SPICAR
ActiveSummary
SPICAR has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €19k. Its solvency ranks better than 49% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes
Profitability100
Solvency80
Growth-
Track record67
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.21; short-term debt: 45.2% and cash: 49.9% of total assets), and 45.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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
54.6%
Return on assets
56.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Equity
€19k
Total assets
€34k
Net result
€19k
Working capital
€19k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Equity and liabilities €34k
Equity
€19k
Debt
€16k
Debt finances 45.4% of the balance-sheet total.
Key figures and ratios
Current ratio
2.21
Debt to equity
0.83
ROE
103.6%
ROA
56.5%
Debt ≤ 1 year
€16k
Income taxes
€6k
Filed annual accounts As filed with the NBB · 2025 · 36 lines
Balance sheet
Code2025
Assets
Total assets20/58€34k
Current assets29/58€34k
Amounts receivable within one year40/41€17k
Trade receivables40€15k
Other amounts receivable41€3k
Cash at bank and in hand54/58€17k
Equity and liabilities
Total equity and liabilities10/49€34k
Equity10/15€19k
Contributions10/11€1k
Reserves13€18k
Distributable reserves133€18k
Profit (loss) carried forward14€0
Amounts payable17/49€16k
Amounts payable within one year42/48€16k
Trade debts44€1k
Suppliers440/4€1k
Taxes, remuneration and social security45€13k
Taxes450/3€13k
Other amounts payable47/48€2k
Accrued charges and deferred income492/3€65
Income statement
Code2025
Other operating charges640/8€190
Gross operating margin9900€26k
Operating profit (loss)9901€26k
Financial income75/76B€5
Recurring financial income75€5
Financial charges65/66B€1k
Recurring financial charges65€1k
Profit (loss) for the period before taxes9903€25k
Income taxes67/77€6k
Profit (loss) for the period9904€19k
Profit (loss) for the period to be appropriated9905€19k
Appropriation of the result
Profit (loss) to be appropriated9906€19k
Transfer to equity691/2€18k
To the legal reserve6920€18k
Profit to be distributed694/7€2k
Return on contributions (dividend)694€2k
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2025 |
|---|---|
| Other operating charges640/8 | €190 |
| Gross operating margin9900 | €26k |
| Operating profit (loss)9901 | €26k |
| Financial income75/76B | €5 |
| Recurring financial income75 | €5 |
| Financial charges65/66B | €1k |
| Recurring financial charges65 | €1k |
| Profit (loss) for the period before taxes9903 | €25k |
| Income taxes67/77 | €6k |
| Profit (loss) for the period9904 | €19k |
| Profit (loss) for the period to be appropriated9905 | €19k |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €34k | |
| Current assets29/58 | €34k | |
| Amounts receivable within one year40/41 | €17k | |
| Trade receivables40 | €15k | |
| Other amounts receivable41 | €3k | |
| Cash at bank and in hand54/58 | €17k | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €34k | |
| Equity10/15 | €19k | |
| Contributions10/11 | €1k | |
| Reserves13 | €18k | |
| Distributable reserves133 | €18k | |
| Profit (loss) carried forward14 | €0 | |
| Amounts payable17/49 | €16k | |
| Amounts payable within one year42/48 | €16k | |
| Trade debts44 | €1k | |
| Suppliers440/4 | €1k | |
| Taxes, remuneration and social security45 | €13k | |
| Taxes450/3 | €13k | |
| Other amounts payable47/48 | €2k | |
| Accrued charges and deferred income492/3 | €65 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €19k |
| Operating cash flow (approximation) | €19k |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Menen · 1 establishment unit since 2025
Ground area
2,795 m²
Building footprint
113 m²
Volume, LiDAR
780 m³
Parcel 34027F0462/00L004, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SPICAR
since 20252.370.614.177
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34027F0462/00L004 | Flanders | 2,795 m² | 1 · 113 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 5,699 companies in sector 70100 we hold annual accounts for 3,495. 1,545 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-02-2025
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.