ACTIVE

SPL BUILDING

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Financial year 2025 · closed on 31/12/2025

Net result

239 k €

+7.6% YoY

Gross margin

425,6 k €

-0.9% YoY

Equity

500,7 k €

+17.5% YoY

What does SPL BUILDING do?

SPL BUILDING is a Public limited company incorporated in 1992. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Sint-Pieters-Leeuw.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.156.322

Incorporation

30/12/1992

Legal form

Public limited company

Registered office

Bergensesteenweg 189
1600 Sint-Pieters-Leeuw · FlandreSee on map

Contributed capital

168 567,60 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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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	425,6 k €	-0.9%	429,3 k €	+11.7%	384,4 k €	-4.1%	400,9 k €	+16.7%	343,6 k €	+7.6%	319,3 k €	+11.4%	286,6 k €	+7.7%	266,1 k €	+16.8%	227,8 k €	-10.2%	253,8 k €	+9.3%	232,1 k €	-10.6%	259,6 k €	+2.1%	254,3 k €	-5.5%	269 k €	+0.9%	266,5 k €	-0.1%	266,6 k €	-4.7%	279,9 k €	+5.6%	265 k €	+16.8%	226,9 k €	+12.6%	201,4 k €
EBITDA	371,9 k €	-3.0%	383,4 k €	+13.8%	336,8 k €	-4.9%	354 k €	+18.3%	299,3 k €	+7.9%	277,3 k €	+12.6%	246,3 k €	+11.5%	220,9 k €	-4.6%	231,6 k €	+5.0%	220,7 k €	+4.0%	212,1 k €	-2.2%	216,8 k €	-4.5%	227 k €	+2.8%	220,9 k €	+1.2%	218,3 k €	-2.6%	224,2 k €	-2.1%	228,9 k €	+3.6%	221 k €	+19.4%	185,1 k €	-21.3%	235,1 k €
Operating result	329,9 k €	+8.4%	304,4 k €	+17.9%	258,2 k €	+11.4%	231,8 k €	-2.7%	238,2 k €	+7.6%	221,4 k €	+31.7%	168,1 k €	+25.1%	134,5 k €	+1.5%	132,4 k €	+10.8%	119,5 k €	+41.4%	84,5 k €	-2.2%	86,4 k €	-9.6%	95,6 k €	+4.7%	91,3 k €	-0.3%	91,6 k €	+4.7%	87,5 k €	-11.9%	99,3 k €	+13.3%	87,6 k €	+103%	43,2 k €	-63.8%	119,3 k €
Net result	239 k €	+7.6%	222,1 k €	+17.9%	188,5 k €	+25.7%	150 k €	-14.5%	175,3 k €	+6.0%	165,4 k €	+33.2%	124,2 k €	+38.5%	89,7 k €	+18.5%	75,6 k €	-3.5%	78,4 k €	+49.6%	52,4 k €	+11.0%	47,2 k €	-8.9%	51,8 k €	+17.3%	44,2 k €	+16.3%	38 k €	+23.6%	30,7 k €	-27.1%	42,1 k €	+77.8%	23,7 k €	+186%	-27,5 k €	-155%	50,4 k €
Balance sheet
Equity	500,7 k €	+17.5%	426 k €	+13.5%	375,3 k €	+21.7%	308,3 k €	-10.7%	345,4 k €	-6.0%	367,6 k €	-8.6%	402,2 k €	+6.4%	378 k €	+16.2%	325,3 k €	-3.0%	335,4 k €	-2.1%	342,7 k €	-4.5%	358,8 k €	-1.2%	363,1 k €	+5.0%	345,7 k €	+0.7%	343,2 k €	-1.4%	348,2 k €	-1.7%	354,1 k €	-1.8%	360,6 k €	-8.5%	394,2 k €	-14.9%	463,4 k €
Total assets	1 M €	+5.5%	972,7 k €	+5.9%	918,2 k €	-6.8%	984,9 k €	-9.9%	1,1 M €	-11.9%	1,2 M €	+7.8%	1,2 M €	+22.8%	936,7 k €	+9.8%	853,2 k €	-6.4%	911,8 k €	+1.7%	896,1 k €	-10.5%	1 M €	-8.8%	1,1 M €	-6.0%	1,2 M €	-7.9%	1,3 M €	-9.7%	1,4 M €	-7.4%	1,5 M €	-5.4%	1,6 M €	-5.6%	1,7 M €	+1.0%	1,7 M €
Cash	192,7 k €	+27.3%	151,4 k €	+161%	58 k €	+13.0%	51,3 k €	-57.8%	121,6 k €	-73.0%	450,2 k €	+19.6%	376,3 k €	+72.1%	218,7 k €	+5.1%	208,1 k €	+17.6%	176,9 k €	+43.5%	123,2 k €	+268%	33,5 k €	-27.5%	46,2 k €	+1186%	3,6 k €	+128%	1,6 k €	-61.4%	4,1 k €		–		–		–		4,8 k €
Debts	525,2 k €	+5.9%	495,9 k €	+0.6%	492,9 k €	-21.2%	625,7 k €	-16.3%	747,3 k €	-13.9%	867,6 k €	+17.2%	739,9 k €	+35.3%	547 k €	+6.6%	513,3 k €	+0.1%	513 k €	+5.9%	484,5 k €	-12.7%	554,8 k €	-13.5%	641,2 k €	-10.7%	718,2 k €	-13.4%	829,5 k €	-14.5%	969,9 k €	-10.6%	1,1 M €	-6.5%	1,2 M €	-6.9%	1,2 M €	+7.6%	1,2 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 25 ended

Active mandates

André Smeets

Gedeleerd bestuurder · since 16 juin 2026 · until 18 mai 2032

Active

Martin Smeets

Director · since 16 juin 2026 · until 18 mai 2032

Active

Pierre-Henri De Vigne

Director · since 16 juin 2026 · until 18 mai 2032

Active

Ended mandates

Martin Smeets

Director · since 13 avril 2022 · until 13 avril 2028

Ended

Martin Smeets

Director · since 13 avril 2022

Ended

André Smeets

Managing director · since 11 juin 2018 · until 21 mai 2024

Ended

André Smeets

Managing director · since 11 juin 2018

Ended

At this address

Other companies at this address

Company	CBE no.
BELTRACY● Active	0403.160.407
SMEETS● Active	0448.866.906
SPATIO● Active	0479.002.628

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	29/06/2026	08/07/2025	16/07/2024	24/07/2023	08/07/2022	28/07/2021
General meeting	16/06/2026	06/06/2025	14/06/2024	16/06/2023	10/06/2022	23/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	16/06/2026	29/06/2026	Dutch	PDF
Micro model	31/12/2024	06/06/2025	08/07/2025	Dutch	PDF
Micro model	31/12/2023	14/06/2024	16/07/2024	Dutch	PDF
Micro model	31/12/2022	16/06/2023	24/07/2023	Dutch	PDF
Micro model	31/12/2021	10/06/2022	08/07/2022	Dutch	PDF
Micro model	31/12/2020	23/06/2021	28/07/2021	Dutch	PDF
Micro model	31/12/2019	01/07/2020	22/09/2020	Dutch	PDF
Micro model	31/12/2018	13/06/2019	22/07/2019	Dutch	PDF
Micro model	31/12/2017	11/06/2018	19/06/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	16/06/2016	08/09/2016	Dutch	PDF
Abridged model	31/12/2014	11/06/2015	07/08/2015	Dutch	PDF
Abridged model	31/12/2013	25/07/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	16/07/2013	Dutch	PDF
Abridged model	31/12/2011	27/09/2012	28/09/2012	Dutch	PDF
Abridged model	31/12/2010	16/09/2011	28/09/2011	Dutch	PDF
Abridged model	31/12/2009	08/10/2010	12/10/2010	Dutch	PDF
Abridged model	31/12/2008	18/09/2009	29/09/2009	Dutch	PDF
Abridged model	31/12/2007	16/09/2008	17/09/2008	Dutch	PDF
Abridged modelCorrection	31/12/2006	19/10/2007	12/11/2007	Dutch	PDF
Abridged model	31/12/2006	19/10/2007	24/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 3 active · 25 ended

Active mandates

André Smeets

Gedeleerd bestuurder · since 16 juin 2026 · until 18 mai 2032

Active

Martin Smeets

Director · since 16 juin 2026 · until 18 mai 2032

Active

Pierre-Henri De Vigne

Director · since 16 juin 2026 · until 18 mai 2032

Active

Ended mandates

Martin Smeets

Director · since 13 avril 2022 · until 13 avril 2028

Ended

Martin Smeets

Director · since 13 avril 2022

Ended

André Smeets

Managing director · since 11 juin 2018 · until 21 mai 2024

Ended

André Smeets

Managing director · since 11 juin 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/09/2026
Herbenoeming van de mandaten van de gedelegeerd bestuurder en de
PDF
Mandates18/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/12/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares16/01/2012
KAPITAAL - AANDELEN
PDF
Mandates18/11/2009
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 2025239 k €↑
2024
Annual accounts 2024222,1 k €↑
2023
Annual accounts 2023188,5 k €↑
2022
Annual accounts 2022150 k €↓
2021
Annual accounts 2021175,3 k €↑
2020
Annual accounts 2020165,4 k €↑
2019
Annual accounts 2019124,2 k €↑
2018
Annual accounts 201889,7 k €↑
2017
Annual accounts 201775,6 k €↓
2016
Annual accounts 201678,4 k €↑
2015
Annual accounts 201552,4 k €↑
2014
Annual accounts 201447,2 k €↓
2013
Annual accounts 201351,8 k €↑
2012
Annual accounts 201244,2 k €↑
2011
Annual accounts 201138 k €↑
2010
Annual accounts 201030,7 k €↓
2009
Annual accounts 200942,1 k €↑
2008
Annual accounts 200823,7 k €↑
2007
Annual accounts 2007-27,5 k €↓
2006
Annual accounts 200650,4 k €
30/12/1992
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

SPL BUILDING

Overview

What does SPL BUILDING 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