CTL DISTRIBUTION (0898.768.544): financials and annual accounts

CTL DISTRIBUTION

Forest ·KBO/BCE: BE 0898.768.544

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Balance sheet: assets
`20/58`	1.0m	858,103	947,285	850,228	375,285	375,285	384,751	400,239	450,165	548,466	550,069	724,573	676,606	734,719	753,268	728,266	687,711
`20`	-	-	-	-	-	-	-	-	292	585	877	1,169	1,462	1,754	2,046	2,338	2,631
`21/28`	212,961	233,080	267,859	304,857	11,205	11,205	14,435	28,578	76,138	126,730	149,052	186,540	233,933	256,378	294,273	316,430	365,055
`22/27`	212,961	233,080	267,859	304,857	11,205	11,205	14,435	28,578	76,138	126,730	148,175	185,371	232,471	254,624	292,227	314,092	362,424
`23`	212,961	232,538	266,428	302,537	7,213	7,213	5,330	9,110	46,306	83,502	120,699	157,895	195,091	232,287	253,513	267,749	300,754
`24`	-	542	1,431	2,320	3,992	3,992	2,247	5,756	9,265	15,806	27,476	27,476	37,380	22,337	38,714	46,343	61,670
`29/58`	808,122	625,023	679,426	545,371	364,080	364,080	370,316	371,662	373,735	421,151	401,017	538,033	442,673	478,341	458,995	411,836	322,656
`3`	156,261	144,377	155,528	143,908	156,849	156,849	145,553	130,638	122,751	136,172	121,602	224,102	196,694	169,256	150,890	113,657	103,752
`30/36`	156,261	144,377	155,528	143,908	156,849	156,849	145,553	130,638	122,751	136,172	121,602	224,102	196,694	169,256	150,890	113,657	103,752
`40/41`	283,588	264,275	406,679	260,077	49,090	49,090	9,079	368	222	17,169	18,591	6,860	15,508	-	-	1,022	50,656
`40`	6,108	5,222	67,236	42,694	28,267	28,267	-	-	-	1,886	-	-	-	-	-	-	-
`41`	277,480	259,053	339,443	217,383	20,823	20,823	9,079	368	222	15,283	18,591	6,860	15,508	-	-	1,022	50,656
`54/58`	334,170	206,809	93,371	135,265	157,216	157,216	215,684	240,656	250,511	267,656	260,824	307,071	230,471	309,085	308,105	297,157	168,248
`490/1`	34,103	9,562	23,847	6,121	925	925	-	-	252	153	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
`10/49`	1.0m	858,103	947,285	850,228	375,285	375,285	384,751	400,239	450,165	548,466	550,069	724,573	676,606	734,719	753,268	728,266	687,711
`10/15`	245,237	199,027	170,222	155,071	72,578	72,578	91,931	98,886	89,095	133,342	129,554	174,528	163,125	210,227	235,482	189,660	112,696
`10/11`	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000
`100`	-	-	-	-	-	-	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000
`13`	158,000	8,000	8,000	8,000	8,000	8,000	8,000	58,000	58,000	58,000	58,000	58,000	58,000	58,000	58,000	8,000	-
`130/1`	-	8,000	8,000	8,000	8,000	8,000	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	-
`1311`	-	8,000	8,000	8,000	8,000	8,000	-	-	-	-	-	-	-	-	-	-	-
`133`	158,000	-	-	-	-	-	-	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	-	-
`14`	7,237	111,027	82,222	67,071	-16,414	-16,414	2,444	-41,097	-51,384	-11,508	-20,470	19,329	2,752	49,637	51,937	49,609	-25,862
`15`	-	-	-	-	992	992	1,488	1,983	2,479	6,850	12,024	17,199	22,373	22,590	45,545	52,051	58,558
`16`	-	-	-	-	445	445	668	891	1,114	3,077	5,402	7,727	10,052	10,149	20,462	23,385	26,309
`168`	-	-	-	-	445	445	668	891	1,114	3,077	5,402	7,727	10,052	10,149	20,462	23,385	26,309
`17/49`	775,846	659,076	777,062	695,157	302,262	302,262	292,151	300,462	359,957	412,047	415,113	542,318	503,429	514,343	497,324	515,221	548,706
`17`	98,133	117,802	137,259	156,507	-	-	-	-	-	39,714	84,534	134,105	181,456	192,716	226,203	259,256	290,135
`170/4`	98,133	117,802	137,259	156,507	-	-	-	-	-	39,714	84,534	134,105	181,456	192,716	226,203	259,256	290,135
`42/48`	666,708	455,140	609,720	520,501	302,262	302,262	292,151	300,462	359,413	372,333	330,579	378,077	321,973	321,627	271,121	255,965	258,571
`42`	22,867	22,875	19,247	19,040	-	-	8,372	15,256	62,322	73,572	49,571	47,351	45,239	33,487	32,817	30,879	29,781
`43`	-	-	3,412	4,799	-	-	-	-	-	-	-	-	-	5,476	4,567	4,594	3,713
`430/8`	-	-	3,412	4,139	-	-	-	-	-	-	-	-	-	5,476	4,567	4,594	3,713
`439`	-	-	-	659	-	-	-	-	-	-	-	-	-	-	-	-	-
`44`	420,792	385,082	549,837	410,404	238,270	238,270	216,056	233,233	251,761	245,449	248,819	295,157	241,338	199,981	190,165	198,431	216,264
`440/4`	420,792	385,082	549,837	410,404	238,270	238,270	216,056	233,233	251,761	245,449	248,819	295,157	241,338	199,981	190,165	198,431	216,264
`45`	23,049	17,183	17,483	11,950	44,038	44,038	41,137	40,804	33,963	35,471	17,589	11,569	23,491	35,143	43,572	22,061	8,813
`450/3`	5,000	-	-	-	-	-	16,119	13,706	3,600	18,698	5,400	-	1,518	15,395	20,499	-	1,241
`454/9`	18,049	17,183	17,483	11,950	44,038	44,038	25,017	27,098	30,363	16,773	12,189	11,569	21,973	19,748	23,073	22,061	7,572
`47/48`	200,000	30,000	19,741	74,309	19,954	19,954	26,587	11,169	11,367	17,841	14,600	24,000	11,905	47,540	-	-	-
`492/3`	11,005	86,134	30,082	18,149	-	-	-	-	543	-	-	30,136	-	-	-	-	-
Income statement
`70`	-	-	-	-	-	-	-	-	-	-	-	-	2.9m	3.1m	3.0m	2.8m	2.3m
`76A`	-	-	-	-	-	-	7,634	1,020	-	-	-	-	-	2,029	-	-	-
`9900`	547,786	331,243	367,258	326,292	-	179,361	211,668	260,329	187,155	237,062	138,283	231,876	191,480	242,380	293,608	296,739	110,296
`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	2.7m	2.8m	2.8m	2.5m	2.2m
`62`	226,698	199,972	242,260	252,404	-	179,113	147,573	169,817	145,071	125,662	99,776	89,674	144,924	129,117	155,063	131,605	74,073
`630`	43,238	41,939	40,814	40,462	-	5,007	14,143	47,853	56,502	56,014	49,417	47,393	62,358	57,042	54,810	49,082	48,674
`640/8`	8,921	6,674	1,794	1,893	-	1,553	11,408	11,408	13,615	13,129	8,058	25,065	10,765	1,934	7,990	6,013	1,820
`66A`	-	-	-	-	-	-	119	538	160	170	-	-	3,413	-	-	50	-
`9901`	268,929	82,657	82,390	31,533	-	-6,312	38,425	30,712	-28,193	42,088	-18,968	69,744	-26,567	54,287	75,745	110,039	-14,271
`75/76B`	7,296	150	310	4,839	-	495	496	496	4,424	5,382	5,654	6,261	7,395	8,534	9,923	8,438	7,884
`75`	7,296	150	310	4,839	-	495	496	496	4,424	5,382	5,654	6,261	7,395	8,534	9,923	8,438	7,884
`65/66B`	15,016	14,430	62,042	10,649	-	13,767	12,113	8,167	7,092	8,030	9,663	11,457	13,795	14,200	15,789	16,379	22,398
`65`	15,016	14,430	62,042	10,649	-	13,767	12,113	8,167	7,092	8,030	9,663	11,457	13,795	14,200	15,789	16,379	22,398
`9903`	261,210	68,377	20,658	25,722	-	-19,584	26,808	23,041	-30,861	39,439	-22,977	64,548	-36,380	50,650	69,879	102,048	-28,785
`780`	-	-	-	223	-	-	-	-	-	-	-	-	-	-	-	-	-
`67/77`	15,000	9,572	5,507	-	-	-503	9,490	977	-1,021	12,801	-853	18,296	12,830	15,052	20,474	21,500	-
`9904`	246,210	58,804	15,151	25,945	-	-18,858	17,541	22,287	-27,876	28,962	-19,799	48,577	-46,885	37,700	52,328	83,471	-25,862
`9905`	246,210	58,804	15,151	25,945	-	-18,858	17,541	22,287	-27,876	28,962	-19,799	48,577	-46,885	37,700	52,328	83,471	-25,862
Appropriation of the result
`9906`	357,237	141,027	82,222	67,071	-16,414	-16,414	-23,556	-29,097	-39,384	8,492	-470	51,329	2,752	89,637	101,937	57,609	-25,862
`14P`	111,027	82,222	67,071	41,126	-16,414	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	-	-	-	-	-	50,000	-	-	-	-	-	-	-	-	-	-
`691/2`	150,000	-	-	-	-	-	-	-	-	-	-	-	-	-	50,000	8,000	-
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,000	-
`6921`	150,000	-	-	-	-	-	-	-	-	-	-	-	-	-	50,000	-	-
`694/7`	200,000	30,000	-	-	-	-	24,000	12,000	12,000	20,000	20,000	32,000	-	40,000	-	-	-
`694`	-	-	-	-	-	-	14,000	12,000	12,000	20,000	20,000	32,000	-	40,000	-	-	-
`695`	200,000	30,000	-	-	-	-	10,000	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	11.8	18	20.8	20.9	-	6.3	4.4	4.3	3.8	2.9	2	2	2.9	4.5	4.3	4.4	2.2
Hours worked`1013`	13,536	13,800	16,865	17,261	-	9,368	7,880	7,557	6,600	5,164	3,521	3,757	5,779	6,535	7,280	7,069	4,199
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	31-08-2026	2026-00460318	PDF
31-12-2024	full format	08-10-2025	2025-00536095	PDF
31-12-2023	full format	30-08-2024	2024-00450435	PDF
31-12-2022	full format	29-08-2023	2023-00431553	PDF
31-12-2021	full format	31-08-2022	2022-20408297	PDF
31-12-2020	full format	04-01-2022	2022-00200426	PDF
31-12-2019	full format	27-07-2020	2020-34400421	PDF
31-12-2018	full format	02-06-2019	2019-15900130	PDF
31-12-2017	full format	01-06-2018	2018-15300434	PDF
31-12-2016	full format	04-06-2017	2017-16000475	PDF
31-12-2015	full format	27-06-2016	2016-21800306	PDF
31-12-2014	full format	25-06-2015	2015-21300130	PDF
31-12-2013	full format	27-08-2014	2014-47100434	PDF
31-12-2012	full format	03-07-2013	2013-25100556	PDF
31-12-2011	full format	21-08-2012	2012-42100198	PDF
31-12-2010	full format	11-08-2011	2011-39000529	PDF
31-12-2009	full format	25-08-2010	2010-45000478	PDF

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
312,167	124,596	123,203	71,995	-	-1,305	52,568	78,565	28,309	98,101	30,449	117,137	35,791	111,329	130,555	159,121	34,403
289,448	100,744	55,965	66,407	-	-13,851	31,684	70,140	28,626	84,976	29,618	95,970	15,473	94,742	107,138	132,553	22,812
23,119	7,160	3,815	3,750	-	8,634	0	292	5,618	34,277	11,929	0	43,246	19,147	32,653	458	410,806
127,361	113,438	-41,894	-21,951	0	-58,468	-24,972	-9,855	-17,145	6,832	-46,247	76,600	-78,614	980	10,948	128,909	-
141,414	169,883	69,705	24,870	61,818	61,818	78,165	71,199	14,321	48,818	70,438	159,956	120,700	156,714	187,874	155,871	64,085
-	-	-	-	-	-	-	-	-	-	-	-	-0.9%	1.8%	2.5%	3.9%	-0.6%
24.0%	23.2%	18.0%	18.2%	19.3%	19.3%	23.9%	24.7%	19.8%	24.3%	23.6%	24.1%	24.1%	28.6%	31.3%	26.0%	16.4%
1.21	1.37	1.11	1.05	1.20	1.20	1.27	1.24	1.04	1.13	1.21	1.42	1.37	1.49	1.69	1.61	1.25
0.98	1.06	0.86	0.77	0.69	0.69	0.77	0.80	0.70	0.77	0.85	0.83	0.76	0.96	1.14	1.16	0.85
3.16	3.31	4.56	4.48	4.16	4.16	3.18	3.04	4.04	3.09	3.20	3.11	3.09	2.45	2.11	2.72	4.87
100.4%	29.5%	8.9%	16.7%	-	-26.0%	19.1%	22.5%	-31.3%	21.7%	-15.3%	27.8%	-28.7%	17.9%	22.2%	44.0%	-22.9%
24.1%	6.9%	1.6%	3.1%	-	-5.0%	4.6%	5.6%	-6.2%	5.3%	-3.6%	6.7%	-6.9%	5.1%	6.9%	11.5%	-3.8%
20.79	8.63	1.99	6.76	-	-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	-	2 days	-	-	0 days	8 days
-	-	-	-	-	-	-	-	-	-	-	-	32 days	26 days	25 days	29 days	35 days

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022
Employees at the balance-sheet date	21	26	33	26
full-time	4	3	9	16
part-time	17	23	24	10
in full-time equivalents	12.1	13.3	25	22.3
	11.8	18	20.8	20.9
On a permanent contract	1	1	1	2
Joined	102	128	128	95
Left	102	138	125	97
Training hours	223	909	17,201	2,981

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€23,119	€7,160	€3,815	€3,750	-
	€43,238	€41,939	€40,814	€40,462	-

CTL DISTRIBUTION

Annual accounts 2025

Money flows

Balance sheet

in euro

in euro

Position in the sector

24.0%

1.21

24.1%

Staff

€19,212

level

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on CTL DISTRIBUTION

Next steps

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency24.0%

Current ratio1.21

Return on assets24.1%

Staff

Staff cost per FTE€19,212

Joined and leftlevel

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on CTL DISTRIBUTION

Next steps

in euro

in euro

24.0%

1.21

24.1%

€19,212

level