Financials
- Fiscal year
- 2024
- Total assets
- €1.5m
- Profit
- €173,711
- Solvency
- 30.6%
SPEENGHAR
ActiveSummary
The computed 12-month bankruptcy probability of SPEENGHAR is 3.9% (moderate). The 2024 annual accounts show equity of €469,484 and a net result of €173,711. Equity is growing by ~66.4% per year across the filed fiscal years. Its solvency ranks better than 50% of 2089 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Artisanal bread and fresh pastry making
NACE 10712Retail sale of bread and pastry (bakery outlets) NACE 47241
2 sites
Size
€1.5mtotal assets 2024
- Equity
- €469,484
- Profit
- €173,711
Turnover not published (abridged schema)
Structure
Accounts 64 d overdue0 of 1 deed read
Why 49- 1 financial year not filed after the legal deadline; latest accounts 73 days late; 1 of the last 3 late- Figures for FY 2024 (filed 12-10-2025)- Sector Manufacture of food products (NACE 10)+ Size: total assets €1.5mShow the evidence
Checked score
Score 2024
49
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 55% of its sector peers (NACE 10, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Average
Solvency
56+1
equity 30.6% of total assets
Liquidity
27-16
short-term debt 54.8% · cash 4.3%
Profitability
83-1
return on assets 11.3%
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.5%lowest value
12-2024: 0.5%● 0.0% vs 11-2024lowest value
01-2025: 0.5%● 0.0% vs 12-2024lowest value
02-2025: 0.5%▲ +0.8% vs 01-2025
03-2025: 0.5%▲ +0.4% vs 02-2025
04-2025: 0.6%▲ +9.8% vs 03-2025
05-2025: 0.6%▲ +9.1% vs 04-2025
06-2025: 0.8%▲ +27.5% vs 05-2025
07-2025: 0.9%▲ +17.7% vs 06-2025
08-2025: 1.4%▲ +49.1% vs 07-2025
09-2025: 1.6%▲ +13.3% vs 08-2025
10-2025: 2.0%▲ +30.3% vs 09-2025
11-2025: 2.2%▲ +6.8% vs 10-2025
12-2025: 2.2%● 0.0% vs 11-2025
01-2026: 2.1%▼ -0.5% vs 12-2025
02-2026: 1.8%▼ -16.0% vs 01-2026
03-2026: 1.8%● 0.0% vs 02-2026
04-2026: 1.8%▼ -0.7% vs 03-2026
05-2026: 1.8%▲ +3.1% vs 04-2026
06-2026: 1.9%▲ +2.7% vs 05-2026
07-2026: 2.1%▲ +9.4% vs 06-2026
08-2026: 2.8%▲ +36.6% vs 07-2026
09-2026: 2.9%▲ +2.2% vs 08-2026
10-2026: 3.9%▲ +36.4% vs 09-2026highest value
- 1 financial year not filed after the legal deadline; latest accounts 73 days late; 1 of the last 3 late raises the probability
- Figures for FY 2024 (filed 12-10-2025) raises the probability
- Size: total assets €1.5m lowers the probability for this profile
- Sector Manufacture of food products (NACE 10) raises the probability
Credit up to €23,000 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.65 in 2023; short-term debt: 54.8% and cash: 4.3% of total assets), and 69.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 10, micro). Better than this share of them on solvency 48%, liquidity 19%, profitability 72%, growth against the median 81%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-10-2025, 73 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
73 d late
2023
24 d late
2022
29 d late
2021
29 d late
2020
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 36 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Annual accounts filedfiscal year 2022 · micro…
Key points
By topic
Timeline
- Events
- 9
- Since
- 2021
- 12-10-2025Annual accounts filed
- 24-08-2024Annual accounts filed
- 29-08-2023Annual accounts filed
Company details
- Sites
- 2
- Legal form
- Private limited company
- Activity
- Artisanal bread and fresh pastry makingNACE 10712
- Founded
- 13-11-2019
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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