SPQA
SPQA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4k and a net result of €-3k. Equity is shrinking by ~45.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 27% of 13549 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
| Equity | €4k |
| Net result | €-3k |
| Better than sector | 27% |
| Active | 7 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 5.6% | 29.9% | |
| Net result | €-3k | €6k | |
| Equity | €4k | €79k | |
| Gross operating margin | €18k | €41k | |
| Total assets | €64k | €416k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €6k | €13k | €9k |
| Net profit | €-3k | €3k | €4k |
| Cash flow | €1k | €8k | €5k |
| Staff costs | - | - | - |
| Income taxes | €1k | €2k | €3k |
| Dividends | €35k | - | €9k |
| Total assets | €64k | €72k | €83k |
| Equity | €4k | €41k | €36k |
| Debt | €60k | €31k | €47k |
| of which ≤ 1y | €50k | €14k | €23k |
| of which > 1y | €10k | €17k | €24k |
| Working capital | €7k | €5k | €55k |
| Employees (FTE) | - | - | - |
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 1.14 | 1.35 | 3.38 |
| Quick ratio | 1.14 | 1.35 | 3.38 |
| Working capital ratio | 10.9% | 6.7% | 65.6% |
| Solvency | 5.6% | 57.1% | 43.5% |
| Debt / equity | 16.98 | 0.75 | 1.30 |
| Long-term debt ratio | 2.80 | 0.41 | 0.66 |
| Interest coverage | 1.61 | 4.28 | 8.22 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -4.2% | 4.8% | 4.8% |
| ROE | -74.7% | 8.4% | 11.0% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €64k | €72k | €83k |
| Fixed assets | 21/28 | €7k | €53k | €6k |
| Tangible fixed assets | 22/27 | €7k | €53k | €5k |
| Financial fixed assets | 28 | - | - | €315 |
| Current assets | 29/58 | €57k | €19k | €78k |
| Amounts receivable within one year | 40/41 | €18k | €3k | €50k |
| Cash & bank | 54/58 | €39k | €15k | €28k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €64k | €72k | €83k |
| Equity | 10/15 | €4k | €41k | €36k |
| Contributions / capital | 10/11 | €2k | €2k | €500 |
| Accumulated profits (losses) | 14 | €2k | €39k | €36k |
| Amounts payable | 17/49 | €60k | €31k | €47k |
| Amounts payable after one year | 17 | €10k | €17k | €24k |
| Amounts payable within one year | 42/48 | €50k | €14k | €23k |
| Trade debts payable within one year | 44 | €3k | €1k | €267 |
| Income statement | ||||
| Gross operating margin | 9900 | €18k | €13k | €9k |
| Operating result | 9901 | €2k | €8k | €8k |
| Financial income | 75 | €132 | €59 | - |
| Financial charges | 65 | €4k | €3k | €1k |
| Result before taxes | 9903 | €-1k | €5k | €7k |
| Income taxes | 67/77 | €1k | €2k | €3k |
| Net result for the period | 9904 | €-3k | €3k | €4k |
| Result to be appropriated | 9905 | €-3k | €3k | €4k |
| NACE primary | Property management for co-owned buildings (syndics)(68321) |
| Legal form | Private limited company(610) |
| Incorporation | 03-08-2019 |
| Status | Active |
| Postal code | 2600 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0219/00N004 | Flanders | 235 m² | 1 · 69 m² | - |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
24-04-2025 Registered office moved from Antwerpen to Berchem
- Albert Claudestraat 12 bus 104, 2018 Antwerpen → Elisabethlaan 184 bus 401, 2600 Berchem
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Elisabethlaan 184 bus 401, 2600 Berchem",
"city": "Berchem",
"region": "vlaams_gewest",
"street": "Elisabethlaan",
"country": "BE",
"postcode": "2600",
"box_number": "401",
"street_number": "184",
"locality_suffix": null
},
"old_address": {
"raw": "Albert Claudestraat 12 bus 104, 2018 Antwerpen",
"city": "Antwerpen",
"region": "vlaams_gewest",
"street": "Albert Claudestraat",
"country": "BE",
"postcode": "2018",
"box_number": "104",
"street_number": "12",
"locality_suffix": null
},
"effective_date": "2025-04-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-04-24",
"filing_date": "2025-04-15",
"act_kind_objet": "Zetel (zetelverplaatsing)"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2025-04-01",
"unanimous": null
},
"subject_company": {
"kbo": "0731.839.957",
"name_full": "SPQA",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": "BV Sas Consultancy",
"person_name": null,
"org_rep_person_name": "Wannes Sas",
"person_role_at_subject": null
},
"co_filed_documents": [
"de notulen van de algemene vergadering dd. 01/04/2025"
]
}20-01-2023 Registered office moved within Antwerpen
- Diercxsensstraat 19 bus 1B : 2018 Antwerpen → Albert Claudestraat 12 bus 104, 2018 Antwerpen
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Albert Claudestraat 12 bus 104, 2018 Antwerpen",
"city": "Antwerpen",
"region": "vlaams_gewest",
"street": "Albert Claudestraat",
"country": "BE",
"postcode": "2018",
"box_number": "104",
"street_number": "12",
"locality_suffix": null
},
"old_address": {
"raw": "Diercxsensstraat 19 bus 1B : 2018 Antwerpen",
"city": "Antwerpen",
"region": "vlaams_gewest",
"street": "Diercxsensstraat",
"country": "BE",
"postcode": "2018",
"box_number": "1B",
"street_number": "19",
"locality_suffix": null
},
"effective_date": "2022-12-21",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "Jelle VAN HOVE",
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-01-20",
"filing_date": "2023-01-17",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2022-12-21",
"unanimous": true
},
"subject_company": {
"kbo": "0731.839.957",
"name_full": "SPQA",
"legal_form": "Commanditaire vennootschap"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Jelle Van Hove",
"org_rep_person_name": null,
"person_role_at_subject": "notaris"
},
"co_filed_documents": [
"afschrift akte",
"co\u00F6rdinatie van statuten"
]
}| Legal nameNL | SPQA |