ACTIVE

SPA MONOPOLE, Compagnie Fermière de Spa

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Financial year 2025 · Closed on 31/12/2025

Net result11,1 M €+91,7 %over 1 year
Revenue155,1 M €+6,8 %over 1 year
Equity27,5 M €-0,6 %over 1 year
Workforce494,5 ETP+5,0 %over 1 year

Identity

Source · BCE/KBO

SPA MONOPOLE, Compagnie Fermière de Spa is a Public limited company incorporated in 1980. Its registered office is in Spa. It employs on average 494,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0420.834.005
Incorporation
01/10/1980
Legal form
Public limited company
Registered office
Rue Auguste Laporte 34
4900 Spa · WallonieSee on map
Contributed capital
15 351 000,00 €
Latest accounts
31/12/2025
Average workforce
494,5 ETP
Joint committees (2)
  • 118
  • 220
Signals
ProfitablePositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 22 filings

Trend over 2 financial years

20252024
Income statement
Revenue155,1 M €145,2 M €
EBITDA13,4 M €11,8 M €
Operating result8,7 M €5,3 M €
Net result11,1 M €5,8 M €
Balance sheet
Equity27,5 M €27,6 M €
Total assets130,2 M €125,3 M €
Cash935,5 k €791,2 k €
Debts98,5 M €92,4 M €
Other
Workforce494,5 ETP471,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 1 ended

Active mandates

GEREFIS

Director · since 05 juin 2024 · until 05 juin 2030 · 0470.099.018

Represented by Marc du Bois

Active
SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION

Director · since 19 mai 2020 · until 03 juin 2026 · 0405.844.436

Represented by Tatiana Goeminne

Active

Ended mandates

Didier De Sorgher

Director · since 19 mai 2020 · until 31 décembre 2024

Ended

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 date01/07/202630/06/202501/07/202428/06/202329/06/202222/06/2021
General meeting03/06/202604/06/202505/06/202407/06/202301/06/202215/05/2021
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, 22 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202503/06/202601/07/2026FrenchPDF
Full model31/12/202404/06/202530/06/2025FrenchPDF
Full model31/12/202305/06/202401/07/2024FrenchPDF
Full model31/12/202207/06/202328/06/2023FrenchPDF
Full model31/12/202101/06/202229/06/2022FrenchPDF
Full model31/12/202015/05/202122/06/2021FrenchPDF
Full model31/12/201919/05/202018/06/2020FrenchPDF
Full model31/12/201821/05/201914/06/2019FrenchPDF
Full model31/12/201715/05/201808/06/2018FrenchPDF
Full model31/12/201616/05/201713/06/2017FrenchPDF
Full model31/12/201517/05/201607/06/2016FrenchPDF
Full model31/12/201419/05/201511/06/2015FrenchPDF
Full model31/12/201320/05/201416/06/2014FrenchPDF
Full modelCorrection31/12/201221/05/201306/12/2013FrenchPDF
Full model31/12/201221/05/201314/06/2013FrenchPDF
Full model31/12/201115/05/201212/06/2012FrenchPDF
Full model31/12/201017/05/201116/06/2011FrenchPDF
Full model31/12/200918/05/201015/06/2010FrenchPDF
Full model31/12/200819/05/200910/07/2009FrenchPDF
Full modelCorrection31/12/200720/05/200816/03/2009FrenchPDF
Full model31/12/200720/05/200808/08/2008FrenchPDF
Full model31/12/200615/05/200706/06/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 31/12/2025

2 active · 1 ended

Active mandates

GEREFIS

Director · since 05 juin 2024 · until 05 juin 2030 · 0470.099.018

Represented by Marc du Bois

Active
SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION

Director · since 19 mai 2020 · until 03 juin 2026 · 0405.844.436

Represented by Tatiana Goeminne

Active

Ended mandates

Didier De Sorgher

Director · since 19 mai 2020 · until 31 décembre 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates27/07/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/04/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates11/07/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/08/2021
    DEMISSIONS, NOMINATIONS - DIVERS
    PDF
  • Mandates11/06/2021
    DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates04/09/2020
    DEMISSIONS, NOMINATIONS
    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 202511,1 M €↑
  2. 04/06/2025
    nominationRomain Seffer — commissaire (représentant permanent de PwC Reviseurs d'Entreprises)
  3. 10/03/2025
    nominationAmaury Collette — représentant permanent
  4. 2024
    Annual accounts 20245,8 M €
  5. 05/06/2024
    reconductionMarc du Bois — représentant permanent de l'administrateur délégué (Gerefis SA)
  6. 05/06/2024
    reconductionSA Gerefis — administrateur
  7. 01/06/2022
    reconductionPwC Réviseurs d'Entreprises SCRL — commissaire
  8. 01/06/2022
    nominationRomain Seffer — commissaire
  9. 01/10/1980
    IncorporationPublic limited company