ACTIVE

SPARTHAN

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Financial year 2025 · closed on 29/09/2025
Net result
13,7 k €
+1711.6% YoY
Gross margin
67 k €
+238.9% YoY
Equity
108,2 k €
+14.5% YoY
Workforce
0,0 ETP

What does SPARTHAN do?

SPARTHAN is a Private limited company incorporated in 2014. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Izegem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0552.545.553
Incorporation
29/04/2014
Legal form
Private limited company
Registered office
Oude Iepersestraat 37
8870 Izegem · FlandreSee on map
Contributed capital
50 220,00 €
Latest accounts
29/09/2025
Average workforce
0,0 ETP
Activities (NACE)
71121Engineering activities and related technical consultancy· main71121Engineering activities and related technical consultancy
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201820172016
Income statement
Gross margin67 k €19,8 k €30 k €34,3 k €27 k €48,5 k €104,4 k €22,8 k €58,8 k €
EBITDA66,1 k €18,2 k €28,8 k €32,9 k €25,3 k €45,7 k €102 k €21,8 k €57,5 k €
Operating result40,4 k €11,2 k €26,7 k €31,2 k €22,2 k €18,8 k €86,5 k €-3,5 k €29,8 k €
Net result13,7 k €-848,1 €14,8 k €15,9 k €12,6 k €1,8 k €61,1 k €-6,3 k €27 k €
Balance sheet
Equity108,2 k €94,5 k €95,3 k €80,5 k €64,6 k €52 k €53,5 k €12,4 k €18,7 k €
Total assets644,6 k €577,6 k €553,2 k €576,7 k €560 k €546,1 k €173,2 k €92,3 k €57,2 k €
Cash8,7 k €2,8 k €10,9 k €5,2 k €8,4 k €8 k €41,9 k €43 k €32,8 k €
Debts520 k €483,1 k €457,9 k €492,7 k €491,9 k €490,6 k €119,7 k €79,8 k €38,5 k €
Other
Workforce0,0 ETP––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 29/09/2025 · 1 active · 1 ended

Active mandates

Vincent Theunynck

Director

Active

Ended mandates

Vincent Theunynck

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
Arthena● Active
1040.711.812
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year30/09/202401/10/202301/10/202201/10/202101/10/202001/10/2018
Closing of the financial year29/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year13 months12 months12 months12 months12 months24 months
Filing date30/04/202630/04/202530/04/202402/05/202302/05/202230/04/2021
General meeting28/03/202630/04/202524/04/202403/04/202329/03/202227/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model29/09/202528/03/202630/04/2026DutchPDF
Abridged model30/09/202430/04/202530/04/2025DutchPDF
Abridged model30/09/202324/04/202430/04/2024DutchPDF
Abridged model30/09/202203/04/202302/05/2023DutchPDF
Abridged model30/09/202129/03/202202/05/2022DutchPDF
Abridged model30/09/202027/03/202130/04/2021DutchPDF
Abridged model30/09/201830/03/201930/04/2019DutchPDF
Abridged model31/03/201730/09/201731/10/2017DutchPDF
Abridged model31/03/201618/07/201607/09/2016DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 29/09/2025 · 1 active · 1 ended

Active mandates

Vincent Theunynck

Director

Active

Ended mandates

Vincent Theunynck

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other02/07/2026
    DIVERSEN
    PDF
  • Registered office19/11/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates09/10/2019
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
    PDF
  • Other13/04/2018
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates25/01/2016
    BENAMING - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
    PDF
  • Other20/05/2014
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 202513,7 k €↑
  2. 2024
    Annual accounts 2024-848,1 €↓
  3. 2023
    Annual accounts 202314,8 k €↓
  4. 2022
    Annual accounts 202215,9 k €↑
  5. 2021
    Annual accounts 202112,6 k €↑
  6. 2020
    Annual accounts 20201,8 k €↓
  7. 2018
    Annual accounts 201861,1 k €↑
  8. 2017
    Annual accounts 2017-6,3 k €↓
  9. 2016
    Annual accounts 201627 k €
  10. 29/04/2014
    IncorporationPrivate limited company