SPITFIRE
ActiveSPITFIRE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €413k and a net result of €37k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 69% of 563 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▼-1
Solvency90▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 5.42 against 6.23 in 2023; short-term debt: 11.5% and cash: 2.8% of total assets), and 34.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-06-2025, 54 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
54 d early
2023
19 d early
2022
39 d early
2021
11 d early
2020
on the day
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€413k▲ 9.8%
2023 · €376k
2018: €257k
2019: €283k
2020: €272k
2021: €304k
2022: €335k
2023: €376k
2018 → 2024
Total assets
€634k▲ 5.7%
2023 · €600k
2018: €619k
2019: €600k
2020: €540k
2021: €570k
2022: €586k
2023: €600k
2018 → 2024
Net result
€37k▼ 11.3%
2023 · €41k
2018: €66k
2019: €25k
2020: €-11k
2021: €32k
2022: €31k
2023: €41k
2018 → 2024
Working capital
€323k▲ 9.9%
2023 · €294k
2018: €237k
2019: €225k
2020: €207k
2021: €233k
2022: €256k
2023: €294k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€272k-€304k▲ 11.9%€335k▲ 10.0%€376k▲ 12.4%€413k▲ 9.8%
Operating result€-25k-€37k€31k▼ 14.7%€49k▲ 58.1%€39k▼ 21.3%
Net result€-11k-€32k€31k▼ 5.5%€41k▲ 35.9%€37k▼ 11.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 21% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €634k
Fixed assets
€238k▼ 4.8%
Current assets
€396k▲ 13.1%
Equity and liabilities €634k
Equity
€413k▲ 9.8%
Debt
€221k▼ 1.2%
The debt ratio falls from 37.3% to 34.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€58k▼
2023 · €69k
Cash flow
€56k▼
2023 · €61k
Solvency
65.2%▲
2023 · 62.7%
Current ratio
5.42▼
2023 · 6.23
Quick ratio
5.42▼
2023 · 6.23
Debt / equity
0.53▼
2023 · 0.59
ROE
8.9%▼
2023 · 11.0%
ROA
5.8%▼
2023 · 6.9%
Interest coverage
9.74▼
2023 · 13.08
Debt
€221k▼
2023 · €224k
Debt ≤ 1 year
€73k▲
2023 · €56k
Debt > 1 year
€144k▼
2023 · €164k
Income taxes
€14k▼
2023 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€600k€634k▲
Fixed assets21/28€250k€238k▼
Tangible fixed assets22/27€250k€238k▼
Land and buildings22€235k€227k▼
Plant, machinery and equipment23€1k€3k▲
Furniture and vehicles24€12k€7k▼
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€405€405=
Current assets29/58€350k€396k▲
Amounts receivable within one year40/41€332k€377k▲
Trade receivables40€57k€58k▲
Other amounts receivable41€275k€319k▲
Cash at bank and in hand54/58€17k€18k▲
Deferred charges and accrued income490/1€942€2k▲
Equity and liabilities
Total equity and liabilities10/49€600k€634k▲
Equity10/15€376k€413k▲
Contributions10/11€6k€6k=
Reserves13€370k€407k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€368k€405k▲
Amounts payable17/49€224k€221k▼
Amounts payable after more than one year17€164k€144k▼
Financial debts170/4€164k€144k▼
Amounts payable within one year42/48€56k€73k▲
Current portion of amounts payable after more than one year42€23k€20k▼
Financial debts43€3k€4k▲
Credit institutions430/8-€552
Other loans439€3k€3k=
Trade debts44€8k€24k▲
Suppliers440/4€8k€24k▲
Taxes, remuneration and social security45€22k€26k▲
Taxes450/3€19k€23k▲
Remuneration and social security454/9€3k€3k=
Accrued charges and deferred income492/3€4k€4k=
Income statement
Code20232024
Non-recurring operating income76A-€9k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€72k€60k▼
Operating profit (loss)9901€49k€39k▼
Financial income75/76B€14k€18k▲
Recurring financial income75€14k€18k▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€58k€51k▼
Income taxes67/77€17k€14k▼
Profit (loss) for the period9904€41k€37k▼
Profit (loss) for the period to be appropriated9905€41k€37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€37k▼
Transfer to equity691/2€41k€37k▼
To other reserves6921€41k€37k▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-11k ▼142%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 9 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Edmond de Coussemakerstraat 272050 AntwerpenGround area
116 m²
Building footprint
80 m²
Volume, LiDAR
660 m³
Parcel 11813N0833/00C003, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Spitfire
since 20082.174.390.206
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11813N0833/00C003 | Flanders | 116 m² | 1 · 80 m² | 9.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900B8VCW2YH477O92
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Of 685 companies in sector 74112 we hold annual accounts for 312. 239 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded07-11-2008
Fiscal year end31-12
Activities, NACEBEL
74112Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.