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 58 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SPIRITS BY DESIGN from Avelgem, company number BE0598836032, closed financial year 2025 with a result of € -3,098 after tax. For that financial year SPIRITS BY DESIGN recorded a gross margin of € 65,523 and equity of € 162,521. Compared with financial year 2024, the result moved from € 9,508 to € -3,098. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on December 4, 2025.
€ 162,521
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,098
▼ still € 9,508 profit in 2024
Profit after tax over the fiscal year.
€ 21,187
▼ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 142,521.
People and assets in 2025
1.2
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 12,736
▲ 43% vs 2024
€ 10,600 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.
€ 1,785
▼ 57% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 534,370
▼ 9% vs 2024
€ 51,817 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 39,517
▲ 83% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,872
▼ 54% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 113,109 | € 111,973 | € 83,136 | € 65,523 | ▼ 21% |
| Profit after taxes | € 45,933 | € 8,422 | € 9,508 | € -3,098 | ▼ € 12,606 |
| Equity | € 147,690 | € 156,111 | € 165,619 | € 162,521 | ▼ 2% |
| Total debts | € 710,335 | € 706,406 | € 624,354 | € 589,650 | ▼ 6% |
| Cash | € 31,575 | € 12,670 | € 31,900 | € 21,187 | ▼ 34% |
| Land & buildings | € 546,991 | € 540,247 | € 510,907 | € 481,566 | ▼ 6% |
| Retained profit | € 127,690 | € 136,111 | € 145,619 | € 142,521 | ▼ 2% |
| Bank debt | € 636,008 | € 654,170 | € 588,648 | € 534,370 | ▼ 9% |
| Balance sheet total | € 858,025 | € 862,518 | € 789,973 | € 752,171 | ▼ 5% |
| Employees (FTE) | 1.1 | 2.9 | 0.7 | 1.2 | ▲ 0.5 |
Key figures of SPIRITS BY DESIGN, 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 October 2026.
What happened to SPIRITS BY DESIGN?
What happened at SPIRITS BY DESIGN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3,098 (▼ € 12,606 vs 2024). filed late Source: NBB ↗
- New establishment in Avelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 45,933 profit in 2022 to € 3,098 loss in 2025.
Paid € 10,032 in corporate taxes since 2022.
Best year ever: 2022, with € 45,933 profit.
On average € 54,600 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
Directors
According to the 2025 annual accounts
Tim Veys
Director
Establishments
Establishment units
Physical locations of this company
Doorniksesteenweg 402
8583 Avelgem
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
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
spiritsbydesign.com
Registered
2015-01-02
Registrar
Key-Systems GmbH
Expires
2027-01-02
Website info
Features
Security
Details
- Company number
- 0598.836.032
- VAT number
- BE 0598.836.032
- Registered office
- Doorniksesteenweg 402, 8583 Avelgem
- Names & denominations
- SPIRITS BY DESIGN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 February 2015
- Peppol
- Active · Active since 24 May 2026
- Contact
- spiritsbydesign.com
- Activities · NACE
Vervaardiging van gedistilleerde dranken door distilleren, rectificeren en mengen
Groothandel in dranken, algemeen assortiment
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen