ACTIVE

Dr. Spaepen

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Financial year 2025 · closed on 31/12/2025

Net result

166,8 k €

+7.2% YoY

Gross margin

254,7 k €

+11.6% YoY

Equity

860,1 k €

-29.8% YoY

What does Dr. Spaepen do?

Dr. Spaepen is a Private limited company incorporated in 2007. Its main activity is: Specialist medical practice activities. Its registered office is in Hulshout.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0894.003.864

Incorporation

06/12/2007

Legal form

Private limited company

Registered office

Ramselsesteenweg 42
2235 Hulshout · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

86220Specialist medical practice activities· main 86220Specialist medical practice activities 86210General medical practice activities 86210General medical practice activities

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		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	254,7 k €	+11.6%	228,1 k €	+0.8%	226,2 k €	-23.6%	296 k €	+32.5%	223,4 k €	+8.8%	205,3 k €	+2.7%	199,8 k €	-4.8%	209,9 k €	-5.1%	221,1 k €	+34.4%	164,5 k €	-24.8%	218,7 k €	+22.3%	178,8 k €	-5.3%	188,8 k €	+79.2%	105,4 k €	-27.9%	146,2 k €	+66.2%	88 k €	+27.4%	69,1 k €	+12.7%	61,3 k €
EBITDA	251,7 k €	+11.3%	226,2 k €	+1.1%	223,7 k €	-23.2%	291,3 k €	+32.1%	220,6 k €	+9.5%	201,4 k €	+2.2%	197,1 k €	-5.2%	207,9 k €	-4.9%	218,6 k €	+35.7%	161,1 k €	-25.4%	216 k €	+22.6%	176,1 k €	-5.1%	185,6 k €	+80.3%	103 k €	-28.9%	144,9 k €	+71.1%	84,7 k €	+28.2%	66 k €	+17.1%	56,4 k €
Operating result	231,8 k €	+12.4%	206,2 k €	+1.3%	203,5 k €	-27.4%	280,1 k €	+39.6%	200,7 k €	+10.4%	181,8 k €	+2.2%	177,9 k €	-6.5%	190,3 k €	+20.7%	157,6 k €	+43.3%	110 k €	-33.4%	165,2 k €	+31.9%	125,2 k €	-7.1%	134,8 k €	+123%	60,3 k €	-41.5%	103,1 k €	+140%	43 k €	+76.4%	24,4 k €	+117%	11,3 k €
Net result	166,8 k €	+7.2%	155,5 k €	-0.2%	155,9 k €	-25.2%	208,4 k €	+42.8%	146 k €	+8.7%	134,4 k €	+9.2%	123 k €	-3.9%	128 k €	+31.1%	97,7 k €	+23.2%	79,3 k €	-25.9%	106,9 k €	+18.6%	90,1 k €	+5.3%	85,6 k €	+75.4%	48,8 k €	-17.6%	59,2 k €	+656%	7,8 k €	+1089%	659 €	+30.0%	507 €
Balance sheet
Equity	860,1 k €	-29.8%	1,2 M €	+14.6%	1,1 M €	-1.8%	1,1 M €	+23.7%	880,6 k €	-9.6%	974,3 k €	+16.0%	840 k €	+17.2%	717 k €	+21.7%	589 k €	+19.9%	491,3 k €	+19.2%	412 k €	+35.0%	305,1 k €	+41.9%	215 k €	+66.1%	129,4 k €	+60.5%	80,6 k €	+277%	21,4 k €	+57.8%	13,6 k €	+5.1%	12,9 k €
Total assets	887 k €	-31.0%	1,3 M €	+9.3%	1,2 M €	-2.5%	1,2 M €	+32.0%	913,7 k €	-10.0%	1 M €	+7.1%	948,5 k €	+11.2%	853,2 k €	+21.5%	702,1 k €	+24.2%	565,1 k €	+18.5%	476,8 k €	+16.3%	409,8 k €	+21.2%	338,1 k €	+12.4%	300,8 k €	+9.0%	275,8 k €	-5.1%	290,7 k €	-14.6%	340,3 k €	-26.0%	460 k €
Cash	64 k €	+59.8%	40 k €	-69.9%	132,9 k €	+192%	45,4 k €	-82.2%	255,8 k €	+26.9%	201,5 k €	+20.7%	166,9 k €	+0.0%	166,9 k €	+92.0%	86,9 k €	+21.0%	71,8 k €	+78.3%	40,3 k €	-23.1%	52,4 k €	+162%	20 k €	-42.5%	34,8 k €	+90.9%	18,2 k €	+73.3%	10,5 k €	-33.3%	15,8 k €	+303%	3,9 k €
Debts	26,8 k €	-55.7%	60,6 k €	-43.5%	107,2 k €	-8.7%	117,4 k €	+254%	33,1 k €	-19.5%	41,2 k €	-62.1%	108,5 k €	-20.4%	136,2 k €	+20.5%	113,1 k €	+53.3%	73,8 k €	+14.3%	64,6 k €	-38.3%	104,7 k €	-15.0%	123,1 k €	-28.2%	171,4 k €	-12.2%	195,2 k €	-27.5%	269,3 k €	-17.6%	326,8 k €	-26.9%	447,1 k €

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 · 2 active · 2 ended

Active mandates

Marijke Spaepen

Director · since 28 février 2024

Active

Walter Spaepen

Director · since 23 novembre 2007

Active

Ended mandates

Walter Spaepen

Director

Ended

WALTER SPAEPEN

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged 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	23/06/2026	24/07/2025	29/08/2024	01/09/2023	10/08/2022	23/08/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	19/06/2026	23/06/2026	Dutch	PDF
Micro model	31/12/2024	20/06/2025	24/07/2025	Dutch	PDF
Micro model	31/12/2023	21/06/2024	29/08/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	01/09/2023	Dutch	PDF
Micro model	31/12/2021	17/06/2022	10/08/2022	Dutch	PDF
Micro model	31/12/2020	18/06/2021	23/08/2021	Dutch	PDF
Micro model	31/12/2019	19/06/2020	14/08/2020	Dutch	PDF
Micro model	31/12/2018	21/06/2019	29/08/2019	Dutch	PDF
Micro model	31/12/2017	15/06/2018	27/08/2018	Dutch	PDF
Micro model	31/12/2016	16/06/2017	17/07/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	06/08/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	22/08/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	05/08/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	16/08/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	19/08/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	12/08/2009	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 · 2 active · 2 ended

Active mandates

Marijke Spaepen

Director · since 28 février 2024

Active

Walter Spaepen

Director · since 23 novembre 2007

Active

Ended mandates

Walter Spaepen

Director

Ended

WALTER SPAEPEN

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office18/05/2021
MAATSCHAPPELIJKE ZETEL
PDF
Other04/12/2008
DIVERSEN
PDF
Other14/12/2007
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 2025166,8 k €↑
2024
Annual accounts 2024155,5 k €↓
2023
Annual accounts 2023155,9 k €↓
2022
Annual accounts 2022208,4 k €↑
2021
Annual accounts 2021146 k €↑
2020
Annual accounts 2020134,4 k €↑
2019
Annual accounts 2019123 k €↓
2018
Annual accounts 2018128 k €↑
2017
Annual accounts 201797,7 k €↑
2016
Annual accounts 201679,3 k €↓
2015
Annual accounts 2015106,9 k €↑
2014
Annual accounts 201490,1 k €↑
2013
Annual accounts 201385,6 k €↑
2012
Annual accounts 201248,8 k €↓
2011
Annual accounts 201159,2 k €↑
2010
Annual accounts 20107,8 k €↑
2009
Annual accounts 2009659 €↑
2008
Annual accounts 2008507 €
06/12/2007
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

Dr. Spaepen

Overview

What does Dr. Spaepen 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