Spraystream Technics
ActiveSummary
Spraystream Technics has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127,196 and a net result of €26,082. Equity is shrinking by about 6.5% per year across the filed financial years. Its solvency ranks better than 95% of 1,238 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €127,196
- Profit
- €26,082
- Parent
- VAN BELLE - TECHNISCH BUREAU · 99.67%
- VAN BELLE - TECHNISCH BUREAUDirector · permanent representative SAVIC Mirko
Why 98raises riskSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskLiquidity: current ratio 16.38, cash €117,883Equity €127,196 (93.9% of total assets)Founded in 2012Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, micro): better than 90% on solvency, 98% on liquidity, 73% on profitability and 76% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 18 days before the deadline; the sector median (NACE 25) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Purpose · Amendment of the articles…Name change · Purpose change…
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen two years in a row; 2025 is 1% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,693 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,030 | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €459 | €460 | €377 | €513 | ▲ 36.1% |
| Gross operating margin9900 | €114,438 | €86,156 | €85,462 | €32,504 | €44,107 | €27,261 | €27,186 | ▼ 0.3% |
| Operating profit (loss)9901 | €113,060 | €85,875 | €85,007 | €32,046 | €43,647 | €26,884 | €26,672 | ▼ 0.8% |
| Recurring financial income75 | €7,398 | €7,673 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €1,510 | €163 | €213 | €241 | ▲ 13.3% |
| Recurring financial charges65 | €102 | €2,827 | €142 | €1,510 | €163 | €213 | €241 | ▲ 13.3% |
| Profit (loss) for the period before taxes9903 | €120,357 | €90,721 | €84,864 | €30,536 | €43,484 | €26,671 | €26,431 | ▼ 0.9% |
| Income taxes67/77 | €7,117 | €5,269 | €3,079 | €390 | €1,066 | €1,142 | €349 | ▼ 69.4% |
| Profit (loss) for the period9904 | €113,239 | €85,452 | €81,786 | €30,146 | €42,417 | €25,529 | €26,082 | ▲ 2.2% |
| Profit (loss) for the period to be appropriated9905 | €113,239 | €85,452 | €81,786 | €30,146 | €42,417 | €25,529 | €26,082 | ▲ 2.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €460,834 | €391,367 | €130,838 | €158,931 | €80,680 | €105,929 | €135,464 | ▲ 27.9% |
| Current assets29/58 | €460,834 | €391,367 | €130,838 | €158,931 | €80,680 | €105,929 | €135,464 | ▲ 27.9% |
| Amounts receivable within one year40/41 | - | €26,143 | €1,921 | €34,496 | €20,024 | €11,838 | €13,581 | ▲ 14.7% |
| Trade receivables40 | - | - | - | €14,886 | €11,032 | €7,981 | €12,931 | ▲ 62.0% |
| Other amounts receivable41 | - | - | - | €19,610 | €8,991 | €3,858 | €651 | ▼ 83.1% |
| Cash at bank and in hand54/58 | €106 | €151,882 | €128,916 | €124,211 | €60,656 | €94,091 | €117,883 | ▲ 25.3% |
| Deferred charges and accrued income490/1 | - | - | - | €225 | €0 | - | €4,000 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €460,834 | €391,367 | €130,838 | €158,931 | €80,680 | €105,929 | €135,464 | ▲ 27.9% |
| Equity10/15 | €446,085 | €131,537 | €123,022 | €153,168 | €75,585 | €101,114 | €127,196 | ▲ 25.8% |
| Contributions10/11 | €30,000 | - | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €416,085 | €101,537 | €93,022 | €123,168 | €45,585 | €71,114 | €97,196 | ▲ 36.7% |
| Non-distributable reserves130/1 | - | - | - | €3,000 | €3,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €3,000 | €3,000 | €0 | - | - |
| Distributable reserves133 | - | - | - | €120,168 | €42,585 | €71,114 | €97,196 | ▲ 36.7% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €14,750 | €259,830 | €7,816 | €5,764 | €5,094 | €4,815 | €8,268 | ▲ 71.7% |
| Amounts payable within one year42/48 | €14,750 | €259,656 | €7,644 | €5,591 | €4,922 | €4,815 | €8,268 | ▲ 71.7% |
| Trade debts44 | €1,029 | €1,321 | €445 | €550 | €275 | €303 | €315 | ▲ 4.0% |
| Suppliers440/4 | - | - | - | €550 | €275 | €303 | €315 | ▲ 4.0% |
| Taxes, remuneration and social security45 | - | - | - | €1,532 | €31 | €1,367 | €2,074 | ▲ 51.7% |
| Taxes450/3 | - | - | - | €1,532 | €31 | €1,367 | €2,074 | ▲ 51.7% |
| Other amounts payable47/48 | - | - | - | €3,509 | €4,616 | €3,145 | €5,880 | ▲ 86.9% |
| Accrued charges and deferred income492/3 | - | - | - | €172 | €172 | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €113,239 | €85,452 | €81,786 | €30,146 | €42,417 | €25,529 | €26,082 | ▲ 2.2% |
| + Depreciation and write-downs630 | €1,030 | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €114,270 | €85,452 | €81,786 | €30,146 | €42,417 | €25,529 | €26,082 | ▲ 2.2% |
| Change in cash | - | €151,776 | -€22,966 | -€4,706 | -€63,555 | €33,435 | €23,792 | ▼ 28.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 06-11-2025 | 2025-00563484 |
| 30-06-2024 | abbreviated format | 30-01-2025 | 2025-00017522 |
| 30-06-2023 | abbreviated format | 09-02-2024 | 2024-00028724 |
| 30-06-2022 | abbreviated format | 06-02-2023 | 2023-00023449 |
| 30-06-2021 | abbreviated format | 31-01-2022 | 2022-03500171 |
| 30-06-2020 | abbreviated format | 02-02-2021 | 2021-04300243 |
| 30-06-2019 | abbreviated format | 05-12-2019 | 2019-75400139 |
| 30-06-2018 | abbreviated format | 02-01-2019 | 2019-00100029 |
| 30-06-2017 | micro format | 08-01-2018 | 2018-00300530 |
| 30-06-2016 | abbreviated format | 03-01-2017 | 2017-00100096 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VAN BELLE - TECHNISCH BUREAU |
|
Owners and capital
Owners
1 ownerChain of control
- VAN BELLE - TECHNISCH BUREAU
- Spraystream Technics
Highest known parent: VAN BELLE - TECHNISCH BUREAU. The sources do not say who stands above it.
Owners 1
-
99.67%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 24-07-2023 Converted to unavailable equity · €30,000
- 24-07-2023 Converted to unavailable equity · €3,000
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
08-07
Gazette deed
Purpose · Amendment of the articles · Name · MiscellaneousName change · Purpose change · Power of attorney4 facts ▸
- General meeting, 06-07-2026
- Name change, SpraystreamTechnics
- Purpose change
- Power of attorney, LiesbetDegroote
24-07
Gazette deed
Reappointment: VAN BELLE - TECHNISCH BUREAU (director)Permanent representative: SAVIC Mirko · Capital conversion · Reserve release12 facts ▸
- General meeting, 03-07-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, besloten vennootschap” (deed in Dutch)
- Capital conversion, “Onbeschikbare inbreng buiten kapitaal-Andere” (deed in Dutch)
- Capital conversion, “Statutair onbeschikbare reserves” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, opheffing en overzetting naar beschikbaar voor uitkering” (deed in Dutch)
- Amendment of the articles (2 times)
- Director reappointment, VAN BELLE - TECHNISCH BUREAU (director (not named in the articles))
- Permanent representative, SAVIC Mirko
- Other provision, “kwijting zaakvoerder (bestuurder) voor mandaat, op volgende jaarvergadering te beslissen” (deed in Dutch)
- Registered office clause, “8500 Kortrijk, Evolis 17” (deed in Dutch)
- Power of attorney, Liesbet Degroote
- Other provision, “gecoördineerde tekst statuten, vergadering neemt kennis en keurt goed” (deed in Dutch)
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0847.592.136
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34353B0772/00B000 | Flanders | 6,992 m² | 1 · 2,351 m² | - |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimiteddeed of 24-07-2023
- Name clauseThe name the company operates under according to its articles.
- One provision in the deeddeed of 08-07-2026
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deeddeed of 24-07-2023
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “- Vertegenwoordiging van de vennootschap Iedere bestuurder, ook wanneer meerdere bestuurders of een collegiaal bestuursorgaan werd(en)…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking,bij gebrek onbepaalde duur, een of meer bestuurders,natuurlijke of rechtspersonen,al dan niet aandeelhouders” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of December at 10:00