Financials
- Fiscal year
- 2024
- Total assets
- €9.0m
- Profit
- €9.8m
- Solvency
- 91.1%
Total assets▲ 1,428%
Net result
20182024
SPASIBA
Judicial reorganisationSummary
The file of SPASIBA contains 1 judicial reorganisation, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2024 annual accounts show equity of €8.2m and a net result of €9.8m. Equity is shrinking by ~2.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025.
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Official Gazette
- 22-07-2026 (pdf) ↗search the document for 2026/130952
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- How you are paid depends on the track: an amicable settlement, a collective agreement with a plan the creditors vote on, or a transfer. The judgment and RegSol say which.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Activity not known1 site
Size
€9.0mtotal assets 2024
- Equity
- €8.2m
- Profit
- €9.8m
Financial health
24
Critical
Checked score 2024Reorganisation running: about 1 in 4 bankrupt within the year
Structure
- Parent
- GROUPE GH · 99%
- Holdings
- 1
Accounts 68 days overdue0 of 11 deeds read
Why 24- In judicial reorganisation- Filed more than 90 days lateShow the evidence
Checked score
Score 2024
24
/ 100
Critical
Without a bankruptcy probability: score from the figures alone
An ongoing judicial reorganisation from the Belgian State Gazette caps the score at 24. Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency
100+100
equity 91.1% of total assets
Liquidity
52+52
short-term debt 3.1% · cash 1.5%
Profitability
100+100
return on assets 108.9%
Bankruptcy probability, 12 months
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).
No credit on open account during an ongoing judicial reorganisation
Liquidity ample (current ratio 28.34 against 0.01 in 2023; short-term debt: 3.1% and cash: 1.5% of total assets), and 8.9% of the assets are financed with debt.
Signals
Two signals.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-12-2025, 144 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
144 days late
2023
184 days late
2022
on the day
2021
134 days late
2020
24 days late
2019
122 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 101 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
- Court officer appointedTribunal de l’entreprise francophone de…
- Annual accounts filedfiscal year 2024 · full…
- Annual accounts filedfiscal year 2023 · unclassified…
Key points
By topic
Board & ownership
- Parent
- GROUPE GH · 99%
Network & group
- Group
- SOCIETE DE GESTION FINANCIERE…
- Subsidiaries
- 1
1 subsidiary
Timeline
- Events
- 15
- Since
- 2016
- 31-12-2024Back to profit
- 31-12-2024Liquidity times 4752
- 31-12-2024Equity above €5m
Company details
- Sites
- 1
- Legal form
- Private limited company
- Founded
- 16-09-1999
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
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