ACTIVE

EUROPEAN SPINNING GROUP

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Financial year 2025 · closed on 31/03/2025

Net result

-2,8 M €

-121.4% YoY

Revenue

19,3 M €

+13.4% YoY

Equity

16 M €

-15.0% YoY

Workforce

68,3 ETP

-5.0% YoY

What does EUROPEAN SPINNING GROUP do?

EUROPEAN SPINNING GROUP is a Public limited company incorporated in 1976. Its registered office is in Spiere-Helkijn. It employs on average 68,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.644.890

Incorporation

02/07/1976

Legal form

Public limited company

Registered office

Barrière de Fer 42
8587 Spiere-Helkijn · FlandreSee on map

Contributed capital

200 000,00 €

Latest accounts

31/03/2025

Average workforce

68,3 ETP

Joint committees (2)

Signals

Solid equityGood liquidityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	19,3 M €	+13.4%	17 M €	+1864%	865,2 k €	+2.5%	844,1 k €	+8.3%	779,3 k €	-19.3%	965,9 k €	-4.7%	1 M €	-0.6%	1 M €	+5.2%	969,4 k €	+0.2%	967,5 k €	-1.0%	976,9 k €	+22.4%	798,4 k €	+7.6%	741,9 k €	+13.2%	655,6 k €	+37.6%	476,5 k €	+22.9%	387,6 k €	-13.5%	448,2 k €	-9.0%	492,6 k €	+3.4%	476,5 k €
EBITDA	-2,5 M €	-94.0%	-1,3 M €	-686%	221,8 k €	-0.5%	222,9 k €	-9.8%	247,1 k €	-40.3%	413,7 k €	-14.3%	482,8 k €	-4.2%	503,8 k €	-3.7%	523,4 k €	+12.9%	463,5 k €	-0.8%	467,4 k €	+46.0%	320,2 k €	+8.3%	295,5 k €	+14.9%	257,3 k €	+995%	23,5 k €	-63.3%	64,1 k €	-45.1%	116,8 k €	-31.0%	169,3 k €	+9.5%	154,5 k €
Operating result	-3,1 M €	-77.8%	-1,7 M €	-904%	214,6 k €	-0.1%	214,8 k €	-10.4%	239,8 k €	-39.8%	398,2 k €	-10.4%	444,3 k €	+7.0%	415,2 k €	+14.5%	362,6 k €	+30.7%	277,4 k €	-3.7%	288 k €	+144%	117,9 k €	-30.3%	169,2 k €	-17.4%	204,8 k €	+629%	-38,7 k €	-327%	17 k €	-78.5%	79,4 k €	-37.5%	127 k €	+3.7%	122,5 k €
Net result	-2,8 M €	-121%	-1,3 M €	-996%	142,1 k €	+2.3%	138,9 k €	+13.5%	122,4 k €	-47.0%	230,9 k €	-12.9%	265,2 k €	-20.0%	331,6 k €	-40.3%	555,5 k €	+8.2%	513,3 k €	-53.4%	1,1 M €	+129%	480,1 k €	-78.9%	2,3 M €	+104%	1,1 M €	+204%	365,7 k €	+564%	55,1 k €	-98.9%	4,9 M €	+6834%	70,6 k €	-42.0%	121,8 k €
Balance sheet
Equity	16 M €	-15.0%	18,8 M €	-6.4%	20,1 M €	+0.7%	20 M €	+0.7%	19,9 M €	+0.6%	19,7 M €	+1.2%	19,5 M €	+1.4%	19,2 M €	+1.8%	18,9 M €	+3.0%	18,4 M €	+2.9%	17,8 M €	+6.6%	16,7 M €	+3.0%	16,3 M €	-13.5%	18,8 M €	+5.1%	17,9 M €	+2.1%	17,5 M €	+0.3%	17,5 M €	+39.0%	12,6 M €	+0.6%	12,5 M €
Total assets	28,1 M €	-9.6%	31,1 M €	+49.6%	20,8 M €	-0.1%	20,8 M €	+0.2%	20,8 M €	-5.2%	21,9 M €	+4.1%	21,1 M €	-0.2%	21,1 M €	-12.3%	24,1 M €	+8.8%	22,1 M €	+2.5%	21,6 M €	+0.4%	21,5 M €	-2.8%	22,1 M €	+8.8%	20,3 M €	+2.5%	19,8 M €	+0.3%	19,8 M €	-7.0%	21,3 M €	+54.6%	13,7 M €	-0.1%	13,8 M €
Cash	679,2 k €	-14.3%	792,3 k €	+1612%	46,3 k €	+10.3%	41,9 k €	-8.2%	45,7 k €	-96.3%	1,2 M €	+220%	384,8 k €	+0.4%	383,1 k €	-88.3%	3,3 M €	+252%	927,6 k €	+330%	215,9 k €	+7124%	3 k €	-93.0%	42,6 k €	-97.9%	2 M €	+79.2%	1,1 M €	+1014%	100,4 k €	+257%	28,1 k €	+5.7%	26,6 k €	+5.8%	25,1 k €
Debts	11,9 M €	+5.9%	11,2 M €	+1586%	664,1 k €	-20.4%	834,6 k €	-9.3%	919,7 k €	-57.6%	2,2 M €	+40.4%	1,5 M €	-16.0%	1,8 M €	-64.1%	5,1 M €	+36.3%	3,8 M €	+0.4%	3,7 M €	-21.2%	4,8 M €	-18.6%	5,8 M €	+283%	1,5 M €	-21.4%	1,9 M €	-13.7%	2,2 M €	-40.8%	3,8 M €	+221%	1,2 M €	-6.6%	1,3 M €
Other
Workforce	68,3 ETP	-5.0%	71,9 ETP	+1098%	6,0 ETP	0.0%	6,0 ETP	0.0%	6,0 ETP	0.0%	6,0 ETP	0.0%	6,0 ETP	0.0%	6,0 ETP	0.0%	6,0 ETP	0.0%	6,0 ETP	0.0%	6,0 ETP	0.0%	6,0 ETP	+13.2%	5,3 ETP	+6.0%	5,0 ETP	0.0%	5,0 ETP	+4.2%	4,8 ETP	-4.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 4 active · 29 ended

Active mandates

Alice Messiaen

Director · since 10 juillet 2023 · until 18 septembre 2026

Active

Gilles Lietaer

Director · since 10 juillet 2023 · until 18 septembre 2026

Active

Karel Ghesquiere

Director · since 10 juillet 2023 · until 18 septembre 2026

Active

Julie Lietaer

Director · since 26 mai 2023 · until 18 septembre 2026

Active

Ended mandates

Julie Lietaer

Managing director · since 10 juillet 2023 · until 18 septembre 2026

Ended

ALCABEL

Director · since 20 mai 2022 · until 20 mai 2023 · 0454.409.267

Represented by Julie Lietaer

Ended

Caroline (AV 2015) Gryspeert

Director · since 21 mai 2013

Ended

Cathérine (AV 2015) Vandenbogaerde

Director · since 21 mai 2013

Ended

At this address

Other companies at this address

Company	CBE no.
ASSOC TEXTILES● Active	0478.302.545
FinAnSi● Active	0668.841.427

Annual accounts

Full financial information

	2025	2024	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Consolidated accounts
Start of the financial year	01/04/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/03/2025	31/03/2024	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	15 months	12 months	12 months	12 months	12 months
Filing date	14/10/2025	09/10/2024	20/06/2023	10/06/2022	17/06/2021	02/10/2020
General meeting	19/09/2025	20/09/2024	26/05/2023	20/05/2022	21/05/2021	28/08/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

34 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2025	19/09/2025	14/10/2025	Dutch	PDF
Full model	31/03/2024	20/09/2024	09/10/2024	Dutch	PDF
Full model	31/12/2022	26/05/2023	20/06/2023	Dutch	PDF
Full model	31/12/2021	20/05/2022	10/06/2022	Dutch	PDF
Full model	31/12/2020	21/05/2021	17/06/2021	Dutch	PDF
Full model	31/12/2019	28/08/2020	09/09/2020	Dutch	PDF
Consolidated accounts	31/12/2019	28/08/2020	02/10/2020	Dutch	PDF
Full model	31/12/2018	20/05/2019	21/05/2019	Dutch	PDF
Consolidated accounts	31/12/2018	01/01/9999	13/06/2019	Dutch	PDF
Full model	31/12/2017	22/05/2018	06/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	22/05/2018	08/06/2018	Dutch	PDF
Full model	31/12/2016	20/05/2017	06/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	20/05/2017	19/06/2017	Dutch	PDF
Full model	31/12/2015	20/05/2016	02/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	20/05/2016	17/06/2016	Dutch	PDF
Full model	31/12/2014	20/05/2015	09/06/2015	Dutch	PDF
Consolidated accounts	31/12/2014	20/05/2015	17/06/2015	Dutch	PDF
Full model	31/12/2013	20/05/2014	16/06/2014	Dutch	PDF
Consolidated accounts	31/12/2013	20/05/2014	30/06/2014	Dutch	PDF
Full modelCorrection	31/12/2012	21/05/2013	10/09/2013	Dutch	PDF
Full model	31/12/2012	21/05/2013	10/07/2013	Dutch	PDF
Consolidated accounts	31/12/2012	20/05/2013	16/07/2013	Dutch	PDF
Full model	31/12/2011	21/05/2012	14/06/2012	Dutch	PDF
Consolidated accounts	31/12/2011	21/05/2012	16/07/2012	Dutch	PDF

View all 34 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

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.

Governance

Board of directors

Seen on filing of 31/03/2025 · 4 active · 29 ended

Active mandates

Alice Messiaen

Director · since 10 juillet 2023 · until 18 septembre 2026

Active

Gilles Lietaer

Director · since 10 juillet 2023 · until 18 septembre 2026

Active

Karel Ghesquiere

Director · since 10 juillet 2023 · until 18 septembre 2026

Active

Julie Lietaer

Director · since 26 mai 2023 · until 18 septembre 2026

Active

Ended mandates

Julie Lietaer

Managing director · since 10 juillet 2023 · until 18 septembre 2026

Ended

ALCABEL

Director · since 20 mai 2022 · until 20 mai 2023 · 0454.409.267

Represented by Julie Lietaer

Ended

Caroline (AV 2015) Gryspeert

Director · since 21 mai 2013

Ended

Cathérine (AV 2015) Vandenbogaerde

Director · since 21 mai 2013

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring04/04/2024
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring05/03/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring05/03/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring20/11/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring20/11/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring20/11/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates18/09/2023
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-2,8 M €↓
2024
Annual accounts 2024-1,3 M €↓
2024
Name changeEUROPEAN SPINNING GROUP (ESG)
2022
Annual accounts 2022142,1 k €↑
2021
Annual accounts 2021138,9 k €↑
2021
Name changeLIETAI
2020
Annual accounts 2020122,4 k €↓
2019
Annual accounts 2019230,9 k €↓
2018
Annual accounts 2018265,2 k €↓
2017
Annual accounts 2017331,6 k €↓
2016
Annual accounts 2016555,5 k €↑
2015
Annual accounts 2015513,3 k €↓
2014
Annual accounts 20141,1 M €↑
2013
Annual accounts 2013480,1 k €↓
2012
Annual accounts 20122,3 M €↑
2011
Annual accounts 20111,1 M €↑
2010
Annual accounts 2010365,7 k €↑
2009
Annual accounts 200955,1 k €↓
2008
Annual accounts 20084,9 M €↑
2007
Annual accounts 200770,6 k €↓
2006
Annual accounts 2006121,8 k €
02/07/1976
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

EUROPEAN SPINNING GROUP

Overview

What does EUROPEAN SPINNING GROUP do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline