Spreadilicious
ActiveSummary
The computed 12-month bankruptcy probability of Spreadilicious is 1.8% (moderate). The 2025 annual accounts show equity of €30,529 and a net result of €19,797. Its solvency ranks better than 14% of 812 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability59▲+12
Solvency27▲+1
Growth78
Track record82
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.14 against 1.45 in 2024; short-term debt: 56.2% and cash: 2.5% of total assets), and 98.2% 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 · Young company
A young company has little track record yet and statistically fails more often than an established 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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% 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
1.8%
Return on assets
1.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 812 sector peers (2025).
NBB · sector comparisonPosition among 812 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
52 d early
2024
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 54 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€30,529▲ 184%
2024 · €10,732
Total assets
€1.7m▲ 66.2%
2024 · €1.0m
Net result
€19,797▲ 2,603%
2024 · €732
Working capital
€133,771▼ 10.3%
2024 · €149,191
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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
Line20242025
Operating result€24,262-€49,806▲ 105%
Net result€732below the sector's middle half-€19,797within the sector's middle half▲ 2,603%
Equity€10,732below the sector's middle half-€30,529below the sector's middle half▲ 184%
Total assets€1.0mwithin the sector's middle half-€1.7mwithin the sector's middle half▲ 66.2%
Debt€1.0m-€1.7m▲ 65.0%
Working capital€149,191within the sector's middle half-€133,771within the sector's middle half▼ 10.3%
Solvency1.0%below the sector's middle half-1.8%below the sector's middle half▲ 0.7pp
Current ratio1.45within the sector's middle half-1.14within the sector's middle half▼ 0.32
Return on assets (ROA)0.1%below the sector's middle half-1.1%within the sector's middle half▲ 1.1pp
Staff (FTE)0.3below the sector's middle half-2.5below the sector's middle half▲ 733%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 105% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€626,970 ▲ 10.4%
Current assets
€1.1m ▲ 133%
Equity and liabilities €1.7m
Equity
€30,529 ▲ 184%
Debt
€1.7m ▲ 65.0%
Debt's share of the balance-sheet total falls from 99.0% to 98.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€117,539▲
2024 · €73,620
Cash flow
€87,530▲
2024 · €50,091
Quick ratio
0.80▲
2024 · 0.76
Debt to equity
55.90▼
2024 · 96.38
ROE
64.8%▲
2024 · 6.8%
Interest coverage
4.66▲
2024 · 3.44
Debt ≤ 1 year
€976,320▲
2024 · €328,080
Debt > 1 year
€729,748▲
2024 · €701,786
Income taxes
€4,904▲
2024 · €2,133
Staff costs
€145,756▲
2024 · €20,427
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,136 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
4.9%
went bankrupt
2.0%
stopped otherwise
92%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 2,136 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €20,427 | €145,756 | ▲ 614% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,358 | €67,733 | ▲ 37.2% |
| Other operating charges640/8 | €213 | €577 | ▲ 171% |
| Non-recurring operating charges66A | - | €40,095 | - |
| Gross operating margin9900 | €94,260 | €303,967 | ▲ 222% |
| Operating profit (loss)9901 | €24,262 | €49,806 | ▲ 105% |
| Financial income75/76B | €9 | €108 | ▲ 1,153% |
| Recurring financial income75 | €9 | €108 | ▲ 1,153% |
| Financial charges65/66B | €21,405 | €25,212 | ▲ 17.8% |
| Recurring financial charges65 | €21,405 | €25,212 | ▲ 17.8% |
| Profit (loss) for the period before taxes9903 | €2,866 | €24,701 | ▲ 762% |
| Income taxes67/77 | €2,133 | €4,904 | ▲ 130% |
| Profit (loss) for the period9904 | €732 | €19,797 | ▲ 2,603% |
| Profit (loss) for the period to be appropriated9905 | €732 | €19,797 | ▲ 2,603% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.0m | €1.7m | ▲ 66.2% |
| Fixed assets21/28 | €567,852 | €626,970 | ▲ 10.4% |
| Intangible fixed assets21 | €13,500 | €12,000 | ▼ 11.1% |
| Tangible fixed assets22/27 | €554,352 | €614,970 | ▲ 10.9% |
| Plant, machinery and equipment23 | €515,683 | €532,757 | ▲ 3.3% |
| Furniture and vehicles24 | €38,670 | €82,213 | ▲ 113% |
| Current assets29/58 | €477,270 | €1.1m | ▲ 133% |
| Stocks and contracts in progress3 | €228,550 | €327,691 | ▲ 43.4% |
| Stocks30/36 | €228,550 | €327,691 | ▲ 43.4% |
| Amounts receivable within one year40/41 | €200,778 | €725,679 | ▲ 261% |
| Trade receivables40 | €158,232 | €653,515 | ▲ 313% |
| Other amounts receivable41 | €42,547 | €72,164 | ▲ 69.6% |
| Cash at bank and in hand54/58 | €38,526 | €42,752 | ▲ 11.0% |
| Deferred charges and accrued income490/1 | €9,416 | €13,969 | ▲ 48.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.0m | €1.7m | ▲ 66.2% |
| Equity10/15 | €10,732 | €30,529 | ▲ 184% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Reserves13 | - | €20,529 | - |
| Distributable reserves133 | - | €20,529 | - |
| Profit (loss) carried forward14 | €732 | - | - |
| Amounts payable17/49 | €1.0m | €1.7m | ▲ 65.0% |
| Amounts payable after more than one year17 | €701,786 | €729,748 | ▲ 4.0% |
| Financial debts170/4 | €101,786 | €129,748 | ▲ 27.5% |
| Other amounts payable178/9 | €600,000 | €600,000 | = |
| Amounts payable within one year42/48 | €328,080 | €976,320 | ▲ 198% |
| Current portion of amounts payable after more than one year42 | €25,092 | €44,571 | ▲ 77.6% |
| Financial debts43 | - | €26,000 | - |
| Credit institutions430/8 | - | €26,000 | - |
| Trade debts44 | €288,788 | €881,553 | ▲ 205% |
| Suppliers440/4 | €288,788 | €881,553 | ▲ 205% |
| Taxes, remuneration and social security45 | €14,200 | €24,196 | ▲ 70.4% |
| Taxes450/3 | €4,533 | €9,587 | ▲ 111% |
| Remuneration and social security454/9 | €9,667 | €14,608 | ▲ 51.1% |
| Accrued charges and deferred income492/3 | €4,525 | €464 | ▼ 89.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €732 | €19,797 | ▲ 2,603% |
| + Depreciation and write-downs630 | €49,358 | €67,733 | ▲ 37.2% |
| Operating cash flow (approximation) | €50,091 | €87,530 | ▲ 74.7% |
| Investment in fixed assets (approximation) | - | -€126,851 | - |
| Change in cash | - | €4,226 | - |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
NBB filing
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, Olen · 1 establishment unit since 2023
Ground area
7,760 m²
Building footprint
4,739 m²
Volume, LiDAR
6,588 m³
Parcel 13029G0116/00R000, Flanders · tallest building 10.6 m. Linked by address, not a title deed.
1 establishment unit
Spreadilicious
since 20232.352.242.278
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13029G0116/00R000 | Flanders | 7,760 m² | 1 · 4,739 m² | 10.6 m |
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.
Public money · subsidies and aid
Flemish government
2025 · 2 entries · 19,310 EUR awarded · 16,162 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 19,310 EUR | 16,162 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteOlen2.352.242.278
Identification & contact
Identification
Legal formPrivate limited company
Founded13-11-2023
Fiscal year end31-12
Activities, NACEBEL 2025
10420Manufacture of food products
10820Manufacture of cocoa, chocolate and sugar confectionery
10720Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:1002220331
Also
9925:BE1002220331
Registered
29-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.