SPUR GROUP

Active

Private limited companyfounded 20215 yrs activeKBO/BCE: BE 0761.826.518

Summary

The computed 12-month bankruptcy probability of SPUR GROUP is 21.2% (high). The annual accounts of SPUR GROUP for fiscal year 2024 show a net loss of 201% of total assets and of 96% of the equity at the start of that year. The 2024 annual accounts show equity of €1,273 and a net result of -€29,076. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).

Risk analysisWatch Report Compare

SPUR GROUPActiveChecked score 11/100

Risk analysis Report Compare

Activity

Activity not known1 site

Size

€14,438total assets 2024

Equity: €1,273
Loss: -€29,076

Turnover not published (abridged schema)

Financial health

11 Critical Checked score 2024

Bankruptcy chance 12 m: 21.2%

Structure

Board: 1 member

Accounts 67 d overdue1 of 6 deeds read

Why 11- Figures for FY 2024 (filed 14-06-2025)- 1 change of registered office in 24 months- No main activity registered+ Size: total assets €14,438Show the evidence

Checked score

Score 2024

11 / 100

Critical

Probability in this band: over 15.0%

Better than 13% of its sector peers (no NACE code, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2023

Weak

Solvency 34-19

equity 8.8% of total assets

Liquidity 40+2

short-term debt 91.2% · cash 32.3%

Profitability 0-75

return on assets -201.4%

Bankruptcy probability, 12 months

21.2% High

0%0.5%1.5%4%10%≥ 25%

About 1 in 5 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.8% 12-2024: 0.8%● 0.0% vs 11-2024 01-2025: 0.8%▼ -1.0% vs 12-2024lowest value 02-2025: 0.8%▲ +2.5% vs 01-2025 03-2025: 0.8%● 0.0% vs 02-2025 04-2025: 0.8%▲ +4.9% vs 03-2025 05-2025: 0.9%▲ +3.1% vs 04-2025 06-2025: 1.7%▲ +98.8% vs 05-2025 07-2025: 4.1%▲ +143% vs 06-2025 08-2025: 6.6%▲ +60.1% vs 07-2025 09-2025: 6.6%● 0.0% vs 08-2025 10-2025: 6.6%● 0.0% vs 09-2025 11-2025: 6.6%● 0.0% vs 10-2025 12-2025: 6.6%● 0.0% vs 11-2025 01-2026: 6.6%● 0.0% vs 12-2025 02-2026: 6.9%▲ +5.0% vs 01-2026 03-2026: 7.1%▲ +2.1% vs 02-2026 04-2026: 7.5%▲ +6.2% vs 03-2026 05-2026: 8.0%▲ +6.9% vs 04-2026 06-2026: 8.7%▲ +8.7% vs 05-2026 07-2026: 9.1%▲ +4.7% vs 06-2026 08-2026: 11.8%▲ +29.8% vs 07-2026 09-2026: 13.6%▲ +14.8% vs 08-2026 10-2026: 21.2%▲ +55.7% vs 09-2026highest value

Figures for FY 2024 (filed 14-06-2025) raises the probability
1 change of registered office in 24 months raises the probability
No main activity registered raises the probability
Size: total assets €14,438 lowers the probability for this profile

No credit on open account

Liquidity short (current ratio 0.47 against 1.24 in 2023; short-term debt: 91.2% and cash: 32.3% of total assets), and 91.2% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 22%, liquidity 23%, profitability 4%, growth against the median 4%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Figures for FY 2024 (filed 14-06-2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

1 change of registered office in 24 months

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

No main activity registered

In the bankruptcy model this factor raises the probability.

KBO

Size: total assets €14,438

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2025, 49 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

49 d early

2023

27 d early

2022

53 d early

2021

38 d early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 4 accounts on average 42 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Administrative warnings in the KBO publications

2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.

KBO publications

Publications

Address struck×2

13-01-26 Address struckevent 21-12-2025
16-12-25 Resignation: M'RABET Abdeslam (director)Appointment: LESTAVEL Jean-Noël (director) ·…
12-06-25 Annual accounts filedfiscal year 2024 · micro…

Key points

Caution: Accounts not fileddeadline was 31-07-2026 67 d late View
Caution: Board changedlatest change 16-12-2025 · 1 in office 1 joined · 1 left View
Total assets 20244 fiscal years filed €14,438 View