SPI CONSULTING
ActiveSPI CONSULTING has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €306k and a net result of €27k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 32% of 20785 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▲+11
Solvency68▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 5.23 against 4.13 in 2023; short-term debt: 5% and cash: 23.5% of total assets), but 57.1% of the assets are financed with debt.
Credit advice for your own amount and term
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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
30 d late
2022
30 d late
2021
6 d early
2020
17 d late
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€306k▲ 9.6%
2023 · €279k
2018: €160k
2019: €161k
2020: €196k
2021: €237k
2022: €277k
2023: €279k
2018 → 2024
Total assets
€712k▼ 1.5%
2023 · €723k
2018: €763k
2019: €733k
2020: €733k
2021: €744k
2022: €759k
2023: €723k
2018 → 2024
Net result
€27k▲ 1,298%
2023 · €2k
2018: €45k
2019: €16k
2020: €34k
2021: €41k
2022: €45k
2023: €2k
2018 → 2024
Working capital
€150k▲ 14.9%
2023 · €130k
2018: €92k
2019: €87k
2020: €109k
2021: €138k
2022: €137k
2023: €130k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€196k-€237k▲ 20.9%€277k▲ 17.1%€279k▲ 0.7%€306k▲ 9.6%
Operating result€57k-€65k▲ 14.7%€71k▲ 8.7%€10k▼ 85.2%€45k▲ 332%
Net result€34k-€41k▲ 18.5%€45k▲ 11.2%€2k▼ 95.8%€27k▲ 1,298%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 332% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €712k
Fixed assets
€527k▼ 4.4%
Current assets
€185k▲ 7.6%
Equity and liabilities €712k
Equity
€306k▲ 9.6%
Debt
€406k▼ 8.5%
The debt ratio falls from 61.4% to 57.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€74k▲
2023 · €39k
Cash flow
€55k▲
2023 · €31k
Solvency
42.9%▲
2023 · 38.6%
Current ratio
5.23▲
2023 · 4.13
Quick ratio
5.23▲
2023 · 4.13
Debt / equity
1.33▼
2023 · 1.59
ROE
8.7%▲
2023 · 0.7%
ROA
3.7%▲
2023 · 0.3%
Interest coverage
10.00▲
2023 · 5.15
Debt
€406k▼
2023 · €444k
Debt ≤ 1 year
€35k▼
2023 · €42k
Debt > 1 year
€371k▼
2023 · €402k
Income taxes
€12k▲
2023 · €966
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€723k€712k▼
Fixed assets21/28€551k€527k▼
Tangible fixed assets22/27€551k€527k▼
Land and buildings22€534k€515k▼
Furniture and vehicles24€14k€6k▼
Other tangible fixed assets26€2k€6k▲
Financial fixed assets28€25€25=
Current assets29/58€172k€185k▲
Amounts receivable within one year40/41€28k€17k▼
Trade receivables40€28k€14k▼
Other amounts receivable41-€3k
Cash at bank and in hand54/58€143k€167k▲
Deferred charges and accrued income490/1€1k€869▼
Equity and liabilities
Total equity and liabilities10/49€723k€712k▼
Equity10/15€279k€306k▲
Contributions10/11€43k€43k=
Reserves13€236k€263k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€232k€259k▲
Amounts payable17/49€444k€406k▼
Amounts payable after more than one year17€402k€371k▼
Financial debts170/4€402k€371k▼
Amounts payable within one year42/48€42k€35k▼
Current portion of amounts payable after more than one year42€31k€31k▲
Trade debts44€806€389▼
Suppliers440/4€806€389▼
Taxes, remuneration and social security45€7k€2k▼
Taxes450/3€7k€2k▼
Other amounts payable47/48€3k€2k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€28k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€41k€75k▲
Operating profit (loss)9901€10k€45k▲
Financial income75/76B€16€596▲
Recurring financial income75€16€596▲
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Profit (loss) for the period before taxes9903€3k€38k▲
Income taxes67/77€966€12k▲
Profit (loss) for the period9904€2k€27k▲
Profit (loss) for the period to be appropriated9905€2k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€27k▲
Transfer to equity691/2€2k€27k▲
To other reserves6921€2k€27k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €2k ▼95.8%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €45k ▲11.2%
Operating result €71k, net result €45k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €237k ▲20.9%
4 profitable years in a row build equity to €237k.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
05-12-2025
Resigned as Manager
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2009
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.
Boerenstraat 371040 EtterbeekGround area
93 m²
Building footprint
98 m²
Volume, LiDAR
1,028 m³
Parcel 21364B0173/00Z000, Brussels · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Spi Consulting
since 20092.181.535.641
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21364B0173/00Z000 | Brussels | 93 m² | 1 · 97 m² | 16.4 m · 4 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.
Recognitions · licences · registrations
Legal Entity Identifier
9845007F92E054468P90
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 13,692 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-09-2009
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:psaelens@spiconsulting.be