ACTIVE

SPROJEX

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Financial year 2025 · closed on 31/12/2025

Net result

21,1 k €

-22.8% YoY

Gross margin

63,7 k €

+8.3% YoY

Equity

209,5 k €

+11.2% YoY

What does SPROJEX do?

SPROJEX is a Private limited company incorporated in 2008. Its registered office is in Aalter.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0806.660.611

Incorporation

29/09/2008

Legal form

Private limited company

Registered office

Langendamdreef 45
9880 Aalter · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	63,7 k €	+8.3%	58,8 k €	+66.7%	35,3 k €	-48.2%	68,1 k €	+44.1%	47,2 k €	-35.3%	73 k €	+123%	32,7 k €	-15.1%	38,5 k €	-9.8%	42,7 k €	+86.2%	22,9 k €	+39.3%	16,5 k €	-46.2%	30,6 k €	-5.7%	32,4 k €	+12.0%	29 k €	-7.6%	31,4 k €	-9.9%	34,8 k €	-37.0%	55,2 k €
EBITDA	60,4 k €	+10.3%	54,8 k €	+63.5%	33,5 k €	-50.2%	67,3 k €	+44.8%	46,5 k €	-34.5%	71 k €	+129%	31 k €	-16.9%	37,4 k €	-11.8%	42,3 k €	+87.7%	22,6 k €	+37.1%	16,5 k €	-46.2%	30,6 k €	-5.7%	32,4 k €	+12.0%	29 k €	-7.6%	31,4 k €	-9.9%	34,8 k €	-36.8%	55,1 k €
Operating result	32,9 k €	-23.0%	42,7 k €	+64.0%	26,1 k €	-57.6%	61,5 k €	+46.6%	41,9 k €	-37.2%	66,8 k €	+308%	16,4 k €	-46.8%	30,8 k €	-17.4%	37,3 k €	+112%	17,6 k €	+95.5%	9 k €	-61.9%	23,6 k €	-0.1%	23,6 k €	+27.4%	18,5 k €	-18.5%	22,7 k €	-23.9%	29,9 k €	-39.6%	49,4 k €
Net result	21,1 k €	-22.8%	27,4 k €	+80.6%	15,2 k €	-64.0%	42,1 k €	+42.0%	29,7 k €	-41.6%	50,8 k €	+266%	13,9 k €	-40.4%	23,3 k €	-0.3%	23,4 k €	+230%	7,1 k €	+101%	3,5 k €	-72.8%	12,9 k €	-3.9%	13,5 k €	+34.6%	10 k €	-19.4%	12,4 k €	-35.6%	19,2 k €	-38.5%	31,3 k €
Balance sheet
Equity	209,5 k €	+11.2%	188,3 k €	+9.4%	172,2 k €	-4.5%	180,4 k €	+14.5%	157,6 k €	+12.1%	140,5 k €	+36.9%	102,7 k €	-0.1%	102,8 k €	+12.3%	91,5 k €	+34.3%	68,1 k €	+11.6%	61 k €	+6.1%	57,5 k €	+29.0%	44,6 k €	+43.2%	31,1 k €	+47.3%	21,1 k €	-62.7%	56,7 k €	+51.3%	37,5 k €
Total assets	270,1 k €	-2.3%	276,5 k €	+10.7%	249,7 k €	+14.5%	218,1 k €	+25.3%	174 k €	+11.5%	156,1 k €	+29.4%	120,6 k €	-8.0%	131,1 k €	+24.3%	105,5 k €	+38.0%	76,5 k €	+17.3%	65,2 k €	+3.9%	62,8 k €	+19.7%	52,4 k €	-1.6%	53,3 k €	-38.0%	86 k €	+18.4%	72,6 k €	+64.5%	44,2 k €
Cash	94,1 k €	+25.7%	74,9 k €	-37.2%	119,3 k €	+10.2%	108,3 k €	+35.5%	79,9 k €	+92.7%	41,5 k €	+99.8%	20,8 k €	+18.0%	17,6 k €	-18.4%	21,6 k €	-10.0%	23,9 k €	+23.5%	19,4 k €	+70.8%	11,3 k €	+225%	3,5 k €	-39.7%	5,8 k €	-81.0%	30,5 k €	-4.7%	32 k €	+657%	4,2 k €
Debts	60,6 k €	-31.3%	88,2 k €	+14.3%	77,1 k €	+105%	37,7 k €	+132%	16,3 k €	+4.8%	15,5 k €	-13.6%	18 k €	-36.7%	28,4 k €	+103%	14 k €	+67.9%	8,3 k €	+100%	4,2 k €	-20.8%	5,3 k €	-33.0%	7,8 k €	-64.6%	22,2 k €	-65.8%	64,9 k €	+354%	14,3 k €	+136%	6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Johan Muls

Director

Active

Ended mandates

Johan Jeanne L Muls

Manager

Ended

Johan Muls

Administrator - manager

Ended

Johan Muls

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	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	14/08/2026	26/08/2025	03/07/2024	29/08/2023	31/08/2022	12/08/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	23/06/2023	24/06/2022	25/06/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	14/08/2026	Dutch	PDF
Micro model	31/12/2024	27/06/2025	26/08/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	03/07/2024	Dutch	PDF
Micro model	31/12/2022	23/06/2023	29/08/2023	Dutch	PDF
Micro model	31/12/2021	24/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	12/08/2021	Dutch	PDF
Micro model	31/12/2019	26/06/2020	31/08/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	27/08/2019	Dutch	PDF
Micro model	31/12/2017	22/06/2018	31/08/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	19/07/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	15/07/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	04/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	18/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	23/07/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	14/07/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	13/07/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 3 ended

Active mandates

Johan Muls

Director

Active

Ended mandates

Johan Jeanne L Muls

Manager

Ended

Johan Muls

Administrator - manager

Ended

Johan Muls

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/02/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/07/2019
MAATSCHAPPELIJKE ZETEL
PDF
Other01/10/2008
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

2025
Annual accounts 202521,1 k €↓
2024
Annual accounts 202427,4 k €↑
2023
Annual accounts 202315,2 k €↓
2022
Annual accounts 202242,1 k €↑
2021
Annual accounts 202129,7 k €↓
2020
Annual accounts 202050,8 k €↑
2019
Annual accounts 201913,9 k €↓
2018
Annual accounts 201823,3 k €↓
2017
Annual accounts 201723,4 k €↑
2016
Annual accounts 20167,1 k €↑
2015
Annual accounts 20153,5 k €↓
2014
Annual accounts 201412,9 k €↓
2013
Annual accounts 201313,5 k €↑
2012
Annual accounts 201210 k €↓
2011
Annual accounts 201112,4 k €↓
2010
Annual accounts 201019,2 k €↓
2009
Annual accounts 200931,3 k €
29/09/2008
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

SPROJEX

Overview

What does SPROJEX do?

Trend over 17 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