SPIDERWEB
ActiveSummary
SPIDERWEB has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€147,825) and a net result of -€154,133. Equity is shrinking by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 16% of 969 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▼-53
Solvency22▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 12.05 against 4.04 in 2024; short-term debt: 1.3% and cash: 2.6% of total assets), but equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-2.8%
Return on assets
-3%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€147,825
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 20-05-2026, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 d early
2024
56 d late
2023
75 d late
2022
116 d late
2021
152 d late
2020
121 d late
2019
129 d late
← 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 82 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€147,825
2024 · €6,308
Total assets
€5.2m▲ 7.2%
2024 · €4.9m
Net result
-€154,133▼ 431%
2024 · -€29,030
Working capital
€777,356▲ 161%
2024 · €298,119
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€62,837-€243,244▼ 287%-€221,550▲ 8.9%-€28,263▲ 87.2%-€163,996▼ 480%
Net result-€47,522-€267,195▼ 462%-€227,182▲ 15.0%-€29,030▲ 87.2%-€154,133▼ 431%
Equity€529,714▼ 8.2%€262,519▼ 50.4%€35,338▼ 86.5%€6,308▼ 82.1%-€147,825
Total assets€4.5m▲ 3.2%€4.7m▲ 4.1%€4.8m▲ 1.6%€4.9m▲ 2.4%€5.2m▲ 7.2%
Debt€4.0m▼ 3.2%€4.4m▲ 11.4%€4.7m▲ 6.8%€4.9m▲ 3.1%€5.4m▲ 10.4%
Working capital-€3,185€60,895€72,459▲ 19.0%€298,119▲ 311%€777,356▲ 161%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Net result -431% on 2024. Cause not known from the registers.
- 2024 Net result +87% on 2023. Cause not known from the registers.
- 2023 Equity -87% on 2022. Cause not known from the registers.
- 2022 Net result -462%, Equity -50% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €163,996 in 2025 against €28,263 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.2m
Fixed assets
€4.4m ▼ 2.2%
Current assets
€847,714 ▲ 114%
Key figures and ratios
EBITDA
-€28,463▼
2024 · €111,797
Cash flow
-€18,601▼
2024 · €111,030
Solvency
-2.8%▼
2024 · 0.1%
Current ratio
12.05▲
2024 · 4.04
Debt to equity
-36.33
ROA
-3.0%▼
2024 · -0.6%
Interest coverage
-96.44▼
2024 · 75.65
Debt ≤ 1 year
€70,358▼
2024 · €97,973
Debt > 1 year
€5.3m▲
2024 · €4.8m
Income taxes
€549▲
2024 · €462
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 93% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
1.7%
went bankrupt
3.9%
stopped otherwise
93%
still going
A further 1.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,242 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | €60,680 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €164,787 | €131,428 | €220,268 | €140,060 | €135,532 | ▼ 3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €124,745 | - |
| Other operating charges640/8 | €17,989 | €45,120 | €6,649 | €8,224 | €5,871 | ▼ 28.6% |
| Non-recurring operating charges66A | €9,762 | €1,607 | €7,420 | €0 | - | - |
| Gross operating margin9900 | €129,700 | -€65,088 | €12,787 | €120,020 | €102,153 | ▼ 14.9% |
| Operating profit (loss)9901 | -€62,837 | -€243,244 | -€221,550 | -€28,263 | -€163,996 | ▼ 480% |
| Financial income75/76B | €22,752 | €1,083 | €1,127 | €1,173 | €10,706 | ▲ 812% |
| Recurring financial income75 | €1,074 | €1,083 | €1,127 | €1,173 | €10,706 | ▲ 812% |
| Non-recurring financial income76B | €21,678 | - | - | - | - | - |
| Financial charges65/66B | €3,853 | €7,166 | €2,045 | €1,478 | €295 | ▼ 80.0% |
| Recurring financial charges65 | €3,853 | €7,166 | €2,045 | €1,478 | €295 | ▼ 80.0% |
| Profit (loss) for the period before taxes9903 | -€43,939 | -€249,327 | -€222,468 | -€28,568 | -€153,584 | ▼ 438% |
| Income taxes67/77 | €3,584 | €17,868 | €4,714 | €462 | €549 | ▲ 18.8% |
| Profit (loss) for the period9904 | -€47,522 | -€267,195 | -€227,182 | -€29,030 | -€154,133 | ▼ 431% |
| Transfer from tax-exempt reserves789 | €20,863 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€26,659 | -€267,195 | -€227,182 | -€29,030 | -€154,133 | ▼ 431% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.5m | €4.7m | €4.8m | €4.9m | €5.2m | ▲ 7.2% |
| Fixed assets21/28 | €4.4m | €4.5m | €4.6m | €4.5m | €4.4m | ▼ 2.2% |
| Tangible fixed assets22/27 | €4.4m | €4.5m | €4.6m | €4.5m | €4.3m | ▼ 3.0% |
| Land and buildings22 | €4.3m | €4.4m | €4.4m | €4.4m | €4.3m | ▼ 2.6% |
| Plant, machinery and equipment23 | €9,799 | €6,229 | €2,644 | €1,227 | €296 | ▼ 75.9% |
| Furniture and vehicles24 | €58,677 | €60,477 | €108,757 | €85,765 | €65,928 | ▼ 23.1% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €34,545 | ▲ 6,809% |
| Current assets29/58 | €117,665 | €196,291 | €202,660 | €396,092 | €847,714 | ▲ 114% |
| Amounts receivable after more than one year29 | €27,073 | €28,156 | €29,282 | €30,453 | €566,760 | ▲ 1,761% |
| Other amounts receivable291 | €27,073 | €28,156 | €29,282 | €30,453 | €566,760 | ▲ 1,761% |
| Amounts receivable within one year40/41 | €70,997 | €156,596 | €166,146 | €265,873 | €72,259 | ▼ 72.8% |
| Trade receivables40 | €36,847 | €126,596 | €154,508 | €221,568 | €45,268 | ▼ 79.6% |
| Other amounts receivable41 | €34,150 | €30,000 | €11,638 | €44,305 | €26,991 | ▼ 39.1% |
| Current investments50/53 | - | - | - | €62,500 | €65,000 | ▲ 4.0% |
| Cash at bank and in hand54/58 | €17,311 | €8,950 | €4,368 | €29,742 | €136,184 | ▲ 358% |
| Deferred charges and accrued income490/1 | €2,285 | €2,590 | €2,864 | €7,523 | €7,511 | ▼ 0.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.5m | €4.7m | €4.8m | €4.9m | €5.2m | ▲ 7.2% |
| Equity10/15 | €529,714 | €262,519 | €35,338 | €6,308 | -€147,825 | ▼ 2,443% |
| Contributions10/11 | €368,600 | €368,600 | €368,600 | €368,600 | €368,600 | = |
| Reserves13 | €9,029 | €9,029 | €9,029 | €9,029 | €9,029 | = |
| Non-distributable reserves130/1 | €3,198 | €3,198 | €3,198 | €3,198 | €3,198 | = |
| Reserves not available under the articles1311 | €3,198 | €3,198 | €3,198 | €3,198 | €3,198 | = |
| Tax-exempt reserves132 | €5,830 | €5,830 | €5,830 | €5,830 | €5,830 | = |
| Profit (loss) carried forward14 | €152,086 | -€115,109 | -€342,291 | -€371,320 | -€525,453 | ▼ 41.5% |
| Amounts payable17/49 | €4.0m | €4.4m | €4.7m | €4.9m | €5.4m | ▲ 10.4% |
| Amounts payable after more than one year17 | €3.8m | €4.3m | €4.6m | €4.8m | €5.3m | ▲ 11.2% |
| Financial debts170/4 | €184,112 | €108,542 | €32,106 | €0 | - | - |
| Other amounts payable178/9 | €3.7m | €4.2m | €4.6m | €4.8m | €5.3m | ▲ 11.2% |
| Amounts payable within one year42/48 | €120,850 | €135,396 | €130,201 | €97,973 | €70,358 | ▼ 28.2% |
| Current portion of amounts payable after more than one year42 | €103,983 | €105,612 | €107,273 | €63,761 | €26,020 | ▼ 59.2% |
| Trade debts44 | €7,986 | €0 | - | €17,242 | €22,591 | ▲ 31.0% |
| Suppliers440/4 | €7,986 | €0 | - | €17,242 | €22,591 | ▲ 31.0% |
| Taxes, remuneration and social security45 | €7,351 | €8,249 | €13,066 | €7,333 | €6,433 | ▼ 12.3% |
| Taxes450/3 | €7,351 | €8,249 | €13,066 | €7,333 | €6,433 | ▼ 12.3% |
| Other amounts payable47/48 | €1,530 | €21,535 | €9,861 | €9,637 | €15,313 | ▲ 58.9% |
| Accrued charges and deferred income492/3 | €2,317 | €3,457 | €2,357 | €2,104 | €2,067 | ▼ 1.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€47,522 | -€267,195 | -€227,182 | -€29,030 | -€154,133 | ▼ 431% |
| + Depreciation and write-downs630 | €164,787 | €131,428 | €220,268 | €140,060 | €135,532 | ▼ 3.2% |
| Operating cash flow (approximation) | €117,265 | -€135,766 | -€6,914 | €111,030 | -€18,601 | ▼ 117% |
| Investment in fixed assets (approximation) | - | -€236,940 | -€287,479 | -€62,759 | -€36,105 | ▲ 42.5% |
| Change in cash | - | -€8,361 | -€4,582 | €25,375 | €106,442 | ▲ 319% |
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
2026
17-08
State Gazette act
General meeting · Director reappointment
Declaration
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 12.05
Current ratio from 4.04 to 12.05; short-term debt falls from €97,973 to €70,358.
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 4.04
Current ratio from 1.56 to 4.04; short-term debt falls from €130,201 to €97,973.
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 75 days late
2023
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 116 days late
2022
31-12
Financial
Weakest financial yearnet -€267,195
Net result drops to -€267,195, the lowest in the series; recovery starts the following year.
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 121 days late
2020
31-12
Financial
Back to profitnet €316,395
Net result €316,395 after 2 loss-making years.
31-12
Financial
Equity above €500,000Eq €577,236 ▲70.8%
Equity rises from €337,881 to €577,236.
Show earlier events
07-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 129 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 acts for this company are 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, Brugge · 1 establishment unit since 2006
Ground area
1,318 m²
Parcel 31433D0302/00S000, Flanders. Linked by address, not a title deed.
1 establishment unit
Spiderweb
since 20062.152.028.241
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31433D0302/00S000indicative | Flanders | 1,318 m² | - | - |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
- Sourceown accounts 202533.33%
According to the 2025 annual accounts of SPIDERWEB and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 7,302 EUR awarded · 6,999 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 6,999 EUR |
| 2022 | 1 | 7,302 EUR | 0 EUR |
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Of 2,856 companies in sector 18130 we hold annual accounts for 832. 341 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 (pre-2019)
Founded22-02-2006
Fiscal year end31-12
Activities, NACEBEL 2025
18130Pre-press and pre-media services
46180Agents specialised in the wholesale of other particular products
47621Retail sale of newspapers and periodicals
61100Wired, wireless and satellite telecommunications
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879538293
Also
9925:BE0879538293
Registered
12-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.