SPIN 111
ActiveThe computed 12-month bankruptcy probability of SPIN 111 is 1.7% (moderate). The 2025 annual accounts show equity of €182k and a net result of €672. Its solvency ranks better than 95% of 1502 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+63
Solvency100=
Growth78
Track record82
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days only on tighter terms
Liquidity ample (current ratio 51.87; short-term debt: 1.5% and cash: 17.6% of total assets), and 1.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
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
98.5%
Return on assets
0.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
53 d early
2024
51 d early
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€182k▲ 0.4%
2024 · €181k
2024: €181k
2024 → 2025
Total assets
€184k▲ 1.5%
2024 · €182k
2024: €182k
2024 → 2025
Net result
€672
2024 · €-19k
2024: €-19k
2024 → 2025
Working capital
€145k▲ 10.4%
2024 · €131k
2024: €131k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€181k-€182k▲ 0.4%
Operating result€-19k-€767
Net result€-19k-€672
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €767 after a loss of €19k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €184k
Fixed assets
€37k▼ 26.3%
Current assets
€148k▲ 12.0%
Equity and liabilities €184k
Equity
€182k▲ 0.4%
Debt
€3k▲ 279%
The debt ratio rises from 0.4% to 1.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14k▲
2024 · €-6k
Cash flow
€14k▲
2024 · €-6k
Solvency
98.5%▼
2024 · 99.6%
Current ratio
51.87
Quick ratio
51.87
Debt / equity
0.02▲
2024 · 0.00
ROE
0.4%▲
2024 · -10.6%
ROA
0.4%▲
2024 · -10.5%
Interest coverage
144.34▲
2024 · -281.98
Debt
€3k▲
2024 · €753
Debt ≤ 1 year
€3k▲
2024 · €753
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€182k€184k▲
Fixed assets21/28€50k€37k▼
Tangible fixed assets22/27€50k€37k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€47k€35k▼
Current assets29/58€132k€148k▲
Amounts receivable within one year40/41€2k€9k▲
Trade receivables40€2k€9k▲
Current investments50/53€101k€104k▲
Cash at bank and in hand54/58€29k€32k▲
Deferred charges and accrued income490/1€117€3k▲
Equity and liabilities
Total equity and liabilities10/49€182k€184k▲
Equity10/15€181k€182k▲
Contributions10/11€200k€200k=
Profit (loss) carried forward14€-19k€-18k▲
Amounts payable17/49€753€3k▲
Amounts payable within one year42/48€753€3k▲
Trade debts44€145€709▲
Suppliers440/4€145€709▲
Taxes, remuneration and social security45€367€2k▲
Taxes450/3€367€2k▲
Other amounts payable47/48€241€361▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▼
Other operating charges640/8€7k€976▼
Gross operating margin9900€1k€15k▲
Operating profit (loss)9901€-19k€767▲
Financial charges65/66B€21€96▲
Recurring financial charges65€21€96▲
Profit (loss) for the period before taxes9903€-19k€672▲
Profit (loss) for the period9904€-19k€672▲
Profit (loss) for the period to be appropriated9905€-19k€672▲
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-18k▲
Profit (loss) brought forward from the previous period14P-€-19k
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €672
Net result €672 after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2024
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.
Place des Giroflées 61348 Ottignies-Louvain-la-NeuveGround area
404 m²
Building footprint
92 m²
Volume, LiDAR
654 m³
Parcel 25386B0081/00V003, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Stéphanie Piette
since 20242.355.062.109
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25386B0081/00V003 | Wallonia | 404 m² | 1 · 92 m² | 8.3 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.
Similar companies · same sector, comparable size
SPEED LOC
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AB LOC
BE 0802.833.564
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Manit
BE 0877.714.101
Meise · Eq €184k
CLEANING SERVICES
BE 0439.911.232
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Of 1,442 companies in sector 77110 we hold annual accounts for 726. 474 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-2023
Fiscal year end31-12
Activities, NACEBEL
77110Renting and leasing of cars and light motor vehicles
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.spin111.be
E-mail:spin@spin111.be