ACTIVE

THE SPREADMAKER

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Financial year 2025 · closed on 31/12/2025

Net result

1,2 M €

+33.8% YoY

Gross margin

3 M €

+26.9% YoY

Equity

2,6 M €

+77.8% YoY

Workforce

12,4 ETP

+6.0% YoY

What does THE SPREADMAKER do?

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

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 21 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006		2005
Income statement
Gross margin	3 M €	+26.9%	2,3 M €	+122%	1 M €	-12.4%	1,2 M €	-21.1%	1,5 M €	+7.0%	1,4 M €	+16.3%	1,2 M €	+2.8%	1,2 M €	+7.0%	1,1 M €	+15.5%	957,1 k €	+22.6%	780,8 k €	+48.3%	526,6 k €	+239%	155,1 k €	+1280%	11,2 k €	+1734%	-688,1 €	-9.3%	-629,4 €	+73.2%	-2,3 k €	+70.9%	-8,1 k €	+42.1%	-13,9 k €	-167%	20,8 k €	-66.1%	61,4 k €
EBITDA	2,1 M €	+35.6%	1,5 M €	+401%	304,5 k €	-43.9%	543,2 k €	-35.7%	844,2 k €	+9.3%	772,3 k €	+35.5%	570 k €	-7.4%	615,9 k €	-7.1%	663 k €	+19.3%	555,7 k €	+25.4%	443,1 k €	+66.9%	265,5 k €	+457%	47,7 k €	+409%	9,4 k €	+959%	-1,1 k €	-5.7%	-1 k €	+62.5%	-2,7 k €	+70.8%	-9,4 k €	+46.9%	-17,7 k €	+54.2%	-38,7 k €	-982%	4,4 k €
Operating result	1,7 M €	+38.5%	1,2 M €	+9414%	-13,1 k €	-107%	195,7 k €	-54.9%	433,4 k €	+8.6%	399,2 k €	+157%	155,2 k €	-45.2%	283,2 k €	-27.1%	388,5 k €	-4.8%	408 k €	+29.7%	314,5 k €	+88.4%	167 k €	+431%	31,5 k €	+291%	8 k €	+839%	-1,1 k €	-5.7%	-1 k €	+62.5%	-2,7 k €	+70.8%	-9,4 k €	+46.9%	-17,7 k €	+54.8%	-39,2 k €	-1369%	-2,7 k €
Net result	1,2 M €	+33.8%	913,4 k €	+1495%	-65,5 k €	-163%	104 k €	-62.8%	279,8 k €	+12.6%	248,4 k €	+144%	101,7 k €	-39.4%	167,7 k €	-20.7%	211,5 k €	-5.0%	222,5 k €	+35.4%	164,3 k €	+46.1%	112,4 k €	+246%	32,5 k €	+336%	7,4 k €	+735%	-1,2 k €	-5.7%	-1,1 k €	+61.3%	-2,9 k €	+69.7%	-9,5 k €	+51.9%	-19,7 k €	-237%	14,4 k €	+394%	-4,9 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 €	+6.0%	953,2 k €	+10.8%	860,1 k €	-0.6%	865,3 k €	+24.0%	697,6 k €	+43.5%	486,1 k €	+9.2%	444,9 k €	+58.6%	280,6 k €	+66.9%	168,2 k €	+24.0%	135,7 k €	+389%	-47 k €	-2.6%	-45,8 k €	-2.5%	-44,7 k €	-6.9%	-41,8 k €	-29.3%	-32,4 k €	-156%	-12,6 k €	+53.2%	-27 k €
Total assets	4,3 M €	+7.8%	4 M €	+66.1%	2,4 M €	-12.0%	2,7 M €	+8.3%	2,5 M €	+6.8%	2,3 M €	-1.3%	2,4 M €	-37.8%	3,8 M €	+32.8%	2,9 M €	+106%	1,4 M €	+17.8%	1,2 M €	+10.1%	1,1 M €	+188%	372,4 k €	+21.0%	307,8 k €	+74524%	412,5 €	-29.5%	585,4 €	+48.1%	395,3 €	-95.1%	8,1 k €	+14.0%	7,1 k €	-81.8%	39 k €	-64.3%	109,4 k €
Cash	1,2 M €	+392%	246,7 k €	-44.4%	444,1 k €	-1.1%	449,3 k €	-7.9%	488 k €	+43.5%	340 k €	+78.0%	191,1 k €	-68.8%	613,3 k €	+24.2%	493,7 k €	-11.1%	555,6 k €	+133%	238,9 k €	+60.3%	149,1 k €	+41.9%	105 k €	-35.9%	163,8 k €	+90860%	180,1 €	-49.0%	353 €	+117%	163 €	-97.6%	6,7 k €		–		13,6 k €	-7.1%	14,6 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 €	+6.8%	1,4 M €	-9.1%	1,5 M €	-48.7%	2,9 M €	+35.5%	2,2 M €	+140%	906,6 k €	+23.0%	737,3 k €	-7.0%	792,9 k €	+288%	204,2 k €	+71.7%	119 k €	+151%	47,4 k €	+2.2%	46,4 k €	+2.9%	45,1 k €	-9.7%	49,9 k €	+26.5%	39,4 k €	-23.7%	51,7 k €	-62.1%	136,4 k €
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	0.0%	12,0 ETP	-3.2%	12,4 ETP	+6.0%	11,7 ETP	+48.1%	7,9 ETP	-7.1%	8,5 ETP	+18.1%	7,2 ETP	+18.0%	6,1 ETP	+96.8%	3,1 ETP		–		–		–		–		–		–		2,0 ETP	-33.3%	3,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 10 ended

Active mandates

P-MANAGEMENT

Director · since 03 mai 2019 · 0894.159.757

Represented by Pascal Verbinnen

Active

Ended mandates

P-MANAGEMENT

Manager · since 19 décembre 2012 · 0894.159.757

Represented by Pascal Verbinnen

Ended

P-MANAGEMENT

Director · since 19 décembre 2012 · 0894.159.757

Represented by Pascal Verbinnen

Ended

P-MANAGEMENT

Manager · since 19 décembre 2012 · 0894.159.757

Represented by Pascal Verbinnen

Ended

P-MANAGEMENT

Manager · since 19 décembre 2012 · 0894.159.757

Represented by Pascal Verbinnen

Ended

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	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

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

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

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 10 ended

Active mandates

P-MANAGEMENT

Director · since 03 mai 2019 · 0894.159.757

Represented by Pascal Verbinnen

Active

Ended mandates

P-MANAGEMENT

Manager · since 19 décembre 2012 · 0894.159.757

Represented by Pascal Verbinnen

Ended

P-MANAGEMENT

Director · since 19 décembre 2012 · 0894.159.757

Represented by Pascal Verbinnen

Ended

P-MANAGEMENT

Manager · since 19 décembre 2012 · 0894.159.757

Represented by Pascal Verbinnen

Ended

P-MANAGEMENT

Manager · since 19 décembre 2012 · 0894.159.757

Represented by Pascal Verbinnen

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office08/05/2019
WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares26/07/2016
KAPITAAL - AANDELEN
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
MAATSCHAPPELIJKE ZETEL
PDF
Mandates24/10/2005
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/03/2004
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
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 20251,2 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 €
2005
Name changePRIMA FOOD
04/11/1993
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

THE SPREADMAKER

Overview

What does THE SPREADMAKER do?

Trend over 21 financial years

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