A7M (0456.313.536): financials and annual accounts

A7M

Bruges ·KBO/BCE: BE 0456.313.536

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	310,757	297,282	328,453	341,610	391,523	419,598	479,996	568,868	616,771	759,101	540,766	497,285	499,619	474,010	476,900	38,469	20,518	16,090	7,381	11,202
Formation expenses`20`	71,247	85,510	99,774	114,037	128,301	142,564	156,828	171,091	185,355	161,239	-	-	-	-	-	-	-	-	-	0
Fixed assets`21/28`	119,110	144,077	164,636	188,029	211,422	234,814	258,796	282,778	306,760	330,742	355,178	379,614	404,050	419,629	441,351	-	-	-	-	147
Intangible fixed assets`21`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	147
Tangible fixed assets`22/27`	119,110	144,077	164,636	188,029	211,422	234,814	258,796	282,778	306,760	330,742	355,178	379,614	404,050	419,629	441,351	-	-	0	-	-
Land and buildings`22`	119,110	144,077	164,636	188,029	211,422	234,814	258,796	282,778	306,760	330,742	355,178	379,614	404,050	419,629	441,351	-	-	-	-	-
Current assets`29/58`	120,400	67,695	64,043	39,544	51,800	42,219	64,372	114,999	124,656	267,120	185,588	117,671	95,569	54,381	35,549	38,469	20,518	16,090	7,381	11,055
Stocks and contracts in progress`3`	0	621	-	-	2,168	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stocks`30/36`	0	621	-	-	2,168	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	106,707	62,113	19,559	2,809	46,717	42,180	61,897	105,614	108,873	245,454	176,844	106,897	89,481	50,768	30,208	11,729	6,661	10,740	5,542	7,677
Trade receivables`40`	46,231	44,996	13,598	-	44,097	42,180	61,897	79,897	103,336	144,188	134,361	66,906	40,181	31,277	22,200	10,725	1,661	9,515	5,525	7,562
Other amounts receivable`41`	60,476	17,117	5,961	2,809	2,620	-	-	25,718	5,537	101,266	42,483	39,991	49,300	19,491	8,008	1,004	5,000	1,225	17	115
Cash at bank and in hand`54/58`	13,693	4,961	21,913	14,519	1,477	39	2,475	9,384	15,783	21,666	8,744	10,774	6,088	3,613	4,681	26,740	8,105	4,880	1,839	3,378
Deferred charges and accrued income`490/1`	-	-	22,571	22,216	1,438	-	-	-	-	-	-	-	-	-	660	-	5,752	470	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	310,757	297,282	328,453	341,610	391,523	419,598	479,996	568,868	616,771	759,101	540,766	497,285	499,619	474,010	476,900	38,469	20,518	16,090	7,381	11,202
Equity`10/15`	112,002	93,207	71,362	68,637	74,624	54,490	54,047	25,422	66,552	51,570	24,575	27,278	23,822	22,037	20,062	16,633	13,200	9,345	2,913	-3,039
Contributions`10/11`	261,915	261,915	261,915	261,915	250,490	234,931	193,600	125,915	119,915	84,167	27,100	27,100	27,100	23,350	23,350	21,100	21,092	21,092	21,092	24,092
Issued capital`100`	-	-	-	-	-	-	193,600	125,915	119,915	84,167	27,100	27,100	27,100	23,350	23,350	21,100	21,092	21,092	21,092	24,092
Reserves`13`	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,851	1,859	1,859	1,859	1,859
Non-distributable reserves`130/1`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,851	1,859	1,859	1,859	1,859
Reserves not available under the articles`1311`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	-151,773	-170,568	-192,413	-195,138	-177,726	-182,301	-141,413	-102,354	-55,223	-34,457	-4,385	-1,682	-5,138	-3,173	-5,148	-6,318	-9,751	-13,606	-20,038	-28,990
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,500	7,500	-	-	-	-
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,500	7,500	-	-	-	-
Amounts payable`17/49`	198,755	204,075	257,091	272,972	316,899	365,108	425,949	543,446	550,219	707,531	516,191	470,007	475,797	451,973	449,338	14,336	7,318	6,745	4,468	14,241
Amounts payable after more than one year`17`	133,847	158,376	182,207	204,657	227,152	301,362	320,954	363,653	371,527	484,627	420,452	391,459	386,779	403,141	418,896	-	-	-	-	-
Financial debts`170/4`	133,847	158,376	182,207	204,657	227,152	249,324	260,401	281,329	301,662	321,417	386,779	386,779	386,779	403,141	418,896	-	-	-	-	-
Advances received on contracts in progress`176`	-	-	-	-	-	52,038	60,553	82,324	69,865	163,210	33,673	4,680	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	64,908	45,699	74,884	62,605	89,747	63,746	104,995	169,793	178,692	221,557	70,268	67,395	89,018	48,832	30,442	14,309	7,267	6,717	4,468	14,241
Current portion of amounts payable after more than one year`42`	-	-	23,153	23,196	-	-	-	-	-	-	12,329	12,329	16,361	15,756	15,172	-	-	-	-	-
Financial debts`43`	24,529	23,831	-	-	22,172	21,541	20,928	24,341	19,755	19,193	34,232	34,232	29,966	4,887	-	-	-	-	-	-
Credit institutions`430/8`	24,529	23,831	-	-	22,172	21,541	20,928	20,333	19,755	19,193	34,232	34,232	29,966	4,887	-	-	-	-	-	-
Other loans`439`	-	-	-	-	-	-	-	4,008	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	1,255	538	1,281	1,852	1,297	779	897	4,542	4,708	10,059	3,284	9,833	10,521	7,812	7,343	14,309	6,946	6,366	2,960	11,703
Suppliers`440/4`	1,255	538	1,281	1,852	1,297	779	897	4,542	4,708	10,059	3,284	9,833	10,521	7,812	7,343	14,309	6,946	6,366	2,960	11,703
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,462	-	-	-	-	-
Taxes, remuneration and social security`45`	28,040	6,615	37,324	11,966	18,926	10,585	17,736	23,769	15,608	29,194	20,423	10,888	19,982	20,264	4,465	-	321	351	63	2,138
Taxes`450/3`	9,860	6,615	37,324	11,966	16,148	10,585	17,736	23,769	15,608	29,194	20,423	9,940	17,874	19,915	2,965	-	321	351	63	2,138
Remuneration and social security`454/9`	18,180	0	-	-	2,778	-	-	-	-	-	-	948	2,108	349	1,500	-	-	-	-	0
Other amounts payable`47/48`	11,084	14,715	13,126	25,591	47,353	30,840	65,433	117,141	138,621	163,111	-	113	12,188	113	-	-	-	-	1,445	400
Accrued charges and deferred income`492/3`	-	-	0	5,710	-	-	-	10,000	-	1,347	25,471	11,153	-	-	-	27	51	28	-	0
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,885	19,542	62,786
Gross operating margin`9900`	66,456	68,607	65,333	64,680	68,606	30,231	58,631	36,086	47,049	-14,190	40,654	57,577	53,174	41,394	32,436	11,560	12,010	12,471	10,960	44,515
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,414	8,582	18,272
Remuneration, social security and pensions`62`	-	19	-	0	197	44	13	226	887	88	254	5,773	9,036	362	-	-	-	-	56	29,888
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	39,231	37,656	37,656	37,656	37,656	38,245	38,245	38,245	38,245	35,959	24,436	24,436	24,436	23,993	23,539	-	-	-	147	657
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	13,036	13,036	-	-	-	-	-	-	-	-	-	540	430	-	1,193	-	662	550
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	10,000	-	-	-	-	-	-7,500	-	7,500	-	-	-	-
Other operating charges`640/8`	3,445	3,027	3,352	3,105	3,437	7,989	15,022	5,897	10,127	2,179	2,740	3,546	3,193	3,712	556	638	554	689	794	660
Operating charges capitalised as restructuring costs`649`	-	-	-	-	-	-	-	-	-38,379	-172,762	-	-	-	-	-	-	-	-	-	-
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,364	-	389	-
Operating profit (loss)`9901`	23,780	27,905	11,289	10,882	27,316	-16,047	5,351	-18,282	36,170	120,346	13,224	23,822	16,509	20,287	7,911	3,422	10,263	11,782	9,301	12,760
Financial income`75/76B`	82	1	15	10	1	72	1	-	-	-	-	8	46	5	303	85	29	228	221	73
Recurring financial income`75`	82	1	15	10	1	72	1	-	-	-	-	8	46	5	303	85	29	228	221	73
Financial charges`65/66B`	5,067	6,060	8,580	28,304	22,742	24,913	44,411	28,849	56,936	150,418	15,927	19,959	18,520	17,777	6,798	62	64	5,578	181	1,959
Recurring financial charges`65`	5,067	6,060	8,580	28,304	22,742	24,913	36,211	28,849	56,936	150,418	15,927	19,959	18,520	17,777	6,798	62	64	5,578	181	1,959
Non-recurring financial charges`66B`	-	-	-	-	-	-	8,200	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	18,795	21,846	2,725	-17,412	4,575	-40,888	-39,059	-47,130	-20,766	-30,072	-2,703	3,871	-1,965	2,515	1,416	3,445	3,864	6,432	8,952	10,874
Income taxes`67/77`	-	-	-	-	-	-	-	-	-	-	-	415	-	540	238	12	9	-	-	-
Profit (loss) for the period`9904`	18,795	21,846	2,725	-17,412	4,575	-40,888	-39,059	-47,130	-20,766	-30,072	-2,703	3,456	-1,965	1,975	1,178	3,433	3,855	6,432	8,952	10,874
Profit (loss) for the period to be appropriated`9905`	18,795	21,846	2,725	-17,412	4,575	-40,888	-39,059	-47,130	-20,766	-30,072	-2,703	3,456	-1,965	1,975	1,178	3,433	3,855	6,432	8,952	10,874
Appropriation of the result
Profit (loss) to be appropriated`9906`	-151,773	-170,568	-192,413	-195,138	-177,726	-182,301	-141,413	-102,354	-55,223	-34,457	-4,385	-1,682	-5,138	-3,173	-5,140	-6,318	-9,751	-13,606	-20,038	-28,990
Profit (loss) brought forward from the previous period`14P`	-170,568	-192,413	-195,138	-177,726	-182,301	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-	-	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	14-08-2026	2026-00398530	PDF
31-12-2024	micro format	26-08-2025	2025-00405260	PDF
31-12-2023	micro format	08-10-2024	2024-00498825	PDF
31-12-2022	micro format	31-08-2024	2024-00424341	PDF
31-12-2021	micro format	14-10-2022	2022-20462071	PDF
31-12-2020	micro format	31-08-2021	2021-63800277	PDF
31-12-2019	micro format	12-01-2021	2021-00700055	PDF
31-12-2018	micro format	02-09-2019	2019-60800189	PDF
31-12-2017	micro format	31-08-2018	2018-57800418	PDF
31-12-2016	micro format	31-08-2017	2017-54900133	PDF
31-12-2015	abbreviated format	01-09-2016	2016-57600320	PDF
31-12-2014	abbreviated format	27-08-2015	2015-49000132	PDF
31-12-2013	abbreviated format	31-10-2014	2014-66200074	PDF
31-12-2012	abbreviated format	09-10-2013	2013-62400338	PDF
31-12-2011	abbreviated format	03-09-2012	2012-55300178	PDF
31-12-2010	abbreviated format	31-08-2011	2011-52000306	PDF
31-12-2009	abbreviated format	30-08-2010	2010-49400207	PDF
31-12-2008	abbreviated format	29-08-2009	2009-73700260	PDF
31-12-2007	abbreviated format	27-08-2008	2008-66300027	PDF
31-12-2006	abbreviated format	28-08-2007	2007-65000095	PDF
31-12-2005	abbreviated format	30-08-2006	2006-73802311	PDF
31-12-2004	abbreviated format	09-09-2005	2005-67400239	PDF
31-12-2003	abbreviated format	02-08-2004	2004-57604411	PDF
31-12-2002	abbreviated format	30-09-2003	2003-71005329	PDF
31-12-2001	abbreviated format	02-10-2002	2002-62001619	PDF
31-12-2000	abbreviated format	15-10-2001	2001-64201958	PDF
31-12-1999	abbreviated format	13-09-2000	2000-56201434	PDF
31-12-1998	abbreviated format	18-02-2000	2000-04104639	PDF
31-12-1997	abbreviated format	02-12-1998	1998-60001802	PDF
31-12-1996	abbreviated format	11-03-1998	1998-04203099	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	63,011	65,561	48,946	48,539	64,972	22,198	43,596	19,964	74,415	156,305	37,660	48,258	40,945	44,280	31,450	-	-	-	9,448	13,417
Cash flow	58,026	59,502	40,381	20,244	42,231	-2,642	-814	-8,885	17,479	5,887	21,733	27,892	22,471	25,968	24,717	-	-	-	9,099	11,531
Investment in fixed assets (approximation)	14,264	2,834	14,264	14,264	14,264	14,264	14,264	14,264	14,264	11,523	0	0	8,857	2,271	464,890	-	-	-	0	0
Change in cash	8,732	-16,953	7,395	13,041	1,438	-2,436	-6,910	-6,399	-5,883	12,922	-2,030	4,686	2,475	-1,068	-22,059	18,635	3,225	3,041	-1,539	-
Working capital	55,492	21,996	-10,841	-23,061	-37,947	-21,526	-40,623	-54,795	-54,036	45,563	115,320	50,276	6,551	5,549	5,107	24,160	13,251	9,373	2,913	-3,186
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62.4%	47.6%	20.3%
Solvency	36.0%	31.4%	21.7%	20.1%	19.1%	13.0%	11.3%	4.5%	10.8%	6.8%	4.5%	5.5%	4.8%	4.6%	4.2%	43.2%	64.3%	58.1%	39.5%	-27.1%
Current ratio	1.85	1.48	0.86	0.63	0.58	0.66	0.61	0.68	0.70	1.21	2.64	1.75	1.07	1.11	1.17	2.69	2.82	2.40	1.65	0.78
Quick ratio	1.85	1.47	0.86	0.63	0.55	0.66	0.61	0.68	0.70	1.21	2.64	1.75	1.07	1.11	1.17	2.69	2.82	2.40	1.65	0.78
Debt to equity	1.77	2.19	3.60	3.98	4.25	6.70	7.88	21.38	8.27	13.72	21.00	17.23	19.97	20.51	22.40	0.86	0.55	0.72	1.53	-
ROE	16.8%	23.4%	3.8%	-25.4%	6.1%	-75.0%	-72.3%	-185.4%	-31.2%	-58.3%	-11.0%	12.7%	-8.2%	9.0%	5.9%	20.6%	29.2%	68.8%	307.3%	-
ROA	6.0%	7.3%	0.8%	-5.1%	1.2%	-9.7%	-8.1%	-8.3%	-3.4%	-4.0%	-0.5%	0.7%	-0.4%	0.4%	0.2%	8.9%	18.8%	40.0%	121.3%	97.1%
Interest coverage	12.44	10.82	5.70	1.71	2.86	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	184 days	103 days	44 days
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	362 days	126 days	234 days

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€2,834	-	-	-
Depreciation and write-downs of the year	€39,231	€37,656	€37,656	€37,656	€37,656

A7M

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency36.0%

Current ratio1.85

Return on assets6.0%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on A7M

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