Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 61 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SPIEGEL from Antwerpen, company number BE0472668528, closed financial year 2025 with a result of € -24,012 after tax. For that financial year SPIEGEL recorded a gross margin of € 33,522 and equity of € 6,593. Compared with financial year 2024, the result moved from € 67,054 to € -24,012. The company made a loss. The buffer shrank hard: equity is 78 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 12, 2026.
€ 6,593
▼ 78% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -24,012
▼ still € 67,054 profit in 2024
Profit after tax over the fiscal year.
€ 8,056
▼ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 393.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 27,228
▲ 61% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 13,224
▼ 49% vs 2024
Of which on lease € 12,598.
Debts at end 2025
€ 68,421
▼ 26% vs 2024
€ 64,975 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 22,743
▲ € 20,744 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,792
▼ 38% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 53,882 | € 74,667 | € 118,942 | € 33,522 | ▼ 72% |
| Profit after taxes | € -35,502 | € 24,812 | € 67,054 | € -24,012 | ▼ € 91,067 |
| Equity | € -61,260 | € -36,449 | € 30,606 | € 6,593 | ▼ 78% |
| Total debts | € 241,919 | € 210,254 | € 109,466 | € 98,956 | ▼ 10% |
| Cash | € 418 | € 37,871 | € 56,389 | € 8,056 | ▼ 86% |
| Retained profit | € -67,460 | € -42,649 | € 24,406 | € 393 | ▼ 98% |
| Bank debt | € 178,639 | € 196,262 | € 92,123 | € 68,421 | ▼ 26% |
| Balance sheet total | € 180,659 | € 173,805 | € 140,072 | € 105,550 | ▼ 25% |
| Employees (FTE) | 1 | 0.3 | 0.4 | 0.9 | ▲ 0.5 |
Key figures of SPIEGEL, 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 SPIEGEL?
What happened at SPIEGEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 24,012 (▼ € 91,067 vs 2024). Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
- Luc Van der Spiegel became a director. NBB
In short
From € 35,502 loss in 2022 to € 24,012 loss in 2025.
Paid € 973 in corporate taxes since 2022.
Best year ever: 2024, with € 67,054 profit.
On average € 53,900 of value added per employee in 2022.
A new publication or filing at SPIEGEL? We notify you, reason included.
Follow SPIEGELDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind SPIEGEL is Luc Van der Spiegel. The shares are held by Luc Van der Spiegel (99%) and Marie Mallentjer (1%).
Directors
According to the 2025 annual accounts
Luc Van der Spiegel
Director
Owns 99% directly
since 2000
Shareholders
Luc Van der Spiegel · director
99%
Marie Mallentjer
1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Windmolenstraat 73
2660 Antwerpen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0472.668.528
- VAT number
- BE 0472.668.528
- Registered office
- Windmolenstraat 73, 2660 Antwerpen
- Names & denominations
- SPIEGEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 August 2000
- Peppol
- Active · Active since 26 May 2025
- Activities · NACE
Gespecialiseerde beeld-, verlichtings- en geluidstechnieken
Diensten verwant aan de scheppende en uitvoerende kunst
Activiteiten van fotografen, met uitzondering van persfotografen
Fotostudio's en overige fotografische activiteiten