ACTIVE

SPIREA

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Financial year 2025 · Closed on 31/12/2025

Net result-41,3 k €+34,3 %over 1 year

Gross margin27,6 k €+188,3 %over 1 year

Equity528,7 k €-7,2 %over 1 year

Identity

Source · BCE/KBO

SPIREA is a Public limited company incorporated in 2004. Its registered office is in Grimbergen.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0863.477.766
Incorporation: 17/02/2004
Legal form: Public limited company
Registered office: Sint-Amandsstraat 93
1853 Grimbergen · FlandreSee on map
Contributed capital: 1 800 000,00 €
Latest accounts: 31/12/2025

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	27,6 k €	+188%	9,6 k €	-64.8%	27,2 k €	+24.3%	21,9 k €	-19.7%	27,3 k €
EBITDA	21,2 k €	+596%	3,1 k €	-85.4%	20,9 k €	+33.7%	15,6 k €	-26.0%	21,2 k €
Operating result	-40,9 k €	+34.6%	-62,5 k €	-50.2%	-41,6 k €	+11.2%	-46,9 k €	-25.0%	-37,5 k €
Net result	-41,3 k €	+34.3%	-62,8 k €	-49.7%	-42 k €	+12.5%	-48 k €	-22.1%	-39,3 k €
Balance sheet
Equity	528,7 k €	-7.2%	569,9 k €	-9.9%	632,8 k €	-6.2%	674,7 k €	-6.6%	722,7 k €
Total assets	532,2 k €	-6.9%	571,9 k €	-9.8%	634,1 k €	-6.1%	675,1 k €	-7.0%	726,1 k €
Cash	247 k €	+8.3%	228 k €	-5.9%	242,1 k €	+7.4%	225,4 k €	+27.2%	177,2 k €
Debts	3,5 k €	+80.5%	1,9 k €	+45.2%	1,3 k €	+302%	333,1 €	-90.1%	3,4 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cathérine Baines	Director29/06/2016 → 29/06/2028Managing director29/01/2004 → 2014 accountsended
Pierre Cigrang	Managing director29/01/2004 → 29/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jack Baines	Director29/01/2004 → 2015 accounts
Michel Cigrang	Director29/01/2004 → 2015 accounts

Other companies at this address

Sint-Amandsstraat 93 1853 Grimbergen

Company	CBE no.
ADELPHI● Active	0437.791.682
ALMARO● Active	0877.766.757
ALMARON● Active	0876.882.473
ARONA● Active	1042.523.435
BRAND WHITLOCK PROPERTY COMPANY● Active	0865.026.204
CdMZ● Active	0463.229.339
C.GEN● Active	0450.896.679
CLCC● Active	0544.748.535
C. Legal● Active	0880.195.222
CONSULTINVEST● Active	0440.428.104
PESSULUS● Active	0896.384.720
TRAXUS● Active	0879.223.737
TRILITHON● Active	0477.292.062

Full financial information

Source · NBB

	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	28/08/2026	29/07/2025	09/12/2024	31/08/2023	31/08/2022	31/08/2021
General meeting	24/06/2026	25/06/2025	26/06/2024	28/06/2023	29/06/2022	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	24/06/2026	28/08/2026	Dutch	PDF
Abridged model	31/12/2024	25/06/2025	29/07/2025	Dutch	PDF
Abridged model	31/12/2023	26/06/2024	09/12/2024	Dutch	PDF
Abridged model	31/12/2022	28/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	29/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	24/06/2020	27/07/2020	Dutch	PDF
Abridged model	31/12/2018	26/06/2019	14/08/2019	Dutch	PDF
Abridged model	31/12/2017	27/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	28/06/2017	17/08/2017	Dutch	PDF
Abridged model	31/12/2015	29/06/2016	01/08/2016	Dutch	PDF
Abridged model	31/12/2014	24/06/2015	14/08/2015	Dutch	PDF
Abridged model	31/12/2013	25/06/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	26/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	27/06/2012	21/08/2012	Dutch	PDF
Abridged model	31/12/2010	29/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	24/06/2009	03/07/2009	Dutch	PDF
Abridged model	31/12/2007	25/06/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	27/06/2007	13/08/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cathérine Baines	Director29/06/2016 → 29/06/2028Managing director29/01/2004 → 2014 accountsended
Pierre Cigrang	Managing director29/01/2004 → 29/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jack Baines	Director29/01/2004 → 2015 accounts
Michel Cigrang	Director29/01/2004 → 2015 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates18/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/06/2020
KAPITAAL - AANDELEN
PDF
Mandates24/11/2016
herbenoeming bestuurders
PDF
Registered office18/05/2016
verplaatsing maatschappelijke zetel
PDF
Other17/12/2013
Uittreksel uit de notulen van de Algemene Vergadering der aandeelhouders dd 30 juni 2010:
PDF
Mandates17/03/2004
ONTSLAGEN - BENOEMINGEN
PDF
Other24/02/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Cathérine Baines

Pierre Cigrang

Michel Cigrang

Jack Baines

2004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

SPIREA

Sint-Amandsstraat 93, 1853 Strombeek-Bever

DirectorManaging director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Sint-Amandsstraat 93, 1853 Strombeek-BeverCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00440125

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
SPIREACurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00440125

Events

2025
Annual accounts 2025-41,3 k €↑
2024
Annual accounts 2024-62,8 k €↓
2023
Annual accounts 2023-42 k €↑
2022
Annual accounts 2022-48 k €↓
2021
Annual accounts 2021-39,3 k €↑
2020
Annual accounts 2020-67,8 k €↑
2019
Annual accounts 2019-69,6 k €↑
2018
Annual accounts 2018-90,2 k €↓
2017
Annual accounts 2017-80,5 k €↓
2016
Annual accounts 2016-3,4 k €↑
2015
Annual accounts 2015-12,5 k €↑
2014
Annual accounts 2014-24,7 k €↑
2013
Annual accounts 2013-35 k €↑
2012
Annual accounts 2012-57,4 k €↑
2011
Annual accounts 2011-89,4 k €↓
2010
Annual accounts 2010-41 k €↑
2009
Annual accounts 2009-56,5 k €↑
2008
Annual accounts 2008-95,8 k €↓
2007
Annual accounts 2007-88,2 k €↓
2006
Annual accounts 2006-88 k €
17/02/2004
IncorporationPublic limited company

SPIREA

Overview

Identity

Financials

Valuation

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

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events