Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
SPI Global Play Retail from Herstal, company number BE0474388396, closed financial year 2025 with a result of € 127,362 after tax. For that financial year SPI Global Play Retail recorded a gross margin of € 680,441 and equity of € -135,804. Compared with financial year 2024, the result moved from € 27,525 to € 127,362. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 23, 2026.
€ -135,804
▲ € 127,362 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 127,362
▲ € 99,837 vs 2024
Profit after tax over the fiscal year.
€ 270,043
▲ 166% 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 € -209,404.
People and assets in 2025
8.3
▲ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 481,754
▲ 31% vs 2024
€ 58,000 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.
€ 21,122
Of which on lease € 18,597.
Debts at end 2025
€ 317,037
€ 2,970 is repaid this year. At this pace the long-term loan is gone in ≈ 107 years.
€ 663,678
▼ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 78,442
▼ 41% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 217,443 | € 357,857 | € 456,076 | € 680,441 | ▲ 49% |
| Profit after taxes | € -360,271 | € 15,954 | € 27,525 | € 127,362 | ▲ € 99,837 |
| Equity | € -306,645 | € -290,691 | € -263,166 | € -135,804 | ▲ € 127,362 |
| Total debts | € 1,460,217 | € 1,428,781 | € 1,626,985 | € 1,426,947 | ▼ 12% |
| Cash | - | € 152,523 | € 101,442 | € 270,043 | ▲ 166% |
| Retained profit | € -380,245 | € -364,291 | € -336,766 | € -209,404 | ▲ € 127,362 |
| Bank debt | € 0 | € 0 | € 0 | € 317,037 | |
| Balance sheet total | € 1,298,572 | € 1,283,090 | € 1,453,818 | € 1,411,143 | ▼ 3% |
| Employees (FTE) | 7.1 | 7 | 6.9 | 8.3 | ▲ 1.4 |
Key figures of SPI Global Play Retail, 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 SPI Global Play Retail?
What happened at SPI Global Play Retail in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 127,362 (▲ € 99,837 vs 2024). filed late Source: NBB ↗
- New establishment in Herstal. KBO
- Start of the company according to the CBE. KBO
In short
From € 360,271 loss in 2022 to € 127,362 profit in 2025.
Paid € 20,316 in corporate taxes since 2022.
Best year ever: 2025, with € 127,362 profit.
On average € 82,000 of value added per employee in 2025.
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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 SPI Global Play Retail are Jan-Mikael WETTERGREN, Mark BERKOUWER and Juergen ETTINGER.
Directors
According to the 2025 annual accounts
Jan-Mikael WETTERGREN
Director
Mark BERKOUWER
Director
Juergen ETTINGER
Managing director
Establishments
Establishment units
Physical locations of this company
Parc Ind. des Hauts Sarts, 1e av 66
4040 Herstal
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
LOOPIA, SE
Domain
Domain
spiglobalplay.com
Registered
2012-08-09
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-08-09
Website info
Features
Security
Network
Details
- Company number
- 0474.388.396
- VAT number
- BE 0474.388.396
- Registered office
- Parc Ind. des Hauts Sarts, 1e av 66, 4040 Herstal
- Names & denominations
- SPI Global Play Retail
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 March 2001
- Peppol
- Active · Active since 9 Jan 2025
- Contact
- spiglobalplay.com
- Activities · NACE
Groothandel in sport- en kampeerartikelen, met uitzondering van fietsen
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