SPINGHAR
ActiveThe computed 12-month bankruptcy probability of SPINGHAR is 2.0% (moderate). The 2024 annual accounts show equity of €70k and a net result of €-5k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 60% of 395 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency93▲+15
Growth78=
Stability100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.6 in 2023), and 46.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
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
53.1%
Return on assets
-3.7%
Age of the figures
20 mo
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 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
58 d late
2022
150 d late
2021
31 d late
2020
61 d late
2019
21 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€70k▼ 6.5%
2023 · €75k
2018: €48k
2019: €40k
2020: €43k
2021: €42k
2022: €52k
2023: €75k
2018 → 2024
Total assets
€131k▼ 25.4%
2023 · €176k
2018: €93k
2019: €95k
2020: €98k
2021: €109k
2022: €141k
2023: €176k
2018 → 2024
Net result
€-5k
2023 · €47k
2018: €-6k
2019: €-8k
2020: €3k
2021: €957
2022: €21k
2023: €47k
2018 → 2024
Working capital
€52k▼ 13.9%
2023 · €60k
2018: €28k
2019: €21k
2020: €20k
2021: €20k
2022: €36k
2023: €60k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€43k-€42k▼ 3.6%€52k▲ 24.0%€75k▲ 44.3%€70k▼ 6.5%
Operating result€5k-€3k▼ 40.5%€28k▲ 811%€60k▲ 114%€-2k
Net result€3k-€957▼ 69.0%€21k▲ 2,095%€47k▲ 123%€-5k
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 2024: a loss of €2k after €60k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €131k
Fixed assets
€18k▲ 25.0%
Current assets
€114k▼ 29.8%
Equity and liabilities €131k
Equity
€70k▼ 6.5%
Debt
€61k▼ 39.3%
The debt ratio falls from 57.6% to 46.9%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€1k▼
2023 · €62k
Cash flow
€-2k▼
2023 · €49k
Solvency
53.1%▲
2023 · 42.4%
Current ratio
1.85▲
2023 · 1.60
Quick ratio
1.23▲
2023 · 1.13
Debt / equity
0.88▼
2023 · 1.36
ROE
-7.0%▼
2023 · 62.9%
ROA
-3.7%▼
2023 · 26.7%
Interest coverage
0.35▼
2023 · 14.61
Debt
€61k▼
2023 · €101k
Debt ≤ 1 year
€61k▼
2023 · €101k
Income taxes
€19▼
2023 · €8k
Staff costs
€34k▲
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€176k€131k▼
Fixed assets21/28€14k€18k▲
Tangible fixed assets22/27€3k€7k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€1k€2k▲
Other tangible fixed assets26€127€3k▲
Financial fixed assets28€11k€11k=
Current assets29/58€162k€114k▼
Stocks and contracts in progress3€47k€38k▼
Stocks30/36€47k€38k▼
Amounts receivable within one year40/41€68k€59k▼
Trade receivables40€66k€56k▼
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€46k€17k▼
Deferred charges and accrued income490/1€582€278▼
Equity and liabilities
Total equity and liabilities10/49€176k€131k▼
Equity10/15€75k€70k▼
Contributions10/11€16k€16k=
Outside capital11€16k-
Other1109/19€16k-
Reserves13€11k€11k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€9k€9k=
Profit (loss) carried forward14€47k€42k▼
Amounts payable17/49€101k€61k▼
Amounts payable within one year42/48€101k€61k▼
Current portion of amounts payable after more than one year42€649-
Trade debts44€1k€5k▲
Suppliers440/4€1k€5k▲
Taxes, remuneration and social security45€22k€10k▼
Taxes450/3€21k€2k▼
Remuneration and social security454/9€1k€8k▲
Other amounts payable47/48€78k€46k▼
Income statement
Code20232024
Non-recurring operating income76A-€6k
Remuneration, social security and pensions62€10k€34k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€12k€6k▼
Gross operating margin9900€83k€41k▼
Operating profit (loss)9901€60k€-2k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€55k€-5k▼
Income taxes67/77€8k€19▼
Profit (loss) for the period9904€47k€-5k▼
Profit (loss) for the period to be appropriated9905€47k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€71k€42k▼
Profit (loss) brought forward from the previous period14P€24k€47k▲
Profit to be distributed694/7€24k-
Directors or managers695€24k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Highest result since 2018net €47k ▲123%
Operating result €60k, net result €47k, both a record.
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 150 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brussel · 2 establishment units since 2010
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.
Emile Jacqmainlaan 861000 BrusselGround area
263 m²
Building footprint
197 m²
Volume, LiDAR
4,560 m³
Parcel 21812N0910/00Y002, Brussels · tallest building 26.4 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
SPINGHAR SPRL
since 20102.185.683.479
SPINGHAR
since 20142.230.592.895
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N0910/00Y002 | Brussels | 263 m² | 1 · 197 m² | 26.4 m · 8 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.185.683.479
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Of 10,409 companies in sector 47110 we hold annual accounts for 5,787. 4,613 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-2004
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
52112
61100Wired, wireless and satellite telecommunications
61200Telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.