SPA3
ActiveSummary
The computed 12-month bankruptcy probability of SPA3 is 2.6% (moderate). The 2025 annual accounts show negative equity (-€6,525) and a net result of €1,458. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 4659 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+71
Solvency18▲+2
Growth32=
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.78 against 0.43 in 2024; short-term debt: 50.3% and cash: 17.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 · 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 2025Solvency, return and age of the figures
Solvency
-7.2%
Return on assets
1.6%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-04-2026, 89 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
89 d late
2024
28 d late
2023
15 d late
2022
4 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€6,525▲ 18.3%
2024 · -€7,983
Total assets
€91,005▲ 1.6%
2024 · €89,594
Net result
€1,458
2024 · -€21,799
Working capital
-€10,284▲ 54.6%
2024 · -€22,661
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€9,207-€5,915▼ 35.8%-€17,691€4,945
Net result€6,803-€2,012▼ 70.4%-€21,799€1,458
Equity€11,803-€13,815▲ 17.0%-€7,983-€6,525▲ 18.3%
Total assets€30,229-€43,800▲ 44.9%€89,594▲ 105%€91,005▲ 1.6%
Debt€18,426-€29,985▲ 62.7%€97,577▲ 225%€97,530=
Working capital€8,010--€2,560-€22,661▼ 785%-€10,284▲ 54.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4,945 after a loss of €17,691 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €91,005
Fixed assets
€55,488 ▼ 23.2%
Current assets
€35,517 ▲ 105%
Key figures and ratios
EBITDA
€25,240▲
2024 · -€498
Cash flow
€21,753▲
2024 · -€4,605
Solvency
-7.2%▲
2024 · -8.9%
Current ratio
0.78▲
2024 · 0.43
Quick ratio
0.69▲
2024 · 0.43
Debt to equity
-14.95▼
2024 · -12.22
ROA
1.6%▲
2024 · -24.3%
Interest coverage
7.54▲
2024 · -0.12
Debt ≤ 1 year
€45,801▲
2024 · €40,007
Debt > 1 year
€51,729▼
2024 · €57,570
Income taxes
€140
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €2,729 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,264 | €2,166 | €17,193 | €20,295 | ▲ 18.0% |
| Other operating charges640/8 | - | €3,281 | €1,157 | €876 | ▼ 24.3% |
| Gross operating margin9900 | €10,472 | €11,362 | €3,387 | €26,116 | ▲ 671% |
| Operating profit (loss)9901 | €9,207 | €5,915 | -€17,691 | €4,945 | ▲ 128% |
| Financial income75/76B | €13 | €6 | €45 | - | - |
| Recurring financial income75 | €13 | €6 | €45 | - | - |
| Financial charges65/66B | €627 | €3,079 | €4,152 | €3,347 | ▼ 19.4% |
| Recurring financial charges65 | €627 | €3,079 | €4,152 | €3,347 | ▼ 19.4% |
| Profit (loss) for the period before taxes9903 | €8,593 | €2,843 | -€21,799 | €1,598 | ▲ 107% |
| Income taxes67/77 | €1,790 | €831 | - | €140 | - |
| Profit (loss) for the period9904 | €6,803 | €2,012 | -€21,799 | €1,458 | ▲ 107% |
| Profit (loss) for the period to be appropriated9905 | €6,803 | €2,012 | -€21,799 | €1,458 | ▲ 107% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €30,229 | €43,800 | €89,594 | €91,005 | ▲ 1.6% |
| Fixed assets21/28 | €3,793 | €16,376 | €72,248 | €55,488 | ▼ 23.2% |
| Tangible fixed assets22/27 | €3,793 | €15,026 | €70,898 | €54,138 | ▼ 23.6% |
| Plant, machinery and equipment23 | - | €1,239 | €964 | €1,755 | ▲ 82.1% |
| Furniture and vehicles24 | - | €11,258 | €68,669 | €52,130 | ▼ 24.1% |
| Other tangible fixed assets26 | €3,793 | €2,529 | €1,264 | €253 | ▼ 80.0% |
| Financial fixed assets28 | - | €1,350 | €1,350 | €1,350 | = |
| Current assets29/58 | €26,436 | €27,424 | €17,346 | €35,517 | ▲ 105% |
| Stocks and contracts in progress3 | - | - | - | €3,850 | - |
| Stocks30/36 | - | - | - | €3,850 | - |
| Amounts receivable within one year40/41 | €15,879 | €19,666 | €9,379 | €15,673 | ▲ 67.1% |
| Trade receivables40 | €15,879 | €16,497 | €6,210 | €12,504 | ▲ 101% |
| Other amounts receivable41 | - | €3,169 | €3,169 | €3,169 | = |
| Cash at bank and in hand54/58 | €10,557 | €7,709 | €7,817 | €15,843 | ▲ 103% |
| Deferred charges and accrued income490/1 | - | €49 | €150 | €150 | = |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €30,229 | €43,800 | €89,594 | €91,005 | ▲ 1.6% |
| Equity10/15 | €11,803 | €13,815 | -€7,983 | -€6,525 | ▲ 18.3% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €6,803 | €8,815 | -€12,983 | -€11,525 | ▲ 11.2% |
| Amounts payable17/49 | €18,426 | €29,985 | €97,577 | €97,530 | = |
| Amounts payable after more than one year17 | - | - | €57,570 | €51,729 | ▼ 10.1% |
| Financial debts170/4 | - | - | €57,570 | €51,729 | ▼ 10.1% |
| Amounts payable within one year42/48 | €18,426 | €29,985 | €40,007 | €45,801 | ▲ 14.5% |
| Current portion of amounts payable after more than one year42 | - | - | €6,536 | €6,647 | ▲ 1.7% |
| Trade debts44 | €5,070 | €15,774 | €12,673 | €12,754 | ▲ 0.6% |
| Suppliers440/4 | €5,070 | €15,774 | €12,673 | €12,754 | ▲ 0.6% |
| Taxes, remuneration and social security45 | €11,380 | €7,915 | €10,460 | €26,396 | ▲ 152% |
| Taxes450/3 | €11,380 | €7,915 | €9,418 | €26,396 | ▲ 180% |
| Remuneration and social security454/9 | - | - | €1,042 | - | - |
| Other amounts payable47/48 | €1,976 | €6,296 | €10,339 | €4 | ▼ 100.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,803 | €2,012 | -€21,799 | €1,458 | ▲ 107% |
| + Depreciation and write-downs630 | €1,264 | €2,166 | €17,193 | €20,295 | ▲ 18.0% |
| Operating cash flow (approximation) | €8,068 | €4,178 | -€4,605 | €21,753 | ▲ 572% |
| Investment in fixed assets (approximation) | - | -€14,749 | -€73,065 | -€3,535 | ▲ 95.2% |
| Change in cash | - | -€2,848 | €108 | €8,026 | ▲ 7,358% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 89 days late
2025
30-06
Financial
Back to profitnet €1,458
Net result €1,458 after one loss-making year.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-06
Financial
Weakest financial yearnet -€21,799
Net result drops to -€21,799, the lowest in the series; recovery starts the following year.
15-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
2023
27-01
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Pont-à-Celles · 2 establishment units since 2022
Ground area
520 m²
Building footprint
164 m²
Volume, LiDAR
1,199 m³
2 parcels, Wallonia · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
SPA3
since 20222.327.117.793
Rue de l'Ancien Bourg 12, 1420 Braine-l'Alleud
since 20252.381.870.137
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52065A0194/00F000 | Wallonia | 451 m² | 1 · 101 m² | 7.7 m · 2 fl. |
| 25744E1009/00_000 | Wallonia | 69 m² | 1 · 63 m² | 12.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,708 companies in sector 96230 we hold annual accounts for 627. 433 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
Founded13-01-2022
Fiscal year end30-06
Activities, NACEBEL 2025
96230Day spas, saunas and steam baths
62100Computer programming
62200Computer consultancy and computer facilities management
74120Graphic design and visual communication
93299Other amusement and recreation activities
96220Beauty care and other beauty treatments
Contact
E-mail
sebastien@spa3.be
Phone
+32476078930
Scores and ratios are computed by Checked and are not a credit decision.