Equity
SPC has made a profit without a break since 2020.
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SPC has made a profit without a break since 2020.
Green is investment, beige is depreciation.
Three of the last ten came late. The 2017 accounts came latest: 203 days after the end of the period.
In July 2024, 34,693 companies had the same profile as SPC has now. Each dot stands for 87 companies, two years later.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for SPC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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| Company | ||||
|---|---|---|---|---|
| SPC Avelgem | €54,894 | €39,683 | 64.9% | - |
| MisC Waregem | €55,744 | €32,200 | 30.4% | - |
| MALUCA Brussels | €55,371 | €37,959 | -2430.4% | - |
| PRO FIRMUS Brussels | €53,745 | €36,338 | 57.8% | - |
| DESIGN & TECHNOLOGIES Brussels | €60,446 | €42,465 | 13.3% | - |
| FOLEDNIL Etterbeek | €58,363 | €38,183 | 47.9% | - |
| AUTOS CONSULTING Brussels | €54,270 | €39,896 | 82.7% | - |
These companies have the same main activity as SPC: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €53,700 and €60,400, founded between 2007 and 2010.
SPC files the micro format. That format states no turnover. The gross margin rose from €19,863 in 2010 to €39,683 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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