SPIKEREST
ActiveThe computed 12-month bankruptcy probability of SPIKEREST is 1.8% (moderate). The 2025 annual accounts show equity of €186k and a net result of €-175k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 46% of 3619 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-71
Solvency51▼-21
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity tight (current ratio 1.01 against 1.26 in 2024; short-term debt: 73.9% and cash: 17.7% of total assets), and 73.9% 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.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
26.1%
Return on assets
-24.6%
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
29 d late
2023
12 d early
2022
11 d early
2021
11 d early
2020
10 d early
2019
61 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€186k▼ 48.5%
2024 · €360k
2018: €360k
2019: €372k
2020: €434k
2021: €481k
2022: €518k
2023: €347k
2024: €360k
2018 → 2025
Total assets
€710k▼ 7.6%
2024 · €769k
2018: €1.28M
2019: €1.16M
2020: €1.11M
2021: €1.39M
2022: €926k
2023: €1.11M
2024: €769k
2018 → 2025
Net result
€-175k
2024 · €13k
2018: €8k
2019: €12k
2020: €62k
2021: €47k
2022: €37k
2023: €29k
2024: €13k
2018 → 2025
Working capital
€4k▼ 95.9%
2024 · €106k
2018: €-43k
2019: €3k
2020: €35k
2021: €-14k
2022: €97k
2023: €-21k
2024: €106k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€481k-€518k▲ 7.7%€347k▼ 33.1%€360k▲ 3.8%€186k▼ 48.5%
Operating result€59k-€65k▲ 9.3%€58k▼ 10.5%€40k▼ 31.5%€-161k
Net result€47k-€37k▼ 21.8%€29k▼ 22.4%€13k▼ 53.5%€-175k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €161k after €40k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €710k
Fixed assets
€181k▼ 31.2%
Current assets
€529k▲ 4.7%
Equity and liabilities €710k
Equity
€186k▼ 48.5%
Debt
€524k▲ 28.4%
The debt ratio rises from 53.2% to 73.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-17k▼
2024 · €225k
Cash flow
€-30k▼
2024 · €199k
Solvency
26.1%▼
2024 · 46.8%
Current ratio
1.01▼
2024 · 1.26
Quick ratio
0.97▼
2024 · 1.22
Debt / equity
2.83▲
2024 · 1.13
ROE
-94.0%▼
2024 · 3.7%
ROA
-24.6%▼
2024 · 1.7%
Interest coverage
-1.26▼
2024 · 15.17
Debt
€524k▲
2024 · €409k
Debt ≤ 1 year
€524k▲
2024 · €399k
Income taxes
€193▼
2024 · €12k
Staff costs
€689k▲
2024 · €593k
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€769k€710k▼
Fixed assets21/28€264k€181k▼
Tangible fixed assets22/27€263k€181k▼
Plant, machinery and equipment23€258k€176k▼
Furniture and vehicles24€5k€5k▼
Financial fixed assets28€595€595=
Current assets29/58€505k€529k▲
Stocks and contracts in progress3€17k€21k▲
Stocks30/36€17k€21k▲
Amounts receivable within one year40/41€230k€359k▲
Trade receivables40€24k€33k▲
Other amounts receivable41€206k€326k▲
Current investments50/53-€929
Cash at bank and in hand54/58€238k€126k▼
Deferred charges and accrued income490/1€20k€22k▲
Equity and liabilities
Total equity and liabilities10/49€769k€710k▼
Equity10/15€360k€186k▼
Contributions10/11€325k€325k=
Reserves13€35k-
Distributable reserves133€35k-
Profit (loss) carried forward14-€-139k
Amounts payable17/49€409k€524k▲
Amounts payable after more than one year17€9k-
Financial debts170/4€9k-
Amounts payable within one year42/48€399k€524k▲
Current portion of amounts payable after more than one year42€12k€9k▼
Financial debts43€6k€7k▲
Credit institutions430/8-€1k
Other loans439€6k€6k▲
Trade debts44€323k€301k▼
Suppliers440/4€323k€301k▼
Taxes, remuneration and social security45€59k€67k▲
Taxes450/3€4k€2k▼
Remuneration and social security454/9€55k€65k▲
Other amounts payable47/48€159€140k▲
Income statement
Code20242025
Remuneration, social security and pensions62€593k€689k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€185k€145k▼
Other operating charges640/8€10k€10k▲
Gross operating margin9900€828k€683k▼
Operating profit (loss)9901€40k€-161k▼
Financial income75/76B€12€20▲
Recurring financial income75€12€20▲
Financial charges65/66B€15k€13k▼
Recurring financial charges65€15k€13k▼
Profit (loss) for the period before taxes9903€25k€-174k▼
Income taxes67/77€12k€193▼
Profit (loss) for the period9904€13k€-175k▼
Profit (loss) for the period to be appropriated9905€13k€-175k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€-175k▼
Transfer from equity791/2-€35k
Transfer to equity691/2€13k-
To other reserves6921€13k-
Social balance
Average headcount (FTE)908712.514.5▲
The notes to these accounts (7 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 €-175k ▼1413%
Net result drops to €-175k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €518k ▲7.7%
5 profitable years in a row build equity to €518k.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €62k ▲429%
Operating result €85k, net result €62k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
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
2 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, Mol · 1 establishment unit since 2015
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.
Kruisven 342400 MolGround area
4,126 m²
Building footprint
520 m²
Volume, LiDAR
11 m³
Parcel 13434F1532/00N000, Flanders · tallest building 2.6 m. Linked by address, not a title deed.
1 establishment unit
McDonald's
since 20152.243.409.466
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13434F1532/00N000 | Flanders | 4,126 m² | 1 · 520 m² | 2.6 m |
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
2024 · 1 entry · 597 EUR awarded · 597 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 597 EUR | 597 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteMol2.243.409.466
Dual-learning approval
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SERVIBEL
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BK BEL INVEST
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Namur · Eq €185k
Of 21,904 companies in sector 56112 we hold annual accounts for 9,781. 6,875 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-07-2015
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.