ACTIVE

Spraying Systems Europe

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Financial year 2025 · Closed on 31/12/2025

Net result208,4 k €+174,8 %over 1 year
Revenue31,6 M €-2,5 %over 1 year
Equity1,7 M €+14,3 %over 1 year
Workforce33,3 ETP-12,6 %over 1 year

Identity

Source · BCE/KBO

Spraying Systems Europe is a Private limited company incorporated in 2020. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Deinze. It employs on average 33,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0745.677.305
Incorporation
27/03/2020
Legal form
Private limited company
Registered office
Souverainestraat 5
9800 Deinze · FlandreSee on map
Contributed capital
565 030,21 €
Latest accounts
31/12/2025
Average workforce
33,3 ETP
Joint committees (1)
  • 200
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 6 filings

Trend over 5 financial years

20252024202320222021
Income statement
Revenue31,6 M €32,4 M €17,9 M €11,4 M €8,6 M €
EBITDA819,6 k €606,1 k €-145,5 k €-224,9 k €245 k €
Operating result218,9 k €52,1 k €-283,5 k €-274,4 k €239,3 k €
Net result208,4 k €-278,6 k €-299,7 k €-386,9 k €153,9 k €
Balance sheet
Equity1,7 M €1,5 M €1,7 M €2 M €178,9 k €
Total assets8 M €10,3 M €6,3 M €4,6 M €1,1 M €
Cash483,4 €0 €14,2 k €2,4 k €1,9 k €
Debts6,3 M €8,7 M €4,6 M €2,5 M €937,9 k €
Other
Workforce33,3 ETP38,1 ETP31,1 ETP25,3 ETP20,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 4 ended

Active mandates

Thomas Schernhuber

Director · since 01 octobre 2022

Active
Mark Grypdon

Director · since 27 mars 2020

Active
Thomas Cioni

Director · since 27 mars 2020

Active

Ended mandates

Martin Hynes

Director · since 27 mars 2020 · until 01 octobre 2022

Ended
Martin Hynes

Director · since 27 mars 2020

Ended
Raoul De Winne

Director · since 27 mars 2020 · until 01 octobre 2022

Ended
Raoul De Winne

Director · since 27 mars 2020

Ended

Other companies at this address

Souverainestraat 5 9800 Deinze
CompanyCBE no.
Spraying Systems AutoJet Europe● Active
0463.653.466
Spray Ventures● Active
1015.719.662
TEEJET EMEA● Active
0476.054.323

Full financial information

Source · NBB
20252024202320222021
Type of accountFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202227/03/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months22 months
Filing date04/08/202604/08/202518/07/202431/12/202330/12/2022
General meeting19/06/202620/06/202528/06/202410/11/202330/11/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 6 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202519/06/202604/08/2026DutchPDF
Full model31/12/202420/06/202504/08/2025DutchPDF
Full model31/12/202328/06/202418/07/2024DutchPDF
Full model31/12/202210/11/202331/12/2023DutchPDF
Full modelCorrection31/12/202130/11/202230/12/2022DutchPDF
Full model31/12/202130/11/202203/12/2022DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 4 ended

Active mandates

Thomas Schernhuber

Director · since 01 octobre 2022

Active
Mark Grypdon

Director · since 27 mars 2020

Active
Thomas Cioni

Director · since 27 mars 2020

Active

Ended mandates

Martin Hynes

Director · since 27 mars 2020 · until 01 octobre 2022

Ended
Martin Hynes

Director · since 27 mars 2020

Ended
Raoul De Winne

Director · since 27 mars 2020 · until 01 octobre 2022

Ended
Raoul De Winne

Director · since 27 mars 2020

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates30/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring06/12/2023
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring20/06/2023
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates09/02/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office09/09/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates26/01/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares08/03/2021
    KAPITAAL - AANDELEN
    PDF

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 2025208,4 k €↑
  2. 2024
    Annual accounts 2024-278,6 k €↑
  3. 2023
    Annual accounts 2023-299,7 k €↑
  4. 2022
    Annual accounts 2022-386,9 k €↓
  5. 2021
    Annual accounts 2021153,9 k €
  6. 27/03/2020
    IncorporationPrivate limited company