SP SERVICE

Active

Private limited companyfounded 20224 yrs activePierre Biddaerstraat 14/2, 1070 Anderlecht, BelgiumKBO/BCE: BE 0788.573.475

The computed 12-month bankruptcy probability of SP SERVICE is 5.0% (elevated). The 2024 annual accounts show equity of €11k and a net result of €22k. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 34% of 36373 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

53 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+5

Solvency57▲+5

Growth68=

Track record94

Bankruptcy probability, 12 months

5.0% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity tight (current ratio 1.42 against 1.27 in 2023; short-term debt: 67.6% of total assets), and 67.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

32.2%

Return on assets

67.7%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 3 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

31 d late

2022

44 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€198k▲ 134%

2022 · €85k

2022: €85k

2022 → 2023

EBIT margin

16.0%▼ 29.4pp

2022 · 45.3%

2022: 45.3%

2022 → 2023

Net result

€22k▼ 28.1%

2023 · €31k

2022: €38k 2023: €31k

2022 → 2024

Working capital

€9k▲ 56.3%

2023 · €6k

2022: €6k 2023: €6k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Turnover€85k-€198k▲ 134%

Equity€7k-€8k▲ 13.0%€11k▲ 27.3%

Operating result€38k-€32k▼ 17.6%€24k▼ 23.9%

Net result€38k-€31k▼ 18.2%€22k▼ 28.1%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2024 is 24% below 2023 and is the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €33k

96.0%

Fixed assets €1k▼ 44.0%

Current assets €32k▲ 12.1%

Equity and liabilities €33k

32.2%

67.8%

Equity €11k▲ 27.3%

Debt €22k▲ 0.5%

The debt ratio falls from 72.8% to 67.8%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€25k▼

2023 · €32k

Cash flow

€23k▼

2023 · €32k

Solvency

32.2%▲

2023 · 27.2%

Current ratio

1.42▲

2023 · 1.27

Quick ratio

1.42▲

2023 · 1.27

Debt / equity

2.11▼

2023 · 2.67

ROE

210.4%▼

2023 · 372.4%

ROA

67.7%▼

2023 · 101.5%

Interest coverage

14.56▼

2023 · 144.08

Debt

€22k▲

2023 · €22k

Debt ≤ 1 year

€22k▲

2023 · €22k

Income taxes

€1k▼

2023 · €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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€31k€33k▲

Fixed assets21/28€2k€1k▼

Tangible fixed assets22/27€2k€1k▼

Plant, machinery and equipment23€2k€1k▼

Furniture and vehicles24€298€124▼

Current assets29/58€28k€32k▲

Amounts receivable within one year40/41€28k€31k▲

Trade receivables40€5k€2k▼

Other amounts receivable41€23k€29k▲

Deferred charges and accrued income490/1€91€235▲

Equity and liabilities

Total equity and liabilities10/49€31k€33k▲

Equity10/15€8k€11k▲

Contributions10/11€2k€2k=

Reserves13€150€150=

Non-distributable reserves130/1€150€150=

Reserves not available under the articles1311€150€150=

Profit (loss) carried forward14€7k€9k▲

Amounts payable17/49€22k€22k▲

Amounts payable within one year42/48€22k€22k▲

Financial debts43€12k€11k▼

Credit institutions430/8€12k€11k▼

Trade debts44€409€1k▲

Suppliers440/4€409€1k▲

Taxes, remuneration and social security45€5k€3k▼

Taxes450/3€5k€3k▼

Other amounts payable47/48€4k€7k▲

Accrued charges and deferred income492/3-€62

Income statement Code20232024

Turnover70€198k-

Goods, raw materials, services and sundry goods60/61€166k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€680€1k▲

Other operating charges640/8€623€302▼

Non-recurring operating charges66A€338€200▼

Gross operating margin9900€33k€26k▼

Operating profit (loss)9901€32k€24k▼

Financial income75/76B€1k€1k▲

Recurring financial income75€1k€1k▲

Financial charges65/66B€224€2k▲

Recurring financial charges65€224€2k▲

Profit (loss) for the period before taxes9903€33k€24k▼

Income taxes67/77€2k€1k▼

Profit (loss) for the period9904€31k€22k▼

Profit (loss) for the period to be appropriated9905€31k€22k▼

Appropriation of the result

Profit (loss) to be appropriated9906€37k€29k▼

Profit (loss) brought forward from the previous period14P€6k€7k▲

Profit to be distributed694/7€30k€20k▼

Directors or managers695€30k€20k▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

31-12

Financial Weakest financial yearnet €22k ▼28.1%

Net result drops to €22k, the lowest in the series.

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

13-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 44 days late

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, Anderlecht · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Pierre Biddaerstraat 14/21070 Anderlecht

Ground area

156 m²

Building footprint

87 m²

Volume, LiDAR

884 m³

Parcel 21308H0515/00W008, Brussels · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

SP SERVICE

Pierre Biddaerstraat 14/2, 1070 AnderlechtCivil engineering

since 20222.334.625.197

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21308H0515/00W008	Brussels	156 m²	1 · 87 m²	13.2 m · 4 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

CORSTJENS JOERI KELDER- EN BETONWERKEN

Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 4,154 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded14-07-2022

Fiscal year end31-12

Activities, NACEBEL

43990Other specialised construction activities

43999Specialised construction activities

43110Demolition

43320Joinery installation

43995Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.