SPIRITS BY DESIGN
ActiveSummary
The annual accounts of SPIRITS BY DESIGN for fiscal year 2026 show a net loss of 61% of the equity at the start of that year. The 2026 annual accounts show equity of €63,224 and a net result of -€99,297. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 24% of 137 sector peers (fiscal year 2026). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability5▼-40
Solvency37▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.49 against 0.89 in 2025; short-term debt: 26.7% and cash: 1% of total assets), and 88% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2026Solvency, return and age of the figures
Solvency
12%
Return on assets
-18.8%
Age of the figures
6 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
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1920212223242526
2019 to 2026 · latest year -€99,297
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 137 sector peers (2026).
NBB · sector comparisonPosition among 137 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 24-09-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
37 d early
2025
34 d late
2024
7 d early
2023
36 d early
2022
31 d early
2021
23 d early
2020
33 d early
← 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 19 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 30 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€63,224▼ 61.1%
2025 · €162,521
Total assets
€527,277▼ 29.9%
2025 · €752,171
Net result
-€99,297▼ 3,105%
2025 · -€3,098
Working capital
-€71,161▼ 169%
2025 · -€26,441
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€52,648▼ 42.6%€21,595▼ 59.0%€27,108▲ 25.5%€11,370▼ 58.1%-€22,518
Net result€45,933within the sector's middle half▼ 33.4%€8,422within the sector's middle half▼ 81.7%€9,508within the sector's middle half▲ 12.9%-€3,098below the sector's middle half-€99,297▼ 3,105%
Equity€147,690within the sector's middle half▲ 45.1%€156,111within the sector's middle half▲ 5.7%€165,619within the sector's middle half▲ 6.1%€162,521within the sector's middle half▼ 1.9%€63,224▼ 61.1%
Total assets€858,025within the sector's middle half▲ 218%€862,518within the sector's middle half▲ 0.5%€789,973within the sector's middle half▼ 8.4%€752,171within the sector's middle half▼ 4.8%€527,277▼ 29.9%
Debt€710,335▲ 322%€706,406▼ 0.6%€624,354▼ 11.6%€589,650▼ 5.6%€464,053▼ 21.3%
Working capital€22,532below the sector's middle half▼ 68.7%-€1,567below the sector's middle half-€15,233below the sector's middle half▼ 872%-€26,441below the sector's middle half▼ 73.6%-€71,161▼ 169%
Solvency17.2%below the sector's middle half▼ 20.5pp18.1%below the sector's middle half▲ 0.9pp21.0%below the sector's middle half▲ 2.9pp21.6%within the sector's middle half▲ 0.6pp12.0%▼ 9.6pp
Current ratio1.09below the sector's middle half▼ 0.350.99below the sector's middle half▼ 0.100.93below the sector's middle half▼ 0.060.89below the sector's middle half▼ 0.050.49▼ 0.39
Return on assets (ROA)5.4%within the sector's middle half▼ 20.2pp1.0%within the sector's middle half▼ 4.4pp1.2%within the sector's middle half▲ 0.2pp-0.4%below the sector's middle half▼ 1.6pp-18.8%▼ 18.4pp
Staff (FTE)1.1below the sector's middle half▼ 59.3%2.9within the sector's middle half▲ 164%0.7below the sector's middle half▼ 75.9%1.2within the sector's middle half▲ 71.4%2.7▲ 125%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2026: a loss of €22,518 after €11,370 in 2025, the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €527,277
Fixed assets
€457,662 ▼ 16.6%
Current assets
€69,616 ▼ 65.8%
Equity and liabilities €527,277
Equity
€63,224 ▼ 61.1%
Debt
€464,053 ▼ 21.3%
Debt's share of the balance-sheet total rises from 78.4% to 88.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€7,935▼
2025 · €46,078
Cash flow
-€68,845▼
2025 · €31,609
Quick ratio
0.25▼
2025 · 0.58
Debt to equity
7.34▲
2025 · 3.63
ROE
-157.1%▼
2025 · -1.9%
Interest coverage
0.57▼
2025 · 3.26
Debt ≤ 1 year
€140,776▼
2025 · €230,138
Debt > 1 year
€323,277▼
2025 · €359,512
Income taxes
€213▼
2025 · €344
Staff costs
€10,139▼
2025 · €12,736
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,294 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,294 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €26,508 | €65,057 | ▲ 145% |
| Remuneration, social security and pensions62 | €24,561 | €38,838 | €8,879 | €12,736 | €10,139 | ▼ 20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,723 | €44,831 | €39,794 | €34,707 | €30,453 | ▼ 12.3% |
| Other operating charges640/8 | €1,177 | €6,708 | €7,356 | €6,709 | €6,458 | ▼ 3.7% |
| Gross operating margin9900 | €113,109 | €111,973 | €83,136 | €65,523 | €24,532 | ▼ 62.6% |
| Operating profit (loss)9901 | €52,648 | €21,595 | €27,108 | €11,370 | -€22,518 | ▼ 298% |
| Financial income75/76B | €3,713 | €493 | €1,641 | €1 | €46 | ▲ 7,258% |
| Recurring financial income75 | €397 | €493 | €1,401 | €1 | €46 | ▲ 7,258% |
| Non-recurring financial income76B | €3,316 | €0 | €240 | €0 | - | - |
| Financial charges65/66B | €8,927 | €11,021 | €13,699 | €14,125 | €76,612 | ▲ 442% |
| Recurring financial charges65 | €8,595 | €11,021 | €13,699 | €14,125 | €13,913 | ▼ 1.5% |
| Non-recurring financial charges66B | €332 | €0 | - | - | €62,699 | - |
| Profit (loss) for the period before taxes9903 | €47,433 | €11,067 | €15,049 | -€2,754 | -€99,084 | ▼ 3,498% |
| Income taxes67/77 | €1,501 | €2,645 | €5,541 | €344 | €213 | ▼ 38.1% |
| Profit (loss) for the period9904 | €45,933 | €8,422 | €9,508 | -€3,098 | -€99,297 | ▼ 3,105% |
| Profit (loss) for the period to be appropriated9905 | €45,933 | €8,422 | €9,508 | -€3,098 | -€99,297 | ▼ 3,105% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €858,025 | €862,518 | €789,973 | €752,171 | €527,277 | ▼ 29.9% |
| Fixed assets21/28 | €584,220 | €622,368 | €583,181 | €548,474 | €457,662 | ▼ 16.6% |
| Tangible fixed assets22/27 | €577,970 | €558,118 | €518,931 | €484,224 | €456,112 | ▼ 5.8% |
| Land and buildings22 | €546,991 | €540,247 | €510,907 | €481,566 | €452,226 | ▼ 6.1% |
| Plant, machinery and equipment23 | €18,381 | €7,689 | €914 | €0 | - | - |
| Furniture and vehicles24 | €8,553 | €7,194 | €4,122 | €1,785 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €4,046 | €2,988 | €2,988 | €873 | €3,885 | ▲ 345% |
| Financial fixed assets28 | €6,250 | €64,250 | €64,250 | €64,250 | €1,550 | ▼ 97.6% |
| Current assets29/58 | €273,805 | €240,149 | €206,792 | €203,697 | €69,616 | ▼ 65.8% |
| Stocks and contracts in progress3 | €126,450 | €126,737 | €118,468 | €70,000 | €33,881 | ▼ 51.6% |
| Stocks30/36 | €126,450 | €126,737 | €118,468 | €70,000 | €33,881 | ▼ 51.6% |
| Amounts receivable within one year40/41 | €114,818 | €100,742 | €56,424 | €111,265 | €28,727 | ▼ 74.2% |
| Trade receivables40 | €98,292 | €88,398 | €48,597 | €106,025 | €28,727 | ▼ 72.9% |
| Other amounts receivable41 | €16,526 | €12,344 | €7,827 | €5,240 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €31,575 | €12,670 | €31,900 | €21,187 | €5,495 | ▼ 74.1% |
| Deferred charges and accrued income490/1 | €961 | €0 | - | €1,244 | €1,512 | ▲ 21.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €858,025 | €862,518 | €789,973 | €752,171 | €527,277 | ▼ 29.9% |
| Equity10/15 | €147,690 | €156,111 | €165,619 | €162,521 | €63,224 | ▼ 61.1% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €127,690 | €136,111 | €145,619 | €142,521 | €43,224 | ▼ 69.7% |
| Non-distributable reserves130/1 | €1,634 | €1,634 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,634 | €1,634 | €0 | - | - | - |
| Distributable reserves133 | €126,055 | €134,477 | €145,619 | €142,521 | €43,224 | ▼ 69.7% |
| Amounts payable17/49 | €710,335 | €706,406 | €624,354 | €589,650 | €464,053 | ▼ 21.3% |
| Amounts payable after more than one year17 | €450,665 | €450,691 | €402,329 | €359,512 | €323,277 | ▼ 10.1% |
| Financial debts170/4 | €450,665 | €450,691 | €402,329 | €359,512 | €323,277 | ▼ 10.1% |
| Amounts payable within one year42/48 | €251,273 | €241,716 | €222,025 | €230,138 | €140,776 | ▼ 38.8% |
| Current portion of amounts payable after more than one year42 | €42,606 | €52,487 | €48,362 | €51,817 | €36,235 | ▼ 30.1% |
| Financial debts43 | €142,737 | €150,992 | €137,957 | €123,041 | €100,000 | ▼ 18.7% |
| Credit institutions430/8 | €142,737 | €150,992 | €137,957 | €123,041 | €100,000 | ▼ 18.7% |
| Trade debts44 | €60,466 | €17,623 | €21,607 | €39,517 | €370 | ▼ 99.1% |
| Suppliers440/4 | €60,466 | €17,623 | €21,607 | €39,517 | €370 | ▼ 99.1% |
| Advances received on contracts in progress46 | - | - | €1,335 | €0 | - | - |
| Taxes, remuneration and social security45 | €5,464 | €20,614 | €12,765 | €5,872 | €4,172 | ▼ 29.0% |
| Taxes450/3 | €5,464 | €15,751 | €11,987 | €4,934 | €4,138 | ▼ 16.1% |
| Remuneration and social security454/9 | €0 | €4,863 | €778 | €938 | €34 | ▼ 96.4% |
| Other amounts payable47/48 | €0 | - | - | €9,890 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €8,398 | €13,999 | €0 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,933 | €8,422 | €9,508 | -€3,098 | -€99,297 | ▼ 3,105% |
| + Depreciation and write-downs630 | €34,723 | €44,831 | €39,794 | €34,707 | €30,453 | ▼ 12.3% |
| Operating cash flow (approximation) | €80,656 | €53,253 | €49,302 | €31,609 | -€68,845 | ▼ 318% |
| Investment in fixed assets (approximation) | - | -€82,980 | -€607 | €0 | €60,360 | - |
| Change in cash | - | -€18,905 | €19,230 | -€10,713 | -€15,692 | ▼ 46.5% |
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
Next filing, fiscal year 2027, expected by
2026
24-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
03-06
State Gazette act
Resignation: Tim VEYS (non-statutory director)Appointments: Jonas TANGHE (non-statutory director) and Eline AMEYE (non-statutory director) · Power of attorney6 facts ▸
State Gazette act
Resignation: Tim VEYS (non-statutory director)
Appointments: Jonas TANGHE (non-statutory director) and Eline AMEYE (non-statutory director) · Power of attorney6 facts ▸
- General meeting, 13-05-2026
- Director resignation, Tim VEYS (non-statutory director)
- Director appointment, Jonas TANGHE (non-statutory director)
- Director appointment, Eline AMEYE (non-statutory director)
- Power of attorney, Sofie LANNAU
- Power of attorney, Jan PISON
31-03
Financial
Weakest financial yearnet -€99,297
Net result drops to -€99,297, the lowest in the series.
2025
04-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 34 days late
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €150,000Eq €156,111 ▲5.7%
5 profitable years in a row build equity to €156,111.
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
08-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Highest result since 2019net €68,939 ▲450%
Operating result €91,701, net result €68,939, both a record.
31-03
Financial
Equity above €100,000Eq €101,757 ▲230%
3 profitable years in a row build equity to €101,757.
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2019
18-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Eline AMEYE
CurrentNon-statutory director · since 13-05-2026
Jonas TANGHE
CurrentNon-statutory director · since 13-05-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Avelgem · 1 establishment unit since 2015
Ground area
2,424 m²
Building footprint
889 m²
Volume, LiDAR
6,100 m³
Parcel 34008A0399/00H002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SPIRITS BY DESIGN
since 20152.239.664.078
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34008A0399/00H002 | Flanders | 2,424 m² | 1 · 889 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Eline AMEYE |
|
| Jonas TANGHE |
|
| Tim VEYS |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Public money · subsidies and aid
Flemish government
2022 · 2 entries · 4,260 EUR awarded · 4,260 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 4,260 EUR | 4,260 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteAvelgem2.239.664.078
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Of 1,583 companies in sector 46349 we hold annual accounts for 991. 635 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-02-2015
Fiscal year end31-03
Activities, NACEBEL 2025
11010Manufacture of beverages
46349Wholesale of beverages, general range
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0598836032
Also
9925:BE0598836032
Registered
24-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.