Equity
€603,503 ▲ 33.9%
Spine and Brain Solution has made a profit in every financial year since 2016.
Spine and Brain Solution
Lifetime
9 annual accounts with figures on one time axisGross marginpeak €544,467 (2016)
€222,639▼ 13.7%
Resultpeak €266,698 (2022)
€152,800▲ 2.5%
Equitypeak €638,458 (2021)
€603,503▲ 33.9%
Debts
€315,900▼ 4.1%
Staffpeak 1 FTE (2017)
-not published
Board1 name since 2021
1 directorCOLLIMMO
Documentsfilings and deeds
29-05-202629 days late
2025financial year
Gross margin from €257,849 to €222,639Equity from €450,704 to €603,503
Key points
from the 2025 annual accountsChecked score
93
Excellent
Financially stronger than 45% of micro companies in human health (NACE 86)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 24,173 companies (NACE 86, micro).
Fewer than 1 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: 0.2%▲ +0.1 percentage points vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.4%▲ +0.2 percentage points vs 04-2025highest value
06-2025: 0.1%▼ -0.3 percentage points vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged 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: 0.2%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026
06-2026: 0.1%▼ -0.2 percentage points vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 2.85, cash €6,983
lowers risk
Size: total assets €919,403
Sector: Human health activities (NACE 86)
Figures for financial year 2025 (filed on 30-05-2026)
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 86, micro). It does better than 53% of them on solvency, 8% on liquidity, 44% on profitability and 74% on growth.
The bankruptcy probability was computed on 04-11-2026 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 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 17,811 companies had the same profile as Spine and Brain Solution has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.1%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of Spine and Brain Solution itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 17,811 companies, not a prediction for Spine and Brain Solution. 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 €55,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.85 (2.19 in 2024), above the usual 1.5. Short-term debt is 34.4% and cash 0.8% of total assets. 34.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €603,503
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-05-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filingsDeviation from the deadline
2025
29 days late
2024
6 days late
2023
on the day
2022
2 days late
2021
9 days early
2020
on the day
2019
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 86), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 2 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end05-11-2026 today30-04-2027 deadline
Recent changes
Appointment: COLLIMMO (director)
Permanent representative: Frédéric Collignon · General meeting of 28-04-2022 · Gazette deed
Incorporation
published on 09-04-2015 · Gazette deed
2 establishments registered
Charleroi and Etterbeek
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Spine and Brain Solution Fléron | €0.9m | €222,639 | 65.6% | - |
| Dokter De Kerpel Wim Damme | €0.8m | €216,285 | 57.5% | - |
| Dokter Jo Keepers Pediatrie Maldegem | €0.9m | €236,897 | 42.5% | - |
| DR. WATTEYNE-DE ZAEYTIJD Zedelgem | €0.9m | €230,235 | 63.7% | - |
| Dr. Wouter Van Moerkercke Kortrijk | €1.0m | €244,124 | 48.8% | - |
| Dr. Van Renterghem Debbie Schilde | €0.9m | €228,461 | 96.2% | - |
| DR KARA MEDICAL Charleroi | €0.8m | €206,018 | 45.6% | - |
These companies have the same main activity as Spine and Brain Solution: specialist medical practice (NACE 86220). They are comparable in size and age: total assets between €836,000 and €1m, founded between 2013 and 2016.
Official details
Source: KBO- Status
- Active since 07-04-2015Normal situation
- Activity
- Specialist medical practiceNACE 86220
- Establishment units
- 2.243.864.2776041 Charleroi, since 07-04-2015
- 2.243.864.3761040 Etterbeek, since 07-04-2015
- Financial year end
- 30 September
- Peppol
- Not found in the Peppol Directory
Insights on Spine and Brain Solution
Spine and Brain Solution has existed since 2015. The gross margin fell from €544,467 in 2016 to €189,900 in 2017.
The gross margin has fallen every year since 2022. Solvency rose in 2025 from 57.8% to 65.6% because of the retained profit.
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 Spine and Brain Solution
- What is the company number of Spine and Brain Solution?
- The company number of Spine and Brain Solution is 0627.962.162. The VAT number is the same number with BE in front: BE 0627.962.162.
- Where is Spine and Brain Solution based?
- The registered office is at Rue du Vallon 11, 4624 Fléron.Company details
- What does Spine and Brain Solution do?
- According to the KBO register, the main activity is specialist medical practice (NACE 86220).
- What is the legal form of Spine and Brain Solution?
- Spine and Brain Solution is a private limited company (BV).
- When was Spine and Brain Solution founded?
- Spine and Brain Solution was founded on 07-04-2015.
- Is Spine and Brain Solution still active?
- Yes, Spine and Brain Solution is an active enterprise in the KBO register.
- How many employees does Spine and Brain Solution have?
- Spine and Brain Solution had an average of 0.8 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- What is the turnover of Spine and Brain Solution?
- The turnover in financial year 2025 is ≈ €410,000. This figure is estimated from the gross margin of €222,639 and 42 comparable companies (NACE 86220). It probably lies between €350,000 and €540,000.
- Is Spine and Brain Solution profitable?
- In financial year 2025, Spine and Brain Solution made a profit of €152,800.
- Where can I find the annual accounts of Spine and Brain Solution?
- Spine and Brain Solution filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Spine and Brain Solution due?
- Spine and Brain Solution must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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