Losses
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
The 2023 accounts came 29 days late. The other two were filed on time.
About 2 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 (no NACE code, micro). It does better than 81% of them on solvency, 95% on liquidity, 24% on profitability and 40% on growth.
The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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, 2,145 companies had the same profile as Sprinter has now. Each dot stands for 6 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Sprinter itself is lower: 0.2% within 12 months. It rests on far more data about Sprinter 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 2,145 companies, not a prediction for Sprinter. 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.
Short-term debt is 0.1% and cash 42% of total assets. 0.1% 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 3 accounts on average 8 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Sprinter files the micro format. That format states no turnover. The gross margin fell from -€2,277 in 2023 to -€5,683 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
180,885 | 183,063 | 197,981 | |
29/58 |
180,885 | 183,063 | 197,981 | |
29 |
104,864 | 100,831 | - | |
291 |
104,864 | 100,831 | - | |
40/41 |
- | 637 | 10,273 | |
41 |
- | 637 | 10,273 | |
54/58 |
76,021 | 81,596 | 187,708 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
180,885 | 183,063 | 197,981 | |
10/15 |
180,743 | 183,063 | 187,448 | |
10/11 |
200,000 | 200,000 | 200,000 | |
14 |
-19,257 | -16,937 | -12,552 | |
17/49 |
143 | - | 10,533 | |
42/48 |
143 | - | 10,533 | |
43 |
76 | - | - | |
430/8 |
76 | - | - | |
44 |
67 | - | - | |
440/4 |
67 | - | - | |
47/48 |
- | - | 10,533 | |
| Income statement | ||||
9900 |
-5,683 | -5,837 | -2,277 | |
630 |
- | - | 10,533 | |
640/8 |
520 | - | - | |
9901 |
-6,203 | -5,837 | -12,810 | |
75/76B |
4,033 | 1,467 | 273 | |
75 |
4,033 | 1,467 | 273 | |
65/66B |
151 | 15 | 15 | |
65 |
151 | 15 | 15 | |
9903 |
-2,321 | -4,384 | -12,552 | |
9904 |
-2,321 | -4,384 | -12,552 | |
9905 |
-2,321 | -4,384 | -12,552 | |
| Appropriation of the result | ||||
9906 |
-19,257 | -16,937 | -12,552 | |
14P |
-16,937 | -12,552 | - | |
| Document | ||||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 13-07-2026.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| - | - | -2,277 | ||
| - | - | -2,019 | ||
| -5,574 | -106,112 | - | ||
| 180,743 | - | 187,448 | ||
| 99.9% | 100.0% | 94.7% | ||
| - | - | 18.80 | ||
| 0.00 | - | 0.06 | ||
| -1.3% | -2.4% | -6.7% | ||
| -1.3% | -2.4% | -6.3% | ||
| - | - | -151.81 |
A ratio outside any meaningful range has been withheld (balance sheet total €180,885, equity €180,743).
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.
The operating result for 2025 is a loss of €6,203, larger than the loss of €5,837 in 2024.
Debt's share of the balance-sheet total is 0.1%.
Sprinter has no parent and no holdings in its annual accounts. BECKERS Jan-Joris is the only director.
| MOGUDA
registered office since 12-03-2019 · founded in 2019 |
total assets €114.0m (2025) 0722.656.631 |
| SUNNY SHORES
registered office since 12-03-2019 · founded in 2019 |
total assets €112.7m (2025) 0722.655.443 |
| S P R I N G
registered office since 26-11-2003 · founded in 2003 |
total assets €111.7m (2025) 0861.821.442 |
| Springbok
registered office since 19-12-2022 · founded in 2022 |
total assets €17.5m (2025) 0794.978.148 |
| NYHAVN
registered office since 01-07-2024 |
founded in 2024 1010.992.792 |
| EVIVA
registered office since 02-11-2023 |
founded in 2023 1001.855.590 |
| Stichting SK 8
registered office since 20-12-2022 |
founded in 2022 0795.139.088 |
| Stichting Pelikaan
registered office since 10-12-2020 |
founded in 2020 0759.638.771 |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Sprinter was incorporated on 19 December 2022 as a private limited company by one natural person, with a starting capital of €200,000.12 Since 2022, BECKERS Jan-Joris has served as director.3 Total assets went from €197,981 in 2023 to €180,885 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Meibloemlei 5 registered office 2900 Schoten 64210 Activities of holding companies | 19-12-2022 | 2.342.443.397 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11040D0154/00P005 | 2,479 m² | 1 · 253 m² | 9.7 m · 2 |
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