SPLIN
ActiveSummary
SPLIN has been active since 1938 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €4.58M and a net result of €-872k. Equity is shrinking by ~8.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability0▼-92
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €300k at 30 days acceptable
Liquidity ample (current ratio 11.16 against 4.01 in 2025; short-term debt: 7.6% and cash: 4.9% of total assets), and 10.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Sector 32
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
89.7%
Return on assets
-17.1%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 17-09-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
44 d early
2025
49 d early
2024
9 d early
2023
35 d early
2022
19 d early
2021
12 d early
2020
54 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, full schema
Turnover
€4.74M
EBIT margin
19.4%
Net result
€-872k
2025 · €1.37M
2019: €809k
2020: €718k
2021: €690k
2022: €-78k
2023: €-325k
2024: €-744k
2025: €1.37M
2019 → 2026
Working capital
€3.95M▼ 19.6%
2025 · €4.91M
2019: €8.70M
2020: €7.65M
2021: €6.08M
2022: €5.91M
2023: €5.49M
2024: €4.81M
2025: €4.91M
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€6.37M-€6.04M▼ 5.2%€5.29M▼ 12.4%€5.46M▲ 3.2%€4.58M▼ 16.0%
Operating result€-306k-€-458k▼ 49.9%€-890k▼ 94.2%€1.14M€-1.05M
Net result€-78k-€-325k▼ 315%€-744k▼ 129%€1.37M€-872k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2026: a loss of €1.05M after €1.14M in 2025, the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €5.11M
Fixed assets
€774k ▲ 14.6%
Current assets
€4.33M ▼ 33.8%
Equity and liabilities €5.11M
Equity
€4.58M ▼ 16.0%
Debt
€524k ▼ 70.2%
Debt's share of the balance-sheet total falls from 24.4% to 10.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-908k▼
2025 · €1.26M
Cash flow
€-733k▼
2025 · €1.49M
Current ratio
11.16▲
2025 · 4.01
Quick ratio
5.62▲
2025 · 2.49
Debt to equity
0.11▼
2025 · 0.32
ROE
-19.0%▼
2025 · 25.1%
ROA
-17.1%▼
2025 · 19.0%
Interest coverage
-209.25▼
2025 · 198.26
Debt ≤ 1 year
€388k▼
2025 · €1.63M
Income taxes
€1k▼
2025 · €1k
Staff costs
€952k▼
2025 · €953k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 69 lines
Balance sheet
Code20252026
Assets
Total assets20/58€7.22M€5.11M▼
Fixed assets21/28€675k€774k▲
Intangible fixed assets21€22k€13k▼
Tangible fixed assets22/27€546k€698k▲
Land and buildings22€352k€317k▼
Plant, machinery and equipment23€78k€305k▲
Furniture and vehicles24€39k€51k▲
Other tangible fixed assets26€31k€25k▼
Assets under construction and advance payments27€45k€0▼
Financial fixed assets28€108k€63k▼
Current assets29/58€6.54M€4.33M▼
Amounts receivable after more than one year29€1.78M€24k▼
Trade receivables290€110k€24k▼
Other amounts receivable291€1.67M€0▼
Stocks and contracts in progress3€2.47M€2.15M▼
Stocks30/36€2.47M€2.15M▼
Amounts receivable within one year40/41€1.17M€1.60M▲
Trade receivables40€1.12M€824k▼
Other amounts receivable41€41k€774k▲
Cash at bank and in hand54/58€814k€250k▼
Deferred charges and accrued income490/1€308k€311k▲
Equity and liabilities
Total equity and liabilities10/49€7.22M€5.11M▼
Equity10/15€5.46M€4.58M▼
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Reserves13€4.95M€4.08M▼
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Distributable reserves133€4.90M€4.03M▼
Profit (loss) carried forward14€0€0=
Investment grants15€9k€5k▼
Amounts payable17/49€1.76M€524k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€1.63M€388k▼
Current portion of amounts payable after more than one year42€59k€0▼
Trade debts44€174k€204k▲
Suppliers440/4€174k€204k▲
Advances received on contracts in progress46€17k€6k▼
Taxes, remuneration and social security45€183k€179k▼
Taxes450/3€1k€14k▲
Remuneration and social security454/9€181k€164k▼
Other amounts payable47/48€1.20M€0▼
Accrued charges and deferred income492/3€124k€136k▲
Income statement
Code20252026
Non-recurring operating income76A€0€16k▲
Remuneration, social security and pensions62€953k€952k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€120k€139k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-7k€-2k▲
Other operating charges640/8€15k€16k▲
Gross operating margin9900€2.22M€58k▼
Operating profit (loss)9901€1.14M€-1.05M▼
Financial income75/76B€238k€181k▼
Recurring financial income75€238k€181k▼
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€1.37M€-871k▼
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€1.37M€-872k▼
Profit (loss) for the period to be appropriated9905€1.37M€-872k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.37M€-872k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€0€872k▲
Transfer to equity691/2€171k€0▼
To other reserves6921€171k€0▼
Profit to be distributed694/7€1.20M€0▼
Return on contributions (dividend)694€800k€0▼
Directors or managers695€400k€0▼
Social balance
Average headcount (FTE)908711.512.0▲
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
17-09
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
31-03
Financial
Weakest financial yearnet €-872k ▼164%
Net result drops to €-872k, the lowest in the series.
31-03
Financial
Liquidity triplescurrent ratio 11.16
Current ratio from 4.01 to 11.16; short-term debt falls from €1.63M to €388k.
2025
12-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Back to profitnet €1.37M
Net result €1.37M after 3 loss-making years.
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
21 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, Thimister-Clermont · 2 establishment units since 1938
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.
Rue des Trois Entités 124890 Thimister-ClermontGround area
1.5 ha
Building footprint
3,240 m²
Volume, LiDAR
7,169 m³
2 parcels, Flanders, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Rue des Trois Entités 12, 4890 Thimister-Clermont
since 19382.009.978.570
SPLIN
since 20232.348.775.618
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71562B0914/00V011 | Flanders | 1.3 ha | 1 · 2,084 m² | - |
| 63077C0565/00P000 | Wallonia | 2,584 m² | 1 · 1,155 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 to 2025 · 3 entries · 42,015 EUR awarded · 25,209 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 0 EUR |
| 2023 | 1 | 42,015 EUR | 25,209 EUR |
Schemes
Ecologiepremie+
Similar companies · same sector, comparable size
EUROPLAY
BE 0465.721.645
Dendermonde · Eq €6.90M
Cartamundi Benelux
BE 0825.550.667
Turnhout · Eq €7.46M
SMART
BE 0448.827.611
Kontich · Eq €9.39M
SALUC
BE 0440.740.581
Péruwelz · Eq €10.23M
REPOS PRODUCTION
BE 0535.709.224
Brussel · Eq €1.87M
Of 337 companies in sector 32400 we hold annual accounts for 102. 18 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-12-1938
Fiscal year end31-03
Activities, NACEBEL 2025
32400Other manufacturing
46431Wholesale of electrical household appliances and audio-video equipment
46496Wholesale trade
47639Retail sale of other sporting goods
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.