Spring Holdco
ActiveSummary
The computed 12-month bankruptcy probability of Spring Holdco is 1.7% (moderate). The 2025 annual accounts show equity of €152.6m and a net result of €184,098. Equity remains stable across the filed fiscal years (±0.4% per year). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability38▲+2
Solvency82=
Growth32=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 25.24; short-term debt: 0% and cash: 0% of total assets), and 43.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56.7%
Return on assets
0.1%
Age of the figures
9 mo
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 02-06-2026, 59 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
59 d early
2024
72 d early
2023
57 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 63 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 2 June (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€152.6m▲ 0.1%
2024 · €152.4m
Total assets
€269.0m=
2024 · €269.0m
Net result
€184,098
2024 · -€1.4m
Working capital
€109,861
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€414,388--€101,725▲ 75.5%-€79,651▲ 21.7%
Net result€1.1m--€1.4m€184,098
Equity€153.8m-€152.4m▼ 0.9%€152.6m▲ 0.1%
Total assets€262.6m-€269.0m▲ 2.4%€269.0m=
Debt€108.8m-€116.5m▲ 7.1%€116.4m▼ 0.1%
Working capital€109,861
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €79,651 in 2025 against €101,725 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €269.0m
Fixed assets
€268.9m =
Current assets
€114,394 ▲ 17.2%
Equity and liabilities €269.0m
Equity
€152.6m ▲ 0.1%
Debt
€116.4m ▼ 0.1%
Debt's share of the balance-sheet total falls from 43.3% to 43.3%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
25.24
Debt to equity
0.76▼
2024 · 0.76
ROE
0.1%▲
2024 · -0.9%
ROA
0.1%▲
2024 · -0.5%
Debt ≤ 1 year
€4,532
Debt > 1 year
€98.5m▼
2024 · €103.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,666 | - | - | - |
| Other operating charges640/8 | €732 | €528 | €1,143 | ▲ 116% |
| Gross operating margin9900 | -€400,991 | -€101,197 | -€78,508 | ▲ 22.4% |
| Operating profit (loss)9901 | -€414,388 | -€101,725 | -€79,651 | ▲ 21.7% |
| Financial income75/76B | €9.3m | €4.9m | €5.1m | ▲ 3.4% |
| Recurring financial income75 | €9.3m | €4.9m | €5.1m | ▲ 3.4% |
| Financial charges65/66B | €7.8m | €6.2m | €4.8m | ▼ 21.9% |
| Recurring financial charges65 | €7.8m | €6.2m | €4.8m | ▼ 21.9% |
| Profit (loss) for the period before taxes9903 | €1.1m | -€1.4m | €184,098 | ▲ 114% |
| Profit (loss) for the period9904 | €1.1m | -€1.4m | €184,098 | ▲ 114% |
| Profit (loss) for the period to be appropriated9905 | €1.1m | -€1.4m | €184,098 | ▲ 114% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €262.6m | €269.0m | €269.0m | = |
| Fixed assets21/28 | €262.5m | €268.9m | €268.9m | = |
| Financial fixed assets28 | €262.5m | €268.9m | €268.9m | = |
| Current assets29/58 | €48,111 | €97,603 | €114,394 | ▲ 17.2% |
| Amounts receivable within one year40/41 | €303 | €106 | €106 | = |
| Trade receivables40 | €197 | - | - | - |
| Other amounts receivable41 | €106 | €106 | €106 | = |
| Cash at bank and in hand54/58 | €47,808 | €97,497 | €114,288 | ▲ 17.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €262.6m | €269.0m | €269.0m | = |
| Equity10/15 | €153.8m | €152.4m | €152.6m | ▲ 0.1% |
| Contributions10/11 | €152.7m | €152.7m | €152.7m | = |
| Profit (loss) carried forward14 | €1.1m | -€267,350 | -€83,252 | ▲ 68.9% |
| Amounts payable17/49 | €108.8m | €116.5m | €116.4m | ▼ 0.1% |
| Amounts payable after more than one year17 | €101.2m | €103.1m | €98.5m | ▼ 4.5% |
| Financial debts170/4 | €101.2m | €103.1m | €98.5m | ▼ 4.5% |
| Amounts payable within one year42/48 | - | - | €4,532 | - |
| Trade debts44 | - | - | €4,532 | - |
| Suppliers440/4 | - | - | €4,532 | - |
| Accrued charges and deferred income492/3 | €7.6m | €13.4m | €17.9m | ▲ 33.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.1m | -€1.4m | €184,098 | ▲ 114% |
| + Depreciation and write-downs630 | €12,666 | - | - | - |
| Operating cash flow (approximation) | €1.1m | -€1.4m | €184,098 | ▲ 114% |
| Investment in fixed assets (approximation) | - | -€6.3m | €0 | ▲ 100% |
| Change in cash | - | €49,689 | €16,791 | ▼ 66.2% |
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
24-06
State Gazette act
Reappointment: Finvision Bedrijfsrevisoren BV (statutory auditor)2 facts ▸
State Gazette act
Reappointment: Finvision Bedrijfsrevisoren BV (statutory auditor)
2 facts ▸
- General meeting, 05-05-2026
- Auditor reappointment, Finvision Bedrijfsrevisoren BV (statutory auditor)
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €184,098
Net result €184,098 after one loss-making year.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€1.4m
Net result drops to -€1.4m, the lowest in the series; recovery starts the following year.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 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
Statutory auditor 1
BV Finvision Bedrijfsrevisoren
CurrentStatutory auditor · since 24-06-2026 · perm. rep.: Christophe De Paepe
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2022
Ground area
1,561 m²
Building footprint
345 m²
Parcel 44062A0110/00K000, Flanders. Linked by address, not a title deed.
62
companies at this address
See who is registered here
1 establishment unit
Spring Holdco
since 20222.331.723.315
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0110/00K000 | Flanders | 1,561 m² | 1 · 345 m² | 0.0 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| BV Finvision Bedrijfsrevisoren |
|
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
28.9%
According to the 2025 annual accounts of Spring Holdco and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company
Founded11-05-2022
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0785940223
Also
9925:BE0785940223
Registered
09-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.