SPICE IT
ActiveSummary
The annual accounts of SPICE IT for fiscal year 2024 show a net loss of 57% of total assets and of 93% of the equity at the start of that year. The 2024 annual accounts show equity of €2k and a net result of €-25k. Equity is shrinking by ~28.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 10% of 20782 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
35
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency30▼-46
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.01 against 0.08 in 2023; short-term debt: 87.7% and cash: 1.2% of total assets), and 95.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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 2024Solvency, return and age of the figures
Solvency
4.6%
Return on assets
-57%
Age of the figures
21 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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-25k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 20782 sector peers (2024).
NBB · sector comparisonPosition among 20782 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-05-2025, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
66 d early
2023
1 d early
2022
41 d early
2021
60 d late
2020
31 d late
2019
130 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€2k▼ 92.5%
2023 · €27k
2018: €113k
2019: €112k
2020: €98k
2021: €73k
2022: €57k
2023: €27k
2018 → 2024
Total assets
€44k▼ 17.5%
2023 · €53k
2018: €183k
2019: €164k
2020: €135k
2021: €104k
2022: €80k
2023: €53k
2018 → 2024
Net result
€-25k▲ 15.5%
2023 · €-30k
2018: €-5k
2019: €-530
2020: €-14k
2021: €-25k
2022: €-17k
2023: €-30k
2018 → 2024
Working capital
€-38k▼ 144%
2023 · €-16k
2018: €67k
2019: €76k
2020: €49k
2021: €22k
2022: €11k
2023: €-16k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€98k-€73k▼ 25.1%€57k▼ 22.7%€27k▼ 52.3%€2k▼ 92.5%
Operating result€-17k-€-24k▼ 39.7%€-15k▲ 37.1%€-29k▼ 89.8%€-24k▲ 16.9%
Net result€-14k-€-25k▼ 72.0%€-17k▲ 32.3%€-30k▼ 77.8%€-25k▲ 15.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24k in 2024 against €29k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €44k
Fixed assets
€43k ▼ 16.4%
Current assets
€521 ▼ 60.9%
Equity and liabilities €44k
Equity
€2k ▼ 92.5%
Debt
€42k ▲ 60.0%
Debt's share of the balance-sheet total rises from 49.2% to 95.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-15k▲
2023 · €-20k
Cash flow
€-17k▲
2023 · €-21k
Current ratio
0.01▼
2023 · 0.08
Debt to equity
20.71▲
2023 · 0.97
ROA
-57.0%▼
2023 · -55.6%
Interest coverage
-15.13▲
2023 · -21.25
Debt ≤ 1 year
€39k▲
2023 · €17k
Debt > 1 year
€3k▼
2023 · €9k
Income taxes
€81▼
2023 · €132
Staff costs
€0▼
2023 · €152
A ratio outside any meaningful range has been withheld (balance sheet total €44k, equity €2k).
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 · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€53k€44k▼
Fixed assets21/28€52k€43k▼
Tangible fixed assets22/27€50k€41k▼
Furniture and vehicles24€0-
Other tangible fixed assets26€50k€41k▼
Financial fixed assets28€2k€2k=
Current assets29/58€1k€521▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€0-
Other amounts receivable41€0-
Cash at bank and in hand54/58€849€521▼
Deferred charges and accrued income490/1€484€0▼
Equity and liabilities
Total equity and liabilities10/49€53k€44k▼
Equity10/15€27k€2k▼
Contributions10/11€12k€12k=
Reserves13€15k€0▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€15k€0▼
Profit (loss) carried forward14€0€-10k▼
Amounts payable17/49€26k€42k▲
Amounts payable after more than one year17€9k€3k▼
Financial debts170/4€9k€3k▼
Amounts payable within one year42/48€17k€39k▲
Current portion of amounts payable after more than one year42€6k€6k▲
Financial debts43€1k€0▼
Credit institutions430/8€1k€0▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€7k€4k▼
Taxes450/3€7k€4k▼
Other amounts payable47/48€2k€27k▲
Accrued charges and deferred income492/3€348€387▲
Income statement
Code20232024
Remuneration, social security and pensions62€152€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▼
Other operating charges640/8€611€523▼
Non-recurring operating charges66A-€1k
Gross operating margin9900€-19k€-14k▲
Operating profit (loss)9901€-29k€-24k▲
Financial income75/76B€241€1▼
Recurring financial income75€241€1▼
Financial charges65/66B€942€1k▲
Recurring financial charges65€942€1k▲
Profit (loss) for the period before taxes9903€-29k€-25k▲
Income taxes67/77€132€81▼
Profit (loss) for the period9904€-30k€-25k▲
Profit (loss) for the period to be appropriated9905€-30k€-25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€-25k▼
Profit (loss) brought forward from the previous period14P€42k€0▼
Transfer from equity791/2-€15k
Transfer to equity691/2€13k€0▼
To other reserves6921€13k€0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 4.99
Current ratio from 2.34 to 4.99; short-term debt falls from €50k to €19k.
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 55 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 92 days late
2016
18-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 110 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Beringen · 1 establishment unit since 2007
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.
Korspelheidestraat 433582 BeringenGround area
3,576 m²
Building footprint
410 m²
Volume, LiDAR
1,333 m³
Parcel 71522D0091/00C000, Flanders · tallest building 10.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SPICE IT
since 20072.160.570.278
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71522D0091/00C000 | Flanders | 3,575 m² | 1 · 410 m² | 10.2 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 150 EUR awarded · 150 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 150 EUR | 150 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 3,128 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
Founded14-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.