Capit@link (0463.079.384): financials and annual accounts

Capit@link

Watermael-Boitsfort ·KBO/BCE: BE 0463.079.384

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2006
Balance sheet: assets
Total assets`20/58`	1.5m	1.5m	1.4m	1.3m	1.3m	1.3m	1.2m	1.2m	1.2m	1.1m	1.0m	987,976	925,976	910,186	935,934	941,573	829,562	736,030
Fixed assets`21/28`	637,892	703,071	694,395	738,097	782,500	789,126	830,142	552,601	570,027	598,822	635,805	675,559	696,880	673,075	577,258	330,030	122,715	16,276
Tangible fixed assets`22/27`	537,843	603,022	644,346	688,048	732,451	789,077	830,093	552,552	569,978	598,773	635,756	675,510	696,831	673,026	577,209	329,981	122,666	16,227
Land and buildings`22`	519,733	573,435	611,997	665,699	718,872	772,574	826,276	548,315	565,124	595,450	630,127	665,883	695,582	666,016	562,092	307,681	118,800	-
Furniture and vehicles`24`	18,110	29,587	32,349	22,349	13,579	16,503	3,817	4,237	4,854	3,323	5,629	9,627	1,249	7,010	15,117	22,300	3,866	16,227
Financial fixed assets`28`	100,049	100,049	50,049	50,049	50,049	49	49	49	49	49	49	49	49	49	49	49	49	49
Current assets`29/58`	900,472	758,589	696,635	595,445	556,770	499,171	366,480	688,489	617,701	506,648	390,165	312,417	229,096	237,111	358,676	611,543	706,847	719,754
Amounts receivable within one year`40/41`	6,000	14,000	7,637	20,825	1,825	39,766	3,392	29,156	12,337	34,928	7,670	10,057	69,379	65,000	17,000	58,000	82,885	-
Trade receivables`40`	-	8,000	-	19,000	-	38,000	-	29,000	-	25,000	-	-	69,000	65,000	17,000	58,000	80,412	-
Other amounts receivable`41`	6,000	6,000	7,637	1,825	1,825	1,766	3,392	156	12,337	9,928	7,670	10,057	379	-	-	0	2,473	-
Current investments`50/53`	-	-	-	-	-	-	-	-	-	-	-	-	-	67,060	189,526	545,526	614,466	-
Cash at bank and in hand`54/58`	890,505	741,007	685,416	571,039	546,588	446,274	363,088	659,333	605,364	471,720	382,495	302,360	159,717	105,051	152,150	8,017	9,496	719,754
Deferred charges and accrued income`490/1`	3,967	3,582	3,582	3,581	8,357	13,131	-	-	-	-	-	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.5m	1.5m	1.4m	1.3m	1.3m	1.3m	1.2m	1.2m	1.2m	1.1m	1.0m	987,976	925,976	910,186	935,934	941,573	829,562	736,030
Equity`10/15`	1.5m	1.4m	1.4m	1.3m	1.3m	1.2m	1.2m	1.2m	1.1m	1.1m	984,864	950,521	918,635	885,894	863,050	857,681	812,862	702,549
Contributions`10/11`	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
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
Uncalled capital`101`	-	-	-	-	-	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Reserves`13`	46,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
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	1,860	1,860	1,860
Reserves not available under the articles`1311`	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	45,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	1.4m	1.4m	1.3m	1.3m	1.3m	1.2m	1.2m	1.2m	1.1m	1.0m	970,604	936,261	904,375	871,634	848,790	843,421	798,602	688,289
Amounts payable`17/49`	81,919	50,897	35,924	46,782	70,639	44,188	21,683	34,550	74,017	44,150	41,106	37,455	7,341	24,292	72,884	83,892	16,700	33,481
Amounts payable within one year`42/48`	81,919	50,897	35,924	46,782	70,639	44,188	21,683	34,550	74,017	44,150	41,106	37,455	7,341	24,292	72,884	83,892	16,700	33,481
Trade debts`44`	15,163	10,753	2,976	4,696	8,996	3,553	9,540	2,616	3,404	4,710	6,899	8,767	6,709	9,430	48,868	42,872	2,860	4,183
Suppliers`440/4`	15,163	10,753	2,976	4,696	8,996	3,553	9,540	2,616	3,404	4,710	6,899	8,767	6,709	9,430	48,868	42,872	2,860	4,183
Advances received on contracts in progress`46`	20,000	15,560	-	-	-	-	1,000	-	-	-	15,000	15,000	-	-	-	-	-	-
Taxes, remuneration and social security`45`	30,318	15	5,800	16,342	31,781	21,280	11,143	31,772	64,613	39,440	19,207	13,688	632	10,042	4,238	16,987	13,840	23,730
Taxes`450/3`	19,515	15	5,800	16,342	31,781	21,280	11,143	31,772	63,822	38,822	18,765	13,434	-	8,595	4,000	16,987	13,840	10,025
Remuneration and social security`454/9`	10,803	-	-	-	-	-	-	-	791	618	442	254	632	1,447	238	-	-	13,705
Other amounts payable`47/48`	16,438	24,569	27,148	25,744	29,862	19,355	-	162	6,000	-	-	-	-	4,820	19,778	24,033	-	5,568
Income statement
Non-recurring operating income`76A`	434	-	3,710	521	1,321	4,504	127	0	-	-	-	7,734	-	200	-	1,000	-	-
Gross operating margin`9900`	135,746	142,190	140,642	93,638	112,207	154,399	78,455	171,437	123,792	156,688	96,024	82,343	64,493	57,961	14,274	49,300	36,315	24,850
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	65,179	63,853	62,791	64,575	61,977	58,472	107,620	42,109	39,675	41,017	40,977	40,335	42,961	39,412	31,971	18,091	4,702	5,358
Other operating charges`640/8`	5,287	7,019	4,108	4,419	5,099	4,058	2,332	3,918	1,674	3,266	3,059	4,818	1,463	2,127	1,168	2,290	1,743	2,318
Non-recurring operating charges`66A`	-	1,029	158	-	2	-	-	-	-	1,250	154	0	-	-	52	530	-	-
Operating profit (loss)`9901`	65,280	70,289	73,585	24,644	45,129	91,869	-31,497	125,410	82,443	111,155	51,988	37,190	20,069	16,422	-18,865	28,919	29,870	17,174
Financial income`75/76B`	-	2,185	965	-	-	-	350	44	59	535	142	501	2,728	11,229	13,470	22,352	18,753	32,983
Recurring financial income`75`	-	-	-	-	-	-	350	44	59	535	142	501	2,728	11,229	13,470	22,352	18,753	32,983
Non-recurring financial income`76B`	-	2,185	965	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	98	161	1,679	115	107	99	99	112	94	96	97	114	84	291	979	101	74	-
Recurring financial charges`65`	98	161	1,679	115	107	99	99	112	94	96	97	114	84	291	979	101	74	-
Profit (loss) for the period before taxes`9903`	65,182	72,313	72,871	24,529	45,022	91,770	-31,246	125,342	82,408	111,594	51,879	45,311	22,713	27,560	-6,426	51,640	48,549	50,157
Income taxes`67/77`	19,500	16,656	4,525	6,400	10,500	12,600	355	27,513	25,017	35,138	17,536	13,425	-10,028	4,716	-11,795	6,821	2,813	15,684
Profit (loss) for the period`9904`	45,682	55,657	68,346	18,129	34,522	79,170	-31,601	97,829	57,391	76,456	34,343	31,886	32,741	22,844	5,369	44,819	45,736	34,473
Profit (loss) for the period to be appropriated`9905`	45,682	55,657	68,346	18,129	34,522	79,170	-31,601	97,829	57,391	76,456	34,343	31,886	32,741	22,844	5,369	44,819	45,736	34,473
Appropriation of the result
Profit (loss) to be appropriated`9906`	1.4m	1.4m	1.3m	1.3m	1.3m	1.2m	1.2m	1.2m	1.1m	1.0m	970,604	936,261	904,375	871,634	848,790	843,421	798,602	688,289
Profit (loss) brought forward from the previous period`14P`	1.4m	1.3m	1.3m	1.3m	1.2m	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	45,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
To other reserves`6921`	45,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	-	-	-	-	10,000	10,000	-	5,000	5,000	-	-	-	-	-	-	-	-	-
Directors or managers`695`	-	-	-	-	10,000	10,000	-	5,000	5,000	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	24-09-2026	2026-00522263	PDF
31-12-2024	full format	22-09-2025	2025-00497485	PDF
31-12-2023	micro format	17-09-2024	2024-00462797	PDF
31-12-2022	micro format	20-10-2023	2023-00491590	PDF
31-12-2021	micro format	26-09-2022	2022-20435027	PDF
31-12-2020	micro format	07-09-2021	2021-66600218	PDF
31-12-2019	micro format	09-11-2020	2020-69400470	PDF
31-12-2018	micro format	20-09-2019	2019-65100406	PDF
31-12-2017	full format	14-09-2018	2018-63100334	PDF
31-12-2016	full format	24-04-2018	2018-10500272	PDF
31-12-2015	full format	19-09-2016	2016-60400038	PDF
31-12-2014	full format	28-09-2015	2015-61400308	PDF
31-12-2013	full format	23-09-2014	2014-59700595	PDF
31-12-2012	full format	30-09-2013	2013-60700491	PDF
31-12-2011	full format	21-09-2012	2012-57100416	PDF
31-12-2010	full format	08-11-2011	2011-60200534	PDF
31-12-2009	full format	06-08-2010	2010-40300541	PDF
31-12-2008	full format	07-08-2009	2009-56700020	PDF
31-12-2007	full format	25-09-2008	2008-74600347	PDF
31-12-2006	full format	29-08-2007	2007-62600243	PDF
31-12-2005	full format	07-06-2006	2006-19802843	PDF
31-12-2004	full format	20-07-2005	2005-52602916	PDF
31-12-2003	full format	01-07-2004	2004-37604587	PDF
31-12-2002	full format	01-08-2003	2003-59000211	PDF
31-12-2001	full format	06-11-2002	2002-70400207	PDF
31-12-2000	full format	31-07-2001	2001-46002895	PDF
31-12-1999	full format	31-07-2000	2000-48004950	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2006
EBITDA	130,459	134,142	136,376	89,219	107,106	150,341	76,123	167,519	122,118	152,172	92,965	77,525	63,030	55,834	13,106	47,010	34,572	22,532
Cash flow	110,861	119,510	131,137	82,704	96,499	137,642	76,019	139,938	97,066	117,473	75,320	72,221	75,702	62,256	37,340	62,910	50,438	39,831
Investment in fixed assets (approximation)	0	72,529	19,089	20,172	55,351	17,456	385,161	24,683	10,880	4,034	1,223	19,014	66,766	135,229	279,199	225,406	118,800	499
Change in cash	149,498	55,591	114,377	24,451	100,314	83,186	-296,245	53,969	133,644	89,225	80,135	142,643	54,666	-47,099	144,133	-1,479	-	-
Working capital	818,553	707,692	660,711	548,663	486,131	454,983	344,797	653,939	543,684	462,498	349,059	274,962	221,755	212,819	285,792	527,651	690,147	686,273
Solvency	94.7%	96.5%	97.4%	96.5%	94.7%	96.6%	98.2%	97.2%	93.8%	96.0%	96.0%	96.2%	99.2%	97.3%	92.2%	91.1%	98.0%	95.5%
Current ratio	10.99	14.90	19.39	12.73	7.88	11.30	16.90	19.93	8.35	11.48	9.49	8.34	31.21	9.76	4.92	7.29	42.33	21.50
Debt to equity	0.06	0.04	0.03	0.04	0.06	0.04	0.02	0.03	0.07	0.04	0.04	0.04	0.01	0.03	0.08	0.10	0.02	0.05
ROE	3.1%	3.9%	5.0%	1.4%	2.7%	6.4%	-2.7%	8.1%	5.2%	7.2%	3.5%	3.4%	3.6%	2.6%	0.6%	5.2%	5.6%	4.9%
ROA	3.0%	3.8%	4.9%	1.4%	2.6%	6.1%	-2.6%	7.9%	4.8%	6.9%	3.3%	3.2%	3.5%	2.5%	0.6%	4.8%	5.5%	4.7%
Interest coverage	over 100	over 100	81.22	over 100	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€22,529	€19,089	€20,172	€5,351
Financial fixed assets	-	€50,000	-	-	€50,000
Depreciation and write-downs of the year	€65,179	€63,853	€62,791	€64,575	€61,977

Capit@link

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Filed annual accounts

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