SPINDLE · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of SPINDLE is 0.4% (very low). The 2025 annual accounts show equity of €131k and a net result of €4k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 125 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-05-2026, 72 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	20-05-2026	72 d early	2026-00114836
31-12-2024	31-07-2025	03-06-2025	58 d early	2025-00115569
31-12-2023	31-07-2024	05-06-2024	56 d early	2024-00109931
31-12-2022	31-07-2023	29-06-2023	32 d early	2023-00173530
31-12-2021	31-07-2022	11-06-2022	50 d early	2022-20057385
31-12-2020	31-07-2021	24-06-2021	37 d early	2021-23900416
31-12-2019	31-07-2020	18-05-2020	74 d early	2020-12400004
31-12-2018	31-07-2019	11-06-2019	50 d early	2019-17600498
31-12-2017	31-07-2018	30-07-2018	1 d early	2018-39900546
31-12-2016	31-07-2017	13-08-2017	13 d late	2017-43100262

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2012, 14 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.4% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Annual accounts: healthy financial profile −Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€4k

Working capital€46k-10.0%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 20-05-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~2.6%/year over 8 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 78 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	74.2%	57.1%	better than 72% of 125 sector peers
Net result	€4k	€24k	better than 27% of 125 sector peers
Equity	€131k	€59k	better than 79% of 125 sector peers
Gross operating margin	€12k	€41k	better than 22% of 124 sector peers
Total assets	€177k	€128k	better than 67% of 126 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P72

Improving position over 2020-2025 · n=41-416

Net result P27

Weakening position over 2020-2025 · n=40-416

Equity P79

Stable position over 2020-2025 · n=41-416

Gross operating margin P22

Weakening position over 2020-2025 · n=41-414

Describes the position versus peers, not a forecast.

EBITDA

€11k

- 18-25

Net profit

€4k

- 18-25

Cash flow

€9k

- 18-25

Total assets

€177k

-0.7% 18-25

Equity

€131k

+2.9% 18-25

Working capital

€46k

-10.0% 18-25

Employees (FTE)

2

-44.4% 18-25

Income taxes

€0

- 18-25

Show 10 other metrics

Debt

€46k

-9.7% 18-25

Debt ≤ 1y

€24k

+26.0% 18-25

Debt > 1y

€21k

-32.7% 18-25

Current ratio

2.94

-20.9% 18-25

Quick ratio

2.94

-20.9% 18-25

Solvency

74.2%

+3.6% 18-25

Debt / equity

0.35

-12.2% 18-25

ROE

2.8%

- 18-25

ROA

2.1%

- 18-25

Interest coverage

5.35

- 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€11k
Net profit	€4k
Cash flow	€9k
Staff costs	-
Income taxes	€0
Dividends	-
Total assets	€177k
Equity	€131k
Debt	€46k
of which ≤ 1y	€24k
of which > 1y	€21k
Working capital	€46k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	2.94
Quick ratio	2.94
Working capital ratio	26.1%
Solvency	74.2%
Debt / equity	0.35
Long-term debt ratio	0.16
Interest coverage	5.35
Gross margin	-
Net margin	-
ROA	2.1%
ROE	2.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €107k · 60.5% Current assets €70k · 39.5%

Equity & liabilities

Equity €131k · 74.2% Debt €46k · 25.8%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€177k
Fixed assets	21/28	€107k
Tangible fixed assets	22/27	€107k
Current assets	29/58	€70k
Amounts receivable within one year	40/41	€25k
Cash & bank	54/58	€45k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€177k
Equity	10/15	€131k
Contributions / capital	10/11	€20k
Reserves	13	€111k
Amounts payable	17/49	€46k
Amounts payable after one year	17	€21k
Amounts payable within one year	42/48	€24k
Trade debts payable within one year	44	€10k
Income statement
Gross operating margin	9900	€12k
Operating result	9901	€6k
Financial income	75	€78
Financial charges	65	€2k
Result before taxes	9903	€4k
Income taxes	67/77	€0
Net result for the period	9904	€4k
Result to be appropriated	9905	€4k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

94 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

1 director

3 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Current directors & mandates

DE JONGHE, Els Julienne Jean
Non-statutory director
State Gazette act 24347984 (31-01-2024)

Current
31-01-2024 → present

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Statutory auditor

1 auditor

Statutory auditor	IRE/IBR number	Tenure
Jems Statutory auditor · represented by DE JONGHE, Els Julienne Jean	-	- → 31-01-2024

Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Arbeidsbemiddeling(78100)
Legal form	Private limited company(610)
Incorporation	04-07-2012
Status	Active
Postal code	2200

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

SPINDLE

Lierseweg(HRT) 73B, 2200 HerentalsAdviesbureaus op het gebied van public relations en communicatie

since 20142.227.484.640

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area562 m²

Buildings1

Building footprint337 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)