DERO (0431.360.186): financials and annual accounts

DERO

Deinze ·KBO/BCE: BE 0431.360.186

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`	4.6m	4.7m	4.7m	4.7m	4.8m	5.0m	3.9m	3.9m	4.0m	2.1m	2.1m	1.8m	1.7m	1.8m	1.9m	1.9m	1.2m	1.3m	1.4m	1.5m
Fixed assets`21/28`	4.1m	4.2m	4.3m	4.5m	4.7m	4.9m	3.5m	3.7m	3.9m	2.0m	2.0m	1.6m	1.6m	1.7m	1.7m	1.8m	1.2m	1.3m	1.4m	1.4m
Tangible fixed assets`22/27`	4.1m	4.2m	4.3m	4.5m	4.7m	4.9m	3.5m	3.7m	3.9m	2.0m	2.0m	1.6m	1.6m	952,705	998,209	1.1m	1.2m	1.3m	1.4m	1.4m
Land and buildings`22`	4.1m	4.2m	4.3m	4.5m	4.7m	4.9m	3.5m	3.7m	3.9m	2.0m	1.9m	1.6m	1.6m	952,705	995,709	1.1m	1.2m	1.2m	1.3m	1.4m
Plant, machinery and equipment`23`	2,706	3,631	4,557	-	-	799	2,061	3,458	4,437	1,752	771	864	1,108	-	2,500	5,000	-	-	-	-
Furniture and vehicles`24`	845	1,426	44	165	4,637	8,700	13,050	30,260	25,719	38,249	50,999	-	-	-	-	-	10,651	21,303	30,467	40,622
Financial fixed assets`28`	25	25	25	25	25	25	25	25	25	25	25	25	25	747,543	737,035	732,035	25	25	25	25
Current assets`29/58`	556,529	469,715	336,610	137,325	42,959	54,964	382,556	222,539	95,338	100,242	114,414	188,829	106,268	106,040	137,517	107,035	50,999	28,959	14,662	26,309
Amounts receivable within one year`40/41`	7,992	-	-	-	124	19,377	3,251	4,167	49,211	-	100	-	50	55,366	104,709	49,485	15,208	14,465	5,080	5,080
Trade receivables`40`	-	-	-	-	124	-	-	915	3,600	-	100	-	50	-	3,688	552	1,938	-	-	-
Other amounts receivable`41`	7,992	-	-	-	-	19,377	3,251	3,251	45,611	-	-	-	-	55,366	101,022	48,933	13,269	14,465	5,080	5,080
Current investments`50/53`	-	300,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	533,605	151,217	325,584	124,863	32,894	25,778	357,597	198,268	36,171	92,276	107,555	183,325	99,850	43,304	30,603	57,319	31,183	8,756	4,367	15,830
Deferred charges and accrued income`490/1`	14,932	18,499	11,026	12,462	9,941	9,809	21,707	20,104	9,956	7,966	6,760	5,504	6,368	7,371	2,205	231	4,609	5,739	5,216	5,400
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	4.6m	4.7m	4.7m	4.7m	4.8m	5.0m	3.9m	3.9m	4.0m	2.1m	2.1m	1.8m	1.7m	1.8m	1.9m	1.9m	1.2m	1.3m	1.4m	1.5m
Equity`10/15`	3.3m	3.2m	3.1m	3.1m	3.0m	2.8m	2.4m	2.3m	2.3m	1.0m	953,832	885,934	760,333	684,451	583,681	508,232	442,782	394,869	351,168	304,873
Contributions`10/11`	540,472	540,472	540,472	540,472	540,472	540,472	540,472	540,472	540,472	540,472	540,472	540,472	540,472	297,472	297,472	297,472	297,472	297,472	297,472	297,472
Capital`10`	540,472	540,472	540,472	540,472	540,472	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	540,472	540,472	540,472	540,472	540,472	540,472	540,472	540,472	540,472	540,472	540,472	540,472	540,472	297,472	297,472	297,472	297,472	297,472	297,472	297,472
Reserves`13`	2.7m	2.7m	2.6m	2.5m	2.4m	2.3m	1.8m	1.8m	1.8m	495,000	413,000	344,601	219,000	386,000	286,000	210,000	145,000	97,000	53,000	7,000
Non-distributable reserves`130/1`	654,376	654,376	488,850	322,715	150,579	144,491	96,532	96,532	96,532	96,532	96,532	96,532	-	-	-	-	-	-	-	-
Legal reserve`130`	54,047	54,047	54,047	54,047	54,047	47,959	47,959	42,900	37,346	37,346	33,188	29,721	24,641	19,553	14,514	10,742	7,469	5,074	2,685	370
Other`1319`	600,329	600,329	434,802	268,668	96,532	96,532	96,532	96,532	96,532	96,532	96,532	96,532	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	1.3m	1.4m	1.5m	1.6m	1.7m	1.8m	1.2m	1.3m	1.3m	23,739	25,176	26,613	2,625	-	-	-	-	-	-	-
Distributable reserves`133`	767,770	594,815	594,815	594,815	594,815	365,812	503,295	407,250	302,150	337,384	258,104	191,735	191,735	366,447	271,486	199,258	137,531	91,926	50,315	6,630
Profit (loss) carried forward`14`	616	483	483	483	483	-	506	433	-	73	360	861	861	979	209	760	310	396	696	400
Provisions and deferred taxes`16`	437,410	468,639	499,868	531,098	562,327	593,556	496,328	526,196	556,063	10,872	11,612	12,352	-	-	-	-	-	-	-	-
Deferred taxes`168`	437,410	468,639	499,868	531,098	562,327	593,556	496,328	526,196	556,063	10,872	11,612	12,352	-	-	-	-	-	-	-	-
Amounts payable`17/49`	929,798	986,724	1.1m	1.1m	1.2m	1.6m	990,675	1.1m	1.1m	1.1m	1.1m	859,298	976,603	1.1m	1.3m	1.4m	776,182	896,147	1.0m	1.2m
Amounts payable after more than one year`17`	-	-	458,800	458,800	458,800	458,800	458,800	540,973	622,045	702,030	780,944	458,800	551,774	709,118	861,081	1.0m	458,800	517,554	653,244	784,395
Financial debts`170/4`	-	-	458,800	458,800	458,800	458,800	458,800	540,973	622,045	702,030	780,944	458,800	551,774	709,118	861,081	1.0m	458,800	517,554	653,244	784,395
Amounts payable within one year`42/48`	883,840	936,571	540,863	567,833	748,454	1.1m	507,198	491,692	503,060	371,862	313,749	388,156	411,807	403,099	421,209	395,375	309,591	372,613	360,904	374,606
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	300,000	82,173	81,072	79,985	78,914	77,856	93,116	156,687	151,634	146,043	144,095	58,951	136,419	131,150	177,881
Trade debts`44`	10,126	4,319	3,394	9,291	6,806	24,184	2,052	1,081	3,900	51,678	971	581	348	2,313	15,077	11,923	38,353	27,448	15,722	16,051
Suppliers`440/4`	10,126	4,319	3,394	9,291	6,806	24,184	2,052	1,081	3,900	51,678	971	581	348	2,313	15,077	11,923	38,353	27,448	15,722	16,051
Taxes, remuneration and social security`45`	-	14,310	38,171	22,287	4,486	3,735	3,735	-	19,129	19,129	11,491	72,204	28,685	21,019	30,039	17,638	-	-	31,999	17,925
Taxes`450/3`	-	14,310	38,171	22,287	4,486	3,735	3,735	-	19,129	19,129	11,491	72,204	28,685	21,019	30,039	17,638	-	-	31,999	17,925
Other amounts payable`47/48`	873,714	917,942	499,298	536,255	737,162	769,471	419,237	409,539	400,045	222,142	223,430	222,255	226,087	228,134	230,050	221,720	212,286	208,747	182,033	162,750
Accrued charges and deferred income`492/3`	45,959	50,153	51,408	41,017	13,433	5,260	24,677	26,776	12,826	9,460	8,561	12,341	13,022	9,620	6,789	8,592	7,792	5,979	4,005	6,145
Income statement
Non-recurring operating income`76A`	834	-	-	-	-	813,916	-	4,250	2.0m	-	3,000	39,953	-	-	-	-	-	-	-	-
Gross operating margin`9900`	434,148	448,921	443,504	434,098	426,528	1.1m	353,940	399,865	2.4m	390,315	382,255	379,845	359,382	294,096	271,328	254,434	220,092	229,056	234,454	223,269
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	239,951	227,135	221,430	222,543	222,177	451,551	228,577	256,617	471,738	186,307	208,104	135,962	124,702	90,953	85,815	98,166	94,091	94,404	93,868	98,954
Other operating charges`640/8`	44,888	43,848	41,204	32,855	32,645	32,998	32,841	34,155	31,651	31,689	30,027	28,782	29,349	23,681	23,743	22,887	22,973	22,712	21,335	23,257
Non-recurring operating charges`66A`	58	179	189	-	-	53,660	152	55	55	100	-	-	100	-	140	100	-	-	-	50
Operating profit (loss)`9901`	149,251	177,759	180,680	178,701	171,706	570,965	92,369	109,038	1.9m	172,218	144,124	215,101	205,330	179,463	161,770	133,381	103,028	111,941	119,251	101,059
Financial income`75/76B`	7,333	-	-	-	0	-	33	-	38	907	701	729	10	11,885	2,743	575	373	512	226	399
Recurring financial income`75`	7,333	-	-	-	0	-	33	-	38	907	701	729	10	11,885	2,743	575	373	512	226	399
Financial charges`65/66B`	39,245	47,839	49,093	38,681	1,543	12,024	33,461	37,174	33,226	32,973	29,068	34,210	32,171	39,513	41,828	31,717	34,070	39,718	45,013	51,025
Recurring financial charges`65`	39,245	47,839	49,093	38,681	1,543	12,024	33,461	37,174	33,226	32,973	29,068	34,210	32,171	39,513	41,828	31,717	34,070	39,718	45,013	51,025
Profit (loss) for the period before taxes`9903`	117,339	129,920	131,587	140,020	170,163	558,942	58,942	71,864	1.8m	140,153	118,756	221,572	173,069	151,835	122,545	102,139	69,330	72,735	74,464	50,382
Transfer from deferred taxes`780`	31,229	31,229	31,229	31,229	31,229	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes`67/77`	69,168	89,310	90,370	92,801	59,506	623	58,735	61,749	6,449	59,179	51,599	83,619	68,687	51,065	47,096	36,689	21,417	24,955	28,168	20,425
Profit (loss) for the period`9904`	79,400	71,838	72,446	78,448	141,887	461,090	30,073	39,983	1.3m	81,713	67,898	125,601	104,383	100,769	75,449	65,451	47,913	47,780	46,296	29,957
Transfer from tax-exempt reserves`789`	93,688	93,688	93,688	93,688	93,688	88,207	71,104	71,104	90,138	1,437	1,437	2,385	-	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	687,286	-	-	1.4m	-	-	26,373	2,625	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	173,088	165,526	166,134	172,136	235,575	-137,989	101,177	111,087	-35,306	83,150	69,335	101,612	101,758	100,769	75,449	65,451	47,913	47,780	46,296	29,957
Appropriation of the result
Profit (loss) to be appropriated`9906`	173,571	166,009	166,617	172,619	235,575	-137,483	101,610	111,087	-35,233	83,510	70,196	102,473	102,737	100,979	76,209	65,760	48,310	48,476	46,696	7,400
Profit (loss) brought forward from the previous period`14P`	483	483	483	483	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	-	137,483	-	-	35,233	-	-	-	270,000	-	-	-	-	-	-	-
Transfer to equity`691/2`	172,955	165,526	166,134	172,136	235,092	-	101,104	110,654	-	83,437	69,836	101,612	100,376	100,000	76,000	65,000	48,000	44,000	46,000	7,000
To the legal reserve`6920`	-	-	-	-	6,088	-	5,059	5,554	-	4,158	3,467	5,081	5,088	5,038	3,772	3,273	2,396	2,389	2,315	370
To other reserves`6921`	172,955	165,526	166,134	172,136	229,003	-	96,045	105,100	-	79,280	66,370	96,532	95,288	94,962	72,228	61,727	45,604	41,611	43,685	6,630
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	-	-	-	271,500	-	-	-	-	4,080	-	-
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	-	-	-	-	-	271,500	-	-	-	-	4,080	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	18-09-2026	2026-00521097	PDF
31-12-2024	micro format	26-09-2025	2025-00529465	PDF
31-12-2023	micro format	30-09-2024	2024-00492210	PDF
31-12-2022	micro format	12-10-2023	2023-00488108	PDF
31-12-2021	micro format	26-10-2022	2022-20484201	PDF
31-12-2020	micro format	31-08-2021	2021-65200214	PDF
31-12-2019	micro format	19-06-2020	2020-19700097	PDF
31-12-2018	micro format	30-08-2019	2019-62900186	PDF
31-12-2017	micro format	25-09-2018	2018-66200332	PDF
31-12-2016	micro format	10-07-2017	2017-29900094	PDF
31-12-2015	abbreviated format	18-08-2016	2016-44400549	PDF
31-12-2014	abbreviated format	22-06-2015	2015-19800478	PDF
31-12-2013	abbreviated format	18-06-2014	2014-18800168	PDF
31-12-2012	abbreviated format	03-06-2013	2013-15300336	PDF
31-12-2011	abbreviated format	27-06-2012	2012-22700293	PDF
31-12-2010	abbreviated format	20-06-2011	2011-19200058	PDF
31-12-2009	abbreviated format	16-03-2010	2010-06800265	PDF
31-12-2008	abbreviated format	13-07-2009	2009-41300136	PDF
31-12-2007	abbreviated format	08-07-2008	2008-38300138	PDF
31-12-2006	abbreviated format	27-06-2007	2007-31800151	PDF
31-12-2005	abbreviated format	30-06-2006	2006-38104664	PDF
31-12-2004	abbreviated format	19-07-2005	2005-52104756	PDF
31-12-2003	abbreviated format	23-06-2004	2004-30203755	PDF
31-12-2002	abbreviated format	23-06-2003	2003-28403447	PDF
31-12-2001	abbreviated format	01-07-2002	2002-32205264	PDF
31-12-2000	abbreviated format	03-07-2001	2001-32801721	PDF
31-12-1999	abbreviated format	27-06-2000	2000-30004691	PDF
31-12-1998	abbreviated format	02-07-1999	1999-29600779	PDF
31-12-1997	abbreviated format	24-06-1998	1998-22005273	PDF
31-12-1996	abbreviated format	24-06-1997	1997-19704267	PDF
31-12-1995	abbreviated format	28-06-1996	1996-27600816	PDF
31-12-1994	abbreviated format	12-09-1995	1995-48903221	PDF
31-12-1993	abbreviated format	28-06-1994	1994-20900525	PDF
31-12-1992	abbreviated format	23-06-1993	1993-16101262	PDF
31-12-1991	abbreviated format	10-08-1992	1992-27600241	PDF
31-12-1990	abbreviated format	09-08-1991	1991-21905097	PDF
31-12-1989	abbreviated format	12-07-1990	1990-17004077	PDF
31-12-1988	abbreviated format	15-11-1989	1989-25604713	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	389,202	404,894	402,110	401,244	393,883	1.0m	320,947	365,655	2.3m	358,525	352,228	351,063	330,033	270,416	247,585	231,547	197,119	206,345	213,119	200,012
Cash flow	319,351	298,973	293,876	300,991	364,064	912,642	258,650	296,600	1.7m	268,020	276,002	261,563	229,085	191,722	161,264	163,617	142,004	142,184	140,164	128,911
Investment in fixed assets (approximation)	144,382	70,292	46,784	22,358	4,077	2.0m	0	61,041	2.4m	261,551	593,633	76,871	1.0m	55,956	10,176	741,085	0	1,800	4,818	78,066
Change in cash	382,389	-174,367	200,720	91,969	7,116	-331,819	159,329	162,098	-56,106	-15,278	-75,770	83,475	56,546	12,701	-26,717	26,137	22,427	4,388	-11,462	-
Working capital	-327,311	-466,856	-204,253	-430,508	-705,495	-1.0m	-124,642	-269,153	-407,722	-271,620	-199,335	-199,328	-305,539	-297,059	-283,693	-288,340	-258,592	-343,654	-346,241	-348,297
Solvency	70.6%	68.7%	66.8%	65.6%	62.5%	56.8%	61.5%	59.6%	57.6%	48.6%	46.1%	50.4%	43.8%	37.9%	31.2%	26.5%	36.3%	30.6%	25.6%	20.7%
Current ratio	0.63	0.50	0.62	0.24	0.06	0.05	0.75	0.45	0.19	0.27	0.36	0.49	0.26	0.26	0.33	0.27	0.16	0.08	0.04	0.07
Debt to equity	0.28	0.31	0.34	0.35	0.41	0.55	0.42	0.45	0.49	1.05	1.16	0.97	1.28	1.64	2.21	2.77	1.75	2.27	2.90	3.82
ROE	2.4%	2.2%	2.3%	2.6%	4.8%	16.3%	1.3%	1.7%	55.0%	7.9%	7.1%	14.2%	13.7%	14.7%	12.9%	12.9%	10.8%	12.1%	13.2%	9.8%
ROA	1.7%	1.5%	1.5%	1.7%	3.0%	9.2%	0.8%	1.0%	31.7%	3.8%	3.3%	7.1%	6.0%	5.6%	4.0%	3.4%	3.9%	3.7%	3.4%	2.0%
Interest coverage	9.92	8.46	8.19	10.37	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Mortgages, amount registered	-	-	-	-	€50,000
Mortgage mandates	-	-	-	-	€700,000
Carrying value of the mortgaged assets	-	-	-	-	€1.7m

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€144,382	€70,292	€46,784	€22,358	€4,077
Depreciation and write-downs of the year	€239,951	€227,135	€221,430	€222,543	€222,177

DERO

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on DERO

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