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SPINEUX-CONDROZ SA

Active
Public limited companyfounded 2023active for 3 yearsRue de Flémalle-Grande(FLG) 457, 4400 Flémalle, BelgiumKBO/BCE: BE 0802.927.297
Summary

The computed 12-month bankruptcy probability of SPINEUX-CONDROZ SA is 1.6% (moderate). The 2025 annual accounts show equity of €23,215 and a net result of €16,979. Its solvency ranks better than 14% of 5,027 sector peers (NACE 47, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
SPINEUX-CONDROZ SAActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of cars and light vans (up to 3.5 tonnes)
NACE 47811Retail sale of motorcycles and motorcycle parts and accessories NACE 47830
1 site
Size
≈ €1.3mturnover 2025, estimated
Staff
2.4 FTE
Equity
€23,215
Profit
€16,979
Turnover estimated from the gross margin
Financial health
55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.6%
Structure
2025 accounts 40 days early
Why 55raises riskFounded in 2023Equity €23,215 (2.8% of total assets)Liquidity: current ratio 0.94, cash €12,160, halvedlowers riskSize: 2.4 FTE, total assets €817,469Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 44% of its sector peers (NACE 47, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 28+2
equity 2.8% of total assets
Liquidity 2-2
short-term debt 97.2% · cash 1.5%
Profitability 71+61
return on assets 2.1%
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,268 companies, NACE 47, micro)
Last 24 months 11-2024: 2.0% 12-2024: 2.2%▲ +0.2 percentage points vs 11-2024 01-2025: 2.5%▲ +0.3 percentage points vs 12-2024highest value 02-2025: 1.8%▼ -0.7 percentage points vs 01-2025 03-2025: 1.8%● unchanged vs 02-2025 04-2025: 1.8%● unchanged vs 03-2025 05-2025: 1.8%● unchanged vs 04-2025 06-2025: 1.8%● unchanged vs 05-2025 07-2025: 1.8%● unchanged vs 06-2025 08-2025: 1.8%● unchanged vs 07-2025 09-2025: 1.8%● unchanged vs 08-2025 10-2025: 1.8%● unchanged vs 09-2025 11-2025: 1.9%▲ +0.1 percentage points vs 10-2025 12-2025: 2.0%▲ +0.1 percentage points vs 11-2025 01-2026: 1.8%▼ -0.2 percentage points vs 12-2025 02-2026: 1.7%▼ -0.1 percentage points vs 01-2026 03-2026: 1.6%▼ -0.1 percentage points vs 02-2026 04-2026: 1.6%● unchanged vs 03-2026 05-2026: 1.6%● unchanged vs 04-2026 06-2026: 1.6%● unchanged vs 05-2026 07-2026: 1.6%● unchanged vs 06-2026lowest value 08-2026: 1.6%● unchanged vs 07-2026 09-2026: 1.6%● unchanged vs 08-2026 10-2026: 1.6%● unchanged vs 09-2026
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.94, compared with 0.92 in 2024, below 1; short-term debt: 97.2% and cash: 1.5% of total assets), and 97.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 21% on solvency, 4% on liquidity, 54% on profitability and 97% on growth.

The bankruptcy probability was computed on 30-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Founded in 2023
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Equity €23,215 (2.8% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.94, cash €12,160, halved
NBB · annual accounts
lowers risk · Size: 2.4 FTE, total assets €817,469
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 5027 sector peers (2025).
NBB · sector comparison
Position among 5027 sector peers
Solvency
better than 14%
← weakest strongest →
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 22-12-2025, 40 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
40 days early
2024
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 20 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end30-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Back to profitnet €16,979
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: Back in profit in 2025after -€55,765 in 2024 €16,979 View
  • Caution: Among the weakest 15% on solvencysector median 36.1% · 5,027 companies 2.8% View
  • Board3 directors in office 3 View

By topic

Financials

Financial year
2025
Total assets
€817,469
Profit
€16,979
Solvency
2.8%
Total assets▼ 0.7%
Net result
20242025
Go to Financials

Board & ownership

Board
3 members
  • SPINEUX FrançoisDirector
  • SPINEUX JeannineDirector
  • SPINEUX RolandDirector
Go to Board & ownership

Timeline

Events
4
Since
2023
Next accounts
by 31-01-2027
  1. 22-06-2023Incorporation
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Retail sale of cars and light vans (up…NACE 47811
Founded
20-06-2023
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
36
Annual meeting
First Monday of December at 18:00
Purpose
“La vente,l achat,l échange,la location,l entretien,la réparation de tout véhicule avec ou…” (deed in French)
Go to Articles of association

Key facts about SPINEUX-CONDROZ SA

What is the company number of SPINEUX-CONDROZ SA?
0802.927.297. In Belgium the VAT number is the company number with BE in front: BE 0802.927.297.
Where is SPINEUX-CONDROZ SA based?
The registered office is at Rue de Flémalle-Grande(FLG) 457, 4400 Flémalle.Company details
What does SPINEUX-CONDROZ SA do?
According to the KBO register, the main activity is retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811).
What is the legal form of SPINEUX-CONDROZ SA?
Public limited company (NV).
When was SPINEUX-CONDROZ SA founded?
On 20-06-2023.
Is SPINEUX-CONDROZ SA still active?
Yes, SPINEUX-CONDROZ SA is an active enterprise in the KBO register.
How many employees does SPINEUX-CONDROZ SA have?
On average 2.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SPINEUX-CONDROZ SA?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is SPINEUX-CONDROZ SA profitable?
In financial year 2025, SPINEUX-CONDROZ SA made a profit of €16,979.
Where can I find the annual accounts of SPINEUX-CONDROZ SA?
SPINEUX-CONDROZ SA filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SPINEUX-CONDROZ SA due?
By 31-01-2027, for financial year 2026.Timeline

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