SPINDLETOP
ActiveSummary
SPINDLETOP has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €791k and a net result of €70k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 2284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-1
Solvency100=
Growth54=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 24.56 against 18.73 in 2024; short-term debt: 3.5% and cash: 71.2% of total assets), and 3.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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
96.5%
Return on assets
8.5%
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 20-05-2026, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 d early
2024
65 d early
2023
63 d early
2022
14 d early
2021
25 d early
2020
50 d early
2019
28 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€203k▼ 25.6%
2019 · €273k
EBIT margin
22.3%▼ 15.6pp
2019 · 37.8%
Net result
€70k▲ 2.1%
2024 · €69k
Working capital
€666k▲ 21.7%
2024 · €548k
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
Turnover
Operating result€45k▼ 0.2%€123k▲ 172%€81k▼ 34.4%€92k▲ 14.3%€98k▲ 6.0%
Net result€33k=€79k▲ 140%€61k▼ 23.2%€69k▲ 12.4%€70k▲ 2.1%
EBIT margin
Equity€512k▲ 6.9%€592k▲ 15.5%€653k▲ 10.3%€721k▲ 10.5%€791k▲ 9.7%
Total assets€543k▲ 11.3%€637k▲ 17.3%€674k▲ 5.7%€752k▲ 11.7%€820k▲ 9.0%
Debt€31k▲ 268%€45k▲ 48.1%€21k▼ 54.1%€31k▲ 48.3%€28k▼ 8.5%
Working capital€193k▲ 73.5%€321k▲ 66.4%€430k▲ 34.2%€548k▲ 27.2%€666k▲ 21.7%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €820k
Fixed assets
€125k ▼ 28.0%
Current assets
€695k ▲ 20.1%
Equity and liabilities €820k
Equity
€791k ▲ 9.7%
Debt
€28k ▼ 8.5%
Debt's share of the balance-sheet total falls from 4.1% to 3.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€146k▲
2024 · €141k
Cash flow
€119k▲
2024 · €117k
Current ratio
24.56▲
2024 · 18.73
Quick ratio
23.70▲
2024 · 17.94
Debt to equity
0.04▼
2024 · 0.04
ROE
8.8%▼
2024 · 9.5%
ROA
8.5%▼
2024 · 9.1%
Interest coverage
17.51▲
2024 · 12.40
Debt ≤ 1 year
€28k▼
2024 · €31k
Income taxes
€24k▲
2024 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49k | €49k | €49k | €49k | €49k | = |
| Other operating charges640/8 | €635 | €62 | €395 | €842 | €618 | ▼ 26.6% |
| Gross operating margin9900 | €94k | €172k | €130k | €142k | €147k | ▲ 3.8% |
| Operating profit (loss)9901 | €45k | €123k | €81k | €92k | €98k | ▲ 6.0% |
| Financial income75/76B | - | - | €2k | €10k | €4k | ▼ 56.0% |
| Recurring financial income75 | - | - | €2k | €10k | €4k | ▼ 56.0% |
| Financial charges65/66B | €1k | €17k | €1k | €11k | €8k | ▼ 26.4% |
| Recurring financial charges65 | €1k | €17k | €1k | €11k | €8k | ▼ 26.4% |
| Profit (loss) for the period before taxes9903 | €44k | €106k | €82k | €91k | €94k | ▲ 3.2% |
| Income taxes67/77 | €11k | €27k | €21k | €22k | €24k | ▲ 6.4% |
| Profit (loss) for the period9904 | €33k | €79k | €61k | €69k | €70k | ▲ 2.1% |
| Profit (loss) for the period to be appropriated9905 | €33k | €79k | €61k | €69k | €70k | ▲ 2.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €543k | €637k | €674k | €752k | €820k | ▲ 9.0% |
| Fixed assets21/28 | €320k | €271k | €222k | €174k | €125k | ▼ 28.0% |
| Intangible fixed assets21 | €320k | €271k | €222k | €174k | €125k | ▼ 28.0% |
| Current assets29/58 | €223k | €366k | €451k | €579k | €695k | ▲ 20.1% |
| Stocks and contracts in progress3 | €24k | €24k | €24k | €24k | €24k | = |
| Stocks30/36 | €24k | €24k | €24k | €24k | €24k | = |
| Amounts receivable within one year40/41 | €91k | €108k | €97k | €97k | €87k | ▼ 10.8% |
| Trade receivables40 | €73k | €77k | €79k | €93k | €87k | ▼ 6.5% |
| Other amounts receivable41 | €18k | €31k | €17k | €5k | - | - |
| Cash at bank and in hand54/58 | €108k | €234k | €330k | €457k | €583k | ▲ 27.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €543k | €637k | €674k | €752k | €820k | ▲ 9.0% |
| Equity10/15 | €512k | €592k | €653k | €721k | €791k | ▲ 9.7% |
| Contributions10/11 | €63k | €63k | €63k | €63k | €63k | = |
| Capital10 | €63k | €63k | €63k | €63k | €63k | = |
| Issued capital100 | €63k | €63k | €63k | €63k | €63k | = |
| Reserves13 | €449k | €529k | €590k | €658k | €728k | ▲ 10.6% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €443k | €522k | €583k | €652k | €722k | ▲ 10.7% |
| Amounts payable17/49 | €31k | €45k | €21k | €31k | €28k | ▼ 8.5% |
| Amounts payable within one year42/48 | €31k | €45k | €21k | €31k | €28k | ▼ 8.5% |
| Trade debts44 | €22k | €35k | €12k | €16k | €15k | ▼ 5.4% |
| Suppliers440/4 | €22k | €35k | €12k | €16k | €15k | ▼ 5.4% |
| Taxes, remuneration and social security45 | €9k | €11k | €8k | €15k | €13k | ▼ 11.8% |
| Taxes450/3 | €9k | €11k | €8k | €15k | €13k | ▼ 11.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33k | €79k | €61k | €69k | €70k | ▲ 2.1% |
| + Depreciation and write-downs630 | €49k | €49k | €49k | €49k | €49k | = |
| Operating cash flow (approximation) | €82k | €128k | €110k | €117k | €119k | ▲ 1.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €125k | €97k | €127k | €127k | = |
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
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 21.66
Current ratio from 8.07 to 21.66; short-term debt falls from €45k to €21k.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €79k ▲140%
Operating result €123k, net result €79k, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €512k ▲6.9%
4 profitable years in a row build equity to €512k.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 12current ratio 14.34
Current ratio from 1.23 to 14.34; short-term debt falls from €126k to €8k.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Lummen · 1 establishment unit since 2008
Ground area
1,097 m²
Building footprint
593 m²
Volume, LiDAR
5,090 m³
Parcel 71037C1846/00Z000, Flanders · tallest building 14.5 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
SPINDLETOP NV
since 20082.170.731.722
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037C1846/00Z000 | Flanders | 1,097 m² | 1 · 593 m² | 14.5 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.
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DR. CAROLINE VAN HOLSBEKE
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VALEUREUX
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Messancy · Eq €792,970
Of 24,515 companies in sector 82990 we hold annual accounts for 9,408. 5,011 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.