SpanCircle
ActiveSpanCircle has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.39M and a net result of €726k. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 1394 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €320k at 30 days acceptable
Liquidity ample (current ratio 17.97 against 18.29 in 2024), and 7.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.4%
Return on assets
19.8%
Age of the figures
14 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
40 d early
2022
173 d early
2021
on the day
2020
170 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close12-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€726k▼ 7.6%
2024 · €786k
2019: €122k
2020: €323k
2021: €799k
2022: €401k
2023: €75k
2024: €786k
2019 → 2025
Working capital
€2.49M▲ 40.3%
2024 · €1.77M
2019: €139k
2020: €280k
2021: €455k
2022: €948k
2023: €959k
2024: €1.77M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.50M-€1.88M▲ 25.6%€1.96M▲ 4.0%€2.73M▲ 39.4%€3.39M▲ 24.4%
Operating result€1.15M-€614k▼ 46.7%€201k▼ 67.3%€149k▼ 26.1%€84k▼ 43.3%
Net result€799k-€401k▼ 49.8%€75k▼ 81.3%€786k▲ 947%€726k▼ 7.6%
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 43% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.67M
Fixed assets
€1.04M▼ 7.3%
Current assets
€2.64M▲ 40.4%
Equity and liabilities €3.67M
Equity
€3.39M▲ 24.4%
Debt
€280k▲ 4.1%
The debt ratio falls from 9.0% to 7.6%: equity grows faster than debt.
Key figures and ratios
EBITDA
€166k▼
2024 · €230k
Cash flow
€808k▼
2024 · €867k
Solvency
92.4%▲
2024 · 91.0%
Current ratio
17.97▼
2024 · 18.29
Quick ratio
17.97▼
2024 · 18.29
Debt / equity
0.08▼
2024 · 0.10
ROE
21.4%▼
2024 · 28.8%
ROA
19.8%▼
2024 · 26.2%
Interest coverage
3.21▼
2024 · 13.51
Debt
€280k▲
2024 · €269k
Debt ≤ 1 year
€147k▲
2024 · €103k
Debt > 1 year
€134k▼
2024 · €167k
Income taxes
€27k▼
2024 · €41k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.00M€3.67M▲
Fixed assets21/28€1.12M€1.04M▼
Tangible fixed assets22/27€1.01M€926k▼
Land and buildings22€951k€911k▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€57k€15k▼
Financial fixed assets28€112k€112k=
Current assets29/58€1.88M€2.64M▲
Amounts receivable after more than one year29€94k€52k▼
Other amounts receivable291€94k€52k▼
Amounts receivable within one year40/41€22k€43k▲
Trade receivables40€21k€17k▼
Other amounts receivable41€728€26k▲
Current investments50/53€1.40M€2.29M▲
Cash at bank and in hand54/58€349k€240k▼
Deferred charges and accrued income490/1€12k€12k▲
Equity and liabilities
Total equity and liabilities10/49€3.00M€3.67M▲
Equity10/15€2.73M€3.39M▲
Contributions10/11€19k€19k=
Reserves13€1.41M€1.35M▼
Distributable reserves133€1.41M€1.35M▼
Profit (loss) carried forward14€1.30M€2.02M▲
Amounts payable17/49€269k€280k▲
Amounts payable after more than one year17€167k€134k▼
Financial debts170/4€167k€133k▼
Other amounts payable178/9-€995
Amounts payable within one year42/48€103k€147k▲
Current portion of amounts payable after more than one year42€34k€34k▲
Trade debts44€11k€11k▼
Suppliers440/4€11k€11k▼
Taxes, remuneration and social security45€11k€3k▼
Taxes450/3€11k€3k▼
Other amounts payable47/48€46k€99k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€81k€82k▲
Other operating charges640/8€179€186▲
Gross operating margin9900€230k€166k▼
Operating profit (loss)9901€149k€84k▼
Financial income75/76B€695k€721k▲
Recurring financial income75€695k€721k▲
Financial charges65/66B€17k€52k▲
Recurring financial charges65€17k€52k▲
Profit (loss) for the period before taxes9903€827k€753k▼
Income taxes67/77€41k€27k▼
Profit (loss) for the period9904€786k€726k▼
Profit (loss) for the period to be appropriated9905€786k€726k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.30M€2.02M▲
Profit (loss) brought forward from the previous period14P€513k€1.30M▲
Transfer from equity791/2€15k€60k▲
Profit to be distributed694/7€15k€60k▲
Return on contributions (dividend)694€15k€60k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Liquidity doublescurrent ratio 18.29
Current ratio from 9.09 to 18.29; short-term debt falls from €119k to €103k.
30-06
Financial
Equity above €2MEq €2.73M ▲39.4%
6 profitable years in a row build equity to €2.73M.
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Weakest financial yearnet €75k ▼81.3%
Net result drops to €75k, the lowest in the series; recovery starts the following year.
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
Financial
Highest result since 2019net €799k ▲148%
Operating result €1.15M, net result €799k, both a record.
30-06
Financial
Equity above €1MEq €1.50M ▲114%
3 profitable years in a row build equity to €1.50M.
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
30-06
Financial
Equity above €500kEq €699k ▲85.6%
2 profitable years in a row build equity to €699k.
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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, Marche-en-Famenne · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Waha, Rue Sainte-Barbe 376900 Marche-en-FamenneGround area
998 m²
Building footprint
76 m²
Parcel 83053C0440/00E010, Wallonia. Linked by address, not a title deed.
1 establishment unit
SpanCircle
since 20082.170.994.216
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83053C0440/00E010 | Wallonia | 998 m² | 1 · 76 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,880 companies in sector 62200 we hold annual accounts for 18,324. 2,903 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-05-2008
Fiscal year end30-06
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.