Equity
Equity fell by 98% in 1 year.
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Equity fell by 98% in 1 year.
Green is investment, beige is depreciation.
Short-term debts rose from €5,944 to €108,784.
The 2024 accounts came latest: 69 days after the end of the period.
Lower solvency than 90% of companies in architecture and engineering. Sector median 53.9% · 11,794 companies.
In July 2024, 2,153 companies had the same profile as SPLINE has now. Each dot stands for 6 companies, two years later.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,153 companies, not a prediction for SPLINE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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The scores and ratios are Checked's own calculations, not a credit decision.
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| Company | ||||
|---|---|---|---|---|
| SPLINE Perwez | €110,683 | €32,258 | 1.7% | - |
| AYA PROJECTS Zaventem | €107,794 | €37,778 | 18.7% | - |
| Habitus Zoutleeuw | €103,077 | €32,581 | 40.9% | - |
| BOLO works Forest | €111,595 | €27,037 | 26.9% | - |
| AD2KX La Hulpe | €137,039 | €26,510 | -5.2% | - |
| MADE4PROJECTS Rixensart | €135,936 | €36,113 | 36.1% | - |
| IDP CREATIVE Waterloo | €137,674 | €28,670 | 65.2% | - |
These companies have the same main activity as SPLINE: activities of interior architects (NACE 71112). They are comparable in size and age: total assets between €103,000 and €138,000, founded between 2019 and 2022.
SPLINE files the micro format. That format states no turnover. The gross margin rose from €23,037 in 2021 to €32,258 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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