SPIRAX - SARCO
The computed 12-month bankruptcy probability of SPIRAX - SARCO is 0.2% (very low). The 2024 annual accounts show equity of €4.81M and a net result of €2.96M. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 66% of 542 sector peers (fiscal year 2024). The company has been active since 1952 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €4.81M |
| Net result | €2.96M |
| Staff (FTE) | 48.5 |
| Better than sector | 66% |
Exceptional profile, strong across almost every axis.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 48.1% | 31.0% | |
| Net result | €2.96M | €48k | |
| Equity | €4.81M | €469k | |
| Staff costs | €4.89M | €496k | |
| Employees (FTE) | 48.5 | 7.6 |
| Fiscal year | 2024 |
|---|---|
| Revenue | €20.67M |
| EBITDA | €4.53M |
| Net profit | €2.96M |
| Cash flow | €3.24M |
| Staff costs | €4.89M |
| Income taxes | €1.14M |
| Dividends | €2.50M |
| Total assets | €10.00M |
| Equity | €4.81M |
| Debt | €5.19M |
| of which ≤ 1y | €5.18M |
| of which > 1y | - |
| Working capital | €1.63M |
| Employees (FTE) | 48.5 |
| 2024 | |
|---|---|
| Current ratio | 1.31 |
| Quick ratio | 1.01 |
| Working capital ratio | 16.3% |
| Solvency | 48.1% |
| Debt / equity | 1.08 |
| Long-term debt ratio | - |
| Interest coverage | 211.89 |
| Gross margin | 50.7% |
| Net margin | 14.3% |
| ROA | 29.6% |
| ROE | 61.7% |
| EBITDA margin | 21.9% |
| Days sales outstanding | 67d |
| Days payable outstanding | 41d |
| Inventory turnover | 6.55 |
| Days inventory (DSI) | 56d |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €10.00M |
| Fixed assets | 21/28 | €3.19M |
| Intangible fixed assets | 21 | €153k |
| Tangible fixed assets | 22/27 | €3.04M |
| Current assets | 29/58 | €6.81M |
| Stocks & contracts in progress | 3 | €1.55M |
| Amounts receivable within one year | 40/41 | €4.37M |
| Cash & bank | 54/58 | €843k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €10.00M |
| Equity | 10/15 | €4.81M |
| Contributions / capital | 10/11 | €905k |
| Reserves | 13 | €173k |
| Accumulated profits (losses) | 14 | €3.73M |
| Amounts payable | 17/49 | €5.19M |
| Amounts payable within one year | 42/48 | €5.18M |
| Trade debts payable within one year | 44 | €1.14M |
| Income statement | ||
| Turnover | 70 | €20.67M |
| Operating result | 9901 | €4.25M |
| Financial income | 75 | €19k |
| Financial charges | 65 | €165k |
| Result before taxes | 9903 | €4.11M |
| Income taxes | 67/77 | €1.14M |
| Net result for the period | 9904 | €2.96M |
| Result to be appropriated | 9905 | €2.96M |
| NACE primary | Wholesale trade(46649) |
| Legal form | Public limited company(014) |
| Incorporation | 24-07-1952 |
| Status | Active |
| Postal code | 9052 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082B0344/00E000 | Flanders | 4,734 m² | 1 · 1,354 m² | 6.7 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
15-09-2025 3 directors appointed, 1 resigning
- Jamal Saouti, Bestuurder
- Mai Mollekaer, Bestuurder
- Daniel Keating, Bestuurder
- Simon O'Brien, Bestuurder
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}22-10-2024 4 directors appointed
- Jamal Saouti, Bestuurder
- Simon O'Brien, Bestuurder
- Daniël Keating, Bestuurder
- Mai Mollekaer, Bestuurder
Technical details
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}03-05-2024 1 director appointed, 1 resigning
- MAI HOLM MØLLEKÆR, Bestuurder
- Sean CLAY, Bestuurder
Technical details
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"evidence_quote": "De vergadering verleent bijzondere volmacht aan Jan Van Gysegem en de kantoor Caleys \u0026 Engels Advocaten, woonstkeuze gedaan hebbende te 9000 Gent, Ferdinand Lousbergskaai 103, bus4-5, allen individueel bevoegd, evenals aan hun bedienden, aangestelden en lasthebbers, met mogelijkheid tot indeplaatsst",
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"notary": {
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"firm_city": null,
"firm_name": "BERQUIN NOTARISSEN",
"office_city": "Brussel",
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"pub_date": "2024-05-03",
"filing_date": "2024-04-30",
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"een uitgifte van het proces-verbaal",
"de geco\u00F6rdineerde tekst van statuten"
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}22-12-2023 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
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}22-09-2023 5 directors appointed, 1 resigning
- Jamal Saouti, Bestuurder
- Sean Clay, Bestuurder
- Simon O'Brien, Bestuurder
- Daniël Keating, Bestuurder
- Deloitte Bedrijfsrevisoren CVBA, Commissaris
- Nimesh Patel, Bestuurder
Technical details
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}08-07-2022 4 directors appointed, 1 resigning
- Jamal Saouti, Bestuurder
- Sean Clay, Bestuurder
- Nimesh Patel, Bestuurder
- Simon O'Brien, Bestuurder
- Maxime Ziemniak, Bestuurder
Technical details
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}03-06-2021 5 directors appointed, 1 resigning
- Jamal Saouti, Bestuurder
- Maxime Ziemniak, Bestuurder
- Sean Clay, Bestuurder
- Nimesh Patel, Bestuurder
- Tom Windelen, Commissaris
- Evelien Weyts, Commissaris
Technical details
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}21-12-2020 Nimesh Patel appointed as director
- Nimesh Patel, Bestuurder
Technical details
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}05-06-2020 4 directors appointed, 2 resigning
- Sean Clay, Bestuurder
- Maxime Ziemniak, Bestuurder
- Jamal Saouti, Bestuurder
- Jamal Saouti, Gedelegeerd bestuurder
- Marc Eggermont, Bestuurder
- Kevin Boyd, Bestuurder
Technical details
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}29-08-2019 2 directors appointed, 3 resigning
- Sean Clay, Bestuurder
- Evelien Weyts, Vaste vertegenwoordiger van de commissaris
- Neil Harvey Daws, Bestuurder
- Andrew David Babbage, Bestuurder
- Gino Desmet, Vaste vertegenwoordiger van de commissaris
Technical details
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}03-08-2018 4 directors appointed
- Marc Eggermont, Bestuurder
- Kevin Boyd, Bestuurder
- Andrew ("Andy") Babbage, Bestuurder
- Neil Harvey Daws, Bestuurder
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}12-04-2017 5 directors appointed
- Marc Eggermont, Bestuurder
- Kevin Boyd, Bestuurder
- Andrew Babbage, Bestuurder
- Neil Harvey Daws, Bestuurder
- Gino Desmet, Commissaris
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}08-08-2016 2 directors appointed, 1 resigning
- Kevin Boyd, Bestuurder
- Andrew Babbage, Bestuurder
- David Meredith, Bestuurder
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}02-07-2015 Maike Nielsen resigns as director
- Maike Nielsen, Bestuurder
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}06-03-2015 5 directors appointed, 1 resigning
- Marc Eggermont, Bestuurder
- David Meredith, Bestuurder
- Maike Nielsen, Bestuurder
- Neil Daws, Bestuurder
- BCVBA Deloitte Bedrijfsrevisoren, Commissaris
- KPMG Bedrijfsrevisoren, Commissaris
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}30-12-2002 4 directors appointed
- Bauwens, Bestuurder
- Steel, Bestuurder
- Black, Bestuurder
- Klynveld Peat Marwick Goerdeler - Bedryfsrevisoren, Commissaris
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | SPIRAX - SARCO |