Corbit (0461.134.931): financials and annual accounts

Corbit

Ghent ·KBO/BCE: BE 0461.134.931

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`	636,464	631,278	441,919	870,310	576,076	336,617	370,947	430,984	407,438	369,737	334,539	370,468	381,941	364,653	19,897	24,105	25,296	20,828	43,983	234,701
Fixed assets`21/28`	165,606	240,365	185,337	182,759	214,472	156,190	169,549	180,164	190,778	192,054	203,656	222,228	224,558	210,101	457	1,301	1,884	2,437	428	18,848
Intangible fixed assets`21`	60,538	77,618	3,052	4,060	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	105,006	162,684	182,222	177,626	213,615	155,367	168,789	179,404	190,018	191,294	203,656	222,228	224,558	210,101	457	1,301	1,884	2,437	428	18,848
Land and buildings`22`	61,965	93,302	106,734	120,849	156,436	147,492	157,814	168,135	178,456	188,777	199,099	209,420	212,901	209,891	-	-	-	-	-	-
Plant, machinery and equipment`23`	2,590	3,607	5,851	6,288	1,417	61	122	182	298	900	1,880	6,732	10,699	210	-	-	-	214	428	-
Furniture and vehicles`24`	40,450	31,692	30,570	6,645	7,143	7,814	10,854	11,087	11,264	1,617	2,677	6,076	957	-	457	1,301	1,884	2,223	-	18,848
Leasing and similar rights`25`	0	34,084	39,068	43,844	48,620	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	63	63	63	1,073	858	823	760	760	760	760	-	-	-	-	-	-	-	-	-	-
Current assets`29/58`	470,858	390,912	256,582	687,551	361,603	180,428	201,398	250,819	216,660	177,683	130,883	148,240	157,383	154,552	19,440	22,805	23,412	18,391	43,555	215,853
Stocks and contracts in progress`3`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,500	15,500	13,500	7,000	3,000	101,545
Stocks`30/36`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	2,000	3,000	3,000	3,000	101,545
Contracts in progress`37`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,500	13,500	10,500	4,000	-	-
Amounts receivable within one year`40/41`	228,033	105,999	56,552	541,975	134,379	124,911	112,297	133,607	136,788	122,564	84,978	89,875	82,078	54,868	4,203	7,108	2,423	733	32,632	83,260
Trade receivables`40`	214,301	99,001	55,863	541,975	110,091	124,911	100,527	117,415	127,891	119,721	82,042	85,089	82,041	23,086	4,203	6,370	2,224	733	32,223	75,061
Other amounts receivable`41`	13,732	6,999	689	-	24,288	-	11,770	16,193	8,897	2,843	2,935	4,785	37	31,781	-	738	198	-	409	8,199
Cash at bank and in hand`54/58`	141,658	212,474	181,071	135,504	216,565	54,210	80,951	59,800	65,228	31,886	13,836	18,999	30,037	48,155	425	84	7,489	10,658	7,425	31,049
Deferred charges and accrued income`490/1`	101,167	72,438	18,959	10,072	10,659	1,307	8,151	57,412	14,644	23,233	32,069	39,366	45,267	51,529	312	112	-	-	498	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	636,464	631,278	441,919	870,310	576,076	336,617	370,947	430,984	407,438	369,737	334,539	370,468	381,941	364,653	19,897	24,105	25,296	20,828	43,983	234,701
Equity`10/15`	231,447	227,577	159,405	126,182	81,843	30,472	14,680	13,084	9,174	-21,337	-48,465	-33,207	-14,505	3,975	10,125	14,020	13,360	13,281	13,098	-40,831
Contributions`10/11`	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Issued capital`100`	-	-	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Reserves`13`	208,985	140,813	140,813	107,590	63,251	11,880	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
Legal reserve`130`	-	-	-	-	-	-	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
Distributable reserves`133`	208,985	140,813	140,813	107,590	63,251	11,880	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	3,870	68,172	-	-	-	-	-5,771	-7,367	-11,278	-41,788	-68,916	-53,658	-34,956	-16,476	-10,326	-6,431	-7,092	-7,170	-7,353	-61,282
Amounts payable`17/49`	405,017	403,701	282,514	744,128	494,232	306,146	356,267	417,900	398,265	391,074	383,004	403,674	396,446	360,677	9,772	10,085	11,937	7,547	30,885	275,532
Amounts payable after more than one year`17`	22,230	47,834	76,456	104,643	132,402	113,109	180,376	207,110	226,348	248,914	267,302	291,223	311,325	331,427	-	-	-	-	3,729	136,492
Financial debts`170/4`	22,230	47,834	76,456	104,643	132,402	113,109	180,376	207,110	226,348	248,914	267,302	291,223	311,325	331,427	-	-	-	-	3,729	136,492
Amounts payable within one year`42/48`	382,787	355,867	206,059	332,836	361,831	188,880	172,055	207,008	165,163	135,912	106,253	102,995	84,612	29,250	9,772	10,085	11,937	7,547	27,156	139,039
Current portion of amounts payable after more than one year`42`	18,739	28,622	28,187	28,574	27,338	17,352	17,880	19,238	19,238	20,059	20,059	20,102	20,102	20,102	-	-	-	3,518	5,814	8,552
Financial debts`43`	1,427	1,590	-	8,790	8,769	-	-	-	-	-	-	-	-	-	-	27	-	-	7,377	-
Credit institutions`430/8`	1,278	1,578	-	8,790	8,769	-	-	-	-	-	-	-	-	-	-	27	-	-	7,377	-
Other loans`439`	149	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	201,178	163,148	105,256	168,625	275,123	131,908	138,124	171,203	136,070	111,582	68,627	52,324	36,860	8,518	16	1,306	177	2,210	12,018	92,348
Suppliers`440/4`	201,178	163,148	105,256	168,625	275,123	131,908	138,124	171,203	136,070	111,582	68,627	52,324	36,860	8,518	16	1,306	177	2,210	12,018	92,348
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,371	-	-	-
Taxes, remuneration and social security`45`	161,443	126,696	41,203	110,884	44,416	36,255	13,996	14,557	7,532	3,940	16,615	29,263	26,202	631	9,756	8,752	3,388	1,819	1,602	16,276
Taxes`450/3`	75,934	54,571	8,930	67,587	10,085	18,880	3,034	6,236	3,351	2,498	2,872	6,582	7,366	631	861	1,117	888	1,819	148	8,004
Remuneration and social security`454/9`	85,509	72,125	32,273	43,298	34,331	17,376	10,962	8,321	4,180	1,441	13,743	22,681	18,836	-	8,895	7,635	2,500	-	1,454	8,272
Other amounts payable`47/48`	0	35,811	31,412	15,963	6,185	3,365	2,055	2,010	2,324	332	953	1,306	1,447	-	-	-	-	-	344	21,862
Accrued charges and deferred income`492/3`	-	-	-	306,649	-	4,157	3,836	3,782	6,754	6,247	9,449	9,457	510	-	-	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	2,599	-	-	-	-	-	-	-	-	338	-	-	-	1,960	-	-	-	-	50,000	-
Gross operating margin`9900`	673,454	721,639	397,404	306,243	284,258	136,493	88,221	84,110	88,435	55,689	63,599	121,745	89,536	14,328	-1,249	4,700	4,235	6,354	60,912	112,267
Remuneration, social security and pensions`62`	582,905	570,513	303,766	186,068	192,181	89,360	56,831	52,711	31,579	7,220	47,013	110,925	83,612	-	-	-	-	-	45,315	92,957
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	65,846	34,695	26,631	45,194	17,047	14,661	14,706	14,532	14,655	12,378	19,109	19,000	14,469	17,142	457	1,955	1,712	1,325	214	7,900
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	150	4,057	-	-	2,088	2,767	-	-	-	-	-	-	-	-	-	2,600	-	-
Other operating charges`640/8`	6,095	4,129	3,017	4,092	2,719	2,249	8,666	2,150	2,213	1,960	3,723	1,712	470	523	1,622	1,637	1,568	1,532	2,267	3,320
Non-recurring operating charges`66A`	5,249	-	-	-	-	-	-	-	-	-	-	-	-	257	387	-	-	-	-	-
Operating profit (loss)`9901`	13,359	112,302	63,841	66,832	72,310	30,224	5,930	11,949	39,988	34,131	-6,246	-9,893	-9,015	-3,337	-3,328	1,109	955	897	13,117	8,089
Financial income`75/76B`	474	615	6,659	425	2,535	28	2,736	85	132	3	619	37	45	3	-	-	0	49	1,749	2,732
Recurring financial income`75`	474	615	6,659	425	2,535	28	2,736	85	132	3	619	37	45	3	-	-	0	49	1,749	2,732
Financial charges`65/66B`	2,500	4,558	6,934	6,319	3,625	7,222	5,258	5,156	7,305	7,006	9,631	8,846	9,514	4,390	180	448	876	764	10,937	9,805
Recurring financial charges`65`	2,500	4,558	6,934	6,319	3,625	7,222	5,258	5,156	7,305	7,006	9,631	8,846	9,514	4,390	180	448	876	764	10,937	9,805
Profit (loss) for the period before taxes`9903`	11,332	108,359	63,565	60,938	71,220	23,030	3,407	6,878	32,815	27,128	-15,258	-18,701	-18,483	-6,021	-3,895	660	79	183	53,929	1,016
Income taxes`67/77`	7,462	40,187	14,342	16,600	19,849	7,239	1,811	2,968	2,305	0	0	-	-3	129	-	-	-	-	-	-
Profit (loss) for the period`9904`	3,870	68,172	49,223	44,339	51,371	15,791	1,596	3,910	30,511	27,128	-15,258	-18,701	-18,481	-6,150	-3,895	660	79	183	53,929	1,016
Profit (loss) for the period to be appropriated`9905`	3,870	68,172	49,223	44,339	51,371	15,791	1,596	3,910	30,511	27,128	-15,258	-18,701	-18,481	-6,150	-3,895	660	79	183	53,929	1,016
Appropriation of the result
Profit (loss) to be appropriated`9906`	3,870	68,172	49,223	44,339	51,371	10,021	-5,771	-7,367	-11,278	-41,788	-68,916	-53,658	-34,956	-16,476	-10,326	-6,431	-7,092	-7,170	-7,353	-61,282
Transfer to equity`691/2`	0	-	33,223	44,339	51,371	10,021	-	-	-	-	-	-	-	-	-	-	-	-	-	-
To other reserves`6921`	0	-	33,223	44,339	51,371	10,021	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	-	-	16,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Directors or managers`695`	-	-	16,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	9.1	8.2	6.2	4.5	4.1	2.2	1.7	0.7	1.2	0.2	0.8	2.2	1.7	-	-	-	-	-	1.4	3
Hours worked`1013`	13,937	12,664	9,218	6,019	6,827	2,774	2,941	965	2,114	419	1,343	3,463	2,789	-	-	-	-	-	2,574	5,177
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	29-06-2026	2026-00209783	PDF
31-12-2024	abbreviated format	26-06-2025	2025-00184375	PDF
31-12-2023	abbreviated format	05-07-2024	2024-00233818	PDF
31-12-2022	micro format	26-07-2023	2023-00271673	PDF
31-12-2021	micro format	29-08-2022	2022-20412764	PDF
31-12-2020	micro format	26-08-2021	2021-54700545	PDF
31-12-2019	micro format	08-12-2020	2020-74900573	PDF
31-12-2018	micro format	30-08-2019	2019-55100089	PDF
31-12-2017	micro format	29-08-2018	2018-51600255	PDF
31-12-2016	micro format	31-08-2017	2017-52700540	PDF
31-12-2015	abbreviated format	29-08-2016	2016-48000387	PDF
31-12-2014	abbreviated format	30-09-2015	2015-61100560	PDF
31-12-2013	abbreviated format	28-08-2014	2014-48400349	PDF
31-12-2012	abbreviated format	30-08-2013	2013-50300305	PDF
31-12-2011	abbreviated format	12-06-2012	2012-16700262	PDF
31-12-2010	abbreviated format	06-07-2011	2011-26600235	PDF
31-12-2009	abbreviated format	14-06-2010	2010-17400210	PDF
31-12-2008	abbreviated format	25-06-2009	2009-30200170	PDF
31-12-2007	abbreviated format	18-07-2008	2008-43300232	PDF
31-12-2006	abbreviated format	23-07-2007	2007-44900352	PDF
31-12-2005	abbreviated format	22-06-2006	2006-30002126	PDF
31-12-2004	abbreviated format	24-06-2005	2005-33302274	PDF
31-12-2003	abbreviated format	29-06-2004	2004-35300596	PDF
31-12-2002	abbreviated format	01-07-2003	2003-36603437	PDF
31-12-2001	abbreviated format	02-07-2002	2002-32302704	PDF
31-12-2000	abbreviated format	24-07-2001	2001-42003720	PDF
31-12-1999	abbreviated format	25-07-2000	2000-45703022	PDF
31-12-1998	abbreviated format	28-07-1999	1999-37600578	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	79,204	146,997	90,471	112,026	89,357	44,884	20,636	26,481	54,643	46,509	12,863	9,108	5,454	13,805	-2,871	3,063	2,667	2,222	13,331	15,990
Cash flow	69,715	102,867	75,854	89,533	68,418	30,452	16,303	18,443	45,165	39,506	3,851	299	-4,012	10,992	-3,438	2,615	1,791	1,508	54,143	8,916
Investment in fixed assets (approximation)	91,720	95,555	30,219	13,515	75,330	1,302	4,091	3,918	13,379	1,024	537	16,670	28,926	227,243	-387	1,371	1,160	3,334	642	14,799
Change in cash	-70,817	31,403	45,567	-81,061	162,356	-26,741	21,151	-5,428	33,341	18,050	-5,163	-11,038	-18,118	47,730	341	-7,405	-3,169	3,233	-23,624	-
Working capital	88,070	35,045	50,524	354,715	-228	-8,452	29,343	43,811	51,497	41,771	24,630	45,246	72,772	125,301	9,668	12,719	11,475	10,844	16,399	76,814
Solvency	36.4%	36.1%	36.1%	14.5%	14.2%	9.1%	4.0%	3.0%	2.3%	-5.8%	-14.5%	-9.0%	-3.8%	1.1%	50.9%	58.2%	52.8%	63.8%	29.8%	-17.4%
Current ratio	1.23	1.10	1.25	2.07	1.00	0.96	1.17	1.21	1.31	1.31	1.23	1.44	1.86	5.28	1.99	2.26	1.96	2.44	1.60	1.55
Quick ratio	1.23	1.10	1.25	2.07	1.00	0.96	1.17	1.21	1.31	1.31	1.23	1.44	1.86	5.28	0.51	0.72	0.83	1.51	1.49	0.82
Debt to equity	1.75	1.77	1.77	5.90	6.04	10.05	24.27	31.94	43.41	-	-	-	-	90.73	0.97	0.72	0.89	0.57	2.36	-
ROE	1.7%	30.0%	30.9%	35.1%	62.8%	51.8%	10.9%	29.9%	332.6%	-	-	-	-	-154.7%	-38.5%	4.7%	0.6%	1.4%	411.7%	-
ROA	0.6%	10.8%	11.1%	5.1%	8.9%	4.7%	0.4%	0.9%	7.5%	7.3%	-4.6%	-5.0%	-4.8%	-1.7%	-19.6%	2.7%	0.3%	0.9%	122.6%	0.4%
Interest coverage	31.68	32.25	13.05	17.73	24.65	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	9	9	6	6	4
full-time	8	8	6	5	4
part-time	1	1	-	1	-
in full-time equivalents	8.9	8.9	6	5.3	4
Average over the year, in full-time equivalents	9.1	8.2	6.2	4.5	4.1
On a permanent contract	9	9	6	5	4
Joined	2	9	8	5	3
Left	2	1	7	3	3
Training hours	-	767	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€91,720	€15,193	€30,219	€8,225	€75,295
Intangible fixed assets	-	€80,362	-	€5,040	-
Financial fixed assets	€0	-	-	€250	€35
Depreciation and write-downs of the year	€65,846	€34,695	€26,631	€45,194	€17,047

Corbit

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency36.4%

Current ratio1.23

Return on assets0.6%

Staff

Staff cost per FTE€64,056

Joined and left+0

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Public contracts

Insights on Corbit

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