Equity
-€9,692
Debts exceed assets in financial year 2025.
Splash
Overview
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.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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
Annual accounts 2025
- €14,496
- ≈ €98,000estimated
- €11,692
- -€9,692
- €48,113
- Filing
- Filed on 31-08-2026
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.
Financials
Annual accounts 2025
abbreviated format, filed on 31-08-2026, 31 days late€14,496
-€11,520
-€11,692
-€46,245
-20.1%
0.20
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €98,000. Estimated: probably between €41,000 and €250,000.
Balance sheet
balance sheet total €48,113 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
-20.1%
Higher than 5% of 601 companies in 2025.
0.20
Lower than 95% of 591 companies in 2025.
-24.3%
Lower than 95% of 596 companies in 2025.
Splash
Middle half of the sector
80% of the sector
Abbreviated accounts in repair and installation of machinery (NACE 33)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
48,113 | |
21/28 |
36,553 | |
22/27 |
36,553 | |
24 |
36,553 | |
29/58 |
11,561 | |
40/41 |
7,865 | |
40 |
7,865 | |
54/58 |
3,696 | |
| Balance sheet: equity and liabilities | ||
10/49 |
48,113 | |
10/15 |
-9,692 | |
10/11 |
2,000 | |
10 |
2,000 | |
100 |
2,000 | |
14 |
-11,692 | |
17/49 |
57,805 | |
42/48 |
57,805 | |
44 |
1,379 | |
440/4 |
1,379 | |
45 |
2,924 | |
450/3 |
1,590 | |
454/9 |
1,335 | |
47/48 |
53,502 | |
| Income statement | ||
9900 |
14,496 | |
630 |
9,851 | |
640/8 |
16,165 | |
9901 |
-11,520 | |
65/66B |
172 | |
65 |
172 | |
9903 |
-11,692 | |
9904 |
-11,692 | |
9905 |
-11,692 | |
| Appropriation of the result | ||
9906 |
-11,692 | |
| Document | ||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00502027.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00502027 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| -1,669 | ||
| -1,841 | ||
| 46,404 | ||
| -46,245 | ||
| -20.1% | ||
| 0.20 | ||
| -24.3% | ||
| -9.70 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €46,404 |
| €9,851 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on Splash
Equity is negative. Debt (€57,805) exceeds the balance-sheet total (€48,113).
Board & ownership
Board
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Het dagelijks bestuur omvat zowel de handelingen en beslissingen die niet verder reiken dan de behoeften van het dagelijkse leven van de…”deed of 09-12-2024
Control
Founder
VAN DEN MUYSENBERGH-DE HONDT Eric Stefaan Alfons
This company
Splash
Equity -€9,692
Loss €11,692 in 2025
Capital
- Contribution
- €2,000
- Shares
- 100
- Contribution per share
- €20
- Equity per share
- -€96.92 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 09-12-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Wednesday of June at 14:00
Founder
At incorporation
deed of 09-12-2024 ↗
- VAN DEN MUYSENBERGH-DE HONDT Eric Stefaan Alfons sole founder · 100% at incorporation
Network & group
No group
Splash has no parent and no holdings in its annual accounts.
Connections & network
See the function holders in the KBO register.
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBabbreviated format · 31 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1017004121
2024
IncorporationFounder: VAN DEN MUYSENBERGH-DE HONDT Eric Stefaan Alfons · 100 shares · published on 09-12-20243 points ▸
- Founder, VAN DEN MUYSENBERGH-DE HONDT Eric Stefaan Alfons
- Power of attorney, COREMANS Ruth Tine Cyriel
- 100 shares
- The deed holds 1 more point.
First establishment Foxemaatstraat 135, Kalmthout
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1017.004.121
- VAT number
- BE 1017.004.121
- Peppol ID
- 0208:1017004121
- Other Peppol ID
- 9925:BE1017004121
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 05-12-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Wednesday of June at 14:00deed of 09-12-2024 (in Dutch)
- Peppol
- Reachable since 23-01-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Splash in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 09-12-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 09-12-2024 (in Dutch)
Activities
NACEBEL 202533120
Repair and maintenance of machinery main activity
Codes under NACEBEL 2008
33120
Repair, maintenance and installation of machinery and equipment main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Algemene karweiwerken; Renovatiewerken; Bestratingswerken; Plaatsen afsluitingen; Algemene bouwwerken, onderhoud en aanleg van tuinen…”deed of 09-12-2024 (in Dutch)
11 activities
- Algemene karweiwerken
- Renovatiewerken
- Bestratingswerken
- Plaatsen afsluitingen
- Algemene bouwwerken, onderhoud en aanleg van tuinen, onderhoud en herstelling van materiaal en machines
- Onder eender welke vorm, participaties te verwerven en aan te houden in vennootschappen en ondernemingen
- Het deelnemen in of de directie voeren over andere vennootschappen en ondernemingen; het management en het bestuur van om het even welke ondernemingen en vennootschappen; het optreden als vereffenaar
- Het verlenen van technische, administratieve of commerciële bijstand aan alle Belgische en buitenlandse ondernemingen; het verlenen van financiële bijstand
- Haar patrimonium, bestaande uit onroerende en roerende goederen en rechten, te behouden, in de ruimste zin van het woord te beheren en oordeelkundig uit te breiden; alle onroerende verrichtingen, inclusief onroerende leasing
- De aankoop, verhuur, onderhoud en verkoop van alle roerende goederen – desgevallend ten behoeve van eigen handelsverrichtingen of voor handelsverrichtingen van derden – zoals alle soorten materieel, gereedschappen, machines, installaties en computers, soft- en hardware
- Het aanvragen, verwerven, verhandelen en exploiteren van licenties, octrooien, merken en dergelijke
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Foxemaatstraat 135 registered office 2920 Kalmthout 3312003 Repair and maintenance of machinery | 05-12-2024 | 2.367.158.504 |
Buildings and parcels at the address
- Ground area
- 1,936 m²
- Buildings
- 258 m²
- Volume, LiDAR
- 1,241 m³
- Tallest building
- 9.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11662D0722/00F002 | 1,936 m² | 1 · 258 m² | 9.8 m · 2 |