SPI.R0
ActiveSummary
SPI.R0 has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61,500 and a net result of €0. Its solvency ranks better than 14% of 5,786 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Financials · financial year 2025, full format
Peer companies
Historical observationOf the 179 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97.2% are still going.
- Large
- solvency under 10%
- a profit under 5% of the balance sheet
- without age
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
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 179 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.
| Line | 2025 |
|---|---|
| Operating income70/76A | €151.3m |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €151.3m |
| Other operating income74 | €0.001m |
| Operating charges60/66A | €145.6m |
| Goods for resale, raw materials and consumables60 | €145.2m |
| Purchases600/8 | €145.2m |
| Services and other goods61 | €0.2m |
| Other operating charges640/8 | €0.1m |
| Operating profit (loss)9901 | €5.7m |
| Financial income75/76B | €0.1m |
| Recurring financial income75 | €0.1m |
| Other financial income752/9 | €0.1m |
| Financial charges65/66B | €5.8m |
| Recurring financial charges65 | €5.8m |
| Debt charges650 | €5.7m |
| Other financial charges652/9 | €0.07m |
| Profit (loss) for the period before taxes9903 | €0 |
| Profit (loss) for the period9904 | €0 |
| Profit (loss) for the period to be appropriated9905 | €0 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €156.0m | |
| Current assets29/58 | €156.0m | |
| Stocks and contracts in progress3 | €155.8m | |
| Contracts in progress37 | €155.8m | |
| Amounts receivable within one year40/41 | €0.01m | |
| Other amounts receivable41 | €0.01m | |
| Cash at bank and in hand54/58 | €0.2m | |
| Deferred charges and accrued income490/1 | €0.02m | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €156.0m | |
| Equity10/15 | €0.06m | |
| Contributions10/11 | €0.06m | |
| Capital10 | €0.06m | |
| Issued capital100 | €0.06m | |
| Amounts payable17/49 | €156.0m | |
| Amounts payable after more than one year17 | €149.2m | |
| Financial debts170/4 | €149.2m | |
| Credit institutions173 | €145.4m | |
| Other loans174 | €3.8m | |
| Amounts payable within one year42/48 | €6.6m | |
| Trade debts44 | €6.6m | |
| Suppliers440/4 | €6.6m | |
| Accrued charges and deferred income492/3 | €0.2m | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €0 |
| Operating cash flow (approximation) | €0 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 15-07-2026 | 2026-00311577 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.