SPIC & SPAN
ActiveFrom the official registers: KBO 13 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
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 has been stable since 2019 (±1.8% per year). Its solvency ranks better than 84% of 4,785 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 13-02-2012 Normal situation
- Activity
- Cafés and bars NACE 56301
- Establishment unit
- 2.211.289.501 2000 Antwerpen, since 13-02-2012
- Financial year end
- 30 June
- Peppol
- Reachable since 24-11-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €530,430
- ▼ 14.6%
- Turnover
- ≈ €1.3m
- estimated
- Profit
- €63,389
- ▼ 14.6%
- Equity
- €624,800
- ▲ 11.3%
- Total assets
- €909,704
- ▼ 5.8%
- Staff
- 11.7 FTE
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)lowers riskLiquidity: current ratio 2.90, cash €138,906Equity €624,800 (68.7% of total assets)Founded in 2012Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 56, small). It does better than 90% of them on solvency, 65% on liquidity, 64% on profitability and 63% on growth.
The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 103 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 2 days after the deadline 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.
Annual accounts 2025 filed on 02-02-2026 PDF all 13 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 19% lower than in 2024. It is the second fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
- 2022 Net result -2,347%, Staff (FTE) +64% on 2021. The accounts now follow the micro format, last year the abbreviated format.
Comparable companies
These companies have the same main activity as SPIC & SPAN: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €663,000 and €1.3m, founded between 2010 and 2015.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| SPIC & SPAN Antwerpen | 2012 | €0.9m | €0.6m | €0.5m | €0.06m | 11.7 | 2025 |
| Bijou balls & booze Antwerpen | 2014 | €0.7m | €0.3m | €0.8m | €0.05m | 11.4 | 2025 |
| Segundo Putte | 2010 | €0.9m | €0.4m | €1.0m | €0.3m | 13.2 | 2025 |
| STERREBOS Roeselare | 2010 | €1.2m | €0.5m | €0.6m | -€0.001m | 12.6 | 2025 |
| DE NIEUWE BLAUWE TOREN Zuienkerke | 2011 | €1.2m | €0.8m | €0.6m | €0.1m | 10 | 2025 |
| CHICO EVENT Ath | 2012 | €1.3m | €0.03m | €0.6m | €0.01m | 11.3 | 2024 |
| Nanel Lokeren | 2015 | €1.0m | €0.4m | €0.7m | €0.07m | 13.4 | 2026 |
They were chosen from the 5,015 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 17,811 companies had the same profile as SPIC & SPAN has now. Two years later, 0.3% had gone bankrupt and 96.5% were still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of SPIC & SPAN itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for SPIC & SPAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Subsidies and aid
Flemish government
2022 · 1 entry · €270 awarded · €270 paid| 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% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 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 |
Board & ownership
Directors
Board 1
Permanent representatives 1
Owners and capital
Capital transactions
- 29-01-2024 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BILLIV |
|
| LIV-IT |
|
| FLASSEKLITS |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “College van bestuurders wordt voorgezeten door de statutair bestuurder,en bij gebreke door een door de vergadering aangewezen bestuurder…”
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Elk aandeel heeft één stem (enkelvoudig stemrecht), Elk aandeel heeft een gelijk recht in de winstverdeling”
Articles of association, deed of 29-01-2024 (in Dutch)
Network & group
Connections & network
5 connected companiesShow 1 more companies with a shared director
Timeline
Acts, filings and financial milestones
13-11
Gazette deed
Resignation: LIV-IT BV (director)Permanent representative: Björn Meeuwsse · Appointment: BILLIV BV (director)4 points ▸
- General meeting, 01-04-2025
- Director resignation, LIV-IT BV (director)
- Permanent representative, Björn Meeuwsse, mentioned 2 times in the deed
- Director appointment, BILLIV BV (director)
29-01
Gazette deed
Reappointment: LIV-IT BV (director)Permanent representative: Meeuwsse Björn · Legal-form conversion · Capital conversion11 points ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital
- Reserve release, “volledig, opheffing” (deed in Dutch)
- Amendment of the articles, “kapitaal” (deed in Dutch)
- Board rule, 1, “vergadering en/of bestuursorgaan” (deed in Dutch)
- Director reappointment, LIV-IT BV (director)
- Permanent representative, Meeuwsse Björn
- Amendment of the articles, mentioned 2 times in the deed
- Other provision, “voorwerp van de vennootschap, omschrijving van het maatschappelijk voorwerp (activiteiten) behouden” (deed in Dutch)
12-05
Gazette deed
Resignation: FLASSEKLITS BV (director)Permanent representatives: Janssens Robin and Meeuwsse Bjöm5 points ▸
- General meeting, 05-04-2023
- Director resignation, FLASSEKLITS BV (director)
- Permanent representative, Janssens Robin
- Other provision, “vennootschapsdossier, neerlegging vereniging alle aandelen in één hand en identiteit enige aandeelhouder” (deed in Dutch)
- Permanent representative, Meeuwsse Bjöm
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20256 activities
- Uitbaten van en de levering van diensten die behoren tot een drankgelegenheid,café,taverne,brasserie,restaurant,horecazeak,frituur of traiteurdienst;
- Aan- en verkoop van warme en koude dranken,bereiden van maaltijden;
- Organiseren van feesten:
- In het algemeen de handel in het groot en het klein,in binnen- en buitenland in alle goederen die rechtstreeks of onrechtstreeks verbonden zijn aan de in het voorwerp van de vennootschap opgenomen activiteiten;
- Het leveren van alle diensten die rechtstreeks of onrechtstreeks verbonden zijn aan de in het voorwerp van de vennootschap opgenomen activiteiten;
- Dit alles voor eigen rekening als voor rekening van derden,bij wijze van deelneming of in het algemeen onder welke samenwerkingsvorm ook.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11002A0018/00H000 | Flanders | 786 m² | 1 · 768 m² | 18.4 m · 5 |