SPINE
ActiveSPINE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.05M and a net result of €180k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 87% of 31523 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
98
/ 100
Excellent▼ -2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+32
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 8.18 against 11.35 in 2024), and 11.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
88.8%
Return on assets
15.2%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 21-01-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
2 d early
2023
2 d early
2022
on the day
2021
on the day
2020
16 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.05M▼ 14.5%
2024 · €1.23M
2019: €995k
2020: €1.04M
2021: €1.12M
2022: €1.00M
2023: €1.12M
2024: €1.23M
2019 → 2025
Total assets
€1.18M▼ 11.5%
2024 · €1.34M
2019: €1.10M
2020: €1.09M
2021: €1.19M
2022: €1.13M
2023: €1.26M
2024: €1.34M
2019 → 2025
Net result
€180k▲ 35.2%
2024 · €133k
2019: €551k
2020: €46k
2021: €92k
2022: €39k
2023: €127k
2024: €133k
2019 → 2025
Working capital
€939k▼ 14.6%
2024 · €1.10M
2019: €861k
2020: €922k
2021: €972k
2022: €864k
2023: €983k
2024: €1.10M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.12M-€1.00M▼ 10.3%€1.12M▲ 12.0%€1.23M▲ 9.3%€1.05M▼ 14.5%
Operating result€204k-€108k▼ 47.1%€253k▲ 135%€257k▲ 1.5%€273k▲ 6.6%
Net result€92k-€39k▼ 57.6%€127k▲ 227%€133k▲ 4.5%€180k▲ 35.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 7% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.18M
Fixed assets
€113k▼ 14.1%
Current assets
€1.07M▼ 11.2%
Equity and liabilities €1.18M
Equity
€1.05M▼ 14.5%
Debt
€133k▲ 22.8%
The debt ratio rises from 8.1% to 11.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€299k▲
2024 · €280k
Cash flow
€206k▲
2024 · €157k
Solvency
88.8%▼
2024 · 91.9%
Current ratio
8.18▼
2024 · 11.35
Quick ratio
8.18▼
2024 · 11.35
Debt / equity
0.13▲
2024 · 0.09
ROE
17.1%▲
2024 · 10.8%
ROA
15.2%▲
2024 · 9.9%
Interest coverage
6.38▲
2024 · 4.08
Debt
€133k▲
2024 · €108k
Debt ≤ 1 year
€131k▲
2024 · €106k
Debt > 1 year
€2k=
2024 · €2k
Income taxes
€93k▲
2024 · €57k
Staff costs
€136k▲
2024 · €92k
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€1.34M€1.18M▼
Fixed assets21/28€131k€113k▼
Tangible fixed assets22/27€122k€112k▼
Land and buildings22€71k€64k▼
Furniture and vehicles24€35k€35k=
Other tangible fixed assets26€16k€13k▼
Financial fixed assets28€9k€435▼
Current assets29/58€1.21M€1.07M▼
Amounts receivable within one year40/41€73k€146k▲
Trade receivables40€73k€146k▲
Current investments50/53€851k€350k▼
Cash at bank and in hand54/58€269k€552k▲
Deferred charges and accrued income490/1€12k€22k▲
Equity and liabilities
Total equity and liabilities10/49€1.34M€1.18M▼
Equity10/15€1.23M€1.05M▼
Contributions10/11€6k€6k=
Reserves13€1.16M€981k▼
Tax-exempt reserves132€193k€147k▼
Distributable reserves133€970k€834k▼
Profit (loss) carried forward14€59k€63k▲
Amounts payable17/49€108k€133k▲
Amounts payable after more than one year17€2k€2k=
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€106k€131k▲
Trade debts44€5k€26k▲
Suppliers440/4€5k€26k▲
Taxes, remuneration and social security45€44k€57k▲
Taxes450/3€36k€40k▲
Remuneration and social security454/9€8k€17k▲
Other amounts payable47/48€57k€48k▼
Income statement
Code20242025
Remuneration, social security and pensions62€92k€136k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€26k▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€377k€439k▲
Operating profit (loss)9901€257k€273k▲
Financial income75/76B€2k€46k▲
Recurring financial income75€2k€46k▲
Financial charges65/66B€69k€47k▼
Recurring financial charges65€69k€47k▼
Profit (loss) for the period before taxes9903€190k€273k▲
Income taxes67/77€57k€93k▲
Profit (loss) for the period9904€133k€180k▲
Transfer from tax-exempt reserves789-€46k
Transfer to tax-exempt reserves689€59k-
Profit (loss) for the period to be appropriated9905€74k€226k▲
Appropriation of the result
Profit (loss) to be appropriated9906€152k€285k▲
Profit (loss) brought forward from the previous period14P€78k€59k▼
Transfer from equity791/2-€345k
Transfer to equity691/2€64k€209k▲
To other reserves6921€64k€209k▲
Profit to be distributed694/7€29k€358k▲
Return on contributions (dividend)694€19k€345k▲
Employees696€10k€13k▲
The notes to these accounts (10 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
21-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €39k ▼57.6%
Net result drops to €39k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
30-06
Financial
Liquidity doublescurrent ratio 20.69
Current ratio from 9.13 to 20.69; short-term debt falls from €106k to €47k.
30-06
Financial
Equity above €1MEq €1.04M ▲4.6%
2 profitable years in a row build equity to €1.04M.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 13 days late
2016
23-12
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.
Directors · office · real estate
Directors
3 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, Ukkel · 2 establishment units since 2006
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.
Geleytsbeekstraat 2321180 UkkelGround area
1,483 m²
Building footprint
553 m²
Volume, LiDAR
5,864 m³
2 parcels, Brussels · tallest building 24.3 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
SPINE
since 20062.299.597.509
SPINE
since 20172.274.114.718
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0211/00Z011 | Brussels | 840 m² | 1 · 421 m² | 24.3 m · 5 fl. |
| 21614E0216/00B005 | Brussels | 642 m² | 1 · 132 m² | 6.2 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900MKTLMW9XEU7686
Similar companies · same sector, comparable size
ADJUVANS
BE 0668.392.653
Ieper · Eq €1.05M
FAIR WAY
BE 0833.786.264
Jodoigne · Eq €1.05M
VETO Consulting & Coaching
BE 0849.995.558
Antwerpen · Eq €1.05M
SOCADAN
BE 0840.602.988
Kortrijk · Eq €1.05M
Joint Dynamics
BE 0882.014.961
Destelbergen · Eq €1.05M
Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 27,236 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-11-2002
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
68310Real estate agency activities
68311Real estate activities
68321Property management for co-owned buildings (syndics)
68322Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.