SP CAPITAL
ActiveSP CAPITAL has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €884k and a net result of €91k. Equity is growing by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 67% of 8657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-22
Solvency95▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 9.43 against 6.48 in 2024; short-term debt: 6.1% and cash: 44.2% of total assets), and 29.8% 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○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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.2%
Return on assets
7.3%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
31 d early
2024
14 d late
2023
35 d early
2022
13 d early
2021
31 d early
2020
22 d early
2019
42 d early
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€884k▲ 11.5%
2024 · €792k
2019: €399k
2020: €398k
2021: €396k
2022: €396k
2023: €474k
2024: €792k
2019 → 2025
Total assets
€1.26M▲ 3.7%
2024 · €1.21M
2019: €409k
2020: €409k
2021: €419k
2022: €418k
2023: €877k
2024: €1.21M
2019 → 2025
Net result
€91k▼ 71.3%
2024 · €318k
2019: €-1k
2020: €-2k
2021: €-2k
2022: €107
2023: €78k
2024: €318k
2019 → 2025
Working capital
€651k▲ 15.1%
2024 · €565k
2019: €-9k
2020: €-10k
2021: €-12k
2022: €-12k
2023: €16k
2024: €565k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€396k-€396k=€474k▲ 19.7%€792k▲ 67.1%€884k▲ 11.5%
Operating result€-2k-€233€110k▲ 47,104%€365k▲ 233%€128k▼ 64.9%
Net result€-2k-€107€78k▲ 72,806%€318k▲ 308%€91k▼ 71.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 65% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.26M
Fixed assets
€531k▼ 2.6%
Current assets
€728k▲ 8.9%
Equity and liabilities €1.26M
Equity
€884k▲ 11.5%
Debt
€375k▼ 10.9%
The debt ratio falls from 34.7% to 29.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€143k▼
2024 · €379k
Cash flow
€106k▼
2024 · €333k
Solvency
70.2%▲
2024 · 65.3%
Current ratio
9.43▲
2024 · 6.48
Quick ratio
9.43▲
2024 · 6.48
Debt / equity
0.42▼
2024 · 0.53
ROE
10.3%▼
2024 · 40.2%
ROA
7.3%▼
2024 · 26.2%
Interest coverage
9.78▼
2024 · 25.43
Debt
€375k▼
2024 · €422k
Debt ≤ 1 year
€77k▼
2024 · €103k
Debt > 1 year
€296k▼
2024 · €315k
Income taxes
€24k▼
2024 · €32k
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€1.21M€1.26M▲
Fixed assets21/28€545k€531k▼
Tangible fixed assets22/27€371k€357k▼
Land and buildings22€371k€357k▼
Plant, machinery and equipment23-€477
Financial fixed assets28€174k€174k=
Current assets29/58€668k€728k▲
Amounts receivable after more than one year29€50k€50k=
Other amounts receivable291€50k€50k=
Amounts receivable within one year40/41€140k€121k▼
Trade receivables40€30k€1k▼
Other amounts receivable41€109k€119k▲
Cash at bank and in hand54/58€478k€556k▲
Deferred charges and accrued income490/1€926€866▼
Equity and liabilities
Total equity and liabilities10/49€1.21M€1.26M▲
Equity10/15€792k€884k▲
Contributions10/11€409k€409k=
Reserves13€383k€475k▲
Distributable reserves133€383k€475k▲
Amounts payable17/49€422k€375k▼
Amounts payable after more than one year17€315k€296k▼
Financial debts170/4€315k€296k▼
Amounts payable within one year42/48€103k€77k▼
Current portion of amounts payable after more than one year42€21k€27k▲
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€59k€24k▼
Taxes450/3€59k€24k▼
Remuneration and social security454/9-€320
Other amounts payable47/48€18k€24k▲
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€400k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€15k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€382k€146k▼
Operating profit (loss)9901€365k€128k▼
Financial income75/76B€5€2k▲
Recurring financial income75€5€2k▲
Financial charges65/66B€15k€15k▼
Recurring financial charges65€15k€15k▼
Profit (loss) for the period before taxes9903€350k€115k▼
Income taxes67/77€32k€24k▼
Profit (loss) for the period9904€318k€91k▼
Profit (loss) for the period to be appropriated9905€318k€91k▼
Appropriation of the result
Profit (loss) to be appropriated9906€318k€91k▼
Transfer to equity691/2€318k€91k▼
To other reserves6921€318k€91k▼
The notes to these accounts (17 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 14 days late
2024
31-12
Financial
Highest result since 2019net €318k ▲308%
Operating result €365k, net result €318k, both a record.
31-12
Financial
Liquidity times 5current ratio 6.48
Current ratio from 1.24 to 6.48.
31-12
Financial
Equity above €500kEq €792k ▲67.1%
3 profitable years in a row build equity to €792k.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 1.24
Current ratio from 0.42 to 1.24.
2022
18-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Back to profitnet €107
Net result €107 after 3 loss-making years.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
2019
19-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated 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, Glabbeek · 1 establishment unit since 2016
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.
Bunsbeekdorp 3/A3380 GlabbeekGround area
566 m²
Building footprint
128 m²
Volume, LiDAR
946 m³
Parcel 24018D0015/00M002, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SP CAPITAL
since 20162.259.197.207
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24018D0015/00M002 | Flanders | 566 m² | 1 · 128 m² | 9.5 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.
Similar companies · same sector, comparable size
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BE 0720.809.077
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D'HOOGPOORT
BE 0841.419.669
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ZABALA BRUSSELS
BE 0692.797.754
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3 ADVICE
BE 0817.639.922
Roeselare · Eq €884k
DLIC
BE 0821.678.882
Kortrijk · Eq €883k
Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 29,187 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-10-2016
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:spcapitalbv@gmail.com
E-mail:stijn@stijn-pans.be