Equity
-€9,692
Debts exceed assets in financial year 2025.
Splash
Lifetime
1 annual account with figurespeak €14,496 (2025)
€14,496
lowest -€11,692 (2025)
-€11,692
peak -€9,692 (2025)
-€9,692
€57,805
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Loss of €11,692First year with figures
Key points
from the 2025 annual accountsDebts
€57,805 120% of the balance sheet
Suppliers 2%Taxes and wages 5%Other 93%
Position in the sector
-20.1%
Lower solvency than 94% of companies in repair and installation of machinery. Sector median 37.7% · 601 companies.
2025 accounts filed 31 days after the deadline
Checked score
46
Fair
Financially stronger than 5% of micro companies in repair and installation of machinery (NACE 33)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 2,399 companies (NACE 33, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 1.8%lowest value
02-2026: 1.9%▲ +0.1 percentage points vs 01-2026
03-2026: 1.9%● unchanged vs 02-2026
04-2026: 2.4%▲ +0.5 percentage points vs 03-2026
05-2026: 2.4%● unchanged vs 04-2026
06-2026: 2.7%▲ +0.3 percentage points vs 05-2026
07-2026: 2.9%▲ +0.2 percentage points vs 06-2026
08-2026: 3.0%▲ +0.1 percentage points vs 07-2026
09-2026: 3.7%▲ +0.7 percentage points vs 08-2026
10-2026: 3.6%▼ -0.1 percentage points vs 09-2026
11-2026: 3.8%▲ +0.2 percentage points vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Founded in 2024
Negative equity -€9,692
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
Sector: Repair, maintenance and installation of machinery and equipment (NACE 33)
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 33, micro). It does better than 6% of them on solvency, 6% on liquidity and 4% on profitability.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 1,322 companies had the same profile as Splash has now. Each dot stands for 4 companies, two years later.
90.2%
were still trading
5.5%
stopped another way
4.2%
went bankrupt
That fits the bankruptcy probability of Splash itself: 3.8% 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 1,322 companies, not a prediction for Splash. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.2, below 1. Short-term debt is 120.1% and cash 7.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
31 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- VAN DEN MUYSENBERGH-DE HONDT Eric Stefaan Alfons founderdeed of 09-12-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1017004121
Incorporation
Founder: VAN DEN MUYSENBERGH-DE HONDT Eric Stefaan Alfons · 100 shares · published on 09-12-2024 · Gazette deed
First establishment
Foxemaatstraat 135, Kalmthout
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Splash Kalmthout | €48,113 | €14,496 | -20.1% | - |
| MJ Construct Mol | €44,504 | €13,116 | 13.5% | - |
| Willems Equipment Olen | €45,385 | €9,688 | 52.4% | - |
| Lambrechts Technics Brecht | €35,180 | €13,510 | 79.8% | - |
| DMT Herentals | €35,596 | €16,989 | 44.9% | - |
| TODB Sint-Katelijne-Waver | €32,525 | €13,195 | 33.6% | - |
| Maxmotors Zulte | €39,569 | €18,795 | 28.9% | - |
These companies have the same main activity as Splash: repair and maintenance of machinery (NACE 33120). They are comparable in size and age: total assets between €32,500 and €45,400, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 05-12-2024Normal situation
- Activity
- Repair and maintenance of machineryNACE 33120
- Establishment unit
- 2.367.158.5042920 Kalmthout, since 05-12-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 23-01-2025
Insights on Splash
The computed 12-month bankruptcy probability of Splash is 3.8% (moderate). The 2025 annual accounts show negative equity (-€9,692) and a net result of -€11,692.
Its solvency ranks better than 5% of 601 sector peers (NACE 33, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
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 Splash
- What is the company number of Splash?
- The company number of Splash is 1017.004.121. The VAT number is the same number with BE in front: BE 1017.004.121.
- Where is Splash based?
- The registered office is at Foxemaatstraat 135, 2920 Kalmthout.Company details
- What does Splash do?
- According to the KBO register, the main activity is repair and maintenance of machinery (NACE 33120).
- What is the legal form of Splash?
- Splash is a private limited company (BV).
- When was Splash founded?
- Splash was founded on 05-12-2024.
- Is Splash still active?
- Yes, Splash is an active enterprise in the KBO register.
- What is the turnover of Splash?
- The turnover in financial year 2025 is ≈ €98,000. This figure is estimated from the gross margin of €14,496 and 2,728 comparable companies of the same size. It probably lies between €41,000 and €250,000. It is a rough estimate.Financials
- Is Splash profitable?
- In financial year 2025, Splash made a loss of €11,692.
- Where can I find the annual accounts of Splash?
- Splash filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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