Equity
€213,209 ▼ 9.7%
SPINAE paid out €65,000 in dividends. That is 139% of the 2025 profit.
SPINAE
Lifetime
6 annual accounts with figures on one time axispeak €441,973 (2025)
€441,973▲ 10.5%
peak €101,467 (2020)
€46,907▼ 46.1%
peak €236,176 (2024)
€213,209▼ 9.7%
€324,676▲ 133%
peak 5.4 FTE (2025)
5.4 FTE
Board10 names since 2021
3 directorsConstelaris and 2 others
Documentsfilings and deeds
18-07-202613 days before the deadline
2025abbreviated format
Result from €86,974 to €46,907Registered office moved from Kortrijk to Gent Amelia Earhartlaan 19-08Dividend €65,000Debts from €139,564 to €324,676
Key points
from the 2025 annual accountsTurnover
≈ €1.2m estimated
The accounts state no turnover.
Debts
€324,676 ▲ 133%
Debts rose by €185,112 in 2025.
Staff
8 employees on 31-12-2025
In 2025, 6 people joined and 2 left.
Filings
6 annual accounts since 2020
The last five annual accounts were filed 13 to 75 days before the end of the period.
At the same address
72 companies
Checked score
79
Excellent
Financially stronger than 32% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,925 companies (NACE 62, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
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 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: 0.1%▲ +0.1 percentage points 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: 0.1%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.5%● unchanged vs 08-2026highest value
10-2026: 0.5%● unchanged vs 09-2026highest value
11-2026: 0.5%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Size: 5.4 FTE, total assets €537,885
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 1.75, cash €91,860
Calculation
The band follows from the bankruptcy probability. 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 (NACE 62, micro). It does better than 35% of them on solvency, 24% on liquidity, 39% on profitability and 31% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as SPINAE has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SPINAE itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for SPINAE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €16,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.75 (3.05 in 2024), above the usual 1.5. Short-term debt is 45.5% and cash 17.1% of total assets. However, 60.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
19 days early
2023
75 days early
2022
29 days early
2021
28 days early
2020
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 32 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed 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 3 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0732495597
Registered office moved from Kortrijk to Gent Amelia Earhartlaan
New registered office: 9051 Gent Amelia Earhartlaan 2 · Previous registered office: 8500 Kortrijk Volksv.Tahonstraat 6 8500 Kortrijk · Resignation: SPINAE KORTRIJK (director) · General meeting of 10-07-2025 · Gazette deed
Resignation: BV Spinae Gent (director)
Permanent representative: Mattias Dewulf · General meeting of 17-04-2024 · Gazette deed
2 directors appointed, 2 resignations
Resignations: BoussemaereStijn and DewulfMattias · Appointments: SpinaeKortrijkBV and SpinaeGentBV · Permanent representatives: BoussemaereStijn and DewulfMattias · General meeting of 02-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SPINAE Ghent | - | - | 39.6% | 5.4 |
| Integri Beveren-Kruibeke-Zwijndrecht | - | - | 43.4% | 5.2 |
| Codeshare Oostkamp | - | - | 83.4% | 4.8 |
| Specified Kontich | €2.7m | 4.1% | 19.1% | 5 |
| GDC Networks Ghent | - | - | 16.8% | 4.9 |
| LabLife Kontich | €0.8m | -22.6% | -18.7% | 7.4 |
| Skills4you Kasterlee | - | - | 20.8% | 6.9 |
These companies have the same main activity as SPINAE: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €476,000 and €661,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 09-08-2019Normal situation
- Registered office
- 73 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 1 other
- Establishment unit
- 2.292.025.6689051 Ghent, since 09-08-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 13-04-2026
Annual accounts 2025
- €537,885▲ 43.2%
- Employeeson 31-12-2025
- 8▲ 100%
- Filing
- Filed on 18-07-2026, 13 days before the end of the filing period
Insights on SPINAE
SPINAE files the abbreviated format. That format states no turnover. The gross margin rose from €145,854 in 2020 to €441,973 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SPINAE
- What is the company number of SPINAE?
- The company number of SPINAE is 0732.495.597. The VAT number is the same number with BE in front: BE 0732.495.597.
- Where is SPINAE based?
- The registered office is at Amelia Earhartlaan 2, 9051 Ghent.Company details
- What does SPINAE do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of SPINAE?
- SPINAE is a private limited company (BV).
- When was SPINAE founded?
- SPINAE was founded on 09-08-2019.
- Is SPINAE still active?
- Yes, SPINAE is an active enterprise in the KBO register.
- How many employees does SPINAE have?
- SPINAE had an average of 5.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of SPINAE?
- The turnover in financial year 2025 is ≈ €1.2m. This figure is estimated from the gross margin of €441,973 and 132 comparable companies (NACE 62200). It probably lies between €800,000 and €1.9m.
- Is SPINAE profitable?
- In financial year 2025, SPINAE made a profit of €46,907.
- Where can I find the annual accounts of SPINAE?
- SPINAE filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SPINAE due?
- SPINAE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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