Specter
ActiveSummary
Specter has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €162,420 and a net result of €313,652. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 11% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-9
Solvency30▼-2
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.14 in 2024; short-term debt: 90.6% and cash: 0.5% of total assets), and 95.4% of the assets are financed with debt.
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Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.6%
Return on assets
8.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 8737 sector peers (2025).
NBB · sector comparisonPosition among 8737 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-04-2026, 108 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
108 d early
2024
93 d early
2023
35 d early
2022
28 d early
2021
90 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 71 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€162,420▲ 2.3%
2024 · €158,768
Total assets
€3.5m▲ 52.6%
2024 · €2.3m
Net result
€313,652▼ 16.0%
2024 · €373,406
Working capital
€240,787▼ 14.3%
2024 · €280,987
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€58,412-€176,097▲ 201%-€15,555€439,986€369,724▼ 16.0%
Net result€45,436within the sector's middle half-€127,131above the sector's middle half▲ 180%-€42,206below the sector's middle half€373,406above the sector's middle half€313,652above the sector's middle half▼ 16.0%
Equity€50,436within the sector's middle half-€177,567within the sector's middle half▲ 252%€135,361within the sector's middle half▼ 23.8%€158,768within the sector's middle half▲ 17.3%€162,420within the sector's middle half▲ 2.3%
Total assets€295,210within the sector's middle half-€1.2mabove the sector's middle half▲ 322%€1.7mwithin the sector's middle half▲ 38.4%€2.3mwithin the sector's middle half▲ 33.5%€3.5mabove the sector's middle half▲ 52.6%
Debt€244,774-€1.1m▲ 336%€1.6m▲ 48.7%€2.1m▲ 34.8%€3.3m▲ 56.3%
Working capital€132,320-€325,688▲ 146%€278,730▼ 14.4%€280,987▲ 0.8%€240,787▼ 14.3%
Solvency17.1%below the sector's middle half-14.3%below the sector's middle half▼ 2.8pp7.9%below the sector's middle half▼ 6.4pp6.9%below the sector's middle half▼ 1.0pp4.6%below the sector's middle half▼ 2.3pp
Staff (FTE)0.6-3.9▲ 550%10above the sector's middle half▲ 156%13.4above the sector's middle half▲ 34.0%13.1above the sector's middle half▼ 2.2%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Staff (FTE) +156% on 2022. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.5m
Fixed assets
€87,283 ▲ 51.4%
Current assets
€3.4m ▲ 52.6%
Equity and liabilities €3.5m
Equity
€162,420 ▲ 2.3%
Debt
€3.3m ▲ 56.3%
Debt's share of the balance-sheet total rises from 93.1% to 95.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€377,878▼
2024 · €446,104
Cash flow
€321,807▼
2024 · €379,524
Current ratio
1.08▼
2024 · 1.14
Debt to equity
20.59▲
2024 · 13.48
ROE
193.1%▼
2024 · 235.2%
ROA
8.9%▼
2024 · 16.2%
Interest coverage
8.66▼
2024 · 8.94
Debt ≤ 1 year
€3.2m▲
2024 · €2.0m
Debt > 1 year
€157,188▼
2024 · €175,938
Income taxes
€12,415▼
2024 · €16,697
Staff costs
€831,579▲
2024 · €773,035
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 875 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.1%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 875 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €13,132 | €141,728 | €490,204 | €773,035 | €831,579 | ▲ 7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,827 | €5,466 | €6,118 | €8,154 | ▲ 33.3% |
| Other operating charges640/8 | €91 | €1,228 | €8,839 | €8,919 | €8,379 | ▼ 6.1% |
| Gross operating margin9900 | €71,634 | €321,880 | €488,954 | €1.2m | €1.2m | ▼ 0.8% |
| Operating profit (loss)9901 | €58,412 | €176,097 | -€15,555 | €439,986 | €369,724 | ▼ 16.0% |
| Financial income75/76B | €0 | €36 | €2 | €0 | - | - |
| Recurring financial income75 | €0 | €36 | €2 | €0 | - | - |
| Financial charges65/66B | €932 | €12,247 | €26,464 | €49,883 | €43,657 | ▼ 12.5% |
| Recurring financial charges65 | €932 | €12,247 | €26,464 | €49,883 | €43,657 | ▼ 12.5% |
| Profit (loss) for the period before taxes9903 | €57,480 | €163,886 | -€42,017 | €390,103 | €326,067 | ▼ 16.4% |
| Income taxes67/77 | €12,045 | €36,755 | €189 | €16,697 | €12,415 | ▼ 25.6% |
| Profit (loss) for the period9904 | €45,436 | €127,131 | -€42,206 | €373,406 | €313,652 | ▼ 16.0% |
| Profit (loss) for the period to be appropriated9905 | €45,436 | €127,131 | -€42,206 | €373,406 | €313,652 | ▼ 16.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €295,210 | €1.2m | €1.7m | €2.3m | €3.5m | ▲ 52.6% |
| Fixed assets21/28 | €8,116 | €57,504 | €55,146 | €57,633 | €87,283 | ▲ 51.4% |
| Tangible fixed assets22/27 | - | €40,012 | €37,654 | €40,141 | €67,658 | ▲ 68.5% |
| Plant, machinery and equipment23 | - | - | - | €7,410 | €34,511 | ▲ 366% |
| Furniture and vehicles24 | - | €4,805 | €6,189 | €5,009 | €9,167 | ▲ 83.0% |
| Other tangible fixed assets26 | - | €35,207 | €31,465 | €27,723 | €23,980 | ▼ 13.5% |
| Financial fixed assets28 | €8,116 | €17,492 | €17,492 | €17,492 | €19,626 | ▲ 12.2% |
| Current assets29/58 | €287,094 | €1.2m | €1.7m | €2.2m | €3.4m | ▲ 52.6% |
| Amounts receivable within one year40/41 | €158,551 | €1.2m | €1.6m | €2.2m | €3.4m | ▲ 52.9% |
| Trade receivables40 | €158,551 | €1.2m | €1.5m | €2.0m | €3.1m | ▲ 54.0% |
| Other amounts receivable41 | - | €9,489 | €91,659 | €216,847 | €310,138 | ▲ 43.0% |
| Cash at bank and in hand54/58 | €128,544 | €0 | - | €23,533 | €17,295 | ▼ 26.5% |
| Deferred charges and accrued income490/1 | - | €10,659 | €42,006 | €13,312 | €31,537 | ▲ 137% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €295,210 | €1.2m | €1.7m | €2.3m | €3.5m | ▲ 52.6% |
| Equity10/15 | €50,436 | €177,567 | €135,361 | €158,768 | €162,420 | ▲ 2.3% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €45,436 | €172,567 | €130,361 | €153,768 | €157,420 | ▲ 2.4% |
| Distributable reserves133 | €45,436 | €172,567 | €130,361 | €153,768 | €157,420 | ▲ 2.4% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €244,774 | €1.1m | €1.6m | €2.1m | €3.3m | ▲ 56.3% |
| Amounts payable after more than one year17 | €90,000 | €205,625 | €194,688 | €175,938 | €157,188 | ▼ 10.7% |
| Financial debts170/4 | €90,000 | €205,625 | €194,688 | €175,938 | €157,188 | ▼ 10.7% |
| Amounts payable within one year42/48 | €154,774 | €861,547 | €1.4m | €2.0m | €3.2m | ▲ 62.2% |
| Current portion of amounts payable after more than one year42 | - | €202,260 | €407,797 | €413,718 | €1.2m | ▲ 202% |
| Financial debts43 | - | €133,393 | €41,482 | €0 | €100,000 | - |
| Credit institutions430/8 | - | €133,393 | €41,482 | €0 | €100,000 | - |
| Trade debts44 | €120,559 | €464,538 | €856,577 | €1.1m | €1.4m | ▲ 24.0% |
| Suppliers440/4 | €120,559 | €464,538 | €856,577 | €1.1m | €1.4m | ▲ 24.0% |
| Taxes, remuneration and social security45 | €34,216 | €58,567 | €82,901 | €106,106 | €169,269 | ▲ 59.5% |
| Taxes450/3 | €29,944 | €41,601 | €40,915 | €21,964 | €22,254 | ▲ 1.3% |
| Remuneration and social security454/9 | €4,272 | €16,966 | €41,986 | €84,143 | €147,014 | ▲ 74.7% |
| Other amounts payable47/48 | - | €2,790 | €0 | €350,000 | €310,000 | ▼ 11.4% |
| Accrued charges and deferred income492/3 | - | - | €3,826 | €3,915 | €8,463 | ▲ 116% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,436 | €127,131 | -€42,206 | €373,406 | €313,652 | ▼ 16.0% |
| + Depreciation and write-downs630 | - | €2,827 | €5,466 | €6,118 | €8,154 | ▲ 33.3% |
| Operating cash flow (approximation) | €45,436 | €129,959 | -€36,740 | €379,524 | €321,807 | ▼ 15.2% |
| Investment in fixed assets (approximation) | - | -€52,215 | -€3,108 | -€8,605 | -€37,805 | ▼ 339% |
| Change in cash | - | -€128,544 | - | - | -€6,238 | - |
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
Next filing, fiscal year 2026, expected by
2026
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €373,406
Net result €373,406 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €158,768 ▲17.3%
Equity rises from €135,361 to €158,768.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€42,206
Net result drops to -€42,206, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €177,567 ▲252%
2 profitable years in a row build equity to €177,567.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Antwerpen · 1 establishment unit since 2022
Ground area
403 m²
Building footprint
403 m²
Volume, LiDAR
7,855 m³
Parcel 11804D0019/00E000, Flanders · tallest building 25.8 m, ±7 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Haverstraat 1, 2000 Antwerpen
since 20222.332.809.220
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D0019/00E000 | Flanders | 403 m² | 1 · 403 m² | 25.8 m · 7 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 221 EUR awarded · 221 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 221 EUR | 221 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 40,760 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
78200Temporary employment agencies and other provision of personnel
73300Public relations and communication consultancy
78100Employment placement agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0761450691
Also
9925:BE0761450691
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.