SPATIO
ActiveSummary
SPATIO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62k and a net result of €102k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 37% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+1
Solvency51=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.41 in 2024; short-term debt: 74.5% and cash: 34% of total assets), and 74.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
25.5%
Return on assets
42%
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 17-08-2026, 17 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
17 d late
2024
21 d late
2023
16 d late
2022
23 d late
2021
31 d late
2020
1 d early
2019
13 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€62k▲ 13.5%
2024 · €55k
Total assets
€244k▲ 17.6%
2024 · €207k
Net result
€102k▲ 103%
2024 · €50k
Working capital
€61k▲ 4.4%
2024 · €59k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-1k€26k€64k▲ 147%€46k▼ 27.3%€113k▲ 145%
Net result€12k▼ 55.8%€43k▲ 252%€63k▲ 47.2%€50k▼ 20.3%€102k▲ 103%
Equity€62k▼ 11.2%€80k▲ 29.2%€118k▲ 48.1%€55k▼ 53.6%€62k▲ 13.5%
Total assets€210k▲ 12.0%€237k▲ 13.1%€266k▲ 12.4%€207k▼ 22.2%€244k▲ 17.6%
Debt€148k▲ 25.6%€157k▲ 6.3%€148k▼ 5.7%€152k▲ 2.9%€181k▲ 19.0%
Working capital€40k▼ 38.8%€61k▲ 51.8%€111k▲ 83.1%€59k▼ 47.0%€61k▲ 4.4%
Staff (FTE)0.61▲ 66.7%1.7▲ 70.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 145% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €244k
Fixed assets
€714 ▼ 88.5%
Current assets
€243k ▲ 20.8%
Equity and liabilities €244k
Equity
€62k ▲ 13.5%
Debt
€181k ▲ 19.0%
Debt's share of the balance-sheet total rises from 73.6% to 74.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€119k▲
2024 · €54k
Cash flow
€108k▲
2024 · €59k
Current ratio
1.34▼
2024 · 1.41
Quick ratio
0.71▲
2024 · 0.52
Debt to equity
2.92▲
2024 · 2.78
ROE
164.6%▲
2024 · 92.1%
ROA
42.0%▲
2024 · 24.4%
Interest coverage
31.31▼
2024 · 41.45
Debt ≤ 1 year
€181k▲
2024 · €142k
Income taxes
€36k▲
2024 · €19k
Staff costs
€58k▲
2024 · €40k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €22k | €40k | €58k | ▲ 47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €8k | €8k | €8k | €5k | ▼ 35.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-494 | - | - | €-4k | - |
| Other operating charges640/8 | €319 | €964 | €505 | €2k | €5k | ▲ 186% |
| Gross operating margin9900 | €10k | €34k | €94k | €96k | €178k | ▲ 85.7% |
| Operating profit (loss)9901 | €-1k | €26k | €64k | €46k | €113k | ▲ 145% |
| Financial income75/76B | €21k | €37k | €26k | €25k | €29k | ▲ 17.1% |
| Recurring financial income75 | €21k | €37k | €26k | €25k | €29k | ▲ 17.1% |
| Financial charges65/66B | €4k | €4k | €2k | €1k | €4k | ▲ 189% |
| Recurring financial charges65 | €4k | €4k | €2k | €1k | €4k | ▲ 189% |
| Profit (loss) for the period before taxes9903 | €16k | €59k | €87k | €70k | €139k | ▲ 98.6% |
| Income taxes67/77 | €4k | €16k | €24k | €19k | €36k | ▲ 87.6% |
| Profit (loss) for the period9904 | €12k | €43k | €63k | €50k | €102k | ▲ 103% |
| Profit (loss) for the period to be appropriated9905 | €12k | €43k | €63k | €50k | €102k | ▲ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €210k | €237k | €266k | €207k | €244k | ▲ 17.6% |
| Fixed assets21/28 | €30k | €22k | €15k | €6k | €714 | ▼ 88.5% |
| Tangible fixed assets22/27 | €28k | €20k | €14k | €6k | €565 | ▼ 90.1% |
| Plant, machinery and equipment23 | €8k | €6k | €3k | €2k | €344 | ▼ 81.5% |
| Furniture and vehicles24 | €20k | €14k | €10k | €4k | €221 | ▼ 94.3% |
| Financial fixed assets28 | €2k | €2k | €1k | €499 | €149 | ▼ 70.2% |
| Current assets29/58 | €179k | €215k | €251k | €201k | €243k | ▲ 20.8% |
| Stocks and contracts in progress3 | €134k | €162k | €120k | €128k | €115k | ▼ 10.3% |
| Stocks30/36 | €134k | €162k | €120k | €128k | €115k | ▼ 10.3% |
| Amounts receivable within one year40/41 | €31k | €36k | €13k | €10k | €22k | ▲ 114% |
| Trade receivables40 | €31k | €35k | €12k | €5k | €14k | ▲ 184% |
| Other amounts receivable41 | €701 | €989 | €748 | €5k | €7k | ▲ 44.5% |
| Current investments50/53 | - | - | - | €21k | €21k | = |
| Cash at bank and in hand54/58 | €11k | €14k | €116k | €41k | €83k | ▲ 104% |
| Deferred charges and accrued income490/1 | €3k | €3k | €2k | €2k | €3k | ▲ 67.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €210k | €237k | €266k | €207k | €244k | ▲ 17.6% |
| Equity10/15 | €62k | €80k | €118k | €55k | €62k | ▲ 13.5% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Reserves13 | €3k | €3k | €3k | €23k | €23k | = |
| Non-distributable reserves130/1 | €3k | €3k | €3k | €23k | €23k | = |
| Reserves not available under the articles1311 | €3k | €3k | €3k | €3k | €3k | = |
| Own shares acquired1312 | - | - | - | €21k | €21k | = |
| Profit (loss) carried forward14 | €34k | €53k | €91k | €7k | €14k | ▲ 109% |
| Amounts payable17/49 | €148k | €157k | €148k | €152k | €181k | ▲ 19.0% |
| Amounts payable after more than one year17 | €9k | €3k | - | - | - | - |
| Financial debts170/4 | €9k | €3k | - | - | - | - |
| Amounts payable within one year42/48 | €139k | €154k | €140k | €142k | €181k | ▲ 27.7% |
| Current portion of amounts payable after more than one year42 | €5k | €6k | €3k | - | - | - |
| Financial debts43 | €51k | €31k | €1k | €1k | €1k | = |
| Credit institutions430/8 | €1k | €1k | €1k | €1k | €1k | = |
| Other loans439 | €50k | €30k | - | - | - | - |
| Trade debts44 | €38k | €70k | €63k | €54k | €32k | ▼ 39.6% |
| Suppliers440/4 | €38k | €70k | €63k | €54k | €32k | ▼ 39.6% |
| Advances received on contracts in progress46 | - | - | - | - | €28k | - |
| Taxes, remuneration and social security45 | €17k | €14k | €39k | €34k | €23k | ▼ 31.9% |
| Taxes450/3 | €17k | €14k | €32k | €26k | €12k | ▼ 56.1% |
| Remuneration and social security454/9 | - | - | €7k | €8k | €12k | ▲ 51.4% |
| Other amounts payable47/48 | €27k | €33k | €34k | €53k | €97k | ▲ 81.6% |
| Accrued charges and deferred income492/3 | - | - | €8k | €10k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €43k | €63k | €50k | €102k | ▲ 103% |
| + Depreciation and write-downs630 | €11k | €8k | €8k | €8k | €5k | ▼ 35.9% |
| Operating cash flow (approximation) | €23k | €51k | €72k | €59k | €108k | ▲ 83.8% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €845 | €350 | ▼ 58.5% |
| Change in cash | - | €2k | €103k | €-76k | €42k | ▲ 156% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
27-03
State Gazette act
Resignation: David Thiry (non-statutory director)Power of attorney3 facts ▸
State Gazette act
Resignation: David Thiry (non-statutory director)
Power of attorney3 facts ▸
- General meeting, 02/02/2026
- Director resignation, David Thiry (non-statutory director)
- Power of attorney, BV THESORAFISC
2025
31-12
Financial
Highest result since 2018net €102k ▲103%
Operating result €113k, net result €102k, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
31-12
Financial
Equity above €100kEq €118k ▲48.1%
6 profitable years in a row build equity to €118k.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
02-02-2026
Resigned as Non-statutory director
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Pieters-Leeuw · 1 establishment unit since 2003
Ground area
7,133 m²
Building footprint
4,226 m²
Volume, LiDAR
23,770 m³
Parcel 23077A0175/00N003, Flanders · tallest building 20.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Bergensesteenweg 189, 1600 Sint-Pieters-Leeuw
since 20032.123.188.359
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0175/00N003 | Flanders | 7,133 m² | 1 · 4,226 m² | 20.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
PHIKRICA
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VERBICON
BE 0669.514.289
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JULES FRANS 2
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Milestone Belgium
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Of 1,805 companies in sector 46831 we hold annual accounts for 1,397. 682 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded13-12-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
46839Wholesale trade
71112Activities of interior architects
Scores and ratios are computed by Checked and are not a credit decision.