Equity
Equity rose in 2025 from €1.5m to €2.6m.
Equity rose in 2025 from €1.5m to €2.6m.
The abbreviated format states no turnover.
In 2025, 3 people joined and nobody left.
Short-term debts fell from €2.2m to €1.4m.
Five of the last ten came late. The 2017 accounts came latest: 49 days after the end of the period.
Higher net result than 95% of companies in wholesale trade. Sector median €38,114 · 10,723 companies.
In July 2024, 20,124 companies had the same profile as THE SPREADMAKER has now. Each dot stands for 51 companies, two years later.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 20,124 companies, not a prediction for THE SPREADMAKER. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| THE SPREADMAKER Hulshout | €4.3m | €3.0m | 61.8% | 12.4 |
| Kwaliteitspluimvee Stoffels BV Hoogstraten | €5.0m | €1.7m | 57.7% | 11.9 |
| THIERENS VLEESHANDEL Temse | €4.8m | €2.2m | 87.9% | 11.2 |
| LMCHOP Londerzeel | €4.6m | €1.5m | 92.0% | 9.9 |
| AUX 3 FORTUNES Bornem | €3.3m | €1.3m | 49.9% | 11.5 |
| DEOM Marc Bastogne | €3.3m | €2.1m | 66.6% | 19.3 |
| P + M EIFELER FLEISCHVERTRIEB Saint-Vith | €7.5m | €2.4m | 27.6% | 18 |
These companies have the same main activity as THE SPREADMAKER: wholesale of meat and meat products, excluding game and poultry (NACE 46321). They are comparable in size and age: total assets between €3.3m and €7.5m, founded between 1987 and 2001.
THE SPREADMAKER files the abbreviated format. That format states no turnover. The gross margin rose from €61,385 in 2005 to €3.0m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
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.
Higher than 68% of 10,745 companies in 2025.
Higher than 61% of 10,577 companies in 2025.
Higher than 95% of 10,675 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 3 people joined and nobody left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||||
20/58 |
4.3m | 4.0m | 2.4m | 2.7m | 2.5m | 2.3m | 2.4m | 3.8m | 2.9m | 1.4m | 1.2m | 1.1m | 372,408 | 307,786 | 412 | 585 | 395 | 8,086 | 7,094 | 39,045 | 109,366 | |
20 |
- | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
21/28 |
1.0m | 1.2m | 481,903 | 656,854 | 888,427 | 946,431 | 1.1m | 744,726 | 735,076 | 364,583 | 415,839 | 377,778 | 66,020 | 8,236 | - | - | - | - | 620 | 794 | 5,429 | |
21 |
4,191 | 5,589 | 6,986 | 8,383 | 9,780 | 11,777 | 13,774 | 17,800 | 72,400 | 127,000 | 181,600 | 156,200 | 4,800 | 5,400 | - | - | - | - | - | - | - | |
22/27 |
1.0m | 1.2m | 474,917 | 648,336 | 878,647 | 934,653 | 1.1m | 726,926 | 662,676 | 237,583 | 234,239 | 220,235 | 61,220 | 2,836 | - | - | - | - | - | - | 4,635 | |
22 |
19,651 | 38,037 | 57,525 | 211,200 | 419,834 | 495,623 | 677,044 | 219,839 | - | - | - | - | - | - | - | - | - | - | - | - | 370 | |
23 |
771,033 | 891,137 | 84,418 | 117,223 | 46,046 | 192,229 | 347,591 | 470,012 | 600,324 | 146,319 | 143,763 | 203,212 | 42,176 | 2,836 | - | - | - | - | - | - | 872 | |
24 |
11,843 | 19,154 | 10,724 | 14,499 | 11,965 | 16,304 | 24,709 | 2,974 | 376 | 713 | 2,476 | 14,923 | 16,244 | - | - | - | - | - | - | - | 3,393 | |
25 |
225,203 | 209,023 | 322,251 | 305,414 | 400,802 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
26 |
- | - | - | - | - | - | - | - | - | 700 | 1,400 | 2,100 | 2,800 | - | - | - | - | - | - | - | - | |
28 |
- | - | - | 135 | - | - | - | - | - | - | - | 1,343 | - | - | - | - | - | - | 620 | 794 | 794 | |
29/58 |
3.2m | 2.8m | 1.9m | 2.1m | 1.6m | 1.4m | 1.3m | 3.1m | 2.1m | 1.0m | 766,417 | 695,780 | 306,388 | 299,550 | 412 | 585 | 395 | 8,086 | 6,474 | 38,250 | 103,937 | |
3 |
759,300 | 588,570 | 498,898 | 557,938 | 384,020 | 377,583 | 280,615 | 215,456 | 205,114 | 87,250 | 115,590 | 153,216 | 37,681 | 19,058 | - | - | - | - | - | - | 65,977 | |
30/36 |
759,300 | 588,570 | 498,898 | 557,938 | 384,020 | 377,583 | 280,615 | 215,456 | 205,114 | 87,250 | 115,590 | 153,216 | 37,681 | 19,058 | - | - | - | - | - | - | 65,977 | |
40/41 |
1.2m | 1.9m | 939,443 | 1.0m | 718,205 | 657,346 | 784,779 | 2.2m | 1.4m | 383,963 | 410,434 | 392,546 | 161,757 | 116,664 | 232 | 232 | 232 | 232 | 282 | 24,650 | 23,323 | |
40 |
1.1m | 900,640 | 594,471 | 765,304 | 502,493 | 477,982 | 541,029 | 596,564 | 582,247 | 268,038 | 297,817 | 300,415 | 132,637 | 105,852 | - | - | - | - | - | 24,650 | 23,323 | |
41 |
185,066 | 1.0m | 344,973 | 273,103 | 215,712 | 179,364 | 243,750 | 1.6m | 853,085 | 115,926 | 112,617 | 92,131 | 29,120 | 10,812 | 232 | 232 | 232 | 232 | 282 | - | - | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,192 | - | - | |
54/58 |
1.2m | 246,709 | 444,107 | 449,262 | 488,009 | 340,047 | 191,056 | 613,257 | 493,667 | 555,569 | 238,881 | 149,061 | 105,041 | 163,828 | 180 | 353 | 163 | 6,671 | - | 13,601 | 14,637 | |
490/1 |
13,627 | 36,853 | 17,132 | 4,643 | 21,438 | 19,211 | 12,470 | 3,920 | 602 | 1,348 | 1,513 | 958 | 1,909 | - | - | - | - | 1,183 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||||
10/49 |
4.3m | 4.0m | 2.4m | 2.7m | 2.5m | 2.3m | 2.4m | 3.8m | 2.9m | 1.4m | 1.2m | 1.1m | 372,408 | 307,786 | 412 | 585 | 395 | 8,086 | 7,094 | 39,045 | 109,366 | |
10/15 |
2.6m | 1.5m | 669,752 | 902,949 | 1.0m | 953,205 | 860,098 | 865,326 | 697,600 | 486,086 | 444,939 | 280,616 | 168,168 | 135,664 | -46,986 | -45,813 | -44,703 | -41,832 | -32,356 | -12,646 | -27,023 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 200,000 | 200,000 | 200,000 | 200,000 | 24,800 | 24,800 | 24,800 | 24,800 | 24,800 | 24,800 | 24,800 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 200,000 | 200,000 | 200,000 | 200,000 | 24,800 | 24,800 | 24,800 | 24,800 | 24,800 | 24,800 | 24,800 | |
13 |
2.6m | 1.5m | 716,624 | 884,349 | 1.0m | 969,619 | 876,511 | 881,740 | 714,014 | 502,500 | 279,953 | 115,630 | 3,181 | 3,181 | 3,181 | 3,181 | 3,181 | 3,181 | 3,181 | 3,181 | 3,181 | |
130/1 |
17,688 | 17,688 | 17,688 | - | 17,688 | 17,688 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 17,688 | 17,688 | 17,688 | 17,688 | 17,688 | 17,688 | 8,695 | 2,479 | 2,479 | 2,479 | 2,479 | 2,479 | 2,479 | 2,479 | 2,479 | 2,479 | |
1311 |
17,688 | 17,688 | 17,688 | - | 17,688 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
2.6m | 1.4m | 698,936 | 884,349 | 1.0m | 951,930 | 858,823 | 864,051 | 696,326 | 484,812 | 262,265 | 106,934 | 702 | 702 | 702 | 702 | 702 | 702 | 702 | 702 | 702 | |
14 |
- | - | -65,472 | 0 | -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 |
1.6m | 2.5m | 1.7m | 1.8m | 1.5m | 1.4m | 1.5m | 2.9m | 2.2m | 906,628 | 737,318 | 792,943 | 204,241 | 172,122 | 47,399 | 46,399 | 45,099 | 49,918 | 39,449 | 51,691 | 136,389 | |
17 |
204,173 | 257,993 | 230,557 | 261,123 | 378,354 | 53,297 | 36,619 | 207,839 | 533,716 | 63,579 | 70,196 | 545 | 7,011 | - | - | - | - | - | - | - | 4,595 | |
170/4 |
204,173 | 257,993 | 230,557 | 261,123 | 378,354 | 53,297 | 36,619 | 207,839 | 533,716 | 63,579 | 70,196 | 545 | 7,011 | - | - | - | - | - | - | - | 4,595 | |
42/48 |
1.4m | 2.2m | 1.5m | 1.5m | 1.1m | 1.3m | 1.5m | 2.7m | 1.6m | 843,049 | 667,121 | 792,397 | 197,230 | 118,984 | 47,399 | 46,399 | 45,099 | 49,918 | 39,449 | 51,691 | 131,794 | |
42 |
451,703 | 398,616 | 143,433 | 117,232 | 116,108 | 17,357 | 16,906 | 25,877 | 29,863 | 29,163 | 20,444 | 6,465 | 6,320 | - | - | - | - | - | - | 4,595 | 17,867 | |
44 |
769,422 | 1.0m | 1.1m | 1.1m | 681,886 | 1.1m | 1.3m | 1.2m | 918,154 | 729,609 | 616,901 | 352,974 | 126,064 | 68,580 | 45,399 | 45,399 | 45,099 | 49,918 | 39,449 | 20,297 | 102,253 | |
440/4 |
769,422 | 1.0m | 1.1m | 1.1m | 681,886 | 1.1m | 1.3m | 1.2m | 918,154 | 729,609 | 616,901 | 352,974 | 126,064 | 68,580 | 45,399 | 45,399 | 45,099 | 49,918 | 39,449 | 20,297 | 102,253 | |
45 |
135,692 | 107,451 | 102,334 | 91,964 | 78,232 | 99,589 | 44,295 | 62,932 | 88,174 | 84,277 | 13,447 | 78,824 | 12,721 | 64 | - | - | - | - | - | 26,799 | 11,674 | |
450/3 |
23,813 | 19,241 | 18,613 | 25,914 | 30,648 | 74,555 | 12,519 | 26,232 | 71,090 | 64,383 | 5,443 | 59,686 | 1,179 | 64 | - | - | - | - | - | 20,688 | 5,740 | |
454/9 |
111,879 | 88,209 | 83,721 | 66,050 | 47,584 | 25,034 | 31,777 | 36,700 | 17,084 | 19,894 | 8,004 | 19,138 | 11,542 | - | - | - | - | - | - | 6,111 | 5,934 | |
47/48 |
69,087 | 681,706 | 167,725 | 200,939 | 211,420 | 147,564 | 101,638 | 1.4m | 602,283 | - | 16,329 | 354,134 | 52,125 | 50,341 | 2,000 | 1,000 | - | - | - | - | - | |
492/3 |
400 | 6,607 | 4,630 | - | 23,681 | 15,083 | - | 504 | - | - | - | - | - | 53,138 | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||||||||||
76A |
18,175 | - | - | - | - | - | 2,500 | - | 34,000 | 9,726 | 16,470 | 7,000 | - | - | - | - | - | - | 706 | 3,322 | - | |
9900 |
3.0m | 2.3m | 1.0m | 1.2m | 1.5m | 1.4m | 1.2m | 1.2m | 1.1m | 957,132 | 780,794 | 526,614 | 155,147 | 11,245 | -688 | -629 | -2,349 | -8,060 | -13,930 | 20,836 | 61,385 | |
62 |
806,456 | 731,948 | 668,212 | 612,316 | 633,216 | 604,811 | 619,351 | 541,688 | 431,794 | 394,514 | 334,003 | 255,378 | 105,954 | 1,428 | - | - | - | - | - | 58,326 | 55,580 | |
630 |
378,144 | 305,081 | 317,578 | 347,528 | 410,798 | 373,056 | 414,862 | 332,728 | 274,557 | 147,682 | 128,620 | 98,559 | 16,194 | 1,309 | - | - | - | - | - | 513 | 7,055 | |
640/8 |
77,330 | 68,474 | 73,750 | 35,176 | 35,667 | 32,185 | 26,043 | 25,060 | 10,867 | 6,904 | 3,644 | 5,694 | 1,540 | 460 | 402 | 402 | 401 | 1,352 | 3,802 | 1,188 | 1,418 | |
66A |
- | - | - | 3,710 | - | 4,677 | - | - | - | - | - | - | - | 232 | - | - | - | - | - | 370 | - | |
9901 |
1.7m | 1.2m | -13,091 | 195,668 | 433,420 | 399,194 | 155,175 | 283,153 | 388,469 | 408,032 | 314,527 | 166,983 | 31,459 | 8,048 | -1,090 | -1,031 | -2,749 | -9,412 | -17,732 | -39,191 | -2,668 | |
75/76B |
14,103 | 35,972 | 1,169 | 311 | 276 | 828 | 299 | 134 | 4,356 | 10,239 | 2,095 | 2,114 | 6,021 | - | - | - | 6 | 179 | 38 | 51,652 | 477 | |
75 |
14,103 | 35,972 | 1,169 | 311 | 276 | 828 | 299 | 134 | 4,356 | 513 | 2,095 | 2,114 | 6,021 | - | - | - | 6 | 179 | 38 | 51,652 | 477 | |
76B |
- | - | - | - | - | - | - | - | - | 9,726 | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
69,772 | 53,281 | 53,192 | 53,630 | 49,827 | 40,456 | 43,015 | 45,725 | 36,455 | 46,399 | 61,643 | 4,715 | 4,975 | 366 | 83 | 95 | 134 | 239 | 2,727 | 1,025 | 2,712 | |
65 |
69,772 | 53,281 | 53,192 | 53,630 | 49,827 | 40,456 | 43,015 | 45,725 | 36,455 | 46,399 | 61,643 | 4,715 | 4,975 | 366 | 83 | 95 | 134 | 239 | 2,727 | 1,025 | 2,712 | |
9903 |
1.6m | 1.2m | -65,115 | 142,349 | 383,869 | 359,566 | 112,459 | 237,562 | 356,370 | 371,872 | 271,449 | 171,382 | 32,505 | 7,450 | -1,173 | -1,126 | -2,877 | -9,472 | -19,715 | 14,388 | -4,903 | |
67/77 |
411,637 | 288,646 | 357 | 38,303 | 104,109 | 111,129 | 10,752 | 69,836 | 144,856 | 149,325 | 107,126 | 58,933 | 1 | - | - | -16 | -6 | 5 | -5 | 12 | -17 | |
9904 |
1.2m | 913,418 | -65,472 | 104,046 | 279,760 | 248,438 | 101,706 | 167,725 | 211,514 | 222,547 | 164,323 | 112,448 | 32,504 | 7,450 | -1,173 | -1,110 | -2,871 | -9,477 | -19,710 | 14,377 | -4,887 | |
9905 |
1.2m | 913,418 | -65,472 | 104,046 | 279,760 | 248,438 | 101,706 | 167,725 | 211,514 | 222,547 | 164,323 | 112,448 | 32,504 | 7,450 | -1,173 | -1,110 | -2,871 | -9,477 | -19,710 | 14,377 | -4,887 | |
| Appropriation of the result | ||||||||||||||||||||||
9906 |
1.2m | 847,945 | -65,472 | 69,033 | 244,746 | 213,424 | 66,692 | 132,712 | 176,501 | 187,533 | 129,309 | 77,435 | -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 |
69,033 | 101,706 | 167,725 | 211,514 | 222,547 | 155,330 | 106,934 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
1.2m | 847,945 | - | 69,033 | 279,760 | 248,438 | 101,706 | 167,725 | 211,514 | 222,547 | 164,323 | 112,448 | - | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | 8,993 | 6,217 | - | - | - | - | - | - | - | - | - | |
6921 |
1.2m | 847,945 | - | 69,033 | 279,760 | 248,438 | 101,706 | 167,725 | 211,514 | 222,547 | 155,330 | 106,232 | - | - | - | - | - | - | - | - | - | |
694/7 |
69,033 | 101,706 | 167,725 | 211,514 | 222,547 | 155,330 | 106,934 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
69,033 | 101,706 | 167,725 | 211,514 | 222,547 | 155,330 | 106,934 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||||
9087 |
12.4 | 11.7 | 11 | 12 | 12 | 12 | 12.4 | 11.7 | 7.9 | 8.5 | 7.2 | 6.1 | 3.1 | - | - | - | - | - | - | 2 | 3 | |
Hours worked1013 |
21,477 | 21,210 | 19,425 | 19,807 | 20,973 | 20,451 | 21,121 | 19,856 | 13,692 | 14,389 | 12,342 | 9,996 | 4,014 | - | - | - | - | - | - | 3,200 | 5,095 | |
| Document | ||||||||||||||||||||||
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.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00221152 | |
| 31-12-2024 | abbreviated format | 01-07-2025 | 2025-00228117 | |
| 31-12-2023 | abbreviated format | 10-07-2024 | 2024-00243054 | |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00384994 | |
| 31-12-2021 | abbreviated format | 01-07-2022 | 2022-20117583 | |
| 31-12-2020 | abbreviated format | 08-07-2021 | 2021-32600431 | |
| 31-12-2019 | abbreviated format | 16-09-2020 | 2020-53600035 | |
| 31-12-2018 | abbreviated format | 21-08-2019 | 2019-48800019 | |
| 31-12-2017 | abbreviated format | 18-09-2018 | 2018-63500538 | |
| 31-12-2016 | abbreviated format | 16-08-2017 | 2017-44200376 | |
| 31-12-2015 | abbreviated format | 28-06-2016 | 2016-24500047 | |
| 31-12-2014 | abbreviated format | 07-07-2015 | 2015-28400075 | |
| 31-12-2013 | abbreviated format | 07-07-2014 | 2014-29500346 | |
| 31-12-2012 | abbreviated format | 14-08-2013 | 2013-42500397 | |
| 31-12-2011 | abbreviated format | 17-09-2012 | 2012-56700058 | |
| 31-12-2010 | abbreviated format | 12-07-2011 | 2011-28700251 | |
| 31-12-2009 | abbreviated format | 31-08-2010 | 2010-51800536 | |
| 31-12-2008 | abbreviated format | 25-09-2009 | 2009-77800129 | |
| 31-12-2007 | abbreviated format | 29-09-2008 | 2008-76000370 | |
| 31-12-2006 | abbreviated format | 19-10-2007 | 2007-78100041 | |
| 31-12-2005 | abbreviated format | 26-04-2007 | 2007-12900149 | |
| 31-12-2004 | abbreviated format | 07-06-2005 | 2005-21403075 | |
| 31-12-2003 | abbreviated format | 03-06-2004 | 2004-19105354 | |
| 31-12-2002 | abbreviated format | 26-05-2003 | 2003-16701050 | |
| 31-12-2001 | abbreviated format | 30-05-2002 | 2002-15403214 | |
| 31-12-2000 | abbreviated format | 23-05-2001 | 2001-14401570 | |
| 31-12-1999 | abbreviated format | 24-05-2000 | 2000-15000493 | |
| 31-12-1998 | abbreviated format | 26-05-1999 | 1999-11703540 | |
| 31-12-1997 | abbreviated format | 27-05-1998 | 1998-11502644 | |
| 31-12-1996 | abbreviated format | 30-05-1997 | 1997-10600575 | |
| 31-12-1995 | abbreviated format | 23-05-1996 | 1996-09701647 | |
| 31-12-1994 | abbreviated format | 17-05-1995 | 1995-08402781 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.1m | 1.5m | 304,487 | 543,196 | 844,217 | 772,250 | 570,037 | 615,880 | 663,026 | 555,714 | 443,148 | 265,542 | 47,653 | 9,357 | - | - | - | - | - | -38,677 | 4,387 | ||
| 1.6m | 1.2m | 252,106 | 451,574 | 690,557 | 621,493 | 516,568 | 500,453 | 486,071 | 370,229 | 292,943 | 211,008 | 48,698 | 8,759 | - | - | - | - | - | 14,890 | 2,168 | ||
| 249,129 | 986,118 | 142,761 | 115,955 | 352,794 | 231,487 | 771,752 | 342,378 | 645,049 | 96,426 | 219,904 | 410,318 | 73,978 | 9,545 | - | - | - | - | - | -4,122 | - | ||
| 965,898 | -197,398 | -5,154 | -38,747 | 147,962 | 148,991 | -422,201 | 119,591 | -61,902 | 316,688 | 89,820 | 44,020 | -58,786 | 163,648 | -173 | 190 | -6,508 | - | - | -1,036 | - | ||
| 1.8m | 583,124 | 423,036 | 507,218 | 524,026 | 75,155 | -204,899 | 328,943 | 496,240 | 185,082 | 99,296 | -96,617 | 109,158 | 180,566 | -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% | ||
| 2.27 | 1.26 | 1.29 | 1.33 | 1.48 | 1.06 | 0.86 | 1.12 | 1.30 | 1.22 | 1.15 | 0.88 | 1.55 | 2.52 | - | - | - | 0.16 | 0.16 | 0.74 | 0.79 | ||
| 1.73 | 1.00 | 0.95 | 0.97 | 1.13 | 0.77 | 0.67 | 1.04 | 1.18 | 1.12 | 0.98 | 0.68 | 1.36 | 2.36 | - | - | - | 0.16 | 0.16 | 0.74 | 0.29 | ||
| 0.62 | 1.67 | 2.56 | 2.00 | 1.47 | 1.46 | 1.76 | 3.40 | 3.11 | 1.87 | 1.66 | 2.83 | 1.21 | 1.27 | - | - | - | - | - | - | - | ||
| 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% | ||
| 29.63 | 28.61 | 5.72 | 10.13 | 16.94 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 15 | 12 | 11 | 11 | 12 |
| full-time | 14 | 12 | 11 | 11 | 12 |
| part-time | 1 | - | - | - | - |
| in full-time equivalents | 14.8 | 12 | 11 | 11 | 12 |
| 12.4 | 11.7 | 11 | 11.4 | 12 | |
| On a permanent contract | 15 | 12 | 11 | 11 | 12 |
| Joined | 3 | 2 | - | 2 | - |
| Left | 0 | 1 | - | 3 | - |
| Training hours | - | - | - | 16 | 16 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| 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)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| 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)
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.
Source: lists of holdings in the owners' accounts
THE SPREADMAKER has no parent and no holdings in its annual accounts. is the only director.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Industriepark 15 registered office 2235 Hulshout | 01-01-2018 | 2.275.015.135 | Manufacturer of prepared meals Manufacturer of meat preparations |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13016A0001/00V002 | 8,719 m² | 1 · 2,969 m² | 14.4 m · 4 |
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