Avenir Reply (0722.844.988): financials and annual accounts

Avenir Reply

Brussels ·KBO/BCE: BE 0722.844.988

Line	2025	2024	2023	2022	2021	2020
Balance sheet: assets
Total assets`20/58`	1.8m	5.7m	3.4m	2.1m	719,612	308,656
Fixed assets`21/28`	5,726	11,646	21,804	30,841	46,520	73,247
Intangible fixed assets`21`	-	3,236	13,190	23,562	33,933	44,305
Tangible fixed assets`22/27`	1,086	3,769	3,974	2,640	7,947	13,942
Plant, machinery and equipment`23`	1,086	1,752	78	2,640	7,947	13,942
Furniture and vehicles`24`	-	2,017	3,896	-	-	-
Financial fixed assets`28`	4,640	4,640	4,640	4,640	4,640	15,000
Current assets`29/58`	1.8m	5.7m	3.4m	2.1m	673,092	235,409
Amounts receivable within one year`40/41`	1.7m	5.6m	3.2m	2.0m	625,582	162,168
Trade receivables`40`	1.5m	5.3m	3.2m	2.0m	616,475	108,714
Other amounts receivable`41`	196,553	282,413	50	17,000	9,107	53,454
Cash at bank and in hand`54/58`	86,671	83,092	174,695	81,447	47,092	56,183
Deferred charges and accrued income`490/1`	7,069	8,717	33,830	1,226	417	17,058
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.8m	5.7m	3.4m	2.1m	719,612	308,656
Equity`10/15`	-1.8m	-1.7m	-1.9m	-842,409	-808,269	-652,790
Contributions`10/11`	323,333	323,333	323,333	323,333	323,333	323,333
Profit (loss) carried forward`14`	-2.1m	-2.0m	-2.2m	-1.2m	-1.1m	-976,123
Amounts payable`17/49`	3.6m	7.4m	5.3m	3.0m	1.5m	961,445
Amounts payable after more than one year`17`	-	-	-	-	0	50,000
Financial debts`170/4`	-	-	-	-	0	50,000
Amounts payable within one year`42/48`	3.6m	7.4m	5.3m	3.0m	1.5m	911,445
Financial debts`43`	12,451	12,451	208,315	382,516	437,500	497,500
Credit institutions`430/8`	12,451	12,451	208,315	382,516	437,500	497,500
Trade debts`44`	120,874	506,356	598,131	391,307	430,532	344,670
Suppliers`440/4`	120,874	506,356	598,131	391,307	430,532	344,670
Taxes, remuneration and social security`45`	133,825	142,064	189,907	134,752	68,784	68,744
Taxes`450/3`	16,937	31,427	94,049	36,157	2,413	1,784
Remuneration and social security`454/9`	116,888	110,636	95,858	98,594	66,370	66,960
Other amounts payable`47/48`	3.3m	6.7m	4.3m	2.0m	589,565	531
Accrued charges and deferred income`492/3`	-	1,500	1,500	1,500	1,500	-
Income statement
Gross operating margin`9900`	617,294	874,068	-220,418	1.0m	885,131	-238,364
Remuneration, social security and pensions`62`	670,331	702,187	693,977	962,975	953,589	673,174
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	588	12,509	14,675	15,679	16,367	11,676
Other operating charges`640/8`	2,901	2,433	23,789	39,295	39,646	38,692
Non-recurring operating charges`66A`	5,253	-	-	-	-	-
Operating profit (loss)`9901`	-61,779	156,939	-952,860	4,010	-124,470	-961,906
Financial income`75/76B`	36,349	121	60	-	0	71
Recurring financial income`75`	1,423	121	60	-	0	71
Non-recurring financial income`76B`	34,926	-	-	-	-	-
Financial charges`65/66B`	28,292	23,963	55,162	32,971	29,334	13,640
Recurring financial charges`65`	16,495	23,963	55,162	32,971	29,334	13,640
Non-recurring financial charges`66B`	11,797	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	-53,722	133,096	-1.0m	-28,961	-153,804	-975,475
Income taxes`67/77`	932	766	885	5,179	1,675	648
Profit (loss) for the period`9904`	-54,654	132,331	-1.0m	-34,140	-155,479	-976,123
Profit (loss) for the period to be appropriated`9905`	-54,654	132,331	-1.0m	-34,140	-155,479	-976,123
Appropriation of the result
Profit (loss) to be appropriated`9906`	-2.1m	-2.0m	-2.2m	-1.2m	-1.1m	-976,123
Profit (loss) brought forward from the previous period`14P`	-2.0m	-2.2m	-1.2m	-1.1m	-976,123	-
Social balance sheet
Average staff (FTE)`9087`	4.4	5	5.1	7.9	9.1	3.3
Hours worked`1013`	7,556	7,890	8,304	13,142	16,056	9,872
Document	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	01-07-2026	2026-00251417	PDF
31-12-2024	full format	24-04-2026	2026-00091707	PDF
31-12-2023	full format	30-09-2024	2024-00486282	PDF
31-12-2022	abbreviated format	31-08-2023	2023-00441254	PDF
31-12-2021	abbreviated format	08-06-2022	2022-20056317	PDF
31-12-2020	abbreviated format	16-09-2021	2021-67400071	PDF

Line	2025	2024	2023	2022	2021	2020
EBITDA	-61,192	169,448	-938,185	19,689	-108,104	-950,231
Cash flow	-54,067	144,840	-994,172	-18,461	-139,113	-964,448
Investment in fixed assets (approximation)	-5,331	2,350	5,638	0	140	84,923
Change in cash	3,579	-91,603	93,248	34,354	-9,091	-
Working capital	-1.8m	-1.7m	-1.9m	-871,751	-853,290	-676,037
Solvency	-98.6%	-30.3%	-53.7%	-39.8%	-112.3%	-211.5%
Current ratio	0.50	0.77	0.65	0.71	0.44	0.26
ROA	-3.0%	2.3%	-29.3%	-1.6%	-21.6%	-316.3%
Interest coverage	-3.71	7.07	-17.01	0.60	-3.69	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	4	5	5	6	10
full-time	4	5	5	6	10
part-time	-	-	-	-	0
in full-time equivalents	4	5	5	6	10
Average over the year, in full-time equivalents	4.4	5	5.1	7.9	9.1
On a permanent contract	4	5	5	6	10
Joined	0	-	0	2	6
Left	1	-	1	5	4

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	€12,451	€12,451	-	-	-
Carrying value of the other pledged assets	€300,000	€300,000	-	-	-

Avenir Reply

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency-98.6%

Current ratio0.50

Return on assets-3.0%

Staff

Staff cost per FTE€152,348

Joined and left-1

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on Avenir Reply

Next steps

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€2,350	€5,638	-	-
Financial fixed assets	-	-	-	-	€140
Depreciation and write-downs of the year	€588	€12,509	€14,675	€15,679	€16,367