Equity
€488,352 from €909,988 in 2017
Equity fell by 46% in 8 years.
SPECTRUM
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €628,375 (2024)
€564,343▼ 10.2%
lowest -€93,953 (2013)
€58,631▼ 58.0%
peak €909,988 (2017)
€488,352▲ 13.6%
€125,329▲ 81.7%
peak 7.6 FTE (2019)
7 FTE▲ 1.4%
Board6 names since 2020
1 directorAli Amerian
Owners
100%SGS INVEST
Documentsfilings and deeds
31-07-2026on the last day
2025abbreviated format
Result from €139,487 to €58,631Appointment: Mercken & Co BV (statutory auditor) 06-02Equity from €429,721 to €488,352Debts from €68,961 to €125,329Cash from €180,470 to €248,014
Key points
from the 2025 annual accountsResult
€58,631 ▼ 58.0%
The result fell in 2025 from €139,487 to €58,631.
Turnover
≈ €1.3m estimated
The abbreviated format states no turnover.
Debts
€125,329 ▲ 81.7%
Debts rose by €56,368 in 2025.
Staff
8 employees on 31-12-2025
In 2025, 103 short contracts started and 100 ended, on average 86 hours worked per contract. Staff averaged 7 full-time equivalents.
Filings
25 annual accounts since 2001
Four of the last ten came late. The 2021 accounts came latest: 92 days after the end of the period.
Checked score
97
Excellent
Financially stronger than 76% of micro companies in gambling and betting (NACE 92)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 219 companies (NACE 92, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 3.04, cash €248,014
Equity €488,352 (79.6% of total assets)
Founded in 2000
Profit of €58,631 (financial year 2025)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 92, micro). It does better than 84% of them on solvency, 93% on liquidity, 65% on profitability and 64% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as SPECTRUM has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SPECTRUM itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for SPECTRUM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.04 (3.84 in 2024), above the usual 1.5. Short-term debt is 19.7% and cash 40.4% of total assets. 20.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
3 days early
2023
20 days early
2022
5 days early
2021
92 days late
2020
44 days late
2019
14 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days after the deadline. In the sector (NACE 92), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SGS INVEST 100%equity €111.6m (2025) · 2025 annual accounts of SGS INVEST
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0473495305
Appointment: Mercken & Co BV (statutory auditor)
General meeting of 28-06-2024 · Gazette deed
Appointment: Ali Amerian (director)
“De uitbating van speelautomatenhallen, kansspelinrichtingen, horecazaken en andere instellingen die…” (deed in Dutch) · Legal-form conversion: from private limited company (pre-2019) to private limited company · Gazette deed
1 director appointed, 2 resignations
Resignations: Aurore DEBAERE and SGS INVEST BV · Permanent representative: Aurore DEBAERE · Appointment: Ali AMERIAN · General meeting of 31-07-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SPECTRUM Grimbergen | €0.6m | €564,343 | 79.6% | 7 |
| FORTUNA 2000 Brussels | €0.8m | €935,326 | 76.6% | 8.4 |
| STANLEYBET BELGIUM Asse | €1.6m | €718,589 | 14.5% | 7.7 |
| TWIN PETROLEUM Schaerbeek | €1.1m | €547,445 | 47.4% | 5.3 |
| L'ARISTO Tintigny | €0.6m | €540,425 | 87.2% | 4.5 |
| THE FLAMINGO Anderlecht | €0.7m | €291,079 | -16.0% | 5 |
| CAPITOLE Aalst | €0.8m | €892,494 | 38.0% | 10.7 |
These companies have the same main activity as SPECTRUM: gambling and betting activities (NACE 92000). They are comparable in size and age: total assets between €598,000 and €1.6m, founded between 1995 and 2003.
Official details
Source: KBO- Status
- Active since 12-12-2000Normal situation
- Registered office
- 10 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Gambling and betting activitiesNACE 92000and 1 other
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment unit
- 2.101.173.5171730 Asse, since 24-01-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- €613,681▲ 23.1%
- Employeeson 31-12-2025
- 8▲ 100%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on SPECTRUM
SPECTRUM files the abbreviated format. That format states no turnover. The gross margin rose from €474,313 in 2006 to €564,343 in 2025.
SGS INVEST holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SPECTRUM
- What is the company number of SPECTRUM?
- The company number of SPECTRUM is 0473.495.305. The VAT number is the same number with BE in front: BE 0473.495.305.
- Where is SPECTRUM based?
- The registered office is at Romeinsesteenweg 592, 1853 Grimbergen.Company details
- What does SPECTRUM do?
- According to the KBO register, the main activity is gambling and betting activities (NACE 92000).
- What is the legal form of SPECTRUM?
- SPECTRUM is a private limited company (BV).
- When was SPECTRUM founded?
- SPECTRUM was founded on 12-12-2000.
- Is SPECTRUM still active?
- Yes, SPECTRUM is an active enterprise in the KBO register.
- How many employees does SPECTRUM have?
- SPECTRUM had an average of 7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SPECTRUM fall under?
- In its 2025 annual accounts, SPECTRUM states joint committee 302 (Hotels and catering).
- What is the turnover of SPECTRUM?
- The turnover in financial year 2025 is ≈ €1.3m. This figure is estimated from the gross margin of €564,343 and 2,275 comparable companies of the same size. It probably lies between €800,000 and €2.3m. It is a rough estimate.
- Is SPECTRUM profitable?
- In financial year 2025, SPECTRUM made a profit of €58,631.
- Where can I find the annual accounts of SPECTRUM?
- SPECTRUM filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SPECTRUM due?
- SPECTRUM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies See the other companies in the same group.SGS INVEST · 20 companies
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