SPECTRUM
ActiveSummary
The computed 12-month bankruptcy probability of SPECTRUM is 2.7% (moderate). The 2025 annual accounts show negative equity (-USD 167,989) and a net result of -USD 348,519. Its solvency ranks better than 9% of 9,760 sector peers (NACE 46, financial year 2025). The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
Amounts retain their source currency, without conversion. Different currencies are not compared or combined in one chart; mixed amounts within a financial year are withheld.
Turnover
€3.4m▼ 61.4%
2020 · €8.9m
EBIT margin
0.6%▲ 3.0pp
2020 · -2.4%
Net result
-USD 348,519
2024 · €19,415
Working capital
-USD 374,018
2024 · -€185,316
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€3.4m
2021
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin0.6%
2021
Return on assets (ROA)-49.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-23.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.54
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0.3
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€56.7m-€33.6m▼ 40.7%€8.9m▼ 73.4%€3.4m▼ 61.4%
Operating result€2.9m-€1.0m▼ 63.4%-€0.2m€0.02m-€0.4m€0.03m€0.04m▲ 35.2%-USD 0.3m
Net result€1.5m-€0.4m▼ 70.1%-€0.2m€0.01m-€0.2m€0.01m€0.02m▲ 41.9%-USD 0.3m
EBIT margin5.0%-3.1%▼ 1.9pp-2.4%▼ 5.5pp0.6%▲ 3.0pp
Equity€29.1m-€24.6m▼ 15.7%€24.3m▼ 1.0%€24.3m=€24.1m▼ 0.8%€0.2m▼ 99.3%€0.2m▲ 12.1%-USD 0.2m
Total assets€57.8m-€39.4m▼ 31.8%€26.2m▼ 33.5%€25.7m▼ 2.2%€24.4m▼ 5.0%€1.3m▼ 94.6%€2.5m▲ 91.1%USD 0.7m
Debt€28.6m-€14.8m▼ 48.3%€1.8m▼ 87.5%€1.3m▼ 31.8%€0.2m▼ 87.3%€1.1m▲ 572%€2.3m▲ 109%USD 0.8m
Working capital€28.6m-€24.0m▼ 15.9%€23.8m▼ 0.9%€23.9m▲ 0.2%€23.7m▼ 0.7%-€0.2m-€0.2m▲ 21.2%-USD 0.4m
Solvency50.4%-62.3%▲ 11.9pp92.7%above the sector's middle half▲ 30.4pp94.8%above the sector's middle half▲ 2.1pp99.0%above the sector's middle half▲ 4.2pp12.3%below the sector's middle half▼ 86.7pp7.2%below the sector's middle half▼ 5.1pp-23.7%below the sector's middle half▼ 31.0pp
Current ratio2.00-2.64▲ 0.6414.74above the sector's middle half▲ 12.1021.80above the sector's middle half▲ 7.060.76below the sector's middle half0.91below the sector's middle half▲ 0.160.54below the sector's middle half▼ 0.37
Return on assets (ROA)2.5%-1.1%▼ 1.4pp-0.9%below the sector's middle half▼ 2.0pp0.0%below the sector's middle half▲ 1.0pp-0.8%below the sector's middle half▼ 0.8pp1.0%within the sector's middle half▲ 1.8pp0.8%within the sector's middle half▼ 0.3pp-49.3%below the sector's middle half▼ 50.0pp
Staff (FTE)0.4below the sector's middle half0.4below the sector's middle half=0.3below the sector's middle half▼ 25.0%0.3below the sector's middle half=0.3below the sector's middle half=0.3below the sector's middle half=
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
Assets USD 707,572
Fixed assets
USD 270,006
Current assets
USD 437,566
Equity and liabilities
Equity-USD 167,989
DebtUSD 811,584
Equity is negative: debt (USD 811,584) exceeds the balance-sheet total (USD 707,572).
Key figures and ratios
EBITDA
-USD 211,248
2024 · €62,054
Cash flow
-USD 240,010
2024 · €44,484
Quick ratio
0.50▼
2024 · 0.73
Interest coverage
-20.96▼
2024 · 12.80
Debt ≤ 1 year
USD 811,584
2024 · €2.1m
Income taxes
USD 26,177
2024 · €17,951
Staff costs
USD 9,453
2024 · €12,967
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | €56.7m | €33.6m | €9.0m | €3.5m | - | - | - | - | - |
| Turnover70 | €56.7m | €33.6m | €8.9m | €3.4m | - | - | - | - | - |
| Other operating income74 | €0.001m | €0.001m | €0.02m | €0.05m | - | - | - | - | - |
| Operating charges60/66A | €53.8m | €32.5m | €9.2m | €3.5m | - | - | - | - | - |
| Goods for resale, raw materials and consumables60 | €53.4m | €32.2m | €8.9m | €3.3m | - | - | - | - | - |
| Change in stocks: decrease (increase)609 | -€4.8m | €2.4m | €4.9m | €0.5m | - | - | - | - | - |
| Services and other goods61 | €0.4m | €0.3m | €0.2m | €0.2m | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €0.02m | €0.009m | €0.01m | €0.01m | €0.01m | USD 0.009m | ▼ 27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | USD 0.1m | ▲ 333% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€0.2m | - | - | - | - | - | €0.05m | - | - |
| Other operating charges640/8 | €0.2m | €0.02m | €0.009m | €0.006m | €0.5m | €0.009m | €0.005m | USD 0.005m | ▲ 14.8% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | USD 0.2m | - |
| Gross operating margin9900 | - | - | - | - | €0.07m | €0.08m | €0.1m | -USD 0.02m | - |
| Operating profit (loss)9901 | €2.9m | €1.0m | -€0.2m | €0.02m | -€0.4m | €0.03m | €0.04m | -USD 0.3m | - |
| Financial income75/76B | - | - | - | - | €0.2m | €0.003m | €0.002m | USD 0.005m | ▲ 92.6% |
| Recurring financial income75 | €0.1m | €0.09m | €0.007m | €0.005m | €0.2m | €0.003m | €0.002m | USD 0.005m | ▲ 92.6% |
| Other financial income752/9 | €0.1m | €0.09m | €0.007m | €0.005m | - | - | - | - | - |
| Financial charges65/66B | €1.4m | €0.6m | €0.03m | €0.01m | €0.01m | €0.02m | €0.005m | USD 0.01m | ▲ 108% |
| Recurring financial charges65 | €1.4m | €0.6m | €0.03m | €0.01m | €0.01m | €0.02m | €0.005m | USD 0.01m | ▲ 108% |
| Debt charges650 | €1.3m | €0.5m | €0.001m | €0.001m | - | - | - | - | - |
| Other financial charges652/9 | €0.1m | €0.1m | €0.03m | €0.01m | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €1.6m | €0.5m | -€0.2m | €0.02m | -€0.2m | €0.01m | €0.03m | -USD 0.3m | - |
| Transfer from deferred taxes780 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | USD 0.003m | = |
| Income taxes67/77 | €0.1m | €0.08m | €0.02m | €0.008m | €0.002m | €0.004m | €0.02m | USD 0.03m | ▲ 45.8% |
| Taxes670/3 | €0.1m | €0.08m | €0.02m | €0.008m | - | - | - | - | - |
| Tax adjustments and reversals of tax provisions77 | €0.001m | - | €4 | €279 | - | - | - | - | - |
| Profit (loss) for the period9904 | €1.5m | €0.4m | -€0.2m | €0.01m | -€0.2m | €0.01m | €0.02m | -USD 0.3m | - |
| Transfer from tax-exempt reserves789 | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.5m | €0.4m | -€0.2m | €0.02m | -€0.2m | €0.02m | €0.02m | -USD 0.3m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €57.8m | €39.4m | €26.2m | €25.7m | €24.4m | €1.3m | €2.5m | USD 0.7m | ▼ 71.7% |
| Fixed assets21/28 | €0.7m | €0.7m | €0.7m | €0.6m | €0.6m | €0.6m | €0.6m | USD 0.3m | ▼ 51.0% |
| Tangible fixed assets22/27 | €0.7m | €0.7m | €0.7m | €0.6m | €0.6m | €0.6m | €0.5m | USD 0.3m | ▼ 50.7% |
| Land and buildings22 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.5m | USD 0.3m | ▼ 52.2% |
| Plant, machinery and equipment23 | €0.09m | €0.08m | €0.06m | €0.04m | €0.03m | €0.01m | €0.002m | USD 0.009m | ▲ 316% |
| Furniture and vehicles24 | €0.002m | - | - | - | - | - | - | - | - |
| Financial fixed assets28 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | - | - |
| Other financial fixed assets284/8 | - | - | - | €0.002m | - | - | - | - | - |
| Shares284 | - | - | - | €0.002m | - | - | - | - | - |
| Current assets29/58 | €57.1m | €38.7m | €25.6m | €25.0m | €23.7m | €0.7m | €1.9m | USD 0.4m | ▼ 77.5% |
| Amounts receivable after more than one year29 | - | - | - | - | €22.3m | - | - | - | - |
| Other amounts receivable291 | - | - | - | - | €22.3m | - | - | - | - |
| Stocks and contracts in progress3 | €8.0m | €5.7m | €0.8m | €0.4m | - | €0.2m | €0.4m | USD 0.03m | ▼ 92.6% |
| Stocks30/36 | €8.0m | €5.7m | €0.8m | €0.4m | - | €0.2m | €0.4m | USD 0.03m | ▼ 92.6% |
| Goods purchased for resale34 | €8.0m | €5.7m | €0.8m | €0.4m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €48.1m | €32.8m | €24.6m | €24.6m | €1.2m | €0.4m | €1.4m | USD 0.2m | ▼ 86.3% |
| Trade receivables40 | €48.0m | €32.8m | €11.9m | €5.5m | €1.1m | €0.4m | €1.4m | USD 0.2m | ▼ 87.2% |
| Other amounts receivable41 | €0.01m | €0.03m | €12.7m | €19.1m | €0.03m | €0.02m | €0.02m | USD 0.02m | ▼ 35.0% |
| Cash at bank and in hand54/58 | €0.9m | €0.2m | €0.2m | €0.05m | €0.07m | €0.1m | €0.2m | USD 0.1m | ▼ 8.6% |
| Deferred charges and accrued income490/1 | €0.005m | €0.002m | €0.002m | €0.002m | €0.2m | €0.002m | €0.003m | USD 0.07m | ▲ 24× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €57.8m | €39.4m | €26.2m | €25.7m | €24.4m | €1.3m | €2.5m | USD 0.7m | ▼ 71.7% |
| Equity10/15 | €29.1m | €24.6m | €24.3m | €24.3m | €24.1m | €0.2m | €0.2m | -USD 0.2m | - |
| Contributions10/11 | €24.0m | - | €19.2m | €19.2m | €19.2m | €0.007m | €0.007m | USD 0.007m | = |
| Capital10 | €24.0m | - | - | - | - | - | - | - | - |
| Issued capital100 | €24.0m | - | - | - | - | - | - | - | - |
| Uncalled capital101 | €0.02m | - | - | - | - | - | - | - | - |
| Contributions outside capital11 | - | €19.2m | - | - | - | - | - | - | - |
| Reserves13 | €5.1m | €5.3m | €5.3m | €5.3m | €5.3m | €0.2m | €0.2m | USD 0.2m | = |
| Legal reserve130 | €0.3m | - | - | - | - | - | - | - | - |
| Tax-exempt reserves132 | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | USD 0.1m | = |
| Distributable reserves133 | €4.7m | €5.1m | €5.1m | €5.1m | €5.1m | €0.02m | €0.04m | USD 0.04m | = |
| Profit (loss) carried forward14 | - | - | -€0.2m | -€0.2m | -€0.4m | - | - | -USD 0.3m | - |
| Provisions and deferred taxes16 | €0.08m | €0.08m | €0.08m | €0.08m | €0.07m | €0.07m | €0.07m | USD 0.06m | ▼ 4.2% |
| Deferred taxes168 | €0.08m | €0.08m | €0.08m | €0.08m | €0.07m | €0.07m | €0.07m | USD 0.06m | ▼ 4.2% |
| Amounts payable17/49 | €28.6m | €14.8m | €1.8m | €1.3m | €0.2m | €1.1m | €2.3m | USD 0.8m | ▼ 63.9% |
| Amounts payable after more than one year17 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | - | - |
| Other amounts payable178/9 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | - | - |
| Amounts payable within one year42/48 | €28.5m | €14.7m | €1.7m | €1.1m | €0.05m | €1.0m | €2.1m | USD 0.8m | ▼ 61.9% |
| Financial debts43 | €12.5m | - | €0.01m | - | - | - | - | USD 466 | - |
| Credit institutions430/8 | €12.5m | - | €0.01m | - | - | - | - | USD 466 | - |
| Trade debts44 | €15.6m | €14.4m | €1.6m | €1.1m | €0.05m | €0.02m | €1.2m | USD 0.2m | ▼ 84.3% |
| Suppliers440/4 | €15.6m | €14.4m | €1.6m | €1.1m | €0.05m | €0.02m | €1.2m | USD 0.2m | ▼ 84.3% |
| Taxes, remuneration and social security45 | €0.3m | €0.2m | €0.1m | €0.01m | €0.005m | €0.007m | €0.02m | USD 0.03m | ▲ 6.8% |
| Taxes450/3 | €0.3m | €0.2m | €0.1m | €0.01m | €0.004m | €0.006m | €0.02m | USD 0.02m | ▲ 25.6% |
| Remuneration and social security454/9 | - | €0.003m | €0.004m | €0.002m | €0.001m | €0.001m | €0.004m | USD 0.001m | ▼ 83.8% |
| Other amounts payable47/48 | €0.1m | €0.1m | - | - | - | €0.9m | €0.9m | USD 0.6m | ▼ 36.1% |
| Accrued charges and deferred income492/3 | €0.004m | €0.005m | €0.001m | €446 | €64 | - | €0.008m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.5m | €0.4m | -€0.2m | €0.01m | -€0.2m | €0.01m | €0.02m | -USD 0.3m | - |
| + Depreciation and write-downs630 | €0.04m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | USD 0.1m | ▲ 333% |
| Operating cash flow (approximation) | €1.5m | €0.5m | -€0.2m | €0.04m | -€0.2m | €0.05m | €0.04m | -USD 0.2m | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€0.002m | €0 | €0 | -€1 | USD 0.2m | - |
| Change in cash | - | -€0.7m | -€0.07m | -€0.1m | €0.02m | €0.07m | €0.02m | -USD 0.01m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 07-07-2026 | 2026-00278980 |
| 31-12-2024 | abbreviated format | 28-08-2025 | 2025-00443254 |
| 31-12-2023 | abbreviated format | 01-07-2024 | 2024-00216163 |
| 31-12-2022 | abbreviated format | 27-06-2023 | 2023-00192617 |
| 31-12-2021 | full format | 30-06-2022 | 2022-20150218 |
| 31-12-2020 | full format | 28-06-2021 | 2021-27800550 |
| 31-12-2019 | full format | 02-07-2020 | 2020-25700183 |
| 31-12-2018 | full format | 04-07-2019 | 2019-29700160 |
| 31-12-2017 | full format | 02-07-2018 | 2018-28100583 |
| 31-12-2016 | full format | 24-08-2017 | 2017-48500584 |
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Of the 1,215 active companies whose main activity is wholesale of diamonds and other precious stones (NACE 46861), figures are known for 745. 279 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.