ACTIVE

SPILCO

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Financial year 2025 · closed on 31/03/2025

Net result

1,4 k €

-82.4% YoY

Gross margin

71,5 k €

+9.2% YoY

Equity

278,9 k €

+0.5% YoY

What does SPILCO do?

SPILCO is a Public limited company incorporated in 1989. Its main activity is: Manufacture of furniture. Its registered office is in Izegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.977.674

Incorporation

14/03/1989

Legal form

Public limited company

Registered office

Ambachtenstraat 24 box 1
8870 Izegem · FlandreSee on map

Contributed capital

115 000,00 €

Latest accounts

31/03/2025

Activities (NACE)

31009Manufacture of furniture· main 31092Manufacture of other furniture 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	71,5 k €	+9.2%	65,4 k €	+1.5%	64,5 k €	-0.8%	65 k €	-40.7%	109,6 k €	-12.9%	125,8 k €	+1.8%	123,5 k €	+4.4%	118,3 k €	+15.1%	102,8 k €	-11.3%	115,8 k €	+132%	49,9 k €	+12.2%	44,5 k €	-0.4%	44,6 k €	-7.1%	48 k €	+2.0%	47,1 k €	+70.4%	27,6 k €	-27.8%	38,3 k €	-5.5%	40,5 k €	+8.7%	37,3 k €
EBITDA	61 k €	+10.2%	55,3 k €	+0.2%	55,2 k €	-1.3%	56 k €	-44.4%	100,6 k €	-14.2%	117,2 k €	+1.8%	115,2 k €	+4.6%	110,1 k €	+16.2%	94,7 k €	-14.5%	110,7 k €	+147%	44,8 k €	+14.4%	39,1 k €	-1.5%	39,7 k €	-9.3%	43,8 k €	+3.2%	42,4 k €	+60.5%	26,4 k €	-26.7%	36,1 k €	-5.7%	38,3 k €	+12.9%	33,9 k €
Operating result	2,9 k €	-74.2%	11,1 k €	+49.3%	7,4 k €	+102%	3,7 k €	-92.1%	46,6 k €	+2.1%	45,7 k €	+4.1%	43,9 k €	+7.2%	41 k €	+44.2%	28,4 k €	-34.0%	43 k €	+71.5%	25,1 k €	+31.0%	19,2 k €	-5.9%	20,4 k €	-16.6%	24,4 k €	+3.1%	23,7 k €	-10.4%	26,4 k €	-15.6%	31,3 k €	-6.5%	33,5 k €	+15.0%	29,2 k €
Net result	1,4 k €	-82.4%	7,9 k €	+78.1%	4,5 k €	+64.5%	2,7 k €	-91.4%	31,3 k €	-5.9%	33,2 k €	+0.6%	33 k €	+24.3%	26,6 k €	+2230%	1,1 k €	-54.4%	2,5 k €	-89.8%	24,5 k €	+24.9%	19,6 k €	-5.8%	20,8 k €	-16.7%	25 k €	+8.5%	23 k €	+150%	-46,2 k €	-441%	13,5 k €	-12.1%	15,4 k €	+7.3%	14,4 k €
Balance sheet
Equity	278,9 k €	+0.5%	277,5 k €	-68.9%	893,3 k €	-6.1%	951,5 k €	+0.3%	948,8 k €	+3.4%	917,5 k €	+2.6%	894,3 k €	+3.6%	863,1 k €	+3.2%	836,5 k €	+0.1%	835,4 k €	+0.3%	832,9 k €	+3.0%	808,4 k €	+2.5%	788,7 k €	+2.7%	767,9 k €	+3.4%	742,9 k €	+3.2%	719,9 k €	+277%	191,1 k €	+0.8%	189,5 k €	+8.8%	174,1 k €
Total assets	606 k €	-6.8%	650,3 k €	-28.9%	915,2 k €	-5.9%	972,9 k €	-1.4%	986,4 k €	-3.0%	1 M €	-2.6%	1 M €	-6.5%	1,1 M €	-8.3%	1,2 M €	-12.2%	1,4 M €	-5.9%	1,5 M €	+81.2%	811,5 k €	+2.9%	788,8 k €	+1.0%	780,9 k €	+1.8%	766,9 k €	+4.6%	733 k €	+23.1%	595,7 k €	-0.8%	600,4 k €	-0.9%	606,1 k €
Cash	18,6 k €	-69.8%	61,5 k €	-68.9%	198,1 k €	+44.9%	136,8 k €	+112%	64,4 k €	-30.7%	92,9 k €	+63.2%	56,9 k €	-18.5%	69,9 k €	-36.0%	109,2 k €	-48.0%	210 k €	-8.6%	229,8 k €	+56.4%	147 k €	+41.3%	104 k €	+62.8%	63,9 k €	+31.6%	48,6 k €		–		28,7 €		–		1 k €
Debts	326,3 k €	-12.3%	372 k €	+1661%	21,1 k €	-1.4%	21,4 k €	-41.9%	36,9 k €	-62.6%	98,8 k €	-33.6%	148,8 k €	-40.9%	251,9 k €	-33.6%	379,2 k €	-25.2%	506,7 k €	-20.1%	634,4 k €	+257878%	245,9 €	+337%	56,3 €	-99.6%	13 k €	-44.7%	23,5 k €	+78.3%	13,2 k €	-96.7%	402,6 k €	-1.5%	408,7 k €	-4.9%	429,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 17 ended

Active mandates

Luc VANHAVERBEKE

Director · since 01 mars 2022 · until 01 mars 2028

Active

Maarten VANHAVERBEKE

Managing director · since 01 mars 2022 · until 01 mars 2028

Active

Ended mandates

Jo LEROY

Director · since 17 septembre 2016 · until 17 septembre 2022

Ended

Luc VANHAVERBEKE

Director · since 17 septembre 2016 · until 17 septembre 2022

Ended

Veerle KINDT

Managing director · since 17 septembre 2016 · until 01 mars 2022

Ended

Veerle KINDT

Managing director · since 17 septembre 2016 · until 17 septembre 2022

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2025	30/09/2024	18/09/2023	28/10/2022	27/09/2021	22/09/2020
General meeting	20/09/2025	21/09/2024	16/09/2023	30/09/2022	18/09/2021	19/09/2020
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

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	31/03/2025	20/09/2025	30/09/2025	Dutch	PDF
Abridged model	31/03/2024	21/09/2024	30/09/2024	Dutch	PDF
Abridged model	31/03/2023	16/09/2023	18/09/2023	Dutch	PDF
Abridged model	31/03/2022	30/09/2022	28/10/2022	Dutch	PDF
Abridged model	31/03/2021	18/09/2021	27/09/2021	Dutch	PDF
Abridged model	31/03/2020	19/09/2020	22/09/2020	Dutch	PDF
Abridged model	31/03/2019	21/09/2019	15/10/2019	Dutch	PDF
Abridged model	31/03/2018	15/09/2018	26/09/2018	Dutch	PDF
Abridged model	31/03/2017	16/09/2017	11/10/2017	Dutch	PDF
Abridged model	31/03/2016	17/09/2016	26/09/2016	Dutch	PDF
Abridged model	31/03/2015	19/09/2015	25/09/2015	Dutch	PDF
Abridged model	31/03/2014	30/06/2014	10/07/2014	Dutch	PDF
Abridged model	31/03/2013	21/09/2013	23/09/2013	Dutch	PDF
Abridged model	31/03/2012	15/09/2012	17/09/2012	Dutch	PDF
Abridged model	31/03/2011	17/09/2011	20/09/2011	Dutch	PDF
Abridged model	31/03/2010	18/09/2010	20/09/2010	Dutch	PDF
Abridged model	30/09/2009	19/03/2010	22/03/2010	Dutch	PDF
Abridged model	30/09/2008	21/02/2009	19/03/2009	Dutch	PDF
Abridged model	30/09/2007	16/02/2008	10/04/2008	Dutch	PDF
Abridged model	30/09/2006	17/02/2007	22/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/03/2025 · 2 active · 17 ended

Active mandates

Luc VANHAVERBEKE

Director · since 01 mars 2022 · until 01 mars 2028

Active

Maarten VANHAVERBEKE

Managing director · since 01 mars 2022 · until 01 mars 2028

Active

Ended mandates

Jo LEROY

Director · since 17 septembre 2016 · until 17 septembre 2022

Ended

Luc VANHAVERBEKE

Director · since 17 septembre 2016 · until 17 septembre 2022

Ended

Veerle KINDT

Managing director · since 17 septembre 2016 · until 01 mars 2022

Ended

Veerle KINDT

Managing director · since 17 septembre 2016 · until 17 septembre 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares07/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - KAPITAAL - AANDELEN
PDF
Mandates19/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/10/2016
ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/03/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates08/02/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/03/2010
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates29/12/2008
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/07/2004
MAATSCHAPPELIJKE ZETEL
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 20251,4 k €↓
2024
Annual accounts 20247,9 k €↑
2023
Annual accounts 20234,5 k €↑
2022
Annual accounts 20222,7 k €↓
2021
Annual accounts 202131,3 k €↓
2020
Annual accounts 202033,2 k €↑
2019
Annual accounts 201933 k €↑
2018
Annual accounts 201826,6 k €↑
2017
Annual accounts 20171,1 k €↓
2016
Annual accounts 20162,5 k €↓
2015
Annual accounts 201524,5 k €↑
2014
Annual accounts 201419,6 k €↓
2013
Annual accounts 201320,8 k €↓
2012
Annual accounts 201225 k €↑
2011
Annual accounts 201123 k €↑
2010
Annual accounts 2010-46,2 k €↓
2009
Annual accounts 200913,5 k €↓
2008
Annual accounts 200815,4 k €↑
2007
Annual accounts 200714,4 k €
14/03/1989
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

SPILCO

Overview

What does SPILCO do?

Trend over 19 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