Spentys
ActiveSpentys has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.96M and a net result of €-1.04M. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 50% of 118 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency85▼-15
Growth52=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 1.57 against 2.41 in 2024), but 50.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Sector 32
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.1%
Return on assets
-26.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1M
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 17-07-2026, 14 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
14 d early
2024
14 d early
2023
5 d early
2022
5 d early
2021
13 d early
2020
26 d late
2019
42 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-1.04M▲ 29.0%
2024 · €-1.47M
2018: €-98k
2019: €-436k
2020: €-604k
2021: €-784k
2022: €-1.11M
2023: €-1.20M
2024: €-1.47M
2018 → 2025
Working capital
€294k▼ 43.4%
2024 · €520k
2018: €479k
2019: €144k
2020: €882k
2021: €1.36M
2022: €264k
2023: €888k
2024: €520k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€848k-€2.13M▲ 151%€3.02M▲ 41.9%€2.92M▼ 3.4%€1.96M▼ 32.8%
Operating result€-831k-€-1.11M▼ 34.0%€-1.21M▼ 9.1%€-1.54M▼ 26.9%€-1.21M▲ 21.5%
Net result€-784k-€-1.11M▼ 41.5%€-1.20M▼ 8.5%€-1.47M▼ 21.7%€-1.04M▲ 29.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.21M in 2025 against €1.54M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.99M
Fixed assets
€3.18M▼ 4.7%
Current assets
€812k▼ 8.5%
Equity and liabilities €3.99M
Equity
€1.96M▼ 32.8%
Debt
€2.03M▲ 55.4%
The debt ratio rises from 31.0% to 50.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€27k▲
2024 · €-514k
Cash flow
€197k▲
2024 · €-438k
Solvency
49.1%▼
2024 · 69.0%
Current ratio
1.57▼
2024 · 2.41
Quick ratio
1.57▼
2024 · 2.39
Debt / equity
1.04▲
2024 · 0.45
ROE
-53.1%▼
2024 · -50.3%
ROA
-26.1%▲
2024 · -34.7%
Interest coverage
0.24▲
2024 · -6.89
Debt
€2.03M▲
2024 · €1.31M
Debt ≤ 1 year
€518k▲
2024 · €368k
Debt > 1 year
€1.44M▲
2024 · €838k
Income taxes
€-79k▼
2024 · €-44k
Staff costs
€699k▼
2024 · €813k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.22M€3.99M▼
Fixed assets21/28€3.34M€3.18M▼
Intangible fixed assets21€3.27M€3.15M▼
Tangible fixed assets22/27€62k€32k▼
Plant, machinery and equipment23€38k€23k▼
Furniture and vehicles24€15k€1k▼
Other tangible fixed assets26€10k€8k▼
Financial fixed assets28€46€1k▲
Current assets29/58€888k€812k▼
Stocks and contracts in progress3€7k€609▼
Stocks30/36€7k€609▼
Amounts receivable within one year40/41€515k€669k▲
Trade receivables40€129k€380k▲
Other amounts receivable41€386k€289k▼
Cash at bank and in hand54/58€356k€111k▼
Deferred charges and accrued income490/1€9k€31k▲
Equity and liabilities
Total equity and liabilities10/49€4.22M€3.99M▼
Equity10/15€2.92M€1.96M▼
Contributions10/11€6.35M€6.35M=
Capital10€6.35M€6.35M=
Issued capital100€6.37M€6.37M=
Uncalled capital101€12k€12k=
Profit (loss) carried forward14€-3.70M€-4.74M▼
Investment grants15€263k€348k▲
Amounts payable17/49€1.31M€2.03M▲
Amounts payable after more than one year17€838k€1.44M▲
Financial debts170/4€838k€1.44M▲
Amounts payable within one year42/48€368k€518k▲
Current portion of amounts payable after more than one year42€126k€196k▲
Financial debts43-€25k
Credit institutions430/8-€25k
Trade debts44€154k€197k▲
Suppliers440/4€154k€197k▲
Taxes, remuneration and social security45€87k€94k▲
Taxes450/3€7k€5k▼
Remuneration and social security454/9€80k€89k▲
Other amounts payable47/48€0€5k▲
Accrued charges and deferred income492/3€102k€79k▼
Income statement
Code20242025
Non-recurring operating income76A€238€0▼
Remuneration, social security and pensions62€813k€699k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.03M€1.24M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k€19k▲
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A€3k€13k▲
Gross operating margin9900€316k€761k▲
Operating profit (loss)9901€-1.54M€-1.21M▲
Financial income75/76B€113k€204k▲
Recurring financial income75€107k€204k▲
Non-recurring financial income76B€6k€0▼
Financial charges65/66B€80k€113k▲
Recurring financial charges65€75k€113k▲
Non-recurring financial charges66B€6k€0▼
Profit (loss) for the period before taxes9903€-1.51M€-1.12M▲
Income taxes67/77€-44k€-79k▼
Profit (loss) for the period9904€-1.47M€-1.04M▲
Profit (loss) for the period to be appropriated9905€-1.47M€-1.04M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3.70M€-4.74M▼
Profit (loss) brought forward from the previous period14P€-2.23M€-3.70M▼
Transfer from equity791/2€0-
Social balance
Average headcount (FTE)908711.79.2▼
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-1.47M
Net result drops to €-1.47M, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €2MEq €2.13M ▲151%
Equity rises from €848k to €2.13M.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
31-12
Financial
Equity above €1MEq €1.44M ▲909%
Equity rises from €143k to €1.44M.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
29-07-2021
Florian DE BOECK: Resigned as Director
29-07-2021
Louis-Philippe BROZE: Resigned as Director
Location & real-estate footprint
Registered office, Vorst · 2 establishment units since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Humaniteitslaan 2921190 VorstGround area
2.4 ha
Building footprint
2,415 m²
Volume, LiDAR
29,275 m³
2 parcels, Brussels, Wallonia · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Spentys
since 20182.281.535.614
Spentys
since 20222.333.810.201
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21384D0004/00M003 | Brussels | 1.6 ha | 1 · 1,623 m² | 18.4 m · 4 fl. |
| 52028B0323/00M003 | Wallonia | 8,679 m² | 1 · 791 m² | 18.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
10 connected companiesNetwork connections
Shared address
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Shared address
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Show 6 more network connections
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Shared address
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Of 1,244 companies in sector 32500 we hold annual accounts for 691. 329 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-09-2017
Fiscal year end31-12
Activities, NACEBEL
32500Manufacture of medical and dental instruments and supplies
46150Agents in the wholesale of furniture, household goods and hardware
47740Retail trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
70200Business and other management consultancy
70220Business consulting
77225Rental and leasing activities
86901Human health activities
86910Medical imaging and medical laboratories
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.