ACTIVE

EUROPEAN SPICE SERVICES

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Financial year 2025 · Closed on 30/06/2025

Net result1,6 M €-15,4 %over 1 year
Revenue41,2 M €+28,1 %over 1 year
Equity6,6 M €+17,0 %over 1 year
Workforce14,8 ETP+15,6 %over 1 year

Identity

Source · BCE/KBO

EUROPEAN SPICE SERVICES is a Public limited company incorporated in 1999. Its main activity is: Wholesale of coffee, tea, cocoa and spices. Its registered office is in Temse. It employs on average 14,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0466.685.905
Incorporation
13/08/1999
Legal form
Public limited company
Registered office
Kleine Dweersstraat 75
9140 Temse · FlandreSee on map
Contributed capital
1 468 592,00 €
Latest accounts
30/06/2025
Average workforce
14,8 ETP
Joint committees (3)
  • 119
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 23 filings

Trend over 17 financial years

20252024202320222021
Income statement
Revenue41,2 M €32,1 M €26,7 M €24,4 M €30,9 M €
EBITDA2,4 M €1,7 M €2 M €962,6 k €-860,5 k €
Operating result2,3 M €1,6 M €1,9 M €887 k €-953,4 k €
Net result1,6 M €1,9 M €1,7 M €780,8 k €-1,3 M €
Balance sheet
Equity6,6 M €5,7 M €4,4 M €3,2 M €2,5 M €
Total assets14,4 M €11,2 M €9,9 M €11,8 M €10,4 M €
Cash3,5 M €1,9 M €1,2 M €844,5 k €716,3 k €
Debts7,5 M €5,5 M €5,5 M €8,6 M €7,9 M €
Other
Workforce14,8 ETP12,8 ETP8,8 ETP7,2 ETP8,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 24 ended

Active mandates

No-4-man

Managing director · until 28 décembre 2027 · 0665.641.219

Represented by Raf Nonneman

Active
Sabine De Witte

Director · until 28 décembre 2027

Active

Ended mandates

Sabine DE WITTE

Director · since 26 octobre 2020 · until 28 décembre 2027

Ended
No-4-man

Managing director · since 14 novembre 2016 · until 07 mars 2022 · 0665.641.219

Represented by Raf Nonneman

Ended
ILLHAN GUREL

Director · since 29 avril 2016 · until 07 mars 2022

Ended
KAZIM GUREL

Director · since 29 avril 2016 · until 07 mars 2022

Ended

Other companies at this address

Kleine Dweersstraat 75 9140 Temse
CompanyCBE no.
Association Belge Des Epices● Active
0449.306.077

Full financial information

Source · NBB
202520242023202220212019
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/10/201901/10/2018
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/09/2019
Length of the financial year12 months12 months12 months12 months21 months12 months
Filing date09/01/202631/03/202520/12/202427/06/202328/01/202202/06/2020
General meeting28/12/202528/03/202520/12/202426/06/202310/12/202130/05/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 23 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model30/06/202528/12/202509/01/2026DutchPDF
Full model30/06/202428/03/202531/03/2025DutchPDF
Full modelCorrection30/06/202320/12/202420/12/2024DutchPDF
Full model30/06/202326/01/202422/02/2024DutchPDF
Full modelCorrection30/06/202226/06/202327/06/2023DutchPDF
Full model30/06/202215/02/202302/03/2023DutchPDF
Full model30/06/202110/12/202128/01/2022DutchPDF
Full model30/09/201930/05/202002/06/2020DutchPDF
Full model30/09/201820/03/201915/04/2019DutchPDF
Full model30/09/201730/09/201802/10/2018DutchPDF
Full modelCorrection30/09/201629/06/201726/09/2017DutchPDF
Full model30/09/201631/05/201731/05/2017DutchPDF
Full model30/09/201529/04/201627/06/2016DutchPDF
Full model30/09/201424/09/201530/09/2015DutchPDF
Full modelCorrection30/09/201318/03/201405/03/2015DutchPDF
Full model30/09/201318/03/201423/05/2014DutchPDF
Full model30/09/201218/03/201326/04/2013DutchPDF
Full model30/09/201105/03/201230/03/2012DutchPDF
Full model30/09/201007/03/201111/03/2011DutchPDF
Full model30/09/200928/04/201028/05/2010DutchPDF
Full modelCorrection30/09/200824/04/200931/05/2010DutchPDF
Full model30/09/200824/04/200930/05/2009DutchPDF
Full model31/12/200604/06/200729/06/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 30/06/2025

2 active · 24 ended

Active mandates

No-4-man

Managing director · until 28 décembre 2027 · 0665.641.219

Represented by Raf Nonneman

Active
Sabine De Witte

Director · until 28 décembre 2027

Active

Ended mandates

Sabine DE WITTE

Director · since 26 octobre 2020 · until 28 décembre 2027

Ended
No-4-man

Managing director · since 14 novembre 2016 · until 07 mars 2022 · 0665.641.219

Represented by Raf Nonneman

Ended
ILLHAN GUREL

Director · since 29 avril 2016 · until 07 mars 2022

Ended
KAZIM GUREL

Director · since 29 avril 2016 · until 07 mars 2022

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates02/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/06/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/12/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other06/10/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Capital / shares03/03/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates18/04/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/03/2017
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20251,6 M €↓
  2. 2024
    Annual accounts 20241,9 M €↑
  3. 2023
    Annual accounts 20231,7 M €↑
  4. 2022
    Annual accounts 2022780,8 k €↑
  5. 2021
    Annual accounts 2021-1,3 M €↓
  6. 2019
    Annual accounts 20191,5 k €↓
  7. 2018
    Annual accounts 2018260,5 k €↓
  8. 2017
    Annual accounts 2017701,9 k €↑
  9. 2016
    Annual accounts 2016104,7 k €↑
  10. 2015
    Annual accounts 201560,7 k €↑
  11. 2014
    Annual accounts 201451,2 k €↑
  12. 2013
    Annual accounts 20132,6 k €↓
  13. 2012
    Annual accounts 201216,7 k €↓
  14. 2011
    Annual accounts 2011420,3 k €↑
  15. 2010
    Annual accounts 2010392 k €↑
  16. 2009
    Annual accounts 200925,4 k €↓
  17. 2008
    Annual accounts 2008264,3 k €
  18. 13/08/1999
    IncorporationPublic limited company