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Complete company report
Generated 27-07-2026
Active BE 0758.475.167Private limited company

SPI127

Mechelsesteenweg 127A ·2018 Antwerpen, Belgium· 5 yrs active
Sector: NACE 52210 (52210)
Conclusion Checked

The computed 12-month bankruptcy probability of SPI127 is 2.5% (moderate). The 2025 annual accounts show negative equity (€-39k) and a net result of €-26k. Equity is shrinking by ~63.6% per year across the filed fiscal years. Its solvency ranks better than 35% of 31 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €-39k
Net result €-26k
Better than sector 35%
Active 5 yrs
Snowflake analysis 5 axes · computed by Checked
Health12Profitability100Solvency42Growth32Stability94
56 / 100

Mixed profile: strong on profitability, weaker on health.

Health 12
Profitability 100
Solvency 42
Growth 32
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
2.5% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
12 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 29-04-2026 with the NBB · fiscal year 2025 · verkort
€-30k€-20k€-10k€0Operating result 2021: €-3k€-3kNet result 2021: €-9k€-9kOperating result 2022: €-2k€-2kNet result 2022: €-8k€-8kOperating result 2023: €-23k€-23kNet result 2023: €-28k€-28kOperating result 2024: €4k€4kNet result 2024: €-18k€-18kOperating result 2025: €-242€-242Net result 2025: €-26k€-26k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~63.6%/year over 5 fiscal years, indicative, assuming unchanged policy.
€-150k€-100k€-50k€0€50k2026: €-58k (€-63k - €-53k)2027: €-80k (€-88k - €-72k)2028: €-101k (€-112k - €-90k)2021: €41k2022: €33k2023: €6k2024: €-13k2025: €-39k20212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 52 · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency -1.4% 7.7%
better than 35% of 31 sector peers
Net result €-26k €27k
better than 18% of 30 sector peers
Equity €-39k €27k
better than 20% of 31 sector peers
Gross operating margin €5k €81k
better than 30% of 31 sector peers
Total assets €2.72M €648k
better than 95% of 31 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€4k
-52.2% -94% vs sector
Net profit
€-26k
-42.6% far below sector median
Cash flow
€-22k
-56.6% far below sector median
Total assets
€2.72M
0.0% far above sector median
Equity
€-39k
-203.7% far below sector median
Working capital
€-8k
+16.6% -199% vs sector
Employees (FTE)
0
- -100% vs sector
Debt
€2.76M
+1.0% far above sector median
Debt ≤ 1y
€76k
+5.7% +29% vs sector
Debt > 1y
€2.57M
0.0% far above sector median
Current ratio
0.90
+3.1% ≈ vs sector
Quick ratio
0.90
+3.1% ≈ vs sector
Solvency
-1.4%
-203.5% far below sector median
Debt / equity
-70.15
+66.7% far below sector median
ROE
67.1%
-53.0% +43% vs sector
ROA
-1.0%
-42.6% far below sector median
Interest coverage
0.17
-21.2% -97% vs sector
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€4k
Net profit€-26k
Cash flow€-22k
Staff costs-
Income taxes-
Dividends-
Total assets€2.72M
Equity€-39k
Debt€2.76M
of which ≤ 1y€76k
of which > 1y€2.57M
Working capital€-8k
Employees (FTE)0.0
Ratios (computed)
2025
Current ratio0.90
Quick ratio0.90
Working capital ratio-0.3%
Solvency-1.4%
Debt / equity-70.15
Long-term debt ratio-65.40
Interest coverage0.17
Gross margin-
Net margin-
ROA-1.0%
ROE67.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€2.72M
Fixed assets 21/28€2.65M
Tangible fixed assets 22/27€33k
Financial fixed assets 28€2.62M
Current assets 29/58€69k
Amounts receivable within one year 40/41€34k
Cash & bank 54/58€34k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.72M
Equity 10/15€-39k
Contributions / capital 10/11€50k
Accumulated profits (losses) 14€-89k
Amounts payable 17/49€2.76M
Amounts payable after one year 17€2.57M
Amounts payable within one year 42/48€76k
Trade debts payable within one year 44€74k
Income statement
Gross operating margin 9900€5k
Operating result 9901€-242
Financial income 75€0
Financial charges 65€26k
Result before taxes 9903€-26k
Net result for the period 9904€-26k
Result to be appropriated 9905€-26k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary 52210
Legal form Private limited company(610)
Incorporation17-11-2020
StatusActive
Postal code2018
Establishment units 1 location
SPI127
De Burburestraat 6-8, 2000 AntwerpenHoldings
since 20202.310.776.065
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11806F1416/00L000 Flanders 1,492 m² 1 · 815 m² 27.8 m · 6 fl.
11811L3674/00F002 Flanders 952 m² 1 · 769 m² 25.5 m · 6 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 7 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
29-04-2026
NBB filing Annual accounts filed
fiscal year 2025 · verkort
2025
29-01-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
17-10-2024
State Gazette act Director changes
17-04-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
09-03-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
14-02-2023
State Gazette act Registered-office change
2022
31-03-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
Belgisch Staatsblad, acts 2 acts
Address history · 1
14-02-2023
Registered-office move
All acts · 2 updated 1 year ago
2024
17-10-2024 4 directors appointed, 1 resigning Director changes
  • Els Op de Beeck, Vaste vertegenwoordiger
  • Ludovic Mertens, Gedelegeerd bestuurder
  • Alexander Verleysen, Gedelegeerd bestuurder
  • Joris Durinck, Gedelegeerd bestuurder
  • HECTORS KRISTOF BV, Vaste vertegenwoordiger
Technical details 
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      "role": "vaste_vertegenwoordiger",
      "person": {
        "rrn": null,
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        "address": null,
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      },
      "reason": "de_plein_droit_dissolution",
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2024-03-21",
      "evidence_quote": "De algemene vergaderging heeft kennis genomen en bevestigd het ontslag van HECTORS KRISTOF BV met als vaste vertegenwoordiger Kristof Hectors en dit met ingang vanaf 21/03/2024.",
      "decharge_status": null,
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      "effective_date_qualifier": "immediate"
    },
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      },
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      "via_org": {
        "kbo": null,
        "name": "Advocatenkantoor OP DE BEECK BV",
        "address": "Riemstraat 4/5, 2000 Antwerpen",
        "country": "BE",
        "legal_form": "BV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": "2024-03-21",
      "evidence_quote": "De algemene vergadering beslist als nieuwe bestuurder te benoemen Advocatenkantoor OP DE BEECK BV, Riemstraat 4/5, 2000 Antwerpen met als vaste vertegenwoordiger Els Op de Beeck. Deze benoeming gaat in met terugwerkende kracht vanaf 21/03/2024.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": "2031"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "retroactive"
    },
    {
      "kind": "decharge_granted",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "HECTORS KRISTOF BV",
        "address": null,
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      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De algemene vergaderging heeft kennis genomen en bevestigd het ontslag van HECTORS KRISTOF BV met als vaste vertegenwoordiger Kristof Hectors en dit met ingang vanaf 21/03/2024.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "delegation_dagelijks_bestuur_in",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
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      },
      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": "0832.260.889",
        "name": "DNF Belgium",
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        "country": "BE",
        "legal_form": null
      },
      "statutory": null,
      "compensated": null,
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      "evidence_quote": "Het bestuursorgaan geeft bijzondere volmacht aan DNF Belgium, met maatschappelijke zetel te Indi\u00EBstraat 28 - 2000 Antwerpen, ingeschreven in het rechtspersonenregister te Antwerpen onder het ondernemingsnummer BE 0832.260.889, vertegenwoordigd door de heer Ludovic Mertens, Alexander Verleysen en Jor",
      "decharge_status": null,
      "mandate_duration": {
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    {
      "kind": "delegation_dagelijks_bestuur_in",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Alexander Verleysen",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": "0832.260.889",
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        "country": "BE",
        "legal_form": null
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Het bestuursorgaan geeft bijzondere volmacht aan DNF Belgium, met maatschappelijke zetel te Indi\u00EBstraat 28 - 2000 Antwerpen, ingeschreven in het rechtspersonenregister te Antwerpen onder het ondernemingsnummer BE 0832.260.889, vertegenwoordigd door de heer Ludovic Mertens, Alexander Verleysen en Jor",
      "decharge_status": null,
      "mandate_duration": {
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      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
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    },
    {
      "kind": "delegation_dagelijks_bestuur_in",
      "role": "gedelegeerd_bestuurder",
      "person": {
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      },
      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": "0832.260.889",
        "name": "DNF Belgium",
        "address": "Indi\u00EBstraat 28 - 2000 Antwerpen",
        "country": "BE",
        "legal_form": null
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Het bestuursorgaan geeft bijzondere volmacht aan DNF Belgium, met maatschappelijke zetel te Indi\u00EBstraat 28 - 2000 Antwerpen, ingeschreven in het rechtspersonenregister te Antwerpen onder het ondernemingsnummer BE 0832.260.889, vertegenwoordigd door de heer Ludovic Mertens, Alexander Verleysen en Jor",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2024-10-03",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2024-03-25",
      "unanimous": true
    },
    {
      "body": "algemene_vergadering",
      "date": "2024-05-27",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0758.475.167",
    "name_full": "Spi 127",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Joris Durinck",
    "org_rep_person_name": null,
    "person_role_at_subject": "Gevolmachtigde"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
2023
14-02-2023 Registered office moved within Antwerpen Registered-office change
  • De Burburestraat 6-8, bus 5, 2000 Antwerpen, België → Mechelsesteenweg 127A b1, 2018 Antwerpen, België
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Mechelsesteenweg 127A b1, 2018 Antwerpen, Belgi\u00EB",
        "city": "Antwerpen",
        "region": "vlaams_gewest",
        "street": "Mechelsesteenweg",
        "country": "BE",
        "postcode": "2018",
        "box_number": "b1",
        "street_number": "127A",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "De Burburestraat 6-8, bus 5, 2000 Antwerpen, Belgi\u00EB",
        "city": "Antwerpen",
        "region": "vlaams_gewest",
        "street": "De Burburestraat",
        "country": "BE",
        "postcode": "2000",
        "box_number": "5",
        "street_number": "6-8",
        "locality_suffix": null
      },
      "effective_date": "2023-02-27",
      "evidence_quote": "1. WIJZIGING VAN DE ZETEL NAAR MECHELSESTEENWEG 127A B1, 2018 ANTWERPEN, BELGI\u00CB",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": 2,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-02-14",
    "filing_date": "2023-01-31",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "enig_aandeelhouder_schriftelijk",
    "date": "2023-01-31",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0758.475.167",
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    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Gwen Bevers",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": [
    "Bijlagen bij het Belgisch Staatsblad",
    "Annexes du Moniteur belge"
  ]
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Diensten in verband met vervoer te land52210Diensten in verband met vervoer te land52210
Primary activity highlighted.
Names & trade names
Legal nameNL SPI127
Registered office
Mechelsesteenweg 127A bus 1
2018 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative