SPINNACO
InactiveSPINNACO was declared bankrupt on 07-03-2024 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 05-03-2026, published in the Belgian State Gazette on 10-03-2026.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 10-11-2021, 102 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
102 d late
2019
115 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€5k▼ 48.8%
2019 · €9k
2018: €815lowest in 3 years
2019: €9k▲ +1056% vs 2018highest in 3 years
2020: €5k▼ -48.8% vs 2019
2018 → 2020
Total assets
€199k▲ 54.3%
2019 · €129k
2018: €99klowest in 3 years
2019: €129k▲ +30.0% vs 2018
2020: €199k▲ +54.3% vs 2019highest in 3 years
2018 → 2020
Net result
€-5k▼ 563%
2019 · €-693
2018: €-15klowest in 3 years
2019: €-693▲ +95.3% vs 2018highest in 3 years
2020: €-5k▼ -563% vs 2019
2018 → 2020
Working capital
€-15k▼ 47.7%
2019 · €-10k
2018: €-8khighest in 3 years
2019: €-10k▼ -26.3% vs 2018
2020: €-15k▼ -47.7% vs 2019lowest in 3 years
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€815-€9k▲ 1,056%€5k▼ 48.8%
2018: €815lowest in 3 years
2019: €9k▲ +1056% vs 2018highest in 3 years
2020: €5k▼ -48.8% vs 2019
Operating result€-14k-€2k€3k▲ 52.6%
2018: €-14klowest in 3 years
2019: €2k▲ +116% vs 2018
2020: €3k▲ +52.6% vs 2019highest in 3 years
Net result€-15k-€-693▲ 95.3%€-5k▼ 563%
2018: €-15klowest in 3 years
2019: €-693▲ +95.3% vs 2018highest in 3 years
2020: €-5k▼ -563% vs 2019
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2020 is 53% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €199k
Fixed assets
€48k ▼ 6.2%
Current assets
€151k ▲ 94.1%
Equity and liabilities €199k
Equity
€5k ▼ 48.8%
Debt
€194k ▲ 62.4%
Debt's share of the balance-sheet total rises from 92.7% to 97.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7k▲
2019 · €5k
Cash flow
€-1k▼
2019 · €2k
Current ratio
0.91▲
2019 · 0.88
Quick ratio
0.03▲
2019 · 0.01
Debt to equity
5.81▲
2019 · 3.35
ROE
-95.3%▼
2019 · -7.4%
ROA
-2.3%▼
2019 · -0.5%
Debt ≤ 1 year
€166k▲
2019 · €88k
Debt > 1 year
€28k▼
2019 · €31k
Income taxes
€7k▲
2019 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 25 lines
Balance sheet
Code20192020
Assets
Total assets20/58€129k€199k▲
Fixed assets21/28€51k€48k▼
Tangible fixed assets22/27€51k€48k▼
Current assets29/58€78k€151k▲
Stocks and contracts in progress3€77k€146k▲
Amounts receivable within one year40/41-€282
Cash at bank and in hand54/58€931€5k▲
Equity and liabilities
Total equity and liabilities10/49€129k€199k▲
Equity10/15€9k€5k▼
Contributions10/11€8k-
Reserves13€7k€7k=
Profit (loss) carried forward14€-6k€-11k▼
Amounts payable17/49€120k€194k▲
Amounts payable after more than one year17€31k€28k▼
Amounts payable within one year42/48€88k€166k▲
Trade debts44€9k€20k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Gross operating margin9900€8k€7k▼
Operating profit (loss)9901€2k€3k▲
Recurring financial income75-€10
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€744€2k▲
Income taxes67/77€1k€7k▲
Profit (loss) for the period9904€-693€-5k▼
Profit (loss) for the period to be appropriated9905€-693€-5k▼
Accounts by statement
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €3k | €3k | = |
| Gross operating margin9900 | €-5k | €8k | €7k | ▼ 9.9% |
| Operating profit (loss)9901 | €-14k | €2k | €3k | ▲ 52.6% |
| Recurring financial income75 | - | - | €10 | - |
| Recurring financial charges65 | €990 | €1k | €1k | ▼ 29.8% |
| Profit (loss) for the period before taxes9903 | €-15k | €744 | €2k | ▲ 215% |
| Income taxes67/77 | - | €1k | €7k | ▲ 383% |
| Profit (loss) for the period9904 | €-15k | €-693 | €-5k | ▼ 563% |
| Profit (loss) for the period to be appropriated9905 | €-15k | €-693 | €-5k | ▼ 563% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €99k | €129k | €199k | ▲ 54.3% |
| Fixed assets21/28 | €45k | €51k | €48k | ▼ 6.2% |
| Tangible fixed assets22/27 | €45k | €51k | €48k | ▼ 6.2% |
| Current assets29/58 | €54k | €78k | €151k | ▲ 94.1% |
| Stocks and contracts in progress3 | €31k | €77k | €146k | ▲ 89.5% |
| Amounts receivable within one year40/41 | - | - | €282 | - |
| Cash at bank and in hand54/58 | €23k | €931 | €5k | ▲ 446% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €99k | €129k | €199k | ▲ 54.3% |
| Equity10/15 | €815 | €9k | €5k | ▼ 48.8% |
| Contributions10/11 | €8k | €8k | - | - |
| Reserves13 | €7k | €7k | €7k | = |
| Profit (loss) carried forward14 | €-15k | €-6k | €-11k | ▼ 76.4% |
| Amounts payable17/49 | €99k | €120k | €194k | ▲ 62.4% |
| Amounts payable after more than one year17 | €36k | €31k | €28k | ▼ 11.2% |
| Amounts payable within one year42/48 | €62k | €88k | €166k | ▲ 88.7% |
| Trade debts44 | €8k | €9k | €20k | ▲ 123% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-15k | €-693 | €-5k | ▼ 563% |
| + Depreciation and write-downs630 | €6k | €3k | €3k | = |
| Operating cash flow (approximation) | €-8k | €2k | €-1k | ▼ 156% |
| Investment in fixed assets (approximation) | - | €-9k | €0 | ▲ 100% |
| Change in cash | - | €-22k | €4k | ▲ 119% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
10-03
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · event 05-03-2026
2024
13-03
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 07-03-2024
2021
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 102 days late
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 115 days late
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 62 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
SignalNBB filing
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ILSE VAN DE MIEROP WOLSTRAAT 70, 1000 BRUSSEL 1- |
07-03-2024 → 05-03-2026 |