Spivi
ActiveSpivi has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13k and a net result of €47k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 12708 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency35▼-64
Growth58▲+6
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.98 against 2.9 in 2024; short-term debt: 87.1% and cash: 75.5% of total assets), and 89.9% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
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
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
10.1%
Return on assets
35.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 12708 sector peers (2025).
NBB · sector comparisonPosition among 12708 sector peers
Solvency
better than 13%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 d early
2024
21 d late
2023
on the day
2022
3 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€13k▼ 81.6%
2024 · €71k
2022: €36k
2023: €48k
2024: €71k
2022 → 2025
Total assets
€130k▲ 35.4%
2024 · €96k
2022: €46k
2023: €64k
2024: €96k
2022 → 2025
Net result
€47k▲ 88.9%
2024 · €25k
2022: €35k
2023: €13k
2024: €25k
2022 → 2025
Working capital
€-2k
2024 · €46k
2022: €14k
2023: €13k
2024: €46k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€36k-€48k▲ 33.5%€71k▲ 50.2%€13k▼ 81.6%
Operating result€44k-€17k▼ 61.4%€33k▲ 94.1%€61k▲ 84.7%
Net result€35k-€13k▼ 64.1%€25k▲ 94.1%€47k▲ 88.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 85% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130k
Fixed assets
€19k▼ 29.9%
Current assets
€112k▲ 60.3%
Equity and liabilities €130k
Equity
€13k▼ 81.6%
Debt
€117k▲ 372%
The debt ratio rises from 25.8% to 89.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€69k▲
2024 · €41k
Cash flow
€55k▲
2024 · €33k
Solvency
10.1%▼
2024 · 74.2%
Current ratio
0.98▼
2024 · 2.90
Quick ratio
0.98▼
2024 · 2.90
Debt / equity
8.94▲
2024 · 0.35
ROE
355.9%▲
2024 · 34.6%
ROA
35.8%▲
2024 · 25.7%
Interest coverage
34.39▼
2024 · 43.85
Debt
€117k▲
2024 · €25k
Debt ≤ 1 year
€113k▲
2024 · €24k
Income taxes
€12k▲
2024 · €7k
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€96k€130k▲
Fixed assets21/28€27k€19k▼
Tangible fixed assets22/27€27k€19k▼
Furniture and vehicles24€4k€2k▼
Other tangible fixed assets26€23k€17k▼
Current assets29/58€70k€112k▲
Amounts receivable within one year40/41€13k€13k▲
Trade receivables40€13k€9k▼
Other amounts receivable41€182€4k▲
Cash at bank and in hand54/58€56k€98k▲
Equity and liabilities
Total equity and liabilities10/49€96k€130k▲
Equity10/15€71k€13k▼
Contributions10/11€1k€1k=
Reserves13€70k€12k▼
Distributable reserves133€70k€12k▼
Amounts payable17/49€25k€117k▲
Amounts payable within one year42/48€24k€113k▲
Trade debts44€657€680▲
Suppliers440/4€657€680▲
Taxes, remuneration and social security45€10k€9k▼
Taxes450/3€10k€9k▼
Other amounts payable47/48€13k€104k▲
Accrued charges and deferred income492/3€794€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€449€462▲
Gross operating margin9900€41k€69k▲
Operating profit (loss)9901€33k€61k▲
Financial income75/76B-€11
Recurring financial income75-€11
Financial charges65/66B€934€2k▲
Recurring financial charges65€934€2k▲
Profit (loss) for the period before taxes9903€32k€59k▲
Income taxes67/77€7k€12k▲
Profit (loss) for the period9904€25k€47k▲
Profit (loss) for the period to be appropriated9905€25k€47k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€47k▲
Transfer from equity791/2-€70k
Transfer to equity691/2€24k€12k▼
To other reserves6921€24k€12k▼
Profit to be distributed694/7€830€105k▲
Return on contributions (dividend)694€830€105k▲
The notes to these accounts (4 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €47k ▲88.9%
Operating result €61k, net result €47k, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €13k ▼64.1%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Genk · 1 establishment unit since 2021
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.
Reinpadstraat 1613600 GenkGround area
1,201 m²
Building footprint
134 m²
Volume, LiDAR
908 m³
Parcel 71303B0052/00N004, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Spivi
since 20212.325.295.579
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71303B0052/00N004 | Flanders | 1,201 m² | 1 · 134 m² | 10.1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 714 EUR awarded · 714 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 45 EUR | 45 EUR |
| 2024 | 1 | 347 EUR | 347 EUR |
| 2022 | 1 | 322 EUR | 322 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,055 companies in sector 69101 we hold annual accounts for 9,053. 5,311 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-12-2021
Fiscal year end31-12
Activities, NACEBEL
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.