Spiromatic
ActiveSummary
Spiromatic has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.21M and a net result of €1.08M. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 34% of 311 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▲+1
Solvency55▲+6
Growth74▲+28
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €400k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.28 in 2024; short-term debt: 63.2% and cash: 11.6% of total assets), and 70.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.7%
Return on assets
5.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €6.21M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
28 d early
2023
35 d early
2022
21 d early
2021
17 d early
2020
15 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€48.60M▲ 95.2%
2024 · €24.90M
2018: €24.59M
2019: €28.07M
2020: €20.25M
2021: €24.05M
2022: €35.94M
2023: €27.96M
2024: €24.90M
2018 → 2025
EBIT margin
3.2%▲ 0.5pp
2024 · 2.7%
2018: 4.3%
2019: 5.3%
2020: 5.9%
2021: 6.2%
2022: -1.8%
2023: 0.2%
2024: 2.7%
2018 → 2025
Net result
€1.08M▲ 111%
2024 · €513k
2018: €724k
2019: €985k
2020: €828k
2021: €1.10M
2022: €-656k
2023: €-461k
2024: €513k
2018 → 2025
Working capital
€5.46M▲ 30.3%
2024 · €4.19M
2018: €3.36M
2019: €3.34M
2020: €3.90M
2021: €4.88M
2022: €4.64M
2023: €3.89M
2024: €4.19M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€24.05M-€35.94M▲ 49.4%€27.96M▼ 22.2%€24.90M▼ 11.0%€48.60M▲ 95.2%
Equity€6.77M-€6.11M▼ 9.7%€4.92M▼ 19.5%€5.20M▲ 5.6%€6.21M▲ 19.4%
Operating result€1.48M-€-634k€51k€679k▲ 1,235%€1.56M▲ 129%
Net result€1.10M-€-656k€-461k▲ 29.7%€513k€1.08M▲ 111%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 129% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20.85M
Fixed assets
€2.21M ▲ 3.8%
Current assets
€18.64M ▼ 3.3%
Equity and liabilities €20.87M
Equity
€6.21M ▲ 19.4%
Provisions
€159k
Debt
€14.50M ▼ 10.6%
Debt's share of the balance-sheet total falls from 75.7% to 69.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.31M▲
2024 · €1.44M
Cash flow
€1.84M▲
2024 · €1.27M
Current ratio
1.41▲
2024 · 1.28
Quick ratio
0.77▲
2024 · 0.70
Debt to equity
2.34▼
2024 · 3.12
ROE
17.5%▲
2024 · 9.9%
ROA
5.2%▲
2024 · 2.4%
Interest coverage
27.40▲
2024 · 15.42
Debt ≤ 1 year
€13.18M▼
2024 · €15.08M
Debt > 1 year
€550k▼
2024 · €785k
Income taxes
€454k▲
2024 · €149k
Staff costs
€9.00M▲
2024 · €8.09M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 99 lines
Balance sheet
Code20242025
Assets
Total assets20/58€21.42M€20.87M▼
Formation expenses20€25k€19k▼
Fixed assets21/28€2.13M€2.21M▲
Intangible fixed assets21€417k€431k▲
Tangible fixed assets22/27€1.71M€1.77M▲
Land and buildings22€803k€814k▲
Plant, machinery and equipment23€189k€324k▲
Furniture and vehicles24€700k€617k▼
Other tangible fixed assets26€16k€19k▲
Financial fixed assets28€6k€6k▲
Affiliated companies280/1€5k€5k=
Participating interests280€5k€5k=
Other financial fixed assets284/8€734€1k▲
Amounts receivable and cash guarantees285/8€734€1k▲
Current assets29/58€19.26M€18.64M▼
Amounts receivable after more than one year29€306k€364k▲
Other amounts receivable291€306k€364k▲
Stocks and contracts in progress3€8.68M€8.43M▼
Stocks30/36€7.07M€7.32M▲
Raw materials and consumables30/31€7.07M€7.32M▲
Contracts in progress37€1.61M€1.11M▼
Amounts receivable within one year40/41€6.44M€6.21M▼
Trade receivables40€5.62M€5.62M▼
Other amounts receivable41€824k€593k▼
Current investments50/53€975k€500k▼
Other investments51/53€975k€500k▼
Cash at bank and in hand54/58€2.16M€2.43M▲
Deferred charges and accrued income490/1€700k€711k▲
Equity and liabilities
Total equity and liabilities10/49€21.42M€20.87M▼
Equity10/15€5.20M€6.21M▲
Contributions10/11€742k€742k=
Capital10€742k€742k=
Issued capital100€742k€742k=
Reserves13€4.46M€5.47M▲
Non-distributable reserves130/1€74k€74k=
Legal reserve130€74k€74k=
Tax-exempt reserves132€35k€35k=
Distributable reserves133€4.35M€5.36M▲
Provisions and deferred taxes16-€159k
Provisions for liabilities and charges160/5-€159k
Other liabilities and charges164/5-€159k
Amounts payable17/49€16.22M€14.50M▼
Amounts payable after more than one year17€785k€550k▼
Financial debts170/4€785k€550k▼
Credit institutions173€785k€550k▼
Amounts payable within one year42/48€15.08M€13.18M▼
Current portion of amounts payable after more than one year42€633k€1.12M▲
Financial debts43-€41k
Credit institutions430/8-€41k
Trade debts44€3.06M€3.29M▲
Suppliers440/4€3.06M€3.29M▲
Advances received on contracts in progress46€9.89M€6.94M▼
Taxes, remuneration and social security45€1.41M€1.69M▲
Taxes450/3€317k€455k▲
Remuneration and social security454/9€1.09M€1.23M▲
Other amounts payable47/48€86k€96k▲
Accrued charges and deferred income492/3€358k€771k▲
Income statement
Code20242025
Operating income70/76A€43.74M€46.43M▲
Turnover70€24.90M€48.60M▲
Change in stocks of work in progress, finished goods and contracts in progress71€17.77M€-3.41M▼
Own construction capitalised72€189k€229k▲
Other operating income74€879k€1.01M▲
Non-recurring operating income76A€909€905▼
Operating charges60/66A€43.06M€44.87M▲
Goods for resale, raw materials and consumables60€26.45M€26.50M▲
Purchases600/8€27.84M€26.74M▼
Change in stocks: decrease (increase)609€-1.38M€-241k▲
Services and other goods61€7.72M€8.41M▲
Remuneration, social security and pensions62€8.09M€9.00M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€758k€754k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-22k€-305▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€63k
Other operating charges640/8€56k€27k▼
Operating charges capitalised as restructuring costs649€0-
Non-recurring operating charges66A€0€116k▲
Operating profit (loss)9901€679k€1.56M▲
Financial income75/76B€136k€375k▲
Recurring financial income75€136k€375k▲
Income from current assets751€80k€44k▼
Other financial income752/9€56k€332k▲
Financial charges65/66B€153k€394k▲
Recurring financial charges65€153k€394k▲
Debt charges650€93k€84k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€0-
Other financial charges652/9€60k€310k▲
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€662k€1.54M▲
Income taxes67/77€149k€454k▲
Taxes670/3€149k€454k▲
Profit (loss) for the period9904€513k€1.08M▲
Profit (loss) for the period to be appropriated9905€513k€1.08M▲
Appropriation of the result
Profit (loss) to be appropriated9906€513k€1.08M▲
Transfer from equity791/2€162k€0▼
From reserves792€162k€0▼
Transfer to equity691/2€438k€1.01M▲
To other reserves6921€438k€1.01M▲
Profit to be distributed694/7€237k€75k▼
Return on contributions (dividend)694€237k€75k▼
Social balance
Average headcount (FTE)908792.1102.1▲
The notes to these accounts (102 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
20-03
State Gazette act
Resignation: Peter Ramaut BV (director)Appointments: Peter Ramaut (director) and Capten (director)4 facts ▸
State Gazette act
Resignation: Peter Ramaut BV (director)
Appointments: Peter Ramaut (director) and Capten (director)4 facts ▸
- General meeting, 10/02/2026
- Director resignation, Peter Ramaut BV (director)
- Director appointment, Peter Ramaut (director)
- Director appointment, Capten (director)
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €513k
Net result €513k after 2 loss-making years.
31-12
Financial
Equity above €5MEq €5.20M ▲5.6%
Equity rises from €4.92M to €5.20M.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-656k ▼159%
Net result drops to €-656k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €1.10M ▲33.3%
Net result €1.10M, the highest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial
Equity above €5MEq €5.34M ▲16%
2 profitable years in a row build equity to €5.34M.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
CAPTEN
CurrentDirector · since 10-02-2026 · Public limited company
Peter Ramaut
CurrentDirector · since 10-02-2026
10-02-2026
CAPTEN: Appointed as Director
10-02-2026
Peter Ramaut: Appointed as Director
Location & real-estate footprint
Registered office, Nazareth-De Pinte · 1 establishment unit since 1986
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Karreweg 19810 Nazareth-De PinteGround area
2.0 ha
Building footprint
9,316 m²
Volume, LiDAR
81,312 m³
Parcel 44048A0117/00G000, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SPIROMATIC NV
since 19862.036.979.016
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44048A0117/00G000 | Flanders | 2.0 ha | 1 · 9,316 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
2 connected companiesLinked via shared directors
Shared corporate director
→
Shared corporate director
→
Public money · subsidies and aid
Flemish government
2022 to 2025 · 14 entries · 413,794 EUR awarded · 248,526 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 5 | 24,925 EUR | 126,142 EUR |
| 2024 | 4 | 279,051 EUR | 11,595 EUR |
| 2023 | 3 | 100,207 EUR | 101,178 EUR |
| 2022 | 2 | 9,611 EUR | 9,611 EUR |
Schemes
Ontwikkelingsproject
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
984500BB7C2DCA1ADA85
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Of 462 companies in sector 28250 we hold annual accounts for 285. 99 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-05-1986
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
28250Manufacture of machinery and equipment not elsewhere classified
25220Manufacture of fabricated metal products, except machinery and equipment
28930Manufacture of machinery and equipment not elsewhere classified
78200Temporary employment agencies and other provision of personnel
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.