Equity
€396,495 ▼ 5.6%
SPEVACON paid out €143,662 in dividends. That is 119% of the 2025 profit.
SPEVACON
Lifetime
20 annual accounts with figures on one time axispeak €219,144 (2025)
€219,144▲ 15.1%
peak €120,254 (2025)
€120,254▲ 39.5%
peak €419,903 (2024)
€396,495▼ 5.6%
€337,448▲ 5.8%
Board1 name since 2021
1 directorSPELIERS Yves
Documentsfilings and deeds
27-07-20264 days before the deadline
2025micro format
Gross margin from €190,353 to €219,144Result from €86,192 to €120,254Dividend €143,662
Key points
from the 2025 annual accountsTurnover
≈ €370,000 estimated
The micro format states no turnover.
Position in the sector
€120,254
Higher net result than 89% of companies in head offices and management consultancy. Sector median €27,132 · 39,384 companies.
Checked score
94
Excellent
Financially stronger than 53% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
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 06-2025highest value
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
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 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €733,943
Liquidity: current ratio 1.42, cash €302,921
Sector: Activities of head offices; management consultancy activities (NACE 70)
Figures for financial year 2025 (filed on 27-07-2026)
Calculation
The band follows from the bankruptcy probability. 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, micro). It does better than 49% of them on solvency, 72% on liquidity, 59% on profitability and 32% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as SPEVACON has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of SPEVACON itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for SPEVACON. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.42 (1.49 in 2024), below the usual 1.5. Short-term debt is 41.3% and cash 41.3% of total assets. 46% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 days early
2024
7 days early
2023
36 days early
2022
12 days early
2021
30 days late
2020
7 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0873102443
New director
SPELIERS Yves appointed, SPELIERS Yves resigned · Director discharge: SPELIERS Yves · General meeting of 26-09-2023 · Gazette deed
Registered office moved to Sint-kruis-Winkel
New registered office: Sint-Kruis-Winkeldorp 44 te 9042 Sint-kruis-Winkel · General meeting of 01-08-2020 · Gazette deed
Capital increase
Capital from €94,600 to €18,600 · Capital from €18,600 to €94,600, 370 new shares · SPELIERS Yves holds 235 shares · General meeting of 18-04-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SPEVACON Ghent | €733,943 | €219,144 | 54.0% | - |
| Credibility Delivering Solutions in Logistics Sint-Lievens-Houtem | €793,240 | €223,958 | 60.9% | - |
| COREBIZ Ghent | €684,512 | €198,085 | 93.2% | - |
| ADX CONSULT Sint-Gillis-Waas | €691,581 | €204,435 | 66.7% | - |
| ATSS BC Destelbergen | €742,917 | €261,208 | 50.1% | 1 |
| KATAXAN Wichelen | €836,348 | €239,468 | 65.6% | - |
| MEGAS BEHEER Ghent | €838,570 | €196,375 | 96.8% | - |
These companies have the same main activity as SPEVACON: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €685,000 and €839,000, founded between 2002 and 2006.
Official details
Source: KBO- Status
- Active since 11-04-2005Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment units
- 2.146.583.0769042 Ghent, since 13-04-2005
- 2.221.537.1548620 Nieuwpoort, since 03-04-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2025
Annual accounts 2025
- €733,943▼ 0.7%
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on SPEVACON
SPEVACON files the micro format. That format states no turnover. The gross margin rose from €68,622 in 2006 to €219,144 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SPEVACON
- What is the company number of SPEVACON?
- The company number of SPEVACON is 0873.102.443. The VAT number is the same number with BE in front: BE 0873.102.443.
- Where is SPEVACON based?
- The registered office is at Sint-Kruis-Winkeldorp 44, 9042 Ghent.Company details
- What does SPEVACON do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of SPEVACON?
- SPEVACON is a private limited company (BV).
- When was SPEVACON founded?
- SPEVACON was founded on 11-04-2005.
- Is SPEVACON still active?
- Yes, SPEVACON is an active enterprise in the KBO register.
- What is the turnover of SPEVACON?
- The turnover in financial year 2025 is ≈ €370,000. This figure is estimated from the gross margin of €219,144 and 109 comparable companies (NACE 70200). It probably lies between €310,000 and €440,000.Financials
- Is SPEVACON profitable?
- In financial year 2025, SPEVACON made a profit of €120,254.
- Where can I find the annual accounts of SPEVACON?
- SPEVACON filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SPEVACON due?
- SPEVACON must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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