S-PRINT
ActiveSummary
S-PRINT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146,633 and a net result of €61,378. Equity is growing by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 94% of 11547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 17.96 against 8.33 in 2024; short-term debt: 5.1% and cash: 41.4% of total assets), and 5.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
94.9%
Return on assets
39.7%
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
4 d late
2024
44 d early
2023
43 d early
2022
25 d early
2021
48 d early
2020
18 d early
2019
21 d 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 28 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 19 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€146,633▲ 56.5%
2024 · €93,724
Total assets
€154,438▲ 48.5%
2024 · €103,993
Net result
€61,378▲ 61.1%
2024 · €38,096
Working capital
€132,393▲ 75.9%
2024 · €75,266
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€18,397▲ 63.4%€18,143▼ 1.4%€17,823▼ 1.8%€52,527▲ 195%€89,768▲ 70.9%
Net result€13,108within the sector's middle half▲ 52.8%€13,086within the sector's middle half▼ 0.2%€12,329within the sector's middle half▼ 5.8%€38,096above the sector's middle half▲ 209%€61,378above the sector's middle half▲ 61.1%
Equity€59,279within the sector's middle half▲ 26.2%€72,365within the sector's middle half▲ 22.1%€71,094within the sector's middle half▼ 1.8%€93,724within the sector's middle half▲ 31.8%€146,633within the sector's middle half▲ 56.5%
Total assets€71,372within the sector's middle half▲ 28.6%€77,832within the sector's middle half▲ 9.1%€79,694within the sector's middle half▲ 2.4%€103,993within the sector's middle half▲ 30.5%€154,438within the sector's middle half▲ 48.5%
Debt€12,093▲ 41.8%€5,467▼ 54.8%€8,600▲ 57.3%€10,270▲ 19.4%€7,804▼ 24.0%
Working capital€59,279within the sector's middle half▲ 26.2%€67,507within the sector's middle half▲ 13.9%€68,117within the sector's middle half▲ 0.9%€75,266within the sector's middle half▲ 10.5%€132,393above the sector's middle half▲ 75.9%
Solvency83.1%above the sector's middle half▼ 1.6pp93.0%above the sector's middle half▲ 9.9pp89.2%above the sector's middle half▼ 3.8pp90.1%above the sector's middle half▲ 0.9pp94.9%above the sector's middle half▲ 4.8pp
Current ratio5.90above the sector's middle half▼ 0.6013.35above the sector's middle half▲ 7.458.92above the sector's middle half▼ 4.438.33above the sector's middle half▼ 0.5917.96above the sector's middle half▲ 9.64
Return on assets (ROA)18.4%above the sector's middle half▲ 2.9pp16.8%above the sector's middle half▼ 1.6pp15.5%above the sector's middle half▼ 1.3pp36.6%above the sector's middle half▲ 21.2pp39.7%above the sector's middle half▲ 3.1pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 71% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €154,438
Fixed assets
€14,241 ▼ 22.8%
Current assets
€140,197 ▲ 63.9%
Equity and liabilities €154,438
Equity
€146,633 ▲ 56.5%
Debt
€7,804 ▼ 24.0%
Debt's share of the balance-sheet total falls from 9.9% to 5.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€93,985▲
2024 · €55,206
Cash flow
€65,595▲
2024 · €40,775
Debt to equity
0.05▼
2024 · 0.11
ROE
41.9%▲
2024 · 40.6%
Debt ≤ 1 year
€7,804▼
2024 · €10,270
Income taxes
€28,594▲
2024 · €14,524
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €785 | €1,881 | €2,679 | €4,217 | ▲ 57.4% |
| Other operating charges640/8 | €961 | €970 | €1,523 | €6,779 | €4,773 | ▼ 29.6% |
| Gross operating margin9900 | €19,359 | €19,898 | €21,227 | €61,985 | €98,759 | ▲ 59.3% |
| Operating profit (loss)9901 | €18,397 | €18,143 | €17,823 | €52,527 | €89,768 | ▲ 70.9% |
| Financial income75/76B | €442 | €361 | €39 | €120 | €204 | ▲ 69.5% |
| Recurring financial income75 | €442 | €361 | €39 | €120 | €204 | ▲ 69.5% |
| Financial charges65/66B | - | €47 | €0 | €28 | €0 | ▼ 100% |
| Recurring financial charges65 | - | €47 | €0 | €28 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €18,839 | €18,457 | €17,862 | €52,619 | €89,972 | ▲ 71.0% |
| Income taxes67/77 | €5,731 | €5,370 | €5,533 | €14,524 | €28,594 | ▲ 96.9% |
| Profit (loss) for the period9904 | €13,108 | €13,086 | €12,329 | €38,096 | €61,378 | ▲ 61.1% |
| Profit (loss) for the period to be appropriated9905 | €13,108 | €13,086 | €12,329 | €38,096 | €61,378 | ▲ 61.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,372 | €77,832 | €79,694 | €103,993 | €154,438 | ▲ 48.5% |
| Fixed assets21/28 | - | €4,858 | €2,977 | €18,458 | €14,241 | ▼ 22.8% |
| Tangible fixed assets22/27 | - | €4,858 | €2,977 | €18,458 | €14,241 | ▼ 22.8% |
| Furniture and vehicles24 | - | €4,858 | €2,977 | €18,458 | €14,241 | ▼ 22.8% |
| Current assets29/58 | €71,372 | €72,974 | €76,717 | €85,536 | €140,197 | ▲ 63.9% |
| Amounts receivable within one year40/41 | €24,748 | €16,872 | €7,866 | €28,913 | €24,779 | ▼ 14.3% |
| Trade receivables40 | €18,874 | €9,846 | €6,911 | €24,727 | €20,918 | ▼ 15.4% |
| Other amounts receivable41 | €5,874 | €7,026 | €955 | €4,186 | €3,861 | ▼ 7.8% |
| Current investments50/53 | - | - | - | - | €50,352 | - |
| Cash at bank and in hand54/58 | €45,458 | €54,403 | €67,645 | €52,757 | €63,885 | ▲ 21.1% |
| Deferred charges and accrued income490/1 | €1,166 | €1,698 | €1,206 | €3,866 | €1,181 | ▼ 69.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,372 | €77,832 | €79,694 | €103,993 | €154,438 | ▲ 48.5% |
| Equity10/15 | €59,279 | €72,365 | €71,094 | €93,724 | €146,633 | ▲ 56.5% |
| Contributions10/11 | €18,600 | €18,600 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €40,679 | €53,765 | €66,094 | €88,724 | €141,633 | ▲ 59.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €38,819 | €51,905 | €66,094 | €88,724 | €141,633 | ▲ 59.6% |
| Profit (loss) carried forward14 | - | €0 | - | €0 | €0 | - |
| Amounts payable17/49 | €12,093 | €5,467 | €8,600 | €10,270 | €7,804 | ▼ 24.0% |
| Amounts payable within one year42/48 | €12,093 | €5,467 | €8,600 | €10,270 | €7,804 | ▼ 24.0% |
| Trade debts44 | €1,314 | €2,597 | €3,090 | €267 | €1,664 | ▲ 523% |
| Suppliers440/4 | €1,314 | €2,597 | €3,090 | €267 | €1,664 | ▲ 523% |
| Taxes, remuneration and social security45 | €9,167 | €2,870 | €2,053 | €4,003 | €6,140 | ▲ 53.4% |
| Taxes450/3 | €9,167 | €2,870 | €1,521 | €4,003 | €6,140 | ▲ 53.4% |
| Remuneration and social security454/9 | - | - | €532 | €0 | - | - |
| Other amounts payable47/48 | €1,612 | €0 | €3,457 | €6,000 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,108 | €13,086 | €12,329 | €38,096 | €61,378 | ▲ 61.1% |
| + Depreciation and write-downs630 | - | €785 | €1,881 | €2,679 | €4,217 | ▲ 57.4% |
| Operating cash flow (approximation) | €13,108 | €13,871 | €14,210 | €40,775 | €65,595 | ▲ 60.9% |
| Investment in fixed assets (approximation) | - | - | €0 | -€18,160 | €0 | ▲ 100% |
| Change in cash | - | €8,946 | €13,242 | -€14,888 | €11,127 | ▲ 175% |
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
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
31-12
Financial
Highest result since 2018net €61,378 ▲61.1%
Operating result €89,768, net result €61,378, both a record.
31-12
Financial
Liquidity doublescurrent ratio 17.96
Current ratio from 8.33 to 17.96; short-term debt falls from €10,270 to €7,804.
31-12
Financial
Equity above €100,000Eq €146,633 ▲56.5%
8 profitable years in a row build equity to €146,633.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 13.35
Current ratio from 5.90 to 13.35; short-term debt falls from €12,093 to €5,467.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Herzele · 1 establishment unit since 2009
Ground area
1,977 m²
Building footprint
369 m²
Volume, LiDAR
2,187 m³
Parcel 41060B0438/00D000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
S-PRINT
since 20092.182.520.784
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41060B0438/00D000 | Flanders | 1,977 m² | 1 · 369 m² | 10.0 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 4,409 companies in sector 46180 we hold annual accounts for 1,891. 1,405 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
Founded29-10-2009
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
81300Landscape service activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0820191418
Also
9925:BE0820191418
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.