ACTIVE

SPARAXIS

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Financial year 2025 · closed on 31/12/2025

Net result

194,8 k €

-47.3% YoY

Gross margin

248,6 k €

+23.4% YoY

Equity

1,4 M €

-37.3% YoY

What does SPARAXIS do?

SPARAXIS is a Public limited company incorporated in 1994. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Liège.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.116.307

Incorporation

27/01/1994

Legal form

Public limited company

Registered office

Avenue Maurice-Destenay 13
4000 Liège · WallonieSee on map

Contributed capital

273 250,00 €

Latest accounts

31/12/2025

Activities (NACE)

74855Other professional, scientific and technical activities· main 82100Office administrative and support activities 82110Combined office administrative service activities 64200Activities of holding companies 64210Activities of holding companies 74151Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	248,6 k €	+23.4%	201,5 k €	+118%	92,5 k €	+2.7%	90,1 k €	-16.4%	107,8 k €	+9.1%	98,8 k €	-16.9%	119,0 k €	+13.2%	105,1 k €	-13.1%	121,0 k €		–		–		–		–		–		–		–		–		–
EBITDA	247,0 k €	+23.0%	200,9 k €	+118%	92,3 k €	+3.5%	89,2 k €	-16.2%	106,5 k €	+8.7%	97,9 k €	-16.9%	117,8 k €	+13.3%	104,0 k €	-13.3%	120,0 k €	+5.8%	113,4 k €	+52.1%	74,5 k €	-34.5%	113,8 k €	+14.4%	99,5 k €	-35.3%	153,9 k €	-54.3%	336,5 k €	-52.7%	712,2 k €	+39.0%	512,3 k €	-21.2%	650,3 k €
Operating result	221,5 k €	+10.3%	200,9 k €	+118%	92,3 k €	+3.5%	89,2 k €	-16.2%	106,5 k €	+8.7%	97,9 k €	-16.9%	117,8 k €	+13.3%	104,0 k €	-13.3%	120,0 k €	+5.8%	113,4 k €	+52.1%	74,5 k €	-34.5%	113,8 k €	+14.4%	99,5 k €	-35.3%	153,9 k €	-54.3%	336,5 k €	-52.7%	712,2 k €	+45.8%	488,4 k €	-22.0%	626,3 k €
Net result	194,8 k €	-47.3%	369,6 k €	+233%	110,9 k €	+60.3%	69,1 k €	-13.1%	79,6 k €	+10.9%	71,8 k €	-15.5%	85,0 k €	+6.2%	80,0 k €	-11.8%	90,7 k €	-13.1%	104,4 k €	+10.5%	94,4 k €	-25.0%	125,9 k €	+21.6%	103,5 k €	-37.2%	164,9 k €	-48.1%	317,8 k €	-40.3%	532,3 k €	+14.8%	463,6 k €	-13.6%	536,6 k €
Balance sheet
Equity	1,4 M €	-37.3%	2,2 M €	-22.6%	2,8 M €	+4.1%	2,7 M €	+2.7%	2,6 M €	-26.1%	3,5 M €	-20.8%	4,5 M €	-17.0%	5,4 M €	+1.5%	5,3 M €	+1.7%	5,2 M €	+2.0%	5,1 M €	+1.9%	5,0 M €	+2.6%	4,9 M €	+2.2%	4,8 M €	+3.6%	4,6 M €	+7.4%	4,3 M €	+14.2%	3,8 M €	+14.1%	3,3 M €
Total assets	2,4 M €	-25.6%	3,2 M €	+13.7%	2,8 M €	+4.5%	2,7 M €	-25.6%	3,6 M €	-20.5%	4,6 M €	-16.3%	5,5 M €	+1.4%	5,4 M €	+0.7%	5,3 M €	+2.1%	5,2 M €	+2.5%	5,1 M €	+1.9%	5,0 M €	+2.7%	4,9 M €	+1.5%	4,8 M €	-0.8%	4,9 M €	+8.7%	4,5 M €	+13.9%	3,9 M €	+15.7%	3,4 M €
Cash	71,0 k €	-97.6%	3,0 M €	+127%	1,3 M €	+396%	265,2 k €	+45.4%	182,4 k €	+25.2%	145,7 k €	-61.3%	376,8 k €	+30.6%	288,4 k €	-4.9%	303,4 k €	-90.6%	3,2 M €	+4.3%	3,1 M €	+3.4%	3,0 M €	+254%	845,4 k €	-70.0%	2,8 M €	+1191%	218,3 k €	-8.7%	239,0 k €	+2263%	10,1 k €	-73.9%	38,8 k €
Debts	1,0 M €	-1.6%	1,1 M €	+2536%	40,1 k €	+41.7%	28,3 k €	-97.2%	1,0 M €	-1.6%	1,0 M €	+3.7%	1,0 M €	+13166%	7,6 k €	-84.6%	49,2 k €	+53.4%	32,1 k €	+253%	9,1 k €	+42.4%	6,4 k €	+311%	1,6 k €	-95.3%	32,8 k €	-86.2%	237,2 k €	+42.7%	166,2 k €	+2.5%	162,2 k €	+71.4%	94,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 166 ended

Active mandates

Eric PONCIN

Director · since 14 janvier 2019 · until 12 mai 2026

Active

Olivier BOUCHAT

Director · since 14 janvier 2019 · until 12 mai 2026

Active

Olivier VANDERIJST

Chairman of the board of directors · since 12 mai 2009 · until 12 mai 2026

Active

Sébastien DURIEUX

Director · since 12 mai 2009 · until 12 mai 2026

Active

Ended mandates

Olivier VANDERIJST

Chairman of the board of directors · since 18 juillet 2022 · until 12 mai 2026

Ended

Sébastien DURIEUX

Director · since 18 juillet 2022 · until 12 mai 2026

Ended

Adrien GRABARSKI

Director · since 01 juillet 2019 · until 31 décembre 2020

Ended

Adrien GRABARSKI

Director · since 01 juillet 2019 · until 10 mai 2022

Ended

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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	20/05/2026	24/06/2025	17/06/2024	05/07/2023	07/06/2022	14/06/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	09/05/2023	10/05/2022	11/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/05/2026	20/05/2026	French	PDF
Abridged model	31/12/2024	13/05/2025	24/06/2025	French	PDF
Abridged model	31/12/2023	14/05/2024	17/06/2024	French	PDF
Abridged model	31/12/2022	09/05/2023	05/07/2023	French	PDF
Abridged model	31/12/2021	10/05/2022	07/06/2022	French	PDF
Abridged model	31/12/2020	11/05/2021	14/06/2021	French	PDF
Abridged model	31/12/2019	12/05/2020	18/05/2020	French	PDF
Abridged modelCorrection	31/12/2018	14/05/2019	27/06/2019	French	PDF
Abridged model	31/12/2018	14/05/2019	17/05/2019	French	PDF
Abridged model	31/12/2017	08/05/2018	17/05/2018	French	PDF
Full model	31/12/2016	09/05/2017	18/05/2017	French	PDF
Full model	31/12/2015	10/05/2016	31/05/2016	French	PDF
Full model	31/12/2014	12/05/2015	21/05/2015	French	PDF
Full model	31/12/2013	13/05/2014	05/06/2014	French	PDF
Full model	31/12/2012	14/05/2013	13/06/2013	French	PDF
Full model	31/12/2011	08/05/2012	29/05/2012	French	PDF
Full model	31/12/2010	10/05/2011	19/05/2011	French	PDF
Full model	31/12/2009	11/05/2010	25/05/2010	French	PDF
Full model	31/12/2008	12/05/2009	27/05/2009	French	PDF
Full model	31/12/2007	13/05/2008	19/05/2008	French	PDF
Full model	31/12/2006	08/05/2007	24/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 4 active · 166 ended

Active mandates

Eric PONCIN

Director · since 14 janvier 2019 · until 12 mai 2026

Active

Olivier BOUCHAT

Director · since 14 janvier 2019 · until 12 mai 2026

Active

Olivier VANDERIJST

Chairman of the board of directors · since 12 mai 2009 · until 12 mai 2026

Active

Sébastien DURIEUX

Director · since 12 mai 2009 · until 12 mai 2026

Active

Ended mandates

Olivier VANDERIJST

Chairman of the board of directors · since 18 juillet 2022 · until 12 mai 2026

Ended

Sébastien DURIEUX

Director · since 18 juillet 2022 · until 12 mai 2026

Ended

Adrien GRABARSKI

Director · since 01 juillet 2019 · until 31 décembre 2020

Ended

Adrien GRABARSKI

Director · since 01 juillet 2019 · until 10 mai 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/09/2025
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Restructuring07/01/2025
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring31/10/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates19/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates05/02/2024
DEMISSIONS, NOMINATIONS
PDF
Other16/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates29/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates02/08/2021
DEMISSIONS, NOMINATIONS
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 2025194,8 k €↓
2024
Annual accounts 2024369,6 k €↑
2023
Annual accounts 2023110,9 k €↑
2022
Annual accounts 202269,1 k €↓
2021
Annual accounts 202179,6 k €↑
2020
Annual accounts 202071,8 k €↓
2019
Annual accounts 201985,0 k €↑
2018
Annual accounts 201880,0 k €↓
2017
Annual accounts 201790,7 k €↓
2016
Annual accounts 2016104,4 k €↑
2015
Annual accounts 201594,4 k €↓
2014
Annual accounts 2014125,9 k €↑
2013
Annual accounts 2013103,5 k €↓
2012
Annual accounts 2012164,9 k €↓
2011
Annual accounts 2011317,8 k €↓
2010
Annual accounts 2010532,3 k €↑
2009
Annual accounts 2009463,6 k €↓
2008
Annual accounts 2008536,6 k €
27/01/1994
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

SPARAXIS

Overview

What does SPARAXIS do?

Trend over 18 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