SPINNERIJKAAI
ActiveSPINNERIJKAAI has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €914k and a net result of €149k. Equity is growing by ~25% per year across the filed fiscal years. Its solvency ranks better than 95% of 4522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▲+1
Solvency100=
Growth64▲+1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 90.15 against 41.29 in 2024; short-term debt: 0.8% and cash: 3.5% of total assets), and 0.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
99.2%
Return on assets
16.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
51 d early
2023
41 d early
2022
53 d early
2021
20 d early
2020
9 d early
2019
4 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€199k▲ 2.4%
2024 · €194k
2019: €189k
2020: €182k
2021: €151k
2022: €177k
2023: €189k
2024: €194k
2019 → 2025
EBIT margin
91.7%▲ 6.4pp
2024 · 85.3%
2019: 87.4%
2020: 57.7%
2021: 86.8%
2022: 90.2%
2023: 87.5%
2024: 85.3%
2019 → 2025
Net result
€149k▲ 19.7%
2024 · €124k
2018: €98k
2019: €114k
2020: €79k
2021: €98k
2022: €119k
2023: €123k
2024: €124k
2018 → 2025
Working capital
€660k▲ 29.2%
2024 · €511k
2018: €-158k
2019: €-1k
2020: €35k
2021: €147k
2022: €263k
2023: €386k
2024: €511k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€151k-€177k▲ 17.1%€189k▲ 6.7%€194k▲ 3.0%€199k▲ 2.4%
Equity€399k-€518k▲ 30.0%€641k▲ 23.8%€765k▲ 19.4%€914k▲ 19.4%
Operating result€131k-€160k▲ 21.7%€165k▲ 3.4%€166k▲ 0.4%€183k▲ 10.2%
Net result€98k-€119k▲ 21.7%€123k▲ 3.1%€124k▲ 0.9%€149k▲ 19.7%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €921k
Fixed assets
€254k▼ 0.2%
Current assets
€667k▲ 27.5%
Equity and liabilities €921k
Equity
€914k▲ 19.4%
Debt
€7k▼ 41.6%
The debt ratio falls from 1.6% to 0.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€183k▲
2024 · €166k
Cash flow
€149k▲
2024 · €125k
Solvency
99.2%▲
2024 · 98.4%
Current ratio
90.15▲
2024 · 41.29
Quick ratio
90.15▲
2024 · 41.29
Debt / equity
0.01▼
2024 · 0.02
ROE
16.3%▲
2024 · 16.2%
ROA
16.1%▲
2024 · 16.0%
Interest coverage
1013.37▼
2024 · 1103.39
Debt
€7k▼
2024 · €13k
Debt ≤ 1 year
€7k▼
2024 · €13k
Income taxes
€50k▲
2024 · €41k
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€778k€921k▲
Fixed assets21/28€254k€254k▼
Tangible fixed assets22/27€254k€254k▼
Land and buildings22€254k€254k▼
Current assets29/58€524k€667k▲
Stocks and contracts in progress3-€0
Amounts receivable within one year40/41€29k€635k▲
Trade receivables40€617€4k▲
Other amounts receivable41€29k€631k▲
Cash at bank and in hand54/58€494k€32k▼
Equity and liabilities
Total equity and liabilities10/49€778k€921k▲
Equity10/15€765k€914k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€703k€852k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€697k€846k▲
Amounts payable17/49€13k€7k▼
Amounts payable within one year42/48€13k€7k▼
Trade debts44€10k€3k▼
Suppliers440/4€10k€3k▼
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€2k€5k▲
Income statement
Code20242025
Operating income70/76A€215k€223k▲
Turnover70€194k€199k▲
Other operating income74€20k€24k▲
Operating charges60/66A€49k€41k▼
Services and other goods61€28k€19k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€447€447=
Other operating charges640/8€21k€22k▲
Operating profit (loss)9901€166k€183k▲
Financial income75/76B-€16k
Recurring financial income75-€16k
Income from current assets751-€16k
Financial charges65/66B€151€181▲
Recurring financial charges65€151€181▲
Other financial charges652/9€151€181▲
Profit (loss) for the period before taxes9903€166k€199k▲
Income taxes67/77€41k€50k▲
Taxes670/3€41k€50k▲
Profit (loss) for the period9904€124k€149k▲
Profit (loss) for the period to be appropriated9905€124k€149k▲
Appropriation of the result
Profit (loss) to be appropriated9906€124k€149k▲
Transfer to equity691/2€124k€149k▲
To other reserves6921€124k€149k▲
The notes to these accounts (17 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
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €149k ▲19.7%
Operating result €183k, net result €149k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 90.15
Current ratio from 41.29 to 90.15; short-term debt falls from €13k to €7k.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity triplescurrent ratio 41.40
Current ratio from 14.98 to 41.40; short-term debt falls from €11k to €7k.
31-12
Financial
Equity above €500kEq €518k ▲30%
5 profitable years in a row build equity to €518k.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity times 8current ratio 14.98
Current ratio from 1.97 to 14.98; short-term debt falls from €36k to €11k.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €79k ▼31.1%
Net result drops to €79k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €200kEq €222k ▲106%
2 profitable years in a row build equity to €222k.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
Registered office, Wevelgem · 1 establishment unit since 1995
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.
Drieslaan 48560 WevelgemGround area
3,173 m²
Building footprint
1,314 m²
Volume, LiDAR
8,250 m³
Parcel 34029B0573/00Z000, Flanders · tallest building 33.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SPINNERIJKAAI NV
since 19952.072.692.931
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34029B0573/00Z000 | Flanders | 3,173 m² | 1 · 1,314 m² | 33.8 m · 2 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 7,321 companies in sector 68110 we hold annual accounts for 5,380. 3,297 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-06-1995
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
70120
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.