Summary
The computed 12-month bankruptcy probability of SPINNEWYN is 1.5% (moderate). The 2019 annual accounts show equity of €134,784 and a net result of €7,765. The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2019 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2019 · tick = 2018
Profitability51▼-1
Solvency100=
Growth78
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2019Solvency, return and age of the figures
Solvency
94.4%
Return on assets
5.4%
Age of the figures
81 mo
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
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 30-06-2020, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 31 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2019, micro schema
Equity
€134,784▲ 6.1%
2018 · €127,019
Total assets
€142,837▲ 6.6%
2018 · €133,967
Net result
€7,765▲ 0.5%
2018 · €7,724
Working capital
€134,784▲ 6.1%
2018 · €127,019
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019
Operating result€661-€1,225▲ 85.3%
Net result€7,724-€7,765▲ 0.5%
Equity€127,019-€134,784▲ 6.1%
Total assets€133,967-€142,837▲ 6.6%
Debt€6,948-€8,053▲ 15.9%
Working capital€127,019-€134,784▲ 6.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2019; 2019 is 85% above 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Equity and liabilities €142,837
Equity
€134,784 ▲ 6.1%
Debt
€8,053 ▲ 15.9%
Debt's share of the balance-sheet total rises from 5.2% to 5.6%. Equity and debt are higher.
Key figures and ratios
Current ratio
17.74▼
2018 · 19.28
ROE
5.8%▼
2018 · 6.1%
ROA
5.4%▼
2018 · 5.8%
Debt ≤ 1 year
€8,053▲
2018 · €6,948
Income taxes
€4,504▲
2018 · €3,155
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Gross operating margin9900 | €1,001 | €1,964 | ▲ 96.1% |
| Operating profit (loss)9901 | €661 | €1,225 | ▲ 85.3% |
| Recurring financial income75 | €10,362 | €11,169 | ▲ 7.8% |
| Recurring financial charges65 | €144 | €125 | ▼ 13.2% |
| Profit (loss) for the period before taxes9903 | €10,879 | €12,269 | ▲ 12.8% |
| Income taxes67/77 | €3,155 | €4,504 | ▲ 42.8% |
| Profit (loss) for the period9904 | €7,724 | €7,765 | ▲ 0.5% |
| Profit (loss) for the period to be appropriated9905 | €7,724 | €7,765 | ▲ 0.5% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €133,967 | €142,837 | ▲ 6.6% |
| Current assets29/58 | €133,967 | €142,837 | ▲ 6.6% |
| Amounts receivable within one year40/41 | €133,931 | €141,215 | ▲ 5.4% |
| Cash at bank and in hand54/58 | €36 | €1,621 | ▲ 4,366% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €133,967 | €142,837 | ▲ 6.6% |
| Equity10/15 | €127,019 | €134,784 | ▲ 6.1% |
| Contributions10/11 | €18,592 | €18,592 | = |
| Reserves13 | €100,359 | €100,359 | = |
| Profit (loss) carried forward14 | €8,068 | €15,833 | ▲ 96.2% |
| Amounts payable17/49 | €6,948 | €8,053 | ▲ 15.9% |
| Amounts payable within one year42/48 | €6,948 | €8,053 | ▲ 15.9% |
| Trade debts44 | €3,557 | €837 | ▼ 76.5% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €7,724 | €7,765 | ▲ 0.5% |
| Operating cash flow (approximation) | €7,724 | €7,765 | ▲ 0.5% |
| Change in cash | - | €1,585 | - |
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
2024
28-03
Bankruptcy
Judicial dissolution and immediate closure
Ondernemingsrechtbank Gent, afdeling Oostende
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 72 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 61 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 61 days late
2013
23-09
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 54 days late
2012
01-10
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 62 days late
2011
31-08
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 31 days late
2010
31-08
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 31 days late
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Zedelgem · 1 establishment unit since 1996
Ground area
3,340 m²
Building footprint
359 m²
Volume, LiDAR
2,003 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SPINNEWYN BVBA
since 19962.076.375.961
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31017E0197/00E000 | Flanders | 3,087 m² | 1 · 269 m² | 8.9 m · 2 fl. |
| 31523F0735/00K000 | Flanders | 253 m² | 1 · 89 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded08-03-1996
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.