SPARK
ActiveSummary
SPARK has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104k and a net result of €3k. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 21% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70=
Solvency46▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.26 in 2024; short-term debt: 78.7% and cash: 10.3% of total assets), and 78.7% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 12738 sector peers (2025).
NBB · sector comparisonPosition among 12738 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
7 d early
2023
on the day
2022
6 d early
2021
4 d early
2020
20 d late
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€104k▲ 3.1%
2024 · €101k
Total assets
€490k▲ 5.3%
2024 · €466k
Net result
€3k▲ 0.7%
2024 · €3k
Working capital
€104k▲ 8.4%
2024 · €96k
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
Line20212022202320242025
Operating result€12k▲ 5.1%€20k▲ 65.5%€5k▼ 74.7%€5k▲ 3.7%€5k▼ 15.4%
Net result€9k▲ 25.8%€15k▲ 58.9%€3k▼ 78.8%€3k▲ 0.7%€3k▲ 0.7%
Equity€80k▲ 12.8%€95k▲ 18.1%€98k▲ 3.2%€101k▲ 3.2%€104k▲ 3.1%
Total assets€281k▲ 5.5%€261k▼ 6.9%€426k▲ 63.1%€466k▲ 9.3%€490k▲ 5.3%
Debt€200k▲ 2.8%€166k▼ 16.9%€328k▲ 97.3%€365k▲ 11.1%€386k▲ 5.9%
Working capital€80k▲ 12.8%€95k▲ 18.1%€88k▼ 7.1%€96k▲ 9.1%€104k▲ 8.4%
Staff (FTE)1=1=1=1.2▲ 20.0%2▲ 66.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €490k
Equity
€104k ▲ 3.1%
Debt
€386k ▲ 5.9%
Debt's share of the balance-sheet total rises from 78.3% to 78.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▼
2024 · €10k
Cash flow
€8k▲
2024 · €8k
Current ratio
1.27▲
2024 · 1.26
Debt to equity
3.70▲
2024 · 3.61
ROE
3.0%▼
2024 · 3.1%
ROA
0.6%▼
2024 · 0.7%
Interest coverage
116.32▲
2024 · 49.52
Debt ≤ 1 year
€386k▲
2024 · €365k
Income taxes
€3k▲
2024 · €2k
Staff costs
€136k▲
2024 · €89k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €62k | €65k | €89k | €136k | ▲ 52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €5k | €5k | €5k | = |
| Other operating charges640/8 | - | €3k | €4k | €1k | €12k | ▲ 761% |
| Gross operating margin9900 | €71k | €85k | €79k | €101k | €157k | ▲ 56.2% |
| Operating profit (loss)9901 | €12k | €20k | €5k | €5k | €5k | ▼ 15.4% |
| Financial income75/76B | - | €107 | - | €320 | €1k | ▲ 340% |
| Recurring financial income75 | €169 | €107 | - | €320 | €1k | ▲ 340% |
| Financial charges65/66B | - | €408 | €180 | €208 | €81 | ▼ 60.8% |
| Recurring financial charges65 | €42 | €408 | €180 | €208 | €81 | ▼ 60.8% |
| Profit (loss) for the period before taxes9903 | €13k | €20k | €5k | €5k | €6k | ▲ 7.1% |
| Income taxes67/77 | €3k | €6k | €2k | €2k | €3k | ▲ 15.4% |
| Profit (loss) for the period9904 | €9k | €15k | €3k | €3k | €3k | ▲ 0.7% |
| Profit (loss) for the period to be appropriated9905 | €9k | €15k | €3k | €3k | €3k | ▲ 0.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €281k | €261k | €426k | €466k | €490k | ▲ 5.3% |
| Fixed assets21/28 | - | - | €10k | €5k | - | - |
| Tangible fixed assets22/27 | - | - | €10k | €5k | - | - |
| Furniture and vehicles24 | - | - | €10k | €5k | - | - |
| Current assets29/58 | €281k | €261k | €417k | €461k | €490k | ▲ 6.4% |
| Amounts receivable within one year40/41 | €264k | €241k | €333k | €385k | €440k | ▲ 14.1% |
| Trade receivables40 | - | €238k | €326k | €379k | €436k | ▲ 14.9% |
| Other amounts receivable41 | - | €2k | €7k | €6k | €4k | ▼ 35.6% |
| Cash at bank and in hand54/58 | €17k | €21k | €84k | €76k | €50k | ▼ 33.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €281k | €261k | €426k | €466k | €490k | ▲ 5.3% |
| Equity10/15 | €80k | €95k | €98k | €101k | €104k | ▲ 3.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €61k | €76k | €79k | €83k | €86k | ▲ 3.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €74k | €77k | €83k | €86k | ▲ 3.8% |
| Profit (loss) carried forward14 | €994 | €525 | €611 | - | - | - |
| Amounts payable17/49 | €200k | €166k | €328k | €365k | €386k | ▲ 5.9% |
| Amounts payable within one year42/48 | €200k | €166k | €328k | €365k | €386k | ▲ 5.9% |
| Trade debts44 | €179k | €153k | €312k | €334k | €352k | ▲ 5.6% |
| Suppliers440/4 | - | €153k | €312k | €334k | €352k | ▲ 5.6% |
| Taxes, remuneration and social security45 | - | €14k | €16k | €31k | €34k | ▲ 9.1% |
| Taxes450/3 | - | €2k | €4k | €12k | €10k | ▼ 22.1% |
| Remuneration and social security454/9 | - | €12k | €13k | €19k | €24k | ▲ 30.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €15k | €3k | €3k | €3k | ▲ 0.7% |
| + Depreciation and write-downs630 | - | - | €5k | €5k | €5k | = |
| Operating cash flow (approximation) | €9k | €15k | €8k | €8k | €8k | ▲ 0.3% |
| Investment in fixed assets (approximation) | - | - | - | €0 | - | - |
| Change in cash | - | €4k | €63k | €-8k | €-25k | ▼ 197% |
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
05-08
State Gazette act
General meeting · Net-asset statement
Approval · Dissolution · Lien VAN GOETHEM
20-03
State Gazette act
General meeting · Capital increase
Bank account · Power of attorney
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €100kEq €101k ▲3.2%
6 profitable years in a row build equity to €101k.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €3k ▼78.8%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €15k ▲58.9%
Operating result €20k, net result €15k, both a record.
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
20-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
26-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Beveren-Kruibeke-Zwijndrecht · 2 establishment units since 2014
Ground area
1,016 m²
Building footprint
304 m²
Volume, LiDAR
1,723 m³
3 parcels, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Spark full Service Account & Tax Collective
since 20142.232.773.021
Spark full Service Account & Tax Collective
since 20142.232.773.120
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44016B0997/00E000 | Flanders | 587 m² | 1 · 95 m² | 8.2 m · 2 fl. |
| 46003B0198/00S000 | Flanders | 373 m² | 1 · 141 m² | 10.0 m · 2 fl. |
| 46502D0252/00D010 | Flanders | 56 m² | 1 · 68 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels 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
2022 to 2025 · 4 entries · 654 EUR awarded · 648 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 222 EUR | 0 EUR |
| 2024 | 1 | 222 EUR | 222 EUR |
| 2023 | 1 | 0 EUR | 216 EUR |
| 2022 | 1 | 210 EUR | 210 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,479 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
Founded20-06-2014
Fiscal year end31-03
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.