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SPS FIN

Active
Public limited companyfounded 2009active for 17 yearsNeringsweg 2, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 0811.365.903
Summary

SPS FIN has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €423,413. Equity has been growing by about 2.7% per year since 2018. Its solvency ranks better than 37% of 2,445 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
SPS FINActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Official details

Source: KBO
Status
Active since 24-04-2009 Normal situation
Activity
Other construction installation NACE 43240and 3 others
Establishment unit
2.178.978.504 9820 Merelbeke-Melle, since 24-04-2009
Financial year end
31 December
Peppol
Reachable since 21-10-2026
Company details

Board and ownership

Board
  • Enve NV in vereffeningDirector · since 27-06-2025
  • Wevers WillemDirector · since 27-06-2025
Auditor
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
Shareholders
and 2 other shareholders
Board & ownership

Financial position

95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Turnover
€1.6m
▲ 18.2%
Profit
€423,413
▲ 353%
Equity
€1.7m
▼ 3.6%
Total assets
€5.2m
▼ 8.1%
Net result +353%: other schema
Financials
Score breakdownraises riskSector: Specialised construction activities (NACE 43)lowers riskSize: turnover €1.6m, total assets €5.2mFounded in 2009Figures for financial year 2025 (filed on 17-07-2026)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 63% of small companies in specialised construction (NACE 43)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Strong
Solvency 58+2
equity 33.0% of total assets
Liquidity 60+3
short-term debt 25.6% · cash 15.7%
Profitability 85+19
return on assets 8.2%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,649 companies, NACE 43, small)
Last 24 months 12-2024: < 0.1%lowest value 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: 0.1%▲ +0.1 percentage points vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025highest value 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €150,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.73 (0.71 in 2024), below 1. Short-term debt is 25.6% and cash 15.7% of total assets. 67% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 43, small). It does better than 42% of them on solvency, 75% on liquidity, 83% on profitability and 52% on growth.

The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: turnover €1.6m, total assets €5.2m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Founded in 2009
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2025 (filed on 17-07-2026)
NBB · annual accounts
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
14 days early
2024
7 days early
2023
15 days early
2022
27 days early
2021
26 days early
2020
16 days early
2019
9 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Result rose in 2025different schema filed ▲ 353% View
  • Positive: Higher net result than 83% of companies in specialised constructionsector median €42,866 · 2,446 companies €423,413 View
  • Positive: 8 profitable years in a rowprofit 2025: €423,413 8 years View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 7 years View

Recent changes

  1. · Gazette deed 1 director appointed, 2 directors resigningResignations: Peter John Lee (class A director) and Nathalie Blauwblomme (class A director) · Appointment: Nathalie Blauwblomme (class A director) · Permanent representatives: Christine Vanderveeren and Thomas Goethals
  2. · Gazette deed 5 directors resigning, 4 reappointedResignations: INFRABEL, ENVE and 3 others · Reappointments: INFRABEL, ENVE and 3 others · Permanent representative: GOETHALS Thomas
  3. · Gazette deed 1 director appointed, 1 director resigning, 2 reappointedAppointment: BDO Bedrijfsrevisoren CVBA (statutory auditor) · Reappointments: Bruno Heirman (class B director) and Luc Van Hove (class B director) · Permanent representatives: Thomas Goethals and Christine Vanderveeren
All 17 events

Companies linked to SPS FIN

Comparable companies

These companies have the same main activity as SPS FIN: other construction installation (NACE 43240). They are comparable in size and age: total assets between €3.7m and €8.5m, founded between 2006 and 2014.

CompanyTotal assetsGross margin
SPS FIN Merelbeke-Melle€5.2m€1.4m
BOROZO Beveren-Kruibeke-Zwijndrecht€5.1m€1.2m
GRENSON & FILS Andenne€4.4m€1.8m
Stamhuis België Antwerpen€4.6m€0.8m
Debaets Real Estate Menen€8.5m€1.5m
Ntgrate Kortrijk€3.7m€2.1m
ELVACENTER Nazareth-De Pinte€7.9m€2.3m
Full comparison

Key facts about SPS FIN
What is the company number of SPS FIN?
The company number of SPS FIN is 0811.365.903. The VAT number is the same number with BE in front: BE 0811.365.903.
Where is SPS FIN based?
The registered office is at Neringsweg 2, 9820 Merelbeke-Melle.Company details
What does SPS FIN do?
According to the KBO register, the main activity is other construction installation (NACE 43240).
What is the legal form of SPS FIN?
The legal form of SPS FIN is Public limited company (NV).
When was SPS FIN founded?
SPS FIN was founded on 24-04-2009.
Is SPS FIN still active?
Yes, SPS FIN is an active enterprise in the KBO register.
What is the turnover of SPS FIN?
The turnover of SPS FIN was €1.6m in financial year 2025, according to the filed annual accounts.Financials
Is SPS FIN profitable?
In financial year 2025, SPS FIN made a profit of €423,413.
Where can I find the annual accounts of SPS FIN?
SPS FIN filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SPS FIN due?
SPS FIN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

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