SPEGELAERE MANAGEMENT

Active

Private limited companyfounded 2005active for 21 yearsHeistlaan 386, 8301 Knokke-Heist, BelgiumKBO/BCE: BE 0871.111.666

From the official registers: KBO 19 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

SPEGELAERE MANAGEMENT has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.0m and a net result of €404,971. Equity is growing by about 9% per year across the filed financial years. Its solvency ranks better than 64% of 39,242 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

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SPEGELAERE MANAGEMENTActiveChecked score 97/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 11-01-2005 Normal situation
Legal form: Private limited company
Registered office: Heistlaan 386, 8301 Knokke-Heist
Activity: Business and other management consultancy NACE 70200
Establishment unit: 2.150.558.492 8000 Brugge, since 16-12-2005
Financial year end: 31 March
Peppol: Reachable since 29-10-2025

Company details

Who decides

Board

Spegelaere FrederikDirector · since 29-12-2004

Holdings: Shares in 1 company IMMO SPEGELAERE

Board & ownership

How it is doing

97 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Annual accounts to 31-03-2025

Gross margin: €795,039; ▼ 9.6%
Turnover: ≈ €1.1m; estimated
Profit: €404,971; ▼ 18.6%
Equity: €3.0m; ▲ 15.5%
Total assets: €4.4m; ▲ 7.5%

2026 accounts not filed, 1 day past the deadline

Filed on 27-10-2025PDF

Financials

Why 97raises riskFigures for financial year 2025 (filed 31-10-2025)lowers riskSize: total assets €4.4mLiquidity: current ratio 1.49, cash €1.1mSector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025

97 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 76% of its sector peers (NACE 70, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 94+5

equity 68.6% of total assets

Liquidity 72+17

short-term debt 25.3% · cash 25.2%

Profitability 80-4

return on assets 9.2%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (4,518 companies, NACE 70, small)

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025highest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026lowest value 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 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026

Credit of up to €290,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.49, compared with 1.11 in 2024, below the usual 1.5; short-term debt: 25.3% and cash: 25.2% of total assets), and 31.4% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 70, small): better than 65% on solvency, 89% on liquidity, 79% on profitability and 71% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Size: total assets €4.4m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Liquidity: current ratio 1.49, cash €1.1m

NBB · annual accounts

Figures for financial year 2025 (filed 31-10-2025)

NBB · annual accounts

Sector: Activities of head offices; management consultancy activities (NACE 70)

KBO

Latest accounts filed on time

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2026

not filed

2025

4 days early

2024

9 days early

2023

on the day

2022

26 days early

2021

2 days early

2020

30 days late

← 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 2 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Positive: Among the best 5% on net resultsector median €27,197 · 39,258 companies €404,971 View
Positive: 6 profitable years in a rowprofit 2025: €404,971 6 years View

Documents

Key facts about SPEGELAERE MANAGEMENT

What is the company number of SPEGELAERE MANAGEMENT?: 0871.111.666. In Belgium the VAT number is the company number with BE in front: BE 0871.111.666.
Where is SPEGELAERE MANAGEMENT based?: The registered office is at Heistlaan 386, 8301 Knokke-Heist.Company details
What does SPEGELAERE MANAGEMENT do?: According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
What is the legal form of SPEGELAERE MANAGEMENT?: Private limited company (BV).
When was SPEGELAERE MANAGEMENT founded?: On 11-01-2005.
Is SPEGELAERE MANAGEMENT still active?: Yes, SPEGELAERE MANAGEMENT is an active enterprise in the KBO register.
What is the turnover of SPEGELAERE MANAGEMENT?: ≈ €1.1m in financial year 2025. Estimated from the gross margin of €795,039: probably between €940,000 and €2.0m, based on 94 comparable companies, NACE 70200.Financials
Is SPEGELAERE MANAGEMENT profitable?: In financial year 2025, SPEGELAERE MANAGEMENT made a profit of €404,971.
Where can I find the annual accounts of SPEGELAERE MANAGEMENT?: SPEGELAERE MANAGEMENT filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)