Result
€14,791 ▼ 90.1%
The result fell in 2025: merger with SPRINGVIS DEVELOPMENT.
SPRINGVIS
Lifetime
10 annual accounts with figures on one time axisGross marginpeak €238,924 (2018)
€74,397▼ 65.1%
Resultlowest -€59,735 (2019)
€14,791▼ 90.1%
Equitypeak €401,723 (2025)
€401,723▲ 3.8%
Debts
€1.3m▲ 4.2%
Board6 names since 2023
4 directorsBOO SERVICES and 3 others
Owners2 names in the annual accounts
33.33%BOO SERVICES
Documentsfilings and deeds
05-06-202625 days before the deadline
2025abbreviated format
Gross margin from €213,105 to €74,397Result from €149,516 to €14,791Registered office moved within Sint-Niklaas 10-10Investments €29,011
Key points
from the 2025 annual accountsTurnover
≈ €180,000 estimated
The abbreviated format states no turnover.
Debts
€1.3m 76% of the balance sheet
Financial debts 81%Suppliers 12%Taxes and wages 1%Other 6%
Of this, €248,529 falls due within a year.
Investments
€29,011 3.0 × depreciation
Green is investment, beige is depreciation.
Liquidity
5.29 was 3.74 in 2024
Short-term debts fell from €338,864 to €248,529.
Filings
10 annual accounts 6 late
The 2020 accounts came latest: 60 days after the end of the period.
Checked score
80
Excellent
Financially stronger than 44% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 2.1%▲ +0.5 percentage points vs 12-2024
02-2025: 2.1%● unchanged vs 01-2025
03-2025: 2.2%▲ +0.1 percentage points vs 02-2025highest value
04-2025: 1.9%▼ -0.3 percentage points vs 03-2025
05-2025: 1.9%● unchanged vs 04-2025
06-2025: 0.2%▼ -1.7 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025lowest value
10-2025: 0.2%● unchanged vs 09-2025lowest value
11-2025: 0.5%▲ +0.3 percentage points vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.6%▲ +0.1 percentage points vs 04-2026
06-2026: 0.7%▲ +0.1 percentage points vs 05-2026
07-2026: 0.6%▼ -0.1 percentage points vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
1 of the last 3 accounts late
Liquidity: current ratio 5.29, cash €16,044
lowers risk
Size: total assets €1.7m
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 43% of them on solvency, 45% on liquidity, 30% on profitability and 56% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-11-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,107 companies had the same profile as SPRINGVIS has now. Each dot stands for 11 companies, two years later.
98.0%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SPRINGVIS itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for SPRINGVIS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.29 (3.74 in 2024), above the usual 1.5. Short-term debt is 14.6% and cash 0.9% of total assets. However, 76.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18192021222425
2018 to 2025 · latest year €401,723
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 05-06-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 days early
2024
40 days early
2022
60 days late
2021
31 days early
2020
60 days late
2019
31 days late
2018
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today30-11-2026 year end30-06-2027 deadline
Board and ownership
BB
BV BDV HOLDING
Director, Bart De Vriendt
RB
RE4M BV
Director
- BOO SERVICES 33.33%equity €45.1m (2025) · 30-06-2025 annual accounts of BOO SERVICES
Recent changes
Environmental permit granted
Bouwen of herbouwen · Hamme
Environmental permit granted
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen, Verbouwen en/of uitbreiden van bijgebouwen, niet-overdekte lage constructies of wijzigen van andere beperkte handelingen, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Hamme
Environmental permit granted
Nieuwbouw of aanleggen, Slopen of verwijderen · Waasmunster
Environmental permit granted
Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen, Verbouwen / Wijzigen Infrastructuur · Sint-Niklaas
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| SPRINGVIS Sint-Niklaas | €1.7m | €74,397 | 23.6% | - |
| KOUTERVEST Zele | €1.4m | €90,883 | 2.1% | - |
| KUANZA Ghent | €1.6m | €110,811 | -0.8% | - |
| MALAMO Ninove | €1.3m | €70,418 | 18.7% | - |
| WONDELGEM Vastgoed Ghent | €1.8m | €76,567 | 18.5% | - |
| DE STIP Ghent | €1.8m | €94,777 | 31.3% | - |
| ELEAN INVEST Herk-de-Stad | €1.5m | €75,027 | 68.0% | - |
These companies have the same main activity as SPRINGVIS: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.3m and €1.8m, founded between 2012 and 2016.
Official details
Source: KBO- Status
- Active since 26-05-2014Normal situation
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.237.923.2269100 Sint-Niklaas, since 26-05-2014
- Financial year end
- 30 November
- Peppol
- Reachable since 04-04-2025
Annual accounts to 30-11-2025
- Total assets
- €1.7m▲ 4.1%
- Filing
- Filed on 05-06-2026, 25 days before the end of the filing period
Insights on SPRINGVIS
SPRINGVIS files the abbreviated format. That format states no turnover. The gross margin rose from -€13,219 in 2015 to €74,397 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SPRINGVIS
- What is the company number of SPRINGVIS?
- The company number of SPRINGVIS is 0552.943.253. The VAT number is the same number with BE in front: BE 0552.943.253.
- Where is SPRINGVIS based?
- The registered office is at Koningin Astridlaan 25 b, 9100 Sint-Niklaas.Company details
- What does SPRINGVIS do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of SPRINGVIS?
- SPRINGVIS is a private limited company (BV).
- When was SPRINGVIS founded?
- SPRINGVIS was founded on 26-05-2014.
- Is SPRINGVIS still active?
- Yes, SPRINGVIS is an active enterprise in the KBO register.
- What is the turnover of SPRINGVIS?
- The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €74,397 and 48 comparable companies (NACE 681). It probably lies between €100,000 and €380,000.Financials
- Is SPRINGVIS profitable?
- In financial year 2025, SPRINGVIS made a profit of €14,791.
- Where can I find the annual accounts of SPRINGVIS?
- SPRINGVIS filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SPRINGVIS due?
- SPRINGVIS must file the annual accounts for financial year 2026 by 30-06-2027.Timeline
Next steps
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