SPIKES
0477.565.939 · rovalta.com · 22/09/2026
ACTIVE
SPIKES
Financial year 2025 · closed on 31/12/2025
Net result
403,5 k €
-54.2% YoY
Gross margin
3,6 M €
-9.3% YoY
Equity
2,7 M €
0.0% YoY
Workforce
30,0 ETP
+1.4% YoY
Overview
What does SPIKES do?
SPIKES is a Public limited company incorporated in 2002. Its registered office is in Antwerpen. It employs on average 30,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0477.565.939
Incorporation
21/05/2002
Legal form
Public limited company
Registered office
Mechelsesteenweg 64
2018 Antwerpen · FlandreSee on map
2018 Antwerpen · FlandreSee on map
Contributed capital
137 000,00 €
Latest accounts
31/12/2025
Average workforce
30,0 ETP
Joint committees (2)
- 200
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 3,6 M € | -9.3% | 3,9 M € | +5.4% | 3,7 M € | +21.1% | 3,1 M € | +5.9% | 2,9 M € | +7.7% | 2,7 M € | +16.8% | 2,3 M € | -20.2% | 2,9 M € | -23.3% | 3,8 M € | +7.7% | 3,5 M € | +6.1% | 3,3 M € | -1.1% | 3,3 M € | +20.4% | 2,8 M € | +29.2% | 2,1 M € | +2.6% | 2,1 M € | +13.3% | 1,8 M € | +9.8% | 1,7 M € | +21.5% | 1,4 M € |
| EBITDA | 814,1 k € | -39.0% | 1,3 M € | +26.9% | 1,1 M € | +111% | 497,1 k € | +6.8% | 465,5 k € | +191% | 159,9 k € | +138% | -425,7 k € | -348% | -95 k € | -124% | 397,4 k € | -19.6% | 494,5 k € | +23.1% | 401,8 k € | -47.8% | 769 k € | +36.1% | 565,1 k € | +114% | 263,7 k € | -43.9% | 470,2 k € | +54.4% | 304,6 k € | +12.8% | 270 k € | +250% | 77,1 k € |
| Operating result | 546,2 k € | -51.9% | 1,1 M € | +29.7% | 874,6 k € | +200% | 291,9 k € | +5.7% | 276,1 k € | +925% | -33,5 k € | +94.6% | -620,2 k € | -261% | -171,8 k € | -153% | 321,6 k € | -2.7% | 330,6 k € | +16.3% | 284,3 k € | -55.8% | 643 k € | +51.6% | 424 k € | +158% | 164,2 k € | -55.6% | 370 k € | +40.1% | 264,1 k € | +30.7% | 202,1 k € | +5535% | 3,6 k € |
| Net result | 403,5 k € | -54.2% | 880,6 k € | +47.0% | 598,9 k € | +251% | 170,4 k € | -16.9% | 205,1 k € | +448% | -59 k € | +90.8% | -643 k € | -227% | -196,9 k € | -182% | 239,6 k € | -8.2% | 260,9 k € | +50.2% | 173,7 k € | -68.9% | 557,7 k € | +43.3% | 389,3 k € | +208% | 126,4 k € | -29.0% | 177,9 k € | -21.0% | 225,2 k € | +55.1% | 145,2 k € | -53.4% | 311,4 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 2,7 M € | 0.0% | 2,7 M € | +31.4% | 2 M € | +42.2% | 1,4 M € | +6.3% | 1,3 M € | +1.8% | 1,3 M € | -4.3% | 1,4 M € | -22.4% | 1,8 M € | -10.0% | 2 M € | +13.9% | 1,7 M € | +17.8% | 1,5 M € | +13.5% | 1,3 M € | +31.3% | 982,4 k € | +37.8% | 713,1 k € | +4.9% | 679,6 k € | +4.3% | 651,7 k € | +52.8% | 426,5 k € | +51.6% | 281,3 k € |
| Total assets | 4,8 M € | +2.5% | 4,7 M € | +12.2% | 4,2 M € | +24.8% | 3,4 M € | +11.5% | 3 M € | -35.1% | 4,6 M € | +39.6% | 3,3 M € | +5.9% | 3,1 M € | -19.2% | 3,9 M € | +14.6% | 3,4 M € | +21.8% | 2,8 M € | -17.9% | 3,4 M € | +39.6% | 2,4 M € | +23.1% | 2 M € | +21.4% | 1,6 M € | -3.4% | 1,7 M € | +22.1% | 1,4 M € | +29.6% | 1,1 M € |
| Cash | 713,4 k € | +79.8% | 396,7 k € | +125% | 176,3 k € | -88.3% | 1,5 M € | +57.5% | 957,9 k € | +436% | 178,6 k € | +1183% | 13,9 k € | -72.3% | 50,2 k € | +48.2% | 33,9 k € | -72.8% | 124,3 k € | +182% | 44,1 k € | -92.8% | 608,8 k € | +359% | 132,6 k € | -33.8% | 200,2 k € | +18.2% | 169,4 k € | +316% | 40,7 k € | -63.9% | 112,7 k € | +354% | 24,8 k € |
| Debts | 2,1 M € | +5.5% | 2 M € | -9.1% | 2,2 M € | +13.4% | 1,9 M € | +16.3% | 1,6 M € | -50.6% | 3,3 M € | +70.5% | 2 M € | +42.5% | 1,4 M € | -28.7% | 1,9 M € | +15.4% | 1,7 M € | +26.1% | 1,3 M € | -37.1% | 2,1 M € | +45.2% | 1,4 M € | +14.8% | 1,3 M € | +33.2% | 945,2 k € | -8.3% | 1 M € | +8.4% | 950,6 k € | +22.1% | 778,8 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | 30,0 ETP | +1.4% | 29,6 ETP | -8.1% | 32,2 ETP | +2.2% | 31,5 ETP | -3.7% | 32,7 ETP | -7.1% | 35,2 ETP | -5.4% | 37,2 ETP | -6.5% | 39,8 ETP | -1.2% | 40,3 ETP | +4.4% | 38,6 ETP | -2.0% | 39,4 ETP | +12.3% | 35,1 ETP | +17.4% | 29,9 ETP | +12.8% | 26,5 ETP | +13.2% | 23,4 ETP | +7.8% | 21,7 ETP | +11.9% | 19,4 ETP | +9.6% | 17,7 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 6 active · 28 ended
Active mandates
Ended mandates
At this address
Other companies at this address
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|---|---|
AH DEVELOPMENT● Active | 0874.895.062 |
BONACHE● Active | 0866.870.786 |
Conix Group● Active | 1038.088.357 |
De Körver● Active | 0726.563.256 |
| 0640.897.608 | |
EQUALIS● Active | 0864.407.778 |
HEPRI● Active | 0787.248.931 |
HOMEPORT FAMILY SERVICES● Active | 0684.989.353 |
H.P.Participaties● Active | 0685.464.653 |
MDW VASTGOED● Active | 0760.328.065 |
NEOLEX● Active | 0722.736.607 |
NIGHTINGALE● Active | 0578.844.035 |
OVAL Belgium● Active | 0474.137.582 |
OVAL EARTH● Active | 1029.194.348 |
OVAL Europe● Active | 0760.594.321 |
Pim Maas● Active | 0781.460.704 |
SOLVINT SUPPLY MANAGEMENT● Active | 0860.235.788 |
TAIOHI● Active | 0870.016.952 |
TRIPLE B ADVISORS● Active | 0742.903.402 |
| 0847.220.071 |
Financials
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 | 12/06/2026 | 24/07/2025 | 19/08/2024 | 06/07/2023 | 19/08/2022 | 30/09/2021 |
| General meeting | 13/05/2026 | 27/06/2025 | 31/07/2024 | 30/06/2023 | 08/08/2022 | 24/09/2021 |
| 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 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 13/05/2026 | 12/06/2026 | Dutch | |
| Abridged model | 31/12/2024 | 27/06/2025 | 24/07/2025 | Dutch | |
| Abridged model | 31/12/2023 | 31/07/2024 | 19/08/2024 | Dutch | |
| Abridged model | 31/12/2022 | 30/06/2023 | 06/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 08/08/2022 | 19/08/2022 | Dutch | |
| Abridged model | 31/12/2020 | 24/09/2021 | 30/09/2021 | Dutch | |
| Abridged model | 31/12/2019 | 10/11/2020 | 24/11/2020 | Dutch | |
| Abridged model | 31/12/2018 | 30/09/2019 | 10/10/2019 | Dutch | |
| Abridged model | 31/12/2017 | 31/08/2018 | 28/09/2018 | Dutch | |
| Abridged model | 31/12/2016 | 31/08/2017 | 29/09/2017 | Dutch | |
| Abridged model | 31/12/2015 | 30/06/2016 | 11/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 30/06/2015 | 11/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 30/06/2014 | 17/07/2014 | Dutch | |
| Abridged model | 31/12/2012 | 06/05/2013 | 16/05/2013 | Dutch | |
| Abridged model | 31/12/2011 | 31/05/2012 | 12/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 20/04/2011 | 26/04/2011 | Dutch | |
| Abridged model | 31/12/2009 | 18/03/2010 | 22/03/2010 | Dutch | |
| Abridged model | 31/12/2008 | 07/05/2009 | 14/05/2009 | Dutch | |
| Abridged model | 31/12/2007 | 17/04/2008 | 25/04/2008 | Dutch | |
| Abridged model | 31/12/2006 | 26/03/2007 | 30/03/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 5 M€ and 10 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 6 active · 28 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates01/04/2026ONTSLAGEN - BENOEMINGEN
- Mandates10/02/2026ONTSLAGEN - BENOEMINGEN
- Mandates16/01/2026ONTSLAGEN - BENOEMINGEN
- Other26/11/2025STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates09/10/2025ONTSLAGEN - BENOEMINGEN
- Mandates28/02/2025ONTSLAGEN - BENOEMINGEN
- Mandates08/01/2025ONTSLAGEN - BENOEMINGEN
- Mandates04/09/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025403,5 k €↓
- 2024Annual accounts 2024880,6 k €↑
- 2023Annual accounts 2023598,9 k €↑
- 2022Annual accounts 2022170,4 k €↓
- 2021Annual accounts 2021205,1 k €↑
- 2019Annual accounts 2019-59 k €↑
- 2018Annual accounts 2018-643 k €↓
- 2017Annual accounts 2017-196,9 k €↓
- 2016Annual accounts 2016239,6 k €↓
- 2015Annual accounts 2015260,9 k €↑
- 2014Annual accounts 2014173,7 k €↓
- 2013Annual accounts 2013557,7 k €↑
- 2012Annual accounts 2012389,3 k €↑
- 2011Annual accounts 2011126,4 k €↓
- 2010Annual accounts 2010177,9 k €↓
- 2009Annual accounts 2009225,2 k €↑
- 2008Annual accounts 2008145,2 k €↓
- 2007Annual accounts 2007311,4 k €
- 21/05/2002IncorporationPublic limited company