SPin-Up
ActiveSPin-Up has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63k and a net result of €-21k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 6971 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
20
/ 100
Critical▼ -36 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency5▼-44
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.21 against 0.58 in 2024), and 93.2% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 6971 sector peers (2025).
NBB · sector comparisonPosition among 6971 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 8 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
30 d late
2022
31 d late
2021
51 d early
2020
82 d early
2019
12 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€63k▼ 25.0%
2024 · €85k
2018: €14k
2019: €-18k
2020: €-16k
2021: €24k
2022: €21k
2023: €56k
2024: €85k
2018 → 2025
Total assets
€930k▲ 312%
2024 · €226k
2018: €34k
2019: €39k
2020: €61k
2021: €58k
2022: €82k
2023: €109k
2024: €226k
2018 → 2025
Net result
€-21k
2024 · €29k
2018: €8k
2019: €-32k
2020: €2k
2021: €40k
2022: €-3k
2023: €35k
2024: €29k
2018 → 2025
Working capital
€-293k▼ 490%
2024 · €-50k
2018: €14k
2019: €-20k
2020: €-20k
2021: €19k
2022: €-12k
2023: €24k
2024: €-50k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€24k-€21k▼ 12.5%€56k▲ 163%€85k▲ 51.8%€63k▼ 25.0%
Operating result€51k-€1k▼ 97.1%€53k▲ 3,496%€46k▼ 12.9%€-10k
Net result€40k-€-3k€35k€29k▼ 16.3%€-21k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10k after €46k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €930k
Fixed assets
€851k▲ 438%
Current assets
€80k▲ 17.4%
Equity and liabilities €930k
Equity
€63k▼ 25.0%
Debt
€867k▲ 513%
The debt ratio rises from 62.6% to 93.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€125k▲
2024 · €82k
Cash flow
€114k▲
2024 · €65k
Solvency
6.8%▼
2024 · 37.4%
Current ratio
0.21▼
2024 · 0.58
Quick ratio
0.21▼
2024 · 0.58
Debt / equity
13.67▲
2024 · 1.67
ROE
-33.3%▼
2024 · 34.1%
ROA
-2.3%▼
2024 · 12.8%
Interest coverage
10.89▼
2024 · 41.54
Debt
€867k▲
2024 · €141k
Debt ≤ 1 year
€373k▲
2024 · €117k
Debt > 1 year
€494k▲
2024 · €22k
Income taxes
€0▼
2024 · €16k
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€226k€930k▲
Fixed assets21/28€158k€851k▲
Tangible fixed assets22/27€158k€851k▲
Land and buildings22€90k€699k▲
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€61k€147k▲
Current assets29/58€68k€80k▲
Amounts receivable within one year40/41€46k€45k▼
Trade receivables40€38k€45k▲
Other amounts receivable41€8k-
Cash at bank and in hand54/58€19k€33k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€226k€930k▲
Equity10/15€85k€63k▼
Contributions10/11€6k€6k=
Reserves13€64k€64k=
Distributable reserves133€64k€64k=
Profit (loss) carried forward14€15k€-7k▼
Amounts payable17/49€141k€867k▲
Amounts payable after more than one year17€22k€494k▲
Financial debts170/4€22k€489k▲
Other amounts payable178/9-€6k
Amounts payable within one year42/48€117k€373k▲
Current portion of amounts payable after more than one year42€11k€33k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€37k€31k▼
Taxes450/3€37k€31k▼
Other amounts payable47/48€68k€307k▲
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Non-recurring operating income76A€1k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€135k▲
Other operating charges640/8€4k€8k▲
Gross operating margin9900€86k€133k▲
Operating profit (loss)9901€46k€-10k▼
Financial income75/76B€1€1▲
Recurring financial income75€1€1▲
Financial charges65/66B€2k€11k▲
Recurring financial charges65€2k€11k▲
Profit (loss) for the period before taxes9903€44k€-21k▼
Income taxes67/77€16k€0▼
Profit (loss) for the period9904€29k€-21k▼
Profit (loss) for the period to be appropriated9905€29k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€-7k▼
Profit (loss) brought forward from the previous period14P€14k€15k▲
Transfer to equity691/2€28k-
To other reserves6921€28k-
The notes to these accounts (11 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €40k ▲1844%
Net result €40k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.55
Current ratio from 0.74 to 1.55; short-term debt falls from €77k to €34k.
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
31-12
Financial
Weakest financial yearnet €-32k ▼504%
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, La Hulpe · 1 establishment unit since 2018
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.
Avenue Terlinden 571310 La HulpeGround area
4,325 m²
Building footprint
599 m²
Volume, LiDAR
9,930 m³
2 parcels, Brussels, Wallonia · tallest building 27.8 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Spin-Up
since 20182.274.751.354
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0156/00Z000 | Brussels | 2,479 m² | 1 · 410 m² | 27.8 m · 8 fl. |
| 25050F0027/00K027 | Wallonia | 1,847 m² | 1 · 189 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Legal Entity Identifier
9845008BKB80649BCS81
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Of 13,390 companies in sector 73300 we hold annual accounts for 6,881. 5,564 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-04-2018
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.