Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Spabois from Spa, company number BE0417008938, closed financial year 2025 with a result of € -256,697 after tax. For that financial year Spabois recorded a gross margin of € 432,680 and equity of € -196,214. Compared with financial year 2024, the result moved from € -388,259 to € -256,697. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ -196,214
▼ € 256,697 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -256,697
▲ 34 % less loss than in 2024
Profit after tax over the fiscal year.
€ 49,376
▼ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -657,714.
People and assets in 2025
13.4
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 551,325
▼ 16% vs 2024
€ 41,100 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.
€ 17,337
▼ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 364,236
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 84,730
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 6,359,025 | - | - | - | |
| Gross margin | - | € 481,442 | € 393,924 | € 432,680 | ▲ 10% |
| Profit after taxes | € 54,284 | € -198,354 | € -388,259 | € -256,697 | ▲ € 131,562 |
| Equity | € 247,096 | € 448,742 | € 60,483 | € -196,214 | ▼ € 256,697 |
| Total debts | € 2,173,003 | € 1,979,095 | € 2,369,857 | € 2,666,474 | ▲ 13% |
| Cash | € 66,169 | € 76,299 | € 82,252 | € 49,376 | ▼ 40% |
| Retained profit | € 185,596 | € -12,758 | € -401,017 | € -657,714 | ▼ € 256,697 |
| Balance sheet total | € 2,420,099 | € 2,427,837 | € 2,430,340 | € 2,470,260 | ▲ 2% |
| Employees (FTE) | 13.9 | 14.7 | 14.4 | 13.4 | ▼ 1 |
Key figures of Spabois, 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 Spabois?
What happened at Spabois in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- E.A.M. VAN OSTA stepped down as director. NBB
- C.M.F. LIEKENS stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 256,697. Source: NBB ↗
- E.A.M. VAN OSTA became a director. NBB
- C.M.F. LIEKENS became a director. NBB
- New establishment in Aiseau-Presles. KBO
- New establishment in Spa. KBO
- Start of the company according to the CBE. KBO
In short
From € 54,284 profit in 2022 to € 256,697 loss in 2025.
Best year ever: 2022, with € 54,284 profit.
On average € 32,300 of value added per employee in 2025.
Management
The shares are held by Hubo België SA (100%).
Directors
According to the 2025 annual accounts
E.A.M. VAN OSTA
Managing director
Also active at: A.I.T. IMPORT, Anciens Etablissements Robert Collette, PADIS, Hubo België, EPSILON, SAMBRE - BOIS, Dubomat, Assist4U +51 more
since 2023 · until 2028
C.M.F. LIEKENS
Managing director
Also active at: A.I.T. IMPORT, Anciens Etablissements Robert Collette, PADIS, Hubo België, EPSILON, SAMBRE - BOIS, Dubomat, Assist4U +53 more
since 2023 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue Reine Astrid 272
4900 Spa
Rue Campinaire(PL) 72
6250 Aiseau-Presles
Active since 17 June 2009
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0417.008.938
- VAT number
- BE 0417.008.938
- Registered office
- Avenue Reine Astrid 272, 4900 Spa
- Names & denominations
- Spabois
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 March 1977
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
Detailhandel in ijzerwaren, verf, bouwmaterialen en glas (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte vanaf 400 m2.
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Groothandel in hout
Groothandel in bouwmaterialen, algemeen assortiment
Exploitatie van bossen
Overige detailhandel in nieuwe artikelen neg
Bosexploitatie
Overige gespecialiseerde detailhandel in artikelen, andere dan voedingsmiddelen, n.e.g.
+2