Equity
€70,766 from €146,569 in 2019
Equity fell by 52% in 6 years.
SPEDIX
Lifetime
17 annual accounts with figures on one time axispeak €473,513 (2017)
-€2,849▼ €864
lowest -€55,900 (2020)
-€2,705▼ €1,001
peak €146,569 (2019)
€70,766▼ 3.7%
€161,319▼ 0.2%
peak 14.9 FTE (2016)
-not published
Board1 name since 2008
1 directorEl Fihmi Morad
Documentsfilings and deeds
12-01-202619 days before the deadline
2025micro format
Gross margin from -€1,985 to -€2,849Loss of €2,705Cash from €23 to €5
Key points
from the 2025 annual accountsLosses
-€7,866 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
At the same address
237 companies
Turnover not published (abbreviated or micro format)
Checked score
64
Healthy
Financially stronger than 24% of micro companies in office administrative support (NACE 82)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%lowest value
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.5%▲ +0.1 percentage points vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.4%▼ -0.1 percentage points vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.5%▲ +0.1 percentage points vs 12-2025
02-2026: 0.4%▼ -0.1 percentage points vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 1.1%▲ +0.7 percentage points vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.1%● unchanged vs 07-2026
09-2026: 1.1%● unchanged vs 08-2026
10-2026: 1.1%● unchanged vs 09-2026highest value
11-2026: 1.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Liquidity: current ratio 1.44, cash €5, halved
lowers risk
Sector: Office administrative, office support and other business support activities (NACE 82)
Founded in 2008
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 82, micro). It does better than 36% of them on solvency, 8% on liquidity, 20% on profitability and 33% 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 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 6,908 companies had the same profile as SPEDIX has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SPEDIX itself: 1.1% 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 6,908 companies, not a prediction for SPEDIX. 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 €4,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.44 (1.44 in 2024), below the usual 1.5. Short-term debt is 69.5% and cash 0% of total assets. 69.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-01-2026, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
19 days early
2024
44 days early
2023
27 days early
2022
6 days early
2021
5 days early
2020
33 days late
2019
367 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 43 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 12 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0897058770
Registered office moved from Anderlecht to Brussels
New registered office: Picardstraat 7 bus 100 blok 6, 1000 Brussel · Previous registered office: Cantilenestraat 21, 1070 Anderlecht · Board meeting of 07-04-2026 · Gazette deed
Incorporation
published on 17-04-2008 · Gazette deed
First establishment
Picardstraat 7, Brussels
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SPEDIX Brussels | €232,085 | -€2,849 | 30.5% | - |
| Rond Point Schuman 11 Centre Ixelles | €196,333 | -€59,458 | -1558.2% | - |
| ALASKA Kortrijk | €224,749 | €165 | 11.1% | - |
| B4PROGRESS Lievegem | €264,782 | -€5,116 | 97.0% | - |
| Food For Design Kortrijk | €266,663 | -€28,087 | 65.9% | - |
| Renal Wuustwezel | €270,807 | -€15,406 | 89.8% | - |
| LANDMANN Antwerp | €278,121 | -€52,035 | 98.9% | - |
These companies have the same main activity as SPEDIX: other business support services (NACE 82990). They are comparable in size and age: total assets between €196,000 and €278,000, founded between 2006 and 2009.
Official details
Source: KBO- Status
- Active since 04-04-2008Normal situation
- Registered office
- 238 active companies are registered at this address18 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Other business support servicesNACE 82990and 2 others
- Establishment unit
- 2.171.872.3621000 Brussels, since 04-04-2008
- Financial year end
- 30 June
- Peppol
- Reachable since 26-06-2026
Annual accounts to 30-06-2025
- €232,085▼ 1.3%
- Filing
- Filed on 12-01-2026, 19 days before the end of the filing period
Insights on SPEDIX
SPEDIX files the micro format. That format states no turnover. The gross margin fell from €120,350 in 2009 to -€2,849 in 2025.
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 SPEDIX
- What is the company number of SPEDIX?
- The company number of SPEDIX is 0897.058.770. The VAT number is the same number with BE in front: BE 0897.058.770.
- Where is SPEDIX based?
- The registered office is at Picardstraat 7, 1000 Brussels.Company details
- What does SPEDIX do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of SPEDIX?
- SPEDIX is a private limited company (pre-2019) (BVBA).
- When was SPEDIX founded?
- SPEDIX was founded on 04-04-2008.
- Is SPEDIX still active?
- Yes, SPEDIX is an active enterprise in the KBO register.
- How many employees does SPEDIX have?
- SPEDIX had an average of 1.8 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of SPEDIX?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.
- Is SPEDIX profitable?
- In financial year 2025, SPEDIX made a loss of €2,705.
- Where can I find the annual accounts of SPEDIX?
- SPEDIX filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SPEDIX due?
- SPEDIX must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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