Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SPARTHAN from Izegem, company number BE0552545553, closed financial year 2025 with a result of € 13,668 after tax. For that financial year SPARTHAN recorded a gross margin of € 66,960 and equity of € 108,150. Compared with financial year 2024, the result moved from € -848 to € 13,668. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 108,150
▲ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13,668
▲ still € 848 loss in 2024
Profit after tax over the fiscal year.
€ 8,690
▲ 208% 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 € 57,930.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 72,515
▲ € 68,492 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 266,150
▲ 15% vs 2024
€ 39,238 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 16,134
▲ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,367
▼ 24% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 34,260 | € 29,988 | € 19,757 | € 66,960 | ▲ 239% |
| Profit after taxes | € 15,864 | € 14,822 | € -848 | € 13,668 | ▲ € 14,516 |
| Equity | € 80,508 | € 95,330 | € 94,482 | € 108,150 | ▲ 14% |
| Total debts | € 496,200 | € 457,915 | € 483,090 | € 536,405 | ▲ 11% |
| Cash | € 5,162 | € 10,901 | € 2,817 | € 8,690 | ▲ 208% |
| Land & buildings | € 953 | € 581 | € 209 | € 0 | ▼ 100% |
| Retained profit | € 30,288 | € 45,110 | € 44,262 | € 57,930 | ▲ 31% |
| Bank debt | € 285,502 | € 258,394 | € 231,038 | € 266,150 | ▲ 15% |
| Balance sheet total | € 576,708 | € 553,245 | € 577,572 | € 644,555 | ▲ 12% |
Key figures of SPARTHAN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 29 April 2027.
What happened to SPARTHAN?
What happened at SPARTHAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 13,668. filed late Source: NBB ↗
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,864 profit in 2022 to € 13,668 profit in 2025.
Paid € 20,568 in corporate taxes since 2022.
Best year ever: 2022, with € 15,864 profit.
Management
Behind SPARTHAN is Vincent Theunynck.
Directors
According to the 2025 annual accounts
Vincent Theunynck
Director
Establishments
Establishment units
Physical locations of this company
Oude Iepersestraat 37
8870 Izegem
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.
Details
- Company number
- 0552.545.553
- VAT number
- BE 0552.545.553
- Registered office
- Oude Iepersestraat 37, 8870 Izegem
- Names & denominations
- SPARTHAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 April 2014
- Peppol
- Active · Active since 9 Jan 2026
- Activities · NACE
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