ACTIVE

SPIRIT INVEST et SERVICES

Financial year 2025 · Closed on 31/12/2025

Net result35,9 k €-44,0 %over 1 year

Gross margin174,6 k €-8,8 %over 1 year

Equity755,7 k €+5,0 %over 1 year

Identity

Source · BCE/KBO

SPIRIT INVEST et SERVICES is a Public limited company incorporated in 1996. Its main activity is: Computer consultancy activities. Its registered office is in Ixelles.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0459.397.047
Incorporation: 09/12/1996
Legal form: Public limited company
Registered office: Avenue de la Couronne 532
1050 Ixelles · BruxellesSee on map
Contributed capital: 61 973,38 €
Latest accounts: 31/12/2025

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering 68310Real estate agencies 68311Real estate agencies 70311Activities of head offices; management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	174,6 k €	-8.8%	191,4 k €	+16.5%	164,4 k €	+21.5%	135,3 k €	+29.1%	104,8 k €
EBITDA	141,4 k €	-10.1%	157,3 k €	+29.6%	121,4 k €	+16.9%	103,9 k €	+19.3%	87 k €
Operating result	86,3 k €	-17.2%	104,2 k €	+54.3%	67,5 k €	+31.9%	51,2 k €	+21.9%	42 k €
Net result	35,9 k €	-44.0%	64,1 k €	+58.6%	40,4 k €	+27.8%	31,6 k €	-86.0%	225,8 k €
Balance sheet
Equity	755,7 k €	+5.0%	719,9 k €	+9.8%	655,8 k €	+6.6%	615,4 k €	+5.4%	583,8 k €
Total assets	1,7 M €	+51.7%	1,1 M €	+1.8%	1,1 M €	-4.6%	1,1 M €	-8.2%	1,2 M €
Cash	72,7 k €	+11.9%	65 k €	+421%	12,5 k €	-69.1%	40,3 k €	-70.2%	135,5 k €
Debts	875,3 k €	+138%	367,1 k €	-10.9%	412 k €	-19.1%	509,4 k €	-20.7%	642,3 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 8 ended

Active mandates

BRUNO ORBAN DE XIVRY

Managing director · since 19 mai 2020 · until 20 mai 2026

Active

NATHALIE VAN DER GHINST

Director · since 19 mai 2020 · until 20 mai 2026

Active

Ended mandates

BRUNO ORBAN DE XIVRY

Managing director · since 20 mai 2014 · until 19 mai 2020

Ended

NATHALIE VAN DER GHINST

Director · since 20 mai 2014 · until 19 mai 2020

Ended

Bruno ORBAN DE XIVRY

Managing director · since 26 février 2008 · until 25 février 2014

Ended

Bruno ORBAN DE XIVRY

Managing director · since 26 février 2008 · until 26 février 2014

Ended

Other companies at this address

Avenue de la Couronne 532 1050 Ixelles

Company	CBE no.
WHALE IMMO● Active	1018.879.585
WHALE INVEST● Active	0777.531.610

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	17/07/2026	21/05/2025	22/05/2024	13/06/2023	18/05/2022	19/05/2021
General meeting	30/06/2026	20/05/2025	21/05/2024	16/05/2023	17/05/2022	18/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	17/07/2026	French	PDF
Micro model	31/12/2024	20/05/2025	21/05/2025	French	PDF
Micro model	31/12/2023	21/05/2024	22/05/2024	French	PDF
Micro model	31/12/2022	16/05/2023	13/06/2023	French	PDF
Micro model	31/12/2021	17/05/2022	18/05/2022	French	PDF
Micro model	31/12/2020	18/05/2021	19/05/2021	French	PDF
Micro model	31/12/2019	19/05/2020	27/05/2020	French	PDF
Micro model	31/12/2018	13/02/2019	21/02/2019	French	PDF
Micro model	31/12/2017	15/05/2018	16/05/2018	French	PDF
Abridged model	31/12/2016	16/05/2017	18/05/2017	French	PDF
Abridged model	31/12/2015	17/05/2016	18/05/2016	French	PDF
Abridged model	31/12/2014	19/05/2015	19/05/2015	French	PDF
Abridged model	31/12/2013	20/05/2014	20/05/2014	French	PDF
Abridged model	31/12/2012	21/05/2013	23/05/2013	French	PDF
Abridged model	31/12/2011	15/05/2012	21/05/2012	French	PDF
Abridged model	31/12/2010	17/05/2011	25/05/2011	French	PDF
Abridged model	30/09/2009	23/02/2010	27/05/2010	French	PDF
Abridged model	30/09/2008	24/02/2009	30/06/2009	French	PDF
Abridged model	30/09/2007	26/02/2008	22/04/2008	French	PDF
Abridged model	30/09/2006	27/02/2007	23/03/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 8 ended

Active mandates

BRUNO ORBAN DE XIVRY

Managing director · since 19 mai 2020 · until 20 mai 2026

Active

NATHALIE VAN DER GHINST

Director · since 19 mai 2020 · until 20 mai 2026

Active

Ended mandates

BRUNO ORBAN DE XIVRY

Managing director · since 20 mai 2014 · until 19 mai 2020

Ended

NATHALIE VAN DER GHINST

Director · since 20 mai 2014 · until 19 mai 2020

Ended

Bruno ORBAN DE XIVRY

Managing director · since 26 février 2008 · until 25 février 2014

Ended

Bruno ORBAN DE XIVRY

Managing director · since 26 février 2008 · until 26 février 2014

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates20/08/2024
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates28/08/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates25/07/2014
DEMISSIONS, NOMINATIONS
PDF
Capital / shares20/01/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other11/10/2010
ANNEE COMPTABLE
PDF
Mandates23/05/2008
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 202535,9 k €↓
2024
Annual accounts 202464,1 k €↑
2023
Annual accounts 202340,4 k €↑
2022
Annual accounts 202231,6 k €↓
2021
Annual accounts 2021225,8 k €↑
2021
Name changeSPIRIT INVEST AND SERVICES
2020
Annual accounts 202091 k €↑
2019
Annual accounts 201988,9 k €↓
2018
Annual accounts 201892 k €↑
2017
Annual accounts 201737,5 k €↓
2016
Annual accounts 201672,6 k €↓
2015
Annual accounts 201594,5 k €↑
2014
Annual accounts 201453,8 k €↓
2013
Annual accounts 201357,8 k €↑
2012
Annual accounts 201211,5 k €↓
2011
Annual accounts 201195,4 k €↑
2010
Annual accounts 2010-11,3 k €↓
2009
Annual accounts 200950,7 k €↑
2008
Annual accounts 200822,4 k €↑
2007
Annual accounts 20071,8 k €
2007
Name changeSPIRIT INVEST et SERVICES
09/12/1996
IncorporationPublic limited company

SPIRIT INVEST et SERVICES

Overview

Identity

Financials

Valuation

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

Timeline