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SPIRIT

Active
Private limited companyfounded 200026 yrs activeAvenue Montefiore 65, 4130 Esneux, BelgiumKBO/BCE: BE 0471.007.848
Summary

SPIRIT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€181,831) and a net result of €3,155. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 12% of 1070 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysisWatch ReportCompare
SPIRITActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Activity
Other sports activities
NACE 93199NACE 92623
1 site
Size
€71,700turnover 2025
Equity
-€181,831
Profit
€3,155
Financial health
55 Fair Checked score 2025
Bankruptcy chance 12 m
0.5%
Structure
Parent
SIGAM SA · 100%
Accounts 2 d early0 of 6 deeds read
Why 55Capped at 59: negative equity- Negative equity -€181,831- Liquidity: current ratio 1.09, cash €8,984+ Size: turnover €71,700, total assets €314,913+ Sector Sports, amusement and recreation activities (NACE 93)Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 36% of its sector peers (NACE 93, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -57.7% of total assets
Liquidity 54+1
short-term debt 9.8% · cash 2.9%
Profitability 65-9
return on assets 1.0%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (4,256 companies)
Last 24 months 11-2024: 1.6% 12-2024: 1.6%● 0.0% vs 11-2024 01-2025: 1.6%▲ +2.1% vs 12-2024 02-2025: 1.6%● 0.0% vs 01-2025 03-2025: 1.6%● 0.0% vs 02-2025 04-2025: 1.7%▲ +1.7% vs 03-2025highest value 05-2025: 0.7%▼ -58.3% vs 04-2025 06-2025: 0.6%▼ -10.1% vs 05-2025 07-2025: 0.7%▲ +17.0% vs 06-2025 08-2025: 0.6%▼ -23.8% vs 07-2025 09-2025: 0.6%● 0.0% vs 08-2025 10-2025: 0.6%● 0.0% vs 09-2025 11-2025: 0.6%● 0.0% vs 10-2025 12-2025: 0.6%● 0.0% vs 11-2025 01-2026: 0.6%▲ +2.5% vs 12-2025 02-2026: 0.6%● 0.0% vs 01-2026 03-2026: 0.6%● 0.0% vs 02-2026 04-2026: 0.6%▲ +5.8% vs 03-2026 05-2026: 0.6%● 0.0% vs 04-2026 06-2026: 0.5%▼ -10.3% vs 05-2026 07-2026: 0.6%▲ +1.8% vs 06-2026 08-2026: 0.5%▼ -3.1% vs 07-2026lowest value 09-2026: 0.5%● 0.0% vs 08-2026lowest value 10-2026: 0.5%● 0.0% vs 09-2026lowest value
  • Size: turnover €71,700, total assets €314,913 lowers the probability for this profile
  • Negative equity -€181,831 raises the probability
  • Sector Sports, amusement and recreation activities (NACE 93) lowers the probability
  • Liquidity: current ratio 1.09, cash €8,984 raises the probability
No credit on open account
Liquidity tight (current ratio 1.09 against 1.59 in 2024; short-term debt: 9.8% and cash: 2.9% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 93, micro). Better than this share of them on solvency 9%, liquidity 58%, profitability 43%, growth against the median 36%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: turnover €71,700, total assets €314,913
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Negative equity -€181,831
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Sports, amusement and recreation activities (NACE 93)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Liquidity: current ratio 1.09, cash €8,984
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 1070 sector peers (2025).
NBB · sector comparison
Position among 1070 sector peers
Solvency
better than 12%
← weakest strongest →
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 d early
2024
2 d early
2023
28 d late
2022
on the day
2021
40 d early
2020
31 d late
2019
47 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 29 July (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Back to profitnet €8,552

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€181,831 View
  • Caution: Among the weakest 10% on equitysector median €160,293 · 1,071 companies -€181,831 View
  • Controlled by SIGAM SAknown shareholders 100% 100% View

By topic

Financials

Fiscal year
2025
Turnover
€71,700
Profit
€3,155
Solvency
-57.7%
Turnover▼ 13.8%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 29-07-2026Annual accounts filed
  2. 29-07-2025Annual accounts filed
  3. 31-12-2024Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other sports activitiesNACE 93199
Founded
18-02-2000
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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