SPARTAN
ActiveSPARTAN has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62k and a net result of €-22k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 16989 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-12
Solvency62▼-36
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.55 against 1.41 in 2024; short-term debt: 59.1% and cash: 2.8% of total assets), and 62.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 62
Relative position
BE, all sectors
reference
Sector 62
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
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
37.4%
Return on assets
-13.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
26 d late
2023
2 d late
2022
31 d late
2021
24 d late
2020
26 d late
2019
24 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-22k▼ 437%
2024 · €-4k
2018: €8k
2019: €-13k
2020: €-12k
2021: €34k
2022: €26k
2023: €41k
2024: €-4k
2018 → 2025
Working capital
€-44k
2024 · €13k
2018: €37k
2019: €8k
2020: €244
2021: €18k
2022: €-25k
2023: €7k
2024: €13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€48k▲ 123%€89k▲ 85.8%€84k▼ 4.7%€62k▼ 26.4%
Operating result€38k-€31k▼ 17.5%€52k▲ 67.4%€-3k€-20k▼ 498%
Net result€34k-€26k▼ 23.8%€41k▲ 55.7%€-4k€-22k▼ 437%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20k in 2025 against €3k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €166k
Fixed assets
€112k▲ 56.6%
Current assets
€54k▲ 20.9%
Equity and liabilities €166k
Equity
€62k▼ 26.4%
Debt
€104k▲ 227%
The debt ratio rises from 27.3% to 62.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€21k▼
2024 · €23k
Cash flow
€19k▼
2024 · €22k
Solvency
37.4%▼
2024 · 72.7%
Current ratio
0.55▼
2024 · 1.41
Quick ratio
0.55▼
2024 · 1.41
Debt / equity
1.67▲
2024 · 0.38
ROE
-35.9%▼
2024 · -4.9%
ROA
-13.4%▼
2024 · -3.6%
Interest coverage
9.06▼
2024 · 11.55
Debt
€104k▲
2024 · €32k
Debt ≤ 1 year
€98k▲
2024 · €32k
Income taxes
€0=
2024 · €0
Staff costs
€26k▲
2024 · €20k
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€116k€166k▲
Fixed assets21/28€71k€112k▲
Intangible fixed assets21€5k€3k▼
Tangible fixed assets22/27€66k€109k▲
Land and buildings22€38k€27k▼
Plant, machinery and equipment23€24k€79k▲
Furniture and vehicles24€4k€3k▼
Current assets29/58€45k€54k▲
Amounts receivable within one year40/41€42k€48k▲
Trade receivables40€28k€24k▼
Other amounts receivable41€13k€24k▲
Cash at bank and in hand54/58€2k€5k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€116k€166k▲
Equity10/15€84k€62k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€76k€54k▼
Amounts payable17/49€32k€104k▲
Amounts payable within one year42/48€32k€98k▲
Current portion of amounts payable after more than one year42€3k€3k▲
Trade debts44€10k€73k▲
Suppliers440/4€10k€73k▲
Taxes, remuneration and social security45€15k€17k▲
Taxes450/3€11k€12k▲
Remuneration and social security454/9€4k€5k▲
Other amounts payable47/48€3k€4k▲
Accrued charges and deferred income492/3€55€6k▲
Income statement
Code20242025
Remuneration, social security and pensions62€20k€26k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€41k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€45k€50k▲
Operating profit (loss)9901€-3k€-20k▼
Financial income75/76B€1k€126▼
Recurring financial income75€1k€126▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-4k€-22k▼
Income taxes67/77€0€0=
Profit (loss) for the period9904€-4k€-22k▼
Profit (loss) for the period to be appropriated9905€-4k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€76k€54k▼
Profit (loss) brought forward from the previous period14P€80k€76k▼
The notes to these accounts (9 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 26 days late
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 2 days late
2023
31-12
Financial
Highest result since 2018net €41k ▲55.7%
Operating result €52k, net result €41k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 31 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 24 days late
2021
31-12
Financial
Back to profitnet €34k
Net result €34k after 2 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 17 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Sankt Vith · 1 establishment unit since 2021
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.
Malmedyer Strasse 22 D4780 Sankt Vith1 establishment unit
SPARTAN
since 20212.322.099.133
Recognitions · licences · registrations
Food safety, FASFC
1 siteSankt Vith/Saint-Vith2.322.099.133
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Of 16,878 companies in sector 62100 we hold annual accounts for 8,776. 6,902 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-10-2007
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
72220
93130Fitness centres
80424
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filings
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.