BIG (0442.668.210): financials and annual accounts

BIG

Antwerp ·KBO/BCE: BE 0442.668.210

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	1.5m	1.7m	1.5m	1.2m	992,202	748,025	613,913	342,138	265,150	316,000	184,155	224,898	352,412	380,369	314,840	342,817	234,353	215,767	193,848
Fixed assets`21/28`	973,700	35,090	5,722	7,951	4,041	5,456	8,004	9,085	5,902	7,870	9,837	11,804	13,771	15,739	17,706	-	-	187	581
Intangible fixed assets`21`	-	-	477	1,193	1,908	2,624	3,339	4,055	-	-	-	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	973,200	34,590	4,745	6,259	1,633	2,333	4,665	5,031	5,902	7,870	9,837	11,804	13,771	15,739	17,706	-	-	187	581
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	223
Furniture and vehicles`24`	28,162	34,590	4,745	6,259	1,633	365	731	1,096	-	-	-	-	-	-	-	-	-	-	-
Other tangible fixed assets`26`	945,038	-	-	-	-	1,967	3,935	3,935	5,902	7,870	9,837	11,804	13,771	15,739	17,706	-	-	187	358
Financial fixed assets`28`	500	500	500	500	500	500	-	-	-	-	-	-	-	-	-	-	-	-	-
Current assets`29/58`	549,016	1.7m	1.5m	1.2m	988,161	742,569	605,909	333,053	259,248	308,130	174,318	213,094	338,641	364,630	297,134	342,817	234,353	215,580	193,267
Stocks and contracts in progress`3`	150,000	1.0m	823,800	732,042	557,615	486,875	401,730	251,730	189,130	229,854	108,620	140,125	187,344	323,979	183,880	188,318	152,374	121,178	84,693
Stocks`30/36`	150,000	1.0m	823,800	732,042	557,615	486,875	401,730	251,730	189,130	229,854	108,620	140,125	187,344	323,979	183,880	188,318	152,374	121,178	84,693
Amounts receivable within one year`40/41`	363,634	548,640	597,983	388,778	256,513	251,089	190,533	76,925	64,430	75,520	51,557	44,782	134,917	24,319	113,181	154,403	81,945	94,391	96,504
Trade receivables`40`	337,203	518,408	527,622	306,321	212,694	175,649	116,476	70,324	64,430	67,316	45,756	43,140	134,917	24,319	113,181	154,403	81,945	94,391	96,504
Other amounts receivable`41`	26,431	30,232	70,360	82,457	43,819	75,440	74,057	6,601	-	8,204	5,801	1,642	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	35,382	101,592	63,679	117,280	174,033	4,604	13,646	4,398	5,688	2,756	14,141	28,187	16,380	16,332	73	96	34	11	12,070
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.5m	1.7m	1.5m	1.2m	992,202	748,025	613,913	342,138	265,150	316,000	184,155	224,898	352,412	380,369	314,840	342,817	234,353	215,767	193,848
Equity`10/15`	356,036	535,253	351,345	181,375	-9,064	-218,383	-446,234	-633,820	-700,347	-697,711	-705,101	-579,617	-462,303	-329,506	-208,112	-100,386	-159	-46,442	-20,803
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Capital`10`	18,600	18,600	18,600	18,600	18,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Reserves`13`	337,436	516,653	332,745	162,775	1,860	1,860	1,860	1,860	1,860	1,860	1,622	1,622	1,622	1,622	1,622	1,622	1,622	1,622	1,622
Non-distributable reserves`130/1`	1,860	1,860	1,860	1,860	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	1,622	1,622	1,622	1,622	1,622	1,622	1,622	1,622	1,622
Distributable reserves`133`	335,576	514,793	330,885	160,915	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	-	-	-	-	-29,524	-238,843	-466,694	-654,280	-720,807	-718,171	-725,323	-599,839	-482,525	-349,728	-228,334	-120,608	-20,381	-66,664	-41,025
Amounts payable`17/49`	1.2m	1.2m	1.1m	1.1m	1.0m	966,408	1.1m	975,957	965,497	1.0m	889,256	804,515	814,715	709,875	522,952	443,203	234,512	262,209	214,651
Amounts payable after more than one year`17`	12,413	17,124	-	-	-	-	30,000	-	-	-	-	-	-	-	5,290	10,957	-	-	-
Financial debts`170/4`	12,413	17,124	-	-	-	-	30,000	-	-	-	-	-	-	-	5,290	10,957	-	-	-
Amounts payable within one year`42/48`	1.2m	1.2m	1.1m	1.1m	1.0m	966,408	1.0m	975,633	965,497	1.0m	889,256	804,515	814,715	709,875	517,662	432,246	234,512	262,209	214,651
Current portion of amounts payable after more than one year`42`	5,646	5,646	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	478,648	398,893	336,061	250,532	179,988	161,668	211,659	141,283	102,749	107,549	25,256	67,315	75,578	78,550	120,076	42,249	41,836	39,975	44,194
Suppliers`440/4`	478,648	398,893	336,061	250,532	179,988	161,668	211,659	141,283	102,749	107,549	25,256	67,315	75,578	78,550	120,076	42,249	41,836	39,975	44,194
Taxes, remuneration and social security`45`	3,221	68,230	68,113	70,676	35,000	190	-	2,222	-	-	-	-	-	-	-	-	-	-	-
Taxes`450/3`	-	65,000	65,000	65,865	35,000	190	-	-	-	-	-	-	-	-	-	-	-	-	-
Remuneration and social security`454/9`	3,221	3,230	3,113	4,812	-	-	-	2,222	-	-	-	-	-	-	-	-	-	-	-
Other amounts payable`47/48`	664,865	706,290	733,778	741,994	786,279	804,549	818,165	832,129	862,748	906,162	864,000	737,200	739,137	631,325	397,586	389,997	192,676	222,234	170,457
Accrued charges and deferred income`492/3`	1,886	1,886	1,886	1,475	-	-	324	324	-	-	-	-	-	-	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	-	-	-	50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross operating margin`9900`	257,750	356,024	339,970	342,476	317,336	301,778	252,540	132,802	393,615	324,364	297,956	188,652	187,344	135,370	183,880	182,971	315,587	197,635	245,408
Remuneration, social security and pensions`62`	96,040	94,424	91,039	80,338	67,714	67,761	60,041	60,301	58,784	46,978	31,722	29,187	28,436	20,188	10,262	13,954	-	-	6,564
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	231,450	6,018	2,230	1,661	3,415	3,048	1,081	3,048	1,967	1,967	1,967	1,967	1,968	1,967	1,967	-	187	394	612
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	53,408	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating charges`640/8`	34,838	2,457	2,510	1,326	2,113	1,284	1,595	1,682	335,381	265,256	388,487	273,275	287,803	228,902	273,417	265,110	265,501	221,094	150,420
Non-recurring operating charges`66A`	13,691	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	-171,678	253,125	244,191	259,151	244,095	229,685	189,823	67,770	-2,517	10,163	-124,220	-115,777	-130,863	-115,687	-101,766	-96,093	49,899	-23,853	87,812
Financial income`75/76B`	-	30	169	290	2,093	133	2	7	1,500	1,500	1,509	1,595	1,604	1,696	1,800	1,646	2,148	1,909	1,901
Recurring financial income`75`	-	30	169	290	2,093	133	2	7	1,500	1,500	1,509	1,595	1,604	1,696	1,800	1,646	2,148	1,909	1,901
Financial charges`65/66B`	3,990	3,540	5,055	3,128	1,681	1,776	2,035	1,249	1,619	4,273	2,773	3,132	3,538	7,403	7,760	5,780	5,764	3,695	6,162
Recurring financial charges`65`	3,990	3,540	5,055	3,128	1,681	1,776	2,035	1,249	1,619	4,273	2,773	3,132	3,538	7,403	7,760	5,780	5,764	3,695	6,162
Profit (loss) for the period before taxes`9903`	-175,667	249,615	239,306	256,314	244,507	228,042	187,789	66,528	-2,636	7,390	-125,484	-117,314	-132,797	-121,394	-107,726	-100,227	46,283	-25,639	83,551
Income taxes`67/77`	3,549	65,708	69,335	65,874	35,189	190	204	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period`9904`	-179,216	183,908	169,970	190,439	209,318	227,852	187,585	66,528	-2,636	7,390	-125,484	-117,314	-132,797	-121,394	-107,726	-100,227	46,283	-25,639	83,551
Profit (loss) for the period to be appropriated`9905`	-179,216	183,908	169,970	190,439	209,318	227,852	187,585	66,528	-2,636	7,390	-125,484	-117,314	-132,797	-121,394	-107,726	-100,227	46,283	-25,639	83,551
Appropriation of the result
Profit (loss) to be appropriated`9906`	-179,216	183,908	169,970	160,915	-29,524	-238,843	-466,694	-654,280	-720,807	-717,933	-725,323	-599,839	-482,525	-349,728	-228,334	-120,608	-20,381	-66,664	-41,025
Profit (loss) brought forward from the previous period`14P`	-	-	-	-29,524	-238,843	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	179,216	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	183,908	169,970	160,915	-	-	-	-	-	238	-	-	-	-	-	-	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	238	-	-	-	-	-	-	-	-	-
To other reserves`6921`	-	183,908	169,970	160,915	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	1	1	0.9	1	1	0.8	0.8	1	0.8	0.9	0.6	0.6	0.6	0.5	0.5	0.4	-	-	0
Hours worked`1013`	1,712	1,605	1,573	1,789	1,839	1,590	1,448	1,496	344	1,736	1,224	1,208	1,232	928	1,000	726	-	-	76
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Financial year	Type	Filed	Reference	Document
30-09-2025	micro format	31-05-2026	2026-00141170	PDF
30-09-2024	micro format	30-05-2025	2025-00124220	PDF
30-09-2023	micro format	30-05-2024	2024-00103818	PDF
30-09-2022	micro format	31-05-2023	2023-00109746	PDF
30-09-2021	micro format	27-05-2022	2022-20047921	PDF
30-09-2020	micro format	05-05-2021	2021-13400382	PDF
30-09-2019	micro format	30-05-2020	2020-14000117	PDF
30-09-2018	abbreviated format	07-05-2019	2019-12500477	PDF
30-09-2017	abbreviated format	30-04-2018	2018-11500138	PDF
30-09-2016	abbreviated format	26-04-2017	2017-10400181	PDF
30-09-2015	abbreviated format	30-04-2016	2016-11400077	PDF
30-09-2014	abbreviated format	29-04-2015	2015-11100114	PDF
30-09-2013	abbreviated format	24-03-2014	2014-07200169	PDF
30-09-2012	abbreviated format	30-04-2013	2013-11100044	PDF
30-09-2011	abbreviated format	27-03-2012	2012-07400062	PDF
30-09-2010	abbreviated format	31-03-2011	2011-07500332	PDF
30-09-2009	abbreviated format	31-03-2010	2010-08400298	PDF
30-09-2008	abbreviated format	31-03-2009	2009-10000034	PDF
30-09-2007	abbreviated format	01-04-2008	2008-09400191	PDF
30-09-2006	abbreviated format	27-03-2007	2007-09404561	PDF
30-09-2005	abbreviated format	21-09-2006	2006-79003303	PDF
30-09-2004	abbreviated format	21-09-2006	2006-79003316	PDF
30-09-2003	abbreviated format	30-12-2004	2004-89203535	PDF
30-09-2001	abbreviated format	29-04-2002	2002-11001200	PDF
30-09-1999	abbreviated format	15-05-2001	2001-12500006	PDF
30-09-1997	abbreviated format	24-06-1998	1998-21802266	PDF
30-09-1996	abbreviated format	28-03-1997	1997-04604008	PDF
30-09-1995	abbreviated format	12-07-1996	1996-33504794	PDF
30-09-1994	abbreviated format	26-07-1996	1996-37100317	PDF
30-09-1992	abbreviated format	22-03-1993	1993-03901741	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	59,772	259,143	246,421	260,812	247,510	232,733	190,904	70,818	-550	12,130	-122,253	-113,810	-128,895	-113,720	-99,799	-	50,086	-23,459	88,424
Cash flow	52,233	189,926	172,200	192,100	212,733	230,900	188,666	69,576	-669	9,357	-123,517	-115,347	-130,829	-119,427	-105,759	-	46,470	-25,245	84,163
Investment in fixed assets (approximation)	213,060	35,386	0	5,570	2,000	500	0	6,231	-1	0	0	0	0	0	19,673	-	0	0	-
Change in cash	-66,210	37,913	-53,601	-56,753	169,429	-9,042	9,249	-1,290	2,932	-11,385	-14,046	11,807	48	16,259	-23	62	23	-12,059	-
Working capital	-603,365	519,172	347,510	174,899	-13,106	-223,839	-423,914	-642,581	-706,249	-705,581	-714,938	-591,421	-476,074	-345,245	-220,528	-89,429	-159	-46,629	-21,384
Solvency	23.4%	30.9%	23.6%	14.6%	-0.9%	-29.2%	-72.7%	-185.3%	-264.1%	-220.8%	-382.9%	-257.7%	-131.2%	-86.6%	-66.1%	-29.3%	-0.1%	-21.5%	-10.7%
Current ratio	0.48	1.44	1.31	1.16	0.99	0.77	0.59	0.34	0.27	0.30	0.20	0.26	0.42	0.51	0.57	0.79	1.00	0.82	0.90
Quick ratio	0.35	0.55	0.58	0.48	0.43	0.26	0.20	0.08	0.07	0.08	0.07	0.09	0.19	0.06	0.22	0.36	0.35	0.36	0.51
Debt to equity	3.28	2.24	3.24	5.87	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ROE	-50.3%	34.4%	48.4%	105.0%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ROA	-11.8%	10.6%	11.4%	15.3%	21.1%	30.5%	30.6%	19.4%	-1.0%	2.3%	-68.1%	-52.2%	-37.7%	-31.9%	-34.2%	-29.2%	19.7%	-11.9%	43.1%
Interest coverage	14.98	73.20	48.74	83.38	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022	30-09-2021
Employees at the balance-sheet date	1	1	1	1	1
full-time	-	1	1	1	1
part-time	1	-	-	-	-
in full-time equivalents	0.9	1	1	1	1
Average over the year, in full-time equivalents	1	1	0.9	1	1
On a permanent contract	1	1	1	1	1

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022	30-09-2021
Tangible fixed assets	€213,060	€35,386	-	€5,570	€2,000
Depreciation and write-downs of the year	€231,450	€6,018	€2,230	€1,661	€3,415

BIG

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency23.4%

Current ratio0.48

Return on assets-11.8%

Staff

Staff cost per FTE€96,040

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on BIG

Next steps