SPICYIT
ActiveSummary
SPICYIT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €217,348 and a net result of -€43,283. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 79% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-66
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 1.85 against 2.61 in 2024; short-term debt: 17.8% and cash: 30.9% of total assets), and 17.9% of the assets are financed with debt.
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Signals
Six 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.1%
Return on assets
-16.4%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€43,283
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
17 d early
2023
6 d early
2022
43 d early
2021
27 d early
2020
8 d late
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 4 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€217,348▼ 16.6%
2024 · €260,631
Total assets
€264,605▼ 14.5%
2024 · €309,361
Net result
-€43,283▼ 468%
2024 · -€7,624
Working capital
€40,088▼ 47.1%
2024 · €75,720
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€58,635▲ 19.8%-€64,824-€57,122▲ 11.9%-€7,555▲ 86.8%-€43,537▼ 476%
Net result€40,368within the sector's middle half▲ 206%-€65,489below the sector's middle half-€57,679below the sector's middle half▲ 11.9%-€7,624below the sector's middle half▲ 86.8%-€43,283below the sector's middle half▼ 468%
Equity€391,423above the sector's middle half▲ 11.5%€325,934above the sector's middle half▼ 16.7%€268,255above the sector's middle half▼ 17.7%€260,631above the sector's middle half▼ 2.8%€217,348within the sector's middle half▼ 16.6%
Total assets€460,943within the sector's middle half▲ 1.3%€364,939within the sector's middle half▼ 20.8%€323,879within the sector's middle half▼ 11.3%€309,361within the sector's middle half▼ 4.5%€264,605within the sector's middle half▼ 14.5%
Debt€69,520▼ 33.1%€39,005▼ 43.9%€55,625▲ 42.6%€48,730▼ 12.4%€47,257▼ 3.0%
Working capital€168,078above the sector's middle half▲ 31.0%€116,689within the sector's middle half▼ 30.6%€75,987within the sector's middle half▼ 34.9%€75,720within the sector's middle half▼ 0.4%€40,088within the sector's middle half▼ 47.1%
Solvency84.9%above the sector's middle half▲ 7.8pp89.3%above the sector's middle half▲ 4.4pp82.8%above the sector's middle half▼ 6.5pp84.2%above the sector's middle half▲ 1.4pp82.1%above the sector's middle half▼ 2.1pp
Current ratio3.43within the sector's middle half▲ 0.954.00within the sector's middle half▲ 0.572.47within the sector's middle half▼ 1.532.61within the sector's middle half▲ 0.141.85within the sector's middle half▼ 0.76
Return on assets (ROA)8.8%within the sector's middle half▲ 5.9pp-17.9%below the sector's middle half▼ 26.7pp-17.8%below the sector's middle half▲ 0.1pp-2.5%below the sector's middle half▲ 15.3pp-16.4%below the sector's middle half▼ 13.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €43,537 in 2025 against €7,555 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €264,605
Fixed assets
€177,357 ▼ 5.0%
Current assets
€87,248 ▼ 28.8%
Equity and liabilities €264,605
Equity
€217,348 ▼ 16.6%
Debt
€47,257 ▼ 3.0%
Debt's share of the balance-sheet total rises from 15.8% to 17.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€31,263▼
2024 · €6,479
Cash flow
-€31,010▼
2024 · €6,411
Debt to equity
0.22▲
2024 · 0.19
ROE
-19.9%▼
2024 · -2.9%
Interest coverage
-97.28▼
2024 · 19.00
Debt ≤ 1 year
€47,160▲
2024 · €46,892
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 85% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
85%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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% 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 5,834 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,523 | €15,405 | €15,584 | €14,035 | €12,273 | ▼ 12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,600 | -€1,600 | ▼ 200% |
| Other operating charges640/8 | - | €1,552 | €1,395 | €1,493 | €3,612 | ▲ 142% |
| Gross operating margin9900 | €80,204 | -€47,867 | -€40,143 | €9,572 | -€29,251 | ▼ 406% |
| Operating profit (loss)9901 | €58,635 | -€64,824 | -€57,122 | -€7,555 | -€43,537 | ▼ 476% |
| Financial income75/76B | - | - | €22 | €273 | €575 | ▲ 111% |
| Recurring financial income75 | €129 | - | €22 | €273 | €575 | ▲ 111% |
| Financial charges65/66B | - | €665 | €399 | €341 | €321 | ▼ 5.8% |
| Recurring financial charges65 | €1,657 | €665 | €399 | €341 | €321 | ▼ 5.8% |
| Profit (loss) for the period before taxes9903 | €57,106 | -€65,489 | -€57,499 | -€7,624 | -€43,283 | ▼ 468% |
| Income taxes67/77 | €16,739 | - | €181 | - | - | - |
| Profit (loss) for the period9904 | €40,368 | -€65,489 | -€57,679 | -€7,624 | -€43,283 | ▼ 468% |
| Profit (loss) for the period to be appropriated9905 | €40,368 | -€65,489 | -€57,679 | -€7,624 | -€43,283 | ▼ 468% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €460,943 | €364,939 | €323,879 | €309,361 | €264,605 | ▼ 14.5% |
| Fixed assets21/28 | €223,695 | €209,342 | €196,265 | €186,749 | €177,357 | ▼ 5.0% |
| Tangible fixed assets22/27 | €223,670 | €209,317 | €195,680 | €186,189 | €176,797 | ▼ 5.0% |
| Land and buildings22 | - | €194,014 | €185,471 | €176,929 | €168,386 | ▼ 4.8% |
| Plant, machinery and equipment23 | - | €2,402 | €2,885 | €1,282 | €1,813 | ▲ 41.4% |
| Furniture and vehicles24 | - | €1,605 | €700 | €4,153 | €4,395 | ▲ 5.8% |
| Other tangible fixed assets26 | - | €11,296 | €6,624 | €3,825 | €2,203 | ▼ 42.4% |
| Financial fixed assets28 | €25 | €25 | €585 | €560 | €560 | = |
| Current assets29/58 | €237,247 | €155,596 | €127,614 | €122,612 | €87,248 | ▼ 28.8% |
| Amounts receivable within one year40/41 | €1,143 | €8,067 | €17,063 | €9,523 | €5,125 | ▼ 46.2% |
| Trade receivables40 | - | €5,832 | €16,730 | €9,391 | €3,317 | ▼ 64.7% |
| Other amounts receivable41 | - | €2,235 | €333 | €132 | €1,808 | ▲ 1,271% |
| Cash at bank and in hand54/58 | €235,737 | €147,150 | €107,152 | €109,296 | €81,827 | ▼ 25.1% |
| Deferred charges and accrued income490/1 | - | €379 | €3,399 | €3,793 | €295 | ▼ 92.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €460,943 | €364,939 | €323,879 | €309,361 | €264,605 | ▼ 14.5% |
| Equity10/15 | €391,423 | €325,934 | €268,255 | €260,631 | €217,348 | ▼ 16.6% |
| Contributions10/11 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Outside capital11 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Other1109/19 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €168,132 | €168,132 | €168,132 | €168,132 | €168,132 | = |
| Non-distributable reserves130/1 | - | €9,560 | €9,560 | €9,560 | €9,560 | = |
| Reserves not available under the articles1311 | - | €9,560 | €9,560 | €9,560 | €9,560 | = |
| Tax-exempt reserves132 | - | €32,750 | €32,750 | €32,750 | €32,750 | = |
| Distributable reserves133 | - | €125,822 | €125,822 | €125,822 | €125,822 | = |
| Profit (loss) carried forward14 | €123,290 | €57,802 | €122 | -€7,502 | -€50,785 | ▼ 577% |
| Amounts payable17/49 | €69,520 | €39,005 | €55,625 | €48,730 | €47,257 | ▼ 3.0% |
| Amounts payable within one year42/48 | €69,169 | €38,908 | €51,627 | €46,892 | €47,160 | ▲ 0.6% |
| Trade debts44 | €4,201 | €1,426 | €1,100 | €2,164 | €717 | ▼ 66.9% |
| Suppliers440/4 | - | €1,426 | €1,100 | €2,164 | €717 | ▼ 66.9% |
| Taxes, remuneration and social security45 | - | €3,295 | €5,133 | €145 | €39 | ▼ 73.0% |
| Taxes450/3 | - | €2 | €73 | €145 | €39 | ▼ 73.0% |
| Remuneration and social security454/9 | - | €3,293 | €5,061 | - | - | - |
| Other amounts payable47/48 | - | €34,187 | €45,393 | €44,583 | €46,404 | ▲ 4.1% |
| Accrued charges and deferred income492/3 | - | €97 | €3,998 | €1,838 | €97 | ▼ 94.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,368 | -€65,489 | -€57,679 | -€7,624 | -€43,283 | ▼ 468% |
| + Depreciation and write-downs630 | €17,523 | €15,405 | €15,584 | €14,035 | €12,273 | ▼ 12.5% |
| Operating cash flow (approximation) | €57,891 | -€50,084 | -€42,096 | €6,411 | -€31,010 | ▼ 584% |
| Investment in fixed assets (approximation) | - | -€1,053 | -€2,507 | -€4,518 | -€2,881 | ▲ 36.2% |
| Change in cash | - | -€88,587 | -€39,998 | €2,144 | -€27,468 | ▼ 1,381% |
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
Next filing, fiscal year 2026, expected by
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
14-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Weakest financial yearnet -€65,489
Net result drops to -€65,489, the lowest in the series; recovery starts the following year.
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €40,368 ▲206%
Operating result €58,635, net result €40,368, both a record.
08-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 8 days late
2020
30-06
Financial
Back to profitnet €13,178
Net result €13,178 after one loss-making year.
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
11-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 11 days late
2018
08-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
09-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 2006
Ground area
354 m²
Building footprint
100 m²
Volume, LiDAR
835 m³
Parcel 21652E0398/00T000, Brussels · tallest building 15.5 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SPICYIT
since 20062.151.938.862
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0398/00T000 | Brussels | 354 m² | 1 · 100 m² | 15.5 m · 3 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 82,601 companies in this sector we hold annual accounts for 52,629. 39,543 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded03-01-2006
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0878317974
Registered
02-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.