Result
The result fell in 2025: merger with SPRINGVIS DEVELOPMENT.
The result fell in 2025: merger with SPRINGVIS DEVELOPMENT.
The abbreviated format states no turnover.
Of this, €248,529 falls due within a year.
Green is investment, beige is depreciation.
Short-term debts fell from €338,864 to €248,529.
The 2020 accounts came latest: 60 days after the end of the period.
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 6 in 1,000 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 68, micro). It does better than 43% of them on solvency, 45% on liquidity, 30% on profitability and 56% 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 30-11-2025.
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, 4,107 companies had the same profile as SPRINGVIS has now. Each dot stands for 11 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SPRINGVIS itself: 0.6% 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 4,107 companies, not a prediction for SPRINGVIS. 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 ample, with a current ratio of 5.29 (3.74 in 2024), above the usual 1.5. Short-term debt is 14.6% and cash 0.9% of total assets. However, 76.4% 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 12 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| SPRINGVIS Sint-Niklaas | €1.7m | €74,397 | 23.6% | - |
| KOUTERVEST Zele | €1.4m | €90,883 | 2.1% | - |
| KUANZA Ghent | €1.6m | €110,811 | -0.8% | - |
| MALAMO Ninove | €1.3m | €70,418 | 18.7% | - |
| WONDELGEM Vastgoed Ghent | €1.8m | €76,567 | 18.5% | - |
| DE STIP Ghent | €1.8m | €94,777 | 31.3% | - |
| ELEAN INVEST Herk-de-Stad | €1.5m | €75,027 | 68.0% | - |
These companies have the same main activity as SPRINGVIS: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.3m and €1.8m, founded between 2012 and 2016.
SPRINGVIS files the abbreviated format. That format states no turnover. The gross margin rose from -€13,219 in 2015 to €74,397 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €100,000 and €380,000.
Higher than 43% of 11,288 companies in 2025.
Higher than 85% of 10,839 companies in 2025.
Higher than 50% of 11,173 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
Total assets20/58 |
1.7m | 1.6m | 1.2m | 990,194 | 1.0m | 898,461 | 595,210 | 1.2m | 758,254 | 785,495 | |
Fixed assets21/28 |
385,215 | 365,790 | 291,378 | 291,735 | 291,000 | 173,000 | 173,000 | 173,000 | - | - | |
Tangible fixed assets22/27 |
147,715 | 128,290 | 378 | 735 | - | - | - | - | - | - | |
Land and buildings22 |
122,354 | 128,290 | - | - | - | - | - | - | - | - | |
Furniture and vehicles24 |
25,361 | 0 | 378 | 735 | - | - | - | - | - | - | |
Financial fixed assets28 |
237,500 | 237,500 | 291,000 | 291,000 | 291,000 | 173,000 | 173,000 | 173,000 | - | - | |
Current assets29/58 |
1.3m | 1.3m | 939,022 | 698,459 | 723,331 | 725,461 | 422,210 | 1.1m | 758,254 | 785,495 | |
Amounts receivable after more than one year29 |
787,774 | 760,792 | 129,000 | 129,000 | 106,000 | - | - | - | - | - | |
Other amounts receivable291 |
787,774 | 760,792 | 129,000 | 129,000 | 106,000 | - | - | - | - | - | |
Stocks and contracts in progress3 |
470,000 | 450,000 | - | - | - | - | - | - | - | - | |
Stocks30/36 |
470,000 | 450,000 | - | - | - | - | - | - | - | - | |
Amounts receivable within one year40/41 |
39,705 | 32,951 | 89,784 | 3,437 | 19,714 | 53,095 | 25,809 | 12,716 | 89,556 | 1,165 | |
Trade receivables40 |
0 | 16,569 | 89,292 | 0 | 15,125 | - | 471 | - | 89,275 | - | |
Other amounts receivable41 |
39,705 | 16,382 | 492 | 3,437 | 4,589 | 53,095 | 25,338 | 12,716 | 281 | 1,165 | |
Cash at bank and in hand54/58 |
16,044 | 22,262 | 32,245 | 5,868 | 42,099 | 152,471 | 269,369 | 172,960 | 200,961 | 17,753 | |
Deferred charges and accrued income490/1 |
- | 0 | 687,993 | 560,153 | 555,517 | 519,895 | 127,032 | 878,864 | 467,737 | 766,577 | |
| Balance sheet: equity and liabilities | |||||||||||
Total equity and liabilities10/49 |
1.7m | 1.6m | 1.2m | 990,194 | 1.0m | 898,461 | 595,210 | 1.2m | 758,254 | 785,495 | |
Equity10/15 |
401,723 | 386,931 | 203,276 | 241,799 | 259,275 | 276,935 | 336,670 | 164,950 | 28,659 | -8,305 | |
Contributions10/11 |
25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 6,200 | |
Issued capital100 |
- | - | - | - | - | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
Uncalled capital101 |
- | - | - | - | - | - | - | - | - | 18,800 | |
Reserves13 |
376,723 | 361,931 | 178,276 | 216,799 | 234,275 | 251,935 | 311,670 | 139,950 | 3,659 | - | |
Non-distributable reserves130/1 |
- | 0 | 2,500 | 2,500 | 2,500 | - | - | - | - | - | |
Legal reserve130 |
- | - | - | - | - | 2,500 | 2,500 | 2,500 | 2,500 | - | |
Reserves not available under the articles1311 |
- | 0 | 2,500 | 2,500 | 2,500 | - | - | - | - | - | |
Distributable reserves133 |
376,723 | 361,931 | 175,776 | 214,299 | 231,775 | 249,435 | 309,170 | 137,450 | 1,159 | - | |
Profit (loss) carried forward14 |
- | - | - | - | - | - | - | - | - | -14,505 | |
Amounts payable17/49 |
1.3m | 1.2m | 1.0m | 748,395 | 755,056 | 621,525 | 258,540 | 1.1m | 729,595 | 793,800 | |
Amounts payable after more than one year17 |
1.0m | 906,000 | 430,600 | 658,000 | 658,000 | 500,000 | 250,000 | - | - | - | |
Financial debts170/4 |
1.0m | 906,000 | 430,600 | 658,000 | 658,000 | 500,000 | 250,000 | - | - | - | |
Amounts payable within one year42/48 |
248,529 | 338,864 | 4,467 | 2,582 | 13,398 | 121,525 | 8,540 | 18,371 | 79,393 | 783,800 | |
Current portion of amounts payable after more than one year42 |
7,992 | - | - | - | - | - | - | - | - | - | |
Financial debts43 |
0 | 120,000 | - | - | - | - | - | - | - | - | |
Credit institutions430/8 |
0 | 120,000 | - | - | - | - | - | - | - | - | |
Trade debts44 |
159,889 | 199,524 | 420 | 262 | 13,398 | 121,525 | 3,585 | 15,229 | 5,750 | - | |
Suppliers440/4 |
159,889 | 199,524 | 420 | 262 | 13,398 | 121,525 | 3,585 | 15,229 | 5,750 | - | |
Advances received on contracts in progress46 |
45,000 | - | - | - | - | - | - | - | - | 15,000 | |
Taxes, remuneration and social security45 |
10,649 | 12,025 | 1,727 | - | - | - | 4,955 | 3,086 | 55,469 | - | |
Taxes450/3 |
10,649 | 12,025 | 1,727 | - | - | - | 4,955 | 3,086 | 55,469 | - | |
Other amounts payable47/48 |
25,000 | 7,316 | 2,320 | 2,320 | - | - | - | 56 | 18,174 | 768,800 | |
Accrued charges and deferred income492/3 |
- | 0 | 592,056 | 87,813 | 83,658 | - | - | 1.1m | 650,203 | 10,000 | |
| Income statement | |||||||||||
Gross operating margin9900 |
74,397 | 213,105 | -35,851 | -15,629 | -16,966 | -56,779 | 238,924 | 208,395 | 21,100 | -13,219 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
9,587 | 11,755 | 358 | 338 | - | - | - | - | - | - | |
Other operating charges640/8 |
1,179 | 3,894 | 1,645 | 1,281 | 539 | 2,747 | 2,119 | 1,147 | 602 | 1,169 | |
Operating profit (loss)9901 |
63,631 | 197,456 | -37,854 | -17,249 | -17,505 | -59,526 | 236,804 | 207,248 | 20,499 | -14,387 | |
Financial income75/76B |
746 | 0 | 0 | 10 | 0 | 0 | 10,900 | - | - | 0 | |
Recurring financial income75 |
746 | 0 | 0 | 10 | 0 | 0 | 10,900 | - | - | 0 | |
Financial charges65/66B |
41,355 | 39,825 | 669 | 237 | 155 | 209 | 1,029 | 176 | 30 | 118 | |
Recurring financial charges65 |
41,355 | 39,825 | 669 | 237 | 155 | 209 | 1,029 | 176 | 30 | 118 | |
Profit (loss) for the period before taxes9903 |
23,022 | 157,631 | -38,523 | -17,476 | -17,660 | -59,735 | 246,676 | 207,072 | 20,469 | -14,505 | |
Income taxes67/77 |
8,231 | 8,116 | - | - | - | - | 74,955 | 70,781 | 2,305 | - | |
Profit (loss) for the period9904 |
14,791 | 149,516 | -38,523 | -17,476 | -17,660 | -59,735 | 171,720 | 136,292 | 18,164 | -14,505 | |
Profit (loss) for the period to be appropriated9905 |
14,791 | 149,516 | -38,523 | -17,476 | -17,660 | -59,735 | 171,720 | 136,292 | 18,164 | -14,505 | |
| Appropriation of the result | |||||||||||
Profit (loss) to be appropriated9906 |
14,791 | 149,516 | -38,523 | -17,476 | -17,660 | -59,735 | 171,720 | 136,292 | 3,659 | -14,505 | |
Transfer from equity791/2 |
- | 0 | 38,523 | 17,476 | 17,660 | 59,735 | - | - | - | - | |
Transfer to equity691/2 |
14,791 | 149,516 | - | - | - | - | 171,720 | 136,292 | 3,659 | - | |
To the legal reserve6920 |
- | - | - | - | - | - | - | - | 2,500 | - | |
To other reserves6921 |
14,791 | 149,516 | - | - | - | - | 171,720 | 136,292 | 1,159 | - | |
| Document | |||||||||||
The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 05-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-11-2025 | abbreviated format | 05-06-2026 | 2026-00145217 | |
| 30-11-2024 | abbreviated format | 21-05-2025 | 2025-00102676 | |
| 31-12-2022 | abbreviated format | 29-09-2023 | 2023-00473076 | |
| 31-12-2021 | abbreviated format | 30-06-2022 | 2022-20144733 | |
| 31-12-2020 | abbreviated format | 29-09-2021 | 2021-70300495 | |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-48200180 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-57900386 | |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-52900454 | |
| 31-12-2016 | micro format | 07-07-2017 | 2017-28600175 | |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-50900257 |
| Line | Trend | 2025 | 2024 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 73,217 | 209,211 | -37,496 | -16,911 | - | - | - | - | - | - | |
| Cash flow | 24,378 | 161,271 | -38,165 | -17,137 | - | - | - | - | - | - | |
| Investment in fixed assets (approximation) | 29,011 | 6,500 | 0 | 1,074 | 118,000 | - | - | 173,000 | - | - | |
| Change in cash | -6,219 | - | 26,376 | -36,231 | -110,372 | -116,898 | 96,410 | -28,002 | 183,208 | - | |
| Working capital | 1.1m | 927,141 | 934,555 | 695,877 | 709,933 | 603,935 | 413,670 | 1.0m | 678,861 | 1,695 | |
| Solvency | 23.6% | 23.7% | 16.5% | 24.4% | 25.6% | 30.8% | 56.6% | 13.3% | 3.8% | -1.1% | |
| Current ratio | 5.29 | 3.74 | - | - | 53.99 | 5.97 | 49.44 | 57.95 | 9.55 | 1.00 | |
| Quick ratio | 3.39 | 2.41 | - | - | 53.99 | 5.97 | 49.44 | 57.95 | 9.55 | 1.00 | |
| Debt to equity | 3.23 | 3.22 | 5.05 | 3.10 | 2.91 | 2.24 | 0.77 | 6.50 | 25.46 | - | |
| ROE | 3.7% | 38.6% | -19.0% | -7.2% | -6.8% | -21.6% | 51.0% | 82.6% | 63.4% | - | |
| ROA | 0.9% | 9.2% | -3.1% | -1.8% | -1.7% | -6.6% | 28.9% | 11.0% | 2.4% | -1.8% | |
| Interest coverage | 1.77 | 5.25 | -56.07 | -71.41 | - | - | - | - | - | - |
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 | 30-11-2025 | 30-11-2024 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €29,011 | €0 | - | €1,074 |
| Financial fixed assets | - | €6,500 | - | - |
| Depreciation and write-downs of the year | €9,587 | €11,755 | €358 | €338 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 68% lower than in 2024.
Debt's share of the balance-sheet total rises from 76.3% to 76.4%. Equity and debt are higher.
Source: lists of holdings in the owners' accounts
Source: list of holdings in its own 2019 accounts. Every holding stands with its own latest accounts.
| The Meraki - HUB
registered office since 06-04-2022 · founded in 2022 |
total assets €691,159 (2026) 0784.538.869 |
| BEO ARCHITECTEN
establishment since 23-12-2013 · founded in 2013 |
total assets €300,193 (2025) 0543.546.725 |
| SR Interieur
registered office since 13-02-2024 · founded in 2024 |
total assets €45,654 (2025) 1005.962.650 |
| Mabro Technics
registered office since 13-04-2026 |
founded in 2026 1036.804.195 |
| SnapCore
registered office since 21-09-2025 |
founded in 2025 1027.901.080 |
| Glasgow
registered office since 08-06-2023 |
founded in 2023 0802.552.264 |
| Werner Van Mechelen
registered office since 01-06-2022 |
founded in 2022 0786.209.546 |
| VME Residentie The Meraki, Koningin Astridlaan 25B te 9100 Sint-Niklaas
registered office since 13-01-2022 |
founded in 2022 0784.464.635 |
| Dullaert & Partners
registered office since 09-03-2020 |
founded in 2012 0849.005.465 |
| GARLIANA via RE4M, at SPRINGVIS, last mentioned in 2023 · Director · deed of 22-11-2024 founded in 1989 · accounts filed late |
total assets €2.8m (2025) |
| Harbel via RE4M, at SPRINGVIS, last mentioned in 2023 · Director · deed of 29-11-2021 founded in 1979 |
total assets €2.5m (2025) |
| Harinvest via RE4M, at SPRINGVIS, last mentioned in 2023 · Director · deed of 29-11-2021 founded in 1980 |
total assets €1.9m (2025) |
| Garbat via RE4M, at SPRINGVIS, last mentioned in 2023 · Director · deed of 29-11-2021 founded in 1984 |
total assets €308,117 (2025) |
See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.
This company merged into SPRINGVIS on 02-10-2023.
Deadline for the 2026 accounts: 30-06-2027
Financial milestones sit on the financial year-end date, not the filing date.
All 24 environmental permit applications
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Koningin Astridlaan 25 b registered office 9100 Sint-Niklaas | ||
| Regentiestraat 12-14 9100 Sint-Niklaas | 26-05-2014 | 2.237.923.226 |
| 30-09-2026 | Under review | Nieuwbouw van bijgebouwen en niet overdekte lage constructie project 2026100219 | Kalmthout |
| 01-06-2026 | Granted | Bouwen of herbouwen submitted 03-04-2026 · project 2026035790 | Hamme |
| 18-05-2026 | Granted | Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Verbouwen en/of uitbreiden van bijgebouwen, niet-overdekte lage constructies of wijzigen van andere beperkte handelingen; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 02-12-2025 · project 2025141547 | Hamme |
| 22-12-2025 | Granted | Nieuwbouw of aanleggen; Slopen of verwijderen submitted 01-10-2025 · project 2024119079 | Waasmunster |
| 01-12-2025 | Granted | Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen; Verbouwen / Wijzigen Infrastructuur submitted 12-09-2025 · project 2025105017 | Sint-Niklaas |
| 01-12-2025 | Granted | Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen; Verbouwen / Wijzigen Infrastructuur submitted 16-09-2025 · project 2025104130 | Sint-Niklaas |
| 23-10-2025 | Granted | Bouwen of herbouwen; Hoogstammige bomen vellen die geen deel uitmaken van een bos; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Verwijderen van vrijstaande gebouwen submitted 18-12-2020 · project 2020171646 | Provincie Oost-Vlaanderen |
| 09-10-2025 | No decision taken | Bouwen of herbouwen; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Ontbossen; Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen submitted 21-06-2023 · project 2023072143 | RVVB |
| 23-06-2025 | Granted | Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden submitted 11-04-2025 · project 2025047299 | Waasmunster |
| 06-06-2025 | Discontinued | Verbouwen / Wijzigen Infrastructuur; Verwijderen van vrijstaande gebouwen submitted 14-07-2024 · project 2024026524 | Provincie Oost-Vlaanderen |
The 10 most recent of 24 applications.
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46443E0360/00T007 | 1,056 m² | 1 · 640 m² | 14.5 m · 1 |
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 0552.943.253
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