Debts
€185,976 110% of the balance sheet
After one year 7%Within one year 93%
Of this, €172,211 falls due within a year.
SPRING
Overview
Lifetime
1 annual account with figuresGross marginpeak -€7,213 (2019)
-€7,213
Resultlowest -€41,155 (2019)
-€41,155
Equitypeak -€16,155 (2019)
-€16,155
Debts
€185,976
Staffpeak 0.4 FTE (2019)
0.4 FTE
Documentsfilings and deeds
26-06-202035 days before the deadline
2019micro format
Loss of €41,155First year with figures
Key points
from the 2019 annual accounts, the last ones filedNo scoreTurnover not published (micro format)
Recent changes
Bankruptcy closure (insufficient assets)
Enterprise Court of Ghent, Bruges division · judgment of 20-03-2023 · Bankruptcy
Bankruptcy published
Enterprise Court of Ghent, Bruges division · judgment of 27-05-2021 · Bankruptcy
Incorporation
2 publications in the Belgian Official Gazette, the last on 10-08-2020 · Gazette deed
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 17-07-2018 · bankruptcy closed on 20-03-2023
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2019
- Gross margin
- -€7,213
- Loss
- €41,155
- Equity
- -€16,155
- Total assets
- €169,820
- Staff
- 0.4 FTE
- Filing
- Filed on 26-06-2020
Insights on SPRING
On 27 May 2021 the court declared SPRING bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2019
micro format, filed on 26-06-2020, 35 days before the deadlineGross margin
-€7,213
Operating result
-€40,411
Loss
-€41,155
Working capital
-€20,618
Solvency
-9.5%
Current ratio
0.88
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €169,820 on 31-12-2019What the company ownsHow it is paid for
Staff
Staff cost per FTE€75,766
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2019 |
|---|---|---|
| Balance sheet: assets | ||
Total assets20/58 |
169,820 | |
Formation expenses20 |
795 | |
Fixed assets21/28 |
17,433 | |
Tangible fixed assets22/27 |
17,433 | |
Current assets29/58 |
151,592 | |
Stocks and contracts in progress3 |
112,000 | |
Stocks30/36 |
112,000 | |
Amounts receivable within one year40/41 |
39,581 | |
Trade receivables40 |
10,436 | |
Other amounts receivable41 |
29,145 | |
Cash at bank and in hand54/58 |
11 | |
| Balance sheet: equity and liabilities | ||
Total equity and liabilities10/49 |
169,820 | |
Equity10/15 |
-16,155 | |
Contributions10/11 |
25,000 | |
Issued capital100 |
25,000 | |
Profit (loss) carried forward14 |
-41,155 | |
Amounts payable17/49 |
185,976 | |
Amounts payable after more than one year17 |
13,765 | |
Financial debts170/4 |
13,765 | |
Amounts payable within one year42/48 |
172,211 | |
Current portion of amounts payable after more than one year42 |
3,600 | |
Trade debts44 |
160,389 | |
Suppliers440/4 |
160,389 | |
Taxes, remuneration and social security45 |
6,180 | |
Taxes450/3 |
81 | |
Remuneration and social security454/9 |
6,100 | |
Other amounts payable47/48 |
2,041 | |
| Income statement | ||
Gross operating margin9900 |
-7,213 | |
Remuneration, social security and pensions62 |
30,306 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
1,446 | |
Other operating charges640/8 |
1,446 | |
Operating profit (loss)9901 |
-40,411 | |
Financial charges65/66B |
744 | |
Recurring financial charges65 |
744 | |
Profit (loss) for the period before taxes9903 |
-41,155 | |
Profit (loss) for the period9904 |
-41,155 | |
Profit (loss) for the period to be appropriated9905 |
-41,155 | |
| Appropriation of the result | ||
Profit (loss) to be appropriated9906 |
-41,155 | |
| Social balance sheet | ||
Average staff (FTE)9087 |
0.4 | |
Hours worked1013 |
612 | |
| Document | ||
Source: Annual accounts 2019 (PDF), filed on 26-06-2020.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2019 | micro format | 26-06-2020 | 2020-21100533 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2019 |
|---|---|---|
| EBITDA | -38,965 | |
| Cash flow | -39,709 | |
| Investment in fixed assets | 18,552 | |
| Working capital | -20,618 | |
| Solvency | -9.5% | |
| Current ratio | 0.88 | |
| Quick ratio | 0.23 | |
| ROA | -24.2% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on SPRING
Equity is negative. Debt (€185,976) exceeds the balance-sheet total (€169,820).
Board & ownership
Curator
1 mandateCurator, Tramweg 6, 8755 Ruiselede
from 27-05-2021 to 20-03-2023
Also on 34 other cases
Control
Capital
- Capital
- €25,000
- Source
- 2019 annual accounts
Timeline
Timeline
4 events since 2018Filings
Insolvency
20182020202220242026
2023
Bankruptcy closure (insufficient assets) Enterprise Court of Ghent, Bruges division · judgment of 20-03-2023
2021
Bankruptcy published Enterprise Court of Ghent, Bruges division · judgment of 27-05-2021
2020
Annual accounts 2019 filed PDFmicro format · 35 days before the deadline
2018
Incorporation PDF2 publications in the Belgian Official Gazette, the last on 10-08-2020
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
SPRING is no longer in the KBO register.
- Last annual accounts
- financial year to 31 December 2019
- Last registered office
- Zeswegestraat 22, 8750 Zwevezeleas published on 10 August 2020
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2019