DE SPIEGELEER S · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of DE SPIEGELEER S is 2.7% (moderate). The 2024 annual accounts show equity of €937k and a net result of €149k. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Signals

1 signal · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 29 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	08-07-2025	23 d early	2025-00251790
31-12-2023	31-07-2024	25-06-2024	36 d early	2024-00161029
31-12-2022	31-07-2023	31-08-2023	31 d late	2023-00412840

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, 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 Flags

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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.7% Moderate

0%0,5%1,5%4%10%≥25%

Young company +No NACE activity registered +Annual accounts: healthy financial profile −

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

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€149k+393.8%

Working capital€922k+20.5%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 08-07-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

EBITDA

€227k

+366.0% 23-24

Net profit

€149k

+393.8% 23-24

Cash flow

€157k

+305.1% 23-24

Total assets

€1.03M

+10.1% 23-24

Equity

€937k

+18.8% 23-24

Working capital

€922k

+20.5% 23-24

Staff costs

€0

-100.0% 23-24

Income taxes

€76k

+423.7% 23-24

Show 9 other metrics

Debt

€89k

-37.8% 23-24

Debt ≤ 1y

€89k

-37.8% 23-24

Current ratio

11.32

+78.9% 23-24

Quick ratio

11.32

+78.9% 23-24

Solvency

91.3%

+7.9% 23-24

Debt / equity

0.10

-47.6% 23-24

ROE

15.9%

+315.5% 23-24

ROA

14.5%

+348.4% 23-24

Interest coverage

1090.83

+770.1% 23-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€227k
Net profit	€149k
Cash flow	€157k
Staff costs	€0
Income taxes	€76k
Dividends	-
Total assets	€1.03M
Equity	€937k
Debt	€89k
of which ≤ 1y	€89k
of which > 1y	-
Working capital	€922k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	11.32
Quick ratio	11.32
Working capital ratio	89.8%
Solvency	91.3%
Debt / equity	0.10
Long-term debt ratio	-
Interest coverage	1090.83
Gross margin	-
Net margin	-
ROA	14.5%
ROE	15.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €15k · 1.5% Current assets €1.01M · 98.5%

Equity & liabilities

Equity €937k · 91.3% Debt €89k · 8.7%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.03M
Fixed assets	21/28	€15k
Tangible fixed assets	22/27	€15k
Current assets	29/58	€1.01M
Amounts receivable within one year	40/41	€871k
Cash & bank	54/58	€6k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.03M
Equity	10/15	€937k
Contributions / capital	10/11	€7k
Reserves	13	€930k
Amounts payable	17/49	€89k
Amounts payable within one year	42/48	€89k
Trade debts payable within one year	44	€11k
Income statement
Gross operating margin	9900	€227k
Operating result	9901	€219k
Financial income	75	€7k
Financial charges	65	€208
Result before taxes	9903	€225k
Income taxes	67/77	€76k
Net result for the period	9904	€149k
Result to be appropriated	9905	€149k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

100 / 100 Excellent

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 2024. Indicative, not credit advice.

Structure & network

Connections & network

1 connected company

Group structure

Laboratoire Olivier

We sit on their board · 6 locations

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

1 party

DE SPIEGELEER SBE 0779.484.278

controls

Where this company holds controlthis company sits on their board1

Laboratoire Olivier

6 locations

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

2 companies at this address See who is registered here

Establishment units

1 location

DS bv

Rue de la Briqueterie 1, 4210 BurdinneManagementsactiviteiten van holdings : tussenkomen in het dagelijks bestuur, vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal, enz.

since 20212.327.295.858

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area4,623 m²

Buildings2

Building footprint308 m²

Volume (LiDAR)2,320 m³

Tallest building9.8 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
61047A0046/00D000	Wallonia	3,348 m²	1 · 201 m²	9.8 m · 3 fl.
61047B0374/00A000	Wallonia	1,275 m²	1 · 107 m²	9.0 m · 2 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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 act

Address history · 1

22-09-2022

Registered-office move

All acts · 1 updated 3 years ago

2022

22-09-2022 Registered office moved within Burdinne Registered-office change·Benoît CARTUYVELS

Thier Plumier(OTP) 8 : 4210 Burdinne → 4210 Burdinne, rue de la Briqueterie, 1.

Notary: Benoît CARTUYVELS · Braives

Original publication ↗

Analysis

Financial profile

5 of 5 axes measured

90 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 79

Solvency 100

Growth 78

Stability 94

Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameFR

DE SPIEGELEER S

Registered office

Rue de la Briqueterie 1

4210 Burdinne, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.