Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 11.4 to 9.8.
Financials
Financial year 2025
S&P Belgium from Vilvoorde, company number BE0441115517, closed financial year 2025 with a result of € 717,117 after tax. For that financial year S&P Belgium recorded revenue of € 6.4 million and equity of € 4.2 million. Compared with financial year 2024, the result moved from € 712,939 to € 717,117. 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 July 28, 2026.
€ 4.2 million
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 717,117
▲ 1% vs 2024
Profit after tax over the fiscal year.
€ 1.1 million
▼ 15% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 4 million.
People and assets in 2025
9.8
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 910,452
▼ 12% vs 2024
€ 92,900 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.
€ 20,167
▼ 12% 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.
€ 328,570
▼ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 27 days on average.
€ 102,739
▼ 44% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 6,217,994 | € 6,467,632 | € 6,697,444 | € 6,402,481 | ▼ 4% |
| Profit after taxes | € 602,204 | € 694,011 | € 712,939 | € 717,117 | ▲ 1% |
| Equity | € 2,083,777 | € 2,777,788 | € 3,490,728 | € 4,207,844 | ▲ 21% |
| Total debts | € 528,041 | € 576,567 | € 685,863 | € 444,709 | ▼ 35% |
| Cash | € 1,148,411 | € 2,024,607 | € 1,254,691 | € 1,063,897 | ▼ 15% |
| Retained profit | € 1,908,777 | € 2,602,788 | € 3,315,728 | € 4,032,844 | ▲ 22% |
| Dividend | € 1,200,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 2,611,818 | € 3,354,356 | € 4,176,591 | € 4,652,554 | ▲ 11% |
| Employees (FTE) | 11.9 | 11.4 | 11 | 9.8 | ▼ 1.2 |
Key figures of S&P Belgium, 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 S&P Belgium?
What happened at S&P Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- CARLOS GOMEZ stepped down as director. NBB
- Hilario Tome stepped down as director. NBB
- Juan Lecue stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 717,117 (▲ 1% vs 2024). Source: NBB ↗
- CARLOS GOMEZ became a director. NBB
- Hilario Tome became a director. NBB
- Juan Lecue became a director. NBB
- New establishment in Vilvoorde. KBO
In short
From € 602,204 profit in 2022 to € 717,117 profit in 2025.
Paid € 949,481 in corporate taxes since 2022.
Best year ever: 2025, with € 717,117 profit.
Paid out € 1.2 million in dividends to the owners in total.
Management
The shares are held by RODIN, S.A.U. and SOLER & PALAU VENTILATION GROUP, S.L.U..
Directors
According to the 2025 annual accounts
Hilario Tome
Director
since 2023 · until 2029
Juan Lecue
Director
since 2023 · until 2029
CARLOS GOMEZ
Director
since 2024 · until 2030
Shareholders
RODIN, S.A.U.
SOLER & PALAU VENTILATION GROUP, S.L.U.
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Mechelsesteenweg 291
1800 Vilvoorde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0441.115.517
- VAT number
- BE 0441.115.517
- Registered office
- Mechelsesteenweg 291, 1800 Vilvoorde
- Names & denominations
- S&P Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 August 1990
- Peppol
- Active · Active since 15 Dec 2025
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