S.P.E.G.
ActiveSummary
S.P.E.G. has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €646k and a net result of €137k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 54% of 4602 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+74
Solvency78▲+24
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 3.01 against 1.65 in 2023; short-term debt: 33.1% and cash: 12.1% of total assets), and 46.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
53.2%
Return on assets
11.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
1 d late
2022
on the day
2021
2 d early
2020
115 d late
2019
40 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€137k
2023 · €-205k
2018: €136k
2019: €49k
2020: €54k
2021: €85k
2022: €-6k
2023: €-205k
2018 → 2024
Working capital
€806k▲ 17.9%
2023 · €684k
2018: €107k
2019: €172k
2020: €391k
2021: €516k
2022: €480k
2023: €684k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€634k-€719k▲ 13.4%€713k▼ 0.8%€508k▼ 28.7%€646k▲ 27.0%
Operating result€82k-€105k▲ 28.1%€75k▼ 28.9%€-80k€243k
Net result€54k-€85k▲ 55.9%€-6k€-205k▼ 3,608%€137k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €243k after a loss of €80k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.21M
Fixed assets
€6k ▼ 33.4%
Current assets
€1.21M ▼ 30.5%
Equity and liabilities €1.21M
Equity
€646k ▲ 27.0%
Debt
€569k ▼ 54.1%
Debt's share of the balance-sheet total falls from 70.9% to 46.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€246k▲
2023 · €-77k
Cash flow
€141k▲
2023 · €-202k
Current ratio
3.01▲
2023 · 1.65
Quick ratio
1.64▲
2023 · 0.27
Debt to equity
0.88▼
2023 · 2.44
ROE
21.3%▲
2023 · -40.3%
ROA
11.3%▲
2023 · -11.7%
Interest coverage
5.40▲
2023 · -1.12
Debt ≤ 1 year
€402k▼
2023 · €1.05M
Debt > 1 year
€156k▼
2023 · €168k
Income taxes
€69k▲
2023 · €56k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.75M€1.21M▼
Fixed assets21/28€10k€6k▼
Tangible fixed assets22/27€9k€5k▼
Land and buildings22€3k€3k▼
Plant, machinery and equipment23€501€347▼
Furniture and vehicles24€5k€2k▼
Financial fixed assets28€1k€1k=
Current assets29/58€1.74M€1.21M▼
Stocks and contracts in progress3€1.45M€549k▼
Stocks30/36€1.45M€549k▼
Amounts receivable within one year40/41€256k€507k▲
Trade receivables40€34k€39k▲
Other amounts receivable41€222k€468k▲
Cash at bank and in hand54/58€17k€147k▲
Deferred charges and accrued income490/1€15k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.75M€1.21M▼
Equity10/15€508k€646k▲
Contributions10/11€6k€6k=
Reserves13€2k€139k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133-€137k
Profit (loss) carried forward14€500k€500k=
Amounts payable17/49€1.24M€569k▼
Amounts payable after more than one year17€168k€156k▼
Financial debts170/4€166k€154k▼
Other amounts payable178/9€2k€2k▲
Amounts payable within one year42/48€1.05M€402k▼
Current portion of amounts payable after more than one year42€12k€12k▼
Financial debts43€908k€252k▼
Credit institutions430/8€908k€252k▼
Trade debts44€5k€5k▼
Suppliers440/4€5k€5k▼
Taxes, remuneration and social security45€64k€132k▲
Taxes450/3€64k€132k▲
Other amounts payable47/48€65k€1k▼
Accrued charges and deferred income492/3€17k€11k▼
Income statement
Code20232024
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€8k€7k▼
Non-recurring operating charges66A€384k€668▼
Gross operating margin9900€314k€253k▼
Operating profit (loss)9901€-80k€243k▲
Financial income75/76B€375€10k▲
Recurring financial income75€375€10k▲
Financial charges65/66B€69k€46k▼
Recurring financial charges65€69k€46k▼
Profit (loss) for the period before taxes9903€-149k€207k▲
Income taxes67/77€56k€69k▲
Profit (loss) for the period9904€-205k€137k▲
Profit (loss) for the period to be appropriated9905€-205k€137k▲
Appropriation of the result
Profit (loss) to be appropriated9906€500k€638k▲
Profit (loss) brought forward from the previous period14P€705k€500k▼
Transfer to equity691/2-€137k
To other reserves6921-€137k
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €137k
Net result €137k after 2 loss-making years.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 1 day late
2023
31-12
Financial
Weakest financial yearnet €-205k
Net result drops to €-205k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 115 days late
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 40 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 9 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are 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, Elsene · 1 establishment unit since 2000
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.
Louizalaan 2001050 ElseneGround area
1,451 m²
Building footprint
1,103 m²
Volume, LiDAR
23,695 m³
Parcel 21807G0121/00B008, Brussels · tallest building 30.6 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Louizalaan 200, 1050 Elsene
since 20002.093.989.082
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0121/00B008 | Brussels | 1,451 m² | 1 · 1,103 m² | 30.6 m · 7 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.
Similar companies · same sector, comparable size
Special Project Services
BE 0655.774.438
Stekene · Eq €645,787
KRONOS SOLUTIONS
BE 0683.609.280
Brussel · Eq €645,962
DYNAMISCH & INNOVATIEF MANAGEMENT
BE 0865.640.668
Londerzeel · Eq €645,610
FEDERATION EUROPEENNE DE LA MANUTENTION
BE 0874.265.354
Brussel · Eq €646,079
EL-LI
BE 0807.754.731
Herent · Eq €645,425
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 32,377 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-06-1999
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.