ELECTRO-KLIMA (0818.017.232): financials and annual accounts

ELECTRO-KLIMA

Geraardsbergen ·KBO/BCE: BE 0818.017.232

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Balance sheet: assets
Total assets`20/58`	358,838	293,203	278,880	265,118	199,667	221,640	186,060	177,349	108,501	69,661	51,471	56,342	68,270	36,794	81,429	35,206
Fixed assets`21/28`	88,256	58,100	48,057	53,939	28,761	41,963	43,994	58,222	35,714	7,173	8,431	9,522	11,255	14,806	12,793	12,086
Tangible fixed assets`22/27`	88,256	58,100	48,057	53,939	28,761	41,963	43,994	58,222	35,714	7,173	8,431	9,522	11,255	14,806	12,793	12,086
Land and buildings`22`	1,628	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Plant, machinery and equipment`23`	31,198	26,746	16,028	13,302	15,776	19,447	8,146	7,547	6,763	7,130	7,842	8,387	9,567	10,235	5,070	1,115
Furniture and vehicles`24`	55,431	31,354	32,029	40,637	12,985	22,516	35,848	50,675	28,951	43	589	1,135	1,687	4,571	7,723	10,972
Current assets`29/58`	270,581	235,104	230,823	211,179	170,906	179,677	142,066	119,127	72,787	62,488	43,040	46,820	57,015	21,988	68,636	23,120
Stocks and contracts in progress`3`	81,736	44,854	19,214	21,485	28,906	13,848	73,863	9,176	9,530	12,752	12,752	11,046	30,038	6,700	2,200	4,830
Stocks`30/36`	81,736	44,854	19,214	21,485	28,906	13,848	9,955	9,176	9,530	12,752	12,752	11,046	26,038	-	-	-
Contracts in progress`37`	-	-	-	-	-	-	63,908	-	-	-	-	-	4,000	6,700	2,200	4,830
Amounts receivable within one year`40/41`	137,046	133,844	111,254	118,078	65,054	92,257	34,342	81,557	47,665	39,773	27,009	31,565	22,402	14,747	19,558	5,050
Trade receivables`40`	82,176	79,369	53,280	65,130	25,050	52,737	5,026	42,666	34,364	26,965	15,803	16,199	9,308	12,582	10,865	343
Other amounts receivable`41`	54,870	54,474	57,974	52,948	40,004	39,520	29,316	38,891	13,301	12,808	11,206	15,366	13,094	2,165	8,693	4,707
Cash at bank and in hand`54/58`	49,763	51,938	96,637	68,707	74,810	70,813	31,736	22,058	15,592	9,963	3,279	4,210	4,575	541	46,878	13,240
Deferred charges and accrued income`490/1`	2,036	4,469	3,718	2,909	2,136	2,759	2,125	6,336	-	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	358,838	293,203	278,880	265,118	199,667	221,640	186,060	177,349	108,501	69,661	51,471	56,342	68,270	36,794	81,429	35,206
Equity`10/15`	150,608	150,363	133,655	112,870	82,468	77,460	60,156	52,409	39,267	32,291	27,786	21,705	14,777	5,661	18,118	15,436
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
Issued capital`100`	-	-	-	-	-	-	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
Reserves`13`	113,201	112,956	96,248	75,463	45,061	40,053	22,749	15,002	1,860	1,860	1,860	1,860	1,860	1,860	1,860	462
Non-distributable reserves`130/1`	-	-	-	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	462
Reserves not available under the articles`1311`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	113,201	112,956	96,248	73,603	43,201	38,193	20,889	13,142	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	31,207	31,207	31,207	31,207	31,207	31,207	31,207	31,207	31,207	24,231	19,726	13,645	6,717	-2,399	10,058	8,774
Amounts payable`17/49`	208,230	142,840	145,225	152,248	117,199	144,180	125,904	124,940	69,234	37,370	23,685	34,637	53,492	31,133	63,310	19,771
Amounts payable after more than one year`17`	35,560	13,329	20,320	28,055	11,652	23,104	31,705	45,916	23,245	-	-	3,295	8,555	15,643	22,460	9,667
Financial debts`170/4`	35,560	13,329	20,320	28,055	11,652	23,104	31,705	45,916	23,245	-	-	3,295	8,555	15,643	22,460	9,667
Amounts payable within one year`42/48`	172,670	129,511	124,905	124,193	105,547	121,076	94,199	79,024	45,989	35,820	22,135	30,042	43,987	15,190	39,201	10,104
Current portion of amounts payable after more than one year`42`	13,441	6,991	8,224	24,952	11,452	16,050	14,211	14,006	6,973	3,668	3,668	13,418	7,687	6,817	6,557	2,900
Financial debts`43`	-	-	-	-	-	-	4,298	-	-	10,428	12,681	-	-	-	-	-
Credit institutions`430/8`	-	-	-	-	-	-	4,298	-	-	10,428	12,681	-	-	-	-	-
Trade debts`44`	134,547	98,269	94,933	72,243	66,009	73,475	52,420	51,453	29,847	16,311	503	12,611	32,338	2,043	9,711	1,276
Suppliers`440/4`	134,547	98,269	94,933	72,243	66,009	73,475	52,420	51,453	29,847	16,311	503	12,611	32,338	2,043	9,711	1,276
Advances received on contracts in progress`46`	-	-	-	-	-	-	1,200	-	-	-	-	-	-	-	13,885	-
Taxes, remuneration and social security`45`	24,681	22,264	19,948	25,798	28,086	29,751	22,070	13,565	9,169	5,414	5,284	4,013	491	-	1,263	102
Taxes`450/3`	9,618	8,138	5,153	12,825	21,717	22,170	14,763	7,601	6,332	4,874	4,489	2,208	-	-	1,263	102
Remuneration and social security`454/9`	15,063	14,125	14,795	12,973	6,369	7,581	7,307	5,964	2,837	540	795	1,804	491	-	-	-
Other amounts payable`47/48`	-	1,987	1,800	1,200	-	1,800	-	-	-	-	-	-	3,471	6,330	7,786	5,826
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	-	-	1,550	1,550	1,300	950	300	1,650	-
Income statement
Non-recurring operating income`76A`	20,069	-	5,000	-	-	-	500	-	-	-	-	-	-	-	-	-
Gross operating margin`9900`	239,902	223,848	185,258	202,250	133,938	124,164	113,086	101,629	53,685	19,633	23,239	31,045	20,337	-2,093	11,228	19,206
Remuneration, social security and pensions`62`	162,086	156,633	131,314	133,927	85,976	73,210	71,185	64,382	31,513	7,426	8,694	9,097	1,708	439	1,014	507
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	21,954	18,022	15,274	15,037	21,222	19,917	18,040	18,071	10,645	3,482	3,561	6,385	7,017	6,215	4,086	5,366
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-	-	-	-	2,730	-	-	-	-
Other operating charges`640/8`	8,558	4,583	4,471	4,018	4,949	3,258	5,259	1,447	1,129	621	349	273	416	746	314	262
Non-recurring operating charges`66A`	354	-	-	-	10,558	-	-	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	46,950	44,611	34,199	49,268	11,233	27,779	18,602	17,729	10,398	8,104	10,636	12,560	11,195	-9,493	5,815	13,070
Financial income`75/76B`	926	1,087	1,734	1,971	2,466	3,514	2,546	1,634	1,066	56	98	153	185	2	10	15
Recurring financial income`75`	926	1,087	1,734	1,062	2,466	3,514	2,546	1,634	1,066	56	98	153	185	2	10	15
Non-recurring financial income`76B`	-	-	-	909	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	2,467	2,163	5,034	8,984	1,958	2,057	3,215	1,765	1,408	1,389	2,045	3,576	2,264	2,965	1,981	747
Recurring financial charges`65`	2,467	2,163	5,034	8,984	1,958	2,057	3,215	1,765	1,408	1,389	2,045	3,576	2,264	2,965	1,981	747
Profit (loss) for the period before taxes`9903`	45,409	43,535	30,899	42,255	11,741	29,236	17,933	17,598	10,056	6,772	8,689	9,137	9,116	-12,457	3,844	12,339
Income taxes`67/77`	15,105	13,685	10,114	11,853	6,733	11,932	10,186	4,456	3,080	2,266	2,608	2,208	-	-	1,161	3,103
Profit (loss) for the period`9904`	30,304	29,851	20,785	30,402	5,008	17,304	7,747	13,142	6,976	4,506	6,081	6,928	9,116	-12,457	2,683	9,236
Profit (loss) for the period to be appropriated`9905`	30,304	29,851	20,785	30,402	5,008	17,304	7,747	13,142	6,976	4,506	6,081	6,928	9,116	-12,457	2,683	9,236
Appropriation of the result
Profit (loss) to be appropriated`9906`	61,511	61,057	51,992	61,609	36,215	48,511	38,954	44,349	31,207	24,231	19,726	13,645	6,717	-2,399	11,456	9,236
Profit (loss) brought forward from the previous period`14P`	31,207	31,207	31,207	31,207	31,207	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	30,059	13,142	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	30,304	29,851	20,785	30,402	5,008	17,304	7,747	13,142	-	-	-	-	-	-	1,398	462
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,398	462
To other reserves`6921`	30,304	29,851	20,785	30,402	5,008	17,304	7,747	13,142	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	30,059	13,142	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	30,059	13,142	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	3.2	3	3.3	4	2.3	2.3	2.4	2.4	1.7	-	0.8	0.5	0.1	-	-	-
Hours worked`1013`	5,012	4,952	4,125	5,892	3,744	3,434	3,600	3,698	2,542	-	1,131	1,312	220	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	23-07-2026	2026-00321625	PDF
31-12-2024	micro format	23-07-2025	2025-00300964	PDF
31-12-2023	micro format	28-08-2024	2024-00381584	PDF
31-12-2022	micro format	30-08-2023	2023-00391235	PDF
31-12-2021	micro format	28-07-2022	2022-20234557	PDF
31-12-2020	micro format	26-08-2021	2021-55100333	PDF
31-12-2019	micro format	23-09-2020	2020-54700213	PDF
31-12-2018	micro format	30-08-2019	2019-53600458	PDF
31-12-2017	micro format	30-08-2018	2018-53300596	PDF
31-12-2016	micro format	06-11-2017	2017-69300225	PDF
31-12-2015	abbreviated format	31-08-2016	2016-54900511	PDF
31-12-2014	abbreviated format	26-08-2015	2015-49100476	PDF
31-12-2013	abbreviated format	17-11-2014	2014-67100339	PDF
31-12-2012	abbreviated format	30-08-2013	2013-56900519	PDF
31-12-2011	abbreviated format	25-07-2012	2012-35500063	PDF
31-12-2010	abbreviated format	15-08-2011	2011-41400589	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
EBITDA	68,903	62,633	49,473	64,305	32,455	47,696	36,642	35,800	21,043	11,586	14,196	18,945	18,212	-3,279	9,901	18,436
Cash flow	52,257	47,872	36,059	45,439	26,230	37,221	25,787	31,213	17,621	7,987	9,641	13,314	16,132	-6,242	6,768	14,602
Investment in fixed assets	81,982	28,065	9,392	40,215	56,595	17,886	3,812	40,579	39,186	2,223	2,470	4,653	3,465	8,227	4,793	17,452
Change in cash	-2,175	-44,699	27,930	-6,103	3,997	39,077	9,678	6,466	5,629	6,684	-931	-365	4,034	-46,337	33,638	-
Working capital	97,911	105,593	105,918	86,986	65,359	58,601	47,867	40,103	26,798	26,668	20,904	16,778	13,028	6,798	29,435	13,016
Solvency	42.0%	51.3%	47.9%	42.6%	41.3%	34.9%	32.3%	29.6%	36.2%	46.4%	54.0%	38.5%	21.6%	15.4%	22.3%	43.8%
Current ratio	1.57	1.82	1.85	1.70	1.62	1.48	1.51	1.51	1.58	1.74	1.94	1.56	1.30	1.45	1.75	2.29
Quick ratio	1.09	1.47	1.69	1.53	1.35	1.37	0.72	1.39	1.38	1.39	1.37	1.19	0.61	1.01	1.69	1.81
Debt to equity	1.38	0.95	1.09	1.35	1.42	1.86	2.09	2.38	1.76	1.16	0.85	1.60	3.62	5.50	3.49	1.28
ROE	20.1%	19.9%	15.6%	26.9%	6.1%	22.3%	12.9%	25.1%	17.8%	14.0%	21.9%	31.9%	61.7%	-220.0%	14.8%	59.8%
ROA	8.4%	10.2%	7.5%	11.5%	2.5%	7.8%	4.2%	7.4%	6.4%	6.5%	11.8%	12.3%	13.4%	-33.9%	3.3%	26.2%
Interest coverage	27.93	28.96	9.83	7.16	16.58	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	4	3	3	3	3
full-time	3	3	3	3	3
part-time	1	-	-	-	-
in full-time equivalents	3.8	3	3	3	3
Average over the year, in full-time equivalents	3.2	3	3.3	4	2.3
On a permanent contract	3	3	3	3	2
Joined	1	-	1	3	1
Left	0	-	1	3	0

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€81,982	€28,065	€9,392	€40,215	€56,595
Depreciation and write-downs of the year	€21,954	€18,022	€15,274	€15,037	€21,222

ELECTRO-KLIMA

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency42.0%

Current ratio1.57

Return on assets8.4%

Staff

Staff cost per FTE€50,652

Joined and left+1

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on ELECTRO-KLIMA

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