ACTIVE

SPENDEHOEVE

Export PDF

Financial year 2025 · closed on 30/09/2025

Net result

2,9 M €

+121.3% YoY

Gross margin

3,8 M €

+57.3% YoY

Equity

7,7 M €

+59.9% YoY

Workforce

2,9 ETP

What does SPENDEHOEVE do?

SPENDEHOEVE is a Private limited company incorporated in 2001. Its registered office is in Lokeren. It employs on average 2,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.003.546

Incorporation

02/11/2001

Legal form

Private limited company

Registered office

Spendestraat 2
9160 Lokeren · FlandreSee on map

Contributed capital

353 200,00 €

Latest accounts

30/09/2025

Average workforce

2,9 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	3,8 M €	+57.3%	2,4 M €	-21.7%	3,1 M €	+217%	972,1 k €	+203%	321,2 k €	-44.6%	579,8 k €	+7.3%	540,2 k €	-50.8%	1,1 M €	+110%	522,5 k €	+7.0%	488,4 k €	-39.0%	800,4 k €	+50.8%	530,9 k €	+20.0%	442,6 k €	-5.2%	466,7 k €	+0.6%	463,8 k €	-10.7%	519,7 k €	-14.4%	606,8 k €	+89.1%	320,9 k €	-6.9%	344,6 k €
EBITDA	3,7 M €	+63.3%	2,2 M €	-23.3%	2,9 M €	+256%	821,5 k €	+344%	184,9 k €	-66.2%	547,8 k €	+38.7%	394,8 k €	-39.8%	656,1 k €	+60.3%	409,3 k €	+1.8%	402 k €	-42.9%	703,5 k €	+78.4%	394,3 k €	+21.3%	325 k €	-6.2%	346,5 k €	-1.6%	352,1 k €	-21.7%	449,8 k €	-13.2%	518,3 k €	+106%	252,2 k €	-8.1%	274,3 k €
Operating result	3,4 M €	+75.7%	1,9 M €	-28.4%	2,7 M €	+329%	632,6 k €	+4845%	-13,3 k €	-104%	328,2 k €	+286%	85 k €	-74.9%	338,4 k €	+196%	114,1 k €	+42.8%	79,9 k €	-79.5%	389,6 k €	+170%	144,4 k €	+73.0%	83,4 k €	+30.4%	64 k €	+3.3%	61,9 k €	-60.6%	157,3 k €	-54.5%	345,8 k €	+188%	120,2 k €	-14.9%	141,2 k €
Net result	2,9 M €	+121%	1,3 M €	-28.6%	1,9 M €	+333%	429 k €	+1447%	-31,8 k €	-115%	213,9 k €	+395%	43,2 k €	-77.9%	195,3 k €	+206%	63,7 k €	+60.1%	39,8 k €	-85.2%	268,2 k €	+174%	97,7 k €	+27.5%	76,6 k €	+150%	30,7 k €	-19.5%	38,1 k €	-62.7%	102,3 k €	-53.5%	220,1 k €	+258%	61,5 k €	-13.3%	71 k €
Balance sheet
Equity	7,7 M €	+59.9%	4,8 M €	+34.3%	3,6 M €	+102%	1,8 M €	+31.7%	1,4 M €	-2.3%	1,4 M €	-17.3%	1,7 M €	+2.3%	1,6 M €	+13.5%	1,4 M €	+4.6%	1,4 M €	+3.0%	1,3 M €	+25.1%	1,1 M €	+4.1%	1 M €	+8.1%	951,7 k €	+3.3%	921 k €	+4.3%	882,9 k €	+104%	433,6 k €	+103%	213,5 k €	+40.5%	152 k €
Total assets	8,4 M €	+62.2%	5,2 M €	+19.6%	4,3 M €	+67.0%	2,6 M €	+19.4%	2,2 M €	-10.9%	2,4 M €	-21.4%	3,1 M €	-2.7%	3,2 M €	-4.3%	3,3 M €	+3.9%	3,2 M €	+10.0%	2,9 M €	+10.5%	2,6 M €	-8.4%	2,9 M €	+5.0%	2,7 M €	+33.4%	2 M €	+1.2%	2 M €	+93.0%	1 M €	+1.8%	1 M €	-15.8%	1,2 M €
Cash	1,8 M €	+96.4%	905,4 k €	-57.2%	2,1 M €	+323%	500,5 k €	+150%	200,2 k €	-57.4%	470,4 k €	-49.6%	933,5 k €	+56.9%	595,1 k €	+284%	154,8 k €	-37.8%	248,9 k €	+32.5%	187,8 k €	+382%	39 k €	-79.5%	189,9 k €	+31.8%	144,2 k €	-23.8%	189,2 k €	-17.8%	230,2 k €	+72.9%	133,2 k €	+39.1%	95,7 k €	-26.7%	130,6 k €
Debts	635,1 k €	+96.7%	323 k €	-54.8%	715 k €	-10.8%	801,5 k €	-1.1%	810,5 k €	-22.4%	1 M €	-9.4%	1,2 M €	-9.7%	1,3 M €	-32.1%	1,9 M €	+3.4%	1,8 M €	+16.0%	1,6 M €	+0.5%	1,6 M €	-15.3%	1,8 M €	+3.4%	1,8 M €	+60.0%	1,1 M €	-1.6%	1,1 M €	+88.6%	600 k €	-21.6%	765,1 k €	-28.3%	1,1 M €
Other
Workforce	2,9 ETP		–		3,2 ETP	0.0%	3,2 ETP	+6.7%	3,0 ETP	0.0%	3,0 ETP	-25.0%	4,0 ETP	-2.4%	4,1 ETP	+64.0%	2,5 ETP	+31.6%	1,9 ETP	-36.7%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	+50.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 6 ended

Active mandates

Christine Raes

Director

Active

GEERT LAUREYS

Director

Active

Ended mandates

Christine Raes

Manager · since 29 septembre 2010

Ended

Geert Laureys

Manager · since 01 juillet 2005

Ended

Christine Raes

Mandate

Ended

Christine Raes

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/03/2026	28/03/2025	05/03/2024	23/03/2023	28/04/2022	11/03/2021
General meeting	02/03/2026	03/03/2025	04/03/2024	07/01/2023	07/03/2022	01/03/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	02/03/2026	18/03/2026	Dutch	PDF
Micro model	30/09/2024	03/03/2025	28/03/2025	Dutch	PDF
Abridged model	30/09/2023	04/03/2024	05/03/2024	Dutch	PDF
Abridged model	30/09/2022	07/01/2023	23/03/2023	Dutch	PDF
Abridged model	30/09/2021	07/03/2022	28/04/2022	Dutch	PDF
Abridged model	30/09/2020	01/03/2021	11/03/2021	Dutch	PDF
Abridged model	30/09/2019	02/03/2020	07/04/2020	Dutch	PDF
Abridged model	30/09/2018	04/03/2019	29/03/2019	Dutch	PDF
Abridged model	30/09/2017	05/03/2018	26/04/2018	Dutch	PDF
Abridged model	30/09/2016	06/03/2017	13/03/2017	Dutch	PDF
Abridged model	30/09/2015	07/03/2016	17/03/2016	Dutch	PDF
Abridged model	30/09/2014	02/03/2015	19/03/2015	Dutch	PDF
Abridged model	30/09/2013	03/03/2014	05/03/2014	Dutch	PDF
Abridged model	30/09/2012	04/03/2013	08/03/2013	Dutch	PDF
Abridged model	30/09/2011	05/03/2012	08/03/2012	Dutch	PDF
Abridged model	30/09/2010	07/03/2011	09/03/2011	Dutch	PDF
Abridged model	30/09/2009	01/03/2010	25/01/2012	Dutch	PDF
Abridged model	30/09/2008	02/03/2009	27/03/2009	Dutch	PDF
Abridged model	30/09/2007	03/03/2008	27/03/2008	Dutch	PDF
Abridged model	30/09/2006	05/03/2007	23/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 30/09/2025 · 2 active · 6 ended

Active mandates

Christine Raes

Director

Active

GEERT LAUREYS

Director

Active

Ended mandates

Christine Raes

Manager · since 29 septembre 2010

Ended

Geert Laureys

Manager · since 01 juillet 2005

Ended

Christine Raes

Mandate

Ended

Christine Raes

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/11/2019
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares30/07/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares26/10/2010
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office13/06/2007
WIJZIGING MAATSCHAPPELIJKE ZETEL
PDF
Mandates11/07/2005
ONTSLAGEN - BENOEMINGEN
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 20252,9 M €↑
2024
Annual accounts 20241,3 M €↓
2023
Annual accounts 20231,9 M €↑
2022
Annual accounts 2022429 k €↑
2021
Annual accounts 2021-31,8 k €↓
2020
Annual accounts 2020213,9 k €↑
2019
Annual accounts 201943,2 k €↓
2018
Annual accounts 2018195,3 k €↑
2017
Annual accounts 201763,7 k €↑
2016
Annual accounts 201639,8 k €↓
2015
Annual accounts 2015268,2 k €↑
2014
Annual accounts 201497,7 k €↑
2013
Annual accounts 201376,6 k €↑
2012
Annual accounts 201230,7 k €↓
2011
Annual accounts 201138,1 k €↓
2010
Annual accounts 2010102,3 k €↓
2009
Annual accounts 2009220,1 k €↑
2008
Annual accounts 200861,5 k €↓
2007
Annual accounts 200771 k €
02/11/2001
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

SPENDEHOEVE

Overview

What does SPENDEHOEVE do?

Trend over 19 financial years

Indicative valuation

Board of directors

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