SPECTRE EU
ActiveSPECTRE EU has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €723k and a net result of €197k. Equity is growing by ~36.8% per year across the filed fiscal years. Its solvency ranks better than 85% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
97
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability98▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 7.44 against 7.69 in 2024; short-term debt: 13% and cash: 48.7% of total assets), and 13% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
87%
Return on assets
23.7%
Age of the figures
9 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 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
29 d late
2023
2 d early
2022
30 d late
2021
25 d late
2020
31 d late
2019
12 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€723k▲ 37.5%
2024 · €526k
2018: €93k
2019: €96k
2020: €155k
2021: €305k
2022: €455k
2023: €347k
2024: €526k
2018 → 2025
Total assets
€831k▲ 38.1%
2024 · €602k
2018: €175k
2019: €165k
2020: €245k
2021: €452k
2022: €624k
2023: €748k
2024: €602k
2018 → 2025
Net result
€197k▲ 10.0%
2024 · €179k
2018: €-6k
2019: €3k
2020: €59k
2021: €216k
2022: €150k
2023: €168k
2024: €179k
2018 → 2025
Working capital
€697k▲ 36.9%
2024 · €509k
2018: €72k
2019: €80k
2020: €134k
2021: €273k
2022: €425k
2023: €324k
2024: €509k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€305k-€455k▲ 49.0%€347k▼ 23.8%€526k▲ 51.8%€723k▲ 37.5%
Operating result€260k-€227k▼ 12.6%€250k▲ 10.1%€263k▲ 5.2%€271k▲ 3.1%
Net result€216k-€150k▼ 30.6%€168k▲ 12.1%€179k▲ 7.0%€197k▲ 10.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €831k
Fixed assets
€27k▲ 53.3%
Current assets
€805k▲ 37.6%
Equity and liabilities €831k
Equity
€723k▲ 37.5%
Debt
€108k▲ 42.1%
The debt ratio rises from 12.6% to 13.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€278k▲
2024 · €271k
Cash flow
€204k▲
2024 · €187k
Solvency
87.0%▼
2024 · 87.4%
Current ratio
7.44▼
2024 · 7.69
Quick ratio
7.44▼
2024 · 7.69
Debt / equity
0.15▲
2024 · 0.14
ROE
27.3%▼
2024 · 34.1%
ROA
23.7%▼
2024 · 29.8%
Interest coverage
50.93▲
2024 · 40.25
Debt
€108k▲
2024 · €76k
Debt ≤ 1 year
€108k▲
2024 · €76k
Income taxes
€74k▼
2024 · €81k
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€602k€831k▲
Fixed assets21/28€17k€27k▲
Tangible fixed assets22/27€17k€27k▲
Plant, machinery and equipment23€1k€0▼
Furniture and vehicles24€15k€13k▼
Other tangible fixed assets26€1k€13k▲
Current assets29/58€585k€805k▲
Amounts receivable after more than one year29€304k€166k▼
Other amounts receivable291€304k€166k▼
Amounts receivable within one year40/41€119k€218k▲
Trade receivables40€107k€132k▲
Other amounts receivable41€12k€86k▲
Current investments50/53€5k€9k▲
Cash at bank and in hand54/58€152k€405k▲
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€602k€831k▲
Equity10/15€526k€723k▲
Contributions10/11€6k€6k=
Reserves13€520k€717k▲
Tax-exempt reserves132-€105k
Distributable reserves133€520k€612k▲
Amounts payable17/49€76k€108k▲
Amounts payable within one year42/48€76k€108k▲
Trade debts44€10k€6k▼
Suppliers440/4€10k€6k▼
Taxes, remuneration and social security45€66k€78k▲
Taxes450/3€66k€78k▲
Other amounts payable47/48-€25k
Accrued charges and deferred income492/3€140€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€6k▼
Other operating charges640/8€1k€12k▲
Gross operating margin9900€273k€289k▲
Operating profit (loss)9901€263k€271k▲
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€260k€271k▲
Income taxes67/77€81k€74k▼
Profit (loss) for the period9904€179k€197k▲
Transfer to tax-exempt reserves689-€105k
Profit (loss) for the period to be appropriated9905€179k€92k▼
Appropriation of the result
Profit (loss) to be appropriated9906€179k€92k▼
Transfer to equity691/2€179k€92k▼
To other reserves6921€179k€92k▼
The notes to these accounts (8 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity quadruplescurrent ratio 7.69
Current ratio from 1.81 to 7.69; short-term debt falls from €402k to €76k.
31-12
Financial
Equity above €500kEq €526k ▲51.8%
6 profitable years in a row build equity to €526k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Highest result since 2018net €216k ▲265%
Net result €216k, the highest in the series.
31-12
Financial
Equity above €200kEq €305k ▲97.3%
3 profitable years in a row build equity to €305k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €150kEq €155k ▲61.7%
2 profitable years in a row build equity to €155k.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-07
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.
Directors · office · real estate
Directors
2 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, Etterbeek · 1 establishment unit since 2005
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.
Generaal Lemanstraat 751040 EtterbeekGround area
351 m²
Building footprint
125 m²
Volume, LiDAR
1,457 m³
Parcel 21005A0314/00D033, Brussels · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
SPECTRE EU
since 20052.145.577.345
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0314/00D033 | Brussels | 351 m² | 1 · 125 m² | 17.4 m · 5 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.
Similar companies · same sector, comparable size
LEMKOM
BE 0644.914.396
Fernelmont · Eq €723k
Patrick Deramoudt
BE 0849.536.292
Jabbeke · Eq €723k
ABESERV
BE 0668.705.330
Zele · Eq €723k
DINA
BE 0465.730.553
Gent · Eq €723k
TROREMA
BE 0899.683.413
Lasne · Eq €723k
Of 82,569 companies in sector 70200 we hold annual accounts for 52,577. 31,245 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-02-2005
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.