SCARPINI
ActiveSummary
The annual accounts of SCARPINI for fiscal year 2025 show a net loss of 51% of total assets and of 56% of the equity at the start of that year. The 2025 annual accounts show equity of €50k and a net result of €-64k. Equity is shrinking by ~6% per year across the filed fiscal years. Its solvency ranks better than 55% of 18280 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency65▼-14
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.48 against 1.82 in 2024; short-term debt: 60.4% and cash: 1.7% of total assets), and 60.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.6%
Return on assets
-51%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-64k
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
43 d early
2023
44 d early
2022
28 d early
2021
16 d early
2020
44 d early
2019
50 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€50k▼ 56.3%
2024 · €113k
2018: €164k
2019: €154k
2020: €160k
2021: €186k
2022: €163k
2023: €167k
2024: €113k
2018 → 2025
Total assets
€125k▼ 40.9%
2024 · €212k
2018: €237k
2019: €220k
2020: €274k
2021: €284k
2022: €270k
2023: €302k
2024: €212k
2018 → 2025
Net result
€-64k▼ 19.1%
2024 · €-54k
2018: €-5k
2019: €-10k
2020: €6k
2021: €27k
2022: €-23k
2023: €4k
2024: €-54k
2018 → 2025
Working capital
€37k▼ 54.6%
2024 · €81k
2018: €183k
2019: €153k
2020: €129k
2021: €156k
2022: €132k
2023: €126k
2024: €81k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€186k-€163k▼ 12.6%€167k▲ 2.4%€113k▼ 32.1%€50k▼ 56.3%
Operating result€26k-€-23k€7k€-48k€-62k▼ 30.0%
Net result€27k-€-23k€4k€-54k€-64k▼ 19.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €62k in 2025 against €48k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125k
Fixed assets
€13k ▼ 60.5%
Current assets
€112k ▼ 37.4%
Equity and liabilities €125k
Equity
€50k ▼ 56.3%
Debt
€76k ▼ 23.2%
Debt's share of the balance-sheet total rises from 46.5% to 60.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-57k▼
2024 · €-40k
Cash flow
€-58k▼
2024 · €-45k
Current ratio
1.48▼
2024 · 1.82
Quick ratio
0.03▼
2024 · 0.18
Debt to equity
1.53▲
2024 · 0.87
ROE
-128.8%▼
2024 · -47.2%
ROA
-51.0%▼
2024 · -25.3%
Interest coverage
-42.24▼
2024 · -7.77
Debt ≤ 1 year
€76k▼
2024 · €98k
Income taxes
€177▼
2024 · €507
Staff costs
€16k▼
2024 · €34k
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 · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€212k€125k▼
Fixed assets21/28€33k€13k▼
Tangible fixed assets22/27€33k€13k▼
Furniture and vehicles24€12k€8k▼
Other tangible fixed assets26€21k€5k▼
Current assets29/58€179k€112k▼
Stocks and contracts in progress3€162k€110k▼
Stocks30/36€162k€110k▼
Amounts receivable within one year40/41€420-
Trade receivables40€420-
Cash at bank and in hand54/58€17k€2k▼
Deferred charges and accrued income490/1€237-
Equity and liabilities
Total equity and liabilities10/49€212k€125k▼
Equity10/15€113k€50k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€93k€29k▼
Amounts payable17/49€98k€76k▼
Amounts payable within one year42/48€98k€76k▼
Financial debts43-€6k
Credit institutions430/8-€6k
Trade debts44-€89
Suppliers440/4-€89
Taxes, remuneration and social security45€33k€9k▼
Taxes450/3€23k€8k▼
Remuneration and social security454/9€10k€2k▼
Other amounts payable47/48€65k€60k▼
Income statement
Code20242025
Remuneration, social security and pensions62€34k€16k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€5k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-876€-29k▼
Other operating charges640/8€952€795▼
Non-recurring operating charges66A€3k€15k▲
Gross operating margin9900€-3k€-55k▼
Operating profit (loss)9901€-48k€-62k▼
Financial income75/76B€23€86▲
Recurring financial income75€23€86▲
Financial charges65/66B€5k€1k▼
Recurring financial charges65€5k€1k▼
Profit (loss) for the period before taxes9903€-53k€-64k▼
Income taxes67/77€507€177▼
Profit (loss) for the period9904€-54k€-64k▼
Profit (loss) for the period to be appropriated9905€-54k€-64k▼
Appropriation of the result
Profit (loss) to be appropriated9906€93k€29k▼
Profit (loss) brought forward from the previous period14P€146k€93k▼
The notes to these accounts (6 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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-64k
Net result drops to €-64k, the lowest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €27k ▲361%
Operating result €26k, net result €27k, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Gerpinnes · 2 establishment units since 1999
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.
Rue Neuve(GER) 536280 GerpinnesGround area
358 m²
Building footprint
105 m²
Volume, LiDAR
437 m³
2 parcels, Wallonia · tallest building 5.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
SCARPINI
since 19992.092.409.170
SCARPINI
since 20192.322.037.468
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52025A0328/00M014 | Wallonia | 194 m² | 1 · 60 m² | 5.1 m · 1 fl. |
| 52025A0328/00M013 | Wallonia | 165 m² | 1 · 45 m² | 5.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
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CHIBO
BE 0822.516.349
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Green Code Labs
BE 1001.735.331
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CORCA
BE 0442.566.161
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Of 1,034 companies in sector 47721 we hold annual accounts for 582. 423 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
Founded31-08-1999
Fiscal year end31-12
Activities, NACEBEL 2025
47721Retail sale of footwear
47722Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.