SPLENDID
ActiveSummary
SPLENDID has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.60M and a net result of €702k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 92% of 830 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+65
Solvency100=
Growth60▲+21
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity ample (current ratio 6.42 against 4.26 in 2024; short-term debt: 15.2% and cash: 26.4% of total assets), and 15.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
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
84.6%
Return on assets
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
28 d early
2023
28 d early
2022
20 d early
2021
32 d early
2020
15 d early
2019
28 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€8.22M▲ 22.8%
2024 · €6.69M
2018: €9.85M
2019: €11.13M
2020: €6.86M
2021: €8.38M
2022: €11.67M
2023: €9.00M
2024: €6.69M
2018 → 2025
EBIT margin
8.5%▲ 9.6pp
2024 · -1.0%
2018: 9.8%
2019: 9.7%
2020: 6.5%
2021: 9.1%
2022: 12.5%
2023: 3.8%
2024: -1.0%
2018 → 2025
Net result
€702k
2024 · €-2.43M
2018: €637k
2019: €725k
2020: €305k
2021: €531k
2022: €1.08M
2023: €243k
2024: €-2.43M
2018 → 2025
Working capital
€6.43M▲ 12.4%
2024 · €5.72M
2018: €5.16M
2019: €5.94M
2020: €6.26M
2021: €6.69M
2022: €7.77M
2023: €8.02M
2024: €5.72M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€8.38M-€11.67M▲ 39.3%€9.00M▼ 22.9%€6.69M▼ 25.6%€8.22M▲ 22.8%
Equity€7.00M-€8.08M▲ 15.4%€8.32M▲ 3.0%€5.89M▼ 29.2%€6.60M▲ 11.9%
Operating result€767k-€1.46M▲ 90.9%€340k▼ 76.8%€-69k€701k
Net result€531k-€1.08M▲ 103%€243k▼ 77.5%€-2.43M€702k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €701k after a loss of €69k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.80M
Fixed assets
€187k ▼ 6.4%
Current assets
€7.61M ▲ 1.9%
Equity and liabilities €7.80M
Equity
€6.60M ▲ 11.9%
Debt
€1.20M ▼ 32.3%
Debt's share of the balance-sheet total falls from 23.2% to 15.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€768k▲
2024 · €2k
Cash flow
€769k▲
2024 · €-2.36M
Current ratio
6.42▲
2024 · 4.26
Quick ratio
5.14▲
2024 · 2.75
Debt to equity
0.18▼
2024 · 0.30
ROE
10.6%▲
2024 · -41.2%
ROA
9.0%▲
2024 · -31.6%
Interest coverage
26.79▲
2024 · 0.02
Debt ≤ 1 year
€1.19M▼
2024 · €1.76M
Debt > 1 year
€19k▼
2024 · €24k
Income taxes
€3k▲
2024 · €3k
Staff costs
€1.26M▲
2024 · €1.23M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 75 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.67M€7.80M▲
Fixed assets21/28€200k€187k▼
Tangible fixed assets22/27€200k€187k▼
Land and buildings22€66k€65k▼
Plant, machinery and equipment23€23k€18k▼
Furniture and vehicles24€33k€40k▲
Leasing and similar rights25€76k€64k▼
Current assets29/58€7.47M€7.61M▲
Amounts receivable after more than one year29€600k€600k=
Other amounts receivable291€600k€600k=
Stocks and contracts in progress3€2.65M€1.53M▼
Stocks30/36€2.65M€1.53M▼
Work in progress32€2.65M€1.53M▼
Amounts receivable within one year40/41€3.60M€3.42M▼
Trade receivables40€116k€105k▼
Other amounts receivable41€3.48M€3.31M▼
Cash at bank and in hand54/58€612k€2.06M▲
Deferred charges and accrued income490/1€11k€11k▼
Equity and liabilities
Total equity and liabilities10/49€7.67M€7.80M▲
Equity10/15€5.89M€6.60M▲
Contributions10/11€19k€19k=
Reserves13€8.30M€6.58M▼
Tax-exempt reserves132€17k€17k=
Distributable reserves133€8.29M€6.56M▼
Profit (loss) carried forward14€-2.43M-
Amounts payable17/49€1.78M€1.20M▼
Amounts payable after more than one year17€24k€19k▼
Financial debts170/4€24k€19k▼
Leasing and similar obligations172€24k€19k▼
Amounts payable within one year42/48€1.76M€1.19M▼
Current portion of amounts payable after more than one year42€29k€28k▼
Financial debts43€599k€30k▼
Credit institutions430/8€599k€30k▼
Trade debts44€440k€307k▼
Suppliers440/4€440k€307k▼
Advances received on contracts in progress46€391k€562k▲
Taxes, remuneration and social security45€290k€259k▼
Taxes450/3€90k€66k▼
Remuneration and social security454/9€200k€192k▼
Other amounts payable47/48€6k-
Accrued charges and deferred income492/3€14€14▲
Income statement
Code20242025
Operating income70/76A€6.46M€7.17M▲
Turnover70€6.69M€8.22M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-353k€-1.13M▼
Other operating income74€81k€73k▼
Non-recurring operating income76A€35k€3k▼
Operating charges60/66A€6.53M€6.47M▼
Goods for resale, raw materials and consumables60€4.60M€4.67M▲
Purchases600/8€4.60M€4.67M▲
Services and other goods61€609k€460k▼
Remuneration, social security and pensions62€1.23M€1.26M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€67k▼
Other operating charges640/8€19k€14k▼
Non-recurring operating charges66A€364-
Operating profit (loss)9901€-69k€701k▲
Financial income75/76B€112k€33k▼
Recurring financial income75€112k€33k▼
Income from current assets751€97k€20k▼
Other financial income752/9€15k€14k▼
Financial charges65/66B€2.47M€29k▼
Recurring financial charges65€2.37M€29k▼
Debt charges650€86k€29k▼
Other financial charges652/9€2.28M€689▼
Non-recurring financial charges66B€101k-
Profit (loss) for the period before taxes9903€-2.43M€705k▲
Income taxes67/77€3k€3k▲
Taxes670/3€3k€3k▼
Tax adjustments and reversals of tax provisions77€837-
Profit (loss) for the period9904€-2.43M€702k▲
Profit (loss) for the period to be appropriated9905€-2.43M€702k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.43M€-1.73M▲
Profit (loss) brought forward from the previous period14P-€-2.43M
Transfer from equity791/2-€1.73M
From reserves792-€1.73M
Social balance
Average headcount (FTE)908719.218.9▼
The notes to these accounts (66 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €702k
Net result €702k after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-2.43M ▼1098%
Net result drops to €-2.43M, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €1.08M ▲103%
Operating result €1.46M, net result €1.08M, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Beringen · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Industrieweg 413583 BeringenGround area
3,332 m²
Building footprint
1,127 m²
Volume, LiDAR
5,300 m³
Parcel 71049B1393/00D000, Flanders · tallest building 17.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SPLENDID
since 19892.042.369.345
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71049B1393/00D000 | Flanders | 3,332 m² | 1 · 1,127 m² | 17.6 m · 2 fl. |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Recognised contractor
18 categoriesSPLENDID BV22298
Legal Entity Identifier
967600JYKJJU5HELI157
Similar companies · same sector, comparable size
Entreprises Générales E. DE KEMPENEER - Algemene Ondernemingen E. DE KEMPENEER
BE 0435.918.394
Schaarbeek · Eq €6,586,710
BOUWWERKEN DE RAEDT IVAN
BE 0474.288.230
Zele · Eq €6,606,845
ZABRA REAL ESTATE
BE 0476.190.222
Gent · Eq €6,577,265
BOUWWERKEN PEETERS
BE 0422.999.380
Schilde · Eq €6,576,182
GROEP G & S
BE 0473.943.285
Anzegem · Eq €6,541,333
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 1,511 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-12-1988
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.