ACTIVE

Spine4G

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Financial year 2025 · closed on 31/12/2025

Net result

133,8 k €

-9.8% YoY

Gross margin

239,1 k €

-1.6% YoY

Equity

985 k €

+15.7% YoY

What does Spine4G do?

Spine4G is a Private limited company incorporated in 2003. Its main activity is: Specialist medical practice activities. Its registered office is in Vosselaar.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.392.851

Incorporation

24/12/2003

Legal form

Private limited company

Registered office

Galgeneindsepad 4
2350 Vosselaar · FlandreSee on map

Contributed capital

55 800,00 €

Latest accounts

31/12/2025

Activities (NACE)

86220Specialist medical practice activities· main 86220Specialist medical practice activities 72109Research and experimental development on natural sciences and engineering 72190Other research and experimental development on natural sciences and engineering

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	239,1 k €	-1.6%	242,9 k €	+0.8%	241 k €	-12.0%	273,7 k €	-5.6%	289,9 k €	+23.6%	234,6 k €	+8.0%	217,3 k €	-17.4%	263,1 k €	-4.7%	275,9 k €	+1.6%	271,7 k €	+1883%	-15,2 k €	-107%	204,1 k €	+10.2%	185,3 k €	+30.0%	142,6 k €	+2.0%	139,8 k €	-16.8%	168 k €	+2.5%	163,9 k €	-15.7%	194,5 k €
EBITDA	237,4 k €	-1.4%	240,8 k €	+0.7%	239,1 k €	-11.9%	271,5 k €	-5.0%	285,9 k €	+31.3%	217,7 k €	+8.1%	201,4 k €	-19.0%	248,5 k €	-4.4%	259,8 k €	+1.1%	256,9 k €	+1022%	-27,9 k €	-114%	193,4 k €	+12.3%	172,1 k €	+26.5%	136,1 k €	+0.8%	135 k €	-16.4%	161,4 k €	+21.6%	132,7 k €	+47.9%	89,8 k €
Operating result	193,8 k €	-5.6%	205,3 k €	-5.4%	216,9 k €	-15.0%	255,1 k €	-1.0%	257,6 k €	+64.5%	156,6 k €	+11.5%	140,4 k €	-24.5%	186 k €	-4.8%	195,3 k €	+1.8%	191,9 k €	+306%	-93,3 k €	-174%	126,9 k €	+18.8%	106,8 k €	+39.7%	76,4 k €	-7.3%	82,4 k €	-24.0%	108,4 k €	+48.6%	73 k €	+125%	32,4 k €
Net result	133,8 k €	-9.8%	148,4 k €	-2.0%	151,4 k €	-13.1%	174,3 k €	-1.2%	176,3 k €	+50.3%	117,3 k €	+22.9%	95,4 k €	+55.4%	61,4 k €	-46.5%	114,7 k €	+3.4%	111 k €	-67.2%	338,4 k €	+298%	85 k €	+21.1%	70,2 k €	+44.0%	48,7 k €	-2.4%	49,9 k €	-31.4%	72,8 k €	+44.9%	50,3 k €	+300%	12,6 k €
Balance sheet
Equity	985 k €	+15.7%	851,2 k €	-7.7%	921,8 k €	+19.7%	770,4 k €	+29.2%	596,2 k €	+110%	283,3 k €	-35.7%	440,5 k €	+27.7%	345 k €	+21.6%	283,6 k €	+67.9%	168,9 k €	+1059%	14,6 k €	-3.9%	15,2 k €	-0.1%	15,2 k €	+1.1%	15 k €	+5.0%	14,3 k €	-94.4%	254,3 k €	+40.1%	181,4 k €	+38.3%	131,2 k €
Total assets	1,3 M €	+5.7%	1,3 M €	+6.5%	1,2 M €	+6.7%	1,1 M €	+12.1%	983,3 k €	+105%	480,2 k €	-14.0%	558,1 k €	+9.9%	507,9 k €	-10.8%	569,2 k €	-14.1%	662,3 k €	+3.7%	638,5 k €	-37.0%	1 M €	+0.9%	1 M €	+0.7%	996,5 k €	-5.1%	1,1 M €	-18.6%	1,3 M €	+6.6%	1,2 M €	+2.8%	1,2 M €
Cash	125,9 k €	-59.6%	311,3 k €	+142%	128,7 k €	-74.3%	501,5 k €	+30.3%	384,8 k €	+150%	153,9 k €	+23.0%	125,1 k €	+166%	47 k €	-17.5%	57 k €	-73.5%	215,1 k €	+236%	64 k €	-87.4%	507,5 k €	+315%	122,2 k €	-71.2%	424,9 k €	+16.2%	365,6 k €	+9.7%	333,4 k €	+392%	67,8 k €	-45.0%	123,1 k €
Debts	340,1 k €	-15.4%	401,9 k €	+61.2%	249,3 k €	-24.9%	332,1 k €	-14.2%	387,1 k €	+105%	189,2 k €	+71.9%	110,1 k €	-31.6%	161 k €	-42.4%	279,3 k €	-42.9%	489 k €	-20.9%	618 k €	-10.7%	692,3 k €	+0.5%	688,7 k €	+1.1%	681,5 k €	-5.7%	722,7 k €	+1.8%	709,9 k €	+0.2%	708,2 k €	-4.9%	744,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 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 · 4 ended

Active mandates

Erwin VAN DAMME

Director · since 24 juin 2022

Active

Ended mandates

Erwin VAN DAMME

Director · since 26 juin 2013

Ended

Erwin VAN DAMME

Manager · since 26 juin 2013

Ended

Erwin Dr. VAN DAMME

Manager

Ended

Erwin VAN DAMME

Manager

Ended

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	07/07/2026	26/06/2025	31/07/2024	28/06/2023	01/06/2022	22/07/2021
General meeting	24/06/2026	25/06/2025	26/06/2024	28/06/2023	30/05/2022	30/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	24/06/2026	07/07/2026	Dutch	PDF
Micro model	31/12/2024	25/06/2025	26/06/2025	Dutch	PDF
Micro model	31/12/2023	26/06/2024	31/07/2024	Dutch	PDF
Micro model	31/12/2022	28/06/2023	28/06/2023	Dutch	PDF
Micro model	31/12/2021	30/05/2022	01/06/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	22/07/2021	Dutch	PDF
Micro model	31/12/2019	15/06/2020	16/06/2020	Dutch	PDF
Micro model	31/12/2018	26/06/2019	10/07/2019	Dutch	PDF
Micro model	31/12/2017	16/04/2018	15/05/2018	Dutch	PDF
Micro model	31/12/2016	28/06/2017	27/07/2017	Dutch	PDF
Abridged model	31/12/2015	29/06/2016	04/07/2016	Dutch	PDF
Abridged model	31/12/2014	24/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	03/06/2014	Dutch	PDF
Abridged model	31/12/2012	26/06/2013	05/07/2013	Dutch	PDF
Abridged model	31/12/2011	20/04/2012	27/04/2012	Dutch	PDF
Abridged model	31/12/2010	09/05/2011	17/05/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	30/06/2010	Dutch	PDF
Abridged model	31/12/2008	24/06/2009	09/07/2009	Dutch	PDF
Abridged model	31/12/2007	25/06/2008	30/07/2008	Dutch	PDF
Abridged model	31/12/2006	27/06/2007	23/07/2007	Dutch	PDF

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 · 4 ended

Active mandates

Erwin VAN DAMME

Director · since 24 juin 2022

Active

Ended mandates

Erwin VAN DAMME

Director · since 26 juin 2013

Ended

Erwin VAN DAMME

Manager · since 26 juin 2013

Ended

Erwin Dr. VAN DAMME

Manager

Ended

Erwin VAN DAMME

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/07/2022
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/07/2014
KAPITAALVERHOGING - STATUTENWIJZIGING
PDF
Mandates22/08/2013
Herbenoeming zaakvoerder
PDF
Other20/08/2004
DIVERSEN
PDF
Capital / shares11/06/2004
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other06/01/2004
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 2025133,8 k €↓
2024
Annual accounts 2024148,4 k €↓
2023
Annual accounts 2023151,4 k €↓
2022
Annual accounts 2022174,3 k €↓
2022
Name changeSpine4G
2021
Annual accounts 2021176,3 k €↑
2018
Annual accounts 2018117,3 k €↑
2017
Annual accounts 201795,4 k €↑
2016
Annual accounts 201661,4 k €↓
2015
Annual accounts 2015114,7 k €↑
2014
Annual accounts 2014111 k €↓
2013
Annual accounts 2013338,4 k €↑
2012
Annual accounts 201285 k €↑
2011
Annual accounts 201170,2 k €↑
2010
Annual accounts 201048,7 k €↓
2009
Annual accounts 200949,9 k €↓
2008
Annual accounts 200872,8 k €↑
2007
Annual accounts 200750,3 k €↑
2006
Annual accounts 200612,6 k €
2006
Name changeDOKTER E. VAN DAMME
24/12/2003
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

Spine4G

Overview

What does Spine4G 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