Equity
€268,602 ▲ 4.7%
SPW BELGIQUE has made a profit without a break since 2010.
SPW BELGIQUE
Lifetime
19 annual accounts with figures on one time axisGross marginpeak €37,020 (2013)
€24,286▲ 11.4%
Resultlowest -€15,185 (2007)
€12,168▲ 33.7%
Equitypeak €268,602 (2025)
€268,602▲ 4.7%
Debts
€2,786▼ 52.4%
Board1 name since 2021
1 directorCaroline van Warmerdam
Documentsfilings and deeds
25-06-202636 days before the deadline
2025abbreviated format
Result from €9,098 to €12,168Debts from €5,851 to €2,786Cash from €23,437 to €39,847
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 70% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,273 companies (NACE 47, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.4%▲ +0.1 percentage points vs 03-2025highest value
05-2025: 0.1%▼ -0.3 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
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: 0.2%▲ +0.1 percentage points vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Retail trade (NACE 47)
lowers risk
Equity €268,602 (99.0% of total assets)
Founded in 2006
Liquidity: current ratio 16.75, cash €39,847
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 47, micro). It does better than 92% of them on solvency, 75% on liquidity, 60% on profitability and 51% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 16.75 (5.19 in 2024), above the usual 1.5. Short-term debt is 1% and cash 14.7% of total assets. 1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 days early
2024
25 days early
2023
23 days early
2022
29 days late
2021
13 days late
2020
3 days late
2019
33 days late
← 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 1 day before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 9 July (4 of the last 5 accounts filed within 35 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
CV
Caroline van Warmerdam
Director
Shares in 1 company, SPW France
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0885895456
Registered office moved within Waterloo
New registered office: Avenue André Le Nôtre 10, 1410 Waterloo · Previous registered office: Avenue André Le Nôtre 9, 1410 Waterloo · General meeting of 26-01-2023 · Gazette deed
Incorporation
published on 04-01-2007 · Gazette deed
First establishment
S.P.W. BELGIQUE, Avenue Le Nôtre (André) 9, Waterloo
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| SPW BELGIQUE Waterloo | €271,389 | €24,286 | 99.0% | - |
| GLOBAL CONNECT Genk | €252,921 | €28,558 | 53.9% | - |
| MILDECO Schaerbeek | €279,274 | €28,752 | -35.8% | - |
| ZAKO Rochefort | €293,095 | €24,449 | 22.4% | - |
| DE MEUBELAERE Antwerp | €289,296 | €18,355 | 23.2% | - |
| HOME BEDDING Zulte | €227,357 | €17,725 | 42.5% | - |
| CASALINE Evere | €335,954 | €30,271 | 38.0% | - |
These companies have the same main activity as SPW BELGIQUE: retail sale of household furniture (NACE 47551). They are comparable in size and age: total assets between €227,000 and €336,000, founded between 2002 and 2006.
Official details
Source: KBO- Status
- Active since 22-12-2006Normal situation
- Activity
- Retail sale of household furnitureNACE 47551
- Establishment unit
- 2.176.298.5321410 Waterloo, since 21-12-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 03-12-2025
Annual accounts 2025
- Turnover
- ≈ €230,000estimated
- Total assets
- €271,389▲ 3.5%
- Filing
- Filed on 25-06-2026, 36 days before the end of the filing period
Insights on SPW BELGIQUE
SPW BELGIQUE files the abbreviated format. That format states no turnover. The gross margin rose from €3,562 in 2007 to €24,286 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SPW BELGIQUE
- What is the company number of SPW BELGIQUE?
- The company number of SPW BELGIQUE is 0885.895.456. The VAT number is the same number with BE in front: BE 0885.895.456.
- Where is SPW BELGIQUE based?
- The registered office is at Avenue Le Nôtre (André) 10, 1410 Waterloo.Company details
- What does SPW BELGIQUE do?
- According to the KBO register, the main activity is retail sale of household furniture (NACE 47551).
- What is the legal form of SPW BELGIQUE?
- SPW BELGIQUE is a private limited company (BV).
- When was SPW BELGIQUE founded?
- SPW BELGIQUE was founded on 22-12-2006.
- Is SPW BELGIQUE still active?
- Yes, SPW BELGIQUE is an active enterprise in the KBO register.
- What is the turnover of SPW BELGIQUE?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €24,286 and 85 comparable companies (NACE 475). It probably lies between €120,000 and €470,000. It is a rough estimate.Financials
- Is SPW BELGIQUE profitable?
- In financial year 2025, SPW BELGIQUE made a profit of €12,168.
- Where can I find the annual accounts of SPW BELGIQUE?
- SPW BELGIQUE filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SPW BELGIQUE due?
- SPW BELGIQUE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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