SPINE ENDO
ActiveSPINE ENDO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.32M and a net result of €307k. Equity is growing by ~43% per year across the filed fiscal years. Its solvency ranks better than 77% of 16527 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 16.54 against 7.65 in 2024; short-term debt: 3.8% and cash: 13% of total assets), and 14.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
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
85.5%
Return on assets
19.9%
Age of the figures
9 mo
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
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
38 d early
2023
9 d early
2022
22 d late
2021
22 d late
2020
55 d late
2019
42 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.32M▲ 30.3%
2024 · €1.01M
2018: €45k
2019: €74k
2020: €183k
2021: €349k
2022: €554k
2023: €784k
2024: €1.01M
2018 → 2025
Total assets
€1.54M▲ 21.9%
2024 · €1.27M
2018: €527k
2019: €497k
2020: €538k
2021: €669k
2022: €863k
2023: €1.07M
2024: €1.27M
2018 → 2025
Net result
€307k▲ 22.4%
2024 · €251k
2018: €34k
2019: €30k
2020: €110k
2021: €167k
2022: €206k
2023: €230k
2024: €251k
2018 → 2025
Working capital
€920k▲ 55.6%
2024 · €591k
2018: €81k
2019: €134k
2020: €226k
2021: €454k
2022: €656k
2023: €340k
2024: €591k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€349k-€554k▲ 58.7%€784k▲ 41.4%€1.01M▲ 29.2%€1.32M▲ 30.3%
Operating result€253k-€285k▲ 12.7%€321k▲ 12.6%€367k▲ 14.2%€456k▲ 24.2%
Net result€167k-€206k▲ 23.1%€230k▲ 12.0%€251k▲ 8.8%€307k▲ 22.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.54M
Fixed assets
€563k▼ 3.8%
Current assets
€980k▲ 44.0%
Equity and liabilities €1.54M
Equity
€1.32M▲ 30.3%
Provisions
€164k=
Debt
€59k▼ 33.4%
The debt ratio falls from 7.0% to 3.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€487k▲
2024 · €405k
Cash flow
€338k▲
2024 · €288k
Solvency
85.5%▲
2024 · 80.0%
Current ratio
16.54▲
2024 · 7.65
Quick ratio
16.54▲
2024 · 7.65
Debt / equity
0.04▼
2024 · 0.09
ROE
23.3%▼
2024 · 24.7%
ROA
19.9%▲
2024 · 19.8%
Interest coverage
1480.21▼
2024 · 3112.63
Debt
€59k▼
2024 · €89k
Debt ≤ 1 year
€59k▼
2024 · €89k
Income taxes
€159k▲
2024 · €122k
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€1.27M€1.54M▲
Fixed assets21/28€585k€563k▼
Tangible fixed assets22/27€585k€563k▼
Land and buildings22€575k€547k▼
Furniture and vehicles24€9k€15k▲
Other tangible fixed assets26€827€658▼
Current assets29/58€680k€980k▲
Amounts receivable within one year40/41€204k€218k▲
Trade receivables40€204k€218k▲
Current investments50/53€300k€551k▲
Cash at bank and in hand54/58€174k€200k▲
Deferred charges and accrued income490/1€2k€10k▲
Equity and liabilities
Total equity and liabilities10/49€1.27M€1.54M▲
Equity10/15€1.01M€1.32M▲
Contributions10/11€12k€12k=
Reserves13€1.00M€1.31M▲
Tax-exempt reserves132€246k€131k▼
Distributable reserves133€754k€1.18M▲
Profit (loss) carried forward14-€0
Provisions and deferred taxes16€164k€164k=
Provisions for liabilities and charges160/5€164k€164k=
Pensions and similar obligations160€164k€164k=
Amounts payable17/49€89k€59k▼
Amounts payable within one year42/48€89k€59k▼
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Taxes, remuneration and social security45€34k€40k▲
Taxes450/3€34k€40k▲
Other amounts payable47/48€50k€13k▼
Income statement
Code20242025
Non-recurring operating income76A€500-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€32k▼
Other operating charges640/8€11k€5k▼
Non-recurring operating charges66A€10k-
Gross operating margin9900€426k€492k▲
Operating profit (loss)9901€367k€456k▲
Financial income75/76B€5k€10k▲
Recurring financial income75€5k€10k▲
Non-recurring financial income76B-€0
Financial charges65/66B€130€329▲
Recurring financial charges65€130€329▲
Non-recurring financial charges66B-€0
Profit (loss) for the period before taxes9903€372k€466k▲
Income taxes67/77€122k€159k▲
Profit (loss) for the period9904€251k€307k▲
Transfer from tax-exempt reserves789-€116k
Profit (loss) for the period to be appropriated9905€251k€423k▲
Appropriation of the result
Profit (loss) to be appropriated9906€251k€423k▲
Transfer from equity791/2€21k€227▼
Transfer to equity691/2€251k€423k▲
To other reserves6921€251k€423k▲
Profit to be distributed694/7€21k€227▼
Return on contributions (dividend)694€21k€227▼
The notes to these accounts (9 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €307k ▲22.4%
Operating result €456k, net result €307k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 16.54
Current ratio from 7.65 to 16.54; short-term debt falls from €89k to €59k.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.01M ▲29.2%
7 profitable years in a row build equity to €1.01M.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Equity above €500kEq €554k ▲58.7%
5 profitable years in a row build equity to €554k.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Equity above €200kEq €349k ▲91%
4 profitable years in a row build equity to €349k.
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
31-12
Financial
Equity above €150kEq €183k ▲149%
3 profitable years in a row build equity to €183k.
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
2019
31-12
Financial
Weakest financial yearnet €30k ▼12.2%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Antwerpen · 1 establishment unit since 2005
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.
Frankrijklei 52000 AntwerpenGround area
2,975 m²
Building footprint
2,664 m²
Volume, LiDAR
106,871 m³
Parcel 11808H1294/00A000, Flanders · tallest building 93.2 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Frankrijklei 5, 2000 Antwerpen
since 20052.229.341.201
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1294/00A000 ProtectedMonument · Townscape or village viewSite Vlaamse Opera, schermenmagazijn en hotel WagnerSource ↗ |
Flanders | 2,975 m² | 1 · 2,664 m² | 93.2 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Legal Entity Identifier
6994002MYL93VKSG6185
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Of 16,628 companies in sector 86220 we hold annual accounts for 7,973. 5,385 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-04-2002
Fiscal year end31-12
Activities, NACEBEL
86220Specialist medical practice
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.