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S.P.N. GROUP

Active
Private limited companyfounded 2016active for 10 yearsOverwinningstraat 62, 3010 Leuven, BelgiumKBO/BCE: BE 0646.865.878
Summary

The computed 12-month bankruptcy probability of S.P.N. GROUP is 2.1% (moderate). The 2025 annual accounts show equity of €72,512 and a net result of €6,340. Equity remains stable across the filed financial years (±1.6% per year). Its solvency ranks better than 64% of 34,699 sector peers (NACE 43, financial year 2025). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
S.P.N. GROUPActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Other construction installation
NACE 43240General construction of residential buildings NACE 41001
1 site
Size
€482,916turnover 2025
Equity
€72,512
Profit
€6,340
Turnover +54%: other schema
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.1%
Structure
2025 accounts filed 243 days late1 of 2 deeds summarised
Why 54raises riskLast filed accounts filed 243 days late; 1 of the last 3 lateSize: turnover €482,916, total assets €121,768lowers riskLiquidity: current ratio 3.94, cash €13,931Founded in 2016Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 56% of its sector peers (NACE 43, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 85-9
equity 59.5% of total assets
Liquidity 59-6
short-term debt 18.5% · cash 11.4%
Profitability 62+2
return on assets 5.2%
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,621 companies, NACE 43, micro)
Last 24 months 11-2024: 3.2% 12-2024: 0.5%▼ -2.7 percentage points vs 11-2024lowest value 01-2025: 0.5%● unchanged vs 12-2024lowest value 02-2025: 0.5%● unchanged vs 01-2025lowest value 03-2025: 0.5%● unchanged vs 02-2025lowest value 04-2025: 0.5%● unchanged vs 03-2025lowest value 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.5%● unchanged vs 06-2025 08-2025: 0.6%▲ +0.1 percentage points vs 07-2025 09-2025: 0.7%▲ +0.1 percentage points vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.8%▲ +0.1 percentage points vs 10-2025 12-2025: 1.4%▲ +0.6 percentage points vs 11-2025 01-2026: 2.0%▲ +0.6 percentage points vs 12-2025 02-2026: 4.0%▲ +2.0 percentage points vs 01-2026highest value 03-2026: 1.7%▼ -2.3 percentage points vs 02-2026 04-2026: 2.4%▲ +0.7 percentage points vs 03-2026 05-2026: 3.4%▲ +1.0 percentage point vs 04-2026 06-2026: 3.4%● unchanged vs 05-2026 07-2026: 3.3%▼ -0.1 percentage points vs 06-2026 08-2026: 2.2%▼ -1.1 percentage points vs 07-2026 09-2026: 2.2%● unchanged vs 08-2026 10-2026: 2.1%▼ -0.1 percentage points vs 09-2026
Credit of up to €3,500 on 30-day terms, only on tighter conditions: the latest accounts were filed more than 90 days after the deadline
Liquidity ample (current ratio 3.94, compared with 2.99 in 2024, above the usual 1.5; short-term debt: 18.5% and cash: 11.4% of total assets), and 40.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 65% on solvency, 56% on liquidity, 30% on profitability and 71% on growth.

The bankruptcy probability was computed on 24-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises risk
raises risk · Last filed accounts filed 243 days late; 1 of the last 3 late
NBB · filings
raises risk · Size: turnover €482,916, total assets €121,768
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 3.94, cash €13,931
NBB · annual accounts
lowers risk · Founded in 2016
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year €72,512
raises risk · 2025 accounts filed 243 days late
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 31-07-2026, 243 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 9 filings
Deviation from the deadline
2025
243 days late
2024
on the day
2023
30 days late
2022
9 days late
2021
on the day
2020
on the day
2019
61 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 32 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-04-2026 is due by 30-11-2026. Nothing is late today. The company usually files around 9 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-04-2026 year end25-10-2026 today30-11-2026 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Back to profitnet €2,062

Key points

  • Caution: Latest accounts filed lateafter the legal deadline 243 days View
  • Positive: Turnover rose in 2025different schema filed ▲ 54.5% View
  • One director decidessole director in office 1 View

By topic

Financials

Financial year
2025
Turnover
€482,916
Profit
€6,340
Solvency
59.5%
Turnover▲ 54.5%
Net result
20192025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 30-11-2026
  1. 30-04-2024Liquidity doubles
  2. 06-02-2024Resignations: SABAU Daniel (manager) and SABAU Ramona…
  3. 30-12-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other construction installationNACE 43240
Founded
21-01-2016
Year ends
30-04
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
31
Annual meeting
First Thursday of September at 18:00
Purpose
“Algemene bouwwerkzaamheden, schrijnwerk, schilderwerk, metselwerk, elektriciteit…” (deed in Dutch)
Go to Articles of association

Key facts about S.P.N. GROUP

What is the company number of S.P.N. GROUP?
0646.865.878. In Belgium the VAT number is the company number with BE in front: BE 0646.865.878.
Where is S.P.N. GROUP based?
The registered office is at Overwinningstraat 62, 3010 Leuven.Company details
What does S.P.N. GROUP do?
According to the KBO register, the main activity is other construction installation (NACE 43240).
What is the legal form of S.P.N. GROUP?
Private limited company (BV).
When was S.P.N. GROUP founded?
On 21-01-2016.
Is S.P.N. GROUP still active?
Yes, S.P.N. GROUP is an active enterprise in the KBO register.
What is the turnover of S.P.N. GROUP?
€482,916 in financial year 2025, according to the filed annual accounts.Financials
Is S.P.N. GROUP profitable?
In financial year 2025, S.P.N. GROUP made a profit of €6,340.
Where can I find the annual accounts of S.P.N. GROUP?
S.P.N. GROUP filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of S.P.N. GROUP due?
By 30-11-2026, for financial year 2026.Timeline

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