ACTIVE

Spiromatic

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

+111.3% YoY

Revenue

48,6 M €

+95.2% YoY

Equity

6,2 M €

+19.4% YoY

Workforce

102,1 ETP

+10.9% YoY

What does Spiromatic do?

Spiromatic is a Public limited company incorporated in 1986. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Nazareth-De Pinte. It employs on average 102,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.914.105

Incorporation

15/05/1986

Legal form

Public limited company

Registered office

Karreweg 1
9810 Nazareth-De Pinte · FlandreSee on map

Contributed capital

742 247,08 €

Latest accounts

31/12/2025

Average workforce

102,1 ETP

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 28210Manufacture of ovens, furnaces and furnace burners 28250Manufacture of non-domestic cooling and ventilation equipment 28250Manufacture of non-domestic cooling and ventilation equipment 25220Manufacture of tanks, reservoirs and containers of metal+5

Joint committees (3)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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
Revenue	48,6 M €	+95.2%	24,9 M €	-11.0%	28,0 M €	-22.2%	35,9 M €	+49.4%	24,1 M €	+18.8%	20,3 M €	-27.8%	28,1 M €	+14.2%	24,6 M €	+4.8%	23,5 M €	+4.2%	22,5 M €	+14.3%	19,7 M €	+10.5%	17,8 M €	+4.9%	17,0 M €	+15.7%	14,7 M €	+0.7%	14,6 M €	+20.7%	12,1 M €	+13.2%	10,7 M €	-29.1%	15,1 M €	+15.9%	13,0 M €	-11.8%	14,7 M €
EBITDA	2,4 M €	+67.8%	1,4 M €	+99.7%	708,5 k €	+733%	85,0 k €	-95.9%	2,1 M €	+15.0%	1,8 M €	-7.0%	1,9 M €	+24.8%	1,6 M €	+18.6%	1,3 M €	-6.3%	1,4 M €	+26.7%	1,1 M €	+14.6%	966,1 k €	+1.9%	948,5 k €	+30.0%	729,7 k €	-8.0%	793,4 k €	+31.8%	601,8 k €	-3.1%	621,2 k €	-7.1%	668,5 k €	-2.3%	684,0 k €	-19.7%	851,9 k €
Operating result	1,6 M €	+129%	679,2 k €	+1235%	50,9 k €	+108%	-633,7 k €	-143%	1,5 M €	+25.1%	1,2 M €	-19.8%	1,5 M €	+38.9%	1,1 M €	+26.4%	842,6 k €	-14.2%	981,9 k €	+52.9%	642,2 k €	+11.2%	577,5 k €	+71.0%	337,8 k €	+101%	167,8 k €	+1.0%	166,1 k €	-4.0%	173,0 k €	+246%	-118,4 k €	-219%	99,2 k €	+791%	11,1 k €	-94.1%	189,5 k €
Net result	1,1 M €	+111%	513,4 k €	+211%	-461,0 k €	+29.7%	-656,0 k €	-159%	1,1 M €	+33.3%	828,2 k €	-15.9%	984,6 k €	+35.9%	724,4 k €	+36.0%	532,6 k €	-16.2%	635,6 k €	+49.7%	424,7 k €	+16.3%	365,1 k €	+53.0%	238,7 k €	+372%	-87,7 k €	-189%	98,6 k €	+10.7%	89,1 k €	+131%	-285,7 k €	-1108%	28,3 k €	-45.9%	52,4 k €	-63.7%	144,2 k €
Balance sheet
Equity	6,2 M €	+19.4%	5,2 M €	+5.6%	4,9 M €	-19.5%	6,1 M €	-9.7%	6,8 M €	+14.4%	5,9 M €	+10.8%	5,3 M €	+16.0%	4,6 M €	+11.2%	4,1 M €	+7.0%	3,9 M €	+11.3%	3,5 M €	+12.4%	3,1 M €	+13.2%	2,7 M €	+10.4%	2,5 M €	-3.4%	2,6 M €	+4.0%	2,5 M €	+3.7%	2,4 M €	-10.9%	2,7 M €	+0.3%	2,7 M €	-0.1%	2,7 M €
Total assets	20,9 M €	-2.6%	21,4 M €	+16.0%	18,5 M €	+10.5%	16,7 M €	-16.9%	20,1 M €	+29.3%	15,6 M €	+3.5%	15,0 M €	-6.7%	16,1 M €	+35.6%	11,9 M €	-6.3%	12,7 M €	-8.3%	13,8 M €	+42.0%	9,7 M €	+2.7%	9,5 M €	-12.4%	10,8 M €	+23.3%	8,8 M €	-19.9%	11,0 M €	+12.6%	9,7 M €	-0.3%	9,8 M €	-1.9%	9,9 M €	-3.8%	10,3 M €
Cash	2,4 M €	+12.4%	2,2 M €	+1.4%	2,1 M €	+57.7%	1,4 M €	-22.9%	1,8 M €	-22.5%	2,3 M €	-21.2%	2,9 M €	-3.3%	3,0 M €	+47.0%	2,0 M €	+49.0%	1,4 M €	-38.9%	2,2 M €	+73.0%	1,3 M €	+205%	420,1 k €	-17.1%	506,6 k €	-13.7%	586,9 k €	+4.9%	559,3 k €	+14.5%	488,4 k €	-46.3%	910,0 k €	+85.0%	491,9 k €	-3.3%	508,6 k €
Debts	13,7 M €	-13.4%	15,9 M €	+19.4%	13,3 M €	+29.3%	10,3 M €	-19.8%	12,8 M €	+35.5%	9,5 M €	+1.1%	9,4 M €	-16.3%	11,2 M €	+50.9%	7,4 M €	-13.0%	8,5 M €	-15.2%	10,0 M €	+58.4%	6,3 M €	-3.0%	6,5 M €	-20.7%	8,2 M €	+35.4%	6,1 M €	-27.0%	8,3 M €	+16.0%	7,2 M €	+4.1%	6,9 M €	-3.7%	7,2 M €	-4.8%	7,5 M €
Other
Workforce	102,1 ETP	+10.9%	92,1 ETP	+8.1%	85,2 ETP	-4.7%	89,4 ETP	+4.2%	85,8 ETP	-2.6%	88,1 ETP	-0.7%	88,7 ETP	+1.8%	87,1 ETP	+2.5%	85,0 ETP	+3.3%	82,3 ETP	+8.4%	75,9 ETP	+16.9%	64,9 ETP	+1.2%	64,1 ETP	+1.1%	63,4 ETP	-3.4%	65,6 ETP	-0.5%	65,9 ETP	-2.5%	67,6 ETP	-16.0%	80,5 ETP	-5.8%	85,5 ETP	-0.6%	86,0 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 31/12/2025 · 5 active · 45 ended

Active mandates

CAPTEN

Director · since 02 février 2026 · until 28 juin 2031 · 0826.164.638

Represented by Jozef Buekens

Active

Peter Ramaut

Director · since 02 février 2026 · until 28 juin 2031

Active

DIDECO

Director · since 28 juin 2025 · until 24 juin 2028 · 0450.293.301

Represented by Dirk Dhont

Active

GERAN

Director · since 28 juin 2025 · until 24 juin 2028 · 0455.598.310

Represented by Ann Dhont

Active

PETER RAMAUT

Director · since 29 août 2022 · until 02 février 2026 · 0870.538.079

Represented by Peter Ramaut

Active

Ended mandates

PETER RAMAUT

Director · since 29 août 2022 · until 29 août 2028 · 0870.538.079

Represented by Ramaut PETER

Ended

PETER RAMAUT

Director · since 29 août 2022 · until 29 août 2028 · 0870.538.079

Represented by Ramaut PETER

Ended

DIDECO

Managing director · since 16 décembre 2019 · until 28 juin 2025 · 0450.293.301

Represented by Dhont DIRK

Ended

DIDECO

Director · since 16 décembre 2019 · until 27 juin 2025 · 0450.293.301

Represented by Dirk Dhont

Ended

At this address

Other companies at this address

Company	CBE no.
Andiko-Invest● Active	1001.442.252
Groep Spiromatic● Active	1002.780.357

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	07/07/2026	03/07/2025	26/06/2024	10/07/2023	14/07/2022	16/07/2021
General meeting	27/06/2026	28/06/2025	22/06/2024	24/06/2023	25/06/2022	26/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	27/06/2026	07/07/2026	Dutch	PDF
Full model	31/12/2024	28/06/2025	03/07/2025	Dutch	PDF
Full model	31/12/2023	22/06/2024	26/06/2024	Dutch	PDF
Full model	31/12/2022	24/06/2023	10/07/2023	Dutch	PDF
Full model	31/12/2021	25/06/2022	14/07/2022	Dutch	PDF
Full model	31/12/2020	26/06/2021	16/07/2021	Dutch	PDF
Full model	31/12/2019	27/06/2020	06/07/2020	Dutch	PDF
Full model	31/12/2018	22/06/2019	10/07/2019	Dutch	PDF
Full model	31/12/2017	23/06/2018	05/07/2018	Dutch	PDF
Full model	31/12/2016	24/06/2017	04/07/2017	Dutch	PDF
Full model	31/12/2015	25/06/2016	03/10/2016	Dutch	PDF
Full model	31/12/2014	27/06/2015	13/07/2015	Dutch	PDF
Full model	31/12/2013	28/06/2014	30/06/2014	Dutch	PDF
Full model	31/12/2012	29/06/2013	23/07/2013	Dutch	PDF
Full model	31/12/2011	23/06/2012	02/07/2012	Dutch	PDF
Full model	31/12/2010	25/06/2011	27/06/2011	Dutch	PDF
Full model	31/12/2009	26/06/2010	29/06/2010	Dutch	PDF
Full model	31/12/2008	26/06/2009	29/06/2009	Dutch	PDF
Full model	31/12/2007	28/06/2008	09/07/2008	Dutch	PDF
Full model	31/12/2006	23/06/2007	27/06/2007	Dutch	PDF

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 31/12/2025 · 5 active · 45 ended

Active mandates

CAPTEN

Director · since 02 février 2026 · until 28 juin 2031 · 0826.164.638

Represented by Jozef Buekens

Active

Peter Ramaut

Director · since 02 février 2026 · until 28 juin 2031

Active

DIDECO

Director · since 28 juin 2025 · until 24 juin 2028 · 0450.293.301

Represented by Dirk Dhont

Active

GERAN

Director · since 28 juin 2025 · until 24 juin 2028 · 0455.598.310

Represented by Ann Dhont

Active

PETER RAMAUT

Director · since 29 août 2022 · until 02 février 2026 · 0870.538.079

Represented by Peter Ramaut

Active

Ended mandates

PETER RAMAUT

Director · since 29 août 2022 · until 29 août 2028 · 0870.538.079

Represented by Ramaut PETER

Ended

PETER RAMAUT

Director · since 29 août 2022 · until 29 août 2028 · 0870.538.079

Represented by Ramaut PETER

Ended

DIDECO

Managing director · since 16 décembre 2019 · until 28 juin 2025 · 0450.293.301

Represented by Dhont DIRK

Ended

DIDECO

Director · since 16 décembre 2019 · until 27 juin 2025 · 0450.293.301

Represented by Dirk Dhont

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring31/10/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring20/06/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates28/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/02/2020
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 20251,1 M €↑
2024
Annual accounts 2024513,4 k €↑
2023
Annual accounts 2023-461,0 k €↑
2022
Annual accounts 2022-656,0 k €↓
2021
Annual accounts 20211,1 M €↑
2020
Annual accounts 2020828,2 k €↓
2019
Annual accounts 2019984,6 k €↑
2018
Annual accounts 2018724,4 k €↑
2017
Annual accounts 2017532,6 k €↓
2016
Annual accounts 2016635,6 k €↑
2015
Annual accounts 2015424,7 k €↑
2014
Annual accounts 2014365,1 k €↑
2013
Annual accounts 2013238,7 k €↑
2012
Annual accounts 2012-87,7 k €↓
2011
Annual accounts 201198,6 k €↑
2010
Annual accounts 201089,1 k €↑
2009
Annual accounts 2009-285,7 k €↓
2008
Annual accounts 200828,3 k €↓
2007
Annual accounts 200752,4 k €↓
2006
Annual accounts 2006144,2 k €
15/05/1986
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

Spiromatic

Overview

What does Spiromatic do?

Trend over 20 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