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Generated 30-07-2026
Active BE 0632.944.103Coöperatieve vennootschap met beperkte aansprakelijkheid

SPIRO173

Louis D'Haeseleerstraat 27 ·9300 Aalst, Belgium· 11 yrs active
Sector: NACE 94993 (94993)
Conclusion Checked

The computed 12-month bankruptcy probability of SPIRO173 is < 0.1% (very low). The 2024 annual accounts show negative equity (€-71k) and a net result of €540. Equity is shrinking by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 80 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €-71k
Net result €540
Better than sector 5%
Active 11 yrs
Snowflake analysis 5 axes · computed by Checked
Health8Profitability0Solvency37Growth58Stability100
41 / 100

Fragile profile, watch profitability in particular.

Health 8
Profitability 0
Solvency 37
Growth 58
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
< 0.1% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Lower-risk legal form −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Established
Founded in 2015, 11 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
8 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview9 NBB filings
Annual accounts filed on 04-02-2025 with the NBB · fiscal year 2024 · micro
€-150k€-100k€-50k€0Operating result 2020: €-15k€-15kNet result 2020: €-125k€-125kOperating result 2021: €-11k€-11kNet result 2021: €-11k€-11kOperating result 2022: €-10k€-10kNet result 2022: €-10k€-10kOperating result 2023: €0€0Net result 2023: €-55€-55Operating result 2024: €580€580Net result 2024: €540€54020202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~10.9%/year over 6 fiscal years, indicative, assuming unchanged policy.
€-125k€-100k€-75k€-50k€-25k2025: €-86k (€-96k - €-76k)2026: €-93k (€-109k - €-78k)2027: €-100k (€-122k - €-79k)2019: €-35k2020: €-50k2021: €-61k2022: €-72k2023: €-72k2024: €-71k201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
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).

Sector comparison
Fiscal year 2024 · NACE 94 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -2252.0% 51.8%
better than 5% of 80 sector peers
Net result €540 €6k
better than 34% of 80 sector peers
Equity €-71k €43k
better than 5% of 80 sector peers
Gross operating margin €580 €63k
better than 14% of 80 sector peers
Total assets €3k €144k
better than 5% of 81 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€0
- -100% vs sector
Net profit
€540
- -99% vs sector
Cash flow
€-55
+98.9% far below sector median
Total assets
€3k
+26.5% -99% vs sector
Equity
€-71k
+0.8% far below sector median
Working capital
€-1k
+27.1% far below sector median
Debt
€74k
+0.2% -34% vs sector
Debt ≤ 1y
€4k
+3.0% -96% vs sector
Debt > 1y
€70k
0.0% 19-24
Current ratio
0.65
+28.2% -86% vs sector
Quick ratio
0.51
+40.2% -89% vs sector
Solvency
-2252.0%
+21.6% far below sector median
Debt / equity
-1.04
-0.9% far below sector median
ROE
-0.8%
- far below sector median
ROA
17.1%
- -39% vs sector
Interest coverage
0.00
- -100% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA-
Net profit€540
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€3k
Equity€-71k
Debt€74k
of which ≤ 1y€4k
of which > 1y€70k
Working capital€-1k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.65
Quick ratio0.51
Working capital ratio-46.1%
Solvency-2252.0%
Debt / equity-1.04
Long-term debt ratio-0.99
Interest coverage-
Gross margin-
Net margin-
ROA17.1%
ROE-0.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€3k
Formation expenses 20€427
Current assets 29/58€3k
Stocks & contracts in progress 3€578
Amounts receivable within one year 40/41€702
Cash & bank 54/58€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€3k
Equity 10/15€-71k
Contributions / capital 10/11€75k
Accumulated profits (losses) 14€-146k
Amounts payable 17/49€74k
Amounts payable after one year 17€70k
Amounts payable within one year 42/48€4k
Income statement
Gross operating margin 9900€580
Operating result 9901€580
Financial income 75€1
Financial charges 65€42
Result before taxes 9903€540
Net result for the period 9904€540
Result to be appropriated 9905€540
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary 94993
Legal form Coöperatieve vennootschap met beperkte aansprakelijkheid(008)
Incorporation01-07-2015
StatusActive
Postal code9300
Establishment units 1 location
SPIRO173
Louis D'Haeseleerstraat 27 - 22, 9300 AalstOverige activiteiten van uitgeverijen, met uitzondering van het uitgeven van software
since 20152.243.868.831
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41002A2344/00A000
ProtectedMonumentTheresianenklooster: 18de-eeuws restant annonciadenkloosterSource ↗
 Flanders 6,904 m² 1 · 255 m² 19.8 m
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
04-02-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
31-05-2024
State Gazette act Director changes
24-05-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
24-05-2024
NBB filing Annual accounts filed
fiscal year 2022 · micro
24-05-2024
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
07-05-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
07-02-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
12-02-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2017
30-12-2017
NBB filing Annual accounts filed
fiscal year 2017 · micro
05-01-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 2 years ago
2024
31-05-2024 2 directors appointed, 2 resigning Director changes
  • Cindy Maas, Niet-statutair bestuurder
  • BV DANDELIUM, Niet-statutair bestuurder
  • Bryony Duckitt, Niet-statutair bestuurder
  • Leen Schenkel, Niet-statutair bestuurder
Technical details 
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Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Verenigingen op het vlak van ziektepreventie en gezondheidsbevordering94993Verenigingen op het vlak van ziektepreventie en gezondheidsbevordering94993Computerconsultancy-activiteiten62020Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200Overige dienstverlenende activiteiten op het gebied van informatie63920Overige dienstverlenende activiteiten op het gebied van informatie, n.e. g.63990Reclamebureaus73110Activiteiten van reclamebureaus73110Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990Overige menselijke gezondheidszorg, n.e.g.86909Activiteiten op het gebied van voeding86995
Primary activity highlighted.
Names & trade names
Legal nameNL SPIRO173
Registered office
Louis D'Haeseleerstraat 27 bus 22
9300 Aalst, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative