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SparkSpot

Active
Private limited companyfounded 2023active for 2 yearsGarenmarkt 31, 8000 Brugge, BelgiumKBO/BCE: BE 1003.997.708
Summary

The computed 12-month bankruptcy probability of SparkSpot is 1.6% (moderate). The 2025 annual accounts show equity of €6,452 and a net result of -€6,170. Its solvency ranks better than 27% of 16,782 sector peers (NACE 68, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

2025 annual accounts filed late (56 days) Filed on 25 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00524084.

Equity
€6,452▼ 48.9%
2024 · €12,622
Total assets
€129,570▲ 27.9%
2024 · €101,267
Net result
-€6,170
2024 · €8,622
Working capital
€20,218▼ 49.5%
2024 · €40,058
Trend over the years

2024 to 2025, 2 financial years

The operating result turns negative in 2025: a loss of €5,047 after €12,243 in 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€5,047 2025 Net result-€6,170 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€12,243--€5,047
Net result€8,622within the sector's middle half--€6,170within the sector's middle half
Equity€12,622within the sector's middle half-€6,452below the sector's middle half▼ 48.9%
Total assets€101,267below the sector's middle half-€129,570below the sector's middle half▲ 27.9%
Debt€88,645-€123,118▲ 38.9%
Working capital€40,058within the sector's middle half-€20,218within the sector's middle half▼ 49.5%
Solvency12.5%within the sector's middle half-5.0%within the sector's middle half▼ 7.5pp
Current ratio4.02above the sector's middle half-1.72within the sector's middle half▼ 2.30
Return on assets (ROA)8.5%above the sector's middle half--4.8%below the sector's middle half▼ 13.3pp
above within below the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €129,570
Fixed assets €81,285 ▲ 69.6%
Current assets €48,285 ▼ 9.5%
Equity and liabilities €129,570
Equity €6,452 ▼ 48.9%
Debt €123,118 ▲ 38.9%
Debt's share of the balance-sheet total rises from 87.5% to 95.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€5,656▼
2024 · €17,785
Cash flow
€4,534▼
2024 · €14,164
Debt to equity
19.08▲
2024 · 7.02
ROE
-95.6%▼
2024 · 68.3%
Interest coverage
2.86▼
2024 · 12.13
Debt ≤ 1 year
€28,067▲
2024 · €13,285
Debt > 1 year
€92,139▲
2024 · €74,139
Income taxes
-€855▼
2024 · €2,155
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,301 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 92.5% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a small loss
5.5% went bankrupt
1.6% stopped otherwise
92.5% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,301 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 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€101,267€129,570▲
Fixed assets21/28€47,924€81,285▲
Intangible fixed assets21€47,924€81,285▲
Current assets29/58€53,343€48,285▼
Amounts receivable within one year40/41€51,404€47,624▼
Trade receivables40€50,980€43,054▼
Other amounts receivable41€424€4,571▲
Cash at bank and in hand54/58€1,939€495▼
Deferred charges and accrued income490/1-€166
Equity and liabilities
Total equity and liabilities10/49€101,267€129,570▲
Equity10/15€12,622€6,452▼
Contributions10/11€4,000€4,000=
Reserves13€8,622€2,452▼
Distributable reserves133€8,622€2,452▼
Amounts payable17/49€88,645€123,118▲
Amounts payable after more than one year17€74,139€92,139▲
Financial debts170/4€74,139€92,139▲
Amounts payable within one year42/48€13,285€28,067▲
Trade debts44€3,691€24,622▲
Suppliers440/4€3,691€24,622▲
Advances received on contracts in progress46€160€3,423▲
Taxes, remuneration and social security45€9,433€22▼
Taxes450/3€9,433€22▼
Accrued charges and deferred income492/3€1,222€2,912▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,542€10,703▲
Other operating charges640/8€407€885▲
Gross operating margin9900€18,193€6,541▼
Operating profit (loss)9901€12,243-€5,047▼
Financial charges65/66B€1,466€1,978▲
Recurring financial charges65€1,466€1,978▲
Profit (loss) for the period before taxes9903€10,777-€7,025▼
Income taxes67/77€2,155-€855▼
Profit (loss) for the period9904€8,622-€6,170▼
Profit (loss) for the period to be appropriated9905€8,622-€6,170▼
Appropriation of the result
Profit (loss) to be appropriated9906€8,622-€6,170▼
Transfer from equity791/2-€6,170
Transfer to equity691/2€8,622€0▼
To other reserves6921€8,622€0▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,542€10,703▲ 93.1%
Other operating charges640/8€407€885▲ 117%
Gross operating margin9900€18,193€6,541▼ 64.0%
Operating profit (loss)9901€12,243-€5,047-
Financial charges65/66B€1,466€1,978▲ 34.9%
Recurring financial charges65€1,466€1,978▲ 34.9%
Profit (loss) for the period before taxes9903€10,777-€7,025-
Income taxes67/77€2,155-€855-
Profit (loss) for the period9904€8,622-€6,170-
Profit (loss) for the period to be appropriated9905€8,622-€6,170-
Line20242025Change
Assets
Total assets20/58€101,267€129,570▲ 27.9%
Fixed assets21/28€47,924€81,285▲ 69.6%
Intangible fixed assets21€47,924€81,285▲ 69.6%
Current assets29/58€53,343€48,285▼ 9.5%
Amounts receivable within one year40/41€51,404€47,624▼ 7.4%
Trade receivables40€50,980€43,054▼ 15.5%
Other amounts receivable41€424€4,571▲ 977%
Cash at bank and in hand54/58€1,939€495▼ 74.5%
Deferred charges and accrued income490/1-€166-
Equity and liabilities
Total equity and liabilities10/49€101,267€129,570▲ 27.9%
Equity10/15€12,622€6,452▼ 48.9%
Contributions10/11€4,000€4,000=
Reserves13€8,622€2,452▼ 71.6%
Distributable reserves133€8,622€2,452▼ 71.6%
Amounts payable17/49€88,645€123,118▲ 38.9%
Amounts payable after more than one year17€74,139€92,139▲ 24.3%
Financial debts170/4€74,139€92,139▲ 24.3%
Amounts payable within one year42/48€13,285€28,067▲ 111%
Trade debts44€3,691€24,622▲ 567%
Suppliers440/4€3,691€24,622▲ 567%
Advances received on contracts in progress46€160€3,423▲ 2,040%
Taxes, remuneration and social security45€9,433€22▼ 99.8%
Taxes450/3€9,433€22▼ 99.8%
Accrued charges and deferred income492/3€1,222€2,912▲ 138%
Line20242025Change
Profit (loss) for the period9904€8,622-€6,170-
+ Depreciation and write-downs630€5,542€10,703▲ 93.1%
Operating cash flow (approximation)€14,164€4,534▼ 68.0%
Investment in fixed assets (approximation)--€44,065-
Change in cash--€1,444-

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

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2025 micro format 25-09-2026 2026-00524084
31-12-2024 micro format 30-08-2025 2025-00469563

Similar companies · same sector, comparable size

Of the 12,024 active companies whose main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203), figures are known for 6,068. 1,175 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.