SPANORAMA
Annual accounts 2025
abbreviated format, filed on 03-07-2026, 28 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.2m. Estimated: probably between €1.6m and €2.8m.
Balance sheet
balance sheet total €2.5m on 31-12-2025in €m
in euro
Position in the sector
43.5%
Higher than 49% of 9,950 companies in 2025.
3.07
Higher than 75% of 9,814 companies in 2025.
2.9%
Higher than 39% of 9,883 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half
Staff
€64,185
Staff costs divided by the average number of full-time equivalents.
level
In 2025, 2 people joined and 2 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
2.5m | 2.1m | 1.2m | 1.3m | 907,433 | 724,691 | 303,186 | |
20 |
- | - | 0 | 193 | 462 | 731 | 999 | |
21/28 |
1.5m | 1.2m | 10,423 | 9,677 | 8,200 | 8,733 | 6,961 | |
21 |
14,520 | - | - | - | - | - | - | |
22/27 |
1.5m | 1.2m | 10,423 | 9,677 | 8,200 | 8,733 | 6,961 | |
22 |
1.3m | 1.2m | - | - | - | - | - | |
23 |
144,165 | 17,380 | 1,330 | 2,297 | 3,340 | 4,383 | 1,012 | |
24 |
15,406 | 15,151 | 9,093 | 7,381 | 4,860 | 4,350 | 5,950 | |
28 |
24,000 | - | - | - | - | - | - | |
29/58 |
987,460 | 911,472 | 1.2m | 1.3m | 898,772 | 715,227 | 295,226 | |
29 |
- | - | 1,667 | 4,396 | - | - | - | |
291 |
- | - | 1,667 | 4,396 | - | - | - | |
3 |
120,895 | 193,179 | 274,355 | 472,736 | 87,052 | 111,459 | 24,962 | |
30/36 |
120,895 | 193,179 | 274,355 | 374,904 | 87,052 | 111,459 | 24,962 | |
37 |
- | - | - | 97,833 | - | - | - | |
40/41 |
335,638 | 234,999 | 612,863 | 386,429 | 306,209 | 225,331 | 154,818 | |
40 |
289,010 | 132,271 | 461,372 | 323,452 | 271,639 | 194,842 | 152,625 | |
41 |
46,628 | 102,728 | 151,491 | 62,976 | 34,570 | 30,488 | 2,193 | |
54/58 |
516,131 | 466,311 | 261,201 | 389,257 | 488,238 | 363,902 | 92,453 | |
490/1 |
14,797 | 16,983 | 20,129 | 13,685 | 17,273 | 14,536 | 22,992 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
2.5m | 2.1m | 1.2m | 1.3m | 907,433 | 724,691 | 303,186 | |
10/15 |
1.1m | 1.0m | 928,250 | 738,250 | 632,884 | 463,106 | 191,619 | |
10/11 |
60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | |
100 |
- | - | - | - | - | - | 60,000 | |
13 |
1.0m | 952,124 | 868,250 | 678,250 | 572,884 | 403,106 | 131,619 | |
133 |
1.0m | 952,124 | 868,250 | 678,250 | 572,884 | 403,106 | 131,619 | |
17/49 |
1.4m | 1.1m | 252,389 | 538,124 | 274,549 | 261,585 | 111,567 | |
17 |
1.1m | 922,977 | - | - | - | 11,111 | - | |
170/4 |
1.1m | 922,977 | - | - | - | 11,111 | - | |
42/48 |
321,696 | 209,380 | 252,389 | 398,229 | 274,549 | 250,474 | 111,567 | |
42 |
66,647 | 43,620 | 756 | 756 | 53,533 | 66,667 | - | |
44 |
192,896 | 99,470 | 196,077 | 233,178 | 175,195 | 128,390 | 76,615 | |
440/4 |
192,896 | 99,470 | 196,077 | 233,178 | 175,195 | 128,390 | 76,615 | |
45 |
58,349 | 63,266 | 52,950 | 53,776 | 32,973 | 54,997 | 34,552 | |
450/3 |
9,119 | 8,462 | 8,075 | 24,013 | 18,681 | 41,678 | 34,552 | |
454/9 |
49,231 | 54,804 | 44,874 | 29,763 | 14,292 | 13,320 | - | |
47/48 |
3,803 | 3,024 | 2,606 | 110,520 | 12,847 | 420 | 399 | |
492/3 |
- | - | - | 139,895 | - | - | - | |
| Income statement | ||||||||
76A |
- | 3,500 | 30,059 | - | - | - | - | |
9900 |
749,999 | 764,128 | 842,721 | 671,305 | 600,858 | 565,755 | 195,719 | |
62 |
545,569 | 590,127 | 551,358 | 362,877 | 357,068 | 200,391 | 16,098 | |
630 |
60,588 | 40,927 | 10,980 | 15,491 | 3,841 | 2,354 | 2,743 | |
631/4 |
- | - | - | 9,977 | - | - | - | |
640/8 |
6,546 | 16,526 | 20,557 | 10,074 | 15,709 | 5,744 | 642 | |
9901 |
137,296 | 116,548 | 259,826 | 272,886 | 224,240 | 357,267 | 176,236 | |
75/76B |
1,327 | 819 | 440 | 231 | 1,834 | 63 | 31 | |
75 |
1,327 | 819 | 440 | 231 | 1,834 | 63 | 31 | |
65/66B |
39,284 | 24,044 | 2,025 | 2,488 | 3,029 | 2,316 | 1,497 | |
65 |
39,284 | 24,044 | 2,025 | 2,488 | 3,029 | 2,316 | 1,497 | |
9903 |
99,339 | 93,323 | 258,240 | 270,629 | 223,045 | 355,013 | 174,771 | |
67/77 |
25,709 | 9,449 | 68,240 | 65,263 | 53,267 | 83,526 | 43,151 | |
9904 |
73,631 | 83,874 | 190,000 | 205,366 | 169,777 | 271,487 | 131,619 | |
9905 |
73,631 | 83,874 | 190,000 | 205,366 | 169,777 | 271,487 | 131,619 | |
| Appropriation of the result | ||||||||
9906 |
73,631 | 83,874 | 190,000 | 205,366 | 169,777 | 271,487 | 131,619 | |
691/2 |
73,631 | 83,874 | 190,000 | 105,366 | 169,777 | 271,487 | 131,619 | |
6921 |
73,631 | 83,874 | 190,000 | 105,366 | 169,777 | 271,487 | 131,619 | |
694/7 |
- | - | - | 100,000 | - | - | - | |
694 |
- | - | - | 100,000 | - | - | - | |
| Social balance sheet | ||||||||
9087 |
8.5 | 9.5 | 8.1 | 6.3 | 6.3 | 3.9 | 1 | |
Hours worked1013 |
13,689 | 15,166 | 14,133 | 11,079 | 11,029 | 6,521 | 704 | |
| Document | ||||||||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 03-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 03-07-2026 | 2026-00247377 | |
| 31-12-2024 | abbreviated format | 01-07-2025 | 2025-00205460 | |
| 31-12-2023 | abbreviated format | 27-06-2024 | 2024-00170033 | |
| 31-12-2022 | abbreviated format | 19-05-2023 | 2023-00093872 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20390373 | |
| 31-12-2020 | micro format | 23-08-2021 | 2021-51500379 | |
| 31-12-2019 | micro format | 07-08-2020 | 2020-39800405 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 197,884 | 157,475 | 270,806 | 288,377 | 228,080 | 359,620 | 178,979 | ||
| 134,219 | 124,801 | 200,981 | 220,858 | 173,618 | 273,840 | 134,362 | ||
| 338,813 | 1.3m | 11,534 | 16,700 | 3,039 | 3,856 | 9,360 | ||
| 49,821 | 205,109 | -128,056 | -98,981 | 124,336 | 271,449 | - | ||
| 665,765 | 702,091 | 917,827 | 868,275 | 624,222 | 464,754 | 183,659 | ||
| 43.5% | 47.2% | 78.6% | 57.8% | 69.7% | 63.9% | 63.2% | ||
| 3.07 | 4.35 | 4.64 | 3.18 | 3.27 | 2.86 | 2.65 | ||
| 2.69 | 3.43 | 3.55 | 1.99 | 2.96 | 2.41 | 2.42 | ||
| 1.30 | 1.12 | 0.27 | 0.73 | 0.43 | 0.56 | 0.58 | ||
| 6.8% | 8.3% | 20.5% | 27.8% | 26.8% | 58.6% | 68.7% | ||
| 2.9% | 3.9% | 16.1% | 16.1% | 18.7% | 37.5% | 43.4% | ||
| 5.04 | 6.55 | over 100 | over 100 | 75.30 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 8 | 8 | 8 | 7 | 5 |
| full-time | 8 | 8 | 8 | 7 | 5 |
| in full-time equivalents | 8 | 8 | 8 | 7 | 5 |
| 8.5 | 9.5 | 8.1 | 6.3 | 6.3 | |
| On a permanent contract | 8 | 8 | 8 | 7 | 5 |
| Joined | 2 | 3 | 2 | 4 | 2 |
| Left | 2 | 3 | 1 | 2 | 3 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €297,868 | €1.3m | €11,534 | €16,700 | €3,039 |
| Intangible fixed assets | €16,946 | - | - | - | - |
| Financial fixed assets | €24,000 | - | - | - | - |
| €60,588 | €40,927 | €10,980 | €15,491 | €3,841 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on SPANORAMA
The operating result for 2025 is 18% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 52.8% to 56.5%. Equity and debt are higher.