Equity
€2.1m ▲ 24.5%
Spillebeen has made a profit in every financial year since 2007.
Spillebeen
Lifetime
19 annual accounts with figures on one time axis, 48 filings since 1978peak €773,252 (2025)
€773,252▲ 2.8%
peak €421,603 (2025)
€421,603▲ 2.9%
peak €2.1m (2025)
€2.1m▲ 24.5%
€99,736▼ 10.3%
peak 8.5 FTE (2010)
4 FTE▼ 2.4%
Board5 names since 2018
1 directorLAGACO
Owners2 names in the annual accounts
100%Vervaeke Fibers
Documentsfilings and deeds
30-01-20261 day before the deadline
2025abbreviated format
Registered office moved from Izegem to Wielsbeke 24-09Equity from €1.7m to €2.1mCash from €892,291 to €1.6m
Key points
from the 2025 annual accountsInvestments
€17,764 1.6 × depreciation
Green is investment, beige is depreciation.
Staff
4 FTE from 8.5 in 2010
Between 2010 and 2025, 53% of the full-time equivalents disappeared.
Filings
48 annual accounts since 1978
The last five annual accounts were filed 1 to 70 days before the end of the period.
Board
1 joined · 1 left
Board changed. Latest change 20-04-2026 · 1 in office.
Position in the sector
95.6%
Higher solvency than 93% of companies in textiles. Sector median 48.0% · 200 companies.
Checked score
99
Excellent
Financially stronger than 88% of micro companies in textiles (NACE 13)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 496 companies (NACE 13, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: 0.1%▲ +0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026highest value
03-2026: < 0.1%▼ -0.1 percentage points vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 22.15, cash €1.6m
Equity €2.1m (95.6% of total assets)
Sector: Manufacture of textiles (NACE 13)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 13, micro). It does better than 88% of them on solvency, 98% on liquidity, 86% on profitability and 82% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as Spillebeen has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Spillebeen itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for Spillebeen. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €210,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 22.15 (16.45 in 2024), above the usual 1.5. Short-term debt is 4.4% and cash 72.1% of total assets. 4.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
58 days early
2023
55 days early
2022
41 days early
2021
70 days early
2020
41 days early
2019
22 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 41 days before the deadline. In the sector (NACE 13), the median for financial year 2024 was 13 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 7 December (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Board and ownership
TC
The Circular Fiber Group BV
Director, Emanual Lagast
- Vervaeke Fibers 100%score 97equity €11.2m (2025) · 2025 annual accounts of Vervaeke Fibers
Recent changes
New sole director
The Circular Fiber Group BV appointed, Lagaco BV resigned · Director discharge: Lagaco BV · General meeting of 20-04-2026 · Gazette deed
New sole director
The Circular Fiber Group BV appointed, Lagaco BV resigned · Permanent representatives: Emanuel Lagast and Emanual Lagast · Director discharge: Lagaco BV · General meeting of 20-04-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0402755678
Registered office moved from Izegem to Wielsbeke
New registered office: Rijksweg 442 bus B3, 8710 Wielsbeke · Previous registered office: Abelestraat 10, 8870 Izegem · Appointment: Lagaco BV (director) · General meeting of 28-03-2025 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as Spillebeen: manufacture of textiles (NACE 13100). They are comparable in size and age: total assets between €1.7m and €7.9m, founded between 1949 and 1979.
Official details
Source: KBO- Status
- Active since 27-04-1955Normal situation
- Activity
- Manufacture of textilesNACE 13100
- Joint committees
- 200Auxiliary committee for white-collar workers
- 144Agriculture · annual accounts 30-06-2025
- Establishment unit
- 2.004.337.2298870 Izegem, since 01-04-1955
- Financial year end
- 30 June
- Peppol
- Reachable since 30-12-2025
Annual accounts to 30-06-2025
- ≈ €1.8mestimated
- €2.2m▲ 22.4%
- Employeeson 30-06-2025
- 4=
- Filing
- Filed on 30-01-2026, 1 day before the end of the filing period
Insights on Spillebeen
Spillebeen files the abbreviated format. That format states no turnover. The gross margin rose from €657,771 in 2007 to €773,252 in 2025.
Vervaeke Fibers holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Spillebeen
- What is the company number of Spillebeen?
- The company number of Spillebeen is 0402.755.678. The VAT number is the same number with BE in front: BE 0402.755.678.
- Where is Spillebeen based?
- The registered office is at Rijksweg 442, 8710 Wielsbeke.Company details
- What does Spillebeen do?
- According to the KBO register, the main activity is manufacture of textiles (NACE 13100).
- What is the legal form of Spillebeen?
- Spillebeen is a public limited company (NV).
- When was Spillebeen founded?
- Spillebeen was founded on 27-04-1955.
- Is Spillebeen still active?
- Yes, Spillebeen is an active enterprise in the KBO register.
- How many employees does Spillebeen have?
- Spillebeen had an average of 4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Spillebeen fall under?
- In its 30-06-2025 annual accounts, Spillebeen states joint committees 200 (Auxiliary committee for white-collar workers) and 144 (Agriculture).
- What is the turnover of Spillebeen?
- The turnover in financial year 2025 is ≈ €1.8m. This figure is estimated from the gross margin of €773,252 and 2,275 comparable companies of the same size. It probably lies between €1.1m and €3.1m. It is a rough estimate.
- Is Spillebeen profitable?
- In financial year 2025, Spillebeen made a profit of €421,603.
- Where can I find the annual accounts of Spillebeen?
- Spillebeen filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Spillebeen due?
- Spillebeen must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.