SPADA
Dissolution or liquidationSummary
The KBO register records for SPADA the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2025 annual accounts show negative equity (-€84,307) and a net result of -€750.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
181920212425
2018 to 2025 · latest year -€84,307
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-05-2026, 29 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 · 10 filingsDeviation from the deadline
2025
29 d late
2024
on the day
2021
31 d late
2020
on the day
2019
62 d early
2018
39 d early
2017
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Limited-service restaurants, excluding mobile food services sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€128,832▼ 7.8%
2019 · €139,779
EBIT margin
26.0%▼ 4.4pp
2019 · 30.4%
Net result
-€750
2024 · €6,855
Working capital
-€84,307▲ 2.6%
2024 · -€86,544
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120242025
Turnover€139,779=€128,832▼ 7.8%
Operating result€42,498▼ 3.0%€33,446▼ 21.3%€16,909▼ 49.4%€7,106--€750
Net result€38,875▼ 9.1%€32,620above the sector's middle half▼ 16.1%€16,645within the sector's middle half▼ 49.0%€6,855within the sector's middle half--€750within the sector's middle half
EBIT margin30.4%▼ 0.9pp26.0%▼ 4.4pp
Equity-€104,430▲ 27.1%-€71,810below the sector's middle half▲ 31.2%-€55,165below the sector's middle half▲ 23.2%-€83,556below the sector's middle half--€84,307below the sector's middle half▼ 0.9%
Total assets€26,312▼ 18.4%€19,521below the sector's middle half▼ 25.8%€18,102below the sector's middle half▼ 7.3%€3,218below the sector's middle half-€2,405below the sector's middle half▼ 25.3%
Debt€130,742▼ 25.5%€91,331▼ 30.1%€73,267▼ 19.8%€86,774-€86,712▼ 0.1%
Working capital-€125,196▲ 24.7%-€78,621below the sector's middle half▲ 37.2%-€59,160below the sector's middle half▲ 24.8%-€86,544within the sector's middle half--€84,307below the sector's middle half▲ 2.6%
Solvency-396.9%▲ 47.3pp-367.9%below the sector's middle half▲ 29.0pp-304.7%below the sector's middle half▲ 63.1pp
Current ratio0.04=0.04below the sector's middle half=0.08below the sector's middle half▲ 0.03
Return on assets (ROA)147.7%▲ 15.2pp167.1%above the sector's middle half▲ 19.4pp91.9%above the sector's middle half▼ 75.2pp
Staff (FTE)0.20.8below the sector's middle half▲ 300%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €750 after €7,106 in 2024, the lowest result in the available series.
Key figures and ratios
EBITDA
€2,237▼
2024 · €10,105
Cash flow
€2,237▼
2024 · €9,853
Debt ≤ 1 year
€86,712▼
2024 · €86,774
Ratios withheld: a balance sheet total of €2,405 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €139,779 | €128,832 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €6,470 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,951 | €4,855 | €3,842 | €2,999 | €2,988 | ▼ 0.4% |
| Other operating charges640/8 | - | - | €710 | €252 | - | - |
| Gross operating margin9900 | €49,985 | €53,231 | €27,932 | €10,357 | €2,237 | ▼ 78.4% |
| Operating profit (loss)9901 | €42,498 | €33,446 | €16,909 | €7,106 | -€750 | ▼ 111% |
| Financial income75/76B | - | - | €49 | - | - | - |
| Recurring financial income75 | €400 | €52 | €49 | - | - | - |
| Financial charges65/66B | - | - | €314 | €251 | - | - |
| Recurring financial charges65 | €4,023 | €878 | €314 | €251 | - | - |
| Profit (loss) for the period before taxes9903 | €38,875 | €32,620 | €16,645 | €6,855 | -€750 | ▼ 111% |
| Profit (loss) for the period9904 | €38,875 | €32,620 | €16,645 | €6,855 | -€750 | ▼ 111% |
| Profit (loss) for the period to be appropriated9905 | €38,875 | €32,620 | €16,645 | €6,855 | -€750 | ▼ 111% |
| Line | 2019 | 2020 | 2021 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26,312 | €19,521 | €18,102 | €3,218 | €2,405 | ▼ 25.3% |
| Fixed assets21/28 | €20,766 | €15,911 | €13,170 | €2,988 | - | - |
| Tangible fixed assets22/27 | €20,766 | €15,911 | €13,170 | €2,988 | - | - |
| Plant, machinery and equipment23 | - | - | €720 | - | - | - |
| Furniture and vehicles24 | - | - | €466 | - | - | - |
| Other tangible fixed assets26 | - | - | €11,983 | €2,988 | - | - |
| Current assets29/58 | €5,546 | €3,610 | €4,932 | €230 | €2,405 | ▲ 945% |
| Stocks and contracts in progress3 | €643 | €573 | - | - | - | - |
| Amounts receivable within one year40/41 | €995 | €646 | €2,265 | €230 | €2,405 | ▲ 945% |
| Trade receivables40 | - | - | €1,255 | - | €2,175 | - |
| Other amounts receivable41 | - | - | €1,010 | €230 | €230 | = |
| Cash at bank and in hand54/58 | €3,553 | €2,277 | €2,593 | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €75 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26,312 | €19,521 | €18,102 | €3,218 | €2,405 | ▼ 25.3% |
| Equity10/15 | -€104,430 | -€71,810 | -€55,165 | -€83,556 | -€84,307 | ▼ 0.9% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€124,430 | -€91,810 | -€75,165 | -€103,556 | -€104,307 | ▼ 0.7% |
| Amounts payable17/49 | €130,742 | €91,331 | €73,267 | €86,774 | €86,712 | ▼ 0.1% |
| Amounts payable within one year42/48 | €130,742 | €82,231 | €64,093 | €86,774 | €86,712 | ▼ 0.1% |
| Trade debts44 | €4,618 | €9,073 | €5,990 | €3,896 | €3,233 | ▼ 17.0% |
| Suppliers440/4 | - | - | €5,990 | €3,896 | €3,233 | ▼ 17.0% |
| Taxes, remuneration and social security45 | - | - | €2,703 | - | - | - |
| Remuneration and social security454/9 | - | - | €2,703 | - | - | - |
| Other amounts payable47/48 | - | - | €55,400 | €82,878 | €83,478 | ▲ 0.7% |
| Accrued charges and deferred income492/3 | - | - | €9,175 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,875 | €32,620 | €16,645 | €6,855 | -€750 | ▼ 111% |
| + Depreciation and write-downs630 | €4,951 | €4,855 | €3,842 | €2,999 | €2,988 | ▼ 0.4% |
| Operating cash flow (approximation) | €43,826 | €37,475 | €20,486 | €9,853 | €2,237 | ▼ 77.3% |
| Investment in fixed assets (approximation) | - | €0 | -€1,100 | - | - | - |
| Change in cash | - | -€1,276 | €316 | - | - | - |
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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
11-12
Bankruptcy
Judicial dissolution, liquidator appointed
Tribunal de l’entreprise francophone de Bruxelles · event 04-12-2025
30-09
Financial
Weakest financial yearnet -€750
Net result drops to -€750, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
22-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
11-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
06-02
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Elsene · 1 establishment unit since 2001
Ground area
218 m²
Building footprint
86 m²
Volume, LiDAR
1,300 m³
Parcel 21444B0033/00H000, Brussels · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
52 and the Secret Garden
since 20012.098.500.671
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0033/00H000 | Brussels | 218 m² | 1 · 86 m² | 18.5 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
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 and region
A&F BIOFOOD
BE 0540.981.965
Elsene
AGLIO E OLIO
BE 0478.552.567
Elsene
Al Bacha
BE 0502.587.385
Elsene
ALTIN
BE 0427.635.089
Elsene
ARTHUR'S
BE 0476.563.671
Elsene
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,853 companies in sector 56112 we hold annual accounts for 9,777. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded09-08-2001
Fiscal year end30-09
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
47279Other retail sale of food
56111Full-service restaurants
56210Event catering
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.