Spin42
ActiveSummary
Spin42 has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,956 and a net result of €27,296. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+23
Solvency35▼-62
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.93 against 3.89 in 2024; short-term debt: 85.3% and cash: 44.4% of total assets), and 89.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
10.1%
Return on assets
13.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 17179 sector peers (2025).
NBB · sector comparisonPosition among 17179 sector peers
Solvency
better than 15%
← weakest
strongest →
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
30 d early
2023
34 d early
2022
42 d early
2021
87 d early
2020
59 d early
2019
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 53 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€20,956▼ 85.5%
2024 · €144,660
Total assets
€207,992▲ 3.0%
2024 · €201,850
Net result
€27,296
2024 · -€11,473
Working capital
-€12,993
2024 · €97,064
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€310,656▼ 40.4%€340,113▲ 9.5%€287,243▼ 15.5%-€8,119€42,511
Net result€192,339▼ 55.0%€245,944▲ 27.9%€210,076▼ 14.6%-€11,473€27,296
Equity€20,903▲ 1.6%€66,848▲ 220%€156,134▲ 134%€144,660▼ 7.3%€20,956▼ 85.5%
Total assets€430,993▼ 17.5%€388,054▼ 10.0%€368,040▼ 5.2%€201,850▼ 45.2%€207,992▲ 3.0%
Debt€410,090▼ 18.3%€321,206▼ 21.7%€211,906▼ 34.0%€57,189▼ 73.0%€187,036▲ 227%
Working capital-€21,567▼ 306%€20,663€113,322▲ 448%€97,064▼ 14.3%-€12,993
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: €42,511 after a loss of €8,119 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €207,992
Fixed assets
€43,495 ▼ 38.9%
Current assets
€164,497 ▲ 25.9%
Equity and liabilities €207,992
Equity
€20,956 ▼ 85.5%
Debt
€187,036 ▲ 227%
Debt's share of the balance-sheet total rises from 28.3% to 89.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€70,243▲
2024 · €28,360
Cash flow
€55,028▲
2024 · €25,006
Current ratio
0.93▼
2024 · 3.89
Debt to equity
8.93▲
2024 · 0.40
ROE
130.3%▲
2024 · -7.9%
ROA
13.1%▲
2024 · -5.7%
Interest coverage
51.78▲
2024 · 14.73
Debt ≤ 1 year
€177,490▲
2024 · €33,558
Debt > 1 year
€8,746▼
2024 · €22,831
Income taxes
€14,330▲
2024 · €1,860
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,049 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,378 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,402 | €30,621 | €31,796 | €36,479 | €27,732 | ▼ 24.0% |
| Other operating charges640/8 | €3,117 | €1,189 | €1,075 | €1,058 | €1,094 | ▲ 3.4% |
| Non-recurring operating charges66A | €143,053 | - | - | - | - | - |
| Gross operating margin9900 | €473,227 | €371,922 | €320,115 | €29,418 | €71,337 | ▲ 142% |
| Operating profit (loss)9901 | €310,656 | €340,113 | €287,243 | -€8,119 | €42,511 | ▲ 624% |
| Financial income75/76B | €2 | €0 | €167 | €431 | €472 | ▲ 9.5% |
| Recurring financial income75 | €2 | €0 | €167 | €431 | €472 | ▲ 9.5% |
| Financial charges65/66B | €1,189 | €903 | €2,099 | €1,926 | €1,357 | ▼ 29.5% |
| Recurring financial charges65 | €1,189 | €903 | €2,099 | €1,926 | €1,357 | ▼ 29.5% |
| Profit (loss) for the period before taxes9903 | €309,469 | €339,210 | €285,311 | -€9,614 | €41,626 | ▲ 533% |
| Income taxes67/77 | €117,130 | €93,266 | €75,235 | €1,860 | €14,330 | ▲ 671% |
| Profit (loss) for the period9904 | €192,339 | €245,944 | €210,076 | -€11,473 | €27,296 | ▲ 338% |
| Profit (loss) for the period to be appropriated9905 | €192,339 | €245,944 | €210,076 | -€11,473 | €27,296 | ▲ 338% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €430,993 | €388,054 | €368,040 | €201,850 | €207,992 | ▲ 3.0% |
| Fixed assets21/28 | €79,640 | €108,171 | €85,859 | €71,227 | €43,495 | ▼ 38.9% |
| Intangible fixed assets21 | - | - | €8,545 | €25,008 | €19,059 | ▼ 23.8% |
| Tangible fixed assets22/27 | €65,737 | €94,268 | €69,076 | €36,985 | €15,202 | ▼ 58.9% |
| Plant, machinery and equipment23 | - | €3,881 | €3,030 | €2,179 | €1,328 | ▼ 39.1% |
| Furniture and vehicles24 | €65,737 | €89,290 | €65,178 | €34,166 | €13,463 | ▼ 60.6% |
| Other tangible fixed assets26 | - | €1,096 | €868 | €640 | €412 | ▼ 35.7% |
| Financial fixed assets28 | €13,903 | €13,903 | €8,239 | €9,234 | €9,234 | = |
| Current assets29/58 | €351,353 | €279,883 | €282,180 | €130,622 | €164,497 | ▲ 25.9% |
| Amounts receivable within one year40/41 | €29,473 | €78,576 | €66,763 | €13,699 | €67,422 | ▲ 392% |
| Trade receivables40 | €29,223 | €48,401 | €41,748 | €1,676 | €61,553 | ▲ 3,573% |
| Other amounts receivable41 | €250 | €30,175 | €25,015 | €12,023 | €5,869 | ▼ 51.2% |
| Cash at bank and in hand54/58 | €317,007 | €194,182 | €209,910 | €111,010 | €92,256 | ▼ 16.9% |
| Deferred charges and accrued income490/1 | €4,872 | €7,125 | €5,507 | €5,913 | €4,819 | ▼ 18.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €430,993 | €388,054 | €368,040 | €201,850 | €207,992 | ▲ 3.0% |
| Equity10/15 | €20,903 | €66,848 | €156,134 | €144,660 | €20,956 | ▼ 85.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €443 | €46,388 | €135,674 | €124,200 | €496 | ▼ 99.6% |
| Amounts payable17/49 | €410,090 | €321,206 | €211,906 | €57,189 | €187,036 | ▲ 227% |
| Amounts payable after more than one year17 | €36,052 | €61,186 | €42,248 | €22,831 | €8,746 | ▼ 61.7% |
| Financial debts170/4 | €36,052 | €61,186 | €42,248 | €22,831 | €8,746 | ▼ 61.7% |
| Amounts payable within one year42/48 | €372,920 | €259,221 | €168,858 | €33,558 | €177,490 | ▲ 429% |
| Current portion of amounts payable after more than one year42 | €10,088 | €18,473 | €18,938 | €19,417 | €14,085 | ▼ 27.5% |
| Trade debts44 | €2,534 | - | €4,779 | €5,539 | €1,349 | ▼ 75.6% |
| Suppliers440/4 | €2,534 | - | €4,779 | €5,539 | €1,349 | ▼ 75.6% |
| Taxes, remuneration and social security45 | €77,529 | €70,747 | €42,470 | €8,603 | €42,441 | ▲ 393% |
| Taxes450/3 | €77,529 | €70,747 | €42,470 | €8,603 | €42,441 | ▲ 393% |
| Other amounts payable47/48 | €282,769 | €170,000 | €102,672 | - | €119,615 | - |
| Accrued charges and deferred income492/3 | €1,118 | €800 | €800 | €800 | €800 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €192,339 | €245,944 | €210,076 | -€11,473 | €27,296 | ▲ 338% |
| + Depreciation and write-downs630 | €16,402 | €30,621 | €31,796 | €36,479 | €27,732 | ▼ 24.0% |
| Operating cash flow (approximation) | €208,741 | €276,565 | €241,873 | €25,006 | €55,028 | ▲ 120% |
| Investment in fixed assets (approximation) | - | -€59,151 | -€9,485 | -€21,847 | €0 | ▲ 100% |
| Change in cash | - | -€122,825 | €15,728 | -€98,900 | -€18,754 | ▲ 81.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €27,296
Net result €27,296 after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€11,473
Net result drops to -€11,473, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 3.89
Current ratio from 1.67 to 3.89; short-term debt falls from €168,858 to €33,558.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €156,134 ▲134%
6 profitable years in a row build equity to €156,134.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €427,814 ▲65.1%
Operating result €521,124, net result €427,814, both a record.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Braine-l'Alleud · 1 establishment unit since 2013
Ground area
1,177 m²
Building footprint
105 m²
Volume, LiDAR
813 m³
Parcel 25054B0112/00F002, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Ramelot 41, 1428 Braine-l'Alleud
since 20132.221.662.759
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25054B0112/00F002 | Wallonia | 1,177 m² | 1 · 105 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
22.1%
According to the 2025 annual accounts of Spin42 and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 16,910 companies in sector 62100 we hold annual accounts for 8,778. 5,847 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-08-2013
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63910Web portal activities
77330Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0537535594
Registered
01-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.