Checked.be
Active
BE 0806.361.196Private limited company
SPLEND-it ID!
Pastorijstraat 6 ·2580 Putte, Belgium· 17 yrs active
Sector: Public relations and communication consultancy
(73300)
Conclusion
SPLEND-it ID! has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €204k and a net result of €93k. Equity is shrinking by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 48% of 218 sector peers (fiscal year 2023). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €204k |
| Net result | €93k |
| Better than sector | 48% |
| Active | 17 yrs |
Financial profile
81
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
71
Profitability
100
Solvency
77
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2008, 17 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
71
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€14k
estimate, not credit advice
Score history
75
2019
52
2020
69
2021
17
2022
71
2023
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.58 (≥ 1.5)
+10
Leverage
Debt/equity 1.36 (< 2.0)
+3
Profitability
ROE 46% (≥ 10%)
+10
Interest coverage
Interest coverage -0.6× (< 1.5×)
-10
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-04-2024 with the NBB · fiscal year 2023 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~22.7%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2023 · NACE 73, Advertising, market research and public relations activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 42.3% | 44.0% | |
| Net result | €93k | €19k | |
| Equity | €204k | €111k | |
| Gross operating margin | €39k | €80k | |
| Staff costs | €0 | €175k |
€-10k
+90.8%
19-23
€93k
-
19-23
€110k
-
19-23
€482k
-44.3%
19-23
€204k
+84.5%
19-23
€161k
+91.3%
19-23
0
-100.0%
19-23
€0
-
19-23
€535
-64.1%
19-23
€0
-100.0%
19-23
€278k
-63.2%
19-23
€278k
-57.8%
19-23
€0
-100.0%
19-23
1.58
+40.1%
19-23
1.00
+90.2%
19-23
42.3%
+231.4%
19-23
1.36
-80.0%
19-23
45.8%
-
19-23
19.4%
-
19-23
-0.63
+92.3%
19-23
Figures by fiscal year and ratios
| Fiscal year | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-10k | €-105k | €51k | €-95k | €78k |
| Net profit | €93k | €-139k | €20k | €-136k | €51k |
| Cash flow | €110k | €-111k | €46k | €-104k | €100k |
| Staff costs | €0 | €-6 | €41k | - | - |
| Income taxes | €535 | €1k | €472 | €-121 | €6k |
| Dividends | €0 | €121k | - | - | - |
| Total assets | €482k | €866k | €1.33M | €1.95M | €2.43M |
| Equity | €204k | €111k | €370k | €350k | €487k |
| Debt | €278k | €755k | €962k | €1.60M | €1.94M |
| of which ≤ 1y | €278k | €659k | €821k | €1.57M | €1.58M |
| of which > 1y | €0 | €96k | €140k | €17k | €52k |
| Working capital | €161k | €84k | €369k | €219k | €669k |
| Employees (FTE) | 0.0 | - | 1.0 | 1.2 | 0.8 |
Ratios (computed)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Current ratio | 1.58 | 1.13 | 1.45 | 1.14 | 1.42 |
| Quick ratio | 1.00 | 0.52 | 0.74 | 0.64 | 0.91 |
| Working capital ratio | 33.5% | 9.7% | 27.7% | 11.2% | 27.6% |
| Solvency | 42.3% | 12.8% | 27.8% | 17.9% | 20.0% |
| Debt / equity | 1.36 | 6.83 | 2.60 | 0.05 | 0.11 |
| Long-term debt ratio | 0.00 | 0.87 | 0.38 | 0.05 | 0.11 |
| Interest coverage | -0.63 | -8.19 | 2.58 | - | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 19.4% | -16.0% | 1.5% | -7.0% | 2.1% |
| ROE | 45.8% | -125.5% | 5.3% | -39.0% | 10.5% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2023
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €482k | €866k | €1.33M | €1.95M | €2.43M |
| Fixed assets | 21/28 | €42k | €122k | €141k | €160k | €180k |
| Intangible fixed assets | 21 | - | - | - | - | €8k |
| Tangible fixed assets | 22/27 | €37k | €116k | €135k | €154k | €167k |
| Financial fixed assets | 28 | €6k | €6k | €6k | €6k | €6k |
| Current assets | 29/58 | €439k | €744k | €1.19M | €1.79M | €2.25M |
| Stocks & contracts in progress | 3 | €163k | €399k | €582k | €791k | €808k |
| Amounts receivable within one year | 40/41 | €261k | €245k | €265k | €865k | €1.32M |
| Cash & bank | 54/58 | €11k | €8k | €251k | €55k | €26k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €482k | €866k | €1.33M | €1.95M | €2.43M |
| Equity | 10/15 | €204k | €111k | €370k | €350k | €487k |
| Contributions / capital | 10/11 | €89k | €89k | €89k | - | €89k |
| Reserves | 13 | €220k | €220k | €347k | €347k | €398k |
| Accumulated profits (losses) | 14 | €-104k | €-198k | €-66k | €-85k | €42k |
| Amounts payable | 17/49 | €278k | €755k | €962k | €1.60M | €1.94M |
| Amounts payable after one year | 17 | €0 | €96k | €140k | €17k | €52k |
| Amounts payable within one year | 42/48 | €278k | €659k | €821k | €1.57M | €1.58M |
| Trade debts payable within one year | 44 | €27k | €275k | €324k | €452k | €1.08M |
| Income statement | ||||||
| Gross operating margin | 9900 | €39k | €-51k | €190k | €-72k | €151k |
| Operating result | 9901 | €-27k | €-133k | €26k | €-127k | €29k |
| Financial income | 75 | €136k | €8k | €14k | €12k | €8k |
| Financial charges | 65 | €15k | €13k | €20k | €22k | €22k |
| Result before taxes | 9903 | €94k | €-137k | €20k | €-137k | €15k |
| Income taxes | 67/77 | €535 | €1k | €472 | €-121 | €6k |
| Net result for the period | 9904 | €93k | €-139k | €20k | €-136k | €9k |
| Result to be appropriated | 9905 | €93k | €-132k | €20k | €-136k | €9k |
Legal Structure
| NACE primary | Public relations and communication consultancy(73300) |
| Legal form | Private limited company(610) |
| Incorporation | 15-09-2008 |
| Status | Active |
| Postal code | 2580 |
Establishment units
Splend-it ID!
since 20082.173.790.388
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029C0630/00C000 | Flanders | 3,496 m² | 1 · 268 m² | 4.6 m |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €93k
Net result €93k after one loss-making year.
30-09
Financial
Equity above €200kEq €204k ▲84.5%
Equity rises from €111k to €204k.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet €-139k ▼801%
Net result drops to €-139k, the lowest in the series; recovery starts the following year.
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 36 days late
2019
01-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
2018
23-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
15-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Activities of head offices; management consultancy activities70210Public relations and communication consultancy73300Other information service activities63920Computing infrastructure, data processing, hosting and other information service activities63990
Names & trade names
| Legal nameNL | SPLEND-it ID! |
| Trade nameNL | BOX&GO |
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