SPESS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €109k and a net result of €57k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 89% of 8006 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €109k
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 23-04-2026, 99 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
99 d early
2024
31 d early
2023
22 d early
2022
24 d early
2021
12 d early
2020
33 d early
2019
32 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€109k▲ 60.6%
2024 · €68k
2018: €38k
2019: €52k
2020: €16k
2021: €11k
2022: €21k
2023: €47k
2024: €68k
2018 → 2025
Net result
€57k▲ 167%
2024 · €21k
2018: €3k
2019: €13k
2020: €-35k
2021: €-6k
2022: €10k
2023: €26k
2024: €21k
2018 → 2025
Total assets
€120k▲ 59.2%
2024 · €75k
2018: €93k
2019: €89k
2020: €44k
2021: €32k
2022: €43k
2023: €69k
2024: €75k
2018 → 2025
Solvency
91.1%▲ 0.8pp
2024 · 90.3%
2018: 41.4%
2019: 57.7%
2020: 36.6%
2021: 33.3%
2022: 48.4%
2023: 67.9%
2024: 90.3%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€21k▲ 98.5%€47k▲ 121%€68k▲ 46.0%€109k▲ 60.6%
Operating result€-5k-€12k€28k▲ 131%€32k▲ 15.4%€81k▲ 151%
Net result€-6k-€10k€26k▲ 145%€21k▼ 16.1%€57k▲ 167%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 151% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €120k
Fixed assets
€1k▼ 24.8%
Current assets
€118k▲ 61.5%
Equity and liabilities €120k
Equity
€109k▲ 60.6%
Debt
€11k▲ 46.6%
The debt ratio falls from 9.7% to 8.9%. Equity and debt are higher.
Key figures and ratios
Solvency
91.1%▲
2024 · 90.3%
ROE
52.4%▲
2024 · 31.5%
ROA
47.7%▲
2024 · 28.5%
Debt
€11k▲
2024 · €7k
Debt ≤ 1 year
€10k▲
2024 · €7k
Income taxes
€23k▲
2024 · €9k
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€75k€120k▲
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€897€782▼
Furniture and vehicles24€1k€717▼
Current assets29/58€73k€118k▲
Amounts receivable within one year40/41€50k€92k▲
Trade receivables40€43k€81k▲
Other amounts receivable41€7k€11k▲
Cash at bank and in hand54/58€20k€24k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€75k€120k▲
Equity10/15€68k€109k▲
Contributions10/11€12k€12k=
Reserves13€56k€97k▲
Tax-exempt reserves132€5k€5k=
Distributable reserves133€51k€92k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€7k€11k▲
Amounts payable within one year42/48€7k€10k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€5k€7k▲
Taxes450/3€5k€7k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€392€544▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€495€495=
Other operating charges640/8€528€607▲
Gross operating margin9900€33k€82k▲
Operating profit (loss)9901€32k€81k▲
Financial income75/76B€3€200▲
Recurring financial income75€3€200▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€31k€80k▲
Income taxes67/77€9k€23k▲
Profit (loss) for the period9904€21k€57k▲
Profit (loss) for the period to be appropriated9905€21k€57k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€57k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€16k
Transfer to equity691/2€21k€57k▲
To other reserves6921€21k€57k▲
Profit to be distributed694/7-€16k
Return on contributions (dividend)694-€16k
The notes to these accounts (7 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
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €57k ▲167%
Operating result €81k, net result €57k, both a record.
31-12
Financial
Equity above €100kEq €109k ▲60.6%
4 profitable years in a row build equity to €109k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 10.62
Current ratio from 3.08 to 10.62; short-term debt falls from €21k to €7k.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-35k ▼369%
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Gent · 1 establishment unit since 2013
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.
Martelaarslaan 4319000 GentGround area
159 m²
Building footprint
96 m²
Volume, LiDAR
934 m³
Parcel 44816K0949/00V002, Flanders · tallest building 15.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SPESS
since 20132.215.763.476
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0949/00V002 | Flanders | 159 m² | 1 · 96 m² | 15.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,759. 12,521 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2012
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.