ENNOVATOR (0672.566.821): financials and annual accounts

ENNOVATOR

Ghent ·KBO/BCE: BE 0672.566.821

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017
Balance sheet: assets
Total assets`20/58`	487,200	604,523	600,528	617,015	531,040	531,637	491,839	78,077	25,958
Formation expenses`20`	-	-	-	0	34	241	447	653	-
Fixed assets`21/28`	312,096	352,339	362,265	385,284	424,390	446,100	427,907	47,229	2,444
Tangible fixed assets`22/27`	300,696	340,939	350,865	375,134	414,220	440,745	427,722	47,044	2,259
Land and buildings`22`	272,008	295,890	288,374	308,632	321,039	330,649	349,018	-	-
Plant, machinery and equipment`23`	14,064	16,664	19,264	-	-	-	-	-	474
Furniture and vehicles`24`	5,136	12,400	20,744	37,522	57,704	68,122	30,232	2,475	1,785
Other tangible fixed assets`26`	9,487	15,984	22,482	28,979	35,477	41,974	48,472	44,569	-
Financial fixed assets`28`	11,400	11,400	11,400	10,150	10,170	5,355	185	185	185
Current assets`29/58`	175,104	252,184	238,264	231,732	106,616	85,296	63,485	30,195	23,514
Amounts receivable within one year`40/41`	141,786	214,133	142,171	98,104	86,497	36,623	28,326	14,091	11
Trade receivables`40`	101,948	199,095	141,265	98,104	86,497	30,777	22,593	14,091	-
Other amounts receivable`41`	39,839	15,039	906	-	-	5,846	5,732	-	11
Cash at bank and in hand`54/58`	14,712	33,901	90,640	118,363	14,779	43,249	33,344	15,120	23,317
Deferred charges and accrued income`490/1`	18,605	4,149	5,453	15,264	5,339	5,424	1,815	984	186
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	487,200	604,523	600,528	617,015	531,040	531,637	491,839	78,077	25,958
Equity`10/15`	141,903	169,901	166,071	113,158	16,061	23,158	17,170	23,084	15,521
Contributions`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	-	6,200
Capital`10`	-	-	-	-	-	-	-	6,200	-
Issued capital`100`	-	-	-	-	-	-	18,600	18,800	18,600
Uncalled capital`101`	-	-	-	-	-	-	12,400	12,600	12,400
Reserves`13`	135,703	163,701	159,871	106,958	9,861	16,958	10,970	16,884	9,321
Non-distributable reserves`130/1`	-	-	0	1,860	1,860	1,860	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,880	466
Reserves not available under the articles`1311`	-	-	0	1,860	1,860	1,860	-	-	-
Distributable reserves`133`	135,703	163,701	159,871	105,098	8,001	15,098	9,110	15,004	8,855
Profit (loss) carried forward`14`	0	0	0	0	-	-	-	-	-
Amounts payable`17/49`	345,297	434,622	434,457	503,857	514,979	508,479	474,669	54,993	10,437
Amounts payable after more than one year`17`	186,305	208,285	229,933	259,030	293,068	326,741	303,159	-	-
Financial debts`170/4`	186,305	208,285	229,933	259,030	293,068	326,741	303,159	-	-
Amounts payable within one year`42/48`	158,992	226,337	202,784	244,828	221,911	181,738	171,511	54,993	10,437
Current portion of amounts payable after more than one year`42`	21,980	21,648	29,096	34,093	33,673	33,236	20,204	-	-
Trade debts`44`	23,908	60,166	7,686	7,643	59,667	15,572	13,947	1,335	1,327
Suppliers`440/4`	23,908	60,166	7,686	7,643	59,667	15,572	13,947	1,335	1,327
Taxes, remuneration and social security`45`	3,477	26,798	16,775	48,923	16,428	19,853	28,576	14,500	9,110
Taxes`450/3`	3,477	26,798	16,775	48,923	16,428	19,853	28,576	14,500	7,691
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	1,419
Other amounts payable`47/48`	109,627	117,725	149,227	154,169	112,143	113,077	108,784	39,158	-
Accrued charges and deferred income`492/3`	-	0	1,740	-	-	-	-	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	68,705
Non-recurring operating income`76A`	-	-	0	720	-	-	-	-	-
Gross operating margin`9900`	34,476	81,225	143,517	208,826	74,044	79,999	55,907	103,515	30,901
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	37,804
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	41,007	10,011
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	41,796	46,952	45,769	42,984	51,944	43,700	39,954	14,272	1,907
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	0	-5,700	5,700	-	-	-	-	-
Other operating charges`640/8`	5,050	4,435	5,811	3,957	4,250	6,263	3,471	3,493	2,130
Non-recurring operating charges`66A`	-	-	0	150	-	-	-	-	-
Operating profit (loss)`9901`	-12,370	29,838	97,637	156,035	17,850	30,036	12,482	44,743	16,853
Financial income`75/76B`	141	0	426	0	912	202	4	101	-
Recurring financial income`75`	141	0	426	0	912	202	4	101	-
Financial charges`65/66B`	3,569	4,047	4,602	4,999	10,218	5,666	4,061	1,551	362
Recurring financial charges`65`	3,569	4,047	4,602	4,999	10,218	5,666	4,061	1,551	362
Profit (loss) for the period before taxes`9903`	-15,798	25,791	93,460	151,036	8,544	24,572	8,425	43,293	16,491
Income taxes`67/77`	200	9,961	28,547	41,939	3,641	6,584	2,340	14,409	7,170
Profit (loss) for the period`9904`	-15,998	15,830	64,913	109,097	4,903	17,988	6,086	28,884	9,321
Profit (loss) for the period to be appropriated`9905`	-15,998	15,830	64,913	109,097	4,903	17,988	6,086	28,884	9,321
Appropriation of the result
Profit (loss) to be appropriated`9906`	-15,998	15,830	64,913	109,097	4,903	17,988	6,086	28,884	9,321
Transfer from equity`791/2`	27,998	-	-	0	12,000	-	6,000	-	-
Transfer to equity`691/2`	0	3,830	52,913	97,097	4,903	5,988	86	16,884	9,321
To the legal reserve`6920`	-	-	-	-	-	-	-	1,880	46
To other reserves`6921`	0	3,830	52,913	97,097	4,903	5,988	86	15,004	9,275
Profit to be distributed`694/7`	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	-
Directors or managers`695`	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	1
Hours worked`1013`	-	-	-	-	-	-	-	-	471
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	26-08-2026	2026-00427023	PDF
31-12-2024	micro format	29-08-2025	2025-00435124	PDF
31-12-2023	micro format	27-08-2024	2024-00374866	PDF
31-12-2022	micro format	29-06-2023	2023-00172188	PDF
31-12-2021	micro format	31-08-2022	2022-20369202	PDF
31-12-2020	micro format	31-08-2021	2021-58400589	PDF
31-12-2019	micro format	30-11-2020	2020-73100002	PDF
31-12-2018	micro format	25-09-2019	2019-66000428	PDF
31-12-2017	micro format	13-08-2018	2018-45700173	PDF

Year	Entries	Awarded	Paid
2024	1	€975	€1,950
2023	1	€1,403	€428
2022	1	€1,049	€1,049

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017
EBITDA	29,426	76,790	143,406	199,019	69,794	73,736	52,436	59,015	18,760
Cash flow	25,798	62,781	110,682	152,081	56,847	61,688	46,040	43,156	11,228
Investment in fixed assets	1,553	37,026	22,750	12,281	30,213	61,687	420,426	61,123	3,319
Change in cash	-19,189	-56,739	-27,723	103,584	-28,470	9,904	18,224	-8,197	-
Working capital	16,112	25,847	35,479	-13,096	-115,295	-96,442	-108,026	-24,798	13,077
EBIT margin	-	-	-	-	-	-	-	-	24.5%
Solvency	29.1%	28.1%	27.7%	18.3%	3.0%	4.4%	3.5%	29.6%	59.8%
Current ratio	1.10	1.11	1.17	0.95	0.48	0.47	0.37	0.55	2.25
Debt to equity	2.43	2.56	2.62	4.45	32.06	21.96	27.65	2.38	0.67
ROE	-11.3%	9.3%	39.1%	96.4%	30.5%	77.7%	35.4%	125.1%	60.1%
ROA	-3.3%	2.6%	10.8%	17.7%	0.9%	3.4%	1.2%	37.0%	35.9%
Interest coverage	8.25	18.97	31.16	39.81	6.83	-	-	38.05	-
Customer credit	-	-	-	-	-	-	-	-	0 days
Supplier credit	-	-	-	-	-	-	-	-	13 days

Item	2025	2024	2023	2022	2021
Mortgages, amount registered	€10,000	€10,000	€10,000	€10,000	€100,000
Mortgage mandates	€235,000	€235,000	€235,000	€235,000	€235,000
Carrying value of the mortgaged assets	€272,008	€295,890	€288,374	€308,632	€321,039

ENNOVATOR

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency29.1%

Current ratio1.10

Return on assets-3.3%

Staff

Staff cost per FTE

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2024, 3 entries, €3,427 awarded, €3,427 paid

Key figures and ratios

Securities and guarantees

Investments

Insights on ENNOVATOR

Next steps

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€1,553	€37,026	€21,500	€12,131	€25,213
Financial fixed assets	-	-	€1,250	€150	€5,000
Depreciation and write-downs of the year	€41,796	€46,952	€45,769	€42,984	€51,944