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SPAHIU

Active
Private limited company (pre-2019)founded 201016 yrs activeJetse Laan 374, 1090 Jette, BelgiumKBO/BCE: BE 0829.241.518
Summary

The computed 12-month bankruptcy probability of SPAHIU is 4.7% (elevated). The 2025 annual accounts show negative equity (-€101,769) and a net result of -€35,656. Equity is shrinking by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 7% of 16078 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
SPAHIUActiveChecked score 35/100
Risk analysis ReportCompare

Overview

Activity
Cafés and bars
NACE 56301
1 site
Size
€55,176total assets 2025
Equity
-€101,769
Loss
-€35,656
Turnover not published (abridged schema)
Financial health
35 Weak Checked score 2025
Bankruptcy chance 12 m
4.7%
Structure
Accounts filed 28 d late0 of 16 deeds read
Why 35- Loss of €35,656 (FY 2025)- Sector Food and beverage service activities (NACE 56)- Latest accounts 28 days late; 2 of the last 3 late+ Size: total assets €55,176Show the evidence

Checked score

Score 2025
35 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 11% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -184.4% of total assets
Liquidity 16+2
short-term debt 220.6% · cash 12.5%
Profitability 0-70
return on assets -64.6%
Bankruptcy probability, 12 months
4.7% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,529 companies)
Last 24 months 11-2024: 11.4% 12-2024: 11.4%● 0.0% vs 11-2024 01-2025: 11.4%● 0.0% vs 12-2024 02-2025: 11.4%● 0.0% vs 01-2025 03-2025: 11.4%● 0.0% vs 02-2025 04-2025: 11.4%● 0.0% vs 03-2025 05-2025: 11.4%● 0.0% vs 04-2025 06-2025: 11.4%● 0.0% vs 05-2025 07-2025: 11.4%● 0.0% vs 06-2025 08-2025: 11.6%▲ +2.4% vs 07-2025highest value 09-2025: 11.6%● 0.0% vs 08-2025highest value 10-2025: 11.6%● 0.0% vs 09-2025highest value 11-2025: 11.6%● 0.0% vs 10-2025highest value 12-2025: 11.6%● 0.0% vs 11-2025highest value 01-2026: 11.6%▼ -0.7% vs 12-2025 02-2026: 11.6%● 0.0% vs 01-2026 03-2026: 5.0%▼ -56.5% vs 02-2026 04-2026: 5.0%● 0.0% vs 03-2026 05-2026: 4.8%▼ -4.8% vs 04-2026 06-2026: 4.5%▼ -5.3% vs 05-2026 07-2026: 4.5%▼ -0.7% vs 06-2026lowest value 08-2026: 5.2%▲ +14.9% vs 07-2026 09-2026: 4.7%▼ -8.1% vs 08-2026 10-2026: 4.7%● 0.0% vs 09-2026
  • Loss of €35,656 (FY 2025) raises the probability
  • Sector Food and beverage service activities (NACE 56) raises the probability
  • Size: total assets €55,176 lowers the probability for this profile
  • Latest accounts 28 days late; 2 of the last 3 late raises the probability
No credit on open account
Liquidity short (current ratio 0.35 against 0.54 in 2024; short-term debt: 220.6% and cash: 12.5% of total assets), and equity is negative.
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 56, micro). Better than this share of them on solvency 9%, liquidity 13%, profitability 8%, growth against the median 14%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Loss of €35,656 (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Food and beverage service activities (NACE 56)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Size: total assets €55,176
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Latest accounts 28 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
181920212425
2018 to 2025 · latest year -€101,769
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 filings
Deviation from the deadline
2025
28 d late
2024
208 d late
2021
351 d late
2020
30 d late
2019
186 d late
2018
72 d late
2017
159 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 102 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 3 February (4 of the last 5 filed years within 159 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Weakest financial yearnet -€35,656

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€101,769 View
  • Caution: Among the weakest 5% on equitysector median €29,248 · 16,109 companies -€101,769 View
  • Total assets 20256 fiscal years filed €55,176 View

By topic

Financials

Fiscal year
2025
Total assets
€55,176
Loss
-€35,656
Solvency
-184.4%
Go to Financials

Timeline

Events
12
Since
2015
Next accounts
by 31-07-2027
  1. 28-08-2026Annual accounts filed
  2. 24-02-2026Annual accounts filed
  3. 31-12-2025Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Cafés and barsNACE 56301
Founded
14-09-2010
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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