SPORECO
ActiveSummary
SPORECO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102,405 and a net result of €41,644. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 21% of 1003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+34
Solvency45▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 0.98 in 2024; short-term debt: 75.1% and cash: 1.1% of total assets), and 79.5% 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+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← 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
20.5%
Return on assets
8.3%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 1003 sector peers (2025).
NBB · sector comparisonPosition among 1003 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
on the day
2021
on the day
2020
1 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€102,405▲ 33.5%
2024 · €76,726
Total assets
€499,596▲ 47.9%
2024 · €337,765
Net result
€41,644▲ 3,111%
2024 · €1,297
Working capital
€31,027
2024 · -€3,773
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, 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
Line20212022202320242025
Operating result€22,208▲ 36.6%€27,238▲ 22.6%€46,581▲ 71.0%€19,857▼ 57.4%€76,142▲ 283%
Net result€6,234within the sector's middle half▲ 392%€10,862within the sector's middle half▲ 74.2%€22,812within the sector's middle half▲ 110%€1,297within the sector's middle half▼ 94.3%€41,644above the sector's middle half▲ 3,111%
Equity€63,608within the sector's middle half▲ 9.3%€73,669within the sector's middle half▲ 15.8%€96,481within the sector's middle half▲ 31.0%€76,726within the sector's middle half▼ 20.5%€102,405within the sector's middle half▲ 33.5%
Total assets€400,390above the sector's middle half▲ 54.2%€261,013within the sector's middle half▼ 34.8%€358,710above the sector's middle half▲ 37.4%€337,765above the sector's middle half▼ 5.8%€499,596above the sector's middle half▲ 47.9%
Debt€336,782▲ 67.1%€187,343▼ 44.4%€262,229▲ 40.0%€261,039▼ 0.5%€397,191▲ 52.2%
Working capital€33,105▼ 15.9%€37,295▲ 12.7%€19,850▼ 46.8%-€3,773€31,027
Solvency15.9%below the sector's middle half▼ 6.5pp28.2%within the sector's middle half▲ 12.3pp26.9%within the sector's middle half▼ 1.3pp22.7%below the sector's middle half▼ 4.2pp20.5%below the sector's middle half▼ 2.2pp
Staff (FTE)2=2=2=2=2=
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, 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
The operating result recovers in 2025; 2025 is 283% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €499,596
Fixed assets
€93,231 ▼ 20.7%
Current assets
€406,365 ▲ 84.6%
Equity and liabilities €499,596
Equity
€102,405 ▲ 33.5%
Debt
€397,191 ▲ 52.2%
Debt's share of the balance-sheet total rises from 77.3% to 79.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€101,980▲
2024 · €45,483
Cash flow
€67,482▲
2024 · €26,923
Current ratio
1.08▲
2024 · 0.98
Quick ratio
1.01▲
2024 · 0.72
Debt to equity
3.88▲
2024 · 3.40
ROE
40.7%▲
2024 · 1.7%
ROA
8.3%▲
2024 · 0.4%
Interest coverage
8.17▲
2024 · 3.08
Debt ≤ 1 year
€375,338▲
2024 · €223,919
Debt > 1 year
€21,029▼
2024 · €34,155
Income taxes
€23,115▲
2024 · €3,835
Staff costs
€92,112▲
2024 · €80,929
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,815 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 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% | 1.7% |
| 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 75% 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 3,815 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | €12,258 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €62,484 | €67,806 | €80,929 | €92,112 | ▲ 13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,035 | €12,259 | €13,495 | €25,626 | €25,838 | ▲ 0.8% |
| Other operating charges640/8 | - | €4,303 | €5,425 | €2,312 | €4,340 | ▲ 87.7% |
| Gross operating margin9900 | €136,627 | €106,283 | €133,307 | €128,724 | €198,433 | ▲ 54.2% |
| Operating profit (loss)9901 | €22,208 | €27,238 | €46,581 | €19,857 | €76,142 | ▲ 283% |
| Financial income75/76B | - | €692 | €669 | €35 | €1,105 | ▲ 3,069% |
| Recurring financial income75 | €683 | €692 | €669 | €35 | €1,105 | ▲ 3,069% |
| Financial charges65/66B | - | €11,845 | €12,514 | €14,760 | €12,488 | ▼ 15.4% |
| Recurring financial charges65 | €12,433 | €11,845 | €12,514 | €14,760 | €12,488 | ▼ 15.4% |
| Profit (loss) for the period before taxes9903 | €10,458 | €16,085 | €34,735 | €5,132 | €64,759 | ▲ 1,162% |
| Income taxes67/77 | €4,223 | €5,223 | €11,923 | €3,835 | €23,115 | ▲ 503% |
| Profit (loss) for the period9904 | €6,234 | €10,862 | €22,812 | €1,297 | €41,644 | ▲ 3,111% |
| Profit (loss) for the period to be appropriated9905 | €6,234 | €10,862 | €22,812 | €1,297 | €41,644 | ▲ 3,111% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €400,390 | €261,013 | €358,710 | €337,765 | €499,596 | ▲ 47.9% |
| Fixed assets21/28 | €99,366 | €88,162 | €141,605 | €117,619 | €93,231 | ▼ 20.7% |
| Tangible fixed assets22/27 | €99,366 | €88,162 | €141,605 | €117,619 | €93,231 | ▼ 20.7% |
| Land and buildings22 | - | €62,939 | €55,860 | €48,781 | €41,702 | ▼ 14.5% |
| Plant, machinery and equipment23 | - | €25,224 | €21,288 | €17,519 | €13,349 | ▼ 23.8% |
| Furniture and vehicles24 | - | - | €64,457 | €51,319 | €38,180 | ▼ 25.6% |
| Current assets29/58 | €301,024 | €172,850 | €217,105 | €220,146 | €406,365 | ▲ 84.6% |
| Amounts receivable after more than one year29 | - | €20,000 | €20,000 | €0 | - | - |
| Other amounts receivable291 | - | €20,000 | €20,000 | €0 | - | - |
| Stocks and contracts in progress3 | €9,600 | €28,150 | €89,450 | €59,848 | €27,950 | ▼ 53.3% |
| Stocks30/36 | - | €9,650 | €9,950 | €10,348 | €10,150 | ▼ 1.9% |
| Contracts in progress37 | - | €18,500 | €79,500 | €49,500 | €17,800 | ▼ 64.0% |
| Amounts receivable within one year40/41 | €227,713 | €111,115 | €95,473 | €154,393 | €367,834 | ▲ 138% |
| Trade receivables40 | - | €103,588 | €69,233 | €149,373 | €367,834 | ▲ 146% |
| Other amounts receivable41 | - | €7,527 | €26,240 | €5,020 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €17,956 | €8,929 | €5,963 | €1,996 | €5,262 | ▲ 164% |
| Deferred charges and accrued income490/1 | - | €4,656 | €6,219 | €3,910 | €5,319 | ▲ 36.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €400,390 | €261,013 | €358,710 | €337,765 | €499,596 | ▲ 47.9% |
| Equity10/15 | €63,608 | €73,669 | €96,481 | €76,726 | €102,405 | ▲ 33.5% |
| Contributions10/11 | - | €17,800 | €17,800 | €17,800 | €17,800 | = |
| Reserves13 | €45,808 | €55,869 | €78,681 | €58,926 | €84,605 | ▲ 43.6% |
| Non-distributable reserves130/1 | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | €54,009 | €78,681 | €58,926 | €84,605 | ▲ 43.6% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €336,782 | €187,343 | €262,229 | €261,039 | €397,191 | ▲ 52.2% |
| Amounts payable after more than one year17 | €68,863 | €51,286 | €63,714 | €34,155 | €21,029 | ▼ 38.4% |
| Financial debts170/4 | - | €51,286 | €63,714 | €34,155 | €21,029 | ▼ 38.4% |
| Amounts payable within one year42/48 | €267,919 | €135,556 | €197,255 | €223,919 | €375,338 | ▲ 67.6% |
| Current portion of amounts payable after more than one year42 | - | €17,997 | €18,761 | €23,036 | €13,763 | ▼ 40.3% |
| Financial debts43 | - | €29,000 | €45,000 | €108,168 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €29,000 | €45,000 | €108,168 | €0 | ▼ 100% |
| Trade debts44 | €84,310 | €64,770 | €106,076 | €52,806 | €312,669 | ▲ 492% |
| Suppliers440/4 | - | €64,770 | €106,076 | €52,806 | €312,669 | ▲ 492% |
| Taxes, remuneration and social security45 | - | €8,627 | €19,419 | €22,899 | €24,659 | ▲ 7.7% |
| Taxes450/3 | - | €223 | €4,577 | €414 | €18,746 | ▲ 4,433% |
| Remuneration and social security454/9 | - | €8,404 | €14,842 | €22,486 | €5,913 | ▼ 73.7% |
| Other amounts payable47/48 | - | €15,161 | €7,999 | €17,010 | €24,247 | ▲ 42.5% |
| Accrued charges and deferred income492/3 | - | €501 | €1,260 | €2,965 | €823 | ▼ 72.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,234 | €10,862 | €22,812 | €1,297 | €41,644 | ▲ 3,111% |
| + Depreciation and write-downs630 | €12,035 | €12,259 | €13,495 | €25,626 | €25,838 | ▲ 0.8% |
| Operating cash flow (approximation) | €18,270 | €23,121 | €36,307 | €26,923 | €67,482 | ▲ 151% |
| Investment in fixed assets (approximation) | - | -€1,055 | -€66,938 | -€1,640 | -€1,450 | ▲ 11.6% |
| Change in cash | - | -€9,027 | -€2,967 | -€3,967 | €3,266 | ▲ 182% |
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
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €41,644 ▲3,111%
Operating result €76,142, net result €41,644, both a record.
30-06
Financial
Equity above €100,000Eq €102,405 ▲33.5%
6 profitable years in a row build equity to €102,405.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
30-06
Financial
Back to profitnet €1,268
Net result €1,268 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
18-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
02-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Aalst · 1 establishment unit since 2006
Ground area
1,270 m²
Building footprint
192 m²
Volume, LiDAR
1,714 m³
Parcel 41019B0078/00W002, Flanders · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SPORECO BV
since 20062.153.808.091
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41019B0078/00W002 | Flanders | 1,270 m² | 1 · 192 m² | 13.9 m · 3 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.
Recognitions · licences · registrations
Recognised contractor
9 categoriesSPORECO BV#10081
SPORECO BV29807
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Of 2,325 companies in sector 42110 we hold annual accounts for 1,096. 742 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-05-2006
Fiscal year end30-06
Activities, NACEBEL 2025
42110Construction of roads and motorways
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0881446423
Also
9925:BE0881446423
Registered
10-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.