SPIGELEER C & E

Active

Private limited companyfounded 201115 yrs activeRue Bayard 22, 1400 Nivelles, BelgiumKBO/BCE: BE 0837.298.654

Summary

SPIGELEER C & E has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59,258 and a net result of €15,277. Equity is growing by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 8200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch Report Compare

SPIGELEER C & EActiveChecked score 83/100

Risk analysis Report Compare

Activity

General construction of residential buildings

NACE 41001General construction of buildings NACE 41201

1 site

Size

€201,551total assets 2025

Equity: €59,258
Profit: €15,277

Turnover not published (abridged schema)

Financial health

83 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.3%

Structure

Accounts filed 27 d late0 of 2 deeds read

Why 83- Sector Construction of residential and non-residential buildings (NACE 41)+ Founded in 2011+ Liquidity: current ratio 1.38, cash €43,707, halved+ Figures for FY 2025 (filed 27-08-2026)Show the evidence

Checked score

Score 2025

83 / 100

Excellent

Probability in this band: under 0.55%

Better than 36% of its sector peers (NACE 41, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Average

Solvency 54-29

equity 29.4% of total assets

Liquidity 45-33

short-term debt 61.8% · cash 21.7%

Profitability 78-3

return on assets 7.6%

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.6% (13,168 companies)

Last 13 months 10-2025: 0.2% 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%▼ -1.2% vs 12-2025lowest value 02-2026: 0.2%● 0.0% vs 01-2026lowest value 03-2026: 0.2%● 0.0% vs 02-2026lowest value 04-2026: 0.2%▲ +12.5% vs 03-2026 05-2026: 0.2%▼ -0.6% vs 04-2026 06-2026: 0.2%▼ -3.9% vs 05-2026 07-2026: 0.2%▲ +14.5% vs 06-2026 08-2026: 0.3%▲ +72.6% vs 07-2026 09-2026: 0.4%▲ +5.6% vs 08-2026highest value 10-2026: 0.3%▼ -7.5% vs 09-2026

Sector Construction of residential and non-residential buildings (NACE 41) raises the probability
Founded in 2011 lowers the probability for this profile
Liquidity: current ratio 1.38, cash €43,707, halved lowers the probability
Figures for FY 2025 (filed 27-08-2026) lowers the probability

Credit up to €4,500 at 30 days acceptable

Liquidity tight (current ratio 1.38 against 2.6 in 2024; short-term debt: 61.8% and cash: 21.7% of total assets), and 70.6% 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 41, micro). Better than this share of them on solvency 36%, liquidity 43%, profitability 58%, growth against the median 9%. 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.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Sector Construction of residential and non-residential buildings (NACE 41)

In the bankruptcy model this factor raises the probability.

KBO

Founded in 2011

In the bankruptcy model this factor lowers the probability for this profile.

KBO

Liquidity: current ratio 1.38, cash €43,707, halved

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Figures for FY 2025 (filed 27-08-2026)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 filings

Deviation from the deadline

2025

27 d late

2024

29 d early

2023

22 d late

2022

30 d late

2021

30 d late

2020

31 d late

2019

91 d late

← 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 29 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (2)

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 27 August (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

02-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage