WILL SPARKS
ActiveSummary
WILL SPARKS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €773k and a net result of €123k. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 3307 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 22.86 against 14.03 in 2024; short-term debt: 4.4% and cash: 10.4% of total assets), and 4.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← 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
95.6%
Return on assets
15.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
91 d late
2023
91 d late
2022
70 d late
2021
73 d late
2020
243 d late
2019
594 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€123k▼ 31.3%
2024 · €178k
2018: €82k
2019: €70k▼ -15.2% vs 2018
2020: €89k▲ +27.5% vs 2019
2021: €61k▼ -30.6% vs 2020lowest in 8 years
2022: €67k▲ +8.8% vs 2021
2023: €175k▲ +162% vs 2022
2024: €178k▲ +1.9% vs 2023highest in 8 years
2025: €123k▼ -31.3% vs 2024
2018 → 2025
Working capital
€772k▼ 11.0%
2024 · €867k
2018: €363klowest in 8 years
2019: €433k▲ +19.2% vs 2018
2020: €507k▲ +17.2% vs 2019
2021: €575k▲ +13.6% vs 2020
2022: €648k▲ +12.6% vs 2021
2023: €830k▲ +28.2% vs 2022
2024: €867k▲ +4.4% vs 2023highest in 8 years
2025: €772k▼ -11.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€582k-€649k▲ 11.5%€824k▲ 27.0%€868k▲ 5.2%€773k▼ 10.9%
2021: €582klowest in 5 years
2022: €649k▲ +11.5% vs 2021
2023: €824k▲ +27.0% vs 2022
2024: €868k▲ +5.2% vs 2023highest in 5 years
2025: €773k▼ -10.9% vs 2024
Operating result€131k-€95k▼ 27.3%€249k▲ 160%€248k▼ 0.2%€168k▼ 32.2%
2021: €131k
2022: €95k▼ -27.3% vs 2021lowest in 5 years
2023: €249k▲ +160% vs 2022highest in 5 years
2024: €248k▼ -0.2% vs 2023
2025: €168k▼ -32.2% vs 2024
Net result€61k-€67k▲ 8.8%€175k▲ 162%€178k▲ 1.9%€123k▼ 31.3%
2021: €61klowest in 5 years
2022: €67k▲ +8.8% vs 2021
2023: €175k▲ +162% vs 2022
2024: €178k▲ +1.9% vs 2023highest in 5 years
2025: €123k▼ -31.3% vs 2024
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €808k
Fixed assets
€1k ▲ 60.8%
Current assets
€807k ▼ 13.5%
Equity and liabilities €808k
Equity
€773k ▼ 10.9%
Debt
€35k ▼ 46.9%
Debt's share of the balance-sheet total falls from 7.1% to 4.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€169k▼
2024 · €249k
Cash flow
€123k▼
2024 · €179k
Current ratio
22.86▲
2024 · 14.03
Debt to equity
0.05▼
2024 · 0.08
ROE
15.8%▼
2024 · 20.5%
ROA
15.2%▼
2024 · 19.1%
Interest coverage
400.56▼
2024 · 1601.45
Debt ≤ 1 year
€35k▼
2024 · €67k
Income taxes
€51k▼
2024 · €74k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€934k€808k▼
Fixed assets21/28€705€1k▲
Tangible fixed assets22/27€705€1k▲
Furniture and vehicles24€705€1k▲
Current assets29/58€933k€807k▼
Amounts receivable after more than one year29€90k-
Other amounts receivable291€90k-
Amounts receivable within one year40/41€173k€227k▲
Trade receivables40€10k-
Other amounts receivable41€163k€227k▲
Current investments50/53€453k€496k▲
Cash at bank and in hand54/58€206k€84k▼
Deferred charges and accrued income490/1€12k€268▼
Equity and liabilities
Total equity and liabilities10/49€934k€808k▼
Equity10/15€868k€773k▼
Contributions10/11€12k€12k=
Reserves13€714k€617k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€713k€616k▼
Profit (loss) carried forward14€141k€143k▲
Amounts payable17/49€67k€35k▼
Amounts payable within one year42/48€67k€35k▼
Trade debts44€8k€4k▼
Suppliers440/4€8k€4k▼
Taxes, remuneration and social security45€58k€31k▼
Taxes450/3€58k€31k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€650€414▼
Other operating charges640/8€421€694▲
Gross operating margin9900€249k€169k▼
Operating profit (loss)9901€248k€168k▼
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€155€421▲
Recurring financial charges65€155€421▲
Profit (loss) for the period before taxes9903€252k€173k▼
Income taxes67/77€74k€51k▼
Profit (loss) for the period9904€178k€123k▼
Profit (loss) for the period to be appropriated9905€178k€123k▼
Appropriation of the result
Profit (loss) to be appropriated9906€319k€263k▼
Profit (loss) brought forward from the previous period14P€141k€141k▲
Transfer from equity791/2€135k€217k▲
Transfer to equity691/2€178k€120k▼
To other reserves6921€178k€120k▼
Profit to be distributed694/7€135k€217k▲
Return on contributions (dividend)694€135k€217k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €1k | €650 | €414 | ▼ 36.3% |
| Other operating charges640/8 | €718 | €3k | €838 | €421 | €694 | ▲ 64.9% |
| Gross operating margin9900 | €139k | €106k | €251k | €249k | €169k | ▼ 32.1% |
| Operating profit (loss)9901 | €131k | €95k | €249k | €248k | €168k | ▼ 32.2% |
| Financial income75/76B | €10k | €11k | €6k | €4k | €5k | ▲ 19.6% |
| Recurring financial income75 | €10k | €11k | €6k | €4k | €5k | ▲ 19.6% |
| Financial charges65/66B | €708 | €2k | €3k | €155 | €421 | ▲ 171% |
| Recurring financial charges65 | €708 | €2k | €3k | €155 | €421 | ▲ 171% |
| Profit (loss) for the period before taxes9903 | €140k | €105k | €252k | €252k | €173k | ▼ 31.5% |
| Income taxes67/77 | €79k | €38k | €77k | €74k | €51k | ▼ 31.9% |
| Profit (loss) for the period9904 | €61k | €67k | €175k | €178k | €123k | ▼ 31.3% |
| Profit (loss) for the period to be appropriated9905 | €61k | €67k | €175k | €178k | €123k | ▼ 31.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €660k | €723k | €897k | €934k | €808k | ▼ 13.5% |
| Fixed assets21/28 | €8k | €2k | €1k | €705 | €1k | ▲ 60.8% |
| Tangible fixed assets22/27 | €8k | €2k | €1k | €705 | €1k | ▲ 60.8% |
| Furniture and vehicles24 | €8k | €2k | €1k | €705 | €1k | ▲ 60.8% |
| Current assets29/58 | €652k | €722k | €895k | €933k | €807k | ▼ 13.5% |
| Amounts receivable after more than one year29 | €218k | €218k | €90k | €90k | - | - |
| Other amounts receivable291 | €218k | €218k | €90k | €90k | - | - |
| Amounts receivable within one year40/41 | €5k | €32k | €252k | €173k | €227k | ▲ 31.4% |
| Trade receivables40 | €2k | €9k | €9k | €10k | - | - |
| Other amounts receivable41 | €4k | €23k | €242k | €163k | €227k | ▲ 39.5% |
| Current investments50/53 | €323k | €366k | €409k | €453k | €496k | ▲ 9.6% |
| Cash at bank and in hand54/58 | €68k | €59k | €135k | €206k | €84k | ▼ 59.3% |
| Deferred charges and accrued income490/1 | €38k | €46k | €9k | €12k | €268 | ▼ 97.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €660k | €723k | €897k | €934k | €808k | ▼ 13.5% |
| Equity10/15 | €582k | €649k | €824k | €868k | €773k | ▼ 10.9% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €434k | €499k | €671k | €714k | €617k | ▼ 13.6% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €432k | €497k | €670k | €713k | €616k | ▼ 13.6% |
| Profit (loss) carried forward14 | €136k | €138k | €141k | €141k | €143k | ▲ 1.8% |
| Amounts payable17/49 | €77k | €74k | €72k | €67k | €35k | ▼ 46.9% |
| Amounts payable within one year42/48 | €77k | €74k | €65k | €67k | €35k | ▼ 46.9% |
| Trade debts44 | €4k | €4k | €3k | €8k | €4k | ▼ 47.1% |
| Suppliers440/4 | €4k | €4k | €3k | €8k | €4k | ▼ 47.1% |
| Taxes, remuneration and social security45 | €73k | €70k | €62k | €58k | €31k | ▼ 46.9% |
| Taxes450/3 | €73k | €70k | €62k | €58k | €31k | ▼ 46.9% |
| Accrued charges and deferred income492/3 | €656 | - | €7k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61k | €67k | €175k | €178k | €123k | ▼ 31.3% |
| + Depreciation and write-downs630 | €7k | €7k | €1k | €650 | €414 | ▼ 36.3% |
| Operating cash flow (approximation) | €68k | €74k | €176k | €179k | €123k | ▼ 31.3% |
| Investment in fixed assets (approximation) | - | €-878 | €-1k | €0 | €-843 | - |
| Change in cash | - | €-9k | €77k | €71k | €-122k | ▼ 273% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 91 days late
2024
31-12
Financial
Highest result since 2018net €178k ▲1.9%
Net result €178k, the highest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 91 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 70 days late
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 73 days late
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 243 days late
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 594 days late
2021
31-12
Financial
Weakest financial yearnet €61k ▼30.6%
Net result drops to €61k, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 884 days late
2020
31-12
Financial
Equity above €500kEq €521k ▲20.5%
3 profitable years in a row build equity to €521k.
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 269 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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 2010
Ground area
278 m²
Building footprint
120 m²
Volume, LiDAR
2,074 m³
Parcel 21009A0350/00X009, Brussels · tallest building 21.6 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Will Sparks
since 20102.189.914.263
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0350/00X009 | Brussels | 278 m² | 1 · 120 m² | 21.6 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,056 companies in sector 69101 we hold annual accounts for 9,055. 4,896 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded16-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.