D.D. (0880.640.234): financials and annual accounts

D.D.

Braine-l'Alleud ·KBO/BCE: BE 0880.640.234

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`	1.6m	1.9m	1.5m	1.2m	1.1m	914,890	990,594	981,340	925,268	892,776	948,013	772,492	738,731	272,693	316,496	255,221	309,668	381,026	421,524
Fixed assets`21/28`	1.6m	1.8m	1.4m	1.0m	993,143	903,259	985,541	961,976	914,785	869,596	813,082	653,234	416,845	140,204	178,974	253,421	304,503	347,305	358,720
Tangible fixed assets`22/27`	1.6m	1.8m	1.4m	1.0m	993,143	903,259	985,541	961,976	914,785	869,596	813,082	653,234	416,845	140,204	178,974	253,421	304,503	347,305	358,720
Plant, machinery and equipment`23`	1.4m	1.6m	1.3m	972,055	968,878	887,119	964,021	956,852	898,037	841,224	773,086	627,234	416,714	139,941	174,003	237,392	278,074	309,948	333,320
Furniture and vehicles`24`	98,943	111,927	45,904	5,380	10,760	16,140	21,520	5,124	16,748	28,372	39,996	26,000	132	263	4,971	16,029	26,430	37,356	25,400
Leasing and similar rights`25`	93,369	109,620	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other tangible fixed assets`26`	15,143	17,685	20,234	22,768	13,505	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current assets`29/58`	59,588	60,576	74,108	156,395	148,211	11,632	5,052	19,363	10,483	23,180	134,932	119,258	321,886	132,489	137,522	1,800	5,165	33,722	62,804
Stocks and contracts in progress`3`	23,009	1,713	14,577	2,772	3,066	1,732	3,627	1,855	3,221	1,137	150	1,550	1,692	2,129	2,400	1,800	3,000	600	2,800
Stocks`30/36`	23,009	1,713	14,577	2,772	3,066	1,732	3,627	1,855	3,221	1,137	150	1,550	1,692	2,129	2,400	1,800	3,000	600	2,800
Amounts receivable within one year`40/41`	29,181	58,768	53,373	151,265	143,582	6,693	250	16,505	7,000	21,250	134,610	117,708	301,755	130,360	134,748	-	2,165	33,122	7,948
Trade receivables`40`	2,931	12,000	13,389	131,800	118,624	-	-	16,505	7,000	21,250	132,423	98,040	281,010	125,156	128,517	-	-	32,975	-
Other amounts receivable`41`	26,250	46,768	39,985	19,465	24,957	6,693	250	-	-	-	2,188	19,668	20,745	5,204	6,231	-	2,165	147	7,948
Cash at bank and in hand`54/58`	925	-	6,158	2,358	-	-	-	-	262	794	171	-	18,439	-	-	-	-	-	52,056
Deferred charges and accrued income`490/1`	6,473	94	-	-	1,564	3,206	1,175	1,003	-	-	-	-	-	-	373	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.6m	1.9m	1.5m	1.2m	1.1m	914,890	990,594	981,340	925,268	892,776	948,013	772,492	738,731	272,693	316,496	255,221	309,668	381,026	421,524
Equity`10/15`	103,708	112,998	222,059	27,318	29,600	31,736	33,878	35,979	37,291	38,524	21,403	20,872	19,499	20,289	19,803	1,847	907	893	822
Contributions`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
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	18,600
Uncalled capital`101`	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Reserves`13`	80,173	85,854	202,395	7,654	11,254	14,854	18,454	22,055	25,655	29,255	13,543	15,212	16,500	17,289	17,289	-	-	-	-
Non-distributable reserves`130/1`	1,860	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	1,479	600	600	-	-	-	-
Reserves not available under the articles`1311`	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	28,949	34,630	151,171	5,794	9,394	12,994	16,594	20,195	23,795	27,395	11,683	13,352	15,021	16,689	16,689	-	-	-	-
Distributable reserves`133`	49,364	49,364	49,364	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	17,335	20,944	13,464	13,464	12,146	10,682	9,224	7,724	5,436	3,069	1,661	-539	-3,200	-3,200	-3,687	-4,353	-5,293	-5,307	-5,378
Provisions and deferred taxes`16`	9,650	11,543	50,390	1,931	3,131	4,331	5,531	6,731	7,932	9,132	3,894	4,451	5,007	5,563	5,563	-	-	-	-
Deferred taxes`168`	9,650	11,543	50,390	1,931	3,131	4,331	5,531	6,731	7,932	9,132	3,894	4,451	5,007	5,563	5,563	-	-	-	-
Amounts payable`17/49`	1.5m	1.7m	1.2m	1.1m	1.1m	878,822	951,184	938,630	880,046	845,121	922,716	747,169	714,225	246,841	291,130	253,374	308,761	380,133	420,702
Amounts payable after more than one year`17`	553,698	764,297	600,995	426,248	373,851	186,006	243,507	266,572	374,325	347,438	290,248	277,245	309,429	30,716	61,430	94,254	131,785	176,695	201,511
Financial debts`170/4`	553,698	764,297	600,995	426,248	373,851	186,006	243,507	266,572	374,325	347,438	290,248	277,245	309,429	30,716	61,430	94,254	131,785	176,695	201,511
Amounts payable within one year`42/48`	954,670	964,215	613,459	701,101	734,773	692,816	707,677	663,361	500,116	497,683	632,468	469,924	404,796	182,309	197,802	121,843	137,835	164,099	210,536
Current portion of amounts payable after more than one year`42`	210,599	315,003	131,397	83,634	99,642	57,501	116,389	168,619	173,970	98,524	75,257	80,649	158,095	30,714	32,824	37,531	44,910	44,235	38,443
Trade debts`44`	32,185	14,054	36,455	980	13,464	393	10,562	860	1,523	-	323,000	179,500	70,407	4,974	1,272	2,271	11,565	79,108	76,578
Suppliers`440/4`	32,185	14,054	36,455	980	13,464	393	10,562	860	1,523	-	323,000	179,500	70,407	4,974	1,272	2,271	11,565	79,108	76,578
Advances received on contracts in progress`46`	5,000	-	-	-	-	-	-	-	-	-	-	80,000	67,155	-	-	-	-	-	-
Taxes, remuneration and social security`45`	6,993	323	4,978	42	-	-	9,453	3,769	2,125	12,832	-	420	210	1,050	331	3,906	-	1,000	-
Taxes`450/3`	4,603	323	4,978	42	-	-	8,925	-	2,125	12,832	-	420	210	1,050	331	3,906	-	-	-
Remuneration and social security`454/9`	2,390	-	-	-	-	-	528	3,769	-	-	-	-	-	-	-	-	-	1,000	-
Other amounts payable`47/48`	699,893	634,835	440,628	616,445	621,667	634,922	571,273	490,114	322,498	386,326	234,211	129,356	108,929	145,571	163,374	78,136	81,360	39,757	95,515
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	8,696	5,605	-	-	-	-	33,815	31,898	37,277	39,141	39,339	8,654
Income statement
Non-recurring operating income`76A`	-	-	212,620	-	22,200	-	4,793	9,000	-	26,750	8,264	-	15,500	-	22,253	-	-	-	-
Gross operating margin`9900`	325,663	138,015	408,777	172,745	201,992	148,865	152,661	130,565	113,788	104,058	109,844	94,558	50,668	43,735	54,100	60,333	62,332	52,776	48,092
Remuneration, social security and pensions`62`	31,351	-	-	-	-	-	7,715	17,546	-	-	-	-	-	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	272,488	210,391	150,528	168,971	200,131	144,283	121,485	98,809	104,811	99,236	108,772	80,580	63,796	39,771	46,447	51,740	51,608	49,773	43,649
Other operating charges`640/8`	6,773	30,746	2,225	634	652	815	25,873	1,002	501	255	404	383	-	255	255	305	255	650	-
Non-recurring operating charges`66A`	-	24,795	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	15,051	-127,917	256,025	3,140	1,210	3,767	-2,413	13,208	8,476	4,567	669	13,596	-13,128	3,709	7,398	8,288	10,468	2,353	4,444
Financial income`75/76B`	-	39	-	0	-	0	-	0	-	-	8	92	6	0	2	1	-	41	44
Recurring financial income`75`	-	39	-	0	-	0	-	0	-	-	8	92	6	0	2	1	-	41	44
Financial charges`65/66B`	25,326	19,708	7,888	6,622	4,547	7,109	888	15,721	10,909	8,959	8,967	12,871	3,723	3,223	6,133	7,349	10,454	2,318	9,858
Recurring financial charges`65`	25,326	19,708	7,888	6,622	4,547	7,109	888	15,721	10,909	8,959	8,967	12,871	3,723	3,223	6,133	7,349	10,454	2,318	9,858
Profit (loss) for the period before taxes`9903`	-10,275	-147,585	248,137	-3,482	-3,337	-3,342	-3,301	-2,512	-2,433	22,358	-26	818	-1,345	486	23,519	940	15	76	-5,371
Transfer from deferred taxes`780`	1,894	38,847	1,291	1,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to deferred taxes`680`	-	-	49,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes`67/77`	910	323	4,936	-	-	-	-	-	-	-	-	1	1	0	0	0	-	6	7
Profit (loss) for the period`9904`	-9,291	-109,061	194,741	-2,282	-2,137	-2,142	-2,100	-1,312	-1,233	17,121	531	817	-1,346	486	6,830	940	15	70	-5,378
Transfer from tax-exempt reserves`789`	5,681	116,541	3,872	3,600	3,600	3,600	3,600	3,600	3,600	3,600	1,669	2,225	2,225	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	-	-	149,250	-	-	-	-	-	-	19,313	-	-	-	-	5,563	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	-3,610	7,480	49,364	1,319	1,464	1,458	1,500	2,288	2,367	1,408	2,200	3,042	879	486	1,267	940	15	70	-5,378
Appropriation of the result
Profit (loss) to be appropriated`9906`	17,335	20,944	62,828	13,464	12,146	10,682	9,224	7,724	5,436	3,069	1,661	-158	-2,321	-3,200	-3,087	-4,353	-5,293	-5,307	-5,378
Profit (loss) brought forward from the previous period`14P`	20,944	13,464	13,464	12,146	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	49,364	-	-	-	-	-	-	-	-	381	879	-	600	-	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	381	879	-	600	-	-	-	-
To other reserves`6921`	-	-	49,364	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	0.9	-	-	-	-	-	0.3	0.6	-	-	-	-	-	-	-	-	-	-	-
Hours worked`1013`	1,761	-	-	-	-	-	464	1,117	-	-	-	-	-	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-03-2025	micro format	21-11-2025	2025-00569720	PDF
31-03-2024	micro format	25-10-2024	2024-00518679	PDF
31-03-2023	micro format	21-12-2023	2023-00537362	PDF
31-03-2022	micro format	02-11-2022	2022-20517060	PDF
31-03-2021	micro format	30-11-2021	2021-79300161	PDF
31-03-2020	micro format	13-11-2020	2020-70300008	PDF
31-03-2019	micro format	25-09-2019	2019-65700349	PDF
31-03-2018	micro format	28-09-2018	2018-66200128	PDF
31-03-2017	micro format	31-10-2017	2017-68500139	PDF
31-03-2016	full format	26-09-2016	2016-61100458	PDF
31-03-2015	full format	01-10-2015	2015-62600045	PDF
31-03-2014	full format	10-10-2014	2014-64500077	PDF
31-03-2013	full format	21-11-2013	2013-66400078	PDF
31-03-2012	full format	25-09-2012	2012-57400207	PDF
31-03-2011	full format	28-10-2011	2011-59200205	PDF
31-03-2010	full format	02-11-2010	2010-59800572	PDF
31-03-2009	full format	29-10-2009	2009-83400022	PDF
31-03-2008	full format	26-11-2008	2008-82600079	PDF
31-03-2007	full format	29-11-2007	2007-81500318	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	287,539	82,474	406,552	172,111	201,341	148,050	119,073	112,017	113,287	103,803	109,441	94,175	50,668	43,480	53,845	60,028	62,077	52,126	48,092
Cash flow	263,197	101,330	345,269	166,690	197,994	142,141	119,385	97,497	103,578	116,357	109,302	81,396	62,450	40,258	53,277	52,679	51,623	49,843	38,271
Investment in fixed assets	140,500	1.1m	719,250	176,031	406,815	62,000	249,050	267,000	150,000	210,000	268,620	316,968	380,438	1,001	15,500	658	8,807	38,358	402,368
Change in cash	-	-	3,800	-	-	-	-	-	-532	622	-	-	-	-	-	-	-	-	-
Working capital	-895,081	-903,639	-539,351	-544,706	-586,561	-681,185	-702,625	-643,998	-489,633	-474,503	-497,536	-350,666	-82,910	-49,820	-60,280	-120,043	-132,670	-130,378	-147,732
Solvency	6.4%	6.1%	14.9%	2.4%	2.6%	3.5%	3.4%	3.7%	4.0%	4.3%	2.3%	2.7%	2.6%	7.4%	6.3%	0.7%	0.3%	0.2%	0.2%
Current ratio	0.06	0.06	0.12	0.22	0.20	0.02	0.01	0.03	0.02	0.05	0.21	0.25	0.80	0.73	0.70	0.01	0.04	0.21	0.30
Quick ratio	0.04	0.06	0.10	0.22	0.20	0.01	0.00	0.03	0.01	0.04	0.21	0.25	0.79	0.72	0.68	0.00	0.02	0.20	0.29
Debt to equity	14.54	15.30	5.47	41.27	37.45	27.69	28.08	26.09	23.60	21.94	43.11	35.80	36.63	12.17	14.70	-	-	-	-
ROE	-9.0%	-96.5%	87.7%	-8.4%	-7.2%	-6.7%	-6.2%	-3.6%	-3.3%	44.4%	2.5%	3.9%	-6.9%	2.4%	34.5%	50.9%	-	-	-
ROA	-0.6%	-5.9%	13.1%	-0.2%	-0.2%	-0.2%	-0.2%	-0.1%	-0.1%	1.9%	0.1%	0.1%	-0.2%	0.2%	2.2%	0.4%	0.0%	0.0%	-1.3%
Interest coverage	11.35	4.18	51.54	25.99	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-03-2025
Employees at the balance-sheet date	1
full-time	1
in full-time equivalents	1
Average over the year, in full-time equivalents	0.9
On a permanent contract	1
Joined	1
Left	0

Item	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Tangible fixed assets	€140,300	€1.1m	€719,250	€176,031
Financial fixed assets	€200	-	-	-
Depreciation and write-downs of the year	€272,488	€210,391	€150,528	€168,971

D.D.

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cash

Position in the sector

Solvency6.4%

Current ratio0.06

Return on assets-0.6%

Staff

Staff cost per FTE€34,834

Joined and left+1

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on D.D.

Next steps