15SQUARE (0452.907.351): financials and annual accounts

15SQUARE

Antwerp ·KBO/BCE: BE 0452.907.351

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	2.3m	2.3m	2.1m	1.4m	1.4m	1.4m	112,842	112,905	90,031	84,357	70,242	64,574	56,079	100,397	95,653	117,353	113,540	126,236	170,956
Fixed assets`21/28`	1.9m	1.9m	1.9m	1.2m	1.2m	1.2m	33,384	30,806	33,735	36,664	40,685	46,989	41,031	51,653	66,317	82,250	90,458	96,704	149,283
Tangible fixed assets`22/27`	1.9m	1.9m	1.9m	1.2m	1.2m	1.2m	33,384	30,806	33,735	36,664	40,685	46,989	41,031	51,653	66,317	82,250	90,458	96,704	107,418
Land and buildings`22`	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	30,435	30,806	33,735	36,664	39,039	42,751	37,079	49,287	62,769	77,518	90,458	96,704	107,044
Plant, machinery and equipment`23`	802,631	855,342	827,430	86,822	2,293	2,621	2,949	-	-	-	1,647	4,238	3,951	2,366	3,549	4,732	-	-	374
Furniture and vehicles`24`	17,040	7,670	11,505	16,045	20,585	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41,865
Current assets`29/58`	388,559	324,339	181,382	185,206	287,583	274,137	79,458	82,099	56,296	47,693	29,557	17,585	15,049	48,744	29,335	35,103	23,083	29,532	21,672
Amounts receivable within one year`40/41`	334,972	241,668	156,951	182,660	283,055	262,438	77,571	79,641	55,213	42,315	-	13	13	11	-	3,408	3,408	3,533	6,582
Trade receivables`40`	2,241	11,625	-	-	23,662	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`41`	332,731	230,043	156,951	182,660	259,392	262,438	77,571	79,641	55,213	42,315	-	13	13	11	-	3,408	3,408	3,533	6,582
Current investments`50/53`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	10,000	-
Cash at bank and in hand`54/58`	52,905	76,411	24,431	2,546	4,529	11,700	1,887	2,458	1,083	5,378	29,557	17,571	15,035	48,733	29,335	31,695	9,674	15,999	15,090
Deferred charges and accrued income`490/1`	681	6,259	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	2.3m	2.3m	2.1m	1.4m	1.4m	1.4m	112,842	112,905	90,031	84,357	70,242	64,574	56,079	100,397	95,653	117,353	113,540	126,236	170,956
Equity`10/15`	1.5m	1.4m	1.3m	1.4m	1.4m	1.4m	74,674	67,535	61,886	61,754	61,233	52,579	44,627	92,520	87,806	84,937	84,330	83,740	79,618
Contributions`10/11`	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	-	18,600	18,600	18,600	18,600	18,600	18,600	65,439	65,439	65,439	65,439	65,439	65,439
Capital`10`	-	-	-	-	-	-	18,600	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	65,439	65,439	65,439	65,439	65,439	65,439
Reserves`13`	164,106	100,635	3,720	34,781	58,971	55,264	56,074	48,935	43,286	43,154	42,633	33,979	26,027	27,081	22,367	19,498	18,891	18,301	14,179
Non-distributable reserves`130/1`	3,720	3,720	3,720	3,720	3,720	3,720	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	9,544	9,544	9,544	9,544	9,544	9,544	9,544	9,544	9,544
Reserves not available under the articles`1311`	3,720	3,720	3,720	3,720	3,720	3,720	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	160,386	96,915	-	31,061	55,251	51,544	54,214	47,075	41,426	41,294	33,089	24,435	16,483	17,538	12,823	9,954	9,348	8,757	4,636
Profit (loss) carried forward`14`	-	-	-22,981	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	773,957	835,144	805,498	34,300	50,763	39,031	38,168	45,370	28,146	22,603	9,010	11,995	11,452	7,877	7,847	32,416	29,210	42,496	91,337
Amounts payable after more than one year`17`	455,680	586,594	702,554	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial debts`170/4`	455,680	586,594	702,554	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	312,073	243,330	99,116	33,038	48,389	37,891	36,069	45,137	27,887	20,138	9,010	11,995	11,452	7,877	7,847	32,416	28,805	41,691	91,337
Current portion of amounts payable after more than one year`42`	130,896	125,728	36,335	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	19,866	18,670	15,866	4,814	25,674	372	261	207	207	408	-	-	1,142	-	-	3,813	-	-	373
Suppliers`440/4`	19,866	18,670	15,866	4,814	25,674	372	261	207	207	408	-	-	1,142	-	-	3,813	-	-	373
Taxes, remuneration and social security`45`	18,931	4,328	15,896	6,947	2,187	10,092	7,328	2,250	-	-	4,780	2,685	-	-	-	-	-	-	3,908
Taxes`450/3`	18,931	4,328	15,896	6,947	2,187	10,092	7,328	2,250	-	-	4,780	2,685	-	-	-	-	-	-	3,908
Other amounts payable`47/48`	142,380	94,604	31,019	21,277	20,527	27,427	28,480	42,680	27,680	19,730	4,230	9,310	10,310	7,877	7,847	28,603	28,805	41,691	87,056
Accrued charges and deferred income`492/3`	6,204	5,219	3,828	1,262	2,374	1,140	2,099	233	259	2,465	-	-	-	-	-	-	405	805	-
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	51	-	-	1,142	-	-	-	-	125	368	-
Gross operating margin`9900`	184,884	231,258	12,406	10,411	24,063	20,957	30,823	25,186	31,135	22,025	21,200	23,205	13,697	18,778	20,059	22,267	19,157	23,154	15,368
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	8,422	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	75,835	67,810	44,192	23,736	20,707	9,061	698	2,929	2,929	4,021	6,304	12,343	13,458	14,664	15,932	17,825	16,272	17,082	15,968
Other operating charges`640/8`	8,139	8,080	6,271	7,665	5,410	4,374	6,585	1,222	4,610	1,188	1,200	1,271	1,260	1,205	830	1,095	1,161	1,182	1,144
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	211	-	-	-	230	-	-	-	189
Operating profit (loss)`9901`	100,909	155,368	-38,056	-20,990	-2,054	7,522	23,540	21,035	23,596	16,816	13,696	9,591	-1,021	2,908	3,297	3,347	1,724	4,890	-1,744
Financial income`75/76B`	4,340	3,548	1,938	1,345	7,864	7,525	2,031	1,928	1,616	315	4	14	70	60	56	59	179	618	2,244
Recurring financial income`75`	4,340	3,548	1,938	1,345	7,864	7,525	2,031	1,928	1,616	315	4	14	70	60	56	59	179	618	2,244
Financial charges`65/66B`	23,905	38,624	17,743	4,545	90	198	60	63	63	110	55	107	104	107	112	1,088	1,437	2,658	342
Recurring financial charges`65`	23,905	38,624	17,743	4,545	90	198	60	63	63	110	55	107	104	107	112	1,088	1,437	2,658	342
Profit (loss) for the period before taxes`9903`	81,344	120,292	-53,861	-24,190	5,720	14,849	25,511	22,900	25,148	17,021	13,434	10,640	-1,055	2,861	3,011	2,318	591	3,219	-31
Income taxes`67/77`	17,873	396	181	-	2,012	4,367	3,373	2,250	17	-	4,781	2,687	-	-1,853	142	1,711	-	-902	-
Profit (loss) for the period`9904`	63,471	119,896	-54,042	-24,190	3,708	10,482	22,138	20,650	25,131	17,021	8,653	7,952	-1,055	4,714	2,869	607	591	4,121	-31
Profit (loss) for the period to be appropriated`9905`	63,471	119,896	-54,042	-24,190	3,708	10,482	22,138	20,650	25,131	17,021	8,653	7,952	-1,055	4,714	2,869	607	591	4,121	-31
Appropriation of the result
Profit (loss) to be appropriated`9906`	63,471	96,915	-54,042	-24,190	3,708	10,482	22,138	20,650	25,131	17,021	8,653	7,952	-1,055	4,714	2,869	607	591	4,121	-31
Profit (loss) brought forward from the previous period`14P`	-	-22,981	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	31,061	24,190	-	2,670	-	-	-	7,684	-	-	1,055	-	-	-	-	-	31
Transfer to equity`691/2`	63,471	96,915	-	-	3,708	13,151	7,138	5,650	131	8,205	8,653	7,952	-	4,714	2,869	607	591	4,121	-
To other reserves`6921`	63,471	96,915	-	-	3,708	13,151	7,138	5,650	131	8,205	8,653	7,952	-	4,714	2,869	607	591	4,121	-
Profit to be distributed`694/7`	-	-	-	-	-	-	15,000	15,000	25,000	16,500	-	-	-	-	-	-	-	-	-
Directors or managers`695`	-	-	-	-	-	-	15,000	15,000	25,000	16,500	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	27-08-2026	2026-00447380	PDF
31-12-2024	micro format	09-10-2025	2025-00537536	PDF
31-12-2023	micro format	30-09-2024	2024-00478177	PDF
31-12-2022	micro format	25-10-2023	2023-00491746	PDF
31-12-2021	micro format	09-11-2022	2022-20517631	PDF
31-12-2020	micro format	23-03-2022	2022-08300251	PDF
31-12-2019	micro format	07-07-2020	2020-27100003	PDF
31-12-2018	micro format	30-12-2019	2019-78000319	PDF
31-12-2017	micro format	29-12-2018	2018-76100519	PDF
31-12-2016	micro format	30-09-2017	2017-66300209	PDF
31-12-2015	abbreviated format	25-03-2016	2016-07300118	PDF
31-12-2014	abbreviated format	12-03-2015	2015-06000073	PDF
31-12-2013	abbreviated format	09-04-2014	2014-08800069	PDF
31-12-2012	abbreviated format	28-03-2013	2013-07100403	PDF
31-12-2011	abbreviated format	16-03-2012	2012-06200198	PDF
31-12-2010	abbreviated format	05-04-2011	2011-07700235	PDF
31-12-2009	abbreviated format	24-03-2010	2010-07200188	PDF
31-12-2008	abbreviated format	30-03-2009	2009-09100059	PDF
31-12-2007	abbreviated format	26-03-2008	2008-07600381	PDF
31-12-2006	abbreviated format	23-03-2007	2007-08705134	PDF
31-12-2005	abbreviated format	14-03-2006	2006-07101466	PDF
31-12-2004	abbreviated format	16-03-2005	2005-07702618	PDF
31-12-2003	abbreviated format	01-04-2004	2004-09704405	PDF
31-12-2002	abbreviated format	08-05-2003	2003-13305304	PDF
31-12-2001	abbreviated format	11-04-2002	2002-09404716	PDF
31-12-2000	abbreviated format	20-04-2001	2001-10301550	PDF
31-12-1999	abbreviated format	27-03-2000	2000-07505328	PDF
31-12-1998	abbreviated format	08-03-1999	1999-04401217	PDF
31-12-1997	abbreviated format	15-04-1998	1998-06805362	PDF
31-12-1996	abbreviated format	20-05-1997	1997-08204722	PDF
31-12-1995	abbreviated format	22-04-1996	1996-06401178	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	176,744	223,179	6,135	2,746	18,653	16,583	24,238	23,964	26,525	20,838	20,000	21,934	12,437	17,573	19,229	21,172	17,996	21,972	14,224
Cash flow	139,306	187,706	-9,850	-454	24,415	19,542	22,836	23,579	28,061	21,043	14,958	20,296	12,403	19,379	18,801	18,432	16,863	21,203	15,937
Investment in fixed assets (approximation)	13,900	74,395	765,173	85,460	22,700	1.1m	3,276	0	0	0	0	18,302	2,836	0	0	9,618	10,026	6,368	46,264
Change in cash	-23,507	51,981	21,885	-1,983	-7,171	9,813	-571	1,375	-4,295	-24,179	11,986	2,536	-33,698	19,398	-2,360	22,021	-6,325	909	-
Working capital	76,486	81,008	82,266	152,168	239,195	236,246	43,389	36,962	28,409	27,555	20,547	5,590	3,596	40,867	21,489	2,687	-5,722	-12,160	-69,665
Solvency	65.9%	63.2%	62.0%	97.6%	96.5%	97.3%	66.2%	59.8%	68.7%	73.2%	87.2%	81.4%	79.6%	92.2%	91.8%	72.4%	74.3%	66.3%	46.6%
Current ratio	1.25	1.33	1.83	5.61	5.94	7.23	2.20	1.82	2.02	2.37	3.28	1.47	1.31	6.19	3.74	1.08	0.80	0.71	0.24
Debt to equity	0.52	0.58	0.61	0.03	0.04	0.03	0.51	0.67	0.45	0.37	0.15	0.23	0.26	0.09	0.09	0.38	0.35	0.51	1.15
ROE	4.2%	8.4%	-4.1%	-1.8%	0.3%	0.8%	29.6%	30.6%	40.6%	27.6%	14.1%	15.1%	-2.4%	5.1%	3.3%	0.7%	0.7%	4.9%	0.0%
ROA	2.8%	5.3%	-2.6%	-1.7%	0.3%	0.7%	19.6%	18.3%	27.9%	20.2%	12.3%	12.3%	-1.9%	4.7%	3.0%	0.5%	0.5%	3.3%	0.0%
Interest coverage	7.39	5.78	0.35	0.60	over 100	-	over 100	-	-	-	-	-	-	-	-	-	-	-	-
Supplier credit	-	-	-	-	-	-	11 days	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€13,900	€74,395	€765,173	€85,460	€22,700
Depreciation and write-downs of the year	€75,835	€67,810	€44,192	€23,736	€20,707

15SQUARE

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency65.9%

Current ratio1.25

Return on assets2.8%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on 15SQUARE

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