SPIESSENS
ActiveSPIESSENS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.70M and a net result of €118k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 405 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▲+13
Solvency58▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 2.02 against 1.6 in 2024; short-term debt: 47.3% and cash: 0.5% of total assets), but 67.3% 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○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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.7%
Return on assets
1.4%
Age of the figures
9 mo
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
12 d late
2023
57 d early
2022
31 d late
2021
2 d early
2020
45 d early
2019
25 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.70M▲ 4.6%
2024 · €2.58M
2018: €1.66M
2019: €1.83M
2020: €1.96M
2021: €2.15M
2022: €2.28M
2023: €2.43M
2024: €2.58M
2018 → 2025
Total assets
€8.24M▲ 3.0%
2024 · €8.00M
2018: €4.50M
2019: €4.53M
2020: €5.93M
2021: €6.63M
2022: €7.01M
2023: €7.89M
2024: €8.00M
2018 → 2025
Net result
€118k▼ 22.7%
2024 · €153k
2018: €148k
2019: €173k
2020: €127k
2021: €185k
2022: €135k
2023: €149k
2024: €153k
2018 → 2025
Working capital
€3.99M▲ 38.0%
2024 · €2.89M
2018: €2.23M
2019: €3.02M
2020: €3.23M
2021: €3.28M
2022: €3.19M
2023: €3.06M
2024: €2.89M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.15M-€2.28M▲ 6.2%€2.43M▲ 6.5%€2.58M▲ 6.3%€2.70M▲ 4.6%
Operating result€232k-€229k▼ 1.3%€296k▲ 29.1%€246k▼ 16.7%€329k▲ 33.4%
Net result€185k-€135k▼ 27.1%€149k▲ 10.0%€153k▲ 2.9%€118k▼ 22.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 33% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.24M
Fixed assets
€357k▲ 7.7%
Current assets
€7.88M▲ 2.8%
Equity and liabilities €8.24M
Equity
€2.70M▲ 4.6%
Debt
€5.54M▲ 2.2%
The debt ratio falls from 67.8% to 67.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€393k▲
2024 · €321k
Cash flow
€182k▼
2024 · €227k
Solvency
32.7%▲
2024 · 32.2%
Current ratio
2.02▲
2024 · 1.60
Quick ratio
1.83▲
2024 · 1.48
Debt / equity
2.06▼
2024 · 2.10
ROE
4.4%▼
2024 · 5.9%
ROA
1.4%▼
2024 · 1.9%
Interest coverage
5.04▲
2024 · 3.48
Debt
€5.54M▲
2024 · €5.42M
Debt ≤ 1 year
€3.90M▼
2024 · €4.78M
Debt > 1 year
€1.65M▲
2024 · €625k
Income taxes
€2k▲
2024 · €1k
Staff costs
€1.45M▼
2024 · €1.49M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€8.00M€8.24M▲
Fixed assets21/28€332k€357k▲
Intangible fixed assets21€155k€140k▼
Tangible fixed assets22/27€133k€196k▲
Plant, machinery and equipment23-€105k
Furniture and vehicles24€87k€61k▼
Leasing and similar rights25€18k€4k▼
Other tangible fixed assets26€28k€25k▼
Financial fixed assets28€43k€22k▼
Current assets29/58€7.67M€7.88M▲
Stocks and contracts in progress3€598k€747k▲
Stocks30/36€598k€747k▲
Amounts receivable within one year40/41€7.02M€7.09M▲
Trade receivables40€6.19M€6.82M▲
Other amounts receivable41€831k€267k▼
Cash at bank and in hand54/58€18k€40k▲
Deferred charges and accrued income490/1€36k€10k▼
Equity and liabilities
Total equity and liabilities10/49€8.00M€8.24M▲
Equity10/15€2.58M€2.70M▲
Contributions10/11€19k€19k=
Reserves13€2.56M€2.68M▲
Tax-exempt reserves132€56k€56k=
Distributable reserves133€2.50M€2.62M▲
Amounts payable17/49€5.42M€5.54M▲
Amounts payable after more than one year17€625k€1.65M▲
Financial debts170/4€625k€1.26M▲
Advances received on contracts in progress176-€387k
Amounts payable within one year42/48€4.78M€3.90M▼
Current portion of amounts payable after more than one year42€87k€24k▼
Financial debts43€187k€191k▲
Credit institutions430/8€187k€191k▲
Trade debts44€4.28M€3.45M▼
Suppliers440/4€4.28M€3.45M▼
Taxes, remuneration and social security45€216k€195k▼
Taxes450/3€8k€145▼
Remuneration and social security454/9€207k€195k▼
Other amounts payable47/48€8k€42k▲
Accrued charges and deferred income492/3€16k-
Income statement
Code20242025
Remuneration, social security and pensions62€1.49M€1.45M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€64k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€24k-
Other operating charges640/8€4k€25k▲
Gross operating margin9900€1.84M€1.87M▲
Operating profit (loss)9901€246k€329k▲
Financial income75/76B€0€1k▲
Recurring financial income75€0€1k▲
Financial charges65/66B€92k€209k▲
Recurring financial charges65€92k€78k▼
Non-recurring financial charges66B-€131k
Profit (loss) for the period before taxes9903€154k€121k▼
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€153k€118k▼
Transfer to tax-exempt reserves689€42k-
Profit (loss) for the period to be appropriated9905€111k€118k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.50M€118k▼
Profit (loss) brought forward from the previous period14P€2.39M-
Transfer to equity691/2€2.50M€118k▼
To other reserves6921€2.50M€118k▼
Social balance
Average headcount (FTE)908725.125.2▲
The notes to these accounts (14 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 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €118k ▼22.7%
Net result drops to €118k, the lowest in the series.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 12 days late
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €185k ▲45.4%
Net result €185k, the highest in the series.
31-12
Financial
Equity above €2MEq €2.15M ▲9.5%
4 profitable years in a row build equity to €2.15M.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Tielt · 1 establishment unit since 2002
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.
Tenhovestraat 6A8700 TieltGround area
1.8 ha
Building footprint
6,165 m²
Volume, LiDAR
48,443 m³
Parcel 37303H0084/00K000, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SPIESSENS
since 20022.095.623.236
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37303H0084/00K000 | Flanders | 1.8 ha | 1 · 6,164 m² | 9.9 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 398,250 EUR awarded · 318,518 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 2,518 EUR | 152,620 EUR |
| 2024 | 2 | 381,307 EUR | 152,894 EUR |
| 2023 | 2 | 9,982 EUR | 9,210 EUR |
| 2022 | 2 | 4,443 EUR | 3,794 EUR |
Schemes
Ontwikkelingsproject
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsLasser-monteerder (vwo)
Lasser-monteerder duaal (so)
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Of 210 companies in sector 28299 we hold annual accounts for 154. 91 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-10-2001
Fiscal year end31-12
Activities, NACEBEL
28299Manufacture of machinery and equipment not elsewhere classified
28990Manufacture of machinery and equipment not elsewhere classified
29564
28410Manufacture of machinery and equipment not elsewhere classified
29420
70200Business and other management consultancy
70220Business consulting
71121Engineering and related technical consultancy, excluding land surveyors
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:051400321