SPECTRUM
ActiveSummary
SPECTRUM is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show negative equity (-€1.1m) and a net result of -€1.1m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 6155 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 6155 sector peers (2024).
NBB · sector comparisonPosition among 6155 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
28 d early
2022
34 d early
2021
32 d early
2020
33 d early
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
-€1.1m▼ 8,436%
2023 · -€12,859
Net result
-€1.1m▼ 4,476%
2023 · -€23,703
Total assets
€2.9m▼ 31.4%
2023 · €4.2m
Solvency
-37.7%▼ 37.4pp
2023 · -0.3%
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
Line20202021202220232024
Operating result€63,021▲ 44.5%€63,700▲ 1.1%€51,058▼ 19.8%€40,685▼ 20.3%€29,365▼ 27.8%
Net result€1,850▼ 72.1%-€567-€15,671▼ 2,662%-€23,703▼ 51.2%-€1.1m▼ 4,476%
Equity€27,082▲ 7.3%€26,515▼ 2.1%€10,844▼ 59.1%-€12,859-€1.1m▼ 8,436%
Total assets€4.5m▲ 11.0%€4.8m▲ 6.4%€4.5m▼ 5.1%€4.2m▼ 6.4%€2.9m▼ 31.4%
Debt€4.5m▲ 11.0%€4.8m▲ 6.4%€4.5m▼ 4.8%€4.3m▼ 5.9%€4.0m▼ 5.9%
Working capital-€584,997▼ 86.8%€506,215€170,302▼ 66.4%-€84,898€1.0m
Solvency0.6%=0.6%=0.2%▼ 0.3pp-0.3%▼ 0.5pp-37.7%▼ 37.4pp
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Net result -4,476%, Equity -8,436% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 28% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.9m
Fixed assets
€1.5m ▼ 63.9%
Current assets
€1.4m ▲ 660%
Key figures and ratios
ROA
-37.2%▼
2023 · -0.6%
Debt ≤ 1 year
€430,459▲
2023 · €275,632
Debt > 1 year
€3.5m▼
2023 · €4.0m
Income taxes
€224▼
2023 · €241
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,391 | €10,899 | €8,298 | €20,191 | €22,604 | ▲ 12.0% |
| Other operating charges640/8 | - | €174 | €1,304 | €1,770 | €4,289 | ▲ 142% |
| Non-recurring operating charges66A | - | - | €7,005 | €0 | - | - |
| Gross operating margin9900 | €68,585 | €74,773 | €67,664 | €62,646 | €56,259 | ▼ 10.2% |
| Operating profit (loss)9901 | €63,021 | €63,700 | €51,058 | €40,685 | €29,365 | ▼ 27.8% |
| Financial income75/76B | - | €3,527 | €0 | - | €4,936 | - |
| Recurring financial income75 | - | €3,527 | €0 | - | €4,936 | - |
| Financial charges65/66B | - | €67,717 | €66,510 | €64,147 | €1.1m | ▲ 1,644% |
| Recurring financial charges65 | €60,608 | €67,717 | €66,510 | €64,147 | €61,999 | ▼ 3.3% |
| Non-recurring financial charges66B | - | - | - | - | €1.1m | - |
| Profit (loss) for the period before taxes9903 | €2,414 | -€490 | -€15,453 | -€23,461 | -€1.1m | ▼ 4,523% |
| Income taxes67/77 | €564 | €78 | €218 | €241 | €224 | ▼ 7.3% |
| Profit (loss) for the period9904 | €1,850 | -€567 | -€15,671 | -€23,703 | -€1.1m | ▼ 4,476% |
| Profit (loss) for the period to be appropriated9905 | €1,850 | -€567 | -€15,671 | -€23,703 | -€1.1m | ▼ 4,476% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.5m | €4.8m | €4.5m | €4.2m | €2.9m | ▼ 31.4% |
| Fixed assets21/28 | €4.0m | €4.0m | €4.1m | €4.1m | €1.5m | ▼ 63.9% |
| Tangible fixed assets22/27 | €48,804 | €37,905 | €87,768 | €69,699 | €225,085 | ▲ 223% |
| Land and buildings22 | - | - | - | - | €173,010 | - |
| Plant, machinery and equipment23 | - | - | €1,910 | €2,805 | €1,318 | ▼ 53.0% |
| Furniture and vehicles24 | - | €37,905 | €85,858 | €66,893 | €50,758 | ▼ 24.1% |
| Financial fixed assets28 | €4.0m | €4.0m | €4.0m | €4.0m | €1.2m | ▼ 68.9% |
| Current assets29/58 | €460,220 | €758,556 | €464,703 | €190,734 | €1.4m | ▲ 660% |
| Amounts receivable within one year40/41 | €45 | €36 | €18,390 | €18,169 | €355,238 | ▲ 1,855% |
| Trade receivables40 | - | €36 | €18,390 | €18,150 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €0 | - | €19 | €355,238 | ▲ 1,890,470% |
| Cash at bank and in hand54/58 | €455,911 | €754,066 | €441,341 | €170,459 | €1.1m | ▲ 540% |
| Deferred charges and accrued income490/1 | - | €4,454 | €4,972 | €2,106 | €3,115 | ▲ 47.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.5m | €4.8m | €4.5m | €4.2m | €2.9m | ▼ 31.4% |
| Equity10/15 | €27,082 | €26,515 | €10,844 | -€12,859 | -€1.1m | ▼ 8,436% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €8,482 | €7,915 | €0 | - | - | - |
| Distributable reserves133 | - | €7,915 | €0 | - | - | - |
| Profit (loss) carried forward14 | - | - | -€7,756 | -€31,459 | -€1.1m | ▼ 3,448% |
| Amounts payable17/49 | €4.5m | €4.8m | €4.5m | €4.3m | €4.0m | ▼ 5.9% |
| Amounts payable after more than one year17 | €3.4m | €4.5m | €4.2m | €4.0m | €3.5m | ▼ 10.3% |
| Financial debts170/4 | - | €4.5m | €4.2m | €4.0m | €3.5m | ▼ 10.3% |
| Amounts payable within one year42/48 | €1.0m | €252,341 | €294,401 | €275,632 | €430,459 | ▲ 56.2% |
| Current portion of amounts payable after more than one year42 | - | €244,956 | €247,276 | €249,582 | €405,499 | ▲ 62.5% |
| Trade debts44 | €1,876 | €1,718 | €1,011 | €3,039 | €3,765 | ▲ 23.9% |
| Suppliers440/4 | - | €1,718 | €1,011 | €3,039 | €3,765 | ▲ 23.9% |
| Taxes, remuneration and social security45 | - | €2,999 | €3,047 | €3,210 | €1,299 | ▼ 59.5% |
| Taxes450/3 | - | €2,999 | €3,047 | €3,210 | €1,299 | ▼ 59.5% |
| Other amounts payable47/48 | - | €2,668 | €43,067 | €19,800 | €19,895 | ▲ 0.5% |
| Accrued charges and deferred income492/3 | - | €29,798 | €29,798 | €29,813 | €30,338 | ▲ 1.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,850 | -€567 | -€15,671 | -€23,703 | -€1.1m | ▼ 4,476% |
| + Depreciation and write-downs630 | €5,391 | €10,899 | €8,298 | €20,191 | €22,604 | ▲ 12.0% |
| Operating cash flow (approximation) | €7,241 | €10,332 | -€7,374 | -€3,512 | -€1.1m | ▼ 30,146% |
| Investment in fixed assets (approximation) | - | €0 | -€58,161 | -€2,121 | €2.6m | ▲ 121,266% |
| Change in cash | - | €298,154 | -€312,725 | -€270,882 | €920,150 | ▲ 440% |
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
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€1.1m
Net result drops to -€1.1m, the lowest in the series.
31-12
Financial
Liquidity times 5current ratio 3.37
Current ratio from 0.69 to 3.37.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 7current ratio 3.01
Current ratio from 0.44 to 3.01; short-term debt falls from €1.0m to €252,341.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Beerse · 1 establishment unit since 2019
Ground area
281 m²
Building footprint
86 m²
Parcel 13004A0404/00X003, Flanders. Linked by address, not a title deed.
1 establishment unit
SPECTRUM
since 20192.288.620.077
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004A0404/00X003indicative | Flanders | 281 m² | 1 · 86 m² | - |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2024 annual accounts of SPECTRUM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 5,357 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
Founded24-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0725613052
Also
9925:BE0725613052
Registered
17-05-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.