Financials
- Fiscal year
- 2025
- Total assets
- €172,801
- Loss
- -€190,972
- Solvency
- -1209.8%
Turnover▼ 97.4%
Net result
20182019
Spanbeton
ActiveSummary
The computed 12-month bankruptcy probability of Spanbeton is 3.4% (moderate). The 2025 annual accounts show negative equity (-€2.1m) and a net result of -€190,972. Equity is shrinking by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 6032 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Wholesale trade
NACE 46839NACE 46739Business and other management consultancy NACE 70200
1 site
Size
€172,801total assets 2025
- Equity
- -€2.1m
- Loss
- -€190,972
Structure
- Parent
- VBI Koudekerk BV · 99.84%
- Board
- 3 members
Accounts 35 d early2 of 15 deeds read
Why 49- Loss of €190,972, the second in a row (FY 2025)- Negative equity -€2.1m- 1 change of registered office in 24 months+ Size: total assets €172,801Show the evidence
Checked score
Score 2025
49
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 34% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
0=
equity -1209.8% of total assets
Liquidity
100+9
short-term debt 6.0%
Profitability
0=
return on assets -110.5%
Bankruptcy probability, 12 months
3.4%
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
11-2024: 4.1%highest value
12-2024: 2.8%▼ -31.7% vs 11-2024
01-2025: 2.8%▼ -1.9% vs 12-2024
02-2025: 2.7%▼ -1.7% vs 01-2025
03-2025: 2.6%▼ -3.8% vs 02-2025
04-2025: 2.6%▼ -0.4% vs 03-2025
05-2025: 2.6%▼ -2.2% vs 04-2025
06-2025: 2.5%▼ -3.3% vs 05-2025
07-2025: 2.6%▲ +4.3% vs 06-2025
08-2025: 2.0%▼ -23.5% vs 07-2025
09-2025: 1.8%▼ -6.8% vs 08-2025
10-2025: 1.8%● 0.0% vs 09-2025
11-2025: 1.8%● 0.0% vs 10-2025
12-2025: 1.8%● 0.0% vs 11-2025
01-2026: 1.8%● 0.0% vs 12-2025
02-2026: 1.8%▼ -1.9% vs 01-2026
03-2026: 1.7%▼ -3.5% vs 02-2026
04-2026: 1.7%● 0.0% vs 03-2026
05-2026: 1.7%▼ -4.1% vs 04-2026
06-2026: 1.6%▼ -3.5% vs 05-2026lowest value
07-2026: 3.0%▲ +86.0% vs 06-2026
08-2026: 3.2%▲ +7.6% vs 07-2026
09-2026: 3.6%▲ +11.2% vs 08-2026
10-2026: 3.4%▼ -4.4% vs 09-2026
- Loss of €190,972, the second in a row (FY 2025) raises the probability
- Negative equity -€2.1m raises the probability
- Size: total assets €172,801 lowers the probability for this profile
- 1 change of registered office in 24 months raises the probability
No credit on open account
Liquidity ample (current ratio 16.6 against 5.73 in 2024; short-term debt: 6% of total assets), but 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 46, micro). Better than this share of them on solvency 6%, liquidity 98%, profitability 6%, growth against the median 26%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€2.1m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
15 d early
2023
1 d late
2022
17 d early
2021
106 d late
2020
138 d late
2019
399 d late
← 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 82 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 16 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Appointment: Van Roey-Dubois (director)Permanent representative: VAN ROEY Denis…
- Reappointments: VBI Koudekerk B.V. (director) and…Permanent representative: Antonius Plegt
Key points
- Risk: Negative equityfiscal year 2025: debts exceed assets -€2.1m View
- Risk: 8 loss-making years in a rowloss fiscal year 2025 -€190,972 View
- Caution: Among the weakest 5% on solvencysector median 45.7% · 6,032 companies -1209.8% View
- New directorlatest change 23-06-2026 · 3 in office 1 joined View
- Known shareholderslargest: VBI Koudekerk BV 99.84% 100% View
By topic
Board & ownership
- Board
- 3 members
- Largest shareholder
- VBI Koudekerk BV · 99.84%
- Known shareholders
- 100%
Go to Board & ownership
Timeline
- Events
- 15
- Since
- 2019
- Next accounts
- by 31-07-2027
- 26-06-2026Annual accounts filed
- 23-06-2026Appointment: Van Roey-Dubois (director)
- 11-06-2026Reappointments: VBI Koudekerk B.V. (director) and Eduard…
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Wholesale tradeNACE 46839
- Founded
- 02-12-2013
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 15
- Annual meeting
- First Tuesday of June at 11:00
- Purpose
- (a) la création, la participation sous quelque forme que ce soit, la gestion et la…
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