ACTIVE

EUROPEAN SPINNING GROUP

Export PDF

Financial year 2025 · Closed on 31/03/2025

Net result-2,8 M €-121,4 %over 1 year
Revenue19,3 M €+13,4 %over 1 year
Equity16 M €-15,0 %over 1 year
Workforce68,3 ETP-5,0 %over 1 year

Identity

Source · BCE/KBO

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)
  • 120
  • 214
Signals
Solid equityGood liquidityHealthy social debtsHigh revenue

Financials

Source · NBB, 34 filings

Trend over 19 financial years

20252024202220212020
Income statement
Revenue19,3 M €17 M €865,2 k €844,1 k €779,3 k €
EBITDA-2,5 M €-1,3 M €221,8 k €222,9 k €247,1 k €
Operating result-3,1 M €-1,7 M €214,6 k €214,8 k €239,8 k €
Net result-2,8 M €-1,3 M €142,1 k €138,9 k €122,4 k €
Balance sheet
Equity16 M €18,8 M €20,1 M €20 M €19,9 M €
Total assets28,1 M €31,1 M €20,8 M €20,8 M €20,8 M €
Cash679,2 k €792,3 k €46,3 k €41,9 k €45,7 k €
Debts11,9 M €11,2 M €664,1 k €834,6 k €919,7 k €
Other
Workforce68,3 ETP71,9 ETP6,0 ETP6,0 ETP6,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 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

Other companies at this address

Barrière de Fer 42 8587 Spiere-Helkijn
CompanyCBE no.
ASSOC TEXTILES● Active
0478.302.545
FinAnSi● Active
0668.841.427

Full financial information

Source · NBB
202520242022202120202019
Type of accountFull modelFull modelFull modelFull modelFull modelConsolidated accounts
Start of the financial year01/04/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/03/202531/03/202431/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months15 months12 months12 months12 months12 months
Filing date14/10/202509/10/202420/06/202310/06/202217/06/202102/10/2020
General meeting19/09/202520/09/202426/05/202320/05/202221/05/202128/08/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 34 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/03/202519/09/202514/10/2025DutchPDF
Full model31/03/202420/09/202409/10/2024DutchPDF
Full model31/12/202226/05/202320/06/2023DutchPDF
Full model31/12/202120/05/202210/06/2022DutchPDF
Full model31/12/202021/05/202117/06/2021DutchPDF
Full model31/12/201928/08/202009/09/2020DutchPDF
Consolidated accounts31/12/201928/08/202002/10/2020DutchPDF
Full model31/12/201820/05/201921/05/2019DutchPDF
Consolidated accounts31/12/201801/01/999913/06/2019DutchPDF
Full model31/12/201722/05/201806/06/2018DutchPDF
Consolidated accounts31/12/201722/05/201808/06/2018DutchPDF
Full model31/12/201620/05/201706/06/2017DutchPDF
Consolidated accounts31/12/201620/05/201719/06/2017DutchPDF
Full model31/12/201520/05/201602/06/2016DutchPDF
Consolidated accounts31/12/201520/05/201617/06/2016DutchPDF
Full model31/12/201420/05/201509/06/2015DutchPDF
Consolidated accounts31/12/201420/05/201517/06/2015DutchPDF
Full model31/12/201320/05/201416/06/2014DutchPDF
Consolidated accounts31/12/201320/05/201430/06/2014DutchPDF
Full modelCorrection31/12/201221/05/201310/09/2013DutchPDF
Full model31/12/201221/05/201310/07/2013DutchPDF
Consolidated accounts31/12/201220/05/201316/07/2013DutchPDF
Full model31/12/201121/05/201214/06/2012DutchPDF
Consolidated accounts31/12/201121/05/201216/07/2012DutchPDF

View all 34 filings

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.

Board of directors

Source · NBB, accounts to 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

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • 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

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-2,8 M €↓
  2. 2024
    Annual accounts 2024-1,3 M €↓
  3. 2024
    Name changeEUROPEAN SPINNING GROUP (ESG)
  4. 2022
    Annual accounts 2022142,1 k €↑
  5. 2021
    Annual accounts 2021138,9 k €↑
  6. 2021
    Name changeLIETAI
  7. 2020
    Annual accounts 2020122,4 k €↓
  8. 2019
    Annual accounts 2019230,9 k €↓
  9. 2018
    Annual accounts 2018265,2 k €↓
  10. 2017
    Annual accounts 2017331,6 k €↓
  11. 2016
    Annual accounts 2016555,5 k €↑
  12. 2015
    Annual accounts 2015513,3 k €↓
  13. 2014
    Annual accounts 20141,1 M €↑
  14. 2013
    Annual accounts 2013480,1 k €↓
  15. 2012
    Annual accounts 20122,3 M €↑
  16. 2011
    Annual accounts 20111,1 M €↑
  17. 2010
    Annual accounts 2010365,7 k €↑
  18. 2009
    Annual accounts 200955,1 k €↓
  19. 2008
    Annual accounts 20084,9 M €↑
  20. 2007
    Annual accounts 200770,6 k €↓
  21. 2006
    Annual accounts 2006121,8 k €
  22. 02/07/1976
    IncorporationPublic limited company