Investments
Green is investment, beige is depreciation.
Green is investment, beige is depreciation.
The 2019 accounts came latest: 122 days after the end of the period.
The dashed line is the sector median: 0.9% across 7,709 companies (NACE 81, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 81, micro). It does better than 42% of them on solvency, 68% on liquidity, 67% on profitability and 83% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 26,972 companies had the same profile as SPRING CLEANING has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SPRING CLEANING itself: 1.8% within 12 months.
The method was tested on the 497,447 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 26,972 companies, not a prediction for SPRING CLEANING. 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.
Liquidity is tight, with a current ratio of 1.5 (1.3 in 2024), below the usual 1.5. Short-term debt is 66% and cash 56.6% of total assets. 66% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 78 days after the deadline. In the sector (NACE 81), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SPRING CLEANING Koekelberg | €37,941 | €30,619 | 34.0% | - |
| BUILTY'S INTERNATIONAL Charleroi | €52,535 | €27,026 | 74.2% | - |
| CVM Marche-en-Famenne | €57,028 | €23,393 | 31.6% | - |
| ALAIN JOST Limbourg | €32,476 | €26,783 | -224.7% | - |
| ERAZ CLEAN Koekelberg | €49,965 | €17,693 | 68.9% | - |
| ARClear Brussels | €24,837 | €21,834 | 48.8% | - |
| ALL FACILITY CLEAN Brussels | €23,751 | €41,430 | -8.4% | - |
These companies have the same main activity as SPRING CLEANING: other cleaning activities (NACE 81230). They are comparable in size and age: total assets between €23,800 and €57,000, founded between 2014 and 2019.
SPRING CLEANING files the abbreviated format. That format states no turnover. The gross margin rose from €8,685 in 2017 to €30,619 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €140,000. Estimated: probably between €84,000 and €220,000.
Higher than 40% of 1,569 companies in 2025.
Higher than 49% of 1,540 companies in 2025.
Higher than 74% of 1,554 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
37,941 | 35,707 | 31,058 | 38,085 | 27,356 | 27,873 | 9,971 | 11,882 | |
21/28 |
436 | - | - | - | - | - | 833 | 1,667 | |
22/27 |
436 | - | - | - | - | - | 833 | 1,667 | |
24 |
436 | - | - | - | - | - | 833 | 1,667 | |
29/58 |
37,505 | 35,707 | 31,058 | 38,085 | 27,356 | 27,873 | 9,138 | 10,215 | |
40/41 |
16,026 | 10,595 | 9,931 | 24,024 | 22,413 | 22,985 | 4,627 | 3,153 | |
40 |
6,547 | 1,837 | 1,562 | 9,487 | 18,491 | 20,307 | 2,822 | 2,554 | |
41 |
9,479 | 8,758 | 8,369 | 14,537 | 3,921 | 2,678 | 1,805 | 599 | |
54/58 |
21,479 | 23,646 | 20,122 | 14,062 | 4,943 | 4,535 | 3,945 | 6,536 | |
490/1 |
- | 1,466 | 1,005 | - | - | 353 | 566 | 526 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
37,941 | 35,707 | 31,058 | 38,085 | 27,356 | 27,873 | 9,971 | 11,882 | |
10/15 |
12,909 | 8,164 | -9,662 | 18,171 | 16,325 | 4,393 | 3,959 | 5,837 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | |
100 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | |
130 |
1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | |
14 |
4,849 | 104 | -17,722 | 10,111 | 10,125 | -1,807 | -2,241 | -363 | |
17/49 |
25,032 | 27,543 | 40,719 | 19,914 | 11,030 | 23,480 | 6,012 | 6,045 | |
42/48 |
25,032 | 27,543 | 40,719 | 19,914 | 11,030 | 23,480 | 6,012 | 6,045 | |
42 |
- | - | 5 | - | - | - | - | - | |
43 |
22 | 5 | - | - | - | - | - | - | |
430/8 |
22 | 5 | - | - | - | - | - | - | |
44 |
6,060 | 11,734 | 26,275 | 6,153 | 2,253 | 17,889 | 799 | 2,154 | |
440/4 |
6,060 | 11,734 | 26,275 | 6,153 | 2,253 | 17,889 | 799 | 2,154 | |
45 |
11,080 | 7,934 | 14,440 | 13,762 | 8,150 | 5,342 | 4,782 | 2,801 | |
450/3 |
8,250 | 6,646 | 7,787 | 3,870 | 3,330 | - | - | - | |
454/9 |
2,830 | 1,288 | 6,653 | 9,892 | 4,821 | 5,342 | 4,782 | 2,801 | |
47/48 |
7,870 | 7,870 | - | - | 626 | 248 | 432 | 1,089 | |
| Income statement | |||||||||
9900 |
30,619 | 60,256 | 11,556 | 65,951 | 44,425 | 21,708 | 17,175 | 8,685 | |
62 |
22,282 | 38,656 | 37,445 | 56,827 | 28,522 | 19,605 | 17,437 | 6,745 | |
630 |
141 | - | - | - | - | 833 | 833 | 1,706 | |
640/8 |
742 | 1,509 | 470 | 4,903 | 485 | 676 | 696 | 575 | |
9901 |
7,454 | 20,091 | -26,359 | 4,221 | 15,418 | 594 | -1,791 | -342 | |
65/66B |
1,097 | 1,228 | 1,255 | 507 | 156 | 159 | 87 | 21 | |
65 |
1,097 | 1,228 | 1,255 | 507 | 156 | 159 | 87 | 21 | |
9903 |
6,357 | 18,863 | -27,614 | 3,714 | 15,262 | 434 | -1,878 | -363 | |
67/77 |
1,612 | 1,036 | 219 | 1,518 | 3,330 | - | - | - | |
9904 |
4,745 | 17,826 | -27,833 | 2,196 | 11,932 | 434 | -1,878 | -363 | |
9905 |
4,745 | 17,826 | -27,833 | 2,196 | 11,932 | 434 | -1,878 | -363 | |
| Appropriation of the result | |||||||||
9906 |
4,849 | 104 | -17,722 | 10,111 | 10,125 | -1,807 | -2,241 | -363 | |
14P |
104 | -17,722 | 10,111 | 7,915 | - | - | - | - | |
| Social balance sheet | |||||||||
9087 |
- | 3.1 | 8.7 | 9.8 | 0.9 | 1 | 0.1 | 0.1 | |
Hours worked1013 |
- | 1,377 | 1,422 | 2,054 | 1,226 | 877 | 246 | 246 | |
| Document | |||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-09-2026.
2025 annual accounts filed 60 days after the deadline. Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00548367.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-09-2026 | 2026-00548367 | |
| 31-12-2024 | micro format | 28-09-2025 | 2025-00529824 | |
| 31-12-2023 | micro format | 29-10-2024 | 2024-00526888 | |
| 31-12-2022 | micro format | 30-09-2023 | 2023-00471295 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-70900504 | |
| 31-12-2019 | micro format | 30-11-2020 | 2020-74100580 | |
| 31-12-2018 | micro format | 31-10-2019 | 2019-73000196 | |
| 31-12-2017 | micro format | 30-09-2018 | 2018-67600282 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| 7,595 | - | - | - | - | 1,427 | -958 | 1,364 | ||
| 4,886 | - | - | - | - | 1,268 | -1,045 | 1,343 | ||
| 577 | - | - | - | - | 0 | 0 | 2,500 | ||
| -2,167 | 3,524 | 6,060 | - | 408 | 590 | -2,591 | - | ||
| 12,473 | 8,164 | -9,662 | 18,171 | 16,325 | 4,393 | 3,126 | 4,170 | ||
| 34.0% | 22.9% | -31.1% | 47.7% | 59.7% | 15.8% | 39.7% | 49.1% | ||
| 1.50 | 1.30 | 0.76 | 1.91 | 2.48 | 1.19 | 1.52 | 1.69 | ||
| 1.94 | 3.37 | - | 1.10 | 0.68 | 5.34 | 1.52 | 1.04 | ||
| 36.8% | 218.3% | - | 12.1% | 73.1% | 9.9% | -47.4% | -6.2% | ||
| 12.5% | 49.9% | -89.6% | 5.8% | 43.6% | 1.6% | -18.8% | -3.1% | ||
| 6.92 | - | - | - | - | - | - | - |
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.
| Item | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|
| Employees at the balance-sheet date | 2 | 11 | 11 |
| part-time | 2 | 11 | 11 |
| in full-time equivalents | - | 2.3 | 2.5 |
| 0.8 | 1.9 | 1.9 | |
| On a permanent contract | 2 | 3 | 2 |
Source: social balance sheet in the 2022 to 2024 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €577 | - | - | - |
| €141 | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 63% lower than in 2024.
Debt's share of the balance-sheet total falls from 77.1% to 66.0%. Equity is higher and debt is lower.
SPRING CLEANING has no parent and no holdings in its annual accounts. Cheddad Otmane is the only director. SPRING CLEANING shares no director with another company.
| S.M.W.I.
registered office since 27-06-2023 · founded in 2023 · negative equity (2025) |
total assets €807,716 (2025) 0803.210.973 |
| JF TRADERS
registered office since 07-02-2019 · founded in 2019 |
total assets €694,138 (2025) 0719.978.540 |
| BELGIUM INDUSTRIAL SUPPORT
registered office since 16-05-2018 · founded in 2018 · accounts filed late |
total assets €420,724 (2024) 0695.990.044 |
| INDUSTRIAL BUSINESS SERVICES CORPORATION
registered office since 24-03-2023 · founded in 2023 |
total assets €398,079 (2025) 0799.908.520 |
| GRC TECHNIX
registered office since 17-03-2023 · founded in 2023 · negative equity (2025) |
turnover €332,383 (2025) 0799.575.552 |
| BEL EXPRESS
registered office since 19-11-2012 · founded in 2012 · negative equity (2024) · accounts filed late |
turnover €320,158 (2024) 0500.874.643 |
| AUTO BOUARFA
registered office since 23-02-2017 · founded in 2017 |
total assets €307,582 (2022) 0671.791.910 |
| TIME NET COMPANY
registered office since 02-06-2017 · founded in 2017 · accounts filed late |
total assets €282,241 (2024) 0676.532.834 |
| PIZZAMINA
registered office since 09-10-2021 · founded in 2021 · accounts filed late |
turnover €262,082 (2024) 0775.540.536 |
| ALGOBAT
registered office since 29-08-2013 · founded in 2013 |
total assets €254,691 (2025) 0537.769.879 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Jetsesteenweg 264 registered office 1081 Koekelberg | ||
| Vier-Windenstraat 218 1080 Molenbeek-Saint-Jean 4335001 Other building finishing work | 01-06-2017 | 2.264.687.308 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21492B0043/00P002 | 426 m² | 1 · 116 m² | 18.2 m · 5 |
| 21523B0937/00P088 | 311 m² | 1 · 308 m² | 16.6 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0675.754.755
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