SPRINGRID

Active

Private limited companyfounded 201313 yrs activeBrechtsebaan 77, 2930 Brasschaat, BelgiumKBO/BCE: BE 0502.968.259

SPRINGRID has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €80k and a net result of €28k. Equity is shrinking by ~31.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 42% of 26053 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

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Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability62▲+51

Solvency48▲+9

Growth58▲+26

Track record100

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €4.5k at 30 days only on tighter terms

Liquidity ample (current ratio 5.47 against 3.9 in 2023; short-term debt: 18.1% and cash: 7% of total assets), but 76.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

23.1%

Return on assets

8.1%

Age of the figures

24 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts not filed

The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 139 days later.

NBB · 10 filings

Position against the passed deadline

30-09-2025 close30-04-2026 deadline16-09-2026 today

Latest accounts filed on time

The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 10-04-2025, 20 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

20 d early

2023

35 d early

2022

9 d early

2021

68 d early

2020

31 d early

2019

141 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€80k▲ 54.0%

2023 · €52k

2018: €232k 2019: €307k 2020: €186k 2021: €113k 2022: €91k 2023: €52k

2018 → 2024

Total assets

€348k▼ 5.2%

2023 · €367k

2018: €752k 2019: €824k 2020: €677k 2021: €540k 2022: €451k 2023: €367k

2018 → 2024

Net result

€28k

2023 · €-39k

2018: €22k 2019: €76k 2020: €-122k 2021: €-73k 2022: €-22k 2023: €-39k

2018 → 2024

Working capital

€281k▲ 5.8%

2023 · €266k

2018: €406k 2019: €463k 2020: €401k 2021: €336k 2022: €314k 2023: €266k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€186k-€113k▼ 39.1%€91k▼ 19.3%€52k▼ 42.9%€80k▲ 54.0%

Operating result€-111k-€-68k▲ 38.6%€-13k▲ 80.3%€-26k▼ 96.9%€40k

Net result€-122k-€-73k▲ 40.3%€-22k▲ 70.0%€-39k▼ 79.4%€28k

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €40k after a loss of €26k in 2023, the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €348k

98.9%

Fixed assets €4k▼ 60.3%

Current assets €344k▼ 3.7%

Equity and liabilities €348k

23.1%

76.9%

Equity €80k▲ 54.0%

Debt €268k▼ 15.0%

The debt ratio falls from 85.8% to 76.9%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€47k▲

2023 · €9k

Cash flow

€35k▲

2023 · €-4k

Solvency

23.1%▲

2023 · 14.2%

Current ratio

5.47▲

2023 · 3.90

Quick ratio

0.69▼

2023 · 0.72

Debt / equity

3.34▼

2023 · 6.05

ROE

35.1%▲

2023 · -75.0%

ROA

8.1%▲

2023 · -10.6%

Interest coverage

3.94▲

2023 · 0.71

Debt

€268k▼

2023 · €315k

Debt ≤ 1 year

€63k▼

2023 · €92k

Debt > 1 year

€205k▼

2023 · €223k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€367k€348k▼

Fixed assets21/28€10k€4k▼

Intangible fixed assets21€0€1k▲

Tangible fixed assets22/27€10k€3k▼

Land and buildings22€6k€1k▼

Plant, machinery and equipment23€3k€1k▼

Furniture and vehicles24€1k€321▼

Current assets29/58€357k€344k▼

Stocks and contracts in progress3€291k€301k▲

Stocks30/36€291k€301k▲

Amounts receivable within one year40/41€11k€15k▲

Trade receivables40€11k€13k▲

Other amounts receivable41-€2k

Cash at bank and in hand54/58€51k€24k▼

Deferred charges and accrued income490/1€3k€4k▲

Equity and liabilities

Total equity and liabilities10/49€367k€348k▼

Equity10/15€52k€80k▲

Contributions10/11€180k€180k=

Reserves13€99k€99k=

Distributable reserves133€99k€99k=

Profit (loss) carried forward14€-227k€-199k▲

Amounts payable17/49€315k€268k▼

Amounts payable after more than one year17€223k€205k▼

Financial debts170/4€223k€205k▼

Amounts payable within one year42/48€92k€63k▼

Current portion of amounts payable after more than one year42€42k€18k▼

Trade debts44€15k€9k▼

Suppliers440/4€15k€9k▼

Advances received on contracts in progress46€0€25k▲

Taxes, remuneration and social security45€11k€11k▲

Taxes450/3€9k€11k▲

Remuneration and social security454/9€3k€0▼

Other amounts payable47/48€23k€0▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€7k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€17k€0▼

Other operating charges640/8€2k€2k▲

Gross operating margin9900€28k€49k▲

Operating profit (loss)9901€-26k€40k▲

Financial income75/76B€0€9▲

Recurring financial income75€0€9▲

Financial charges65/66B€13k€12k▼

Recurring financial charges65€13k€12k▼

Profit (loss) for the period before taxes9903€-39k€28k▲

Profit (loss) for the period9904€-39k€28k▲

Profit (loss) for the period to be appropriated9905€-39k€28k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-227k€-199k▲

Profit (loss) brought forward from the previous period14P€-188k€-227k▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

10-04

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

30-09

Financial Back to profitnet €28k

Net result €28k after 4 loss-making years.

26-03

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

21-04

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

21-02

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

30-03

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

30-09

Financial Weakest financial yearnet €-122k ▼261%

Net result drops to €-122k, the lowest in the series; recovery starts the following year.

2019

11-12

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

30-09

Financial Highest result since 2018net €76k ▲244%

Operating result €113k, net result €76k, both a record.

22-03

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

27-02

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 303 days late

2017

07-04

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

30-06

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 61 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Brasschaat · 1 establishment unit since 2013

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Brechtsebaan 772930 Brasschaat

Ground area

126 m²

Building footprint

75 m²

Volume, LiDAR

547 m³

Parcel 11322C0027/00G002, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

SPRINGRID

Brechtsebaan 77, 2930 BrasschaatGrowing of flowers

since 20132.217.110.885

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11322C0027/00G002	Flanders	126 m²	1 · 75 m²	10.6 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2023 · 6 entries · 26,660 EUR awarded · 26,660 EUR paid

Year	Entries	awarded	paid
2023	6	26,660 EUR	26,660 EUR

Schemes

Vlaams beschermingsmechanisme 7 (stopgezet)

1 entry · 10,034 EUR · 10,034 EUR paid · Fonds voor Innoveren en Ondernemen

Vlaams Beschermingsmechanisme 8 (stopgezet)

1 entry · 7,500 EUR · 7,500 EUR paid · Fonds voor Innoveren en Ondernemen

Vlaams Beschermingsmechanisme 9 (stopgezet)

1 entry · 4,269 EUR · 4,269 EUR paid · Fonds voor Innoveren en Ondernemen

Nieuw Vlaams Beschermingsmechanisme (NVB) - stopgezet

1 entry · 2,166 EUR · 2,166 EUR paid · Fonds voor Innoveren en Ondernemen

Vlaams Beschermingsmechanisme 5 (stopgezet)

1 entry · 1,797 EUR · 1,797 EUR paid · Fonds voor Innoveren en Ondernemen

Show 1 more

Vlaams Beschermingsmechanisme 6 (stopgezet)

1 entry · 894 EUR · 894 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Bilzen-Hoeselt · Eq €79k

AB Fineq

BE 0878.168.219

Boortmeerbeek · Eq €81k

Of 3,831 companies in sector 47210 we hold annual accounts for 965. 788 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded17-01-2013

Fiscal year end30-09

Activities, NACEBEL

47210Retail sale of fruit and vegetables

47810Retail trade

47789Other retail sale of new goods

47890Retail trade

74201Photography, excluding press photography

77210Renting and leasing of sports and recreation goods

77221Rental and leasing activities

77224Rental and leasing activities

77229Renting and leasing of other personal and household goods

77299Rental and leasing activities

77330Rental and leasing activities

77399Renting and leasing of other machinery, equipment and tangible goods

82990Other business support services

Sources

Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.