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 65 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SPARKI from Harelbeke, company number BE0798269616, closed financial year 2025 with a result of € 2.1 million after tax. Compared with financial year 2024, the result moved from € -1.6 million to € 2.1 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 65.3 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.1 million
▲ still € 1.6 million loss in 2024
Profit after tax over the fiscal year.
€ 100,870
▼ 84% 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 € 506,976.
Debts at end 2025
€ 54.8 million
▲ 13% vs 2024
€ 1 million is repaid this year. At this pace the long-term loan is gone in ≈ 53 years.
€ 4.2 million
▲ € 4.2 million vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 9602 days on average.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Profit after taxes | € -1,610,546 | € 2,117,522 | ▲ € 3.7 million |
| Equity | € 63,220,388 | € 65,337,910 | ▲ 3% |
| Total debts | € 59,122,695 | € 69,848,217 | ▲ 18% |
| Cash | € 647,823 | € 100,870 | ▼ 84% |
| Retained profit | € -1,610,546 | € 506,976 | ▲ € 2.1 million |
| Bank debt | € 48,486,280 | € 54,819,443 | ▲ 13% |
| Balance sheet total | € 122,343,083 | € 135,186,127 | ▲ 10% |
Key figures of SPARKI, fiscal years 2024 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 SPARKI?
What happened at SPARKI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Federale Particpatie- en Investeringsmaatschappij stepped down as director. NBB
- Demafin BV stepped down as director. NBB
- Ludem BV stepped down as director. NBB
- Marima BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.1 million. Source: NBB ↗
- Federale Particpatie- en Investeringsmaatschappij became a director. NBB
- Demafin BV became a director. NBB
- New establishment in Harelbeke. KBO
In short
From € 1.6 million loss in 2024 to € 2.1 million profit in 2025.
Best year ever: 2025, with € 2.1 million profit.
Management
The stake of SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SPARKIThe shares are held by SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT (31.2%). It owns 100% of The Gridlink House, 100% of EARTH Gmbh, 100% of Earth BALKAN, 100% of Earth, 100% of Enbro GMBH and 100% of YOLK itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Luc Demeyere
Also active at: ENBRO, CLEVER SOLUTIONS, SITHO, EARTH, YOLK, EARTH FINANCE, EARTH FINANCE BUSINESS, SUNFIN +5 more
since 2023 · until 2029
Managing director · represented by Stijn Rigolle
Also active at: ENBRO, CLEVER SOLUTIONS, SITHO, EARTH, YOLK, EARTH FINANCE, EARTH FINANCE BUSINESS, SUNFIN +5 more
since 2023 · until 2029
Federale Particpatie- en Investeringsmaatschappij
Director · represented by Leon Cappaert
Also active at: Aviapartner Belgium, Société Anonyme Belge de Constructions Aéronautiques, Société Nationale de Construction Aérospatiale, COMETSAMBRE, ASCO INDUSTRIES, ZEPHYR - FIN, Sabena Aerospace Engineering, reMYND +58 more
since 2025 · until 2031
since 2025 · until 2031
Shareholders
Participations
100%
100%
Earth BALKAN
100%
100%
100%
100%
EARTH sas
100%
EARTH FINANCE sas
100%
Enbro SAS
100%
100%
100%
95%
66.1%
35.4%
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 387
8530 Harelbeke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →ENBRO same network
€ 2.6 million revenue · 2025
CLEVER SOLUTIONS same network
€ 1.8 million gross margin · 2025
SITHO same network
€ 68,726 gross margin · 2025
SPARKI RENEWABLES same network
€ 45.4 million revenue · 2025
YOLK same network
€ 529,353 gross margin · 2025
+7 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
- 0798.269.616
- VAT number
- BE 0798.269.616
- Registered office
- Kortrijksesteenweg 387, 8530 Harelbeke
- Names & denominations
- SPARKI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 February 2023
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Activiteiten van holdings
Holdings
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