Financials
- Fiscal year
- 2025
- Total assets
- €223,936
- Profit
- €90,617
- Solvency
- 62.8%
Total assets▲ 46.7%
Net result
20232025
SPC Project
ActiveSummary
The computed 12-month bankruptcy probability of SPC Project is 3.6% (moderate). The 2025 annual accounts show equity of €140,583 and a net result of €90,617. Equity is growing by ~132.8% per year across the filed fiscal years. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Agents in non-specialised wholesale trade
NACE 46190
1 site
Size
€223,936total assets 2025
- Equity
- €140,583
- Profit
- €90,617
Turnover not published (abridged schema)
Structure
Accounts 32 d early0 of 1 deed read
Why 51- Figures for FY 2024 (filed 23-06-2025)- Founded in 2023- Liquidity: current ratio 1.42, cash €2,800Show the evidence
Checked score
Score 2025
51
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 63% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
88+30
equity 62.8% of total assets
Liquidity
85+69
short-term debt 33.3% · cash 49.4%
Profitability
100=
return on assets 40.5%
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 14 months
09-2025: 2.1%
10-2025: 2.1%● 0.0% vs 09-2025
11-2025: 2.1%▼ -1.4% vs 10-2025
12-2025: 2.0%▼ -4.7% vs 11-2025
01-2026: 1.8%▼ -9.5% vs 12-2025
02-2026: 1.8%▼ -0.8% vs 01-2026lowest value
03-2026: 1.8%● 0.0% vs 02-2026lowest value
04-2026: 1.9%▲ +3.7% vs 03-2026
05-2026: 2.0%▲ +3.9% vs 04-2026
06-2026: 2.0%▲ +0.1% vs 05-2026
07-2026: 2.0%▲ +3.9% vs 06-2026
08-2026: 2.2%▲ +6.5% vs 07-2026
09-2026: 2.5%▲ +15.3% vs 08-2026
10-2026: 3.6%▲ +42.7% vs 09-2026highest value
- Figures for FY 2024 (filed 23-06-2025) raises the probability
- Founded in 2023 raises the probability for this profile
- Liquidity: current ratio 1.42, cash €2,800 raises the probability
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 2.58 against 1.42 in 2024; short-term debt: 33.3% and cash: 49.4% of total assets), and 37.2% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 42%, liquidity 16%, profitability 95%, growth against the median 99%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 29-06-2026, 32 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
32 d early
2024
39 d early
2023
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 29 June (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Highest result since 2023net €90,617 ▲115%
- Equity above €100,000Eq €140,583 ▲181%
Key points
By topic
Timeline
- Events
- 5
- Since
- 2024
- Next accounts
- by 31-07-2027
- 29-06-2026Annual accounts filed
- 31-12-2025Highest result since 2023
- 31-12-2025Equity above €100,000
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Agents in non-specialised wholesale tradeNACE 46190
- Founded
- 24-04-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.