SPQA
ActiveSPQA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4k and a net result of €-3k. Equity is shrinking by ~45.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 27% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▼-33
Solvency31▼-51
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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 2025Solvency, return and age of the figures
Solvency
5.6%
Return on assets
-4.2%
Age of the figures
15 mo
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 23-12-2025, 39 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
39 d early
2024
49 d early
2023
on the day
← before the deadline
after the deadline →
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 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€4k▼ 91.4%
2024 · €41k
2023: €36k
2024: €41k
2023 → 2025
Total assets
€64k▼ 11.7%
2024 · €72k
2023: €83k
2024: €72k
2023 → 2025
Net result
€-3k
2024 · €3k
2023: €4k
2024: €3k
2023 → 2025
Working capital
€7k▲ 43.5%
2024 · €5k
2023: €55k
2024: €5k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€36k-€41k▲ 13.7%€4k▼ 91.4%
Operating result€8k-€8k▲ 8.6%€2k▼ 74.3%
Net result€4k-€3k▼ 13.6%€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 74% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64k
Fixed assets
€7k▼ 87.7%
Current assets
€57k▲ 206%
Equity and liabilities €64k
Equity
€4k▼ 91.4%
Debt
€60k▲ 94.5%
The debt ratio rises from 42.9% to 94.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6k▼
2024 · €13k
Cash flow
€1k▼
2024 · €8k
Solvency
5.6%▼
2024 · 57.1%
Current ratio
1.14▼
2024 · 1.35
Quick ratio
1.14▼
2024 · 1.35
Debt / equity
16.98▲
2024 · 0.75
ROE
-74.7%▼
2024 · 8.4%
ROA
-4.2%▼
2024 · 4.8%
Interest coverage
1.61▼
2024 · 4.28
Debt
€60k▲
2024 · €31k
Debt ≤ 1 year
€50k▲
2024 · €14k
Debt > 1 year
€10k▼
2024 · €17k
Income taxes
€1k▼
2024 · €2k
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€72k€64k▼
Fixed assets21/28€53k€7k▼
Tangible fixed assets22/27€53k€7k▼
Land and buildings22€44k-
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€7k€5k▼
Current assets29/58€19k€57k▲
Amounts receivable within one year40/41€3k€18k▲
Trade receivables40-€9k
Other amounts receivable41€3k€9k▲
Cash at bank and in hand54/58€15k€39k▲
Equity and liabilities
Total equity and liabilities10/49€72k€64k▼
Equity10/15€41k€4k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€39k€2k▼
Amounts payable17/49€31k€60k▲
Amounts payable after more than one year17€17k€10k▼
Financial debts170/4€17k€10k▼
Amounts payable within one year42/48€14k€50k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€6k€5k▼
Other amounts payable47/48-€35k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8€102€561▲
Non-recurring operating charges66A-€11k
Gross operating margin9900€13k€18k▲
Operating profit (loss)9901€8k€2k▼
Financial income75/76B€59€132▲
Recurring financial income75€59€132▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€5k€-1k▼
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€3k€-3k▼
Profit (loss) for the period to be appropriated9905€3k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€37k▼
Profit (loss) brought forward from the previous period14P€36k€39k▲
Profit to be distributed694/7-€35k
Return on contributions (dividend)694-€35k
The notes to these accounts (11 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
2025
23-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €-3k ▼177%
Net result drops to €-3k, the lowest in the series.
2024
13-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Antwerpen · 1 establishment unit since 2019
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.
Elisabethlaan 1842600 AntwerpenGround area
235 m²
Building footprint
69 m²
Parcel 11303C0219/00N004, Flanders. Linked by address, not a title deed.
1 establishment unit
SPQA
since 20192.292.255.203
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0219/00N004 | Flanders | 235 m² | 1 · 69 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 2,019 EUR awarded · 2,709 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,185 EUR | 1,185 EUR |
| 2023 | 1 | 544 EUR | 1,234 EUR |
| 2022 | 1 | 290 EUR | 290 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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ERIC PIRSON IMMOBILIERE
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FW MOVE FORWARD
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Of 3,768 companies in sector 68321 we hold annual accounts for 1,391. 316 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-08-2019
Fiscal year end30-06
Activities, NACEBEL
68321Property management for co-owned buildings (syndics)
68322Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.