ASCONET
Absorbed by ISOR GROUPFinancials · financial year 2024, full format
Annual accounts 2024 filed on 14-07-2025 PDF all 33 filings
Turnover
≈ €640,000
Estimated: probably between €390,000 and €1.1m
EBIT margin
Not included in this filing
Net result
€161,007▲ 9.4%
2023 · €147,167
Working capital
€277,999▲ 5.3%
2023 · €264,037
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€208,683
▲ 9.4%
2024
20182024
Net result
€161,007
▲ 9.4%
2024
20182024
Equity
€356,246
▲ 2.3%
2024
20182024
Total assets
€617,619
▲ 3.7%
2024
20182024
Debt
€261,372
▲ 5.8%
2024
20182024
Working capital
€277,999
▲ 5.3%
2024
20182024
Staff (FTE)
1
=
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€70,625-€82,615▲ 17.0%€77,632▼ 6.0%€96,641▲ 24.5%€134,660▲ 39.3%€190,834▲ 41.7%€208,683▲ 9.4%
Net result€47,988-€55,235▲ 15.1%€55,416▲ 0.3%€69,258▲ 25.0%€97,243▲ 40.4%€147,167▲ 51.3%€161,007▲ 9.4%
Equity€315,727-€330,962▲ 4.8%€336,379▲ 1.6%€345,637▲ 2.8%€347,880▲ 0.6%€348,302▲ 0.1%€356,246▲ 2.3%
Total assets€486,788-€446,679▼ 8.2%€493,376▲ 10.5%€545,615▲ 10.6%€515,610▼ 5.5%€595,396▲ 15.5%€617,619▲ 3.7%
Debt€171,062-€115,717▼ 32.4%€156,998▲ 35.7%€199,979▲ 27.4%€167,730▼ 16.1%€247,094▲ 47.3%€261,372▲ 5.8%
Working capital€198,272-€216,053▲ 9.0%€239,081▲ 10.7%€256,774▲ 7.4%€263,732▲ 2.7%€264,037▲ 0.1%€277,999▲ 5.3%
Staff (FTE)2-3▲ 50.0%1.1▼ 63.3%1▼ 9.1%1=1=1=
The operating result for 2024 is 9% higher than in 2023 and the highest since 2018. It is the fourth rise in a row, after the fall in 2020.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €617,619
Fixed assets
€79,886 ▼ 5.7%
Current assets
€537,732 ▲ 5.3%
Equity and liabilities €617,619
Equity
€356,246 ▲ 2.3%
Debt
€261,372 ▲ 5.8%
Debt's share of the balance-sheet total rises from 41.5% to 42.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€219,461▲
2023 · €201,598
Cash flow
€171,786▲
2023 · €157,931
Current ratio
2.07=
2023 · 2.07
Debt to equity
0.73▲
2023 · 0.71
ROE
45.2%▲
2023 · 42.3%
ROA
26.1%▲
2023 · 24.7%
Interest coverage
73.72▲
2023 · 58.92
Debt ≤ 1 year
€259,733▲
2023 · €246,679
Income taxes
€44,748▲
2023 · €40,431
Staff costs
€48,494▲
2023 · €47,389
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 | 1 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €806 | €4,882 | €10,615 | €5,648 |
| Financial fixed assets | €1,650 | - | - | €336 |
| Depreciation and write-downs of the year | €13,325 | €10,956 | €10,763 | €10,779 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3,300 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €43,054 | €44,087 | €47,389 | €48,494 | ▲ 2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,969 | €25,691 | €21,880 | €13,325 | €10,956 | €10,763 | €10,779 | ▲ 0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€10,356 | -€12,012 | €5,766 | €848 | ▼ 85.3% |
| Other operating charges640/8 | - | - | - | €18,128 | €13,611 | €2,526 | €3,359 | ▲ 33.0% |
| Non-recurring operating charges66A | - | - | - | - | €267 | - | - | - |
| Gross operating margin9900 | €180,111 | €168,750 | €147,191 | €160,793 | €191,568 | €257,278 | €272,162 | ▲ 5.8% |
| Operating profit (loss)9901 | €70,625 | €82,615 | €77,632 | €96,641 | €134,660 | €190,834 | €208,683 | ▲ 9.4% |
| Financial income75/76B | - | - | - | €926 | €486 | €186 | €49 | ▼ 73.4% |
| Recurring financial income75 | €1,229 | €459 | €436 | €926 | €486 | €186 | €49 | ▼ 73.4% |
| Financial charges65/66B | - | - | - | €4,743 | €5,338 | €3,421 | €2,977 | ▼ 13.0% |
| Recurring financial charges65 | €3,095 | €3,561 | €3,538 | €4,743 | €5,338 | €3,421 | €2,977 | ▼ 13.0% |
| Profit (loss) for the period before taxes9903 | €68,760 | €79,605 | €74,530 | €92,824 | €129,808 | €187,599 | €205,755 | ▲ 9.7% |
| Income taxes67/77 | €20,772 | €24,370 | €19,114 | €23,566 | €32,564 | €40,431 | €44,748 | ▲ 10.7% |
| Profit (loss) for the period9904 | €47,988 | €55,235 | €55,416 | €69,258 | €97,243 | €147,167 | €161,007 | ▲ 9.4% |
| Profit (loss) for the period to be appropriated9905 | €47,988 | €55,235 | €55,416 | €69,258 | €97,243 | €147,167 | €161,007 | ▲ 9.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €486,788 | €446,679 | €493,376 | €545,615 | €515,610 | €595,396 | €617,619 | ▲ 3.7% |
| Fixed assets21/28 | €132,262 | €123,920 | €102,040 | €91,170 | €84,829 | €84,681 | €79,886 | ▼ 5.7% |
| Intangible fixed assets21 | €312 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €127,739 | €119,708 | €97,828 | €85,308 | €78,967 | €78,819 | €73,689 | ▼ 6.5% |
| Land and buildings22 | - | - | - | €73,488 | €67,960 | €62,432 | €56,904 | ▼ 8.9% |
| Plant, machinery and equipment23 | - | - | - | €7,928 | €9,207 | €12,508 | €8,408 | ▼ 32.8% |
| Furniture and vehicles24 | - | - | - | €3,892 | €1,800 | €1,410 | €3,752 | ▲ 166% |
| Other tangible fixed assets26 | - | - | - | - | - | €2,469 | €4,625 | ▲ 87.3% |
| Financial fixed assets28 | €4,212 | €4,212 | €4,212 | €5,862 | €5,862 | €5,862 | €6,198 | ▲ 5.7% |
| Current assets29/58 | €354,526 | €322,758 | €391,337 | €454,445 | €430,780 | €510,716 | €537,732 | ▲ 5.3% |
| Amounts receivable within one year40/41 | €302,835 | €258,193 | €193,667 | €200,491 | €246,291 | €311,900 | €404,610 | ▲ 29.7% |
| Trade receivables40 | - | - | - | €190,871 | €226,095 | €271,015 | €265,127 | ▼ 2.2% |
| Other amounts receivable41 | - | - | - | €9,620 | €20,196 | €40,884 | €139,483 | ▲ 241% |
| Cash at bank and in hand54/58 | €51,691 | €62,438 | €192,418 | €250,068 | €179,304 | €194,559 | €129,748 | ▼ 33.3% |
| Deferred charges and accrued income490/1 | - | - | - | €3,886 | €5,185 | €4,258 | €3,374 | ▼ 20.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €486,788 | €446,679 | €493,376 | €545,615 | €515,610 | €595,396 | €617,619 | ▲ 3.7% |
| Equity10/15 | €315,727 | €330,962 | €336,379 | €345,637 | €347,880 | €348,302 | €356,246 | ▲ 2.3% |
| Contributions10/11 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Capital10 | - | - | - | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Issued capital100 | - | - | - | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Reserves13 | €241,359 | €256,594 | €262,010 | €271,269 | €273,512 | €273,934 | €281,878 | ▲ 2.9% |
| Non-distributable reserves130/1 | - | - | - | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Legal reserve130 | - | - | - | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Distributable reserves133 | - | - | - | €263,832 | €266,075 | €266,497 | €274,441 | ▲ 3.0% |
| Amounts payable17/49 | €171,062 | €115,717 | €156,998 | €199,979 | €167,730 | €247,094 | €261,372 | ▲ 5.8% |
| Amounts payable after more than one year17 | €14,008 | €9,011 | €4,742 | €2,307 | - | - | - | - |
| Financial debts170/4 | - | - | - | €2,307 | - | - | - | - |
| Amounts payable within one year42/48 | €156,254 | €106,706 | €152,256 | €197,672 | €167,049 | €246,679 | €259,733 | ▲ 5.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,435 | €2,309 | - | - | - |
| Trade debts44 | €66,329 | €50,649 | €94,135 | €81,832 | €64,424 | €92,536 | €100,749 | ▲ 8.9% |
| Suppliers440/4 | - | - | - | €81,832 | €64,424 | €92,536 | €100,749 | ▲ 8.9% |
| Taxes, remuneration and social security45 | - | - | - | €3,410 | €5,316 | €7,391 | €5,905 | ▼ 20.1% |
| Taxes450/3 | - | - | - | €763 | €2,564 | €2,564 | €4,671 | ▲ 82.1% |
| Remuneration and social security454/9 | - | - | - | €2,647 | €2,752 | €4,827 | €1,234 | ▼ 74.4% |
| Other amounts payable47/48 | - | - | - | €109,994 | €95,000 | €146,752 | €153,080 | ▲ 4.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €681 | €415 | €1,640 | ▲ 295% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,988 | €55,235 | €55,416 | €69,258 | €97,243 | €147,167 | €161,007 | ▲ 9.4% |
| + Depreciation and write-downs630 | €31,969 | €25,691 | €21,880 | €13,325 | €10,956 | €10,763 | €10,779 | ▲ 0.1% |
| Operating cash flow (approximation) | €79,956 | €80,926 | €77,297 | €82,583 | €108,199 | €157,931 | €171,786 | ▲ 8.8% |
| Investment in fixed assets (approximation) | - | -€17,349 | €0 | -€2,456 | -€4,615 | -€10,615 | -€5,984 | ▲ 43.6% |
| Change in cash | - | €10,747 | €129,980 | €57,650 | -€70,765 | €15,255 | -€64,810 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 14-07-2025 | 2025-00267941 | |
| 31-12-2023 | full format | 21-06-2024 | 2024-00156555 | |
| 31-12-2022 | full format | 03-07-2023 | 2023-00190028 | |
| 31-12-2021 | full format | 08-06-2022 | 2022-20050301 | |
| 31-12-2020 | full format | 17-06-2021 | 2021-21100553 | |
| 31-12-2019 | full format | 27-08-2020 | 2020-46000339 | |
| 31-12-2018 | full format | 14-08-2019 | 2019-47100018 | |
| 31-12-2017 | abbreviated format | 20-08-2018 | 2018-47800230 | |
| 31-12-2016 | abbreviated format | 04-07-2017 | 2017-27000005 | |
| 31-12-2015 | full format | 29-06-2016 | 2016-24600170 |