SPAAS KAARSEN
0435.854.157 · rovalta.com · 25/09/2026
ACTIVE
SPAAS KAARSEN
Financial year 2025 · Closed on 30/06/2025
Net result-2 M €-210,4 %over 1 year
Revenue109,8 M €-6,4 %over 1 year
Equity24,4 M €-7,7 %over 1 year
Workforce131,1 ETP-1,9 %over 1 year
Overview
Identity
Source · BCE/KBOSPAAS KAARSEN is a Public limited company incorporated in 1988. Its main activity is: Other manufacturing n.e.c.. Its registered office is in Hamont-Achel. It employs on average 131,1 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0435.854.157
- Incorporation
- 16/11/1988
- Legal form
- Public limited company
- Registered office
- Industriestraat 11
3930 Hamont-Achel · FlandreSee on map - Contributed capital
- 5 000 000,00 €
- Latest accounts
- 30/06/2025
- Average workforce
- 131,1 ETP
Activities (NACE)
Joint committees (2)
- 116
- 207
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Financials
Source · NBB, 20 filingsTrend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | 109,8 M € | -6.4% | 117,3 M € | -14.9% | 137,9 M € | +23.1% | 112 M € | +21.0% | 92,6 M € |
| EBITDA | 2,5 M € | -54.4% | 5,5 M € | -60.5% | 14 M € | +48.0% | 9,4 M € | +22.8% | 7,7 M € |
| Operating result | -1 M € | -129% | 3,4 M € | -70.5% | 11,5 M € | +51.9% | 7,6 M € | +23.0% | 6,2 M € |
| Net result | -2 M € | -210% | 1,8 M € | -77.6% | 8,2 M € | +42.4% | 5,8 M € | +32.2% | 4,4 M € |
| Balance sheet | |||||||||
| Equity | 24,4 M € | -7.7% | 26,4 M € | +5.4% | 25,1 M € | +36.5% | 18,4 M € | +37.5% | 13,3 M € |
| Total assets | 56,9 M € | +14.6% | 49,6 M € | -19.6% | 61,7 M € | +2.5% | 60,2 M € | +38.1% | 43,6 M € |
| Cash | 1,9 M € | +5.8% | 1,8 M € | +3.6% | 1,7 M € | +6.6% | 1,6 M € | -11.8% | 1,8 M € |
| Debts | 32,1 M € | +42.3% | 22,5 M € | -36.9% | 35,7 M € | -13.1% | 41,1 M € | +40.0% | 29,4 M € |
| Other | |||||||||
| Workforce | 131,1 ETP | -1.9% | 133,6 ETP | -1.3% | 135,4 ETP | +4.8% | 129,2 ETP | +3.8% | 124,5 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 25 M€ and 50 M€
See the valuationBoard of directors
Source · NBB, accounts to 30/06/2025Other companies at this address
Industriestraat 11 3930 Hamont-Achel| Company | CBE no. |
|---|---|
BTWE SPAAS● Active | 0829.401.072 |
S&B INVEST● Active | 0720.628.143 |
Financials
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 | 01/07/2024 | 01/07/2023 | 01/07/2022 | 01/07/2021 | 01/07/2020 | 01/07/2019 |
| Closing of the financial year | 30/06/2025 | 30/06/2024 | 30/06/2023 | 30/06/2022 | 30/06/2021 | 30/06/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 22/12/2025 | 21/02/2025 | 22/12/2023 | 21/12/2022 | 08/12/2021 | 23/12/2020 |
| General meeting | 28/11/2025 | 31/01/2025 | 24/11/2023 | 25/11/2022 | 26/11/2021 | 27/11/2020 |
| 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 · NBBLooking for more information about this company?
Try for 7 daysAnnual accounts filings
Source · NBB, 20 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 30/06/2025 | 28/11/2025 | 22/12/2025 | Dutch | |
| Full modelCorrection | 30/06/2024 | 31/01/2025 | 21/02/2025 | Dutch | |
| Full model | 30/06/2024 | 29/11/2024 | 20/12/2024 | Dutch | |
| Full model | 30/06/2023 | 24/11/2023 | 22/12/2023 | Dutch | |
| Full model | 30/06/2022 | 25/11/2022 | 21/12/2022 | Dutch | |
| Full model | 30/06/2021 | 26/11/2021 | 08/12/2021 | Dutch | |
| Full model | 30/06/2020 | 27/11/2020 | 23/12/2020 | Dutch | |
| Full model | 30/06/2019 | 29/11/2019 | 18/12/2019 | Dutch | |
| Full model | 30/06/2018 | 30/11/2018 | 06/12/2018 | Dutch | |
| Full model | 30/06/2017 | 24/11/2017 | 07/12/2017 | Dutch | |
| Full model | 30/06/2016 | 25/11/2016 | 01/12/2016 | Dutch | |
| Full model | 30/06/2015 | 27/11/2015 | 07/12/2015 | Dutch | |
| Full model | 30/06/2014 | 28/11/2014 | 08/12/2014 | Dutch | |
| Full model | 30/06/2013 | 29/11/2013 | 05/12/2013 | Dutch | |
| Full model | 30/06/2012 | 30/11/2012 | 13/12/2012 | Dutch | |
| Full model | 30/06/2011 | 25/11/2011 | 22/12/2011 | Dutch | |
| Full model | 30/06/2010 | 26/11/2010 | 21/12/2010 | Dutch | |
| Full model | 30/06/2009 | 27/11/2009 | 02/12/2009 | Dutch | |
| Full model | 30/06/2008 | 28/11/2008 | 19/12/2008 | Dutch | |
| Full model | 30/06/2007 | 30/11/2007 | 20/03/2008 | Dutch |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 25 M€ and 50 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Publications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates13/01/2026ONTSLAGEN - BENOEMINGEN
- Mandates20/05/2025ONTSLAGEN - BENOEMINGEN
- Mandates09/02/2022ONTSLAGEN - BENOEMINGEN
- Mandates09/02/2022ONTSLAGEN - BENOEMINGEN
- Mandates05/08/2020ONTSLAGEN - BENOEMINGEN
- Mandates05/08/2020ONTSLAGEN - BENOEMINGEN
- Mandates28/01/2020STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
- Mandates22/05/2019ONTSLAGEN - BENOEMINGEN
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-2 M €↓
- 29/11/2024reconductionBDO bedrijfsrevisoren BV — commissaris
- 2024Annual accounts 20241,8 M €↓
- 2023Annual accounts 20238,2 M €↑
- 2022Annual accounts 20225,8 M €↑
- 2021Annual accounts 20214,4 M €↑
- 2020Annual accounts 20201,9 M €↑
- 2019Annual accounts 2019823,2 k €↑
- 2018Annual accounts 201810,3 k €↑
- 2017Annual accounts 2017-1,2 M €↓
- 2016Annual accounts 2016709,3 k €↓
- 2015Annual accounts 20151,3 M €↑
- 2014Annual accounts 2014-32,7 k €↓
- 2013Annual accounts 201347,4 k €↓
- 2012Annual accounts 2012526,3 k €↓
- 2011Annual accounts 20111,9 M €↓
- 2010Annual accounts 20102,2 M €↓
- 2009Annual accounts 20092,7 M €↑
- 2008Annual accounts 2008-336,7 k €↑
- 2007Annual accounts 2007-2,2 M €
- 16/11/1988IncorporationPublic limited company