COMPAL (0422.660.177): financials and annual accounts

COMPAL

Ixelles ·KBO/BCE: BE 0422.660.177

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`	1.2m	768,348	801,478	872,063	913,572	706,090	703,325	734,817	730,303	807,961	814,567	782,927	758,435	777,172	826,808	836,839	849,728	883,229	885,974	729,040
Formation expenses`20`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Fixed assets`21/28`	821,164	684,167	751,875	785,898	822,223	642,715	658,672	668,456	674,660	689,110	707,763	727,189	747,279	767,878	789,713	809,553	833,829	853,883	868,973	684,991
Tangible fixed assets`22/27`	815,494	678,497	746,205	780,227	819,252	639,695	655,652	665,436	671,640	686,090	704,743	724,169	744,259	764,858	787,293	807,133	831,409	851,463	866,553	682,610
Land and buildings`22`	789,586	637,241	705,437	728,307	751,176	620,166	635,779	651,392	667,005	682,618	700,561	719,563	738,566	757,840	780,700	802,943	826,988	847,523	862,317	674,770
Plant, machinery and equipment`23`	14,239	17,780	5,366	7,534	11,613	15,838	15,747	10,193	3,192	1,459	1,763	2,232	2,740	3,486	4,083	1,755	1,952	2,354	3,150	5,271
Furniture and vehicles`24`	11,669	23,475	35,401	44,386	56,464	3,692	4,127	3,850	1,442	2,012	2,419	2,374	2,953	3,531	2,511	2,435	2,468	1,586	1,085	2,569
Financial fixed assets`28`	5,670	5,670	5,670	5,670	2,970	3,020	3,020	3,020	3,020	3,020	3,020	3,020	3,020	3,020	2,420	2,420	2,420	2,420	2,420	2,381
Current assets`29/58`	336,308	84,181	49,603	86,165	91,349	63,376	44,653	66,361	55,643	118,852	106,804	55,738	11,155	9,294	37,095	27,286	15,899	29,346	17,002	44,049
Amounts receivable within one year`40/41`	34,303	14,983	9,166	30,587	64,638	7,194	20,014	10,517	22,368	19,633	35,171	17,654	4,783	1,543	29,526	18,510	12,189	21,071	13,125	37,822
Trade receivables`40`	8,603	6,164	-	16,179	54,099	6,730	20,010	4,300	16,862	15,497	27,614	17,654	1,447	1,543	29,526	15,583	4,695	18,094	12,195	27,145
Other amounts receivable`41`	25,700	8,818	9,166	14,408	10,539	464	4	6,217	5,506	4,136	7,557	-	3,336	-	0	2,927	7,494	2,978	930	10,677
Current investments`50/53`	295,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	5,667	67,914	39,244	53,999	25,403	55,628	24,639	55,844	33,275	99,219	71,633	38,084	6,373	7,751	7,569	8,776	3,710	8,275	3,876	6,227
Deferred charges and accrued income`490/1`	1,338	1,285	1,193	1,579	1,308	554	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.2m	768,348	801,478	872,063	913,572	706,090	703,325	734,817	730,303	807,961	814,567	782,927	758,435	777,172	826,808	836,839	849,728	883,229	885,974	729,040
Equity`10/15`	557,712	383,263	272,245	293,923	317,822	289,311	280,201	311,354	306,907	293,371	252,852	214,332	155,881	150,583	162,186	150,852	165,477	212,840	238,454	297,161
Contributions`10/11`	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300
Capital`10`	-	410,300	410,300	410,300	410,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	-	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300	410,300
Reserves`13`	340,527	128,915	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	340,527	128,915	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	-193,115	-155,952	-138,055	-116,377	-92,478	-120,989	-130,099	-98,946	-103,393	-116,929	-157,448	-195,968	-254,419	-259,717	-248,114	-259,448	-244,823	-197,460	-171,846	-113,139
Provisions and deferred taxes`16`	113,509	42,972	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred taxes`168`	113,509	42,972	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	486,251	342,114	529,233	578,139	595,750	416,779	423,125	423,462	423,396	514,591	561,715	568,595	602,553	626,589	664,623	685,987	684,251	670,389	647,520	431,879
Amounts payable after more than one year`17`	685	8,851	16,929	24,921	-	1,520	-	708	8,977	16,846	24,333	34,287	53,131	80,510	106,644	131,585	158,284	184,128	208,902	232,625
Financial debts`170/4`	-	-	-	24,921	-	-	-	708	8,977	16,846	24,333	34,287	53,131	80,510	106,644	131,585	158,284	184,128	208,902	232,625
Trade debts`175`	685	8,851	16,929	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts payable`178/9`	-	-	-	-	-	1,520	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	482,583	329,333	512,304	553,218	595,750	415,259	423,125	421,364	414,419	497,745	537,382	534,308	540,082	533,349	557,979	554,402	525,967	486,262	438,618	199,254
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	708	8,269	7,869	7,487	9,955	19,091	27,532	26,198	24,914	26,650	25,748	24,630	23,538	22,561
Financial debts`43`	8,166	8,079	7,992	7,906	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit institutions`430/8`	8,166	8,079	7,992	7,906	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	333	6,304	3,643	18,659	71,684	10,373	23,859	11,035	13,286	15,075	19,583	15,909	14,407	17,096	7,767	11,559	20,742	23,152	5,328	-
Suppliers`440/4`	333	6,304	3,643	18,659	71,684	10,373	23,859	11,035	13,286	15,075	19,583	15,909	14,407	17,096	7,767	11,559	20,742	23,152	5,328	-
Advances received on contracts in progress`46`	10,213	-	15,975	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	9,768	2,861	-	314	1,926	-	1,999	-	-	-	-	1,083	-	1,079	2,325	-	-	-	-	-
Taxes`450/3`	9,768	2,861	-	314	1,926	-	1,999	-	-	-	-	1,083	-	1,079	2,325	-	-	-	-	-
Other amounts payable`47/48`	454,103	312,089	484,694	526,339	522,140	404,887	396,559	402,061	393,265	475,183	507,844	498,224	498,143	488,975	522,974	516,194	479,478	438,480	409,753	176,693
Accrued charges and deferred income`492/3`	2,983	3,930	-	-	-	-	-	1,390	-	-	-	-	9,340	12,730	-	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	292,482	174,943	4,191	2,538	-	-	-	-	70	794	60	-	-	2,159	-	974	-	-	449	2,428
Gross operating margin`9900`	335,931	213,909	47,938	112,283	127,008	80,147	73,265	128,746	136,943	167,649	167,682	184,362	133,331	122,685	141,821	115,632	100,815	108,379	56,301	84,159
Remuneration, social security and pensions`62`	-	-	-	69,200	30,943	24,387	60,076	80,350	83,075	84,128	83,336	79,733	80,940	66,129	58,362	47,309	55,160	41,619	6,583	11,261
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	47,380	34,716	36,779	39,025	29,252	21,326	22,102	19,474	16,839	18,752	19,939	20,090	20,599	25,536	25,301	24,894	25,477	25,942	27,636	23,849
Other operating charges`640/8`	14,843	15,070	21,932	16,356	11,134	13,413	13,577	12,228	10,432	10,377	10,494	8,936	10,676	10,000	9,422	9,679	9,438	9,761	37,723	7,481
Operating charges capitalised as restructuring costs`649`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Operating profit (loss)`9901`	273,708	164,124	-10,773	-12,299	55,680	21,021	-22,490	16,693	26,597	54,392	53,913	75,603	21,116	21,020	48,737	33,751	10,739	31,058	-15,641	41,568
Financial income`75/76B`	2	0	-	-	-	192	-	-	70	834	7	12	4	140	6	288	2	1	11	4
Recurring financial income`75`	2	0	-	-	-	64	-	-	-	40	7	12	4	140	6	288	2	1	11	4
Non-recurring financial income`76B`	-	-	-	-	-	127	-	-	70	794	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	28,545	9,925	10,906	11,285	19,124	12,102	8,664	12,245	13,131	14,708	15,458	17,165	15,822	34,921	37,409	49,638	58,103	56,673	43,526	25,403
Recurring financial charges`65`	28,545	9,925	10,906	11,285	14,204	12,102	8,664	12,245	13,131	14,708	15,458	17,165	15,822	34,921	37,409	49,638	58,103	56,673	43,526	25,403
Non-recurring financial charges`66B`	-	-	-	-	4,920	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	245,164	154,199	-21,679	-23,584	36,556	9,111	-31,154	4,448	13,536	40,518	38,521	58,450	5,298	-11,602	11,333	-14,625	-47,363	-25,614	-58,707	18,597
Transfer from deferred taxes`780`	2,583	343	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to deferred taxes`680`	73,121	43,315	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes`67/77`	177	209	-	314	1,926	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period`9904`	174,450	111,018	-21,679	-23,898	34,631	9,111	-31,154	4,448	13,536	40,518	38,521	58,450	5,298	-11,602	11,333	-14,625	-47,363	-25,614	-58,707	18,597
Transfer from tax-exempt reserves`789`	7,749	1,030	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	219,362	129,945	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	-37,163	-17,897	-21,679	-23,898	34,631	9,111	-31,154	4,448	13,536	40,518	38,521	58,450	5,298	-11,602	11,333	-14,625	-47,363	-25,614	-58,707	18,597
Appropriation of the result
Profit (loss) to be appropriated`9906`	-193,115	-155,952	-138,055	-116,377	-92,478	-120,989	-130,099	-98,946	-103,393	-116,929	-157,448	-195,968	-254,419	-259,717	-248,114	-259,448	-244,823	-197,460	-171,846	-113,139
Profit (loss) brought forward from the previous period`14P`	-155,952	-138,055	-116,377	-92,478	-127,109	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	0.6	1	-	-	0.1	0.2	0.2	0.2	0.3	0.3	0.5	0.5	0.4	0.4	0.3	0.2	0
Hours worked`1013`	-	-	-	1,500	2,000	-	-	225	445	513	513	603	601	844	761	742	760	641	0	0
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Financial year	Type	Filed	Reference	Document
30-12-2025	micro format	09-04-2026	2026-00075926	PDF
30-12-2024	micro format	23-06-2025	2025-00191333	PDF
30-12-2023	micro format	30-07-2024	2024-00323709	PDF
30-12-2022	micro format	26-07-2023	2023-00290084	PDF
30-12-2021	micro format	07-07-2022	2022-20176596	PDF
30-12-2020	micro format	31-07-2021	2021-45900261	PDF
30-12-2019	micro format	31-07-2020	2020-37600232	PDF
30-12-2018	micro format	27-06-2019	2019-24700548	PDF
30-12-2017	abbreviated format	28-06-2018	2018-25200460	PDF
30-12-2016	abbreviated format	29-06-2017	2017-24200505	PDF
30-12-2015	abbreviated format	27-06-2016	2016-23800223	PDF
30-12-2014	abbreviated format	11-07-2015	2015-30500096	PDF
30-12-2013	abbreviated format	28-06-2014	2014-25400506	PDF
30-12-2012	abbreviated format	30-07-2013	2013-37900590	PDF
30-12-2011	abbreviated format	13-06-2012	2012-17300295	PDF
30-12-2010	abbreviated format	08-07-2011	2011-28000286	PDF
30-12-2009	abbreviated format	28-06-2010	2010-24000475	PDF
30-12-2008	abbreviated format	27-06-2009	2009-33100270	PDF
30-12-2007	abbreviated format	26-06-2008	2008-30000048	PDF
30-12-2006	abbreviated format	07-08-2007	2007-54600247	PDF
30-12-2005	abbreviated format	27-07-2006	2006-56101704	PDF
30-12-2004	abbreviated format	28-06-2005	2005-35202967	PDF
30-12-2003	abbreviated format	15-06-2004	2004-24503305	PDF
30-12-2002	abbreviated format	20-06-2003	2003-27200196	PDF
30-12-2001	abbreviated format	01-07-2002	2002-31004213	PDF
30-12-2000	abbreviated format	30-07-2001	2001-45004020	PDF
30-12-1999	abbreviated format	02-08-2000	2000-48802173	PDF
30-12-1998	abbreviated format	15-06-1999	1999-18104305	PDF
30-12-1997	abbreviated format	30-06-1998	1998-26004935	PDF
30-12-1996	abbreviated format	08-06-1998	1998-14601880	PDF
30-12-1995	abbreviated format	26-07-1996	1996-36804004	PDF
30-12-1994	abbreviated format	03-08-1995	1995-44202751	PDF
30-12-1993	abbreviated format	16-06-1994	1994-15504783	PDF
30-12-1992	abbreviated format	14-06-1994	1994-14604012	PDF
30-12-1991	abbreviated format	14-06-1994	1994-14604276	PDF
30-12-1990	abbreviated format	05-09-1991	1991-24402996	PDF
30-12-1989	abbreviated format	27-07-1990	1990-19604565	PDF
30-12-1988	abbreviated format	14-08-1989	1989-20205056	PDF
30-12-1987	abbreviated format	30-06-1988	1988-12501016	PDF
30-12-1986	abbreviated format	17-06-1987	1987-10502262	PDF
31-12-1985	abbreviated format	24-06-1986	1986-18200237	PDF
31-12-1984	full format	08-07-1985	1985-20902473	PDF
30-12-1983	unclassified schema	26-07-1984	1984-11200667	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	321,087	198,839	26,006	26,727	84,932	42,348	-388	36,167	43,436	73,144	73,852	95,693	41,715	46,556	74,037	58,644	36,216	56,999	11,995	65,417
Cash flow	221,829	145,734	15,101	15,127	63,882	30,437	-9,052	23,922	30,374	59,271	58,460	78,540	25,897	13,934	36,634	10,269	-21,886	328	-31,071	42,446
Investment in fixed assets (approximation)	201,894	43,748	2,757	2,700	54,929	6,332	12,352	13,323	2,515	99	701	0	0	3,701	5,460	618	5,992	10,951	211,618	169
Change in cash	-62,246	28,670	-14,755	28,596	-30,224	30,988	-31,205	22,569	-65,944	27,585	33,550	31,711	-1,379	182	-1,207	5,065	-4,564	4,399	-2,351	-
Working capital	-146,275	-245,151	-462,701	-467,053	-504,401	-351,884	-378,472	-355,004	-358,776	-378,893	-430,578	-478,571	-528,927	-524,055	-520,884	-527,116	-510,068	-456,915	-421,617	-155,205
Solvency	48.2%	49.9%	34.0%	33.7%	34.8%	41.0%	39.8%	42.4%	42.0%	36.3%	31.0%	27.4%	20.6%	19.4%	19.6%	18.0%	19.5%	24.1%	26.9%	40.8%
Current ratio	0.70	0.26	0.10	0.16	0.15	0.15	0.11	0.16	0.13	0.24	0.20	0.10	0.02	0.02	0.07	0.05	0.03	0.06	0.04	0.22
Debt to equity	0.87	0.89	1.94	1.97	1.87	1.44	1.51	1.36	1.38	1.75	2.22	2.65	3.87	4.16	4.10	4.55	4.14	3.15	2.72	1.45
ROE	31.3%	29.0%	-8.0%	-8.1%	10.9%	3.1%	-11.1%	1.4%	4.4%	13.8%	15.2%	27.3%	3.4%	-7.7%	7.0%	-9.7%	-28.6%	-12.0%	-24.6%	6.3%
ROA	15.1%	14.4%	-2.7%	-2.7%	3.8%	1.3%	-4.4%	0.6%	1.9%	5.0%	4.7%	7.5%	0.7%	-1.5%	1.4%	-1.7%	-5.6%	-2.9%	-6.6%	2.6%
Interest coverage	11.25	20.03	2.38	2.37	5.98	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	30-12-2022	30-12-2021
Employees at the balance-sheet date	-	1
full-time	-	1
in full-time equivalents	-	1
Average over the year, in full-time equivalents	0.6	1
On a permanent contract	-	1

Item	30-12-2025	30-12-2024	30-12-2023	30-12-2022	30-12-2021
Tangible fixed assets	€201,894	€43,748	€2,757	-	€54,929
Depreciation and write-downs of the year	€47,380	€34,716	€36,779	€39,025	€29,252

COMPAL

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency48.2%

Current ratio0.70

Return on assets15.1%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on COMPAL

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