Summary
SPARKI is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €65.3m and a net result of €2.1m. Its solvency ranks better than 39% of 2445 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 24-07-2026, 7 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
7 d early
2024
56 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 25 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#1 company by total assets in Harelbeke, Finance and insurance sector#1 company by equity in Harelbeke, Finance and insurance sector
Equity
€65.3m▲ 3.3%
2024 · €63.2m
Net result
€2.1m
2024 · -€1.6m
Total assets
€135.2m▲ 10.5%
2024 · €122.3m
Solvency
48.3%▼ 3.3pp
2024 · 51.7%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result-€83,515--€13.2m▼ 15,659%
Net result-€1.6mbelow the sector's middle half-€2.1mabove the sector's middle half
Equity€63.2mabove the sector's middle half-€65.3mabove the sector's middle half▲ 3.3%
Total assets€122.3mabove the sector's middle half-€135.2mabove the sector's middle half▲ 10.5%
Debt€59.1m-€69.8m▲ 18.1%
Working capital€4.6mabove the sector's middle half--€5.6mbelow the sector's middle half
Solvency51.7%within the sector's middle half-48.3%within the sector's middle half▼ 3.3pp
Current ratio1.40within the sector's middle half-0.65within the sector's middle half▼ 0.75
Return on assets (ROA)-1.3%below the sector's middle half-1.6%within the sector's middle half▲ 2.9pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13.2m in 2025 against €83,515 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €135.2m
Fixed assets
€124.7m ▲ 17.2%
Current assets
€10.4m ▼ 34.4%
Equity and liabilities €135.2m
Equity
€65.3m ▲ 3.3%
Debt
€69.8m ▲ 18.1%
Debt's share of the balance-sheet total rises from 48.3% to 51.7%. Equity and debt are higher.
Key figures and ratios
ROE
3.2%▲
2024 · -2.5%
Debt ≤ 1 year
€16.1m▲
2024 · €11.3m
Debt > 1 year
€53.8m▲
2024 · €47.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Operating income70/76A | - | €4,543 | - |
| Other operating income74 | - | €4,543 | - |
| Operating charges60/66A | €83,515 | €13.2m | ▲ 15,664% |
| Services and other goods61 | €82,417 | €159,666 | ▲ 93.7% |
| Other operating charges640/8 | €1,098 | €528 | ▼ 51.9% |
| Non-recurring operating charges66A | - | €13.0m | - |
| Operating profit (loss)9901 | -€83,515 | -€13.2m | ▼ 15,659% |
| Financial income75/76B | €632,199 | €18.0m | ▲ 2,745% |
| Recurring financial income75 | €632,199 | €7.7m | ▲ 1,122% |
| Income from current assets751 | €632,199 | €7.7m | ▲ 1,122% |
| Non-recurring financial income76B | - | €10.3m | - |
| Financial charges65/66B | €2.2m | €2.7m | ▲ 25.5% |
| Recurring financial charges65 | €2.2m | €2.7m | ▲ 25.5% |
| Debt charges650 | €2.2m | €2.7m | ▲ 25.5% |
| Other financial charges652/9 | - | €1 | - |
| Profit (loss) for the period before taxes9903 | -€1.6m | €2.1m | ▲ 231% |
| Profit (loss) for the period9904 | -€1.6m | €2.1m | ▲ 231% |
| Profit (loss) for the period to be appropriated9905 | -€1.6m | €2.1m | ▲ 231% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €122.3m | €135.2m | ▲ 10.5% |
| Fixed assets21/28 | €106.4m | €124.7m | ▲ 17.2% |
| Intangible fixed assets21 | - | €4.2m | - |
| Financial fixed assets28 | €106.4m | €120.6m | ▲ 13.3% |
| Affiliated companies280/1 | €106.4m | €110.2m | ▲ 3.5% |
| Participating interests280 | €80.0m | €110.2m | ▲ 37.7% |
| Amounts receivable281 | €26.4m | €0 | ▼ 100% |
| Companies linked by participating interests282/3 | - | €10.4m | - |
| Participating interests282 | - | €10.4m | - |
| Current assets29/58 | €15.9m | €10.4m | ▼ 34.4% |
| Stocks and contracts in progress3 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €15.3m | €10.3m | ▼ 32.3% |
| Other amounts receivable41 | €15.3m | €10.3m | ▼ 32.3% |
| Cash at bank and in hand54/58 | €647,823 | €100,870 | ▼ 84.4% |
| Deferred charges and accrued income490/1 | €17,274 | €17,278 | = |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €122.3m | €135.2m | ▲ 10.5% |
| Equity10/15 | €63.2m | €65.3m | ▲ 3.3% |
| Contributions10/11 | €64.8m | €64.8m | = |
| Capital10 | €64.8m | €64.8m | = |
| Issued capital100 | €64.8m | €64.8m | = |
| Reserves13 | - | €506,976 | - |
| Non-distributable reserves130/1 | - | €25,349 | - |
| Legal reserve130 | - | €25,349 | - |
| Distributable reserves133 | - | €481,627 | - |
| Profit (loss) carried forward14 | -€1.6m | €0 | ▲ 100% |
| Amounts payable17/49 | €59.1m | €69.8m | ▲ 18.1% |
| Amounts payable after more than one year17 | €47.8m | €53.8m | ▲ 12.6% |
| Financial debts170/4 | €47.8m | €53.8m | ▲ 12.6% |
| Subordinated loans170 | - | €51.3m | - |
| Credit institutions173 | €422,815 | €2.5m | ▲ 489% |
| Other loans174 | €47.4m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €11.3m | €16.1m | ▲ 41.7% |
| Current portion of amounts payable after more than one year42 | €700,904 | €1.0m | ▲ 47.9% |
| Trade debts44 | €199 | €4.2m | ▲ 2,114,878% |
| Suppliers440/4 | €199 | €4.2m | ▲ 2,114,878% |
| Other amounts payable47/48 | €10.6m | €10.8m | ▲ 1.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€1.6m | €2.1m | ▲ 231% |
| Operating cash flow (approximation) | -€1.6m | €2.1m | ▲ 231% |
| Investment in fixed assets (approximation) | - | -€18.3m | - |
| Change in cash | - | -€546,952 | - |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
24-02
State Gazette act
Purpose · Statutes amendmentName change · Purpose change · Power of attorney5 facts ▸
State Gazette act
Purpose · Statutes amendment
Name change · Purpose change · Power of attorney5 facts ▸
- General meeting, 6 februari 2026
- Name change, SPARKI
- Purpose change, De vennootschap heeft tot voorwerp zowel in België als in het buitenland, zowel in eigen naam en voor eigen rekening als in naam en voor rekening van derden, al…
- Power of attorney, bestuurders
- Power of attorney, Orinn Vijncke
2025
31-12
Financial
Back to profitnet €2.1m
Net result €2.1m after one loss-making year.
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated · 56 days late
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 56 days late
14-07
State Gazette act
Resignation: Leon Cappaert (director)Appointments: NV FEDERALE PERTICIPATIE-EN INVESTERINGSMAATSCHAPPIJ, BV DEMAFIN and Peter Innegraeve · Permanent representatives: Leon Cappaert and Jan Dejonghe7 facts ▸
State Gazette act
Resignation: Leon Cappaert (director)
Appointments: NV FEDERALE PERTICIPATIE-EN INVESTERINGSMAATSCHAPPIJ, BV DEMAFIN and Peter Innegraeve · Permanent representatives: Leon Cappaert and Jan Dejonghe7 facts ▸
- General meeting, 23/05/2025
- Director resignation, Leon Cappaert (director)
- Director appointment, NV FEDERALE PERTICIPATIE-EN INVESTERINGSMAATSCHAPPIJ (director)
- Permanent representative, Leon Cappaert
- Director appointment, BV DEMAFIN (independent director)
- Permanent representative, Jan Dejonghe
- Auditor appointment, Peter Innegraeve (statutory auditor)
2023
13-02
State Gazette act
IncorporationAppointments: RIGOLLE, LUDEM and 2 others · Permanent representatives: RIGOLLE Stijn Bernard Maurice and DEMEYERE Luc Robert Simonne Jan Pieter · Founding capital30 facts ▸
State Gazette act
Incorporation
Appointments: RIGOLLE, LUDEM and 2 others · Permanent representatives: RIGOLLE Stijn Bernard Maurice and DEMEYERE Luc Robert Simonne Jan Pieter · Founding capital30 facts ▸
- Incorporation, 03/02/2023
- Founding capital, €64.830.934,17
- Bank account, speciële rekening
- Director appointment, RIGOLLE (director)
- Permanent representative, RIGOLLE Stijn Bernard Maurice
- Director appointment, LUDEM (director)
- Permanent representative, DEMEYERE Luc Robert Simonne Jan Pieter
- Director appointment, CAPPAERT Leon Jeffry Maria (director)
- Mandate compensation, GRIDLINK
- Director appointment, RIGOLLE (managing director)
- Director appointment, LUDEM (managing director)
- Auditor appointment, GRIDLINK
- +18 further facts in this act
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
3 of 3 acts read
Directors · office · real estate
Directors
6 directors, 3 in day-to-day management, no change since 2025
Board 6
LUDEM
CurrentDirector · since 03-02-2023 · Private limited company · perm. rep.: DEMEYERE Luc Robert Simonne Jan Pieter
MARIMA
CurrentDirector · since 03-02-2023 · Private limited company · perm. rep.: RIGOLLE Stijn Bernard Maurice
DEMAFIN
CurrentIndependent director · since 23-05-2025 · Private limited company · perm. rep.: Jan Dejonghe
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT
CurrentDirector · since 23-05-2025 · Public limited company · perm. rep.: Leon Cappaert
RIGOLLE
CurrentDirector · since 13-02-2023 · Legal entity · from a recent act
NV FEDERALE PERTICIPATIE-EN INVESTERINGSMAATSCHAPPIJ
CurrentDirector · since 14-07-2025 · Legal entity · from a recent act
Day-to-day management 3
LUDEM
CurrentManaging director · since 03-02-2023 · Private limited company · perm. rep.: DEMEYERE Luc Robert Simonne Jan Pieter
MARIMA
CurrentManaging director · since 03-02-2023 · Private limited company · perm. rep.: RIGOLLE Stijn Bernard Maurice
RIGOLLE
CurrentManaging director · since 13-02-2023 · Legal entity · from a recent act
Permanent representatives 4
DEMEYERE Luc Robert Simonne Jan Pieter
CurrentPermanent representative · since 03-02-2023 · for LUDEM
RIGOLLE Stijn Bernard Maurice
CurrentPermanent representative · since 03-02-2023 · for MARIMA
Jan Dejonghe
CurrentPermanent representative · since 23-05-2025 · for DEMAFIN
Leon Cappaert
CurrentPermanent representative · since 23-05-2025 · for SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT
Statutory auditor 1
Peter Innegraeve
CurrentStatutory auditor · since 14-07-2025
"From a recent act": read from a Gazette act not yet processed into our list of directors.
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
Registered office, Harelbeke · 1 establishment unit since 2023
Ground area
1,632 m²
Building footprint
385 m²
Volume, LiDAR
2,295 m³
Parcel 34013A1207/00X007, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
SPARKI
since 20232.341.580.592
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34013A1207/00X007 | Flanders | 1,632 m² | 1 · 385 m² | 8.8 m · 2 fl. |
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.
Mandate history
8 people since 2023, 7 in office
- Board
- Day-to-day management
- Statutory auditor
| Name | Functions and periods |
|---|---|
| LUDEM |
|
| MARIMA |
|
| RIGOLLEfrom an act |
|
| DEMAFIN |
|
| SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT |
|
| NV FEDERALE PERTICIPATIE-EN INVESTERINGSMAATSCHAPPIJfrom an act |
|
| Peter Innegraeve |
|
| CAPPAERT Leon Jeffy Maria |
|
Articles of association
Who signs
“zal de vennootschap tegenover derden en in rechte geldig vertegenwoordigd en verbonden zijn door twee gedelegeerd bestuurders, gezamenlijk optredend.”
Purpose
Het beleggen, het intekenen op, vast overnemen, plaatsen, kopen, verkopen en verhandelen van aandelen, deelbewijzen, obligaties, warrants, certificaten, schuldvorderingen, gelden…
Full purpose
Het beleggen, het intekenen op, vast overnemen, plaatsen, kopen, verkopen en verhandelen van aandelen, deelbewijzen, obligaties, warrants, certificaten, schuldvorderingen, gelden en andere roerende waarden... het beheren van beleggingen en van participaties... het verstrekken van leningen... alle commerciële, industriële, financiële, roerende of onroerende handelingen...
Structure & network
Owners and holdings
1 owner · 14 holdingsOwners 1
- 31.18%
Holdings 14
- Earth BALKANHRsubsidiarySourceown accounts 2025100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
Show 4 more holdings
-
100%
-
95%
-
66.14%
- Sourceown accounts 202535.42%
According to the 2025 annual accounts of SPARKI and those 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
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Capital and shareholders
Capital over the years
- 13-02-2023 Incorporation · 64,830,934.17 EUR · 1,000,000 shares
Recognitions · licences · registrations
Legal Entity Identifier
875500THOYXJZMG39P27
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 2,347 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
63920Other information service activities
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0798269616
Registered
30-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.