S&A SPIRITS
ActiveS&A SPIRITS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2k and a net result of €2k. Equity is shrinking by ~30.8% per year across the filed fiscal years. Its solvency ranks better than 46% of 302 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+81
Solvency37▲+10
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 11
Relative position
BE, all sectors
reference
Sector 11
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
31 d late
2024
26 d late
2023
19 d late
2022
29 d late
2021
25 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▲ 550%
2024 · €350
2021: €9k
2022: €6k
2023: €5k
2024: €350
2021 → 2025
Total assets
€19k▲ 17.8%
2024 · €16k
2021: €11k
2022: €13k
2023: €15k
2024: €16k
2021 → 2025
Net result
€2k
2024 · €-5k
2021: €-525
2022: €-4k
2023: €-1k
2024: €-5k
2021 → 2025
Working capital
€-458▲ 87.1%
2024 · €-4k
2021: €7k
2022: €4k
2023: €1k
2024: €-4k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€6k▼ 37.1%€5k▼ 18.3%€350▼ 92.8%€2k▲ 550%
Operating result€-525-€-3k▼ 543%€-978▲ 71.1%€-4k▼ 354%€2k
Net result€-525-€-4k▼ 570%€-1k▲ 69.1%€-5k▼ 315%€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2k after a loss of €4k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19k
Fixed assets
€2k▼ 23.1%
Current assets
€17k▲ 32.7%
Equity and liabilities €19k
Equity
€2k▲ 550%
Debt
€17k▲ 6.3%
The debt ratio falls from 97.9% to 88.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3k▲
2024 · €-3k
Cash flow
€3k▲
2024 · €-3k
Solvency
11.7%▲
2024 · 2.1%
Current ratio
0.97▲
2024 · 0.78
Quick ratio
0.44▲
2024 · 0.22
Debt / equity
7.52
ROE
84.6%
ROA
9.9%▲
2024 · -27.5%
Interest coverage
31.86▲
2024 · -39.44
Debt
€17k▲
2024 · €16k
Debt ≤ 1 year
€17k▲
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€16k€19k▲
Formation expenses20€961€468▼
Fixed assets21/28€3k€2k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€1k€910▼
Furniture and vehicles24€1k€910▼
Financial fixed assets28€205€205=
Current assets29/58€13k€17k▲
Stocks and contracts in progress3€9k€9k▲
Stocks30/36€9k€9k▲
Amounts receivable within one year40/41€1k€599▼
Trade receivables40-€599
Other amounts receivable41€1k€0▼
Cash at bank and in hand54/58€2k€7k▲
Deferred charges and accrued income490/1€213€213▼
Equity and liabilities
Total equity and liabilities10/49€16k€19k▲
Equity10/15€350€2k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€-10k€-8k▲
Amounts payable17/49€16k€17k▲
Amounts payable within one year42/48€16k€17k▲
Trade debts44€663€0▼
Suppliers440/4€663€0▼
Taxes, remuneration and social security45€211€669▲
Taxes450/3€146€669▲
Remuneration and social security454/9€65€0▼
Other amounts payable47/48€15k€16k▲
Income statement
Code20242025
Remuneration, social security and pensions62€83-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€160-
Gross operating margin9900€-3k€3k▲
Operating profit (loss)9901€-4k€2k▲
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€85€100▲
Recurring financial charges65€85€100▲
Profit (loss) for the period before taxes9903€-5k€2k▲
Profit (loss) for the period9904€-5k€2k▲
Profit (loss) for the period to be appropriated9905€-5k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-8k▲
Profit (loss) brought forward from the previous period14P€-5k€-10k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after 4 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Enghien · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Montgomerystraat(E) 397850 EnghienGround area
98 m²
Building footprint
26 m²
Volume, LiDAR
220 m³
Parcel 55010B0224/00A000, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
S&A SPIRITS
since 20212.327.684.848
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55010B0224/00A000 | Wallonia | 98 m² | 1 · 26 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnghien/Edingen2.327.684.848
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BELIXIR
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Tchelo-Concept
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Of 274 companies in sector 11010 we hold annual accounts for 121. 41 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-12-2021
Fiscal year end31-12
Activities, NACEBEL
11010Manufacture of beverages
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:sa.spirits.srl@gmail.com
Phone:+32476309727
Phone:+32496304330