BALMO (0676.628.151): financials and annual accounts

BALMO

Brussels ·KBO/BCE: BE 0676.628.151

Line	2025	2024	2023	2022	2021	2020	2019	2018
Balance sheet: assets
Total assets`20/58`	1.3m	1.4m	1.5m	1.5m	1.6m	2.9m	1.0m	875,373
Fixed assets`21/28`	1.1m	1.2m	1.3m	1.4m	1.4m	1.4m	1.0m	869,997
Intangible fixed assets`21`	400	600	800	-	-	-	-	-
Tangible fixed assets`22/27`	1.1m	1.2m	1.3m	1.4m	1.4m	1.4m	1.0m	869,997
Land and buildings`22`	1.1m	1.2m	1.3m	1.4m	1.4m	220,817	220,817	220,817
Furniture and vehicles`24`	0	6,115	11,054	16,209	21,381	1,397	-	-
Assets under construction and advance payments`27`	-	-	-	-	-	1.1m	796,709	649,181
Current assets`29/58`	161,155	197,562	154,828	70,027	134,225	1.5m	10,169	5,375
Amounts receivable within one year`40/41`	197	30,040	67,500	43,657	70,410	80,095	150	2,390
Trade receivables`40`	-	17,328	43,166	41,308	70,410	79,399	150	2,370
Other amounts receivable`41`	197	12,713	24,334	2,349	-	696	-	20
Current investments`50/53`	50,000	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	110,464	167,029	86,836	25,382	61,095	1.4m	9,477	1,535
Deferred charges and accrued income`490/1`	493	492	492	988	2,720	552	542	1,450
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.3m	1.4m	1.5m	1.5m	1.6m	2.9m	1.0m	875,373
Equity`10/15`	1.2m	1.3m	1.3m	1.3m	1.4m	1.4m	-51,779	-27,001
Contributions`10/11`	1.4m	1.4m	1.4m	1.4m	1.4m	1.4m	12,367	12,367
Issued capital`100`	-	-	-	-	-	1.4m	18,550	18,550
Uncalled capital`101`	-	-	-	-	-	-	6,183	6,183
Profit (loss) carried forward`14`	-174,644	-151,926	-114,471	-87,970	-20,759	-62,794	-64,146	-39,368
Amounts payable`17/49`	24,211	138,315	157,365	144,519	157,317	1.5m	1.1m	902,374
Amounts payable within one year`42/48`	24,211	138,315	157,365	144,519	157,317	1.5m	1.1m	902,374
Trade debts`44`	3,298	2,184	24,059	3,206	11,693	23,113	545	23,874
Suppliers`440/4`	3,298	2,184	24,059	3,206	11,693	23,113	545	23,874
Taxes, remuneration and social security`45`	20,100	12,701	15,318	26,633	33,154	12,487	-	-
Taxes`450/3`	12,565	8,221	7,749	17,522	17,183	8,847	-	-
Remuneration and social security`454/9`	7,535	4,480	7,569	9,111	15,971	3,640	-	-
Other amounts payable`47/48`	813	123,429	117,989	114,680	112,470	1.5m	1.1m	878,500
Income statement
Gross operating margin`9900`	155,413	130,154	139,667	131,712	227,244	52,387	-3,763	-10,707
Remuneration, social security and pensions`62`	68,095	56,469	55,236	97,789	118,120	26,633	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	100,416	99,240	99,455	95,876	46,414	74	-	-
Other operating charges`640/8`	8,571	5,842	6,057	5,159	4,865	5,136	4,259	6,646
Operating profit (loss)`9901`	-21,668	-31,397	-21,081	-67,112	57,845	20,544	-8,022	-17,353
Financial income`75/76B`	0	-	-	2,402	-	2,436	28	30
Recurring financial income`75`	0	-	-	2,402	-	2,436	28	30
Financial charges`65/66B`	885	5,836	5,204	2,120	2,422	21,532	16,783	22,046
Recurring financial charges`65`	885	5,836	5,204	2,120	2,422	21,532	16,783	22,046
Profit (loss) for the period before taxes`9903`	-22,554	-37,233	-26,285	-66,830	55,423	1,448	-24,777	-39,368
Income taxes`67/77`	165	222	216	380	13,387	97	-	-
Profit (loss) for the period`9904`	-22,719	-37,455	-26,501	-67,211	42,035	1,351	-24,777	-39,368
Profit (loss) for the period to be appropriated`9905`	-22,719	-37,455	-26,501	-67,211	42,035	1,351	-24,777	-39,368
Appropriation of the result
Profit (loss) to be appropriated`9906`	-174,644	-151,926	-114,471	-87,970	-20,759	-62,794	-64,146	-39,368
Profit (loss) brought forward from the previous period`14P`	-151,926	-114,471	-87,970	-20,759	-62,794	-	-	-
Social balance sheet
Average staff (FTE)`9087`	0.8	1	1	1.5	1.6	1	-	-
Hours worked`1013`	1,330	1,763	1,710	2,568	2,759	555	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	29-09-2026	2026-00546703	PDF
31-12-2024	full format	03-11-2025	2025-00562975	PDF
31-12-2023	full format	27-09-2024	2024-00483033	PDF
31-12-2022	full format	17-10-2023	2023-00488098	PDF
31-12-2021	full format	12-09-2022	2022-20427417	PDF
31-12-2020	full format	30-07-2021	2021-44700544	PDF
31-12-2019	full format	12-11-2020	2020-70200130	PDF
31-12-2018	micro format	03-10-2019	2019-68800343	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018
EBITDA	78,747	67,842	78,374	28,764	104,259	20,618	-	-
Cash flow	77,697	61,785	72,955	28,665	88,449	1,425	-	-
Investment in fixed assets (approximation)	0	0	1,000	80,065	101,789	348,056	147,528	869,997
Change in cash	-56,565	80,194	61,453	-35,712	-1.3m	1.4m	7,942	-
Working capital	136,944	59,247	-2,537	-74,492	-23,092	-9,752	-1.1m	-896,999
Solvency	98.1%	90.2%	89.2%	90.2%	89.9%	47.5%	-5.0%	-3.1%
Current ratio	6.66	1.43	0.98	0.48	0.85	0.99	0.01	0.01
Debt to equity	0.02	0.11	0.12	0.11	0.11	1.10	-	-
ROE	-1.8%	-3.0%	-2.0%	-5.1%	3.0%	0.1%	-	-
ROA	-1.8%	-2.7%	-1.8%	-4.6%	2.7%	0.0%	-2.4%	-4.5%
Interest coverage	88.93	11.63	15.06	13.57	43.04	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	-	1	1	1	2
full-time	-	1	1	1	2
in full-time equivalents	-	1	1	1	2
Average over the year, in full-time equivalents	0.8	1	1	1.5	1.6
On a permanent contract	-	1	1	1	2
Joined	0	1	-	0	1
Left	1	1	-	1	0

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	-	€80,065	€101,789
Intangible fixed assets	-	-	€1,000	-	-
Depreciation and write-downs of the year	€100,416	€99,240	€99,455	€95,876	€46,414

BALMO

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency98.1%

Current ratio6.66

Return on assets-1.8%

Staff

Staff cost per FTE€85,118

Joined and left-1

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on BALMO

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