ESPOO (0871.262.908): financials and annual accounts

ESPOO

Antwerp ·KBO/BCE: BE 0871.262.908

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`	399,403	377,054	327,806	406,120	465,725	448,365	401,431	375,981	419,751	231,874	252,066	297,697	251,811	183,892	108,443	75,092	63,794	10,563	13,504	17,552
Fixed assets`21/28`	51,464	64,531	78,379	98,687	109,902	135,661	152,344	173,522	199,117	31,844	20,545	25,630	31,190	23,318	26,924	29,965	26,925	8,229	9,432	8,568
Intangible fixed assets`21`	-	-	-	-	-	6,814	13,628	20,442	28,018	22,123	4,573	4,478	4,210	2,699	4,049	5,398	-	-	-	-
Tangible fixed assets`22/27`	44,367	63,279	77,852	98,209	108,064	127,187	137,056	153,080	171,099	9,471	15,722	20,902	26,980	20,619	22,875	24,567	26,925	8,229	9,432	8,568
Land and buildings`22`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,163	9,300	8,370
Plant, machinery and equipment`23`	434	-	-	-	2,605	2,934	3,030	2,128	-	655	1,310	490	1,708	1,456	316	633	-	66	132	198
Furniture and vehicles`24`	4,101	5,359	291	691	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other tangible fixed assets`26`	39,831	57,921	77,561	97,518	105,459	124,253	134,026	150,953	171,099	8,816	14,412	20,412	25,273	19,163	22,559	23,934	26,925	-	-	-
Financial fixed assets`28`	7,097	1,252	527	478	1,838	1,660	1,660	-	-	250	250	250	-	-	-	-	-	-	-	-
Current assets`29/58`	347,939	312,522	249,427	307,433	355,823	312,704	249,087	202,459	220,633	200,030	231,521	272,067	220,621	160,574	81,519	45,127	36,869	2,334	4,072	8,984
Amounts receivable after more than one year`29`	-	-	-	0	21,385	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	-	-	-	0	21,385	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stocks and contracts in progress`3`	263,470	236,106	202,784	254,596	210,873	186,570	158,476	160,918	139,055	128,492	190,871	186,603	140,460	99,241	63,000	39,551	31,204	-	-	-
Stocks`30/36`	263,470	236,106	202,784	254,596	210,873	186,570	158,476	160,918	139,055	128,492	190,871	186,603	140,460	99,241	63,000	39,551	31,204	-	-	-
Amounts receivable within one year`40/41`	67,179	32,938	28,027	34,745	54,643	27,125	62,758	36,198	72,722	59,569	30,793	33,879	34,876	18,897	11,165	2,382	4,913	2,191	2,726	1,702
Trade receivables`40`	66,514	32,938	28,027	34,745	50,778	26,700	62,708	35,978	72,722	59,569	30,793	33,332	34,699	18,597	11,165	2,382	134	-	984	-
Other amounts receivable`41`	664	-	-	0	3,865	425	50	220	-	-	-	547	177	300	-	-	4,779	2,191	1,742	1,702
Cash at bank and in hand`54/58`	17,089	42,834	15,931	17,884	67,334	95,711	27,018	5,343	5,612	8,980	9,455	50,029	36,869	37,601	2,166	2,176	752	63	1,343	7,241
Deferred charges and accrued income`490/1`	202	643	2,684	208	1,587	3,298	835	-	3,244	2,989	402	1,556	8,416	4,835	5,188	1,018	-	80	3	41
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	399,403	377,054	327,806	406,120	465,725	448,365	401,431	375,981	419,751	231,874	252,066	297,697	251,811	183,892	108,443	75,092	63,794	10,563	13,504	17,552
Equity`10/15`	-148,289	-26,517	38,993	164,697	163,362	103,210	78,454	48,659	16,147	-26,049	51,129	108,544	91,540	31,621	4,174	-26,394	-11,866	9,247	12,289	15,884
Contributions`10/11`	58,600	58,600	58,600	58,600	58,600	52,400	52,400	52,400	52,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Issued capital`100`	-	-	-	-	-	-	58,600	58,600	58,600	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`	-	-	-	-	-	-	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
Reserves`13`	48,550	48,550	48,550	106,097	104,762	50,810	26,054	19,226	19,226	19,226	38,729	96,144	79,140	19,221	3,515	3,516	3,483	3,483	3,483	3,484
Non-distributable reserves`130/1`	-	-	0	4,960	4,960	2,260	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	2,260	1,860	1,860	1,860	1,860	1,860	1,860	1,860	160	160	160	160	160	160
Reserves not available under the articles`1311`	-	-	0	4,960	4,960	2,260	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	-	-	-	-	-	-	362	362	362	362	362	362	362	362	362	362	330	330	330	330
Distributable reserves`133`	48,550	48,550	48,550	101,137	99,802	48,550	23,432	17,004	17,004	17,004	36,507	93,922	76,918	16,999	2,993	2,994	2,993	2,993	2,993	2,994
Profit (loss) carried forward`14`	-255,440	-133,667	-68,157	-	-	-	-	-22,967	-55,479	-57,674	-	-	-	-	-11,741	-42,310	-27,749	-6,636	-3,594	-
Amounts payable`17/49`	547,692	403,571	288,813	241,423	302,363	345,154	322,977	327,322	403,604	257,922	200,937	189,153	160,271	152,271	104,269	101,486	75,660	1,316	1,215	1,668
Amounts payable after more than one year`17`	13,992	22,557	30,917	39,077	47,041	79,152	95,430	113,706	101,797	12,514	8,774	12,230	-	2,930	11,487	19,704	25,000	-	-	-
Financial debts`170/4`	13,992	22,557	30,917	39,077	47,041	79,152	95,430	113,706	101,797	12,514	8,774	12,230	-	2,930	11,487	19,704	25,000	-	-	-
Amounts payable within one year`42/48`	533,700	381,014	257,896	202,346	193,327	227,930	182,741	177,104	259,692	227,178	176,104	158,392	138,109	113,667	74,837	77,637	48,660	1,248	1,179	1,540
Current portion of amounts payable after more than one year`42`	8,565	8,360	14,020	7,965	15,317	16,462	16,276	17,466	10,215	3,557	3,455	3,357	2,930	8,557	8,217	5,297	-	-	-	-
Financial debts`43`	292	0	90	-	-	-	470	18,417	35,716	39,624	-	-	-	-	6,445	35,251	35,640	-	-	-
Credit institutions`430/8`	292	-	-	-	-	-	470	18,417	35,716	39,624	-	-	-	-	6,445	35,251	35,640	-	-	-
Other loans`439`	-	0	90	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	289,079	157,951	79,190	56,317	83,875	140,465	145,160	102,722	167,733	120,284	95,847	88,996	80,068	68,511	47,696	19,498	11,352	-	960	-
Suppliers`440/4`	289,079	157,951	79,190	56,317	83,875	140,465	145,160	102,722	167,733	120,284	95,847	88,996	80,068	68,511	47,696	19,498	11,352	-	960	-
Advances received on contracts in progress`46`	77,380	73,857	41,089	30,908	-	533	-	31	-	-	-	-	-	-	-	-	820	-	-	-
Taxes, remuneration and social security`45`	53,022	58,950	46,697	52,955	69,236	69,869	19,889	29,017	36,050	56,946	69,818	65,232	51,816	27,026	11,502	13,141	390	-	-	-
Taxes`450/3`	35,116	45,043	35,878	40,151	57,223	58,870	9,958	21,574	21,053	39,427	56,755	61,230	46,599	23,570	11,502	12,641	390	-	-	-
Remuneration and social security`454/9`	17,907	13,907	10,819	12,805	12,012	11,000	9,931	7,443	14,998	17,519	13,063	4,002	5,217	3,456	-	500	-	-	-	-
Other amounts payable`47/48`	105,362	81,896	76,810	54,202	24,899	600	946	9,451	9,978	6,768	6,984	807	3,296	9,573	977	4,450	458	1,248	219	1,540
Accrued charges and deferred income`492/3`	-	-	-	0	61,995	38,072	44,806	36,513	42,114	18,230	16,059	18,531	22,162	35,674	17,945	4,145	2,000	68	36	128
Income statement
Non-recurring operating income`76A`	-	-	0	4,253	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross operating margin`9900`	40,549	63,616	3,521	140,479	192,705	141,368	133,939	130,390	81,802	6,677	28,472	95,728	128,475	52,750	45,234	-2,110	-15,984	-1,035	-1,799	1,556
Remuneration, social security and pensions`62`	124,525	98,752	102,375	109,818	103,390	76,512	66,145	55,858	48,660	63,151	64,196	50,727	25,859	3,555	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	19,491	20,432	20,357	20,078	27,587	26,494	25,787	29,918	16,357	8,157	10,481	10,760	9,770	5,790	5,062	4,658	2,992	1,203	1,203	996
Other operating charges`640/8`	682	855	1,413	495	1,781	1,653	1,183	2,450	1,197	3,726	1,189	1,553	1,756	597	2,413	762	224	719	510	179
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	229	-	-	-
Operating profit (loss)`9901`	-104,150	-56,423	-120,623	10,088	59,947	36,710	40,824	42,164	15,587	-68,356	-47,394	32,688	91,091	42,808	37,759	-7,530	-19,200	-2,957	-3,512	381
Financial income`75/76B`	0	2	292	0	526	164	663	220	7	115	157	48	460	126	63	35	11	-	3	41
Recurring financial income`75`	0	2	292	0	526	164	663	220	7	115	157	48	460	126	63	35	11	-	3	41
Financial charges`65/66B`	17,623	9,089	5,332	8,253	6,381	9,451	10,889	9,743	13,240	8,865	10,104	7,553	5,226	7,403	7,253	7,034	1,695	85	85	59
Recurring financial charges`65`	17,623	9,089	5,332	8,253	6,381	9,451	10,889	9,743	13,240	8,865	10,104	7,553	5,226	7,403	7,253	7,034	1,695	85	85	59
Profit (loss) for the period before taxes`9903`	-121,772	-65,510	-125,663	1,835	54,093	27,423	30,598	32,641	2,354	-77,106	-57,341	25,183	86,325	35,531	30,569	-14,529	-21,113	-3,042	-3,594	363
Income taxes`67/77`	-	0	41	500	142	2,667	803	129	159	71	74	8,179	26,406	8,085	-	-	-	-	-	6
Profit (loss) for the period`9904`	-121,772	-65,510	-125,704	1,335	53,952	24,757	29,795	32,512	2,196	-77,177	-57,415	17,004	59,919	27,446	30,569	-14,529	-21,113	-3,042	-3,594	357
Transfer from tax-exempt reserves`789`	-	-	-	-	-	362	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	-121,772	-65,510	-125,704	1,335	53,952	25,118	29,795	32,512	2,196	-77,177	-57,415	17,004	59,919	27,446	30,569	-14,561	-21,113	-3,042	-3,594	357
Appropriation of the result
Profit (loss) to be appropriated`9906`	-255,440	-133,667	-125,704	1,335	53,952	25,118	6,828	-22,967	-55,479	-77,177	-57,415	17,004	59,919	15,705	-11,741	-42,310	-27,749	-6,636	-3,594	357
Profit (loss) brought forward from the previous period`14P`	-133,667	-68,157	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	0	57,547	-	-	-	-	-	-	19,503	57,415	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	0	1,335	53,952	25,118	6,828	-	-	-	-	17,004	59,919	15,705	-	-	-	-	-	357
To the legal reserve`6920`	-	-	-	0	2,700	-	400	-	-	-	-	-	-	1,700	-	-	-	-	-	20
To other reserves`6921`	-	-	0	1,335	51,252	25,118	6,428	-	-	-	-	17,004	59,919	14,005	-	-	-	-	-	337
Social balance sheet
Average staff (FTE)`9087`	2	1.8	2.2	2.5	2.8	2.9	2.9	1.5	1.1	1.9	1.9	1.8	1	0.8	-	-	-	-	-	-
Hours worked`1013`	3,299	2,954	3,721	4,555	4,885	4,083	4,220	2,672	1,857	3,314	3,556	3,249	1,671	248	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	30-09-2026	2026-00549420	PDF
31-12-2024	abbreviated format	30-10-2025	2025-00562862	PDF
31-12-2023	abbreviated format	08-10-2024	2024-00507219	PDF
31-12-2022	abbreviated format	19-12-2023	2023-00532738	PDF
31-12-2021	abbreviated format	27-05-2022	2022-20037823	PDF
31-12-2020	abbreviated format	02-07-2021	2021-30400180	PDF
31-12-2019	abbreviated format	29-07-2020	2020-36200397	PDF
31-12-2018	micro format	01-07-2019	2019-25900068	PDF
31-12-2017	micro format	02-07-2018	2018-26400173	PDF
31-12-2016	micro format	25-07-2017	2017-35700223	PDF
31-12-2015	abbreviated format	04-07-2016	2016-27400026	PDF
31-12-2014	abbreviated format	17-07-2015	2015-32000303	PDF
31-12-2013	abbreviated format	02-07-2014	2014-25400263	PDF
31-12-2012	abbreviated format	03-07-2013	2013-26200388	PDF
31-12-2011	abbreviated format	16-07-2012	2012-30200237	PDF
31-12-2010	abbreviated format	30-06-2011	2011-23200179	PDF
31-12-2009	abbreviated format	01-07-2010	2010-25500190	PDF
31-12-2008	abbreviated format	30-06-2009	2009-34300125	PDF
31-12-2007	abbreviated format	09-07-2008	2008-38500172	PDF
31-12-2006	abbreviated format	29-06-2007	2007-32100041	PDF
31-12-2005	abbreviated format	25-07-2006	2006-52701838	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-84,658	-35,991	-100,267	30,166	87,534	63,204	66,611	72,082	31,945	-60,200	-36,913	43,448	100,861	48,598	42,821	-2,872	-16,208	-1,754	-2,309	1,377
Cash flow	-102,281	-45,078	-105,347	21,413	81,538	51,250	55,582	62,429	18,553	-69,021	-46,934	27,764	69,689	33,236	35,631	-9,871	-18,121	-1,839	-2,391	1,353
Investment in fixed assets (approximation)	6,424	6,584	49	12,245	1,828	9,811	4,609	4,323	183,880	19,456	5,395	5,200	17,642	2,184	2,021	7,698	29,917	0	2,067	9,300
Change in cash	-25,746	26,903	-1,953	-49,450	-28,377	68,693	21,675	-269	-3,368	-475	-40,574	13,160	-732	35,435	-10	1,424	689	-1,280	-5,898	-
Working capital	-185,761	-68,491	-8,470	105,087	162,496	84,774	66,347	25,355	-39,058	-27,149	55,417	113,675	82,512	46,907	6,682	-32,510	-11,791	1,086	2,893	7,444
Solvency	-37.1%	-7.0%	11.9%	40.6%	35.1%	23.0%	19.5%	12.9%	3.8%	-11.2%	20.3%	36.5%	36.4%	17.2%	3.8%	-35.1%	-18.6%	87.5%	91.0%	90.5%
Current ratio	0.65	0.82	0.97	1.52	1.84	1.37	1.36	1.14	0.85	0.88	1.31	1.72	1.60	1.41	1.09	0.58	0.76	1.87	3.45	5.83
Quick ratio	0.16	0.20	0.18	0.26	0.75	0.55	0.50	0.23	0.31	0.31	0.23	0.54	0.58	0.54	0.25	0.07	0.12	1.87	3.45	5.83
Debt to equity	-	-	7.41	1.47	1.85	3.34	4.12	6.73	25.00	-	3.93	1.74	1.75	4.82	24.98	-	-	0.14	0.10	0.11
ROE	-	-	-322.4%	0.8%	33.0%	24.0%	38.0%	66.8%	13.6%	-	-112.3%	15.7%	65.5%	86.8%	732.4%	-	-	-32.9%	-29.2%	2.2%
ROA	-30.5%	-17.4%	-38.3%	0.3%	11.6%	5.5%	7.4%	8.6%	0.5%	-33.3%	-22.8%	5.7%	23.8%	14.9%	28.2%	-19.3%	-33.1%	-28.8%	-26.6%	2.0%
Interest coverage	-4.80	-3.96	-18.81	3.66	13.72	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	2	2	2	3	4
full-time	2	1	0	1	2
part-time	0	1	2	2	2
in full-time equivalents	2	1.8	1.7	2.4	2.8
Average over the year, in full-time equivalents	2	1.8	2.2	2.5	2.8
On a permanent contract	2	2	2	3	3
Joined	19	5	0	5	6
Left	19	5	1	6	6

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€579	€5,859	-	€12,245	€1,650
Financial fixed assets	€5,845	€725	€49	-	€178
Depreciation and write-downs of the year	€19,491	€20,432	€20,357	€20,078	€27,587

ESPOO

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-37.1%

Current ratio0.65

Return on assets-30.5%

Staff

Staff cost per FTE€62,263

Joined and left+0

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on ESPOO

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