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SPhysio Performance

Active
Private limited companyfounded 2025active for 1 yearChemin du Bois de Fromont(LOV) 29, 6280 Gerpinnes, BelgiumKBO/BCE: BE 1021.652.203
Summary

SPhysio Performance has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10,273 and a net result of €5,273. Its solvency ranks better than 12% of 20,511 sector peers (NACE 86, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Physiotherapy
NACE 86951
1 site
Size
€135,412total assets 2025
Equity
€10,273
Profit
€5,273
Turnover not published (micro format)
Financial health
81 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Accounts 30 days early
Why 81raises risk1 change of registered office in 24 monthsEquity €10,273 (7.6% of total assets)lowers riskSector: Human health activities (NACE 86)Figures for financial year 2025 (filed 01-07-2026)Show the evidence

Checked score

Score 2025
81 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 11% of its sector peers (NACE 86, micro)
Financial strength
Weak
Solvency 33
equity 7.6% of total assets
Liquidity 18
short-term debt 86.9% · cash 13.1%
Profitability 74
return on assets 3.9%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (24,086 companies, NACE 86, micro)
Last 24 months 04-2026: 0.3% 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.6%▲ +0.3 percentage points vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026highest value 08-2026: 0.3%▼ -0.3 percentage points vs 07-2026lowest value 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.27, below 1; short-term debt: 86.9% and cash: 13.1% of total assets), and 92.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 86, micro): better than 13% on solvency, 3% on liquidity and 17% on profitability.

The bankruptcy probability was computed on 20-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
lowers risk · Sector: Human health activities (NACE 86)
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Figures for financial year 2025 (filed 01-07-2026)
NBB · annual accounts
raises risk · Equity €10,273 (7.6% of total assets)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 20511 sector peers (2025).
NBB · sector comparison
Position among 20511 sector peers
Solvency
better than 12%
← weakest strongest →
raises risk · Young company
Founded in 2025, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 years
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 01-07-2026, 30 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
30 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2025.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Registered officeRegistered-office move · Director in…
  3. IncorporationAppointment: Simon PIRON (administrateur non…

Financials · financial year 2025, micro format

Equity
€10,273
Total assets
€135,412
Net result
€5,273
Working capital
-€85,820

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €135,412
Fixed assets €103,546
Current assets €31,865
Equity and liabilities €135,412
Equity €10,273
Debt €125,139
Debt finances 92.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€22,625
Cash flow
€21,064
Current ratio
0.27
Debt to equity
12.18
ROE
51.3%
ROA
3.9%
Interest coverage
31.68
Debt ≤ 1 year
€117,685
Debt > 1 year
€7,454
Income taxes
€846
Staff costs
€2,511

Peer companies

Historical observation

Of the 514 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96.9% are still going.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
1.8% went bankrupt
1.2% stopped otherwise
96.9% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 514 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
Filed annual accounts As filed with the NBB · 2025 · 38 lines
Balance sheet Code2025
Assets
Total assets20/58€135,412
Fixed assets21/28€103,546
Intangible fixed assets21€73,978
Tangible fixed assets22/27€29,268
Furniture and vehicles24€29,268
Financial fixed assets28€300
Current assets29/58€31,865
Amounts receivable within one year40/41€12,803
Trade receivables40€12,803
Cash at bank and in hand54/58€17,723
Deferred charges and accrued income490/1€1,339
Equity and liabilities
Total equity and liabilities10/49€135,412
Equity10/15€10,273
Contributions10/11€5,000
Profit (loss) carried forward14€5,273
Amounts payable17/49€125,139
Amounts payable after more than one year17€7,454
Financial debts170/4€7,454
Amounts payable within one year42/48€117,685
Current portion of amounts payable after more than one year42€6,645
Trade debts44€4,941
Suppliers440/4€4,941
Taxes, remuneration and social security45€2,846
Taxes450/3€849
Remuneration and social security454/9€1,997
Other amounts payable47/48€103,252
Income statement Code2025
Remuneration, social security and pensions62€2,511
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,792
Other operating charges640/8€286
Gross operating margin9900€25,422
Operating profit (loss)9901€6,833
Financial charges65/66B€714
Recurring financial charges65€714
Profit (loss) for the period before taxes9903€6,119
Income taxes67/77€846
Profit (loss) for the period9904€5,273
Profit (loss) for the period to be appropriated9905€5,273
Appropriation of the result
Profit (loss) to be appropriated9906€5,273

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€2,511
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,792
Other operating charges640/8€286
Gross operating margin9900€25,422
Operating profit (loss)9901€6,833
Financial charges65/66B€714
Recurring financial charges65€714
Profit (loss) for the period before taxes9903€6,119
Income taxes67/77€846
Profit (loss) for the period9904€5,273
Profit (loss) for the period to be appropriated9905€5,273
Line2025
Assets
Total assets20/58€135,412
Fixed assets21/28€103,546
Intangible fixed assets21€73,978
Tangible fixed assets22/27€29,268
Furniture and vehicles24€29,268
Financial fixed assets28€300
Current assets29/58€31,865
Amounts receivable within one year40/41€12,803
Trade receivables40€12,803
Cash at bank and in hand54/58€17,723
Deferred charges and accrued income490/1€1,339
Equity and liabilities
Total equity and liabilities10/49€135,412
Equity10/15€10,273
Contributions10/11€5,000
Profit (loss) carried forward14€5,273
Amounts payable17/49€125,139
Amounts payable after more than one year17€7,454
Financial debts170/4€7,454
Amounts payable within one year42/48€117,685
Current portion of amounts payable after more than one year42€6,645
Trade debts44€4,941
Suppliers440/4€4,941
Taxes, remuneration and social security45€2,846
Taxes450/3€849
Remuneration and social security454/9€1,997
Other amounts payable47/48€103,252
Line2025
Profit (loss) for the period9904€5,273
+ Depreciation and write-downs630€15,792
Operating cash flow (approximation)€21,064

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 01-07-2026 2026-00231163

Similar companies · same sector, comparable size

Of the 12,610 active companies whose main activity is physiotherapy (NACE 86951), figures are known for 2,245. 1,656 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No sitting directors in the 2 Gazette acts read. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 31 March 2025, SPhysio Performance was incorporated as a private limited company.1 In 2026 the registered office moved to Loverval.2 The company has filed annual accounts once, for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 21-05-2026
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
01-07
NBB filing Annual accounts filed
financial year 2025 · micro format
21-05
Gazette deed Registered office
Registered-office move · Director in office3 facts ▸
  • General meeting, 15-04-2026
  • Registered-office move, Chemin du bois de Fromont 29. 6280 Loverval
  • Director in office, PIRON Simon (director)
2025
02-04
Gazette deed Incorporation
Appointment: Simon PIRON (administrateur non statutaire) · Founder · Founding capital14 facts ▸
  • Founder, PIRON Simon Michel Jean
  • Other provision, “déclaration préalable de capacité, loi relative à la continuité des entreprises” (deed in French)
  • Other provision, “avertissement dénomination et marques, nom sociétés,unités d’établissement,dénominations commerciales produits” (deed in French)
  • Incorporation, 28-03-2025
  • Founding capital, €5,000
  • Bank account, “compte spécial, société en formation” (deed in French)
  • Other provision, 28-03-2025
  • Other provision, “avantages particuliers attribués à fondateur ou participant à constitution” (deed in French)
  • Kind of shares, “nominatives”, 500 (deed in French)
  • Registered office clause, “Fontaine-L’Eveque/Forchies-la-Marche, rue des Sœurs 5-3/1” (deed in French)
  • Director appointment, Simon PIRON (administrateur non statutaire)
  • Board rule, 1
  • +2 further facts in this act
Gazette deedNBB filing
2 of 2 deeds read

Register details

Identification
Legal formPrivate limited company
Founded31-03-2025
Financial year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if you send it electronically, you need their agreement on a secure channel. The invoice remains valid; it is the customer, not you, who risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 21 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Gerpinnes · 1 establishment unit since 2025
registered office establishment The establishment unit on the map
Ground area
2,281 m²
Building footprint
493 m²
Building volume
989 m³
2 parcels, Wallonia · tallest building 11.0 m. Linked by address, not a title deed.
1 establishment unit
Sphysio Performance
Rue des Soeurs(FLM) 5, 6141 Fontaine-l'EvêquePhysiotherapy
since 2025unit no. 2.371.913.482
2 parcels
Wallonia 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
52023B0221/00T000 Wallonia 1,281 m² 1 · 317 m² -
52041A0135/00W007 Wallonia 999 m² 1 · 176 m² 11.0 m · 2
How the parcels are linked
Good to know
Both parcels match the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“La préparation physique,l'entraînement sportif,le développement de programmes de renforcement musculaire,d'endurance,de souplesse,de…” (deed in French)
22 activities (deed in French)
  1. La préparation physique,l'entraînement sportif,le développement de programmes de renforcement musculaire,d'endurance,de souplesse,de rééducation fonctionnelle et de performance,à destination d'athlètes,de sportifs amateurs ou professionnels,ainsi que de toute personne désirant améliorer sa condition physique et ses performances sportives.
  2. L'évaluation de la condition physique,la conception de programmes d'entraînement personnalisés,la gestion de l'effort,l'accompagnement de la rééducation post-traumatique ou post-opératoire,la prévention des blessures,ainsi que l'accompagnement dans la préparation physique en présentiel ou en ligne.
  3. Des services de coaching,de suivi nutritionnel et psychologique lié à l'amélioration des performances sportives,ainsi que de gestion de la récupération après l'effort.
  4. La création,la production,la distribution et la commercialisation de produits et services innovants,notamment numériques,dans le domaine de la kinésithérapie,de la rééducation et de la préparation physique dans le sens le plus large.
  5. La conception et l'animation de programmes de formation,de séminaires,et de cours,en présentiel ou en ligne,dans les domaines de la kinésithérapie,de la rééducation et de la préparation physique.
  6. L'exercice et la pratique de la kinésithérapie dans le sens le plus large
  7. L’exercice de la micro-kiné,la kinésiologie et l’énergétique
  8. La mise en œuvre de toutes techniques paramédicales
  9. L'accomplissement de toutes prestations liées à la santé (comme la thérapie manuelle),à la prévention et au sport,notamment le massage,la gymnastique au sens large du terme (médicale,prénatale,postnatale,),l'électrothérapie,la physiothérapie,la rééducation médicale et périnéale,la psychomotricité,...
  10. La pratique de tous types de traitements relatifs à la revalidation physique et de remise en forme
  11. La conception,l'installation,l'organisation et l'exploitation d'un cabinet,d'un centre destiné à dispenser l'ensemble des prestations précitées,d'un club de sport,d'une salle d'entraînement sportif et de remise en condition physique
  12. L'achat,la vente,l'importation,l'exportation,la location de tout matériel et appareil,et de tous produits en rapport avec les activités ainsi que toutes prestations se rattachant notamment à l'ostéopathie,l'ergothérapie,l'endermologie...
  13. L’organisation,la promotion et l’exploitation d’événements,manifestations,congrès,expositions,séminaires,stages ainsi que l’édition,la diffusion et la vente de livres,magazines,DVD et brochures ayant un rapport direct ou indirect avec le secteur médical,paramédical,éducatif,préventif,sportif ou de bien-être
  14. Toutes opérations de gestion administrative et financière dans d'autres cabinets de kinésithérapie,maisons médicales,ou toute autre infrastructure
  15. La réalisation,pour son compte propre,de toutes opérations foncières et immobilières et notamment
  16. L'achat,la vente,l'échange,la construction,la reconstruction,la démolition,la transformation,l'exploitation,la location et la gérance de tous immeubles bâtis,meublés ou non
  17. L'achat,la vente,l'échange,la mise en valeur,le lotissement,l'exploitation,la location et l'affermage de tous immeubles non bâtis
  18. La mise à disposition de praticiens de locaux professionnels et de tous autres services
  19. Toutes prestations liées au bien-être,à la prévention et au sport,notamment des massages,relaxations neuromusculaires,sans que cette énumération soit limitative
  20. L’achat,la vente,l’importation,l’exportation,le commerce de gros et de détail,le commerce ambulant ainsi que les marchés publics de tous produits
  21. Le commerce de détail de tous types de produits par correspondance ou par Internet (e-commerce)
  22. La prestation de tout service dans le cadre de son objet

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
SPhysio Performance
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Pas de changement régime linguistique applicable, wallonne” (deed in French)

deed of 02-04-2025

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Nommés avec ou sans limitation,qualité d'administrateur statutaire si nommés dans statuts, un ou plusieurs administrateurs,personnes…” (deed in French)
“Rémunération_des_administrateurs, sauf_décision_contraire_de_l_assemblée_générale” (deed in French)

deed of 02-04-2025

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Nominatives, registre des actions nominatives avec mentions requises par le code des sociétés et des associations” (deed in French)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Valeur intrinsèque sur base du dernier compte annuel approuvé, toute cession ou transmission à tiers non déjà actionnaires,volontaire ou…” (deed in French)
Share issue ruleHow and by whom new shares can be issued.
“Actions nouvelles à souscrire en numéraire, organe qui procède à l'émission” (deed in French)

deed of 02-04-2025

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor
Dissolution ruleWhen and by whom the company can be dissolved.
“Assemblée_générale, prévues_pour_modifications_aux_statuts” (deed in French)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Si_aucun_autre_liquidateur_désigné, administrateurs en fonction en vertu des statuts” (deed in French)

deed of 02-04-2025

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Indivisibilité des titres, indivisibles,un seul propriétaire par titre pour exercice des droits” (deed in French)
Other provision: “Contrôle_de_la_société, lorsque_la_loi_l_exige_et_dans_les_limites_qu_elle_prévoit” (deed in French)
Other provision: “Tenue_et_convocation_assemblée_générale, ordre du jour” (deed in French)
Other provision: “Écrite_par_tout_moyen_de_transmission, représentation_assemblée” (deed in French)
Other provision: “Séances_procès-verbaux, tenu_au_siège” (deed in French)
Other provision: “Délibérations_vote, quel_que_soit_le_nombre_de_titres_représentés” (deed in French)
Other provision: “Organe d administration, prorogation” (deed in French)
Other provision: “Pouvoirs_assemblée_générale, ceux_conférés_par_le_code_des_sociétés_et_des_associations” (deed in French)
Other provision: “Répartition_réserves, affectation_donnée_par_assemblée_sur_proposition_organe” (deed in French)
Liquidation distribution: “Actif net entre tous actionnaires en proportion de leurs actions, remis_pour_partage_même_proportion” (deed in French)
Other provision: “Élection_de_domicile, siège” (deed in French)
Other provision: “Tribunaux_du_siège_compétence_exclusive, compétence_judiciaire” (deed in French)
Other provision: “Droit commun” (deed in French)
4 more provisions in the deed, see the deed of 02-04-2025

deed of 02-04-2025