Spiaggia
ActiveSpiaggia has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61k and a net result of €58k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 14% of 31616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▲+50
Solvency32▼-1
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.23 in 2024; short-term debt: 13.9% and cash: 0.9% of total assets), and 93.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
6.6%
Return on assets
6.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 31616 sector peers (2025).
NBB · sector comparisonPosition among 31616 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
28 d late
2024
41 d late
2023
21 d early
2022
23 d late
2021
6 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€61k▼ 17.2%
2024 · €74k
2021: €11k
2022: €69k
2023: €199k
2024: €74k
2021 → 2025
Total assets
€927k▼ 5.3%
2024 · €979k
2021: €16k
2022: €113k
2023: €307k
2024: €979k
2021 → 2025
Net result
€58k
2024 · €-43k
2021: €8k
2022: €58k
2023: €130k
2024: €-43k
2021 → 2025
Working capital
€15k▼ 54.0%
2024 · €32k
2021: €11k
2022: €62k
2023: €191k
2024: €32k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€69k▲ 532%€199k▲ 187%€74k▼ 62.9%€61k▼ 17.2%
Operating result€10k-€77k▲ 649%€171k▲ 122%€-40k€104k
Net result€8k-€58k▲ 633%€130k▲ 123%€-43k€58k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €104k after a loss of €40k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €927k
Fixed assets
€784k▼ 2.8%
Current assets
€144k▼ 17.0%
Equity and liabilities €927k
Equity
€61k▼ 17.2%
Debt
€866k▼ 4.4%
The debt ratio rises from 92.5% to 93.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€132k▲
2024 · €-13k
Cash flow
€87k▲
2024 · €-16k
Solvency
6.6%▼
2024 · 7.5%
Current ratio
1.12▼
2024 · 1.23
Quick ratio
1.12▼
2024 · 1.23
Debt / equity
14.16▲
2024 · 12.26
ROE
95.1%▲
2024 · -58.0%
ROA
6.3%▲
2024 · -4.4%
Interest coverage
4.35▲
2024 · -1.57
Debt
€866k▼
2024 · €906k
Debt ≤ 1 year
€129k▼
2024 · €141k
Debt > 1 year
€736k▼
2024 · €765k
Income taxes
€15k▲
2024 · €236
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€979k€927k▼
Fixed assets21/28€806k€784k▼
Tangible fixed assets22/27€806k€784k▼
Land and buildings22€769k€750k▼
Furniture and vehicles24€33k€29k▼
Other tangible fixed assets26€4k€5k▲
Current assets29/58€173k€144k▼
Amounts receivable after more than one year29€60k€0▼
Other amounts receivable291€60k€0▼
Amounts receivable within one year40/41€86k€133k▲
Trade receivables40€10k€127k▲
Other amounts receivable41€76k€6k▼
Cash at bank and in hand54/58€21k€8k▼
Deferred charges and accrued income490/1€6k€2k▼
Equity and liabilities
Total equity and liabilities10/49€979k€927k▼
Equity10/15€74k€61k▼
Contributions10/11€3k€3k=
Reserves13€71k€58k▼
Distributable reserves133€71k€58k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€906k€866k▼
Amounts payable after more than one year17€765k€736k▼
Financial debts170/4€765k€736k▼
Amounts payable within one year42/48€141k€129k▼
Current portion of amounts payable after more than one year42€28k€29k▲
Financial debts43€2k€6k▲
Credit institutions430/8-€5k
Other loans439€2k€1k▼
Trade debts44€24k€17k▼
Suppliers440/4€24k€17k▼
Taxes, remuneration and social security45€4k€26k▲
Taxes450/3€4k€26k▲
Other amounts payable47/48€82k€51k▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€29k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-11k€134k▲
Operating profit (loss)9901€-40k€104k▲
Financial income75/76B€5k€210▼
Recurring financial income75€5k€210▼
Financial charges65/66B€8k€30k▲
Recurring financial charges65€8k€30k▲
Profit (loss) for the period before taxes9903€-43k€73k▲
Income taxes67/77€236€15k▲
Profit (loss) for the period9904€-43k€58k▲
Profit (loss) for the period to be appropriated9905€-43k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-43k€58k▲
Transfer from equity791/2€125k€71k▼
Transfer to equity691/2€0€58k▲
To other reserves6921€0€58k▲
Profit to be distributed694/7€82k€71k▼
Return on contributions (dividend)694€82k€71k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €58k
Net result €58k after one loss-making year.
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
31-12
Financial
Weakest financial yearnet €-43k ▼133%
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €130k ▲123%
Operating result €171k, net result €130k, both a record.
31-12
Financial
Equity above €150kEq €199k ▲187%
3 profitable years in a row build equity to €199k.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 2021
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.
Ooststraat 98301 Knokke-HeistGround area
742 m²
Building footprint
231 m²
Volume, LiDAR
2,014 m³
Parcel 31337C0554/00A000, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Spiaggia
since 20212.322.871.272
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31337C0554/00A000 | Flanders | 742 m² | 1 · 231 m² | 12.6 m · 3 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.
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Of 5,696 companies in sector 70100 we hold annual accounts for 3,489. 2,118 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-10-2021
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.