Ert23 (1017.275.919): financials and annual accounts

Ert23

Antwerp ·KBO/BCE: BE 1017.275.919

Line	Trend	2025
Balance sheet: assets
Total assets`20/58`		208,597
Fixed assets`21/28`		124,202
Intangible fixed assets`21`		116,929
Tangible fixed assets`22/27`		973
Furniture and vehicles`24`		973
Financial fixed assets`28`		6,300
Current assets`29/58`		84,395
Stocks and contracts in progress`3`		18,015
Stocks`30/36`		18,015
Amounts receivable within one year`40/41`		7,297
Trade receivables`40`		7,297
Cash at bank and in hand`54/58`		59,084
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`		208,597
Equity`10/15`		73,411
Contributions`10/11`		5,000
Reserves`13`		50,000
Distributable reserves`133`		50,000
Profit (loss) carried forward`14`		18,411
Amounts payable`17/49`		135,186
Amounts payable within one year`42/48`		135,186
Trade debts`44`		28,072
Suppliers`440/4`		28,072
Taxes, remuneration and social security`45`		59,700
Taxes`450/3`		36,231
Remuneration and social security`454/9`		23,469
Other amounts payable`47/48`		47,414
Income statement
Gross operating margin`9900`		362,093
Remuneration, social security and pensions`62`		253,128
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`		13,243
Other operating charges`640/8`		3,114
Operating profit (loss)`9901`		92,607
Financial income`75/76B`		0
Recurring financial income`75`		0
Financial charges`65/66B`		196
Recurring financial charges`65`		196
Profit (loss) for the period before taxes`9903`		92,411
Income taxes`67/77`		24,000
Profit (loss) for the period`9904`		68,411
Profit (loss) for the period to be appropriated`9905`		68,411
Appropriation of the result
Profit (loss) to be appropriated`9906`		68,411
Transfer to equity`691/2`		50,000
To other reserves`6921`		50,000
Social balance sheet
Average staff (FTE)`9087`		8.7
Document		PDF

Line	Trend	2025
EBITDA		105,850
Cash flow		81,654
Investment in fixed assets		137,445
Working capital		-50,791
Solvency		35.2%
Current ratio		0.62
Quick ratio		0.49
Debt to equity		1.84
ROE		93.2%
ROA		32.8%
Interest coverage		over 100

Item	2025
Tangible fixed assets	€1,145
Intangible fixed assets	€130,000
Financial fixed assets	€6,300
Depreciation and write-downs of the year	€13,243

Ert23

Annual accounts 2025

Balance sheet

Position in the sector

Solvency35.2%

Current ratio0.62

Return on assets32.8%

Staff

Staff cost per FTE€29,095

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on Ert23

Next steps