Spectricity
ActiveSummary
Spectricity has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-10.37M) and a net result of €-8.71M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 728 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth55▲+23
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.45 in 2024; short-term debt: 307.7% and cash: 37.9% of total assets), and equity is negative.
Credit advice for your own amount and term
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 71
Relative position
BE, all sectors
reference
Sector 71
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
-218.1%
Return on assets
-183.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-10.37M
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 01-07-2026, 30 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
30 d early
2024
24 d early
2023
12 d early
2022
19 d early
2021
47 d early
2020
44 d early
2019
53 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€119k▲ 304%
2024 · €29k
2024: €29k
2024 → 2025
EBIT margin
-7153.1%▲ 20927.2pp
2024 · -28080.4%
2024: -28080.4%
2024 → 2025
Net result
€-8.71M▼ 9.0%
2024 · €-8.00M
2019: €-2.27M
2020: €-1.45M
2021: €-4.36M
2022: €-4.65M
2023: €-4.92M
2024: €-8.00M
2019 → 2025
Working capital
€-11.02M▼ 253%
2024 · €-3.12M
2019: €1.76M
2020: €37k
2021: €9.28M
2022: €4.63M
2023: €4.77M
2024: €-3.12M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€29k€119k▲ 304%
Equity€10.92M-€6.26M▼ 42.6%€6.34M▲ 1.3%€-1.65M€-10.37M▼ 527%
Operating result€-4.52M-€-4.79M▼ 5.9%€-5.27M▼ 10.1%€-8.25M▼ 56.5%€-8.49M▼ 2.9%
Net result€-4.36M-€-4.65M▼ 6.9%€-4.92M▼ 5.7%€-8.00M▼ 62.6%€-8.71M▼ 9.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8.49M in 2025 against €8.25M in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.75M
Fixed assets
€1.15M ▼ 21.7%
Current assets
€3.61M ▲ 40.6%
Key figures and ratios
EBITDA
€-3.56M▼
2024 · €-3.16M
Cash flow
€-3.79M▼
2024 · €-2.91M
Solvency
-218.1%▼
2024 · -41.0%
Current ratio
0.25▼
2024 · 0.45
Debt to equity
-1.46▲
2024 · -3.44
ROA
-183.3%▲
2024 · -198.4%
Interest coverage
-6.81▲
2024 · -64.97
Debt
€15.12M▲
2024 · €5.69M
Debt ≤ 1 year
€14.63M▲
2024 · €5.69M
Income taxes
€-261k▼
2024 · €-240k
Staff costs
€2.94M▲
2024 · €2.78M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.03M€4.75M▲
Fixed assets21/28€1.47M€1.15M▼
Intangible fixed assets21€386k€314k▼
Tangible fixed assets22/27€937k€695k▼
Plant, machinery and equipment23€903k€670k▼
Furniture and vehicles24€34k€24k▼
Financial fixed assets28€144k€139k▼
Current assets29/58€2.57M€3.61M▲
Amounts receivable after more than one year29€991k€1.13M▲
Other amounts receivable291€991k€1.13M▲
Amounts receivable within one year40/41€343k€468k▲
Trade receivables40€9k€219k▲
Other amounts receivable41€334k€249k▼
Current investments50/53€400k€0▼
Cash at bank and in hand54/58€571k€1.80M▲
Deferred charges and accrued income490/1€260k€206k▼
Equity and liabilities
Total equity and liabilities10/49€4.03M€4.75M▲
Equity10/15€-1.65M€-10.37M▼
Contributions10/11€24.72M€24.72M=
Capital10€465k€465k=
Issued capital100€465k€465k=
Outside capital11€24.26M€24.26M=
Share premium1100/10€24.26M€24.26M=
Profit (loss) carried forward14€-26.38M€-35.09M▼
Amounts payable17/49€5.69M€15.12M▲
Amounts payable within one year42/48€5.69M€14.63M▲
Current portion of amounts payable after more than one year42€0-
Financial debts43€4.00M€13.00M▲
Other loans439€4.00M€13.00M▲
Trade debts44€1.30M€1.11M▼
Suppliers440/4€1.30M€1.11M▼
Advances received on contracts in progress46-€9k
Taxes, remuneration and social security45€388k€511k▲
Taxes450/3€0€242▲
Remuneration and social security454/9€388k€511k▲
Accrued charges and deferred income492/3-€492k
Income statement
Code20242025
Turnover70€29k€119k▲
Non-recurring operating income76A€7€150▲
Goods, raw materials, services and sundry goods60/61€5.51M€5.74M▲
Remuneration, social security and pensions62€2.78M€2.94M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5.09M€4.92M▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€-379k€-621k▼
Operating profit (loss)9901€-8.25M€-8.49M▼
Financial income75/76B€61k€37k▼
Recurring financial income75€61k€37k▼
Financial charges65/66B€49k€523k▲
Recurring financial charges65€49k€523k▲
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€-8.24M€-8.97M▼
Income taxes67/77€-240k€-261k▼
Profit (loss) for the period9904€-8.00M€-8.71M▼
Profit (loss) for the period to be appropriated9905€-8.00M€-8.71M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-26.38M€-35.09M▼
Profit (loss) brought forward from the previous period14P€-18.38M€-26.38M▼
Social balance
Average headcount (FTE)908722.322.6▲
The notes to these accounts (19 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
10-08
State Gazette act
Appointment: CAPRICORN PARTNERS (director)Permanent representative: LEVECKE Steven · Share issue · Capital increase10 facts ▸
State Gazette act
Appointment: CAPRICORN PARTNERS (director)
Permanent representative: LEVECKE Steven · Share issue · Capital increase10 facts ▸
- General meeting, 29-07-2026
- Share issue, ESOP Plan 2026/2, ESOP inschrijvingsrechten
- Capital increase
- Capital increase, €35.091.940,38
- Capital decrease, €35.091.940,38
- Capital, €754.330,77
- Director appointment, CAPRICORN PARTNERS (director)
- Permanent representative, LEVECKE Steven
- Subscription right cancellation, ESOP inschrijvingsrechten, 129295
- Power of attorney, raad van bestuur
31-07
State Gazette act
Resignation: Hubble Ventures Co. Ltd (director)Reappointments: Rudi De Winter, Pieter Vorenkamp and Jakub Raczkowski5 facts ▸
State Gazette act
Resignation: Hubble Ventures Co. Ltd (director)
Reappointments: Rudi De Winter, Pieter Vorenkamp and Jakub Raczkowski5 facts ▸
- General meeting, 29/06/2026
- Director resignation, Hubble Ventures Co. Ltd (director)
- Director reappointment, Rudi De Winter (director)
- Director reappointment, Pieter Vorenkamp (director)
- Director reappointment, Jakub Raczkowski (director)
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-8.71M
Net result drops to €-8.71M, the lowest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 6current ratio 5.83
Current ratio from 1.02 to 5.83; short-term debt falls from €2.01M to €1.92M.
31-12
Financial
Equity above €10MEq €10.92M ▲654%
Equity rises from €1.45M to €10.92M.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2026
CAPRICORN PARTNERS
CurrentDirector · since 29-07-2026 · Public limited company · perm. rep.: LEVECKE Steven
Jakub Raczkowski
CurrentDirector · since 29-06-2026
Pieter VORENKAMP
CurrentDirector · since 29-06-2026
Rudi De Winter
CurrentDirector · since 29-06-2026
29-07-2026
CAPRICORN PARTNERS: Appointed as Director
29-06-2026
Jakub Raczkowski: Mandate renewed as Director
29-06-2026
Pieter VORENKAMP: Mandate renewed as Director
29-06-2026
Rudi De Winter: Mandate renewed as Director
31-03-2026
Hubble Ventures CO., LTD: Resigned as Director
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2017
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.
Stationsstraat 552800 MechelenGround area
2,584 m²
Building footprint
1,153 m²
Volume, LiDAR
1,037 m³
2 parcels, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Ferypero
since 20172.273.373.657
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0040/00W005 | Flanders | 2,242 m² | 1 · 1,010 m² | - |
| 24040C0091/00E029 | Flanders | 342 m² | 1 · 142 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
7 connected companiesLinked via shared directors
Shared corporate director
→
Shared corporate director
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Shared corporate director
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Shared corporate director
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Show 3 more companies with a shared director
Shared corporate director
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Shared corporate director
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Shared corporate director
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Capital and shareholders
Capital over the years
- 10-08-2026 Capital increase of 35,091,940.38 EUR · to 35,846,271.15 EUR · from reserves
- 10-08-2026 Capital reduction of 35,091,940.38 EUR · to 754,330.77 EUR · “aanzuivering van geleden verliezen”
Public money · subsidies and aid
Flemish government
2022 to 2025 · 11 entries · 3,055,674 EUR awarded · 3,043,102 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 12,123 EUR | 24,623 EUR |
| 2024 | 4 | 37,862 EUR | 612,790 EUR |
| 2023 | 3 | 5,689 EUR | 1,205,689 EUR |
| 2022 | 1 | 3,000,000 EUR | 1,200,000 EUR |
Schemes
Onderzoeksproject
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
AGROGAS
BE 0846.095.465
Geel · Eq €6.32M
RWA
BE 0865.102.814
Kuurne · Eq €6.37M
Crestchic Transformers
BE 0404.035.286
Heist-op-den-Berg · Eq €6.31M
Extia Belgium
BE 0553.605.625
Oudergem · Eq €6.45M
SECUROAD
BE 0837.291.429
Deerlijk · Eq €6.19M
Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 1,081 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.