SPIC & SPAN
ActiveSummary
SPIC & SPAN has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €624,800 and a net result of €63,389. Equity remains stable across the filed financial years (±1.8% per year). Its solvency ranks better than 84% of 4,743 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (2 days) Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00027132.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen two years in a row; 2025 is 19% below 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.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: 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), Staff (FTE).
- 2022 Net result -2,347%, Staff (FTE) +64% on 2021. The accounts now follow the micro format, last year the abbreviated format.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96.5% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,473 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% | 1.0% |
| 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 17,811 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €235,997 | €551,030 | €653,833 | €482,069 | €421,022 | ▼ 12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €89,803 | €58,286 | €38,337 | €53,921 | €42,381 | €57,359 | €41,189 | ▼ 28.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | -€52,837 | €0 | - |
| Other operating charges640/8 | - | - | €226 | €6,009 | €16,787 | €56,259 | €4,842 | ▼ 91.4% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €92 | - |
| Gross operating margin9900 | €886,113 | €682,323 | €275,585 | €424,679 | €824,471 | €620,840 | €530,430 | ▼ 14.6% |
| Operating profit (loss)9901 | €69,046 | €91,158 | €1,025 | -€186,281 | €111,470 | €77,989 | €63,285 | ▼ 18.9% |
| Financial income75/76B | - | - | - | €10,666 | €11,370 | €10,253 | €11,394 | ▲ 11.1% |
| Recurring financial income75 | €16,408 | €0 | - | €10,666 | €11,370 | €10,253 | €11,394 | ▲ 11.1% |
| Financial charges65/66B | - | - | €8,475 | €15,440 | €11,431 | €13,520 | €11,290 | ▼ 16.5% |
| Recurring financial charges65 | €14,312 | €5,900 | €8,475 | €15,440 | €11,431 | €13,520 | €11,290 | ▼ 16.5% |
| Profit (loss) for the period before taxes9903 | €71,143 | €85,258 | -€7,450 | -€191,055 | €111,409 | €74,723 | €63,389 | ▼ 15.2% |
| Income taxes67/77 | €21,638 | €28,110 | €367 | €236 | €587 | €471 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €49,505 | €57,148 | -€7,817 | -€191,290 | €110,821 | €74,251 | €63,389 | ▼ 14.6% |
| Transfer from tax-exempt reserves789 | - | - | - | €248 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €49,505 | €57,148 | -€7,817 | -€191,042 | €110,821 | €74,251 | €63,389 | ▼ 14.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.9m | €1.1m | €0.7m | €0.8m | €1.1m | €1.0m | €0.9m | ▼ 5.8% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 55.0% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 55.0% |
| Plant, machinery and equipment23 | - | - | €0.1m | €0.1m | €0.1m | €0.08m | €0.06m | ▼ 30.2% |
| Furniture and vehicles24 | - | - | €0.003m | €0 | - | €0.1m | €0.02m | ▼ 80.9% |
| Other tangible fixed assets26 | - | - | - | €0.03m | €0.04m | €0.03m | €0.02m | ▼ 36.7% |
| Financial fixed assets28 | €0.001m | - | - | - | - | - | - | - |
| Current assets29/58 | €0.7m | €0.9m | €0.6m | €0.6m | €1.0m | €0.8m | €0.8m | ▲ 8.1% |
| Stocks and contracts in progress3 | €0.006m | €0.008m | €0.008m | €0.02m | €0.03m | €0.04m | €0.04m | = |
| Stocks30/36 | - | - | €0.008m | €0.02m | €0.03m | €0.04m | €0.04m | = |
| Amounts receivable within one year40/41 | €0.5m | €0.7m | €0.4m | €0.3m | €0.6m | €0.6m | €0.6m | ▲ 14.3% |
| Trade receivables40 | - | - | €0.2m | €0.03m | €0.3m | €0.08m | €0.1m | ▲ 75.7% |
| Other amounts receivable41 | - | - | €0.2m | €0.3m | €0.2m | €0.5m | €0.5m | ▲ 3.4% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.1m | €0.1m | ▼ 6.4% |
| Deferred charges and accrued income490/1 | - | - | €0.02m | €0.005m | €0.004m | €0.009m | €405 | ▼ 95.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.9m | €1.1m | €0.7m | €0.8m | €1.1m | €1.0m | €0.9m | ▼ 5.8% |
| Equity10/15 | €0.5m | €0.6m | €0.6m | €0.4m | €0.5m | €0.6m | €0.6m | ▲ 11.3% |
| Contributions10/11 | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.5m | €0.6m | €0.6m | €0.4m | €0.5m | €0.5m | €0.6m | ▲ 11.7% |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0 | ▼ 100% |
| Tax-exempt reserves132 | - | - | €248 | €0 | - | - | - | - |
| Distributable reserves133 | - | - | €0.6m | €0.4m | €0.5m | €0.5m | €0.6m | ▲ 12.1% |
| Profit (loss) carried forward14 | - | - | -€0.008m | €0 | - | - | - | - |
| Amounts payable17/49 | €0.4m | €0.5m | €0.2m | €0.4m | €0.6m | €0.4m | €0.3m | ▼ 29.6% |
| Amounts payable after more than one year17 | €0.04m | €0.04m | €0.009m | €0.03m | €0.02m | €0.04m | €0.005m | ▼ 86.7% |
| Financial debts170/4 | - | - | €0.009m | €0.03m | €0.02m | €0.04m | €0.005m | ▼ 86.7% |
| Amounts payable within one year42/48 | €0.3m | €0.5m | €0.2m | €0.4m | €0.6m | €0.4m | €0.3m | ▼ 24.0% |
| Current portion of amounts payable after more than one year42 | - | - | €0.008m | €0.06m | €0.06m | €0.08m | €0.06m | ▼ 23.8% |
| Trade debts44 | €0.1m | €0.07m | €0.05m | €0.1m | €0.3m | €0.2m | €0.1m | ▼ 22.9% |
| Suppliers440/4 | - | - | €0.05m | €0.1m | €0.3m | €0.2m | €0.1m | ▼ 22.9% |
| Taxes, remuneration and social security45 | - | - | €0.1m | €0.2m | €0.2m | €0.1m | €0.08m | ▼ 26.2% |
| Taxes450/3 | - | - | €0.02m | €0.1m | €0.1m | €0.05m | €0.03m | ▼ 51.3% |
| Remuneration and social security454/9 | - | - | €0.09m | €0.08m | €0.07m | €0.05m | €0.05m | ▼ 0.2% |
| Other amounts payable47/48 | - | - | €0.007m | €0.02m | €0.02m | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,505 | €57,148 | -€7,817 | -€191,290 | €110,821 | €74,251 | €63,389 | ▼ 14.6% |
| + Depreciation and write-downs630 | €89,803 | €58,286 | €38,337 | €53,921 | €42,381 | €57,359 | €41,189 | ▼ 28.2% |
| Operating cash flow (approximation) | €139,308 | €115,435 | €30,520 | -€137,369 | €153,202 | €131,610 | €104,578 | ▼ 20.5% |
| Investment in fixed assets (approximation) | - | -€44,063 | €4,790 | -€59,798 | -€34,052 | -€133,057 | €76,461 | - |
| Change in cash | - | -€15,140 | -€26,821 | €107,956 | €56,304 | -€186,885 | -€9,536 | ▲ 94.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 02-02-2026 | 2026-00027132 |
| 30-06-2024 | micro format | 04-02-2025 | 2025-00026554 |
| 30-06-2023 | micro format | 29-01-2024 | 2024-00009323 |
| 30-06-2022 | micro format | 13-10-2023 | 2023-00484892 |
| 30-06-2021 | abbreviated format | 25-11-2022 | 2022-20525302 |
| 30-06-2020 | abbreviated format | 30-06-2021 | 2021-28400019 |
| 30-06-2019 | abbreviated format | 13-02-2020 | 2020-05000212 |
| 30-06-2018 | abbreviated format | 30-01-2019 | 2019-03700073 |
| 30-06-2017 | abbreviated format | 26-03-2018 | 2018-07800430 |
| 30-06-2016 | abbreviated format | 31-01-2017 | 2017-03500069 |
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