ACTIVE

SPECTRUM

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Financial year 2025 · closed on 31/12/2025

Net result

58,6 k €

-58.0% YoY

Gross margin

564,3 k €

-10.2% YoY

Equity

488,4 k €

+13.6% YoY

Workforce

7,0 ETP

+1.4% YoY

What does SPECTRUM do?

SPECTRUM is a Private limited company incorporated in 2000. Its main activity is: Gambling and betting activities. Its registered office is in Grimbergen. It employs on average 7,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.495.305

Incorporation

12/12/2000

Legal form

Private limited company

Registered office

Romeinsesteenweg 592
1853 Grimbergen · FlandreSee on map

Contributed capital

200 600,00 €

Latest accounts

31/12/2025

Average workforce

7,0 ETP

Activities (NACE)

92000Gambling and betting activities· main 92000Gambling and betting activities 92722Gambling and betting activities 93292Other amusement and recreation activities 93293Other amusement and recreation activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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
Gross margin	564,3 k €	-10.2%	628,4 k €	+47.9%	424,9 k €	+9.5%	387,9 k €	+23.6%	314 k €	+14.7%	273,7 k €	-31.1%	397,3 k €	-1.2%	402,1 k €	+13.3%	354,8 k €	-22.5%	457,5 k €	-23.9%	601,2 k €	+39.7%	430,2 k €	+35.4%	317,6 k €	-27.6%	439 k €	-21.3%	557,9 k €	+10.7%	504,2 k €	+4.8%	481,2 k €	+26.5%	380,4 k €	+6.7%	356,5 k €	-24.8%	474,3 k €
EBITDA	173,7 k €	-27.7%	240,1 k €	+341%	54,5 k €	-48.7%	106,1 k €	-25.5%	142,5 k €	+10.6%	128,9 k €	+2.5%	125,7 k €	+15.3%	109 k €	+21.1%	90 k €	-51.5%	185,5 k €	-45.5%	340,7 k €	+91.0%	178,4 k €	+256%	50,1 k €	-70.2%	168,1 k €	-44.1%	300,6 k €	+15.6%	259,9 k €	+31.1%	198,3 k €	+62.6%	121,9 k €	+22.9%	99,2 k €	-12.9%	113,9 k €
Operating result	126,5 k €	-34.4%	192,7 k €	+1222%	14,6 k €	-83.1%	86,2 k €	-33.1%	128,9 k €	+16.5%	110,6 k €	+8.3%	102,2 k €	+32.8%	76,9 k €	+42.5%	54 k €	-42.5%	93,8 k €	-62.1%	247,5 k €	+391%	50,4 k €	+149%	-103,2 k €	-197%	106 k €	-52.9%	224,9 k €	+41.5%	158,9 k €	+129%	69,3 k €	+114%	32,4 k €	+274%	8,7 k €	-44.3%	15,6 k €
Net result	58,6 k €	-58.0%	139,5 k €	+1703%	7,7 k €	-87.4%	61,6 k €	-37.6%	98,9 k €	+14.4%	86,4 k €	+28.0%	67,5 k €	+29.6%	52,1 k €	+52.6%	34,2 k €	-45.4%	62,5 k €	-65.0%	178,8 k €	+235%	53,3 k €	+157%	-94 k €	-227%	73,9 k €	-52.2%	154,5 k €	+34.4%	115 k €	+52.6%	75,3 k €	+135%	32 k €	+1177%	2,5 k €	-71.0%	8,7 k €
Balance sheet
Equity	488,4 k €	+13.6%	429,7 k €	+48.1%	290,2 k €	+2.7%	282,5 k €	-47.2%	534,9 k €	+22.7%	436 k €	+24.7%	349,6 k €	+23.9%	282,1 k €	-69.0%	910 k €	+3.9%	875,8 k €	+7.7%	813,3 k €	+28.2%	634,5 k €	+9.2%	581,2 k €	-13.9%	675,1 k €	+12.3%	601,2 k €	+34.6%	446,7 k €	+34.7%	331,7 k €	+29.4%	256,3 k €	+506%	42,3 k €	+6.3%	39,8 k €
Total assets	613,7 k €	+23.1%	498,7 k €	+22.2%	408,1 k €	-18.1%	498,1 k €	-13.7%	577,1 k €	+25.0%	461,6 k €	+14.6%	402,7 k €	+23.3%	326,7 k €	-66.0%	961 k €	+3.8%	926,1 k €	+5.5%	878,2 k €	+32.9%	660,6 k €	+8.2%	610,3 k €	-30.3%	875,8 k €	+18.9%	736,5 k €	+38.1%	533,1 k €	+37.0%	389,1 k €	+4.4%	372,6 k €	-48.9%	729 k €	-9.4%	804,6 k €
Cash	248 k €	+37.4%	180,5 k €	+23.3%	146,4 k €	-45.3%	267,7 k €	+112%	126,5 k €	+34.7%	93,9 k €	-43.8%	167,1 k €	+157%	65 k €	-51.6%	134,2 k €	+80.8%	74,2 k €	-14.0%	86,3 k €	-62.3%	228,6 k €	+109%	109,6 k €	-33.0%	163,5 k €	-18.0%	199,4 k €	-32.9%	297 k €	+393%	60,2 k €	+57.7%	38,2 k €	-72.8%	140,4 k €	+24.4%	112,9 k €
Debts	121 k €	+87.2%	64,6 k €	-42.6%	112,6 k €	-46.2%	209,2 k €	+463%	37,2 k €	+52.5%	24,4 k €	-53.1%	51,9 k €	+20.3%	43,1 k €	-15.3%	51 k €	+1.4%	50,3 k €	-22.5%	64,9 k €	+148%	26,1 k €	-10.5%	29,2 k €	-85.4%	199,9 k €	+47.7%	135,3 k €	+56.5%	86,5 k €	+50.5%	57,4 k €	+130%	25 k €	-96.4%	686,7 k €	-10.2%	764,7 k €
Other
Workforce	7,0 ETP	+1.4%	6,9 ETP	+1.5%	6,8 ETP	+11.5%	6,1 ETP	+27.1%	4,8 ETP	+20.0%	4,0 ETP	-47.4%	7,6 ETP	+65.2%	4,6 ETP	+7.0%	4,3 ETP	-4.4%	4,5 ETP	-8.2%	4,9 ETP	+25.6%	3,9 ETP	+5.4%	3,7 ETP	-14.0%	4,3 ETP	-2.3%	4,4 ETP	+10.0%	4,0 ETP	-14.9%	4,7 ETP	-2.1%	4,8 ETP	-5.9%	5,1 ETP	-8.9%	5,6 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 · 15 ended

Active mandates

Ali Amerian

Director · since 31 juillet 2022

Active

Ended mandates

Thibaut ALAIME

Manager · since 01 mars 2017

Ended

Aurore DEBAERE

Director · since 31 mars 2012

Ended

Aurore DEBAERE

Manager · since 31 mars 2012

Ended

SGS INVEST

Manager · since 31 mars 2012 · 0888.979.759

Represented by vert. door A. DEBAERE LKF BVBA,

Ended

At this address

Other companies at this address

Company	CBE no.
ANTWERP GAMING CLUB● Active	0462.255.082
S & S● Active	0461.221.538

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	31/07/2026	28/07/2025	11/07/2024	26/07/2023	31/10/2022	13/09/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	30/06/2023	05/10/2022	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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	31/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	28/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	11/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	26/07/2023	Dutch	PDF
Abridged model	31/12/2021	05/10/2022	31/10/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	13/09/2021	Dutch	PDF
Abridged model	31/12/2019	01/06/2020	14/08/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	05/06/2017	08/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	01/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	10/08/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	19/08/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	20/08/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	20/08/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	22/07/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	23/08/2007	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 · 15 ended

Active mandates

Ali Amerian

Director · since 31 juillet 2022

Active

Ended mandates

Thibaut ALAIME

Manager · since 01 mars 2017

Ended

Aurore DEBAERE

Director · since 31 mars 2012

Ended

Aurore DEBAERE

Manager · since 31 mars 2012

Ended

SGS INVEST

Manager · since 31 mars 2012 · 0888.979.759

Represented by vert. door A. DEBAERE LKF BVBA,

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other22/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL
PDF
Mandates05/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/03/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/02/2015
ONTSLAGEN - BENOEMINGEN
PDF
Registered office01/12/2014
MAATSCHAPPELIJKE ZETEL
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 202558,6 k €↓
2024
Annual accounts 2024139,5 k €↑
2023
Annual accounts 20237,7 k €↓
2022
Annual accounts 202261,6 k €↓
2021
Annual accounts 202198,9 k €↑
2020
Annual accounts 202086,4 k €↑
2019
Annual accounts 201967,5 k €↑
2018
Annual accounts 201852,1 k €↑
2017
Annual accounts 201734,2 k €↓
2016
Annual accounts 201662,5 k €↓
2015
Annual accounts 2015178,8 k €↑
2014
Annual accounts 201453,3 k €↑
2013
Annual accounts 2013-94 k €↓
2012
Annual accounts 201273,9 k €↓
2011
Annual accounts 2011154,5 k €↑
2010
Annual accounts 2010115 k €↑
2009
Annual accounts 200975,3 k €↑
2008
Annual accounts 200832 k €↑
2007
Annual accounts 20072,5 k €↓
2006
Annual accounts 20068,7 k €
12/12/2000
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

SPECTRUM

Overview

What does SPECTRUM 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