SP&LI CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of SP&LI CONSTRUCT is 2.0% (moderate). The 2025 annual accounts show equity of €26,780 and a net result of €11,611. Equity is growing by ~80.8% per year across the filed fiscal years. Its solvency ranks better than 22% of 7564 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
Axes · tick = 2024
Profitability77▼-10
Solvency40▼-8
Growth78=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.17 in 2024; short-term debt: 84.8% and cash: 36.8% of total assets), and 84.8% of the assets are financed with debt.
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Signals
Five 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
15.2%
Return on assets
6.6%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 7564 sector peers (2025).
NBB · sector comparisonPosition among 7564 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-05-2026, 13 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
13 d late
2024
on the day
2023
on the day
2022
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 3 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€116,513
EBIT margin
4.0%
Net result
€11,611▲ 22.3%
2024 · €9,497
Working capital
€18,268▲ 113%
2024 · €8,562
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Turnover€116,513-
Operating result€4,628-€2,305▼ 50.2%€12,964▲ 462%€15,336▲ 18.3%
Net result€2,595within the sector's middle half-€1,077within the sector's middle half▼ 58.5%€9,497within the sector's middle half▲ 782%€11,611within the sector's middle half▲ 22.3%
EBIT margin4.0%-
Equity€4,595below the sector's middle half-€5,673below the sector's middle half▲ 23.4%€15,169within the sector's middle half▲ 167%€26,780within the sector's middle half▲ 76.5%
Total assets€17,308below the sector's middle half-€11,469below the sector's middle half▼ 33.7%€64,753within the sector's middle half▲ 465%€176,047within the sector's middle half▲ 172%
Debt€12,713-€5,797▼ 54.4%€49,583▲ 755%€149,267▲ 201%
Working capital€4,595-€5,673▲ 23.4%€8,562▲ 50.9%€18,268▲ 113%
Solvency26.5%within the sector's middle half-49.5%within the sector's middle half▲ 22.9pp23.4%within the sector's middle half▼ 26.0pp15.2%below the sector's middle half▼ 8.2pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €176,047
Fixed assets
€8,512 ▲ 28.8%
Current assets
€167,535 ▲ 188%
Equity and liabilities €176,047
Equity
€26,780 ▲ 76.5%
Debt
€149,267 ▲ 201%
Debt's share of the balance-sheet total rises from 76.6% to 84.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18,451▲
2024 · €14,029
Cash flow
€14,726▲
2024 · €10,562
Current ratio
1.12▼
2024 · 1.17
Debt to equity
5.57▲
2024 · 3.27
ROE
43.4%▼
2024 · 62.6%
ROA
6.6%▼
2024 · 14.7%
Interest coverage
105.79▲
2024 · 46.07
Debt ≤ 1 year
€149,267▲
2024 · €49,583
Income taxes
€3,551▲
2024 · €3,162
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,703 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €116,513 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €109,858 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1,065 | €3,115 | ▲ 192% |
| Other operating charges640/8 | €2,027 | €1,360 | €922 | €978 | ▲ 6.0% |
| Gross operating margin9900 | €6,655 | €3,665 | €14,951 | €19,429 | ▲ 29.9% |
| Operating profit (loss)9901 | €4,628 | €2,305 | €12,964 | €15,336 | ▲ 18.3% |
| Financial income75/76B | - | €1,599 | €0 | €0 | ▲ 133% |
| Recurring financial income75 | - | €1,599 | €0 | €0 | ▲ 133% |
| Non-recurring financial income76B | - | €1,599 | - | - | - |
| Financial charges65/66B | €1,089 | €1,845 | €305 | €174 | ▼ 42.7% |
| Recurring financial charges65 | €1,089 | €438 | €305 | €174 | ▼ 42.7% |
| Non-recurring financial charges66B | - | €1,407 | - | - | - |
| Profit (loss) for the period before taxes9903 | €3,539 | €2,060 | €12,659 | €15,162 | ▲ 19.8% |
| Income taxes67/77 | €943 | €982 | €3,162 | €3,551 | ▲ 12.3% |
| Profit (loss) for the period9904 | €2,595 | €1,077 | €9,497 | €11,611 | ▲ 22.3% |
| Profit (loss) for the period to be appropriated9905 | €2,595 | €1,077 | €9,497 | €11,611 | ▲ 22.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €17,308 | €11,469 | €64,753 | €176,047 | ▲ 172% |
| Fixed assets21/28 | - | - | €6,607 | €8,512 | ▲ 28.8% |
| Tangible fixed assets22/27 | - | - | €6,607 | €8,512 | ▲ 28.8% |
| Furniture and vehicles24 | - | - | €6,607 | €8,512 | ▲ 28.8% |
| Current assets29/58 | €17,308 | €11,469 | €58,146 | €167,535 | ▲ 188% |
| Amounts receivable within one year40/41 | €13,892 | €3,763 | €34,321 | €98,772 | ▲ 188% |
| Trade receivables40 | €13,442 | €1,470 | €25,156 | €98,214 | ▲ 290% |
| Other amounts receivable41 | €450 | €2,292 | €9,165 | €558 | ▼ 93.9% |
| Current investments50/53 | - | €4,000 | €4,000 | €4,000 | = |
| Cash at bank and in hand54/58 | €3,417 | €3,707 | €19,825 | €64,763 | ▲ 227% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €17,308 | €11,469 | €64,753 | €176,047 | ▲ 172% |
| Equity10/15 | €4,595 | €5,673 | €15,169 | €26,780 | ▲ 76.5% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Outside capital11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Other1109/19 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €2,595 | €3,673 | €13,169 | €24,780 | ▲ 88.2% |
| Amounts payable17/49 | €12,713 | €5,797 | €49,583 | €149,267 | ▲ 201% |
| Amounts payable within one year42/48 | €12,713 | €5,797 | €49,583 | €149,267 | ▲ 201% |
| Trade debts44 | €9,311 | €3,871 | €46,548 | €143,649 | ▲ 209% |
| Suppliers440/4 | €5,001 | €871 | €6,822 | - | - |
| Bills of exchange payable441 | €4,310 | €3,000 | €39,725 | €143,649 | ▲ 262% |
| Taxes, remuneration and social security45 | €943 | €1,926 | €3,036 | €3,554 | ▲ 17.1% |
| Taxes450/3 | €943 | €1,926 | €3,036 | €3,554 | ▲ 17.1% |
| Other amounts payable47/48 | €2,459 | - | - | €2,064 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,595 | €1,077 | €9,497 | €11,611 | ▲ 22.3% |
| + Depreciation and write-downs630 | - | - | €1,065 | €3,115 | ▲ 192% |
| Operating cash flow (approximation) | €2,595 | €1,077 | €10,562 | €14,726 | ▲ 39.4% |
| Investment in fixed assets (approximation) | - | - | - | -€5,020 | - |
| Change in cash | - | €290 | €16,118 | €44,938 | ▲ 179% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
30-09
Financial
Highest result since 2022net €11,611 ▲22.3%
Operating result €15,336, net result €11,611, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €1,077 ▼58.5%
Net result drops to €1,077, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Kraainem · 1 establishment unit since 2021
Ground area
1.1 ha
Building footprint
865 m²
Volume, LiDAR
33,994 m³
Parcel 22002C0073/00N009, Flanders · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
964
companies at this address
See who is registered here
1 establishment unit
SP&LI CONSTRUCT
since 20212.318.610.103
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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TAMACO-BTP
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YAMANS
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 12,218 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-06-2021
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
81210General cleaning of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0768931866
Also
9925:BE0768931866
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.