Equity
Debts exceed assets in financial year 2026.
Debts exceed assets in financial year 2026.
The 2022 accounts came latest: 361 days after the end of the period.
Lower solvency than 95% of companies in advertising and market research. Sector median 45.4% · 94 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).
About 1 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 73, micro). It does better than 5% of them on solvency, 1% on liquidity, 6% on profitability and 1% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-03-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 6,008 companies had the same profile as SPRINGTIME has now. Each dot stands for 16 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SPRINGTIME itself is lower: 1.5% within 12 months. It rests on far more data about SPRINGTIME than the profile alone.
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 SPRINGTIME. 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.
The balance sheet total is too small for a liquidity verdict. Equity is negative.
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 41 days after 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.
| Company | ||||
|---|---|---|---|---|
| SPRINGTIME Grez-Doiceau | €2,639 | -€22,132 | -1093.8% | - |
| L&I PARTNERS Kraainem | €2,340 | -€66 | -303.3% | - |
| NEWRONE Grez-Doiceau | €2,568 | -€18,285 | -854.7% | - |
| EQSCIENCE Vielsalm | €2,103 | -€4,890 | -4450.7% | - |
| XPRIENCE Verviers | €2,080 | -€2,873 | -4604.1% | - |
| CRYPTIMMO Hasselt | €2,945 | -€6,173 | -880.0% | - |
| LEAFLIGHT Overijse | €2,553 | -€3,836 | -1369.5% | - |
These companies have the same main activity as SPRINGTIME: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €2,080 and €2,950, founded between 2018 and 2020.
SPRINGTIME files the abbreviated format. That format states no turnover. The gross margin fell from -€13,146 in 2020 to -€22,132 in 2026.
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.
Higher than 52% of 2,094 companies in 2025.
Higher than 54% of 2,010 companies in 2025.
Higher than 73% of 2,053 companies in 2025.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
2,639 | 27,095 | 28,399 | 25,044 | 14,848 | 3,568 | 44,061 | |
20 |
- | - | - | 225 | 449 | 674 | 898 | |
21/28 |
193 | 2,302 | 6,508 | 9,505 | - | - | - | |
22/27 |
193 | 2,302 | 6,508 | 9,505 | - | - | - | |
24 |
193 | 2,302 | 6,508 | 9,505 | - | - | - | |
29/58 |
2,445 | 24,794 | 21,891 | 15,314 | 14,399 | 2,895 | 43,163 | |
40/41 |
2,395 | 24,787 | 21,891 | 2,106 | 14,341 | 2,200 | 41,353 | |
40 |
2,395 | 10,782 | 10,838 | 702 | 3,243 | - | 41,353 | |
41 |
- | 14,005 | 11,053 | 1,404 | 11,098 | 2,200 | - | |
54/58 |
- | 6 | - | 12,610 | - | 677 | 1,810 | |
490/1 |
50 | - | - | 598 | 58 | 18 | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
2,639 | 27,095 | 28,399 | 25,044 | 14,848 | 3,568 | 44,061 | |
10/15 |
-28,862 | 12,768 | 9,336 | -1,445 | -673 | -9,041 | -7,798 | |
10/11 |
31,200 | 31,200 | 31,200 | 31,200 | 31,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | |
11 |
31,200 | 31,200 | 31,200 | - | - | - | - | |
1109/19 |
31,200 | 31,200 | 31,200 | - | - | - | - | |
14 |
-60,062 | -18,432 | -21,864 | -32,645 | -31,873 | -15,241 | -13,998 | |
17/49 |
31,501 | 14,328 | 19,062 | 26,489 | 15,521 | 12,610 | 51,859 | |
42/48 |
31,501 | 14,328 | 19,062 | 26,489 | 15,521 | 12,610 | 51,859 | |
43 |
1,460 | - | 1,097 | 1,306 | 597 | 73 | 376 | |
430/8 |
1,460 | - | 1,097 | 1,306 | 597 | - | 376 | |
439 |
- | - | - | - | - | 73 | - | |
44 |
3,414 | 9,579 | 2,857 | 12,371 | 6,704 | 6,482 | 40,883 | |
440/4 |
3,414 | 9,579 | 2,857 | 12,371 | 6,704 | 6,482 | 40,883 | |
45 |
844 | 254 | 1,197 | 1,899 | - | - | 4,295 | |
450/3 |
844 | 254 | 1,197 | 1,899 | - | 0 | 4,295 | |
47/48 |
25,784 | 4,494 | 13,911 | 10,913 | 8,220 | 6,055 | 6,305 | |
| Income statement | ||||||||
9900 |
-22,132 | 8,524 | 17,637 | 2,674 | -12,903 | -674 | -13,146 | |
62 |
- | - | - | - | 3,290 | - | - | |
630 |
2,108 | 4,206 | 4,237 | 2,322 | 225 | 225 | 225 | |
640/8 |
493 | 368 | 1,843 | 800 | - | 168 | 475 | |
9901 |
-24,733 | 3,949 | 11,557 | -448 | -16,418 | -1,066 | -13,846 | |
75/76B |
7 | - | - | - | - | - | - | |
75 |
7 | - | - | - | - | - | - | |
65/66B |
16,741 | 518 | 645 | 324 | 214 | 177 | 152 | |
65 |
16,741 | 518 | 645 | 324 | 214 | 177 | 152 | |
9903 |
-41,468 | 3,432 | 10,912 | -772 | -16,632 | -1,243 | -13,998 | |
67/77 |
162 | - | 132 | - | - | - | - | |
9904 |
-41,630 | 3,432 | 10,781 | -772 | -16,632 | -1,243 | -13,998 | |
9905 |
-41,630 | 3,432 | 10,781 | -772 | -16,632 | -1,243 | -13,998 | |
| Appropriation of the result | ||||||||
9906 |
-60,062 | -18,432 | -21,864 | -32,645 | -31,873 | -15,241 | -13,998 | |
14P |
-18,432 | -21,864 | -32,645 | -31,873 | -15,241 | - | - | |
| Document | ||||||||
The notes to these accounts have 3 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 2026 at the NBB, filed on 30-09-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | abbreviated format | 30-09-2026 | 2026-00534496 | |
| 31-03-2025 | micro format | 28-09-2025 | 2025-00510631 | |
| 31-03-2024 | micro format | 30-09-2024 | 2024-00483064 | |
| 31-03-2023 | micro format | 05-12-2023 | 2023-00522048 | |
| 31-03-2022 | micro format | 27-10-2023 | 2023-00493940 | |
| 31-03-2021 | micro format | 09-11-2021 | 2021-76800545 | |
| 31-03-2020 | micro format | 06-10-2020 | 2020-59500083 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| -22,625 | 8,156 | 15,794 | 1,874 | -16,193 | -842 | -13,621 | ||
| -39,522 | 7,638 | 15,018 | 1,550 | -16,407 | -1,019 | -13,773 | ||
| 0 | 0 | 10,745 | 11,603 | 0 | 0 | - | ||
| - | - | - | - | - | -1,133 | - | ||
| -29,055 | 10,466 | 2,828 | -11,175 | -1,122 | -9,715 | -8,696 | ||
| - | 47.1% | 32.9% | -5.8% | -4.5% | - | -17.7% | ||
| - | 1.73 | 1.15 | 0.58 | 0.93 | - | 0.83 | ||
| - | 1.12 | 2.04 | - | - | - | - | ||
| - | 26.9% | 115.5% | - | - | - | - | ||
| - | 12.7% | 38.0% | -3.1% | -112.0% | - | -31.8% | ||
| -1.35 | 15.75 | 24.51 | 5.78 | -75.67 | - | - |
The ratios are withheld because a balance sheet total of €2,639 is too small for a meaningful ratio.
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 | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €10,745 | €11,603 | - |
| €2,108 | €4,206 | €4,237 | €2,322 | €225 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is a loss of €24,733, after a profit of €3,949 in 2025. It is the lowest result since 2020.
Equity is negative. Debt (€31,501) exceeds the balance-sheet total (€2,639).
SPRINGTIME has no parent and no holdings in its annual accounts. KONINCKX Christophe Jean Simon Henri is the only director.
| GROUPEMENT FORESTIER CASTOR ET POLLUX
registered office since 25-07-2023 · founded in 2023 |
total assets €1.4m (2025) 0804.254.714 |
| Koninckx, Jean-Félix (sole trader)
establishment since 01-11-2023 |
founded in 2023 1002.273.383 |
| Koninckx, Marie-Inès (sole trader)
establishment since 01-07-2019 |
founded in 2024 0728.664.295 |
| Koninckx, Christophe (sole trader)
establishment since 01-03-2016 |
founded in 2016 0650.611.167 |
| Noez, Christine (sole trader)
establishment since 01-04-2008 |
founded in 2008 0895.920.704 |
| Rhizosphère via Christophe Koninckx, no longer at Rhizosphère · Director · deed of 07-03-2023 |
founded in 2020 |
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
SPRINGTIME was incorporated on 4 April 2019 by Front Page Communication and one natural person, with a starting capital of €18,600.12 Since 2019, KONINCKX Christophe Jean Simon Henri has served as manager.3 Total assets fell from €44,061 in 2020 to €2,639 in 2026.4
| Establishment | Since | Unit number |
|---|---|---|
| Rue de la Hocaille 6 registered office 1390 Grez-Doiceau 7330001 Public relations and communication consultancy | 04-04-2019 | 2.288.987.192 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25001B0220/00Y000 | 1,104 m² | 1 · 109 m² | 12.1 m · 3 |
If something looks wrong or is missing, please tell us.