SPM
ActiveSPM has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.08M and a net result of €124k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 51% of 31510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +39 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability57▲+29
Solvency98▲+30
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 2.26 against 0.76 in 2024), and 43.1% 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 68
Relative position
BE, all sectors
reference
Sector 68
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
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
56.9%
Return on assets
6.5%
Age of the figures
8 mo
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
34 d early
2023
30 d late
2022
7 d early
2021
31 d early
2020
30 d late
2019
8 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.08M▲ 13.0%
2024 · €954k
2018: €765k
2019: €730k
2020: €718k
2021: €836k
2022: €844k
2023: €901k
2024: €954k
2018 → 2025
Total assets
€1.89M▼ 0.4%
2024 · €1.90M
2018: €2.31M
2019: €2.37M
2020: €2.27M
2021: €2.27M
2022: €2.13M
2023: €2.05M
2024: €1.90M
2018 → 2025
Net result
€124k▲ 133%
2024 · €53k
2018: €43k
2019: €-33k
2020: €-12k
2021: €118k
2022: €9k
2023: €56k
2024: €53k
2018 → 2025
Working capital
€186k
2024 · €-44k
2018: €-50k
2019: €-32k
2020: €919
2021: €32k
2022: €-51k
2023: €-33k
2024: €-44k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€836k-€844k▲ 1.0%€901k▲ 6.7%€954k▲ 5.9%€1.08M▲ 13.0%
Operating result€193k-€30k▼ 84.6%€69k▲ 133%€78k▲ 13.1%€187k▲ 139%
Net result€118k-€9k▼ 92.7%€56k▲ 556%€53k▼ 5.8%€124k▲ 133%
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 three years in a row; 2025 is 139% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.89M
Fixed assets
€1.56M▼ 11.6%
Current assets
€334k▲ 145%
Equity and liabilities €1.89M
Equity
€1.08M▲ 13.0%
Provisions
€77k▼ 3.8%
Debt
€739k▼ 14.8%
The debt ratio falls from 45.6% to 39.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€225k▲
2024 · €145k
Cash flow
€161k▲
2024 · €119k
Solvency
56.9%▲
2024 · 50.2%
Current ratio
2.26▲
2024 · 0.76
Quick ratio
2.26▲
2024 · 0.76
Debt / equity
0.69▼
2024 · 0.91
ROE
11.5%▲
2024 · 5.6%
ROA
6.5%▲
2024 · 2.8%
Interest coverage
8.46▲
2024 · 5.88
Debt
€739k▼
2024 · €867k
Debt ≤ 1 year
€148k▼
2024 · €180k
Debt > 1 year
€591k▼
2024 · €687k
Income taxes
€42k▲
2024 · €9k
Staff costs
€45k▲
2024 · €43k
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€1.90M€1.89M▼
Fixed assets21/28€1.76M€1.56M▼
Tangible fixed assets22/27€1.76M€1.56M▼
Land and buildings22€1.76M€1.55M▼
Plant, machinery and equipment23-€5k
Furniture and vehicles24€3k-
Current assets29/58€136k€334k▲
Amounts receivable within one year40/41€50k€2k▼
Other amounts receivable41€50k€2k▼
Cash at bank and in hand54/58€86k€332k▲
Equity and liabilities
Total equity and liabilities10/49€1.90M€1.89M▼
Equity10/15€954k€1.08M▲
Contributions10/11€37k€37k=
Revaluation surpluses12€763k€763k=
Reserves13€215k€257k▲
Non-distributable reserves130/1€590€590=
Reserves not available under the articles1311€590€590=
Tax-exempt reserves132€214k€256k▲
Profit (loss) carried forward14€-61k€20k▲
Provisions and deferred taxes16€80k€77k▼
Deferred taxes168€80k€77k▼
Amounts payable17/49€867k€739k▼
Amounts payable after more than one year17€687k€591k▼
Financial debts170/4€354k€259k▼
Other amounts payable178/9€333k€332k▼
Amounts payable within one year42/48€180k€148k▼
Current portion of amounts payable after more than one year42€140k€93k▼
Trade debts44€2k€13k▲
Suppliers440/4€2k€13k▲
Taxes, remuneration and social security45€18k€25k▲
Taxes450/3€16k€18k▲
Remuneration and social security454/9€2k€7k▲
Other amounts payable47/48€20k€16k▼
Accrued charges and deferred income492/3€2-
Income statement
Code20242025
Remuneration, social security and pensions62€43k€45k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€38k▼
Other operating charges640/8€23k€12k▼
Non-recurring operating charges66A-€177k
Gross operating margin9900€211k€459k▲
Operating profit (loss)9901€78k€187k▲
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€25k€27k▲
Recurring financial charges65€25k€27k▲
Profit (loss) for the period before taxes9903€59k€163k▲
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€9k€42k▲
Profit (loss) for the period9904€53k€124k▲
Transfer from tax-exempt reserves789€8k€8k=
Profit (loss) for the period to be appropriated9905€61k€132k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-61k€70k▲
Profit (loss) brought forward from the previous period14P€-123k€-61k▲
Transfer to equity691/2-€50k
To other reserves6921-€50k
The notes to these accounts (14 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €124k ▲133%
Net result €124k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 2.26
Current ratio from 0.76 to 2.26; short-term debt falls from €180k to €148k.
31-12
Financial
Equity above €1MEq €1.08M ▲13%
5 profitable years in a row build equity to €1.08M.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €118k
Net result €118k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-33k ▼178%
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
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
6 acts for this company are 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, Walhain
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.
Rue des Ourdons(TSL) 81457 WalhainGround area
1,662 m²
Building footprint
127 m²
Volume, LiDAR
1,053 m³
Parcel 25104C0509/00C000, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25104C0509/00C000 | Wallonia | 1,662 m² | 1 · 127 m² | 10.6 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.
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LOI 42
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CLOVER IMMO
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BERLUC
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Of 9,094 companies in sector 68201 we hold annual accounts for 6,725. 4,763 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-10-2000
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.