SPECTRAL
ActiveSummary
SPECTRAL has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €175,388 and a net result of €30,663. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 73% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 4.52 against 5.6 in 2024; short-term debt: 17.6% and cash: 32.3% of total assets), and 20.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
79.2%
Return on assets
13.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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
17 d late
2024
20 d late
2023
6 d late
2022
29 d late
2021
4 d early
2020
26 d late
2019
17 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#1 oldest company in Lennik, Telecoms and IT sector#8 company by equity in Lennik, Telecoms and IT sector#9 company by total assets in Lennik, Telecoms and IT sector
Equity
€175,388▲ 5.0%
2024 · €166,976
Total assets
€221,333▲ 5.8%
2024 · €209,134
Net result
€30,663▲ 64.9%
2024 · €18,593
Working capital
€137,325▲ 4.5%
2024 · €131,388
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,315▼ 39.6%€2,747▼ 62.4%€32,803▲ 1,094%€24,827▼ 24.3%€31,066▲ 25.1%
Net result€6,657▼ 43.6%€4,405▼ 33.8%€23,924▲ 443%€18,593▼ 22.3%€30,663▲ 64.9%
Equity€135,054▲ 5.2%€139,459▲ 3.3%€158,883▲ 13.9%€166,976▲ 5.1%€175,388▲ 5.0%
Total assets€154,132▲ 1.3%€188,565▲ 22.3%€198,084▲ 5.0%€209,134▲ 5.6%€221,333▲ 5.8%
Debt€19,078▼ 19.9%€49,106▲ 157%€39,200▼ 20.2%€42,159▲ 7.5%€45,945▲ 9.0%
Working capital€122,510▲ 7.2%€121,536▼ 0.8%€135,372▲ 11.4%€131,388▼ 2.9%€137,325▲ 4.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 25% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €221,333
Fixed assets
€45,010 ▼ 8.5%
Current assets
€176,323 ▲ 10.3%
Equity and liabilities €221,333
Equity
€175,388 ▲ 5.0%
Debt
€45,945 ▲ 9.0%
Debt's share of the balance-sheet total rises from 20.2% to 20.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36,596▲
2024 · €29,054
Cash flow
€36,193▲
2024 · €22,819
Current ratio
4.52▼
2024 · 5.60
Debt to equity
0.26▲
2024 · 0.25
ROE
17.5%▲
2024 · 11.1%
ROA
13.9%▲
2024 · 8.9%
Interest coverage
11.98▲
2024 · 8.77
Debt ≤ 1 year
€38,999▲
2024 · €28,540
Debt > 1 year
€6,946▼
2024 · €13,619
Income taxes
€13,021▲
2024 · €8,641
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7,000 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,542 | €535 | €3,410 | €4,227 | €5,531 | ▲ 30.8% |
| Other operating charges640/8 | €1,027 | €1,291 | €1,272 | €1,203 | €1,227 | ▲ 2.0% |
| Non-recurring operating charges66A | - | - | - | €400 | - | - |
| Gross operating margin9900 | €9,885 | €4,573 | €37,485 | €30,657 | €37,823 | ▲ 23.4% |
| Operating profit (loss)9901 | €7,315 | €2,747 | €32,803 | €24,827 | €31,066 | ▲ 25.1% |
| Financial income75/76B | €4,233 | €4,621 | €3,942 | €5,718 | €15,673 | ▲ 174% |
| Recurring financial income75 | €4,233 | €4,621 | €3,942 | €5,718 | €15,673 | ▲ 174% |
| Financial charges65/66B | €491 | €993 | €1,857 | €3,312 | €3,054 | ▼ 7.8% |
| Recurring financial charges65 | €491 | €993 | €1,857 | €3,312 | €3,054 | ▼ 7.8% |
| Profit (loss) for the period before taxes9903 | €11,058 | €6,375 | €34,888 | €27,234 | €43,684 | ▲ 60.4% |
| Income taxes67/77 | €4,400 | €1,970 | €10,964 | €8,641 | €13,021 | ▲ 50.7% |
| Profit (loss) for the period9904 | €6,657 | €4,405 | €23,924 | €18,593 | €30,663 | ▲ 64.9% |
| Profit (loss) for the period to be appropriated9905 | €6,657 | €4,405 | €23,924 | €18,593 | €30,663 | ▲ 64.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €154,132 | €188,565 | €198,084 | €209,134 | €221,333 | ▲ 5.8% |
| Fixed assets21/28 | €12,543 | €44,108 | €43,540 | €49,207 | €45,010 | ▼ 8.5% |
| Tangible fixed assets22/27 | €12,543 | €44,108 | €43,540 | €49,207 | €45,010 | ▼ 8.5% |
| Land and buildings22 | €12,543 | €12,543 | €12,543 | €12,543 | €12,543 | = |
| Plant, machinery and equipment23 | - | - | €1,400 | - | €1,112 | - |
| Furniture and vehicles24 | - | €31,565 | €29,596 | €36,663 | €31,355 | ▼ 14.5% |
| Current assets29/58 | €141,589 | €144,457 | €154,544 | €159,928 | €176,323 | ▲ 10.3% |
| Amounts receivable within one year40/41 | €88,636 | €98,345 | €103,370 | €98,216 | €104,809 | ▲ 6.7% |
| Trade receivables40 | €12,842 | €10,957 | €11,531 | €11,852 | €27,238 | ▲ 130% |
| Other amounts receivable41 | €75,795 | €87,389 | €91,839 | €86,364 | €77,571 | ▼ 10.2% |
| Cash at bank and in hand54/58 | €52,952 | €46,111 | €51,174 | €61,712 | €71,514 | ▲ 15.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €154,132 | €188,565 | €198,084 | €209,134 | €221,333 | ▲ 5.8% |
| Equity10/15 | €135,054 | €139,459 | €158,883 | €166,976 | €175,388 | ▲ 5.0% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €128,856 | €133,262 | €152,686 | €160,778 | €169,191 | ▲ 5.2% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €126,997 | €131,403 | €150,827 | €158,919 | €167,332 | ▲ 5.3% |
| Amounts payable17/49 | €19,078 | €49,106 | €39,200 | €42,159 | €45,945 | ▲ 9.0% |
| Amounts payable after more than one year17 | - | €26,185 | €20,028 | €13,619 | €6,946 | ▼ 49.0% |
| Financial debts170/4 | - | €26,185 | €20,028 | €13,619 | €6,946 | ▼ 49.0% |
| Amounts payable within one year42/48 | €19,078 | €22,921 | €19,172 | €28,540 | €38,999 | ▲ 36.6% |
| Current portion of amounts payable after more than one year42 | - | €5,915 | €6,157 | €13,755 | €6,672 | ▼ 51.5% |
| Trade debts44 | €15,164 | €14,366 | €2,362 | €771 | €2,700 | ▲ 250% |
| Suppliers440/4 | €15,164 | €14,366 | €2,362 | €771 | €2,700 | ▲ 250% |
| Taxes, remuneration and social security45 | €3,915 | €2,640 | €6,153 | €3,514 | €7,376 | ▲ 110% |
| Taxes450/3 | €3,915 | €2,640 | €6,153 | €3,514 | €7,376 | ▲ 110% |
| Other amounts payable47/48 | - | - | €4,500 | €10,500 | €22,250 | ▲ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,657 | €4,405 | €23,924 | €18,593 | €30,663 | ▲ 64.9% |
| + Depreciation and write-downs630 | €1,542 | €535 | €3,410 | €4,227 | €5,531 | ▲ 30.8% |
| Operating cash flow (approximation) | €8,199 | €4,940 | €27,334 | €22,819 | €36,193 | ▲ 58.6% |
| Investment in fixed assets (approximation) | - | -€32,100 | -€2,841 | -€9,894 | -€1,334 | ▲ 86.5% |
| Change in cash | - | -€6,841 | €5,063 | €10,538 | €9,802 | ▼ 7.0% |
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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
31-12
Financial
Highest result since 2018net €30,663 ▲64.9%
Net result €30,663, the highest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
31-12
Financial
Equity above €150,000Eq €158,883 ▲13.9%
6 profitable years in a row build equity to €158,883.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €4,405 ▼33.8%
Net result drops to €4,405, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lennik · 1 establishment unit since 1997
Ground area
2,056 m²
Building footprint
238 m²
Volume, LiDAR
1,200 m³
Parcel 23072C0244/00P000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SPECTRAL BVBA
since 19972.079.795.509
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23072C0244/00P000 | Flanders | 2,056 m² | 1 · 238 m² | 9.8 m · 2 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.
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Translink
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Of 16,910 companies in sector 62100 we hold annual accounts for 8,775. 6,780 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
Founded10-12-1996
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.