SPI is a public authority in Liège. Cooperative, started on 13 November 1968, 1 establishment.

What is the address of SPI?

The registered office of SPI is located at Rue du Vertbois 11, 4000 Liège.

Yes. According to the CBE (29 October 2026) SPI is active, legal situation “Normale toestand”, started on 13 November 1968.

Is SPI registered on Peppol?

Yes, SPI is registered on the Peppol network with ID 0208:0204259135.

What is the enterprise number of SPI?

The enterprise number of SPI is BE0204259135.

When was SPI founded?

SPI was founded on 13 November 1968.

Who are the directors of SPI?

According to the 2025 annual accounts, the directors of SPI are: Julie CHANSON, Eric CALLUT, René DELCOURT, Sandrina GAILLARD, Christian BAGUETTE, Eric HAUTPHENNE, Vincent MOYSE, Nicole MARECHAL.

Is SPI a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 13 November 1968; 5 annual accounts filed, latest fiscal year 2025; 33 directors known from the annual account.

How much profit did SPI make in 2025?

SPI recorded a loss after taxes of € 289,708 in financial year 2025.

What is the revenue of SPI?

In its most recent annual accounts (2025), SPI reported revenue of € 20,760,649.

How much does an employee at SPI earn?

The average wage cost per full-time employee at SPI was € 119,100 in 2025: staff costs of € 12.5 million for 105.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does SPI have?

According to the 2025 annual accounts, SPI has 105.2 full-time equivalents (FTE).

SPI (Cooperative) - Liège - BE0204259135

Dossier SPI, printed on 29 October 2026 from databakkes.be/en/0204259135/spi. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.
Busy address KBO

15 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

SPI from Liège, company number BE0204259135, closed financial year 2025 with a result of € -289,708 after tax. For that financial year SPI recorded revenue of € 20.8 million and equity of € 221.4 million. Compared with financial year 2024, the result moved from € -76,518 to € -289,708. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.

What it is worth Growing

€ 221.4 million

▲ 7% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -289,708

▼ 279 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 40.6 million

▲ 168% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 38.9 million.

People and assets in 2025

Full-time equivalents

105.2

▲ 0.2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 2.4 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 12.5 million

▲ 3% vs 2024

€ 119,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 287,626

▲ 55% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 9 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 141.4 million

▲ 12% vs 2024

€ 16 million is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.

Owed to suppliers

€ 3.1 million

▼ 17% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 39 days on average.

Taxes and wages

€ 2.3 million

▼ 3% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 13,820,725 Revenue 2022: € 13,820,725 First fiscal year in the series	€ 10,831,079 Revenue 2023: € 10,831,079 ▼ 22% vs 2022 (€ 13,820,725) Unfavourable step	€ 27,040,503 Revenue 2024: € 27,040,503 ▲ 150% vs 2023 (€ 10,831,079) Favourable step	€ 20,760,649 Revenue 2025: € 20,760,649 ▼ 23% vs 2024 (€ 27,040,503) Unfavourable step	▼ 23%
Profit after taxes	€ -2,445,853 Profit after taxes 2022: € -2,445,853 First fiscal year in the series	€ -1,651,070 Profit after taxes 2023: € -1,651,070 ▲ € 794,783 vs 2022 (€ -2,445,853) Favourable step	€ -76,518 Profit after taxes 2024: € -76,518 ▲ € 1.6 million vs 2023 (€ -1,651,070) Favourable step	€ -289,708 Profit after taxes 2025: € -289,708 ▼ € 213,190 vs 2024 (€ -76,518) Unfavourable step	▼ € 213,190
Equity	€ 183,451,327 Equity 2022: € 183,451,327 First fiscal year in the series	€ 184,850,599 Equity 2023: € 184,850,599 ▲ 1% vs 2022 (€ 183,451,327) Favourable step	€ 206,449,517 Equity 2024: € 206,449,517 ▲ 12% vs 2023 (€ 184,850,599) Favourable step	€ 221,420,326 Equity 2025: € 221,420,326 ▲ 7% vs 2024 (€ 206,449,517) Favourable step	▲ 7%
Total debts	€ 160,958,474 Total debts 2022: € 160,958,474 First fiscal year in the series	€ 167,848,274 Total debts 2023: € 167,848,274 ▲ 4% vs 2022 (€ 160,958,474) Unfavourable step	€ 162,881,661 Total debts 2024: € 162,881,661 ▼ 3% vs 2023 (€ 167,848,274) Favourable step	€ 262,313,255 Total debts 2025: € 262,313,255 ▲ 61% vs 2024 (€ 162,881,661) Unfavourable step	▲ 61%
Cash	€ 15,728,973 Cash 2022: € 15,728,973 First fiscal year in the series	€ 15,374,042 Cash 2023: € 15,374,042 ▼ 2% vs 2022 (€ 15,728,973) Unfavourable step	€ 15,165,162 Cash 2024: € 15,165,162 ▼ 1% vs 2023 (€ 15,374,042) Unfavourable step	€ 40,637,307 Cash 2025: € 40,637,307 ▲ 168% vs 2024 (€ 15,165,162) Favourable step	▲ 168%
Land & buildings	€ 3,961,405 Land & buildings 2022: € 3,961,405 First fiscal year in the series	€ 3,606,468 Land & buildings 2023: € 3,606,468 ▼ 9% vs 2022 (€ 3,961,405) Unchanged	€ 3,399,948 Land & buildings 2024: € 3,399,948 ▼ 6% vs 2023 (€ 3,606,468) Unchanged	€ 3,039,987 Land & buildings 2025: € 3,039,987 ▼ 11% vs 2024 (€ 3,399,948) Unchanged	▼ 11%
Retained profit	€ 40,923,534 Retained profit 2022: € 40,923,534 First fiscal year in the series	€ 39,272,464 Retained profit 2023: € 39,272,464 ▼ 4% vs 2022 (€ 40,923,534) Unfavourable step	€ 39,195,947 Retained profit 2024: € 39,195,947 Unchanged (€ 39,272,464) Unfavourable step	€ 38,906,239 Retained profit 2025: € 38,906,239 ▼ 1% vs 2024 (€ 39,195,947) Unfavourable step	▼ 1%
Bank debt	€ 134,351,851 Bank debt 2022: € 134,351,851 First fiscal year in the series	€ 125,543,618 Bank debt 2023: € 125,543,618 ▼ 7% vs 2022 (€ 134,351,851) Favourable step	€ 126,728,493 Bank debt 2024: € 126,728,493 ▲ 1% vs 2023 (€ 125,543,618) Unfavourable step	€ 141,446,031 Bank debt 2025: € 141,446,031 ▲ 12% vs 2024 (€ 126,728,493) Unfavourable step	▲ 12%
Balance sheet total	€ 345,792,566 Balance sheet total 2022: € 345,792,566 First fiscal year in the series	€ 354,024,114 Balance sheet total 2023: € 354,024,114 ▲ 2% vs 2022 (€ 345,792,566) Unchanged	€ 370,593,893 Balance sheet total 2024: € 370,593,893 ▲ 5% vs 2023 (€ 354,024,114) Unchanged	€ 484,938,772 Balance sheet total 2025: € 484,938,772 ▲ 31% vs 2024 (€ 370,593,893) Unchanged	▲ 31%
Employees (FTE)	100 Employees (FTE) 2022: 100 First fiscal year in the series	102 Employees (FTE) 2023: 102 ▲ 2 vs 2022 (100) Unchanged	105 Employees (FTE) 2024: 105 ▲ 3 vs 2023 (102) Unchanged	105.2 Employees (FTE) 2025: 105.2 ▲ 0.2 vs 2024 (105) Unchanged	▲ 0.2

Key figures of SPI, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to SPI?

What happened at SPI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

3031 René DELCOURT stepped down as director. NBB
2031 Christian BAGUETTE stepped down as director. NBB
2031 Vincent MOYSE stepped down as director. NBB
2031 Nicole MARECHAL stepped down as director. NBB
2031 Fabian CULOT stepped down as director. NBB
2031 Thierry BATAILLE stepped down as director. NBB
2031 Valérie TINTNER stepped down as director. NBB
2031 Chanelle BONAVENTURE stepped down as director. NBB

In short

From € 2.4 million loss in 2022 to € 289,708 loss in 2025.

Paid € 254,691 in corporate taxes since 2022.

Pays suppliers within 39 days on average.

Original PDFs at the National Bank ↗

Management

PROVINCE DE LIEGE

SPI

DU TIHANGE 100%

T4T 100%

LSP1 49%

SORASI S.A. 40%

The shares are held by PROVINCE DE LIEGE. It owns 100% of DU TIHANGE, 100% of T4T, 49% of LSP1, 40% of SORASI S.A. and 12.5% of Wallonie Développement itself.

Directors

According to the 2025 annual accounts

Julie CHANSON

Director

since 2025 · until 2025

Eric CALLUT

Director

since 2024 · until 2025

René DELCOURT

Director

Also active at: SOCIETE DE RENOVATION ET D'ASSAINISSEMENT DES SITES INDUSTRIELS

since 2019 · until 3031

Sandrina GAILLARD

Director

since 2022 · until 2025

Christian BAGUETTE

Director

since 2025 · until 2031

Eric HAUTPHENNE

Chairman of the board

since 2020 · until 2025

Vincent MOYSE

Director

since 2025 · until 2031

Nicole MARECHAL

Observateur

since 2025 · until 2031

Fabian CULOT

Chairman of the board

since 2025 · until 2031

Thierry BATAILLE

Director

since 2025 · until 2031

Valérie TINTNER

Director

since 2025 · until 2031

Chanelle BONAVENTURE

Director

since 2025 · until 2031

Serge ERNST

Director

Also active at: ACTIONS REGIONALES POUR LA COLLECTIVITE, MERE JOSEPHINE, Actions Régionales pour la Collectivité Services d'Aide Aux Familles et aux Aînés, Actions Régionales pour la Collectivité Titres-services

since 2019 · until 2031

Donovan NIESSEN

Director

since 2025 · until 2031

Grégory BENVEGNA

Director

since 2019 · until 2025

Mathieu ULRICI

Director

since 2024 · until 2025

Linda ZWARTBOL

Director

since 2025 · until 2026

Eric LOMBA

Vice-chairman of the board

since 2025 · until 2031

Hervé RIGOT

Director

Also active at: CENTRE HOSPITALIER BOIS DE L'ABBAYE

since 2025 · until 2026

Duygu CELIK

Director

since 2025 · until 2031

Eric JEROME

Director

since 2025 · until 2031

Bernard ALLELYN

Director

since 2024 · until 2025

Romain GANSER

Director

since 2019 · until 2025

Marc MAGNERY

Director

since 2025 · until 2025

Isabelle STASSART

Director

since 2025 · until 2031

Claude KLENKENBERG

Director

since 2024 · until 2031

Christophe DEMOULIN

Director

since 2025 · until 2031

Pascale DESIRONT

Director

since 2021 · until 2025

Katty FIRQUET

Vice-chairman of the board, Director

since 2019 · until 2031

Julie GELDOF

Director

since 2019 · until 2025

Luc GILLARD

Director

since 2024 · until 2025

Gilles FORET

Director

Also active at: ECETIA FINANCES, Orchestre philharmonique Royal de Liège, PRESBYTERIUM

since 2019 · until 2025

Irwin GUCKEL

Director

since 2019 · until 2031

Shareholders

PROVINCE DE LIEGE

Participations

100%

100%

49%

40%

Wallonie Développement

12.5%

Establishments

Establishment units

Physical locations of this company

Registered office

Rue du Vertbois 11

4000 Liège

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.

All companies at this address →

ECETIA FINANCES same network

€ -516,288 gross margin · 2025

ECETIA INTERCOMMUNALE

€ 2.9 million revenue · 2025

SOCIETE DE RENOVATION ET D'ASSAINISSEMENT DES SITES INDUSTRIELS same network

€ 43,520 revenue · 2025

Maison de l'Urbanité

SOCIETE DE DEVELOPPEMENT DE LIEGE GUILLEMINS

€ -35,866 gross margin · 2025

+10 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0204.259.135

VAT number

BE 0204.259.135

Registered office

Rue du Vertbois 11, 4000 Liège

Names & denominations

SPI

Enterprise type

Rechtspersoon

Legal form

Cooperative company

Legal situation

Normale toestand

Start date

13 November 1968

Peppol

Active · Active since 1 Jan 2001

Contact

[email protected]

Activities · NACE

Openbaar bestuur op het gebied van het bedrijfsleven; stimuleren van het bedrijfsleven

Ontwikkeling van niet-residentiële bouwprojecten

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts

Overige zakelijke dienstverlening, neg

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

View on CBE Public ↗ Annual accounts (NBB) ↗

SPI

Warning lights

Financials

What happened to SPI?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions