SPOTS
ActiveSummary
SPOTS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €72k and a net result of €2k. Equity is growing by ~31.9% per year across the filed fiscal years. Its solvency ranks better than 89% of 18936 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-4
Solvency100▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.58 against 2.42 in 2023; short-term debt: 23.5% and cash: 49.1% of total assets), and 23.5% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
76.5%
Return on assets
2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
30 d late
2021
43 d late
2020
23 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€72k▲ 2.6%
2023 · €70k
Total assets
€94k▼ 10.5%
2023 · €105k
Net result
€2k▼ 67.1%
2023 · €6k
Working capital
€57k▲ 14.7%
2023 · €50k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€10k▼ 4.0%€32k▲ 215%€20k▼ 38.4%€9k▼ 56.7%€6k▼ 33.8%
Net result€22k▲ 128%€34k▲ 52.5%€14k▼ 57.6%€6k▼ 61.2%€2k▼ 67.1%
Equity€16k€50k▲ 209%€65k▲ 28.7%€70k▲ 8.7%€72k▲ 2.6%
Total assets€48k▲ 26.9%€70k▲ 44.2%€92k▲ 31.5%€105k▲ 14.6%€94k▼ 10.5%
Debt€32k▼ 27.2%€20k▼ 39.0%€27k▲ 38.6%€35k▲ 28.7%€22k▼ 36.8%
Working capital€4k€33k▲ 730%€43k▲ 30.8%€50k▲ 16.2%€57k▲ 14.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 34% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €94k
Fixed assets
€15k ▼ 27.0%
Current assets
€79k ▼ 6.6%
Equity and liabilities €94k
Equity
€72k ▲ 2.6%
Debt
€22k ▼ 36.8%
Debt's share of the balance-sheet total falls from 33.3% to 23.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11k▼
2023 · €14k
Cash flow
€7k▼
2023 · €11k
Current ratio
3.58▲
2023 · 2.42
Quick ratio
3.56▲
2023 · 2.32
Debt to equity
0.31▼
2023 · 0.50
ROE
2.6%▼
2023 · 8.0%
ROA
2.0%▼
2023 · 5.3%
Interest coverage
33.74▼
2023 · 37.74
Debt ≤ 1 year
€22k▼
2023 · €35k
Income taxes
€1k▼
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €5k | €5k | €5k | ▲ 6.7% |
| Other operating charges640/8 | - | €634 | €3k | €2k | €1k | ▼ 36.4% |
| Non-recurring operating charges66A | - | €179 | €726 | €2k | - | - |
| Gross operating margin9900 | €16k | €35k | €28k | €18k | €13k | ▼ 29.7% |
| Operating profit (loss)9901 | €10k | €32k | €20k | €9k | €6k | ▼ 33.8% |
| Financial income75/76B | - | €4k | €0 | - | - | - |
| Recurring financial income75 | - | €4k | €0 | - | - | - |
| Non-recurring financial income76B | - | €4k | - | - | - | - |
| Financial charges65/66B | - | €554 | €2k | €1k | €3k | ▲ 76.7% |
| Recurring financial charges65 | €69 | €60 | €75 | €362 | €329 | ▼ 8.9% |
| Non-recurring financial charges66B | - | €494 | €2k | €1k | €2k | ▲ 106% |
| Profit (loss) for the period before taxes9903 | €22k | €35k | €18k | €7k | €3k | ▼ 56.1% |
| Income taxes67/77 | - | €1k | €4k | €2k | €1k | ▼ 15.3% |
| Profit (loss) for the period9904 | €22k | €34k | €14k | €6k | €2k | ▼ 67.1% |
| Profit (loss) for the period to be appropriated9905 | €22k | €34k | €14k | €6k | €2k | ▼ 67.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48k | €70k | €92k | €105k | €94k | ▼ 10.5% |
| Fixed assets21/28 | €12k | €17k | €23k | €20k | €15k | ▼ 27.0% |
| Tangible fixed assets22/27 | €10k | €15k | €21k | €18k | €13k | ▼ 30.1% |
| Land and buildings22 | - | €6k | €4k | €4k | €3k | ▼ 20.0% |
| Plant, machinery and equipment23 | - | €9k | €7k | €5k | €3k | ▼ 40.9% |
| Furniture and vehicles24 | - | €621 | €10k | €10k | €7k | ▼ 28.5% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €36k | €52k | €69k | €85k | €79k | ▼ 6.6% |
| Stocks and contracts in progress3 | €3k | - | €4k | €4k | €480 | ▼ 87.2% |
| Stocks30/36 | - | - | €4k | €4k | €480 | ▼ 87.2% |
| Amounts receivable within one year40/41 | €436 | €3k | €5k | €8k | €33k | ▲ 309% |
| Trade receivables40 | - | €1k | - | - | - | - |
| Other amounts receivable41 | - | €2k | €5k | €8k | €33k | ▲ 309% |
| Cash at bank and in hand54/58 | €33k | €49k | €60k | €73k | €46k | ▼ 36.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48k | €70k | €92k | €105k | €94k | ▼ 10.5% |
| Equity10/15 | €16k | €50k | €65k | €70k | €72k | ▲ 2.6% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-4k | €30k | €44k | €50k | €52k | ▲ 3.7% |
| Amounts payable17/49 | €32k | €20k | €27k | €35k | €22k | ▼ 36.8% |
| Amounts payable within one year42/48 | €32k | €20k | €26k | €35k | €22k | ▼ 36.8% |
| Trade debts44 | €9k | €8k | €7k | €20k | €4k | ▼ 79.3% |
| Suppliers440/4 | - | €8k | €7k | €20k | €4k | ▼ 79.3% |
| Taxes, remuneration and social security45 | - | €2k | €19k | €15k | €18k | ▲ 22.8% |
| Taxes450/3 | - | €2k | €19k | €15k | €18k | ▲ 22.8% |
| Other amounts payable47/48 | - | €10k | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €2k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €34k | €14k | €6k | €2k | ▼ 67.1% |
| + Depreciation and write-downs630 | €2k | €2k | €5k | €5k | €5k | ▲ 6.7% |
| Operating cash flow (approximation) | €24k | €36k | €19k | €11k | €7k | ▼ 31.8% |
| Investment in fixed assets (approximation) | - | €-8k | €-10k | €-2k | €0 | ▲ 100% |
| Change in cash | - | €16k | €11k | €13k | €-27k | ▼ 306% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €2k ▼67.1%
Net result drops to €2k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 43 days late
2021
31-12
Financial
Highest result since 2018net €34k ▲52.5%
Operating result €32k, net result €34k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.67
Current ratio from 1.12 to 2.67; short-term debt falls from €32k to €20k.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Middelkerke · 1 establishment unit since 2002
Ground area
446 m²
Building footprint
164 m²
Volume, LiDAR
915 m³
Parcel 35022A0001/00P070, Flanders · tallest building 10.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SPOTS
since 20022.051.247.914
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35022A0001/00P070 | Flanders | 446 m² | 1 · 164 m² | 10.4 m · 1 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
Food safety, FASFC
1 siteMiddelkerke2.051.247.914
Similar companies · same sector, comparable size
LINA & MIRA
BE 0724.730.946
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BDR MATA
BE 1014.392.346
Knokke-Heist · Eq €71,935
MAJICKAL
BE 1007.456.846
Hasselt · Eq €72,011
APPLE ENTERPRISES
BE 0422.639.193
Hamme (Vl.) · Eq €71,913
Restaurant De Verleiding
BE 0780.937.595
Pajottegem · Eq €72,084
Of 20,501 companies in sector 56111 we hold annual accounts for 11,452. 9,817 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded09-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.