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SMEDERIJ SPILSTYNS

Active
Private limited companyfounded 2006active for 20 yearsHeerbaan 41C, 3472 Kortenaken, BelgiumKBO/BCE: BE 0879.369.237
Summary

The computed 12-month bankruptcy probability of SMEDERIJ SPILSTYNS is 2.5% (moderate). The 2025 annual accounts show negative equity (-€14,408) and a net result of -€9,724. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 2,316 sector peers (NACE 25, financial year 2025). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.

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SMEDERIJ SPILSTYNSActiveChecked score 49/100
Risk analysis ReportCompare

Overview

Activity
Forging of metal
NACE 25401Other construction installation NACE 43240
7th oldest company in Kortenaken, Manufacturing sector1 site
Size
€38,030total assets 2025
Equity
-€14,408
Loss
-€9,724
Turnover not published (micro format)
Financial health
49 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.5%
Structure
2025 accounts 25 days early1 of 3 deeds summarised
Why 49raises riskNegative equity -€14,4081 change of registered office in 24 monthsLoss of €9,724, the second in a row (financial year 2025)lowers riskSize: total assets €38,030Show the evidence

Checked score

Score 2025
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 5% of its sector peers (NACE 25, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 0-18
equity -37.9% of total assets
Liquidity 22+3
short-term debt 137.9% · cash 17.6%
Profitability 0=
return on assets -25.6%
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.5% (3,701 companies, NACE 25, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.4%▲ +0.2 percentage points vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.5%▲ +0.1 percentage points vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025 08-2025: 2.6%▲ +2.0 percentage points vs 07-2025 09-2025: 2.6%● unchanged vs 08-2025 10-2025: 2.6%● unchanged vs 09-2025 11-2025: 2.6%● unchanged vs 10-2025 12-2025: 2.6%● unchanged vs 11-2025 01-2026: 2.6%● unchanged vs 12-2025 02-2026: 2.6%● unchanged vs 01-2026 03-2026: 2.6%● unchanged vs 02-2026 04-2026: 2.6%● unchanged vs 03-2026 05-2026: 2.7%▲ +0.1 percentage points vs 04-2026 06-2026: 2.6%▼ -0.1 percentage points vs 05-2026 07-2026: 2.8%▲ +0.2 percentage points vs 06-2026highest value 08-2026: 2.5%▼ -0.3 percentage points vs 07-2026 09-2026: 2.5%● unchanged vs 08-2026 10-2026: 2.5%● unchanged vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.14, compared with 0.36 in 2024, below 1; short-term debt: 137.9% and cash: 17.6% of total assets), and equity is negative.
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 25, micro): better than 3% on solvency, 11% on liquidity, 4% on profitability and 1% 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 riskneutral
raises risk · Negative equity -€14,408
NBB · annual accounts
lowers risk · Size: total assets €38,030
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Loss of €9,724, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€14,408
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
25 days early
2024
20 days early
2023
20 days early
2022
30 days late
2021
52 days early
2020
30 days late
2019
35 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 13 days before the deadline; the sector median (NACE 25) for financial year 2024 is 8 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 11 July (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 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 · micro…
  3. Appointment: Steve Spilstyns (director)Resignation: Steve Spilstyns (manager) ·…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€14,408 View
  • Caution: Among the weakest 6% on solvencysector median 44.4% · 2,316 companies -37.9% View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€9,724 View

By topic

Financials

Financial year
2025
Total assets
€38,030
Loss
-€9,724
Solvency
-37.9%
Total assets▼ 39.4%
Net result
20182025
Go to Financials

Timeline

Events
23
Since
2007
Next accounts
by 31-07-2027
  1. 11-07-2024Annual accounts filed
  2. 30-08-2023Annual accounts filed
  3. 09-06-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Forging of metalNACE 25401
Founded
30-01-2006
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
29
Who signs
Each director alone
Annual meeting
First Monday of June at 18:00
Purpose
“-het beheren van het patrimonium van de vennootschap in de ruimste zin van het woord; -het…” (deed in Dutch)
Go to Articles of association

Key facts about SMEDERIJ SPILSTYNS

What is the company number of SMEDERIJ SPILSTYNS?
0879.369.237. In Belgium the VAT number is the company number with BE in front: BE 0879.369.237.
Where is SMEDERIJ SPILSTYNS based?
The registered office is at Heerbaan 41C, 3472 Kortenaken.Company details
What does SMEDERIJ SPILSTYNS do?
According to the KBO register, the main activity is forging of metal (NACE 25401).
What is the legal form of SMEDERIJ SPILSTYNS?
Private limited company (BV).
When was SMEDERIJ SPILSTYNS founded?
On 30-01-2006.
Is SMEDERIJ SPILSTYNS still active?
Yes, SMEDERIJ SPILSTYNS is an active enterprise in the KBO register.
What is the turnover of SMEDERIJ SPILSTYNS?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is SMEDERIJ SPILSTYNS profitable?
In financial year 2025, SMEDERIJ SPILSTYNS made a loss of €9,724.
Where can I find the annual accounts of SMEDERIJ SPILSTYNS?
SMEDERIJ SPILSTYNS filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SMEDERIJ SPILSTYNS due?
By 31-07-2027, for financial year 2026.Timeline

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