SPIESSENS
ActiveSummary
SPIESSENS has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €-11k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 37% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▼-34
Solvency60▼-9
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k 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.
Credit advice 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
35.2%
Return on assets
-8.6%
Age of the figures
9 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
1819202122232425
2018 to 2025 · latest year €-11k
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 →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€45k▼ 19.6%
2024 · €56k
2018: €63k
2019: €62k
2020: €70k
2021: €59k
2022: €58k
2023: €60k
2024: €56k
2018 → 2025
Total assets
€128k▼ 0.7%
2024 · €129k
2018: €205k
2019: €192k
2020: €193k
2021: €171k
2022: €126k
2023: €127k
2024: €129k
2018 → 2025
Net result
€-11k▼ 193%
2024 · €-4k
2018: €-7k
2019: €-1k
2020: €8k
2021: €1k
2022: €-1k
2023: €1k
2024: €-4k
2018 → 2025
Working capital
€19k▲ 223%
2024 · €6k
2018: €63k
2019: €44k
2020: €36k
2021: €11k
2022: €-24k
2023: €-20k
2024: €6k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€58k▼ 1.9%€60k▲ 2.5%€56k▼ 6.3%€45k▼ 19.6%
Operating result€12k-€6k▼ 49.7%€3k▼ 44.3%€-3k€-5k▼ 105%
Net result€1k-€-1k€1k€-4k€-11k▼ 193%
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 €5k in 2025 against €3k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €128k
Fixed assets
€50k ▼ 28.8%
Current assets
€78k ▲ 32.7%
Equity and liabilities €128k
Equity
€45k ▼ 19.6%
Debt
€83k ▲ 13.9%
Debt's share of the balance-sheet total rises from 56.5% to 64.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15k▼
2024 · €20k
Cash flow
€9k▼
2024 · €19k
Current ratio
1.31▲
2024 · 1.11
Quick ratio
1.10▲
2024 · 0.87
Debt to equity
1.84▲
2024 · 1.30
ROE
-24.4%▼
2024 · -6.7%
ROA
-8.6%▼
2024 · -2.9%
Interest coverage
2.74▼
2024 · 28.27
Debt ≤ 1 year
€59k▲
2024 · €53k
Debt > 1 year
€23k▲
2024 · €20k
Income taxes
€226▼
2024 · €536
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€129k€128k▼
Fixed assets21/28€70k€50k▼
Intangible fixed assets21€63k€47k▼
Tangible fixed assets22/27€4k-
Furniture and vehicles24€4k-
Financial fixed assets28€2k€2k▲
Current assets29/58€59k€78k▲
Stocks and contracts in progress3€13k€13k=
Stocks30/36€13k€13k=
Amounts receivable within one year40/41€44k€62k▲
Trade receivables40€32k€60k▲
Other amounts receivable41€12k€2k▼
Cash at bank and in hand54/58€136€2k▲
Deferred charges and accrued income490/1€2k€619▼
Equity and liabilities
Total equity and liabilities10/49€129k€128k▼
Equity10/15€56k€45k▼
Contributions10/11€19k€19k=
Reserves13€36k€36k=
Distributable reserves133€36k€36k=
Profit (loss) carried forward14€2k€-9k▼
Amounts payable17/49€73k€83k▲
Amounts payable after more than one year17€20k€23k▲
Financial debts170/4€20k€23k▲
Amounts payable within one year42/48€53k€59k▲
Current portion of amounts payable after more than one year42€16k€17k▲
Trade debts44€35k€41k▲
Suppliers440/4€35k€41k▲
Taxes, remuneration and social security45€1k€533▼
Taxes450/3€1k€533▼
Other amounts payable47/48-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€20k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k-
Other operating charges640/8€1k€12k▲
Gross operating margin9900€27k€27k▼
Operating profit (loss)9901€-3k€-5k▼
Financial income75/76B€115€8▼
Recurring financial income75€115€8▼
Financial charges65/66B€694€5k▲
Recurring financial charges65€694€5k▲
Profit (loss) for the period before taxes9903€-3k€-11k▼
Income taxes67/77€536€226▼
Profit (loss) for the period9904€-4k€-11k▼
Profit (loss) for the period to be appropriated9905€-4k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-9k▼
Profit (loss) brought forward from the previous period14P€5k€2k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Sint-Niklaas · 1 establishment unit since 1986
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heidebaan 1149100 Sint-NiklaasGround area
1,694 m²
Building footprint
141 m²
Volume, LiDAR
966 m³
Parcel 46446B1195/00X000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Heidebaan 114, 9100 Sint-Niklaas
since 19862.028.858.433
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46446B1195/00X000 | Flanders | 1,694 m² | 1 · 141 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
KRISTOF CORTHALS
BE 0701.807.074
Willebroek · Eq €45,005
ATLS Chauffage
BE 1006.391.727
Zaventem · Eq €45,054
RG CHAUFFAGE
BE 0738.774.071
Bastogne · Eq €45,002
VANVOSSEM ANDY
BE 0891.077.929
Wevelgem · Eq €45,128
HAAG JEAN - CLAUDE
BE 0443.560.016
Seraing · Eq €44,928
Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 2,941 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-01-1986
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43223Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.