THE SPARKS
ActiveThe computed 12-month bankruptcy probability of THE SPARKS is 2.4% (moderate). The 2025 annual accounts show equity of €2k and a net result of €70k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 7027 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency26▼-74
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
0.7%
Return on assets
33.5%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7027 sector peers (2025).
NBB · sector comparisonPosition among 7027 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-05-2026, 27 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 · 4 filingsDeviation from the deadline
2025
27 d late
2024
16 d late
2023
31 d late
2022
30 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▼ 98.8%
2024 · €130k
2022: €44k
2023: €64k
2024: €130k
2022 → 2025
Total assets
€209k▲ 43.9%
2024 · €145k
2022: €68k
2023: €78k
2024: €145k
2022 → 2025
Net result
€70k▲ 6.3%
2024 · €66k
2022: €42k
2023: €20k
2024: €66k
2022 → 2025
Working capital
€968▼ 99.2%
2024 · €129k
2022: €43k
2023: €62k
2024: €129k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€44k-€64k▲ 46.4%€130k▲ 103%€2k▼ 98.8%
Operating result€53k-€26k▼ 51.1%€83k▲ 218%€88k▲ 6.3%
Net result€42k-€20k▼ 51.9%€66k▲ 224%€70k▲ 6.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €209k
Fixed assets
€532▼ 54.2%
Current assets
€209k▲ 44.7%
Equity and liabilities €209k
Equity
€2k▼ 98.8%
Debt
€208k▲ 1,257%
The debt ratio rises from 10.5% to 99.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€88k▲
2024 · €83k
Cash flow
€71k▲
2024 · €67k
Solvency
0.7%▼
2024 · 89.5%
Current ratio
1.00▼
2024 · 9.42
Quick ratio
1.00▼
2024 · 9.42
ROA
33.5%▼
2024 · 45.3%
Interest coverage
999.30▼
2024 · 1185.51
Debt
€208k▲
2024 · €15k
Debt ≤ 1 year
€208k▲
2024 · €15k
Income taxes
€18k▲
2024 · €17k
A ratio outside any meaningful range has been withheld (balance sheet total €209k, equity €2k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€145k€209k▲
Fixed assets21/28€1k€532▼
Tangible fixed assets22/27€1k€532▼
Furniture and vehicles24€1k€532▼
Current assets29/58€144k€209k▲
Amounts receivable within one year40/41€9k€130k▲
Trade receivables40€9k€13k▲
Other amounts receivable41€149€117k▲
Cash at bank and in hand54/58€135k€79k▼
Deferred charges and accrued income490/1€180€194▲
Equity and liabilities
Total equity and liabilities10/49€145k€209k▲
Equity10/15€130k€2k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€129k-
Amounts payable17/49€15k€208k▲
Amounts payable within one year42/48€15k€208k▲
Trade debts44€245€1k▲
Suppliers440/4€245€1k▲
Taxes, remuneration and social security45€12k€8k▼
Taxes450/3€12k€8k▼
Other amounts payable47/48€3k€199k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€631€631=
Gross operating margin9900€83k€88k▲
Operating profit (loss)9901€83k€88k▲
Financial charges65/66B€70€89▲
Recurring financial charges65€70€89▲
Profit (loss) for the period before taxes9903€83k€88k▲
Income taxes67/77€17k€18k▲
Profit (loss) for the period9904€66k€70k▲
Profit (loss) for the period to be appropriated9905€66k€70k▲
Appropriation of the result
Profit (loss) to be appropriated9906€129k€199k▲
Profit (loss) brought forward from the previous period14P€63k€129k▲
Profit to be distributed694/7-€199k
Return on contributions (dividend)694-€199k
The notes to these accounts (4 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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-09
Financial
Highest result since 2022net €70k ▲6.3%
Operating result €88k, net result €70k, both a record.
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 16 days late
2024
30-09
Financial
Equity above €100kEq €130k ▲103%
3 profitable years in a row build equity to €130k.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
30-09
Financial
Weakest financial yearnet €20k ▼51.9%
Net result drops to €20k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity doublescurrent ratio 5.64
Current ratio from 2.80 to 5.64; short-term debt falls from €24k to €13k.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Elsene · 1 establishment unit since 2022
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.
Raadstraat 411050 ElseneGround area
385 m²
Building footprint
200 m²
Volume, LiDAR
2,615 m³
2 parcels, Brussels · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Raadstraat 14, 1050 Elsene
since 20222.337.864.603
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0962/00Z016 | Brussels | 226 m² | 1 · 109 m² | 15.9 m · 4 fl. |
| 21009A0961/00Y007 | Brussels | 159 m² | 1 · 91 m² | 18.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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GOBLIN
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Of 13,422 companies in sector 73300 we hold annual accounts for 6,901. 1,119 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-09-2022
Fiscal year end30-09
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
78100Employment placement agencies
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.