ACTIVE

SPI

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Financial year 2025 · Closed on 31/12/2025

Net result-289,7 k €-278,6 %over 1 year
Revenue20,8 M €-23,2 %over 1 year
Equity221,4 M €+7,3 %over 1 year
Workforce105,2 ETP+0,2 %over 1 year

Identity

Source · BCE/KBO

SPI is a Cooperative society incorporated in 1968. Its main activity is: Development of building projects. Its registered office is in Liège. It employs on average 105,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0204.259.135
Incorporation
13/11/1968
Legal form
Cooperative society
Registered office
Rue du Vertbois 11
4000 Liège · WallonieSee on map
Contributed capital
43 860 500,00 €
Latest accounts
31/12/2025
Average workforce
105,2 ETP
Joint committees (1)
  • CP002
Contacts
1 public detail availableLog in to view
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 44 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue20,8 M €27 M €10,8 M €13,8 M €16,5 M €
EBITDA7,2 M €8,4 M €2,9 M €7,3 M €10 M €
Operating result-2,9 M €-2,5 M €-3,3 M €-3,5 M €840,4 k €
Net result-289,7 k €-76,5 k €-1,7 M €-2,4 M €2,3 M €
Balance sheet
Equity221,4 M €206,4 M €184,9 M €183,5 M €181,8 M €
Total assets484,9 M €370,6 M €354 M €345,8 M €333,3 M €
Cash40,6 M €15,2 M €15,4 M €15,7 M €18,4 M €
Debts259 M €158,3 M €162,5 M €158,1 M €147 M €
Other
Workforce105,2 ETP105,0 ETP102,0 ETP100,0 ETP94,4 ETP

Board of directors

Source · NBB, accounts to 31/12/2025

33 active · 123 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Chanelle BONAVENTURE
Director30/06/2025 → 30/06/2031
Christian BAGUETTE
Director30/06/2025 → 30/06/2031
Christophe DEMOULIN
Director30/06/2025 → 30/06/2031
Claude KLENKENBERG
Director19/03/2024 → 30/06/2031Chairman of the board of directors25/06/2013 → 2020 accountsended
Donovan NIESSEN
Director30/06/2025 → 30/06/2031
Duygu CELIK
Director30/06/2025 → 30/06/2031
Eric JEROME
Director30/06/2025 → 30/06/2031
Eric LOMBA
Vice-chairman of the board of directors30/06/2025 → 30/06/2031Director10/12/2018 → 2020 accountsended
Fabian CULOT
Chairman of the board of directors30/06/2025 → 30/06/2031
Hervé RIGOT
Director30/06/2025 → 01/05/2026
Irwin GUCKEL
Director10/12/2018 → 30/06/2031
Isabelle STASSART
Director30/06/2025 → 30/06/2031
Katty FIRQUET
Director30/06/2025 → 30/06/2031Vice-chairman of the board of directors27/06/2019 → 30/06/2025
Linda ZWARTBOL
Director30/06/2025 → 31/01/2026
Nicole MARECHAL
Observateur30/06/2025 → 30/06/2031
René DELCOURT
Director27/06/2019 → 30/06/3031
Serge ERNST
Director27/06/2007 → 30/06/2031
Thierry BATAILLE
Director30/06/2025 → 30/06/2031
Valérie TINTNER
Director30/06/2025 → 30/06/2031
Vincent MOYSE
Director30/06/2025 → 30/06/2031
Julie CHANSON
Director18/02/2025 → 30/06/2025
Marc MAGNERY
Director18/02/2025 → 30/06/2025
Mathieu ULRICI
Director07/12/2024 → 30/06/2025
Bernard ALLELYN
Director03/12/2024 → 30/06/2025
Eric CALLUT
Director03/12/2024 → 30/06/2025
Luc GILLARD
Director10/12/2018 → 30/06/2025
Sandrina GAILLARD
Director17/05/2022 → 30/06/2025
Pascale DESIRONT
Director21/12/2021 → 30/06/2025
Eric HAUTPHENNE
Chairman of the board of directors10/11/2020 → 30/06/2025
Gilles FORET
Director27/06/2011 → 30/06/2025Vice-chairman of the board of directors27/06/2011 → 2017 accountsended
Grégory BENVEGNA
Director10/12/2018 → 30/06/2025
Julie GELDOF
Director15/05/2017 → 30/06/2025
Romain GANSER
Director27/06/2019 → 30/06/2025

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Deborah COLOMBINI
Director17/05/2022 → 2024 accounts
Didier NYSSEN
Director10/11/2020 → 2023 accounts

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Rue du Vertbois 11 4000 Liège
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ECETIA INTERCOMMUNALE● Active
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EolSPI● Active
0798.649.203
G.S.● Active
0829.982.973
LIEGE ON LINE● Active
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SOCIETE DE DEVELOPPEMENT DE LIEGE GUILLEMINS● Active
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SOCIETE DE RENOVATION ET D'ASSAINISSEMENT DES SITES INDUSTRIELS● Active
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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date06/07/202601/07/202526/06/202428/06/202329/06/202230/06/2021
General meeting25/06/202630/06/202525/06/202427/06/202328/06/202229/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 44 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202525/06/202606/07/2026FrenchPDF
Full model31/12/202430/06/202501/07/2025FrenchPDF
Full model31/12/202325/06/202426/06/2024FrenchPDF
Full model31/12/202227/06/202328/06/2023FrenchPDF
Full model31/12/202128/06/202229/06/2022FrenchPDF
Full model31/12/202029/06/202130/06/2021FrenchPDF
Full model31/12/201907/09/202024/09/2020FrenchPDF
Full model31/12/201827/06/201912/07/2019FrenchPDF
Full modelCorrection31/12/201729/06/201809/08/2018FrenchPDF
Full model31/12/201729/06/201809/07/2018FrenchPDF
Full model31/12/201626/06/201727/06/2017FrenchPDF
Full model31/12/201528/06/201629/06/2016FrenchPDF
Full model31/12/201422/06/201524/06/2015FrenchPDF
Full model31/12/201324/06/201427/06/2014FrenchPDF
Full model31/12/201225/06/201315/07/2013FrenchPDF
Full model31/12/201126/06/201213/07/2012FrenchPDF
Full model31/12/201027/06/201113/07/2011FrenchPDF
Full model31/12/200929/06/201007/07/2010FrenchPDF
Full model31/12/200823/06/200906/07/2009FrenchPDF
Full model31/12/200724/06/200808/07/2008FrenchPDF
Full model31/12/200627/06/200725/07/2007FrenchPDF
Full model31/12/200528/06/200603/07/2006FrenchPDF
Full model31/12/200429/06/200530/06/2005FrenchPDF
Full model31/12/200328/06/200408/07/2004FrenchPDF

View all 44 filings

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

33 active · 123 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Chanelle BONAVENTURE
Director30/06/2025 → 30/06/2031
Christian BAGUETTE
Director30/06/2025 → 30/06/2031
Christophe DEMOULIN
Director30/06/2025 → 30/06/2031
Claude KLENKENBERG
Director19/03/2024 → 30/06/2031Chairman of the board of directors25/06/2013 → 2020 accountsended
Donovan NIESSEN
Director30/06/2025 → 30/06/2031
Duygu CELIK
Director30/06/2025 → 30/06/2031
Eric JEROME
Director30/06/2025 → 30/06/2031
Eric LOMBA
Vice-chairman of the board of directors30/06/2025 → 30/06/2031Director10/12/2018 → 2020 accountsended
Fabian CULOT
Chairman of the board of directors30/06/2025 → 30/06/2031
Hervé RIGOT
Director30/06/2025 → 01/05/2026
Irwin GUCKEL
Director10/12/2018 → 30/06/2031
Isabelle STASSART
Director30/06/2025 → 30/06/2031
Katty FIRQUET
Director30/06/2025 → 30/06/2031Vice-chairman of the board of directors27/06/2019 → 30/06/2025
Linda ZWARTBOL
Director30/06/2025 → 31/01/2026
Nicole MARECHAL
Observateur30/06/2025 → 30/06/2031
René DELCOURT
Director27/06/2019 → 30/06/3031
Serge ERNST
Director27/06/2007 → 30/06/2031
Thierry BATAILLE
Director30/06/2025 → 30/06/2031
Valérie TINTNER
Director30/06/2025 → 30/06/2031
Vincent MOYSE
Director30/06/2025 → 30/06/2031
Julie CHANSON
Director18/02/2025 → 30/06/2025
Marc MAGNERY
Director18/02/2025 → 30/06/2025
Mathieu ULRICI
Director07/12/2024 → 30/06/2025
Bernard ALLELYN
Director03/12/2024 → 30/06/2025
Eric CALLUT
Director03/12/2024 → 30/06/2025
Luc GILLARD
Director10/12/2018 → 30/06/2025
Sandrina GAILLARD
Director17/05/2022 → 30/06/2025
Pascale DESIRONT
Director21/12/2021 → 30/06/2025
Eric HAUTPHENNE
Chairman of the board of directors10/11/2020 → 30/06/2025
Gilles FORET
Director27/06/2011 → 30/06/2025Vice-chairman of the board of directors27/06/2011 → 2017 accountsended
Grégory BENVEGNA
Director10/12/2018 → 30/06/2025
Julie GELDOF
Director15/05/2017 → 30/06/2025
Romain GANSER
Director27/06/2019 → 30/06/2025

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Deborah COLOMBINI
Director17/05/2022 → 2024 accounts
Didier NYSSEN
Director10/11/2020 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates27/07/2026
    Démission - Nomination d'Administrateurs
    PDF
  • Other27/07/2026
    Délégations spéciales en période de vacances
    PDF
  • Other02/07/2026
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates05/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares18/11/2025
    CAPITAL, ACTIONS - DIVERS
    PDF
  • Other18/11/2025
    DIVERS
    PDF
  • Mandates15/10/2025
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings20 filings
Mandates
Nicole MARECHAL
Hervé RIGOT
Donovan NIESSEN
Christian BAGUETTE
Linda ZWARTBOL
Christophe DEMOULIN
Eric JEROME
Isabelle STASSART
Chanelle BONAVENTURE
Serge ERNST
René DELCOURT
Fabian CULOT
19681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029203020312032203320342035203620372038203920402041204220432044204520462047204820492050205120522053205420552056205720582059206020612062206320642065206620672068206920702071207220732074207520762077207820792080208120822083208420852086208720882089209020912092209320942095209620972098209921002101210221032104210521062107210821092110211121122113211421152116211721182119212021212122212321242125212621272128212921302131213221332134213521362137213821392140214121422143214421452146214721482149215021512152215321542155215621572158215921602161216221632164216521662167216821692170217121722173217421752176217721782179218021812182218321842185218621872188218921902191219221932194219521962197219821992200220122022203220422052206220722082209221022112212221322142215221622172218221922202221222222232224222522262227222822292230223122322233223422352236223722382239224022412242224322442245224622472248224922502251225222532254225522562257225822592260226122622263226422652266226722682269227022712272227322742275227622772278227922802281228222832284228522862287228822892290229122922293229422952296229722982299230023012302230323042305230623072308230923102311231223132314231523162317231823192320232123222323232423252326232723282329233023312332233323342335233623372338233923402341234223432344234523462347234823492350235123522353235423552356235723582359236023612362236323642365236623672368236923702371237223732374237523762377237823792380238123822383238423852386238723882389239023912392239323942395239623972398239924002401240224032404240524062407240824092410241124122413241424152416241724182419242024212422242324242425242624272428242924302431243224332434243524362437243824392440244124422443244424452446244724482449245024512452245324542455245624572458245924602461246224632464246524662467246824692470247124722473247424752476247724782479248024812482248324842485248624872488248924902491249224932494249524962497249824992500250125022503250425052506250725082509251025112512251325142515251625172518251925202521252225232524252525262527252825292530253125322533253425352536253725382539254025412542254325442545254625472548254925502551255225532554255525562557255825592560256125622563256425652566256725682569257025712572257325742575257625772578257925802581258225832584258525862587258825892590259125922593259425952596259725982599260026012602260326042605260626072608260926102611261226132614261526162617261826192620262126222623262426252626262726282629263026312632263326342635263626372638263926402641264226432644264526462647264826492650265126522653265426552656265726582659266026612662266326642665266626672668266926702671267226732674267526762677267826792680268126822683268426852686268726882689269026912692269326942695269626972698269927002701270227032704270527062707270827092710271127122713271427152716271727182719272027212722272327242725272627272728272927302731273227332734273527362737273827392740274127422743274427452746274727482749275027512752275327542755275627572758275927602761276227632764276527662767276827692770277127722773277427752776277727782779278027812782278327842785278627872788278927902791279227932794279527962797279827992800280128022803280428052806280728082809281028112812281328142815281628172818281928202821282228232824282528262827282828292830283128322833283428352836283728382839284028412842284328442845284628472848284928502851285228532854285528562857285828592860286128622863286428652866286728682869287028712872287328742875287628772878287928802881288228832884288528862887288828892890289128922893289428952896289728982899290029012902290329042905290629072908290929102911291229132914291529162917291829192920292129222923292429252926292729282929293029312932293329342935293629372938293929402941294229432944294529462947294829492950295129522953295429552956295729582959296029612962296329642965296629672968296929702971297229732974297529762977297829792980298129822983298429852986298729882989299029912992299329942995299629972998299930003001300230033004300530063007300830093010301130123013301430153016301730183019302030213022302330243025302630273028302930303031
SPI
Rue du Vertbois 11, 4000 Liège
Observateur
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Chairman of the board of directors
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Rue du Vertbois 11, 4000 LiègeCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00256902

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
SPICurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00256902

Events

  1. 19/03/2026
    nominationMartin PETERS · Administrateur
  2. 2025
    Annual accounts 2025-289,7 k €↓
  3. 30/06/2025
    nominationFabian CULOT · Administrateur
  4. 30/06/2025
    nominationRené DELCOURT · Administrateur
  5. 30/06/2025
    nominationChristian BAGUETTE · Administrateur
  6. 30/06/2025
    nominationIsabelle STASSART · Administrateur
  7. 30/06/2025
    nominationValérie TINTNER · Administrateur
  8. 30/06/2025
    nominationKatty FIRQUET · Administrateur
  9. 30/06/2025
    nominationEric JEROME · Administrateur
  10. 30/06/2025
    nominationDonovan NIESSEN · Administrateur
  11. 30/06/2025
    nominationChanelle BONAVENTURE · Administrateur
  12. 30/06/2025
    nominationLinda ZWARTBOL · Administrateur
  13. 30/06/2025
    nominationDuygu CELIK · Administrateur
  14. 30/06/2025
    nominationHervé RIGOT · Administrateur
  15. 30/06/2025
    nominationEric LOMBA · Administrateur
  16. 30/06/2025
    nominationIrwin GUCKEL · Administrateur
  17. 30/06/2025
    nominationClaude KLENKENBERG · Administrateur
  18. 30/06/2025
    nominationVincent MOYSE · Administrateur
  19. 30/06/2025
    nominationChristophe DEMOULIN · Administrateur
  20. 30/06/2025
    nominationNicole MARECHAL · Administrateur
  21. 2024
    Annual accounts 2024-76,5 k €↑
  22. 25/06/2024
    nominationClaude KLENKENBERG · membre du Conseil d'Administration
  23. 25/06/2024
    nominationLuc GILLARD · membre du Conseil d'Administration
  24. 10/02/2024
    nominationLaurence Simon · pouvoir de signature sur les comptes
  25. 10/02/2024
    nominationCatherine Collette · pouvoir de signature sur les comptes
  26. 10/02/2024
    nominationFabienne Loiseau · pouvoir de signature sur les comptes
  27. 10/02/2024
    nominationSonia Colabella · pouvoir de signature sur les comptes
  28. 10/02/2024
    nominationAndré Ernst · pouvoir de signature sur les comptes
  29. 10/02/2024
    nominationStéphane Degueldre · pouvoir de signature sur les comptes
  30. 2023
    Annual accounts 2023-1,7 M €↑
  31. 2022
    Annual accounts 2022-2,4 M €↓
  32. 17/05/2022
    nominationSandrina GAILLARD · membre du Conseil d'Administration
  33. 17/05/2022
    nominationDéborah COLOMBINI · membre du Conseil d'Administration
  34. 2021
    Annual accounts 20212,3 M €↑
  35. 2020
    Annual accounts 20201,6 M €↓
  36. 2019
    Annual accounts 20195,8 M €↑
  37. 2018
    Annual accounts 20183,9 M €↑
  38. 2017
    Annual accounts 20172,3 M €↑
  39. 2016
    Annual accounts 2016-532,2 k €↓
  40. 2015
    Annual accounts 20152,1 M €↑
  41. 2014
    Annual accounts 2014-576,4 k €↓
  42. 2013
    Annual accounts 2013-470,5 k €↓
  43. 2012
    Annual accounts 2012380,8 k €↓
  44. 2011
    Annual accounts 2011796,4 k €↑
  45. 2010
    Annual accounts 2010-290,5 k €↓
  46. 2009
    Annual accounts 2009625,4 k €↓
  47. 2008
    Annual accounts 20081,7 M €↓
  48. 2007
    Annual accounts 20072 M €↑
  49. 2006
    Annual accounts 2006760,8 k €
  50. 13/11/1968
    IncorporationCooperative society