ACTIVE

SPACEBEL

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Financial year 2025 · Closed on 31/12/2025

Net result179,6 k €-66,0 %over 1 year

Revenue8,4 M €-50,5 %over 1 year

Equity8,8 M €-3,0 %over 1 year

Workforce56,3 ETP+7,2 %over 1 year

Identity

Source · BCE/KBO

SPACEBEL is a Public limited company incorporated in 1988. Its main activity is: Computer programming activities. Its registered office is in Liège. It employs on average 56,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0435.536.532
Incorporation: 29/09/1988
Legal form: Public limited company
Registered office: Rue des Chasseurs-Ardennais 6
4031 Liège · WallonieSee on map
Contributed capital: 6 000 100,00 €
Latest accounts: 31/12/2025
Average workforce: 56,3 ETP

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 63100Data processing, hosting and related activities; web portals 63110Data processing, hosting and related activities 72220Research and experimental development on social sciences and humanities 72300Scientific research and development

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 35 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	8,4 M €	-50.5%	17,1 M €	+104%	8,4 M €	+14.8%	7,3 M €	-42.8%	12,7 M €
EBITDA	712,5 k €	+217%	225 k €	-83.7%	1,4 M €	+20.7%	1,1 M €	+29.6%	880,7 k €
Operating result	146 k €	-70.6%	497 k €	-13.0%	571,3 k €	-17.3%	690,7 k €	-12.2%	786,3 k €
Net result	179,6 k €	-66.0%	528,2 k €	-8.1%	574,5 k €	-0.8%	579,5 k €	-26.4%	787,6 k €
Balance sheet
Equity	8,8 M €	-3.0%	9,1 M €	+0.9%	9 M €	+1.4%	8,9 M €	+2.7%	8,6 M €
Total assets	39,6 M €	+11.8%	35,4 M €	-13.0%	40,7 M €	+8.1%	37,7 M €	+16.4%	32,4 M €
Cash	1,2 M €	+383%	244,3 k €	-77.2%	1,1 M €	-80.9%	5,6 M €	+0.1%	5,6 M €
Debts	30,6 M €	+17.6%	26 M €	-17.3%	31,5 M €	+10.3%	28,5 M €	+22.1%	23,3 M €
Other
Workforce	56,3 ETP	+7.2%	52,5 ETP	+3.3%	50,8 ETP	-3.1%	52,4 ETP	-7.3%	56,5 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 31/12/2025

5 active · 15 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Du Pré Consult0781.531.671Represented by THIERRY DU PRE WERSON	Director20/05/2025 → 15/05/2028
ELMA Holding0762.896.783Represented by ERIC LARDINOIS	Director20/05/2025 → 15/05/2028Mandate
JEAN- MICHEL D'OULTREMONT	Director18/05/2021 → 15/05/2028
NOSHAQ PARTNERS0808.219.836Represented by DIMITRI LIQUET	Director21/05/2019 → 16/05/2028
SPARAXIS0452.116.307Represented by COLIN LOYENS	Director26/07/2012 → 16/05/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CEFMA CONSULT0534.583.034Represented by FREDDY MEURS	Chairman of the board of directors17/05/2022 → 2024 accounts
MICHEL PRAET	Director17/05/2022 → 2022 accounts
THIERRY DU PRE WERSON	Managing director17/05/2022 → 2024 accounts

Other companies at this address

Rue des Chasseurs-Ardennais 6 4031 Liège

Company	CBE no.
constellr Belgium● Active	0748.456.354

Full financial information

Source · NBB

	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	02/06/2026	11/06/2025	05/06/2024	25/05/2023	23/06/2022	10/06/2021
General meeting	19/05/2026	20/05/2025	21/05/2024	16/05/2023	17/05/2022	18/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 35 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/05/2026	02/06/2026	French	PDF
Full model	31/12/2024	20/05/2025	11/06/2025	French	PDF
Full model	31/12/2023	21/05/2024	05/06/2024	French	PDF
Full model	31/12/2022	16/05/2023	25/05/2023	French	PDF
Full model	31/12/2021	17/05/2022	23/06/2022	French	PDF
Full model	31/12/2020	18/05/2021	10/06/2021	French	PDF
Full model	31/12/2019	19/05/2020	16/06/2020	French	PDF
Full modelCorrection	31/12/2018	21/05/2019	06/11/2019	Dutch	PDF
Full modelCorrection	31/12/2018	21/05/2019	06/11/2019	French	PDF
Full model	31/12/2018	21/05/2019	06/06/2019	Dutch	PDF
Full model	31/12/2018	21/05/2019	06/06/2019	French	PDF
Full model	31/12/2017	15/05/2018	31/05/2018	Dutch	PDF
Full model	31/12/2017	15/05/2018	31/05/2018	French	PDF
Full model	31/12/2016	16/05/2017	16/05/2017	Dutch	PDF
Full model	31/12/2016	16/05/2017	16/05/2017	French	PDF
Full model	31/12/2015	17/05/2016	02/06/2016	Dutch	PDF
Full model	31/12/2015	17/05/2016	02/06/2016	French	PDF
Full model	31/12/2014	19/05/2015	26/05/2015	Dutch	PDF
Full model	31/12/2014	19/05/2015	26/05/2015	French	PDF
Full model	31/12/2013	20/05/2014	27/05/2014	Dutch	PDF
Full model	31/12/2013	20/05/2014	27/05/2014	French	PDF
Full model	31/12/2012	21/05/2013	20/06/2013	Dutch	PDF
Full model	31/12/2012	21/05/2013	20/06/2013	French	PDF
Full model	31/12/2011	14/05/2012	30/05/2012	French	PDF

View all 35 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 31/12/2025

5 active · 15 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Du Pré Consult0781.531.671Represented by THIERRY DU PRE WERSON	Director20/05/2025 → 15/05/2028
ELMA Holding0762.896.783Represented by ERIC LARDINOIS	Director20/05/2025 → 15/05/2028Mandate
JEAN- MICHEL D'OULTREMONT	Director18/05/2021 → 15/05/2028
NOSHAQ PARTNERS0808.219.836Represented by DIMITRI LIQUET	Director21/05/2019 → 16/05/2028
SPARAXIS0452.116.307Represented by COLIN LOYENS	Director26/07/2012 → 16/05/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CEFMA CONSULT0534.583.034Represented by FREDDY MEURS	Chairman of the board of directors17/05/2022 → 2024 accounts
MICHEL PRAET	Director17/05/2022 → 2022 accounts
THIERRY DU PRE WERSON	Managing director17/05/2022 → 2024 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates22/07/2025
DEMISSIONS, NOMINATIONS
PDF
Other10/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates13/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates13/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates13/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates10/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates24/09/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates15/09/2021
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

SPARAXIS

ELMA Holding

Du Pré Consult

NOSHAQ PARTNERS

JEAN- MICHEL D'OULTREMONT

CEFMA CONSULT

Wallonie Entreprendre

MICHEL PRAET

THIERRY DU PRE WERSON

SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS

René HANNON

Jean Michel d'OULTREMONT

Show the 8 other mandates

19881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

SPACEBEL

Rue des Chasseurs-Ardennais 6, 4031 Angleur

Director

Chairman of the board of directors

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue des Chasseurs-Ardennais 6, 4031 AngleurCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00141162

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
SPACEBELCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00141162

Events

2025
Annual accounts 2025179,6 k €↓
2024
Annual accounts 2024528,2 k €↓
2023
Annual accounts 2023574,5 k €↓
2022
Annual accounts 2022579,5 k €↓
2021
Annual accounts 2021787,6 k €↓
2020
Annual accounts 2020803,2 k €↑
2019
Annual accounts 2019724,4 k €↑
2018
Annual accounts 2018343,8 k €↓
2017
Annual accounts 2017544,8 k €↑
2016
Annual accounts 2016527,3 k €↓
2015
Annual accounts 2015756,9 k €↑
2014
Annual accounts 2014283,6 k €↓
2013
Annual accounts 2013790,4 k €↑
2012
Annual accounts 2012106,4 k €↓
2011
Annual accounts 2011386,2 k €↑
2010
Annual accounts 2010192,6 k €↑
2009
Annual accounts 2009-613,4 k €↓
2008
Annual accounts 2008201 k €↑
2007
Annual accounts 2007189,1 k €↑
2006
Annual accounts 2006152 k €
29/09/1988
IncorporationPublic limited company

SPACEBEL

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events