Spes
ActiveSpes has been active since 1965 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.98M and a net result of €80k. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 32% of 803 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
87
/ 100
Excellent▲ +11 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability20▲+8
Solvency84▲+3
Growth78=
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 2.68 against 2.59 in 2023), but 60% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
40%
Return on assets
1.6%
Age of the figures
20 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
28 d early
2022
26 d early
2021
26 d early
2020
9 d early
2019
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.98M▲ 4.9%
2023 · €1.88M
2018: €1.38M
2019: €1.51M
2020: €1.71M
2021: €1.73M
2022: €1.89M
2023: €1.88M
2018 → 2024
Total assets
€4.95M▼ 1.4%
2023 · €5.02M
2018: €5.21M
2019: €5.27M
2020: €5.35M
2021: €5.19M
2022: €5.18M
2023: €5.02M
2018 → 2024
Net result
€80k▲ 74.3%
2023 · €46k
2018: €22k
2019: €126k
2020: €107k
2021: €67k
2022: €201k
2023: €46k
2018 → 2024
Working capital
€397k▲ 10.8%
2023 · €358k
2018: €427k
2019: €404k
2020: €453k
2021: €388k
2022: €423k
2023: €358k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.71M-€1.73M▲ 1.2%€1.89M▲ 9.3%€1.88M▼ 0.5%€1.98M▲ 4.9%
Operating result€128k-€87k▼ 31.9%€219k▲ 151%€63k▼ 71.4%€100k▲ 60.1%
Net result€107k-€67k▼ 37.6%€201k▲ 201%€46k▼ 77.1%€80k▲ 74.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 60% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.95M
Fixed assets
€4.31M▼ 2.7%
Current assets
€634k▲ 8.5%
Equity and liabilities €4.95M
Equity
€1.98M▲ 4.9%
Debt
€2.97M▼ 5.2%
The debt ratio falls from 62.4% to 60.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€284k▲
2023 · €264k
Cash flow
€264k▲
2023 · €247k
Solvency
40.0%▲
2023 · 37.6%
Current ratio
2.68▲
2023 · 2.59
Quick ratio
2.68▲
2023 · 2.59
Debt / equity
1.50▼
2023 · 1.66
ROE
4.1%▲
2023 · 2.4%
ROA
1.6%▲
2023 · 0.9%
Interest coverage
13.49▼
2023 · 15.50
Debt
€2.97M▼
2023 · €3.13M
Debt ≤ 1 year
€237k▲
2023 · €226k
Debt > 1 year
€2.73M▼
2023 · €2.90M
Staff costs
€6.37M▲
2023 · €6.07M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€5.02M€4.95M▼
Fixed assets21/28€4.43M€4.31M▼
Tangible fixed assets22/27€4.43M€4.31M▼
Land and buildings22€4.24M€4.15M▼
Plant, machinery and equipment23€185k€154k▼
Furniture and vehicles24€9k€12k▲
Current assets29/58€584k€634k▲
Amounts receivable within one year40/41€364k€326k▼
Trade receivables40€172k€143k▼
Other amounts receivable41€192k€183k▼
Cash at bank and in hand54/58€217k€290k▲
Deferred charges and accrued income490/1€3k€18k▲
Equity and liabilities
Total equity and liabilities10/49€5.02M€4.95M▼
Equity10/15€1.88M€1.98M▲
Contributions10/11-€11k
Capital10-€11k
Profit (loss) carried forward14€896k€976k▲
Investment grants15€977k€989k▲
Amounts payable17/49€3.13M€2.97M▼
Amounts payable after more than one year17€2.90M€2.73M▼
Financial debts170/4€2.20M€2.05M▼
Credit institutions173€2.20M€2.05M▼
Other amounts payable178/9€696k€677k▼
Amounts payable within one year42/48€226k€237k▲
Current portion of amounts payable after more than one year42€155k€155k▼
Trade debts44€44k€50k▲
Suppliers440/4€44k€50k▲
Taxes, remuneration and social security45€19k€24k▲
Taxes450/3€2k€2k▼
Remuneration and social security454/9€17k€22k▲
Accrued charges and deferred income492/3€6k€6k▼
Income statement
Code20232024
Operating income70/76A€6.63M€6.94M▲
Other operating income74€19k€27k▲
Operating charges60/66A€6.56M€6.84M▲
Services and other goods61€289k€290k▲
Remuneration, social security and pensions62€6.07M€6.37M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€201k€184k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-7k-
Other operating charges640/8€7k€1k▼
Non-recurring operating charges66A-€4k
Operating profit (loss)9901€63k€100k▲
Financial income75/76B€451€985▲
Recurring financial income75€451€985▲
Other financial income752/9€451€985▲
Financial charges65/66B€17k€21k▲
Recurring financial charges65€17k€21k▲
Debt charges650€17k€21k▲
Other financial charges652/9€172€230▲
Profit (loss) for the period before taxes9903€46k€80k▲
Profit (loss) for the period9904€46k€80k▲
Profit (loss) for the period to be appropriated9905€46k€80k▲
Appropriation of the result
Profit (loss) to be appropriated9906€896k€976k▲
Profit (loss) brought forward from the previous period14P€850k€896k▲
Social balance
Average headcount (FTE)90873.43.3▼
The notes to these accounts (50 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €201k ▲201%
Net result €201k, the highest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 30 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schaarbeek · 2 establishment units since 1965
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.
d'Anethanstraat 331030 SchaarbeekGround area
3,548 m²
Building footprint
1,603 m²
Volume, LiDAR
19,151 m³
2 parcels, Brussels · tallest building 23.8 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
Ecole Saint-Gabriel
since 19652.153.387.825
Ecole Saints-Jean-et-Nicolas
since 20072.167.308.018
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0116/00V009 | Brussels | 2,807 m² | 1 · 1,270 m² | 15.1 m · 3 fl. |
| 21014A0244/00G000 | Brussels | 741 m² | 1 · 333 m² | 23.8 m · 7 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.
Public money · subsidies and aid
Wallonia-Brussels Federation
2022 to 2025 · 361 entries · 2,356,706 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 154 | 679,167 EUR |
| 2024 | 76 | 818,414 EUR |
| 2023 | 70 | 113,204 EUR |
| 2022 | 61 | 745,921 EUR |
Budget allocations
Subventions forfaitaires
Subventions forfaitaires - Enseignement de plein exercice
Subventions forfaitaires dans le fondamental
Programme prioritaire de travaux PPT
Dépenses de toute nature relatives au soutien du travail des directeurs d'établissements scolaires
Show 7 more
Financement d’urgence visant à soutenir les secteurs dépendant de la Fédération Wallonie-Bruxelles suite à la crise du coût de l'énergie
Dépenses liées à l'équipement de l'enseignement technique et professionnel
Dépenses de toute nature relatives au renforcement de la gratuité scolaire
Dépenses de toute nature relative à l'acquisition des manuels scolaires, de logiciels scolaires, d'outils pédagogiques et de livrespour la jeunesse
Subventions pour le paiement des prestations de surveillance de midi
Stratégie numérique pour l'enseignement
Fonds budgétaire pour la réalisation de programmes d'actions ou de formation et de réinsertion professionnelles dans l'enseignementobligatoire de plein exercice, ordinaire et spécialisé, et l'enseignement en alternance
Similar companies · same sector, comparable size
Parcivalschool - Steinerschool voor Buitengewoon Onderwijs
BE 0408.399.692
Antwerpen · Eq €2.01M
COMITE SCOLAIRE INSTITUT LE TREMPLIN, ECOLE PROFESSIONNELLE
BE 0414.699.843
Mouscron · Eq €1.93M
COLLEGE NOTRE DAME DE GEMMENICH
BE 0422.517.350
Plombières · Eq €1.77M
Ecole Escale
BE 0430.235.778
Ottignies-Louvain-la-Neuve · Eq €1.56M
De Pinker
BE 0409.954.662
Poperinge · Eq €1.37M
Of 42 companies in sector 85326 we hold annual accounts for 24. 22 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded12-08-1965
Fiscal year end31-12
Activities, NACEBEL
85326Education
Sources
Crossroads Bank for EnterprisesNational Bank · 19 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.