Equity
-€25,131
Debts exceed assets in financial year 2025.
Springtide Projects
Overview
Lifetime
5 annual accounts with figures on one time axisGross marginpeak €138,177 (2023)
-€45,962▼ €108,343
Resultlowest -€48,903 (2025)
-€48,903▼ €101,423
Equitypeak €182,252 (2023)
-€25,131▼ €48,903
Debts
€47,701▼ 6.3%
Board1 name since 2021
1 directorVERSTRAETE Jesse Luc Marie
Documentsfilings and deeds
29-07-20262 days before the deadline
2025micro format
Gross margin from €62,381 to -€45,962Loss of €48,903Equity from €23,772 to -€25,131
Key points
from the 2025 annual accountsResult
-€48,903 -€48,903
From profit to loss in 2025, after a profit of €52,520 in 2024.
Debts
€47,701 211% of the balance sheet
Financial debts 0%Suppliers 3%Taxes and wages 7%Other 90%
Liquidity
0.46 was 1.43 in 2024
Short-term debts fell from €50,901 to €47,701.
Filings
5 annual accounts 2 late
The 2024 accounts came latest: 30 days after the end of the period.
Position in the sector
-111.3%
Lower solvency than 95% of companies in advertising and market research. Sector median 53.3% · 8,600 companies.
Turnover not published (micro format)
Checked score
52
Fair
Financially stronger than 3% of micro companies in advertising and market research (NACE 73)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,229 companies (NACE 73, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 1.1%▲ +0.2 percentage points vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 1.6%▲ +0.5 percentage points vs 07-2025
09-2025: 0.5%▼ -1.1 percentage points vs 08-2025lowest value
10-2025: 0.5%● unchanged vs 09-2025lowest value
11-2025: 0.5%● unchanged vs 10-2025lowest value
12-2025: 0.5%● unchanged vs 11-2025lowest value
01-2026: 0.5%● unchanged vs 12-2025lowest value
02-2026: 0.5%● unchanged vs 01-2026lowest value
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.6%▲ +0.1 percentage points vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.5%▼ -0.1 percentage points vs 06-2026
08-2026: 1.7%▲ +1.2 percentage points vs 07-2026
09-2026: 1.7%● unchanged vs 08-2026
10-2026: 1.8%▲ +0.1 percentage points vs 09-2026highest value
11-2026: 1.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€25,131
Liquidity: current ratio 0.46
Loss of €48,903 (financial year 2025)
lowers risk
Size: total assets €22,570
Calculation
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 73, micro). It does better than 5% of them on solvency, 1% on liquidity, 6% on profitability and 2% on growth.
The bankruptcy probability was computed on 05-11-2026 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).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as Springtide Projects has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Springtide Projects itself: 1.8% within 12 months.
Test of the method
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 6,008 companies, not a prediction for Springtide Projects. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.46 (1.43 in 2024), below 1. Short-term debt is 211.3% of total assets. Equity is negative.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€25,131
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 29-07-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 days early
2024
30 days late
2023
3 days late
2022
31 days early
2021
37 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 7 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0766264168
Registered office moved from Forest to Brussels
New registered office: Ambiorixsquare 3, 1000 Brussel · Previous registered office: Molièrelaan 93, 1190 Vorst · Gazette deed
Incorporation
Founding capital of €10,000, 100 shares · Appointment: VERSTRAETE Jesse Luc Marie (director) · Registered office clause: Molièrelaan 93, 1190 Vorst · published on 06-04-2021 · Gazette deed
First establishment
Ambiorixsquare 3, Brussels
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Springtide Projects Brussels | €22,570 | -€45,962 | -111.3% | - |
| INSPIRED COMMS Brussels | €25,861 | -€8,473 | 85.3% | - |
| Elite Group Watermael-Boitsfort | €26,332 | -€3,019 | -1074.3% | - |
| Marketing Opérationnel – Ophélie Demoulin Ixelles | €19,625 | -€5,473 | 25.8% | - |
| Lecit Oostrozebeke | €23,847 | -€2,335 | -28.0% | - |
| ALICATO Hoegaarden | €22,441 | -€9,778 | 63.0% | - |
| CONREAL Raeren | €20,520 | -€22,276 | -141.1% | - |
These companies have the same main activity as Springtide Projects: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €19,600 and €26,300, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 01-04-2021Normal situation
- Activity
- Public relations and communication consultancyNACE 73300and 2 others
- Establishment unit
- 2.316.209.8471000 Brussels, since 01-04-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 02-01-2026
Annual accounts 2025
- Gross margin
- -€45,962
- Loss
- €48,903
- Equity
- -€25,131
- Total assets
- €22,570▼ 69.8%
- Filing
- Filed on 29-07-2026, 2 days before the end of the filing period
Insights on Springtide Projects
Springtide Projects files the micro format. That format states no turnover. The gross margin fell from €12,793 in 2021 to -€45,962 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 29-07-2026, 2 days before the deadlineGross margin
-€45,962
▼ €108,343
Operating result
-€47,882
▼ €107,302
Loss
-€48,903
▼ €101,423
Working capital
-€25,542
▼ €47,654
Solvency
-111.3%
▼ 143.2 percentage points
Current ratio
0.46
▼ 0.97
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €22,570 on 31-12-2025What the company ownsHow it is paid for
Change in equityin euro
Change in cash
Position in the sector
Solvency-111.3%
Lower than 95% of 8,600 companies in 2025.
Current ratio0.46
Higher than 10% of 8,278 companies in 2025.
Return on assets-216.7%
Lower than 95% of 8,387 companies in 2025.
Springtide Projects
Middle half of the sector
80% of the sector
Micro accounts in advertising and market research (NACE 73)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
Total assets20/58 |
22,570 | 74,674 | 194,940 | 78,049 | 39,997 | |
Formation expenses20 |
- | - | - | - | 592 | |
Fixed assets21/28 |
411 | 1,661 | 3,621 | 3,171 | 1,185 | |
Tangible fixed assets22/27 |
411 | 1,661 | 3,621 | 3,171 | 1,185 | |
Furniture and vehicles24 |
411 | 1,661 | 3,621 | 3,171 | 1,185 | |
Current assets29/58 |
22,159 | 73,012 | 191,319 | 74,878 | 38,220 | |
Amounts receivable within one year40/41 |
16,575 | 50,346 | 189,501 | 12,787 | 21,107 | |
Trade receivables40 |
- | - | 17,242 | - | 18,107 | |
Other amounts receivable41 |
16,575 | 50,346 | 172,259 | 12,787 | 3,000 | |
Cash at bank and in hand54/58 |
- | 13,924 | 1,568 | 62,091 | 16,847 | |
Deferred charges and accrued income490/1 |
5,584 | 8,743 | 250 | - | 266 | |
| Balance sheet: equity and liabilities | ||||||
Total equity and liabilities10/49 |
22,570 | 74,674 | 194,940 | 78,049 | 39,997 | |
Equity10/15 |
-25,131 | 23,772 | 182,252 | 75,795 | 18,404 | |
Contributions10/11 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
Profit (loss) carried forward14 |
-35,131 | 13,772 | 172,252 | 65,795 | 8,404 | |
Amounts payable17/49 |
47,701 | 50,902 | 12,689 | 2,254 | 21,593 | |
Amounts payable within one year42/48 |
47,701 | 50,901 | 12,689 | 2,254 | 21,593 | |
Financial debts43 |
6 | - | - | - | - | |
Other loans439 |
6 | - | - | - | - | |
Trade debts44 |
1,659 | 898 | 987 | 620 | - | |
Suppliers440/4 |
1,659 | 898 | 987 | 620 | - | |
Taxes, remuneration and social security45 |
3,128 | 9,004 | 11,701 | 1,500 | 8,299 | |
Taxes450/3 |
3,128 | 9,004 | 11,701 | 1,500 | 8,299 | |
Other amounts payable47/48 |
42,908 | 41,000 | - | 134 | 13,294 | |
Accrued charges and deferred income492/3 |
- | 1 | - | - | - | |
| Income statement | ||||||
Gross operating margin9900 |
-45,962 | 62,381 | 138,177 | 80,886 | 12,793 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
1,250 | 1,960 | 1,899 | 1,653 | 2,174 | |
Other operating charges640/8 |
669 | 1,001 | 151 | 135 | 162 | |
Operating profit (loss)9901 |
-47,882 | 59,420 | 136,126 | 79,098 | 10,457 | |
Financial income75/76B |
- | 6,729 | 815 | - | - | |
Recurring financial income75 |
- | 6,729 | 815 | - | - | |
Financial charges65/66B |
1,022 | 514 | 1,031 | 1,581 | 53 | |
Recurring financial charges65 |
1,022 | 514 | 1,031 | 1,581 | 53 | |
Profit (loss) for the period before taxes9903 |
-48,903 | 65,636 | 135,910 | 77,517 | 10,404 | |
Income taxes67/77 |
- | 13,115 | 29,454 | 20,126 | 2,000 | |
Profit (loss) for the period9904 |
-48,903 | 52,520 | 106,456 | 57,391 | 8,404 | |
Profit (loss) for the period to be appropriated9905 |
-48,903 | 52,520 | 106,456 | 57,391 | 8,404 | |
| Appropriation of the result | ||||||
Profit (loss) to be appropriated9906 |
-35,131 | 224,772 | 172,252 | 65,795 | 8,404 | |
Profit (loss) brought forward from the previous period14P |
13,772 | 172,252 | 65,795 | 8,404 | - | |
Profit to be distributed694/7 |
- | 211,000 | - | - | - | |
Return on contributions (dividend)694 |
- | 211,000 | - | - | - | |
| 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 29-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00369585 | |
| 31-12-2024 | micro format | 30-08-2025 | 2025-00451399 | |
| 31-12-2023 | micro format | 03-08-2024 | 2024-00331568 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00199585 | |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20145750 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| EBITDA | -46,631 | 61,380 | 138,025 | 80,751 | 12,631 | |
| Cash flow | -47,653 | 54,480 | 108,356 | 59,044 | 10,578 | |
| Investment in fixed assets (approximation) | 0 | 0 | 2,349 | 3,047 | 1,535 | |
| Change in cash | - | 12,356 | -60,523 | 45,244 | - | |
| Working capital | -25,542 | 22,111 | 178,630 | 72,624 | 16,627 | |
| Solvency | -111.3% | 31.8% | 93.5% | 97.1% | 46.0% | |
| Current ratio | 0.46 | 1.43 | 15.08 | 33.22 | 1.77 | |
| Debt to equity | - | 2.14 | 0.07 | 0.03 | 1.17 | |
| ROE | - | 220.9% | 58.4% | 75.7% | 45.7% | |
| ROA | -216.7% | 70.3% | 54.6% | 73.5% | 21.0% | |
| Interest coverage | -45.65 | over 100 | over 100 | 51.09 | over 100 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €2,349 | €3,047 | €1,535 |
| Depreciation and write-downs of the year | €1,250 | €1,960 | €1,899 | €1,653 | €2,174 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Springtide Projects
The operating result for 2025 is a loss of €47,882, after a profit of €59,420 in 2024. It is the lowest result since 2021.
Equity is negative. Debt (€47,701) exceeds the balance-sheet total (€22,570).
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 01-04-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 29-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 06-04-2021
Mandates through the years
1 name, the dashed line is todayVERSTRAETE Jesse Luc Marie
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- VERSTRAETE Jesse Luc Marie
- Director (not named in the articles), from 01-04-2021 to date
Control
Capital
- Contribution
- €10,000
- Source
- 2025 annual accounts
Articles of association
deed of 06-04-2021 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Tuesday of June at 14:00
Network & group
No group
Springtide Projects has no parent and no holdings in its annual accounts. VERSTRAETE Jesse Luc Marie is the only director. Springtide Projects shares no director with another company.
Timeline
Timeline
13 events since 2021Filings
Financial
Establishments
Address
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 2 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0766264168
2025
Weakest financial year net -€48,903 The net result drops to -€48,903, the lowest from 2021 to 2025.
Annual accounts 2024 filed PDFmicro format · 30 days late
2024
Annual accounts 2023 filed PDFmicro format · 3 days late
Registered office moved from Forest to BrusselsNew registered office: Ambiorixsquare 3, 1000 Brussel · Previous registered office: Molièrelaan 93, 1190 Vorst1 point ▸
- Registered-office move, Ambiorixsquare 3, 1000 Brussel
2023
Highest result from 2021 to 2025 net €106,456 ▲85.5% The operating result of €136,126 and the net result of €106,456 are both a record.
Equity above €150,000 equity €182,252 ▲140% With a profit in every financial year since 2021, equity grows to €182,252.
Annual accounts 2022 filed PDFmicro format · 31 days before the deadline
2022
Liquidity more than 18 times current ratio 33.22 The current ratio rises from 1.77 to 33.22. Short-term debt falls from €21,593 to €2,254.
Annual accounts 2021 filed PDFmicro format · 37 days before the deadline
2021
IncorporationFounding capital of €10,000, 100 shares · Appointment: VERSTRAETE Jesse Luc Marie (director) · Registered office clause: Molièrelaan 93, 1190 Vorst · published on 06-04-20214 points ▸
- Founding capital, €10,000, 100 shares
- Registered office clause, Molièrelaan 93, 1190 Vorst
- Board rule, 1
- Director appointment, VERSTRAETE Jesse Luc Marie (director (not named in the articles))
- The deed holds 4 more points.
First establishment Ambiorixsquare 3, Brussels
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0766.264.168
- VAT number
- BE 0766.264.168
- Peppol ID
- 0208:0766264168
- Other Peppol ID
- 9925:BE0766264168
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 01-04-2021
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Tuesday of June at 14:00deed of 06-04-2021 (in Dutch)
- Peppol
- Reachable since 02-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Springtide Projects in Dutch
- Abbreviation
- STP in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 06-04-2021 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Brussels Hoofdstedelijke Gewest”deed of 06-04-2021 (in Dutch)
Activities
NACEBEL 202573300
Public relations and communication consultancy main activity
70200
Business and other management consultancy
82300
Organisation of conventions and trade shows
Codes under NACEBEL 2008
70210
Activities of head offices; management consultancy activities main activity
70220
Business consulting
82300
Organisation of conventions and trade shows
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Communicatie consultancy (PR); Strategie Communicatie; Crisis Communicatie; Management Consultancy; Organisatie van evenementen”deed of 06-04-2021 (in Dutch)
5 activities
- Communicatie consultancy (PR)
- Strategie Communicatie
- Crisis Communicatie
- Management Consultancy
- Organisatie van evenementen
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Ambiorixsquare 3 registered office 1000 Brussels | 01-04-2021 | 2.316.209.847 |
1 former office
- Molièrelaan 93, 1190 Vorst until the deed of 18-06-2024
Buildings and parcels at the address
- Ground area
- 137 m²
- Buildings
- 80 m²
- Volume, LiDAR
- 1,166 m³
- Tallest building
- 18.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21806F0103/00F002 | 137 m² | 1 · 80 m² | 18.1 m · 5 |