Equity
-€56,035
Debts exceed assets in financial year 2025.
Spier Construct
Lifetime
9 annual accounts with figures on one time axispeak €142,121 (2022)
-€1,075▲ €5,715
lowest -€167,812 (2023)
-€1,559▲ €10,603
peak €125,499 (2022)
-€56,035▼ €1,559
€140,085▼ 15.9%
Board3 names since 2016
2 directorsLiesAnn BV and 1 other
Owners2 names in the annual accounts
50%DVDP and 1 other
Documentsfilings and deeds
11-03-202639 days late
2025abbreviated format
Gross margin from -€6,791 to -€1,075Loss of €1,559Debts from €166,560 to €140,085Cash from €9,583 to €2,528
Key points
from the 2025 annual accountsLosses
-€181,534 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€140,085 167% of the balance sheet
2025 accounts filed 39 days after the deadlineTurnover not published (abbreviated or micro format)
Checked score
48
Fair
Financially stronger than 15% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.2%
01-2025: 4.5%▲ +0.3 percentage points vs 12-2024highest value
02-2025: 2.6%▼ -1.9 percentage points vs 01-2025
03-2025: 2.6%● unchanged vs 02-2025
04-2025: 2.6%● unchanged vs 03-2025
05-2025: 2.6%● unchanged vs 04-2025
06-2025: 2.6%● unchanged vs 05-2025
07-2025: 2.6%● unchanged vs 06-2025
08-2025: 2.6%● unchanged vs 07-2025
09-2025: 2.5%▼ -0.1 percentage points vs 08-2025
10-2025: 2.5%● unchanged vs 09-2025
11-2025: 2.4%▼ -0.1 percentage points vs 10-2025
12-2025: 2.4%● unchanged vs 11-2025lowest value
01-2026: 2.6%▲ +0.2 percentage points vs 12-2025
02-2026: 3.0%▲ +0.4 percentage points vs 01-2026
03-2026: 3.2%▲ +0.2 percentage points vs 02-2026
04-2026: 3.5%▲ +0.3 percentage points vs 03-2026
05-2026: 3.5%● unchanged vs 04-2026
06-2026: 3.5%● unchanged vs 05-2026
07-2026: 3.5%● unchanged vs 06-2026
08-2026: 3.5%● unchanged vs 07-2026
09-2026: 3.4%▼ -0.1 percentage points vs 08-2026
10-2026: 3.4%● unchanged vs 09-2026
11-2026: 3.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Last filed accounts filed 40 days late; 1 of the last 3 accounts late
Negative equity -€56,035
lowers risk
Size: total assets €84,050
Calculation
The band follows from the bankruptcy probability. 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 41, micro). It does better than 3% of them on solvency, 5% on liquidity, 20% on profitability and 31% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,333 companies had the same profile as Spier Construct has now. Each dot stands for 6 companies, two years later.
90.5%
were still trading
5.8%
stopped another way
2.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Spier Construct itself: 3.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,333 companies, not a prediction for Spier Construct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.6 (0.67 in 2024), below 1. Short-term debt is 166.7% and cash 3% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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 -€56,035
raises risk · 2025 accounts filed 39 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filingsDeviation from the deadline
2025
39 days late
2024
on the day
2023
26 days late
2022
32 days early
2021
41 days early
2020
38 days early
2019
45 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (4 of the last 5 accounts filed within 39 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Board and ownership
- DVDP 50%score 82equity €226,326 (2025) · 30-06-2025 annual accounts of DVDP
- LiesAnn 50%equity €178,690 (2025) · 2025 annual accounts of LiesAnn
Recent changes
Environmental permit granted
Verbouwen / Wijzigen Infrastructuur · Herentals
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw of aanleggen, Slopen van niet vrijstaande gebouwen of constructies and 1 more · Herentals
Resignation: AXIE BVBA (director)
Director discharge: AXIE BVBA · General meeting of 09-10-2019 · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Lille
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Spier Construct Turnhout | €84,050 | -€1,075 | -66.7% | - |
| MT Bouw Geel | €80,895 | -€671 | 87.7% | - |
| T.C.G. Mol | €84,272 | -€35,789 | 17.2% | - |
| Korabo Geel | €91,177 | -€11,672 | 54.9% | - |
| LATHI CONSTRUCT Retie | €74,184 | -€2,617 | 99.8% | - |
| C & W CONSTRUCT Hulshout | €70,528 | -€25,336 | 47.5% | - |
| 2000 Projects Kontich | €108,228 | -€13,507 | 18.6% | - |
These companies have the same main activity as Spier Construct: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €70,500 and €108,000, founded between 2015 and 2017.
Official details
Source: KBO- Status
- Active since 13-07-2016Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.257.695.4872300 Turnhout, since 13-07-2016
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Insights on Spier Construct
Spier Construct files the abbreviated format. That format states no turnover. The gross margin rose from -€6,342 in 2017 to -€1,075 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Spier Construct
- What is the company number of Spier Construct?
- The company number of Spier Construct is 0658.956.731. The VAT number is the same number with BE in front: BE 0658.956.731.
- Where is Spier Construct based?
- The registered office is at Steenweg op Gierle 115, 2300 Turnhout.Company details
- What does Spier Construct do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of Spier Construct?
- Legal form of Spier Construct: Coöperatieve vennootschap met beperkte aansprakelijkheid.
- When was Spier Construct founded?
- Spier Construct was founded on 13-07-2016.
- Is Spier Construct still active?
- Yes, Spier Construct is an active enterprise in the KBO register.
- What is the turnover of Spier Construct?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is Spier Construct profitable?
- In financial year 2025, Spier Construct made a loss of €1,559.
- Where can I find the annual accounts of Spier Construct?
- Spier Construct filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Spier Construct due?
- Spier Construct must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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