SPARKLING
ActiveSPARKLING has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16k and a net result of €3k. Equity is shrinking by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 19% of 1978 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▲+1
Solvency29=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.84 against 0.87 in 2024; short-term debt: 69.4% of total assets), and 95.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 90
Relative position
BE, all sectors
reference
Sector 90
lower
← 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
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
4.4%
Return on assets
0.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 1978 sector peers (2025).
NBB · sector comparisonPosition among 1978 sector peers
Solvency
better than 19%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €16k
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
8 d early
2023
69 d early
2022
11 d early
2021
22 d late
2020
26 d late
2019
17 d late
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€16k▲ 26.8%
2024 · €13k
2018: €21k
2019: €20k
2020: €24k
2021: €15k
2022: €7k
2023: €12k
2024: €13k
2018 → 2025
Total assets
€370k▲ 27.3%
2024 · €290k
2018: €110k
2019: €126k
2020: €157k
2021: €108k
2022: €197k
2023: €212k
2024: €290k
2018 → 2025
Net result
€3k▲ 254%
2024 · €966
2018: €32k
2019: €-695
2020: €33k
2021: €26k
2022: €42k
2023: €5k
2024: €966
2018 → 2025
Working capital
€-42k▼ 120%
2024 · €-19k
2018: €-19k
2019: €-39k
2020: €-26k
2021: €-46k
2022: €-68k
2023: €-55k
2024: €-19k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€15k-€7k▼ 54.7%€12k▲ 69.9%€13k▲ 8.2%€16k▲ 26.8%
Operating result€40k-€60k▲ 50.2%€50k▼ 17.2%€108k▲ 117%€150k▲ 38.3%
Net result€26k-€42k▲ 58.5%€5k▼ 88.3%€966▼ 80.1%€3k▲ 254%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 38% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €370k
Fixed assets
€156k▼ 4.2%
Current assets
€214k▲ 67.3%
Equity and liabilities €370k
Equity
€16k▲ 26.8%
Debt
€354k▲ 27.3%
The debt ratio stays at 95.6%.
Key figures and ratios
EBITDA
€188k▲
2024 · €140k
Cash flow
€41k▲
2024 · €33k
Solvency
4.4%▼
2024 · 4.4%
Current ratio
0.84▼
2024 · 0.87
Quick ratio
0.84▼
2024 · 0.87
Debt / equity
21.86▲
2024 · 21.77
ROE
21.1%▲
2024 · 7.6%
ROA
0.9%▲
2024 · 0.3%
Interest coverage
1.29▼
2024 · 1.32
Debt
€354k▲
2024 · €278k
Debt ≤ 1 year
€256k▲
2024 · €147k
Debt > 1 year
€97k▼
2024 · €130k
Income taxes
€3k▼
2024 · €3k
Staff costs
€886
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€290k€370k▲
Fixed assets21/28€162k€156k▼
Tangible fixed assets22/27€161k€154k▼
Land and buildings22€8k€6k▼
Furniture and vehicles24€306-
Leasing and similar rights25€76k€54k▼
Other tangible fixed assets26€77k€94k▲
Financial fixed assets28€1k€1k=
Current assets29/58€128k€214k▲
Amounts receivable within one year40/41€127k€212k▲
Trade receivables40€98k€165k▲
Other amounts receivable41€30k€48k▲
Deferred charges and accrued income490/1€583€2k▲
Equity and liabilities
Total equity and liabilities10/49€290k€370k▲
Equity10/15€13k€16k▲
Contributions10/11€600€600=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€10k€14k▲
Amounts payable17/49€278k€354k▲
Amounts payable after more than one year17€130k€97k▼
Financial debts170/4€71k€54k▼
Trade debts175€60k€43k▼
Amounts payable within one year42/48€147k€256k▲
Current portion of amounts payable after more than one year42€31k€32k▲
Financial debts43€19k€25k▲
Credit institutions430/8€19k€25k▲
Trade debts44€26k€87k▲
Suppliers440/4€26k€87k▲
Advances received on contracts in progress46-€76k
Taxes, remuneration and social security45€37k€37k▲
Taxes450/3€37k€37k▲
Other amounts payable47/48€34k-
Income statement
Code20242025
Remuneration, social security and pensions62-€886
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€38k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€141k€190k▲
Operating profit (loss)9901€108k€150k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€106k€145k▲
Recurring financial charges65€106k€145k▲
Profit (loss) for the period before taxes9903€4k€7k▲
Income taxes67/77€3k€3k▼
Profit (loss) for the period9904€966€3k▲
Profit (loss) for the period to be appropriated9905€966€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€14k▲
Profit (loss) brought forward from the previous period14P€9k€10k▲
The notes to these accounts (7 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
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €42k ▲58.5%
Net result €42k, the highest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
31-12
Financial
Weakest financial yearnet €-695 ▼102%
Net result drops to €-695, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sint-Genesius-Rode · 1 establishment unit since 2005
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.
Zavelbergweg 41640 Sint-Genesius-RodeGround area
2,551 m²
Building footprint
948 m²
Volume, LiDAR
1,190 m³
2 parcels, Brussels, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SPARKLING
since 20052.147.113.311
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22004D0163/00F002 | Flanders | 1,527 m² | 1 · 139 m² | 11.3 m · 3 fl. |
| 21614H0008/00P052 | Brussels | 1,025 m² | 1 · 809 m² | 7.3 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
25490004XWUSZ0U2VJ35
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LIGHT SUPPORT
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Of 3,394 companies in sector 90393 we hold annual accounts for 939. 575 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-03-2005
Fiscal year end31-12
Activities, NACEBEL
90393Specialised image, lighting and sound technical services
92313
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.