SPUNKY STRINGS
ActiveSummary
SPUNKY STRINGS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €16k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 42% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency62▲+24
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.15 in 2024; short-term debt: 63.3% and cash: 1.4% of total assets), but 63.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
3 d early
2021
3 d early
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€20k▲ 434%
2024 · €4k
2019: €-13k
2020: €-15k▼ -16.0% vs 2019
2021: €-20k▼ -28.7% vs 2020lowest in 7 years
2022: €30k▲ +249% vs 2021highest in 7 years
2023: €22k▼ -24.7% vs 2022
2024: €4k▼ -83.3% vs 2023
2025: €20k▲ +434% vs 2024
2019 → 2025
Total assets
€54k▲ 90.8%
2024 · €28k
2019: €35k
2020: €36k▲ +4.8% vs 2019
2021: €32k▼ -13.2% vs 2020
2022: €30k▼ -3.5% vs 2021
2023: €25k▼ -19.6% vs 2022lowest in 7 years
2024: €28k▲ +15.9% vs 2023
2025: €54k▲ +90.8% vs 2024highest in 7 years
2019 → 2025
Net result
€16k
2024 · €-19k
2019: €-6k
2020: €-2k▲ +63.5% vs 2019
2021: €-4k▼ -108% vs 2020
2022: €50k▲ +1216% vs 2021highest in 7 years
2023: €-7k▼ -115% vs 2022
2024: €-19k▼ -154% vs 2023lowest in 7 years
2025: €16k▲ +187% vs 2024
2019 → 2025
Working capital
€20k▲ 434%
2024 · €4k
2019: €-15k
2020: €-16k▼ -9.8% vs 2019
2021: €-20k▼ -23.3% vs 2020lowest in 7 years
2022: €30k▲ +248% vs 2021highest in 7 years
2023: €22k▼ -24.7% vs 2022
2024: €4k▼ -83.3% vs 2023
2025: €20k▲ +434% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-20k-€30k€22k▼ 24.7%€4k▼ 83.3%€20k▲ 434%
2021: €-20klowest in 5 years
2022: €30k▲ +249% vs 2021highest in 5 years
2023: €22k▼ -24.7% vs 2022
2024: €4k▼ -83.3% vs 2023
2025: €20k▲ +434% vs 2024
Operating result€-4k-€50k€-7k€-19k▼ 157%€16k
2021: €-4k
2022: €50k▲ +1254% vs 2021highest in 5 years
2023: €-7k▼ -115% vs 2022
2024: €-19k▼ -157% vs 2023lowest in 5 years
2025: €16k▲ +188% vs 2024
Net result€-4k-€50k€-7k€-19k▼ 154%€16k
2021: €-4k
2022: €50k▲ +1216% vs 2021highest in 5 years
2023: €-7k▼ -115% vs 2022
2024: €-19k▼ -154% vs 2023lowest in 5 years
2025: €16k▲ +187% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €16k after a loss of €19k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €54k
Equity
€20k ▲ 434%
Debt
€34k ▲ 39.1%
Debt's share of the balance-sheet total falls from 86.9% to 63.3%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.58▲
2024 · 1.15
Quick ratio
0.92▲
2024 · 0.23
Debt to equity
1.73▼
2024 · 6.63
ROE
81.3%▲
2024 · -499.2%
ROA
29.8%▲
2024 · -65.4%
Debt ≤ 1 year
€34k▲
2024 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet
Code20242025
Assets
Total assets20/58€28k€54k▲
Current assets29/58€28k€54k▲
Stocks and contracts in progress3€23k€23k▼
Stocks30/36€23k€23k▼
Amounts receivable within one year40/41€4k€30k▲
Trade receivables40-€30k
Other amounts receivable41€4k€0▼
Cash at bank and in hand54/58€482€785▲
Deferred charges and accrued income490/1€874€769▼
Equity and liabilities
Total equity and liabilities10/49€28k€54k▲
Equity10/15€4k€20k▲
Contributions10/11€50k€50k=
Profit (loss) carried forward14€-46k€-30k▲
Amounts payable17/49€25k€34k▲
Amounts payable within one year42/48€25k€34k▲
Trade debts44€24k€33k▲
Suppliers440/4€24k€33k▲
Taxes, remuneration and social security45-€88
Taxes450/3-€88
Other amounts payable47/48€232€1k▲
Income statement
Code20242025
Other operating charges640/8€498€506▲
Gross operating margin9900€-18k€17k▲
Operating profit (loss)9901€-19k€16k▲
Financial income75/76B€115-
Recurring financial income75€115-
Financial charges65/66B€147€151▲
Recurring financial charges65€147€151▲
Profit (loss) for the period before taxes9903€-19k€16k▲
Profit (loss) for the period9904€-19k€16k▲
Profit (loss) for the period to be appropriated9905€-19k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-46k€-30k▲
Profit (loss) brought forward from the previous period14P€-28k€-46k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €657 | €116 | - | - | - | - |
| Other operating charges640/8 | - | €449 | €453 | €498 | €506 | ▲ 1.6% |
| Gross operating margin9900 | €-3k | €50k | €-7k | €-18k | €17k | ▲ 193% |
| Operating profit (loss)9901 | €-4k | €50k | €-7k | €-19k | €16k | ▲ 188% |
| Financial income75/76B | - | €11 | €52 | €115 | - | - |
| Recurring financial income75 | - | €11 | €52 | €115 | - | - |
| Financial charges65/66B | - | €147 | €151 | €147 | €151 | ▲ 2.3% |
| Recurring financial charges65 | €135 | €147 | €151 | €147 | €151 | ▲ 2.3% |
| Profit (loss) for the period before taxes9903 | €-4k | €50k | €-7k | €-19k | €16k | ▲ 187% |
| Profit (loss) for the period9904 | €-4k | €50k | €-7k | €-19k | €16k | ▲ 187% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €50k | €-7k | €-19k | €16k | ▲ 187% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32k | €30k | €25k | €28k | €54k | ▲ 90.8% |
| Fixed assets21/28 | €116 | - | - | - | - | - |
| Tangible fixed assets22/27 | €116 | - | - | - | - | - |
| Current assets29/58 | €31k | €30k | €25k | €28k | €54k | ▲ 90.8% |
| Stocks and contracts in progress3 | €24k | €23k | €23k | €23k | €23k | ▼ 1.0% |
| Stocks30/36 | - | €23k | €23k | €23k | €23k | ▼ 1.0% |
| Amounts receivable within one year40/41 | €6k | €6k | - | €4k | €30k | ▲ 600% |
| Trade receivables40 | - | €6k | - | - | €30k | - |
| Other amounts receivable41 | - | - | - | €4k | €0 | ▼ 100.0% |
| Cash at bank and in hand54/58 | €908 | €1k | €794 | €482 | €785 | ▲ 62.9% |
| Deferred charges and accrued income490/1 | - | €758 | €654 | €874 | €769 | ▼ 12.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32k | €30k | €25k | €28k | €54k | ▲ 90.8% |
| Equity10/15 | €-20k | €30k | €22k | €4k | €20k | ▲ 434% |
| Contributions10/11 | - | €50k | €50k | €50k | €50k | = |
| Profit (loss) carried forward14 | €-70k | €-20k | €-28k | €-46k | €-30k | ▲ 34.9% |
| Amounts payable17/49 | €52k | €842 | €2k | €25k | €34k | ▲ 39.1% |
| Amounts payable within one year42/48 | €52k | €842 | €2k | €25k | €34k | ▲ 39.1% |
| Trade debts44 | €1k | €412 | €2k | €24k | €33k | ▲ 35.8% |
| Suppliers440/4 | - | €412 | €2k | €24k | €33k | ▲ 35.8% |
| Taxes, remuneration and social security45 | - | €188 | €75 | - | €88 | - |
| Taxes450/3 | - | €188 | €75 | - | €88 | - |
| Other amounts payable47/48 | - | €243 | €258 | €232 | €1k | ▲ 351% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €50k | €-7k | €-19k | €16k | ▲ 187% |
| + Depreciation and write-downs630 | €657 | €116 | - | - | - | - |
| Operating cash flow (approximation) | €-4k | €50k | €-7k | €-19k | €16k | ▲ 187% |
| Change in cash | - | €137 | €-251 | €-313 | €303 | ▲ 197% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Back to profitnet €50k
Net result €50k after 3 loss-making years.
30-06
Financial
Liquidity times 59current ratio 36.19
Current ratio from 0.61 to 36.19; short-term debt falls from €52k to €842.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
18-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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 2012
Ground area
171 m²
Building footprint
89 m²
Parcel 11811L3752/00R002, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Spunky Strings
since 20122.213.498.527
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3752/00R002 | Flanders | 171 m² | 1 · 89 m² | - |
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.
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,571. 1,660 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded26-09-2012
Fiscal year end30-06
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
46180Agents specialised in the wholesale of other particular products
Scores and ratios are computed by Checked and are not a credit decision.