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SPICY Limited

Active
Private limited companyfounded 2023active for 3 yearsCalevoetstraat 84, 1180 Ukkel, BelgiumKBO/BCE: BE 0805.248.171
Summary

The annual accounts of SPICY Limited for financial year 2025 show a net loss of 51% of total assets and of 63% of the equity at the start of that year. The 2025 annual accounts show equity of €654 and a net result of -€1,091. Equity is shrinking by about 84% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 42% of 13,639 sector peers (NACE 46, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisFollow ReportCompare
SPICY LimitedActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Wholesale of beverages, general range
NACE 46349
1 site
Size
€2,157total assets 2025
Equity
€654
Loss
-€1,091
Turnover not published (micro format)
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
2025 accounts 31 days early
Why 54raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearFounded in 2023lowers riskLiquidity: current ratio 1.43, cash €1,387Size: total assets €2,157Figures for financial year 2025 (filed 30-06-2026)Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 31% of its sector peers (NACE 46, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 55-24
equity 30.3% of total assets
Liquidity 63-14
short-term debt 69.7% · cash 64.3%
Profitability 0=
return on assets -50.6%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,883 companies, NACE 46, micro)
Last 24 months 11-2024: 0.5%lowest value 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025 08-2025: 0.5%▼ -0.1 percentage points vs 07-2025 09-2025: 0.6%▲ +0.1 percentage points vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.5%▼ -0.1 percentage points vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.6%▲ +0.1 percentage points vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.2 percentage points vs 07-2026 09-2026: 0.9%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.6%▼ -0.3 percentage points vs 09-2026
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
balance sheet total too small for a liquidity verdict.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 40% on solvency, 69% on liquidity, 6% on profitability and 8% on growth.

The bankruptcy probability was computed on 25-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.43, cash €1,387
NBB · annual accounts
raises risk · Founded in 2023
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: total assets €2,157
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 30-06-2026)
NBB · annual accounts
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 30-06-2026, 31 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
31 days early
2024
31 days early
2023
36 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 33 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Weakest financial yearnet -€1,852

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€1,091 View
  • Caution: Among the weakest 20% on equitysector median €56,545 · 13,669 companies €654 View
  • Board2 directors in office 2 View

By topic

Financials

Financial year
2025
Total assets
€2,157
Loss
-€1,091
Solvency
30.3%
Total assets▼ 33.6%
Net result
20232025
Go to Financials

Board & ownership

Board
2 members
  • COULON Julien Louis Marie Albert CharlesDirector
  • DELLY Choukri dit ChuckDirector
Go to Board & ownership

Timeline

Events
5
Since
2023
Next accounts
by 31-07-2027
  1. 25-06-2024Annual accounts filed
  2. 31-08-2023Incorporation
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale of beverages, general rangeNACE 46349
Founded
29-08-2023
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Articles of association

Provisions read
13
Who signs
Each director alone
Annual meeting
Third Wednesday of May at 19:00
Purpose
“Les études et l’application du marketing au sens le plus large,à savoir,les études et les…” (deed in French)
Go to Articles of association

Key facts about SPICY Limited

What is the company number of SPICY Limited?
0805.248.171. In Belgium the VAT number is the company number with BE in front: BE 0805.248.171.
Where is SPICY Limited based?
The registered office is at Calevoetstraat 84, 1180 Ukkel.Company details
What does SPICY Limited do?
According to the KBO register, the main activity is wholesale of beverages, general range (NACE 46349).
What is the legal form of SPICY Limited?
Private limited company (BV).
When was SPICY Limited founded?
On 29-08-2023.
Is SPICY Limited still active?
Yes, SPICY Limited is an active enterprise in the KBO register.
What is the turnover of SPICY Limited?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is SPICY Limited profitable?
In financial year 2025, SPICY Limited made a loss of €1,091.
Where can I find the annual accounts of SPICY Limited?
SPICY Limited filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SPICY Limited due?
By 31-07-2027, for financial year 2026.Timeline

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