SPINAE
ActiveSPINAE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €213k and a net result of €47k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 45% of 2687 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
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
Profitability80▼-18
Solvency65▼-23
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 1.75 against 3.05 in 2024; short-term debt: 45.5% and cash: 17.1% of total assets), but 60.4% 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
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
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
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
39.6%
Return on assets
8.7%
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 18-07-2026, 13 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
13 d early
2024
19 d early
2023
75 d early
2022
29 d early
2021
28 d early
2020
30 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€213k▼ 9.7%
2024 · €236k
2020: €111k
2021: €161k
2022: €197k
2023: €149k
2024: €236k
2020 → 2025
Total assets
€538k▲ 43.2%
2024 · €376k
2020: €136k
2021: €222k
2022: €314k
2023: €522k
2024: €376k
2020 → 2025
Net result
€47k▼ 46.1%
2024 · €87k
2020: €101k
2021: €50k
2022: €36k
2023: €91k
2024: €87k
2020 → 2025
Working capital
€184k▲ 10.3%
2024 · €167k
2020: €105k
2021: €150k
2022: €163k
2023: €138k
2024: €167k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€161k-€197k▲ 22.1%€149k▼ 24.2%€236k▲ 58.3%€213k▼ 9.7%
Operating result€67k-€51k▼ 24.5%€94k▲ 86.0%€106k▲ 11.9%€70k▼ 33.4%
Net result€50k-€36k▼ 28.5%€91k▲ 157%€87k▼ 4.8%€47k▼ 46.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €538k
Fixed assets
€109k▼ 14.6%
Current assets
€429k▲ 72.7%
Equity and liabilities €538k
Equity
€213k▼ 9.7%
Debt
€325k▲ 133%
The debt ratio rises from 37.1% to 60.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€97k▼
2024 · €128k
Cash flow
€74k▼
2024 · €110k
Solvency
39.6%▼
2024 · 62.9%
Current ratio
1.75▼
2024 · 3.05
Quick ratio
1.75▼
2024 · 3.05
Debt / equity
1.52▲
2024 · 0.59
ROE
22.0%▼
2024 · 36.8%
ROA
8.7%▼
2024 · 23.1%
Interest coverage
19.71▼
2024 · 29.78
Debt
€325k▲
2024 · €140k
Debt ≤ 1 year
€245k▲
2024 · €81k
Debt > 1 year
€26k▼
2024 · €39k
Income taxes
€18k▲
2024 · €14k
Staff costs
€340k▲
2024 · €262k
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€376k€538k▲
Formation expenses20€0-
Fixed assets21/28€127k€109k▼
Intangible fixed assets21€447€277▼
Tangible fixed assets22/27€119k€101k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€39k€28k▼
Leasing and similar rights25€30k€23k▼
Other tangible fixed assets26€49k€49k▲
Financial fixed assets28€8k€8k=
Current assets29/58€248k€429k▲
Amounts receivable within one year40/41€114k€308k▲
Trade receivables40€94k€297k▲
Other amounts receivable41€20k€11k▼
Cash at bank and in hand54/58€126k€92k▼
Deferred charges and accrued income490/1€8k€30k▲
Equity and liabilities
Total equity and liabilities10/49€376k€538k▲
Equity10/15€236k€213k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€226k€203k▼
Amounts payable17/49€140k€325k▲
Amounts payable after more than one year17€39k€26k▼
Financial debts170/4€39k€26k▼
Amounts payable within one year42/48€81k€245k▲
Current portion of amounts payable after more than one year42€13k€13k▲
Trade debts44€34k€79k▲
Suppliers440/4€34k€79k▲
Taxes, remuneration and social security45€34k€83k▲
Taxes450/3€16k€51k▲
Remuneration and social security454/9€18k€32k▲
Other amounts payable47/48-€70k
Accrued charges and deferred income492/3€19k€54k▲
Income statement
Code20242025
Remuneration, social security and pensions62€262k€340k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€27k▲
Other operating charges640/8€854€5k▲
Non-recurring operating charges66A€9k-
Gross operating margin9900€400k€442k▲
Operating profit (loss)9901€106k€70k▼
Financial income75/76B€11-
Recurring financial income75€11-
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€101k€65k▼
Income taxes67/77€14k€18k▲
Profit (loss) for the period9904€87k€47k▼
Profit (loss) for the period to be appropriated9905€87k€47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€226k€273k▲
Profit (loss) brought forward from the previous period14P€139k€226k▲
Profit to be distributed694/7-€70k
Return on contributions (dividend)694-€65k
Employees696-€5k
Social balance
Average headcount (FTE)9087-5.4
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
18-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
12-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 3.05
Current ratio from 1.43 to 3.05; short-term debt falls from €317k to €81k.
31-12
Financial
Equity above €200kEq €236k ▲58.3%
5 profitable years in a row build equity to €236k.
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €36k ▼28.5%
Net result drops to €36k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €161k ▲44.7%
2 profitable years in a row build equity to €161k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Gent · 1 establishment unit since 2019
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.
Amelia Earhartlaan 29051 GentGround area
1.5 ha
Building footprint
5,962 m²
Volume, LiDAR
226 m³
Parcel 44062A0312/00C000, Flanders · tallest building 1.8 m. Linked by address, not a title deed.
1 establishment unit
SPINAE
since 20192.292.025.668
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0312/00C000 | Flanders | 1.5 ha | 1 · 5,962 m² | 1.8 m |
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 to 2025 · 5 entries · 30,258 EUR awarded · 17,757 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 27,701 EUR | 15,663 EUR |
| 2024 | 1 | 1,585 EUR | 1,122 EUR |
| 2023 | 1 | 447 EUR | 447 EUR |
| 2022 | 1 | 525 EUR | 525 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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CALIDOS
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 14,518 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-08-2019
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
46500Wholesale of information and communication equipment
46510Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.spinae.be
E-mail:administratie@spinae.be