ACTIVE

SPEGELAERE MANAGEMENT

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Financial year 2025 · closed on 31/03/2025

Net result

405 k €

-18.6% YoY

Gross margin

795 k €

-9.6% YoY

Equity

3 M €

+15.5% YoY

What does SPEGELAERE MANAGEMENT do?

SPEGELAERE MANAGEMENT is a Private limited company incorporated in 2005. Its main activity is: Management consultancy activities. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0871.111.666

Incorporation

11/01/2005

Legal form

Private limited company

Registered office

Heistlaan 386
8301 Knokke-Heist · FlandreSee on map

Contributed capital

870 685,27 €

Latest accounts

31/03/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2012		2011		2010		2008		2007		2006
Income statement
Gross margin	795 k €	-9.6%	879,6 k €	+91.2%	459,9 k €	+31.0%	351,2 k €	-21.5%	447,3 k €	+87.7%	238,3 k €	+0.1%	238,1 k €	-20.9%	301 k €	+43.8%	209,4 k €	-21.7%	267,5 k €	-0.6%	269,2 k €	+96.0%	137,3 k €	-26.3%	186,4 k €	-35.2%	287,9 k €	+1355%	19,8 k €	-37.0%	31,4 k €	+42.0%	22,1 k €
EBITDA	789,8 k €	-9.7%	874,5 k €	+92.4%	454,5 k €	+30.8%	347,4 k €	-34.4%	529,9 k €	+1592%	-35,5 k €	-117%	204,9 k €	-30.4%	294,5 k €	+32.7%	221,9 k €	+21.5%	182,7 k €	-30.9%	264,5 k €	+99.1%	132,8 k €	-27.0%	182 k €	-33.7%	274,7 k €	+1408%	18,2 k €	-39.1%	29,9 k €	+69.1%	17,7 k €
Operating result	665,8 k €	-17.0%	802 k €	+108%	385,1 k €	+40.2%	274,6 k €	-42.2%	474,8 k €	+614%	-92,5 k €	-171%	130,9 k €	-19.0%	161,7 k €	+84.5%	87,6 k €	-21.1%	111,1 k €	-7.5%	120,1 k €	+109%	57,4 k €	-50.7%	116,6 k €	+386%	24 k €	+731%	2,9 k €	-80.7%	15 k €	+252%	-9,9 k €
Net result	405 k €	-18.6%	497,4 k €	-8.4%	542,8 k €	+85.9%	292 k €	-9.6%	323,2 k €	+353%	-127,9 k €	-296%	65,2 k €	+6.5%	61,2 k €	+68.8%	36,3 k €	-37.1%	57,7 k €	+23.1%	46,8 k €	+612%	6,6 k €	-89.1%	60,1 k €	+378%	-21,6 k €	-100%	-10,8 k €	-368%	4 k €	+119%	-20,7 k €
Balance sheet
Equity	3 M €	+15.5%	2,6 M €	+23.6%	2,1 M €	+34.7%	1,6 M €	-24.1%	2,1 M €	+16.2%	1,8 M €	-6.7%	1,9 M €	+1.6%	1,9 M €	+1711%	103,6 k €	+0.3%	103,3 k €	+37.9%	74,9 k €	+41.2%	53,1 k €	+14.2%	46,5 k €	+441%	-13,6 k €	-868%	1,8 k €	-85.9%	12,6 k €	+47.1%	8,5 k €
Total assets	4,4 M €	+7.5%	4,1 M €	+12.9%	3,6 M €	+14.7%	3,2 M €	+6.0%	3 M €	-17.5%	3,6 M €	-6.0%	3,8 M €	-3.4%	4 M €	+94.5%	2 M €	+24.0%	1,6 M €	+11.2%	1,5 M €	+12.1%	1,3 M €	+0.3%	1,3 M €	-4.7%	1,4 M €	+445%	253,8 k €	-6.9%	272,7 k €	+0.4%	271,5 k €
Cash	1,1 M €	+104%	542,9 k €	+12.3%	483,4 k €	+105%	236,4 k €	+9.2%	216,5 k €	+169%	80,4 k €	+2.0%	78,8 k €	-28.1%	109,6 k €	-34.8%	168 k €	-34.7%	257,2 k €	+407%	50,7 k €	+520%	8,2 k €	+1.2%	8,1 k €	-55.5%	18,2 k €	+9.8%	16,6 k €	-26.3%	22,5 k €	+758%	2,6 k €
Debts	1,3 M €	-7.5%	1,4 M €	-2.8%	1,5 M €	-5.3%	1,6 M €	+72.9%	898 k €	-48.1%	1,7 M €	-5.3%	1,8 M €	-8.9%	2 M €	+7.1%	1,9 M €	+28.5%	1,5 M €	+4.0%	1,4 M €	+11.1%	1,3 M €	-0.2%	1,3 M €	-8.4%	1,4 M €	+458%	246,9 k €	-2.9%	254,4 k €	+1.4%	250,7 k €
Other
Workforce	–		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 3 ended

Active mandates

Frederik Spegelaere

Director · since 29 décembre 2004

Active

Ended mandates

Frederik Spegelaere

Director

Ended

Frederik Spegelaere

Manager

Ended

Hubert Spegelaere

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Spegelaere - Demeyer● Active	0726.557.120

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/10/2025	22/10/2024	31/10/2023	05/10/2022	29/10/2021	30/11/2020
General meeting	19/09/2025	20/09/2024	15/09/2023	16/09/2022	17/09/2021	18/09/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	19/09/2025	27/10/2025	Dutch	PDF
Abridged model	31/03/2024	20/09/2024	22/10/2024	Dutch	PDF
Abridged model	31/03/2023	15/09/2023	31/10/2023	Dutch	PDF
Abridged model	31/03/2022	16/09/2022	05/10/2022	Dutch	PDF
Abridged model	31/03/2021	17/09/2021	29/10/2021	Dutch	PDF
Abridged model	31/03/2020	18/09/2020	30/11/2020	Dutch	PDF
Abridged model	31/03/2019	20/09/2019	30/10/2019	Dutch	PDF
Micro model	31/03/2018	21/09/2018	31/10/2018	Dutch	PDF
Micro model	31/03/2017	15/09/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	16/09/2016	28/10/2016	Dutch	PDF
Abridged model	31/03/2015	18/09/2015	30/09/2015	Dutch	PDF
Abridged model	31/03/2014	19/09/2014	29/09/2014	Dutch	PDF
Abridged model	30/09/2012	15/03/2013	23/04/2013	Dutch	PDF
Abridged model	30/09/2011	16/03/2012	02/05/2012	Dutch	PDF
Abridged model	30/09/2010	18/03/2011	13/04/2011	Dutch	PDF
Abridged model	31/12/2008	20/06/2009	23/07/2009	Dutch	PDF
Abridged model	31/12/2007	21/06/2008	23/07/2008	Dutch	PDF
Abridged model	31/12/2006	16/06/2007	21/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/03/2025 · 1 active · 3 ended

Active mandates

Frederik Spegelaere

Director · since 29 décembre 2004

Active

Ended mandates

Frederik Spegelaere

Director

Ended

Frederik Spegelaere

Manager

Ended

Hubert Spegelaere

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/06/2021
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/12/2016
KAPITAAL - AANDELEN
PDF
Other11/09/2013
ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates29/07/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other26/07/2010
BOEKJAAR
PDF
Other22/01/2010
ALGEMENE VERGADERING - BOEKJAAR
PDF
Other20/01/2005
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 2025405 k €↓
2024
Annual accounts 2024497,4 k €↓
2023
Annual accounts 2023542,8 k €↑
2022
Annual accounts 2022292 k €↓
2020
Annual accounts 2020323,2 k €↑
2019
Annual accounts 2019-127,9 k €↓
2018
Annual accounts 201865,2 k €↑
2017
Annual accounts 201761,2 k €↑
2016
Annual accounts 201636,3 k €↓
2015
Annual accounts 201557,7 k €↑
2014
Annual accounts 201446,8 k €↑
2012
Annual accounts 20126,6 k €↓
2011
Annual accounts 201160,1 k €↑
2010
Annual accounts 2010-21,6 k €↓
2008
Annual accounts 2008-10,8 k €↓
2007
Annual accounts 20074 k €↑
2006
Annual accounts 2006-20,7 k €
11/01/2005
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

SPEGELAERE MANAGEMENT

Overview

What does SPEGELAERE MANAGEMENT do?

Trend over 17 financial years

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