SPARTAN
ActiveSummary
SPARTAN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30k and a net result of €-17k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 73% of 4486 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-79
Solvency87▼-8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.88 against 2.24 in 2024; short-term debt: 37.6% and cash: 10.8% of total assets), and 37.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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
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 2025Solvency, return and age of the figures
Solvency
62.4%
Return on assets
-35.5%
Age of the figures
9 mo
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
66 d early
2023
16 d early
2022
27 d early
2021
21 d early
2020
120 d early
2019
32 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€30k▼ 36.2%
2024 · €46k
2018: €24k
2019: €29k
2020: €34k
2021: €17k
2022: €35k
2023: €41k
2024: €46k
2018 → 2025
Total assets
€47k▼ 28.0%
2024 · €66k
2018: €45k
2019: €43k
2020: €54k
2021: €38k
2022: €60k
2023: €52k
2024: €66k
2018 → 2025
Net result
€-17k
2024 · €5k
2018: €-3k
2019: €5k
2020: €5k
2021: €-17k
2022: €17k
2023: €6k
2024: €5k
2018 → 2025
Working capital
€16k▼ 35.4%
2024 · €24k
2018: €8k
2019: €4k
2020: €11k
2021: €-1k
2022: €21k
2023: €17k
2024: €24k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€17k-€35k▲ 99.9%€41k▲ 17.7%€46k▲ 12.9%€30k▼ 36.2%
Operating result€-16k-€18k€9k▼ 51.5%€8k▼ 12.2%€-17k
Net result€-17k-€17k€6k▼ 64.5%€5k▼ 14.3%€-17k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €17k after €8k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47k
Fixed assets
€14k ▼ 37.2%
Current assets
€33k ▼ 23.3%
Equity and liabilities €47k
Equity
€30k ▼ 36.2%
Debt
€18k ▼ 8.4%
Debt's share of the balance-sheet total rises from 29.6% to 37.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-8k▼
2024 · €15k
Cash flow
€-9k▼
2024 · €12k
Current ratio
1.88▼
2024 · 2.24
Quick ratio
1.23▼
2024 · 1.66
Debt to equity
0.60▲
2024 · 0.42
ROE
-56.9%▼
2024 · 11.4%
ROA
-35.5%▼
2024 · 8.1%
Interest coverage
-74.18▼
2024 · 169.57
Debt ≤ 1 year
€18k▼
2024 · €19k
Income taxes
€0▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€66k€47k▼
Fixed assets21/28€22k€14k▼
Tangible fixed assets22/27€22k€14k▼
Plant, machinery and equipment23€22k€14k▼
Current assets29/58€44k€33k▼
Stocks and contracts in progress3€11k€11k▲
Stocks30/36€11k€11k▲
Amounts receivable within one year40/41€15k€13k▼
Trade receivables40€9k€7k▼
Other amounts receivable41€5k€7k▲
Cash at bank and in hand54/58€15k€5k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€66k€47k▼
Equity10/15€46k€30k▼
Contributions10/11€12k€12k=
Reserves13€34k€30k▼
Distributable reserves133€34k€30k▼
Profit (loss) carried forward14-€-13k
Amounts payable17/49€19k€18k▼
Amounts payable within one year42/48€19k€18k▼
Trade debts44€15k€16k▲
Suppliers440/4€15k€16k▲
Other amounts payable47/48€4k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€1k€597▼
Gross operating margin9900€16k€-8k▼
Operating profit (loss)9901€8k€-17k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€87€114▲
Recurring financial charges65€87€114▲
Profit (loss) for the period before taxes9903€8k€-17k▼
Income taxes67/77€2k€0▼
Profit (loss) for the period9904€5k€-17k▼
Profit (loss) for the period to be appropriated9905€5k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-17k▼
Transfer from equity791/2-€3k
Transfer to equity691/2€5k€0▼
To other reserves6921€5k€0▼
The notes to these accounts (4 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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-17k ▼417%
Net result drops to €-17k, the lowest in the series.
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
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, Ranst · 1 establishment unit since 2010
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.
Emblemseweg 832520 RanstGround area
2,310 m²
Building footprint
312 m²
Volume, LiDAR
167 m³
Parcel 11015A0185/00M000, Flanders · tallest building 8.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ROOF & WOOD PROJECTS
since 20102.190.019.577
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11015A0185/00M000 | Flanders | 2,310 m² | 1 · 312 m² | 8.0 m · 1 fl. |
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.
Similar companies · same sector, comparable size
TUINEN BORIS
BE 0783.295.982
Kortrijk · Eq €29,503
t Zwembad
BE 0700.823.515
Aarschot · Eq €29,527
CIBERG
BE 0829.558.153
Lommel · Eq €29,547
Tuinwerken Neven
BE 0758.488.233
Wellen · Eq €29,577
Thibeau Gardens
BE 1003.476.777
Antwerpen · Eq €29,579
Of 21,216 companies in sector 81300 we hold annual accounts for 4,362. 3,386 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
43910Bricklaying and masonry work
46839Wholesale trade
47521Retail sale of hardware, building materials, paint and glass (general range)
47529Retail trade
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.