Checked.be
Active
BE 0770.639.363Private limited company
SPICK & SPAN
Frédéric Pelletierstraat 4 ·1030 Schaarbeek, Belgium· 5 yrs active
Sector: General construction of residential buildings
(41001)
Conclusion
The computed 12-month bankruptcy probability of SPICK & SPAN is 7.0% (elevated). The 2023 annual accounts show equity of €11k and a net result of €-1k. Its solvency ranks better than 21% of 3163 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Key figures
| Equity | €11k |
| Net result | €-1k |
| Staff (FTE) | 5.5 |
| Better than sector | 21% |
Financial profile
37
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
37
Profitability
0
Solvency
22
Growth
32
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
37
/ 100
Weak
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€500
estimate, not credit advice
Score history
60
2022
37
2023
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.12 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.12 (≥ 1.0)
+5
Leverage
Debt/equity 7.69 (> 3.0)
-10
Profitability
Negatieve ROE -11%
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Financial overview
Annual accounts filed on 24-09-2024 with the NBB · fiscal year 2023 · micro schema
Sector comparison
Fiscal year 2023 · NACE 41, Construction of residential and non-residential buildings · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 11.5% | 37.5% | |
| Net result | €-1k | €9k | |
| Equity | €11k | €25k | |
| Gross operating margin | €243k | €27k | |
| Staff costs | €242k | €20k |
€-1k
-
22-23
€100k
-3.0%
22-23
€11k
-9.7%
22-23
€11k
-10.1%
22-23
6
-5.2%
22-23
€242k
-4.1%
22-23
€129
-95.0%
22-23
€88k
-2.1%
22-23
€88k
-2.1%
22-23
1.12
-1.0%
22-23
1.12
-1.0%
22-23
11.5%
-6.9%
22-23
7.69
+8.4%
22-23
-10.8%
-
22-23
-1.2%
-
22-23
Figures by fiscal year and ratios
| Fiscal year | 2023 | 2022 |
|---|---|---|
| Deposit | micro schema | micro schema |
| Revenue | - | - |
| EBITDA | - | - |
| Net profit | €-1k | €10k |
| Cash flow | - | - |
| Staff costs | €242k | €252k |
| Income taxes | €129 | €3k |
| Dividends | - | - |
| Total assets | €100k | €103k |
| Equity | €11k | €13k |
| Debt | €88k | €90k |
| of which ≤ 1y | €88k | €90k |
| of which > 1y | - | - |
| Working capital | €11k | €12k |
| Employees (FTE) | 5.5 | 5.8 |
Ratios (computed)
| 2023 | 2022 | |
|---|---|---|
| Current ratio | 1.12 | 1.14 |
| Quick ratio | 1.12 | 1.14 |
| Working capital ratio | 11.1% | 11.9% |
| Solvency | 11.5% | 12.4% |
| Debt / equity | 7.69 | 7.09 |
| Long-term debt ratio | - | - |
| Interest coverage | - | - |
| Gross margin | - | - |
| Net margin | - | - |
| ROA | -1.2% | 9.4% |
| ROE | -10.8% | 76.4% |
| EBITDA margin | - | - |
| Days sales outstanding | - | - |
| Days payable outstanding | - | - |
| Inventory turnover | - | - |
| Days inventory (DSI) | - | - |
Balance-sheet composition 2023
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 | 2022 |
|---|---|---|---|
| Balance sheet, Assets | |||
| TOTAL ASSETS | 20/58 | €100k | €103k |
| Fixed assets | 21/28 | €450 | €450 |
| Financial fixed assets | 28 | €450 | €450 |
| Current assets | 29/58 | €99k | €103k |
| Amounts receivable within one year | 40/41 | €94k | €76k |
| Cash & bank | 54/58 | €6k | €27k |
| Balance sheet, Equity & liabilities | |||
| TOTAL EQUITY & LIABILITIES | 10/49 | €100k | €103k |
| Equity | 10/15 | €11k | €13k |
| Contributions / capital | 10/11 | €3k | €3k |
| Accumulated profits (losses) | 14 | €8k | €10k |
| Amounts payable | 17/49 | €88k | €90k |
| Amounts payable within one year | 42/48 | €88k | €90k |
| Trade debts payable within one year | 44 | €22k | €46k |
| Income statement | |||
| Gross operating margin | 9900 | €243k | €266k |
| Operating result | 9901 | €-642 | €13k |
| Financial charges | 65 | €466 | €264 |
| Result before taxes | 9903 | €-1k | €12k |
| Income taxes | 67/77 | €129 | €3k |
| Net result for the period | 9904 | €-1k | €10k |
| Result to be appropriated | 9905 | €-1k | €10k |
Legal Structure
| NACE primary | General construction of residential buildings(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 02-07-2021 |
| Status | Active |
| Postal code | 1030 |
Establishment units
SPICK & SPAN
since 20212.321.822.880
Real-estate footprint
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21911C0144/00B006 | Brussels | 81 m² | 1 · 72 m² | 18.4 m · 6 fl. |
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.
Updates
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
21-02
State Gazette act
Capital & shares
State Gazette actNBB filing
Belgian State Gazette reading coverage
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Capital history · 1
21-02-2023
Capital change
All acts · 1
updated 3 years ago
2023
21-02-2023 Transaction in capital or shares
Technical details
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"subscribers": [
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"liberation_pct": null,
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"share_emission": {
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"merger_exchange_ratio": null,
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"statutory_unavailable_equity_op": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Bruxelles",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": "2023-01-02",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "algemene_vergadering",
"act_date": "2023-01-02",
"unanimous": true,
"under_authorized_capital": false,
"underlying_resolution_date": "2023-01-02"
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0770.639.363",
"name_full": "SPICK \u0026 SPAN",
"legal_form": "SRL",
"_kbo_filled_from_list": true,
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"shareholders_after": [
{
"kbo": null,
"pct": 80.0,
"kind": "person",
"name": "Sever Ramazan",
"role": null,
"n_shares": 80,
"share_class": null
},
{
"kbo": null,
"pct": 10.0,
"kind": "person",
"name": "Mariusz Wojciechowski",
"role": null,
"n_shares": 10,
"share_class": null
},
{
"kbo": null,
"pct": 10.0,
"kind": "org",
"name": "Saida Rhaiem Ep Messaoud",
"role": null,
"n_shares": 10,
"share_class": null
}
],
"share_classes_after": []
}Credit advice
Company registry (CBE)
Activities
General construction of residential buildings41001Other building cleaning and industrial cleaning81220
Names & trade names
| Legal nameFR | SPICK & SPAN |
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