Active BE 0722.773.922Private limited company

Split The Sea

Keiberg(H) 101 ·8551 Zwevegem, Belgium· 7 yrs active

Sector: Business and other management consultancy (70200)

Conclusion Checked

Split The Sea has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €59k and a net result of €11k. Its solvency ranks better than 55% of 12490 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€59k
Net result	€11k
Better than sector	55%
Active	7 yrs

Financial profile 5 of 5 axes measured · computed by Checked

87 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93

Profitability 92

Solvency 100

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.5% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2019, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

93 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€5k

estimate, not credit advice

Score history

86 2023

93 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 2.25 (≥ 1.5) +10

Quick ratio Quick ratio 2.25 (≥ 1.0) +5

Leverage Debt/equity 0.55 (< 1.0) +10

Profitability ROE 18% (≥ 10%) +10

Interest coverage Interest coverage 25.7× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 10-07-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	64.5%	60.5%	better than 55% of 12490 sector peers
Net result	€11k	€31k	better than 29% of 12492 sector peers
Equity	€59k	€63k	better than 48% of 12498 sector peers
Gross operating margin	€26k	€52k	better than 31% of 12477 sector peers
Total assets	€91k	€124k	better than 38% of 12491 sector peers

EBITDA

€26k

-29.7% 23-24

Net profit

€11k

-40.4% 23-24

Cash flow

€18k

-35.5% 23-24

Total assets

€91k

-13.7% 23-24

Equity

€59k

+22.7% 23-24

Working capital

€34k

+10.5% 23-24

Employees (FTE)

0

- 23-24

Income taxes

€7k

-12.2% 23-24

Dividends

€0

-100.0% 23-24

Debt

€32k

-44.0% 23-24

Debt ≤ 1y

€27k

-41.7% 23-24

Debt > 1y

€5k

-51.9% 23-24

Current ratio

2.25

+35.6% 23-24

Quick ratio

2.25

+35.6% 23-24

Solvency

64.5%

+42.2% 23-24

Debt / equity

0.55

-54.3% 23-24

ROE

18.5%

-51.4% 23-24

ROA

11.9%

-30.9% 23-24

Interest coverage

25.72

-18.3% 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023
Deposit	micro schema	abbreviated schema
Revenue	-	-
EBITDA	€26k	€37k
Net profit	€11k	€18k
Cash flow	€18k	€28k
Staff costs	-	-
Income taxes	€7k	€8k
Dividends	€0	€9k
Total assets	€91k	€105k
Equity	€59k	€48k
Debt	€32k	€58k
of which ≤ 1y	€27k	€46k
of which > 1y	€5k	€11k
Working capital	€34k	€30k
Employees (FTE)	-	0.0

Note: these years are not on the same basis. The filed schemas differ (micro schema, abbreviated schema), so the columns are not directly comparable.

Ratios (computed)

	2024	2023
Current ratio	2.25	1.66
Quick ratio	2.25	1.66
Working capital ratio	36.9%	28.8%
Solvency	64.5%	45.4%
Debt / equity	0.55	1.20
Long-term debt ratio	0.09	0.24
Interest coverage	25.72	31.47
Gross margin	-	-
Net margin	-	-
ROA	11.9%	17.3%
ROE	18.5%	38.1%
EBITDA margin	-	-
Days sales outstanding	-	-
Days payable outstanding	-	-
Inventory turnover	-	-
Days inventory (DSI)	-	-

Balance-sheet composition 2024

Assets

Fixed assets €30k · 33.5% Current assets €60k · 66.5%

Equity & liabilities

Equity €59k · 64.5% Debt €32k · 35.5%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€91k	€105k
Fixed assets	21/28	€30k	€29k
Intangible fixed assets	21	€3k	€3k
Tangible fixed assets	22/27	€28k	€26k
Current assets	29/58	€60k	€76k
Amounts receivable within one year	40/41	€30k	€65k
Investments	50/53	€3k	-
Cash & bank	54/58	€24k	€6k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€91k	€105k
Equity	10/15	€59k	€48k
Contributions / capital	10/11	€1k	€1k
Reserves	13	€58k	€47k
Accumulated profits (losses)	14	€0	€0
Amounts payable	17/49	€32k	€58k
Amounts payable after one year	17	€5k	€11k
Amounts payable within one year	42/48	€27k	€46k
Trade debts payable within one year	44	€14k	€23k
Income statement
Gross operating margin	9900	€26k	€38k
Operating result	9901	€19k	€28k
Financial income	75	€57	€7
Financial charges	65	€1k	€1k
Result before taxes	9903	€18k	€27k
Income taxes	67/77	€7k	€8k
Net result for the period	9904	€11k	€18k
Result to be appropriated	9905	€11k	€18k

Legal Structure

NACE primary	Business and other management consultancy(70200)
Legal form	Private limited company(610)
Incorporation	14-03-2019
Status	Active
Postal code	8551

Establishment units 2 locations

Split The Sea

Keiberg(H) 101, 8551 ZwevegemGuest rooms (bed and breakfast)

since 20192.286.372.746

Split The Sea

Nelson Mandelaplein(Kor) 2, 8500 KortrijkBusiness and other management consultancy

since 20252.374.729.848

Real-estate footprint Source: CBE × cadastre

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34022E0450/00T006	Flanders	7,706 m²	1 · 4,683 m²	10.1 m · 3 fl.
34014A0757/00H000	Flanders	1,200 m²	1 · 198 m²	3.5 m · 1 fl.

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.

Updates 2 events

All 2Filings 2

2025

10-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

13-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

NBB filing

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Business and other management consultancy70200Business consulting70220Office administrative and support services82100

Names & trade names

Legal nameNL

Split The Sea

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