SPANCO
ActiveSummary
SPANCO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €61,682 and a net result of -€22,985. Equity is growing by ~41.3% per year across the filed fiscal years. Its solvency ranks better than 53% of 15862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability25▼-54
Solvency68▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.42 in 2023; short-term debt: 23.1% and cash: 16% of total assets), and 56.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
43.3%
Return on assets
-16.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2025, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
35 d early
2022
46 d early
2021
52 d early
2020
33 d early
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 33 days before 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€61,682▼ 27.1%
2023 · €84,667
Total assets
€142,593▼ 26.6%
2023 · €194,280
Net result
-€22,985
2023 · €16,227
Working capital
€8,918▼ 53.3%
2023 · €19,093
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€8,617▼ 51.6%€18,578▲ 116%€57,477▲ 209%€23,285▼ 59.5%-€19,398
Net result€4,500▼ 62.2%€12,755▲ 183%€41,347▲ 224%€16,227▼ 60.8%-€22,985
Equity€16,005▲ 39.1%€28,760▲ 79.7%€70,106▲ 144%€84,667▲ 20.8%€61,682▼ 27.1%
Total assets€99,773▼ 14.3%€78,349▼ 21.5%€106,240▲ 35.6%€194,280▲ 82.9%€142,593▼ 26.6%
Debt€83,769▼ 20.2%€49,590▼ 40.8%€36,133▼ 27.1%€109,613▲ 203%€80,911▼ 26.2%
Working capital€1,185€20,373▲ 1,619%€61,966▲ 204%€19,093▼ 69.2%€8,918▼ 53.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €19,398 after €23,285 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €142,593
Fixed assets
€100,692 ▼ 22.1%
Current assets
€41,901 ▼ 35.6%
Equity and liabilities €142,593
Equity
€61,682 ▼ 27.1%
Debt
€80,911 ▼ 26.2%
Debt's share of the balance-sheet total rises from 56.4% to 56.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9,545▼
2023 · €32,496
Cash flow
€5,959▼
2023 · €25,437
Current ratio
1.27▼
2023 · 1.42
Debt to equity
1.31▲
2023 · 1.29
ROE
-37.3%▼
2023 · 19.2%
ROA
-16.1%▼
2023 · 8.4%
Interest coverage
2.97▼
2023 · 26.49
Debt ≤ 1 year
€32,983▼
2023 · €45,982
Debt > 1 year
€47,927▼
2023 · €63,557
Income taxes
€375▼
2023 · €5,832
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.9%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,815 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,764 | €26,459 | €22,322 | €9,211 | €28,943 | ▲ 214% |
| Other operating charges640/8 | - | €1,363 | €1,208 | €1,220 | €517 | ▼ 57.6% |
| Gross operating margin9900 | €41,414 | €46,401 | €81,007 | €33,715 | €10,062 | ▼ 70.2% |
| Operating profit (loss)9901 | €8,617 | €18,578 | €57,477 | €23,285 | -€19,398 | ▼ 183% |
| Financial income75/76B | - | €1 | - | - | - | - |
| Recurring financial income75 | €1 | €1 | - | - | - | - |
| Financial charges65/66B | - | €1,888 | €871 | €1,227 | €3,211 | ▲ 162% |
| Recurring financial charges65 | €2,447 | €1,888 | €871 | €1,227 | €3,211 | ▲ 162% |
| Profit (loss) for the period before taxes9903 | €6,171 | €16,691 | €56,606 | €22,058 | -€22,609 | ▼ 202% |
| Income taxes67/77 | €1,671 | €3,936 | €15,259 | €5,832 | €375 | ▼ 93.6% |
| Profit (loss) for the period9904 | €4,500 | €12,755 | €41,347 | €16,227 | -€22,985 | ▼ 242% |
| Profit (loss) for the period to be appropriated9905 | €4,500 | €12,755 | €41,347 | €16,227 | -€22,985 | ▼ 242% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €99,773 | €78,349 | €106,240 | €194,280 | €142,593 | ▼ 26.6% |
| Fixed assets21/28 | €46,564 | €24,362 | €8,140 | €129,205 | €100,692 | ▼ 22.1% |
| Intangible fixed assets21 | €5,704 | - | - | - | - | - |
| Tangible fixed assets22/27 | €40,860 | €24,362 | €8,140 | €129,205 | €100,692 | ▼ 22.1% |
| Plant, machinery and equipment23 | - | - | €3,059 | €2,318 | €1,577 | ▼ 32.0% |
| Furniture and vehicles24 | - | €24,362 | €5,081 | €125,503 | €98,050 | ▼ 21.9% |
| Other tangible fixed assets26 | - | - | - | €1,384 | €1,064 | ▼ 23.1% |
| Current assets29/58 | €53,209 | €53,987 | €98,099 | €65,075 | €41,901 | ▼ 35.6% |
| Amounts receivable within one year40/41 | €10,187 | €12,389 | €26,132 | €16,905 | €16,489 | ▼ 2.5% |
| Trade receivables40 | - | €10,325 | €24,068 | €12,849 | €16,465 | ▲ 28.1% |
| Other amounts receivable41 | - | €2,064 | €2,064 | €4,055 | €25 | ▼ 99.4% |
| Cash at bank and in hand54/58 | €40,630 | €39,119 | €68,906 | €45,319 | €22,829 | ▼ 49.6% |
| Deferred charges and accrued income490/1 | - | €2,479 | €3,061 | €2,851 | €2,582 | ▼ 9.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €99,773 | €78,349 | €106,240 | €194,280 | €142,593 | ▼ 26.6% |
| Equity10/15 | €16,005 | €28,760 | €70,106 | €84,667 | €61,682 | ▼ 27.1% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €9,805 | €22,560 | €63,906 | €78,467 | €55,482 | ▼ 29.3% |
| Amounts payable17/49 | €83,769 | €49,590 | €36,133 | €109,613 | €80,911 | ▼ 26.2% |
| Amounts payable after more than one year17 | €31,745 | €15,976 | - | €63,557 | €47,927 | ▼ 24.6% |
| Financial debts170/4 | - | €15,976 | - | €63,557 | €47,927 | ▼ 24.6% |
| Amounts payable within one year42/48 | €52,024 | €33,613 | €36,133 | €45,982 | €32,983 | ▼ 28.3% |
| Current portion of amounts payable after more than one year42 | - | €15,769 | €15,976 | €15,002 | €15,630 | ▲ 4.2% |
| Trade debts44 | €1,885 | €2,098 | €936 | €746 | €1,068 | ▲ 43.2% |
| Suppliers440/4 | - | €2,098 | €936 | €746 | €1,068 | ▲ 43.2% |
| Taxes, remuneration and social security45 | - | €3,970 | €13,074 | €18,722 | €7,091 | ▼ 62.1% |
| Taxes450/3 | - | €2,970 | €11,670 | €11,288 | €4,791 | ▼ 57.6% |
| Remuneration and social security454/9 | - | €1,000 | €1,403 | €7,434 | €2,300 | ▼ 69.1% |
| Other amounts payable47/48 | - | €11,776 | €6,147 | €11,512 | €9,195 | ▼ 20.1% |
| Accrued charges and deferred income492/3 | - | - | - | €74 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,500 | €12,755 | €41,347 | €16,227 | -€22,985 | ▼ 242% |
| + Depreciation and write-downs630 | €26,764 | €26,459 | €22,322 | €9,211 | €28,943 | ▲ 214% |
| Operating cash flow (approximation) | €31,264 | €39,214 | €63,669 | €25,437 | €5,959 | ▼ 76.6% |
| Investment in fixed assets (approximation) | - | -€4,258 | -€6,100 | -€130,276 | -€430 | ▲ 99.7% |
| Change in cash | - | -€1,511 | €29,787 | -€23,587 | -€22,490 | ▲ 4.6% |
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
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€22,985
Net result drops to -€22,985, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €41,347 ▲224%
Operating result €57,477, net result €41,347, both a record.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 1.02
Current ratio from 0.41 to 1.02; short-term debt falls from €104,920 to €52,024.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Chaumont-Gistoux · 1 establishment unit since 2015
Ground area
1,966 m²
Building footprint
160 m²
Volume, LiDAR
1,071 m³
Parcel 25058C0507/00F000, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SPANCO
since 20152.239.486.807
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25058C0507/00F000 ProtectedSite or landscape |
Wallonia | 1,966 m² | 1 · 160 m² | 9.1 m · 2 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 1,136 companies in sector 46130 we hold annual accounts for 646. 500 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
46130Agents in the wholesale of timber and building materials
46150Agents in the wholesale of furniture, household goods and hardware
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0598806833
Registered
31-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.