GIIC SPHERE
ActiveSummary
GIIC SPHERE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98k and a net result of €11k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 23% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+5
Solvency42▲+3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.15 against 0.13 in 2024; short-term debt: 25.5% and cash: 0.7% of total assets), and 83% of the assets are financed with debt.
Credit advice 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
17%
Return on assets
1.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 8001 sector peers (2025).
NBB · sector comparisonPosition among 8001 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
25 d late
2023
30 d early
2022
22 d late
2021
24 d late
2020
2 d late
2019
38 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€98k▲ 12.3%
2024 · €87k
2018: €116k
2019: €125k
2020: €140k
2021: €127k
2022: €123k
2023: €103k
2024: €87k
2018 → 2025
Total assets
€574k▼ 8.6%
2024 · €628k
2018: €321k
2019: €342k
2020: €588k
2021: €684k
2022: €644k
2023: €693k
2024: €628k
2018 → 2025
Net result
€11k
2024 · €-16k
2018: €15k
2019: €9k
2020: €14k
2021: €-13k
2022: €-4k
2023: €-20k
2024: €-16k
2018 → 2025
Working capital
€-124k▲ 22.7%
2024 · €-161k
2018: €8k
2019: €2k
2020: €-47k
2021: €-49k
2022: €-76k
2023: €-174k
2024: €-161k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€127k-€123k▼ 3.4%€103k▼ 16.3%€87k▼ 15.3%€98k▲ 12.3%
Operating result€-261-€5k€-5k€20k€44k▲ 116%
Net result€-13k-€-4k▲ 66.8%€-20k▼ 366%€-16k▲ 21.7%€11k
Turnover and EBIT margin not published: the abbreviated or 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 116% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €574k
Fixed assets
€552k ▼ 8.3%
Current assets
€22k ▼ 13.6%
Equity and liabilities €574k
Equity
€98k ▲ 12.3%
Debt
€476k ▼ 11.9%
Debt's share of the balance-sheet total falls from 86.2% to 83.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€94k▲
2024 · €73k
Cash flow
€61k▲
2024 · €37k
Current ratio
0.15▲
2024 · 0.13
Debt to equity
4.88▼
2024 · 6.22
ROE
11.0%▲
2024 · -18.0%
ROA
1.9%▲
2024 · -2.5%
Interest coverage
11.37▲
2024 · 8.65
Debt ≤ 1 year
€146k▼
2024 · €186k
Debt > 1 year
€330k▼
2024 · €355k
Income taxes
€25k▼
2024 · €28k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€628k€574k▼
Fixed assets21/28€603k€552k▼
Tangible fixed assets22/27€602k€552k▼
Land and buildings22€564k€519k▼
Plant, machinery and equipment23€38k€33k▼
Furniture and vehicles24€0-
Financial fixed assets28€350€350=
Current assets29/58€25k€22k▼
Amounts receivable within one year40/41€15k€14k▼
Trade receivables40€13k€14k▲
Other amounts receivable41€2k-
Cash at bank and in hand54/58€8k€4k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€628k€574k▼
Equity10/15€87k€98k▲
Contributions10/11€12k€12k=
Capital10€12k€12k=
Issued capital100€19k€19k=
Uncalled capital101€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€73k€83k▲
Amounts payable17/49€541k€476k▼
Amounts payable after more than one year17€355k€330k▼
Financial debts170/4€355k€330k▼
Amounts payable within one year42/48€186k€146k▼
Current portion of amounts payable after more than one year42€24k€24k▲
Trade debts44€2k€10k▲
Suppliers440/4€2k€10k▲
Taxes, remuneration and social security45€87k€70k▼
Taxes450/3€87k€70k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€72k€41k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€50k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€76k€97k▲
Operating profit (loss)9901€20k€44k▲
Financial income75/76B€18-
Recurring financial income75€18-
Financial charges65/66B€8k€8k▼
Recurring financial charges65€8k€8k▼
Profit (loss) for the period before taxes9903€12k€36k▲
Income taxes67/77€28k€25k▼
Profit (loss) for the period9904€-16k€11k▲
Profit (loss) for the period to be appropriated9905€-16k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€73k€83k▲
Profit (loss) brought forward from the previous period14P€88k€73k▼
The notes to these accounts (5 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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
31-12
Financial
Back to profitnet €11k
Net result €11k after 4 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 64 days late
2017
01-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Bever · 1 establishment unit since 2008
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.
Puydt 281547 BeverGround area
5,372 m²
Building footprint
247 m²
Volume, LiDAR
1,154 m³
Parcel 23009B0670/00B000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Puydt 28, 1547 Bever
since 20082.171.395.181
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23009B0670/00B000 | Flanders | 5,372 m² | 1 · 247 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MC PRO SOLUTIONS
BE 0760.297.480
Charleroi · Eq €97,746
WH-SYSTEMS
BE 0843.654.629
Zandhoven · Eq €98,054
SPEECH PROCESSING SOLUTIONS BELGIUM
BE 0845.893.250
Anderlecht · Eq €97,038
RCO
BE 0411.571.592
Namur · Eq €96,405
MAVABE
BE 0887.235.244
Brecht · Eq €96,228
Of 2,122 companies in sector 46500 we hold annual accounts for 1,403. 1,015 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.