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 51 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
61 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
BE SPAIN PRIME 1 from Watermaal-Bosvoorde, company number BE0735710950, closed financial year 2025 with a result of € 354,157 after tax. For that financial year BE SPAIN PRIME 1 recorded a gross margin of € -14,826 and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 15,026 to € 354,157. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 1.5 million
▼ 38% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 354,157
▲ € 339,131 vs 2024
Profit after tax over the fiscal year.
€ 172,504
▲ € 133,952 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 283,396 paid out
80 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 462,271
Loans from banks and other lenders, long and short.
€ 2,252
▼ 31% 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 | € -62,157 | € -94,759 | € -14,550 | € -14,826 | ▼ € 276 |
| Profit after taxes | € -62,218 | € 253,924 | € 15,026 | € 354,157 | ▲ € 339,131 |
| Equity | € 506,459 | € 3,751,000 | € 2,467,926 | € 1,538,686 | ▼ 38% |
| Total debts | € 2,230,600 | € 175,959 | € 688,000 | € 880,616 | ▲ 28% |
| Cash | € 236,059 | € 893,651 | € 38,552 | € 172,504 | ▲ € 133,952 |
| Retained profit | € -94,541 | € 0 | € 15,026 | € 85,786 | ▲ € 70,760 |
| Dividend | € 0 | € 159,383 | € 0 | € 283,396 | |
| Bank debt | € 0 | € 0 | € 0 | € 462,271 | |
| Balance sheet total | € 2,737,059 | € 3,926,959 | € 3,155,926 | € 2,419,302 | ▼ 23% |
Key figures of BE SPAIN PRIME 1, 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 BE SPAIN PRIME 1?
What happened at BE SPAIN PRIME 1 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 354,157 (▲ € 339,131 vs 2024). Source: NBB ↗
- Marc MICHIELS became a director. NBB
- New establishment in Sint-Pieters-Woluwe. KBO
- Start of the company according to the CBE. KBO
In short
From € 62,218 loss in 2022 to € 354,157 profit in 2025.
Best year ever: 2025, with € 354,157 profit.
Paid out € 442,779 in dividends to the owners in total.
A new publication or filing at BE SPAIN PRIME 1? We notify you, reason included.
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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
The stake of MERAKISOL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BE SPAIN PRIME 1Behind BE SPAIN PRIME 1 is Marc MICHIELS. The shares are held by MERAKISOL (11%).
Directors
According to the 2025 annual accounts
since 2019
Shareholders
11%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 185
1170 Watermaal-Bosvoorde
Tervurenlaan 242 box A
1150 Sint-Pieters-Woluwe
Active since 4 October 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 61 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0735.710.950
- VAT number
- BE 0735.710.950
- Registered office
- Terhulpsesteenweg 185, 1170 Watermaal-Bosvoorde
- Names & denominations
- BE SPAIN PRIME 1 · BSP 1
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 October 2019
- Peppol
- Not registered