AEBELE (0506.698.702): financials and annual accounts

AEBELE

Antwerp ·KBO/BCE: BE 0506.698.702

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Balance sheet: assets
Total assets`20/58`	838,014	861,848	955,645	1.2m	1.3m	520,828	318,863	385,388	404,490	424,971	464,024
Formation expenses`20`	-	-	-	-	-	-	-	0	-	-	-
Fixed assets`21/28`	20,637	33,303	46,084	26,642	22,609	28,319	10,704	14,209	7,710	8,316	6,564
Intangible fixed assets`21`	-	-	-	-	-	-	-	0	-	-	-
Tangible fixed assets`22/27`	20,637	33,303	46,084	26,642	22,609	28,319	10,704	14,209	7,710	8,316	6,564
Land and buildings`22`	-	-	-	-	-	-	-	0	-	-	-
Plant, machinery and equipment`23`	2,179	4,399	3,308	-	-	-	-	0	-	-	-
Furniture and vehicles`24`	3,108	6,147	11,387	10,878	10,781	13,842	131	850	2,855	3,158	-
Other tangible fixed assets`26`	15,351	22,756	31,389	15,764	11,828	14,476	10,573	13,359	4,855	5,158	6,564
Assets under construction and advance payments`27`	-	-	-	-	-	-	-	0	-	-	-
Financial fixed assets`28`	-	-	-	-	-	-	-	0	-	-	-
Current assets`29/58`	817,377	828,545	909,561	1.1m	1.3m	492,510	308,159	371,179	396,780	416,655	457,459
Amounts receivable after more than one year`29`	-	-	-	-	-	-	-	0	-	-	-
Trade receivables`290`	-	-	-	-	-	-	-	0	-	-	-
Other amounts receivable`291`	-	-	-	-	-	-	-	0	-	-	-
Stocks and contracts in progress`3`	539,689	372,117	492,359	553,670	234,222	228,509	149,895	144,153	115,809	114,852	108,226
Stocks`30/36`	321,032	363,778	368,324	219,928	234,222	228,509	149,895	144,153	115,809	114,852	108,226
Contracts in progress`37`	218,657	8,340	124,035	333,742	-	-	-	0	-	-	-
Amounts receivable within one year`40/41`	174,564	300,016	256,528	450,702	287,424	212,118	83,361	90,301	125,767	185,453	253,499
Trade receivables`40`	123,978	249,809	207,901	263,644	286,861	200,161	52,683	69,626	121,791	141,758	253,499
Other amounts receivable`41`	50,587	50,207	48,627	187,058	563	11,957	30,677	20,676	3,977	43,696	-
Current investments`50/53`	40,696	22,527	4,500	-	-	-	-	0	-	-	-
Cash at bank and in hand`54/58`	32,011	105,043	130,640	119,521	748,768	51,883	71,368	136,532	155,203	112,451	93,480
Deferred charges and accrued income`490/1`	30,417	28,841	25,533	4,810	3,650	0	3,535	193	-	3,898	2,254
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	838,014	861,848	955,645	1.2m	1.3m	520,828	318,863	385,388	404,490	424,971	464,024
Equity`10/15`	408,246	495,089	515,458	397,049	311,512	112,303	36,241	-37,090	151,032	63,711	59,600
Contributions`10/11`	12,400	12,400	12,400	12,400	12,400	12,400	12,400	6,200	6,200	6,200	6,200
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	6,200	12,400	12,400	12,400	12,400
Contributions outside capital`11`	-	-	-	-	-	-	-	0	-	-	-
Share premium`1100/10`	-	-	-	-	-	-	-	0	-	-	-
Revaluation surpluses`12`	-	-	-	-	-	-	-	0	-	-	-
Reserves`13`	397,844	397,844	397,844	339,844	299,112	99,903	23,841	144,832	144,832	57,511	53,400
Non-distributable reserves`130/1`	-	-	0	1,860	1,860	1,860	-	0	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	-	-	0	1,860	1,860	1,860	-	-	-	-	-
Own shares acquired`1312`	-	-	-	-	-	-	-	0	-	-	-
Other`1319`	-	-	-	-	-	-	-	0	-	-	-
Tax-exempt reserves`132`	-	-	-	-	-	-	-	0	-	-	-
Distributable reserves`133`	397,844	397,844	397,844	337,984	297,252	98,043	21,981	142,972	142,972	55,651	51,540
Profit (loss) carried forward`14`	-1,998	84,845	105,214	44,805	-	-	0	-188,122	-	-	-
Investment grants`15`	-	-	-	-	-	-	-	0	-	-	-
Advance to shareholders on the distribution of net assets`19`	-	-	-	-	-	-	-	0	-	-	-
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	0	-	-	-
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	0	-	-	-
Pensions and similar obligations`160`	-	-	-	-	-	-	-	0	-	-	-
Taxes`161`	-	-	-	-	-	-	-	0	-	-	-
Major repairs and maintenance`162`	-	-	-	-	-	-	-	0	-	-	-
Environmental obligations`163`	-	-	-	-	-	-	-	0	-	-	-
Other liabilities and charges`164/5`	-	-	-	-	-	-	-	0	-	-	-
Deferred taxes`168`	-	-	-	-	-	-	-	0	-	-	-
Amounts payable`17/49`	429,768	366,759	440,186	758,296	985,160	408,525	282,623	422,478	253,458	361,259	404,423
Amounts payable after more than one year`17`	-	-	0	15,903	36,598	56,450	66,583	0	-	-	-
Financial debts`170/4`	-	-	0	15,903	36,598	56,450	66,583	0	-	-	-
Trade debts`175`	-	-	-	-	-	-	-	0	-	-	-
Advances received on contracts in progress`176`	-	-	-	-	-	-	-	0	-	-	-
Other amounts payable`178/9`	-	-	-	-	-	-	-	0	-	-	-
Amounts payable within one year`42/48`	429,768	366,759	440,186	742,393	325,291	352,075	216,040	422,478	251,538	361,259	404,423
Current portion of amounts payable after more than one year`42`	-	0	15,903	20,695	20,127	19,849	19,298	0	-	-	-
Financial debts`43`	250,000	200,000	-	-	0	75,000	75,000	202	-	-	-
Credit institutions`430/8`	250,000	200,000	-	-	0	75,000	75,000	202	-	-	-
Other loans`439`	-	-	-	-	-	-	-	0	-	-	-
Trade debts`44`	119,904	96,095	140,898	251,471	209,171	236,005	75,178	336,195	165,993	143,455	264,125
Suppliers`440/4`	119,904	96,095	140,898	251,471	209,171	236,005	75,178	336,195	165,993	143,455	264,125
Bills of exchange payable`441`	-	-	-	-	-	-	-	0	-	-	-
Advances received on contracts in progress`46`	-	0	237,432	359,813	-	0	28,650	1,408	10,635	177,352	72,152
Taxes, remuneration and social security`45`	59,864	70,664	45,953	110,414	90,664	9,837	11,120	84,672	73,282	40,452	68,146
Taxes`450/3`	32,940	43,980	29,470	93,240	82,373	1,984	4,253	59,444	51,445	19,471	53,342
Remuneration and social security`454/9`	26,924	26,684	16,483	17,174	8,291	7,853	6,868	25,228	21,837	20,980	14,804
Other amounts payable`47/48`	-	-	-	0	5,330	11,384	6,793	0	1,628	-	-
Accrued charges and deferred income`492/3`	-	-	-	0	623,271	-	-	0	1,920	-	-
Income statement
Gross operating margin`9900`	146,493	190,341	344,076	252,895	375,471	171,297	169,381	33,595	307,051	163,741	243,303
Remuneration, social security and pensions`62`	193,753	172,718	148,132	116,007	76,542	75,749	88,340	205,631	162,291	147,148	155,724
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	14,011	15,433	12,697	7,796	5,710	4,039	3,505	4,791	3,427	2,693	469
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	0	-	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	0	-	-	-
Other operating charges`640/8`	3,325	4,267	4,177	7,678	993	2,529	1,442	8,770	811	3,125	514
Operating charges capitalised as restructuring costs`649`	-	-	-	-	-	-	-	0	-	-	-
Non-recurring operating charges`66A`	-	0	5,302	-	-	-	-	0	-	-	-
Operating profit (loss)`9901`	-64,596	-2,076	173,767	121,414	292,226	88,981	76,094	-185,597	140,523	10,776	86,596
Financial income`75/76B`	3,258	1,035	2,529	3,766	412	604	382	153	904	0	-
Recurring financial income`75`	3,258	1,035	2,529	3,766	412	604	382	153	904	0	-
Non-recurring financial income`76B`	-	-	-	-	-	-	-	0	-	-	-
Financial charges`65/66B`	24,952	18,137	10,611	3,965	4,948	5,711	6,914	2,301	2,687	766	1,036
Recurring financial charges`65`	24,952	18,137	10,611	3,965	4,948	5,711	6,914	2,301	2,687	766	1,036
Non-recurring financial charges`66B`	-	-	-	-	-	-	-	0	-	-	-
Profit (loss) for the period before taxes`9903`	-86,289	-19,178	165,686	121,215	287,690	83,874	69,562	-187,746	138,740	10,010	85,561
Income taxes`67/77`	554	1,191	47,277	35,678	88,481	7,812	2,432	376	51,419	5,899	32,161
Profit (loss) for the period`9904`	-86,843	-20,369	118,409	85,537	199,209	76,062	67,131	-188,122	87,320	4,111	53,400
Transfer from tax-exempt reserves`789`	-	-	-	-	-	-	-	0	-	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	-	0	-	-	-
Profit (loss) for the period to be appropriated`9905`	-86,843	-20,369	118,409	85,537	199,209	76,062	67,131	-188,122	87,320	4,111	53,400
Appropriation of the result
Profit (loss) to be appropriated`9906`	-1,998	84,845	163,214	85,537	199,209	76,062	-120,991	-188,122	87,320	4,111	53,400
Profit (loss) brought forward from the previous period`14P`	84,845	105,214	44,805	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	-	0	142,972	0	-	-	-
Transfer to equity`691/2`	-	0	58,000	40,732	199,209	76,062	21,981	0	87,320	4,111	53,400
Addition to contributions`691`	-	-	-	-	-	-	-	0	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	0	-	-	1,860
To other reserves`6921`	-	0	58,000	40,732	199,209	76,062	21,981	0	87,320	4,111	51,540
Profit to be distributed`694/7`	-	-	-	-	-	-	-	0	-	-	-
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	0	-	-	-
Directors or managers`695`	-	-	-	-	-	-	-	0	-	-	-
Employees`696`	-	-	-	-	-	-	-	0	-	-	-
Social balance sheet
Average staff (FTE)`9087`	2.5	2.2	1.8	2	1	1	1.6	3	3	2.3	2
Hours worked`1013`	4,339	3,761	3,172	2,889	1,673	1,652	2,416	5,388	5,510	44,232	3,762
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	22-07-2026	2026-00340148	PDF
31-12-2024	abbreviated format	04-07-2025	2025-00244537	PDF
31-12-2023	abbreviated format	09-07-2024	2024-00231913	PDF
31-12-2022	abbreviated format	19-07-2023	2023-00256502	PDF
31-12-2021	micro format	28-07-2022	2022-20238523	PDF
31-12-2020	abbreviated format	07-07-2021	2021-32100249	PDF
31-12-2019	abbreviated format	11-08-2020	2020-40300462	PDF
31-12-2018	abbreviated format	28-08-2019	2019-54300353	PDF
31-12-2017	abbreviated format	20-07-2018	2018-36500108	PDF
31-12-2016	abbreviated format	30-06-2017	2017-26000519	PDF
31-12-2015	abbreviated format	20-07-2016	2016-34500239	PDF

Year	Entries	Awarded	Paid
2025	1	€2,000	€2,000
2024	1	€9,000	€9,000

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EBITDA	-50,585	13,357	186,464	129,211	297,935	93,020	79,599	-180,806	143,949	13,468	87,065
Cash flow	-72,832	-4,937	131,106	93,333	204,919	80,101	70,635	-183,331	90,747	6,804	53,869
Investment in fixed assets (approximation)	1,345	2,652	32,139	11,829	0	21,653	0	11,289	2,821	4,444	7,033
Change in cash	-73,032	-25,597	11,119	-629,246	696,885	-19,485	-65,163	-18,672	42,752	18,972	-
Working capital	387,609	461,786	469,375	386,311	948,773	140,434	92,119	-51,299	145,242	55,396	53,036
Solvency	48.7%	57.4%	53.9%	34.4%	24.0%	21.6%	11.4%	-9.6%	37.3%	15.0%	12.8%
Current ratio	1.90	2.26	2.07	1.52	3.92	1.40	1.43	0.88	1.58	1.15	1.13
Quick ratio	0.65	1.24	0.95	0.77	3.20	0.75	0.73	0.54	1.12	0.84	0.86
Debt to equity	1.05	0.74	0.85	1.91	3.16	3.64	7.80	-	1.68	5.67	6.79
ROE	-21.3%	-4.1%	23.0%	21.5%	63.9%	67.7%	185.2%	-	57.8%	6.5%	89.6%
ROA	-10.4%	-2.4%	12.4%	7.4%	15.4%	14.6%	21.1%	-48.8%	21.6%	1.0%	11.5%
Interest coverage	-2.03	0.74	17.57	32.59	60.22	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	3	3	2	2	1
full-time	1	2	1	1	0
part-time	2	1	1	1	1
in full-time equivalents	2.2	2.9	1.9	1.9	0.9
Average over the year, in full-time equivalents	2.5	2.2	1.8	2	0.9
On a permanent contract	3	3	2	2	1
Joined	1	1	-	2	-
Left	1	0	-	1	-

AEBELE

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency48.7%

Current ratio1.90

Return on assets-10.4%

Staff

Staff cost per FTE€77,501

Joined and left+0

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2024 to 2025, 2 entries, €11,000 awarded, €11,000 paid

Key figures and ratios

Social balance sheet

Investments

Insights on AEBELE

Next steps

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€1,345	€2,652	€32,139	€11,829	-
Depreciation and write-downs of the year	€14,011	€15,433	€12,697	€7,796	€5,710