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SPINGHAR

Active
Private limited companyfounded 2004active for 22 yearsEmile Jacqmainlaan 86, 1000 Brussel, BelgiumKBO/BCE: BE 0866.183.769

From the official registers: KBO 20 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of SPINGHAR is 1.9% (moderate). The 2024 annual accounts show equity of €69,677 and a net result of -€4,870. Equity has been growing by about 9.4% per year since 2018. Its solvency ranks better than 59% of 392 sector peers (NACE 61, financial year 2024). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

KBO
Status
Active since 06-07-2004 Normal situation
Activity
Wired, wireless and satellite telecommunications NACE 61100and 1 other
Establishment units
2.185.683.479 1000 Brussel, since 11-03-2010
2.230.592.895 1000 Brussel, since 19-05-2014
Financial year end
31 December
Peppol
Reachable since 19-12-2025

Board and ownership

Board

Financial position

54 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.9%
Annual accounts 2024
Gross margin
€40,922
▼ 50.5%
Turnover
≈ €160,000
estimated
Loss
€4,870
Equity
€69,677
▼ 6.5%
Total assets
€131,165
▼ 25.4%
Staff
1.4 FTE
2025 accounts not filed, 93 days past the deadline
Filed on 31-07-2025PDF
Score breakdownraises riskFigures for financial year 2024 (filed on 31-07-2025)1 financial year not filed after the legal deadline; 2 of the last 3 accounts latelowers riskFounded in 2004Liquidity: current ratio 1.85, cash €16,667, halvedShow the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 40% of micro companies in telecommunications (NACE 61)
Financial strength · tick: 2023
Average
Solvency 78+11
equity 53.1% of total assets
Liquidity 43-10
short-term debt 46.9% · cash 12.7%
Profitability 17-83
return on assets -3.7%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.8% (527 companies, NACE 61, micro)
Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025lowest value 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.9%▲ +0.3 percentage points vs 07-2025 09-2025: 0.9%● unchanged vs 08-2025 10-2025: 0.9%● unchanged vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.8%▼ -0.1 percentage points vs 04-2026 06-2026: 0.8%● unchanged vs 05-2026 07-2026: 0.8%● unchanged vs 06-2026 08-2026: 1.3%▲ +0.5 percentage points vs 07-2026 09-2026: 1.4%▲ +0.1 percentage points vs 08-2026 10-2026: 1.9%▲ +0.5 percentage points vs 09-2026highest value
Credit of up to €3,500 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 1.85 (1.6 in 2023), above the usual 1.5. Short-term debt is 46.9% and cash 12.7% of total assets. 46.9% of the assets are financed with debt and provisions.
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 61, micro). It does better than 61% of them on solvency, 41% on liquidity, 22% on profitability and 35% on growth.

The bankruptcy probability was computed on 31-10-2026 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. 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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed on 31-07-2025)
NBB · annual accounts
lowers risk · Founded in 2004
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 1 financial year not filed after the legal deadline; 2 of the last 3 accounts late
NBB · filings
lowers risk · Liquidity: current ratio 1.85, cash €16,667, halved
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline01-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
on the day
2023
58 days late
2022
150 days late
2021
31 days late
2020
61 days late
2019
21 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 54 days after the deadline. In the sector (NACE 61), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: From profit to loss in 2024after a profit of €46,895 in 2023 -€4,870 View

Comparable companies

These companies have the same main activity as SPINGHAR: wired, wireless and satellite telecommunications (NACE 61100). They are comparable in size and age: total assets between €111,000 and €203,000, founded between 2001 and 2007.

CompanyTotal assetsGross margin
SPINGHAR Brussel€131,165€40,922
THE PROJECT ENGINEERING COMPANY Overijse€149,268€35,813
TRADEX. Brussel€202,607€60,709
MICROLAB Elsene€119,642€25,461
PHONE INFO CENTER Sint-Jans-Molenbeek€143,604€74,027
ZYPRIO Gent€158,997€39,011
TELEGROUP Gistel€111,389€32,818
Full comparison

Documents

Annual accounts at the NBB

All 20 annual accounts

Articles and registers

Key facts about SPINGHAR

What is the company number of SPINGHAR?
The company number of SPINGHAR is 0866.183.769. The VAT number is the same number with BE in front: BE 0866.183.769.
Where is SPINGHAR based?
The registered office is at Emile Jacqmainlaan 86, 1000 Brussel.Company details
What does SPINGHAR do?
According to the KBO register, the main activity is wired, wireless and satellite telecommunications (NACE 61100).
What is the legal form of SPINGHAR?
The legal form of SPINGHAR is Private limited company (BV).
When was SPINGHAR founded?
SPINGHAR was founded on 06-07-2004.
Is SPINGHAR still active?
Yes, SPINGHAR is an active enterprise in the KBO register.
How many employees does SPINGHAR have?
SPINGHAR had an average of 1.4 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of SPINGHAR?
The turnover in financial year 2024 is ≈ €160,000. This figure is estimated from the gross margin of €40,922 and 2,949 comparable companies of the same size. It probably lies between €99,000 and €300,000. It is a rough estimate.
Is SPINGHAR profitable?
In financial year 2024, SPINGHAR made a loss of €4,870.
Where can I find the annual accounts of SPINGHAR?
SPINGHAR filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)

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