SPIRIDON GROUP
SPIRIDON GROUP has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €-3k. Equity is shrinking by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 23% of 10963 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
| Equity | €6k |
| Net result | €-3k |
| Better than sector | 23% |
| Active | 9 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 5.7% | 42.5% | |
| Net result | €-3k | €6k | |
| Equity | €6k | €60k | |
| Gross operating margin | €246 | €29k | |
| Staff costs | €2k | €37k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | €48k | €130k | €503k | €308k | €220k |
| EBITDA | €-2k | €-14k | €2k | - | - |
| Net profit | €-3k | €-14k | €553 | €-2k | €18k |
| Cash flow | €-3k | €-14k | €746 | - | - |
| Staff costs | €2k | €31k | €29k | €35k | €4k |
| Income taxes | - | - | - | €1k | - |
| Dividends | - | - | - | - | - |
| Total assets | €105k | €121k | €478k | €180k | €150k |
| Equity | €6k | €9k | €24k | €23k | €25k |
| Debt | €99k | €112k | €455k | €157k | €125k |
| of which ≤ 1y | €98k | €107k | €445k | €150k | €108k |
| of which > 1y | €758 | €5k | €9k | €7k | €17k |
| Working capital | €6k | €12k | €27k | €29k | €42k |
| Employees (FTE) | - | - | 1.0 | 1.6 | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.07 | 1.11 | 1.06 | 1.20 | 1.39 |
| Quick ratio | 0.50 | 0.70 | 0.96 | 0.90 | 0.98 |
| Working capital ratio | 6.1% | 9.5% | 5.6% | 16.4% | 28.2% |
| Solvency | 5.7% | 7.6% | 4.9% | 12.8% | 16.7% |
| Debt / equity | 16.44 | 12.18 | 19.31 | 6.81 | 4.97 |
| Long-term debt ratio | 0.13 | 0.55 | 0.40 | 0.29 | 0.69 |
| Interest coverage | -1.24 | -2.67 | 0.59 | - | - |
| Gross margin | 0.5% | 13.3% | 6.8% | 11.3% | 11.7% |
| Net margin | -6.7% | -11.0% | 0.1% | -0.7% | 8.1% |
| ROA | -3.1% | -11.8% | 0.1% | -1.2% | 11.9% |
| ROE | -53.5% | -155.6% | 2.3% | -9.4% | 70.9% |
| EBITDA margin | -4.4% | -10.6% | 0.3% | - | - |
| Days sales outstanding | 156d | 116d | 216d | 118d | 111d |
| Days payable outstanding | 529d | 256d | 318d | 165d | 111d |
| Inventory turnover | 0.86 | 2.56 | 10.62 | 6.18 | 4.40 |
| Days inventory (DSI) | 425d | 143d | 34d | 59d | 83d |
Full annual accounts (26 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €105k | €121k | €478k | €180k | €150k |
| Fixed assets | 21/28 | €385 | €3k | €6k | €200 | €200 |
| Tangible fixed assets | 22/27 | €385 | €964 | €2k | - | - |
| Financial fixed assets | 28 | - | €2k | €5k | €200 | €200 |
| Current assets | 29/58 | €104k | €119k | €472k | €179k | €150k |
| Stocks & contracts in progress | 3 | €56k | €44k | €44k | €44k | €44k |
| Amounts receivable within one year | 40/41 | €46k | €74k | €347k | €127k | €75k |
| Cash & bank | 54/58 | €3k | €596 | €81k | €4k | €26k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €105k | €121k | €478k | €180k | €150k |
| Equity | 10/15 | €6k | €9k | €24k | €23k | €25k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €1k | €1k | €1k | €1k | €1k |
| Accumulated profits (losses) | 14 | €-1k | €2k | €16k | €16k | €18k |
| Amounts payable | 17/49 | €99k | €112k | €455k | €157k | €125k |
| Amounts payable after one year | 17 | €758 | €5k | €9k | €7k | €17k |
| Amounts payable within one year | 42/48 | €98k | €107k | €445k | €150k | €108k |
| Trade debts payable within one year | 44 | €69k | €79k | €408k | €124k | €59k |
| Income statement | ||||||
| Turnover | 70 | €48k | €130k | €503k | €308k | €220k |
| Gross operating margin | 9900 | €246 | €17k | €34k | €35k | €26k |
| Operating result | 9901 | €-3k | €-14k | €1k | €-762 | €21k |
| Financial income | 75 | €1k | €5k | €2k | €2k | - |
| Financial charges | 65 | €2k | €5k | €3k | €2k | €3k |
| Result before taxes | 9903 | €-3k | €-14k | €553 | €-1k | €18k |
| Income taxes | 67/77 | - | - | - | €1k | - |
| Net result for the period | 9904 | €-3k | €-14k | €553 | €-2k | €18k |
| Result to be appropriated | 9905 | €-3k | €-14k | €553 | €-2k | €18k |
| NACE primary | Wholesale trade(46474) |
| Legal form | Private limited company(610) |
| Incorporation | 12-01-2017 |
| Status | Active |
| Postal code | 7500 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57031B0400/00M002 | Wallonia | 1,347 m² | 1 · 466 m² | 6.9 m · 2 fl. |
| 57462C0119/00D000 | Wallonia | 263 m² | 1 · 65 m² | 12.8 m · 4 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
14-11-2023 Registered office moved to Tournai
- 7500 Tournai, rue Haigne, 20
Technical details
{
"events": [
{
"kind": "zetel_clause_amendment_no_move",
"seat_type": "siege_social",
"new_address": null,
"old_address": {
"raw": "Rue de l\u0027Ancienne Potence(FRY) 21 : 7503 Tournai",
"city": "Tournai",
"region": "waals_gewest",
"street": "Rue de l\u0027Ancienne Potence",
"country": "BE",
"postcode": "7503",
"box_number": null,
"street_number": "21",
"locality_suffix": "(FRY)"
},
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": null,
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": null
},
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "7500 Tournai, rue Haigne, 20",
"city": "Tournai",
"region": "waals_gewest",
"street": "rue Haigne",
"country": "BE",
"postcode": "7500",
"box_number": null,
"street_number": "20",
"locality_suffix": null
},
"old_address": null,
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "inferred",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": null,
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": null
}
],
"notary": {
"name": "Valentin Delwart",
"firm_city": null,
"firm_name": null,
"office_city": "Tournai",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2023-11-14",
"filing_date": "2023-11-10",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2023-11-06",
"unanimous": true
},
"subject_company": {
"kbo": "0669.522.110",
"name_full": "SPIRIDON DECO",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Valentin DELWART",
"org_rep_person_name": null,
"person_role_at_subject": "Notaire associ\u00E9"
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad - 14/11/2023 - Annexes du Moniteur belge"
]
}| Legal nameFR | SPIRIDON GROUP |