ACTIVE

GESPICON

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Financial year 2025 · closed on 31/12/2025

Net result

9,5 k €

-42.5% YoY

Gross margin

64,8 k €

-15.4% YoY

Equity

183,8 k €

+5.5% YoY

What does GESPICON do?

GESPICON is a Private limited company incorporated in 2002. Its main activity is: Raising of dairy cattle. Its registered office is in Herentals.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.295.428

Incorporation

30/04/2002

Legal form

Private limited company

Registered office

Voortkapelseweg(NDW) 52
2200 Herentals · FlandreSee on map

Contributed capital

31 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

01410Raising of dairy cattle· main 81300Landscape service activities 81300Landscape service activities

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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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	64,8 k €	-15.4%	76,6 k €	-37.7%	123 k €	+101%	61,2 k €	-0.9%	61,8 k €	-9.7%	68,4 k €	+61.1%	42,5 k €	+995%	-4,7 k €	-124%	20,1 k €	-35.6%	31,3 k €	+142%	12,9 k €	+3535%	-375,8 €	-102%	22,6 k €	-28.0%	31,4 k €	+8.8%	28,9 k €	+68.7%	17,1 k €	-37.3%	27,3 k €	+9.5%	25 k €	+6.3%	23,5 k €	+79.0%	13,1 k €
EBITDA	62,8 k €	-15.9%	74,7 k €	-38.1%	120,7 k €	+149%	48,6 k €	-18.7%	59,8 k €	-9.2%	65,8 k €	+62.4%	40,5 k €	+787%	-5,9 k €	-131%	19 k €	-35.6%	29,5 k €	+177%	10,6 k €	+599%	-2,1 k €	-110%	21,9 k €	-23.6%	28,7 k €	+17.7%	24,4 k €	+60.2%	15,2 k €	-36.9%	24,1 k €	+1.4%	23,8 k €	+94.4%	12,2 k €	+37.9%	8,9 k €
Operating result	27,9 k €	-32.8%	41,6 k €	-53.8%	89,9 k €	+169%	33,4 k €	-8.8%	36,6 k €	-19.1%	45,2 k €	+253%	12,8 k €	+249%	-8,6 k €	-154%	16 k €	-43.3%	28,2 k €	+1981%	-1,5 k €	+89.7%	-14,6 k €	-259%	9,2 k €	-30.9%	13,3 k €	+115%	6,2 k €	+4624%	-137 €	-102%	8,2 k €	+12.5%	7,3 k €	+510%	1,2 k €	+38.6%	858,7 €
Net result	9,5 k €	-42.5%	16,5 k €	-68.8%	53,1 k €	+190%	18,3 k €	-15.7%	21,7 k €	-22.2%	27,9 k €	+317%	6,7 k €	+169%	-9,7 k €	-227%	7,6 k €	-56.7%	17,7 k €	+968%	-2 k €	+86.1%	-14,7 k €	-347%	5,9 k €	-25.5%	8 k €	+88.1%	4,2 k €	+397%	-1,4 k €	-137%	3,8 k €	-23.2%	5 k €	+53535%	-9,4 €	-103%	348,8 €
Balance sheet
Equity	183,8 k €	+5.5%	174,3 k €	+6.0%	164,5 k €	+47.7%	111,4 k €	-5.9%	118,4 k €	+22.4%	96,7 k €	+40.5%	68,9 k €	+10.7%	62,2 k €	-13.5%	71,9 k €	+11.9%	64,2 k €	+37.9%	46,6 k €	-4.2%	48,6 k €	-23.2%	63,2 k €	+10.4%	57,3 k €	+16.2%	49,3 k €	+9.4%	45,1 k €	-3.1%	46,5 k €	+9.0%	42,7 k €	+94.7%	21,9 k €	-0.0%	21,9 k €
Total assets	507,4 k €	-4.4%	530,6 k €	-3.5%	549,7 k €	+12.5%	488,6 k €	-3.9%	508,3 k €	-0.7%	511,8 k €	+6.4%	481,1 k €	+378%	100,5 k €	-21.1%	127,4 k €	+13.4%	112,3 k €	+22.6%	91,7 k €	-4.1%	95,5 k €	-16.9%	115 k €	-1.4%	116,6 k €	+21.1%	96,3 k €	+10.8%	86,9 k €	-7.3%	93,7 k €	+2.0%	91,8 k €	+25.3%	73,3 k €	+58.3%	46,3 k €
Cash	64,7 k €	-26.4%	87,9 k €	+23.4%	71,3 k €	+15.2%	61,9 k €	+8.2%	57,2 k €	+58.1%	36,2 k €	+50.0%	24,1 k €	-69.0%	77,8 k €	-15.6%	92,2 k €	+4.2%	88,5 k €	+42.9%	61,9 k €	+22.1%	50,7 k €	-27.6%	70,1 k €	+103%	34,6 k €	-23.7%	45,3 k €	-3.1%	46,7 k €	+74.8%	26,7 k €	+32.7%	20,2 k €	-12.8%	23,1 k €	+228%	7,1 k €
Debts	323,6 k €	-9.1%	356,2 k €	-7.5%	385 k €	+2.4%	375,8 k €	-3.6%	389,9 k €	-6.1%	415 k €	+0.7%	412,2 k €	+975%	38,4 k €	-31.0%	55,6 k €	+15.5%	48,1 k €	+6.7%	45,1 k €	-3.9%	47 k €	-9.2%	51,7 k €	-12.8%	59,3 k €	+26.4%	47 k €	+12.3%	41,8 k €	-11.4%	47,2 k €	-4.0%	49,2 k €	-4.3%	51,4 k €	+111%	24,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,4 ETP	0.0%	0,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

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

Active mandates

Geert Spits

Director

Active

Ended mandates

Anne-Mieke LEYS

Manager

Ended

Geert Spits

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	11/05/2026	27/04/2025	27/04/2024	14/05/2023	27/06/2022	18/06/2021
General meeting	25/04/2026	26/04/2025	27/04/2024	29/04/2023	30/04/2022	24/04/2021
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
Micro model	31/12/2025	25/04/2026	11/05/2026	Dutch	PDF
Micro model	31/12/2024	26/04/2025	27/04/2025	Dutch	PDF
Micro model	31/12/2023	27/04/2024	27/04/2024	Dutch	PDF
Micro model	31/12/2022	29/04/2023	14/05/2023	Dutch	PDF
Micro model	31/12/2021	30/04/2022	27/06/2022	Dutch	PDF
Micro model	31/12/2020	24/04/2021	18/06/2021	Dutch	PDF
Micro model	31/12/2019	25/04/2020	02/06/2020	Dutch	PDF
Micro model	31/12/2018	27/04/2019	21/06/2019	Dutch	PDF
Micro model	31/12/2017	28/04/2018	29/06/2018	Dutch	PDF
Micro model	31/12/2016	29/04/2017	06/06/2017	Dutch	PDF
Abridged model	31/12/2015	30/04/2016	13/06/2016	Dutch	PDF
Abridged model	31/12/2014	25/04/2015	14/08/2015	Dutch	PDF
Abridged model	31/12/2013	26/04/2014	25/06/2014	Dutch	PDF
Abridged model	31/12/2012	27/04/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	28/04/2012	12/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/04/2011	19/07/2011	Dutch	PDF
Abridged model	31/12/2009	24/04/2010	26/08/2010	Dutch	PDF
Abridged model	31/12/2008	25/04/2009	28/04/2009	Dutch	PDF
Abridged model	31/12/2007	26/04/2008	16/06/2008	Dutch	PDF
Abridged model	31/12/2006	28/04/2007	12/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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.

Governance

Board of directors

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

Active mandates

Geert Spits

Director

Active

Ended mandates

Anne-Mieke LEYS

Manager

Ended

Geert Spits

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/11/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/04/2017
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 20259,5 k €↓
2024
Annual accounts 202416,5 k €↓
2023
Annual accounts 202353,1 k €↑
2022
Annual accounts 202218,3 k €↓
2021
Annual accounts 202121,7 k €↓
2020
Annual accounts 202027,9 k €↑
2019
Annual accounts 20196,7 k €↑
2018
Annual accounts 2018-9,7 k €↓
2017
Annual accounts 20177,6 k €↓
2016
Annual accounts 201617,7 k €↑
2015
Annual accounts 2015-2 k €↑
2014
Annual accounts 2014-14,7 k €↓
2013
Annual accounts 20135,9 k €↓
2012
Annual accounts 20128 k €↑
2011
Annual accounts 20114,2 k €↑
2010
Annual accounts 2010-1,4 k €↓
2009
Annual accounts 20093,8 k €↓
2008
Annual accounts 20085 k €↑
2007
Annual accounts 2007-9,4 €↓
2006
Annual accounts 2006348,8 €
30/04/2002
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

GESPICON

Overview

What does GESPICON do?

Trend over 20 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