Equity
-€674,558
Debts exceed assets in financial year 2025.
SPINOFF
Lifetime
20 annual accounts with figures on one time axis, 28 filings since 1998peak €502,813 (2016)
€371,623▲ 20.4%
lowest -€3.1m (2016)
-€14,909▲ €48,717
peak €623,677 (2008)
-€674,558▼ €14,909
€3.1m▼ 8.4%
Board15 names since 2015all names
2 directors and 1 other
Owners5 names in the annual accounts
consolidates
Documentsfilings and deeds
01-07-202630 days before the deadline
2025abbreviated format
Gross margin from €308,647 to €371,623Loss of €14,909Cash from €109,739 to €15,211
Key points
from the 2025 annual accountsLosses
-€3.9m in ten years
Every financial year from 2016 to 2025 closed with a loss. 2016 was the heaviest.
Debts
€3.1m 128% of the balance sheet
Financial debts 37%Suppliers 0%Taxes and wages 0%Other 63%
Of this, €1.9m falls due within a year.
Investments
€20,588 0.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 1621.2% higher than in 2024.
Filings
28 annual accounts since 1998
Two of the last ten came late. The 2016 accounts came latest: 31 days after the end of the period.
Position in the sector
-€674,558
Less equity than 95% of companies in real estate. Sector median €403,257 · 12,434 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,241 companies had the same profile as SPINOFF has now. Each dot stands for 4 companies, two years later.
92.7%
were still trading
4.0%
stopped another way
1.9%
went bankrupt
Another 1.5% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,241 companies, not a prediction for SPINOFF. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Managing director
Director, since 14-03-2024
Auditor,
- consolidatesscore equity €5.6m (2025) · annual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0462009119
Registered office moved from Oudsbergen to Leuven
New registered office: Romeinse Straat 10, 3001 Leuven · Previous registered office: Industrieweg-Noord 1161, 3660 Oudsbergen · Resignations: (managing director) and (managing director) · General meeting of 14-03-2024 · Gazette deed
Amendment of the articles
General meeting of 19-10-2023 · Gazette deed
Reappointment: (statutory auditor)
General meeting of 01-07-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SPINOFF Leuven | €2.4m | €371,623 | -28.1% | - |
| GEERT LIPPENS MANAGEMENT Kruisem | €2.3m | €400,775 | 50.7% | - |
| Seny & Rauxa Mont-Saint-Guibert | €2.3m | €303,770 | 42.1% | - |
| HET LANDGOED DEVELOPMENT Antwerp | €2.5m | €428,725 | 26.7% | 6.4 |
| ISEM Wevelgem | €2.3m | €255,409 | 10.6% | - |
| MASIMMO Torhout | €3.0m | €345,898 | 53.0% | - |
| DOMI Manage | €2.5m | €632,175 | 74.5% | 4.1 |
These companies have the same main activity as SPINOFF: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €2.3m and €3m, founded between 1994 and 1998.
Official details
Source: KBO- Status
- Active since 28-11-1997Normal situation
- Activity
- Development of residential building projectsNACE 68121and 2 others
- Establishment unit
- 2.084.623.0403001 Leuven, since 18-12-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- ≈ €660,000estimated
- €2.4m▼ 11.0%
- Filing
- Filed on 01-07-2026, 30 days before the end of the filing period
Insights on SPINOFF
SPINOFF files the abbreviated format. That format states no turnover. The gross margin fell from €449,284 in 2006 to €371,623 in 2025.
In April 2024, the Official Gazette published the appointment of as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SPINOFF
- What is the company number of SPINOFF?
- The company number of SPINOFF is 0462.009.119. The VAT number is the same number with BE in front: BE 0462.009.119.
- Where is SPINOFF based?
- The registered office is at Romeinse straat 10, 3001 Leuven.Company details
- What does SPINOFF do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of SPINOFF?
- SPINOFF is a public limited company (NV).
- When was SPINOFF founded?
- SPINOFF was founded on 28-11-1997.
- Is SPINOFF still active?
- Yes, SPINOFF is an active enterprise in the KBO register.
- What is the turnover of SPINOFF?
- The turnover in financial year 2025 is ≈ €660,000. This figure is estimated from the gross margin of €371,623 and 40 comparable companies (NACE 681). It probably lies between €500,000 and €1.1m. In financial year 2018 turnover was €389,419.Financials
- Is SPINOFF profitable?
- In financial year 2025, SPINOFF made a loss of €14,909.
- Where can I find the annual accounts of SPINOFF?
- SPINOFF filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SPINOFF due?
- SPINOFF must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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