SPARHOF
ActiveSummary
The computed 12-month bankruptcy probability of SPARHOF is 1.5% (moderate). The 2025 annual accounts show equity of €222k and a net result of €43k. Equity is growing by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 36% of 3674 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-2
Solvency41▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.15 in 2024; short-term debt: 49.9% and cash: 4% of total assets), and 83.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
16.5%
Return on assets
3.2%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
1 d early
2024
3 d early
2023
29 d late
2022
32 d late
2021
30 d late
2020
27 d late
2019
49 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€222k▲ 23.8%
2024 · €179k
2018: €24k
2019: €57k
2020: €90k
2021: €200k
2022: €334k
2023: €110k
2024: €179k
2018 → 2025
Total assets
€1.35M▼ 1.8%
2024 · €1.37M
2018: €1.06M
2019: €1.02M
2020: €1.01M
2021: €1.18M
2022: €1.40M
2023: €1.39M
2024: €1.37M
2018 → 2025
Net result
€43k▼ 39.9%
2024 · €71k
2018: €19k
2019: €33k
2020: €33k
2021: €179k
2022: €134k
2023: €76k
2024: €71k
2018 → 2025
Working capital
€-566k▼ 5.4%
2024 · €-537k
2018: €-264k
2019: €-267k
2020: €-258k
2021: €-163k
2022: €-355k
2023: €-578k
2024: €-537k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€200k-€334k▲ 67.2%€110k▼ 67.0%€179k▲ 63.0%€222k▲ 23.8%
Operating result€219k-€166k▼ 24.1%€131k▼ 21.2%€115k▼ 12.3%€76k▼ 33.6%
Net result€179k-€134k▼ 25.1%€76k▼ 43.0%€71k▼ 7.1%€43k▼ 39.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 34% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.35M
Fixed assets
€1.24M ▼ 2.7%
Current assets
€107k ▲ 9.8%
Equity and liabilities €1.35M
Equity
€222k ▲ 23.8%
Debt
€1.13M ▼ 5.7%
Debt's share of the balance-sheet total falls from 86.9% to 83.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€185k▼
2024 · €218k
Cash flow
€151k▼
2024 · €174k
Current ratio
0.16▲
2024 · 0.15
Quick ratio
0.11▲
2024 · 0.10
Debt to equity
5.07▼
2024 · 6.65
ROE
19.2%▼
2024 · 39.6%
ROA
3.2%▼
2024 · 5.2%
Interest coverage
11.80▼
2024 · 12.68
Debt ≤ 1 year
€673k▲
2024 · €634k
Debt > 1 year
€451k▼
2024 · €556k
Income taxes
€18k▼
2024 · €27k
Staff costs
€212k▲
2024 · €172k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.37M€1.35M▼
Fixed assets21/28€1.28M€1.24M▼
Intangible fixed assets21€18k€10k▼
Tangible fixed assets22/27€1.26M€1.23M▼
Land and buildings22€492k€464k▼
Plant, machinery and equipment23€93k€84k▼
Furniture and vehicles24€38k€83k▲
Other tangible fixed assets26€634k€599k▼
Financial fixed assets28€750€750=
Current assets29/58€98k€107k▲
Stocks and contracts in progress3€32k€35k▲
Stocks30/36€32k€35k▲
Amounts receivable within one year40/41€10k€11k▲
Trade receivables40€320€166▼
Other amounts receivable41€10k€11k▲
Cash at bank and in hand54/58€52k€53k▲
Deferred charges and accrued income490/1€3k€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.37M€1.35M▼
Equity10/15€179k€222k▲
Contributions10/11€19k€19k=
Reserves13€161k€204k▲
Distributable reserves133€161k€204k▲
Amounts payable17/49€1.19M€1.13M▼
Amounts payable after more than one year17€556k€451k▼
Financial debts170/4€556k€451k▼
Amounts payable within one year42/48€634k€673k▲
Current portion of amounts payable after more than one year42€95k€105k▲
Trade debts44€14k€21k▲
Suppliers440/4€14k€21k▲
Advances received on contracts in progress46€28k€27k▼
Taxes, remuneration and social security45€29k€30k▲
Taxes450/3€13k€12k▼
Remuneration and social security454/9€16k€17k▲
Other amounts payable47/48€469k€491k▲
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€172k€212k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€103k€108k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€393k€400k▲
Operating profit (loss)9901€115k€76k▼
Financial income75/76B€24€392▲
Recurring financial income75€24€392▲
Financial charges65/66B€17k€16k▼
Recurring financial charges65€17k€16k▼
Profit (loss) for the period before taxes9903€98k€61k▼
Income taxes67/77€27k€18k▼
Profit (loss) for the period9904€71k€43k▼
Profit (loss) for the period to be appropriated9905€71k€43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€71k€43k▼
Transfer to equity691/2€69k€43k▼
To other reserves6921€69k€43k▼
Profit to be distributed694/7€2k-
Return on contributions (dividend)694€2k-
Social balance
Average headcount (FTE)908727.65.4▼
The notes to these accounts (12 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €200kEq €222k ▲23.8%
8 profitable years in a row build equity to €222k.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €150kEq €179k ▲63%
7 profitable years in a row build equity to €179k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-12
Financial
Equity above €200kEq €334k ▲67.2%
5 profitable years in a row build equity to €334k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €179k ▲445%
Operating result €219k, net result €179k, both a record.
31-12
Financial
Equity above €150kEq €200k ▲121%
4 profitable years in a row build equity to €200k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 49 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Heuvelland · 1 establishment unit since 2017
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.
Wulvestraat(Dran) 18951 HeuvellandGround area
755 m²
Building footprint
683 m²
Volume, LiDAR
3,143 m³
Parcel 33006B0398/00P000, Flanders · tallest building 8.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SPARHOF
since 20172.264.062.845
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33006B0398/00P000 | Flanders | 755 m² | 1 · 683 m² | 8.5 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 150 EUR awarded · 150 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 150 EUR |
| 2024 | 1 | 150 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteHeuvelland2.264.062.845
Similar companies · same sector, comparable size
ZATRA
BE 0649.434.794
Oudergem · Eq €222,145
PIETER VAN WELDEN
BE 0478.284.036
Kluisbergen · Eq €222,156
DEM SERVICE
BE 0784.430.387
Zaventem · Eq €222,038
REMINO
BE 0780.995.795
Oostende · Eq €221,946
A&S Hoogstraten
BE 0798.930.008
Hoogstraten · Eq €222,362
Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 8,328 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
55100Hotels and similar accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.