ACTIVE

SPIRIT OF AMERICA

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Financial year 2025 · closed on 31/12/2025

Net result

2,8 k €

+2955.3% YoY

Revenue

14 k €

+92.8% YoY

Equity

-29,7 k €

+8.7% YoY

What does SPIRIT OF AMERICA do?

SPIRIT OF AMERICA is a Public limited company incorporated in 1988. Its main activity is: Computer programming activities. Its registered office is in Walhain.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.859.611

Incorporation

12/07/1988

Legal form

Public limited company

Registered office

Rue de la Station(TSL) 16
1457 Walhain · WallonieSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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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	14 k €	+92.8%	7,3 k €	-69.8%	24 k €	-37.9%	38,6 k €		–		49,3 k €	-25.1%	65,7 k €	-2.5%	67,4 k €	-15.3%	79,6 k €	-33.3%	119,3 k €	+44.3%	82,7 k €	+43.0%	57,8 k €	+20.0%	48,2 k €	+9.4%	44,1 k €	+15.7%	38,1 k €	+9.9%	34,7 k €	-56.5%	79,6 k €	+23.0%	64,7 k €	-6.8%	69,5 k €	+83.0%	38 k €
EBITDA	3,2 k €	+1384%	212,9 €	+100%	-142,1 k €	-1060%	14,8 k €	-1.0%	15 k €	+100%	7,5 k €	-66.1%	22,1 k €	+3.7%	21,3 k €	+83.5%	11,6 k €	-46.8%	21,8 k €	+59.2%	13,7 k €	+465%	2,4 k €	+5.8%	2,3 k €	-20.2%	2,9 k €	+247%	-2 k €	+40.9%	-3,3 k €	-119%	17,5 k €	+28.8%	13,6 k €	-25.7%	18,3 k €	+568%	-3,9 k €
Operating result	3,2 k €	+1384%	212,9 €	+100%	-142,1 k €	-1060%	14,8 k €	-1.0%	15 k €	+419%	-4,7 k €	-222%	3,8 k €	-69.9%	12,7 k €	+472%	2,2 k €	-82.0%	12,4 k €	+190%	4,3 k €	+169%	-6,2 k €	-1284%	525 €	-73.7%	2 k €	+130%	-6,7 k €	+16.8%	-8,1 k €	-163%	12,8 k €	+44.2%	8,9 k €	-9.2%	9,8 k €	+266%	-5,9 k €
Net result	2,8 k €	+2955%	-99,4 €	+99.9%	-142,4 k €	-1084%	14,5 k €	-0.9%	14,6 k €	+394%	-5 k €	-244%	3,4 k €	-72.1%	12,3 k €	+671%	1,6 k €	-86.5%	11,8 k €	+274%	3,2 k €	+142%	-7,5 k €	-270%	-2 k €	-228%	1,6 k €	+123%	-7 k €	+26.1%	-9,4 k €	-197%	9,7 k €	+57.3%	6,2 k €	+4.5%	5,9 k €	+220%	-4,9 k €
Balance sheet
Equity	-29,7 k €	+8.7%	-32,6 k €	-0.3%	-32,5 k €	-130%	110 k €	+15.2%	95,5 k €	+18.1%	80,9 k €	-5.8%	85,9 k €	+4.2%	82,4 k €	+17.6%	70,1 k €	+2.3%	68,5 k €	+20.9%	56,7 k €	+5.9%	53,5 k €	-12.3%	61 k €	-3.2%	63,1 k €	+2.6%	61,5 k €	-10.2%	68,4 k €	-12.5%	78,2 k €	+14.2%	68,4 k €	+9.9%	62,2 k €	+10.5%	56,3 k €
Total assets	20 k €	+5.3%	19 k €	+5.3%	18,1 k €	-90.1%	183,5 k €	+3.8%	176,9 k €	-7.0%	190,2 k €	-16.1%	226,6 k €	+1.9%	222,4 k €	-5.3%	234,7 k €	-24.9%	312,7 k €	+18.1%	264,7 k €	+0.9%	262,5 k €	-0.6%	264,1 k €	+1.5%	260,2 k €	+5.7%	246,2 k €	+1.7%	242,2 k €	-9.0%	266,1 k €	+12.7%	236,1 k €	-10.7%	264,2 k €	+10.3%	239,6 k €
Cash	136,2 €	+417%	26,3 €	-64.0%	73,1 €	-79.1%	350,2 €	+465%	62 €	-71.3%	215,7 €	-47.9%	413,9 €	-26.1%	559,7 €	-55.9%	1,3 k €	-93.7%	20,2 k €		–		175 €	+400%	35 €	-95.6%	789 €	-64.4%	2,2 k €		–		–		–		–		–
Debts	49,8 k €	-3.6%	51,6 k €	+2.1%	50,5 k €	-31.3%	73,5 k €	-9.6%	81,4 k €	-25.5%	109,3 k €	-22.3%	140,7 k €	+0.5%	140 k €	-15.0%	164,6 k €	-25.4%	220,7 k €	+6.1%	208,1 k €	-0.4%	209 k €	+2.9%	203,1 k €	+3.0%	197,2 k €	+6.7%	184,7 k €	+6.5%	173,4 k €	-7.7%	188 k €	+12.1%	167,6 k €	-17.0%	202 k €	+10.2%	183,3 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 · 6 ended

Active mandates

Maarten Pliester

Mandate

Active

Ended mandates

MAARTEN PLIESTER

Director

Ended

Maxime Pliester

Mandate

Ended

MAXIME PLIESTER

Director

Ended

Simone Berger

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
Spirit of Oslo● Active	0776.773.129

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Abridged model	Abridged 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	20/07/2026	07/07/2025	05/08/2024	20/07/2023	01/08/2022	24/06/2021
General meeting	26/06/2026	21/06/2025	21/06/2024	28/06/2023	28/06/2022	22/06/2021
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
Abridged model	31/12/2025	26/06/2026	20/07/2026	French	PDF
Abridged model	31/12/2024	21/06/2025	07/07/2025	French	PDF
Micro model	31/12/2023	21/06/2024	05/08/2024	French	PDF
Abridged model	31/12/2022	28/06/2023	20/07/2023	French	PDF
Abridged model	31/12/2021	28/06/2022	01/08/2022	French	PDF
Micro model	31/12/2020	22/06/2021	24/06/2021	French	PDF
Micro model	31/12/2019	22/06/2020	06/08/2020	French	PDF
Micro model	31/12/2018	22/06/2019	10/07/2019	French	PDF
Micro model	31/12/2017	20/06/2018	20/07/2018	French	PDF
Micro model	31/12/2016	26/06/2017	19/07/2017	French	PDF
Abridged model	31/12/2015	04/06/2016	14/06/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	29/07/2015	French	PDF
Abridged model	31/12/2013	13/06/2014	16/06/2014	French	PDF
Abridged model	31/12/2012	24/06/2013	30/07/2013	French	PDF
Abridged model	31/12/2011	24/06/2012	31/07/2012	French	PDF
Abridged model	31/12/2010	24/06/2011	28/07/2011	French	PDF
Abridged model	31/12/2009	25/06/2010	28/07/2010	French	PDF
Abridged model	31/12/2008	25/06/2009	24/08/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	17/08/2008	French	PDF
Full model	31/12/2006	30/06/2007	23/08/2007	French	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 · 6 ended

Active mandates

Maarten Pliester

Mandate

Active

Ended mandates

MAARTEN PLIESTER

Director

Ended

Maxime Pliester

Mandate

Ended

MAXIME PLIESTER

Director

Ended

Simone Berger

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20252,8 k €↑
2024
Annual accounts 2024-99,4 €↑
2023
Annual accounts 2023-142,4 k €↓
2022
Annual accounts 202214,5 k €↓
2021
Annual accounts 202114,6 k €↑
2020
Annual accounts 2020-5 k €↓
2019
Annual accounts 20193,4 k €↓
2018
Annual accounts 201812,3 k €↑
2017
Annual accounts 20171,6 k €↓
2016
Annual accounts 201611,8 k €↑
2015
Annual accounts 20153,2 k €↑
2014
Annual accounts 2014-7,5 k €↓
2013
Annual accounts 2013-2 k €↓
2012
Annual accounts 20121,6 k €↑
2011
Annual accounts 2011-7 k €↑
2010
Annual accounts 2010-9,4 k €↓
2009
Annual accounts 20099,7 k €↑
2008
Annual accounts 20086,2 k €↑
2007
Annual accounts 20075,9 k €↑
2006
Annual accounts 2006-4,9 k €
12/07/1988
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

SPIRIT OF AMERICA

Overview

What does SPIRIT OF AMERICA 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

Similar companies

Similar companies

Timeline