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THE SPREADMAKER

Active Private limited companyfounded 1993active for 33 yearsIndustriepark 15, 2235 HulshoutKBO/BCE: BE 0451.346.938 #2 company by equity in Hulshout, Wholesale and retail trade sector
THE SPREADMAKER
Financial year 2025
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Annual accounts 2025

abbreviated format, filed on 30-06-2026, 31 days before the deadline
€3.0m
▲ 26.9%
€1.7m
▲ 38.5%
€1.2m
▲ 33.8%
€1.8m
▲ 210%
61.8%
▲ 24.3 percentage points
2.27
▲ 1.00

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €12.0m. Estimated: probably between €7.5m and €21.0m.

In the rankings #2 company by equity in Hulshout, Wholesale and retail trade sector#5 company by total assets in Hulshout, Wholesale and retail trade sector

Balance sheet

balance sheet total €4.3m on 31-12-2025
What the company ownsHow it is paid for

in €m

in €m

Position in the sector

Compare with sector

61.8%

Higher than 68% of 10,745 companies in 2025.

2.27

Higher than 61% of 10,577 companies in 2025.

28.6%

Higher than 95% of 10,675 companies in 2025.

THE SPREADMAKER Middle half of the sector 80% of the sector Abbreviated accounts in wholesale trade (NACE 46)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter

Staff

€65,037

Staff costs divided by the average number of full-time equivalents.

+3 people

people who joined people who left

In 2025, 3 people joined and nobody left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017201620152014201320122011201020092008200720062005
Balance sheet: assets
20/58 4.3m4.0m2.4m2.7m2.5m2.3m2.4m3.8m2.9m1.4m1.2m1.1m372,408307,7864125853958,0867,09439,045109,366
20 ---0-----------------
21/28 1.0m1.2m481,903656,854888,427946,4311.1m744,726735,076364,583415,839377,77866,0208,236----6207945,429
21 4,1915,5896,9868,3839,78011,77713,77417,80072,400127,000181,600156,2004,8005,400-------
22/27 1.0m1.2m474,917648,336878,647934,6531.1m726,926662,676237,583234,239220,23561,2202,836------4,635
22 19,65138,03757,525211,200419,834495,623677,044219,839------------370
23 771,033891,13784,418117,22346,046192,229347,591470,012600,324146,319143,763203,21242,1762,836------872
24 11,84319,15410,72414,49911,96516,30424,7092,9743767132,47614,92316,244-------3,393
25 225,203209,023322,251305,414400,802----------------
26 ---------7001,4002,1002,800--------
28 ---135-------1,343------620794794
29/58 3.2m2.8m1.9m2.1m1.6m1.4m1.3m3.1m2.1m1.0m766,417695,780306,388299,5504125853958,0866,47438,250103,937
3 759,300588,570498,898557,938384,020377,583280,615215,456205,11487,250115,590153,21637,68119,058------65,977
30/36 759,300588,570498,898557,938384,020377,583280,615215,456205,11487,250115,590153,21637,68119,058------65,977
40/41 1.2m1.9m939,4431.0m718,205657,346784,7792.2m1.4m383,963410,434392,546161,757116,66423223223223228224,65023,323
40 1.1m900,640594,471765,304502,493477,982541,029596,564582,247268,038297,817300,415132,637105,852-----24,65023,323
41 185,0661.0m344,973273,103215,712179,364243,7501.6m853,085115,926112,61792,13129,12010,812232232232232282--
50/53 ------------------6,192--
54/58 1.2m246,709444,107449,262488,009340,047191,056613,257493,667555,569238,881149,061105,041163,8281803531636,671-13,60114,637
490/1 13,62736,85317,1324,64321,43819,21112,4703,9206021,3481,5139581,909----1,183---
Balance sheet: equity and liabilities
10/49 4.3m4.0m2.4m2.7m2.5m2.3m2.4m3.8m2.9m1.4m1.2m1.1m372,408307,7864125853958,0867,09439,045109,366
10/15 2.6m1.5m669,752902,9491.0m953,205860,098865,326697,600486,086444,939280,616168,168135,664-46,986-45,813-44,703-41,832-32,356-12,646-27,023
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,600200,000200,000200,000200,00024,80024,80024,80024,80024,80024,80024,800
100 -----18,60018,60018,60018,60018,600200,000200,000200,000200,00024,80024,80024,80024,80024,80024,80024,800
13 2.6m1.5m716,624884,3491.0m969,619876,511881,740714,014502,500279,953115,6303,1813,1813,1813,1813,1813,1813,1813,1813,181
130/1 17,68817,68817,688-17,68817,688---------------
130 -----17,68817,68817,68817,68817,68817,6888,6952,4792,4792,4792,4792,4792,4792,4792,4792,479
1311 17,68817,68817,688-17,688----------------
133 2.6m1.4m698,936884,3491.0m951,930858,823864,051696,326484,812262,265106,934702702702702702702702702702
14 ---65,4720-35,014-35,014-35,014-35,014-35,014-35,014-35,014-35,014-35,014-67,518-74,967-73,795-72,685-69,814-60,337-40,627-55,004
17/49 1.6m2.5m1.7m1.8m1.5m1.4m1.5m2.9m2.2m906,628737,318792,943204,241172,12247,39946,39945,09949,91839,44951,691136,389
17 204,173257,993230,557261,123378,35453,29736,619207,839533,71663,57970,1965457,011-------4,595
170/4 204,173257,993230,557261,123378,35453,29736,619207,839533,71663,57970,1965457,011-------4,595
42/48 1.4m2.2m1.5m1.5m1.1m1.3m1.5m2.7m1.6m843,049667,121792,397197,230118,98447,39946,39945,09949,91839,44951,691131,794
42 451,703398,616143,433117,232116,10817,35716,90625,87729,86329,16320,4446,4656,320------4,59517,867
44 769,4221.0m1.1m1.1m681,8861.1m1.3m1.2m918,154729,609616,901352,974126,06468,58045,39945,39945,09949,91839,44920,297102,253
440/4 769,4221.0m1.1m1.1m681,8861.1m1.3m1.2m918,154729,609616,901352,974126,06468,58045,39945,39945,09949,91839,44920,297102,253
45 135,692107,451102,33491,96478,23299,58944,29562,93288,17484,27713,44778,82412,72164-----26,79911,674
450/3 23,81319,24118,61325,91430,64874,55512,51926,23271,09064,3835,44359,6861,17964-----20,6885,740
454/9 111,87988,20983,72166,05047,58425,03431,77736,70017,08419,8948,00419,13811,542------6,1115,934
47/48 69,087681,706167,725200,939211,420147,564101,6381.4m602,283-16,329354,13452,12550,3412,0001,000-----
492/3 4006,6074,630-23,68115,083-504-----53,138-------
Income statement
76A 18,175-----2,500-34,0009,72616,4707,000------7063,322-
9900 3.0m2.3m1.0m1.2m1.5m1.4m1.2m1.2m1.1m957,132780,794526,614155,14711,245-688-629-2,349-8,060-13,93020,83661,385
62 806,456731,948668,212612,316633,216604,811619,351541,688431,794394,514334,003255,378105,9541,428-----58,32655,580
630 378,144305,081317,578347,528410,798373,056414,862332,728274,557147,682128,62098,55916,1941,309-----5137,055
640/8 77,33068,47473,75035,17635,66732,18526,04325,06010,8676,9043,6445,6941,5404604024024011,3523,8021,1881,418
66A ---3,710-4,677-------232-----370-
9901 1.7m1.2m-13,091195,668433,420399,194155,175283,153388,469408,032314,527166,98331,4598,048-1,090-1,031-2,749-9,412-17,732-39,191-2,668
75/76B 14,10335,9721,1693112768282991344,35610,2392,0952,1146,021---61793851,652477
75 14,10335,9721,1693112768282991344,3565132,0952,1146,021---61793851,652477
76B ---------9,726-----------
65/66B 69,77253,28153,19253,63049,82740,45643,01545,72536,45546,39961,6434,7154,97536683951342392,7271,0252,712
65 69,77253,28153,19253,63049,82740,45643,01545,72536,45546,39961,6434,7154,97536683951342392,7271,0252,712
9903 1.6m1.2m-65,115142,349383,869359,566112,459237,562356,370371,872271,449171,38232,5057,450-1,173-1,126-2,877-9,472-19,71514,388-4,903
67/77 411,637288,64635738,303104,109111,12910,75269,836144,856149,325107,12658,9331---16-65-512-17
9904 1.2m913,418-65,472104,046279,760248,438101,706167,725211,514222,547164,323112,44832,5047,450-1,173-1,110-2,871-9,477-19,71014,377-4,887
9905 1.2m913,418-65,472104,046279,760248,438101,706167,725211,514222,547164,323112,44832,5047,450-1,173-1,110-2,871-9,477-19,71014,377-4,887
Appropriation of the result
9906 1.2m847,945-65,47269,033244,746213,42466,692132,712176,501187,533129,30977,435-35,014-67,518-74,967-73,795-72,685-69,814-60,337-40,627-55,004
14P --65,472--35,014-35,014----------------
791/2 69,033101,706167,725211,514222,547155,330106,934--------------
691/2 1.2m847,945-69,033279,760248,438101,706167,725211,514222,547164,323112,448---------
6920 ----------8,9936,217---------
6921 1.2m847,945-69,033279,760248,438101,706167,725211,514222,547155,330106,232---------
694/7 69,033101,706167,725211,514222,547155,330106,934--------------
694 69,033101,706167,725211,514222,547155,330106,934--------------
Social balance sheet
9087 12.411.71112121212.411.77.98.57.26.13.1------23
Hours worked1013 21,47721,21019,42519,80720,97320,45121,12119,85613,69214,38912,3429,9964,014------3,2005,095
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 11 older financial years (1994-2004) were filed as documents without figures as data, scans for example.

The notes to these accounts have 17 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 30-06-2026.

Download as CSV

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 30-06-2026 2026-00221152 PDF
31-12-2024 abbreviated format 01-07-2025 2025-00228117 PDF
31-12-2023 abbreviated format 10-07-2024 2024-00243054 PDF
31-12-2022 abbreviated format 31-08-2023 2023-00384994 PDF
31-12-2021 abbreviated format 01-07-2022 2022-20117583 PDF
31-12-2020 abbreviated format 08-07-2021 2021-32600431 PDF
31-12-2019 abbreviated format 16-09-2020 2020-53600035 PDF
31-12-2018 abbreviated format 21-08-2019 2019-48800019 PDF
31-12-2017 abbreviated format 18-09-2018 2018-63500538 PDF
31-12-2016 abbreviated format 16-08-2017 2017-44200376 PDF
31-12-2015 abbreviated format 28-06-2016 2016-24500047 PDF
31-12-2014 abbreviated format 07-07-2015 2015-28400075 PDF
31-12-2013 abbreviated format 07-07-2014 2014-29500346 PDF
31-12-2012 abbreviated format 14-08-2013 2013-42500397 PDF
31-12-2011 abbreviated format 17-09-2012 2012-56700058 PDF
31-12-2010 abbreviated format 12-07-2011 2011-28700251 PDF
31-12-2009 abbreviated format 31-08-2010 2010-51800536 PDF
31-12-2008 abbreviated format 25-09-2009 2009-77800129 PDF
31-12-2007 abbreviated format 29-09-2008 2008-76000370 PDF
31-12-2006 abbreviated format 19-10-2007 2007-78100041 PDF
31-12-2005 abbreviated format 26-04-2007 2007-12900149 PDF
31-12-2004 abbreviated format 07-06-2005 2005-21403075 PDF
31-12-2003 abbreviated format 03-06-2004 2004-19105354 PDF
31-12-2002 abbreviated format 26-05-2003 2003-16701050 PDF
31-12-2001 abbreviated format 30-05-2002 2002-15403214 PDF
31-12-2000 abbreviated format 23-05-2001 2001-14401570 PDF
31-12-1999 abbreviated format 24-05-2000 2000-15000493 PDF
31-12-1998 abbreviated format 26-05-1999 1999-11703540 PDF
31-12-1997 abbreviated format 27-05-1998 1998-11502644 PDF
31-12-1996 abbreviated format 30-05-1997 1997-10600575 PDF
31-12-1995 abbreviated format 23-05-1996 1996-09701647 PDF
31-12-1994 abbreviated format 17-05-1995 1995-08402781 PDF

Subsidies and aid

Flemish government 2025, 1 entry, €291 awarded, €291 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€291

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017201620152014201320122011201020092008200720062005
2.1m1.5m304,487543,196844,217772,250570,037615,880663,026555,714443,148265,54247,6539,357------38,6774,387
1.6m1.2m252,106451,574690,557621,493516,568500,453486,071370,229292,943211,00848,6988,759-----14,8902,168
249,129986,118142,761115,955352,794231,487771,752342,378645,04996,426219,904410,31873,9789,545------4,122-
965,898-197,398-5,154-38,747147,962148,991-422,201119,591-61,902316,68889,82044,020-58,786163,648-173190-6,508---1,036-
1.8m583,124423,036507,218524,02675,155-204,899328,943496,240185,08299,296-96,617109,158180,566-46,986-45,813-44,703-41,832-32,975-13,440-27,857
61.8%37.5%28.1%33.4%40.4%40.7%36.3%22.7%24.3%34.9%37.6%26.1%45.2%44.1%----517.3%-456.1%-32.4%-24.7%
2.271.261.291.331.481.060.861.121.301.221.150.881.552.52---0.160.160.740.79
1.731.000.950.971.130.770.671.041.181.120.980.681.362.36---0.160.160.740.29
0.621.672.562.001.471.461.763.403.111.871.662.831.211.27-------
46.4%61.7%-9.8%11.5%27.7%26.1%11.8%19.4%30.3%45.8%36.9%40.1%19.3%5.5%-------
28.6%23.1%-2.7%3.8%11.2%10.6%4.3%4.4%7.4%16.0%13.9%10.5%8.7%2.4%----117.2%-277.8%36.8%-4.5%
29.6328.615.7210.1316.94----------------

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

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date1512111112
full-time1412111112
part-time1----
in full-time equivalents14.812111112
12.411.71111.412
On a permanent contract1512111112
Joined32-2-
Left01-3-
Training hours---1616

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20252024202320222021
Debts secured on the company's own assets€156,402----
€240,000----

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€249,129€986,118€142,761€115,820€352,794
Financial fixed assets---€135-
€378,144€305,081€317,578€347,528€410,798

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on THE SPREADMAKER

The operating result for 2025 is 39% higher than in 2024 and the highest since 2005. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total falls from 62.5% to 38.2%. Equity is higher and debt is lower.

Next steps

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