ACTIVE

SPS FIN

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Financial year 2025 · closed on 31/12/2025
Net result
423,4 k €
+352.5% YoY
Revenue
1,6 M €
+18.2% YoY
Equity
1,7 M €
-3.6% YoY

What does SPS FIN do?

SPS FIN is a Public limited company incorporated in 2009. Its main activity is: Electrical, plumbing and other construction installation activities. Its registered office is in Merelbeke-Melle.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0811.365.903
Incorporation
24/04/2009
Legal form
Public limited company
Registered office
Neringsweg 2
9820 Merelbeke-Melle · FlandreSee on map
Contributed capital
634 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
43240Electrical, plumbing and other construction installation activities· main43299Other construction installation43211Electrical installation43211Electrical installation43222Plumbing, heat and air-conditioning installation43222Plumbing, heat and air-conditioning installation+2
Signals
ProfitableSolid equityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021201820172016201520142013201220112010
Income statement
Revenue1,6 M €1,3 M €––––––1,5 M €1,4 M €1,4 M €1,3 M €1 M €–
EBITDA1,4 M €1,1 M €1,3 M €1,4 M €1,2 M €1,4 M €1,2 M €1,3 M €1,3 M €1,2 M €1,2 M €1,2 M €906,7 k €-10,4 k €
Operating result569,6 k €332,6 k €442,6 k €699,4 k €429 k €617,5 k €452 k €477,1 k €542,6 k €454,1 k €414,1 k €361,3 k €353,2 k €-10,4 k €
Net result423,4 k €93,6 k €172,4 k €503,2 k €205,5 k €318,3 k €129,3 k €124,4 k €170,9 k €-10,1 k €-463,8 k €-442,9 k €-153,1 k €-8,7 k €
Balance sheet
Equity1,7 M €1,8 M €1,8 M €2,1 M €1,7 M €1,4 M €1,1 M €1,1 M €1 M €958,3 k €1,1 M €1,6 M €2,2 M €211,3 k €
Total assets5,2 M €5,6 M €6,4 M €7,4 M €8,4 M €10,9 M €11,2 M €11,9 M €12,8 M €13,2 M €14,5 M €15,4 M €17,2 M €211,6 k €
Cash811,1 k €468,3 k €576,8 k €375,9 k €940,5 k €933,4 k €308 k €367,7 k €488,6 k €223,4 k €619,3 k €51,1 k €315,5 k €210,6 k €
Debts3,2 M €3,7 M €4,5 M €5,2 M €6,5 M €9,3 M €9,9 M €10,6 M €11,6 M €12,1 M €13,4 M €13,3 M €14,3 M €247,5 €
Other
Workforce––0,0 ETP0,0 ETP––––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 46 ended

Active mandates

INFRABEL

Director · since 01 juillet 2026 · until 27 juin 2031 · 0869.763.267

Represented by Marlène Klompenhouwer

Active
INFRABEL

Director · since 21 avril 2026 · until 01 juillet 2026 · 0869.763.267

Represented by Maes Cecilia

Active
Bruno Heirman

Director · since 27 juin 2025 · until 27 juin 2031

Active
Enve

Director · since 27 juin 2025 · until 27 juin 2031 · 0883.070.875

Represented by Thomas Goethals

Active
INFRABEL

Director · since 27 juin 2025 · until 21 avril 2026 · 0869.763.267

Represented by Vanderveeren Christine

Active
Willem Wevers

Director · since 27 juin 2025 · until 27 juin 2031

Active
Lucas Van Hove

Director · since 24 juin 2022 · until 17 mars 2025

Active

Ended mandates

Nathalie Blauwblomme

Director · since 25 août 2022 · until 20 juin 2023

Ended
Nathalie Blauwblomme

Director · since 25 août 2022

Ended
Enve

Director · since 24 août 2022 · until 27 juin 2025 · 0883.070.875

Represented by Thomas GOETHALS

Ended
Enve

Director · since 24 août 2022 · 0883.070.875

Represented by Thomas GOETHALS

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/07/202624/07/202516/07/202404/07/202305/07/202226/10/2021
General meeting13/07/202627/06/202528/06/202430/06/202324/06/202225/06/2021
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

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202513/07/202617/07/2026DutchPDF
Abridged model31/12/202427/06/202524/07/2025DutchPDF
Abridged model31/12/202328/06/202416/07/2024DutchPDF
Abridged model31/12/202230/06/202304/07/2023DutchPDF
Abridged model31/12/202124/06/202205/07/2022DutchPDF
Abridged modelCorrection31/12/202025/06/202126/10/2021DutchPDF
Abridged model31/12/202025/06/202115/07/2021DutchPDF
Abridged model31/12/201926/06/202022/07/2020DutchPDF
Abridged model31/12/201828/06/201930/08/2019DutchPDF
Abridged model31/12/201729/06/201831/08/2018DutchPDF
Abridged model31/12/201630/06/201729/08/2017DutchPDF
Full model31/12/201524/06/201618/07/2016DutchPDF
Full model31/12/201426/06/201502/07/2015DutchPDF
Full model31/12/201316/09/201426/09/2014DutchPDF
Full model31/12/201227/09/201326/11/2013DutchPDF
Full model31/12/201129/06/201209/07/2012DutchPDF
Full model30/04/201006/09/201023/12/2010DutchPDF
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.

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 · 7 active · 46 ended

Active mandates

INFRABEL

Director · since 01 juillet 2026 · until 27 juin 2031 · 0869.763.267

Represented by Marlène Klompenhouwer

Active
INFRABEL

Director · since 21 avril 2026 · until 01 juillet 2026 · 0869.763.267

Represented by Maes Cecilia

Active
Bruno Heirman

Director · since 27 juin 2025 · until 27 juin 2031

Active
Enve

Director · since 27 juin 2025 · until 27 juin 2031 · 0883.070.875

Represented by Thomas Goethals

Active
INFRABEL

Director · since 27 juin 2025 · until 21 avril 2026 · 0869.763.267

Represented by Vanderveeren Christine

Active
Willem Wevers

Director · since 27 juin 2025 · until 27 juin 2031

Active
Lucas Van Hove

Director · since 24 juin 2022 · until 17 mars 2025

Active

Ended mandates

Nathalie Blauwblomme

Director · since 25 août 2022 · until 20 juin 2023

Ended
Nathalie Blauwblomme

Director · since 25 août 2022

Ended
Enve

Director · since 24 août 2022 · until 27 juin 2025 · 0883.070.875

Represented by Thomas GOETHALS

Ended
Enve

Director · since 24 août 2022 · 0883.070.875

Represented by Thomas GOETHALS

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates19/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/06/2023
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/04/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/12/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/05/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/12/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/01/2018
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office28/11/2017
    MAATSCHAPPELIJKE ZETEL
    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 2025423,4 k €↑
  2. 2024
    Annual accounts 202493,6 k €↓
  3. 2023
    Annual accounts 2023172,4 k €↓
  4. 2022
    Annual accounts 2022503,2 k €↑
  5. 2021
    Annual accounts 2021205,5 k €↓
  6. 2018
    Annual accounts 2018318,3 k €↑
  7. 2017
    Annual accounts 2017129,3 k €↑
  8. 2016
    Annual accounts 2016124,4 k €↓
  9. 2015
    Annual accounts 2015170,9 k €↑
  10. 2014
    Annual accounts 2014-10,1 k €↑
  11. 2013
    Annual accounts 2013-463,8 k €↓
  12. 2012
    Annual accounts 2012-442,9 k €↓
  13. 2011
    Annual accounts 2011-153,1 k €↓
  14. 2010
    Annual accounts 2010-8,7 k €
  15. 24/04/2009
    IncorporationPublic limited company