Active BE 0894.876.270Private limited company

SpaCenter

Hoge Mauw 631 ·2370 Arendonk, Belgium· 18 yrs active

Sector: Retail trade (47529)

Conclusion Checked

SpaCenter has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-11k) and a net result of €-17k. Equity is shrinking by ~54.7% per year across the filed fiscal years. Its solvency ranks better than 10% of 9984 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€-11k
Net result	€-17k
Staff (FTE)	0.7
Better than sector	10%

Financial profile 5 of 5 axes measured · computed by Checked

61 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 30

Profitability 100

Solvency 43

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.9% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2008, 18 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

30 / 100 Weak

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score history

73 2021

69 2022

32 2023

32 2024

30 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.94 (< 1.0) -10

Equity Negative equity -25

Profitability ROE 154% (≥ 10%) +10

Profit trend Net profit up YoY +5

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview18 NBB filings

Annual accounts filed on 28-07-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~54.7%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	-6.4%	37.6%	better than 10% of 9984 sector peers
Net result	€-17k	€30k	better than 14% of 9978 sector peers
Equity	€-11k	€260k	better than 10% of 9993 sector peers
Gross operating margin	€6k	€227k	better than 10% of 9958 sector peers
Staff costs	€21k	€158k	higher than 9% of 7572 sector peers

EBITDA

€-33k

- 21-25

Net profit

€-17k

+62.9% 21-25

Cash flow

€-34k

- 21-25

Total assets

€169k

+20.9% 21-25

Equity

€-11k

- 21-25

Working capital

€-11k

- 21-25

Employees (FTE)

1

0.0% 21-25

Staff costs

€21k

+25.1% 21-25

Income taxes

€0

-100.0% 21-25

Debt

€180k

+34.4% 21-25

Debt ≤ 1y

€180k

+34.4% 21-25

Current ratio

0.94

-10.0% 21-25

Quick ratio

0.75

-0.3% 21-25

Solvency

-6.4%

- 21-25

Debt / equity

-16.51

- 21-25

ROE

154.5%

- 21-25

ROA

-10.0%

+69.3% 21-25

Interest coverage

-26.04

- 21-25

Figures by fiscal year and ratios

Change versus the prior fiscal year, coloured by direction (green = favourable).

Fiscal year	2025 Δ	2024 Δ	2023 Δ	2022 Δ	2021 Δ
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema	micro schema
Revenue	-	-	-	-	-
EBITDA	-	-	-	-56.6%	-
Net profit	+62.9%	-32.5%	-	-69.6%	-
Cash flow	-	-	-	-61.5%	-
Staff costs	+25.1%	-18.8%	-1.2%	-1.9%	-
Income taxes	-	-	-100.0%	-64.7%	-
Dividends	-	-	-	-	-
Total assets	+20.9%	-20.5%	-27.1%	-11.7%	-
Equity	-	-88.4%	-40.0%	+5.7%	-
Debt	+34.4%	+7.6%	-19.9%	-19.1%	-
of which ≤ 1y	+34.4%	+7.6%	-19.9%	-19.1%	-
of which > 1y	-	-	-	-	-
Working capital	-	-88.4%	-40.0%	+8.4%	-
Employees (FTE)	0.0%	-65.0%	0.0%	-	-

Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	0.94	1.04	1.41	1.55	1.41
Quick ratio	0.75	0.75	0.80	0.37	0.61
Working capital ratio	-6.4%	4.2%	29.2%	35.5%	28.9%
Solvency	-6.4%	4.2%	29.2%	35.5%	29.7%
Debt / equity	-16.51	22.55	2.42	1.81	2.37
Long-term debt ratio	-	-	-	-	-
Interest coverage	-	-	-26.04	5.27	14.03
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	-10.0%	-32.5%	-19.5%	1.9%	5.6%
ROE	154.5%	-764.8%	-66.8%	5.4%	18.8%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€169k	€140k	€176k	€241k	€273k
Fixed assets	21/28	-	-	-	€0	€2k
Tangible fixed assets	22/27	-	-	-	€0	€2k
Current assets	29/58	€169k	€140k	€176k	€241k	€271k
Stocks & contracts in progress	3	€34k	€39k	€76k	€184k	€154k
Amounts receivable within one year	40/41	€26k	€57k	€29k	€33k	€77k
Cash & bank	54/58	€109k	€43k	€70k	€23k	€40k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€169k	€140k	€176k	€241k	€273k
Equity	10/15	€-11k	€6k	€51k	€86k	€81k
Contributions / capital	10/11	€13k	€13k	€13k	€13k	€13k
Reserves	13	€71k	€71k	€71k	€73k	€68k
Accumulated profits (losses)	14	€-94k	€-77k	€-32k	-	€0
Amounts payable	17/49	€180k	€134k	€124k	€155k	€192k
Amounts payable within one year	42/48	€180k	€134k	€124k	€155k	€192k
Trade debts payable within one year	44	€4k	€10k	€7k	€0	€32k
Income statement
Gross operating margin	9900	€6k	€-23k	€-12k	€33k	€45k
Operating result	9901	€-16k	€-41k	€-33k	€8k	€21k
Financial income	75	€3	€0	€1	€0	€3
Financial charges	65	€980	€5k	€1k	€2k	€2k
Result before taxes	9903	€-17k	€-45k	€-34k	€6k	€20k
Income taxes	67/77	-	-	€0	€2k	€5k
Net result for the period	9904	€-17k	€-45k	€-34k	€5k	€15k
Result to be appropriated	9905	€-17k	€-45k	€-34k	€5k	€15k

Directors & mandates 3 directors

Current directors & mandates

Acs AccountantsLegal entity
Director
State Gazette act 23455437 (13-12-2023)

Current
13-12-2023 → present

Former directors (2)

dEN OUDEN, Hans Hendrik
Director
State Gazette act 23455437 (13-12-2023)

Former
- → 13-12-2023
JANSSENS, Nick Celine Jozef
Director
State Gazette act 23455437 (13-12-2023)

Former
- → 13-12-2023

Legal Structure

NACE primary	Retail trade(47529)
Legal form	Private limited company(610)
Incorporation	10-01-2008
Status	Active
Postal code	2370

Establishment units 1 location

SpaCenter

Hoge Mauw 631, 2370 ArendonkManufacture of chemicals and chemical products

since 20082.168.330.971

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13322C1263/00N000	Flanders	9,283 m²	1 · 1,554 m²	6.6 m · 2 fl.

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.

Updates 11 events

All 12Financial 1Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

15-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 46 days late

2024

31-12

Financial Weakest financial yearnet €-45k

Net result drops to €-45k, the lowest in the series; recovery starts the following year.

22-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 22 days late

2023

13-12

State Gazette act Director changes

Helene Luyten · correction

31-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 31 days late

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

2021

09-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 40 days late

2020

04-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 35 days late

2019

15-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

29-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 29 days late

2017

24-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 24 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

13-12-2023 1 director appointed, 2 resigning Director changes·Helene Luytencorrection

Acs Accountants, Bestuurder
dEN OUDEN, Hans Hendrik, Bestuurder
JANSSENS, Nick Celine Jozef, Bestuurder

Notary: Helene Luyten · Ravels

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "dEN OUDEN, Hans Hendrik",
        "address": "2480 Dessel, Boonhofstraat 11",
        "birth_date": "1972-06-19",
        "profession": null,
        "birth_place": "Drachten, NL"
      },
      "reason": "end_of_term",
      "subkind": null,
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "JANSSENS, Nick Celine Jozef",
        "address": "2370 Arendonk, Roobeek 45",
        "birth_date": "1981-07-23",
        "profession": null,
        "birth_place": "Turnhout"
      },
      "reason": "end_of_term",
      "subkind": null,
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": null,
      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": null,
        "name": "Acs Accountants",
        "address": "2380 Ravels, Grote Baan 201",
        "country": "BE",
        "legal_form": "NV"
      },
      "statutory": "niet_statutair",
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "correction",
      "role": null,
      "person": null,
      "reason": null,
      "subkind": "rectification",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": "Helene Luyten",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Ravels",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-12-13",
    "filing_date": "2023-12-11",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2023-11-22",
      "unanimous": null
    }
  ],
  "is_correction": true,
  "subject_company": {
    "kbo": "0894.876.270",
    "name_full": "SpaCenter",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Helene Luyten",
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "afschrift akte",
    "geco\u00F6rdineerde statuten"
  ],
  "corrected_publication_numac": null
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Retail trade47529Retail sale of other sporting goods47639Retail trade47640General electrical installation work43211Wholesale of clothing, excluding workwear and underwear46423Wholesale trade46496Renting and leasing of sports and recreation goods77210Operation of sports facilities93110

Names & trade names

Legal nameNL

SpaCenter

Similar companies Comparable size · 268 of 378 companies in this sector with filed accounts

Jaro & Jolie BE 0728.709.629 · Deinze

STUCKERS BOUWMATERIALEN BE 0880.458.211 · Antwerpen

ABC Werkbladen BE 0829.197.867 · Pelt

SUNSHIELD Belux BE 1017.475.362 · Brugge

AT INNOVATION BE 0830.272.587 · Baarle-Hertog