SPE
ActiveSummary
SPE has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61,768 and a net result of €524. Equity is growing by about 7.3% per year across the filed financial years. Its solvency ranks better than 20% of 1,255 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
- Staff
- 8.6 FTE
- Equity
- €61,768
- Profit
- €524
- Parent
- GRONDWERKEN TRIKI KOEN · 100%
- Smart Recycling PartnersDirector · permanent representative Pieter Tops
Why 66raises risk1 change of registered office in 24 monthsEquity €61,768 (18.0% of total assets)Sector: Civil engineering (NACE 42)lowers riskFounded in 2005Show the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, micro): better than 21% on solvency, 44% on liquidity, 22% on profitability and 40% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 31 days before the deadline; the sector median (NACE 42) for financial year 2024 is 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
- Appointment: Finvision Bedrijfsrevisoren Hasselt BV (statutory…Power of attorney · Shareholding
- Resignation: Grondwerken Triki Koen BV (director)Appointments: Smart Recycling Partners BV…
- Annual accounts filedfinancial year 2025 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen two years in a row; 2025 is 81% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 42, Civil engineering: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96.5% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 3,984 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €100 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €334,035 | €441,532 | €487,902 | ▲ 10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,058 | €16,200 | €16,745 | €31,000 | €31,000 | €25,400 | €1,151 | ▼ 95.5% |
| Other operating charges640/8 | - | - | - | - | €745 | €627 | €2,438 | ▲ 289% |
| Gross operating margin9900 | €6,559 | €6,007 | €21,275 | €20,568 | €387,151 | €476,124 | €493,138 | ▲ 3.6% |
| Operating profit (loss)9901 | -€4,499 | -€10,275 | €4,350 | -€10,432 | €21,371 | €8,565 | €1,647 | ▼ 80.8% |
| Financial income75/76B | - | - | - | €9 | - | - | - | - |
| Recurring financial income75 | - | - | €1 | €9 | - | - | - | - |
| Financial charges65/66B | - | - | - | €1,293 | €1,073 | €777 | €1,123 | ▲ 44.5% |
| Recurring financial charges65 | €189 | €67 | €1,092 | €1,293 | €1,073 | €777 | €1,123 | ▲ 44.5% |
| Profit (loss) for the period before taxes9903 | -€4,688 | -€10,341 | €3,260 | -€11,716 | €20,298 | €7,788 | €524 | ▼ 93.3% |
| Income taxes67/77 | €1,047 | €363 | - | - | - | €1,803 | - | - |
| Profit (loss) for the period9904 | -€5,734 | -€10,704 | €3,260 | -€11,716 | €20,298 | €5,985 | €524 | ▼ 91.2% |
| Profit (loss) for the period to be appropriated9905 | -€5,734 | -€10,704 | €3,260 | -€11,716 | €20,298 | €5,985 | €524 | ▼ 91.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €72,371 | €44,197 | €147,169 | €121,346 | €158,614 | €134,444 | €342,916 | ▲ 155% |
| Fixed assets21/28 | €50,036 | €33,836 | €138,255 | €107,255 | €76,255 | €37,369 | €208,849 | ▲ 459% |
| Tangible fixed assets22/27 | €50,036 | €33,836 | €138,255 | €107,255 | €76,255 | €37,369 | €208,849 | ▲ 459% |
| Plant, machinery and equipment23 | - | - | - | €88,169 | €62,769 | €37,369 | €208,849 | ▲ 459% |
| Furniture and vehicles24 | - | - | - | €19,086 | €13,486 | - | - | - |
| Current assets29/58 | €22,336 | €10,361 | €8,914 | €14,091 | €82,359 | €97,075 | €134,067 | ▲ 38.1% |
| Stocks and contracts in progress3 | €1,088 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €19,580 | €6,341 | €6,641 | €378 | €35,299 | €91,463 | €93,029 | ▲ 1.7% |
| Trade receivables40 | - | - | - | €170 | €35,090 | €91,255 | €93,029 | ▲ 1.9% |
| Other amounts receivable41 | - | - | - | €209 | €209 | €208 | - | - |
| Current investments50/53 | - | €4,021 | €2,272 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1,667 | - | - | €13,712 | €47,060 | €5,612 | €41,038 | ▲ 631% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €72,371 | €44,197 | €147,169 | €121,346 | €158,614 | €134,444 | €342,916 | ▲ 155% |
| Equity10/15 | €54,121 | €43,417 | €46,677 | €34,960 | €55,258 | €61,243 | €61,768 | ▲ 0.9% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €40,466 | €40,466 | €40,466 | €40,466 | €40,466 | €42,643 | €43,168 | ▲ 1.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €38,606 | €38,606 | €40,783 | €41,308 | ▲ 1.3% |
| Profit (loss) carried forward14 | -€4,945 | -€15,649 | -€12,389 | -€24,106 | -€3,808 | - | - | - |
| Amounts payable17/49 | €18,250 | €780 | €100,492 | €86,386 | €103,356 | €73,201 | €281,148 | ▲ 284% |
| Amounts payable after more than one year17 | - | - | €77,770 | €55,921 | €33,777 | €11,334 | €151,548 | ▲ 13× |
| Financial debts170/4 | - | - | - | €55,921 | €33,777 | €11,334 | €151,548 | ▲ 13× |
| Amounts payable within one year42/48 | €18,250 | €780 | €22,722 | €30,376 | €69,579 | €61,867 | €129,600 | ▲ 109% |
| Current portion of amounts payable after more than one year42 | - | - | - | €23,657 | €23,976 | €24,299 | €47,601 | ▲ 95.9% |
| Trade debts44 | - | €263 | - | €55 | €36,487 | €28,549 | €38,623 | ▲ 35.3% |
| Suppliers440/4 | - | - | - | €55 | €36,487 | €28,549 | €38,623 | ▲ 35.3% |
| Taxes, remuneration and social security45 | - | - | - | €1,164 | €3,616 | €3,519 | €8,083 | ▲ 130% |
| Taxes450/3 | - | - | - | €1,164 | €3,616 | €3,519 | €8,083 | ▲ 130% |
| Other amounts payable47/48 | - | - | - | €5,500 | €5,500 | €5,500 | €35,293 | ▲ 542% |
| Accrued charges and deferred income492/3 | - | - | - | €89 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,734 | -€10,704 | €3,260 | -€11,716 | €20,298 | €5,985 | €524 | ▼ 91.2% |
| + Depreciation and write-downs630 | €11,058 | €16,200 | €16,745 | €31,000 | €31,000 | €25,400 | €1,151 | ▼ 95.5% |
| Operating cash flow (approximation) | €5,324 | €5,496 | €20,004 | €19,284 | €51,298 | €31,385 | €1,675 | ▼ 94.7% |
| Investment in fixed assets (approximation) | - | €0 | -€121,164 | €0 | €0 | €13,486 | -€172,631 | - |
| Change in cash | - | - | - | - | €33,348 | -€41,448 | €35,426 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 20-01-2026 | 2026-00011215 |
| 30-06-2024 | micro format | 17-12-2024 | 2024-00618897 |
| 30-06-2023 | micro format | 18-12-2023 | 2023-00531624 |
| 30-06-2022 | micro format | 23-12-2022 | 2022-20544742 |
| 30-06-2021 | micro format | 23-12-2021 | 2021-81500003 |
| 30-06-2020 | micro format | 08-02-2021 | 2021-04900555 |
| 30-06-2019 | micro format | 18-12-2019 | 2019-76500098 |
| 30-06-2018 | micro format | 24-12-2018 | 2018-75700079 |
| 30-06-2017 | micro format | 22-12-2017 | 2017-73200459 |
| 30-06-2016 | abbreviated format | 14-12-2016 | 2016-70000535 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €2,524 awarded · €2,284 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,353 | €1,678 |
| 2024 | 1 | €639 | €297 |
| 2023 | 1 | €532 | €309 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Day-to-day management 1
Permanent representatives 2
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Smart Recycling Partners |
|
| Transport Triki Koen |
|
| Finvision Bedrijfsrevisoren Hasselt BV |
|
| GRONDWERKEN TRIKI KOEN |
|
Owners and capital
Owners
1 ownerChain of control
Highest known parent: Smart Recycling Partners. The sources do not say who stands above it.
Owners 1
-
100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 17-01-2024 Converted to unavailable equity · €20,460
Group and network
Connections & network
3 connected companiesHistory
Acts, filings and financial milestones
02-07
Gazette deed
Appointment: Finvision Bedrijfsrevisoren Hasselt BV (statutory auditor)Power of attorney · Shareholding3 facts ▸
- Power of attorney, Lambaerts Kevin
- Shareholding, 25-06-2026, “artikel 2:8, §4 WVV” (deed in Dutch)
- Auditor appointment, Finvision Bedrijfsrevisoren Hasselt BV (statutory auditor)
26-01
Gazette deed
Resignation: Grondwerken Triki Koen BV (director)Appointments: Smart Recycling Partners BV (director) and Transport Triki Koen BV (persoon gelast met dagelijks bestuur) · Permanent representatives: Pieter Tops and Koen Triki · Director discharge11 facts ▸
- General meeting, 22-12-2025
- Director resignation, Grondwerken Triki Koen BV (director)
- Director discharge, Grondwerken Triki Koen BV (director)
- Other provision, “wettelijke voorschriften ter zake, griffie van de bevoegde ondernemingsrechtbank” (deed in Dutch) (2 times)
- Director appointment, Smart Recycling Partners BV (director)
- Permanent representative, Pieter Tops
- Other provision, “beroepsverbod” (deed in Dutch)
- Board meeting, 19-12-2025
- Registered-office move, 2235 Hulshout,Corbeillestraat 40
- Director appointment, Transport Triki Koen BV (persoon gelast met dagelijks bestuur)
- Permanent representative, Koen Triki
17-01
Gazette deed
Resignation: GRONDWERKEN TRIKI KOEN (manager)Appointment: GRONDWERKEN TRIKI KOEN (director) · Permanent representative: Koen TRIKI · Amendment of the articles13 facts ▸
- General meeting, 14-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital
- Other provision, “statutair onbeschikbare eigen vermogensrekening, beschikbaar” (deed in Dutch)
- Power of attorney, Marc Topff
- Director resignation, GRONDWERKEN TRIKI KOEN (manager)
- Director appointment, GRONDWERKEN TRIKI KOEN (director)
- Permanent representative, Koen TRIKI
- Director discharge, GRONDWERKEN TRIKI KOEN
- Registered office clause, “3930 Hamont-Achel,Bosstraat 155, Zesde beslissing-Zetel” (deed in Dutch)
- +1 further fact in this act
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0877.631.155
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72012D0433/00A002 | Flanders | 1.1 ha | 1 · 1,845 m² | - |
| 13050B0068/00F003 | Flanders | 6,458 m² | 1 · 5,649 m² | 9.4 m |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het aanleggen en het bouwen van straten en andere wegen, oprijlanen en paden voor voetgangers en voertuigen; Grondverzetwerk meer bepaald…” (deed in Dutch)
17 activities (deed in Dutch)
- Het aanleggen en het bouwen van straten en andere wegen, oprijlanen en paden voor voetgangers en voertuigen.
- Grondverzetwerk meer bepaald het graven, ophogen, egaliseren en nivelleren van bouwterreinen, graven, van sleuven en geulen enzovoort.
- Het bouwen en aanleggen van speel -en sportterreinen en zwembaden.
- Het aanbrengen van chape
- Het uitvoeren van voegwerken.
- De gevelreiniging door middel van zandstralen, met behulp van stoom.
- Het optrekken en afbreken van steigers en werkplatforms.
- Het aanbrengen van pleister- en stukadoorswerk aan de binnen- of buitenzijde van gebouwen en andere bouwwerken
- A. het aanleggen, het oordeelkundig uitbouwen en het beheren van een eigen onroerend vermogen;
- Alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen; de aan en verkoop, huur en verhuur van roerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen, alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen.
- B. het aanleggen, het oordeelkundig uitbouwen en het beheren van een eigen roerend patrimonium;
- Alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door: inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke aard ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen.
- Voor eigen rekening, voor rekening van derden, of in deelneming met derden. Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen, het stimuleren, de planning, de coördinatie van de ontwikkeling en investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt.
- Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren, onder om het even welke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handelsfinanciële operaties verrichten behalve die wettelijk voorbehouden zijn aan depositobanken, houders van deposito op korte termijn, spaarkassen, hypotheekmaatschappijen en kapitalisatieondernemingen. Het opnemen van bestuursmandaten in, en het optreden als adviseur bij alle mogelijke ondernemingen en vennootschappen en verder alle verrichtingen die behoren tot de activiteit van een zogenaamde houdstermaatschappij en dit alles in binnen- en buitenland.
- Het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, knowhow en aanverwante immateriële duurzame activa.
- Het onderzoek, de ontwikkeling, de vervaardiging of commercialisering van nieuwe producten, nieuwe vormen van technologie en hun toepassingen.
- De vennootschap mag daarbij in België of in het buitenland alle verrichtingen stellen van commerciële, industriële onroerende, roerende of financiële aard, die direct of indirect in verband staan met haar voorwerp of verknocht zijn of de verwezenlijking ervan kunnen bevorderen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- SPE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)“Eenvoudig besluit, bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering kan bij opzegging einddatum bepalen of vertrekvergoeding toekennen, niet-statutaire bestuurders ad nutum door algemene…” (deed in Dutch)“Uitvoering opdracht bestuurder in naam en voor rekening rechtspersoon, aansprakelijk alsof eigen opdracht in eigen naam en voor eigen…” (deed in Dutch)“Vaste vertegenwoordiger kan niet in eigen naam noch als vaste vertegenwoordiger van andere rechtspersoon-bestuurder zetelen in…” (deed in Dutch)“Deel van bevoegdheden, geheel van bevoegdheden van bestuurders toegekend” (deed in Dutch)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 January to 31 December
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 18:00