ACTIVE

SPI Global Play Retail

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Financial year 2025 · Closed on 31/12/2025

Net result127,4 k €+362,7 %over 1 year

Gross margin680,4 k €+49,2 %over 1 year

Equity-135,8 k €+48,4 %over 1 year

Workforce8,3 ETP+20,3 %over 1 year

Identity

Source · BCE/KBO

SPI Global Play Retail is a Public limited company incorporated in 2001. Its main activity is: Manufacture of games and toys. Its registered office is in Herstal. It employs on average 8,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0474.388.396
Incorporation: 23/03/2001
Legal form: Public limited company
Registered office: Parc Ind. des Hauts Sarts, 1e av 66
4040 Herstal · Wallonie
Contributed capital: 73 600,00 €
Latest accounts: 31/12/2025
Average workforce: 8,3 ETP

Activities (NACE)

32400Manufacture of games and toys· main 32400Manufacture of games and toys 46496Wholesale of other household goods 46496Wholesale of other household goods

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	680,4 k €	+49.2%	456,1 k €	+27.4%	357,9 k €	+64.6%	217,4 k €	-29.4%	308,1 k €
EBITDA	192,7 k €	+181%	68,5 k €	+39.6%	49,1 k €	+116%	-316,4 k €	-478%	83,8 k €
Operating result	148,5 k €	+156%	58,1 k €	+8.6%	53,4 k €	+115%	-348,7 k €	-1775%	20,8 k €
Net result	127,4 k €	+363%	27,5 k €	+72.5%	16 k €	+104%	-360,3 k €	-7503%	4,9 k €
Balance sheet
Equity	-135,8 k €	+48.4%	-263,2 k €	+9.5%	-290,7 k €	+5.2%	-306,6 k €	-672%	53,6 k €
Total assets	1,4 M €	-2.9%	1,5 M €	+13.3%	1,3 M €	-1.2%	1,3 M €	+14.2%	1,1 M €
Cash	270 k €	+166%	101,4 k €	-33.5%	152,5 k €		–		89,2 k €
Debts	1,4 M €	-12.2%	1,6 M €	+33.3%	1,2 M €	-3.9%	1,3 M €	+50.1%	843,3 k €
Other
Workforce	8,3 ETP	+20.3%	6,9 ETP	-1.4%	7,0 ETP	-1.4%	7,1 ETP	-15.5%	8,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 9 ended

Active mandates

Jan-Mikael WETTERGREN

Director

Active

Juergen ETTINGER

Managing director

Active

Mark BERKOUWER

Director

Active

Ended mandates

Thierry Balbourg

Managing director · since 29 mai 2011 · until 28 mai 2017

Ended

Arnaldo Morcela Ferro

Director · since 27 mai 2011 · until 28 mai 2017

Ended

Arnaldo Morcela Ferro

Director · since 19 avril 2006 · until 27 mai 2011

Ended

Thierry Balbourg

Managing director · since 19 avril 2006 · until 28 mai 2011

Ended

Other companies at this address

Parc Ind. des Hauts Sarts, 1e av 66 4040 Herstal

Company	CBE no.
BPW BENELUX● Active	0893.328.131

Full financial information

Source · NBB

	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	23/08/2026	04/07/2025	06/06/2024	25/08/2023	19/05/2022	23/08/2021
General meeting	29/05/2026	30/05/2025	17/05/2024	19/05/2023	14/05/2022	15/05/2021
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
Abridged model	31/12/2025	29/05/2026	23/08/2026	French	PDF
Abridged model	31/12/2024	30/05/2025	04/07/2025	French	PDF
Abridged model	31/12/2023	17/05/2024	06/06/2024	French	PDF
Abridged model	31/12/2022	19/05/2023	25/08/2023	French	PDF
Abridged model	31/12/2021	14/05/2022	19/05/2022	French	PDF
Abridged model	31/12/2020	15/05/2021	23/08/2021	French	PDF
Abridged model	31/12/2019	22/05/2020	27/07/2020	French	PDF
Abridged model	31/12/2018	24/05/2019	06/08/2019	French	PDF
Abridged model	31/12/2017	25/05/2018	27/08/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	24/08/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	27/08/2014	French	PDF
Abridged model	31/12/2012	23/08/2013	28/08/2013	French	PDF
Abridged model	31/12/2011	03/08/2012	27/08/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	27/08/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	24/07/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	24/07/2008	French	PDF
Abridged model	31/12/2006	22/06/2007	30/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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

3 active · 9 ended

Active mandates

Jan-Mikael WETTERGREN

Director

Active

Juergen ETTINGER

Managing director

Active

Mark BERKOUWER

Director

Active

Ended mandates

Thierry Balbourg

Managing director · since 29 mai 2011 · until 28 mai 2017

Ended

Arnaldo Morcela Ferro

Director · since 27 mai 2011 · until 28 mai 2017

Ended

Arnaldo Morcela Ferro

Director · since 19 avril 2006 · until 27 mai 2011

Ended

Thierry Balbourg

Managing director · since 19 avril 2006 · until 28 mai 2011

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates30/07/2024
DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE
PDF
Mandates07/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates30/01/2020
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates07/01/2020
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates06/12/2018
DENOMINATION
PDF
Mandates18/05/2018
DEMISSIONS, NOMINATIONS
PDF
Registered office01/07/2015
SIEGE SOCIAL
PDF
Mandates17/02/2014
SIEGE SOCIAL - 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 2025127,4 k €↑
2024
Annual accounts 202427,5 k €↑
2023
Annual accounts 202316 k €↑
2022
Annual accounts 2022-360,3 k €↓
2021
Annual accounts 20214,9 k €↑
2020
Annual accounts 2020200,7 €↓
2019
Annual accounts 20192,5 k €↑
2018
Annual accounts 2018-35,2 k €↓
2018
Name changeSPI GLOBAL PLAY RETAIL
2017
Annual accounts 201766,1 k €↑
2016
Annual accounts 201628,1 k €↑
2015
Annual accounts 2015-47 k €↓
2014
Annual accounts 201419,4 k €↓
2013
Annual accounts 201325,8 k €↑
2012
Annual accounts 2012-33,7 k €↑
2011
Annual accounts 2011-62 k €↓
2010
Annual accounts 2010-7,3 k €↓
2009
Annual accounts 20099 k €↑
2008
Annual accounts 20081,7 k €↓
2007
Annual accounts 200734,3 k €↑
2006
Annual accounts 2006-29,2 k €
2006
Name changeSPORT BASE
23/03/2001
IncorporationPublic limited company

SPI Global Play Retail

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