Splendid
ActiveSummary
Splendid has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59.8m and a net result of €655,573. Equity is growing by ~30.4% per year across the filed fiscal years. Its solvency ranks better than 91% of 462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+16
Solvency100=
Growth77▲+9
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160,000 at 30 days acceptable
Liquidity short (current ratio 0.42 against 0.46 in 2024; short-term debt: 5.8% and cash: 0.2% of total assets), and 15.8% 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 · 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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
84.2%
Return on assets
0.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
24 d early
2024
37 d early
2023
23 d early
2022
4 d early
2021
19 d early
2020
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#1 company by total assets in Oudsbergen#1 company by equity in Oudsbergen, Administrative and support services sector
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€1.7m▼ 4.5%
2024 · €1.8m
EBIT margin
55.4%▲ 6.9pp
2024 · 48.5%
Net result
€655,573
2024 · -€754,243
Working capital
-€2.4m▼ 12.7%
2024 · -€2.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.2m€1.6m▲ 34.0%€1.8m▲ 12.6%€1.7m▼ 4.5%
Operating result€262,372▼ 20.4%€1.1m▲ 312%€1.6m▲ 44.4%€861,236▼ 44.8%€940,049▲ 9.2%
Net result€61,795▼ 49.0%€3.9m▲ 6,225%€1.2m▼ 70.0%-€754,243€655,573
EBIT margin91.8%99.0%▲ 7.1pp48.5%▼ 50.5pp55.4%▲ 6.9pp
Equity€12.3m▲ 0.5%€23.2m▲ 88.9%€29.9m▲ 29.0%€59.1m▲ 97.8%€59.8m▲ 1.1%
Total assets€26.9m▲ 5.7%€27.5m▲ 2.1%€34.3m▲ 25.0%€63.4m▲ 84.7%€71.1m▲ 12.0%
Debt€14.6m▲ 10.6%€4.3m▼ 70.7%€4.4m▲ 3.4%€4.3m▼ 3.7%€11.2m▲ 164%
Working capital€209,118▲ 259%-€2.1m-€1.4m▲ 29.9%-€2.1m▼ 48.8%-€2.4m▼ 12.7%
Staff (FTE)2.62.3▼ 11.5%2.7▲ 17.4%3.6▲ 33.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71.1m
Fixed assets
€69.3m ▲ 12.6%
Current assets
€1.7m ▼ 6.5%
Equity and liabilities €71.1m
Equity
€59.8m ▲ 1.1%
Debt
€11.2m ▲ 164%
Debt's share of the balance-sheet total rises from 6.7% to 15.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€988,845▲
2024 · €915,849
Cash flow
€704,369▲
2024 · -€699,631
Current ratio
0.42▼
2024 · 0.46
Debt to equity
0.19▲
2024 · 0.07
ROE
1.1%▲
2024 · -1.3%
ROA
0.9%▲
2024 · -1.2%
Interest coverage
3836.45▲
2024 · 3.39
Debt ≤ 1 year
€4.1m▲
2024 · €4.0m
Debt > 1 year
€7.1m
Income taxes
€53,144▲
2024 · €5,876
Staff costs
€261,774▲
2024 · €203,256
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €350,426 | €1.9m | €2.5m | €1.9m | €1.9m | ▼ 0.3% |
| Turnover70 | - | €1.2m | €1.6m | €1.8m | €1.7m | ▼ 4.5% |
| Other operating income74 | €350,426 | €112,457 | €96,173 | €86,210 | €75,870 | ▼ 12.0% |
| Non-recurring operating income76A | - | €632,244 | €790,129 | - | €83,276 | - |
| Operating charges60/66A | €88,054 | €840,568 | €902,579 | €1.0m | €915,297 | ▼ 8.5% |
| Services and other goods61 | €86,582 | €647,141 | €657,160 | €737,093 | €599,177 | ▼ 18.7% |
| Remuneration, social security and pensions62 | €543 | €174,885 | €183,699 | €203,256 | €261,774 | ▲ 28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €12,517 | €43,249 | €54,613 | €48,796 | ▼ 10.7% |
| Other operating charges640/8 | €930 | €6,025 | €17,745 | €5,373 | €5,549 | ▲ 3.3% |
| Non-recurring operating charges66A | - | - | €727 | - | - | - |
| Operating profit (loss)9901 | €262,372 | €1.1m | €1.6m | €861,236 | €940,049 | ▲ 9.2% |
| Financial income75/76B | - | €3.0m | €9,126 | €12,599 | €278,432 | ▲ 2,110% |
| Recurring financial income75 | - | €3.0m | €9,126 | €12,599 | €278,432 | ▲ 2,110% |
| Income from financial fixed assets750 | - | €3.0m | - | - | - | - |
| Income from current assets751 | - | - | €9,126 | €12,597 | €8,423 | ▼ 33.1% |
| Other financial income752/9 | - | - | - | €2 | €270,009 | ▲ 13,568,204% |
| Financial charges65/66B | €178,971 | €66,673 | €224,000 | €1.6m | €509,764 | ▼ 68.6% |
| Recurring financial charges65 | €178,971 | €66,673 | €224,000 | €270,315 | €258 | ▼ 99.9% |
| Debt charges650 | €145,547 | €66,423 | €223,706 | €270,009 | - | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | €29,203 | - | - | - | - | - |
| Other financial charges652/9 | €4,221 | €250 | €294 | €306 | €258 | ▼ 15.8% |
| Non-recurring financial charges66B | - | - | - | €1.4m | €509,506 | ▼ 62.3% |
| Profit (loss) for the period before taxes9903 | €83,401 | €4.0m | €1.3m | -€748,367 | €708,717 | ▲ 195% |
| Income taxes67/77 | €21,607 | €104,751 | €172,606 | €5,876 | €53,144 | ▲ 804% |
| Taxes670/3 | €21,607 | €104,751 | €172,606 | €5,876 | €53,144 | ▲ 804% |
| Tax adjustments and reversals of tax provisions77 | - | - | €0 | - | - | - |
| Profit (loss) for the period9904 | €61,795 | €3.9m | €1.2m | -€754,243 | €655,573 | ▲ 187% |
| Profit (loss) for the period to be appropriated9905 | €61,795 | €3.9m | €1.2m | -€754,243 | €655,573 | ▲ 187% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26.9m | €27.5m | €34.3m | €63.4m | €71.1m | ▲ 12.0% |
| Fixed assets21/28 | €26.0m | €25.2m | €31.6m | €61.6m | €69.3m | ▲ 12.6% |
| Intangible fixed assets21 | - | - | €25,395 | €20,298 | €52,639 | ▲ 159% |
| Tangible fixed assets22/27 | €212,645 | €203,679 | €253,793 | €253,437 | €179,100 | ▼ 29.3% |
| Land and buildings22 | €150,707 | €150,707 | €97,571 | €97,571 | €97,571 | = |
| Furniture and vehicles24 | €61,938 | €52,972 | €156,222 | €119,622 | €81,529 | ▼ 31.8% |
| Assets under construction and advance payments27 | - | - | - | €36,243 | - | - |
| Financial fixed assets28 | €25.8m | €25.0m | €31.3m | €61.3m | €69.1m | ▲ 12.7% |
| Affiliated companies280/1 | €25.8m | €25.0m | €31.3m | €61.3m | €69.1m | ▲ 12.7% |
| Participating interests280 | €25.8m | €25.0m | €31.3m | €61.3m | €69.1m | ▲ 12.7% |
| Current assets29/58 | €920,483 | €2.2m | €2.8m | €1.9m | €1.7m | ▼ 6.5% |
| Amounts receivable within one year40/41 | €403,287 | €2.0m | €2.4m | €1.7m | €1.6m | ▼ 7.0% |
| Trade receivables40 | €342,787 | €1.4m | €954,123 | €707,054 | €675,551 | ▼ 4.5% |
| Other amounts receivable41 | €60,500 | €689,101 | €1.4m | €990,114 | €902,998 | ▼ 8.8% |
| Cash at bank and in hand54/58 | €517,196 | €183,631 | €359,428 | €123,429 | €126,955 | ▲ 2.9% |
| Deferred charges and accrued income490/1 | - | - | €26,626 | €30,372 | €25,923 | ▼ 14.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26.9m | €27.5m | €34.3m | €63.4m | €71.1m | ▲ 12.0% |
| Equity10/15 | €12.3m | €23.2m | €29.9m | €59.1m | €59.8m | ▲ 1.1% |
| Contributions10/11 | €11.2m | €11.5m | €17.1m | €47.1m | €47.1m | = |
| Reserves13 | €210,926 | €277,082 | €277,081 | €277,081 | €277,081 | = |
| Non-distributable reserves130/1 | €47,996 | €59,542 | €59,542 | €59,542 | €59,542 | = |
| Reserves not available under the articles1311 | €47,996 | €59,542 | €59,542 | €59,542 | €59,542 | = |
| Tax-exempt reserves132 | €29,275 | €29,275 | €29,275 | €29,275 | €29,275 | = |
| Distributable reserves133 | €133,656 | €188,265 | €188,265 | €188,265 | €188,265 | = |
| Profit (loss) carried forward14 | €885,923 | €11.4m | €12.5m | €11.8m | €12.4m | ▲ 5.6% |
| Amounts payable17/49 | €14.6m | €4.3m | €4.4m | €4.3m | €11.2m | ▲ 164% |
| Amounts payable after more than one year17 | €13.9m | - | - | - | €7.1m | - |
| Financial debts170/4 | €13.9m | - | - | - | €7.1m | - |
| Other loans174 | €13.9m | - | - | - | €7.1m | - |
| Amounts payable within one year42/48 | €711,365 | €4.3m | €4.2m | €4.0m | €4.1m | ▲ 3.8% |
| Trade debts44 | €4,502 | €108,214 | €112,146 | €148,800 | €48,096 | ▼ 67.7% |
| Suppliers440/4 | €4,502 | €108,214 | €112,146 | €148,800 | €48,096 | ▼ 67.7% |
| Taxes, remuneration and social security45 | €19,149 | €178,138 | €223,393 | €80,800 | €158,969 | ▲ 96.7% |
| Taxes450/3 | €19,149 | €147,784 | €196,272 | €48,572 | €121,768 | ▲ 151% |
| Remuneration and social security454/9 | - | €30,354 | €27,121 | €32,228 | €37,201 | ▲ 15.4% |
| Other amounts payable47/48 | €687,714 | €4.0m | €3.9m | €3.8m | €3.9m | ▲ 4.7% |
| Accrued charges and deferred income492/3 | €33,588 | - | €223,706 | €270,009 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,795 | €3.9m | €1.2m | -€754,243 | €655,573 | ▲ 187% |
| + Depreciation and write-downs630 | - | €12,517 | €43,249 | €54,613 | €48,796 | ▼ 10.7% |
| Operating cash flow (approximation) | €61,795 | €3.9m | €1.2m | -€699,631 | €704,369 | ▲ 201% |
| Investment in fixed assets (approximation) | - | €724,205 | -€6.4m | -€30.0m | -€7.8m | ▲ 74.0% |
| Change in cash | - | -€333,565 | €175,797 | -€235,999 | €3,526 | ▲ 101% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
09-03
State Gazette act
General meeting · Director reappointment
Permanent representative · Auditor reappointment
2025
31-12
Financial
Back to profitnet €655,573
Net result €655,573 after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
01-04
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
2024
31-12
Financial
Weakest financial yearnet -€754,243
Net result drops to -€754,243, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €50mEq €59.1m ▲97.8%
Equity rises from €29.9m to €59.1m.
19-07
State Gazette act
General meeting · Merger
Dissolution · Share cancellation · HOUBEN Herbert
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €25mEq €29.9m ▲29%
6 profitable years in a row build equity to €29.9m.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Show earlier events
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
2022
31-12
Financial
Highest result since 2018net €3.9m ▲6,225%
Net result €3.9m, the highest in the series.
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
02-05
State Gazette act
Board meeting · Power of attorney
Demerger · Capital
07-02
State Gazette act
General meeting · Director appointment
Permanent representative · Mandate compensation
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-04
State Gazette act
General meeting · Director appointment
Board meeting · Director resignation
09-03
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
2018
13-12
State Gazette act
General meeting · Director reappointment
Permanent representative · Director resignation
2015
02-04
State Gazette act
Board meeting · Director appointment
Mandate compensation · Permanent representative
2014
19-11
State Gazette act
Board meeting · Merger
Capital · Accounting effect
04-06
State Gazette act
Board meeting · Merger
Capital · Accounting effect
2010
12-07
State Gazette act
General meeting · Net-asset statement
Share issue · Share transfer · Herbert HOUBEN
2008
15-12
State Gazette act
General meeting · Director appointment
Permanent representative · Auditor appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 acts for this company are 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, Oudsbergen · 1 establishment unit since 1947
Ground area
1.7 ha
Building footprint
9,314 m²
Volume, LiDAR
53,798 m³
2 parcels, Flanders · tallest building 31.6 m, ±9 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Frankrijklei 112, 2000 Antwerpen
since 19472.011.576.991
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71562B0905/00L006 | Flanders | 1.7 ha | 1 · 8,655 m² | 8.5 m · 2 fl. |
| 11803C0380/00K003 | Flanders | 659 m² | 1 · 659 m² | 31.6 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Heads the group
Splendid
10 companies
Group, risk and exposure
Owners and holdings
10 holdings · 25 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 10
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
37.5%
-
0.04%
All subsidiaries, including indirect ones 25
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
BABECO 100%1 subsidiary
- KINGREAL COMPANY 100%
- Belux 100%
KREON 100%13 subsidiaries
- Kerong Lighting Equipment ltd 100%
- Kreon Aps 100%
- Kreon Architectural Lighting ltd 100%
- Kreon Austria 100%
- Kreon Aydinlatma 100%
- Kreon Brasil 100%
- Kreon Bulgaria EOOD 100%
- Kreon France 100%
- Kreon Gmbh 100%
- Kreon illuminacion Tecnica S.L. 100%
- Kreon INC 100%
- Kreon NL 100%
- Kreon SRL 100%
LIMEPARTS 100%2 subsidiaries
- Lomax Systems BV 100%
- DROOGHMANS 99.96%
- LMP IMMO 100%
- PROJECT STADSGRAAF 100%
- Tattenejum 100%
VI SOLAR INVEST 100%1 subsidiary
- VI Solar Invest NL 100%
According to the 2025 annual accounts of Splendid and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
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Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
Acquisitions and mergers
1 transactionReceived in a demerger part of:BABECO
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Identification & contact
Identification
Legal formPrivate limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
81100Combined facilities support activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0404107245
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.