speKtruM
ActiveSummary
speKtruM has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €554k and a net result of €-61k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 95% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-68
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 23.87 against 24.85 in 2024; short-term debt: 2.2% and cash: 8.5% of total assets), and 2.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-01-2026, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
12 d early
2024
7 d early
2023
1 d early
2022
1 d early
2021
on the day
2020
1 d late
2019
3 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€554k▼ 18.4%
2024 · €680k
2019: €634k
2020: €689k▲ +8.6% vs 2019
2021: €782k▲ +13.4% vs 2020highest in 7 years
2022: €605k▼ -22.6% vs 2021
2023: €697k▲ +15.2% vs 2022
2024: €680k▼ -2.4% vs 2023
2025: €554k▼ -18.4% vs 2024lowest in 7 years
2019 → 2025
Total assets
€567k▼ 18.8%
2024 · €698k
2019: €648k
2020: €699k▲ +7.8% vs 2019
2021: €823k▲ +17.7% vs 2020highest in 7 years
2022: €654k▼ -20.6% vs 2021
2023: €734k▲ +12.3% vs 2022
2024: €698k▼ -4.9% vs 2023
2025: €567k▼ -18.8% vs 2024lowest in 7 years
2019 → 2025
Net result
€-61k
2024 · €26k
2019: €65k
2020: €55k▼ -16.2% vs 2019
2021: €149k▲ +173% vs 2020
2022: €170k▲ +13.9% vs 2021highest in 7 years
2023: €130k▼ -23.2% vs 2022
2024: €26k▼ -80.0% vs 2023
2025: €-61k▼ -332% vs 2024lowest in 7 years
2019 → 2025
Working capital
€279k▼ 28.8%
2024 · €392k
2019: €381k
2020: €436k▲ +14.6% vs 2019
2021: €502k▲ +15.0% vs 2020highest in 7 years
2022: €309k▼ -38.4% vs 2021
2023: €403k▲ +30.3% vs 2022
2024: €392k▼ -2.7% vs 2023
2025: €279k▼ -28.8% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€782k-€605k▼ 22.6%€697k▲ 15.2%€680k▼ 2.4%€554k▼ 18.4%
2021: €782khighest in 5 years
2022: €605k▼ -22.6% vs 2021
2023: €697k▲ +15.2% vs 2022
2024: €680k▼ -2.4% vs 2023
2025: €554k▼ -18.4% vs 2024lowest in 5 years
Operating result€181k-€141k▼ 22.0%€189k▲ 34.4%€43k▼ 77.4%€-63k
2021: €181k
2022: €141k▼ -22.0% vs 2021
2023: €189k▲ +34.4% vs 2022highest in 5 years
2024: €43k▼ -77.4% vs 2023
2025: €-63k▼ -247% vs 2024lowest in 5 years
Net result€149k-€170k▲ 13.9%€130k▼ 23.2%€26k▼ 80.0%€-61k
2021: €149k
2022: €170k▲ +13.9% vs 2021highest in 5 years
2023: €130k▼ -23.2% vs 2022
2024: €26k▼ -80.0% vs 2023
2025: €-61k▼ -332% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €63k after €43k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €567k
Fixed assets
€275k ▼ 4.9%
Current assets
€291k ▼ 28.7%
Equity and liabilities €567k
Equity
€554k ▼ 18.4%
Debt
€12k ▼ 33.5%
Debt's share of the balance-sheet total falls from 2.6% to 2.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-49k▼
2024 · €60k
Cash flow
€-46k▼
2024 · €43k
Current ratio
23.87▼
2024 · 24.85
Debt to equity
0.02▼
2024 · 0.03
ROE
-10.9%▼
2024 · 3.8%
ROA
-10.7%▼
2024 · 3.7%
Interest coverage
-150.85▼
2024 · 70.86
Debt ≤ 1 year
€12k▼
2024 · €16k
Income taxes
€480▼
2024 · €17k
Staff costs
€22k▲
2024 · €21k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€698k€567k▼
Fixed assets21/28€290k€275k▼
Tangible fixed assets22/27€40k€25k▼
Land and buildings22€2k€2k=
Furniture and vehicles24€21k€9k▼
Other tangible fixed assets26€17k€14k▼
Financial fixed assets28€250k€250k=
Current assets29/58€408k€291k▼
Amounts receivable within one year40/41€5k€50▼
Trade receivables40€55-
Other amounts receivable41€5k€50▼
Current investments50/53€324k€241k▼
Cash at bank and in hand54/58€77k€48k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€698k€567k▼
Equity10/15€680k€554k▼
Contributions10/11€6k€6k=
Reserves13€673k€548k▼
Distributable reserves133€673k€548k▼
Amounts payable17/49€18k€12k▼
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€16k€12k▼
Current portion of amounts payable after more than one year42€6k€2k▼
Trade debts44€3k€1k▼
Suppliers440/4€3k€1k▼
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€303€81▼
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€5k€6k▲
Income statement
Code20242025
Remuneration, social security and pensions62€21k€22k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€14k▼
Other operating charges640/8€2k€615▼
Gross operating margin9900€82k€-26k▼
Operating profit (loss)9901€43k€-63k▼
Financial income75/76B€1k€3k▲
Recurring financial income75€1k€3k▲
Financial charges65/66B€846€322▼
Recurring financial charges65€846€322▼
Profit (loss) for the period before taxes9903€43k€-60k▼
Income taxes67/77€17k€480▼
Profit (loss) for the period9904€26k€-61k▼
Profit (loss) for the period to be appropriated9905€26k€-61k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€-61k▼
Transfer from equity791/2€43k€125k▲
Transfer to equity691/2€26k-
To other reserves6921€26k-
Profit to be distributed694/7€43k€65k▲
Return on contributions (dividend)694€43k€65k▲
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €21k | €20k | €21k | €22k | ▲ 4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €14k | €15k | €17k | €14k | ▼ 17.1% |
| Other operating charges640/8 | - | €2k | €1k | €2k | €615 | ▼ 62.3% |
| Gross operating margin9900 | €207k | €177k | €225k | €82k | €-26k | ▼ 132% |
| Operating profit (loss)9901 | €181k | €141k | €189k | €43k | €-63k | ▼ 247% |
| Financial income75/76B | - | €106k | €827 | €1k | €3k | ▲ 158% |
| Recurring financial income75 | €36k | €106k | €827 | €1k | €3k | ▲ 158% |
| Financial charges65/66B | - | €1k | €947 | €846 | €322 | ▼ 61.9% |
| Recurring financial charges65 | €1k | €1k | €947 | €846 | €322 | ▼ 61.9% |
| Profit (loss) for the period before taxes9903 | €215k | €246k | €189k | €43k | €-60k | ▼ 239% |
| Income taxes67/77 | €66k | €76k | €59k | €17k | €480 | ▼ 97.2% |
| Profit (loss) for the period9904 | €149k | €170k | €130k | €26k | €-61k | ▼ 332% |
| Profit (loss) for the period to be appropriated9905 | €149k | €170k | €130k | €26k | €-61k | ▼ 332% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €823k | €654k | €734k | €698k | €567k | ▼ 18.8% |
| Fixed assets21/28 | €299k | €309k | €301k | €290k | €275k | ▼ 4.9% |
| Tangible fixed assets22/27 | €49k | €59k | €51k | €40k | €25k | ▼ 35.8% |
| Land and buildings22 | - | €2k | €2k | €2k | €2k | = |
| Furniture and vehicles24 | - | €35k | €30k | €21k | €9k | ▼ 55.8% |
| Other tangible fixed assets26 | - | €22k | €19k | €17k | €14k | ▼ 15.6% |
| Financial fixed assets28 | €250k | €250k | €250k | €250k | €250k | = |
| Current assets29/58 | €524k | €344k | €433k | €408k | €291k | ▼ 28.7% |
| Amounts receivable within one year40/41 | €73k | €93k | €128k | €5k | €50 | ▼ 99.0% |
| Trade receivables40 | - | €93k | €34k | €55 | - | - |
| Other amounts receivable41 | - | - | €94k | €5k | €50 | ▼ 99.0% |
| Current investments50/53 | €239k | €139k | €180k | €324k | €241k | ▼ 25.5% |
| Cash at bank and in hand54/58 | €211k | €111k | €124k | €77k | €48k | ▼ 37.5% |
| Deferred charges and accrued income490/1 | - | €785 | €879 | €2k | €1k | ▼ 18.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €823k | €654k | €734k | €698k | €567k | ▼ 18.8% |
| Equity10/15 | €782k | €605k | €697k | €680k | €554k | ▼ 18.4% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €776k | €599k | €691k | €673k | €548k | ▼ 18.6% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €597k | €689k | €673k | €548k | ▼ 18.6% |
| Amounts payable17/49 | €41k | €49k | €37k | €18k | €12k | ▼ 33.5% |
| Amounts payable after more than one year17 | €19k | €13k | €8k | €2k | - | - |
| Financial debts170/4 | - | €13k | €8k | €2k | - | - |
| Amounts payable within one year42/48 | €22k | €35k | €30k | €16k | €12k | ▼ 25.8% |
| Current portion of amounts payable after more than one year42 | - | €6k | €6k | €6k | €2k | ▼ 66.4% |
| Financial debts43 | - | €135 | €284 | - | - | - |
| Credit institutions430/8 | - | €135 | €284 | - | - | - |
| Trade debts44 | €4k | €4k | €3k | €3k | €1k | ▼ 45.0% |
| Suppliers440/4 | - | €4k | €3k | €3k | €1k | ▼ 45.0% |
| Taxes, remuneration and social security45 | - | €26k | €21k | €3k | €3k | ▼ 4.2% |
| Taxes450/3 | - | €21k | €18k | €303 | €81 | ▼ 73.4% |
| Remuneration and social security454/9 | - | €4k | €3k | €3k | €3k | ▲ 2.5% |
| Other amounts payable47/48 | - | - | - | €5k | €6k | ▲ 17.4% |
| Accrued charges and deferred income492/3 | - | €381 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €149k | €170k | €130k | €26k | €-61k | ▼ 332% |
| + Depreciation and write-downs630 | €6k | €14k | €15k | €17k | €14k | ▼ 17.1% |
| Operating cash flow (approximation) | €155k | €184k | €146k | €43k | €-46k | ▼ 207% |
| Investment in fixed assets (approximation) | - | €-24k | €-7k | €-5k | €0 | ▲ 100% |
| Change in cash | - | €-100k | €13k | €-46k | €-29k | ▲ 37.4% |
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
19-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-61k
Net result drops to €-61k, the lowest in the series.
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €170k ▲13.9%
Net result €170k, the highest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2014
04-04
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Lede · 1 establishment unit since 2009
Ground area
1,035 m²
Building footprint
160 m²
Volume, LiDAR
956 m³
Parcel 41075A0201/00S000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
speKtruM
since 20092.176.670.793
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41075A0201/00S000 | Flanders | 1,035 m² | 1 · 159 m² | 8.1 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 33,813 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
Founded28-01-2009
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.