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 9 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
SPILCO from Izegem, company number BE0436977674, closed financial year 2026 with a result of € 692 after tax. For that financial year SPILCO recorded a gross margin of € 68,494 and equity of € 279,599. Compared with financial year 2025, the result moved from € 1,397 to € 692. The company is profitable. 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 October 13, 2026.
€ 279,599
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 692
▼ 50% vs 2025
Profit after tax over the fiscal year.
€ 17,096
▼ 8% 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 € 164,599.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 4,496
▲ 101% vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 64,469 | € 65,446 | € 71,482 | € 68,494 | ▼ 4% |
| Profit after taxes | € 4,453 | € 7,931 | € 1,397 | € 692 | ▼ 50% |
| Equity | € 893,320 | € 277,510 | € 278,907 | € 279,599 | |
| Total debts | € 21,884 | € 372,769 | € 327,084 | € 295,012 | ▼ 10% |
| Cash | € 198,119 | € 61,548 | € 18,608 | € 17,096 | ▼ 8% |
| Land & buildings | € 190,025 | € 164,417 | € 138,810 | € 113,202 | ▼ 18% |
| Retained profit | € 198,320 | € 162,510 | € 163,907 | € 164,599 | |
| Dividend | € 0 | € 43,741 | € 0 | € 0 | |
| Balance sheet total | € 915,205 | € 650,279 | € 605,991 | € 574,610 | ▼ 5% |
Key figures of SPILCO, 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 SPILCO?
What happened at SPILCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Luc VANHAVERBEKE stepped down as director. NBB
- Maarten VANHAVERBEKE stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 692 (▼ 50% vs 2025). Source: NBB ↗
- Luc VANHAVERBEKE became a director. NBB
- Maarten VANHAVERBEKE became a director. NBB
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,453 profit in 2023 to € 692 profit in 2026.
Paid € 5,276 in corporate taxes since 2023.
Best year ever: 2024, with € 7,931 profit.
Paid out € 43,741 in dividends to the owners in total.
Management
The stake of VEMAHO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SPILCOThe shares are held by VEMAHO (22%).
Directors
According to the 2026 annual accounts
Luc VANHAVERBEKE
Director
since 2022 · until 2028
since 2022 · until 2028
Shareholders
22%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ambachtenstraat 24 box 1
8870 Izegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →VERF & CO
€ 171,617 gross margin · 2026
DW Consult
Pegasus Paints
€ 36,766 gross margin · 2025
TDE Consult
Metis
+3 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
- 0436.977.674
- VAT number
- BE 0436.977.674
- Registered office
- Ambachtenstraat 24 bus 1, 8870 Izegem
- Names & denominations
- SPILCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 March 1989
- Peppol
- Active · Active since 3 Sept 2026
- Activities · NACE
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