ACTIVE

A.SPIRE

Financial year 2025 · closed on 31/12/2025
Net result
-30,3 k €
-217.0% YoY
Gross margin
584,8 k €
+0.4% YoY
Equity
692,4 k €
-4.2% YoY
Workforce
5,7 ETP
+3.6% YoY

What does A.SPIRE do?

A.SPIRE is a International non-profit organization incorporated in 2012. Its main activity is: Management consultancy activities. Its registered office is in Etterbeek. It employs on average 5,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0848.414.953
Incorporation
04/09/2012
Legal form
International non-profit organization
Registered office
Rue Belliard 40 box 21
1040 Etterbeek · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
5,7 ETP
Joint committees (1)
  • 335
Signals
Solid equityLow riskGood liquidityHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201620152013
Income statement
Gross margin584,8 k €582,4 k €459,8 k €384,2 k €463,9 k €338,2 k €219,4 k €173,1 k €325,9 k €173,9 k €150,2 k €189,4 k €
EBITDA-366,3 €38,7 k €30,5 k €71,4 k €155,5 k €102,3 k €-113,1 k €-90,6 k €49,6 k €58,8 k €38,2 k €130,7 k €
Operating result-27 k €28,7 k €20,7 k €61,4 k €153,7 k €101 k €-112,6 k €-92,6 k €47,9 k €55,8 k €37,2 k €130,1 k €
Net result-30,3 k €25,9 k €18,3 k €58,8 k €151,6 k €99,4 k €-111,4 k €-94,2 k €46 k €54 k €35,7 k €128,7 k €
Balance sheet
Equity692,4 k €722,7 k €696,8 k €678,5 k €619,7 k €468 k €368,7 k €480,1 k €574,3 k €528,3 k €474,3 k €128,7 k €
Total assets1 M €1 M €891,8 k €797,4 k €727,8 k €578,9 k €480,8 k €587,5 k €688,1 k €667,2 k €523,9 k €184,1 k €
Cash878,3 k €915,9 k €766 k €709,2 k €640,4 k €513,9 k €399,5 k €520,8 k €652,5 k €573,2 k €421,7 k €139 k €
Debts122,7 k €172 k €129,4 k €68,5 k €71,6 k €55 k €110,9 k €95,9 k €69,4 k €84,9 k €49,5 k €54,6 k €
Other
Workforce5,7 ETP5,5 ETP3,3 ETP3,1 ETP3,3 ETP3,4 ETP3,8 ETP3,4 ETP3,5 ETP2,0 ETP2,0 ETP1,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 20 active · 193 ended

Active mandates

Jeromine Albertini

Director · since 06 février 2026 · until 20 mai 2026

Active
Francesca Cavezza

Director · since 26 novembre 2025 · until 30 juin 2027

Active
Adrian Daeppen

Director · since 25 novembre 2025 · until 30 juin 2027

Active
Silko Grimm

Director · since 15 octobre 2025 · until 30 juin 2027

Active
Aurela Shtiza

Vice-chairman of the board of directors · since 01 juillet 2025 · until 30 juin 2027

Active
Bart Goes

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Dorota Pawlucka

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Duncan Akopriaye

Trésorier · since 01 juillet 2025 · until 30 juin 2027

Active
Jean-Marc Sohier

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Jimenez Ignacio Martin

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Jussi Manninen

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Klaus Peters

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Koen Coppenholle

Vice-chairman of the board of directors · since 01 juillet 2025 · until 30 juin 2027

Active
Malgosia Rybak

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Mateo Pastur Romay

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Moe Havard L.

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Renaud Batier

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Servet Gören

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Thomas Bürgler

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Vedran Kujundzic

Chairman of the board of directors · since 01 juillet 2025 · until 30 juin 2027

Active

Ended mandates

Vedran Kujundzic

Chairman of the board of directors · since 01 mars 2025 · until 30 juin 2025

Ended
Thomas Bürgler

Director · since 23 octobre 2023 · until 23 octobre 2023

Ended
Thomas Bürgler

Director · since 23 octobre 2023 · until 30 juin 2025

Ended
Adriana Orejas

Director · since 31 mars 2023 · until 30 juin 2025

Ended
At this address

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CompanyCBE no.
AECCActive
0541.243.964
AED GVBF 1Active
1003.556.060
AED GVBF 10Active
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AED GVBF 2Active
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AED GVBF 3Active
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AED GVBF 4Active
1003.557.644
AED GVBF 5Active
1003.552.201
AED GVBF 6Active
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AED GVBF 7Active
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AED GVBF 8Active
1003.554.377
AED GVBF 9Active
1003.554.674
AEDIFICAActive
0877.248.501
AEDIFICA INVESTActive
0879.109.317
0800.817.746
0768.619.684
0424.052.821
0725.846.941
ASD-STANActive
0866.465.960
0408.290.816
0457.323.425
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 date09/06/202616/07/202516/07/202414/07/202308/07/202213/07/2021
General meeting27/05/202630/06/202519/06/202420/06/202310/06/202204/06/2021
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202527/05/202609/06/2026FrenchPDF
Abridged model31/12/202430/06/202516/07/2025FrenchPDF
Abridged modelCorrection31/12/202319/06/202411/06/2025FrenchPDF
Abridged model31/12/202319/06/202416/07/2024FrenchPDF
Abridged model31/12/202220/06/202314/07/2023FrenchPDF
Abridged model31/12/202110/06/202208/07/2022FrenchPDF
Abridged model31/12/202004/06/202113/07/2021FrenchPDF
Abridged model31/12/201904/08/202031/08/2020FrenchPDF
Abridged model31/12/201828/06/201902/09/2019FrenchPDF
Abridged model31/12/201715/06/201830/07/2018FrenchPDF
Abridged model31/12/201616/05/201714/08/2017FrenchPDF
Abridged model31/12/201502/05/201604/08/2017FrenchPDF
Abridged model31/12/201327/06/201407/10/2014FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 20 active · 193 ended

Active mandates

Jeromine Albertini

Director · since 06 février 2026 · until 20 mai 2026

Active
Francesca Cavezza

Director · since 26 novembre 2025 · until 30 juin 2027

Active
Adrian Daeppen

Director · since 25 novembre 2025 · until 30 juin 2027

Active
Silko Grimm

Director · since 15 octobre 2025 · until 30 juin 2027

Active
Aurela Shtiza

Vice-chairman of the board of directors · since 01 juillet 2025 · until 30 juin 2027

Active
Bart Goes

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Dorota Pawlucka

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Duncan Akopriaye

Trésorier · since 01 juillet 2025 · until 30 juin 2027

Active
Jean-Marc Sohier

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Jimenez Ignacio Martin

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Jussi Manninen

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Klaus Peters

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Koen Coppenholle

Vice-chairman of the board of directors · since 01 juillet 2025 · until 30 juin 2027

Active
Malgosia Rybak

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Mateo Pastur Romay

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Moe Havard L.

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Renaud Batier

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Servet Gören

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Thomas Bürgler

Director · since 01 juillet 2025 · until 30 juin 2027

Active
Vedran Kujundzic

Chairman of the board of directors · since 01 juillet 2025 · until 30 juin 2027

Active

Ended mandates

Vedran Kujundzic

Chairman of the board of directors · since 01 mars 2025 · until 30 juin 2025

Ended
Thomas Bürgler

Director · since 23 octobre 2023 · until 23 octobre 2023

Ended
Thomas Bürgler

Director · since 23 octobre 2023 · until 30 juin 2025

Ended
Adriana Orejas

Director · since 31 mars 2023 · until 30 juin 2025

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates19/03/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/08/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates15/02/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/09/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/07/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/04/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/09/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/07/2021
    DEMISSIONS, NOMINATIONS
    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 2025-30,3 k €
  2. 2024
    Annual accounts 202425,9 k €
  3. 2023
    Annual accounts 202318,3 k €
  4. 2022
    Annual accounts 202258,8 k €
  5. 2021
    Annual accounts 2021151,6 k €
  6. 2020
    Annual accounts 202099,4 k €
  7. 2019
    Annual accounts 2019-111,4 k €
  8. 2018
    Annual accounts 2018-94,2 k €
  9. 2017
    Annual accounts 201746 k €
  10. 2016
    Annual accounts 201654 k €
  11. 2015
    Annual accounts 201535,7 k €
  12. 2013
    Annual accounts 2013128,7 k €
  13. 04/09/2012
    IncorporationInternational non-profit organization