SPILSTEYNS
ActiveSPILSTEYNS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149k and a net result of €13k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 70% of 7318 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
91
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▲+33
Solvency98▼-1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 1.95 against 2.14 in 2024), and 37.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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 2025Solvency, return and age of the figures
Solvency
62.4%
Return on assets
5.3%
Age of the figures
8 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 14-08-2026, 14 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
14 d late
2024
11 d late
2023
27 d late
2022
3 d early
2021
22 d late
2020
27 d late
2019
31 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€149k▼ 2.1%
2024 · €152k
2018: €121k
2019: €133k
2020: €156k
2021: €175k
2022: €177k
2023: €184k
2024: €152k
2018 → 2025
Total assets
€238k▼ 4.5%
2024 · €250k
2018: €180k
2019: €222k
2020: €243k
2021: €301k
2022: €300k
2023: €253k
2024: €250k
2018 → 2025
Net result
€13k▲ 319%
2024 · €3k
2018: €26k
2019: €13k
2020: €24k
2021: €20k
2022: €2k
2023: €8k
2024: €3k
2018 → 2025
Working capital
€83k▼ 17.6%
2024 · €101k
2018: €76k
2019: €76k
2020: €65k
2021: €43k
2022: €64k
2023: €112k
2024: €101k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€175k-€177k▲ 0.7%€184k▲ 4.2%€152k▼ 17.4%€149k▼ 2.1%
Operating result€26k-€5k▼ 80.6%€16k▲ 212%€7k▼ 58.2%€19k▲ 186%
Net result€20k-€2k▼ 90.3%€8k▲ 319%€3k▼ 63.6%€13k▲ 319%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 186% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €238k
Fixed assets
€68k▲ 12.4%
Current assets
€171k▼ 9.8%
Equity and liabilities €238k
Equity
€149k▼ 2.1%
Provisions
€272▼ 51.2%
Debt
€89k▼ 8.0%
The debt ratio falls from 38.9% to 37.4%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€43k▲
2024 · €37k
Cash flow
€37k▲
2024 · €34k
Solvency
62.4%▲
2024 · 60.9%
Current ratio
1.95▼
2024 · 2.14
Quick ratio
1.92▼
2024 · 2.08
Debt / equity
0.60▼
2024 · 0.64
ROE
8.5%▲
2024 · 2.0%
ROA
5.3%▲
2024 · 1.2%
Interest coverage
24.58▼
2024 · 31.75
Debt
€89k▼
2024 · €97k
Debt ≤ 1 year
€88k▼
2024 · €88k
Debt > 1 year
€675▼
2024 · €9k
Income taxes
€5k▲
2024 · €3k
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€250k€238k▼
Fixed assets21/28€60k€68k▲
Tangible fixed assets22/27€60k€68k▲
Plant, machinery and equipment23€42k€26k▼
Furniture and vehicles24€19k€41k▲
Current assets29/58€189k€171k▼
Stocks and contracts in progress3€5k€3k▼
Stocks30/36€5k€3k▼
Amounts receivable within one year40/41€15k€7k▼
Trade receivables40€4k€1k▼
Other amounts receivable41€12k€6k▼
Cash at bank and in hand54/58€163k€155k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€250k€238k▼
Equity10/15€152k€149k▼
Contributions10/11€13k€13k=
Reserves13€46k€44k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€4k€3k▼
Distributable reserves133€40k€39k▼
Profit (loss) carried forward14€93k€93k▼
Provisions and deferred taxes16€558€272▼
Deferred taxes168€558€272▼
Amounts payable17/49€97k€89k▼
Amounts payable after more than one year17€9k€675▼
Financial debts170/4€9k€675▼
Amounts payable within one year42/48€88k€88k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€272€1k▲
Suppliers440/4€272€1k▲
Taxes, remuneration and social security45€2k€1k▼
Taxes450/3€2k€1k▼
Other amounts payable47/48€79k€77k▼
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€25k▼
Other operating charges640/8€821€797▼
Gross operating margin9900€38k€44k▲
Operating profit (loss)9901€7k€19k▲
Financial income75/76B-€15
Recurring financial income75-€15
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€5k€17k▲
Transfer from deferred taxes780€286€286=
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€3k€13k▲
Transfer from tax-exempt reserves789€857€857=
Profit (loss) for the period to be appropriated9905€4k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€97k€107k▲
Profit (loss) brought forward from the previous period14P€93k€93k▲
Transfer from equity791/2€35k€15k▼
Transfer to equity691/2€4k€14k▲
To other reserves6921€4k€14k▲
Profit to be distributed694/7€35k€16k▼
Return on contributions (dividend)694€35k€16k▼
The notes to these accounts (8 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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 3.25
Current ratio from 1.56 to 3.25; short-term debt falls from €114k to €50k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €2k ▼90.3%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €150kEq €156k ▲17.1%
3 profitable years in a row build equity to €156k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
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, Kortenaken · 1 establishment unit since 2008
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.
Gelbergenstraat 913471 KortenakenGround area
847 m²
Building footprint
472 m²
Volume, LiDAR
2,673 m³
Parcel 24042A0201/00W000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Spilsteyns
since 20082.174.578.662
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24042A0201/00W000 | Flanders | 847 m² | 1 · 472 m² | 7.3 m · 2 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 · 1 entry · 30 EUR awarded · 30 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 30 EUR | 30 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,531 companies in sector 41001 we hold annual accounts for 15,868. 12,518 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-09-2008
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43320Joinery installation
43910Bricklaying and masonry work
43994Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.