SSPCS Group
ActiveSummary
SSPCS Group has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.04M and a net result of €435k. Equity is growing by ~58.3% per year across the filed fiscal years. Its solvency ranks better than 33% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▲+14
Solvency47▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.78 in 2024; short-term debt: 65% and cash: 11.8% of total assets), but 77.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.3%
Return on assets
9.3%
Age of the figures
9 mo
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 22-05-2026, 70 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
70 d early
2024
76 d early
2023
71 d early
2022
52 d early
2021
69 d early
2020
2 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.04M▲ 72.3%
2024 · €601k
2018: €21k
2019: €80k
2020: €47k
2021: €438k
2022: €277k
2023: €448k
2024: €601k
2018 → 2025
Total assets
€4.65M▲ 148%
2024 · €1.88M
2018: €295k
2019: €408k
2020: €671k
2021: €1.47M
2022: €887k
2023: €1.37M
2024: €1.88M
2018 → 2025
Net result
€435k▲ 183%
2024 · €153k
2018: €15k
2019: €59k
2020: €-33k
2021: €391k
2022: €-160k
2023: €170k
2024: €153k
2018 → 2025
Working capital
€1.58M▲ 96.3%
2024 · €807k
2018: €21k
2019: €39k
2020: €104k
2021: €855k
2022: €470k
2023: €443k
2024: €807k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€438k-€277k▼ 36.6%€448k▲ 61.4%€601k▲ 34.3%€1.04M▲ 72.3%
Operating result€582k-€-149k€268k€319k▲ 19.0%€746k▲ 134%
Net result€391k-€-160k€170k€153k▼ 10.0%€435k▲ 183%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 134% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.65M
Fixed assets
€41k ▲ 23.6%
Current assets
€4.61M ▲ 150%
Equity and liabilities €4.65M
Equity
€1.04M ▲ 72.3%
Debt
€3.62M ▲ 183%
Debt's share of the balance-sheet total rises from 68.0% to 77.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€753k▲
2024 · €328k
Cash flow
€441k▲
2024 · €162k
Current ratio
1.52▼
2024 · 1.78
Quick ratio
1.08▼
2024 · 1.44
Debt to equity
3.49▲
2024 · 2.12
ROE
42.0%▲
2024 · 25.5%
ROA
9.3%▲
2024 · 8.2%
Interest coverage
4.36▲
2024 · 2.94
Debt ≤ 1 year
€3.03M▲
2024 · €1.04M
Debt > 1 year
€269k▲
2024 · €189k
Income taxes
€156k▲
2024 · €59k
Staff costs
€748k▲
2024 · €481k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.88M€4.65M▲
Fixed assets21/28€33k€41k▲
Intangible fixed assets21€29k€25k▼
Tangible fixed assets22/27€5k€2k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€711€0▼
Financial fixed assets28-€15k
Current assets29/58€1.84M€4.61M▲
Stocks and contracts in progress3€352k€1.33M▲
Stocks30/36€352k€1.33M▲
Amounts receivable within one year40/41€87k€831k▲
Trade receivables40€82k€484k▲
Other amounts receivable41€4k€347k▲
Current investments50/53-€1.60M
Cash at bank and in hand54/58€1.36M€547k▼
Deferred charges and accrued income490/1€49k€301k▲
Equity and liabilities
Total equity and liabilities10/49€1.88M€4.65M▲
Equity10/15€601k€1.04M▲
Contributions10/11€6k€6k=
Reserves13€595k€1.03M▲
Distributable reserves133€595k€1.03M▲
Amounts payable17/49€1.28M€3.62M▲
Amounts payable after more than one year17€189k€269k▲
Financial debts170/4€189k€269k▲
Amounts payable within one year42/48€1.04M€3.03M▲
Current portion of amounts payable after more than one year42€104k€368k▲
Trade debts44€606k€1.23M▲
Suppliers440/4€606k€1.23M▲
Taxes, remuneration and social security45€327k€630k▲
Taxes450/3€224k€529k▲
Remuneration and social security454/9€103k€101k▼
Other amounts payable47/48-€797k
Accrued charges and deferred income492/3€51k€322k▲
Income statement
Code20242025
Remuneration, social security and pensions62€481k€748k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€7k▼
Other operating charges640/8€2k€94k▲
Gross operating margin9900€811k€1.59M▲
Operating profit (loss)9901€319k€746k▲
Financial income75/76B€5k€18k▲
Recurring financial income75€5k€18k▲
Financial charges65/66B€111k€173k▲
Recurring financial charges65€111k€173k▲
Profit (loss) for the period before taxes9903€213k€591k▲
Income taxes67/77€59k€156k▲
Profit (loss) for the period9904€153k€435k▲
Profit (loss) for the period to be appropriated9905€153k€435k▲
Appropriation of the result
Profit (loss) to be appropriated9906€153k€435k▲
Transfer to equity691/2€153k€435k▲
To other reserves6921€153k€435k▲
Social balance
Average headcount (FTE)90879.415.3▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €435k ▲183%
Operating result €746k, net result €435k, both a record.
31-12
Financial
Equity above €1MEq €1.04M ▲72.3%
3 profitable years in a row build equity to €1.04M.
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €601k ▲34.3%
2 profitable years in a row build equity to €601k.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €170k
Net result €170k after one loss-making year.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-160k ▼141%
Net result drops to €-160k, the lowest in the series; recovery starts the following year.
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €391k
Net result €391k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.44
Current ratio from 1.21 to 2.44.
Show earlier events
31-12
Financial
Equity above €200kEq €438k ▲831%
Equity rises from €47k to €438k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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 · 4 establishment units since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rijnkaai 1002000 AntwerpenGround area
7,771 m²
Building footprint
1,354 m²
Volume, LiDAR
17,083 m³
4 parcels, Flanders · tallest building 23.3 m, ±7 floors. Linked by address, not a title deed.
4 establishment units
SUSPICIOUS ANTWERP
since 20172.262.800.360
Suspicious Antwerp
since 20242.362.841.014
Suspicious
since 20262.390.249.749
Suspicious
since 20262.390.249.848
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A0026/02_000 | Flanders | 7,386 m² | 1 · 1,002 m² | 14.0 m · 4 fl. |
| 31332E0015/00B000 | Flanders | 201 m² | 1 · 169 m² | 23.3 m · 7 fl. |
| 11804D0733/00C000 | Flanders | 92 m² | 1 · 118 m² | 19.2 m · 5 fl. |
| 44805E0095/00_000 | Flanders | 92 m² | 1 · 64 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2023 to 2024 · 3 entries · 1,583 EUR awarded · 1,583 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 240 EUR | 240 EUR |
| 2023 | 2 | 1,343 EUR | 1,343 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteKnokke-Heist2.390.249.848
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SUPER-C-WATERSCHEI
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BIOGROEI
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Planète Disque
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Of 12,958 companies in sector 47120 we hold annual accounts for 2,190. 868 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
46419Wholesale trade
46423Wholesale of clothing, excluding workwear and underwear
46424Wholesale trade
47519Retail trade
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.