SPI127
ActiveSummary
SPI127 has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€39,311) and a net result of -€26,365. Equity is shrinking by about 64% per year across the filed financial years. Its solvency ranks better than 10% of 886 sector peers (NACE 52, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
- Equity
- -€39,311
- Loss
- -€26,365
- Holdings
- 1
- Advocatenkantoor OP DE BEECK BVDirector · permanent representative Els Op de Beeck
Why 54raises riskCapped at 59: negative equitySector: Warehousing and support activities for transportation (NACE 52)Negative equity -€39,311Founded in 2020lowers riskSize: total assets €2.7mShow the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 52, small): better than 10% on solvency, 66% on liquidity, 14% on profitability and 2% on growth.
The bankruptcy probability was computed on 26-10-2026 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
This company filed its last 5 accounts on average 37 days before the deadline; the sector median (NACE 52) for financial year 2024 is 8 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Resignation: HECTORS KRISTOF BV (director)Permanent representatives: Kristof Hectors and…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years
The operating result turns negative in 2025: a loss of €242 after €4,476 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 52, Warehousing and support activities for transportation: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,490 | €135 | €3,579 | €4,557 | €4,557 | = |
| Other operating charges640/8 | - | €102 | €194 | €1,196 | €1,055 | ▼ 11.8% |
| Gross operating margin9900 | -€1,556 | -€1,962 | -€18,786 | €10,229 | €5,370 | ▼ 47.5% |
| Operating profit (loss)9901 | -€3,147 | -€2,200 | -€22,559 | €4,476 | -€242 | - |
| Financial income75/76B | - | €5,895 | €17,317 | €20,118 | €0 | ▼ 100.0% |
| Recurring financial income75 | €3,012 | €5,895 | €17,317 | €20,118 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €11,392 | €22,643 | €43,080 | €26,123 | ▼ 39.4% |
| Recurring financial charges65 | €8,744 | €11,392 | €22,643 | €43,080 | €26,123 | ▼ 39.4% |
| Profit (loss) for the period before taxes9903 | -€8,879 | -€7,697 | -€27,885 | -€18,485 | -€26,365 | ▼ 42.6% |
| Profit (loss) for the period9904 | -€8,879 | -€7,697 | -€27,885 | -€18,485 | -€26,365 | ▼ 42.6% |
| Profit (loss) for the period to be appropriated9905 | -€8,879 | -€7,697 | -€27,885 | -€18,485 | -€26,365 | ▼ 42.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.4m | €2.0m | €2.7m | €2.7m | = |
| Formation expenses20 | €135 | - | - | - | - | - |
| Fixed assets21/28 | €0.7m | €0.7m | €0.7m | €2.7m | €2.6m | ▼ 0.2% |
| Tangible fixed assets22/27 | - | - | €0.04m | €0.04m | €0.03m | ▼ 12.2% |
| Plant, machinery and equipment23 | - | - | €0.04m | €0.04m | €0.03m | ▼ 12.2% |
| Financial fixed assets28 | €0.7m | €0.7m | €0.7m | €2.6m | €2.6m | = |
| Current assets29/58 | €0.3m | €0.7m | €1.3m | €0.06m | €0.07m | ▲ 9.0% |
| Amounts receivable after more than one year29 | - | €0.6m | €1.2m | €0 | - | - |
| Other amounts receivable291 | - | €0.6m | €1.2m | €0 | - | - |
| Amounts receivable within one year40/41 | €157 | €104 | €0.003m | €0.02m | €0.03m | ▲ 48.1% |
| Trade receivables40 | - | - | €0.003m | €0.02m | €0.03m | ▲ 48.1% |
| Other amounts receivable41 | - | €104 | - | - | - | - |
| Cash at bank and in hand54/58 | €0.05m | €0.04m | €0.01m | €0.04m | €0.03m | ▼ 13.7% |
| Deferred charges and accrued income490/1 | - | €0.009m | €0.03m | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.4m | €2.0m | €2.7m | €2.7m | = |
| Equity10/15 | €0.04m | €0.03m | €0.006m | -€0.01m | -€0.04m | ▼ 204% |
| Contributions10/11 | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | -€0.009m | -€0.02m | -€0.04m | -€0.06m | -€0.09m | ▼ 41.9% |
| Amounts payable17/49 | €1.0m | €1.3m | €2.0m | €2.7m | €2.8m | ▲ 1.0% |
| Amounts payable after more than one year17 | €1.0m | €1.3m | €1.9m | €2.6m | €2.6m | = |
| Financial debts170/4 | - | €1.3m | €1.9m | €2.6m | €2.6m | = |
| Other amounts payable178/9 | - | - | - | €462 | €362 | ▼ 21.6% |
| Amounts payable within one year42/48 | €327 | €93 | €0.03m | €0.07m | €0.08m | ▲ 5.7% |
| Trade debts44 | €327 | €93 | €0.03m | €0.07m | €0.07m | ▲ 7.6% |
| Suppliers440/4 | - | €93 | €0.03m | €0.07m | €0.07m | ▲ 7.6% |
| Taxes, remuneration and social security45 | - | - | €0.001m | €0.002m | €0.001m | ▼ 55.2% |
| Taxes450/3 | - | - | €0.001m | €0.002m | €0.001m | ▼ 55.2% |
| Other amounts payable47/48 | - | - | €0.002m | €0.002m | €0.002m | = |
| Accrued charges and deferred income492/3 | - | €0.02m | €0.04m | €0.09m | €0.1m | ▲ 26.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.009m | -€0.008m | -€0.03m | -€0.02m | -€0.03m | ▼ 42.6% |
| + Depreciation and write-downs630 | €0.001m | €135 | €0.004m | €0.005m | €0.005m | = |
| Operating cash flow (approximation) | -€0.007m | -€0.008m | -€0.02m | -€0.01m | -€0.02m | ▼ 56.6% |
| Investment in fixed assets (approximation) | - | -€135 | -€0.05m | -€1.9m | €0 | - |
| Change in cash | - | -€0.003m | -€0.03m | €0.03m | -€0.005m | - |
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 (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | abbreviated format | 29-04-2026 | 2026-00093370 |
| 30-09-2024 | abbreviated format | 29-01-2025 | 2025-00013289 |
| 30-09-2023 | abbreviated format | 17-04-2024 | 2024-00064028 |
| 30-09-2022 | abbreviated format | 09-03-2023 | 2023-00037385 |
| 30-09-2021 | abbreviated format | 31-03-2022 | 2022-09300206 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Advocatenkantoor OP DE BEECK BV |
|
| HECTORS KRISTOF BV |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
100%
According to the annual accounts to 30-09-2025 of SPI127 and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
17-10
Gazette deed
Resignation: HECTORS KRISTOF BV (director)Permanent representatives: Kristof Hectors and Els Op de Beeck · Appointment: Advocatenkantoor OP DE BEECK BV (director)6 facts ▸
- General meeting, 25-03-2024
- Director resignation, HECTORS KRISTOF BV (director)
- Permanent representative, Kristof Hectors
- Director appointment, Advocatenkantoor OP DE BEECK BV (director)
- Permanent representative, Els Op de Beeck
- Board meeting, 27-05-2024
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 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
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11806F1416/00L000 | Flanders | 1,492 m² | 1 · 815 m² | 27.8 m · 6 |
| 11811L3674/00F002 | Flanders | 952 m² | 1 · 769 m² | 25.5 m · 6 |