Financials
- Fiscal year
- 2025
- Total assets
- €100,385
- Loss
- -€28,403
- Solvency
- 35.8%
Total assets▼ 29.4%
Net result
20192025
SPHERCO
ActiveSummary
SPHERCO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,895 and a net result of -€28,403. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 34% of 11607 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Engineering and related technical consultancy, excluding land surveyors
NACE 71121NACE 74203
#9 oldest company in Ath, Professional and technical services sector1 site
Size
€100,385total assets 2025
- Equity
- €35,895
- Loss
- -€28,403
Structure
- Parent
- Architecture et Etude Notté, société multi-professionnelle d'architectes · 96%
Accounts 1 d early0 of 5 deeds read
Why 90- Loss of €28,403, the second in a row (FY 2025)+ Sector Architectural and engineering activities; technical testing and analysis (NACE 71)+ Size: total assets €100,385+ Liquidity: current ratio 2.87, cash €19,938Show the evidence
Checked score
Score 2025
90
/ 100
Excellent
Probability in this band: under 0.55%
Better than 27% of its sector peers (NACE 71, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
61-9
equity 35.8% of total assets
Liquidity
71-3
short-term debt 16.8% · cash 19.9%
Profitability
0-1
return on assets -28.3%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%▼ -0.6% vs 11-2024
01-2025: 0.3%▲ +63.5% vs 12-2024highest value
02-2025: 0.1%▼ -65.6% vs 01-2025
03-2025: 0.1%● 0.0% vs 02-2025
04-2025: 0.1%● 0.0% vs 03-2025
05-2025: 0.1%● 0.0% vs 04-2025
06-2025: 0.1%● 0.0% vs 05-2025
07-2025: 0.1%● 0.0% vs 06-2025
08-2025: 0.1%● 0.0% vs 07-2025
09-2025: 0.1%● 0.0% vs 08-2025
10-2025: 0.1%▼ -7.0% vs 09-2025
11-2025: 0.1%● 0.0% vs 10-2025
12-2025: 0.1%▼ -5.4% vs 11-2025lowest value
01-2026: 0.1%▲ +22.7% vs 12-2025
02-2026: 0.2%▲ +64.8% vs 01-2026
03-2026: 0.1%▼ -37.1% vs 02-2026
04-2026: 0.1%● 0.0% vs 03-2026
05-2026: 0.1%● 0.0% vs 04-2026
06-2026: 0.1%● 0.0% vs 05-2026
07-2026: 0.1%● 0.0% vs 06-2026
08-2026: 0.1%▼ -2.7% vs 07-2026
09-2026: 0.1%● 0.0% vs 08-2026
10-2026: 0.1%● 0.0% vs 09-2026
- Loss of €28,403, the second in a row (FY 2025) raises the probability
- Sector Architectural and engineering activities; technical testing and analysis (NACE 71) lowers the probability
- Size: total assets €100,385 lowers the probability for this profile
- Liquidity: current ratio 2.87, cash €19,938 lowers the probability
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.87 against 4.69 in 2024; short-term debt: 16.8% and cash: 19.9% of total assets), but 64.2% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 71, micro). Better than this share of them on solvency 35%, liquidity 58%, profitability 4%, growth against the median 12%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
19202122232425
2019 to 2025 · latest year -€28,403
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
8 d early
2023
2 d early
2022
1 d early
2021
on the day
2020
3 d early
2019
3 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 3 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close06-10-2026 today31-01-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€28,403
- Annual accounts filedfiscal year 2024 · micro…
Key points
- Caution: Among the weakest 5% on net resultsector median €16,709 · 11,607 companies -€28,403 View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Controlled by Architecture et Etude Notté… 96% View
- Caution: 2 loss-making years in a rowloss fiscal year 2025 -€28,403 View
By topic
Board & ownership
- Parent
- Architecture et Etude Notté… · 96%
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-01-2027
- 30-01-2026Annual accounts filed
- 30-06-2025Weakest financial year
- 23-01-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121
- Founded
- 30-06-1993
- Year ends
- 30-06
- Peppol
- Reachable for e-invoices
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