Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
55 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Spring Holdco from Gent, company number BE0785940223, closed financial year 2025 with a result of € 184,098 after tax. For that financial year Spring Holdco recorded a gross margin of € -78,508 and equity of € 152.6 million. Compared with financial year 2024, the result moved from € -1.4 million to € 184,098. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 2, 2026.
€ 152.6 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 184,098
▲ still € 1.4 million loss in 2024
Profit after tax over the fiscal year.
€ 114,288
▲ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -83,252.
Debts at end 2025
€ 98.5 million
▼ 5% vs 2024
Loans from banks and other lenders, long and short.
€ 4,532
Supplier invoices still open on the last day of the fiscal year.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -400,991 | € -101,197 | € -78,508 | ▲ € 22,689 |
| Profit after taxes | € 1,091,598 | € -1,358,947 | € 184,098 | ▲ € 1.5 million |
| Equity | € 153,792,960 | € 152,434,012 | € 152,618,110 | |
| Total debts | € 108,797,821 | € 116,542,076 | € 116,374,769 | |
| Cash | € 47,808 | € 97,497 | € 114,288 | ▲ 17% |
| Retained profit | € 1,091,598 | € -267,350 | € -83,252 | ▲ € 184,098 |
| Bank debt | € 101,150,000 | € 103,100,000 | € 98,450,000 | ▼ 5% |
| Balance sheet total | € 262,590,781 | € 268,976,088 | € 268,992,879 |
Key figures of Spring Holdco, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Spring Holdco?
What happened at Spring Holdco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 184,098. Source: NBB ↗
- Heider Ridha became a director. NBB
- New establishment in Gent. KBO
- Filiep Balcaen became a director. NBB
- Marc Janssens became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 1.1 million profit in 2023 to € 184,098 profit in 2025.
Best year ever: 2023, with € 1.1 million profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Spring Holdco are Filiep Balcaen, Heider Ridha and Marc Janssens. It owns 29.6% of Recticel itself.
Directors
According to the 2025 annual accounts
Filiep Balcaen
Chairman of the board
Also active at: Huis te Lande, ARGIBEL, BUILDING, FLANDERS INTERNATIONAL AIRPORT, Marieposa, North Beach, Floorenter, LIEGE BECASSE +23 more
since 2022
since 2023
Marc Janssens
Director
Also active at: ARGIBEL, Sharp Insurance Brokers, BUILDING, GRADA INTERNATIONAL, SERVINT, PHYTO-TECHNICS, Floorenter, LIEGE BECASSE +32 more
since 2022
Establishments
Establishment units
Physical locations of this company
Pauline Van Pottelsberghelaan 10
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 55 companies are registered at this address.
All companies at this address →Huis te Lande same network
€ -185,764 gross margin · 2025
ARGIBEL same network
€ 62,256 gross margin · 2025
BUILDING same network
€ 319,319 gross margin · 2025
Marieposa same network
€ -22,893 gross margin · 2025
North Beach same network
€ -34,684 gross margin · 2025
+50 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0785.940.223
- VAT number
- BE 0785.940.223
- Registered office
- Pauline Van Pottelsberghelaan 10, 9051 Gent
- Names & denominations
- Spring Holdco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 May 2022
- Peppol
- Active · Active since 9 Mar 2026