2 directorsName after signing inVisible after signing in and 1 other
Documentsfilings and deeds
05-06-202556 days before the deadline
2024micro format
Gross margin from -€17,522 to €9,974Profit of €7,694, after a lossChange of role: Name after signing inVisible after signing in, from manager to director14-02Equity from €4,113 to €11,807Debts from €20,091 to €11,542
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Score breakdown
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Comparable companies, two years later
In July 2024, 26,973 companies had the same profile as SP ELEC has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.5%
stopped another way
1.6%
went bankrupt
Micro
5 to 10 years old
solvency 30% or more
a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
The companies in ten equal groups, from the lowest to the highest expected share
Group
Expected
Actual
1
0.2%
0.2%
2
0.3%
0.5%
3
0.5%
0.6%
4
0.7%
0.8%
5
0.9%
0.9%
6
1.3%
1.5%
7
1.6%
1.8%
8
1.8%
1.8%
9
2.9%
3.1%
10
5.6%
6.1%
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,973 companies, not a prediction for SP ELEC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
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Credit check for an amount and term of your choice
Change of role: Name hiddenVisible after signing in, from manager to director
Director discharge: Hidden nameVisible after signing in · General meeting of 09-02-2024 · Gazette deed
Resignation: Name after signing inVisible after signing in (director)
Transfer of shares from Name hiddenVisible after signing in to Hidden nameVisible after signing in · Name after signing inVisible after signing in is a shareholder · General meeting of 23-10-2023 · Gazette deed
Incorporation
Founding capital of €18,600, 100 shares, €10,000 paid up · Founders: Name hiddenVisible after signing in and Hidden nameVisible after signing in · Appointments: Name after signing inVisible after signing in (manager) and Name hiddenVisible after signing in (manager) · published on 09-04-2019 · Gazette deed
“De huur van welke noodzakelijk of nuttig zijn om de volledige realisatie van festivals…” (deed in Dutch)From the articles, 57 activities34 activities on the establishment unit
Establishment unit
2.287.689.1741831 Machelen (Brab.), since 05-04-2019
The company number of SP ELEC is 0724.599.403. The VAT number is the same number with BE in front: BE 0724.599.403.
Where is SP ELEC based?
The registered office is at Oude Haachtsesteenweg 59, 1831 Machelen (Brab.).Company details
What is the legal form of SP ELEC?
SP ELEC is a private limited company (BV).
When was SP ELEC founded?
SP ELEC was founded on 05-04-2019.
Is SP ELEC still active?
Yes, SP ELEC is an active enterprise in the KBO register.
How many employees does SP ELEC have?
SP ELEC had an average of 0.6 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
What is the turnover of SP ELEC?
The turnover in financial year 2024 is ≈ €74,000. This figure is estimated from the gross margin of €9,974 and 7,098 comparable companies of the same size. It probably lies between €34,000 and €180,000. It is a rough estimate.
Is SP ELEC profitable?
In financial year 2024, SP ELEC made a profit of €7,694.
Where can I find the annual accounts of SP ELEC?
SP ELEC filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2024.