SPITS Construction
ActiveSPITS Construction has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €900k and a net result of €174k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 817 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +9 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▲+84
Solvency94▼-5
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 2.82 in 2024), and 44.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.7%
Return on assets
10.8%
Age of the figures
8 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
72 d early
2023
64 d early
2022
8 d late
2021
36 d late
2020
30 d late
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€174k▲ 800%
2024 · €19k
2018: €53k
2019: €134k
2020: €43k
2021: €18k
2022: €11k
2023: €10k
2024: €19k
2018 → 2025
Working capital
€507k▼ 13.9%
2024 · €589k
2018: €22k
2019: €461k
2020: €549k
2021: €536k
2022: €598k
2023: €588k
2024: €589k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€738k-€749k▲ 1.6%€759k▲ 1.3%€734k▼ 3.4%€900k▲ 22.6%
Operating result€29k-€21k▼ 29.6%€16k▼ 22.4%€32k▲ 99.0%€230k▲ 624%
Net result€18k-€11k▼ 34.7%€10k▼ 11.8%€19k▲ 91.6%€174k▲ 800%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 624% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.62M
Fixed assets
€500k▲ 71.8%
Current assets
€1.12M▲ 22.4%
Equity and liabilities €1.62M
Equity
€900k▲ 22.6%
Debt
€717k▲ 52.6%
The debt ratio rises from 39.0% to 44.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€352k▲
2024 · €189k
Cash flow
€297k▲
2024 · €177k
Solvency
55.7%▼
2024 · 61.0%
Current ratio
1.83▼
2024 · 2.82
Quick ratio
1.33▼
2024 · 2.66
Debt / equity
0.80▲
2024 · 0.64
ROE
19.4%▲
2024 · 2.6%
ROA
10.8%▲
2024 · 1.6%
Interest coverage
58.05▲
2024 · 27.14
Debt
€717k▲
2024 · €470k
Debt ≤ 1 year
€610k▲
2024 · €324k
Debt > 1 year
€107k▼
2024 · €146k
Income taxes
€49k▲
2024 · €5k
Staff costs
€623k▲
2024 · €594k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.20M€1.62M▲
Fixed assets21/28€291k€500k▲
Intangible fixed assets21€758€0▼
Tangible fixed assets22/27€289k€494k▲
Land and buildings22€21k€11k▼
Plant, machinery and equipment23€90k€343k▲
Furniture and vehicles24€54k€61k▲
Leasing and similar rights25€123k€79k▼
Financial fixed assets28€2k€6k▲
Current assets29/58€913k€1.12M▲
Stocks and contracts in progress3€50k€303k▲
Stocks30/36€50k€303k▲
Amounts receivable within one year40/41€619k€189k▼
Trade receivables40€528k€21k▼
Other amounts receivable41€91k€168k▲
Cash at bank and in hand54/58€216k€595k▲
Deferred charges and accrued income490/1€27k€31k▲
Equity and liabilities
Total equity and liabilities10/49€1.20M€1.62M▲
Equity10/15€734k€900k▲
Contributions10/11€368k€368k=
Reserves13€0-
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Profit (loss) carried forward14€366k€532k▲
Amounts payable17/49€470k€717k▲
Amounts payable after more than one year17€146k€107k▼
Financial debts170/4€146k€107k▼
Amounts payable within one year42/48€324k€610k▲
Current portion of amounts payable after more than one year42€58k€65k▲
Trade debts44€231k€534k▲
Suppliers440/4€231k€534k▲
Taxes, remuneration and social security45€19k€11k▼
Taxes450/3€4k€3k▼
Remuneration and social security454/9€15k€9k▼
Other amounts payable47/48€15k€281▼
Accrued charges and deferred income492/3€0€25▲
Income statement
Code20242025
Remuneration, social security and pensions62€594k€623k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€158k€123k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€234k€358k▲
Other operating charges640/8€9k€13k▲
Gross operating margin9900€1.03M€1.35M▲
Operating profit (loss)9901€32k€230k▲
Financial income75/76B€118€255▲
Recurring financial income75€118€255▲
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€25k€224k▲
Income taxes67/77€5k€49k▲
Profit (loss) for the period9904€19k€174k▲
Profit (loss) for the period to be appropriated9905€19k€174k▲
Appropriation of the result
Profit (loss) to be appropriated9906€411k€540k▲
Profit (loss) brought forward from the previous period14P€391k€366k▼
Profit to be distributed694/7€45k€9k▼
Return on contributions (dividend)694€45k€9k▼
Social balance
Average headcount (FTE)9087-11.5
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €174k ▲800%
Operating result €230k, net result €174k, both a record.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €10k ▼11.8%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 8 days late
2022
05-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 36 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2020
Eugene SPITS
CurrentDirector · since 01-10-2020
01-10-2020
Appointed as Director
Location & real-estate footprint
Registered office, Dalhem · 1 establishment unit since 2009
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.
Fêchereux(NEU) 19C4608 DalhemGround area
1,442 m²
Building footprint
163 m²
Volume, LiDAR
1,167 m³
Parcel 63055B0659/00M000, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SPITS Construction
since 20092.177.400.372
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63055B0659/00M000 | Wallonia | 1,442 m² | 1 · 163 m² | 9.2 m · 2 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.
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Of 29,531 companies in sector 41001 we hold annual accounts for 15,863. 6,785 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-2009
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.