ARCOPAR (0442.733.140), Dissolution or liquidation: annual accounts

ARCOPAR

Schaerbeek ·KBO/BCE: BE 0442.733.140

Line	2026	2025	2024	2023	2022	2012	2011	2010	2009
Balance sheet: assets
Total assets`20/58`	185.2m	181.9m	178.2m	173.1m	174.0m	338.7m	469.5m	1.84bn	1.79bn
Fixed assets`21/28`	-	-	-	-	-	238.5m	231.7m	1.45bn	1.44bn
Tangible fixed assets`22/27`	-	-	-	-	-	7.0m	7.0m	6.9m	2.9m
Land and buildings`22`	-	-	-	-	-	7.0m	7.0m	338,329	338,328
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	89,970	112,686
Furniture and vehicles`24`	-	-	-	-	-	-	-	38,444	46,461
Assets under construction and advance payments`27`	-	-	-	-	-	-	-	6.4m	2.4m
Financial fixed assets`28`	-	-	-	-	-	231.5m	224.7m	1.44bn	1.43bn
Affiliated companies`280/1`	-	-	-	-	-	-	-	1.09bn	985.8m
Participating interests`280`	-	-	-	-	-	-	-	487.3m	487.3m
Amounts receivable`281`	-	-	-	-	-	-	-	605.6m	498.5m
Companies linked by participating interests`282/3`	-	-	-	-	-	103.5m	101.0m	295.0m	319.3m
Participating interests`282`	-	-	-	-	-	2.8m	1.2m	111.7m	105.9m
Amounts receivable`283`	-	-	-	-	-	100.6m	99.8m	183.3m	213.4m
Other financial fixed assets`284/8`	-	-	-	-	-	128.0m	123.7m	56.3m	128.4m
Shares`284`	-	-	-	-	-	101.0m	96.9m	24.3m	45.8m
Amounts receivable and cash guarantees`285/8`	-	-	-	-	-	27.0m	26.9m	32.1m	82.6m
Current assets`29/58`	185.2m	181.9m	178.2m	173.1m	174.0m	100.3m	237.8m	388.7m	358.3m
Amounts receivable after more than one year`29`	-	-	-	-	-	5,044	17,100	573,642	17,025
Other amounts receivable`291`	-	-	-	-	-	5,044	17,100	573,642	17,025
Amounts receivable within one year`40/41`	1.1m	1.4m	1.0m	41,318	38,344	1.7m	3.0m	17.7m	23.3m
Trade receivables`40`	35,016	62,392	53,850	36,889	31,570	250,806	154,143	2.5m	1.2m
Other amounts receivable`41`	1.1m	1.3m	955,259	4,429	6,774	1.4m	2.8m	15.2m	22.1m
Current investments`50/53`	98.7m	85.2m	76.8m	-	4.0m	63.6m	211.4m	333.5m	311.0m
Other investments`51/53`	-	-	-	-	-	63.6m	211.4m	333.5m	311.0m
Cash at bank and in hand`54/58`	84.1m	94.1m	99.1m	173.0m	169.9m	28.6m	11.2m	17.9m	4.8m
Deferred charges and accrued income`490/1`	1.3m	1.2m	1.3m	30,428	16,756	6.4m	12.2m	19.1m	19.3m
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	185.2m	181.9m	178.2m	173.1m	174.0m	338.7m	469.5m	1.84bn	1.79bn
Equity`10/15`	-159.3m	-160.7m	-163.0m	-163.9m	-151.9m	-	-	1.50bn	1.49bn
Contributions`10/11`	1.34bn	1.34bn	1.34bn	1.34bn	1.35bn	1.36bn	1.36bn	1.35bn	1.34bn
Issued capital`100`	-	-	-	-	-	1.36bn	1.36bn	1.35bn	1.34bn
Reserves`13`	144.2m	144.2m	144.2m	144.2m	144.2m	144.2m	144.2m	138.4m	135.9m
Non-distributable reserves`130/1`	42.6m	42.6m	42.6m	42.6m	42.6m	-	-	-	-
Legal reserve`130`	-	-	-	-	-	42.6m	42.6m	39.6m	37.2m
Reserves not available under the articles`1311`	42.6m	42.6m	42.6m	42.6m	42.6m	-	-	-	-
Tax-exempt reserves`132`	972	972	972	972	972	632	338	-	-
Distributable reserves`133`	101.6m	101.6m	101.6m	101.6m	101.6m	101.6m	101.6m	98.8m	98.7m
Profit (loss) carried forward`14`	-1.65bn	-1.65bn	-1.65bn	-1.65bn	-1.64bn	-1.50bn	-1.50bn	12.6m	7.6m
Investment grants`15`	-	-	-	-	-	131,858	136,811	-	-
Provisions and deferred taxes`16`	64.9m	65.8m	66.9m	66.8m	61.9m	210.5m	175.6m	7.7m	16.3m
Provisions for liabilities and charges`160/5`	64.9m	65.8m	66.9m	66.8m	61.9m	210.5m	175.6m	7.7m	16.3m
Pensions and similar obligations`160`	-	-	-	-	-	330,627	141,037	259,539	141,737
Other liabilities and charges`164/5`	64.9m	65.8m	66.9m	66.8m	61.9m	210.1m	175.5m	7.5m	16.1m
Amounts payable`17/49`	279.6m	276.8m	274.3m	270.2m	263.9m	128.3m	293.8m	327.4m	292.2m
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	45.4m	50.4m
Financial debts`170/4`	-	-	-	-	-	-	-	45.4m	50.4m
Credit institutions`173`	-	-	-	-	-	-	-	-	5.0m
Other loans`174`	-	-	-	-	-	-	-	45.4m	45.4m
Amounts payable within one year`42/48`	279.6m	276.8m	274.3m	270.2m	263.9m	125.6m	289.5m	279.5m	235.0m
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	625,991	567,817	5.0m	25,000
Financial debts`43`	123.7m	120.8m	117.9m	115.1m	112.2m	41.7m	205.5m	215.0m	167.8m
Credit institutions`430/8`	37.0m	36.9m	36.8m	36.7m	36.6m	41.7m	205.5m	215.0m	167.8m
Other loans`439`	86.7m	83.9m	81.2m	78.4m	75.7m	-	-	-	-
Trade debts`44`	882,316	937,968	954,090	940,224	950,294	1.2m	1.1m	3.1m	1.8m
Suppliers`440/4`	882,316	937,968	954,090	940,224	950,294	1.2m	1.1m	3.1m	1.8m
Taxes, remuneration and social security`45`	56,764	54,634	59,151	54,285	45,088	78,742	326,745	370,641	305,245
Taxes`450/3`	-	-	-	-	-	-	119,007	172,641	90,245
Remuneration and social security`454/9`	56,764	54,634	59,151	54,285	45,088	78,742	207,738	198,000	215,000
Other amounts payable`47/48`	155.0m	155.0m	155.4m	154.1m	150.7m	82.0m	82.0m	56.0m	65.1m
Accrued charges and deferred income`492/3`	225	234	23	19	595	2.6m	4.3m	2.5m	6.8m
Income statement
Operating income`70/76A`	-	-	-	-	-	148,032	186,080	7.0m	3.7m
Non-recurring operating income`76A`	-	-	-	-	-	68.8m	101.5m	21.5m	28.2m
Gross operating margin`9900`	-415,346	-427,159	-641,270	-466,389	-341,304	-	-	-	-
Operating charges`60/66A`	-	-	-	-	-	1.9m	4.0m	12.1m	9.5m
Services and other goods`61`	-	-	-	-	-	431,490	2.5m	10.5m	7.8m
Remuneration, social security and pensions`62`	408,467	621,028	422,296	391,588	548,431	1.3m	1.3m	1.4m	1.5m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	-	-	-	-	242,519	49,327	90,755
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-876,057	-1.1m	101,604	170,836	-	186,387	-47,254	71,553	117,347
Other operating charges`640/8`	3,915	3,267	2,103	1,704	2,340	30,125	20,498	67,093	59,358
Non-recurring operating charges`66A`	-	-	-	4.7m	-	87.5m	1.64bn	46.3m	61.0m
Operating profit (loss)`9901`	48,330	46,089	-1.2m	-5.7m	-892,075	-1.8m	-3.8m	-5.1m	-5.8m
Financial income`75/76B`	4.6m	5.0m	6.9m	3,386	286,201	14.4m	34.9m	78.1m	86.6m
Recurring financial income`75`	4.6m	5.0m	6.9m	2,867	18,483	14.4m	34.9m	78.1m	86.6m
Income from financial fixed assets`750`	-	-	-	-	-	3.0m	20.3m	60.1m	69.7m
Income from current assets`751`	-	-	-	-	-	1.8m	9.0m	15.2m	15.2m
Other financial income`752/9`	-	-	-	-	-	9.6m	5.6m	2.8m	1.7m
Non-recurring financial income`76B`	-	-	3,050	519	267,718	-	-	-	-
Financial charges`65/66B`	3.0m	2.9m	2.9m	2.9m	3.4m	-6.2m	22.0m	-487,135	32.6m
Recurring financial charges`65`	3.0m	2.9m	2.9m	2.9m	2.9m	-6.2m	22.0m	-487,135	32.6m
Debt charges`650`	-	-	-	-	-	711,427	10.7m	7.1m	11.1m
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)`651`	-	-	-	-	-	-6.9m	8.4m	-10.1m	18.5m
Other financial charges`652/9`	-	-	-	-	-	37,772	2.8m	2.5m	3.1m
Non-recurring financial charges`66B`	-	-	-	51,342	438,498	-	-	-	-
Profit (loss) for the period before taxes`9903`	1.6m	2.1m	2.8m	-8.6m	-4.0m	4,953	-1.53bn	48.7m	15.4m
Income taxes`67/77`	197,513	218,670	721,354	202	382	-	-	-	2,340
Taxes`670/3`	-	-	-	-	-	-	-	-	2,340
Profit (loss) for the period`9904`	-	-	-	-8.6m	-4.0m	4,953	-1.53bn	48.7m	15.4m
Transfer to tax-exempt reserves`689`	-	-	-	-	-	294	-	-	-
Profit (loss) for the period to be appropriated`9905`	-	-	-	-8.6m	-4.0m	4,659	-1.53bn	48.7m	15.4m
Appropriation of the result
Profit (loss) to be appropriated`9906`	-1.65bn	-1.65bn	-1.65bn	-1.65bn	-1.64bn	-1.50bn	-1.50bn	56.3m	23.0m
Profit (loss) brought forward from the previous period`14P`	-1.65bn	-1.65bn	-1.65bn	-1.64bn	-1.64bn	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	-	-	-	-	36.0m
From reserves`792`	-	-	-	-	-	-	-	-	36.0m
Transfer to equity`691/2`	-	-	-	-	-	-	-	2.4m	770,000
To the legal reserve`6920`	-	-	-	-	-	-	-	2.4m	770,000
Profit to be distributed`694/7`	-	-	-	-	-	-	-	41.3m	50.6m
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	41.3m	50.6m
Social balance sheet
Average staff (FTE)`9087`	3	3	3.5	3.5	3.6	16	14.6	13.9	14.6
Agency workers`1501`	-	-	-	-	-	-	0.6	0.3	0.7
Hours worked`1013`	-	-	-	-	-	7,739	17,258	22,332	24,168
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Financial year	Type	Filed	Reference	Document
31-03-2026	abbreviated format	29-06-2026	2026-00243771	PDF
31-03-2025	abbreviated format	01-07-2025	2025-00244513	PDF
31-03-2024	abbreviated format	28-06-2024	2024-00214736	PDF
31-03-2023	abbreviated format	03-07-2023	2023-00214464	PDF
31-03-2022	abbreviated format	01-07-2022	2022-20163976	PDF
31-03-2021	abbreviated format	08-07-2021	2021-33700327	PDF
31-03-2020	abbreviated format	08-12-2020	2020-75300386	PDF
31-03-2019	full format	04-07-2019	2019-29600124	PDF
31-03-2018	full format	02-07-2018	2018-30400586	PDF
31-03-2017	full format	06-07-2017	2017-29500286	PDF
31-03-2016	full format	12-07-2016	2016-31600080	PDF
31-03-2015	full format	13-07-2015	2015-30400392	PDF
31-03-2014	full format	03-07-2014	2014-28500302	PDF
31-03-2013	full format	09-07-2013	2013-29000056	PDF
31-03-2012	full format	10-07-2012	2012-29300590	PDF
08-12-2011	full format	10-07-2012	2012-29300587	PDF
31-03-2011	full format	06-07-2011	2011-28400318	PDF
31-12-2010	consolidated	08-07-2011	2011-28000442	PDF
31-03-2010	full format	24-06-2010	2010-22000064	PDF
31-12-2009	consolidated	24-06-2010	2010-22100012	PDF
31-03-2009	full format	09-07-2009	2009-40500131	PDF
31-12-2008	consolidated	09-07-2009	2009-39900138	PDF
31-03-2008	full format	01-07-2008	2008-31700125	PDF
31-12-2007	consolidated	01-07-2008	2008-31700126	PDF
31-03-2007	full format	03-07-2007	2007-32800049	PDF
31-12-2006	consolidated	03-07-2007	2007-32900111	PDF
31-03-2006	unclassified schema	07-07-2006	2006-40700187	PDF
31-12-2005	consolidated	07-07-2006	2006-40700188	PDF
31-03-2005	unclassified schema	04-07-2005	2005-39300058	PDF
31-12-2004	consolidated	04-07-2005	2005-39300057	PDF
31-03-2004	unclassified schema	01-07-2004	2004-35600095	PDF
31-12-2003	consolidated	01-07-2004	2004-36900024	PDF
31-03-2003	unclassified schema	02-07-2003	2003-32900276	PDF
31-12-2002	consolidated	02-07-2003	2003-32900275	PDF
31-03-2002	unclassified schema	04-07-2002	2002-31800186	PDF
31-12-2001	consolidated	04-07-2002	2002-31800168	PDF
31-03-2001	unclassified schema	06-07-2001	2001-33200182	PDF
30-06-2000	consolidated	06-10-2000	2000-62300063	PDF
30-06-1999	unclassified schema	08-10-1999	1999-52301431	PDF
30-06-1998	unclassified schema	03-11-1998	1998-55801456	PDF
30-06-1997	unclassified schema	27-10-1997	1997-50602497	PDF
30-06-1996	full format	30-10-1996	1996-49404557	PDF
30-06-1995	unclassified schema	18-10-1995	1995-54202927	PDF
30-06-1994	unclassified schema	26-10-1994	1994-44903293	PDF
30-06-1993	unclassified schema	05-10-1993	1993-38901820	PDF
30-06-1992	unclassified schema	27-10-1992	1992-36502822	PDF
30-06-1991	unclassified schema	28-10-1991	1991-29203785	PDF

Line	2026	2025	2024	2023	2022	2012	2011	2010	2009
EBITDA	-	-	-	-	-	-	-3.6m	-5.1m	-5.7m
Cash flow	-	-	-	-	-	-	-1.53bn	48.8m	15.5m
Investment in fixed assets	-	-	-	-	-	8.8m	17.1m	12.5m	15.2m
Change in cash	-9.9m	-5.0m	-74.0m	3.1m	-	17.4m	-6.7m	13.1m	-
Working capital	-94.4m	-94.9m	-96.1m	-97.1m	-90.0m	-25.3m	-51.8m	109.3m	123.3m
Solvency	-86.0%	-88.4%	-91.5%	-94.7%	-87.3%	-	-	81.8%	82.8%
Current ratio	0.66	0.66	0.65	0.64	0.66	0.80	0.82	1.39	1.52
Debt to equity	-	-	-	-	-	-	-	0.22	0.20
ROE	-	-	-	-	-	-	-	3.2%	1.0%
ROA	-	-	-	-5.0%	-2.3%	0.0%	-325.6%	2.6%	0.9%
Interest coverage	-	-	-	-	-	-	-0.33	-0.71	-0.52
Supplier credit	-	-	-	-	-	1049 days	168 days	107 days	87 days

ARCOPAR

Annual accounts 2026

Balance sheet

Change in equity

Change in cashin €m

Position in the sector

Solvency-86.0%

Current ratio0.66

Return on assets-

Staff

Staff cost per FTE€136,156

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Insights on ARCOPAR