SPEARPOINT
SPEARPOINT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-171k) and a net result of €-432k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 2591 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €-171k |
| Net result | €-432k |
| Staff (FTE) | 12.8 |
| Better than sector | 13% |
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -10.2% | 46.0% | |
| Net result | €-432k | €24k | |
| Equity | €-171k | €141k | |
| Gross operating margin | €649k | €90k | |
| Staff costs | €942k | €282k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | micro schema | micro schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-296k | €220k | €267k | €66k | €122k |
| Net profit | €-432k | €88k | €140k | €2k | €24k |
| Cash flow | €-303k | €191k | €220k | €55k | €51k |
| Staff costs | €942k | €646k | €377k | €373k | - |
| Income taxes | €615 | €27k | €41k | €737 | €1k |
| Dividends | - | - | - | - | - |
| Total assets | €1.67M | €1.40M | €1.02M | €784k | €335k |
| Equity | €-171k | €262k | €174k | €34k | €32k |
| Debt | €1.84M | €1.14M | €842k | €751k | €303k |
| of which ≤ 1y | €1.17M | €774k | €633k | €525k | €218k |
| of which > 1y | €152k | €152k | €124k | €133k | €5k |
| Working capital | €-75k | €161k | €29k | €-38k | €53k |
| Employees (FTE) | 12.8 | 9.9 | 7.4 | 5.8 | 3.3 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.94 | 1.21 | 1.05 | 0.93 | 1.24 |
| Quick ratio | 0.68 | 1.00 | 0.78 | 0.75 | 1.05 |
| Working capital ratio | -4.5% | 11.5% | 2.8% | -4.9% | 15.9% |
| Solvency | -10.2% | 18.7% | 17.1% | 4.3% | 9.5% |
| Debt / equity | -10.79 | 4.36 | 4.84 | 22.30 | 0.17 |
| Long-term debt ratio | -0.89 | 0.58 | 0.71 | 3.95 | 0.17 |
| Interest coverage | -13.51 | 22.25 | 18.57 | 6.31 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -25.9% | 6.2% | 13.8% | 0.2% | 7.1% |
| ROE | 253.1% | 33.5% | 80.7% | 5.5% | 74.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (28 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.67M | €1.40M | €1.02M | €784k | €335k |
| Fixed assets | 21/28 | €524k | €467k | €353k | €297k | €63k |
| Formation expenses | 20 | €49k | - | - | - | - |
| Intangible fixed assets | 21 | €77k | €11k | €7k | - | - |
| Tangible fixed assets | 22/27 | €440k | €455k | €345k | €296k | €62k |
| Financial fixed assets | 28 | €7k | €2k | €2k | €2k | €2k |
| Current assets | 29/58 | €1.10M | €935k | €662k | €487k | €272k |
| Stocks & contracts in progress | 3 | €305k | €162k | €168k | €94k | €43k |
| Amounts receivable within one year | 40/41 | €629k | €586k | €199k | €254k | €154k |
| Investments | 50/53 | €17k | - | - | - | - |
| Cash & bank | 54/58 | €65k | €120k | €252k | €13k | €36k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.67M | €1.40M | €1.02M | €784k | €335k |
| Equity | 10/15 | €-171k | €262k | €174k | €34k | €32k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | - |
| Reserves | 13 | €2k | €255k | €168k | €2k | €2k |
| Accumulated profits (losses) | 14 | €-179k | - | €0 | €26k | €24k |
| Amounts payable | 17/49 | €1.84M | €1.14M | €842k | €751k | €303k |
| Amounts payable after one year | 17 | €152k | €152k | €124k | €133k | €5k |
| Amounts payable within one year | 42/48 | €1.17M | €774k | €633k | €525k | €218k |
| Trade debts payable within one year | 44 | €682k | €592k | €456k | €400k | €111k |
| Income statement | ||||||
| Gross operating margin | 9900 | €649k | €875k | €666k | €450k | €325k |
| Operating result | 9901 | €-425k | €117k | €187k | €13k | €94k |
| Financial income | 75 | €15k | €7k | €8k | €298 | €2k |
| Financial charges | 65 | €22k | €10k | €14k | €11k | €6k |
| Result before taxes | 9903 | €-432k | €114k | €181k | €3k | €90k |
| Income taxes | 67/77 | €615 | €27k | €41k | €737 | €1k |
| Net result for the period | 9904 | €-432k | €88k | €140k | €2k | €89k |
| Result to be appropriated | 9905 | €-432k | €88k | €140k | €2k | €89k |
| NACE primary | Computer programming(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 14-10-2011 |
| Status | Active |
| Postal code | 2310 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13037H0771/00Z000 | Flanders | 1,410 m² | 1 · 660 m² | 5.8 m · 2 fl. |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
08-03-2022 Registered office moved within Rijkevorsel
- 2310 Rijkevorsel, Bergsken 7 → 2310 Rijkevorsel, Heerbaan 8 C
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "2310 Rijkevorsel, Heerbaan 8 C",
"city": "Rijkevorsel",
"region": "vlaams_gewest",
"street": "Heerbaan",
"country": "BE",
"postcode": "2310",
"box_number": "C",
"street_number": "8",
"locality_suffix": null
},
"old_address": {
"raw": "2310 Rijkevorsel, Bergsken 7",
"city": "Rijkevorsel",
"region": "vlaams_gewest",
"street": null,
"country": "BE",
"postcode": "2310",
"box_number": null,
"street_number": null,
"locality_suffix": null
},
"effective_date": "2022-02-23",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Luik",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2022-03-08",
"filing_date": "2022-02-28",
"act_kind_objet": "ZETELVERPLAATSING"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2022-02-23",
"unanimous": true
},
"subject_company": {
"kbo": "0840.320.205",
"name_full": "SPEARPOINT",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "De heer Oogjen Doron",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [
"Verslag bav"
]
}| Legal nameNL | SPEARPOINT |