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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Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Partner Spirits from Andenne, company number BE0425006686, closed financial year 2025 with a result of € 2.2 million after tax. For that financial year Partner Spirits recorded revenue of € 137.9 million and equity of € 19.6 million. Compared with financial year 2024, the result moved from € 109,987 to € 2.2 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 21, 2026.
€ 19.6 million
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.2 million
▲ € 2.1 million vs 2024
Profit after tax over the fiscal year.
€ 500,450
▼ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 209,321 paid out
9 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
42.4
▼ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.2 million
▼ 4% vs 2024
€ 74,700 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.
€ 293,057
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 26.6 million
▼ 19% vs 2024
€ 1.6 million is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 20.4 million
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 57 days on average.
€ 951,555
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 171,495,120 | € 134,900,683 | € 131,236,150 | € 137,905,944 | ▲ 5% |
| Profit after taxes | € 5,052,658 | € 548,850 | € 109,987 | € 2,216,342 | ▲ € 2.1 million |
| Equity | € 16,039,207 | € 17,182,130 | € 17,919,268 | € 19,614,819 | ▲ 9% |
| Total debts | € 53,612,240 | € 52,019,477 | € 54,762,365 | € 48,716,083 | ▼ 11% |
| Cash | € 1,787,449 | € 486,573 | € 958,322 | € 500,450 | ▼ 48% |
| Land & buildings | € 2,023,977 | € 1,906,103 | € 14,337,625 | € 13,211,982 | ▼ 8% |
| Retained profit | € 14,400,056 | € 14,948,906 | € 15,058,893 | € 16,856,594 | ▲ 12% |
| Dividend | € 834,427 | € 0 | € 0 | € 209,321 | |
| Bank debt | € 30,348,913 | € 37,932,251 | € 32,847,798 | € 26,582,369 | ▼ 19% |
| Balance sheet total | € 69,651,448 | € 69,201,607 | € 72,681,632 | € 69,002,115 | ▼ 5% |
| Employees (FTE) | 29.4 | 40.1 | 44 | 42.4 | ▼ 1.6 |
Key figures of Partner Spirits, 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 Partner Spirits?
What happened at Partner Spirits in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- NATHALIE DOHET stepped down as director. NBB
- MELANIE BEAUVOIS stepped down as director. NBB
- NICOLAS BEAUVOIS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.2 million (▲ € 2.1 million vs 2024). Source: NBB ↗
- MELANIE BEAUVOIS became a director. NBB
- NICOLAS BEAUVOIS became a director. NBB
- Jean MOSSIAT stepped down as director. NBB
- New establishment in Andenne. KBO
In short
From € 5.1 million profit in 2022 to € 2.2 million profit in 2025.
Paid € 2 million in corporate taxes since 2022.
Best year ever: 2022, with € 5.1 million profit.
Paid out € 1 million in dividends to the owners in total.
Management
The shares are held by NATHALIE DOHET.
Directors
According to the 2025 annual accounts
NATHALIE DOHET
Director
since 2020 · until 2027
MELANIE BEAUVOIS
Director
since 2026 · until 2027
NICOLAS BEAUVOIS
Director
since 2026 · until 2027
Jean MOSSIAT
Director
since 2020 · until 2026
Shareholders
NATHALIE DOHET
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue du Progrès 34
5300 Andenne
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Website info
Features
Security
Network
Details
- Company number
- 0425.006.686
- VAT number
- BE 0425.006.686
- Registered office
- Rue du Progrès 34, 5300 Andenne
- Names & denominations
- Partner Spirits
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 November 1983
- Peppol
- Active · Active since 20 Jun 2025
- Contact
- partnerspirits.be
- Activities · NACE
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