Losses
-€332,803 in five years
Every financial year from 2021 to 2025 closed with a loss. 2022 was the heaviest.
SpaceX
Lifetime
5 annual accounts with figures on one time axispeak €80,005 (2024)
€24,306▼ 69.6%
lowest -€141,799 (2022)
-€54,876▲ €41,696
peak €1.8m (2024)
€1.7m▼ 3.1%
€1.5m▼ 3.6%
Board5 names since 2021
2 directorsBARBIEAUX Joachim Jean-François and 1 other
Documentsfilings and deeds
30-09-202661 days late
2025micro format
Gross margin from €80,005 to €24,306Loss of €54,876Cash from €70 to €5
Key points
from the 2025 annual accountsFilings
5 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
At the same address
69 companies
Checked score
51
Fair
Financially stronger than 32% of small companies without a NACE code
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.0%
01-2025: 3.0%● unchanged vs 12-2024
02-2025: 3.0%● unchanged vs 01-2025
03-2025: 2.9%▼ -0.1 percentage points vs 02-2025
04-2025: 2.7%▼ -0.2 percentage points vs 03-2025
05-2025: 2.7%● unchanged vs 04-2025
06-2025: 2.8%▲ +0.1 percentage points vs 05-2025
07-2025: 2.7%▼ -0.1 percentage points vs 06-2025
08-2025: 3.5%▲ +0.8 percentage points vs 07-2025
09-2025: 3.9%▲ +0.4 percentage points vs 08-2025
10-2025: 5.3%▲ +1.4 percentage points vs 09-2025
11-2025: 5.6%▲ +0.3 percentage points vs 10-2025
12-2025: 6.5%▲ +0.9 percentage points vs 11-2025highest value
01-2026: 3.1%▼ -3.4 percentage points vs 12-2025
02-2026: 3.1%● unchanged vs 01-2026
03-2026: 3.0%▼ -0.1 percentage points vs 02-2026
04-2026: 2.8%▼ -0.2 percentage points vs 03-2026
05-2026: 2.8%● unchanged vs 04-2026
06-2026: 2.8%● unchanged vs 05-2026
07-2026: 2.7%▼ -0.1 percentage points vs 06-2026
08-2026: 3.4%▲ +0.7 percentage points vs 07-2026
09-2026: 3.7%▲ +0.3 percentage points vs 08-2026
10-2026: 2.5%▼ -1.2 percentage points vs 09-2026lowest value
11-2026: 2.5%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.05, cash €5, halved
Last filed accounts filed 61 days late; 3 of the last 3 accounts late
No registered site in the KBO
lowers risk
Size: total assets €3.2m
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, small). It does better than 49% of them on solvency, 28% on liquidity, 25% on profitability and 27% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 480 companies had the same profile as SpaceX has now. Each dot is one company, two years later.
95.8%
were still trading
3.1%
stopped another way
0.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SpaceX itself is higher: 2.5% within 12 months. It rests on far more data about SpaceX than the profile alone.
Test of the method
The method was tested on the 497,447 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 480 companies, not a prediction for SpaceX. 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.
Credit verdict
Credit of up to €85,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.05 (0.03 in 2024), below 1. Short-term debt is 25.2% and cash 0% of total assets. 47% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year -€54,876
raises risk · 2025 accounts filed 61 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
61 days late
2024
124 days late
2023
68 days late
2022
66 days late
2021
115 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 5 accounts on average 87 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 October (4 of the last 5 accounts filed within 46 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0779823778
Incorporation · Resignations & appointments
Registered office moved from Luxembourg to Brussels · New registered office: Bruxelles (1050 Bruxelles) (Belgique), Avenue Louise 283 bte 19 · Previous registered office: 5, rue de Bonnevoie 12, 1260 Luxembourg, Grand-Duché de Luxembourg · published on 17-01-2022 · Gazette deed
Official details
Source: KBO- Status
- Active since 28-12-2021Normal situation
- Registered office
- 70 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- “La Société a pour objet la prise de participations dans d'autres sociétés ou entreprises…” (deed in French)From the articles, 4 activitiesNo NACE code in the KBO yet
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2025
Insights on SpaceX
SpaceX files the micro format. That format states no turnover. The gross margin rose from -€820 in 2021 to €24,306 in 2025.
The balance sheet grew most in 2024 through fixed assets.
In January 2022, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SpaceX
- What is the company number of SpaceX?
- The company number of SpaceX is 0779.823.778. The VAT number is the same number with BE in front: BE 0779.823.778.
- Where is SpaceX based?
- The registered office is at Louizalaan 283, 1050 Brussels.Company details
- What is the legal form of SpaceX?
- SpaceX is a private limited company (BV).
- When was SpaceX founded?
- SpaceX was founded on 28-12-2021.
- Is SpaceX still active?
- Yes, SpaceX is an active enterprise in the KBO register.
- What is the turnover of SpaceX?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €24,306 and 6,297 comparable companies of the same size. It probably lies between €85,000 and €440,000. It is a rough estimate.Financials
- Is SpaceX profitable?
- In financial year 2025, SpaceX made a loss of €54,876.
- Where can I find the annual accounts of SpaceX?
- SpaceX filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SpaceX due?
- SpaceX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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