ACTIVE

SPELTINCX

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Financial year 2025 · closed on 31/12/2025

Net result

379,6 k €

+63.4% YoY

Gross margin

1,4 M €

+17.7% YoY

Equity

922,5 k €

-27.3% YoY

Workforce

10,7 ETP

+4.9% YoY

What does SPELTINCX do?

SPELTINCX is a Public limited company incorporated in 1991. Its main activity is: Freight transport by road. Its registered office is in Wuustwezel. It employs on average 10,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.705.210

Incorporation

15/07/1991

Legal form

Public limited company

Registered office

Brechtseweg 175
2990 Wuustwezel · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

10,7 ETP

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 60242Television programming and broadcasting activities

Joint committees (3)

140
14003
226

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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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
Gross margin	1,4 M €	+17.7%	1,2 M €	-12.4%	1,4 M €	+3.5%	1,3 M €	+9.9%	1,2 M €	+1.6%	1,2 M €	-9.8%	1,3 M €	+3.9%	1,2 M €	+12.2%	1,1 M €	-7.5%	1,2 M €	-8.9%	1,3 M €	+26.3%	1 M €	+10.8%	941,9 k €	-2.0%	960,9 k €	+4.9%	915,9 k €	+8.2%	846,4 k €	-5.4%	895,1 k €	+12.0%	799,2 k €	-8.3%	871,7 k €	-12.1%	991,5 k €
EBITDA	637,3 k €	+32.0%	482,8 k €	-31.5%	705,1 k €	+3.4%	682,2 k €	+18.9%	573,7 k €	-3.2%	592,6 k €	-4.8%	622,4 k €	+16.1%	536,3 k €	+7.2%	500,3 k €	-4.6%	524,2 k €	-23.2%	682,2 k €	+92.0%	355,3 k €	+34.4%	264,3 k €	-12.7%	302,9 k €	+3.6%	292,4 k €	+8.5%	269,5 k €	-22.6%	348,4 k €	+60.2%	217,5 k €	-24.9%	289,7 k €	-5.3%	306 k €
Operating result	383,4 k €	+57.1%	244,1 k €	-54.6%	537,3 k €	+23.9%	433,5 k €	+32.6%	326,9 k €	-7.9%	354,9 k €	+19.2%	297,7 k €	-14.5%	348,4 k €	-4.6%	365,2 k €	+17.5%	310,8 k €	-22.3%	399,8 k €	+508%	65,8 k €	+419%	12,7 k €	-28.4%	17,7 k €	-86.3%	129,5 k €	+96.9%	65,7 k €	-48.3%	127,2 k €	+1091%	-12,8 k €	-158%	22 k €	-70.5%	74,3 k €
Net result	379,6 k €	+63.4%	232,3 k €	-55.6%	523 k €	+27.1%	411,5 k €	+41.3%	291,1 k €	-8.6%	318,4 k €	+24.6%	255,5 k €	-19.2%	316,1 k €	-13.4%	365,1 k €	+22.0%	299,3 k €	+17.2%	255,3 k €	+132%	110,3 k €	-6.7%	118,1 k €	+190%	40,7 k €	-72.4%	147,3 k €	+28.0%	115,1 k €	-23.4%	150,2 k €	+62.6%	92,4 k €	-28.3%	128,8 k €	+18.5%	108,6 k €
Balance sheet
Equity	922,5 k €	-27.3%	1,3 M €	-1.6%	1,3 M €	+6.0%	1,2 M €	+2.7%	1,2 M €	+10.1%	1,1 M €	+6.3%	1 M €	+16.1%	872,1 k €	-35.2%	1,3 M €	+1.4%	1,3 M €	+1.9%	1,3 M €	+4.4%	1,2 M €	+6.0%	1,2 M €	+4.7%	1,1 M €	+3.8%	1,1 M €	+2.1%	1,1 M €	+5.0%	1 M €	+5.2%	960,6 k €	+10.6%	868,3 k €	+17.4%	739,5 k €
Total assets	3 M €	+14.9%	2,6 M €	+6.3%	2,5 M €	+12.0%	2,2 M €	+13.1%	1,9 M €	-18.4%	2,4 M €	-2.4%	2,4 M €	+25.4%	1,9 M €	+21.5%	1,6 M €	+2.9%	1,5 M €	-10.7%	1,7 M €	+4.5%	1,7 M €	-1.1%	1,7 M €	+11.5%	1,5 M €	+14.3%	1,3 M €	-8.8%	1,4 M €	+4.2%	1,4 M €	+15.9%	1,2 M €	-3.8%	1,2 M €	-1.5%	1,3 M €
Cash	1,2 M €	+43.3%	828 k €	-15.8%	983,4 k €	+5.7%	930,5 k €	+51.7%	613,4 k €	-49.5%	1,2 M €	+7.9%	1,1 M €	+22.5%	918,8 k €	+26.6%	726 k €	+34.0%	542 k €	-14.0%	630,6 k €	-10.0%	700,6 k €	+38.6%	505,7 k €	+12.3%	450,4 k €	-29.0%	634,1 k €	-0.0%	634,2 k €	-4.6%	664,7 k €	+50.8%	440,8 k €	-16.5%	527,7 k €	-12.5%	603,3 k €
Debts	2,1 M €	+54.9%	1,3 M €	+15.1%	1,2 M €	+19.6%	970,3 k €	+30.0%	746,5 k €	-42.0%	1,3 M €	-8.4%	1,4 M €	+32.7%	1,1 M €	+328%	247,3 k €	+11.6%	221,6 k €	-19.4%	274,9 k €	+3.2%	266,4 k €	-29.3%	376,6 k €	+46.4%	257,2 k €	+134%	110,1 k €	-57.6%	259,5 k €	+3.1%	251,8 k €	+125%	111,9 k €	-55.4%	251,1 k €	-37.0%	398,4 k €
Other
Workforce	10,7 ETP	+4.9%	10,2 ETP	0.0%	10,2 ETP	-3.8%	10,6 ETP	0.0%	10,6 ETP	0.0%	10,6 ETP	+3.9%	10,2 ETP	-13.6%	11,8 ETP	+8.3%	10,9 ETP	-1.8%	11,1 ETP	-6.7%	11,9 ETP	0.0%	11,9 ETP	+2.6%	11,6 ETP	-0.9%	11,7 ETP	+3.5%	11,3 ETP	+7.6%	10,5 ETP	+6.1%	9,9 ETP	+1.0%	9,8 ETP	-9.3%	10,8 ETP	-1.8%	11,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 20 ended

Active mandates

RULAS

Director · since 01 juillet 2009 · 0811.385.402

Represented by Ingrid Boden

Active

Koen Speltincx

Managing director · since 21 mai 1999

Active

Ended mandates

Koen Speltincx

Managing director · since 19 mai 2023 · until 18 mai 2029

Ended

RULAS

Director · since 19 mai 2023 · until 18 mai 2029 · 0811.385.402

Represented by Ingrid Boden

Ended

Ingrid Boden

Director · since 20 mai 2017 · until 01 janvier 2020

Ended

Ingrid Boden

Director · since 20 mai 2017 · until 20 mai 2023

Ended

At this address

Other companies at this address

Company	CBE no.
RULAS● Active	0811.385.402

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	01/01/2025	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	29/05/2026	28/05/2025	14/06/2024	13/06/2023	03/06/2022	17/06/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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

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	15/05/2026	29/05/2026	Dutch	PDF
Abridged model	31/12/2024	16/05/2025	28/05/2025	Dutch	PDF
Abridged model	31/12/2023	17/05/2024	14/06/2024	Dutch	PDF
Abridged model	31/12/2022	19/05/2023	13/06/2023	Dutch	PDF
Abridged model	31/12/2021	20/05/2022	03/06/2022	Dutch	PDF
Abridged model	31/12/2020	21/05/2021	17/06/2021	Dutch	PDF
Abridged model	31/12/2019	15/05/2020	15/06/2020	Dutch	PDF
Abridged model	31/12/2018	17/05/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	18/05/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	19/05/2017	14/08/2017	Dutch	PDF
Abridged model	31/12/2015	20/05/2016	23/08/2016	Dutch	PDF
Abridged model	31/12/2014	15/05/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	16/05/2014	20/06/2014	Dutch	PDF
Abridged model	31/12/2012	17/05/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	18/05/2012	09/08/2012	Dutch	PDF
Abridged model	31/12/2010	20/05/2011	23/08/2011	Dutch	PDF
Abridged model	31/12/2009	21/05/2010	19/08/2010	Dutch	PDF
Abridged model	31/12/2008	15/05/2009	24/08/2009	Dutch	PDF
Abridged model	31/12/2007	16/05/2008	22/08/2008	Dutch	PDF
Abridged model	31/12/2006	18/05/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2025 · 2 active · 20 ended

Active mandates

RULAS

Director · since 01 juillet 2009 · 0811.385.402

Represented by Ingrid Boden

Active

Koen Speltincx

Managing director · since 21 mai 1999

Active

Ended mandates

Koen Speltincx

Managing director · since 19 mai 2023 · until 18 mai 2029

Ended

RULAS

Director · since 19 mai 2023 · until 18 mai 2029 · 0811.385.402

Represented by Ingrid Boden

Ended

Ingrid Boden

Director · since 20 mai 2017 · until 01 janvier 2020

Ended

Ingrid Boden

Director · since 20 mai 2017 · until 20 mai 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other02/08/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/06/2018
KAPITAAL - AANDELEN
PDF
Mandates28/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares30/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/09/2011
ONTSLAGEN - BENOEMINGEN
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 2025379,6 k €↑
2024
Annual accounts 2024232,3 k €↓
2023
Annual accounts 2023523 k €↑
2022
Annual accounts 2022411,5 k €↑
2021
Annual accounts 2021291,1 k €↓
2020
Annual accounts 2020318,4 k €↑
2019
Annual accounts 2019255,5 k €↓
2018
Annual accounts 2018316,1 k €↓
2017
Annual accounts 2017365,1 k €↑
2016
Annual accounts 2016299,3 k €↑
2015
Annual accounts 2015255,3 k €↑
2014
Annual accounts 2014110,3 k €↓
2013
Annual accounts 2013118,1 k €↑
2012
Annual accounts 201240,7 k €↓
2011
Annual accounts 2011147,3 k €↑
2010
Annual accounts 2010115,1 k €↓
2009
Annual accounts 2009150,2 k €↑
2008
Annual accounts 200892,4 k €↓
2007
Annual accounts 2007128,8 k €↑
2006
Annual accounts 2006108,6 k €
15/07/1991
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

SPELTINCX

Overview

What does SPELTINCX 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

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline