Financials
Financial year 2025
Worth noting
- A loss two years in a row.
- Little cash and receivables against the short-term debts.
Revenue
€ 19.3 million
▲ 13% vs 2024
Profit
Caution€ -2.8 million
▼ 121% vs 2024
Debts
Low€ 12 million
▲ 6% vs 2024
EUROPEAN SPINNING GROUP from Spiere-Helkijn, company number BE0416644890, closed financial year 2025 with a result of € -2.8 million after tax. For that financial year EUROPEAN SPINNING GROUP recorded revenue of € 19.3 million and equity of € 16 million. Compared with financial year 2024, the result moved from € -1.3 million to € -2.8 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 14, 2025.
What happened at EUROPEAN SPINNING GROUP?
What happened at EUROPEAN SPINNING GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Julie Lietaer stepped down as director. NBB
- Alice Messiaen stepped down as director. NBB
- Karel Ghesquiere stepped down as director. NBB
- Gilles Lietaer stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.8 million. Source: NBB ↗
- Alice Messiaen became a director. NBB
- Karel Ghesquiere became a director. NBB
- Gilles Lietaer became a director. NBB
In short
From € 138,910 profit in 2021 to € 2.8 million loss in 2025.
Paid € 142,009 in corporate taxes since 2021.
Best year ever: 2022, with € 142,147 profit.
Pays suppliers within 32 days on average.
A new publication or filing at EUROPEAN SPINNING GROUP? We notify you, reason included.
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History
Every financial year, as far back as the National Bank goes.
Buffer
How long does the company survive without income?
Credit limit
Indicative credit limit, computed from the real figures.
Alerts
News about who you follow, reason included.
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Management
It owns 100% of Assoc Textiles and 100% of Demtex itself.
Directors
According to the 2025 annual accounts
since 2023 · until 2026
since 2023 · until 2026
since 2023 · until 2026
since 2023 · until 2026
Establishments
Establishment units
Physical locations of this company
Ijzeren Bareel 42
8587 Spiere-Helkijn
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
Details
- Company number
- 0416.644.890
- VAT number
- BE 0416.644.890
- Registered office
- Ijzeren Bareel 42, 8587 Spiere-Helkijn
- Names & denominations
- EUROPEAN SPINNING GROUP · ESG
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 July 1976
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Bewerken en spinnen van textielvezels
Activiteiten van holdings
Handelsbemiddeling in de groothandel in textiel, kleding, bont, schoeisel en lederwaren
Textielveredeling
Groothandel in huishoudtextiel en beddengoed
Overige zakelijke dienstverlening, neg
Holdings