SPEARFISH
ActiveSPEARFISH has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16k and a net result of €-1k. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 17007 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▲+18
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 45.22 against 49.01 in 2024; short-term debt: 2.2% and cash: 56% of total assets), and 3.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
96.6%
Return on assets
-7.8%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-02-2026, 11 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 · 10 filingsDeviation from the deadline
2025
11 d late
2024
25 d late
2023
29 d late
2022
7 d late
2021
23 d late
2020
26 d late
2019
10 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€16k▼ 7.5%
2024 · €17k
2019: €24k
2020: €23k
2021: €22k
2022: €21k
2023: €20k
2024: €17k
2019 → 2025
Total assets
€16k▼ 7.2%
2024 · €18k
2019: €24k
2020: €24k
2021: €23k
2022: €21k
2023: €20k
2024: €18k
2019 → 2025
Net result
€-1k▲ 52.3%
2024 · €-3k
2019: €-1k
2020: €-1k
2021: €-1k
2022: €-1k
2023: €-1k
2024: €-3k
2019 → 2025
Working capital
€16k▼ 7.4%
2024 · €17k
2019: €24k
2020: €23k
2021: €22k
2022: €21k
2023: €20k
2024: €17k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€21k▼ 5.0%€20k▼ 6.4%€17k▼ 13.6%€16k▼ 7.5%
Operating result€-1k-€-1k▼ 0.9%€-1k▼ 31.6%€-3k▼ 98.6%€-1k▲ 53.0%
Net result€-1k-€-1k▼ 4.9%€-1k▼ 19.8%€-3k▼ 99.9%€-1k▲ 52.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2025 against €3k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €16k
Equity
€16k▼ 7.5%
Debt
€559▲ 1.4%
The debt ratio rises from 3.1% to 3.4%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
96.6%▼
2024 · 96.9%
Current ratio
45.22▼
2024 · 49.01
Quick ratio
45.22▼
2024 · 49.01
Debt / equity
0.04▲
2024 · 0.03
ROE
-8.1%▲
2024 · -15.7%
ROA
-7.8%▲
2024 · -15.2%
Debt
€559▲
2024 · €551
Debt ≤ 1 year
€360▲
2024 · €358
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€18k€16k▼
Current assets29/58€18k€16k▼
Current investments50/53€7k€7k=
Cash at bank and in hand54/58€10k€9k▼
Deferred charges and accrued income490/1€149€155▲
Equity and liabilities
Total equity and liabilities10/49€18k€16k▼
Equity10/15€17k€16k▼
Contributions10/11€12k€12k=
Outside capital11€12k€12k=
Share premium1100/10€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€3k€1k▼
Amounts payable17/49€551€559▲
Amounts payable within one year42/48€358€360▲
Trade debts44€118€120▲
Suppliers440/4€118€120▲
Other amounts payable47/48€240€240=
Accrued charges and deferred income492/3€194€200▲
Income statement
Code20242025
Other operating charges640/8€499€512▲
Gross operating margin9900€-2k€-738▲
Operating profit (loss)9901€-3k€-1k▲
Financial charges65/66B€10€23▲
Recurring financial charges65€10€23▲
Profit (loss) for the period before taxes9903€-3k€-1k▲
Profit (loss) for the period9904€-3k€-1k▲
Profit (loss) for the period to be appropriated9905€-3k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€1k▼
Profit (loss) brought forward from the previous period14P€5k€3k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
25-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
30-06
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
07-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
23-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
10-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
08-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
18-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 18 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Mortsel · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nieuwelei 312640 MortselGround area
884 m²
Building footprint
181 m²
Volume, LiDAR
781 m³
Parcel 11513C0471/00H000, Flanders · tallest building 8.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Spearfish
since 20122.205.962.716
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0471/00H000 | Flanders | 884 m² | 1 · 181 m² | 8.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
98450097DB7I77FC0655
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 11,913 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-01-2012
Fiscal year end30-06
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.