Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
SPHERCO from Ath, company number BE0450491160, closed financial year 2025 with a result of € -28,403 after tax. For that financial year SPHERCO recorded a gross margin of € 3,638 and equity of € 35,895. Compared with financial year 2024, the result moved from € -20,312 to € -28,403. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 35,895
▼ 44% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -28,403
▼ 40 % more loss than in 2024
Profit after tax over the fiscal year.
€ 19,938
▼ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -26,105.
Debts at end 2025
€ 62,326
▼ 20% vs 2024
€ 15,795 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1,114
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 21,127 | € 18,812 | € -1,643 | € 3,638 | ▲ € 5,281 |
| Profit after taxes | € 250 | € 46 | € -20,312 | € -28,403 | ▼ € 8,091 |
| Equity | € 84,564 | € 84,610 | € 64,298 | € 35,895 | ▼ 44% |
| Total debts | € 111,916 | € 99,618 | € 77,804 | € 64,490 | ▼ 17% |
| Cash | € 2,698 | € 294 | € 27,892 | € 19,938 | ▼ 29% |
| Land & buildings | € 103,352 | € 86,110 | € 68,868 | € 51,626 | ▼ 25% |
| Retained profit | € 22,564 | € 22,610 | € 2,298 | € -26,105 | ▼ € 28,403 |
| Bank debt | € 107,834 | € 92,971 | € 77,804 | € 62,326 | ▼ 20% |
| Balance sheet total | € 196,480 | € 184,228 | € 142,103 | € 100,385 | ▼ 29% |
Key figures of SPHERCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to SPHERCO?
What happened at SPHERCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- POL NOTTE stepped down as director. NBB
- JEAN-LUC NOTTE stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 28,403. Source: NBB ↗
- POL NOTTE became a director. NBB
- JEAN-LUC NOTTE became a director. NBB
- New establishment in Ath. KBO
- Start of the company according to the CBE. KBO
In short
From € 250 profit in 2022 to € 28,403 loss in 2025.
Best year ever: 2022, with € 250 profit.
Management
The stake of Architecture et Etude Notté, société multi-professionnelle d'architectes comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SPHERCOThe shares are held by Architecture et Etude Notté, société multi-professionnelle d'architectes (96%).
Directors
According to the 2025 annual accounts
POL NOTTE
Director
since 2023 · until 2029
JEAN-LUC NOTTE
Managing director
Also active at: Architecture et Etude Notté, société multi-professionnelle d'architectes
since 2023 · until 2029
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chemin de Ponchau(Arb) 107
7811 Ath
Rue de Brantignies 20
7800 Ath
Active since 11 August 1993
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0450.491.160
- VAT number
- BE 0450.491.160
- Registered office
- Chemin de Ponchau(Arb) 107, 7811 Ath
- Names & denominations
- SPHERCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 1993
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
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