SP International
ActiveThe computed 12-month bankruptcy probability of SP International is 1.7% (moderate). The 2025 annual accounts show equity of €286k and a net result of €73k. Equity is growing by ~55.2% per year across the filed fiscal years. Its solvency ranks better than 36% of 10359 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-3
Solvency50▲+5
Growth78=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.27 in 2024; short-term debt: 68.3% and cash: 0.2% of total assets), and 75.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 →
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
24.9%
Return on assets
6.3%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 26-11-2025, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
26 d late
2024
215 d late
2023
34 d late
2022
399 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close23-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€286k▲ 34.0%
2024 · €214k
2022: €14k
2023: €120k
2024: €214k
2022 → 2025
Total assets
€1.15M▲ 8.3%
2024 · €1.06M
2022: €109k
2023: €1.17M
2024: €1.06M
2022 → 2025
Net result
€73k▼ 22.1%
2024 · €93k
2022: €4k
2023: €106k
2024: €93k
2022 → 2025
Working capital
€356k▲ 63.8%
2024 · €217k
2022: €-5k
2023: €81k
2024: €217k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€14k-€120k▲ 775%€214k▲ 77.6%€286k▲ 34.0%
Operating result€6k-€133k▲ 1,991%€127k▼ 4.5%€107k▼ 15.7%
Net result€4k-€106k▲ 2,750%€93k▼ 12.4%€73k▼ 22.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.15M
Fixed assets
€9k▼ 80.0%
Current assets
€1.14M▲ 12.0%
Equity and liabilities €1.15M
Equity
€286k▲ 34.0%
Debt
€865k▲ 1.8%
The debt ratio falls from 79.9% to 75.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€112k▼
2024 · €139k
Cash flow
€77k▼
2024 · €105k
Solvency
24.9%▲
2024 · 20.1%
Current ratio
1.45▲
2024 · 1.27
Quick ratio
0.84▲
2024 · 0.73
Debt / equity
3.02▼
2024 · 3.98
ROE
25.4%▼
2024 · 43.7%
ROA
6.3%▼
2024 · 8.8%
Interest coverage
10.77▼
2024 · 17.18
Debt
€865k▲
2024 · €850k
Debt ≤ 1 year
€787k▼
2024 · €803k
Debt > 1 year
€72k▲
2024 · €40k
Income taxes
€25k▼
2024 · €26k
Staff costs
€953▼
2024 · €2k
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€1.06M€1.15M▲
Fixed assets21/28€43k€9k▼
Tangible fixed assets22/27€43k€9k▼
Plant, machinery and equipment23€12k€9k▼
Furniture and vehicles24€31k-
Current assets29/58€1.02M€1.14M▲
Stocks and contracts in progress3€435k€484k▲
Stocks30/36€435k€484k▲
Amounts receivable within one year40/41€583k€657k▲
Trade receivables40€515k€589k▲
Other amounts receivable41€68k€68k=
Cash at bank and in hand54/58€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.06M€1.15M▲
Equity10/15€214k€286k▲
Contributions10/11€10k€10k=
Reserves13€204k€276k▲
Distributable reserves133€204k€276k▲
Amounts payable17/49€850k€865k▲
Amounts payable after more than one year17€40k€72k▲
Financial debts170/4€40k€72k▲
Amounts payable within one year42/48€803k€787k▼
Financial debts43€39€39=
Credit institutions430/8€39€39=
Trade debts44€228k€686k▲
Suppliers440/4€228k€686k▲
Advances received on contracts in progress46€432k-
Taxes, remuneration and social security45€69k€69k▼
Taxes450/3€69k€66k▼
Remuneration and social security454/9-€3k
Other amounts payable47/48€74k€32k▼
Accrued charges and deferred income492/3€7k€7k=
Income statement
Code20242025
Non-recurring operating income76A-€8k
Remuneration, social security and pensions62€2k€953▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€4k▼
Other operating charges640/8€3k€281▼
Non-recurring operating charges66A-€5k
Gross operating margin9900€143k€118k▼
Operating profit (loss)9901€127k€107k▼
Financial income75/76B€551€682▲
Recurring financial income75€551€682▲
Financial charges65/66B€8k€10k▲
Recurring financial charges65€8k€10k▲
Profit (loss) for the period before taxes9903€120k€97k▼
Income taxes67/77€26k€25k▼
Profit (loss) for the period9904€93k€73k▼
Profit (loss) for the period to be appropriated9905€93k€73k▼
Appropriation of the result
Profit (loss) to be appropriated9906€93k€73k▼
Transfer to equity691/2€93k€73k▼
To other reserves6921€93k€73k▼
The notes to these accounts (10 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
2025
26-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 215 days late
2024
31-03
Financial
Equity above €200kEq €214k ▲77.6%
3 profitable years in a row build equity to €214k.
2023
04-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 34 days late
04-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 399 days late
31-03
Financial
Highest result since 2022net €106k ▲2750%
Operating result €133k, net result €106k, both a record.
31-03
Financial
Equity above €100kEq €120k ▲775%
2 profitable years in a row build equity to €120k.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Westerlo · 1 establishment unit since 2021
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.
Olenseweg 552260 WesterloGround area
1,129 m²
Building footprint
790 m²
Volume, LiDAR
3,542 m³
Parcel 13049A1100/00W000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SP International
since 20212.314.925.289
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13049A1100/00W000 | Flanders | 1,129 m² | 1 · 790 m² | 8.7 m · 2 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
IMPREVU
BE 0650.872.473
Chaudfontaine · Eq €287k
ROEI
BE 0734.839.336
Antwerpen · Eq €285k
EMERALD
BE 0455.842.293
Antwerpen · Eq €285k
IN FINE
BE 0694.956.894
Eupen · Eq €288k
LAMBREGTS & ZONEN
BE 0452.100.865
Edegem · Eq €289k
Of 2,017 companies in sector 47770 we hold annual accounts for 898. 673 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-03-2021
Fiscal year end31-03
Activities, NACEBEL
47770Retail sale of watches and jewellery
47690Retail sale of other cultural and recreation goods
47787Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:seppe00014@gmail.com