ACTIVE

SPITS

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Financial year 2025 · closed on 31/12/2025

Net result

75,6 k €

-83.7% YoY

Revenue

2,8 M €

+3.2% YoY

Equity

963 k €

+8.5% YoY

Workforce

9,6 ETP

+6.7% YoY

What does SPITS do?

SPITS is a Private limited company incorporated in 1996. Its main activity is: Growing of rice. Its registered office is in Sint-Katelijne-Waver. It employs on average 9,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.425.157

Incorporation

11/12/1996

Legal form

Private limited company

Registered office

Leliestraat 37
2860 Sint-Katelijne-Waver · FlandreSee on map

Contributed capital

19 000,00 €

Latest accounts

31/12/2025

Average workforce

9,6 ETP

Activities (NACE)

01121Growing of rice· main 01130Growing of vegetables and melons, roots and tubers 01130Growing of vegetables and melons, roots and tubers 01430Raising of horses and other equines 01430Raising of horses and other equines

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	2,8 M €	+3.2%	2,7 M €	-9.8%	3 M €	-29.5%	4,3 M €	+180%	1,5 M €	-27.8%	2,1 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		278,2 k €
EBITDA	514,8 k €	-43.0%	903,2 k €	+166%	340 k €	-48.8%	664,2 k €	+343%	149,8 k €	+70.4%	87,9 k €	-70.2%	295,3 k €	-34.1%	448,1 k €	+35.4%	330,9 k €	+53.7%	215,3 k €	+489%	36,6 k €	-77.8%	164,8 k €	+61.4%	102,1 k €	+116%	-648,6 k €	-2015%	33,9 k €	-45.3%	61,9 k €	+339%	14,1 k €	-80.1%	70,8 k €	+312%	17,2 k €	-57.9%	40,8 k €
Operating result	172 k €	-73.3%	643,3 k €	+1064%	55,3 k €	-87.2%	432,6 k €	+514%	-104,6 k €	+22.3%	-134,5 k €	-310%	64 k €	-66.8%	192,7 k €	+26.5%	152,4 k €	+165%	57,5 k €	+159%	-97,9 k €	-366%	-21 k €	+75.1%	-84,3 k €	+89.9%	-832,1 k €	-861%	-86,6 k €	-10294%	-833,4 €	+98.2%	-45,1 k €	-274%	25,9 k €	+1407%	1,7 k €	-91.2%	19,6 k €
Net result	75,6 k €	-83.7%	462,8 k €	+3604%	12,5 k €	-96.5%	357,8 k €	+307%	-172,5 k €	+22.5%	-222,5 k €	-367%	-47,6 k €	-151%	93,1 k €	+8.8%	85,5 k €	+635%	11,6 k €	-30.4%	16,7 k €	+272%	-9,7 k €	-131%	30,8 k €	-43.2%	54,3 k €	+725%	6,6 k €	-90.3%	68,1 k €	+1894%	-3,8 k €	-119%	20,4 k €	+854%	2,1 k €	+22.0%	1,8 k €
Balance sheet
Equity	963 k €	+8.5%	887,4 k €	+109%	424,6 k €	+3.0%	412,1 k €	+659%	54,3 k €	-76.1%	226,7 k €	-49.5%	449,2 k €	-9.6%	496,8 k €	+23.1%	403,8 k €	+26.9%	318,2 k €	+8.9%	292,2 k €	+15.4%	253,2 k €	-3.7%	262,9 k €	+19.9%	219,2 k €	+32.9%	164,9 k €	+4.2%	158,3 k €	+75.5%	90,2 k €	-4.0%	94 k €	+27.8%	73,6 k €	+3.0%	71,4 k €
Total assets	5 M €	-2.8%	5,2 M €	+5.7%	4,9 M €	-0.3%	4,9 M €	-5.6%	5,2 M €	+2.9%	5,1 M €	+18.6%	4,3 M €	+12.1%	3,8 M €	+11.2%	3,4 M €	+59.7%	2,2 M €	+32.7%	1,6 M €	+3.7%	1,6 M €	+6.2%	1,5 M €	-5.0%	1,6 M €	+57.4%	985,3 k €	+38.3%	712,7 k €	+12.3%	634,5 k €	+75.7%	361,2 k €	+64.8%	219,2 k €	+49.0%	147,1 k €
Cash	2,9 k €	-59.9%	7,3 k €	-94.6%	135,3 k €	+1708%	7,5 k €	+83765%	8,9 €	-94.6%	164,1 €	-94.0%	2,7 k €	-66.3%	8,1 k €	+539%	1,3 k €	-63.9%	3,5 k €	-20.9%	4,4 k €	-61.0%	11,4 k €	+75.0%	6,5 k €	-82.2%	36,5 k €	+6336%	566,7 €	-94.9%	11 k €	+534%	1,7 k €	-94.5%	31,9 k €	-59.4%	78,6 k €	+249%	22,5 k €
Debts	3,8 M €	-6.6%	4,1 M €	-6.3%	4,4 M €	-2.0%	4,5 M €	-9.1%	4,9 M €	+5.5%	4,6 M €	+23.9%	3,7 M €	+13.1%	3,3 M €	+9.8%	3 M €	+73.1%	1,7 M €	+38.2%	1,3 M €	+1.7%	1,2 M €	+6.5%	1,2 M €	+1.7%	1,1 M €	+52.0%	752,3 k €	+46.6%	513 k €	-3.0%	528,7 k €	+102%	261,3 k €	+90.6%	137,1 k €	+82.9%	74,9 k €
Other
Workforce	9,6 ETP	+6.7%	9,0 ETP	+28.6%	7,0 ETP	+66.7%	4,2 ETP	-36.4%	6,6 ETP	+61.0%	4,1 ETP	-39.7%	6,8 ETP	+6.2%	6,4 ETP		–		2,7 ETP	-15.6%	3,2 ETP	-8.6%	3,5 ETP	0.0%	3,5 ETP	-10.3%	3,9 ETP	-4.9%	4,1 ETP	-6.8%	4,4 ETP	+18.9%	3,7 ETP	+147%	1,5 ETP	0.0%	1,5 ETP	+7.1%	1,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Patrik Spits

Mandate

Active

Ended mandates

Patrik Spits

Manager

Ended

Spits Patrik

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
Belgian Horse Trading● Active	0727.789.416
Groentenjumping● Active	0862.964.161

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	10/08/2026	15/08/2025	17/09/2024	17/10/2023	10/11/2022	01/09/2021
General meeting	24/06/2026	25/06/2025	26/06/2024	27/06/2023	28/06/2022	29/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	24/06/2026	10/08/2026	Dutch	PDF
Abridged model	31/12/2024	25/06/2025	15/08/2025	Dutch	PDF
Abridged model	31/12/2023	26/06/2024	17/09/2024	Dutch	PDF
Abridged model	31/12/2022	27/06/2023	17/10/2023	Dutch	PDF
Abridged model	31/12/2021	28/06/2022	10/11/2022	Dutch	PDF
Abridged model	31/12/2020	29/06/2021	01/09/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	25/09/2020	Dutch	PDF
Abridged model	31/12/2018	24/06/2019	10/09/2019	Dutch	PDF
Abridged model	31/12/2017	22/07/2018	16/11/2018	Dutch	PDF
Abridged model	31/12/2016	05/07/2017	29/09/2017	Dutch	PDF
Abridged model	31/12/2015	16/07/2016	07/10/2016	Dutch	PDF
Abridged model	31/12/2014	28/07/2015	12/11/2015	Dutch	PDF
Abridged model	31/12/2013	26/06/2014	23/10/2014	Dutch	PDF
Abridged model	31/12/2012	25/06/2013	22/08/2013	Dutch	PDF
Abridged model	31/12/2011	27/06/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	28/06/2011	05/09/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	01/09/2010	Dutch	PDF
Abridged model	31/12/2008	10/06/2009	10/09/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	13/08/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Patrik Spits

Mandate

Active

Ended mandates

Patrik Spits

Manager

Ended

Spits Patrik

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
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 202575,6 k €↓
2024
Annual accounts 2024462,8 k €↑
2023
Annual accounts 202312,5 k €↓
2022
Annual accounts 2022357,8 k €↑
2021
Annual accounts 2021-172,5 k €↑
2020
Annual accounts 2020-222,5 k €↓
2019
Annual accounts 2019-47,6 k €↓
2018
Annual accounts 201893,1 k €↑
2017
Annual accounts 201785,5 k €↑
2016
Annual accounts 201611,6 k €↓
2015
Annual accounts 201516,7 k €↑
2014
Annual accounts 2014-9,7 k €↓
2013
Annual accounts 201330,8 k €↓
2012
Annual accounts 201254,3 k €↑
2011
Annual accounts 20116,6 k €↓
2010
Annual accounts 201068,1 k €↑
2009
Annual accounts 2009-3,8 k €↓
2008
Annual accounts 200820,4 k €↑
2007
Annual accounts 20072,1 k €↑
2006
Annual accounts 20061,8 k €
11/12/1996
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

SPITS

Overview

What does SPITS do?

Trend over 20 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