Equity
€27.5m ▼ 0.6%
SPA MONOPOLE, Compagnie Fermière de Spa paid out €10.8m in dividends. That is 98% of the 2025 profit.
SPA MONOPOLE, Compagnie Fermière de Spa
Lifetime
5 annual accounts with figures on one time axis, 45 filings since 1981peak €155.1m (2025)
€155.1m▲ 6.8%
peak €11.1m (2025)
€11.1m▲ 91.7%
peak €28.9m (2021)
€27.5m▼ 0.6%
€99.9m▲ 5.7%
peak 494.5 FTE (2025)
494.5 FTE▲ 5.0%
Board5 names since 2018
2 directorsGerefis SA and 1 other
Owners3 names in the annual accounts
99.99%SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION and 2 others
Documentsfilings and deeds
01-07-202630 days before the deadline
2025financial year
Result from €5.8m to €11.1mResignations & appointments 09-07Resignation: Didier De Sorgher (director) 28-04Dividend €10.8m
Key points
from the 2025 annual accountsResult
€11.1m ▲ 91.7%
The result rose in 2025 from €5.8m to €11.1m.
Debts
€99.9m 77% of the balance sheet
Suppliers 20%Taxes and wages 15%Other 65%
Of this, €98.5m falls due within a year.
Investments
€8.8m 1.8 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 21.0% higher than in 2024.
Filings
45 annual accounts since 1981
The last five annual accounts were filed 30 to 33 days before the end of the period.
Position in the sector
€11.1m
Higher net result than 95% of companies in beverages. Sector median €33,404 · 105 companies.
Checked score
84
Excellent
Financially stronger than 41% of all companies
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 8 companies (NACE 11, large).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.3%▼ -0.1 percentage points vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.4%▲ +0.1 percentage points vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.3%▼ -0.2 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.4%▲ +0.1 percentage points vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.3%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.34, cash €935,498
Equity €27.5m (21.1% of total assets)
lowers risk
Founded in 1980
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies). It does better than 33% of them on solvency, 8% on liquidity, 69% on profitability and 54% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 101 companies had the same profile as SPA MONOPOLE, Compagnie Fermière de Spa has now. Each dot is one company, two years later.
97.0%
were still trading
1.0%
stopped another way
2.0%
went bankrupt
The bankruptcy probability of SPA MONOPOLE, Compagnie Fermière de Spa itself is lower: 0.3% within 12 months. It rests on far more data about SPA MONOPOLE, Compagnie Fermière de Spa than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 101 companies, not a prediction for SPA MONOPOLE, Compagnie Fermière de Spa. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,300,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.34 (0.34 in 2024), below 1. Short-term debt is 75.6% and cash 0.7% of total assets. 78.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 days early
2024
31 days early
2023
30 days early
2022
33 days early
2021
32 days early
2020
39 days early
2019
43 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 34 days before the deadline. In the sector (NACE 11), the median for financial year 2024 was 2 days before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION 99.99%score 96equity €254.2m (2025) · annual accounts 2025
- BRU-CHEVRON 0.01%score 69equity €9.4m (2024) · annual accounts 2025
Shares in 3 companies, including BRU-CHEVRON and Les Grandes Sources de Wattwiller
Board & ownershipRecent changes
Permanent representative: David Talavera
Reappointment: Spadel SA (director) · General meeting of 03-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0420834005
Resignations & appointments
Board meeting of 01-04-2025 · Gazette deed
Resignation: Didier De Sorgher (director)
Permanent representative: Amaury Collette · Board meeting of 10-03-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SPA MONOPOLE, Compagnie Fermière de Spa Spa | €155.1m | 5.6% | 21.1% | 494.5 |
| P.B.I. FRUIT JUICE COMPANY Bruges | €213.2m | 3.6% | 67.5% | 250.7 |
| SCHWEPPES SUNTORY BENELUX Hoeilaart | €141.6m | 2.2% | 43.9% | 109 |
| Culligan Belgium Londerzeel | €45.1m | 13.5% | 8.8% | 186 |
| REFRESCO Ninove | €25.5m | 8.9% | 85.4% | 181.9 |
| Minute Maid Juices Anderlecht | €16.6m | 18.4% | 94.2% | - |
| Ordal Ranst | €20.9m | 13.0% | 45.3% | 40.5 |
Grey: the largest companies of the sector (beverages (NACE 11)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SPA MONOPOLE, Compagnie Fermière de Spa: manufacture of beverages (NACE 11070). They are comparable in size and age: total assets between €17m and €153m, founded between 1970 and 2001.
Official details
Source: KBO- Status
- Active since 01-10-1980Normal situation
- Activity
- Manufacture of beveragesNACE 11070and 2 others
- Joint committees
- 118Food industry
- 220White-collar workers in the food industry · annual accounts 2025
- Establishment units
- 2.018.016.6054900 Spa, since 01-10-1980
- 2.018.016.7044900 Spa, since 01-10-1980and 2 others
- Financial year end
- 31 December
- Peppol
- Reachable since 25-11-2025
Annual accounts 2025
- €130.2m▲ 3.9%
- Employeeson 31-12-2025
- 507▲ 6.3%
- Filing
- Filed on 01-07-2026, 30 days before the end of the filing period
Companies linked to SPA MONOPOLE, Compagnie Fermière de Spa
Parent and group
Insights on SPA MONOPOLE, Compagnie Fermière de Spa
SPA MONOPOLE, Compagnie Fermière de Spa has existed since 1980. Turnover grew from €115.2m in 2021 to €155.1m in 2025.
Turnover has grown every year since 2021.
SOCIETE DE SERVICES, DE PARTICIPATIONS, DE DIRECTION ET D'ELABORATION holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SPA MONOPOLE, Compagnie Fermière de Spa
- What is the company number of SPA MONOPOLE, Compagnie Fermière de Spa?
- The company number of SPA MONOPOLE, Compagnie Fermière de Spa is 0420.834.005. The VAT number is the same number with BE in front: BE 0420.834.005.
- Where is SPA MONOPOLE, Compagnie Fermière de Spa based?
- The registered office is at Rue Auguste Laporte 34, 4900 Spa.Company details
- What does SPA MONOPOLE, Compagnie Fermière de Spa do?
- According to the KBO register, the main activity is manufacture of beverages (NACE 11070).
- What is the legal form of SPA MONOPOLE, Compagnie Fermière de Spa?
- SPA MONOPOLE, Compagnie Fermière de Spa is a public limited company (NV).
- When was SPA MONOPOLE, Compagnie Fermière de Spa founded?
- SPA MONOPOLE, Compagnie Fermière de Spa was founded on 01-10-1980.
- Is SPA MONOPOLE, Compagnie Fermière de Spa still active?
- Yes, SPA MONOPOLE, Compagnie Fermière de Spa is an active enterprise in the KBO register.
- How many employees does SPA MONOPOLE, Compagnie Fermière de Spa have?
- SPA MONOPOLE, Compagnie Fermière de Spa had an average of 494.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SPA MONOPOLE, Compagnie Fermière de Spa fall under?
- In its 2025 annual accounts, SPA MONOPOLE, Compagnie Fermière de Spa states joint committees 118 (Food industry) and 220 (White-collar workers in the food industry).
- What is the turnover of SPA MONOPOLE, Compagnie Fermière de Spa?
- The turnover of SPA MONOPOLE, Compagnie Fermière de Spa was €155.1m in financial year 2025, according to the filed annual accounts.
- Is SPA MONOPOLE, Compagnie Fermière de Spa profitable?
- In financial year 2025, SPA MONOPOLE, Compagnie Fermière de Spa made a profit of €11.1m.
- Where can I find the annual accounts of SPA MONOPOLE, Compagnie Fermière de Spa?
- SPA MONOPOLE, Compagnie Fermière de Spa filed 45 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SPA MONOPOLE, Compagnie Fermière de Spa due?
- SPA MONOPOLE, Compagnie Fermière de Spa must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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