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SPDA

Active
Private limited companyfounded 20251 yr activeKoninklijke-Prinsstraat 71, 1050 Elsene, BelgiumKBO/BCE: BE 1022.447.603
Summary

The computed 12-month bankruptcy probability of SPDA is 3.7% (moderate). The 2025 annual accounts show negative equity (-€110,789) and a net result of -€112,789. The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability36
Solvency24
Growth-
Track record67
Bankruptcy probability, 12 months
3.7% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.0; short-term debt: 100% and cash: 0% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-0.6%
Return on assets
-0.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SPDA was incorporated on 16 April 2025 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€110,789
Total assets
€17.5m
Net result
-€112,789
Working capital
-€17.5m

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €17.5m
Fixed assets €17.5m
Current assets €1,491
Key figures and ratios
2025 value
Solvency
-0.6%
Current ratio
0.00
ROA
-0.6%
Debt
€17.6m
Debt ≤ 1 year
€17.5m
A ratio outside any meaningful range has been withheld (balance sheet total €17.5m, equity -€110,789).
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 22 lines
Balance sheet Code2025
Assets
Total assets20/58€17.5m
Fixed assets21/28€17.5m
Financial fixed assets28€17.5m
Current assets29/58€1,491
Cash at bank and in hand54/58€1,491
Equity and liabilities
Total equity and liabilities10/49€17.5m
Equity10/15-€110,789
Contributions10/11€2,000
Profit (loss) carried forward14-€112,789
Amounts payable17/49€17.6m
Amounts payable within one year42/48€17.5m
Other amounts payable47/48€17.5m
Accrued charges and deferred income492/3€110,753
Income statement Code2025
Other operating charges640/8€400
Gross operating margin9900-€1,636
Operating profit (loss)9901-€2,035
Financial charges65/66B€110,753
Recurring financial charges65€110,753
Profit (loss) for the period before taxes9903-€112,789
Profit (loss) for the period9904-€112,789
Profit (loss) for the period to be appropriated9905-€112,789
Appropriation of the result
Profit (loss) to be appropriated9906-€112,789

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Other operating charges640/8€400
Gross operating margin9900-€1,636
Operating profit (loss)9901-€2,035
Financial charges65/66B€110,753
Recurring financial charges65€110,753
Profit (loss) for the period before taxes9903-€112,789
Profit (loss) for the period9904-€112,789
Profit (loss) for the period to be appropriated9905-€112,789
Line2025
Assets
Total assets20/58€17.5m
Fixed assets21/28€17.5m
Financial fixed assets28€17.5m
Current assets29/58€1,491
Cash at bank and in hand54/58€1,491
Equity and liabilities
Total equity and liabilities10/49€17.5m
Equity10/15-€110,789
Contributions10/11€2,000
Profit (loss) carried forward14-€112,789
Amounts payable17/49€17.6m
Amounts payable within one year42/48€17.5m
Other amounts payable47/48€17.5m
Accrued charges and deferred income492/3€110,753
Line2025
Profit (loss) for the period9904-€112,789
Operating cash flow (approximation)-€112,789

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
259 m²
Building footprint
119 m²
Volume, LiDAR
1,704 m³
Parcel 21009A0357/00Y009, Brussels · tallest building 17.5 m, ±5 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
SPDA
Koninklijke-Prinsstraat 71, 1050 ElseneOther business support services
since 20252.382.654.649
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21009A0357/00Y009 Brussels 259 m² 1 · 119 m² 17.5 m · 5 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.

Structure & network

Owners and holdings

1 holding · 3 subsidiaries in the tree

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

All subsidiaries, including indirect ones 3

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the 2025 annual accounts of SPDA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded16-04-2025
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.