Skip to content

VICTOR SPAAK

Active
Public limited companyfounded 2017active for 9 yearsEdmond Van Nieuwenhuyselaan 30, 1160 Oudergem, Belgium60 active companies are registered at this addressKBO/BCE: BE 0668.967.527

From the official registers: KBO 9 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of VICTOR SPAAK is 2.3% (moderate). The 2025 annual accounts show equity of €528,217 and a net result of -€352,050. Equity is shrinking by about 28% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 13% of 1,028 sector peers (NACE 41, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
VICTOR SPAAKActiveChecked score 50/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 11-01-2017 Normal situation
Legal form
Public limited company
Registered office
Edmond Van Nieuwenhuyselaan 30, 1160 Oudergem
Activity
General construction of office buildings NACE 41002and 1 other
Financial year end
31 December
Peppol
Reachable since 02-05-2025
Company details

Who decides

Board
Auditor
EY Réviseurs d'Entreprises SRL
Shareholders
and 1 other shareholder
Board & ownership

How it is doing

50 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.3%
Annual accounts 2025
Gross margin
-€8,958
▼ 1.7%
Loss
€352,050
▼ 23.9%
Equity
€528,217
▼ 40.0%
Total assets
€9.9m
=
2025 accounts 58 days early
Filed on 03-06-2026PDF
Financials
Why 50raises riskLiquidity: current ratio 1.06, cash €5,056Sector: Construction of residential and non-residential buildings (NACE 41)No registered site in the KBOlowers riskSize: total assets €9.9mShow the evidence

Checked score

Score 2025
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 10% of its sector peers (NACE 41, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 30-4
equity 5.3% of total assets
Liquidity 0=
short-term debt 94.7% · cash 0.1%
Profitability 29+3
return on assets -3.6%
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (911 companies, NACE 41, small)
Last 24 months 11-2024: 3.8% 12-2024: 3.8%● unchanged vs 11-2024 01-2025: 3.8%● unchanged vs 12-2024 02-2025: 3.8%● unchanged vs 01-2025 03-2025: 3.2%▼ -0.6 percentage points vs 02-2025 04-2025: 3.4%▲ +0.2 percentage points vs 03-2025 05-2025: 3.9%▲ +0.5 percentage points vs 04-2025highest value 06-2025: 3.7%▼ -0.2 percentage points vs 05-2025 07-2025: 3.7%● unchanged vs 06-2025 08-2025: 3.7%● unchanged vs 07-2025 09-2025: 3.7%● unchanged vs 08-2025 10-2025: 3.7%● unchanged vs 09-2025 11-2025: 3.7%● unchanged vs 10-2025 12-2025: 3.7%● unchanged vs 11-2025 01-2026: 3.7%● unchanged vs 12-2025 02-2026: 2.5%▼ -1.2 percentage points vs 01-2026 03-2026: 2.6%▲ +0.1 percentage points vs 02-2026 04-2026: 2.6%● unchanged vs 03-2026 05-2026: 2.6%● unchanged vs 04-2026 06-2026: 2.7%▲ +0.1 percentage points vs 05-2026 07-2026: 2.3%▼ -0.4 percentage points vs 06-2026lowest value 08-2026: 2.3%● unchanged vs 07-2026lowest value 09-2026: 2.3%● unchanged vs 08-2026lowest value 10-2026: 2.3%● unchanged vs 09-2026lowest value
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.06, compared with 1.1 in 2024, below the usual 1.5; short-term debt: 94.7% and cash: 0.1% of total assets), and 94.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 41, small): better than 13% on solvency, 1% on liquidity, 17% on profitability and 8% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.06, cash €5,056
NBB · annual accounts
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · No registered site in the KBO
KBO · seat and establishments
lowers risk · Size: total assets €9.9m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
2022232425
2020 to 2025 · latest year -€352,050
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 1028 sector peers (2025).
NBB · sector comparison
Position among 1028 sector peers
Solvency
better than 13%
← weakest strongest →
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 03-06-2026, 58 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
58 days early
2024
85 days early
2023
93 days early
2022
97 days early
2021
62 days early
2020
95 days early
2019
36 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 75 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% 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 7 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage

Key points

  • Risk: 5 loss-making years in a rowloss financial year 2025 -€352,050 View
  • Caution: Among the weakest 7% on net resultsector median €32,165 · 1,030 companies -€352,050 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Caution: Equity fell in 2025from €880,266 to €528,217 ▼ 40.0% View
  • Board changedlatest change 04-08-2026 · 4 in office 1 joined · 1 left View

Documents

Annual accounts at the NBB

All 9 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about VICTOR SPAAK

What is the company number of VICTOR SPAAK?
0668.967.527. In Belgium the VAT number is the company number with BE in front: BE 0668.967.527.
Where is VICTOR SPAAK based?
The registered office is at Edmond Van Nieuwenhuyselaan 30, 1160 Oudergem.Company details
What does VICTOR SPAAK do?
According to the KBO register, the main activity is general construction of office buildings (NACE 41002).
What is the legal form of VICTOR SPAAK?
Public limited company (NV).
When was VICTOR SPAAK founded?
On 11-01-2017.
Is VICTOR SPAAK still active?
Yes, VICTOR SPAAK is an active enterprise in the KBO register.
What is the turnover of VICTOR SPAAK?
The annual accounts for financial year 2025 state no turnover.Financials
Is VICTOR SPAAK profitable?
In financial year 2025, VICTOR SPAAK made a loss of €352,050.
Where can I find the annual accounts of VICTOR SPAAK?
VICTOR SPAAK filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of VICTOR SPAAK due?
By 31-07-2027, for financial year 2026.Timeline

Companies related to VICTOR SPAAK

Go further with this company

How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure