ACTIVE

DE SPIEGELEER

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Financial year 2025 · closed on 31/12/2025

Net result

52,5 k €

+20.3% YoY

Gross margin

462,8 k €

+16.1% YoY

Equity

214,5 k €

-27.9% YoY

Workforce

10,3 ETP

+9.6% YoY

What does DE SPIEGELEER do?

DE SPIEGELEER is a Private company with limited liability incorporated in 2003. Its registered office is in Anderlecht. It employs on average 10,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.536.875

Incorporation

06/11/2003

Legal form

Private company with limited liability

Registered office

Square de La Fraternelle 2-3
1070 Anderlecht · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

10,3 ETP

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	462,8 k €	+16.1%	398,8 k €	-5.3%	421,2 k €	+23.4%	341,2 k €	+0.1%	341 k €	-1.5%	346,2 k €	+12.5%	307,8 k €	+8.5%	283,8 k €	-7.6%	307,3 k €	+11.6%	275,2 k €	+2.4%	268,8 k €	+3.1%	260,6 k €	-7.6%	281,9 k €	+3.4%	272,7 k €	+3.0%	264,7 k €	-7.1%	285,1 k €	-6.3%	304,4 k €	-2.8%	313,3 k €
EBITDA	149 k €	+16.6%	127,8 k €	+2.3%	125 k €	+54.7%	80,8 k €	+4.6%	77,2 k €	-15.1%	91 k €	+73.0%	52,6 k €	-4.1%	54,9 k €	-43.3%	96,8 k €	+61.5%	59,9 k €	-5.4%	63,4 k €	-7.7%	68,7 k €	-4.7%	72,1 k €	+3.0%	70 k €	+0.1%	69,9 k €	+8.5%	64,4 k €	-24.6%	85,4 k €	+9.5%	78 k €
Operating result	83,7 k €	+20.3%	69,6 k €	-5.5%	73,6 k €	+44.9%	50,8 k €	+10.0%	46,2 k €	-26.9%	63,2 k €	+285%	16,4 k €	-14.3%	19,2 k €	-70.3%	64,4 k €	+75.0%	36,8 k €	-9.3%	40,6 k €	-19.9%	50,7 k €	-2.9%	52,2 k €	+7.4%	48,6 k €	+24.6%	39 k €	+24.7%	31,3 k €	-11.6%	35,4 k €	+29.2%	27,4 k €
Net result	52,5 k €	+20.3%	43,6 k €	-0.2%	43,7 k €	+3.9%	42,1 k €	+14.6%	36,7 k €	+3.1%	35,6 k €	+277%	9,4 k €	-36.3%	14,8 k €	-55.2%	33,1 k €	+88.9%	17,5 k €	-22.1%	22,5 k €	-29.6%	31,9 k €	+6.4%	30 k €	-22.0%	38,4 k €	+35.6%	28,4 k €	+95.1%	14,5 k €	-16.9%	17,5 k €	+634%	-3,3 k €
Balance sheet
Equity	214,5 k €	-27.9%	297,3 k €	+13.0%	263,1 k €	+12.3%	234,2 k €	+2.8%	227,7 k €	+3.0%	221 k €	-10.1%	245,8 k €	-7.7%	266,4 k €	+5.9%	251,6 k €	+15.1%	218,5 k €	+1.2%	216 k €	+11.6%	193,5 k €	+19.8%	161,6 k €	+20.6%	134 k €	+24.6%	107,5 k €	+31.8%	81,6 k €	+21.7%	67,1 k €	+34.1%	50 k €
Total assets	773,9 k €	-4.8%	813,1 k €	+12.1%	725,2 k €	+15.0%	630,4 k €	-8.6%	690 k €	+53.0%	450,9 k €	+5.0%	429,3 k €	-7.8%	465,9 k €	+10.2%	422,7 k €	+13.4%	372,7 k €	-8.3%	406,4 k €	+25.4%	324 k €	+2.0%	317,5 k €	+1.1%	314 k €	-12.6%	359,2 k €	+5.7%	339,8 k €	-0.6%	341,7 k €	+0.7%	339,3 k €
Cash	230,3 k €	+21.8%	189 k €	-9.5%	208,8 k €	+177%	75,3 k €	-16.6%	90,2 k €	-56.9%	209,3 k €	+38.6%	151 k €	-6.1%	160,7 k €	+10.4%	145,6 k €	+11.9%	130,1 k €	-13.9%	151,2 k €	+21.4%	124,5 k €	+0.4%	124 k €	+23.5%	100,4 k €	-8.4%	109,5 k €	+159%	42,3 k €	-12.7%	48,5 k €	-47.8%	92,9 k €
Debts	557,7 k €	+8.5%	514 k €	+11.7%	460,2 k €	+16.2%	396,2 k €	-14.0%	460,5 k €	+100%	229,9 k €	+25.3%	183,5 k €	-8.0%	199,5 k €	+16.6%	171,1 k €	+11.0%	154,2 k €	-19.0%	190,5 k €	+45.9%	130,5 k €	-16.3%	156 k €	-13.4%	180 k €	-28.5%	251,6 k €	-2.4%	257,8 k €	-6.1%	274,6 k €	-5.1%	289,3 k €
Other
Workforce	10,3 ETP	+9.6%	9,4 ETP	+19.0%	7,9 ETP	-2.5%	8,1 ETP	-4.7%	8,5 ETP	-2.3%	8,7 ETP	-8.4%	9,5 ETP	+20.3%	7,9 ETP	0.0%	7,9 ETP	+17.9%	6,7 ETP	+6.3%	6,3 ETP	+16.7%	5,4 ETP	-14.3%	6,3 ETP	0.0%	6,3 ETP	-11.3%	7,1 ETP	-11.3%	8,0 ETP	-13.0%	9,2 ETP	+21.1%	7,6 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 · 3 active · 2 ended

Active mandates

Alain De Spiegeleer

Associate

Active

Magali De Spiegeleer

Associate

Active

Sederic De Spiegeleer

Associate

Active

Ended mandates

Frans De Spiegeleer

Director

Ended

Frans De Spiegeleer

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	31/07/2026	30/09/2025	30/08/2024	07/04/2023	13/05/2022	09/07/2021
General meeting	30/06/2026	29/09/2025	30/07/2024	03/04/2023	28/04/2022	25/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	31/07/2026	Dutch	PDF
Abridged model	31/12/2024	29/09/2025	30/09/2025	Dutch	PDF
Abridged model	31/12/2023	30/07/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	03/04/2023	07/04/2023	Dutch	PDF
Abridged model	31/12/2021	28/04/2022	13/05/2022	Dutch	PDF
Abridged model	31/12/2020	25/05/2021	09/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/05/2020	10/07/2020	Dutch	PDF
Abridged model	31/12/2018	27/05/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	28/05/2018	25/07/2018	Dutch	PDF
Abridged model	31/12/2016	22/05/2017	31/05/2017	Dutch	PDF
Abridged model	31/12/2015	23/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	27/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	30/09/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	23/05/2011	09/06/2011	Dutch	PDF
Abridged model	31/12/2009	25/05/2010	23/06/2010	Dutch	PDF
Abridged model	31/12/2008	25/05/2009	28/09/2009	Dutch	PDF
Abridged model	31/12/2007	26/05/2008	21/08/2008	Dutch	PDF
Abridged model	31/12/2006	28/05/2007	27/08/2007	Dutch	PDF

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 · 3 active · 2 ended

Active mandates

Alain De Spiegeleer

Associate

Active

Magali De Spiegeleer

Associate

Active

Sederic De Spiegeleer

Associate

Active

Ended mandates

Frans De Spiegeleer

Director

Ended

Frans De Spiegeleer

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other14/11/2003
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 202552,5 k €↑
2024
Annual accounts 202443,6 k €↓
2023
Annual accounts 202343,7 k €↑
2022
Annual accounts 202242,1 k €↑
2021
Annual accounts 202136,7 k €↑
2020
Annual accounts 202035,6 k €↑
2019
Annual accounts 20199,4 k €↓
2018
Annual accounts 201814,8 k €↓
2017
Annual accounts 201733,1 k €↑
2016
Annual accounts 201617,5 k €↓
2015
Annual accounts 201522,5 k €↓
2014
Annual accounts 201431,9 k €↑
2013
Annual accounts 201330 k €↓
2012
Annual accounts 201238,4 k €↑
2011
Annual accounts 201128,4 k €↑
2010
Annual accounts 201014,5 k €↓
2009
Annual accounts 200917,5 k €↑
2008
Annual accounts 2008-3,3 k €
06/11/2003
IncorporationPrivate company with limited liability

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

DE SPIEGELEER

Overview

What does DE SPIEGELEER do?

Trend over 18 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