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.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
34 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Spartathlon and more from Tielt, company number BE0501514150, closed financial year 2025 with a result of € -3,769 after tax. For that financial year Spartathlon and more recorded a gross margin of € 5,668 and equity of € -66,520. Compared with financial year 2024, the result moved from € -9,377 to € -3,769. The company made a loss. 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 April 22, 2026.
€ -66,520
▼ € 3,769 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,769
▲ 60 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,243
▼ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -86,520.
Debts at end 2025
€ 117,618
▼ 14% vs 2024
€ 19,937 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 2,031
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 164 | € 4,200 | € 4,382 | € 5,668 | ▲ 29% |
| Profit after taxes | € -13,256 | € -10,832 | € -9,377 | € -3,769 | ▲ € 5,607 |
| Equity | € -42,541 | € -53,374 | € -62,750 | € -66,520 | ▼ € 3,769 |
| Total debts | € 262,492 | € 262,416 | € 248,404 | € 248,471 | |
| Cash | € 22,865 | € 20,244 | € 3,303 | € 1,243 | ▼ 62% |
| Land & buildings | € 185,513 | € 183,862 | € 182,211 | € 180,560 | ▼ 1% |
| Retained profit | € -62,541 | € -73,374 | € -82,750 | € -86,520 | ▼ € 3,769 |
| Bank debt | € 176,159 | € 156,854 | € 137,341 | € 117,618 | ▼ 14% |
| Balance sheet total | € 219,951 | € 209,042 | € 185,654 | € 181,951 | ▼ 2% |
Key figures of Spartathlon and more, 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 April 2027.
What happened to Spartathlon and more?
What happened at Spartathlon and more in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3,769. Source: NBB ↗
- Certipunt BV became a director. NBB
- Vlaemynck Invest BV became a director. NBB
- DF Invest CommV became a director. NBB
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
In short
From € 13,256 loss in 2022 to € 3,769 loss 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 Spartathlon and more are Certipunt BV, Vlaemynck Invest BV and DF Invest CommV. The same people are also behind MC BOUW and MENEN INVEST. Vlaemynck Invest BV is also behind West - Buro, MANITOBA - MUYLLE, CASTRA, VVM WESTKUST and HULLYNCK INVEST.
Directors
According to the 2025 annual accounts
since 2021
Director · represented by Karel Vlaemynck
Also active at: West - Buro, MANITOBA - MUYLLE, CASTRA, MC BOUW, VVM WESTKUST, HULLYNCK INVEST, VVM Master, VVM Westhoek +9 more
since 2021
since 2021
Establishments
Establishment units
Physical locations of this company
Sint-Janstraat 185
8700 Tielt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 34 companies are registered at this address.
All companies at this address →MANITOBA - MUYLLE same network
€ -3,571 gross margin · 2025
DE SNEPPE
HULLYNCK
€ 681,856 gross margin · 2025
CASTRA same network
€ 23,369 gross margin · 2025
TIELT CONNECTION
+29 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
- 0501.514.150
- VAT number
- BE 0501.514.150
- Registered office
- Sint-Janstraat 185, 8700 Tielt
- Names & denominations
- Spartathlon and more
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 November 2012
- Peppol
- Active · Active since 18 May 2026