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SPV SERVICES

Active
Private limited companyfounded 20232 yrs activeAlsembergsesteenweg 842, 1180 Ukkel, BelgiumKBO/BCE: BE 1003.981.276
Summary

The computed 12-month bankruptcy probability of SPV SERVICES is 5.1% (elevated). The 2024 annual accounts show equity of €16,226 and a net result of €9,226. Its solvency ranks better than 48% of 3560 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability76
Solvency64
Growth-
Track record67
Bankruptcy probability, 12 months
5.1% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.33; short-term debt: 61.4% and cash: 8.4% of total assets), and 61.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
38.6%
Return on assets
22%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2024
20 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 20 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SPV SERVICES was incorporated on 28 December 2023 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, full schema

Turnover
€433,213
EBIT margin
3.4%
Net result
€9,226
Working capital
€8,412
Balance-sheet composition
Assets €42,010
Fixed assets €7,815
Current assets €34,195
Equity and liabilities €42,010
Equity €16,226
Debt €25,783
Debt finances 61.4% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€17,650
Cash flow
€12,334
Current ratio
1.33
Debt to equity
1.59
ROE
56.9%
ROA
22.0%
Interest coverage
8.24
Debt ≤ 1 year
€25,783
Income taxes
€3,175
Staff costs
€4,022

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 5.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,276 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
Filed annual accounts As filed with the NBB · 2024 · 43 lines
Balance sheet Code2024
Assets
Total assets20/58€42,010
Fixed assets21/28€7,815
Tangible fixed assets22/27€7,572
Plant, machinery and equipment23€865
Furniture and vehicles24€6,708
Financial fixed assets28€243
Current assets29/58€34,195
Amounts receivable within one year40/41€28,810
Trade receivables40€26,383
Other amounts receivable41€2,427
Cash at bank and in hand54/58€3,547
Deferred charges and accrued income490/1€1,838
Equity and liabilities
Total equity and liabilities10/49€42,010
Equity10/15€16,226
Contributions10/11€7,000
Outside capital11€7,000
Other1109/19€7,000
Profit (loss) carried forward14€9,226
Amounts payable17/49€25,783
Amounts payable within one year42/48€25,783
Trade debts44€13,366
Suppliers440/4€12,945
Bills of exchange payable441€422
Taxes, remuneration and social security45€11,775
Taxes450/3€3,175
Remuneration and social security454/9€8,600
Other amounts payable47/48€642
Income statement Code2024
Turnover70€433,213
Goods, raw materials, services and sundry goods60/61€407,783
Remuneration, social security and pensions62€4,022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,107
Other operating charges640/8€7,185
Gross operating margin9900€28,856
Operating profit (loss)9901€14,542
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€2,141
Recurring financial charges65€2,141
Profit (loss) for the period before taxes9903€12,402
Income taxes67/77€3,175
Profit (loss) for the period9904€9,226
Profit (loss) for the period to be appropriated9905€9,226
Appropriation of the result
Profit (loss) to be appropriated9906€9,226

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Turnover70€433,213
Goods, raw materials, services and sundry goods60/61€407,783
Remuneration, social security and pensions62€4,022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,107
Other operating charges640/8€7,185
Gross operating margin9900€28,856
Operating profit (loss)9901€14,542
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€2,141
Recurring financial charges65€2,141
Profit (loss) for the period before taxes9903€12,402
Income taxes67/77€3,175
Profit (loss) for the period9904€9,226
Profit (loss) for the period to be appropriated9905€9,226
Line2024
Assets
Total assets20/58€42,010
Fixed assets21/28€7,815
Tangible fixed assets22/27€7,572
Plant, machinery and equipment23€865
Furniture and vehicles24€6,708
Financial fixed assets28€243
Current assets29/58€34,195
Amounts receivable within one year40/41€28,810
Trade receivables40€26,383
Other amounts receivable41€2,427
Cash at bank and in hand54/58€3,547
Deferred charges and accrued income490/1€1,838
Equity and liabilities
Total equity and liabilities10/49€42,010
Equity10/15€16,226
Contributions10/11€7,000
Outside capital11€7,000
Other1109/19€7,000
Profit (loss) carried forward14€9,226
Amounts payable17/49€25,783
Amounts payable within one year42/48€25,783
Trade debts44€13,366
Suppliers440/4€12,945
Bills of exchange payable441€422
Taxes, remuneration and social security45€11,775
Taxes450/3€3,175
Remuneration and social security454/9€8,600
Other amounts payable47/48€642
Line2024
Profit (loss) for the period9904€9,226
+ Depreciation and write-downs630€3,107
Operating cash flow (approximation)€12,334

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
20-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 20 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Ukkel · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,616 m²
Building footprint
1,089 m²
Volume, LiDAR
6,528 m³
Parcel 21614E0126/00A002, Brussels · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
313 companies at this address See who is registered here
1 establishment unit
SPV SERVICES
Alsembergsesteenweg 842, 1180 UkkelManufacture of metal structures and parts of structures
since 20232.353.787.350
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21614E0126/00A002 Brussels 1,616 m² 1 · 1,089 m² 12.7 m · 2 fl.
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.

Similar companies · same sector, comparable size

Of 4,020 companies in sector 43310 we hold annual accounts for 1,749. 1,257 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
Founded28-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43310Plastering work
43230Insulation installation
43341Painting of buildings
43910Bricklaying and masonry work
E-invoicing
Reachable via Peppol
Peppol ID 0208:1003981276
Also 9925:BE1003981276

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.