Spier Construct
ActiveSummary
Spier Construct has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-56k) and a net result of €-2k. Equity is shrinking by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 2198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▲+23
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.6 against 0.67 in 2024; short-term debt: 166.7% and cash: 3% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-66.7%
Return on assets
-1.9%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
19202122232425
2019 to 2025 · latest year €-56k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-03-2026, 39 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
39 d late
2024
on the day
2023
26 d late
2022
32 d early
2021
41 d early
2020
38 d early
2019
45 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-56k▼ 2.9%
2024 · €-54k
2019: €15k
2020: €-29k▼ -297% vs 2019
2021: €49k▲ +266% vs 2020
2022: €125k▲ +158% vs 2021highest in 7 years
2023: €-42k▼ -134% vs 2022
2024: €-54k▼ -28.7% vs 2023
2025: €-56k▼ -2.9% vs 2024lowest in 7 years
2019 → 2025
Total assets
€84k▼ 25.0%
2024 · €112k
2019: €220k
2020: €512k▲ +133% vs 2019
2021: €651k▲ +27.0% vs 2020
2022: €1.40M▲ +115% vs 2021highest in 7 years
2023: €176k▼ -87.4% vs 2022
2024: €112k▼ -36.5% vs 2023
2025: €84k▼ -25.0% vs 2024lowest in 7 years
2019 → 2025
Net result
€-2k▲ 87.2%
2024 · €-12k
2019: €14k
2020: €-44k▼ -426% vs 2019
2021: €78k▲ +277% vs 2020highest in 7 years
2022: €77k▼ -1.6% vs 2021
2023: €-168k▼ -319% vs 2022lowest in 7 years
2024: €-12k▲ +92.8% vs 2023
2025: €-2k▲ +87.2% vs 2024
2019 → 2025
Working capital
€-56k▼ 2.9%
2024 · €-54k
2019: €215k
2020: €174k▼ -19.0% vs 2019
2021: €287k▲ +64.4% vs 2020
2022: €925k▲ +223% vs 2021highest in 7 years
2023: €-42k▼ -105% vs 2022
2024: €-54k▼ -28.7% vs 2023
2025: €-56k▼ -2.9% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€49k-€125k▲ 158%€-42k€-54k▼ 28.7%€-56k▼ 2.9%
2021: €49k
2022: €125k▲ +158% vs 2021highest in 5 years
2023: €-42k▼ -134% vs 2022
2024: €-54k▼ -28.7% vs 2023
2025: €-56k▼ -2.9% vs 2024lowest in 5 years
Operating result€123k-€142k▲ 15.6%€-144k€-11k▲ 92.2%€-1k▲ 89.4%
2021: €123k
2022: €142k▲ +15.6% vs 2021highest in 5 years
2023: €-144k▼ -202% vs 2022lowest in 5 years
2024: €-11k▲ +92.2% vs 2023
2025: €-1k▲ +89.4% vs 2024
Net result€78k-€77k▼ 1.6%€-168k€-12k▲ 92.8%€-2k▲ 87.2%
2021: €78khighest in 5 years
2022: €77k▼ -1.6% vs 2021
2023: €-168k▼ -319% vs 2022lowest in 5 years
2024: €-12k▲ +92.8% vs 2023
2025: €-2k▲ +87.2% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2025 against €11k in 2024; the loss shrinks.
Key figures and ratios
Solvency
-66.7%▼
2024 · -48.6%
Current ratio
0.60▼
2024 · 0.67
Quick ratio
0.25▼
2024 · 0.38
Debt to equity
-2.50▲
2024 · -3.06
ROA
-1.9%▲
2024 · -10.9%
Debt
€140k▼
2024 · €167k
Debt ≤ 1 year
€140k▼
2024 · €167k
Income taxes
€7▲
2024 · €2
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€112k€84k▼
Current assets29/58€112k€84k▼
Stocks and contracts in progress3€48k€49k▲
Stocks30/36€48k€49k▲
Amounts receivable within one year40/41€54k€32k▼
Trade receivables40€47k€31k▼
Other amounts receivable41€7k€997▼
Cash at bank and in hand54/58€10k€3k▼
Equity and liabilities
Total equity and liabilities10/49€112k€84k▼
Equity10/15€-54k€-56k▼
Contributions10/11€6k€6k=
Reserves13€119k€119k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€117k€117k=
Profit (loss) carried forward14€-180k€-182k▼
Amounts payable17/49€167k€140k▼
Amounts payable within one year42/48€167k€140k▼
Trade debts44€4k-
Suppliers440/4€4k-
Other amounts payable47/48€163k€140k▼
Income statement
Code20242025
Other operating charges640/8€1k€120▼
Non-recurring operating charges66A€3k-
Gross operating margin9900€-7k€-1k▲
Operating profit (loss)9901€-11k€-1k▲
Financial income75/76B€6€22▲
Recurring financial income75€6€22▲
Financial charges65/66B€883€379▼
Recurring financial charges65€883€379▼
Profit (loss) for the period before taxes9903€-12k€-2k▲
Income taxes67/77€2€7▲
Profit (loss) for the period9904€-12k€-2k▲
Profit (loss) for the period to be appropriated9905€-12k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-180k€-182k▼
Profit (loss) brought forward from the previous period14P€-168k€-180k▼
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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €551 | €547 | €1k | €120 | ▼ 91.1% |
| Non-recurring operating charges66A | - | - | - | €3k | - | - |
| Gross operating margin9900 | €124k | €142k | €-144k | €-7k | €-1k | ▲ 84.2% |
| Operating profit (loss)9901 | €123k | €142k | €-144k | €-11k | €-1k | ▲ 89.4% |
| Financial income75/76B | - | €56 | €23 | €6 | €22 | ▲ 289% |
| Recurring financial income75 | €2k | €56 | €23 | €6 | €22 | ▲ 289% |
| Financial charges65/66B | - | €35k | €23k | €883 | €379 | ▼ 57.1% |
| Recurring financial charges65 | €32k | €35k | €23k | €883 | €379 | ▼ 57.1% |
| Profit (loss) for the period before taxes9903 | €92k | €106k | €-168k | €-12k | €-2k | ▲ 87.2% |
| Income taxes67/77 | €14k | €29k | - | €2 | €7 | ▲ 286% |
| Profit (loss) for the period9904 | €78k | €77k | €-168k | €-12k | €-2k | ▲ 87.2% |
| Profit (loss) for the period to be appropriated9905 | €78k | €77k | €-168k | €-12k | €-2k | ▲ 87.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €651k | €1.40M | €176k | €112k | €84k | ▼ 25.0% |
| Current assets29/58 | €651k | €1.40M | €176k | €112k | €84k | ▼ 25.0% |
| Stocks and contracts in progress3 | €281k | €966k | €30k | €48k | €49k | ▲ 2.1% |
| Stocks30/36 | - | €966k | €30k | €48k | €49k | ▲ 2.1% |
| Amounts receivable within one year40/41 | €313k | €97k | €136k | €54k | €32k | ▼ 40.4% |
| Trade receivables40 | - | €74k | €88k | €47k | €31k | ▼ 33.6% |
| Other amounts receivable41 | - | €23k | €49k | €7k | €997 | ▼ 85.9% |
| Cash at bank and in hand54/58 | €57k | €336k | €10k | €10k | €3k | ▼ 73.6% |
| Deferred charges and accrued income490/1 | - | €10 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €651k | €1.40M | €176k | €112k | €84k | ▼ 25.0% |
| Equity10/15 | €49k | €125k | €-42k | €-54k | €-56k | ▼ 2.9% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €43k | €119k | €119k | €119k | €119k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €117k | €117k | €117k | €117k | = |
| Profit (loss) carried forward14 | - | - | €-168k | €-180k | €-182k | ▼ 0.9% |
| Amounts payable17/49 | €602k | €1.27M | €219k | €167k | €140k | ▼ 15.9% |
| Amounts payable after more than one year17 | €224k | €781k | - | - | - | - |
| Financial debts170/4 | - | €781k | - | - | - | - |
| Amounts payable within one year42/48 | €364k | €474k | €219k | €167k | €140k | ▼ 15.9% |
| Trade debts44 | €183k | €189k | €17k | €4k | - | - |
| Suppliers440/4 | - | €189k | €17k | €4k | - | - |
| Taxes, remuneration and social security45 | - | €31k | €29k | - | - | - |
| Taxes450/3 | - | €31k | €29k | - | - | - |
| Other amounts payable47/48 | - | €254k | €172k | €163k | €140k | ▼ 14.1% |
| Accrued charges and deferred income492/3 | - | €18k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78k | €77k | €-168k | €-12k | €-2k | ▲ 87.2% |
| Operating cash flow (approximation) | €78k | €77k | €-168k | €-12k | €-2k | ▲ 87.2% |
| Change in cash | - | €280k | €-326k | €-327 | €-7k | ▼ 2,058% |
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
11-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 39 days late
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
30-06
Financial
Weakest financial yearnet €-168k
Net result drops to €-168k, the lowest in the series; recovery starts the following year.
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Equity above €100kEq €125k ▲158%
2 profitable years in a row build equity to €125k.
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €78k
Net result €78k after one loss-making year.
2020
24-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
16-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro 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
3 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, Turnhout · 1 establishment unit since 2016
Ground area
1,106 m²
Building footprint
456 m²
Volume, LiDAR
3,596 m³
Parcel 13453O0351/00E002, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Spier Construct
since 20162.257.695.487
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0351/00E002 | Flanders | 1,106 m² | 1 · 456 m² | 14.7 m · 4 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 29,779 companies in sector 41001 we hold annual accounts for 16,044. 12,904 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded13-07-2016
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.