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 3 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
SPA GRAND PRIX from Stavelot, company number BE0884035135, closed financial year 2025 with a result of € -2.6 million after tax. For that financial year SPA GRAND PRIX recorded revenue of € 45.9 million and equity of € -2.7 million. Compared with financial year 2024, the result moved from € -2.8 million to € -2.6 million. The company made a loss. 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 6, 2026.
€ -2.7 million
▼ € 2.6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.6 million
▲ 8 % less loss than in 2024
Profit after tax over the fiscal year.
€ 13.6 million
▲ € 10.3 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.3 million.
People and assets in 2025
9
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 13% vs 2024
€ 118,700 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.
€ 68,790
▼ 1% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.3 million
▲ 204% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 10 days on average.
€ 870,713
▲ € 699,213 vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 28,328,521 | € 39,578,204 | € 40,860,941 | € 45,873,249 | ▲ 12% |
| Profit after taxes | € -5,687,825 | € -2,263,040 | € -2,765,978 | € -2,555,186 | ▲ € 210,792 |
| Equity | € -3,061,023 | € 363,936 | € -139,042 | € -2,694,228 | ▼ € 2.6 million |
| Total debts | € 27,925,262 | € 27,281,042 | € 19,808,412 | € 26,952,908 | ▲ 36% |
| Cash | € 22,916,642 | € 14,043,271 | € 3,260,682 | € 13,579,753 | ▲ € 10.3 million |
| Land & buildings | € 18,868 | € 26,484 | € 18,881 | € 32,403 | ▲ 72% |
| Retained profit | € -5,687,825 | € -2,263,040 | € -2,765,978 | € -5,321,165 | ▼ € 2.6 million |
| Balance sheet total | € 24,864,238 | € 27,644,979 | € 19,669,370 | € 24,258,680 | ▲ 23% |
| Employees (FTE) | 8 | 9 | 9 | 9 |
Key figures of SPA GRAND PRIX, 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 SPA GRAND PRIX?
What happened at SPA GRAND PRIX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Georges Louis Bouchez stepped down as director. NBB
- Melchior Wathelet stepped down as director. NBB
- Amaury Bertholomé stepped down as director. NBB
- Valentin Deminne stepped down as director. NBB
- Sébastien Durieux stepped down as director. NBB
- Laurent Louyet stepped down as director. NBB
- Philippe Buelen stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.6 million. Source: NBB ↗
In short
From € 5.7 million loss in 2022 to € 2.6 million loss in 2025.
Paid € 215,322 in corporate taxes since 2022.
Pays suppliers within 10 days on average.
A new publication or filing at SPA GRAND PRIX? 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
Directors
According to the 2025 annual accounts
Georges Louis Bouchez
Vice-chairman of the board
since 2025 · until 2030
Melchior Wathelet
Chairman of the board
since 2025 · until 2030
Amaury Bertholomé
Director
Also active at: Société Nationale de Construction Aérospatiale, SAFRAN AERO BOOSTERS
since 2025 · until 2030
Valentin Deminne
Director
since 2025 · until 2030
Sébastien Durieux
Director
Also active at: ESPACE FINANCEMENT, SOCIETE MIXTE DE DEVELOPPEMENT IMMOBILIER, Le Circuit de Spa Francorchamps, Durobor Real Estate, SOCIETE DES CAUTIONS MUTUELLES DE WALLONIE
since 2025 · until 2030
Laurent Louyet
Director
Also active at: LOUYET LIEGE, Louyet Verviers, LOUYET WAVRE, GARAGE THIRY SPRL, LA DYLE BIKE, LOUYET NAMA, LOUYET OVERIJSE, LOUYET MARIEMBOURG +27 more
since 2025 · until 2030
Claude Grégoire
Director
Also active at: FLUXYS BELGIUM, CONSTRUCTIONS ELECTRONIQUES + TELECOMMUNICATIONS, C.P.D.H., ELIA ASSET, Elia Group, LLN SERVICES, ALPHA INNOVATIONS, CE+T Energrid +10 more
since 2025 · until 2025
Michael Van Loubbeeck
Director
since 2025 · until 2025
Philippe Buelen
Director
since 2025 · until 2030
Establishments
Establishment units
Physical locations of this company
Route du Circuit 36
4970 Stavelot
Route du Circuit 38
4970 Stavelot
Active since 17 October 2006
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
spagrandprix.com
Registered
2006-08-30
Registrar
Gandi SAS
Expires
2026-08-30
Website info
Features
Security
Network
Details
- Company number
- 0884.035.135
- VAT number
- BE 0884.035.135
- Registered office
- Route du Circuit 36, 4970 Stavelot
- Names & denominations
- SPA GRAND PRIX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 October 2006
- Peppol
- Active · Active since 9 Apr 2026
- Contact
- spagrandprix.com
- Activities · NACE
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