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Sponge Belgium

Active
Public limited companyfounded 1995active for 30 yearsDe Kleetlaan 5, 1831 Machelen (Brab.), BelgiumKBO/BCE: BE 0456.754.093
Summary

The computed 12-month bankruptcy probability of Sponge Belgium is 1.6% (moderate). For Sponge Belgium, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €303,672 and a net result of €9,714. Equity is shrinking by about 20% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2024. Its solvency ranks better than 34% of 2,649 sector peers (NACE 62, financial year 2023). The company has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals.

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Sponge BelgiumActive
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Overview

Activity
Computer consultancy and computer facilities management
NACE 62200
1 site
Size
€1.2mtotal assets 2023
Staff
2.3 FTE
Equity
€303,672
Profit
€9,714
Turnover not published (abbreviated format)
Financial health
Bankruptcy probabilitywithin 12 months
1.6%
2023 figures too old to score
Structure
Parent
Elmore Topco Limited · 100%
Auditor: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISESAccounts 680 days overdue
Signalsraises riskFigures for financial year 2023 (filed 06-12-2023)2 financial years not filed after the legal deadline; latest accounts 6 days late; 1 of the last 3 late1 change of registered office in 24 monthsTwo or more financial years not filedlowers riskSector: Computer programming, consultancy and related activities (NACE 62)neutralFiled after the deadlineShow the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Average
Solvency 51-11
equity 26.0% of total assets
Liquidity 81+10
short-term debt 29.1% · cash 34.7%
Profitability 40+40
return on assets 0.8%
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,846 companies, NACE 62, micro)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.2%▲ +0.1 percentage points vs 03-2025 05-2025: 0.4%▲ +0.2 percentage points vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.6%▲ +0.2 percentage points vs 11-2025 01-2026: 0.7%▲ +0.1 percentage points vs 12-2025 02-2026: 1.6%▲ +0.9 percentage points vs 01-2026highest value 03-2026: 1.6%● unchanged vs 02-2026highest value 04-2026: 1.6%● unchanged vs 03-2026highest value 05-2026: 1.6%● unchanged vs 04-2026highest value 06-2026: 1.6%● unchanged vs 05-2026highest value 07-2026: 1.6%● unchanged vs 06-2026highest value 08-2026: 1.6%● unchanged vs 07-2026highest value 09-2026: 1.6%● unchanged vs 08-2026highest value 10-2026: 1.6%● unchanged vs 09-2026highest value
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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2023 (filed 06-12-2023)
NBB · annual accounts
raises risk · 2 financial years not filed after the legal deadline; latest accounts 6 days late; 1 of the last 3 late
NBB · filings
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-04-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
30-04-2024 year end30-11-2024 deadline11-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-04-2023 was due by 30-11-2023 and was filed on 06-12-2023, 6 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
6 days late
2022
57 days late
2020
69 days early
2019
23 days early
2018
3 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 5 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Registered officeRegistered-office move
  2. Resignation: Timothy James Lyons (director)Power of attorney
  3. MiscellaneousAmendment of the articles

Key points

  • Risk: Accounts not fileddeadline was 30-11-2024 680 days late View
  • Controlled by Elmore Topco Limitedultimately: Idox plc 100% View
  • Positive: Back in profit in 2023after -€2.3m in 2022 €9,714 View

By topic

Financials

Financial year
2023
Total assets
€1.2m
Profit
€9,714
Solvency
26.0%
Total assets▲ 47.8%
Net result
20182023
Go to Financials

Board & ownership

Board
1 member
Parent
Elmore Topco Limited · 100%
Auditor
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
  • Adam PoulterDirector
Go to Board & ownership

Timeline

Events
46
Since
1997
  1. 03-06-2024Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)
  2. 06-12-2023Annual accounts filed
  3. 30-04-2023Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Computer consultancy and computer facilities managementNACE 62200
Founded
05-12-1995
Year ends
30-04
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
De uitvoering van alle handelingen en activiteiten die direct of indirect in verband staan…
Go to Articles of association

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