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Generated 14-08-2026
Active BE 0790.564.945Private limited company

THE SPARKS

Raadstraat 41 ·1050 Elsene, Belgium· 3 yrs active
Sector: Activiteiten van adviesbureaus op het gebied van public relations en communicatie (73300)
Conclusion Checked

The 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 9% of 845 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €2k
Net result €70k
Better than sector 9%
Active 3 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health73Profitability100Solvency12Growth58Stability94
67 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 73
Profitability 100
Solvency 12
Growth 58
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
2.4% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate region +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2025 · computed
73 / 100 Healthy
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview4 NBB filings
Annual accounts filed on 27-05-2026 with the NBB · fiscal year 2025 · micro
€0€25k€50k€75k€100kOperating result 2022: €53k€53kNet result 2022: €42k€42kOperating result 2023: €26k€26kNet result 2023: €20k€20kOperating result 2024: €83k€83kNet result 2024: €66k€66kOperating result 2025: €88k€88kNet result 2025: €70k€70k2022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile Too volatile to project: the yearly deviation from the trend is ~37% of the level (threshold 35%). We therefore deliberately show no projection line.
€0€50k€100k€150k2022: €44k2023: €64k2024: €130k2025: €2k2022202320242025
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 73, Advertising & market research · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 0.7% 56.0%
better than 9% of 845 sector peers
Net result €70k €28k
better than 79% of 845 sector peers
Equity €2k €52k
better than 9% of 845 sector peers
Gross operating margin €88k €50k
better than 72% of 845 sector peers
Total assets €209k €121k
better than 72% of 847 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€88k
+6.3% 22-25
Net profit
€70k
+6.3% 22-25
Cash flow
€71k
+6.2% 22-25
Total assets
€209k
+43.9% 22-25
Equity
€2k
-98.8% 22-25
Working capital
€968
-99.2% 22-25
Income taxes
€18k
+6.4% 22-25
Dividends
€199k
- 22-25
Debt
€208k
+1256.9% 22-25
Debt ≤ 1y
€208k
+1256.9% 22-25
Current ratio
1.00
-89.3% 22-25
Quick ratio
1.00
-89.3% 22-25
Solvency
0.7%
-99.2% 22-25
Debt / equity
138.55
+117657.5% 22-25
ROE
4671.9%
+9123.4% 22-25
ROA
33.5%
-26.1% 22-25
Interest coverage
999.30
-15.7% 22-25
Figures by fiscal year
Fiscal year2025
Depositmicro
Revenue-
EBITDA€88k
Net profit€70k
Cash flow€71k
Staff costs-
Income taxes€18k
Dividends€199k
Total assets€209k
Equity€2k
Debt€208k
of which ≤ 1y€208k
of which > 1y-
Working capital€968
Employees (FTE)-
Ratios (computed)
2025
Current ratio1.00
Quick ratio1.00
Working capital ratio0.5%
Solvency0.7%
Debt / equity138.55
Long-term debt ratio-
Interest coverage999.30
Gross margin-
Net margin-
ROA33.5%
ROE4671.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€209k
Fixed assets 21/28€532
Tangible fixed assets 22/27€532
Current assets 29/58€209k
Amounts receivable within one year 40/41€130k
Cash & bank 54/58€79k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€209k
Equity 10/15€2k
Contributions / capital 10/11€2k
Amounts payable 17/49€208k
Amounts payable within one year 42/48€208k
Trade debts payable within one year 44€1k
Income statement
Gross operating margin 9900€88k
Operating result 9901€88k
Financial charges 65€89
Result before taxes 9903€88k
Income taxes 67/77€18k
Net result for the period 9904€70k
Result to be appropriated 9905€70k
You are seeing the latest fiscal year only. 3 prior years (figures + ratios) are in a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Activiteiten van adviesbureaus op het gebied van public relations en communicatie(73300)
Legal form Private limited company(610)
Incorporation07-09-2022
StatusActive
Postal code1050
Establishment units 1 location
Raadstraat 14, 1050 Elsene
Adviesbureaus op het gebied van public relations en communicatie
since 20222.337.864.603
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

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.
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.
Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
27-05-2026
NBB filing Annual accounts filed
fiscal year 2025 · micro
2025
24-10-2025
State Gazette act Registered-office change
v3.2
16-05-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
31-05-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
30-05-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
09-09-2022
State Gazette act Incorporation
oprichting
Belgisch Staatsblad, acts 2 acts
Address history · 1
24-10-2025
v3.2
All acts · 2 updated 9 months ago
2025
24-10-2025 Registered office moved within Ixelles Registered-office change
  • Rue Washington 165, 1050 Ixelles → Rue du Conseil 41, 1050 Ixelles
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "statutaire",
      "new_address": {
        "city": "Ixelles",
        "region": "Brussels",
        "street": "Rue du Conseil",
        "country": "BE",
        "postcode": "1050",
        "box_number": null,
        "street_number": "41"
      },
      "old_address": {
        "city": "Ixelles",
        "region": "Brussels",
        "street": "Rue Washington",
        "country": "BE",
        "postcode": "1050",
        "box_number": null,
        "street_number": "165"
      },
      "effective_date": "2025-09-01",
      "evidence_quote": "D\u0027accepter de transf\u00E9rer le si\u00E8ge de la soci\u00E9t\u00E8 \u00E0 1050 Ixelles, rue du Conseil 41 et ce avec effet au septembre 2025."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0790.564.945",
    "name_full": "THE SPARKS",
    "legal_form": "SRL"
  }
}
2022
09-09-2022 Incorporation of a new SRL Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "1050 Ixelles, Rue Washington 165",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1984-03-13",
        "name": "Bonneton C\u00E9cile",
        "niss": null,
        "address": "1000 Bruxelles, rue de Laeken 63"
      },
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 1500,
      "holder_person_name": "Bonneton C\u00E9cile",
      "is_subscriber_only": false,
      "n_shares_subscribed": 100000,
      "amount_subscribed_eur": 1500,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 1500,
  "subject_company": {
    "kbo": "0790.564.945",
    "name_full": "THE SPARKS",
    "legal_form": "SRL"
  },
  "initial_directors": [],
  "incorporation_date": "2022-09-06",
  "post_incorporation_mandates": []
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Adviesbureaus op het gebied van public relations en communicatie70210Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Arbeidsbemiddeling78100Arbeidsbemiddeling78100Organisatie van congressen en beurzen82300Organisatie van congressen en beurzen82300
Primary activity highlighted.
Names & trade names
Legal nameFR THE SPARKS
Registered office
Raadstraat 41
1050 Elsene, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative