BB2 (0501.622.533): financials and annual accounts

BB2

Antwerp ·KBO/BCE: BE 0501.622.533

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Balance sheet: assets
Total assets`20/58`	199,604	213,154	303,526	151,742	163,281	61,867	74,614	77,552	72,328	91,123	75,283	67,724	70,961
Fixed assets`21/28`	32,428	42,276	44,394	37,188	22,389	13,221	15,909	26,415	32,813	47,367	47,434	57,258	59,326
Intangible fixed assets`21`	-	-	-	-	-	-	-	6,508	13,651	20,794	27,936	35,079	42,222
Tangible fixed assets`22/27`	27,328	37,176	39,294	32,088	17,289	8,121	10,809	14,807	14,063	21,474	14,397	17,079	12,004
Plant, machinery and equipment`23`	11,771	16,732	19,349	11,557	9,400	6,193	7,011	8,859	5,673	8,642	7,464	8,273	10,169
Furniture and vehicles`24`	15,557	20,444	19,945	20,530	7,890	1,928	3,799	5,948	8,390	12,831	6,933	8,806	1,835
Financial fixed assets`28`	5,100	5,100	5,100	5,100	5,100	5,100	5,100	5,100	5,100	5,100	5,100	5,100	5,100
Current assets`29/58`	167,176	170,878	259,132	114,555	140,892	48,646	58,704	51,137	39,515	43,756	27,849	10,466	11,635
Stocks and contracts in progress`3`	12,193	16,753	14,188	14,062	7,610	1,031	9,278	9,278	14,758	10,223	3,703	3,391	2,397
Stocks`30/36`	12,193	16,753	14,188	14,062	7,610	1,031	9,278	9,278	14,758	10,223	3,703	3,391	2,397
Amounts receivable within one year`40/41`	15,044	6,675	29,361	15,590	21,794	14,672	16,663	16,345	4,420	4,869	5,412	2,580	6,776
Trade receivables`40`	8,693	6,675	16,372	2,601	15,671	1,778	979	3,719	1,837	1,923	-	1,610	-
Other amounts receivable`41`	6,351	-	12,989	12,989	6,123	12,895	15,684	12,626	2,583	2,946	5,412	969	6,776
Cash at bank and in hand`54/58`	136,117	146,803	117,906	83,331	108,281	32,465	29,531	24,185	18,774	27,566	17,689	4,494	2,461
Deferred charges and accrued income`490/1`	3,822	647	97,677	1,572	3,207	478	3,233	1,329	1,563	1,098	1,046	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	199,604	213,154	303,526	151,742	163,281	61,867	74,614	77,552	72,328	91,123	75,283	67,724	70,961
Equity`10/15`	131,774	118,289	80,722	85,860	84,939	30,324	23,987	15,781	13,291	12,964	10,821	4,976	9,447
Contributions`10/11`	2,000	2,000	2,000	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Reserves`13`	129,774	116,289	78,722	79,660	78,739	24,124	17,787	9,581	7,091	6,764	4,621	3,247	3,247
Non-distributable reserves`130/1`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-
Distributable reserves`133`	129,774	116,289	78,722	77,800	76,879	22,264	15,927	7,721	5,231	4,904	2,761	1,387	1,387
Profit (loss) carried forward`14`	-	-	-	-	-	-	-	-	-	-	-	-4,471	-
Amounts payable`17/49`	67,830	94,865	222,804	65,883	78,342	31,544	50,627	61,770	59,037	78,160	64,463	62,748	61,514
Amounts payable after more than one year`17`	352	1,728	-	-	-	8,206	14,699	21,618	28,265	38,747	42,364	49,926	52,337
Financial debts`170/4`	352	1,728	-	-	-	8,206	14,699	21,618	28,265	38,747	42,364	49,926	52,337
Amounts payable within one year`42/48`	65,676	91,610	93,821	62,774	76,762	21,700	34,848	37,707	30,595	39,413	22,098	12,821	9,176
Current portion of amounts payable after more than one year`42`	1,375	1,321	973	12,787	8,206	7,883	6,919	6,647	6,385	11,131	7,562	7,274	5,438
Trade debts`44`	19,331	23,593	34,686	-	26,210	5,901	8,331	17,170	7,495	875	9,598	-	1,772
Suppliers`440/4`	19,331	23,593	34,686	-	26,210	5,901	8,331	17,170	7,495	875	9,598	-	1,772
Taxes, remuneration and social security`45`	35,604	42,844	27,434	24,149	30,744	7,916	19,598	13,344	12,436	13,036	4,938	5,124	1,965
Taxes`450/3`	14,583	30,951	14,535	24,149	20,705	3,882	13,107	5,679	9,022	5,475	3,646	2,079	1,877
Remuneration and social security`454/9`	21,022	11,893	12,899	-	10,039	4,033	6,491	7,665	3,414	7,561	1,292	3,046	89
Other amounts payable`47/48`	9,365	23,851	30,728	25,838	11,601	-	-	545	4,279	14,370	-	423	-
Accrued charges and deferred income`492/3`	1,802	1,527	128,982	3,108	1,580	1,637	1,080	2,446	177	-	-	-	-
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	-	1,893	604	-	-	-	-
Gross operating margin`9900`	316,346	337,017	286,984	227,336	193,237	81,598	109,063	98,113	96,390	93,809	77,051	75,432	84,066
Remuneration, social security and pensions`62`	275,306	265,518	262,391	212,423	111,891	65,836	83,740	76,817	74,876	66,272	48,978	61,109	63,081
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	13,362	13,191	9,394	7,792	5,742	4,984	12,101	12,928	15,860	18,451	13,150	12,644	12,773
Other operating charges`640/8`	3,770	2,704	4,160	3,373	1,801	3,343	1,387	2,947	2,018	2,712	4,513	2,608	1,027
Non-recurring operating charges`66A`	955	-	4,294	-	-	-	-	-	383	-	359	841	-
Operating profit (loss)`9901`	22,953	55,604	6,745	3,748	73,803	7,434	11,836	5,421	3,254	6,374	10,409	-929	7,185
Financial income`75/76B`	65	982	76	1	532	1,088	827	373	0	62	462	18	312
Recurring financial income`75`	65	982	76	1	532	1,088	827	373	0	62	462	18	312
Financial charges`65/66B`	885	262	2,822	817	734	2,023	1,147	1,486	2,054	2,512	2,503	2,719	3,133
Recurring financial charges`65`	885	262	2,822	817	734	2,023	1,147	1,486	2,054	2,512	2,503	2,719	3,133
Profit (loss) for the period before taxes`9903`	22,134	56,325	3,999	2,932	73,601	6,500	11,516	4,308	1,200	3,924	8,010	-4,471	4,364
Income taxes`67/77`	8,649	18,758	4,936	2,011	18,985	163	3,310	1,818	873	1,780	2,165	-	1,117
Profit (loss) for the period`9904`	13,485	37,567	-937	920	54,616	6,336	8,206	2,490	327	2,143	5,844	-4,471	3,247
Profit (loss) for the period to be appropriated`9905`	13,485	37,567	-937	920	54,616	6,336	8,206	2,490	327	2,143	5,844	-4,471	3,247
Appropriation of the result
Profit (loss) to be appropriated`9906`	13,485	37,567	-937	920	54,616	6,336	8,206	2,490	327	2,143	1,373	-4,471	3,247
Transfer from equity`791/2`	-	-	937	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	13,485	37,567	-	920	54,616	6,336	8,206	2,490	327	2,143	1,373	-	3,247
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	1,860
To other reserves`6921`	13,485	37,567	-	920	54,616	6,336	8,206	2,490	327	2,143	1,373	-	1,387
Social balance sheet
Average staff (FTE)`9087`	9.5	12.9	12.9	9	9	3.5	6	3.9	2.5	2.6	2.5	3.1	3.9
Hours worked`1013`	10,259	9,658	9,658	5,855	5,854	3,078	3,822	3,465	3,125	2,827	2,335	2,945	3,295
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	24-09-2026	2026-00525197	PDF
31-12-2024	micro format	09-09-2025	2025-00488275	PDF
31-12-2023	micro format	08-08-2024	2024-00338103	PDF
31-12-2022	micro format	11-09-2023	2023-00444693	PDF
31-12-2021	micro format	14-09-2022	2022-20429888	PDF
31-12-2020	micro format	26-08-2021	2021-54100050	PDF
31-12-2019	micro format	06-10-2020	2020-59100388	PDF
31-12-2018	micro format	29-08-2019	2019-56700093	PDF
31-12-2017	micro format	31-07-2018	2018-41800219	PDF
31-12-2016	abbreviated format	25-08-2017	2017-52900384	PDF
31-12-2015	abbreviated format	29-07-2016	2016-38700528	PDF
31-12-2014	abbreviated format	24-07-2015	2015-34400292	PDF
31-12-2013	abbreviated format	11-06-2014	2014-17000555	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
EBITDA	36,315	68,795	16,140	11,540	79,544	12,418	23,937	18,349	19,113	24,825	23,559	11,715	19,958
Cash flow	26,847	50,757	8,457	8,712	60,357	11,320	20,306	15,418	16,187	20,594	18,995	8,173	16,020
Investment in fixed assets	4,469	11,073	16,601	22,590	18,999	2,295	1,595	8,355	9,272	18,385	3,684	11,417	71,004
Change in cash	-10,687	28,898	34,574	-24,950	75,817	2,934	5,346	5,411	-8,792	9,877	13,194	2,033	-
Working capital	101,500	79,267	165,311	51,780	64,130	26,946	23,857	13,430	8,919	4,343	5,751	-2,356	2,459
Solvency	66.0%	55.5%	26.6%	56.6%	52.0%	49.0%	32.1%	20.3%	18.4%	14.2%	14.4%	7.3%	13.3%
Current ratio	2.55	1.87	2.76	1.82	1.84	2.24	1.68	1.36	1.29	1.11	1.26	0.82	1.27
Quick ratio	2.36	1.68	2.61	1.60	1.74	2.19	1.42	1.11	0.81	0.85	1.09	0.55	1.01
Debt to equity	0.51	0.80	2.76	0.77	0.92	1.04	2.11	3.91	4.44	6.03	5.96	12.61	6.51
ROE	10.2%	31.8%	-1.2%	1.1%	64.3%	20.9%	34.2%	15.8%	2.5%	16.5%	54.0%	-89.8%	34.4%
ROA	6.8%	17.6%	-0.3%	0.6%	33.4%	10.2%	11.0%	3.2%	0.5%	2.4%	7.8%	-6.6%	4.6%
Interest coverage	41.05	over 100	5.72	14.13	over 100	-	-	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	10	6	6	7	7
full-time	2	1	1	1	1
part-time	8	5	5	6	6
in full-time equivalents	4.8	4.2	4.2	3.5	3.5
Average over the year, in full-time equivalents	5.5	5.2	5.2	3.6	3.6
On a permanent contract	4	4	4	4	4
Joined	43	64	64	54	54
Left	40	68	68	50	50

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€4,469	€11,073	€16,601	€22,590	€18,999
Depreciation and write-downs of the year	€13,362	€13,191	€9,394	€7,792	€5,742

BB2

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency66.0%

Current ratio2.55

Return on assets6.8%

Staff

Staff cost per FTE€28,980

Joined and left+3

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2025, 1 entry, €2,000 awarded, €2,000 paid

Key figures and ratios

Social balance sheet

Investments

Insights on BB2

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