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SPANHERMES

Active
Private limited companyfounded 20241 yr activeItterbeekse Laan 229, 1070 Anderlecht, BelgiumKBO/BCE: BE 1015.225.259
Summary

The computed 12-month bankruptcy probability of SPANHERMES is 2.9% (moderate). The 2025 annual accounts show equity of €21,495 and a net result of -€20,505. Its solvency ranks better than 18% of 975 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability14
Solvency30
Growth-
Track record67
Bankruptcy probability, 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.05; short-term debt: 17.1% and cash: 17.4% of total assets), and 94.5% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
5.5%
Return on assets
-5.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 975 sector peers (2025).
NBB · sector comparison
Position among 975 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 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 · 1 filing
Deviation from the deadline
2025
53 d late
← before the deadline after the deadline →
Checked, nothing found (1)
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

History

On 17 October 2024, SPANHERMES was incorporated as a Private limited company.1 Alexandros tsouvala has served as director of the company since 2026.2 The company has filed annual accounts once, for fiscal year 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 13-08-2026
  3. 3National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€21,495
Total assets
€392,333
Net result
-€20,505
Working capital
€3,113

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €392,333
Fixed assets €322,094
Current assets €70,239
Equity and liabilities €392,333
Equity €21,495
Debt €370,839
Debt finances 94.5% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€4,225
Cash flow
-€12,996
Current ratio
1.05
Debt to equity
17.25
ROE
-95.4%
ROA
-5.2%
Interest coverage
0.25
Debt ≤ 1 year
€67,125
Debt > 1 year
€303,713

Peer companies

Historical observation

Of the 280 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a small loss
1.1% went bankrupt
3.2% stopped otherwise
96% still going

For this company itself Checked computes a higher bankruptcy probability: 2.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 280 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
Filed annual accounts As filed with the NBB · 2025 · 28 lines
Balance sheet Code2025
Assets
Total assets20/58€392,333
Fixed assets21/28€322,094
Tangible fixed assets22/27€322,094
Land and buildings22€322,094
Current assets29/58€70,239
Amounts receivable within one year40/41€2,159
Trade receivables40€2,159
Cash at bank and in hand54/58€68,080
Equity and liabilities
Total equity and liabilities10/49€392,333
Equity10/15€21,495
Contributions10/11€42,000
Profit (loss) carried forward14-€20,505
Amounts payable17/49€370,839
Amounts payable after more than one year17€303,713
Financial debts170/4€303,713
Amounts payable within one year42/48€67,125
Current portion of amounts payable after more than one year42€17,100
Other amounts payable47/48€50,025
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,510
Other operating charges640/8€2,042
Gross operating margin9900€6,267
Operating profit (loss)9901-€3,284
Financial charges65/66B€17,221
Recurring financial charges65€17,221
Profit (loss) for the period before taxes9903-€20,505
Profit (loss) for the period9904-€20,505
Profit (loss) for the period to be appropriated9905-€20,505
Appropriation of the result
Profit (loss) to be appropriated9906-€20,505

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,510
Other operating charges640/8€2,042
Gross operating margin9900€6,267
Operating profit (loss)9901-€3,284
Financial charges65/66B€17,221
Recurring financial charges65€17,221
Profit (loss) for the period before taxes9903-€20,505
Profit (loss) for the period9904-€20,505
Profit (loss) for the period to be appropriated9905-€20,505
Line2025
Assets
Total assets20/58€392,333
Fixed assets21/28€322,094
Tangible fixed assets22/27€322,094
Land and buildings22€322,094
Current assets29/58€70,239
Amounts receivable within one year40/41€2,159
Trade receivables40€2,159
Cash at bank and in hand54/58€68,080
Equity and liabilities
Total equity and liabilities10/49€392,333
Equity10/15€21,495
Contributions10/11€42,000
Profit (loss) carried forward14-€20,505
Amounts payable17/49€370,839
Amounts payable after more than one year17€303,713
Financial debts170/4€303,713
Amounts payable within one year42/48€67,125
Current portion of amounts payable after more than one year42€17,100
Other amounts payable47/48€50,025
Line2025
Profit (loss) for the period9904-€20,505
+ Depreciation and write-downs630€7,510
Operating cash flow (approximation)-€12,996

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
22-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 53 days late
13-08
State Gazette act Appointment: Alexandros tsouvala (director)
2 facts ▸
  • General meeting, 11-08-2026
  • Director appointment, Alexandros tsouvala (director)
State Gazette actNBB filing
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 director, last change in 2026
Alexandros tsouvala
Director · since 11-08-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
180 m²
Building footprint
106 m²
Volume, LiDAR
1,008 m³
Parcel 21001A0328/00S006, Brussels · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Itterbeekse Laan 229, 1070 Anderlecht
Removal services
since 20252.373.257.725
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21001A0328/00S006 Brussels 180 m² 1 · 106 m² 14.0 m · 3 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.

Mandate history

1 person since 2026, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
Alexandros tsouvala
  • Director, from 11-08-2026 to date
See the board, name and seat on a given date →

Structure & network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Similar companies · same sector, comparable size

Of 1,031 companies in sector 52100 we hold annual accounts for 766. 212 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
Founded17-10-2024
Fiscal year end31-12
Activities, NACEBEL 2025
52100Warehousing and storage
49420Removal services
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID 0208:1015225259
Registered 29-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.