ACTIVE

SPINE CONCEPT

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Financial year 2025 · closed on 31/12/2025
Net result
87,5 k €
-29.9% YoY
Gross margin
164,4 k €
-21.3% YoY
Equity
1,6 M €
+5.7% YoY

What does SPINE CONCEPT do?

SPINE CONCEPT is a Private company with limited liability incorporated in 2012. Its main activity is: Other retail sale of new goods in specialised stores. Its registered office is in Esneux.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0849.185.708
Incorporation
02/10/2012
Legal form
Private company with limited liability
Registered office
Avenue des Bois 2
4130 Esneux · WallonieSee on map
Contributed capital
20 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
47789Other retail sale of new goods in specialised stores· main47789Other retail sale of new goods in specialised stores68100Buying and selling of own real estate68110Buying and selling of own real estate
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin164,4 k €209,0 k €245,6 k €214,3 k €186,4 k €539,2 k €287,4 k €442,0 k €395,2 k €369,3 k €296,0 k €347,8 k €56,7 k €
EBITDA157,4 k €200,5 k €221,9 k €192,4 k €172,5 k €516,0 k €245,8 k €424,4 k €373,9 k €310,5 k €213,8 k €293,3 k €56,7 k €
Operating result120,2 k €165,9 k €190,2 k €151,9 k €139,3 k €489,6 k €167,2 k €350,4 k €309,6 k €278,8 k €203,9 k €280,8 k €53,7 k €
Net result87,5 k €124,8 k €128,9 k €119,7 k €108,3 k €373,2 k €125,3 k €229,8 k €184,8 k €182,7 k €143,8 k €184,6 k €35,6 k €
Balance sheet
Equity1,6 M €1,5 M €1,4 M €1,5 M €1,6 M €1,5 M €1,1 M €981,3 k €751,5 k €566,7 k €384,0 k €240,2 k €55,6 k €
Total assets1,9 M €1,8 M €1,7 M €1,7 M €1,6 M €1,5 M €1,4 M €1,0 M €839,2 k €706,9 k €505,8 k €381,0 k €147,7 k €
Cash79,8 k €116,1 k €671,1 k €835,5 k €620,6 k €837,2 k €251,0 k €318,2 k €164,2 k €192,0 k €57,4 k €131,8 k €42,4 k €
Debts253,0 k €238,0 k €274,5 k €220,6 k €28,5 k €29,6 k €257,7 k €58,1 k €87,7 k €140,2 k €121,7 k €140,8 k €92,1 k €
Other
Workforce––––––––––1,0 ETP0,8 ETP–
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

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

Active mandates

Luc BAS

Director

Active

Ended mandates

Luc BAS

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date31/07/202630/06/202530/10/202406/07/202324/06/202209/07/2021
General meeting30/06/202606/06/202528/06/202423/06/202303/06/202225/06/2021
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/06/202631/07/2026FrenchPDF
Micro model31/12/202406/06/202530/06/2025FrenchPDF
Micro model31/12/202328/06/202430/10/2024FrenchPDF
Micro model31/12/202223/06/202306/07/2023FrenchPDF
Micro model31/12/202103/06/202224/06/2022FrenchPDF
Micro model31/12/202025/06/202109/07/2021FrenchPDF
Micro model31/12/201931/08/202007/09/2020FrenchPDF
Micro model31/12/201807/06/201917/06/2019FrenchPDF
Micro model31/12/201701/06/201824/08/2018FrenchPDF
Micro model31/12/201602/06/201722/08/2017FrenchPDF
Abridged model31/12/201503/06/201625/08/2016FrenchPDF
Abridged model31/12/201405/06/201523/07/2015FrenchPDF
Abridged model31/12/201306/06/201425/08/2014FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 1 ended

Active mandates

Luc BAS

Director

Active

Ended mandates

Luc BAS

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office08/11/2013
    SIEGE SOCIAL
    PDF
  • Other11/10/2012
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 202587,5 k €↓
  2. 2024
    Annual accounts 2024124,8 k €↓
  3. 2023
    Annual accounts 2023128,9 k €↑
  4. 2022
    Annual accounts 2022119,7 k €↑
  5. 2021
    Annual accounts 2021108,3 k €↓
  6. 2020
    Annual accounts 2020373,2 k €↑
  7. 2019
    Annual accounts 2019125,3 k €↓
  8. 2018
    Annual accounts 2018229,8 k €↑
  9. 2017
    Annual accounts 2017184,8 k €↑
  10. 2016
    Annual accounts 2016182,7 k €↑
  11. 2015
    Annual accounts 2015143,8 k €↓
  12. 2014
    Annual accounts 2014184,6 k €↑
  13. 2013
    Annual accounts 201335,6 k €
  14. 02/10/2012
    IncorporationPrivate company with limited liability