CDR Group (1017.872.270): financials and annual accounts

CDR Group

Liège ·KBO/BCE: BE 1017.872.270

Line	2025	2024
Balance sheet: assets
Total assets`20/58`	642,103	595,994
Fixed assets`21/28`	526,128	558,811
Intangible fixed assets`21`	192,455	214,455
Tangible fixed assets`22/27`	333,673	344,357
Plant, machinery and equipment`23`	291	458
Furniture and vehicles`24`	2,390	2,382
Leasing and similar rights`25`	33,638	45,880
Other tangible fixed assets`26`	297,353	295,637
Current assets`29/58`	115,975	37,183
Stocks and contracts in progress`3`	59,888	30,866
Stocks`30/36`	59,888	30,866
Amounts receivable within one year`40/41`	20,000	-
Other amounts receivable`41`	20,000	-
Cash at bank and in hand`54/58`	32,976	6,317
Deferred charges and accrued income`490/1`	3,111	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	642,103	595,994
Equity`10/15`	102,662	23,316
Contributions`10/11`	5,000	5,000
Reserves`13`	95,000	18,000
Distributable reserves`133`	95,000	18,000
Profit (loss) carried forward`14`	2,662	316
Amounts payable`17/49`	539,441	572,677
Amounts payable after more than one year`17`	22,803	34,510
Financial debts`170/4`	22,803	34,510
Amounts payable within one year`42/48`	499,163	538,167
Current portion of amounts payable after more than one year`42`	11,708	11,580
Trade debts`44`	22,099	5,244
Suppliers`440/4`	22,099	5,244
Taxes, remuneration and social security`45`	17,777	6,013
Taxes`450/3`	15,132	6,013
Remuneration and social security`454/9`	2,645	-
Other amounts payable`47/48`	447,579	515,330
Accrued charges and deferred income`492/3`	17,475	-
Income statement
Gross operating margin`9900`	203,451	48,304
Remuneration, social security and pensions`62`	34,172	9,774
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	55,776	13,939
Other operating charges`640/8`	6,450	1,423
Non-recurring operating charges`66A`	5,504	-
Operating profit (loss)`9901`	101,550	23,168
Financial income`75/76B`	17	-
Recurring financial income`75`	17	-
Financial charges`65/66B`	2,193	225
Recurring financial charges`65`	2,193	225
Profit (loss) for the period before taxes`9903`	99,373	22,943
Income taxes`67/77`	20,028	4,627
Profit (loss) for the period`9904`	79,346	18,316
Profit (loss) for the period to be appropriated`9905`	79,346	18,316
Appropriation of the result
Profit (loss) to be appropriated`9906`	79,662	18,316
Profit (loss) brought forward from the previous period`14P`	316	-
Transfer to equity`691/2`	77,000	18,000
To other reserves`6921`	77,000	18,000
Social balance sheet
Average staff (FTE)`9087`	1.3	-
Hours worked`1013`	2,196	-
Document	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	19-08-2026	2026-00410713	PDF
31-12-2024	micro format	28-08-2025	2025-00442697	PDF

Line	2025	2024
EBITDA	157,325	37,107
Cash flow	135,121	32,255
Investment in fixed assets	23,092	572,750
Change in cash	26,659	-
Working capital	-383,188	-500,985
Solvency	16.0%	3.9%
Current ratio	0.23	0.07
Quick ratio	0.11	0.01
Debt to equity	5.25	24.56
ROE	77.3%	78.6%
ROA	12.4%	3.1%
Interest coverage	71.73	over 100

Item	31-12-2025
Employees at the balance-sheet date	1
full-time	1
part-time	0
in full-time equivalents	1
Average over the year, in full-time equivalents	1.3
Joined	4
Left	3

Item	2025	2024
Tangible fixed assets	€23,092	€352,750
Intangible fixed assets	-	€220,000
Depreciation and write-downs of the year	€55,776	€13,939

CDR Group

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency16.0%

Current ratio0.23

Return on assets12.4%

Staff

Staff cost per FTE€26,286

Joined and left+1

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on CDR Group

Next steps