ACTIVE

THE SPREADMAKER

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Financial year 2025 · Closed on 31/12/2025

Net result1,2 M €+33,8 %over 1 year

Gross margin3 M €+26,9 %over 1 year

Equity2,6 M €+77,8 %over 1 year

Workforce12,4 ETP+6,0 %over 1 year

Identity

Source · BCE/KBO

THE SPREADMAKER is a Private limited company incorporated in 1993. Its main activity is: Wholesale of meat and meat products. Its registered office is in Hulshout. It employs on average 12,4 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0451.346.938
Incorporation: 04/11/1993
Legal form: Private limited company
Registered office: Industriepark 15
2235 Hulshout · FlandreSee on map
Contributed capital: 18 600,00 €
Latest accounts: 31/12/2025
Average workforce: 12,4 ETP

Activities (NACE)

46321Wholesale of meat and meat products· main 46321Wholesale of meat and meat products

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 21 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	3 M €	+26.9%	2,3 M €	+122%	1 M €	-12.4%	1,2 M €	-21.1%	1,5 M €
EBITDA	2,1 M €	+35.6%	1,5 M €	+401%	304,5 k €	-43.9%	543,2 k €	-35.7%	844,2 k €
Operating result	1,7 M €	+38.5%	1,2 M €	+9414%	-13,1 k €	-107%	195,7 k €	-54.9%	433,4 k €
Net result	1,2 M €	+33.8%	913,4 k €	+1495%	-65,5 k €	-163%	104 k €	-62.8%	279,8 k €
Balance sheet
Equity	2,6 M €	+77.8%	1,5 M €	+121%	669,8 k €	-25.8%	902,9 k €	-10.6%	1 M €
Total assets	4,3 M €	+7.8%	4 M €	+66.1%	2,4 M €	-12.0%	2,7 M €	+8.3%	2,5 M €
Cash	1,2 M €	+392%	246,7 k €	-44.4%	444,1 k €	-1.1%	449,3 k €	-7.9%	488 k €
Debts	1,6 M €	-33.9%	2,5 M €	+44.5%	1,7 M €	-5.4%	1,8 M €	+23.1%	1,5 M €
Other
Workforce	12,4 ETP	+6.0%	11,7 ETP	+6.4%	11,0 ETP	-8.3%	12,0 ETP	0.0%	12,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
P-MANAGEMENT0894.159.757Represented by Pascal Verbinnen	Directorsince 19/12/2012Manager19/12/2012 → 2014 accountsendedMandate2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
THE SPREADMAKER0451.346.938Represented by Pascal Verbinnen	Manager19/12/2012 → 2016 accounts
WINGS MANAGEMENT & CONSULTING0464.226.954Represented by Mario Vleugels	Manager19/12/2012 → 2013 accounts
ROMAPE0446.112.304Represented by Mario Vleugels	Manager31/08/2005 → 19/12/2012

Full financial information

Source · NBB

	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	30/06/2026	01/07/2025	10/07/2024	31/08/2023	01/07/2022	08/07/2021
General meeting	29/06/2026	30/06/2025	24/06/2024	31/07/2023	27/06/2022	28/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	01/07/2025	Dutch	PDF
Abridged model	31/12/2023	24/06/2024	10/07/2024	Dutch	PDF
Abridged model	31/12/2022	31/07/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	27/06/2022	01/07/2022	Dutch	PDF
Abridged model	31/12/2020	28/06/2021	08/07/2021	Dutch	PDF
Abridged model	31/12/2019	29/06/2020	16/09/2020	Dutch	PDF
Abridged model	31/12/2018	24/06/2019	21/08/2019	Dutch	PDF
Abridged model	31/12/2017	25/06/2018	18/09/2018	Dutch	PDF
Abridged model	31/12/2016	26/06/2017	16/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	28/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/06/2015	07/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	07/07/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	14/08/2013	Dutch	PDF
Abridged model	31/12/2011	14/05/2012	17/09/2012	Dutch	PDF
Abridged model	31/12/2010	09/05/2011	12/07/2011	Dutch	PDF
Abridged model	31/12/2009	10/05/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	11/05/2009	25/09/2009	Dutch	PDF
Abridged model	31/12/2007	12/05/2008	29/09/2008	Dutch	PDF
Abridged model	31/12/2006	14/05/2007	19/10/2007	Dutch	PDF
Abridged model	31/12/2005	08/05/2006	26/04/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
P-MANAGEMENT0894.159.757Represented by Pascal Verbinnen	Directorsince 19/12/2012Manager19/12/2012 → 2014 accountsendedMandate2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
THE SPREADMAKER0451.346.938Represented by Pascal Verbinnen	Manager19/12/2012 → 2016 accounts
WINGS MANAGEMENT & CONSULTING0464.226.954Represented by Mario Vleugels	Manager19/12/2012 → 2013 accounts
ROMAPE0446.112.304Represented by Mario Vleugels	Manager31/08/2005 → 19/12/2012

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office08/05/2019
WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares26/07/2016
Kapitaalswijziging
PDF
Mandates12/01/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/01/2013
MAATSCHAPPELIJKE ZETEL - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office22/10/2009
wijziging maatschappelijke zetel
PDF
Mandates24/10/2005
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/03/2004
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings21 filings

Mandates

P-MANAGEMENT

THE SPREADMAKER

WINGS MANAGEMENT & CONSULTING

ROMAPE

Maria Michiels

1993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

THE SPREADMAKERPRIMA FOOD

Industriepark 15, 2235 Hulshout

DirectorManager

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Industriepark 15, 2235 HulshoutCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00221152

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
THE SPREADMAKERCurrent	accounts 2018 → 2025	Accounts 2025 · 2026-00221152
PRIMA FOOD	accounts 2005 → 2017	Accounts 2017 · 2018-63500538

Events

2025
Annual accounts 20251,2 M €↑
2024
Annual accounts 2024913,4 k €↑
2023
Annual accounts 2023-65,5 k €↓
2022
Annual accounts 2022104 k €↓
2021
Annual accounts 2021279,8 k €↑
2020
Annual accounts 2020248,4 k €↑
2019
Annual accounts 2019101,7 k €↓
2018
Annual accounts 2018167,7 k €↓
2018
Name changeTHE SPREADMAKER
2017
Annual accounts 2017211,5 k €↓
2016
Annual accounts 2016222,5 k €↑
2015
Annual accounts 2015164,3 k €↑
2014
Annual accounts 2014112,4 k €↑
2013
Annual accounts 201332,5 k €↑
2012
Annual accounts 20127,4 k €↑
2011
Annual accounts 2011-1,2 k €↓
2010
Annual accounts 2010-1,1 k €↑
2009
Annual accounts 2009-2,9 k €↑
2008
Annual accounts 2008-9,5 k €↑
2007
Annual accounts 2007-19,7 k €↓
2006
Annual accounts 200614,4 k €↑
2005
Annual accounts 2005-4,9 k €
04/11/1993
IncorporationPrivate limited company

THE SPREADMAKER

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Timeline

Registered offices

Company names

Events