ACTIVE

SPES

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Financial year 2025 · closed on 30/06/2025

Net result

9,1 k €

+254.3% YoY

Gross margin

70 k €

+18.8% YoY

Equity

136,2 k €

+7.2% YoY

What does SPES do?

SPES is a Public limited company incorporated in 1993. Its registered office is in Bredene.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.568.058

Incorporation

24/11/1993

Legal form

Public limited company

Registered office

Keerweg 6
8450 Bredene · FlandreSee on map

Contributed capital

68 314,82 €

Latest accounts

30/06/2025

Signals

ProfitablePositive cashflowPositive EBITDA

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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		2011		2010		2009		2008		2007
Income statement
Gross margin	70 k €	+18.8%	58,9 k €	-9.9%	65,4 k €	-8.0%	71,1 k €	+0.7%	70,6 k €	-14.9%	82,9 k €	+2.8%	80,7 k €	+4.4%	77,3 k €	-2.8%	79,5 k €	+46.3%	54,4 k €	+16.3%	46,8 k €	+37.1%	34,1 k €	+11.6%	30,6 k €	-72.2%	110,2 k €	+29.4%	85,2 k €	+314%	20,6 k €	-27.7%	28,5 k €	+18.4%	24 k €	-20.2%	30,1 k €
EBITDA	56,8 k €	+22.4%	46,5 k €	-13.8%	53,9 k €	-10.0%	59,9 k €	+0.7%	59,5 k €	-28.2%	82,8 k €	+31.7%	62,9 k €	-4.7%	66 k €	-12.8%	75,7 k €	+59.8%	47,4 k €	+7.4%	44,1 k €	+43.1%	30,8 k €	+7.2%	28,7 k €	-73.0%	106,4 k €	+29.2%	82,3 k €	+368%	17,6 k €	-31.3%	25,6 k €	+20.8%	21,2 k €	-22.8%	27,4 k €
Operating result	6 k €	+194%	-6,4 k €	-282%	3,5 k €	-62.9%	9,4 k €	+8.1%	8,7 k €	-75.8%	36 k €	+124%	16,1 k €	+210%	5,2 k €	-65.1%	14,8 k €	+149%	-30,4 k €	-1582%	2 k €	+104%	-45,9 k €	-1525%	3,2 k €	-96.0%	80,8 k €	+74.4%	46,3 k €	+680%	-8 k €	-5856%	138,9 €	+107%	-2 k €	-159%	3,3 k €
Net result	9,1 k €	+254%	-5,9 k €	-271%	3,5 k €	-74.6%	13,6 k €	+40.9%	9,7 k €	-73.7%	36,8 k €	+134%	15,7 k €	+320%	3,7 k €	-69.7%	12,4 k €	+138%	-32,5 k €	-10679%	-301,4 €	+99.3%	-41,8 k €	-823%	5,8 k €	-88.8%	51,9 k €	+182%	18,4 k €	+367%	-6,9 k €	-439%	2 k €	+124%	-8,4 k €	-734%	-1 k €
Balance sheet
Equity	136,2 k €	+7.2%	127,1 k €	-4.4%	133 k €	+2.7%	129,5 k €	+11.7%	115,9 k €	+18.9%	97,5 k €	+60.5%	60,7 k €	+34.9%	45 k €	+9.1%	41,3 k €	+42.9%	28,9 k €	-52.9%	61,4 k €	-0.5%	61,7 k €	-40.4%	103,5 k €	+5.9%	97,7 k €	+113%	45,9 k €	+67.0%	27,5 k €	-20.0%	34,3 k €	+6.3%	32,3 k €	-20.6%	40,7 k €
Total assets	1 M €	-1.4%	1 M €	-3.1%	1,1 M €	-2.3%	1,1 M €	-0.8%	1,1 M €	-1.4%	1,1 M €	+0.9%	1,1 M €	-2.2%	1,1 M €	-0.6%	1,1 M €	+1.8%	1,1 M €	+22.5%	901,7 k €	-2.9%	928,4 k €	+70.8%	543,5 k €	-1.5%	552 k €	-10.9%	619,7 k €	+44.2%	429,8 k €	+1.3%	424,1 k €	-2.0%	432,9 k €	-4.7%	454,3 k €
Cash	30,7 k €	-41.4%	52,4 k €	-24.0%	68,9 k €	-47.8%	132 k €	+27.1%	103,8 k €	+53.4%	67,7 k €	+35.2%	50,1 k €	+75.3%	28,6 k €	+126%	12,6 k €	+98.2%	6,4 k €	-49.6%	12,6 k €	-65.7%	36,9 k €	-23.3%	48,1 k €	+15.7%	41,6 k €	+898%	4,2 k €	-78.1%	19 k €	+43.6%	13,2 k €	-7.3%	14,3 k €	-4.8%	15 k €
Debts	849,9 k €	-2.6%	872,6 k €	-2.9%	898,6 k €	-2.9%	925,8 k €	-2.2%	946,7 k €	-2.4%	970,1 k €	-2.4%	994,3 k €	-3.8%	1 M €	-1.0%	1 M €	+0.9%	1 M €	+29.8%	797,1 k €	-3.0%	821,9 k €	+109%	392,9 k €	-3.0%	405,1 k €	-26.6%	551,9 k €	+37.2%	402,3 k €	+3.2%	389,8 k €	-2.7%	400,6 k €	-3.1%	413,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 14 ended

Active mandates

Christine Vanmassenhove

Director

Active

Dirk Van Steelandt

Director

Active

Ended mandates

Christine Vanmassenhove

Director · since 25 novembre 2017 · until 25 novembre 2023

Ended

Dirk Van Steelandt

Managing director · since 25 novembre 2017 · until 25 novembre 2023

Ended

Frank Van Steelandt

Director · since 25 novembre 2017 · until 25 novembre 2023

Ended

Christine Vanmassenhove

Director · since 25 novembre 2011 · until 25 novembre 2017

Ended

At this address

Other companies at this address

Company	CBE no.
DOKTER DIRK VAN STEELANDT● Active	0435.247.611

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/01/2026	23/01/2025	19/01/2024	27/01/2023	25/01/2022	18/12/2020
General meeting	27/12/2025	28/12/2024	23/12/2023	30/12/2022	27/12/2021	27/11/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	27/12/2025	22/01/2026	Dutch	PDF
Abridged model	30/06/2024	28/12/2024	23/01/2025	Dutch	PDF
Abridged model	30/06/2023	23/12/2023	19/01/2024	Dutch	PDF
Abridged model	30/06/2022	30/12/2022	27/01/2023	Dutch	PDF
Abridged model	30/06/2021	27/12/2021	25/01/2022	Dutch	PDF
Abridged model	30/06/2020	27/11/2020	18/12/2020	Dutch	PDF
Micro model	30/06/2019	29/11/2019	06/01/2020	Dutch	PDF
Micro model	30/06/2018	30/11/2018	07/01/2019	Dutch	PDF
Micro model	30/06/2017	24/11/2017	04/01/2018	Dutch	PDF
Abridged model	30/06/2016	25/11/2016	03/01/2017	Dutch	PDF
Abridged model	30/06/2015	27/11/2015	04/01/2016	Dutch	PDF
Abridged model	30/06/2014	28/11/2014	05/12/2014	Dutch	PDF
Abridged model	30/06/2013	29/11/2013	28/01/2014	Dutch	PDF
Abridged model	30/06/2012	30/11/2012	03/01/2013	Dutch	PDF
Abridged model	30/06/2011	25/11/2011	02/02/2012	Dutch	PDF
Abridged model	30/06/2010	26/11/2010	20/12/2010	Dutch	PDF
Abridged model	30/06/2009	27/11/2009	04/01/2010	Dutch	PDF
Abridged model	30/06/2008	28/11/2008	09/01/2009	Dutch	PDF
Abridged model	30/06/2007	30/11/2007	17/12/2007	Dutch	PDF
Abridged model	30/06/2006	15/12/2006	11/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 30/06/2025 · 2 active · 14 ended

Active mandates

Christine Vanmassenhove

Director

Active

Dirk Van Steelandt

Director

Active

Ended mandates

Christine Vanmassenhove

Director · since 25 novembre 2017 · until 25 novembre 2023

Ended

Dirk Van Steelandt

Managing director · since 25 novembre 2017 · until 25 novembre 2023

Ended

Frank Van Steelandt

Director · since 25 novembre 2017 · until 25 novembre 2023

Ended

Christine Vanmassenhove

Director · since 25 novembre 2011 · until 25 novembre 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/04/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates24/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/02/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/02/2006
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares31/12/2004
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 20259,1 k €↑
2024
Annual accounts 2024-5,9 k €↓
2023
Annual accounts 20233,5 k €↓
2022
Annual accounts 202213,6 k €↑
2021
Annual accounts 20219,7 k €↓
2020
Annual accounts 202036,8 k €↑
2019
Annual accounts 201915,7 k €↑
2018
Annual accounts 20183,7 k €↓
2017
Annual accounts 201712,4 k €↑
2016
Annual accounts 2016-32,5 k €↓
2015
Annual accounts 2015-301,4 €↑
2014
Annual accounts 2014-41,8 k €↓
2013
Annual accounts 20135,8 k €↓
2012
Annual accounts 201251,9 k €↑
2011
Annual accounts 201118,4 k €↑
2010
Annual accounts 2010-6,9 k €↓
2009
Annual accounts 20092 k €↑
2008
Annual accounts 2008-8,4 k €↓
2007
Annual accounts 2007-1 k €
24/11/1993
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

SPES

Overview

What does SPES 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