ACTIVE

SPIESSENS

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Financial year 2025 · closed on 31/12/2025

Net result

-11 k €

-193.4% YoY

Gross margin

26,5 k €

-2.3% YoY

Equity

45 k €

-19.6% YoY

What does SPIESSENS do?

SPIESSENS is a Private limited company incorporated in 1986. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Sint-Niklaas.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.310.824

Incorporation

15/01/1986

Legal form

Private limited company

Registered office

Heidebaan 114
9100 Sint-Niklaas · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

43221Plumbing, heat and air-conditioning installation· main 43221Plumbing, heat and air-conditioning installation 45332Sale of motor vehicle parts and accessories 43222Plumbing, heat and air-conditioning installation 43223Plumbing, heat and air-conditioning installation

Signals

Solid equityGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	26,5 k €	-2.3%	27,2 k €	+69.2%	16 k €	-68.1%	50,3 k €	+117%	23,1 k €	-25.1%	30,9 k €	+53.6%	20,1 k €	-43.7%	35,7 k €	+6.8%	33,4 k €	-0.5%	33,6 k €	-24.5%	44,5 k €	+389%	9,1 k €	-84.1%	57,3 k €	+17.5%	48,8 k €	-13.0%	56,1 k €	+37.3%	40,8 k €	-32.8%	60,7 k €	+45.0%	41,9 k €	-46.4%	78,1 k €	+43.9%	54,3 k €
EBITDA	14,7 k €	-42.7%	25,7 k €	+99.1%	12,9 k €	-73.0%	47,8 k €	+143%	19,7 k €	-22.6%	25,5 k €	+879%	2,6 k €	-91.9%	32,2 k €	+5.8%	30,5 k €	+4.6%	29,2 k €	-31.4%	42,5 k €	+509%	7 k €	-87.4%	55,2 k €	+17.9%	46,8 k €	-13.8%	54,3 k €	+37.9%	39,4 k €	-30.9%	57 k €	+44.5%	39,4 k €	-26.9%	53,9 k €	+5.9%	50,9 k €
Operating result	-5,4 k €	-105%	-2,6 k €	-176%	3,4 k €	-44.3%	6,2 k €	-49.7%	12,3 k €	-27.6%	16,9 k €	+249%	4,9 k €	+82.5%	2,7 k €	-72.1%	9,5 k €	-29.4%	13,5 k €	-50.9%	27,4 k €	+294%	-14,1 k €	-169%	20,6 k €	+100%	10,3 k €	-42.0%	17,8 k €	+1422%	-1,3 k €	-107%	19,3 k €	-36.6%	30,5 k €	+143%	12,5 k €	+238%	-9,1 k €
Net result	-11 k €	-193%	-3,7 k €	-357%	1,5 k €	+226%	-1,2 k €	-186%	1,3 k €	-83.6%	8,2 k €	+698%	-1,4 k €	+79.0%	-6,5 k €	-9164%	-70,3 €	-102%	4,5 k €	-73.5%	16,9 k €	+181%	-20,8 k €	-310%	9,9 k €	+403%	-3,3 k €	-294%	1,7 k €	+111%	-15,6 k €	-996%	1,7 k €	-84.2%	11 k €	-68.2%	34,6 k €	+260%	-21,5 k €
Balance sheet
Equity	45 k €	-19.6%	56 k €	-6.3%	59,8 k €	+2.5%	58,3 k €	-1.9%	59,5 k €	-15.2%	70,1 k €	+13.2%	61,9 k €	-2.2%	63,3 k €	-9.3%	69,8 k €	-0.1%	69,9 k €	+6.9%	65,4 k €	+34.9%	48,5 k €	-30.1%	69,3 k €	+16.7%	59,4 k €	-5.2%	62,7 k €	+2.8%	61 k €	-20.3%	76,5 k €	+2.3%	74,8 k €	+17.2%	63,8 k €	+118%	29,2 k €
Total assets	127,8 k €	-0.7%	128,7 k €	+1.1%	127,3 k €	+1.4%	125,6 k €	-26.5%	170,7 k €	-11.4%	192,8 k €	+0.2%	192,3 k €	-6.3%	205,1 k €	-16.4%	245,3 k €	-3.9%	255,3 k €	-0.5%	256,7 k €	-4.7%	269,4 k €	-18.8%	331,6 k €	-2.1%	338,8 k €	+0.6%	336,7 k €	-5.9%	357,7 k €	-8.2%	389,7 k €	-9.0%	428,2 k €	-4.2%	446,9 k €	+3.3%	432,6 k €
Cash	2,4 k €	+1670%	136,3 €	-84.3%	870 €	-69.0%	2,8 k €	-49.6%	5,6 k €	-79.9%	27,7 k €	+25.6%	22,1 k €	+4.4%	21,1 k €	-51.4%	43,5 k €	-41.6%	74,5 k €	-30.9%	107,7 k €	+19.5%	90,1 k €	+15.9%	77,7 k €	-6.3%	82,9 k €	-35.1%	127,8 k €	+55.8%	82 k €	-24.0%	108 k €	+122%	48,6 k €	+882%	4,9 k €	-6.2%	5,3 k €
Debts	82,7 k €	+13.9%	72,7 k €	+7.7%	67,5 k €	+0.4%	67,2 k €	-39.6%	111,3 k €	-9.3%	122,6 k €	-5.9%	130,4 k €	-8.1%	141,8 k €	-19.2%	175,5 k €	-5.4%	185,5 k €	-3.1%	191,3 k €	-13.4%	220,9 k €	-15.8%	262,3 k €	-6.1%	279,4 k €	+2.4%	273 k €	-7.7%	295,8 k €	-5.3%	312,2 k €	-11.4%	352,4 k €	-7.8%	382,1 k €	-5.3%	403,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Walter Spiessens

Director · since 02 avril 2002

Active

Ended mandates

An Vandermeeren-Seghers

Manager · since 01 avril 2003 · until 01 décembre 2018

Ended

An Vandermeeren-Seghers

Manager · since 01 avril 2003

Ended

Walter Spiessens

Manager · since 02 avril 2002

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	29/08/2025	27/06/2024	30/06/2023	07/07/2022	29/06/2021
General meeting	29/06/2026	30/06/2025	24/06/2024	26/06/2023	27/06/2022	28/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/06/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	24/06/2024	27/06/2024	Dutch	PDF
Micro model	31/12/2022	26/06/2023	30/06/2023	Dutch	PDF
Micro model	31/12/2021	27/06/2022	07/07/2022	Dutch	PDF
Micro model	31/12/2020	28/06/2021	29/06/2021	Dutch	PDF
Micro model	31/12/2019	29/06/2020	02/07/2020	Dutch	PDF
Micro model	31/12/2018	24/06/2019	27/06/2019	Dutch	PDF
Micro model	31/12/2017	25/06/2018	26/06/2018	Dutch	PDF
Micro model	31/12/2016	26/06/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	28/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	01/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	28/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	01/07/2008	Dutch	PDF
Abridged modelCorrection	31/12/2006	25/06/2007	11/09/2007	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	25/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2025 · 1 active · 3 ended

Active mandates

Walter Spiessens

Director · since 02 avril 2002

Active

Ended mandates

An Vandermeeren-Seghers

Manager · since 01 avril 2003 · until 01 décembre 2018

Ended

An Vandermeeren-Seghers

Manager · since 01 avril 2003

Ended

Walter Spiessens

Manager · since 02 avril 2002

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/10/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office21/06/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates11/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office17/12/2018
MAATSCHAPPELIJKE ZETEL
PDF
Registered office20/01/2012
MAATSCHAPPELIJKE ZETEL
PDF
Registered office20/06/2008
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares13/04/2005
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ALGEMENE VERGADERING
PDF
Capital / shares15/01/2004
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025-11 k €↓
2024
Annual accounts 2024-3,7 k €↓
2023
Annual accounts 20231,5 k €↑
2022
Annual accounts 2022-1,2 k €↓
2021
Annual accounts 20211,3 k €↓
2020
Annual accounts 20208,2 k €↑
2019
Annual accounts 2019-1,4 k €↑
2018
Annual accounts 2018-6,5 k €↓
2017
Annual accounts 2017-70,3 €↓
2016
Annual accounts 20164,5 k €↓
2015
Annual accounts 201516,9 k €↑
2014
Annual accounts 2014-20,8 k €↓
2013
Annual accounts 20139,9 k €↑
2012
Annual accounts 2012-3,3 k €↓
2011
Annual accounts 20111,7 k €↑
2010
Annual accounts 2010-15,6 k €↓
2009
Annual accounts 20091,7 k €↓
2008
Annual accounts 200811 k €↓
2007
Annual accounts 200734,6 k €↑
2006
Annual accounts 2006-21,5 k €
15/01/1986
IncorporationPrivate 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

SPIESSENS

Overview

What does SPIESSENS do?

Trend over 20 financial years

Indicative valuation

Board of directors

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