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 38 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
SPACERENT from Sint-Martens-Latem, company number BE0425610759, closed financial year 2026 with a result of € 1.7 million after tax. For that financial year SPACERENT recorded revenue of € 1.1 million and equity of € 7 million. Compared with financial year 2025, the result moved from € 997,742 to € 1.7 million. Profitable, and profit is growing. 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 September 25, 2026.
€ 7 million
▲ 31% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.7 million
▲ 67% vs 2025
Profit after tax over the fiscal year.
€ 18,751
▲ 23% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 6.4 million.
People and assets in 2026
0.3
▼ 0.8 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 14,639
▼ 77% vs 2025
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2026
€ 4.7 million
€ 886,935 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 120,328
▼ 73% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 89 days on average.
€ 64,190
▲ 94% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 975,629 | € 972,550 | € 975,412 | € 1,132,523 | ▲ 16% |
| Profit after taxes | € 127,778 | € 292,203 | € 997,742 | € 1,667,184 | ▲ 67% |
| Equity | € 4,423,048 | € 4,315,251 | € 5,312,993 | € 6,980,178 | ▲ 31% |
| Total debts | € 10,692,594 | € 10,568,081 | € 8,964,006 | € 5,002,650 | ▼ 44% |
| Cash | € 15,518 | € 17,535 | € 15,302 | € 18,751 | ▲ 23% |
| Land & buildings | € 4,608,247 | € 4,389,543 | € 4,177,262 | € 3,804,996 | ▼ 9% |
| Retained profit | € 3,806,048 | € 3,698,251 | € 4,695,993 | € 6,363,178 | ▲ 36% |
| Dividend | € 40,000 | € 400,000 | € 0 | € 0 | |
| Bank debt | € 6,422,930 | € 5,567,165 | € 4,713,425 | € 4,721,693 | |
| Balance sheet total | € 15,115,642 | € 14,883,332 | € 14,276,999 | € 11,982,828 | ▼ 16% |
| Employees (FTE) | 1 | 1.1 | 1.1 | 0.3 | ▼ 0.8 |
Key figures of SPACERENT, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to SPACERENT?
What happened at SPACERENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Wevano BV stepped down as director. NBB
- Vastium BV stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 1.7 million (▲ 67% vs 2025). Source: NBB ↗
- Wevano BV became a director. NBB
- Vastium BV became a director. NBB
- New establishment in Ieper. KBO
- Start of the company according to the CBE. KBO
In short
From € 127,778 profit in 2023 to € 1.7 million profit in 2026.
Paid € 298,136 in corporate taxes since 2023.
Best year ever: 2026, with € 1.7 million profit.
Paid out € 440,000 in dividends to the owners in total.
Management
The stake of BENVELC comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SPACERENTThe shares are held by BENVELC (100%).
Directors
According to the 2026 annual accounts
Director · represented by Geert Mertens
Also active at: FORRIM, BENVELC, FORREZ BANDENSERVICE, FORREZ INTERNATIONAL, PNEUS FORREZ, X PNEUS, FORREZ VLAANDEREN, FORREZ WALLONIE +1 more
since 2026 · until 2032
Director · represented by Marie-Christine Forrez
since 2026 · until 2032
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Paalsteen 1
9830 Sint-Martens-Latem
Maaldestedestraat 51
8902 Ieper
Active since 7 December 2005
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Details
- Company number
- 0425.610.759
- VAT number
- BE 0425.610.759
- Registered office
- Paalsteen 1, 9830 Sint-Martens-Latem
- Names & denominations
- SPACERENT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 March 1984
- Peppol
- Active · Active since 16 Sept 2025
- Activities · NACE
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