SPIROR
ActiveSummary
SPIROR has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €36,089 and a net result of -€6,615. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 33% of 1631 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability23▼-46
Solvency56▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 1.6 against 1.44 in 2023; short-term debt: 47.7% and cash: 21.2% of total assets), but 69.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% 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 2024Solvency, return and age of the figures
Solvency
30.9%
Return on assets
-5.7%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
76 d late
2022
9 d late
2021
13 d early
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 22 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€36,089▼ 15.5%
2023 · €42,704
Total assets
€116,773▼ 19.8%
2023 · €145,591
Net result
-€6,615
2023 · €215
Working capital
€33,276▼ 16.8%
2023 · €39,994
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€20,452€5,363€37,491▲ 599%€2,501▼ 93.3%-€5,821
Net result-€22,083€4,276€30,040▲ 603%€215▼ 99.3%-€6,615
Equity€8,173▼ 73.0%€12,449▲ 52.3%€42,489▲ 241%€42,704▲ 0.5%€36,089▼ 15.5%
Total assets€38,351▼ 52.1%€39,548▲ 3.1%€100,355▲ 154%€145,591▲ 45.1%€116,773▼ 19.8%
Debt€30,177▼ 39.4%€27,099▼ 10.2%€57,867▲ 114%€102,887▲ 77.8%€80,684▼ 21.6%
Working capital€9,451▼ 66.8%€13,574▲ 43.6%€42,300▲ 212%€39,994▼ 5.4%€33,276▼ 16.8%
Staff (FTE)0.71.4▲ 100%2▲ 42.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €5,821 after €2,501 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €116,773
Fixed assets
€27,759 ▲ 98.7%
Current assets
€89,013 ▼ 32.4%
Equity and liabilities €116,773
Equity
€36,089 ▼ 15.5%
Debt
€80,684 ▼ 21.6%
Debt's share of the balance-sheet total falls from 70.7% to 69.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,815▼
2023 · €16,187
Cash flow
€2,021▼
2023 · €13,901
Current ratio
1.60▲
2023 · 1.44
Quick ratio
1.43▲
2023 · 1.34
Debt to equity
2.24▼
2023 · 2.41
ROE
-18.3%▼
2023 · 0.5%
ROA
-5.7%▼
2023 · 0.1%
Interest coverage
1.36▼
2023 · 10.90
Debt ≤ 1 year
€55,738▼
2023 · €91,627
Debt > 1 year
€24,946▲
2023 · €11,260
Income taxes
€316▼
2023 · €1,851
Staff costs
€105,125▼
2023 · €121,708
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €38,809 | €121,708 | €105,125 | ▼ 13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,447 | €6,447 | €10,623 | €13,686 | €8,636 | ▼ 36.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €168 | - |
| Other operating charges640/8 | - | - | €1,169 | €1,318 | €3,845 | ▲ 192% |
| Non-recurring operating charges66A | - | - | - | - | €358 | - |
| Gross operating margin9900 | -€10,649 | €16,492 | €88,092 | €139,213 | €112,311 | ▼ 19.3% |
| Operating profit (loss)9901 | -€20,452 | €5,363 | €37,491 | €2,501 | -€5,821 | ▼ 333% |
| Financial income75/76B | - | - | €78 | €1,050 | €1,599 | ▲ 52.3% |
| Recurring financial income75 | - | - | €78 | €1,050 | €1,599 | ▲ 52.3% |
| Financial charges65/66B | - | - | €2,229 | €1,485 | €2,076 | ▲ 39.8% |
| Recurring financial charges65 | €468 | €421 | €1,359 | €1,485 | €2,076 | ▲ 39.8% |
| Non-recurring financial charges66B | - | - | €870 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€21,772 | €4,642 | €35,340 | €2,066 | -€6,299 | ▼ 405% |
| Income taxes67/77 | €311 | €366 | €5,300 | €1,851 | €316 | ▼ 82.9% |
| Profit (loss) for the period9904 | -€22,083 | €4,276 | €30,040 | €215 | -€6,615 | ▼ 3,176% |
| Profit (loss) for the period to be appropriated9905 | -€22,083 | €4,276 | €30,040 | €215 | -€6,615 | ▼ 3,176% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,351 | €39,548 | €100,355 | €145,591 | €116,773 | ▼ 19.8% |
| Fixed assets21/28 | €18,803 | €12,356 | €27,656 | €13,970 | €27,759 | ▲ 98.7% |
| Tangible fixed assets22/27 | €18,803 | €12,356 | €27,656 | €13,970 | €27,759 | ▲ 98.7% |
| Furniture and vehicles24 | - | - | €27,656 | €13,970 | €27,759 | ▲ 98.7% |
| Current assets29/58 | €19,547 | €27,191 | €72,699 | €131,621 | €89,013 | ▼ 32.4% |
| Stocks and contracts in progress3 | - | - | - | €8,410 | €9,503 | ▲ 13.0% |
| Stocks30/36 | - | - | - | €8,410 | €9,503 | ▲ 13.0% |
| Amounts receivable within one year40/41 | €3,870 | €9,257 | €46,646 | €79,503 | €52,657 | ▼ 33.8% |
| Trade receivables40 | - | - | €42,674 | €49,364 | €17,527 | ▼ 64.5% |
| Other amounts receivable41 | - | - | €3,972 | €30,139 | €35,129 | ▲ 16.6% |
| Cash at bank and in hand54/58 | €14,445 | €16,562 | €23,398 | €38,083 | €24,756 | ▼ 35.0% |
| Deferred charges and accrued income490/1 | - | - | €2,655 | €5,625 | €2,097 | ▼ 62.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,351 | €39,548 | €100,355 | €145,591 | €116,773 | ▼ 19.8% |
| Equity10/15 | €8,173 | €12,449 | €42,489 | €42,704 | €36,089 | ▼ 15.5% |
| Contributions10/11 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€12,287 | -€8,011 | €22,029 | €22,244 | €15,629 | ▼ 29.7% |
| Amounts payable17/49 | €30,177 | €27,099 | €57,867 | €102,887 | €80,684 | ▼ 21.6% |
| Amounts payable after more than one year17 | €20,080 | €13,482 | €27,467 | €11,260 | €24,946 | ▲ 122% |
| Financial debts170/4 | - | - | €27,467 | €11,260 | €24,946 | ▲ 122% |
| Amounts payable within one year42/48 | €10,097 | €13,617 | €30,400 | €91,627 | €55,738 | ▼ 39.2% |
| Current portion of amounts payable after more than one year42 | - | - | €12,854 | €9,709 | €11,435 | ▲ 17.8% |
| Trade debts44 | €1,415 | €2,049 | €4,066 | €44,217 | €26,618 | ▼ 39.8% |
| Suppliers440/4 | - | - | €4,066 | €44,217 | €26,618 | ▼ 39.8% |
| Advances received on contracts in progress46 | - | - | - | €26,392 | €3,200 | ▼ 87.9% |
| Taxes, remuneration and social security45 | - | - | €13,480 | €11,245 | €14,484 | ▲ 28.8% |
| Taxes450/3 | - | - | €10,937 | €2,932 | €8,240 | ▲ 181% |
| Remuneration and social security454/9 | - | - | €2,543 | €8,313 | €6,245 | ▼ 24.9% |
| Other amounts payable47/48 | - | - | - | €64 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,083 | €4,276 | €30,040 | €215 | -€6,615 | ▼ 3,176% |
| + Depreciation and write-downs630 | €6,447 | €6,447 | €10,623 | €13,686 | €8,636 | ▼ 36.9% |
| Operating cash flow (approximation) | -€15,637 | €10,722 | €40,663 | €13,901 | €2,021 | ▼ 85.5% |
| Investment in fixed assets (approximation) | - | €0 | -€25,923 | €0 | -€22,426 | - |
| Change in cash | - | €2,117 | €6,836 | €14,685 | -€13,327 | ▼ 191% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
15-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 76 days late
2023
09-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
30-06
Financial
Highest result since 2019net €30,040 ▲603%
Operating result €37,491, net result €30,040, both a record.
18-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €4,276
Net result €4,276 after one loss-making year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet -€22,083
Net result drops to -€22,083, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mons · 1 establishment unit since 2018
Ground area
841 m²
Building footprint
147 m²
Volume, LiDAR
650 m³
Parcel 53059A0248/00H018, Wallonia · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SPIROR
since 20182.276.378.479
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53059A0248/00H018 | Wallonia | 841 m² | 1 · 147 m² | 6.0 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.
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Of 887 companies in sector 33110 we hold annual accounts for 441. 304 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
Founded23-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
33110Repair and maintenance of fabricated metal products
43990Other specialised construction activities
68121Development of residential building projects
43110Demolition
43221Plumbing work
43410Roofing work
71121Engineering and related technical consultancy, excluding land surveyors
77320Rental and leasing activities
81220Other building cleaning and industrial cleaning
Contact
Website
www.spiror.be
E-mail
info@spiror.be
Scores and ratios are computed by Checked and are not a credit decision.