Spéléo-J
ActiveSummary
Spéléo-J has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €162,863 and a net result of -€31,065. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 78% of 4231 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability3▼-2
Solvency89▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 2.91 against 3.63 in 2024; short-term debt: 30.9% and cash: 52.3% of total assets), and 35.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€31,065
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 29-04-2026, 93 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
93 d early
2024
83 d early
2023
65 d early
2022
32 d early
2021
67 d early
2020
25 d early
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 54 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 25 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€31,065▼ 4.6%
2024 · -€29,692
Working capital
€149,124▼ 22.7%
2024 · €193,034
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€38,338▲ 1,201%€15,790▼ 58.8%€21,926▲ 38.9%-€30,873-€33,870▼ 9.7%
Net result€37,571within the sector's middle half▲ 1,394%€14,930within the sector's middle half▼ 60.3%€21,026within the sector's middle half▲ 40.8%-€29,692below the sector's middle half-€31,065below the sector's middle half▼ 4.6%
Equity€187,664within the sector's middle half▲ 25.0%€202,594within the sector's middle half▲ 8.0%€223,620within the sector's middle half▲ 10.4%€193,928within the sector's middle half▼ 13.3%€162,863within the sector's middle half▼ 16.0%
Total assets€228,755below the sector's middle half▲ 9.8%€265,249below the sector's middle half▲ 16.0%€281,175below the sector's middle half▲ 6.0%€267,313below the sector's middle half▼ 4.9%€253,112below the sector's middle half▼ 5.3%
Debt€41,091▲ 1.9%€62,655▲ 52.5%€57,555▼ 8.1%€73,385▲ 27.5%€90,248▲ 23.0%
Working capital€187,664within the sector's middle half▲ 5.2%€202,594within the sector's middle half▲ 8.0%€223,620within the sector's middle half▲ 10.4%€193,034within the sector's middle half▼ 13.7%€149,124within the sector's middle half▼ 22.7%
Solvency82.0%above the sector's middle half▲ 10.0pp76.4%above the sector's middle half▼ 5.7pp79.5%above the sector's middle half▲ 3.2pp72.5%above the sector's middle half▼ 7.0pp64.3%above the sector's middle half▼ 8.2pp
Current ratio5.57above the sector's middle half▼ 1.524.23above the sector's middle half▼ 1.334.89above the sector's middle half▲ 0.653.63above the sector's middle half▼ 1.252.91above the sector's middle half▼ 0.72
Return on assets (ROA)16.4%above the sector's middle half▲ 15.2pp5.6%within the sector's middle half▼ 10.8pp7.5%within the sector's middle half▲ 1.8pp-11.1%below the sector's middle half▼ 18.6pp-12.3%below the sector's middle half▼ 1.2pp
Staff (FTE)4within the sector's middle half▼ 9.1%4.8within the sector's middle half▲ 20.0%4.6within the sector's middle half▼ 4.2%5within the sector's middle half▲ 8.7%5within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €33,870 in 2025 against €30,873 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €253,112
Fixed assets
€25,756 ▲ 2,780%
Current assets
€227,356 ▼ 14.7%
Equity and liabilities €253,112
Equity
€162,863 ▼ 16.0%
Debt
€90,248 ▲ 23.0%
Debt's share of the balance-sheet total rises from 27.5% to 35.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€31,830▼
2024 · -€30,706
Cash flow
-€29,025▲
2024 · -€29,525
Quick ratio
2.60▼
2024 · 3.28
Debt to equity
0.55▲
2024 · 0.38
ROE
-19.1%▼
2024 · -15.3%
Interest coverage
-237.59▼
2024 · -57.25
Debt ≤ 1 year
€78,232▲
2024 · €73,385
Debt > 1 year
€12,016
Staff costs
€386,608▲
2024 · €360,173
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,834 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €200,917 | €302,532 | €321,063 | €360,173 | €386,608 | ▲ 7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €690 | - | - | €167 | €2,040 | ▲ 1,123% |
| Other operating charges640/8 | €440 | €446 | €486 | €511 | €559 | ▲ 9.4% |
| Gross operating margin9900 | €240,385 | €318,768 | €343,476 | €329,979 | €355,338 | ▲ 7.7% |
| Operating profit (loss)9901 | €38,338 | €15,790 | €21,926 | -€30,873 | -€33,870 | ▼ 9.7% |
| Financial income75/76B | - | €32 | €6 | €1,717 | €2,939 | ▲ 71.2% |
| Recurring financial income75 | - | €32 | €6 | €1,717 | €2,939 | ▲ 71.2% |
| Financial charges65/66B | €768 | €892 | €906 | €536 | €134 | ▼ 75.0% |
| Recurring financial charges65 | €768 | €892 | €906 | €536 | €134 | ▼ 75.0% |
| Profit (loss) for the period before taxes9903 | €37,571 | €14,930 | €21,026 | -€29,692 | -€31,065 | ▼ 4.6% |
| Profit (loss) for the period9904 | €37,571 | €14,930 | €21,026 | -€29,692 | -€31,065 | ▼ 4.6% |
| Profit (loss) for the period to be appropriated9905 | €37,571 | €14,930 | €21,026 | -€29,692 | -€31,065 | ▼ 4.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €228,755 | €265,249 | €281,175 | €267,313 | €253,112 | ▼ 5.3% |
| Fixed assets21/28 | - | - | - | €894 | €25,756 | ▲ 2,780% |
| Tangible fixed assets22/27 | - | - | - | €894 | €25,756 | ▲ 2,780% |
| Furniture and vehicles24 | - | - | - | €894 | €25,756 | ▲ 2,780% |
| Current assets29/58 | €228,755 | €265,249 | €281,175 | €266,419 | €227,356 | ▼ 14.7% |
| Stocks and contracts in progress3 | €19,817 | €19,589 | €29,746 | €25,439 | €23,743 | ▼ 6.7% |
| Stocks30/36 | €19,817 | €19,589 | €29,746 | €25,439 | €23,743 | ▼ 6.7% |
| Amounts receivable within one year40/41 | €3,885 | €9,992 | €8,677 | €11,153 | €10,634 | ▼ 4.7% |
| Trade receivables40 | €1,290 | €5,665 | €724 | €2,794 | €837 | ▼ 70.0% |
| Other amounts receivable41 | €2,594 | €4,327 | €7,953 | €8,359 | €9,796 | ▲ 17.2% |
| Current investments50/53 | - | - | - | €110,000 | €60,000 | ▼ 45.5% |
| Cash at bank and in hand54/58 | €205,053 | €235,669 | €242,751 | €119,827 | €132,261 | ▲ 10.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €718 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €228,755 | €265,249 | €281,175 | €267,313 | €253,112 | ▼ 5.3% |
| Equity10/15 | €187,664 | €202,594 | €223,620 | €193,928 | €162,863 | ▼ 16.0% |
| Contributions10/11 | - | €110,780 | €110,780 | €110,780 | €110,780 | = |
| Capital10 | - | €110,780 | €110,780 | €110,780 | €110,780 | = |
| Profit (loss) carried forward14 | €76,884 | €91,814 | €112,840 | €83,148 | €52,083 | ▼ 37.4% |
| Amounts payable17/49 | €41,091 | €62,655 | €57,555 | €73,385 | €90,248 | ▲ 23.0% |
| Amounts payable after more than one year17 | - | - | - | - | €12,016 | - |
| Financial debts170/4 | - | - | - | - | €12,016 | - |
| Amounts payable within one year42/48 | €41,091 | €62,655 | €57,555 | €73,385 | €78,232 | ▲ 6.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €6,866 | - |
| Trade debts44 | €664 | €233 | €2,061 | €4,123 | €1,884 | ▼ 54.3% |
| Suppliers440/4 | €664 | €233 | €2,061 | €4,123 | €1,884 | ▼ 54.3% |
| Advances received on contracts in progress46 | - | - | €375 | €542 | - | - |
| Taxes, remuneration and social security45 | €40,426 | €62,422 | €55,119 | €68,721 | €69,482 | ▲ 1.1% |
| Taxes450/3 | €6,847 | €7,039 | €8,808 | €11,767 | €9,536 | ▼ 19.0% |
| Remuneration and social security454/9 | €33,579 | €55,383 | €46,312 | €56,954 | €59,945 | ▲ 5.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,571 | €14,930 | €21,026 | -€29,692 | -€31,065 | ▼ 4.6% |
| + Depreciation and write-downs630 | €690 | - | - | €167 | €2,040 | ▲ 1,123% |
| Operating cash flow (approximation) | €38,261 | €14,930 | €21,026 | -€29,525 | -€29,025 | ▲ 1.7% |
| Investment in fixed assets (approximation) | - | - | - | - | -€26,902 | - |
| Change in cash | - | €30,616 | €7,082 | -€122,924 | €12,433 | ▲ 110% |
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
Next filing, fiscal year 2026, expected by
2026
01-06
State Gazette act
Appointment: VANSCHEPDAEL Marie (director)Resignation: FONTENELLE Morgane (director)10 facts ▸
State Gazette act
Appointment: VANSCHEPDAEL Marie (director)
Resignation: FONTENELLE Morgane (director)10 facts ▸
- General meeting, 11-04-2026
- Director appointment, VANSCHEPDAEL Marie (director)
- Director resignation, FONTENELLE Morgane
- Board composition, ADAM Déborah (director)
- Board composition, ANDONOV Aleksandar (director)
- Board composition, BALFROID Maxime (director)
- Board composition, DE DORLODOT Adrien (director)
- Board composition, LEBEAU Benoît (director)
- Board composition, VANSCHEPDAEL Marie (director)
- Director in office, HAESEN Laurent (daily management delegate)
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€31,065
Net result drops to -€31,065, the lowest in the series.
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €200,000Eq €202,594 ▲8%
5 profitable years in a row build equity to €202,594.
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €37,571 ▲1,394%
Operating result €38,338, net result €37,571, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €150,000Eq €150,094 ▲1.7%
3 profitable years in a row build equity to €150,094.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
10-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 23 acts read
About the unread acts
Of the 23 Belgian State Gazette acts we know for this company, 1 has been read. The other 22 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
VANSCHEPDAEL Marie
CurrentDirector · since 01-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
22 of this company's 23 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2008
Ground area
203 m²
Building footprint
63 m²
Volume, LiDAR
581 m³
Parcel 92094B0050/00X002, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Spéléo-J
since 20082.195.654.980
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094B0050/00X002 | Wallonia | 203 m² | 1 · 63 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VANSCHEPDAEL Marie |
|
| FONTENELLE Morgane |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 1,312 companies in sector 47639 we hold annual accounts for 624. 503 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded04-12-1970
Fiscal year end31-12
Activities, NACEBEL 2025
47639Retail sale of other sporting goods
93199Other sports activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0412376001
Also
9925:BE0412376001
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.