SP PHYSIO
ActiveSummary
SP PHYSIO has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,177 and a net result of €14,177. The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-03-2025 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.371.315.151 3350 Linter, since 06-03-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 24-03-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.1%
- Gross margin
- €26,665
- Turnover
- ≈ €110,000
- estimated
- Profit
- €14,177
- Equity
- €16,177
- Total assets
- €64,661
Score breakdownraises riskFounded in 2025No main activity registeredlowers riskLiquidity: current ratio 1.44, cash €17,136Size: total assets €64,661Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 (no NACE code, micro). It does better than 30% of them on solvency, 66% on liquidity and 77% on profitability.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 09-07-2026 at the NBB
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2025 |
|---|---|
| Tangible fixed assets | €41,049 |
| Financial fixed assets | €0 |
| Depreciation and write-downs of the year | €4,066 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €207 awarded · €207 paid| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,066 |
| Gross operating margin9900 | €26,665 |
| Operating profit (loss)9901 | €22,599 |
| Financial income75/76B | €13 |
| Recurring financial income75 | €13 |
| Financial charges65/66B | €1,169 |
| Recurring financial charges65 | €1,169 |
| Profit (loss) for the period before taxes9903 | €21,443 |
| Income taxes67/77 | €7,266 |
| Profit (loss) for the period9904 | €14,177 |
| Profit (loss) for the period to be appropriated9905 | €14,177 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €64,661 | |
| Fixed assets21/28 | €36,983 | |
| Tangible fixed assets22/27 | €36,983 | |
| Plant, machinery and equipment23 | €860 | |
| Furniture and vehicles24 | €36,123 | |
| Current assets29/58 | €27,678 | |
| Current investments50/53 | €9,635 | |
| Cash at bank and in hand54/58 | €17,136 | |
| Deferred charges and accrued income490/1 | €907 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €64,661 | |
| Equity10/15 | €16,177 | |
| Contributions10/11 | €2,000 | |
| Reserves13 | €14,177 | |
| Distributable reserves133 | €14,177 | |
| Amounts payable17/49 | €48,484 | |
| Amounts payable after more than one year17 | €29,220 | |
| Financial debts170/4 | €29,220 | |
| Amounts payable within one year42/48 | €19,264 | |
| Current portion of amounts payable after more than one year42 | €7,620 | |
| Trade debts44 | €1,289 | |
| Suppliers440/4 | €1,289 | |
| Taxes, remuneration and social security45 | €7,292 | |
| Taxes450/3 | €7,292 | |
| Other amounts payable47/48 | €3,062 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €14,177 |
| + Depreciation and write-downs630 | €4,066 |
| Operating cash flow (approximation) | €18,243 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,390 companies had the same profile as SP PHYSIO has now. Two years later, 96.7% were still going and 1.2% had gone bankrupt.
- Micro
- under 2 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SP PHYSIO itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,390 companies, not a prediction for SP PHYSIO. 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.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-07-2026 | 2026-00271461 |
Board & ownership
Directors
Owners and capital
Shareholders
- PUTZEYS Sander 100 shares (100%) · €2,000 in cash
Capital transactions
- 10-03-2025 Incorporation · €2,000 · 100 shares
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Om welke reden en op welk ogenblik ook, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen en vergoeding bepalen”
Articles of association, deed of 10-03-2025 (in Dutch)
Network & group
SP PHYSIO shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of SP PHYSIO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
10-03
Gazette deed
IncorporationStarting capital €2,000 · Appointment: PUTZEYS Sander (director) · Founder11 points ▸
- Incorporation, 05-03-2025
- Founder, PUTZEYS Sander
- Founding capital, €2,000
- Other provision, “Wetboek van Vennootschappen en Verenigingen, bevestiging deponering en beschikking” (deed in Dutch)
- Other provision, “Artikel 7 Inbreng in geld met uitgifte van nieuwe aandelen – recht van voorkeur” (deed in Dutch)
- Other provision, “Artikel 10 Overdracht van aandelen” (deed in Dutch)
- Other provision, “overeenkomstig de wet, inwerkingtreding slot-en overgangsbepalingen” (deed in Dutch)
- Registered office clause, “3350 Drieslinter,Stationssstraat 40” (deed in Dutch)
- Board rule, 1
- Director appointment, PUTZEYS Sander (director)
- Other provision, “afwezigheid bestuursverbod, geen strafrechtelijk of burgerrechtelijk bestuursverbod om persoonlijk of via tussenpersoon onderneming uit te baten of functie van…” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24022D0162/00Y000 | Flanders | 870 m² | 1 · 349 m² | 10.2 m · 2 |