SpaCenter
ActiveSummary
SpaCenter has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-11k) and a net result of €-17k. Equity is shrinking by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 11% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability13▲+13
Solvency19▼-10
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.94 against 1.04 in 2024; short-term debt: 106.4% and cash: 64.4% of total assets), and equity is negative.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-6.4%
Return on assets
-10%
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-11k
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
46 d late
2023
22 d late
2022
31 d late
2021
30 d late
2020
40 d late
2019
35 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
Equity
€-11k
2024 · €6k
2018: €68k
2019: €63k▼ -7.3% vs 2018
2020: €66k▲ +3.9% vs 2019
2021: €81k▲ +23.1% vs 2020
2022: €86k▲ +5.7% vs 2021highest in 8 years
2023: €51k▼ -40.0% vs 2022
2024: €6k▼ -88.4% vs 2023
2025: €-11k▼ -284% vs 2024lowest in 8 years
2018 → 2025
Total assets
€169k▲ 20.9%
2024 · €140k
2018: €118klowest in 8 years
2019: €178k▲ +51.1% vs 2018
2020: €196k▲ +10.0% vs 2019
2021: €273k▲ +39.4% vs 2020highest in 8 years
2022: €241k▼ -11.7% vs 2021
2023: €176k▼ -27.1% vs 2022
2024: €140k▼ -20.5% vs 2023
2025: €169k▲ +20.9% vs 2024
2018 → 2025
Net result
€-17k▲ 62.9%
2024 · €-45k
2018: €1k
2019: €-5k▼ -572% vs 2018
2020: €2k▲ +149% vs 2019
2021: €15k▲ +519% vs 2020highest in 8 years
2022: €5k▼ -69.6% vs 2021
2023: €-34k▼ -841% vs 2022
2024: €-45k▼ -32.5% vs 2023lowest in 8 years
2025: €-17k▲ +62.9% vs 2024
2018 → 2025
Working capital
€-11k
2024 · €6k
2018: €59k
2019: €57k▼ -3.5% vs 2018
2020: €62k▲ +8.4% vs 2019
2021: €79k▲ +27.8% vs 2020
2022: €86k▲ +8.4% vs 2021highest in 8 years
2023: €51k▼ -40.0% vs 2022
2024: €6k▼ -88.4% vs 2023
2025: €-11k▼ -284% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€81k-€86k▲ 5.7%€51k▼ 40.0%€6k▼ 88.4%€-11k
2021: €81k
2022: €86k▲ +5.7% vs 2021highest in 5 years
2023: €51k▼ -40.0% vs 2022
2024: €6k▼ -88.4% vs 2023
2025: €-11k▼ -284% vs 2024lowest in 5 years
Operating result€21k-€8k▼ 61.9%€-33k€-41k▼ 23.4%€-16k▲ 61.1%
2021: €21khighest in 5 years
2022: €8k▼ -61.9% vs 2021
2023: €-33k▼ -503% vs 2022
2024: €-41k▼ -23.4% vs 2023lowest in 5 years
2025: €-16k▲ +61.1% vs 2024
Net result€15k-€5k▼ 69.6%€-34k€-45k▼ 32.5%€-17k▲ 62.9%
2021: €15khighest in 5 years
2022: €5k▼ -69.6% vs 2021
2023: €-34k▼ -841% vs 2022
2024: €-45k▼ -32.5% vs 2023lowest in 5 years
2025: €-17k▲ +62.9% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2025 against €41k in 2024; the loss shrinks.
Key figures and ratios
Solvency
-6.4%▼
2024 · 4.2%
Current ratio
0.94▼
2024 · 1.04
Quick ratio
0.75▼
2024 · 0.75
Debt to equity
-16.51▼
2024 · 22.55
ROA
-10.0%▲
2024 · -32.5%
Debt
€180k▲
2024 · €134k
Debt ≤ 1 year
€180k▲
2024 · €134k
Staff costs
€21k▲
2024 · €17k
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 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€140k€169k▲
Current assets29/58€140k€169k▲
Stocks and contracts in progress3€39k€34k▼
Stocks30/36€39k€34k▼
Amounts receivable within one year40/41€57k€26k▼
Trade receivables40€57k€26k▼
Other amounts receivable41€0€0▲
Cash at bank and in hand54/58€43k€109k▲
Deferred charges and accrued income490/1€0€50▲
Equity and liabilities
Total equity and liabilities10/49€140k€169k▲
Equity10/15€6k€-11k▼
Contributions10/11€13k€13k=
Reserves13€71k€71k=
Distributable reserves133€71k€71k=
Profit (loss) carried forward14€-77k€-94k▼
Amounts payable17/49€134k€180k▲
Amounts payable within one year42/48€134k€180k▲
Trade debts44€10k€4k▼
Suppliers440/4€10k€4k▼
Taxes, remuneration and social security45€5k€2k▼
Taxes450/3€5k€2k▼
Remuneration and social security454/9-€850
Other amounts payable47/48€119k€173k▲
Income statement
Code20242025
Remuneration, social security and pensions62€17k€21k▲
Other operating charges640/8€605€620▲
Gross operating margin9900€-23k€6k▲
Operating profit (loss)9901€-41k€-16k▲
Financial income75/76B€0€3▲
Recurring financial income75€0€3▲
Financial charges65/66B€5k€980▼
Recurring financial charges65€5k€980▼
Profit (loss) for the period before taxes9903€-45k€-17k▲
Profit (loss) for the period9904€-45k€-17k▲
Profit (loss) for the period to be appropriated9905€-45k€-17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-77k€-94k▼
Profit (loss) brought forward from the previous period14P€-32k€-77k▼
Transfer from equity791/2€0-
Social balance
Average headcount (FTE)90870.70.7=
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €21k | €21k | €21k | €17k | €21k | ▲ 25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €0 | - | - | - |
| Other operating charges640/8 | €485 | €2k | €740 | €605 | €620 | ▲ 2.4% |
| Non-recurring operating charges66A | €113 | - | - | - | - | - |
| Gross operating margin9900 | €45k | €33k | €-12k | €-23k | €6k | ▲ 124% |
| Operating profit (loss)9901 | €21k | €8k | €-33k | €-41k | €-16k | ▲ 61.1% |
| Financial income75/76B | €3 | €0 | €1 | €0 | €3 | - |
| Recurring financial income75 | €3 | €0 | €1 | €0 | €3 | - |
| Financial charges65/66B | €2k | €2k | €1k | €5k | €980 | ▼ 79.0% |
| Recurring financial charges65 | €2k | €2k | €1k | €5k | €980 | ▼ 79.0% |
| Profit (loss) for the period before taxes9903 | €20k | €6k | €-34k | €-45k | €-17k | ▲ 62.9% |
| Income taxes67/77 | €5k | €2k | €0 | - | - | - |
| Profit (loss) for the period9904 | €15k | €5k | €-34k | €-45k | €-17k | ▲ 62.9% |
| Profit (loss) for the period to be appropriated9905 | €15k | €5k | €-34k | €-45k | €-17k | ▲ 62.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €273k | €241k | €176k | €140k | €169k | ▲ 20.9% |
| Fixed assets21/28 | €2k | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €2k | €0 | - | - | - | - |
| Plant, machinery and equipment23 | €2k | €0 | - | - | - | - |
| Current assets29/58 | €271k | €241k | €176k | €140k | €169k | ▲ 20.9% |
| Stocks and contracts in progress3 | €154k | €184k | €76k | €39k | €34k | ▼ 12.6% |
| Stocks30/36 | €154k | €184k | €76k | €39k | €34k | ▼ 12.6% |
| Amounts receivable within one year40/41 | €77k | €33k | €29k | €57k | €26k | ▼ 54.9% |
| Trade receivables40 | €76k | €32k | €26k | €57k | €26k | ▼ 54.9% |
| Other amounts receivable41 | €1k | €1k | €2k | €0 | €0 | - |
| Cash at bank and in hand54/58 | €40k | €23k | €70k | €43k | €109k | ▲ 151% |
| Deferred charges and accrued income490/1 | - | - | €607 | €0 | €50 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €273k | €241k | €176k | €140k | €169k | ▲ 20.9% |
| Equity10/15 | €81k | €86k | €51k | €6k | €-11k | ▼ 284% |
| Contributions10/11 | €13k | €13k | €13k | €13k | €13k | = |
| Reserves13 | €68k | €73k | €71k | €71k | €71k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €66k | €71k | €71k | €71k | €71k | = |
| Profit (loss) carried forward14 | €0 | - | €-32k | €-77k | €-94k | ▼ 21.8% |
| Amounts payable17/49 | €192k | €155k | €124k | €134k | €180k | ▲ 34.4% |
| Amounts payable within one year42/48 | €192k | €155k | €124k | €134k | €180k | ▲ 34.4% |
| Financial debts43 | €1 | €0 | - | - | - | - |
| Credit institutions430/8 | €1 | €0 | - | - | - | - |
| Trade debts44 | €32k | €0 | €7k | €10k | €4k | ▼ 53.7% |
| Suppliers440/4 | €32k | €0 | €7k | €10k | €4k | ▼ 53.7% |
| Taxes, remuneration and social security45 | €50k | €33k | €2k | €5k | €2k | ▼ 54.0% |
| Taxes450/3 | €50k | €33k | €2k | €5k | €2k | ▼ 70.4% |
| Remuneration and social security454/9 | - | - | - | - | €850 | - |
| Other amounts payable47/48 | €110k | €123k | €116k | €119k | €173k | ▲ 45.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €5k | €-34k | €-45k | €-17k | ▲ 62.9% |
| + Depreciation and write-downs630 | €2k | €2k | €0 | - | - | - |
| Operating cash flow (approximation) | €17k | €7k | €-34k | €-45k | €-17k | ▲ 62.9% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €-16k | €47k | €-27k | €65k | ▲ 346% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 46 days late
2024
31-12
Financial
Weakest financial yearnet €-45k
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €15k ▲519%
Operating result €21k, net result €15k, both a record.
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 40 days late
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Arendonk · 1 establishment unit since 2008
Ground area
9,283 m²
Building footprint
1,554 m²
Volume, LiDAR
8,612 m³
Parcel 13322C1263/00N000, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SpaCenter
since 20082.168.330.971
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13322C1263/00N000 | Flanders | 9,283 m² | 1 · 1,554 m² | 6.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 1,315 companies in sector 47639 we hold annual accounts for 624. 212 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
Founded10-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47529Retail trade
47639Retail sale of other sporting goods
43211General electrical installation work
46423Wholesale of clothing, excluding workwear and underwear
46496Wholesale trade
77210Renting and leasing of sports and recreation goods
93110Operation of sports facilities
Scores and ratios are computed by Checked and are not a credit decision.