CRUMULI (0544.696.669): financials and annual accounts

CRUMULI

Blankenberge ·KBO/BCE: BE 0544.696.669

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Balance sheet: assets
Total assets`20/58`	50,327	51,794	28,543	34,856	31,739	17,474	19,122	6,725	42,927	50,199	60,394
Fixed assets`21/28`	34,538	41,595	9,753	13,236	15,497	7,784	4,859	-	22,270	33,337	40,372
Tangible fixed assets`22/27`	33,788	38,975	7,883	11,366	13,627	5,534	4,479	-	22,020	33,087	40,122
Land and buildings`22`	9,079	6,717	6,404	7,242	8,079	-	-	-	-	-	-
Plant, machinery and equipment`23`	756	1,027	755	330	532	222	521	-	22,020	33,087	38,825
Furniture and vehicles`24`	23,953	31,230	724	3,794	5,016	5,312	3,958	-	-	-	-
Financial fixed assets`28`	750	2,620	1,870	1,870	1,870	2,250	380	-	250	250	250
Current assets`29/58`	15,789	10,199	18,789	21,620	16,242	9,690	14,263	6,725	20,657	16,862	20,022
Stocks and contracts in progress`3`	6,558	5,098	4,311	6,080	6,001	5,610	4,922	-	6,400	6,283	7,547
Stocks`30/36`	6,558	5,098	4,311	6,080	6,001	5,610	4,922	-	6,400	6,283	7,547
Amounts receivable within one year`40/41`	5,831	1,123	5,833	6,812	3,399	1,945	4,402	6,725	2,209	4,515	4,163
Trade receivables`40`	5,831	1,123	5,833	6,038	3,168	1,829	-	-	1,697	4,167	2,592
Other amounts receivable`41`	-	-	0	775	231	116	4,402	6,725	512	348	1,572
Cash at bank and in hand`54/58`	2,743	1,424	7,925	8,001	6,255	1,602	4,325	-	12,049	6,064	8,312
Deferred charges and accrued income`490/1`	658	2,554	720	727	587	533	614	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	50,327	51,794	28,543	34,856	31,739	17,474	19,122	6,725	42,927	50,199	60,394
Equity`10/15`	-41,293	-41,357	-13,271	-2,256	22,071	6,270	8,376	6,725	5,133	4,285	9,082
Contributions`10/11`	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000	21,000
Issued capital`100`	-	-	-	-	-	-	21,000	21,000	21,000	21,000	21,000
Reserves`13`	-	-	-	0	1,071	-	-	-	-	-	-
Distributable reserves`133`	-	-	-	0	1,071	-	-	-	-	-	-
Profit (loss) carried forward`14`	-62,293	-62,357	-34,271	-23,256	-	-14,730	-12,624	-14,275	-15,867	-16,715	-11,918
Amounts payable`17/49`	91,620	93,151	41,814	37,112	9,668	11,205	10,746	-	37,794	45,914	51,312
Amounts payable after more than one year`17`	10,768	16,550	-	-	-	-	-	-	17,242	27,307	38,171
Financial debts`170/4`	10,768	16,550	-	-	-	-	-	-	17,242	27,307	38,171
Amounts payable within one year`42/48`	80,852	76,602	40,514	35,712	9,668	11,205	10,746	-	20,552	18,608	13,141
Current portion of amounts payable after more than one year`42`	5,317	4,909	-	-	-	-	-	-	10,065	10,865	11,446
Financial debts`43`	4,575	-	-	-	-	-	-	-	-	-	-
Credit institutions`430/8`	4,575	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	33,089	32,343	26,443	23,505	5,217	6,353	9,293	-	4,488	1,743	1,695
Suppliers`440/4`	33,089	32,343	26,443	23,505	5,217	6,353	9,293	-	4,488	1,743	1,695
Advances received on contracts in progress`46`	3,551	-	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	13,127	21,222	12,868	12,207	3,987	4,852	1,453	-	-	-	-
Taxes`450/3`	6,900	8,623	4,847	3,578	360	1,752	1,453	-	-	-	-
Remuneration and social security`454/9`	6,227	12,599	8,021	8,629	3,627	3,100	-	-	-	-	-
Other amounts payable`47/48`	21,194	18,128	1,202	0	464	-	-	-	6,000	6,000	-
Accrued charges and deferred income`492/3`	-	0	1,300	1,400	-	-	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	615	-	-	-	-	-
Gross operating margin`9900`	63,746	30,743	25,038	28,338	45,516	39,450	99,628	51,248	14,126	10,174	4,252
Remuneration, social security and pensions`62`	47,249	46,332	23,755	46,949	25,054	32,753	84,042	13,813	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	8,490	5,573	1,230	2,261	1,619	1,231	6,066	-	11,617	12,804	15,103
Other operating charges`640/8`	4,859	5,016	8,118	2,358	2,660	3,870	5,802	34,199	713	837	348
Non-recurring operating charges`66A`	91	0	1,670	-	-	1,882	-	50	-	-	-
Operating profit (loss)`9901`	3,058	-26,178	-9,735	-23,231	16,184	-286	3,718	3,187	1,796	-3,467	-11,199
Financial income`75/76B`	838	1,278	176	179	655	309	3	-	-	-	9
Recurring financial income`75`	838	1,278	176	179	655	309	3	-	-	-	9
Financial charges`65/66B`	3,691	3,047	1,322	1,156	852	1,954	704	1,594	948	1,330	726
Recurring financial charges`65`	3,691	3,047	1,322	1,156	852	1,954	704	1,594	948	1,330	726
Profit (loss) for the period before taxes`9903`	205	-27,946	-10,882	-24,208	15,986	-1,931	3,017	1,592	848	-4,797	-11,916
Income taxes`67/77`	141	140	133	120	184	176	1,366	-	-	-	2
Profit (loss) for the period`9904`	64	-28,086	-11,015	-24,327	15,802	-2,106	1,651	1,592	848	-4,797	-11,918
Profit (loss) for the period to be appropriated`9905`	64	-28,086	-11,015	-24,327	15,802	-2,106	1,651	1,592	848	-4,797	-11,918
Appropriation of the result
Profit (loss) to be appropriated`9906`	-62,293	-62,357	-34,271	-24,327	1,071	-14,730	-12,624	-14,275	-15,867	-16,715	-11,918
Profit (loss) brought forward from the previous period`14P`	-62,357	-34,271	-23,256	0	-14,730	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	0	1,071	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	0	1,071	-	-	-	-	-	-
To other reserves`6921`	-	-	-	0	1,071	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	4.8	3.8	1.2	1.9	1.6	2	2.3	0.2	-	-	-
Hours worked`1013`	2,310	2,209	1,169	2,517	1,214	1,563	4,411	357	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	26-03-2026	2026-00062755	PDF
31-12-2024	micro format	30-06-2025	2025-00195480	PDF
31-12-2023	micro format	01-07-2024	2024-00185482	PDF
31-12-2022	micro format	19-07-2023	2023-00249407	PDF
31-12-2021	micro format	23-06-2022	2022-20091150	PDF
31-12-2020	micro format	16-08-2021	2021-49100337	PDF
31-12-2019	abbreviated format	21-09-2020	2020-54200504	PDF
31-03-2018	abbreviated format	23-11-2018	2018-72800562	PDF
31-03-2017	abbreviated format	30-11-2017	2017-70800271	PDF
31-03-2016	abbreviated format	09-11-2016	2016-67700124	PDF
31-03-2015	abbreviated format	19-10-2015	2015-65300354	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EBITDA	11,547	-20,604	-8,505	-20,970	17,803	945	9,784	-	13,413	9,337	3,904
Cash flow	8,553	-22,512	-9,785	-22,066	17,421	-875	7,717	-	12,465	8,007	3,185
Investment in fixed assets (approximation)	3,600	37,415	1,348	0	9,713	7,489	10,545	-	550	5,770	55,475
Change in cash	1,318	-6,501	-76	1,746	4,653	-2,723	-	-	5,984	-2,247	-
Working capital	-65,063	-66,402	-21,725	-14,092	6,574	-1,514	3,517	-	105	-1,746	6,881
Solvency	-82.0%	-79.8%	-46.5%	-6.5%	69.5%	35.9%	43.8%	100.0%	12.0%	8.5%	15.0%
Current ratio	0.20	0.13	0.46	0.61	1.68	0.86	1.33	-	1.01	0.91	1.52
Quick ratio	0.11	0.07	0.36	0.44	1.06	0.36	0.87	-	0.69	0.57	0.95
Debt to equity	-	-	-	-	0.44	1.79	1.28	-	7.36	10.72	5.65
ROE	-	-	-	-	71.6%	-33.6%	19.7%	23.7%	16.5%	-111.9%	-131.2%
ROA	0.1%	-54.2%	-38.6%	-69.8%	49.8%	-12.1%	8.6%	23.7%	2.0%	-9.6%	-19.7%
Interest coverage	3.13	-6.76	-6.43	-18.14	20.89	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	1	-	1	1	2
full-time	0	-	1	1	1
part-time	1	-	0	0	1
in full-time equivalents	0.4	-	1	1	1.4
Average over the year, in full-time equivalents	1.5	1.7	0.8	1.9	1.6
On a permanent contract	-	-	1	1	2
Joined	13	12	4	6	3
Left	12	13	4	7	2

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€3,600	€36,665	€1,348	-	€9,713
Financial fixed assets	€0	€750	-	-	-
Depreciation and write-downs of the year	€8,490	€5,573	€1,230	€2,261	€1,619

CRUMULI

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-82.0%

Current ratio0.20

Return on assets0.1%

Staff

Staff cost per FTE€9,843

Joined and left+1

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022, 1 entry, €660 awarded, €660 paid

Key figures and ratios

Social balance sheet

Investments

Insights on CRUMULI

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