SPARAGUS
ActiveSummary
SPARAGUS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €635,464 and a net result of €293,841. Equity is growing by ~34% per year across the filed fiscal years. Its solvency ranks better than 22% of 8782 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+3
Solvency44▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.2 in 2024; short-term debt: 81.1% and cash: 6.1% of total assets), and 81.1% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
18.9%
Return on assets
8.7%
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 22% of 8782 sector peers (2025).
NBB · sector comparisonPosition among 8782 sector peers
Solvency
better than 22%
← weakest
strongest →
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 29-07-2026, 2 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
2 d early
2024
18 d late
2023
22 d late
2022
29 d late
2021
4 d early
2020
31 d late
2019
182 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 39 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 18 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€3.3m
EBIT margin
1.5%
Net result
€293,841▲ 104%
2024 · €143,741
Working capital
€616,536▲ 69.3%
2024 · €364,120
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€213,791▲ 343%€312,012▲ 45.9%€76,959▼ 75.3%€222,384▲ 189%€403,252▲ 81.3%
Net result€115,151within the sector's middle half▲ 293%€214,171within the sector's middle half▲ 86.0%€36,005within the sector's middle half▼ 83.2%€143,741within the sector's middle half▲ 299%€293,841above the sector's middle half▲ 104%
EBIT margin
Equity€167,707within the sector's middle half▲ 219%€291,878within the sector's middle half▲ 74.0%€327,882within the sector's middle half▲ 12.3%€391,623within the sector's middle half▲ 19.4%€635,464within the sector's middle half▲ 62.3%
Total assets€1.3mwithin the sector's middle half▲ 68.7%€1.3mwithin the sector's middle half▲ 5.1%€1.6mwithin the sector's middle half▲ 16.9%€2.2mwithin the sector's middle half▲ 43.1%€3.4mabove the sector's middle half▲ 51.2%
Debt€1.1m▲ 57.4%€1.0m▼ 5.4%€1.2m▲ 18.2%€1.8m▲ 49.5%€2.7m▲ 48.8%
Working capital€151,207within the sector's middle half▲ 263%€269,558within the sector's middle half▲ 78.3%€300,264within the sector's middle half▲ 11.4%€364,120within the sector's middle half▲ 21.3%€616,536above the sector's middle half▲ 69.3%
Solvency13.2%below the sector's middle half▲ 6.2pp21.9%within the sector's middle half▲ 8.7pp21.1%below the sector's middle half▼ 0.9pp17.6%below the sector's middle half▼ 3.5pp18.9%below the sector's middle half▲ 1.3pp
Current ratio1.14within the sector's middle half▲ 0.081.26within the sector's middle half▲ 0.121.24within the sector's middle half▼ 0.011.20within the sector's middle half▼ 0.051.23within the sector's middle half▲ 0.03
Return on assets (ROA)9.1%within the sector's middle half▲ 5.2pp16.1%above the sector's middle half▲ 7.0pp2.3%within the sector's middle half▼ 13.8pp6.5%within the sector's middle half▲ 4.1pp8.7%within the sector's middle half▲ 2.3pp
Staff (FTE)4.3within the sector's middle half▼ 14.0%4.6within the sector's middle half▲ 7.0%5.2within the sector's middle half▲ 13.0%6within the sector's middle half▲ 15.4%10.2above the sector's middle half▲ 70.0%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +104% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 81% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.4m
Fixed assets
€18,928 ▼ 31.2%
Current assets
€3.3m ▲ 52.2%
Equity and liabilities €3.4m
Equity
€635,464 ▲ 62.3%
Debt
€2.7m ▲ 48.8%
Debt's share of the balance-sheet total falls from 82.4% to 81.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€416,256▲
2024 · €236,585
Cash flow
€306,845▲
2024 · €157,942
Debt to equity
4.30▼
2024 · 4.69
ROE
46.2%▲
2024 · 36.7%
Interest coverage
34.05▲
2024 · 17.44
Debt ≤ 1 year
€2.7m▲
2024 · €1.8m
Income taxes
€98,183▲
2024 · €65,347
Staff costs
€964,119▲
2024 · €561,364
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,684 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,684 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,102 | €2,924 | €14,007 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €306,887 | €383,024 | €476,731 | €561,364 | €964,119 | ▲ 71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,929 | €13,401 | €12,158 | €14,202 | €13,004 | ▼ 8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €4,218 | -€4,218 | €0 | - | - |
| Other operating charges640/8 | €12,871 | €11,227 | €18,635 | €7,800 | €3,493 | ▼ 55.2% |
| Gross operating margin9900 | €543,478 | €723,882 | €580,264 | €805,750 | €1.4m | ▲ 71.7% |
| Operating profit (loss)9901 | €213,791 | €312,012 | €76,959 | €222,384 | €403,252 | ▲ 81.3% |
| Financial income75/76B | €1,924 | €2,167 | €1,420 | €270 | €996 | ▲ 268% |
| Recurring financial income75 | €1,924 | €2,167 | €1,420 | €270 | €996 | ▲ 268% |
| Financial charges65/66B | €45,088 | €4,366 | €9,227 | €13,567 | €12,224 | ▼ 9.9% |
| Recurring financial charges65 | €45,088 | €4,366 | €9,227 | €13,567 | €12,224 | ▼ 9.9% |
| Profit (loss) for the period before taxes9903 | €170,627 | €309,814 | €69,152 | €209,088 | €392,024 | ▲ 87.5% |
| Income taxes67/77 | €55,475 | €95,643 | €33,147 | €65,347 | €98,183 | ▲ 50.2% |
| Profit (loss) for the period9904 | €115,151 | €214,171 | €36,005 | €143,741 | €293,841 | ▲ 104% |
| Profit (loss) for the period to be appropriated9905 | €115,151 | €214,171 | €36,005 | €143,741 | €293,841 | ▲ 104% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.3m | €1.6m | €2.2m | €3.4m | ▲ 51.2% |
| Fixed assets21/28 | €16,499 | €22,319 | €27,619 | €27,503 | €18,928 | ▼ 31.2% |
| Intangible fixed assets21 | - | - | €8,164 | €6,382 | €4,601 | ▼ 27.9% |
| Tangible fixed assets22/27 | €16,499 | €22,319 | €19,455 | €21,121 | €14,327 | ▼ 32.2% |
| Plant, machinery and equipment23 | - | - | - | - | €1,540 | - |
| Furniture and vehicles24 | €16,499 | €22,319 | €19,455 | €21,121 | €12,787 | ▼ 39.5% |
| Current assets29/58 | €1.3m | €1.3m | €1.5m | €2.2m | €3.3m | ▲ 52.2% |
| Amounts receivable within one year40/41 | €858,396 | €991,609 | €1.3m | €1.9m | €2.9m | ▲ 55.0% |
| Trade receivables40 | €781,922 | €926,016 | €1.3m | €1.8m | €2.8m | ▲ 55.2% |
| Other amounts receivable41 | €76,473 | €65,593 | €31,818 | €25,877 | €35,663 | ▲ 37.8% |
| Cash at bank and in hand54/58 | €375,625 | €309,479 | €179,799 | €322,895 | €204,000 | ▼ 36.8% |
| Deferred charges and accrued income490/1 | €15,983 | €7,434 | €25,910 | €25,171 | €273,757 | ▲ 988% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.6m | €2.2m | €3.4m | ▲ 51.2% |
| Equity10/15 | €167,707 | €291,878 | €327,882 | €391,623 | €635,464 | ▲ 62.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €3,100 | €285,678 | €321,682 | €385,423 | €629,264 | ▲ 63.3% |
| Non-distributable reserves130/1 | €3,100 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €3,100 | €0 | - | - | - | - |
| Distributable reserves133 | - | €285,678 | €321,682 | €385,423 | €629,264 | ▲ 63.3% |
| Profit (loss) carried forward14 | €158,407 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €1.1m | €1.0m | €1.2m | €1.8m | €2.7m | ▲ 48.8% |
| Amounts payable within one year42/48 | €1.1m | €1.0m | €1.2m | €1.8m | €2.7m | ▲ 48.8% |
| Current portion of amounts payable after more than one year42 | €100,000 | €90,000 | €0 | - | - | - |
| Financial debts43 | €290,000 | €350,000 | €571,662 | €736,599 | €1.4m | ▲ 86.8% |
| Credit institutions430/8 | €290,000 | €350,000 | €571,662 | €736,599 | €1.4m | ▲ 86.8% |
| Trade debts44 | €532,620 | €452,058 | €512,109 | €900,350 | €1.0m | ▲ 14.9% |
| Suppliers440/4 | €532,620 | €452,058 | €512,109 | €900,350 | €1.0m | ▲ 14.9% |
| Taxes, remuneration and social security45 | €122,943 | €143,922 | €144,352 | €172,852 | €270,775 | ▲ 56.7% |
| Taxes450/3 | €81,429 | €99,317 | €100,078 | €91,793 | €138,081 | ▲ 50.4% |
| Remuneration and social security454/9 | €41,515 | €44,605 | €44,274 | €81,059 | €132,694 | ▲ 63.7% |
| Other amounts payable47/48 | €53,233 | €2,984 | €0 | €25,860 | €50,000 | ▲ 93.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €115,151 | €214,171 | €36,005 | €143,741 | €293,841 | ▲ 104% |
| + Depreciation and write-downs630 | €9,929 | €13,401 | €12,158 | €14,202 | €13,004 | ▼ 8.4% |
| Operating cash flow (approximation) | €125,081 | €227,572 | €48,163 | €157,942 | €306,845 | ▲ 94.3% |
| Investment in fixed assets (approximation) | - | -€19,221 | -€17,457 | -€14,085 | -€4,430 | ▲ 68.6% |
| Change in cash | - | -€66,146 | -€129,680 | €143,096 | -€118,895 | ▼ 183% |
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
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €293,841 ▲104%
Operating result €403,252, net result €293,841, both a record.
31-12
Financial
Equity above €500,000Eq €635,464 ▲62.3%
7 profitable years in a row build equity to €635,464.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 18 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Equity above €200,000Eq €291,878 ▲74%
4 profitable years in a row build equity to €291,878.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €150,000Eq €167,707 ▲219%
3 profitable years in a row build equity to €167,707.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 182 days late
2020
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 339 days late
2019
31-12
Financial
Back to profitnet €7,097
Net result €7,097 after one loss-making year.
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
No directors read yet: 0 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2017
Ground area
1,683 m²
Building footprint
2,433 m²
Volume, LiDAR
61,492 m³
Parcel 21807G0007/00R000, Brussels · tallest building 35.6 m, ±9 floors. Linked by address, not a title deed.
463
companies at this address
See who is registered here
1 establishment unit
SPARAGUS
since 20172.267.575.433
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0007/00R000 | Brussels | 1,683 m² | 1 · 2,433 m² | 35.6 m · 9 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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
25.16%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,601 companies in this sector we hold annual accounts for 52,615. 32,542 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded15-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
backoffice@sparagus.beElsene
E-invoicing
Reachable via Peppol
Peppol ID
0208:0675704968
Also
9925:BE0675704968
Registered
16-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.