ACTIVE

SPECTER

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Financial year 2025 · closed on 31/12/2025
Net result
-601,9 k €
+19.4% YoY
Gross margin
238,1 k €
+256.4% YoY
Equity
-149,6 k €
-133.1% YoY
Workforce
4,4 ETP
+2.3% YoY

What does SPECTER do?

SPECTER is a Private limited company incorporated in 2020. Its main activity is: Manufacture of bicycles and invalid carriages. Its registered office is in Gent. It employs on average 4,4 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0759.379.049
Incorporation
03/12/2020
Legal form
Private limited company
Registered office
Industrieweg 18 box D003
9032 Gent · FlandreSee on map
Contributed capital
434 713,51 €
Latest accounts
31/12/2025
Average workforce
4,4 ETP
Activities (NACE)
30920Manufacture of bicycles and invalid carriages· main30920Manufacture of bicycles and invalid carriages
Joint committees (3)
  • 209
  • 2090
  • 20900
Contacts
1 public detail availableLog in to view
Signals
Healthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin238,1 k €-152,2 k €-301,7 k €135,4 k €
EBITDA-154 k €-421,1 k €-510,4 k €65,6 k €
Operating result-526,4 k €-674,8 k €-758,4 k €21,4 k €
Net result-601,9 k €-747,1 k €-811,2 k €17,5 k €
Balance sheet
Equity-149,6 k €452,2 k €-190,9 k €369,5 k €
Total assets2,2 M €2 M €1,4 M €714,2 k €
Cash4,8 k €35,5 k €23 k €75 k €
Debts2,3 M €1,5 M €1,6 M €341 k €
Other
Workforce4,4 ETP4,3 ETP––
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 8 ended

Active mandates

FundRacer Mobility Fund I Coöperatief U.A.

Director · since 21 juin 2024 · 1009.892.437

Represented by Renatus Wiertz

Active
Maarten Baert

Managing director · since 21 juin 2024

Active
MGO Invest

Director · since 21 juin 2024 · 0642.802.271

Represented by Nicolas Linkens

Active
RODECOM

Director · since 21 juin 2024 · 0823.838.519

Represented by Robbert DESMET

Active

Ended mandates

MGO Invest

Director · since 21 juin 2024 · 0642.802.271

Represented by Nicolas Linkens

Ended
RODECOM

Director · since 21 juin 2024 · 0823.838.519

Represented by Robbert Desmet

Ended
CMI

Director · since 23 juin 2021 · 0753.486.201

Represented by Steven MESTDAGH

Ended
Flor Van Eeghem

Director · since 23 juin 2021

Ended
At this address

Other companies at this address

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0717.911.252
BUCEMA● Active
1041.946.185
Buijsse Cars● Active
0771.733.879
ENERJI● Active
0820.244.074
GANDACARS● Active
0412.751.529
GANDA NOVA● Active
1034.354.649
I.C.P.● Active
0412.838.631
KDB intérieur● Bankrupt
0818.260.722
Renovatiewerken Dewever Olivier● Active
0720.605.971
SPRINGPRESS● Active
0418.899.250
TRANSPORT VLAANDEREN● Active
0687.892.821
Vereniging van mede-eigenaars residentie Cassandra - Bedrijvencomplex te 9032 Gent, Industrieweg 18● Active
0779.440.926
Werken-Vlaanderen● Active
0547.961.215
Annual accounts

Full financial information

2025202420232022
Type of accountAbridged modelAbridged modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/07/202203/12/2020
Closing of the financial year31/12/202531/12/202431/12/202330/06/2022
Length of the financial year12 months12 months18 months19 months
Filing date30/07/202630/07/202530/07/202430/01/2023
General meeting30/06/202630/06/202530/06/202403/12/2022
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202630/07/2026DutchPDF
Abridged model31/12/202430/06/202530/07/2025DutchPDF
Micro model31/12/202330/06/202430/07/2024DutchPDF
Micro model30/06/202203/12/202230/01/2023DutchPDF
Estimate

Indicative valuation

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 · 4 active · 8 ended

Active mandates

FundRacer Mobility Fund I Coöperatief U.A.

Director · since 21 juin 2024 · 1009.892.437

Represented by Renatus Wiertz

Active
Maarten Baert

Managing director · since 21 juin 2024

Active
MGO Invest

Director · since 21 juin 2024 · 0642.802.271

Represented by Nicolas Linkens

Active
RODECOM

Director · since 21 juin 2024 · 0823.838.519

Represented by Robbert DESMET

Active

Ended mandates

MGO Invest

Director · since 21 juin 2024 · 0642.802.271

Represented by Nicolas Linkens

Ended
RODECOM

Director · since 21 juin 2024 · 0823.838.519

Represented by Robbert Desmet

Ended
CMI

Director · since 23 juin 2021 · 0753.486.201

Represented by Steven MESTDAGH

Ended
Flor Van Eeghem

Director · since 23 juin 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/07/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other06/07/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Registered office02/06/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office02/09/2021
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates01/07/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares22/02/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Other07/12/2020
    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 2025-601,9 k €↑
  2. 2024
    Annual accounts 2024-747,1 k €↑
  3. 2023
    Annual accounts 2023-811,2 k €↓
  4. 2022
    Annual accounts 202217,5 k €
  5. 03/12/2020
    IncorporationPrivate limited company