Financials
- Fiscal year
- 2025
- Total assets
- €508,586
- Profit
- €133,624
- Solvency
- 28.2%
Spacerglass
ActiveSummary
Spacerglass has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €143,624 and a net result of €133,624. Its solvency ranks better than 29% of 182 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Activity
Manufacture of textiles
NACE 13200
1 site
Size
€508,586total assets 2025
- Staff
- 2.8 FTE
- Equity
- €143,624
- Profit
- €133,624
Turnover not published (abridged schema)
Structure
Accounts filed 61 d late0 of 1 deed read
Why 69- Latest accounts 61 days late; 1 of the last 3 late- Founded in 2025- Size: 2.8 FTE, total assets €508,586+ Sector Manufacture of textiles (NACE 13)Show the evidence
Checked score
Score 2025
69
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 49% of its sector peers (NACE 13, micro)
Performance against the sector, not lower risk
Financial strength
Strong
Solvency
53
equity 28.2% of total assets
Liquidity
28
short-term debt 71.8% · cash 12.9%
Profitability
100
return on assets 26.3%
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
03-2026: 0.6%lowest value
04-2026: 0.6%▲ +3.0% vs 03-2026
05-2026: 0.6%▲ +0.2% vs 04-2026
06-2026: 0.7%▲ +8.9% vs 05-2026
07-2026: 0.7%▲ +0.6% vs 06-2026
08-2026: 0.8%▲ +12.6% vs 07-2026
09-2026: 0.8%▲ +11.6% vs 08-2026highest value
10-2026: 0.7%▼ -15.1% vs 09-2026
- Sector Manufacture of textiles (NACE 13) lowers the probability
- Latest accounts 61 days late; 1 of the last 3 late raises the probability
- Founded in 2025 raises the probability for this profile
- Size: 2.8 FTE, total assets €508,586 raises the probability for this profile
Credit up to €9,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.39; short-term debt: 71.8% and cash: 12.9% of total assets), and 71.8% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 13, micro). Better than this share of them on solvency 32%, liquidity 18%, profitability 95%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 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 · 1 filingDeviation from the deadline
2025
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
- Annual accounts filedfiscal year 2025 · abbreviated…
Key points
By topic
Timeline
- Events
- 1
- Since
- 2026
- 30-09-2026Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Manufacture of textilesNACE 13200
- Founded
- 04-02-2025
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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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 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 Is the workforce growing, and do people stay?Employer check
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