SPCO
ActiveSummary
The computed 12-month bankruptcy probability of SPCO is 5.6% (elevated). The annual accounts of SPCO for fiscal year 2025 show a net loss of 74% of total assets. The 2025 annual accounts show equity of €16,468 and a net result of -€12,800. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 5 accounts on average 7 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 (2)
History
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Financials · fiscal year 2025, micro schema
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,592 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €560 | €8,406 | €8,406 | - | - | - |
| Other operating charges640/8 | €348 | €1,089 | €1,067 | €9,299 | €10,897 | ▲ 17.2% |
| Gross operating margin9900 | €12,565 | €32,696 | €42,828 | €12,128 | -€4,003 | ▼ 133% |
| Operating profit (loss)9901 | €11,657 | €23,201 | €33,355 | €2,830 | -€14,900 | ▼ 627% |
| Financial income75/76B | - | - | €16 | €1,978 | €878 | ▼ 55.6% |
| Recurring financial income75 | - | - | €16 | €1,978 | €878 | ▼ 55.6% |
| Financial charges65/66B | €1,257 | €1,299 | €476 | €498 | €81 | ▼ 83.8% |
| Recurring financial charges65 | €1,257 | €1,299 | €476 | €498 | €81 | ▼ 83.8% |
| Profit (loss) for the period before taxes9903 | €10,399 | €21,902 | €32,896 | €4,310 | -€14,103 | ▼ 427% |
| Income taxes67/77 | - | €7,377 | €10,219 | €2,242 | -€1,302 | ▼ 158% |
| Profit (loss) for the period9904 | €10,399 | €14,525 | €22,676 | €2,068 | -€12,800 | ▼ 719% |
| Profit (loss) for the period to be appropriated9905 | €10,399 | €14,525 | €22,676 | €2,068 | -€12,800 | ▼ 719% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,364 | €62,332 | €86,827 | €64,694 | €17,407 | ▼ 73.1% |
| Fixed assets21/28 | €34,765 | €26,109 | €18,452 | - | - | - |
| Tangible fixed assets22/27 | €33,065 | €24,659 | €16,252 | - | - | - |
| Furniture and vehicles24 | €33,065 | €24,659 | €16,252 | - | - | - |
| Financial fixed assets28 | €1,700 | €1,450 | €2,200 | - | - | - |
| Current assets29/58 | €8,599 | €36,223 | €68,375 | €64,694 | €17,407 | ▼ 73.1% |
| Amounts receivable within one year40/41 | - | €11,495 | €13,431 | €63,318 | €17,388 | ▼ 72.5% |
| Trade receivables40 | - | €11,495 | €13,431 | - | - | - |
| Other amounts receivable41 | - | - | - | €63,318 | €17,388 | ▼ 72.5% |
| Cash at bank and in hand54/58 | €8,599 | €23,411 | €51,903 | €1,377 | €20 | ▼ 98.6% |
| Deferred charges and accrued income490/1 | - | €1,317 | €3,042 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,364 | €62,332 | €86,827 | €64,694 | €17,407 | ▼ 73.1% |
| Equity10/15 | €14,599 | €28,324 | €50,200 | €29,268 | €16,468 | ▼ 43.7% |
| Contributions10/11 | €4,200 | €4,200 | €4,200 | €4,200 | €4,200 | = |
| Capital10 | €4,200 | - | - | - | - | - |
| Issued capital100 | €4,200 | - | - | - | - | - |
| Reserves13 | - | - | €21,876 | €21,876 | €12,268 | ▼ 43.9% |
| Distributable reserves133 | - | - | €21,876 | €21,876 | €12,268 | ▼ 43.9% |
| Profit (loss) carried forward14 | €10,399 | €24,124 | €24,124 | €3,192 | - | - |
| Amounts payable17/49 | €28,765 | €34,008 | €36,627 | €35,426 | €940 | ▼ 97.3% |
| Amounts payable after more than one year17 | - | €11,249 | €5,457 | - | - | - |
| Financial debts170/4 | - | €11,249 | €5,457 | - | - | - |
| Amounts payable within one year42/48 | €28,765 | €22,759 | €31,171 | €35,426 | €940 | ▼ 97.3% |
| Current portion of amounts payable after more than one year42 | €26,351 | €5,630 | €5,793 | - | - | - |
| Trade debts44 | - | €3,323 | €2,270 | - | - | - |
| Suppliers440/4 | - | €3,323 | €2,270 | - | - | - |
| Taxes, remuneration and social security45 | €2,414 | €13,006 | €22,308 | €12,426 | €940 | ▼ 92.4% |
| Taxes450/3 | €2,414 | €13,006 | €22,308 | €12,426 | €940 | ▼ 92.4% |
| Other amounts payable47/48 | - | €800 | €800 | €23,000 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,399 | €14,525 | €22,676 | €2,068 | -€12,800 | ▼ 719% |
| + Depreciation and write-downs630 | €560 | €8,406 | €8,406 | - | - | - |
| Operating cash flow (approximation) | €10,960 | €22,931 | €31,083 | €2,068 | -€12,800 | ▼ 719% |
| Investment in fixed assets (approximation) | - | €250 | -€750 | - | - | - |
| Change in cash | - | €14,812 | €28,491 | -€50,526 | -€1,357 | ▲ 97.3% |
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
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21810L2210/00B010 | Brussels | 116 m² | 1 · 91 m² | 16.2 m · 4 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 30 September 2026 · Peppol Directory
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