CAREZZA (0475.559.227): financials and annual accounts

CAREZZA

Antwerp ·KBO/BCE: BE 0475.559.227

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	3.9m	5.1m	5.3m	5.1m	5.3m	5.2m	4.3m	5.1m	2.9m	3.8m	2.4m	3.0m	2.0m	2.0m	1.5m	1.1m	1.6m	1.5m	1.6m	874,985
Fixed assets`21/28`	2.3m	2.3m	2.4m	2.2m	2.3m	2.1m	2.0m	2.1m	612,445	642,234	677,179	693,400	718,796	427,438	272,714	12,059	336,359	362,999	285,848	737,928
Tangible fixed assets`22/27`	2.2m	2.2m	2.3m	2.1m	2.1m	1.9m	2.0m	2.1m	599,240	629,029	663,974	680,195	705,591	414,233	259,509	304	326,204	354,444	278,893	732,574
Land and buildings`22`	2.2m	2.2m	2.3m	2.0m	2.1m	1.9m	2.0m	2.1m	597,958	623,352	652,111	678,661	704,563	414,223	259,469	-	298,571	306,457	214,195	727,411
Plant, machinery and equipment`23`	-	-	-	700	1,399	2,099	2,798	2,483	-	-	510	1,534	1,028	10	40	70	3,708	8,121	2,477	1,741
Furniture and vehicles`24`	4,643	-	2,491	6,225	9,959	-	-	641	1,282	5,677	11,353	-	-	-	-	234	23,925	39,867	62,221	3,422
Financial fixed assets`28`	50,000	50,000	162,936	162,936	162,936	162,936	12,936	12,936	13,205	13,205	13,205	13,205	13,205	13,205	13,205	11,755	10,155	8,555	6,955	5,355
Current assets`29/58`	1.6m	2.9m	2.9m	2.9m	3.0m	3.1m	2.3m	3.0m	2.3m	3.1m	1.7m	2.3m	1.3m	1.5m	1.2m	1.0m	1.2m	1.1m	1.3m	137,056
Stocks and contracts in progress`3`	1.5m	2.8m	2.7m	2.8m	3.0m	3.0m	1.8m	2.8m	2.1m	2.8m	1.3m	2.3m	1.3m	1.4m	458,979	951,095	1.2m	1.1m	1.2m	97,963
Stocks`30/36`	1.5m	2.8m	2.7m	2.8m	3.0m	3.0m	1.8m	2.8m	2.1m	2.8m	1.3m	2.3m	1.3m	1.4m	458,979	951,095	480,437	115,532	437,057	97,963
Contracts in progress`37`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	720,172	940,381	740,993	-
Amounts receivable within one year`40/41`	6,232	28,456	149,685	48,916	16,534	4,575	177,711	149,782	157,944	149,295	44,826	315	241	132	528,369	85,655	14,222	37,169	97,013	19,860
Trade receivables`40`	6,231	2,009	8,451	-	1,534	4,575	747	2,287	-	1,800	735	315	-	-	524,902	84,965	4,348	18,300	1,972	-
Other amounts receivable`41`	1	26,447	141,234	48,916	15,000	-	176,964	147,495	157,944	147,495	44,091	-	241	132	3,467	690	9,874	18,869	95,041	19,860
Cash at bank and in hand`54/58`	102,393	3,723	6,756	8,333	789	125,776	312,091	120,937	74,176	204,193	356,352	48,705	5,598	86,250	235,110	4,892	9,640	7,699	7,453	19,233
Deferred charges and accrued income`490/1`	-	4,048	3,947	3,850	2,409	2,000	56,700	-	20,500	-	-	-	-	-	248	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	3.9m	5.1m	5.3m	5.1m	5.3m	5.2m	4.3m	5.1m	2.9m	3.8m	2.4m	3.0m	2.0m	2.0m	1.5m	1.1m	1.6m	1.5m	1.6m	874,985
Equity`10/15`	1.1m	1.1m	1.3m	1.4m	1.3m	1.1m	860,366	784,874	637,035	563,497	543,935	315,984	235,207	142,036	63,033	73,055	3,055	18,855	10,600	4,585
Contributions`10/11`	68,600	68,600	68,600	68,600	68,600	68,600	68,600	68,600	68,600	68,600	68,600	68,600	68,600	68,600	68,600	68,600	68,600	18,600	18,600	18,600
Issued capital`100`	-	-	-	-	-	-	68,600	68,600	68,600	68,600	68,600	68,600	68,600	68,600	68,600	68,600	68,600	18,600	18,600	18,600
Reserves`13`	1.3m	1.3m	1.3m	1.3m	1.2m	1.0m	791,766	716,274	568,435	494,897	475,335	247,384	166,607	73,436	4,455	4,455	13	13	-	-
Non-distributable reserves`130/1`	-	6,860	6,860	6,860	6,860	6,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	6,860	6,860	6,860	6,860	6,860	6,860	6,860	6,860	4,455	4,455	13	13	-	-
Reserves not available under the articles`1311`	-	6,860	6,860	6,860	6,860	6,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	-	-	-	140,850	140,850	171,850	159,600	124,000	124,000	93,000	93,000	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	1.3m	1.3m	1.3m	1.2m	1.0m	848,740	625,306	585,414	437,575	395,037	375,475	240,524	159,747	66,576	-	-	-	-	-	-
Profit (loss) carried forward`14`	-289,380	-239,139	-	-	-	-	-	-	-	-	-	-	-	-	-10,022	-	-65,558	243	-8,000	-14,015
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	-	-	-	-	-	-	16,663	16,663	16,663	16,663	16,663	16,663	-
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	-	-	-	-	-	-	16,663	16,663	16,663	16,663	16,663	16,663	-
Amounts payable`17/49`	2.8m	4.0m	4.0m	3.7m	4.1m	4.1m	3.5m	4.3m	2.3m	3.2m	1.8m	2.7m	1.8m	1.8m	1.4m	963,983	1.5m	1.4m	1.5m	870,399
Amounts payable after more than one year`17`	433,258	1.2m	1.2m	1.1m	1.3m	595,671	649,710	702,955	290,708	473,144	495,629	514,112	531,380	354,109	455,003	528,483	633,886	994,026	978,967	487,946
Financial debts`170/4`	433,258	1.2m	1.2m	1.1m	1.3m	595,671	649,710	702,955	290,708	473,144	495,629	514,112	531,380	354,109	355,003	428,483	529,576	889,716	862,444	371,928
Other amounts payable`178/9`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100,000	100,000	104,310	104,310	116,523	116,018
Amounts payable within one year`42/48`	2.3m	2.8m	2.7m	2.5m	2.8m	3.5m	2.8m	3.6m	2.0m	2.8m	1.3m	2.2m	1.3m	1.4m	960,721	435,500	906,769	431,885	562,134	382,453
Current portion of amounts payable after more than one year`42`	82,864	98,650	180,766	179,789	124,390	112,400	69,927	96,777	14,259	20,878	16,634	16,807	17,506	11,027	-	-	10,141	9,644	30,013	32,673
Financial debts`43`	-	850,000	860,000	800,000	1.6m	2.3m	1.7m	2.3m	1.2m	2.0m	655,090	1.5m	775,158	861,290	468,145	50,090	397,304	125,000	125,000	300,000
Credit institutions`430/8`	-	850,000	860,000	800,000	1.6m	2.3m	1.7m	2.3m	1.2m	2.0m	655,090	1.5m	775,158	861,290	468,145	50,090	397,304	125,000	125,000	300,000
Trade debts`44`	6,888	8,604	8,495	18,414	11,312	1,060	3,201	15,430	14,622	9,347	53,140	13,281	3,497	32,975	106,670	5,041	154,138	20,952	76,543	8,430
Suppliers`440/4`	6,888	8,604	8,495	18,414	11,312	1,060	3,201	15,430	14,622	9,347	53,140	13,281	3,497	32,975	106,670	5,041	154,138	20,952	76,543	8,430
Taxes, remuneration and social security`45`	1,646	737	2,592	43,105	53,539	20,202	14,354	23,915	35,265	12,366	94,988	58,475	102,460	53,698	5,124	10,187	3,971	7,551	9,762	15,782
Taxes`450/3`	1,646	737	2,592	43,105	39,815	20,202	14,354	23,915	35,265	10,079	88,536	53,859	98,719	53,698	3,725	10,187	3,971	7,551	9,762	15,782
Remuneration and social security`454/9`	-	-	-	-	13,725	-	-	-	-	2,287	6,452	4,616	3,741	-	1,399	-	-	-	-	-
Other amounts payable`47/48`	2.2m	1.8m	1.7m	1.5m	998,390	1.1m	1.1m	1.2m	804,030	736,199	523,006	532,629	371,598	483,836	380,782	370,182	341,215	268,739	320,817	25,568
Accrued charges and deferred income`492/3`	77,800	87,200	351	-	-	-	-	2,161	251	270	-	-	-	-	-	-	457	2,350	-	-
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	9,600	-	-	5,697	-	-	-	-	8,367	45,000	14,377	-	-	140,902	9,026
Gross operating margin`9900`	225,095	180,038	191,543	386,398	419,528	417,282	271,929	355,692	227,756	231,047	438,881	226,872	194,199	182,119	31,674	162,126	51,465	111,964	-22,168	89,916
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	-	-	-	-	13,128	8,391	-	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	90,432	88,989	86,079	75,247	67,626	63,239	63,831	63,660	29,775	34,945	35,459	29,673	29,036	18,379	13,920	3,871	28,940	30,124	29,835	26,784
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	14,999	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	-	-	-	-	-	-16,663	-	-	-	-	-	16,663	-
Other operating charges`640/8`	70,790	19,455	26,518	24,436	22,667	18,983	14,758	9,560	15,278	7,091	9,139	5,400	6,242	4,960	32,959	66,606	4,321	8,415	12,398	13,341
Non-recurring operating charges`66A`	-	67,000	-	-	-	8,000	2,483	-	-	-	12,430	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	63,872	4,595	63,947	286,714	329,235	327,060	190,858	282,471	182,702	189,011	394,283	178,671	167,193	158,780	-15,205	91,649	18,204	73,425	-81,064	49,792
Financial income`75/76B`	8,372	4,215	2,737	2,047	872	86,642	733	1,970	2,158	2,762	1,247	187	764	1,278	242	19	80	31	415	482
Recurring financial income`75`	8,372	4,215	2,737	2,047	872	86,642	733	1,970	2,158	2,762	1,247	187	764	1,278	242	19	80	31	415	482
Financial charges`65/66B`	121,879	247,405	116,388	83,527	90,366	75,195	85,569	62,477	75,206	153,920	51,672	54,768	23,509	40,688	40,026	32,782	84,137	67,736	50,455	36,456
Recurring financial charges`65`	121,879	147,405	116,388	83,527	90,366	75,195	85,569	62,477	75,206	153,920	51,672	54,768	23,509	40,688	40,026	32,782	84,137	67,736	50,455	36,456
Non-recurring financial charges`66B`	-	100,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	-49,635	-238,596	-49,704	205,235	239,741	338,508	106,022	221,964	109,654	37,853	331,428	124,090	144,448	127,737	-9,989	73,263	-65,853	5,720	9,799	22,843
Income taxes`67/77`	606	543	8,767	63,584	77,578	102,824	30,531	74,125	36,116	18,291	112,332	43,313	51,277	48,734	33	3,263	-53	-2,535	3,784	13,616
Profit (loss) for the period`9904`	-50,241	-239,139	-58,471	141,651	162,163	235,684	75,491	147,839	73,538	19,562	219,096	80,777	93,171	79,003	-10,022	70,000	-65,800	8,255	6,015	9,227
Transfer from tax-exempt reserves`789`	-	-	140,850	-	31,000	93,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	105,250	35,600	-	31,000	-	93,000	-	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	-50,241	-239,139	82,379	141,651	193,163	223,434	39,891	147,839	42,538	19,562	126,096	80,777	93,171	79,003	-10,022	70,000	-65,800	8,255	6,015	9,227
Appropriation of the result
Profit (loss) to be appropriated`9906`	-289,380	-239,139	82,379	141,651	193,163	223,434	39,891	147,839	42,538	19,562	126,096	80,777	93,171	68,981	-10,022	4,442	-65,558	255	-8,000	-14,015
Profit (loss) brought forward from the previous period`14P`	-239,139	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	82,379	141,651	193,163	223,434	39,891	147,839	42,538	19,562	126,096	80,777	93,171	68,981	-	4,442	-	13	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	2,405	-	4,442	-	13	-	-
To other reserves`6921`	-	-	82,379	141,651	193,163	223,434	39,891	147,839	42,538	19,562	126,096	80,777	93,171	66,576	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	-	-	-	0.3	0.3	-	-	-	-	-	-	-
Hours worked`1013`	-	-	-	-	-	-	-	-	-	-	-	632	256	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	23-07-2026	2026-00320106	PDF
31-12-2024	abbreviated format	28-07-2025	2025-00320118	PDF
31-12-2023	abbreviated format	02-07-2024	2024-00194648	PDF
31-12-2022	abbreviated format	25-07-2023	2023-00265835	PDF
31-12-2021	abbreviated format	28-07-2022	2022-20251496	PDF
31-12-2020	abbreviated format	26-07-2021	2021-40300111	PDF
31-12-2019	abbreviated format	29-07-2020	2020-36300257	PDF
31-12-2018	abbreviated format	11-09-2019	2019-64300321	PDF
31-12-2017	abbreviated format	27-06-2018	2018-24200045	PDF
31-12-2016	abbreviated format	30-08-2017	2017-59600493	PDF
31-12-2015	abbreviated format	01-07-2016	2016-26500008	PDF
31-12-2014	abbreviated format	02-07-2015	2015-26700422	PDF
31-12-2013	abbreviated format	23-06-2014	2014-20700500	PDF
31-12-2012	abbreviated format	21-06-2013	2013-20200318	PDF
31-12-2011	abbreviated format	27-06-2012	2012-22200293	PDF
31-12-2010	abbreviated format	20-06-2011	2011-18200468	PDF
31-12-2009	abbreviated format	09-07-2010	2010-29000336	PDF
31-12-2008	abbreviated format	24-07-2009	2009-47100020	PDF
31-12-2007	abbreviated format	04-08-2008	2008-54000087	PDF
31-12-2006	abbreviated format	18-07-2007	2007-42500303	PDF
31-12-2005	abbreviated format	30-08-2006	2006-74004267	PDF
31-12-2004	abbreviated format	30-09-2005	2005-78604467	PDF
31-12-2003	abbreviated format	09-07-2004	2004-43603783	PDF
31-12-2002	abbreviated format	25-07-2003	2003-51202181	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	154,304	93,583	150,026	361,961	396,861	390,299	254,688	346,132	212,477	223,956	429,742	208,344	196,229	177,159	-1,285	95,520	47,144	103,549	-51,229	76,576
Cash flow	40,191	-150,150	27,608	216,898	229,789	298,923	139,322	211,500	103,313	54,507	254,555	110,450	122,207	97,382	3,898	73,871	-36,860	38,379	35,850	36,011
Investment in fixed assets (approximation)	65,300	46,681	317,816	0	251,213	161,660	5,776	1.5m	5,663	0	19,238	4,277	320,394	261,195	274,575	1,600	2,300	112,569	85,676	201,337
Change in cash	98,669	-3,033	-1,576	7,544	-124,987	-186,315	191,154	46,761	-130,017	-152,159	307,647	43,107	-80,652	-148,860	230,218	-4,748	1,941	246	-11,780	-
Working capital	-702,754	53,492	137,535	323,813	222,949	-414,402	-497,625	-578,248	315,549	394,677	362,385	136,696	47,791	85,370	261,985	606,142	317,702	668,896	720,382	-245,397
Solvency	27.1%	21.4%	25.2%	27.6%	23.7%	20.9%	19.9%	15.3%	21.6%	14.9%	22.8%	10.5%	11.5%	7.3%	4.2%	6.9%	0.2%	1.3%	0.7%	0.5%
Current ratio	0.70	1.02	1.05	1.13	1.08	0.88	0.82	0.84	1.16	1.14	1.27	1.06	1.04	1.06	1.27	2.39	1.35	2.55	2.28	0.36
Quick ratio	0.05	0.01	0.06	0.02	0.01	0.04	0.19	0.07	0.13	0.13	0.30	0.02	0.00	0.06	0.79	0.21	0.03	0.10	0.19	0.10
Debt to equity	2.69	3.67	2.97	2.63	3.22	3.78	4.03	5.52	3.63	5.73	3.38	8.50	7.66	12.65	22.46	13.20	-	75.75	-	-
ROE	-4.8%	-21.7%	-4.4%	10.1%	12.9%	21.5%	8.8%	18.8%	11.5%	3.5%	40.3%	25.6%	39.6%	55.6%	-15.9%	95.8%	-	43.8%	56.7%	201.2%
ROA	-1.3%	-4.6%	-1.1%	2.8%	3.1%	4.5%	1.7%	2.9%	2.5%	0.5%	9.2%	2.7%	4.6%	4.0%	-0.7%	6.6%	-4.2%	0.6%	0.4%	1.1%
Interest coverage	1.27	0.63	1.29	4.33	4.39	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€65,300	€46,681	€317,816	-	€251,213
Depreciation and write-downs of the year	€90,432	€88,989	€86,079	€75,247	€67,626

CAREZZA

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency27.1%

Current ratio0.70

Return on assets-1.3%

Staff

Staff cost per FTE

Blue and white collar

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on CAREZZA

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