What does SPY INVEST do?

SPY INVEST is registered with the CBE as active in: Ontwikkeling van residentiële bouwprojecten. Private Limited, started on 1 September 2009, 1 establishment.

What is the address of SPY INVEST?

The registered office of SPY INVEST is located at Drève Richelle 161 Bât.D box 19, 1410 Waterloo.

Is SPY INVEST still active?

Yes. According to the CBE (29 October 2026) SPY INVEST is active, legal situation “Normale toestand”, started on 1 September 2009.

Is SPY INVEST registered on Peppol?

Yes, SPY INVEST is registered on the Peppol network with ID 0208:0818182825.

What is the enterprise number of SPY INVEST?

The enterprise number of SPY INVEST is BE0818182825.

When was SPY INVEST founded?

SPY INVEST was founded on 1 September 2009.

Who are the directors of SPY INVEST?

According to the 2025 annual accounts, the directors of SPY INVEST are: Buzz Management SRL, Natacha Mestdagh.

Is SPY INVEST a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 September 2009; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did SPY INVEST make in 2025?

SPY INVEST posted a profit after taxes of € 112,007 in financial year 2025.

What is the revenue of SPY INVEST?

In its most recent annual accounts (2025), SPY INVEST reported revenue of € 455,497.

SPY INVEST (Private Limited) - Waterloo - BE0818182825

Dossier SPY INVEST, printed on 29 October 2026 from databakkes.be/en/0818182825/spy-invest. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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.
Tight liquidity NBB

Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Figures corrected NBB

Corrected annual account filed for 2024.
Busy address KBO

22 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

SPY INVEST from Waterloo, company number BE0818182825, closed financial year 2025 with a result of € 112,007 after tax. For that financial year SPY INVEST recorded revenue of € 455,497 and equity of € -48,262. Compared with financial year 2024, the result moved from € -156,147 to € 112,007. Profitable, and profit is growing. 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 July 8, 2026.

What it is worth Caution

€ -48,262

▲ € 112,007 vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 112,007

▲ still € 156,147 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 217,501

▲ 18% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € -66,862.

Debts at end 2025

Bank debt

€ 1.5 million

▼ 21% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 13,428

▼ 86% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 38 days on average.

Taxes

€ 50,651

▲ € 41,875 vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 364,740 Revenue 2022: € 364,740 First fiscal year in the series	€ 352,777 Revenue 2023: € 352,777 ▼ 3% vs 2022 (€ 364,740) Unfavourable step	€ 345,263 Revenue 2024: € 345,263 ▼ 2% vs 2023 (€ 352,777) Unfavourable step	€ 455,497 Revenue 2025: € 455,497 ▲ 32% vs 2024 (€ 345,263) Favourable step	▲ 32%
Profit after taxes	€ 85,489 Profit after taxes 2022: € 85,489 First fiscal year in the series	€ 87,852 Profit after taxes 2023: € 87,852 ▲ 3% vs 2022 (€ 85,489) Favourable step	€ -156,147 Profit after taxes 2024: € -156,147 ▼ € 243,999 vs 2023 (€ 87,852) Unfavourable step	€ 112,007 Profit after taxes 2025: € 112,007 ▲ € 268,155 vs 2024 (€ -156,147) Favourable step	▲ € 268,155
Equity	€ -91,974 Equity 2022: € -91,974 First fiscal year in the series	€ -4,122 Equity 2023: € -4,122 ▲ € 87,852 vs 2022 (€ -91,974) Favourable step	€ -160,270 Equity 2024: € -160,270 ▼ € 156,147 vs 2023 (€ -4,122) Unfavourable step	€ -48,262 Equity 2025: € -48,262 ▲ € 112,007 vs 2024 (€ -160,270) Favourable step	▲ € 112,007
Total debts	€ 3,494,255 Total debts 2022: € 3,494,255 First fiscal year in the series	€ 3,320,202 Total debts 2023: € 3,320,202 ▼ 5% vs 2022 (€ 3,494,255) Favourable step	€ 4,000,275 Total debts 2024: € 4,000,275 ▲ 20% vs 2023 (€ 3,320,202) Unfavourable step	€ 3,639,178 Total debts 2025: € 3,639,178 ▼ 9% vs 2024 (€ 4,000,275) Favourable step	▼ 9%
Cash	€ 180,688 Cash 2022: € 180,688 First fiscal year in the series	€ 191,960 Cash 2023: € 191,960 ▲ 6% vs 2022 (€ 180,688) Favourable step	€ 184,048 Cash 2024: € 184,048 ▼ 4% vs 2023 (€ 191,960) Unfavourable step	€ 217,501 Cash 2025: € 217,501 ▲ 18% vs 2024 (€ 184,048) Favourable step	▲ 18%
Land & buildings	€ 3,202,665 Land & buildings 2022: € 3,202,665 First fiscal year in the series	€ 2,965,799 Land & buildings 2023: € 2,965,799 ▼ 7% vs 2022 (€ 3,202,665) Unchanged	€ 3,573,637 Land & buildings 2024: € 3,573,637 ▲ 20% vs 2023 (€ 2,965,799) Unchanged	€ 3,351,356 Land & buildings 2025: € 3,351,356 ▼ 6% vs 2024 (€ 3,573,637) Unchanged	▼ 6%
Retained profit	€ -110,574 Retained profit 2022: € -110,574 First fiscal year in the series	€ -22,722 Retained profit 2023: € -22,722 ▲ € 87,852 vs 2022 (€ -110,574) Favourable step	€ -178,870 Retained profit 2024: € -178,870 ▼ € 156,147 vs 2023 (€ -22,722) Unfavourable step	€ -66,862 Retained profit 2025: € -66,862 ▲ € 112,007 vs 2024 (€ -178,870) Favourable step	▲ € 112,007
Bank debt	€ 2,711,000 Bank debt 2022: € 2,711,000 First fiscal year in the series	€ 2,311,000 Bank debt 2023: € 2,311,000 ▼ 15% vs 2022 (€ 2,711,000) Favourable step	€ 1,911,000 Bank debt 2024: € 1,911,000 ▼ 17% vs 2023 (€ 2,311,000) Favourable step	€ 1,511,000 Bank debt 2025: € 1,511,000 ▼ 21% vs 2024 (€ 1,911,000) Favourable step	▼ 21%
Balance sheet total	€ 3,402,281 Balance sheet total 2022: € 3,402,281 First fiscal year in the series	€ 3,316,080 Balance sheet total 2023: € 3,316,080 ▼ 3% vs 2022 (€ 3,402,281) Unchanged	€ 3,840,006 Balance sheet total 2024: € 3,840,006 ▲ 16% vs 2023 (€ 3,316,080) Unchanged	€ 3,590,916 Balance sheet total 2025: € 3,590,916 ▼ 6% vs 2024 (€ 3,840,006) Unchanged	▼ 6%

Key figures of SPY INVEST, 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 SPY INVEST?

What happened at SPY INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 8, 2026 New annual accounts for financial year 2025: profit of € 112,007. Source: NBB ↗
2025 Buzz Management SRL became a director. NBB
2025 Natacha Mestdagh became a director. NBB
Sep 1, 2009 New establishment in Charleroi. KBO
Sep 1, 2009 Start of the company according to the CBE. KBO

In short

From € 85,489 profit in 2022 to € 112,007 profit in 2025.

Paid € 69,673 in corporate taxes since 2022.

Best year ever: 2025, with € 112,007 profit.

Pays suppliers within 38 days on average.

Original PDFs at the National Bank ↗

Management

NEW MECCO 99.5%

JEC INVEST 0.5%

The stake of NEW MECCO, JEC INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

SPY INVEST

Behind SPY INVEST are Buzz Management SRL and Natacha Mestdagh. The shares are held by NEW MECCO (99.5%) and JEC INVEST (0.5%).

Directors

According to the 2025 annual accounts

Buzz Management SRL

Director · represented by Eric Mestdagh

Also active at: MECCO-GOSSENT, GERNEL, MESTDAGH, FIDAGH, France DISTRIBUTION, EMHC, HANGAR, MYGROCERY +2 more

since 2025

Natacha Mestdagh

Director

Also active at: MECCO-GOSSENT, BVBA PANTA REI, MEDEA

since 2025

Shareholders

NEW MECCO

99.5%

JEC INVEST

0.5%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Drève Richelle 161 Bât.D box 19

1410 Waterloo

2.181.644.024

Avenue Jean Mermoz 1 box 4

6041 Charleroi

Active since 1 September 2009

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 22 companies are registered at this address.

All companies at this address →

MECCO-GOSSENT same network

€ 5.3 million revenue · 2025

ALIPHIL

€ 164,090 revenue · 2025

SUPALI

€ 8,600 revenue · 2025

CSE H2

BELMONT PROPERTIES

+17 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: 0818.182.825
VAT number: BE 0818.182.825
Registered office: Drève Richelle 161 Bât.D bus 19, 1410 Waterloo
Names & denominations: SPY INVEST
Enterprise type: Rechtspersoon
Legal form: Private limited company
Legal situation: Normale toestand
Start date: 1 September 2009
Peppol: Active · Active since 1 Jan 2001
Activities · NACE: Ontwikkeling van residentiële bouwprojecten

View on CBE Public ↗ Annual accounts (NBB) ↗