SPINNAKER
ActiveSPINNAKER has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €458k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 9% of 12685 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency30=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.06 in 2024; short-term debt: 59.7% and cash: 14.5% of total assets), but 95.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
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
4.9%
Return on assets
107.8%
Age of the figures
15 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 12685 sector peers (2025).
NBB · sector comparisonPosition among 12685 sector peers
Solvency
better than 9%
← 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 30-12-2025, 32 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
32 d early
2024
126 d early
2023
72 d early
2022
77 d early
2021
49 d early
2020
27 d early
2019
28 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▲ 1.5%
2024 · €21k
2019: €62k
2020: €90k
2021: €14k
2022: €20k
2023: €21k
2024: €21k
2019 → 2025
Total assets
€425k▲ 10.3%
2024 · €386k
2019: €77k
2020: €101k
2021: €114k
2022: €87k
2023: €342k
2024: €386k
2019 → 2025
Net result
€458k▲ 62.7%
2024 · €282k
2019: €40k
2020: €27k
2021: €14k
2022: €454k
2023: €387k
2024: €282k
2019 → 2025
Working capital
€171k▲ 719%
2024 · €21k
2019: €62k
2020: €90k
2021: €15k
2022: €21k
2023: €21k
2024: €21k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€20k▲ 42.6%€21k▲ 3.2%€21k▼ 1.8%€21k▲ 1.5%
Operating result€18k-€599k▲ 3,257%€509k▼ 15.2%€369k▼ 27.4%€605k▲ 63.8%
Net result€14k-€454k▲ 3,044%€387k▼ 14.9%€282k▼ 27.2%€458k▲ 62.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 64% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €425k
Equity
€21k▲ 1.5%
Debt
€404k▲ 10.8%
The debt ratio rises from 94.6% to 95.1%. Equity and debt are higher.
Key figures and ratios
Solvency
4.9%▼
2024 · 5.4%
Current ratio
1.67▲
2024 · 1.06
Quick ratio
1.67▲
2024 · 1.06
Debt / equity
19.22▲
2024 · 17.60
ROA
107.8%▲
2024 · 73.1%
Debt
€404k▲
2024 · €365k
Debt ≤ 1 year
€254k▼
2024 · €365k
Debt > 1 year
€150k
Income taxes
€146k▲
2024 · €88k
A ratio outside any meaningful range has been withheld (balance sheet total €425k, equity €21k).
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€386k€425k▲
Current assets29/58€386k€425k▲
Amounts receivable after more than one year29-€150k
Trade receivables290-€150k
Amounts receivable within one year40/41€208k€213k▲
Trade receivables40€205k€213k▲
Other amounts receivable41€3k-
Cash at bank and in hand54/58€178k€62k▼
Deferred charges and accrued income490/1-€674
Equity and liabilities
Total equity and liabilities10/49€386k€425k▲
Equity10/15€21k€21k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€264€576▲
Amounts payable17/49€365k€404k▲
Amounts payable after more than one year17-€150k
Other amounts payable178/9-€150k
Amounts payable within one year42/48€365k€254k▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€8k€33k▲
Taxes450/3€5k€33k▲
Remuneration and social security454/9€3k-
Other amounts payable47/48€354k€219k▼
Accrued charges and deferred income492/3€192€200▲
Income statement
Code20242025
Other operating charges640/8€403€395▼
Gross operating margin9900€370k€605k▲
Operating profit (loss)9901€369k€605k▲
Financial charges65/66B€52€195▲
Recurring financial charges65€52€195▲
Profit (loss) for the period before taxes9903€369k€605k▲
Income taxes67/77€88k€146k▲
Profit (loss) for the period9904€282k€458k▲
Profit (loss) for the period to be appropriated9905€282k€458k▲
Appropriation of the result
Profit (loss) to be appropriated9906€282k€459k▲
Profit (loss) brought forward from the previous period14P€654€264▼
Profit to be distributed694/7€282k€458k▲
Return on contributions (dividend)694€282k€458k▲
The notes to these accounts (2 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
2025
30-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €458k ▲62.7%
Operating result €605k, net result €458k, both a record.
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
20-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
15-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet €14k ▼47.1%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Jette · 1 establishment unit since 2018
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.
Jetse Steenweg 5141090 JetteGround area
1,736 m²
Building footprint
521 m²
Volume, LiDAR
4,157 m³
Parcel 21464E0001/00C023, Brussels · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Jetse Steenweg 514A, 1090 Jette
since 20182.275.394.425
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464E0001/00C023 | Brussels | 1,736 m² | 1 · 521 m² | 10.4 m · 3 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.
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Of 2,258 companies in sector 69102 we hold annual accounts for 1,754. 787 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-04-2018
Fiscal year end30-06
Activities, NACEBEL
69102Activities of notaries
Sources
Crossroads Bank for EnterprisesNational Bank · 8 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.