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SPIMMO

Active
Cooperative companyfounded 2013active for 12 yearsTenbos 5, 1000 Brussel, BelgiumKBO/BCE: BE 0543.635.015
Summary

SPIMMO has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €568,407 and a net result of -€271. Equity is shrinking by about 5% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Activity not known
Size
€2.9mtotal assets 2025
Equity
€568,407
Loss
-€271
Turnover not published (micro format)
Financial health
88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Board
7 members
Accounts filed 21 days late1 of 10 deeds read
Why 88raises riskLiquidity: current ratio 2.36, cash €22,763, halvedNo establishment unit in the KBOlowers riskSize: total assets €2.9mFigures for financial year 2025 (filed 21-08-2026)Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 36% of its sector peers (no NACE code, small)
Financial strength · tick = 2024
Weak
Solvency 45-1
equity 19.7% of total assets
Liquidity 51-5
short-term debt 2.8% · cash 0.8%
Profitability 37+20
return on assets 0.0%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 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 04-2025lowest value 06-2025: 0.1%● unchanged vs 05-2025lowest value 07-2025: 0.1%● unchanged vs 06-2025lowest value 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 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%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged 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: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.5%▲ +0.3 percentage points vs 07-2026highest value 09-2026: 0.2%▼ -0.3 percentage points vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.36, compared with 5.47 in 2024; short-term debt: 2.8% and cash: 0.8% of total assets), but 80.3% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, small): better than 28% on solvency, 58% on liquidity, 37% on profitability and 23% on growth.

The bankruptcy probability was computed on 10-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €2.9m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 2.36, cash €22,763, halved
NBB · annual accounts
raises risk · No establishment unit in the KBO
KBO · seat and establishments
lowers risk · Figures for financial year 2025 (filed 21-08-2026)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€271
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are in a legal situation other than normal, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
21 days late
2024
120 days early
2023
110 days early
2022
31 days early
2021
86 days early
2020
31 days early
2019
8 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 52 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 May (4 of the last 5 filed years within 55 days of that day).
Companies Code · seven months
Where today falls in the filing period
11-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Resignation: Michel SPEECKAERT (director)Appointments: Grégoire van Zeebroeck (director)…
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€271 View
  • Positive: Result rose in 2025from -€52,005 to -€271 ▲ 99.5% View
  • Board changedlatest change 27-04-2026 · 7 in office 2 joined · 1 left View

By topic

Financials

Financial year
2025
Total assets
€2.9m
Loss
-€271
Solvency
19.7%
Total assets▼ 0.4%
Net result
20182025
Go to Financials

Board & ownership

Board
7 members
  • Grégoire van ZeebroeckDirector
  • Henri FontaineDirector
  • Christophe THIBAUT de MAISIERESDirector
  • FONTAINE BernardDirector
  • Frédéric van der VAERENDirector

and 2 other directors

Go to Board & ownership

Timeline

Events
18
Since
2015
Next accounts
by 31-07-2027
  1. 12-04-2024Annual accounts filed
  2. 30-06-2023Annual accounts filed
  3. 31-12-2022Back to profit
Go to Timeline

Company details

Legal form
Cooperative company
Founded
27-12-2013
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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