SPMH · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of SPMH is 2.3% (moderate). The 2025 annual accounts show equity of €209k and a net result of €68k. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Signals

1 signal · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Trust signals

2 signals

Young company

Founded in 2023, under 3 years, statistically higher risk.

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 administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.3% Moderate

0%0,5%1,5%4%10%≥25%

Young company +No NACE activity registered +Annual accounts: healthy financial profile −

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€68k-50.4%

Working capital€161k+69.6%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 27-02-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

EBITDA

€112k

-42.5% 24-25

Net profit

€68k

-50.4% 24-25

Cash flow

€93k

-39.2% 24-25

Total assets

€340k

+25.5% 24-25

Equity

€209k

+47.8% 24-25

Working capital

€161k

+69.6% 24-25

Income taxes

€18k

-54.4% 24-25

Debt

€131k

+1.1% 24-25

Debt ≤ 1y

€87k

+26.6% 24-25

Debt > 1y

€44k

-27.9% 24-25

Current ratio

2.84

+19.7% 24-25

Quick ratio

2.84

+19.7% 24-25

Solvency

61.4%

+17.8% 24-25

Debt / equity

0.63

-31.6% 24-25

ROE

32.3%

-66.5% 24-25

ROA

19.9%

-60.5% 24-25

Interest coverage

41.32

-55.3% 24-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Revenue	-
EBITDA	€112k
Net profit	€68k
Cash flow	€93k
Staff costs	-
Income taxes	€18k
Dividends	-
Total assets	€340k
Equity	€209k
Debt	€131k
of which ≤ 1y	€87k
of which > 1y	€44k
Working capital	€161k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	2.84
Quick ratio	2.84
Working capital ratio	47.4%
Solvency	61.4%
Debt / equity	0.63
Long-term debt ratio	0.21
Interest coverage	41.32
Gross margin	-
Net margin	-
ROA	19.9%
ROE	32.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €91k · 26.9% Current assets €249k · 73.1%

Equity & liabilities

Equity €209k · 61.5% Debt €131k · 38.6%

Full annual accounts

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

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€340k
Fixed assets	21/28	€91k
Tangible fixed assets	22/27	€91k
Current assets	29/58	€249k
Amounts receivable within one year	40/41	€5k
Investments	50/53	€166k
Cash & bank	54/58	€68k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€340k
Equity	10/15	€209k
Contributions / capital	10/11	€5k
Reserves	13	€204k
Amounts payable	17/49	€131k
Amounts payable after one year	17	€44k
Amounts payable within one year	42/48	€87k
Income statement
Gross operating margin	9900	€114k
Operating result	9901	€87k
Financial income	75	€2k
Financial charges	65	€3k
Result before taxes	9903	€86k
Income taxes	67/77	€18k
Net result for the period	9904	€68k
Result to be appropriated	9905	€68k

You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

93 / 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.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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

Structure & network

Locations & real estate

Establishment units

1 location

SPMH

Augustijnslei 100, 2930 BrasschaatActiviteiten van medisch specialisten

since 20232.350.185.977

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

Parcels2

Ground area4.6 ha

Buildings2

Building footprint2,545 m²

Volume (LiDAR)19,554 m³

Tallest building22.8 m · ±2 fl.

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 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11324D0001/00V000	Flanders	4.5 ha	1 · 2,435 m²	22.8 m · 2 fl.
11054B0404/00X000	Flanders	465 m²	1 · 111 m²	9.0 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source and are complete.

Analysis

Snowflake analysis

financial profile on 5 axes

85 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93

Profitability 100

Solvency 99

Growth 52

Stability 82

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Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameNL

SPMH

Registered office

Kriekenlaan 26

2240 Zandhoven, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.