Public limited company · founded 1994 · 32 yrs activeAvenue Maurice-Destenay 13, 4000 Liège, BelgiumKBO/BCE: BE 0452.116.307
Summary
SPARAXIS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €194,759. Equity is shrinking by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 934 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability58▼-8
Solvency82▼-10
Growth58=
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.2%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity ample (current ratio 2.3 against 3.04 in 2024; short-term debt: 43.5% and cash: 3% of total assets), and 43.5% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 51 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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.
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
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
SPARAXIS was incorporated on 27 January 1994.1In 2025 the company absorbed SAMANDA by merger.2The company has filed 32 sets of annual accounts, the latest for fiscal year 2025.3
Working capital€2.6m▼ 26.1%€2.7m▲ 2.7%€2.4m▼ 10.2%€2.2m▼ 10.3%€1.4m▼ 37.3%
Why a figure moved sharply
2024Net result +233% on 2023.Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €2.4m
56.5%
43.5%
Equity€1.4m ▼ 37.3%
Debt€1.0m ▼ 1.6%
Debt's share of the balance-sheet total rises from 32.9% to 43.5%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
2.30▼
2024 · 3.04
Debt to equity
0.77▲
2024 · 0.49
ROE
14.4%▼
2024 · 17.1%
ROA
8.1%▼
2024 · 11.5%
Debt ≤ 1 year
€1.0m▼
2024 · €1.1m
Income taxes
€74,233▲
2024 · €67,496
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
Small
20 years or older
solvency 30% or more
a profit of 5% of the balance sheet or more
0.2%went bankrupt
4.7%stopped otherwise
95%still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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%.
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 20,082 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 accountsAs filed with the NBB · 2025 against 2024 · 44 lines
Balance sheetCode20242025
Assets
Total assets20/58€3.2m€2.4m▼
Current assets29/58€3.2m€2.4m▼
Amounts receivable within one year40/41€230,197€212,930▼
Trade receivables40€214,108€212,865▼
Other amounts receivable41€16,089€65▼
Current investments50/53-€2.1m
Cash at bank and in hand54/58€3.0m€71,008▼
Deferred charges and accrued income490/1-€6,778
Equity and liabilities
Total equity and liabilities10/49€3.2m€2.4m▼
Equity10/15€2.2m€1.4m▼
Contributions10/11€273,250€273,250=
Capital10€273,250€273,250=
Issued capital100€1.0m€1.0m=
Uncalled capital101€726,750€726,750=
Reserves13€1.2m€1.1m▼
Non-distributable reserves130/1€100,000€100,000=
Legal reserve130€100,000€100,000=
Distributable reserves133€1.1m€977,734▼
Profit (loss) carried forward14€732,974-
Amounts payable17/49€1.1m€1.0m▼
Amounts payable within one year42/48€1.1m€1.0m▼
Trade debts44€6,319€2,762▼
Suppliers440/4€6,319€2,762▼
Taxes, remuneration and social security45€50,103€36,970▼
Taxes450/3€50,103€36,970▼
Other amounts payable47/48€1.0m€1.0m=
Income statementCode20242025
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€25,505
Other operating charges640/8€660€1,658▲
Gross operating margin9900€201,541€248,646▲
Operating profit (loss)9901€200,881€221,483▲
Financial income75/76B€236,652€48,119▼
Recurring financial income75€63,560€48,119▼
Non-recurring financial income76B€173,092-
Financial charges65/66B€453€610▲
Recurring financial charges65€453€610▲
Profit (loss) for the period before taxes9903€437,079€268,992▼
Income taxes67/77€67,496€74,233▲
Profit (loss) for the period9904€369,583€194,759▼
Profit (loss) for the period to be appropriated9905€369,583€194,759▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.7m€927,734▼
Profit (loss) brought forward from the previous period14P€1.4m€732,974▼
Transfer from equity791/2-€72,266
Profit to be distributed694/7€1.0m€1.0m=
Return on contributions (dividend)694€1.0m€1.0m=
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2021
2022
2023
2024
2025
Change
Non-recurring operating income76A
€31
€11
€50
-
-
-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-
-
-
-
€25,505
-
Other operating charges640/8
€1,308
€868
€220
€660
€1,658
▲ 151%
Gross operating margin9900
€107,784
€90,078
€92,534
€201,541
€248,646
▲ 23.4%
Operating profit (loss)9901
€106,476
€89,210
€92,314
€200,881
€221,483
▲ 10.3%
Financial income75/76B
-
€5,575
€55,758
€236,652
€48,119
▼ 79.7%
Recurring financial income75
-
€5,575
€55,758
€63,560
€48,119
▼ 24.3%
Non-recurring financial income76B
-
-
-
€173,092
-
-
Financial charges65/66B
€353
€355
€271
€453
€610
▲ 34.6%
Recurring financial charges65
€353
€355
€271
€453
€610
▲ 34.6%
Profit (loss) for the period before taxes9903
€106,123
€94,429
€147,800
€437,079
€268,992
▼ 38.5%
Income taxes67/77
€26,531
€25,280
€36,950
€67,496
€74,233
▲ 10.0%
Profit (loss) for the period9904
€79,592
€69,150
€110,850
€369,583
€194,759
▼ 47.3%
Profit (loss) for the period to be appropriated9905
€79,592
€69,150
€110,850
€369,583
€194,759
▼ 47.3%
Line
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€3.6m
€2.7m
€2.8m
€3.2m
€2.4m
▼ 25.6%
Fixed assets21/28
€49
€49
€383,434
-
-
-
Financial fixed assets28
€49
€49
€383,434
-
-
-
Current assets29/58
€3.6m
€2.7m
€2.4m
€3.2m
€2.4m
▼ 25.6%
Amounts receivable within one year40/41
€51,425
€35,168
€105,947
€230,197
€212,930
▼ 7.5%
Trade receivables40
€51,425
€33,776
€99,777
€214,108
€212,865
▼ 0.6%
Other amounts receivable41
-
€1,393
€6,170
€16,089
€65
▼ 99.6%
Current investments50/53
€3.4m
€2.4m
€1.0m
-
€2.1m
-
Cash at bank and in hand54/58
€182,418
€265,159
€1.3m
€3.0m
€71,008
▼ 97.6%
Deferred charges and accrued income490/1
-
€3,703
€21,944
-
€6,778
-
Equity and liabilities
Total equity and liabilities10/49
€3.6m
€2.7m
€2.8m
€3.2m
€2.4m
▼ 25.6%
Equity10/15
€2.6m
€2.7m
€2.8m
€2.2m
€1.4m
▼ 37.3%
Contributions10/11
€273,250
€273,250
€273,250
€273,250
€273,250
=
Capital10
€273,250
€273,250
€273,250
€273,250
€273,250
=
Issued capital100
€1.0m
€1.0m
€1.0m
€1.0m
€1.0m
=
Uncalled capital101
€726,750
€726,750
€726,750
€726,750
€726,750
=
Reserves13
€1.2m
€1.2m
€1.2m
€1.2m
€1.1m
▼ 6.3%
Non-distributable reserves130/1
€100,000
€100,000
€100,000
€100,000
€100,000
=
Legal reserve130
€100,000
€100,000
€100,000
€100,000
€100,000
=
Distributable reserves133
€1.1m
€1.1m
€1.1m
€1.1m
€977,734
▼ 6.9%
Profit (loss) carried forward14
€1.2m
€1.3m
€1.4m
€732,974
-
-
Amounts payable17/49
€1.0m
€28,288
€40,084
€1.1m
€1.0m
▼ 1.6%
Amounts payable within one year42/48
€1.0m
€28,287
€40,084
€1.1m
€1.0m
▼ 1.6%
Trade debts44
€5,978
€9,375
€21,535
€6,319
€2,762
▼ 56.3%
Suppliers440/4
€5,978
€9,375
€21,535
€6,319
€2,762
▼ 56.3%
Taxes, remuneration and social security45
€21,272
€18,912
€18,548
€50,103
€36,970
▼ 26.2%
Taxes450/3
€21,272
€18,912
€18,548
€50,103
€36,970
▼ 26.2%
Other amounts payable47/48
€1.0m
-
-
€1.0m
€1.0m
=
Accrued charges and deferred income492/3
€1
€1
-
-
-
-
Line
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€79,592
€69,150
€110,850
€369,583
€194,759
▼ 47.3%
Operating cash flow (approximation)
€79,592
€69,150
€110,850
€369,583
€194,759
▼ 47.3%
Investment in fixed assets (approximation)
-
€0
-€383,385
-
-
-
Change in cash
-
€82,741
€1.1m
€1.7m
-€2.9m
▼ 275%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
What happened to the company over the years, from its founding to recent changes. Many changes in a short time are a reason to ask questions.
Next filing, fiscal year 2026, expected by
31-07-2027
2026
07-07
State Gazette actReappointments: Olivier VANDERIJST, Sébastien DURIEUX and 2 others
5 facts ▸
General meeting, 12/05/2026
Director reappointment, Olivier VANDERIJST (chair)
Director reappointment, Sébastien DURIEUX (director)
Director reappointment, Eric PONCIN (director)
Director reappointment, Olivier BOUCHAT (director)
20-05
NBB filingAnnual accounts filed
fiscal year 2025 · full schema
2025
09-09
State Gazette actResignations & appointments · Miscellaneous
Mandate change1 fact ▸
Mandate change, Rectification of the end date of the mandate of the auditor AXYLIUM. The mandate, granted by the General Meeting of 14 May 2024 for a duration of 3 years, expir…
24-06
NBB filingAnnual accounts filed
fiscal year 2024 · full schema
07-01
State Gazette actRestructuring
Merger · Dissolution · Accounting effect9 facts ▸
General meeting, 05/12/2024
Merger
Dissolution, 05-12-2024
Accounting effect, 01/07/2024
Power of attorney, Pierre-François LEFEBVRE
Merger-project date, 18/09/2024
Merger project publication, 31/10/2024
Merger consideration, Aucune nouvelle action créée ou émise car toutes les actions de la société absorbée sont déjà détenues par la société absorbante
Accounting date absorbed, 30/06/2024
2024
31-12
FinancialHighest result since 2018net €369,583 ▲233%
Net result €369,583, the highest in the series.
31-10
State Gazette actRestructuring
Merger · Power of attorney3 facts ▸
Board meeting, 18/09/2024
Merger
Power of attorney, Pierre-François LEFEBVRE
19-09
State Gazette actAppointment: AXYLIUM (statutory auditor)
1 fact ▸
Auditor appointment, AXYLIUM (statutory auditor)
17-06
NBB filingAnnual accounts filed
fiscal year 2023 · full schema
05-02
State Gazette actReappointments: Olivier BOUCHAT (director) and Eric PONCIN (director)
2 facts ▸
Director reappointment, Olivier BOUCHAT (director)
Director reappointment, Eric PONCIN (director)
16-01
State Gazette actStatutes amendment
Capital5 facts ▸
General meeting, 21/12/2023
Capital, €1.000.000
Statutes amendment
Statutes amendment
Statutes amendment
2023
05-07
NBB filingAnnual accounts filed
fiscal year 2022 · full schema
Show earlier events
2022
31-12
FinancialWeakest financial yearnet €69,150 ▼13.1%
Net result drops to €69,150, the lowest in the series; recovery starts the following year.
31-12
FinancialLiquidity times 27current ratio 95.59
Current ratio from 3.54 to 95.59; short-term debt falls from €1.0m to €28,287.
29-07
State Gazette actReappointments: Olivier VANDERIJST (director) and Sébastien DURIEUX (director)
2 facts ▸
Director reappointment, Olivier VANDERIJST (director)
Director reappointment, Sébastien DURIEUX (director)
07-06
NBB filingAnnual accounts filed
fiscal year 2021 · full schema
2021
02-08
State Gazette actAppointment: RSM Interaudit (statutory auditor)
2 facts ▸
General meeting, 11/05/2021
Auditor appointment, RSM Interaudit
14-06
NBB filingAnnual accounts filed
fiscal year 2020 · full schema
05-05
State Gazette actResignations: Joanne FUGER, Eric BAUCHE and 22 others
26 facts ▸
Board meeting, 26/11/2020
Director resignation, Joanne FUGER (director)
Board meeting, 02/04/2021
Director resignation, Eric BAUCHE (director)
Director resignation, David BASTIN (director)
Director resignation, Thibaut CLAES (director)
Director resignation, Sabine COLSON (director)
Director resignation, Philippe DEGIVE (director)
Director resignation, Michel DE GREEF (director)
Director resignation, Andrés DE LA CERDA GILMAR (director)
Director resignation, Karine FABRY (director)
Director resignation, Flora KOCOVSKI (director)
+14 further facts in this act
2020
18-05
NBB filingAnnual accounts filed
fiscal year 2019 · full schema
20-03
State Gazette actResignation: Ariel Gonzalez (director)
1 fact ▸
Director resignation, Ariel Gonzalez (director)
26-02
State Gazette actAppointment: Adrien GRABARSKI (director)
State Gazette actResignations: Michel SAVONET, Bernard MARCHAND and Michel DELACOLLETTE
Appointments: Sabine COLSON (director) and Pierre PARAIRE (director)7 facts ▸
Board meeting, 07/02/2011
Director resignation, Michel SAVONET (director)
Director appointment, Sabine COLSON (director)
Board meeting, 18/11/2011
Director resignation, Bernard MARCHAND (director)
Director resignation, Michel DELACOLLETTE (director)
Director appointment, Pierre PARAIRE (director)
2010
18-08
State Gazette actResignation: Jean-Pascal LABILLE (director)
Appointment: Olivier VANDERIJST (chair of the board) · Reappointments: Pascale Delcomminette, Karine Fabry and 23 others30 facts ▸
Board meeting, 16/02/2010
Director resignation, Jean-Pascal LABILLE (director)
Director appointment, Olivier VANDERIJST (chair of the board)
General meeting, 11/05/2010
Director resignation, Jean-Pascal LABILLE (director)
Director reappointment, Pascale Delcomminette (director)
Director reappointment, Karine Fabry (director)
Director reappointment, Emma Galère (director)
Director reappointment, Olivier VANDERIJST (director)
Director reappointment, Bernard Marchand (director)
Director reappointment, Jean Séquaris (director)
Director reappointment, Sébastien Durieux (director)
+18 further facts in this act
2008
27-10
State Gazette actResignation: Jacques SERON (director)
Appointment: Philippe DEGIVE (director) · Mandate compensation4 facts ▸
Board meeting, 16/07/2008
Director resignation, Jacques SERON (director)
Director appointment, Philippe DEGIVE (director)
Mandate compensation, Philippe DEGIVE
27-06
State Gazette actResignation: Louis TORDEURS (director)
3 facts ▸
Board meeting, 04/03/2008
Director resignation, Louis TORDEURS (director)
Director resignation, Louis TORDEURS (permanent representative)
05-06
State Gazette actResignation: Marc BELLEFROID (director)
2 facts ▸
Board meeting, 15/04/2008
Director resignation, Marc BELLEFROID (director)
03-06
State Gazette actAppointment: Michel DE GREEF (director)
Written consent2 facts ▸
Written consent, 14/05/2008
Director appointment, Michel DE GREEF (director)
2006
29-05
State Gazette actResignations & appointments
Power of attorney · Mandate term3 facts ▸
General meeting, 09/05/2006
Power of attorney, S.C.S.C.R L. FONDU, PYL, STASSIN & Cie (mandataire)
Mandate term, Ce mandat arrivera à échéance à l'assemblée générale ordinaire de l'an 2009
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
34 of 34 acts read
Directors · office · real estate
Directors and office
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
under verification, no change since 2026
This board is reconstructed from a single act (26086862). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
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 →
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
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
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
La société a pour objet la gestion et l'administration de sociétés commerciales, l'exercice de mandats d'administrateur, la prestation de service aux sociétés. Elle peut accomplir…
Full purpose
La société a pour objet la gestion et l'administration de sociétés commerciales, l'exercice de mandats d'administrateur, la prestation de service aux sociétés. Elle peut accomplir toutes opérations généralement quelconques, commerciales, industrielles, financières, mobilières ou immobilières, se rapportant directement ou indirectement à son objet. La société peut s'intéresser par toutes voies dans toutes affaires, entreprises ou sociétés ayant un objet identique, analogue, similaire ou connexe, ou qui sont de nature à favoriser le développement de son entreprise.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
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
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
69 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 11,219 companies in sector 82100 we hold annual accounts for 3,509. 1,335 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.