Equity
€1.4m from €5.4m in 2018
Equity fell by 75% in 7 years.
SPARAXIS
Lifetime
18 annual accounts with figures on one time axis, 32 filings since 1994peak €844,586 (2010)
-not published
peak €536,554 (2008)
€194,759▼ 47.3%
peak €5.4m (2018)
€1.4m▼ 37.3%
€1.0m▼ 1.6%
Board57 names since 2008all names
4 directorsOlivier VANDERIJST and 3 others
Owners4 names in the annual accounts
Documentsfilings and deeds
20-05-202672 days before the deadline
2025financial year
Gross margin from €201,541 to €248,646Result from €369,583 to €194,759Resignations & appointments 09-09Merger: SPARAXIS takes over SAMANDA 07-01Dividend €1.0mEquity from €2.2m to €1.4m
Key points
from the 2025 annual accountsResult
€194,759 ▼ 47.3%
The result fell in 2025 from €369,583 to €194,759.
Turnover
≈ €420,000 estimated
The accounts state no turnover.
Filings
32 annual accounts since 1994
The last five annual accounts were filed 26 to 72 days before the end of the period.
At the same address
44 companies
Restructuring
2024
Merger with SAMANDA. Merger on 05-12-2024.
Checked score
92
Excellent
Financially stronger than 34% of small companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,123 companies (NACE 82, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026highest value
08-2026: < 0.1%● unchanged vs 07-2026highest value
09-2026: < 0.1%● unchanged vs 08-2026highest value
10-2026: < 0.1%● unchanged vs 09-2026highest value
11-2026: < 0.1%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 2.30, cash €71,008, halved
Profit of €194,759 (financial year 2025)
lowers risk
Size: total assets €2.4m
Figures for financial year 2025 (filed on 23-05-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, small). It does better than 62% of them on solvency, 21% on liquidity, 43% on profitability and 8% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as SPARAXIS has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of SPARAXIS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for SPARAXIS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €120,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.3 (3.04 in 2024), above the usual 1.5. Short-term debt is 43.5% and cash 3% of total assets. 43.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-05-2026, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 days early
2024
37 days early
2023
44 days early
2022
26 days early
2021
54 days early
2020
47 days early
2019
74 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 51 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SOCIETE REGIONALE D'INVESTISSEMENT DE WALLONIE 100%equity €2.42bn (2022) · 2022 annual accounts of SOCIETE REGIONALE D'INVESTISSEMENT DE WALLONIE
- Wallonie Entreprendre 100%equity €4.98bn (2025) · 2025 annual accounts of Wallonie Entreprendre
Recent changes
4 directors reappointed
Olivier VANDERIJST (chair), Sébastien DURIEUX, Eric PONCIN and Olivier BOUCHAT · General meeting of 12-05-2026 · Gazette deed
Resignations & appointments
Gazette deed
Merger: SPARAXIS takes over SAMANDA
WALLONIE ENTREPRENDRE holds all the shares · General meeting of 05-12-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SPARAXIS Liège | €2.4m | €248,646 | 56.5% | - |
| BEAD Roeselare | €2.7m | €272,131 | 55.6% | 0 |
| CHAARCON Kortrijk | €2.0m | €278,717 | 64.1% | - |
| JOBA Lommel | €2.8m | €258,252 | 58.5% | 0 |
| O’5 MANAGEMENT & INVEST Deinze | €2.0m | €274,721 | 32.9% | - |
| IMMOBILIERE MADELMA Herve | €3.4m | €315,541 | 48.2% | - |
| OLIMOB Dison | €1.5m | €188,512 | 68.0% | - |
These companies have the same main activity as SPARAXIS: office administrative and support services (NACE 82100). They are comparable in size and age: total assets between €1.5m and €3.4m, founded between 1988 and 1998.
Official details
Source: KBO- Status
- Active since 27-01-1994Normal situation
- Registered office
- 45 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Office administrative and support servicesNACE 82100and 1 other
- Establishment unit
- 2.065.834.2394000 Liège, since 02-03-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- €2.4m▼ 25.6%
- Filing
- Filed on 20-05-2026, 72 days before the end of the filing period
Insights on SPARAXIS
SPARAXIS has existed since 1994. Turnover fell from €844,586 in 2010 to €346,232 in 2011.
Solvency fell in 2025 from 67.1% to 56.5% because of the dividend.
SOCIETE REGIONALE D'INVESTISSEMENT DE WALLONIE holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SPARAXIS
- What is the company number of SPARAXIS?
- The company number of SPARAXIS is 0452.116.307. The VAT number is the same number with BE in front: BE 0452.116.307.
- Where is SPARAXIS based?
- The registered office is at Avenue Maurice-Destenay 13, 4000 Liège.Company details
- What does SPARAXIS do?
- According to the KBO register, the main activity is office administrative and support services (NACE 82100).
- What is the legal form of SPARAXIS?
- SPARAXIS is a public limited company (NV).
- When was SPARAXIS founded?
- SPARAXIS was founded on 27-01-1994.
- Is SPARAXIS still active?
- Yes, SPARAXIS is an active enterprise in the KBO register.
- What is the turnover of SPARAXIS?
- The turnover in financial year 2025 is ≈ €420,000. This figure is estimated from the gross margin of €248,646 and 58 comparable companies (NACE 82). It probably lies between €310,000 and €690,000.Financials
- Is SPARAXIS profitable?
- In financial year 2025, SPARAXIS made a profit of €194,759.
- Where can I find the annual accounts of SPARAXIS?
- SPARAXIS filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SPARAXIS due?
- SPARAXIS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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