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SPARKH

Active
Private limited companyfounded 20251 yr activeRue les Tiennes(WD) 110, 5100 Namur, BelgiumKBO/BCE: BE 1021.263.609
Summary

The computed 12-month bankruptcy probability of SPARKH is 7.2% (elevated). The 2025 annual accounts show equity of €2,704 and a net result of -€2,296. Its solvency ranks better than 33% of 790 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).

Checked score

Score 2025
Axes
Profitability0
Solvency50
Growth-
Track record51
Bankruptcy probability, 12 months
7.2% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.92; short-term debt: 74.9% and cash: 0.1% of total assets), and 74.9% of the assets are financed with debt.
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Signals

Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
25.1%
Return on assets
-21.3%
Age of the figures
9 mo
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-08-2026, 9 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
9 d late
← before the deadline after the deadline →
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
UBO non-compliance×2

History

On 20 March 2025, SPARKH was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€2,704
Total assets
€10,785
Net result
-€2,296
Working capital
-€677

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Equity and liabilities €10,785
Equity €2,704
Debt €8,081
Debt finances 74.9% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
-€1,765
Cash flow
-€1,684
Current ratio
0.92
Debt to equity
2.99
ROE
-84.9%
ROA
-21.3%
Interest coverage
21.63
Debt ≤ 1 year
€8,081

Peer companies

Historical observation

Of the 177 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 92% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
2.8% went bankrupt
5.1% stopped otherwise
92% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 7.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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 177 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 accounts As filed with the NBB · 2025 · 26 lines
Balance sheet Code2025
Assets
Total assets20/58€10,785
Formation expenses20€3,381
Current assets29/58€7,404
Amounts receivable within one year40/41€7,398
Trade receivables40€7,360
Other amounts receivable41€38
Cash at bank and in hand54/58€6
Equity and liabilities
Total equity and liabilities10/49€10,785
Equity10/15€2,704
Contributions10/11€5,000
Profit (loss) carried forward14-€2,296
Amounts payable17/49€8,081
Amounts payable within one year42/48€8,081
Trade debts44€6,512
Suppliers440/4€6,512
Other amounts payable47/48€1,569
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€612
Other operating charges640/8€250
Gross operating margin9900-€1,515
Operating profit (loss)9901-€2,377
Financial charges65/66B-€82
Recurring financial charges65-€82
Profit (loss) for the period before taxes9903-€2,296
Profit (loss) for the period9904-€2,296
Profit (loss) for the period to be appropriated9905-€2,296
Appropriation of the result
Profit (loss) to be appropriated9906-€2,296

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€612
Other operating charges640/8€250
Gross operating margin9900-€1,515
Operating profit (loss)9901-€2,377
Financial charges65/66B-€82
Recurring financial charges65-€82
Profit (loss) for the period before taxes9903-€2,296
Profit (loss) for the period9904-€2,296
Profit (loss) for the period to be appropriated9905-€2,296
Line2025
Assets
Total assets20/58€10,785
Formation expenses20€3,381
Current assets29/58€7,404
Amounts receivable within one year40/41€7,398
Trade receivables40€7,360
Other amounts receivable41€38
Cash at bank and in hand54/58€6
Equity and liabilities
Total equity and liabilities10/49€10,785
Equity10/15€2,704
Contributions10/11€5,000
Profit (loss) carried forward14-€2,296
Amounts payable17/49€8,081
Amounts payable within one year42/48€8,081
Trade debts44€6,512
Suppliers440/4€6,512
Other amounts payable47/48€1,569
Line2025
Profit (loss) for the period9904-€2,296
+ Depreciation and write-downs630€612
Operating cash flow (approximation)-€1,684

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
09-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 9 days late
2025
21-11
KBO administration UBO non-compliance
event 10-11-2025
03-10
KBO administration UBO non-compliance
event 22-09-2025
SignalNBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Namur · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
4,888 m²
Parcel 92136B0347/00K000, Wallonia. Linked by address, not a title deed.
1 establishment unit
SPARKH
Rue les Tiennes(WD) 110, 5100 NamurEmployment placement agencies
since 20252.373.982.849
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92136B0347/00K000 Wallonia 4,887 m² - -
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.

Similar companies · same sector, comparable size

Of 1,014 companies in sector 78200 we hold annual accounts for 645. 127 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
Founded20-03-2025
Fiscal year end31-12
Activities, NACEBEL 2025
78200Temporary employment agencies and other provision of personnel
78100Employment placement agencies
E-invoicing
Reachable via Peppol
Peppol ID 0208:1021263609
Also 9925:BE1021263609
Registered 27-10-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.