Active BE 0457.522.769Public limited company

SPINNEKOP

Steverlyncklaan 22 ·8900 Ieper, Belgium· 30 yrs active

Sector: Vervaardiging van metalen constructiewerken en delen daarvan (25110)

Conclusion Checked

The computed 12-month bankruptcy probability of SPINNEKOP is 0.4% (very low). The 2024 annual accounts show equity of €3.69M and a net result of €634k. Equity is growing by ~32.1% per year across the filed fiscal years. Its solvency ranks better than 53% of 139 sector peers (fiscal year 2024). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Key figures

Equity	€3.69M
Net result	€634k
Staff (FTE)	40.2
Better than sector	53%

Snowflake analysis 5 of 5 axes measured · computed by Checked

78 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 81

Profitability 86

Solvency 70

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.4% Very low

0%0,5%1,5%4%10%≥25%

Long track record −Higher-failure-rate sector +Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1996, 30 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

81 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 22-07-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~32.1%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 25 · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	36.3%	35.0%	better than 53% of 139 sector peers
Net result	€634k	€43k	better than 95% of 139 sector peers
Equity	€3.69M	€251k	better than 95% of 139 sector peers
Gross operating margin	€3.59M	€329k	better than 95% of 139 sector peers
Staff costs	€2.53M	€314k	higher than 95% of 102 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€1.02M

-40.1% 19-24

Net profit

€634k

-47.7% 19-24

Cash flow

€801k

-38.8% 19-24

Total assets

€10.16M

+67.7% 19-24

Equity

€3.69M

+20.8% 19-24

Working capital

€3.51M

+9.3% 19-24

Employees (FTE)

40

+6.3% 19-24

Staff costs

€2.53M

+16.8% 19-24

Income taxes

€228k

-46.3% 19-24

Debt

€6.47M

+115.5% 19-24

Debt ≤ 1y

€5.80M

+142.3% 19-24

Debt > 1y

€674k

+10.4% 19-24

Current ratio

1.61

-31.5% 19-24

Quick ratio

0.95

-37.2% 19-24

Solvency

36.3%

-28.0% 19-24

Debt / equity

1.76

+78.4% 19-24

ROE

17.2%

-56.7% 19-24

ROA

6.2%

-68.8% 19-24

Interest coverage

24.54

-80.1% 19-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	verkort
Revenue	-
EBITDA	€1.02M
Net profit	€634k
Cash flow	€801k
Staff costs	€2.53M
Income taxes	€228k
Dividends	-
Total assets	€10.16M
Equity	€3.69M
Debt	€6.47M
of which ≤ 1y	€5.80M
of which > 1y	€674k
Working capital	€3.51M
Employees (FTE)	40.2

Ratios (computed)

	2024
Current ratio	1.61
Quick ratio	0.95
Working capital ratio	34.6%
Solvency	36.3%
Debt / equity	1.76
Long-term debt ratio	0.18
Interest coverage	24.54
Gross margin	-
Net margin	-
ROA	6.2%
ROE	17.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €851k · 8.4% Current assets €9.31M · 91.6%

Equity & liabilities

Equity €3.69M · 36.3% Debt €6.47M · 63.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€10.16M
Fixed assets	21/28	€851k
Intangible fixed assets	21	€104k
Tangible fixed assets	22/27	€738k
Financial fixed assets	28	€9k
Current assets	29/58	€9.31M
Stocks & contracts in progress	3	€3.79M
Amounts receivable within one year	40/41	€5.14M
Cash & bank	54/58	€369k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€10.16M
Equity	10/15	€3.69M
Contributions / capital	10/11	€62k
Reserves	13	€6k
Accumulated profits (losses)	14	€3.62M
Amounts payable	17/49	€6.47M
Amounts payable after one year	17	€674k
Amounts payable within one year	42/48	€5.80M
Trade debts payable within one year	44	€1.33M
Income statement
Gross operating margin	9900	€3.59M
Operating result	9901	€857k
Financial income	75	€47k
Financial charges	65	€42k
Result before taxes	9903	€862k
Income taxes	67/77	€228k
Net result for the period	9904	€634k
Result to be appropriated	9905	€634k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 2 directors

Current directors & mandates

Carl Spillebeen
Director
State Gazette act 25083668 (07-07-2025)

Current
26-06-2025 → present
AgritaineLegal entity
Director
State Gazette act 24173257 (09-12-2024)

Current
09-12-2024 → present

Permanent representatives (2)

These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.

Carl Spillebeen
Permanent representative
State Gazette act 25083668 (07-07-2025)

Permanent representative
07-07-2025 → present
AgritaineLegal entity
Permanent representative· perm. rep.: Francis De Geest
State Gazette act 24173257 (09-12-2024)

Permanent representative
09-12-2024 → present

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Vervaardiging van metalen constructiewerken en delen daarvan(25110)
Legal form	Public limited company(014)
Incorporation	25-03-1996
Status	Active
Postal code	8900

Establishment units 1 location

SPINNEKOP NV

Steverlyncklaan 22, 8900 IeperVervaardiging van motoren met inwendige verbranding en onderdelen daarvan, voor divers gebruik :voor railvoertuigen, landbouwwerktuigen en machines voor de bouwnijverheid, scheepsmotoren en buitenboot

since 19962.076.049.824

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
33011C0134/00H004	Flanders	7,242 m²	1 · 5,162 m²	10.5 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

22-07-2025

NBB filing Annual accounts filed

fiscal year 2024 · verkort

07-07-2025

State Gazette act Director changes

2024

09-12-2024

State Gazette act Director changes

17-06-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

2023

27-06-2023

NBB filing Annual accounts filed

fiscal year 2022 · verkort

2022

30-06-2022

NBB filing Annual accounts filed

fiscal year 2021 · verkort

2021

15-11-2021

NBB filing Annual accounts filed

fiscal year 2021 · verkort

2020

19-11-2020

NBB filing Annual accounts filed

fiscal year 2020 · verkort

2019

07-11-2019

NBB filing Annual accounts filed

fiscal year 2019 · verkort

2018

06-11-2018

NBB filing Annual accounts filed

fiscal year 2018 · verkort

2017

16-11-2017

NBB filing Annual accounts filed

fiscal year 2017 · verkort

2016

23-11-2016

NBB filing Annual accounts filed

fiscal year 2016 · verkort

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 1 year ago

2025

07-07-2025 2 directors appointed Director changes

Carl Spillebeen, Bestuurder
Carl Spillebeen, Vaste vertegenwoordiger

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Carl Spillebeen",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "confirmation",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2025-06-26",
      "evidence_quote": "De enige aandeelhouder besluit vervolgens te benoemen tot bestuurder van de vennootschap, en dit met onmiddellijke ingang",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "immediate",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_in",
      "role": "vaste_vertegenwoordiger",
      "person": {
        "rrn": null,
        "name": "Carl Spillebeen",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "confirmation",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "In overeenstemming met artikel 2:55 van het Wetboek van vennootschappen en verenigingen heeft het bestuursorgaan van de voormelde bestoten vennootschap \u0022Spicar\u0022, beslist om de heer Carl Spillebeen, te benoemen als vaste vertegenwoordiger.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2025-06-26",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "enig_aandeelhouder_schriftelijk",
      "date": "2025-06-01",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0457.522.769",
    "name_full": "BANK GEA",
    "legal_form": "NV",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Yves Thiers",
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}

2024

09-12-2024 2 directors appointed Director changes

Agritaine, Bestuurder
Francis De Geest, Vaste vertegenwoordiger

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "decharge_granted",
      "role": "bestuurder",
      "person": null,
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De enige aandeelhouder verleent alhier tussentijdse kwijting aan de bestuurder voor het uitoefening van zijn mandaat tot heden en verbindt er zich toe definitieve kwijting te verlenen aan de bestuurder voor de uitoefening van zijn mandaat op de jaarvergadering die zal worden gehouden ter goedkeuring",
      "decharge_status": "provisional",
      "mandate_duration": {
        "kind": "until_date",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": null,
      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": "1011.752.758",
        "name": "Agritaine",
        "address": null,
        "country": null,
        "legal_form": "BV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De enige aandeelhouder besluit vervolgens te benoemen tot bestuurder van de vennootschap, en dit met onmiddellijike ingang",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "immediate",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_in",
      "role": "vaste_vertegenwoordiger",
      "person": {
        "rrn": null,
        "name": "Francis De Geest",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": "1011.752.758",
        "name": "Agritaine",
        "address": null,
        "country": null,
        "legal_form": "BV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "In overeenstemming met artikel 2:55 van het Wetboek van vennootschappen en verenigingen heeft het bestuursorgaan van de voormelde besloten vennootschap \u0022Agritaine\u0022, beslist om de heer Francis De Geest, te benoemen als vaste vertegenwoordiger",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2024-11-28",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "enig_aandeelhouder_schriftelijk",
      "date": "2024-11-07",
      "unanimous": true
    },
    {
      "body": "enig_aandeelhouder_schriftelijk",
      "date": "2024-11-28",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0457.522.769",
    "name_full": "Spinnekop",
    "legal_form": "NV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Yves Thiers",
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}

Credit advice verdict per customer and amount

AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon

The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Company registry (CBE) Crossroads Bank

Activities

Vervaardiging van metalen constructiewerken en delen daarvan25110Vervaardiging van metalen constructiewerken en delen daarvan25110Vervaardiging van metalen constructiewerken en onderdelen daarvan28110Vervaardiging van hijs-, hef- en transportwerktuigen28220Vervaardiging van hijs-, hef- en transportwerktuigen28220Vervaardiging van hijs-, hef- en transportwerktuigen29220

Primary activity highlighted.

Names & trade names

Legal nameNL

SPINNEKOP

Registered office

Steverlyncklaan 22

8900 Ieper, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

Similar companies Comparable size · 496 of 3,976 companies in this sector with filed accounts

YPCAR BE 0798.358.005 · Ieper

BECONA BE 0881.583.609 · Diest

KERENZO CONSTRUCT BE 0457.100.325 · Wetteren

DEMA-C BE 0642.607.380 · Poperinge

POOL COVER SYSTEMS BE 0751.526.702 · Ravels