SplendIT
ActiveSummary
SplendIT has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €777k and a net result of €-87k. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 30% of 2699 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability19▼-21
Solvency48=
Growth28=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.32 in 2024; short-term debt: 76.1% and cash: 1.2% of total assets), and 77.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
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
15 d early
2023
42 d late
2022
14 d early
2021
23 d early
2020
31 d early
2019
31 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€11.21M▼ 3.5%
2022 · €11.61M
2018: €14.23Mhighest in 6 years
2019: €13.52M▼ -5.0% vs 2018
2020: €9.92M▼ -26.6% vs 2019lowest in 6 years
2021: €11.00M▲ +10.9% vs 2020
2022: €11.61M▲ +5.6% vs 2021
2023: €11.21M▼ -3.5% vs 2022
2018 → 2023
EBIT margin
0.6%▼ 1.4pp
2022 · 2.0%
2018: 3.5%
2019: 1.2%▼ -67.2% vs 2018
2020: 6.2%▲ +437% vs 2019highest in 6 years
2021: 1.4%▼ -77.1% vs 2020
2022: 2.0%▲ +39.3% vs 2021
2023: 0.6%▼ -70.1% vs 2022lowest in 6 years
2018 → 2023
Net result
€-87k
2024 · €8k
2018: €273k
2019: €41k▼ -85.0% vs 2018
2020: €491k▲ +1096% vs 2019highest in 8 years
2021: €39k▼ -92.0% vs 2020
2022: €110k▲ +180% vs 2021
2023: €-48k▼ -144% vs 2022
2024: €8k▲ +116% vs 2023
2025: €-87k▼ -1247% vs 2024lowest in 8 years
2018 → 2025
Working capital
€812k▼ 11.0%
2024 · €912k
2018: €1.58Mhighest in 8 years
2019: €467k▼ -70.4% vs 2018lowest in 8 years
2020: €780k▲ +66.9% vs 2019
2021: €825k▲ +5.8% vs 2020
2022: €903k▲ +9.5% vs 2021
2023: €1.03M▲ +14.1% vs 2022
2024: €912k▼ -11.5% vs 2023
2025: €812k▼ -11.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€11.00M-€11.61M▲ 5.6%€11.21M▼ 3.5%
2021: €11.00Mlowest in 3 years
2022: €11.61M▲ +5.6% vs 2021highest in 3 years
2023: €11.21M▼ -3.5% vs 2022
Equity€970k-€905k▼ 6.7%€857k▼ 5.3%€864k▲ 0.9%€777k▼ 10.0%
2021: €970khighest in 5 years
2022: €905k▼ -6.7% vs 2021
2023: €857k▼ -5.3% vs 2022
2024: €864k▲ +0.9% vs 2023
2025: €777k▼ -10.0% vs 2024lowest in 5 years
Operating result€155k-€229k▲ 47.1%€66k▼ 71.1%€167k▲ 153%€7k▼ 95.5%
2021: €155k
2022: €229k▲ +47.1% vs 2021highest in 5 years
2023: €66k▼ -71.1% vs 2022
2024: €167k▲ +153% vs 2023
2025: €7k▼ -95.5% vs 2024lowest in 5 years
Net result€39k-€110k▲ 180%€-48k€8k€-87k
2021: €39k
2022: €110k▲ +180% vs 2021highest in 5 years
2023: €-48k▼ -144% vs 2022
2024: €8k▲ +116% vs 2023
2025: €-87k▼ -1247% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 96% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.44M
Fixed assets
€11k ▼ 60.9%
Current assets
€3.42M ▼ 8.6%
Equity and liabilities €3.44M
Equity
€777k ▼ 10.0%
Debt
€2.66M ▼ 8.6%
Debt's share of the balance-sheet total rises from 77.1% to 77.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€17k▼
2024 · €185k
Cash flow
€-78k▼
2024 · €26k
Current ratio
1.31▼
2024 · 1.32
Debt to equity
3.42▲
2024 · 3.37
ROE
-11.2%▼
2024 · 0.9%
ROA
-2.5%▼
2024 · 0.2%
Interest coverage
0.37▼
2024 · 2.50
Debt ≤ 1 year
€2.61M▼
2024 · €2.83M
Debt > 1 year
€0▼
2024 · €28k
Income taxes
€50k▼
2024 · €90k
Staff costs
€3.32M▼
2024 · €3.87M
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.77M€3.44M▼
Fixed assets21/28€28k€11k▼
Intangible fixed assets21€957€399▼
Tangible fixed assets22/27€20k€10k▼
Furniture and vehicles24€10k€3k▼
Leasing and similar rights25€0-
Other tangible fixed assets26€10k€7k▼
Financial fixed assets28€7k€320▼
Current assets29/58€3.75M€3.42M▼
Amounts receivable within one year40/41€3.35M€3.36M▲
Trade receivables40€1.26M€1.07M▼
Other amounts receivable41€2.09M€2.29M▲
Cash at bank and in hand54/58€383k€42k▼
Deferred charges and accrued income490/1€16k€25k▲
Equity and liabilities
Total equity and liabilities10/49€3.77M€3.44M▼
Equity10/15€864k€777k▼
Contributions10/11€353k€353k=
Reserves13€110k€110k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€110k€110k=
Profit (loss) carried forward14€401k€314k▼
Amounts payable17/49€2.91M€2.66M▼
Amounts payable after more than one year17€28k€0▼
Financial debts170/4€28k€0▼
Amounts payable within one year42/48€2.83M€2.61M▼
Current portion of amounts payable after more than one year42€167k€28k▼
Financial debts43€821k€900k▲
Credit institutions430/8€821k€900k▲
Trade debts44€1.08M€712k▼
Suppliers440/4€1.08M€712k▼
Taxes, remuneration and social security45€563k€448k▼
Taxes450/3€161k€108k▼
Remuneration and social security454/9€402k€341k▼
Other amounts payable47/48€200k€525k▲
Accrued charges and deferred income492/3€48k€45k▼
Income statement
Code20242025
Remuneration, social security and pensions62€3.87M€3.32M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€9k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€4.06M€3.34M▼
Operating profit (loss)9901€167k€7k▼
Financial income75/76B€5k€3▼
Recurring financial income75€5k€3▼
Financial charges65/66B€74k€45k▼
Recurring financial charges65€74k€45k▼
Profit (loss) for the period before taxes9903€97k€-37k▼
Income taxes67/77€90k€50k▼
Profit (loss) for the period9904€8k€-87k▼
Profit (loss) for the period to be appropriated9905€8k€-87k▼
Appropriation of the result
Profit (loss) to be appropriated9906€401k€314k▼
Profit (loss) brought forward from the previous period14P€393k€401k▲
Social balance
Average headcount (FTE)908765.253.7▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €11.16M | €11.80M | €11.56M | - | - | - |
| Turnover70 | €11.00M | €11.61M | €11.21M | - | - | - |
| Other operating income74 | €164k | €187k | €353k | - | - | - |
| Operating charges60/66A | €11.01M | €11.57M | €11.49M | - | - | - |
| Goods for resale, raw materials and consumables60 | €6.14M | €5.75M | €5.50M | - | - | - |
| Purchases600/8 | €6.14M | €5.75M | €5.50M | - | - | - |
| Services and other goods61 | €1.13M | €1.45M | €1.36M | - | - | - |
| Remuneration, social security and pensions62 | €3.55M | €4.29M | €4.57M | €3.87M | €3.32M | ▼ 14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €124k | €104k | €60k | €18k | €9k | ▼ 49.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €73k | €-20k | €0 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-29k | - | - | - | - | - |
| Other operating charges640/8 | €21k | €1k | €960 | €1k | €1k | ▼ 20.6% |
| Gross operating margin9900 | - | - | - | €4.06M | €3.34M | ▼ 17.6% |
| Operating profit (loss)9901 | €155k | €229k | €66k | €167k | €7k | ▼ 95.5% |
| Financial income75/76B | €4k | €4k | €5k | €5k | €3 | ▼ 99.9% |
| Recurring financial income75 | €4k | €4k | €5k | €5k | €3 | ▼ 99.9% |
| Other financial income752/9 | €4k | €4k | €5k | - | - | - |
| Financial charges65/66B | €34k | €37k | €35k | €74k | €45k | ▼ 39.6% |
| Recurring financial charges65 | €34k | €37k | €35k | €74k | €45k | ▼ 39.6% |
| Debt charges650 | €29k | €33k | €32k | - | - | - |
| Other financial charges652/9 | €5k | €4k | €3k | - | - | - |
| Profit (loss) for the period before taxes9903 | €125k | €196k | €35k | €97k | €-37k | ▼ 138% |
| Income taxes67/77 | €86k | €86k | €84k | €90k | €50k | ▼ 44.8% |
| Taxes670/3 | €86k | €86k | €84k | - | - | - |
| Profit (loss) for the period9904 | €39k | €110k | €-48k | €8k | €-87k | ▼ 1,247% |
| Profit (loss) for the period to be appropriated9905 | €39k | €110k | €-48k | €8k | €-87k | ▼ 1,247% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.73M | €4.06M | €3.94M | €3.77M | €3.44M | ▼ 8.9% |
| Fixed assets21/28 | €240k | €129k | €56k | €28k | €11k | ▼ 60.9% |
| Intangible fixed assets21 | €8k | €5k | €3k | €957 | €399 | ▼ 58.3% |
| Tangible fixed assets22/27 | €232k | €123k | €52k | €20k | €10k | ▼ 48.0% |
| Plant, machinery and equipment23 | €8k | €1k | €0 | - | - | - |
| Furniture and vehicles24 | €8k | €30k | €17k | €10k | €3k | ▼ 70.0% |
| Leasing and similar rights25 | €197k | €77k | €22k | €0 | - | - |
| Other tangible fixed assets26 | €18k | €16k | €13k | €10k | €7k | ▼ 27.2% |
| Financial fixed assets28 | €209 | €209 | €320 | €7k | €320 | ▼ 95.7% |
| Other financial fixed assets284/8 | €209 | €209 | €320 | - | - | - |
| Amounts receivable and cash guarantees285/8 | €209 | €209 | €320 | - | - | - |
| Current assets29/58 | €3.49M | €3.93M | €3.89M | €3.75M | €3.42M | ▼ 8.6% |
| Stocks and contracts in progress3 | - | - | €0 | - | - | - |
| Amounts receivable within one year40/41 | €2.89M | €3.30M | €3.59M | €3.35M | €3.36M | ▲ 0.4% |
| Trade receivables40 | €1.85M | €1.64M | €1.55M | €1.26M | €1.07M | ▼ 15.2% |
| Other amounts receivable41 | €1.04M | €1.66M | €2.04M | €2.09M | €2.29M | ▲ 9.8% |
| Cash at bank and in hand54/58 | €600k | €607k | €284k | €383k | €42k | ▼ 89.1% |
| Deferred charges and accrued income490/1 | €2k | €22k | €9k | €16k | €25k | ▲ 53.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.73M | €4.06M | €3.94M | €3.77M | €3.44M | ▼ 8.9% |
| Equity10/15 | €970k | €905k | €857k | €864k | €777k | ▼ 10.0% |
| Contributions10/11 | €353k | €353k | €353k | €353k | €353k | = |
| Reserves13 | €110k | €110k | €110k | €110k | €110k | = |
| Non-distributable reserves130/1 | €110k | €110k | €110k | €0 | - | - |
| Reserves not available under the articles1311 | €110k | €110k | €110k | €0 | - | - |
| Distributable reserves133 | - | - | - | €110k | €110k | = |
| Profit (loss) carried forward14 | €507k | €442k | €393k | €401k | €314k | ▼ 21.6% |
| Amounts payable17/49 | €2.76M | €3.15M | €3.09M | €2.91M | €2.66M | ▼ 8.6% |
| Amounts payable after more than one year17 | €75k | €85k | €194k | €28k | €0 | ▼ 100% |
| Financial debts170/4 | €75k | €85k | €194k | €28k | €0 | ▼ 100% |
| Subordinated loans170 | - | €83k | €194k | - | - | - |
| Leasing and similar obligations172 | €75k | €1k | €0 | - | - | - |
| Amounts payable within one year42/48 | €2.67M | €3.02M | €2.86M | €2.83M | €2.61M | ▼ 7.8% |
| Current portion of amounts payable after more than one year42 | €124k | €481k | €182k | €167k | €28k | ▼ 83.3% |
| Financial debts43 | €1.07M | €562k | €891k | €821k | €900k | ▲ 9.6% |
| Credit institutions430/8 | €331k | €562k | €891k | €821k | €900k | ▲ 9.6% |
| Other loans439 | €737k | - | - | - | - | - |
| Trade debts44 | €911k | €1.23M | €1.16M | €1.08M | €712k | ▼ 34.2% |
| Suppliers440/4 | €911k | €1.23M | €1.16M | €1.08M | €712k | ▼ 34.2% |
| Taxes, remuneration and social security45 | €563k | €576k | €626k | €563k | €448k | ▼ 20.4% |
| Taxes450/3 | €220k | €167k | €137k | €161k | €108k | ▼ 33.1% |
| Remuneration and social security454/9 | €343k | €410k | €490k | €402k | €341k | ▼ 15.3% |
| Other amounts payable47/48 | - | €175k | €0 | €200k | €525k | ▲ 163% |
| Accrued charges and deferred income492/3 | €20k | €42k | €35k | €48k | €45k | ▼ 5.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39k | €110k | €-48k | €8k | €-87k | ▼ 1,247% |
| + Depreciation and write-downs630 | €124k | €104k | €60k | €18k | €9k | ▼ 49.4% |
| Operating cash flow (approximation) | €163k | €214k | €12k | €26k | €-78k | ▼ 404% |
| Investment in fixed assets (approximation) | - | €8k | €13k | €10k | €8k | ▼ 17.3% |
| Change in cash | - | €7k | €-323k | €99k | €-342k | ▼ 445% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-87k
Net result drops to €-87k, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 42 days late
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €491k ▲1,096%
Operating result €613k, net result €491k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 8 days late
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Grimbergen · 2 establishment units since 1999
Ground area
8,367 m²
Building footprint
4,302 m²
Volume, LiDAR
70,867 m³
2 parcels, Flanders · tallest building 24.9 m, ±6 floors. Linked by address, not a title deed.
20
companies at this address
See who is registered here
2 establishment units
SplendIT
since 19992.099.232.923
Pegasuslaan 5, 1831 Machelen (Brab.)
since 20222.341.481.020
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0091/00S003 | Flanders | 4,582 m² | 1 · 1,166 m² | 22.4 m · 6 fl. |
| 23403G0363/00A002 | Flanders | 3,786 m² | 1 · 3,136 m² | 24.9 m · 5 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 5 entries · 12,536 EUR awarded · 12,536 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 1,687 EUR | 10,387 EUR |
| 2023 | 2 | 10,202 EUR | 1,502 EUR |
| 2022 | 1 | 647 EUR | 647 EUR |
Schemes
Werkbaarheidscheque (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 9,843 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-11-1999
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
90201Performing arts by independent artists
90393Specialised image, lighting and sound technical services
Scores and ratios are computed by Checked and are not a credit decision.