Equity
€303,386 ▼ 26.6%
SPITFIRE paid out €136,364 in dividends. That is 515% of the 2025 profit.
SPITFIRE
Lifetime
17 annual accounts with figures on one time axispeak €104,345 (2018)
€49,248▼ 17.7%
lowest -€10,614 (2020)
€26,481▼ 28.0%
peak €413,268 (2024)
€303,386▼ 26.6%
€179,484▼ 18.7%
Board1 name since 2008
1 directorBelmans Ruud
Documentsfilings and deeds
29-09-202660 days late
2025micro format
Gross margin from €59,827 to €49,248Result from €36,793 to €26,481Dividend €136,364Equity from €413,268 to €303,386Debts from €220,885 to €179,484
Key points
from the 2025 annual accountsSecurities
€279,000
Mortgage mandates, new in 2025. 92.0% of equity · not in the 2024 accounts.
Filings
17 annual accounts since 2009
Four of the last ten came late. The 2019 accounts came latest: 90 days after the end of the period.
Checked score
86
Excellent
Financially stronger than 43% of micro companies in other professional activities (NACE 74)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 5,429 companies (NACE 74, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 60 days late; 1 of the last 3 accounts late
Liquidity: current ratio 4.76, cash €12,898
lowers risk
Founded in 2008
Sector: Other professional, scientific and technical activities (NACE 74)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, micro). It does better than 64% of them on solvency, 42% on liquidity, 47% on profitability and 21% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as SPITFIRE has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of SPITFIRE itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for SPITFIRE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.76 (5.42 in 2024), above the usual 1.5. Short-term debt is 11.3% and cash 2.7% of total assets. 37.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
60 days late
2024
54 days early
2023
19 days early
2022
39 days early
2021
11 days early
2020
on the day
2019
90 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 4 days after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 July (4 of the last 5 accounts filed within 36 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0807668619
General meeting · Director reappointment
Gazette deed
Incorporation
published on 18-11-2008 · Gazette deed
First establishment
Edmond de Coussemakerstraat 27, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SPITFIRE Antwerp | €482,870 | €49,248 | 62.8% | - |
| DC-Creations Heusden-Zolder | €381,045 | €47,115 | 43.8% | - |
| DVDM ENGINEERING SERVICES Aartselaar | €637,525 | €90,919 | 55.9% | - |
| INNOSTEP Kasterlee | €267,332 | €62,023 | 9.0% | - |
| DOMINIA Antwerp | €470,957 | €87,361 | 29.9% | - |
| ppuntt 3D & GRAPHICS Huldenberg | €282,596 | €74,571 | 32.3% | - |
| D4 Kasterlee | €821,754 | €114,292 | 31.5% | - |
These companies have the same main activity as SPITFIRE: other professional, scientific and technical activities (NACE 74112). They are comparable in size and age: total assets between €267,000 and €822,000, founded between 2003 and 2010.
Official details
Source: KBO- Status
- Active since 07-11-2008Normal situation
- Activity
- Other professional, scientific and technical activitiesNACE 74112
- Establishment unit
- 2.174.390.2062050 Antwerp, since 28-10-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 03-12-2024
Insights on SPITFIRE
SPITFIRE files the micro format. That format states no turnover. The gross margin rose from €30,121 in 2009 to €49,248 in 2025.
The balance sheet grew most from 2015 to 2017 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SPITFIRE
- What is the company number of SPITFIRE?
- The company number of SPITFIRE is 0807.668.619. The VAT number is the same number with BE in front: BE 0807.668.619.
- Where is SPITFIRE based?
- The registered office is at Edmond de Coussemakerstraat 27, 2050 Antwerp.Company details
- What does SPITFIRE do?
- According to the KBO register, the main activity is other professional, scientific and technical activities (NACE 74112).
- What is the legal form of SPITFIRE?
- SPITFIRE is a private limited company (pre-2019) (BVBA).
- When was SPITFIRE founded?
- SPITFIRE was founded on 07-11-2008.
- Is SPITFIRE still active?
- Yes, SPITFIRE is an active enterprise in the KBO register.
- What is the turnover of SPITFIRE?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €49,248 and 2,941 comparable companies of the same size. It probably lies between €120,000 and €360,000. It is a rough estimate.Financials
- Is SPITFIRE profitable?
- In financial year 2025, SPITFIRE made a profit of €26,481.
- Where can I find the annual accounts of SPITFIRE?
- SPITFIRE filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SPITFIRE due?
- SPITFIRE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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