CTN (0424.976.004): financials and annual accounts

CTN

Woluwe-Saint-Lambert ·KBO/BCE: BE 0424.976.004

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	34,218	46,623	75,003	101,560	99,971	89,433	116,086	114,455	109,561	105,213	127,746	111,291	113,500	106,198	88,419	79,448	40,258	18,869	18,063
Fixed assets`21/28`	4,780	9,500	14,220	18,940	26,447	4,733	6,113	3,344	3,339	3,339	3,331	3,314	3,291	3,338	4,734	6,092	3,803	4,363	5,376
Tangible fixed assets`22/27`	4,216	8,936	13,656	18,376	23,096	1,383	2,767	-	-	-	-	-	-	-	1,396	2,792	592	1,153	2,299
Furniture and vehicles`24`	4,216	8,936	13,656	18,376	23,096	1,383	2,767	-	-	-	-	-	-	-	1,396	2,792	592	1,153	1,428
Other tangible fixed assets`26`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	872
Financial fixed assets`28`	565	565	565	565	3,352	3,349	3,346	3,344	3,339	3,339	3,331	3,314	3,291	3,338	3,338	3,300	3,210	3,210	3,076
Current assets`29/58`	29,437	37,123	60,783	82,619	73,524	84,700	109,972	111,111	106,223	101,874	124,414	107,977	110,209	102,859	83,685	73,356	36,456	14,505	12,687
Amounts receivable within one year`40/41`	19,875	12,511	5,932	10,879	30,547	65,701	67,531	98,663	90,128	101,118	113,640	105,368	100,710	82,879	80,023	69,654	30,698	9,680	12,046
Trade receivables`40`	-	-	-	-	-	9,915	-	4,350	8,802	16,667	22,988	20,255	19,402	13,086	10,507	9,918	7,233	9,665	12,046
Other amounts receivable`41`	19,875	12,511	5,932	10,879	30,547	55,786	67,531	94,313	81,326	84,451	90,652	85,113	81,308	69,793	69,516	59,737	23,466	15	-
Cash at bank and in hand`54/58`	3,843	2,442	16,712	22,012	5,764	16,004	39,490	11,660	14,040	-	9,281	579	7,505	19,291	2,989	3,702	5,757	4,825	641
Deferred charges and accrued income`490/1`	5,719	22,169	38,138	49,728	37,213	2,995	2,951	788	2,055	756	1,493	2,030	1,994	689	673	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	34,218	46,623	75,003	101,560	99,971	89,433	116,086	114,455	109,561	105,213	127,746	111,291	113,500	106,198	88,419	79,448	40,258	18,869	18,063
Equity`10/15`	17,505	20,528	20,599	20,546	20,503	20,919	20,872	20,948	22,281	20,950	21,351	20,851	22,287	21,018	20,591	20,854	17,792	-22,253	-52,868
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Contributions outside capital`11`	-	-	-	-	-	18,600	-	-	-	-	-	-	-	-	-	-	-	-	-
Share premium`1100/10`	-	-	-	-	-	18,600	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserves`13`	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Non-distributable reserves`130/1`	-	-	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other`1319`	-	-	-	-	-	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	-2,955	68	139	86	43	459	412	488	1,821	490	891	391	1,827	558	131	394	-2,668	-42,713	-73,328
Amounts payable`17/49`	16,713	26,095	54,404	81,013	79,468	68,514	95,214	93,507	87,280	84,263	106,395	90,440	91,213	85,180	67,828	58,594	22,467	41,122	70,930
Amounts payable after more than one year`17`	-	-	-	7,359	24,554	394	-	-	-	-	925	6,334	11,510	20,351	-	-	-	-	-
Financial debts`170/4`	-	-	-	7,359	24,554	394	-	-	-	-	925	6,334	11,510	20,351	-	-	-	-	-
Amounts payable within one year`42/48`	16,713	25,474	53,798	71,819	48,612	63,896	95,214	93,507	87,280	84,263	105,098	83,734	79,703	64,830	67,828	58,594	22,467	41,122	70,930
Current portion of amounts payable after more than one year`42`	-	-	7,359	17,194	18,087	1,163	2,638	-	-	925	5,409	5,176	4,954	-	-	-	-	-	-
Financial debts`43`	-	-	-	-	-	4,208	-	22,000	22,000	22,531	22,000	22,000	27,202	17,000	18,986	6,305	8,427	9,137	9,591
Credit institutions`430/8`	-	-	-	-	-	4,208	-	22,000	22,000	22,531	22,000	22,000	27,202	17,000	18,986	6,305	8,427	9,137	9,591
Trade debts`44`	1,582	1,763	4,132	625	1,776	2,248	2,528	1,340	1,820	9,808	10,239	8,058	1,798	605	1,868	1,574	10,254	15,953	15,207
Suppliers`440/4`	1,582	1,763	4,132	625	1,776	2,248	2,528	1,340	1,820	9,808	10,239	8,058	1,798	605	1,868	1,574	10,254	15,953	15,207
Taxes, remuneration and social security`45`	5,970	-	-	-	4,050	12,777	23,048	5,167	3,460	-	15,250	7,500	3,750	5,225	1,975	974	1,956	486	14,769
Taxes`450/3`	5,970	-	-	-	4,050	12,777	23,048	5,167	3,460	-	15,250	7,500	3,750	5,225	1,975	587	738	201	6,930
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	387	1,218	285	7,838
Other amounts payable`47/48`	9,161	23,711	42,307	54,000	24,700	43,500	67,000	65,000	60,000	51,000	52,200	41,000	42,000	42,000	45,000	49,740	1,829	15,546	31,363
Accrued charges and deferred income`492/3`	-	621	606	1,835	6,302	4,224	-	-	-	-	372	372	-	-	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,365	-
Gross operating margin`9900`	3,673	33,885	60,544	80,340	36,055	65,768	103,818	103,292	103,318	88,219	87,006	67,060	71,315	68,950	73,003	61,742	50,864	41,346	43,266
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	476	5,711	5,930	5,301	65,974
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	4,720	4,720	4,720	4,720	1,888	1,383	1,383	-	-	-	-	-	-	1,396	1,396	1,396	561	2,134	2,213
Other operating charges`640/8`	400	858	348	348	174	348	4,698	4,800	8,248	6,866	4,941	4,402	2,669	2,193	2,831	1,761	1,524	4,796	2,860
Operating profit (loss)`9901`	-1,446	28,307	55,477	75,272	33,994	64,037	97,737	98,493	95,069	81,353	82,065	62,658	68,646	65,361	68,300	52,875	42,849	29,115	-27,781
Financial income`75/76B`	0	0	-	3	3	3	3	7	-	9	22	28	83	2	48	99	3	151	4
Recurring financial income`75`	0	0	-	3	3	3	3	7	-	9	22	28	83	2	48	99	3	151	4
Financial charges`65/66B`	1,208	990	1,056	2,000	2,160	715	738	758	1,278	4,104	2,210	2,294	2,695	711	1,640	1,904	2,807	3,016	4,100
Recurring financial charges`65`	1,208	990	1,056	2,000	2,160	715	738	758	1,278	4,104	2,210	2,294	2,695	711	1,640	1,904	2,807	3,016	4,100
Profit (loss) for the period before taxes`9903`	-2,654	27,317	54,421	73,276	31,837	63,325	97,002	97,741	93,791	77,258	79,876	60,392	66,033	64,652	66,707	51,070	40,045	30,615	-31,876
Income taxes`67/77`	370	7,489	14,368	19,233	7,553	19,777	30,078	34,074	32,460	26,659	27,376	20,828	22,764	22,225	21,970	8	0	-	0
Profit (loss) for the period`9904`	-3,023	19,829	40,053	54,044	24,284	43,547	66,924	63,667	61,331	50,599	52,500	39,564	43,269	42,427	44,737	51,062	40,044	30,615	-31,876
Profit (loss) for the period to be appropriated`9905`	-3,023	19,829	40,053	54,044	24,284	43,547	66,924	63,667	61,331	50,599	52,500	39,564	43,269	42,427	44,737	51,062	40,044	30,615	-31,876
Appropriation of the result
Profit (loss) to be appropriated`9906`	-2,955	19,968	40,139	54,086	24,743	43,959	67,412	65,488	61,821	51,490	52,891	41,391	43,827	42,558	45,131	48,394	-2,668	-42,713	-73,328
Profit (loss) brought forward from the previous period`14P`	68	139	86	43	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	-	19,900	40,000	54,000	24,700	43,500	67,000	65,000	60,000	51,000	52,000	41,000	42,000	42,000	45,000	48,000	-	-	-
Return on contributions (dividend)`694`	-	19,900	40,000	54,000	24,700	43,500	67,000	65,000	60,000	51,000	52,000	41,000	42,000	42,000	45,000	48,000	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.1	0.4	0.4	0.4	0.9
Hours worked`1013`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	192	768	768	768	17,252
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Financial year	Type	Filed	Reference	Document
30-06-2025	micro format	26-02-2026	2026-00046302	PDF
30-06-2024	micro format	25-02-2025	2025-00039580	PDF
30-06-2023	micro format	28-02-2024	2024-00038718	PDF
30-06-2022	micro format	27-02-2023	2023-00031754	PDF
30-06-2021	micro format	15-02-2022	2022-05700386	PDF
30-06-2020	micro format	21-01-2021	2021-01500206	PDF
30-06-2019	micro format	09-01-2020	2020-00700153	PDF
30-06-2018	micro format	11-01-2019	2019-01200399	PDF
30-06-2017	micro format	11-01-2018	2018-01000583	PDF
30-06-2016	full format	03-01-2017	2017-00200367	PDF
30-06-2015	full format	07-01-2016	2016-00600548	PDF
30-06-2014	full format	18-12-2014	2014-69700079	PDF
30-06-2013	full format	27-02-2014	2014-05300086	PDF
30-06-2012	full format	06-02-2013	2013-02800483	PDF
30-06-2011	full format	05-01-2012	2012-00400480	PDF
30-06-2010	full format	26-01-2011	2011-01600318	PDF
30-06-2009	full format	17-02-2010	2010-04800082	PDF
30-06-2008	full format	12-02-2009	2009-04300300	PDF
30-06-2007	full format	31-01-2008	2008-03700360	PDF
30-06-2006	full format	28-12-2006	2006-94304915	PDF
30-06-2005	full format	29-12-2005	2005-92804713	PDF
30-06-2004	full format	13-01-2005	2005-01602241	PDF
30-06-2003	full format	13-01-2004	2004-01305273	PDF
30-06-2002	full format	08-01-2003	2003-00704980	PDF
30-06-2001	full format	23-01-2002	2002-02600687	PDF
30-06-2000	full format	29-12-2000	2000-78400275	PDF
30-06-1999	full format	14-01-2000	2000-01203979	PDF
30-06-1998	full format	17-12-1998	1998-62103144	PDF
30-06-1997	full format	30-01-1998	1998-01801777	PDF
30-06-1996	full format	06-12-1996	1996-52800130	PDF
30-06-1995	full format	05-02-1996	1996-01904773	PDF
30-06-1994	full format	17-01-1995	1995-00904494	PDF
30-06-1993	full format	30-12-1993	1993-48302363	PDF
30-06-1992	full format	18-12-1992	1992-41003489	PDF
30-06-1991	full format	10-02-1992	1992-01602287	PDF
30-06-1990	full format	10-02-1992	1992-01602276	PDF
31-12-1988	full format	10-11-1989	1989-25403405	PDF
31-12-1987	full format	02-08-1988	1988-17800895	PDF
31-12-1986	full format	19-06-1987	1987-11002386	PDF
31-12-1985	full format	19-09-1986	1986-38600160	PDF
31-12-1984	full format	09-08-1985	1985-30200835	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	3,274	33,027	60,197	79,992	35,881	65,420	99,120	-	-	-	-	-	-	66,757	69,696	54,271	43,410	31,249	-25,567
Cash flow	1,697	24,549	44,773	58,764	26,172	44,931	68,307	-	-	-	-	-	-	43,823	46,133	52,458	40,605	32,748	-29,663
Investment in fixed assets (approximation)	0	0	0	-2,787	23,603	3	4,153	5	-	7	18	-	-	0	39	3,685	0	1,121	-
Change in cash	1,401	-14,270	-5,300	16,248	-10,240	-23,486	27,830	-2,380	-	-	8,702	-6,926	-11,785	16,301	-713	-2,055	932	4,184	-
Working capital	12,724	11,648	6,985	10,800	24,911	20,805	14,759	17,604	18,943	17,611	19,316	24,243	30,506	38,030	15,856	14,762	13,989	-26,616	-58,243
Solvency	51.2%	44.0%	27.5%	20.2%	20.5%	23.4%	18.0%	18.3%	20.3%	19.9%	16.7%	18.7%	19.6%	19.8%	23.3%	26.2%	44.2%	-117.9%	-292.7%
Current ratio	1.76	1.46	1.13	1.15	1.51	1.33	1.16	1.19	1.22	1.21	1.18	1.29	1.38	1.59	1.23	1.25	1.62	0.35	0.18
Debt to equity	0.95	1.27	2.64	3.94	3.88	3.28	4.56	4.46	3.92	4.02	4.98	4.34	4.09	4.05	3.29	2.81	1.26	-	-
ROE	-17.3%	96.6%	194.4%	263.0%	118.4%	208.2%	320.6%	303.9%	275.3%	241.5%	245.9%	189.7%	194.1%	201.9%	217.3%	244.9%	225.1%	-	-
ROA	-8.8%	42.5%	53.4%	53.2%	24.3%	48.7%	57.7%	55.6%	56.0%	48.1%	41.1%	35.6%	38.1%	40.0%	50.6%	64.3%	99.5%	162.3%	-176.5%
Interest coverage	2.71	33.37	57.00	40.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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