Summary
Spad Invest is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2k and a net result of €-8k. Its solvency ranks better than 5% of 5527 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
Founded in 2024, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
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 20-08-2026, 20 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 · 1 filingDeviation from the deadline
2025
20 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€2k
Net result
€-8k
Total assets
€447k
Solvency
0.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
Assets €447k
Fixed assets
€415k
Current assets
€32k
Equity and liabilities €447k
Equity
€2k
Debt
€445k
Debt finances 99.5% of the balance-sheet total.
Key figures and ratios
ROE
-378.3%
ROA
-1.8%
Debt ≤ 1 year
€2k
Debt > 1 year
€415k
A ratio outside any meaningful range has been withheld (balance sheet total €447k, equity €2k).
Filed annual accounts As filed with the NBB · 2025 · 30 lines
Balance sheet
Code2025
Assets
Total assets20/58€447k
Fixed assets21/28€415k
Financial fixed assets28€415k
Current assets29/58€32k
Amounts receivable within one year40/41€7k
Trade receivables40€6k
Other amounts receivable41€1k
Cash at bank and in hand54/58€24k
Deferred charges and accrued income490/1€960
Equity and liabilities
Total equity and liabilities10/49€447k
Equity10/15€2k
Contributions10/11€10k
Profit (loss) carried forward14€-8k
Amounts payable17/49€445k
Amounts payable after more than one year17€415k
Financial debts170/4€415k
Amounts payable within one year42/48€2k
Trade debts44€2k
Suppliers440/4€2k
Accrued charges and deferred income492/3€29k
Income statement
Code2025
Other operating charges640/8€938
Gross operating margin9900€22k
Operating profit (loss)9901€21k
Financial charges65/66B€29k
Recurring financial charges65€29k
Profit (loss) for the period before taxes9903€-8k
Profit (loss) for the period9904€-8k
Profit (loss) for the period to be appropriated9905€-8k
Appropriation of the result
Profit (loss) to be appropriated9906€-8k
Social balance
Average headcount (FTE)90870.0
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
NBB filing
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, Turnhout · 1 establishment unit since 2024
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.
Parklaan 462300 TurnhoutGround area
2,736 m²
Building footprint
1,245 m²
Volume, LiDAR
13,717 m³
Parcel 13453O0314/00A000, Flanders · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Spad Invest
since 20242.368.543.327
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0314/00A000 | Flanders | 2,736 m² | 1 · 1,244 m² | 15.0 m · 4 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
RND Developments
BE 0792.697.460
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LM Consultancy
BE 1015.056.993
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Hephaistos Consulting
BE 0665.897.476
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CERTESA
BE 0881.911.429
Antwerpen · Eq €2,066
VACATREM
BE 0454.489.738
Heist-op-den-Berg · Eq €2,064
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 1,772 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
Founded19-12-2024
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
63920Other information service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.