Splendid
ActiveSummary
Splendid has been active since 1968 and the Belgian Official 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 about 30% per year across the filed financial years. Its solvency ranks better than 89% of 543 sector peers (NACE 81, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Financials · financial year 2025, full format, standalone 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
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 9% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€1.7m
2025
Operating result€0.9m
2025
Net result€0.7m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€71.1m
2025
Equity€59.8m
2025
Debt€11.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€2.4m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin55.4%
2025
Return on assets (ROA)0.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency84.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.42
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)3.6
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 81, Services to buildings and landscape activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0-€0€0€1.2m€1.6m▲ 34.0%€1.8m▲ 12.6%€1.7m▼ 4.5%
Operating result€0.3m-€0.3m▼ 1.3%€0.2m▼ 41.5%€0.3m▲ 36.0%€1.1m▲ 312%€1.6m▲ 44.4%€0.9m▼ 44.8%€0.9m▲ 9.2%
Net result€0.1m-€0.1m▲ 9.3%€0.03mwithin the sector's middle half▼ 73.2%€0.06mwithin the sector's middle half▲ 89.9%€3.9mabove the sector's middle half▲ 63×€1.2mabove the sector's middle half▼ 70.0%-€0.8mbelow the sector's middle half€0.7mabove the sector's middle half
EBIT margin91.8%99.0%▲ 7.1pp48.5%▼ 50.5pp55.4%▲ 6.9pp
Equity€12.1m-€12.2m▲ 1.0%€12.2mabove the sector's middle half▲ 0.3%€12.3mabove the sector's middle half▲ 0.5%€23.2mabove the sector's middle half▲ 88.9%€29.9mabove the sector's middle half▲ 29.0%€59.1mabove the sector's middle half▲ 97.8%€59.8mabove the sector's middle half▲ 1.1%
Total assets€24.3m-€23.8m▼ 2.0%€25.4mabove the sector's middle half▲ 6.7%€26.9mabove the sector's middle half▲ 5.7%€27.5mabove the sector's middle half▲ 2.1%€34.3mabove the sector's middle half▲ 25.0%€63.4mabove the sector's middle half▲ 84.7%€71.1mabove the sector's middle half▲ 12.0%
Debt€12.2m-€11.7m▼ 4.9%€13.2m▲ 13.5%€14.6m▲ 10.6%€4.3m▼ 70.7%€4.4m▲ 3.4%€4.3m▼ 3.7%€11.2m▲ 164%
Working capital-€0.2m--€0.08m▲ 62.2%€0.1mwithin the sector's middle half€0.2mwithin the sector's middle half▲ 112%-€2.1mbelow the sector's middle half-€1.4mbelow the sector's middle half▲ 29.9%-€2.1mbelow the sector's middle half▼ 48.8%-€2.4mbelow the sector's middle half▼ 12.7%
Solvency49.6%-51.1%▲ 1.5pp48.0%within the sector's middle half▼ 3.1pp45.6%within the sector's middle half▼ 2.4pp84.4%above the sector's middle half▲ 38.8pp87.1%above the sector's middle half▲ 2.7pp93.3%above the sector's middle half▲ 6.2pp84.2%above the sector's middle half▼ 9.1pp
Current ratio0.78-0.66▼ 0.111.53within the sector's middle half▲ 0.871.29within the sector's middle half▼ 0.240.52below the sector's middle half▼ 0.770.66below the sector's middle half▲ 0.140.46below the sector's middle half▼ 0.190.42below the sector's middle half▼ 0.05
Return on assets (ROA)0.5%-0.5%▲ 0.1pp0.1%within the sector's middle half▼ 0.4pp0.2%below the sector's middle half▲ 0.1pp14.2%above the sector's middle half▲ 14.0pp3.4%within the sector's middle half▼ 10.8pp-1.2%below the sector's middle half▼ 4.6pp0.9%within the sector's middle half▲ 2.1pp
Staff (FTE)0-00below the sector's middle half2.6below the sector's middle half2.3below the sector's middle half▼ 11.5%2.7below the sector's middle half▲ 17.4%3.6within the sector's middle half▲ 33.3%
above
within
below
the middle half of NACE 81, Services to buildings and landscape activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2023 Net result -70% on 2022. Part of BAВЕСО received in a demerger, Official Gazette 26-01-2023.
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
Debt to equity
0.19▲
2024 · 0.07
ROE
1.1%▲
2024 · -1.3%
Interest coverage
over 100▲
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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €0.4m | €1.9m | €2.5m | €1.9m | €1.9m | ▼ 0.3% |
| Turnover70 | €0 | €0 | €0 | - | €1.2m | €1.6m | €1.8m | €1.7m | ▼ 4.5% |
| Other operating income74 | - | - | - | €0.4m | €0.1m | €0.1m | €0.09m | €0.08m | ▼ 12.0% |
| Non-recurring operating income76A | - | - | - | - | €0.6m | €0.8m | - | €0.08m | - |
| Operating charges60/66A | - | - | - | €0.09m | €0.8m | €0.9m | €1.0m | €0.9m | ▼ 8.5% |
| Services and other goods61 | - | - | - | €0.09m | €0.6m | €0.7m | €0.7m | €0.6m | ▼ 18.7% |
| Remuneration, social security and pensions62 | - | - | - | €0.001m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.04m | €0.03m | - | €0.01m | €0.04m | €0.05m | €0.05m | ▼ 10.7% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.006m | €0.02m | €0.005m | €0.006m | ▲ 3.3% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.001m | - | - | - |
| Operating profit (loss)9901 | €0.3m | €0.3m | €0.2m | €0.3m | €1.1m | €1.6m | €0.9m | €0.9m | ▲ 9.2% |
| Financial income75/76B | - | - | - | - | €3.0m | €0.009m | €0.01m | €0.3m | ▲ 22× |
| Recurring financial income75 | €0 | €0 | €0 | - | €3.0m | €0.009m | €0.01m | €0.3m | ▲ 22× |
| Income from financial fixed assets750 | - | - | - | - | €3.0m | - | - | - | - |
| Income from current assets751 | - | - | - | - | - | €0.009m | €0.01m | €0.008m | ▼ 33.1% |
| Other financial income752/9 | - | - | - | - | - | - | €2 | €0.3m | ▲ 135,683× |
| Financial charges65/66B | - | - | - | €0.2m | €0.07m | €0.2m | €1.6m | €0.5m | ▼ 68.6% |
| Recurring financial charges65 | €0.2m | €0.2m | €0.1m | €0.2m | €0.07m | €0.2m | €0.3m | €258 | ▼ 99.9% |
| Debt charges650 | €0.2m | €0.2m | €0.1m | €0.1m | €0.07m | €0.2m | €0.3m | - | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | €0.03m | - | - | - | - | - |
| Other financial charges652/9 | - | - | - | €0.004m | €250 | €294 | €306 | €258 | ▼ 15.8% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €1.4m | €0.5m | ▼ 62.3% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.2m | €0.05m | €0.08m | €4.0m | €1.3m | -€0.7m | €0.7m | - |
| Income taxes67/77 | €0.05m | €0.05m | €0.01m | €0.02m | €0.1m | €0.2m | €0.006m | €0.05m | ▲ 804% |
| Taxes670/3 | - | - | - | €0.02m | €0.1m | €0.2m | €0.006m | €0.05m | ▲ 804% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | €0 | - | - | - |
| Profit (loss) for the period9904 | €0.1m | €0.1m | €0.03m | €0.06m | €3.9m | €1.2m | -€0.8m | €0.7m | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.1m | €0.03m | €0.06m | €3.9m | €1.2m | -€0.8m | €0.7m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €24.3m | €23.8m | €25.4m | €26.9m | €27.5m | €34.3m | €63.4m | €71.1m | ▲ 12.0% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €23.6m | €23.7m | €25.2m | €26.0m | €25.2m | €31.6m | €61.6m | €69.3m | ▲ 12.6% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | €0.03m | €0.02m | €0.05m | ▲ 159% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.2m | ▼ 29.3% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | = |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.05m | €0.2m | €0.1m | €0.08m | ▼ 31.8% |
| Assets under construction and advance payments27 | - | - | - | - | - | - | €0.04m | - | - |
| Financial fixed assets28 | €23.4m | €23.5m | €25.0m | €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 | €0.7m | €0.1m | €0.3m | €0.9m | €2.2m | €2.8m | €1.9m | €1.7m | ▼ 6.5% |
| Amounts receivable within one year40/41 | €0.7m | €0.1m | €0.3m | €0.4m | €2.0m | €2.4m | €1.7m | €1.6m | ▼ 7.0% |
| Trade receivables40 | - | - | - | €0.3m | €1.4m | €1.0m | €0.7m | €0.7m | ▼ 4.5% |
| Other amounts receivable41 | - | - | - | €0.06m | €0.7m | €1.4m | €1.0m | €0.9m | ▼ 8.8% |
| Cash at bank and in hand54/58 | €0.03m | €0.04m | €0.002m | €0.5m | €0.2m | €0.4m | €0.1m | €0.1m | ▲ 2.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.03m | €0.03m | €0.03m | ▼ 14.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €24.3m | €23.8m | €25.4m | €26.9m | €27.5m | €34.3m | €63.4m | €71.1m | ▲ 12.0% |
| Equity10/15 | €12.1m | €12.2m | €12.2m | €12.3m | €23.2m | €29.9m | €59.1m | €59.8m | ▲ 1.1% |
| Contributions10/11 | €11.2m | €11.2m | - | €11.2m | €11.5m | €17.1m | €47.1m | €47.1m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves not available under the articles1311 | - | - | - | €0.05m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Tax-exempt reserves132 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | €0.7m | €0.8m | €0.8m | €0.9m | €11.4m | €12.5m | €11.8m | €12.4m | ▲ 5.6% |
| Amounts payable17/49 | €12.2m | €11.7m | €13.2m | €14.6m | €4.3m | €4.4m | €4.3m | €11.2m | ▲ 164% |
| Amounts payable after more than one year17 | €11.2m | €11.4m | €13.0m | €13.9m | - | - | - | €7.1m | - |
| Financial debts170/4 | - | - | - | €13.9m | - | - | - | €7.1m | - |
| Other loans174 | - | - | - | €13.9m | - | - | - | €7.1m | - |
| Amounts payable within one year42/48 | €0.9m | €0.2m | €0.2m | €0.7m | €4.3m | €4.2m | €4.0m | €4.1m | ▲ 3.8% |
| Trade debts44 | €174 | €0.002m | €0.002m | €0.005m | €0.1m | €0.1m | €0.1m | €0.05m | ▼ 67.7% |
| Suppliers440/4 | - | - | - | €0.005m | €0.1m | €0.1m | €0.1m | €0.05m | ▼ 67.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.2m | €0.2m | €0.08m | €0.2m | ▲ 96.7% |
| Taxes450/3 | - | - | - | €0.02m | €0.1m | €0.2m | €0.05m | €0.1m | ▲ 151% |
| Remuneration and social security454/9 | - | - | - | - | €0.03m | €0.03m | €0.03m | €0.04m | ▲ 15.4% |
| Other amounts payable47/48 | - | - | - | €0.7m | €4.0m | €3.9m | €3.8m | €3.9m | ▲ 4.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | - | €0.2m | €0.3m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.1m | €0.03m | €0.06m | €3.9m | €1.2m | -€0.8m | €0.7m | - |
| + Depreciation and write-downs630 | €0.04m | €0.04m | €0.03m | - | €0.01m | €0.04m | €0.05m | €0.05m | ▼ 10.7% |
| Operating cash flow (approximation) | €0.2m | €0.2m | €0.06m | €0.06m | €3.9m | €1.2m | -€0.7m | €0.7m | - |
| Investment in fixed assets (approximation) | - | -€0.1m | -€1.5m | -€0.8m | €0.7m | -€6.4m | -€30.0m | -€7.8m | ▲ 74.0% |
| Change in cash | - | €0.01m | -€0.04m | €0.5m | -€0.3m | €0.2m | -€0.2m | €0.004m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 53 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 07-07-2026 | 2026-00268147 |
| 31-12-2024 | consolidated | 27-05-2026 | 2026-00124434 |
| 31-12-2024 | full format | 24-06-2025 | 2025-00183675 |
| 31-12-2023 | consolidated | 01-04-2025 | 2025-00062096 |
| 31-12-2023 | full format | 08-07-2024 | 2024-00228327 |
| 31-12-2022 | full format | 10-08-2023 | 2023-00325554 |
| 31-12-2022 | consolidated | 27-07-2023 | 2023-00278687 |
| 31-12-2021 | consolidated | 24-10-2022 | 2022-20471898 |
| 31-12-2021 | full format | 12-07-2022 | 2022-20180107 |
| 31-12-2020 | full format | 06-07-2021 | 2021-31400460 |
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Of the 1,263 active companies whose main activity is combined facilities support activities (NACE 81100), figures are known for 682. 67 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.