SPHERE 5
ActiveSummary
SPHERE 5 has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,000 and a net result of €19,802. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-6
Solvency27=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.22 in 2024; short-term debt: 46.1% and cash: 2.2% of total assets), and 97.8% of the assets are financed with debt.
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Signals
Five 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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
2.2%
Return on assets
2.2%
Age of the figures
12 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7814 sector peers (2025).
NBB · sector comparisonPosition among 7814 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-04-2026, 7 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
7 d early
2024
30 d early
2023
26 d early
2022
26 d early
2021
3 d early
2020
4 d early
2019
25 d late
← 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 10 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€20,000▼ 1.0%
2024 · €20,210
Total assets
€916,844▼ 7.0%
2024 · €986,349
Net result
€19,802▼ 68.2%
2024 · €62,295
Working capital
-€379,996▼ 25.5%
2024 · -€302,701
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€63,738▲ 40.2%€66,032▲ 3.6%€77,262▲ 17.0%€94,688▲ 22.6%€40,601▼ 57.1%
Net result€39,017above the sector's middle half▲ 61.9%€37,646within the sector's middle half▼ 3.5%€47,951above the sector's middle half▲ 27.4%€62,295above the sector's middle half▲ 29.9%€19,802within the sector's middle half▼ 68.2%
Equity€78,888within the sector's middle half▲ 97.9%€114,934within the sector's middle half▲ 45.7%€162,885within the sector's middle half▲ 41.7%€20,210within the sector's middle half▼ 87.6%€20,000within the sector's middle half▼ 1.0%
Total assets€1.1mabove the sector's middle half▼ 6.5%€1.1mabove the sector's middle half▼ 3.7%€1.0mabove the sector's middle half▼ 6.5%€986,349above the sector's middle half▼ 4.4%€916,844above the sector's middle half▼ 7.0%
Debt€1.1m▼ 10.0%€989,587▼ 7.4%€869,374▼ 12.1%€966,138▲ 11.1%€896,844▼ 7.2%
Working capital-€214,580▲ 17.2%-€177,124▲ 17.5%-€130,669▲ 26.2%-€302,701▼ 132%-€379,996▼ 25.5%
Solvency6.9%below the sector's middle half▲ 3.6pp10.4%below the sector's middle half▲ 3.5pp15.8%below the sector's middle half▲ 5.4pp2.0%below the sector's middle half▼ 13.7pp2.2%below the sector's middle half▲ 0.1pp
Staff (FTE)1.6▲ 45.5%0.4▼ 75.0%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 57% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €916,844
Fixed assets
€874,080 ▼ 3.1%
Current assets
€42,765 ▼ 49.0%
Equity and liabilities €916,844
Equity
€20,000 ▼ 1.0%
Debt
€896,844 ▼ 7.2%
Debt's share of the balance-sheet total falls from 98.0% to 97.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€99,458▼
2024 · €157,637
Cash flow
€78,659▼
2024 · €125,245
Current ratio
0.10▼
2024 · 0.22
Debt to equity
44.84▼
2024 · 47.80
ROE
99.0%▼
2024 · 308.2%
ROA
2.2%▼
2024 · 6.3%
Interest coverage
6.58▼
2024 · 15.14
Debt ≤ 1 year
€422,761▲
2024 · €386,585
Debt > 1 year
€443,155▼
2024 · €505,673
Income taxes
€5,678▼
2024 · €21,979
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,600 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.6%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,600 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €50,769 | €20,051 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €80,130 | €73,801 | €67,945 | €62,950 | €58,857 | ▼ 6.5% |
| Other operating charges640/8 | €9,200 | €18,472 | €10,268 | €11,643 | €11,929 | ▲ 2.5% |
| Gross operating margin9900 | €203,838 | €178,355 | €155,475 | €169,280 | €111,387 | ▼ 34.2% |
| Operating profit (loss)9901 | €63,738 | €66,032 | €77,262 | €94,688 | €40,601 | ▼ 57.1% |
| Financial income75/76B | - | €4 | €20 | €0 | €4 | ▲ 35,700% |
| Recurring financial income75 | - | €4 | €20 | €0 | €4 | ▲ 35,700% |
| Financial charges65/66B | €15,577 | €14,368 | €12,057 | €10,413 | €15,125 | ▲ 45.3% |
| Recurring financial charges65 | €15,577 | €14,368 | €12,057 | €10,413 | €15,125 | ▲ 45.3% |
| Profit (loss) for the period before taxes9903 | €48,161 | €51,667 | €65,226 | €84,275 | €25,480 | ▼ 69.8% |
| Income taxes67/77 | €9,145 | €14,021 | €17,274 | €21,979 | €5,678 | ▼ 74.2% |
| Profit (loss) for the period9904 | €39,017 | €37,646 | €47,951 | €62,295 | €19,802 | ▼ 68.2% |
| Profit (loss) for the period to be appropriated9905 | €39,017 | €37,646 | €47,951 | €62,295 | €19,802 | ▼ 68.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.0m | €986,349 | €916,844 | ▼ 7.0% |
| Fixed assets21/28 | €1.1m | €1.0m | €962,311 | €902,465 | €874,080 | ▼ 3.1% |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €962,311 | €902,465 | €874,080 | ▼ 3.1% |
| Land and buildings22 | €1.1m | €1.0m | €961,077 | €899,119 | €868,159 | ▼ 3.4% |
| Plant, machinery and equipment23 | €2,430 | €1,832 | €1,233 | €1,474 | €1,649 | ▲ 11.9% |
| Furniture and vehicles24 | - | - | - | €1,871 | €4,272 | ▲ 128% |
| Current assets29/58 | €43,236 | €74,265 | €69,948 | €83,884 | €42,765 | ▼ 49.0% |
| Amounts receivable within one year40/41 | €614 | €3,541 | €16,190 | €22,190 | €22,226 | ▲ 0.2% |
| Trade receivables40 | - | €2,972 | €551 | €21,229 | €20,493 | ▼ 3.5% |
| Other amounts receivable41 | €614 | €570 | €15,640 | €960 | €1,734 | ▲ 80.5% |
| Cash at bank and in hand54/58 | €939 | €63,006 | €53,719 | €61,073 | €20,500 | ▼ 66.4% |
| Deferred charges and accrued income490/1 | €41,683 | €7,718 | €39 | €622 | €39 | ▼ 93.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.0m | €986,349 | €916,844 | ▼ 7.0% |
| Equity10/15 | €78,888 | €114,934 | €162,885 | €20,210 | €20,000 | ▼ 1.0% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €58,888 | €94,934 | €142,885 | €210 | - | - |
| Amounts payable17/49 | €1.1m | €989,587 | €869,374 | €966,138 | €896,844 | ▼ 7.2% |
| Amounts payable after more than one year17 | €805,284 | €691,681 | €599,337 | €505,673 | €443,155 | ▼ 12.4% |
| Financial debts170/4 | €805,284 | €691,681 | €599,337 | €505,673 | €443,155 | ▼ 12.4% |
| Amounts payable within one year42/48 | €257,815 | €251,389 | €200,617 | €386,585 | €422,761 | ▲ 9.4% |
| Current portion of amounts payable after more than one year42 | €211,108 | €208,450 | €169,415 | €154,670 | €143,495 | ▼ 7.2% |
| Trade debts44 | €9,004 | €16,931 | €17,373 | €16,163 | €29,136 | ▲ 80.3% |
| Suppliers440/4 | €9,004 | €16,931 | €17,373 | €16,163 | €29,136 | ▲ 80.3% |
| Taxes, remuneration and social security45 | €12,100 | €14,542 | €13,358 | €9,063 | €36,067 | ▲ 298% |
| Taxes450/3 | €9,296 | €14,411 | €13,358 | €9,063 | €36,067 | ▲ 298% |
| Remuneration and social security454/9 | €2,804 | €131 | - | - | - | - |
| Other amounts payable47/48 | €25,603 | €11,465 | €471 | €206,689 | €214,062 | ▲ 3.6% |
| Accrued charges and deferred income492/3 | €5,305 | €46,517 | €69,420 | €73,880 | €30,928 | ▼ 58.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,017 | €37,646 | €47,951 | €62,295 | €19,802 | ▼ 68.2% |
| + Depreciation and write-downs630 | €80,130 | €73,801 | €67,945 | €62,950 | €58,857 | ▼ 6.5% |
| Operating cash flow (approximation) | €119,147 | €111,447 | €115,896 | €125,245 | €78,659 | ▼ 37.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,104 | -€30,472 | ▼ 882% |
| Change in cash | - | €62,067 | -€9,287 | €7,354 | -€40,574 | ▼ 652% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2019net €62,295 ▲29.9%
Operating result €94,688, net result €62,295, both a record.
04-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €150,000Eq €162,885 ▲41.7%
4 profitable years in a row build equity to €162,885.
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €100,000Eq €114,934 ▲45.7%
3 profitable years in a row build equity to €114,934.
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €24,105
Net result €24,105 after one loss-making year.
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Asse · 1 establishment unit since 2018
Ground area
1,052 m²
Building footprint
1,052 m²
Volume, LiDAR
6,474 m³
Parcel 23095B0028/00Z002, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SPHERE 5
since 20182.278.838.519
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23095B0028/00Z002 | Flanders | 1,052 m² | 1 · 1,052 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 11,218 companies in sector 82100 we hold annual accounts for 3,509. 2,257 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-08-2018
Fiscal year end30-09
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700857860
Also
9925:BE0700857860
Registered
06-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.