SPRADO
ActiveSummary
SPRADO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €715k and a net result of €80k. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 61% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84=
Solvency79▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.23 against 0.13 in 2024; short-term debt: 18.4% and cash: 0.7% of total assets), and 46.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.8%
Return on assets
6.1%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
20 d early
2022
24 d early
2021
19 d early
2020
24 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€332k
EBIT margin
40.4%
Net result
€80k▼ 46.6%
2024 · €151k
2018: €30klowest in 8 years
2019: €31k▲ +0.9% vs 2018
2020: €37k▲ +22.1% vs 2019
2021: €77k▲ +106% vs 2020
2022: €140k▲ +82.3% vs 2021
2023: €101k▼ -27.9% vs 2022
2024: €151k▲ +49.7% vs 2023highest in 8 years
2025: €80k▼ -46.6% vs 2024
2018 → 2025
Working capital
€-189k▲ 0.9%
2024 · €-191k
2018: €-81khighest in 8 years
2019: €-82k▼ -0.9% vs 2018
2020: €-87k▼ -5.9% vs 2019
2021: €-167k▼ -92.2% vs 2020
2022: €-292k▼ -74.6% vs 2021lowest in 8 years
2023: €-231k▲ +20.8% vs 2022
2024: €-191k▲ +17.5% vs 2023
2025: €-189k▲ +0.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€332k
Equity€340k-€469k▲ 37.9%€559k▲ 19.2%€656k▲ 17.3%€715k▲ 9.0%
2021: €340klowest in 5 years
2022: €469k▲ +37.9% vs 2021
2023: €559k▲ +19.2% vs 2022
2024: €656k▲ +17.3% vs 2023
2025: €715k▲ +9.0% vs 2024highest in 5 years
Operating result€121k-€218k▲ 79.5%€168k▼ 22.8%€234k▲ 39.3%€134k▼ 42.7%
2021: €121klowest in 5 years
2022: €218k▲ +79.5% vs 2021
2023: €168k▼ -22.8% vs 2022
2024: €234k▲ +39.3% vs 2023highest in 5 years
2025: €134k▼ -42.7% vs 2024
Net result€77k-€140k▲ 82.3%€101k▼ 27.9%€151k▲ 49.7%€80k▼ 46.6%
2021: €77klowest in 5 years
2022: €140k▲ +82.3% vs 2021
2023: €101k▼ -27.9% vs 2022
2024: €151k▲ +49.7% vs 2023highest in 5 years
2025: €80k▼ -46.6% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.33M
Fixed assets
€1.27M ▲ 4.0%
Current assets
€55k ▲ 95.0%
Equity and liabilities €1.33M
Equity
€715k ▲ 9.0%
Debt
€614k ▲ 2.9%
Debt's share of the balance-sheet total falls from 47.7% to 46.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€202k▼
2024 · €295k
Cash flow
€148k▼
2024 · €211k
Current ratio
0.23▲
2024 · 0.13
Debt to equity
0.86▼
2024 · 0.91
ROE
11.3%▼
2024 · 23.0%
ROA
6.1%▼
2024 · 12.0%
Interest coverage
11.28▼
2024 · 15.26
Debt ≤ 1 year
€244k▲
2024 · €219k
Debt > 1 year
€368k▼
2024 · €377k
Income taxes
€36k▼
2024 · €64k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.25M€1.33M▲
Fixed assets21/28€1.22M€1.27M▲
Tangible fixed assets22/27€1.22M€1.27M▲
Land and buildings22€135k€138k▲
Plant, machinery and equipment23€56k€47k▼
Furniture and vehicles24€50k€131k▲
Other tangible fixed assets26€983k€958k▼
Current assets29/58€28k€55k▲
Amounts receivable within one year40/41€21k€46k▲
Trade receivables40€19k€24k▲
Other amounts receivable41€2k€22k▲
Cash at bank and in hand54/58€7k€9k▲
Deferred charges and accrued income490/1-€444
Equity and liabilities
Total equity and liabilities10/49€1.25M€1.33M▲
Equity10/15€656k€715k▲
Contributions10/11€181k€181k=
Reserves13€474k€533k▲
Tax-exempt reserves132€331€331=
Distributable reserves133€474k€533k▲
Profit (loss) carried forward14€334€334=
Amounts payable17/49€597k€614k▲
Amounts payable after more than one year17€377k€368k▼
Financial debts170/4€377k€368k▼
Amounts payable within one year42/48€219k€244k▲
Current portion of amounts payable after more than one year42€76k€94k▲
Trade debts44€12k€26k▲
Suppliers440/4€12k€26k▲
Taxes, remuneration and social security45€20k€15k▼
Taxes450/3€20k€15k▼
Other amounts payable47/48€111k€109k▼
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20242025
Turnover70-€332k
Goods, raw materials, services and sundry goods60/61-€157k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€68k▲
Other operating charges640/8€6k€8k▲
Non-recurring operating charges66A-€21k
Gross operating margin9900€301k€231k▼
Operating profit (loss)9901€234k€134k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€19k€18k▼
Recurring financial charges65€19k€18k▼
Profit (loss) for the period before taxes9903€215k€116k▼
Income taxes67/77€64k€36k▼
Profit (loss) for the period9904€151k€80k▼
Profit (loss) for the period to be appropriated9905€151k€80k▼
Appropriation of the result
Profit (loss) to be appropriated9906€151k€81k▼
Profit (loss) brought forward from the previous period14P-€334
Transfer from equity791/2€46k€20k▼
Transfer to equity691/2€142k€79k▼
To other reserves6921€142k€79k▼
Profit to be distributed694/7€54k€21k▼
Return on contributions (dividend)694€47k€21k▼
Directors or managers695€7k€0▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €332k | - |
| Non-recurring operating income76A | €2k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €157k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35k | €72k | €55k | €61k | €68k | ▲ 11.9% |
| Other operating charges640/8 | €5k | €6k | €6k | €6k | €8k | ▲ 31.5% |
| Non-recurring operating charges66A | €936 | - | - | - | €21k | - |
| Gross operating margin9900 | €163k | €296k | €229k | €301k | €231k | ▼ 23.3% |
| Operating profit (loss)9901 | €121k | €218k | €168k | €234k | €134k | ▼ 42.7% |
| Financial income75/76B | - | €0 | - | - | €0 | - |
| Recurring financial income75 | - | €0 | - | - | €0 | - |
| Financial charges65/66B | €29k | €29k | €28k | €19k | €18k | ▼ 7.2% |
| Recurring financial charges65 | €29k | €29k | €28k | €19k | €18k | ▼ 7.2% |
| Profit (loss) for the period before taxes9903 | €92k | €189k | €140k | €215k | €116k | ▼ 45.9% |
| Income taxes67/77 | €15k | €50k | €40k | €64k | €36k | ▼ 44.3% |
| Profit (loss) for the period9904 | €77k | €140k | €101k | €151k | €80k | ▼ 46.6% |
| Profit (loss) for the period to be appropriated9905 | €77k | €140k | €101k | €151k | €80k | ▼ 46.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.15M | €1.32M | €1.34M | €1.25M | €1.33M | ▲ 6.1% |
| Fixed assets21/28 | €1.12M | €1.30M | €1.25M | €1.22M | €1.27M | ▲ 4.0% |
| Tangible fixed assets22/27 | €1.12M | €1.30M | €1.25M | €1.22M | €1.27M | ▲ 4.0% |
| Land and buildings22 | €136k | €148k | €142k | €135k | €138k | ▲ 2.1% |
| Plant, machinery and equipment23 | €11k | €69k | €62k | €56k | €47k | ▼ 16.1% |
| Furniture and vehicles24 | €65k | €52k | €44k | €50k | €131k | ▲ 163% |
| Other tangible fixed assets26 | €904k | €1.03M | €1.00M | €983k | €958k | ▼ 2.6% |
| Current assets29/58 | €35k | €29k | €89k | €28k | €55k | ▲ 95.0% |
| Amounts receivable within one year40/41 | €12k | €23k | €22k | €21k | €46k | ▲ 118% |
| Trade receivables40 | €44 | €19k | €19k | €19k | €24k | ▲ 23.6% |
| Other amounts receivable41 | €12k | €3k | €2k | €2k | €22k | ▲ 1,175% |
| Cash at bank and in hand54/58 | €23k | €6k | €68k | €7k | €9k | ▲ 20.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €444 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.15M | €1.32M | €1.34M | €1.25M | €1.33M | ▲ 6.1% |
| Equity10/15 | €340k | €469k | €559k | €656k | €715k | ▲ 9.0% |
| Contributions10/11 | €181k | €181k | €181k | €181k | €181k | = |
| Reserves13 | €159k | €288k | €378k | €474k | €533k | ▲ 12.5% |
| Non-distributable reserves130/1 | €7k | - | - | - | - | - |
| Reserves not available under the articles1311 | €7k | - | - | - | - | - |
| Tax-exempt reserves132 | €331 | €331 | €331 | €331 | €331 | = |
| Distributable reserves133 | €152k | €287k | €377k | €474k | €533k | ▲ 12.5% |
| Profit (loss) carried forward14 | - | - | - | €334 | €334 | = |
| Amounts payable17/49 | €812k | €856k | €780k | €597k | €614k | ▲ 2.9% |
| Amounts payable after more than one year17 | €605k | €530k | €454k | €377k | €368k | ▼ 2.5% |
| Financial debts170/4 | €605k | €530k | €454k | €377k | €368k | ▼ 2.5% |
| Amounts payable within one year42/48 | €202k | €321k | €320k | €219k | €244k | ▲ 11.5% |
| Current portion of amounts payable after more than one year42 | €90k | €197k | €199k | €76k | €94k | ▲ 22.7% |
| Trade debts44 | €8k | €7k | €4k | €12k | €26k | ▲ 124% |
| Suppliers440/4 | €8k | €7k | €4k | €12k | €26k | ▲ 124% |
| Taxes, remuneration and social security45 | €3k | €3k | €4k | €20k | €15k | ▼ 26.3% |
| Taxes450/3 | €3k | €3k | €4k | €20k | €15k | ▼ 26.3% |
| Other amounts payable47/48 | €102k | €114k | €113k | €111k | €109k | ▼ 1.4% |
| Accrued charges and deferred income492/3 | €4k | €5k | €6k | €1k | €2k | ▲ 127% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €77k | €140k | €101k | €151k | €80k | ▼ 46.6% |
| + Depreciation and write-downs630 | €35k | €72k | €55k | €61k | €68k | ▲ 11.9% |
| Operating cash flow (approximation) | €112k | €212k | €156k | €211k | €148k | ▼ 29.7% |
| Investment in fixed assets (approximation) | - | €-251k | €-10k | €-36k | €-117k | ▼ 230% |
| Change in cash | - | €-17k | €61k | €-61k | €1k | ▲ 102% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €151k ▲49.7%
Operating result €234k, net result €151k, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €559k ▲19.2%
6 profitable years in a row build equity to €559k.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Rijkevorsel · 1 establishment unit since 2010
Ground area
1,007 m²
Building footprint
280 m²
Volume, LiDAR
1,682 m³
Parcel 13037H0140/00L004, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hoogstraatsesteenweg 98, 2310 Rijkevorsel
since 20102.185.766.920
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13037H0140/00L004 | Flanders | 1,007 m² | 1 · 280 m² | 10.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 751 companies in sector 43422 we hold annual accounts for 424. 237 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-02-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43422Screed work
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70100Activities of head offices
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.