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 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SPIESSENS K. HORSES from Lokeren, company number BE0824607490, closed financial year 2025 with a result of € 5,167 after tax. For that financial year SPIESSENS K. HORSES recorded a gross margin of € 125,654 and equity of € 12,705. Compared with financial year 2024, the result moved from € 36,746 to € 5,167. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 28, 2026.
€ 12,705
▲ 69% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,167
▼ 86% vs 2024
Profit after tax over the fiscal year.
€ 13,603
▲ 255% 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 € -5,895.
People and assets in 2025
€ 9,795
▼ 43% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 54,496
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 874,814
▼ 6% vs 2024
€ 58,599 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 23,148
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,822
▲ 242% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 121,334 | € 96,423 | € 165,096 | € 125,654 | ▼ 24% |
| Profit after taxes | € 296 | € -35,395 | € 36,746 | € 5,167 | ▼ 86% |
| Equity | € 6,187 | € -29,208 | € 7,538 | € 12,705 | ▲ 69% |
| Total debts | € 1,542,054 | € 1,493,846 | € 1,404,317 | € 1,296,565 | ▼ 8% |
| Cash | € 16,760 | € 12,841 | € 3,828 | € 13,603 | ▲ 255% |
| Land & buildings | € 847,206 | € 788,839 | € 732,995 | € 677,151 | ▼ 8% |
| Retained profit | € -12,413 | € -47,808 | € -11,062 | € -5,895 | ▲ € 5,167 |
| Bank debt | € 986,897 | € 952,475 | € 931,094 | € 874,814 | ▼ 6% |
| Balance sheet total | € 1,548,241 | € 1,464,638 | € 1,411,855 | € 1,309,270 | ▼ 7% |
By gross margin, SPIESSENS K. HORSES ranks 88th of 191 companies with main activity “Exploitatie van sportaccommodaties” in East Flanders that publish figures (fiscal year 2025).
Key figures of SPIESSENS K. HORSES, 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.
Ask about SPIESSENS K. HORSES the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
Connect ChatGPT or Claude for free- ChatGPT
- Claude
Free account, no payment card. Key figures unlimited, the annual accounts and deeds of 10 companies a month. Need more? Get in touch, we are looking for our first pilot users.
What happened to SPIESSENS K. HORSES?
What happened at SPIESSENS K. HORSES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,167 (▼ 86% vs 2024). Source: NBB ↗
- New establishment in Lokeren. KBO
- Start of the company according to the CBE. KBO
In short
From € 296 profit in 2022 to € 5,167 profit in 2025.
Best year ever: 2024, with € 36,746 profit.
Management
Behind SPIESSENS K. HORSES are Kevin Spiessens and Frederik Spiessens.
Directors
According to the 2025 annual accounts
Kevin Spiessens
Director
Frederik Spiessens
Director
Establishments
Establishment units
Physical locations of this company
Pereboomsteenweg 30
9180 Lokeren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Similar companies in East Flanders
Same main activity (Exploitatie van sportaccommodaties), 349 active companies in East Flanders, largest first.
€ 7.1 million revenue · 2025 · Gent
Autonoom Gemeentebedrijf SportAG
€ 6.9 million gross margin · 2025 · Aalst
€ 6.2 million revenue · 2025 · Gent
€ 5.7 million revenue · 2025 · Gent
€ 5.5 million revenue · 2026 · Beveren-Kruibeke-Zwijndrecht
€ 4.5 million gross margin · 2025 · Beveren-Kruibeke-Zwijndrecht
Details
- Company number
- 0824.607.490
- VAT number
- BE 0824.607.490
- Registered office
- Pereboomsteenweg 30, 9180 Lokeren
- Names & denominations
- SPIESSENS K. HORSES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 2010
- Peppol
- Active · Active since 31 Aug 2023
- Activities · NACE
Exploitatie van sportaccommodaties
Activiteiten van paardensportclubs
Activiteiten van overige sportclubs
Groothandel in levende dieren, muv levend vee
Fokken en houden van paarden en andere paardachtigen
Groothandel in veevoeders