Financials
- Fiscal year
- 2025
- Total assets
- €127,767
- Loss
- -€10,986
- Solvency
- 35.2%
Total assets▼ 0.7%
Net result
20182025
SPIESSENS
ActiveSummary
The computed 12-month bankruptcy probability of SPIESSENS is 1.7% (moderate). The 2025 annual accounts show equity of €45,029 and a net result of -€10,986. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 37% of 30651 sector peers (fiscal year 2025). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Plumbing work
NACE 43221NACE 45332
1 site
Size
€127,767total assets 2025
- Equity
- €45,029
- Loss
- -€10,986
Turnover not published (abridged schema)
Structure
Accounts filed 31 d late0 of 6 deeds read
Why 53- Sector Specialised construction activities (NACE 43)- Loss of €10,986, the second in a row (FY 2025)- Latest accounts 31 days late; 1 of the last 3 late+ Founded in 1986Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 22% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
60-9
equity 35.2% of total assets
Liquidity
30-1
short-term debt 46.5% · cash 1.9%
Profitability
31-34
return on assets -8.6%
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 11 months
12-2025: 0.7%lowest value
01-2026: 0.7%● 0.0% vs 12-2025lowest value
02-2026: 0.7%● 0.0% vs 01-2026lowest value
03-2026: 0.7%● 0.0% vs 02-2026lowest value
04-2026: 0.8%▲ +5.7% vs 03-2026
05-2026: 0.7%▼ -1.5% vs 04-2026
06-2026: 0.7%▼ -3.1% vs 05-2026
07-2026: 0.8%▲ +5.0% vs 06-2026
08-2026: 1.4%▲ +84.4% vs 07-2026
09-2026: 1.7%▲ +23.0% vs 08-2026highest value
10-2026: 1.7%● 0.0% vs 09-2026highest value
- Sector Specialised construction activities (NACE 43) raises the probability
- Loss of €10,986, the second in a row (FY 2025) raises the probability
- Latest accounts 31 days late; 1 of the last 3 late raises the probability
- Founded in 1986 lowers the probability for this profile
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.11 in 2024; short-term debt: 46.5% and cash: 1.9% of total assets), and 64.8% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 37%, liquidity 18%, profitability 16%, growth against the median 18%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
1819202122232425
2018 to 2025 · latest year -€10,986
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
34 d early
2022
31 d early
2021
24 d early
2020
32 d early
2019
29 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 13 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 7 July (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€10,986
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 31-08-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 29-08-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Plumbing workNACE 43221
- Founded
- 15-01-1986
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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