Nill Spring

Active

Private limited companyfounded 2011active for 14 yearsTextielstraat(KOM) 12, 7780 Comines-Warneton, BelgiumKBO/BCE: BE 0841.679.391

From the official registers: KBO 13 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

Nill Spring has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €397,943. Equity is growing by about 25% per year across the filed financial years. Its solvency ranks better than 87% of 285 sector peers (NACE 31, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

Nill SpringActiveChecked score 98/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 09-12-2011 Normal situation
Legal form: Private limited company
Registered office: Textielstraat(KOM) 12, 7780 Comines-Warneton
Activity: Manufacture of dining room, living room, bedroom and bathroom furniture NACE 31004and 1 other
Establishment unit: 2.204.774.267 7780 Comines-Warneton, since 09-12-2011
Financial year end: 30 September
Peppol: Reachable since 19-03-2026

Company details

Who decides

Board

CORNILLE FrankDirector
DUPONT GuyDirector
PAUWELYN OscarDirector

Board & ownership

How it is doing

98 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Annual accounts to 30-09-2025

Gross margin: €901,065; ▲ 27.7%
Turnover: ≈ €2.1m; estimated
Profit: €397,943; ▲ 63.8%
Equity: €1.4m; ▲ 30.2%
Total assets: €1.7m; ▲ 19.0%
Staff: 4.4 FTE; ▼ 12.0%

2025 accounts 114 days early

Filed on 06-01-2026PDF

Financials

Why 98raises riskSector: Manufacture of furniture (NACE 31)lowers riskLiquidity: current ratio 7.51, cash €502,502Equity €1.4m (82.1% of total assets)Figures for financial year 2025 (filed 07-01-2026)Show the evidence

Checked score

Score 2025

98 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 87% of its sector peers (NACE 31, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 100=

equity 82.1% of total assets

Liquidity 87+6

short-term debt 10.3% · cash 29.5%

Profitability 98+8

return on assets 23.4%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (830 companies, NACE 31, micro)

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024lowest value 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: 0.1%▲ +0.1 percentage points vs 12-2025highest value 02-2026: < 0.1%▼ -0.1 percentage points vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026

Credit of up to €130,000 on 30-day terms is acceptable

Liquidity ample (current ratio 7.51, compared with 5.01 in 2024, above the usual 1.5; short-term debt: 10.3% and cash: 29.5% of total assets), and 17.9% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 31, micro): better than 91% on solvency, 86% on liquidity, 90% on profitability and 80% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Liquidity: current ratio 7.51, cash €502,502

NBB · annual accounts

Equity €1.4m (82.1% of total assets)

NBB · annual accounts

Figures for financial year 2025 (filed 07-01-2026)

NBB · annual accounts

Sector: Manufacture of furniture (NACE 31)

KBO

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 06-01-2026, 114 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

114 days early

2024

131 days early

2023

112 days early

2022

108 days early

2021

46 days early

2020

64 days early

2019

31 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 87 days before the deadline; the sector median (NACE 31) for financial year 2024 is 7 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 9 January (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-09-2026 year end01-11-2026 today30-04-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Positive: Among the best 5% on net resultsector median €14,644 · 285 companies €397,943 View
Positive: Result rose in 2025from €242,944 to €397,943 ▲ 63.8% View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Positive: 7 profitable years in a rowprofit 2025: €397,943 7 years View

Documents

Key facts about Nill Spring

What is the company number of Nill Spring?: 0841.679.391. In Belgium the VAT number is the company number with BE in front: BE 0841.679.391.
Where is Nill Spring based?: The registered office is at Textielstraat(KOM) 12, 7780 Comines-Warneton.Company details
What does Nill Spring do?: According to the KBO register, the main activity is manufacture of dining room, living room, bedroom and bathroom furniture (NACE 31004).
What is the legal form of Nill Spring?: Private limited company (BV).
When was Nill Spring founded?: On 09-12-2011.
Is Nill Spring still active?: Yes, Nill Spring is an active enterprise in the KBO register.
How many employees does Nill Spring have?: On average 4.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Nill Spring?: ≈ €2.1m in financial year 2025. Estimated from the gross margin of €901,065: probably between €1.3m and €3.6m, based on 2,288 comparable companies of the same size. A rough estimate.
Is Nill Spring profitable?: In financial year 2025, Nill Spring made a profit of €397,943.
Where can I find the annual accounts of Nill Spring?: Nill Spring filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of Nill Spring due?: By 30-04-2027, for financial year 2026.Timeline