ACTIVE

V'SPA

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

9 k €

+224.0% YoY

Gross margin

46,3 k €

+14.6% YoY

Equity

67 k €

+15.4% YoY

What does V'SPA do?

V'SPA is a Private limited company incorporated in 2011. Its main activity is: Rental and leasing of other machinery, equipment and tangible goods n.e.c.. Its registered office is in Spa.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0832.507.250

Incorporation

06/01/2011

Legal form

Private limited company

Registered office

Rue Général Bertrand 2
4900 Spa · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.· main 77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.47559Retail sale of other household equipment in specialised stores 47599Retail sale of furniture, lighting equipment and other household articles in specialised stores 82300Organisation of conventions and trade shows 82300Organisation of conventions and trade shows

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	46,3 k €	+14.6%	40,4 k €	+14.2%	35,3 k €	-13.0%	40,6 k €	-24.5%	53,8 k €	+45.8%	36,9 k €	-37.6%	59,1 k €	+22.8%	48,1 k €	-6.2%	51,3 k €	+94.2%	26,4 k €	+1.7%	26 k €	-38.1%	42 k €	+10.6%	37,9 k €	-29.9%	54,1 k €	+59.1%	34 k €
EBITDA	43,7 k €	+18.5%	36,9 k €	+12.3%	32,8 k €	-12.0%	37,3 k €	-13.3%	43 k €	+30.1%	33,1 k €	-35.4%	51,3 k €	+19.5%	42,9 k €	-7.7%	46,5 k €	+102%	23 k €	+8.2%	21,2 k €	-43.7%	37,7 k €	+11.8%	33,7 k €	-33.7%	50,9 k €	+70.0%	29,9 k €
Operating result	17,6 k €	+53.3%	11,5 k €	+33.1%	8,6 k €	-45.8%	15,9 k €	-31.2%	23,1 k €	+198%	7,8 k €	-62.3%	20,6 k €	+13.2%	18,2 k €	-14.5%	21,3 k €	+2471%	828 €	-50.3%	1,7 k €	-88.6%	14,6 k €	+1609%	853 €	-94.7%	16 k €	+123%	7,2 k €
Net result	9 k €	+224%	2,8 k €	-35.1%	4,3 k €	-55.8%	9,7 k €	-38.4%	15,7 k €	+856%	1,6 k €	-83.7%	10 k €	+361%	2,2 k €	-80.2%	11 k €	+209%	-10,1 k €	-115%	-4,7 k €	-187%	5,4 k €	+162%	-8,7 k €	-1095%	877 €	+260%	-548 €
Balance sheet
Equity	67 k €	+15.4%	58,1 k €	+5.0%	55,3 k €	+8.4%	51 k €	+23.4%	41,4 k €	+61.1%	25,7 k €	+6.8%	24,1 k €	+71.7%	14 k €	+18.4%	11,8 k €	+1349%	816 €	-92.5%	10,9 k €	-30.1%	15,6 k €	+53.3%	10,2 k €	-46.1%	18,9 k €	+4.9%	18,1 k €
Total assets	125,6 k €	+0.5%	125,1 k €	-7.5%	135,2 k €	-2.7%	139 k €	-3.5%	144 k €	-11.4%	162,5 k €	-4.6%	170,3 k €	-15.3%	201,2 k €	+0.7%	199,8 k €	-3.8%	207,7 k €	-8.0%	225,9 k €	-4.4%	236,2 k €	+2.9%	229,6 k €	-8.7%	251,4 k €	+360%	54,7 k €
Cash	60,8 k €	+28.1%	47,4 k €	+10.7%	42,9 k €	+36.1%	31,5 k €		–		–		17,9 k €	-38.1%	29 k €	+86.3%	15,6 k €	+6.3%	14,7 k €	-7.0%	15,8 k €	+7.7%	14,6 k €	+53.2%	9,6 k €	+73.6%	5,5 k €	+23.6%	4,5 k €
Debts	58,6 k €	-12.5%	67 k €	-16.2%	79,9 k €	-9.2%	88 k €	-14.3%	102,6 k €	-25.0%	136,8 k €	-6.5%	146,3 k €	-21.8%	187,1 k €	-0.4%	187,9 k €	-9.2%	206,9 k €	-3.7%	215 k €	-2.5%	220,5 k €	+0.5%	219,4 k €	-5.4%	231,8 k €	+597%	33,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Séverine BERTRAND

Director

Active

Ended mandates

Cécile BERTRAND

Manager

Ended

Gregory Yungblut

Manager

Ended

Séverine BERTRAND

Mandate

Ended

Séverine BERTRAND

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
SGY● Active	0627.625.731

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	07/08/2026	31/07/2025	08/08/2024	13/08/2023	05/08/2022	25/06/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	16/06/2023	24/06/2022	19/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	07/08/2026	French	PDF
Micro model	31/12/2024	27/06/2025	31/07/2025	French	PDF
Micro model	31/12/2023	28/06/2024	08/08/2024	French	PDF
Micro model	31/12/2022	16/06/2023	13/08/2023	French	PDF
Micro model	31/12/2021	24/06/2022	05/08/2022	French	PDF
Micro model	31/12/2020	19/06/2021	25/06/2021	French	PDF
Micro model	31/12/2019	20/06/2020	02/07/2020	French	PDF
Micro model	31/12/2018	21/06/2019	03/08/2019	French	PDF
Abridged model	31/12/2017	08/06/2018	01/08/2018	French	PDF
Abridged model	31/12/2016	09/06/2017	27/06/2017	French	PDF
Abridged model	31/12/2015	24/06/2016	15/07/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	13/07/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	10/07/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	03/07/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	02/07/2012	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 4 ended

Active mandates

Séverine BERTRAND

Director

Active

Ended mandates

Cécile BERTRAND

Manager

Ended

Gregory Yungblut

Manager

Ended

Séverine BERTRAND

Mandate

Ended

Séverine BERTRAND

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20259 k €↑
2024
Annual accounts 20242,8 k €↓
2023
Annual accounts 20234,3 k €↓
2022
Annual accounts 20229,7 k €↓
2021
Annual accounts 202115,7 k €↑
2020
Annual accounts 20201,6 k €↓
2019
Annual accounts 201910 k €↑
2018
Annual accounts 20182,2 k €↓
2017
Annual accounts 201711 k €↑
2016
Annual accounts 2016-10,1 k €↓
2015
Annual accounts 2015-4,7 k €↓
2014
Annual accounts 20145,4 k €↑
2013
Annual accounts 2013-8,7 k €↓
2012
Annual accounts 2012877 €↑
2011
Annual accounts 2011-548 €
06/01/2011
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

V'SPA

Overview

What does V'SPA do?

Trend over 15 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline