SPIKES
ActiveSummary
SPIKES has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.7m and a net result of €880,619. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 52% of 8101 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability92▲+5
Solvency81▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200,000 at 30 days acceptable
Liquidity ample (current ratio 2.06 against 1.37 in 2023; short-term debt: 42% and cash: 8.4% of total assets), and 43.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
56.5%
Return on assets
18.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
19 d late
2022
25 d early
2021
19 d late
2020
61 d late
2019
116 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money Which other companies belong to the same group?AXI Holdings Services · 18 companies
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Financials · fiscal year 2024, abbreviated schema
Equity
€2.7m▲ 31.4%
2023 · €2.0m
Total assets
€4.7m▲ 12.2%
2023 · €4.2m
Net result
€880,619▲ 47.0%
2023 · €598,941
Working capital
€2.1m▲ 159%
2023 · €804,031
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€454,729€276,131▼ 39.3%€291,931▲ 5.7%€874,572▲ 200%€1.1m▲ 29.7%
Net result€351,279above the sector's middle half€205,144above the sector's middle half▼ 41.6%€170,428above the sector's middle half▼ 16.9%€598,941above the sector's middle half▲ 251%€880,619above the sector's middle half▲ 47.0%
Equity€1.4mabove the sector's middle half▲ 6.5%€1.3mabove the sector's middle half▼ 4.4%€1.4mabove the sector's middle half▲ 6.3%€2.0mabove the sector's middle half▲ 42.2%€2.7mabove the sector's middle half▲ 31.4%
Total assets€3.6mabove the sector's middle half▼ 22.4%€3.0mabove the sector's middle half▼ 16.4%€3.4mabove the sector's middle half▲ 11.5%€4.2mabove the sector's middle half▲ 24.8%€4.7mabove the sector's middle half▲ 12.2%
Debt€2.2m▼ 33.8%€1.7m▼ 24.0%€1.9m▲ 15.6%€2.2m▲ 12.0%€2.0m▼ 5.7%
Working capital€474,626▲ 20.9%€468,379▼ 1.3%€539,127▲ 15.1%€804,031▲ 49.1%€2.1m▲ 159%
Solvency38.8%within the sector's middle half▲ 10.5pp44.4%within the sector's middle half▲ 5.6pp42.3%within the sector's middle half▼ 2.1pp48.2%within the sector's middle half▲ 5.9pp56.5%within the sector's middle half▲ 8.3pp
Staff (FTE)33.5above the sector's middle half▼ 4.8%32.7above the sector's middle half▼ 2.4%31.5above the sector's middle half▼ 3.7%32.2above the sector's middle half▲ 2.2%29.6above the sector's middle half▼ 8.1%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 30% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.7m
Fixed assets
€643,727 ▼ 47.1%
Current assets
€4.1m ▲ 36.4%
Equity and liabilities €4.7m
Equity
€2.7m ▲ 31.4%
Debt
€2.0m ▼ 5.7%
Debt's share of the balance-sheet total falls from 51.8% to 43.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.3m▲
2023 · €1.1m
Cash flow
€1.1m▲
2023 · €775,534
Current ratio
2.06▲
2023 · 1.37
Debt to equity
0.77▼
2023 · 1.07
ROE
33.2%▲
2023 · 29.7%
ROA
18.8%▲
2023 · 14.3%
Interest coverage
28.48▼
2023 · 37.70
Debt ≤ 1 year
€2.0m▼
2023 · €2.2m
Income taxes
€335,202▲
2023 · €247,801
Staff costs
€2.5m▼
2023 · €2.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €43 | €49,440 | €145,232 | €141,074 | ▼ 2.9% |
| Remuneration, social security and pensions62 | - | €2.4m | €2.5m | €2.6m | €2.5m | ▼ 2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €210,315 | €189,385 | €205,125 | €176,593 | €199,478 | ▲ 13.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | €39,448 | €49,691 | €28,932 | €26,818 | ▼ 7.3% |
| Non-recurring operating charges66A | - | €15,356 | €56,151 | €85,019 | €72,649 | ▼ 14.6% |
| Gross operating margin9900 | €3.0m | €2.9m | €3.1m | €3.7m | €3.9m | ▲ 5.4% |
| Operating profit (loss)9901 | €454,729 | €276,131 | €291,931 | €874,572 | €1.1m | ▲ 29.7% |
| Financial income75/76B | - | €31,851 | €36,643 | €56 | €128,358 | ▲ 230,263% |
| Recurring financial income75 | €753 | €2,507 | €1,318 | €56 | €7,104 | ▲ 12,649% |
| Non-recurring financial income76B | - | €29,344 | €35,325 | €0 | €121,254 | - |
| Financial charges65/66B | - | €49,265 | €53,772 | €27,886 | €46,833 | ▲ 67.9% |
| Recurring financial charges65 | €54,215 | €47,151 | €53,082 | €27,886 | €46,833 | ▲ 67.9% |
| Non-recurring financial charges66B | - | €2,115 | €690 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €407,736 | €258,716 | €274,802 | €846,742 | €1.2m | ▲ 43.6% |
| Income taxes67/77 | €56,457 | €53,572 | €104,374 | €247,801 | €335,202 | ▲ 35.3% |
| Profit (loss) for the period9904 | €351,279 | €205,144 | €170,428 | €598,941 | €880,619 | ▲ 47.0% |
| Transfer from tax-exempt reserves789 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €506,279 | €205,144 | €170,428 | €598,941 | €880,619 | ▲ 47.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.6m | €3.0m | €3.4m | €4.2m | €4.7m | ▲ 12.2% |
| Formation expenses20 | €105,225 | €70,150 | €35,075 | €0 | - | - |
| Fixed assets21/28 | €962,157 | €899,573 | €890,671 | €1.2m | €643,727 | ▼ 47.1% |
| Intangible fixed assets21 | €280,157 | €227,070 | €199,690 | €331,760 | €409,823 | ▲ 23.5% |
| Tangible fixed assets22/27 | €244,326 | €225,389 | €225,539 | €215,333 | €143,725 | ▼ 33.3% |
| Plant, machinery and equipment23 | - | €14,690 | €36,950 | €57,422 | €44,865 | ▼ 21.9% |
| Furniture and vehicles24 | - | €87,608 | €86,293 | €76,344 | €37,717 | ▼ 50.6% |
| Other tangible fixed assets26 | - | €123,091 | €102,295 | €81,568 | €61,143 | ▼ 25.0% |
| Financial fixed assets28 | €437,674 | €447,114 | €465,442 | €668,751 | €90,179 | ▼ 86.5% |
| Current assets29/58 | €2.5m | €2.0m | €2.4m | €3.0m | €4.1m | ▲ 36.4% |
| Amounts receivable after more than one year29 | - | €45,500 | €0 | - | - | - |
| Trade receivables290 | - | €45,500 | €0 | - | - | - |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1.0m | €363,773 | €254,584 | €2.1m | €2.9m | ▲ 38.2% |
| Trade receivables40 | - | €226,400 | €158,346 | €2.1m | €2.9m | ▲ 39.9% |
| Other amounts receivable41 | - | €137,373 | €96,238 | €51,616 | €36,875 | ▼ 28.6% |
| Current investments50/53 | €604,117 | €604,117 | €604,117 | €604,117 | €604,117 | = |
| Cash at bank and in hand54/58 | €831,478 | €957,919 | €1.5m | €176,328 | €396,686 | ▲ 125% |
| Deferred charges and accrued income490/1 | - | €69,546 | €62,553 | €60,945 | €108,690 | ▲ 78.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.6m | €3.0m | €3.4m | €4.2m | €4.7m | ▲ 12.2% |
| Equity10/15 | €1.4m | €1.3m | €1.4m | €2.0m | €2.7m | ▲ 31.4% |
| Contributions10/11 | €137,000 | €137,000 | €137,000 | €137,000 | €137,000 | = |
| Capital10 | - | €137,000 | €137,000 | €137,000 | €137,000 | = |
| Issued capital100 | - | €137,000 | €137,000 | €137,000 | €137,000 | = |
| Revaluation surpluses12 | - | €247,070 | €247,070 | €247,070 | - | - |
| Reserves13 | €1.0m | €952,560 | €1.0m | €1.6m | €2.5m | ▲ 53.9% |
| Non-distributable reserves130/1 | - | €617,817 | €617,817 | €617,817 | €617,817 | = |
| Legal reserve130 | - | €13,700 | €13,700 | €13,700 | €13,700 | = |
| Own shares acquired1312 | - | €604,117 | €604,117 | €604,117 | €604,117 | = |
| Tax-exempt reserves132 | - | €101,639 | €82,112 | €62,584 | €62,584 | = |
| Distributable reserves133 | - | €233,104 | €336,176 | €954,645 | €1.8m | ▲ 92.2% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €2.2m | €1.7m | €1.9m | €2.2m | €2.0m | ▼ 5.7% |
| Amounts payable after more than one year17 | €142,886 | €70,869 | €19,750 | €0 | - | - |
| Financial debts170/4 | - | €70,869 | €19,750 | €0 | - | - |
| Amounts payable within one year42/48 | €2.1m | €1.6m | €1.9m | €2.2m | €2.0m | ▼ 9.1% |
| Current portion of amounts payable after more than one year42 | - | €72,017 | €194,780 | €19,750 | - | - |
| Financial debts43 | - | - | - | €100,000 | - | - |
| Credit institutions430/8 | - | - | - | €100,000 | - | - |
| Trade debts44 | €523,596 | €499,962 | €684,627 | €875,533 | €990,682 | ▲ 13.2% |
| Suppliers440/4 | - | €499,962 | €684,627 | €875,533 | €990,682 | ▲ 13.2% |
| Advances received on contracts in progress46 | - | €73,123 | €134,730 | €351,727 | €142,208 | ▼ 59.6% |
| Taxes, remuneration and social security45 | - | €428,733 | €661,155 | €734,989 | €835,226 | ▲ 13.6% |
| Taxes450/3 | - | €133,319 | €329,360 | €425,832 | €508,337 | ▲ 19.4% |
| Remuneration and social security454/9 | - | €295,414 | €331,795 | €309,157 | €326,889 | ▲ 5.7% |
| Other amounts payable47/48 | - | €498,641 | €215,717 | €84,778 | €1,924 | ▼ 97.7% |
| Accrued charges and deferred income492/3 | - | €30,602 | €24,948 | €759 | €73,379 | ▲ 9,567% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €351,279 | €205,144 | €170,428 | €598,941 | €880,619 | ▲ 47.0% |
| + Depreciation and write-downs630 | €210,315 | €189,385 | €205,125 | €176,593 | €199,478 | ▲ 13.0% |
| Operating cash flow (approximation) | €561,593 | €394,529 | €375,553 | €775,534 | €1.1m | ▲ 39.3% |
| Investment in fixed assets (approximation) | - | -€126,801 | -€196,222 | -€501,767 | €372,639 | ▲ 174% |
| Change in cash | - | €126,442 | €550,963 | -€1.3m | €220,358 | ▲ 117% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €880,619 ▲47%
Operating result €1.1m, net result €880,619, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 19 days late
2023
31-12
Financial
Equity above €2mEq €2.0m ▲42.2%
4 profitable years in a row build equity to €2.0m.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 19 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
Financial
Back to profitnet €351,279
Net result €351,279 after 2 loss-making years.
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 116 days late
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 71 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 20 acts read
About the unread acts
We know of 20 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
20 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, Antwerpen · 2 establishment units since 2010
Ground area
3,741 m²
Building footprint
1,135 m²
Volume, LiDAR
35,901 m³
2 parcels, Flanders · tallest building 46.7 m, ±13 floors. Linked by address, not a title deed.
32
companies at this address
See who is registered here
2 establishment units
SPIKES
since 20102.195.953.603
SPIKES
since 20152.250.015.166
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1503/00X000 | Flanders | 3,094 m² | 1 · 1,135 m² | 46.7 m · 13 fl. |
| 71323C0310/00B009 | Flanders | 647 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
AXI Holdings Services
18 companies
Group, risk and exposure
Owners and holdings
1 owner · 4 holdingsChain of control
- AXI Holdings Services
- SPIKES
Highest known parent: AXI Holdings Services. The sources do not say who stands above it.
Owners 1
-
80.44%
Holdings 4
- VIBES HRsubsidiarySourceown accounts 202375%
-
60%
-
50%
- Sourceown accounts 202329.41%
According to the 2023 annual accounts of SPIKES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 20,714 EUR awarded · 20,714 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,092 EUR | 2,092 EUR |
| 2024 | 2 | 5,297 EUR | 5,297 EUR |
| 2023 | 2 | 7,932 EUR | 7,932 EUR |
| 2022 | 2 | 5,393 EUR | 5,393 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 17,074 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-05-2002
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477565939
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.