SPLINTER
ActiveSPLINTER has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124k and a net result of €-56. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 86% of 27559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▲+2
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 5.2 against 9.63 in 2024; short-term debt: 19.2% of total assets), and 19.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Sector 43
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
42 d late
2023
82 d late
2022
157 d late
2021
123 d late
2020
151 d late
2019
91 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€124k=
2024 · €124k
2018: €140k
2019: €161k
2020: €184k
2021: €155k
2022: €142k
2023: €125k
2024: €124k
2018 → 2025
Total assets
€153k▲ 10.9%
2024 · €138k
2018: €270k
2019: €275k
2020: €295k
2021: €218k
2022: €207k
2023: €143k
2024: €138k
2018 → 2025
Net result
€-56▲ 96.5%
2024 · €-2k
2018: €38k
2019: €24k
2020: €27k
2021: €-29k
2022: €-14k
2023: €-16k
2024: €-2k
2018 → 2025
Working capital
€124k▲ 0.2%
2024 · €123k
2018: €140k
2019: €160k
2020: €182k
2021: €156k
2022: €138k
2023: €125k
2024: €123k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€155k-€142k▼ 8.8%€125k▼ 11.6%€124k▼ 1.3%€124k=
Operating result€-37k-€-17k▲ 54.3%€-22k▼ 26.2%€-7k▲ 66.8%€-6k▲ 23.1%
Net result€-29k-€-14k▲ 53.6%€-16k▼ 20.6%€-2k▲ 90.3%€-56▲ 96.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €7k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €153k
Fixed assets
€24▼ 92.6%
Current assets
€153k▲ 11.2%
Equity and liabilities €153k
Equity
€124k=
Debt
€29k▲ 106%
The debt ratio rises from 10.4% to 19.2%. Debt is higher.
Key figures and ratios
EBITDA
€-5k▲
2024 · €-7k
Cash flow
€247▲
2024 · €-1k
Solvency
80.8%▼
2024 · 89.6%
Current ratio
5.20▼
2024 · 9.63
Quick ratio
5.20▼
2024 · 9.63
Debt / equity
0.24▲
2024 · 0.12
ROE
0.0%▲
2024 · -1.3%
ROA
0.0%▲
2024 · -1.1%
Interest coverage
-3.18▲
2024 · -3.23
Debt
€29k▲
2024 · €14k
Debt ≤ 1 year
€29k▲
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€138k€153k▲
Fixed assets21/28€328€24▼
Tangible fixed assets22/27€328€24▼
Furniture and vehicles24€328€24▼
Current assets29/58€138k€153k▲
Amounts receivable within one year40/41€138k€153k▲
Trade receivables40€11k€17k▲
Other amounts receivable41€126k€136k▲
Equity and liabilities
Total equity and liabilities10/49€138k€153k▲
Equity10/15€124k€124k=
Contributions10/11€19k€19k=
Reserves13€105k€105k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€17k€17k=
Distributable reserves133€86k€86k=
Profit (loss) carried forward14€340€284▼
Amounts payable17/49€14k€29k▲
Amounts payable within one year42/48€14k€29k▲
Financial debts43€13k€13k▼
Credit institutions430/8€13k€13k▼
Trade debts44€2k€16k▲
Suppliers440/4€2k€16k▲
Taxes, remuneration and social security45€9€739▲
Taxes450/3€9€739▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€480€303▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-16k
Other operating charges640/8€528€17k▲
Gross operating margin9900€-6k€-4k▲
Operating profit (loss)9901€-7k€-6k▲
Financial income75/76B€8k€7k▼
Recurring financial income75€8k€7k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-2k€-56▲
Income taxes67/77€0-
Profit (loss) for the period9904€-2k€-56▲
Profit (loss) for the period to be appropriated9905€-2k€-56▲
Appropriation of the result
Profit (loss) to be appropriated9906€340€284▼
Profit (loss) brought forward from the previous period14P€2k€340▼
The notes to these accounts (4 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
04-09
State Gazette act
General meeting · Registered-office moveGeneral meeting · Registered-office move2 facts ▸
State Gazette act
General meeting · Registered-office move
General meeting · Registered-office move2 facts ▸
- General meeting, 2026-08-12
- Registered-office move, Pachting 71 te 9310 Moorsel
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 42 days late
2024
21-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 82 days late
04-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 157 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 8.09
Current ratio from 3.10 to 8.09; short-term debt falls from €65k to €18k.
2022
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 123 days late
2021
31-12
Financial
Weakest financial yearnet €-29k ▼210%
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 151 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Equity above €150kEq €161k ▲15.2%
2 profitable years in a row build equity to €161k.
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
04-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 65 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2000
Ground area
458 m²
Building footprint
167 m²
Volume, LiDAR
1,087 m³
2 parcels, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20002.097.288.369
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41042C0505/00R004 | Flanders | 378 m² | 1 · 81 m² | 11.2 m · 3 fl. |
| 41002B0420/00N004 | Flanders | 80 m² | 1 · 86 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,136. 7,702 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-03-2000
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
45422
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.