Financials
- Financial year
- 2025
- Total assets
- €519,575
- Loss
- -€135,785
- Solvency
- 22.2%
Total assets▲ 27.2%
Net result
20232025
SpineWise
ActiveSummary
The annual accounts of SpineWise for financial year 2025 show a net loss of 54% of the equity at the start of that year. The 2025 annual accounts show equity of €115,486 and a net result of -€135,785. Equity is shrinking by about 27% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 31% of 244 sector peers (NACE 26, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Activity
Manufacture of computer, electronic and optical products
NACE 26510Computer programming NACE 62100
1 site
Size
€519,575total assets 2025
- Staff
- 3.2 FTE
- Equity
- €115,486
- Loss
- -€135,785
Turnover not published (micro format)
Structure
Accounts filed 1 day late1 of 3 deeds read
Why 54raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year1 change of registered office in 24 monthsLoss of €135,785 (financial year 2025)lowers riskSector: Manufacture of computer, electronic and optical products (NACE 26)Size: total assets €519,575Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 29% of its sector peers (NACE 26, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
47-40
equity 22.2% of total assets
Liquidity
66+9
short-term debt 14.8% · cash 15.5%
Profitability
0-70
return on assets -26.1%
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%lowest value
12-2024: < 0.1%● unchanged vs 11-2024
01-2025: 0.2%▲ +0.2 percentage points vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.6%▲ +0.4 percentage points vs 02-2025
04-2025: 0.5%▼ -0.1 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.4%▼ -0.1 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.5%▲ +0.1 percentage points vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.6%▲ +0.1 percentage points vs 12-2025
02-2026: 0.9%▲ +0.3 percentage points vs 01-2026highest value
03-2026: 0.6%▼ -0.3 percentage points vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.7%▲ +0.1 percentage points vs 09-2026
Credit of up to €6,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.49, compared with 1.16 in 2024, below the usual 1.5; short-term debt: 14.8% and cash: 15.5% of total assets), and 77.8% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 26, micro): better than 32% on solvency, 63% on liquidity, 10% on profitability and 12% on growth.
The bankruptcy probability was computed on 17-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 01-02-2026, 1 day later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
1 day late
2024
34 days early
2023
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 11 days before the deadline; the sector median (NACE 26) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (3 of the last 3 filed years within 34 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end17-10-2026 today31-01-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€135,785
- Registered officeRegistered-office move
Key points
By topic
Timeline
- Events
- 5
- Since
- 2024
- Next accounts
- by 31-01-2027
- 28-12-2024Annual accounts filed
- 31-01-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Manufacture of computer, electronic and optical productsNACE 26510
- Founded
- 09-11-2021
- Year ends
- 30-06
- Peppol
- Reachable for e-invoices
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