SPL BUILDING
ActiveSummary
SPL BUILDING has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €425,973 and a net result of €222,099. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 60% of 19362 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability97▲+3
Solvency69▲+3
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.17 in 2023; short-term debt: 49.9% and cash: 15.6% of total assets), and 56.2% of the assets are financed with debt.
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Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €425,973
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 08-07-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
15 d early
2022
7 d early
2021
23 d early
2020
3 d early
2019
53 d late
← 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 3 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€425,973▲ 13.5%
2023 · €375,302
Total assets
€972,737▲ 5.9%
2023 · €918,202
Net result
€222,099▲ 17.9%
2023 · €188,453
Working capital
-€312,733▲ 16.5%
2023 · -€374,713
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€221,407▲ 31.7%€238,235▲ 7.6%€231,775▼ 2.7%€258,234▲ 11.4%€304,353▲ 17.9%
Net result€165,421above the sector's middle half▲ 33.2%€175,318above the sector's middle half▲ 6.0%€149,978above the sector's middle half▼ 14.5%€188,453above the sector's middle half▲ 25.7%€222,099above the sector's middle half▲ 17.9%
Equity€367,602above the sector's middle half▼ 8.6%€345,379above the sector's middle half▼ 6.0%€308,278within the sector's middle half▼ 10.7%€375,302above the sector's middle half▲ 21.7%€425,973above the sector's middle half▲ 13.5%
Total assets€1.2mabove the sector's middle half▲ 7.8%€1.1mabove the sector's middle half▼ 11.9%€984,885within the sector's middle half▼ 9.9%€918,202within the sector's middle half▼ 6.8%€972,737within the sector's middle half▲ 5.9%
Debt€867,566▲ 17.2%€747,284▼ 13.9%€626,606▼ 16.1%€492,900▼ 21.3%€496,764▲ 0.8%
Working capital-€145,509▼ 82.3%-€289,397▼ 98.9%-€435,563▼ 50.5%-€374,713▲ 14.0%-€312,733▲ 16.5%
Solvency29.6%within the sector's middle half▼ 5.3pp31.6%within the sector's middle half▲ 2.0pp31.3%within the sector's middle half▼ 0.3pp40.9%within the sector's middle half▲ 9.6pp43.8%within the sector's middle half▲ 2.9pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 18% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €972,737
Fixed assets
€799,686 ▼ 4.8%
Current assets
€173,051 ▲ 122%
Equity and liabilities €972,737
Equity
€425,973 ▲ 13.5%
Provisions
€50,000 =
Debt
€496,764 ▲ 0.8%
Debt's share of the balance-sheet total falls from 53.7% to 51.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€383,360▲
2023 · €336,842
Cash flow
€301,106▲
2023 · €267,061
Current ratio
0.36▲
2023 · 0.17
Debt to equity
1.17▼
2023 · 1.31
ROE
52.1%▲
2023 · 50.2%
ROA
22.8%▲
2023 · 20.5%
Interest coverage
100.21▲
2023 · 70.37
Debt ≤ 1 year
€485,784▲
2023 · €452,800
Debt > 1 year
€10,100▼
2023 · €40,100
Income taxes
€78,433▲
2023 · €65,014
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,864 | €61,027 | €72,237 | €78,608 | €79,007 | ▲ 0.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €50,000 | - | - | - |
| Other operating charges640/8 | - | €44,288 | €46,892 | €47,578 | €45,903 | ▼ 3.5% |
| Gross operating margin9900 | €319,266 | €343,550 | €400,904 | €384,420 | €429,263 | ▲ 11.7% |
| Operating profit (loss)9901 | €221,407 | €238,235 | €231,775 | €258,234 | €304,353 | ▲ 17.9% |
| Financial income75/76B | - | - | €195 | €20 | €4 | ▼ 80.0% |
| Recurring financial income75 | €1 | - | €195 | €20 | €4 | ▼ 80.0% |
| Financial charges65/66B | - | €6,997 | €7,667 | €4,787 | €3,826 | ▼ 20.1% |
| Recurring financial charges65 | €6,527 | €6,997 | €7,667 | €4,787 | €3,826 | ▼ 20.1% |
| Profit (loss) for the period before taxes9903 | €214,881 | €231,239 | €224,302 | €253,467 | €300,532 | ▲ 18.6% |
| Transfer from deferred taxes780 | - | €5,495 | - | - | - | - |
| Income taxes67/77 | €52,521 | €61,415 | €74,324 | €65,014 | €78,433 | ▲ 20.6% |
| Profit (loss) for the period9904 | €165,421 | €175,318 | €149,978 | €188,453 | €222,099 | ▲ 17.9% |
| Transfer from tax-exempt reserves789 | - | €3,510 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €171,365 | €178,829 | €149,978 | €188,453 | €222,099 | ▲ 17.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.1m | €984,885 | €918,202 | €972,737 | ▲ 5.9% |
| Fixed assets21/28 | €669,226 | €830,626 | €893,129 | €840,116 | €799,686 | ▼ 4.8% |
| Tangible fixed assets22/27 | €668,289 | €829,688 | €892,191 | €839,178 | €798,748 | ▼ 4.8% |
| Land and buildings22 | - | €815,706 | €880,749 | €828,003 | €787,573 | ▼ 4.9% |
| Plant, machinery and equipment23 | - | €807 | €267 | - | - | - |
| Other tangible fixed assets26 | - | €13,176 | €11,175 | €11,175 | €11,175 | = |
| Financial fixed assets28 | €938 | €938 | €938 | €938 | €938 | = |
| Current assets29/58 | €571,436 | €262,038 | €91,756 | €78,087 | €173,051 | ▲ 122% |
| Amounts receivable within one year40/41 | €121,098 | €139,478 | €40,465 | €19,163 | €20,002 | ▲ 4.4% |
| Trade receivables40 | - | €135,255 | €38,028 | €17,407 | €18,404 | ▲ 5.7% |
| Other amounts receivable41 | - | €4,223 | €2,437 | €1,756 | €1,599 | ▼ 9.0% |
| Cash at bank and in hand54/58 | €450,178 | €121,569 | €51,291 | €57,980 | €151,390 | ▲ 161% |
| Deferred charges and accrued income490/1 | - | €991 | - | €943 | €1,658 | ▲ 75.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €984,885 | €918,202 | €972,737 | ▲ 5.9% |
| Equity10/15 | €367,602 | €345,379 | €308,278 | €375,302 | €425,973 | ▲ 13.5% |
| Contributions10/11 | €168,568 | €168,568 | €168,568 | €168,568 | €168,568 | = |
| Capital10 | - | €168,568 | €168,568 | €168,568 | €168,568 | = |
| Issued capital100 | - | €168,568 | €168,568 | €168,568 | €168,568 | = |
| Reserves13 | €197,537 | €176,812 | €126,367 | €126,367 | €126,367 | = |
| Non-distributable reserves130/1 | - | €16,857 | €16,857 | €16,857 | €16,857 | = |
| Legal reserve130 | - | €16,857 | €16,857 | €16,857 | €16,857 | = |
| Distributable reserves133 | - | €159,955 | €109,510 | €109,510 | €109,510 | = |
| Profit (loss) carried forward14 | €1,497 | - | €13,344 | €80,368 | €131,038 | ▲ 63.0% |
| Provisions and deferred taxes16 | €5,495 | - | €50,000 | €50,000 | €50,000 | = |
| Provisions for liabilities and charges160/5 | - | - | €50,000 | €50,000 | €50,000 | = |
| Major repairs and maintenance162 | - | - | €50,000 | €50,000 | €50,000 | = |
| Amounts payable17/49 | €867,566 | €747,284 | €626,606 | €492,900 | €496,764 | ▲ 0.8% |
| Amounts payable after more than one year17 | €150,621 | €195,849 | €98,408 | €40,100 | €10,100 | ▼ 74.8% |
| Financial debts170/4 | - | €193,249 | €95,808 | €37,500 | €7,500 | ▼ 80.0% |
| Other amounts payable178/9 | - | €2,600 | €2,600 | €2,600 | €2,600 | = |
| Amounts payable within one year42/48 | €716,945 | €551,435 | €527,318 | €452,800 | €485,784 | ▲ 7.3% |
| Current portion of amounts payable after more than one year42 | - | €182,272 | €89,059 | €58,308 | €30,000 | ▼ 48.5% |
| Financial debts43 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Credit institutions430/8 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Trade debts44 | €50,099 | €68,739 | €47,459 | €45,630 | €18,819 | ▼ 58.8% |
| Suppliers440/4 | - | €68,739 | €47,459 | €45,630 | €18,819 | ▼ 58.8% |
| Advances received on contracts in progress46 | - | - | - | - | €97,390 | - |
| Taxes, remuneration and social security45 | - | €112,015 | €104,249 | €96,254 | €184,021 | ▲ 91.2% |
| Taxes450/3 | - | €112,015 | €104,249 | €96,254 | €159,179 | ▲ 65.4% |
| Remuneration and social security454/9 | - | - | - | - | €24,842 | - |
| Other amounts payable47/48 | - | €178,410 | €276,551 | €242,608 | €145,555 | ▼ 40.0% |
| Accrued charges and deferred income492/3 | - | - | €880 | - | €880 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €165,421 | €175,318 | €149,978 | €188,453 | €222,099 | ▲ 17.9% |
| + Depreciation and write-downs630 | €55,864 | €61,027 | €72,237 | €78,608 | €79,007 | ▲ 0.5% |
| Operating cash flow (approximation) | €221,285 | €236,345 | €222,215 | €267,061 | €301,106 | ▲ 12.7% |
| Investment in fixed assets (approximation) | - | -€222,426 | -€134,740 | -€25,595 | -€38,577 | ▼ 50.7% |
| Change in cash | - | -€328,608 | -€70,279 | €6,689 | €93,411 | ▲ 1,296% |
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
2026
17-09
State Gazette act
Appointment: Martin SMEETS (director)Permanent representative: thg BRUXELLES6 facts ▸
State Gazette act
Appointment: Martin SMEETS (director)
Permanent representative: thg BRUXELLES6 facts ▸
- General meeting, 16-06-2026
- Other statement, historical mandate renewals
- Director appointment, Martin SMEETS (director)
- Permanent representative, thg BRUXELLES (bijzondere vertegenwoordiger)
- Other statement, bestuurders en gedelegeerd bestuurder, officer discharge
- Other statement, bestuurders en gedelegeerd bestuurder, 6 jaar
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €222,099 ▲17.9%
Operating result €304,353, net result €222,099, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
08-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 39 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2022
Martin SMEETS
CurrentDirector · since 13-04-2022
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Pieters-Leeuw · 1 establishment unit since 1993
Ground area
7,133 m²
Building footprint
4,226 m²
Volume, LiDAR
23,770 m³
Parcel 23077A0175/00N003, Flanders · tallest building 20.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Bergensesteenweg 189, 1600 Sint-Pieters-Leeuw
since 19932.061.129.838
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0175/00N003 | Flanders | 7,133 m² | 1 · 4,226 m² | 20.0 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.
Mandate history
1 person since 2022, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Martin SMEETS |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
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Shareholding
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Recognitions · licences · registrations
Legal Entity Identifier
64882C7498IGMQ8KL490
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Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 4,431 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449156322
Also
9925:BE0449156322
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.