ARSIMA PROJECTS (0899.522.768): financials and annual accounts

ARSIMA PROJECTS

Uccle ·KBO/BCE: BE 0899.522.768

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Balance sheet: assets
Total assets`20/58`	71,995	72,663	29,657	32,624	107,292	113,421	109,680	86,458	109,995	120,435	78,808	74,494	41,454	47,223	44,022	54,062	31,052
Fixed assets`21/28`	12,746	14,878	3,350	4,099	30,081	9,947	6,981	32,707	33,493	40,880	33,237	35,925	24,982	21,931	8,862	8,731	12,591
Intangible fixed assets`21`	-	-	-	-	-	-	0	22,600	25,640	26,935	15,275	14,330	22,232	17,828	1,293	603	900
Tangible fixed assets`22/27`	12,036	14,418	3,100	3,784	29,766	9,882	6,916	9,542	6,288	12,380	16,057	20,190	1,345	3,698	7,504	8,063	11,476
Plant, machinery and equipment`23`	-	-	-	684	1,589	2,493	-	-	-	-	-	-	-	-	-	127	365
Furniture and vehicles`24`	12,036	14,418	3,100	3,100	28,177	7,389	6,916	9,542	6,288	12,285	15,869	19,907	968	2,717	6,196	7,936	11,110
Other tangible fixed assets`26`	-	-	-	-	-	-	-	-	-	94	189	283	377	981	1,308	-	-
Financial fixed assets`28`	710	460	250	315	315	65	65	565	1,565	1,565	1,905	1,405	1,405	405	65	65	215
Current assets`29/58`	59,249	57,784	26,307	28,525	77,212	103,474	102,699	53,751	76,501	79,555	45,571	38,569	16,471	25,292	35,160	45,331	18,461
Amounts receivable after more than one year`29`	-	-	-	-	12,185	19,612	51,476	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	-	-	-	-	12,185	19,612	51,476	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	48,607	16,231	8,292	10,950	26,084	39,443	33,112	28,749	56,504	38,769	34,275	13,392	10,829	7,080	4,744	25,190	8,139
Trade receivables`40`	26,016	15,597	7,674	7,295	844	26,241	6,546	28,355	24,335	12,166	29,771	1,068	3,932	2,696	540	23,952	3,857
Other amounts receivable`41`	22,591	634	617	3,656	25,240	13,202	26,566	394	32,170	26,602	4,504	12,324	6,897	4,384	4,204	1,238	4,282
Current investments`50/53`	-	-	-	-	-	-	-	-	57	62	63	63	249	217	2,157	8,961	-
Cash at bank and in hand`54/58`	10,641	40,641	17,793	17,120	33,373	43,056	15,004	22,347	19,348	27,514	10,063	23,344	3,390	7,110	15,872	10,345	6,464
Deferred charges and accrued income`490/1`	-	912	223	454	5,569	1,363	3,107	2,655	592	13,211	1,170	1,770	2,003	10,885	12,387	835	3,858
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	71,995	72,663	29,657	32,624	107,292	113,421	109,680	86,458	109,995	120,435	78,808	74,494	41,454	47,223	44,022	54,062	31,052
Equity`10/15`	35,019	28,015	25,447	12,344	67,910	67,445	62,148	52,748	34,516	44,578	45,757	45,412	35,681	37,469	37,413	35,336	13,901
Contributions`10/11`	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Capital`10`	-	12,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	-	12,400	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Reserves`13`	22,000	15,000	42,000	42,000	55,510	55,045	49,748	40,348	22,116	32,178	33,357	33,012	23,281	25,069	25,013	22,936	1,501
Non-distributable reserves`130/1`	-	-	-	-	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	1,860	1,501
Reserves not available under the articles`1311`	-	-	-	-	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	22,000	15,000	42,000	42,000	53,650	53,185	47,888	38,488	20,256	30,318	31,497	31,152	21,421	23,209	23,153	21,076	-
Profit (loss) carried forward`14`	619	615	-28,953	-42,056	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	36,975	44,648	4,210	20,280	39,383	45,975	47,532	33,711	75,479	75,857	33,051	29,083	5,773	9,754	6,608	18,725	17,151
Amounts payable after more than one year`17`	2,867	6,566	-	-	15,492	-	4,845	12,252	11,757	58,346	11,174	-	-	-	-	-	-
Financial debts`170/4`	2,867	6,566	-	-	15,492	-	4,845	12,252	11,757	58,346	11,174	-	-	-	-	-	-
Amounts payable within one year`42/48`	34,109	38,082	3,540	20,280	23,890	45,975	42,687	21,459	63,721	17,512	21,877	29,083	5,773	9,754	6,044	7,874	16,582
Current portion of amounts payable after more than one year`42`	3,699	3,564	-	-	5,341	6,000	7,407	9,301	46,588	11,352	6,115	-	-	-	850	848	6,310
Financial debts`43`	-	-	-	-	-	-	12,000	-	-	-	-	3,750	833	429	-	-	-
Credit institutions`430/8`	-	-	-	-	-	-	12,000	-	-	-	-	3,750	833	429	-	-	-
Trade debts`44`	3,861	1,311	360	-	15,553	9,593	12,885	1,180	12,380	1,542	4,390	25,165	3,112	1,619	191	1,184	19
Suppliers`440/4`	3,861	1,311	360	-	15,553	9,593	12,885	1,180	12,380	1,542	4,390	25,165	3,112	1,619	191	1,184	19
Taxes, remuneration and social security`45`	11,548	6,207	3,179	2,257	2,996	16,561	10,395	9,033	4,753	4,618	5,089	167	1,827	7,705	5,003	2,737	3,530
Taxes`450/3`	11,548	6,207	3,179	2,257	1,196	11,766	10,395	6,333	2,253	2,218	2,288	167	284	2,373	2,363	679	1,440
Remuneration and social security`454/9`	-	-	-	-	1,800	4,795	-	2,700	2,500	2,400	2,801	-	1,543	5,332	2,640	2,058	2,091
Other amounts payable`47/48`	15,000	27,000	-	18,023	-	13,822	-	1,945	-	-	6,284	-	-	-	-	3,105	6,722
Accrued charges and deferred income`492/3`	-	-	671	-	-	-	-	-	-	-	-	-	-	-	564	10,852	569
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	736	-	1,033	-	-	2,000	-	-	-	-	-	-
Gross operating margin`9900`	34,958	31,864	15,701	-47,217	6,953	25,191	37,298	43,086	13,388	23,944	49,876	30,649	27,787	12,168	9,062	36,189	10,644
Remuneration, social security and pensions`62`	1,550	-	-	-	-	-	-	-	6,127	-392	30,615	121	19,263	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	2,382	594	684	3,049	4,114	2,847	11,667	16,507	17,986	23,031	17,187	13,258	7,352	9,308	4,777	3,710	5,120
Other operating charges`640/8`	984	671	500	535	653	1,430	989	1,734	1,099	1,229	1,691	1,290	1,530	1,301	701	1,727	1,883
Non-recurring operating charges`66A`	-	-	-	-	-	-	13,560	999	-	-	-	-	364	-	-	-	-
Operating profit (loss)`9901`	30,042	30,599	14,516	-50,801	2,186	20,914	11,082	23,846	-11,824	76	382	15,980	-357	1,560	3,585	30,753	3,641
Financial income`75/76B`	656	49	-	952	690	986	3,862	3,060	3,912	1,297	21	296	280	12	272	233	292
Recurring financial income`75`	656	49	-	952	690	986	3,862	3,060	3,912	1,297	21	296	280	12	272	233	292
Financial charges`65/66B`	1,183	1,080	1,414	5,693	1,343	1,586	1,019	1,736	1,998	898	850	482	451	1,017	540	458	802
Recurring financial charges`65`	1,183	1,080	1,414	1,448	1,343	1,586	1,019	1,736	1,998	898	850	482	451	1,017	540	458	802
Non-recurring financial charges`66B`	-	-	-	4,245	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	29,514	29,568	13,103	-55,542	1,533	20,314	13,925	25,170	-9,910	475	1,553	15,793	-893	556	3,317	30,527	3,132
Income taxes`67/77`	7,510	-	-	24	1,069	5,286	4,525	6,938	151	1,655	1,208	6,063	895	500	1,239	9,092	1,631
Profit (loss) for the period`9904`	22,005	29,568	13,103	-55,566	465	15,028	9,400	18,232	-10,062	-1,179	345	9,731	-1,788	56	2,077	21,435	1,501
Profit (loss) for the period to be appropriated`9905`	22,005	29,568	13,103	-55,566	465	15,028	9,400	18,232	-10,062	-1,179	345	9,731	-1,788	56	2,077	21,435	1,501
Appropriation of the result
Profit (loss) to be appropriated`9906`	22,619	615	-28,953	-55,566	465	15,028	9,400	18,232	-10,062	-1,179	345	9,731	-1,788	56	2,077	21,435	1,501
Profit (loss) brought forward from the previous period`14P`	615	-28,953	-42,056	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	15,000	27,000	-	13,510	-	9,731	-	-	10,062	1,179	-	-	1,788	-	-	-	-
Transfer to equity`691/2`	22,000	-	-	-	465	15,028	9,400	18,232	-	-	345	9,731	-	56	2,077	21,435	1,501
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	359	1,501
To other reserves`6921`	22,000	-	-	-	465	15,028	9,400	18,232	-	-	345	9,731	-	56	2,077	21,076	-
Profit to be distributed`694/7`	15,000	27,000	-	-	-	9,731	-	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	15,000	27,000	-	-	-	9,731	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	0.2	-	0.8	-	0.2	-	-	-	-
Hours worked`1013`	-	-	-	-	-	-	-	-	456	-	1,440	-	392	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	03-06-2026	2026-00134086	PDF
31-12-2024	micro format	04-06-2025	2025-00117556	PDF
31-12-2023	micro format	05-06-2024	2024-00116890	PDF
31-12-2022	micro format	13-06-2023	2023-00126598	PDF
31-12-2021	micro format	11-08-2022	2022-20287932	PDF
31-12-2020	micro format	09-08-2021	2021-47300081	PDF
31-12-2019	micro format	27-08-2020	2020-46100092	PDF
31-12-2018	micro format	29-08-2019	2019-58700504	PDF
31-12-2017	micro format	27-08-2018	2018-51000124	PDF
31-12-2016	micro format	28-08-2017	2017-49800471	PDF
31-12-2015	abbreviated format	11-08-2016	2016-42400277	PDF
31-12-2014	abbreviated format	19-08-2015	2015-44900575	PDF
31-12-2013	abbreviated format	27-08-2014	2014-50600585	PDF
31-12-2012	abbreviated format	21-08-2013	2013-44500042	PDF
31-12-2011	abbreviated format	26-06-2012	2012-22100186	PDF
31-12-2010	abbreviated format	29-06-2011	2011-23600441	PDF
31-12-2009	abbreviated format	21-06-2010	2010-20200420	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
EBITDA	32,424	31,193	15,201	-47,752	6,300	23,761	22,749	40,353	6,162	23,108	17,569	29,238	6,995	10,868	8,362	34,463	8,761
Cash flow	24,387	30,162	13,787	-52,517	4,578	17,875	21,067	34,739	7,925	21,852	17,532	22,989	5,564	9,363	6,854	25,145	6,621
Investment in fixed assets (approximation)	250	12,122	-65	-22,933	24,248	5,813	-14,060	16,721	10,600	31,014	14,499	24,200	11,385	22,377	4,908	-150	17,710
Change in cash	-30,000	22,848	672	-16,253	-9,683	28,052	-7,343	2,999	-8,166	17,451	-13,282	19,955	-3,720	-8,762	5,527	3,881	-
Working capital	25,140	19,703	22,768	8,245	53,322	57,499	60,013	32,292	12,780	62,043	23,694	9,487	10,699	15,538	29,116	37,457	1,879
Solvency	48.6%	38.6%	85.8%	37.8%	63.3%	59.5%	56.7%	61.0%	31.4%	37.0%	58.1%	61.0%	86.1%	79.3%	85.0%	65.4%	44.8%
Current ratio	1.74	1.52	7.43	1.41	3.23	2.25	2.41	2.50	1.20	4.54	2.08	1.33	2.85	2.59	5.82	5.76	1.11
Debt to equity	1.06	1.59	0.17	1.64	0.58	0.68	0.76	0.64	2.19	1.70	0.72	0.64	0.16	0.26	0.18	0.53	1.23
ROE	62.8%	105.5%	51.5%	-450.1%	0.7%	22.3%	15.1%	34.6%	-29.2%	-2.6%	0.8%	21.4%	-5.0%	0.1%	5.6%	60.7%	10.8%
ROA	30.6%	40.7%	44.2%	-170.3%	0.4%	13.2%	8.6%	21.1%	-9.1%	-1.0%	0.4%	13.1%	-4.3%	0.1%	4.7%	39.6%	4.8%
Interest coverage	27.40	28.88	10.75	-32.98	4.69	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€11,912	-	-	€23,998
Financial fixed assets	€250	€210	-	-	€250
Depreciation and write-downs of the year	€2,382	€594	€684	€3,049	€4,114

ARSIMA PROJECTS

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency48.6%

Current ratio1.74

Return on assets30.6%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on ARSIMA PROJECTS

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