ACTIVE

Spitaels Consulting

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Financial year 2025 · closed on 31/03/2025

Net result

326,9 k €

+74.9% YoY

Gross margin

1 M €

+50.4% YoY

Equity

1,6 M €

+13.2% YoY

Workforce

4,6 ETP

-4.2% YoY

What does Spitaels Consulting do?

Spitaels Consulting is a Private limited company incorporated in 1990. Its registered office is in Oudenaarde. It employs on average 4,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.574.880

Incorporation

27/09/1990

Legal form

Private limited company

Registered office

Meersbloem-Melden 46
9700 Oudenaarde · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/03/2025

Average workforce

4,6 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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		2010		2009		2008		2007		2006
Income statement
Gross margin	1 M €	+50.4%	685,4 k €	+2.0%	672,2 k €	+5.1%	639,7 k €	+63.4%	391,6 k €	-42.8%	684,9 k €	+151%	273 k €	-28.2%	380,3 k €	+212%	121,9 k €	-48.7%	237,6 k €	+14.2%	208,1 k €	+11.6%	186,4 k €	+85.8%	100,3 k €	-25.3%	134,4 k €	-26.3%	182,4 k €	-2.2%	186,6 k €	-1.7%	189,7 k €	-45.6%	349,1 k €	+6.1%	329 k €
EBITDA	678,3 k €	+79.5%	377,9 k €	+3.6%	364,9 k €	-19.9%	455,8 k €	+81.9%	250,5 k €	-53.9%	543,2 k €	+327%	127,2 k €	-47.7%	243,4 k €	+716%	29,8 k €	-80.5%	153,1 k €	+28.4%	119,2 k €	+21.5%	98,1 k €	+1624%	5,7 k €	-81.6%	31 k €	-67.2%	94,3 k €	+11.6%	84,5 k €	-12.7%	96,8 k €	-62.7%	259,8 k €	+3.4%	251,4 k €
Operating result	584,4 k €	+92.8%	303,1 k €	-7.0%	326 k €	-24.4%	431,2 k €	+97.3%	218,6 k €	-56.0%	496,4 k €	+534%	78,3 k €	-60.1%	196,3 k €	+1457%	-14,5 k €	-113%	109,2 k €	+22.9%	88,8 k €	+215%	28,2 k €	+173%	-38,7 k €	-168%	-14,4 k €	-131%	46,6 k €	+31.7%	35,4 k €	-27.3%	48,7 k €	-76.7%	208,9 k €	+1.5%	205,8 k €
Net result	326,9 k €	+74.9%	186,9 k €	+8.4%	172,4 k €	-30.9%	249,6 k €	+47.4%	169,4 k €	-46.4%	316,1 k €	+648%	42,2 k €	-55.2%	94,3 k €	+463%	-26 k €	-139%	67,3 k €	+8.8%	61,9 k €	+179%	22,2 k €	+143%	-51,8 k €	-43.0%	-36,2 k €	-263%	22,2 k €	+123%	10 k €	+62.7%	6,1 k €	-95.3%	130 k €	-4.3%	135,8 k €
Balance sheet
Equity	1,6 M €	+13.2%	1,4 M €	+14.9%	1,3 M €	+16.0%	1,1 M €	+20.3%	896,9 k €	+23.0%	729,2 k €	+75.8%	414,7 k €	+11.3%	372,5 k €	+33.9%	278,2 k €	-8.5%	304,2 k €	-30.4%	436,9 k €	+6.3%	411 k €	-9.4%	453,8 k €	-10.2%	505,6 k €	-6.7%	541,7 k €	+4.3%	519,6 k €	+2.0%	509,6 k €	+1.2%	503,5 k €	+34.8%	373,5 k €
Total assets	3 M €	+26.3%	2,4 M €	-0.4%	2,4 M €	+53.7%	1,6 M €	+3.6%	1,5 M €	-19.3%	1,9 M €	+26.2%	1,5 M €	-3.2%	1,5 M €	+2.9%	1,5 M €	+18.3%	1,2 M €	-2.1%	1,3 M €	-1.9%	1,3 M €	+14.2%	1,1 M €	-4.4%	1,2 M €	-15.8%	1,4 M €	+8.5%	1,3 M €	-21.8%	1,7 M €	-10.7%	1,9 M €	+22.6%	1,5 M €
Cash	310 k €	+211%	99,6 k €	-13.6%	115,3 k €	-19.3%	142,8 k €	+179%	51,2 k €	-1.7%	52,1 k €	-5.0%	54,8 k €	-12.9%	62,9 k €	+110%	29,9 k €	+36.9%	21,8 k €	-48.3%	42,2 k €	-15.7%	50,1 k €	+14.4%	43,8 k €	-8.6%	47,9 k €	+71.4%	28 k €	-66.0%	82,2 k €	-65.8%	240 k €	-9.2%	264,2 k €	+35.1%	195,6 k €
Debts	1,4 M €	+46.5%	937,1 k €	-17.3%	1,1 M €	+140%	472,4 k €	-17.6%	573,1 k €	-48.9%	1,1 M €	+6.8%	1 M €	-5.5%	1,1 M €	-6.6%	1,2 M €	+28.6%	925 k €	+11.8%	827,6 k €	-4.7%	868,7 k €	+29.6%	670,4 k €	-1.7%	682,3 k €	-20.5%	858 k €	+12.2%	764,4 k €	-33.4%	1,1 M €	-14.0%	1,3 M €	+17.0%	1,1 M €
Other
Workforce	4,6 ETP	-4.2%	4,8 ETP	-2.0%	4,9 ETP	+32.4%	3,7 ETP	-5.1%	3,9 ETP	+30.0%	3,0 ETP	+7.1%	2,8 ETP	0.0%	2,8 ETP	+40.0%	2,0 ETP	-9.1%	2,2 ETP	+37.5%	1,6 ETP	0.0%	1,6 ETP	-5.9%	1,7 ETP	+6.2%	1,6 ETP	0.0%	1,6 ETP	-5.9%	1,7 ETP	-5.6%	1,8 ETP	+12.5%	1,6 ETP	+6.7%	1,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 2 ended

Active mandates

Thierry Spitaels

Mandate

Active

Ended mandates

Thierry Spitaels

Director · since 01 octobre 1990

Ended

Thierry Spitaels

Manager · since 01 octobre 1990

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	29/10/2025	27/09/2024	30/10/2023	07/11/2022	30/09/2021	06/11/2020
General meeting	30/09/2025	23/09/2024	30/09/2023	03/11/2022	30/09/2021	10/10/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	30/09/2025	29/10/2025	Dutch	PDF
Abridged model	31/03/2024	23/09/2024	27/09/2024	Dutch	PDF
Abridged model	31/03/2023	30/09/2023	30/10/2023	Dutch	PDF
Abridged model	31/03/2022	03/11/2022	07/11/2022	Dutch	PDF
Abridged model	31/03/2021	30/09/2021	30/09/2021	Dutch	PDF
Abridged model	31/03/2020	10/10/2020	06/11/2020	Dutch	PDF
Abridged model	31/03/2019	31/08/2019	16/09/2019	Dutch	PDF
Abridged model	31/03/2018	30/09/2018	01/10/2018	Dutch	PDF
Abridged model	31/03/2017	30/09/2017	02/10/2017	Dutch	PDF
Abridged model	31/03/2016	30/09/2016	30/09/2016	Dutch	PDF
Abridged model	31/03/2015	03/09/2015	04/09/2015	Dutch	PDF
Abridged model	31/03/2014	30/09/2014	01/10/2014	Dutch	PDF
Abridged model	31/03/2013	30/09/2013	04/10/2013	Dutch	PDF
Abridged model	31/03/2012	30/09/2012	30/10/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	15/06/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	10/06/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	22/06/2009	Dutch	PDF
Abridged model	31/12/2007	28/06/2008	08/07/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	02/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 31/03/2025 · 1 active · 2 ended

Active mandates

Thierry Spitaels

Mandate

Active

Ended mandates

Thierry Spitaels

Director · since 01 octobre 1990

Ended

Thierry Spitaels

Manager · since 01 octobre 1990

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office27/11/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates28/06/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/01/2012
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - BOEKJAAR
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 2025326,9 k €↑
2024
Annual accounts 2024186,9 k €↑
2023
Annual accounts 2023172,4 k €↓
2022
Annual accounts 2022249,6 k €↑
2021
Annual accounts 2021169,4 k €↓
2020
Annual accounts 2020316,1 k €↑
2019
Annual accounts 201942,2 k €↓
2018
Annual accounts 201894,3 k €↑
2017
Annual accounts 2017-26 k €↓
2016
Annual accounts 201667,3 k €↑
2015
Annual accounts 201561,9 k €↑
2014
Annual accounts 201422,2 k €↑
2013
Annual accounts 2013-51,8 k €↓
2012
Annual accounts 2012-36,2 k €↓
2010
Annual accounts 201022,2 k €↑
2009
Annual accounts 200910 k €↑
2008
Annual accounts 20086,1 k €↓
2007
Annual accounts 2007130 k €↓
2006
Annual accounts 2006135,8 k €
27/09/1990
IncorporationPrivate 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

Spitaels Consulting

Overview

What does Spitaels Consulting 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