Spark Power
ActiveThe annual accounts of Spark Power for fiscal year 2025 show a net loss of 73% of total assets and of 1,607% of the equity at the start of that year. The 2025 annual accounts show equity of €1.65M and a net result of €-1.34M. Its solvency ranks better than 92% of 2002 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100▲+32
Growth52
Track record82
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 9.44 against 1.71 in 2024; short-term debt: 10.5% and cash: 72.8% of total assets), and 10.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
25 d early
2024
33 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.65M▲ 1,877%
2024 · €83k
2024: €83k
2024 → 2025
Total assets
€1.84M▲ 848%
2024 · €194k
2024: €194k
2024 → 2025
Net result
€-1.34M▼ 222%
2024 · €-417k
2024: €-417k
2024 → 2025
Working capital
€1.64M▲ 1,969%
2024 · €79k
2024: €79k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€83k-€1.65M▲ 1,877%
Operating result€-412k-€-1.32M▼ 220%
Net result€-417k-€-1.34M▼ 222%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.32M in 2025 against €412k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.84M
Fixed assets
€12k▲ 171%
Current assets
€1.83M▲ 864%
Equity and liabilities €1.84M
Equity
€1.65M▲ 1,877%
Debt
€194k▲ 74.8%
The debt ratio falls from 57.1% to 10.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-1.32M▼
2024 · €-411k
Cash flow
€-1.34M▼
2024 · €-416k
Solvency
89.5%▲
2024 · 42.9%
Current ratio
9.44▲
2024 · 1.71
Quick ratio
7.32▲
2024 · 1.42
Debt / equity
0.12▼
2024 · 1.33
ROE
-81.3%▲
2024 · -499.6%
ROA
-72.8%▲
2024 · -214.5%
Interest coverage
-66.02▲
2024 · -84.28
Debt
€194k▲
2024 · €111k
Debt ≤ 1 year
€194k▲
2024 · €111k
Income taxes
€1k
Staff costs
€316k▲
2024 · €146k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€194k€1.84M▲
Fixed assets21/28€4k€12k▲
Intangible fixed assets21-€5k
Tangible fixed assets22/27€4k€7k▲
Furniture and vehicles24€4k€7k▲
Financial fixed assets28-€180
Current assets29/58€190k€1.83M▲
Stocks and contracts in progress3€32k€412k▲
Contracts in progress37€32k€412k▲
Amounts receivable within one year40/41€23k€73k▲
Trade receivables40€8-
Other amounts receivable41€23k€73k▲
Cash at bank and in hand54/58€134k€1.34M▲
Deferred charges and accrued income490/1€2k€6k▲
Equity and liabilities
Total equity and liabilities10/49€194k€1.84M▲
Equity10/15€83k€1.65M▲
Contributions10/11€500k€4.00M▲
Profit (loss) carried forward14€-417k€-2.35M▼
Amounts payable17/49€111k€194k▲
Amounts payable within one year42/48€111k€194k▲
Trade debts44€95k€172k▲
Suppliers440/4€95k€172k▲
Taxes, remuneration and social security45€16k€22k▲
Remuneration and social security454/9€16k€22k▲
Income statement
Code20242025
Remuneration, social security and pensions62€146k€316k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€695€2k▲
Other operating charges640/8€945€1k▲
Gross operating margin9900€-264k€-1,000k▼
Operating profit (loss)9901€-412k€-1.32M▼
Financial income75/76B€21-
Recurring financial income75€21-
Financial charges65/66B€5k€20k▲
Recurring financial charges65€5k€20k▲
Profit (loss) for the period before taxes9903€-417k€-1.34M▼
Income taxes67/77-€1k
Profit (loss) for the period9904€-417k€-1.34M▼
Profit (loss) for the period to be appropriated9905€-417k€-1.34M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-417k€-2.35M▼
Profit (loss) brought forward from the previous period14P-€-1.01M
Social balance
Average headcount (FTE)90872.74.7▲
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 6current ratio 9.44
Current ratio from 1.71 to 9.44.
31-12
Financial
Equity above €1MEq €1.65M ▲1877%
Equity rises from €83k to €1.65M.
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Gent · 1 establishment unit since 2023
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.
Brugsevaart 329030 GentGround area
447 m²
Parcel 44038A0463/00P004, Flanders. Linked by address, not a title deed.
1 establishment unit
Spark Power Belgium
since 20232.353.615.126
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0463/00P004 | Flanders | 447 m² | - | - |
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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Similar companies · same sector, comparable size
VANGOR
BE 0466.501.110
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EPB CONSULT
BE 0894.624.664
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SOGEX-EREM
BE 0421.468.166
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SICURANT
BE 0826.711.994
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QUERCUS CONSULT
BE 0870.735.148
Zedelgem · Eq €1.64M
Of 11,555 companies in sector 71121 we hold annual accounts for 6,562. 2,651 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-11-2023
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
68122Development of non-residential building projects
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.