ACTIVE

FRESH SPEGELAERE

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Financial year 2025 · closed on 31/12/2025

Net result

-731,1 k €

-112.8% YoY

Revenue

30,9 M €

-4.5% YoY

Equity

2,5 M €

-22.3% YoY

Workforce

29,5 ETP

-20.1% YoY

What does FRESH SPEGELAERE do?

FRESH SPEGELAERE is a Public limited company incorporated in 1994. Its main activity is: Non-specialised wholesale of food, beverages and tobacco. Its registered office is in Gistel. It employs on average 29,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.992.275

Incorporation

28/06/1994

Legal form

Public limited company

Registered office

Zevekoteheirweg 89
8470 Gistel · FlandreSee on map

Contributed capital

2 683 000,00 €

Latest accounts

31/12/2025

Average workforce

29,5 ETP

Activities (NACE)

46392Non-specialised wholesale of food, beverages and tobacco· main 46392Non-specialised wholesale of food, beverages and tobacco 51392Air transport 47110Retail sale in non-specialised stores with food, beverages or tobacco predominating 47114Retail sale in non-specialised stores with food, beverages or tobacco predominating 52114Warehousing and storage

Joint committees (3)

Signals

Positive cashflowHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	30,9 M €	-4.5%	32,3 M €	+3.8%	31,1 M €	+3.2%	30,2 M €	+2.9%	29,3 M €	+18.8%	24,7 M €	-2.6%	25,3 M €	-1.3%	25,7 M €	+0.1%	25,6 M €	+0.5%	25,5 M €	-3.2%	26,3 M €	-7.3%	28,4 M €	-3.4%	29,4 M €	+0.2%	29,4 M €	+0.4%	29,2 M €	+11.7%	26,2 M €	+6.4%	24,6 M €
EBITDA	-25,3 k €	+67.9%	-79 k €	-157%	138,9 k €	-76.7%	597,5 k €	-10.5%	667,4 k €	+93.1%	345,6 k €	-56.6%	796,3 k €	-9.0%	874,8 k €	-24.7%	1,2 M €	+7123%	-16,5 k €	-116%	100,5 k €	-67.4%	308 k €	+119%	140,8 k €	-55.1%	313,8 k €	-4.0%	326,8 k €	+12.7%	289,9 k €	-4.4%	303,4 k €
Operating result	-785,6 k €	-33.3%	-589,3 k €	-279%	-155,5 k €	-168%	229,9 k €	+56.6%	146,8 k €	+159%	-247,1 k €	-235%	182,8 k €	-0.5%	183,7 k €	-59.2%	449,9 k €	+158%	-769,4 k €	-47.7%	-520,9 k €	-821%	-56,5 k €	-83.5%	-30,8 k €	-117%	178,1 k €	-2.6%	182,8 k €	+2.2%	179 k €	+2.6%	174,4 k €
Net result	-731,1 k €	-113%	-343,5 k €	-104%	7,8 M €	+2938%	257,4 k €	+23.1%	209,1 k €	+197%	-216,4 k €	-210%	197,3 k €	-4.8%	207,4 k €	-54.0%	450,6 k €	+163%	-714,7 k €	-44.3%	-495,4 k €	-1666%	31,6 k €	-58.1%	75,4 k €	+5.9%	71,2 k €	-21.8%	91 k €	-19.9%	113,7 k €	+45.3%	78,2 k €
Balance sheet
Equity	2,5 M €	-22.3%	3,3 M €	-9.5%	3,6 M €	-39.0%	5,9 M €	+4.5%	5,7 M €	+7.8%	5,3 M €	-4.0%	5,5 M €	+3.7%	5,3 M €	+4.1%	5,1 M €	+9.8%	4,6 M €	+38.5%	3,3 M €	-12.9%	3,8 M €	+0.8%	3,8 M €	+2.0%	3,7 M €	+1.9%	3,7 M €	+2.6%	3,6 M €	+3.3%	3,4 M €
Total assets	10,2 M €	+0.7%	10,2 M €	-49.6%	20,2 M €	+45.1%	13,9 M €	+14.5%	12,1 M €	+1.0%	12 M €	-5.3%	12,7 M €	-4.0%	13,2 M €	-5.3%	13,9 M €	-2.3%	14,3 M €	-9.9%	15,8 M €	+8.3%	14,6 M €	+21.2%	12,1 M €	+15.7%	10,4 M €	+19.9%	8,7 M €	-3.0%	9 M €	+10.1%	8,1 M €
Cash	768,4 k €	+29.4%	593,7 k €	-57.2%	1,4 M €	+61.2%	861,2 k €	-30.6%	1,2 M €	+35.1%	918,4 k €	-35.6%	1,4 M €	+68.0%	848,4 k €	-31.2%	1,2 M €	+2.6%	1,2 M €	+10.6%	1,1 M €	+3.6%	1 M €	+18.7%	883,5 k €	-17.9%	1,1 M €	+41.9%	758 k €	+37.7%	550,6 k €	-40.5%	925,2 k €
Debts	7,5 M €	+9.0%	6,8 M €	-58.5%	16,5 M €	+108%	7,9 M €	+22.6%	6,5 M €	-4.1%	6,7 M €	-6.3%	7,2 M €	-9.1%	7,9 M €	-10.6%	8,8 M €	-8.1%	9,6 M €	-22.8%	12,5 M €	+15.8%	10,8 M €	+30.3%	8,3 M €	+23.4%	6,7 M €	+32.7%	5 M €	-6.6%	5,4 M €	+15.0%	4,7 M €
Other
Workforce	29,5 ETP	-20.1%	36,9 ETP	-3.4%	38,2 ETP	+12.4%	34,0 ETP	+2.4%	33,2 ETP	-5.7%	35,2 ETP	+5.7%	33,3 ETP	-4.3%	34,8 ETP	-1.4%	35,3 ETP	+1.7%	34,7 ETP	+2.4%	33,9 ETP	+10.1%	30,8 ETP	+2.7%	30,0 ETP	+0.7%	29,8 ETP	+10.0%	27,1 ETP	+30.9%	20,7 ETP	+4.0%	19,9 ETP

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 · 3 active · 31 ended

Active mandates

Jan SPEGELAERE

Managing director · since 05 mai 2017 · until 04 mai 2029

Active

Kristof Spegelaere

Managing director · since 05 mai 2017 · until 04 mai 2029

Active

Stefaan SPEGELAERE

Managing director · since 05 mai 2017 · until 04 mai 2029

Active

Ended mandates

ARSU

Managing director · since 05 mai 2017 · until 22 novembre 2019 · 0452.991.681

Represented by Spegelaere Stefaan

Ended

ARSU

Managing director · since 05 mai 2017 · until 05 mai 2023 · 0452.991.681

Represented by Stefaan Spegelaere

Ended

Jan Spegelaere

Director · since 05 mai 2017 · until 05 mai 2023

Ended

Jan SPEGELAERE

Director · since 05 mai 2017 · until 30 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
ARSU● Active	0452.991.681
BTW Eenheid Spegelaere● Active	0800.438.852

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	31/08/2026	30/08/2025	31/07/2024	30/06/2023	22/09/2022	28/10/2021
General meeting	28/08/2026	30/08/2025	29/07/2024	30/06/2023	31/08/2022	30/06/2021
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
Full model	31/12/2025	28/08/2026	31/08/2026	Dutch	PDF
Full model	31/12/2024	30/08/2025	30/08/2025	Dutch	PDF
Full model	31/12/2023	29/07/2024	31/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	30/06/2023	Dutch	PDF
Full model	31/12/2021	31/08/2022	22/09/2022	Dutch	PDF
Full modelCorrection	31/12/2020	30/06/2021	28/10/2021	Dutch	PDF
Full model	31/12/2020	30/06/2021	10/08/2021	Dutch	PDF
Full model	31/12/2019	04/09/2020	16/09/2020	Dutch	PDF
Full model	31/12/2018	30/06/2019	29/07/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	31/08/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	28/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	25/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	08/07/2015	Dutch	PDF
Full model	31/12/2013	02/05/2014	06/08/2014	Dutch	PDF
Full model	31/12/2012	03/05/2013	29/08/2013	Dutch	PDF
Full model	31/12/2011	26/06/2012	29/06/2012	Dutch	PDF
Full model	31/12/2010	30/05/2011	09/06/2011	Dutch	PDF
Full model	31/12/2009	30/05/2010	18/06/2010	Dutch	PDF
Full model	31/12/2008	30/05/2009	01/06/2009	Dutch	PDF
Full model	31/12/2007	30/05/2008	24/06/2008	Dutch	PDF
Full model	31/12/2006	30/05/2007	26/06/2007	Dutch	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 · 3 active · 31 ended

Active mandates

Jan SPEGELAERE

Managing director · since 05 mai 2017 · until 04 mai 2029

Active

Kristof Spegelaere

Managing director · since 05 mai 2017 · until 04 mai 2029

Active

Stefaan SPEGELAERE

Managing director · since 05 mai 2017 · until 04 mai 2029

Active

Ended mandates

ARSU

Managing director · since 05 mai 2017 · until 22 novembre 2019 · 0452.991.681

Represented by Spegelaere Stefaan

Ended

ARSU

Managing director · since 05 mai 2017 · until 05 mai 2023 · 0452.991.681

Represented by Stefaan Spegelaere

Ended

Jan Spegelaere

Director · since 05 mai 2017 · until 05 mai 2023

Ended

Jan SPEGELAERE

Director · since 05 mai 2017 · until 30 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/03/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2015
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 2025-731,1 k €↓
2024
Annual accounts 2024-343,5 k €↓
2023
Annual accounts 20237,8 M €↑
2022
Annual accounts 2022257,4 k €↑
2021
Annual accounts 2021209,1 k €↑
2017
Annual accounts 2017-216,4 k €↓
2016
Annual accounts 2016197,3 k €↓
2015
Annual accounts 2015207,4 k €↓
2014
Annual accounts 2014450,6 k €↑
2013
Annual accounts 2013-714,7 k €↓
2012
Annual accounts 2012-495,4 k €↓
2011
Annual accounts 201131,6 k €↓
2010
Annual accounts 201075,4 k €↑
2009
Annual accounts 200971,2 k €↓
2008
Annual accounts 200891 k €↓
2007
Annual accounts 2007113,7 k €↑
2006
Annual accounts 200678,2 k €
28/06/1994
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

FRESH SPEGELAERE

Overview

What does FRESH SPEGELAERE do?

Trend over 17 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