Financials
- Fiscal year
- 2025
- Total assets
- €101,586
- Profit
- €41,841
- Solvency
- 94.4%
Total assets▲ 62.4%
Net result
20242025
SpineO
ActiveSummary
SpineO has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95,871 and a net result of €41,841. The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Activity not known1 site
Size
€101,586total assets 2025
- Equity
- €95,871
- Profit
- €41,841
Turnover not published (abridged schema)
Structure
Accounts 45 d early0 of 1 deed read
Why 88- Founded in 2023+ Liquidity: current ratio 17.43, cash €56,872+ Size: total assets €101,586+ Equity €95,871 (94.4% of total assets)Show the evidence
Checked score
Score 2025
88
/ 100
Excellent
Probability in this band: under 0.55%
Better than 89% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
100=
equity 94.4% of total assets
Liquidity
100+8
short-term debt 5.6% · cash 56.0%
Profitability
100=
return on assets 41.2%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 16 months
07-2025: 3.6%highest value
08-2025: 3.6%● 0.0% vs 07-2025highest value
09-2025: 3.5%▼ -2.6% vs 08-2025
10-2025: 3.4%▼ -1.1% vs 09-2025
11-2025: 1.2%▼ -64.9% vs 10-2025
12-2025: 1.2%▼ -2.0% vs 11-2025
01-2026: 1.4%▲ +17.0% vs 12-2025
02-2026: 1.4%▲ +2.9% vs 01-2026
03-2026: 1.4%▼ -0.6% vs 02-2026
04-2026: 1.4%▲ +2.2% vs 03-2026
05-2026: 1.5%▲ +1.5% vs 04-2026
06-2026: 1.5%▲ +0.7% vs 05-2026
07-2026: 0.4%▼ -74.3% vs 06-2026
08-2026: 0.4%▼ -0.5% vs 07-2026lowest value
09-2026: 0.4%▲ +7.7% vs 08-2026
10-2026: 0.4%● 0.0% vs 09-2026
- Liquidity: current ratio 17.43, cash €56,872 lowers the probability
- Founded in 2023 raises the probability for this profile
- Size: total assets €101,586 lowers the probability for this profile
- Equity €95,871 (94.4% of total assets) lowers the probability
Credit up to €8,000 at 30 days only on tighter terms
Liquidity ample (current ratio 17.43 against 8.15 in 2024; short-term debt: 5.6% and cash: 56% of total assets), and 5.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 81%, liquidity 95%, profitability 90%, growth against the median 90%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 16-06-2026, 45 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
45 d early
2024
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 8 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Liquidity doublescurrent ratio 17.43
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 3
- Since
- 2025
- Next accounts
- by 31-07-2027
- 16-06-2026Annual accounts filed
- 31-12-2025Liquidity doubles
- 29-09-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Founded
- 19-12-2023
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
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