Equity
€1.6m ▲ 5.7%
SPINE CONCEPT has made a profit in every financial year since 2013.
SPINE CONCEPT
Lifetime
13 annual accounts with figures on one time axispeak €539,232 (2020)
€164,378▼ 21.3%
peak €373,242 (2020)
€87,532▼ 29.9%
peak €1.6m (2025)
€1.6m▲ 5.7%
€253,826▲ 0.5%
peak 1 FTE (2015)
-not published
Board1 name since 2021
1 directorBAS Luc
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Gross margin from €208,962 to €164,378Result from €124,816 to €87,532Investments €107,986Cash from €116,125 to €79,812
Key points
from the 2025 annual accountsInvestments
€107,986 2.9 × depreciation
Green is investment, beige is depreciation.
Filings
13 annual accounts since 2013
Four of the last ten came late. The 2023 accounts came latest: 91 days after the end of the period.
Checked score
92
Excellent
Financially stronger than 66% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 2 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 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
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 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.2%▲ +0.1 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.1%▼ -0.1 percentage points vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026highest value
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 of the last 3 accounts late
Sector: Retail trade (NACE 47)
lowers risk
Founded in 2012
Size: total assets €1.9m
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 47, micro). It does better than 92% of them on solvency, 58% on liquidity, 60% on profitability and 53% on growth.
The bankruptcy probability was computed on 09-11-2026 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 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, 6,049 companies had the same profile as SPINE CONCEPT has now. Each dot stands for 16 companies, two years later.
95.9%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
That fits the bankruptcy probability of SPINE CONCEPT itself: 0.2% 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 6,049 companies, not a prediction for SPINE CONCEPT. 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 €150,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.11 (4.3 in 2024), above the usual 1.5. Short-term debt is 13.4% and cash 4.2% of total assets. 13.4% 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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
31 days early
2023
91 days late
2022
25 days early
2021
37 days early
2020
22 days early
2019
38 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 2 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 6 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
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0849185708
Incorporation
published on 11-10-2012 · Gazette deed
First establishment
Avenue des Bois 2, Esneux
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SPINE CONCEPT Esneux | €1.9m | €164,378 | 86.6% | - |
| 1PopUpStore Mont-Saint-Guibert | €1.6m | €219,575 | -14.8% | 3.2 |
| DAR-DECO Rixensart | €1.9m | €124,387 | 32.7% | - |
| CONVEY Roeselare | €1.3m | €221,562 | 75.6% | - |
| HOANG-TRINH Ixelles | €1.7m | €219,553 | 35.5% | - |
| BOLLIEBOOM Tienen | €1.3m | €129,347 | 76.8% | - |
| Maison Vandepaer & FILS Evere | €1.7m | €321,981 | 29.8% | 3.1 |
These companies have the same main activity as SPINE CONCEPT: other retail sale of new goods (NACE 47789). They are comparable in size and age: total assets between €1.3m and €1.9m, founded between 2008 and 2015.
Official details
Source: KBO- Status
- Active since 02-10-2012Normal situation
- Activity
- Other retail sale of new goodsNACE 47789and 1 other
- Establishment unit
- 2.213.488.4314130 Esneux, since 01-10-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- ≈ €500,000estimated
- €1.9m▲ 4.9%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on SPINE CONCEPT
SPINE CONCEPT files the micro format. That format states no turnover. The gross margin rose from €56,693 in 2013 to €164,378 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 SPINE CONCEPT
- What is the company number of SPINE CONCEPT?
- The company number of SPINE CONCEPT is 0849.185.708. The VAT number is the same number with BE in front: BE 0849.185.708.
- Where is SPINE CONCEPT based?
- The registered office is at Avenue des Bois 2, 4130 Esneux.Company details
- What does SPINE CONCEPT do?
- According to the KBO register, the main activity is other retail sale of new goods (NACE 47789).
- What is the legal form of SPINE CONCEPT?
- SPINE CONCEPT is a private limited company (pre-2019) (BVBA).
- When was SPINE CONCEPT founded?
- SPINE CONCEPT was founded on 02-10-2012.
- Is SPINE CONCEPT still active?
- Yes, SPINE CONCEPT is an active enterprise in the KBO register.
- What is the turnover of SPINE CONCEPT?
- The turnover in financial year 2025 is ≈ €500,000. This figure is estimated from the gross margin of €164,378 and 31 comparable companies (NACE 477). It probably lies between €350,000 and €930,000.Financials
- Is SPINE CONCEPT profitable?
- In financial year 2025, SPINE CONCEPT made a profit of €87,532.
- Where can I find the annual accounts of SPINE CONCEPT?
- SPINE CONCEPT filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SPINE CONCEPT due?
- SPINE CONCEPT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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