EXMAR (0860.409.202): financials and annual accounts

EXMAR

Antwerp ·KBO/BCE: BE 0860.409.202

Line	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2010	2009
Balance sheet: assets
Total assets`20/58`	805.2m	457.8m	857.1m	675.1m	708.1m	823.3m	736.8m	762.7m	891.3m	905.1m	905.9m	979.8m	1.06bn	906.8m	914.4m
Fixed assets`21/28`	484.7m	320.5m	280.7m	541.9m	609.2m	703.2m	619.6m	674.6m	681.2m	-	-	-	-	-	-
Intangible fixed assets`21`	-	-	-	9,384	53,401	183,600	141,538	230,696	464,721	656,658	779,834	-	-	-	-
Tangible fixed assets`22/27`	373,175	191,708	71,066	114,818	151,850	230,476	252,900	336,985	522,605	775,541	897,450	189,224	210,946	323,414	310,513
Plant, machinery and equipment`23`	202,030	175,106	36,519	62,325	81,412	142,044	205,946	211,735	302,261	446,254	432,713	-	-	-	-
Furniture and vehicles`24`	171,145	16,602	34,547	52,493	70,438	88,432	46,954	125,250	220,344	329,287	464,737	189,224	210,946	323,414	310,513
Financial fixed assets`28`	484.3m	320.3m	280.6m	541.7m	608.9m	702.8m	619.2m	674.0m	680.2m	666.7m	700.9m	684.6m	771.9m	611.8m	597.6m
Affiliated companies`280/1`	483.8m	320.1m	280.4m	541.5m	608.7m	702.6m	618.9m	673.8m	679.9m	666.4m	700.7m	683.7m	771.0m	609.7m	596.4m
Participating interests`280`	52.0m	118.4m	118.4m	117.5m	117.5m	119.5m	122.4m	122.4m	131.1m	131.1m	185.0m	186.9m	249.2m	155.6m	153.8m
Amounts receivable`281`	431.8m	201.7m	162.0m	424.0m	491.2m	583.1m	496.5m	551.4m	548.8m	535.3m	515.7m	496.8m	521.8m	454.1m	442.6m
Companies linked by participating interests`282/3`	240,551	240,551	240,551	240,551	240,551	240,551	240,551	240,551	240,551	240,551	240,551	240,551	240,551	240,551	240,551
Participating interests`282`	240,551	240,551	240,551	240,551	240,551	240,551	240,551	240,551	240,551	240,551	240,551	240,551	240,551	240,551	240,551
Other financial fixed assets`284/8`	261,642	412	400	420	448	450	450	450	370	370	370	683,006	677,829	1.9m	881,762
Shares`284`	1,605	80	80	80	80	80	80	80	-	-	-	-	-	881,392	881,392
Amounts receivable and cash guarantees`285/8`	260,037	332	320	340	368	370	370	370	370	370	370	683,006	677,829	984,929	370
Current assets`29/58`	320.5m	137.3m	576.4m	133.2m	99.0m	120.1m	117.3m	88.1m	210.1m	237.0m	203.3m	295.0m	285.8m	294.7m	316.5m
Amounts receivable after more than one year`29`	-	-	-	-	-	-	-	-	28.5m	37.5m	46.1m	102.5m	64.1m	78.8m	85.6m
Other amounts receivable`291`	-	-	-	-	-	-	-	-	28.5m	37.5m	46.1m	102.5m	64.1m	78.8m	85.6m
Amounts receivable within one year`40/41`	123.4m	53.7m	79.7m	67.2m	79.9m	70.3m	79.3m	36.8m	61.7m	72.9m	79.2m	59.6m	61.7m	101.1m	127.0m
Trade receivables`40`	5.7m	6.4m	3.5m	3.0m	854,770	2.4m	4.1m	3.4m	739,998	1.6m	4.0m	5.0m	2.6m	5.0m	1.1m
Other amounts receivable`41`	117.8m	47.3m	76.1m	64.3m	79.1m	68.0m	75.2m	33.5m	60.9m	71.3m	75.2m	54.6m	59.1m	96.2m	125.9m
Current investments`50/53`	134.8m	18.1m	489.1m	12.9m	9.0m	17.5m	19.6m	33.8m	51.4m	50.6m	55.0m	74.7m	137.9m	99.7m	61.2m
Own shares`50`	23.3m	16.4m	19.2m	11.1m	7.7m	13.3m	15.6m	19.2m	21.8m	30.1m	31.0m	43.0m	33.6m	24.0m	20.7m
Other investments`51/53`	111.5m	1.7m	469.8m	1.8m	1.4m	4.2m	4.0m	14.6m	29.6m	20.5m	23.9m	31.8m	104.3m	75.7m	40.5m
Cash at bank and in hand`54/58`	60.9m	64.4m	6.7m	52.6m	9.3m	32.0m	18.2m	17.1m	67.6m	75.4m	21.9m	55.8m	21.2m	14.1m	41.7m
Deferred charges and accrued income`490/1`	1.3m	972,584	969,433	439,615	675,171	290,325	235,243	329,440	825,602	611,969	1.1m	2.3m	828,468	987,151	1.1m
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	805.2m	457.8m	857.1m	675.1m	708.1m	823.3m	736.8m	762.7m	891.3m	905.1m	905.9m	979.8m	1.06bn	906.8m	914.4m
Equity`10/15`	599.6m	306.6m	680.7m	564.2m	598.2m	704.1m	659.2m	649.0m	538.0m	548.2m	510.5m	544.4m	564.2m	439.8m	454.9m
Contributions`10/11`	213.4m	213.4m	298.7m	298.7m	298.7m	-	-	-	-	-	-	-	-	-	-
Capital`10`	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m
Issued capital`100`	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m	88.8m
Contributions outside capital`11`	124.6m	124.6m	209.9m	209.9m	209.9m	209.9m	209.9m	209.9m	209.9m	209.9m	209.9m	209.9m	209.9m	209.9m	209.9m
Share premium`1100/10`	124.6m	124.6m	209.9m	209.9m	209.9m	-	-	-	-	-	-	-	-	-	-
Reserves`13`	94.1m	87.2m	90.0m	81.8m	78.4m	84.1m	86.3m	90.0m	92.5m	100.9m	101.8m	113.8m	104.4m	93.0m	88.8m
Non-distributable reserves`130/1`	32.5m	25.7m	28.5m	20.3m	16.9m	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	8.9m	8.9m	8.9m	8.9m	8.9m	8.9m	8.9m	8.9m	8.9m	8.9m	8.9m	8.9m	8.9m	7.1m	6.3m
Reserves not available under the articles`1311`	370,831	370,831	370,831	370,831	-	370,831	370,831	370,832	370,831	370,831	370,831	370,831	370,831	370,831	370,832
Own shares acquired`1312`	23.3m	16.4m	19.2m	11.1m	7.7m	-	-	-	-	-	-	-	-	-	-
Other`1319`	-	-	-	-	370,831	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	61.5m	61.5m	61.5m	61.5m	61.5m	61.5m	61.5m	61.5m	61.5m	61.5m	61.5m	61.5m	61.5m	61.5m	61.5m
Profit (loss) carried forward`14`	292.1m	6.0m	292.0m	183.7m	221.1m	321.3m	274.2m	260.3m	146.8m	148.6m	110.0m	131.9m	161.0m	48.1m	67.4m
Provisions and deferred taxes`16`	2.9m	13.3m	800,000	9.8m	337,362	337,362	337,362	2.7m	2.7m	2.7m	2.7m	2.7m	3.2m	4.2m	4.7m
Provisions for liabilities and charges`160/5`	2.9m	13.3m	800,000	9.8m	337,362	337,362	337,362	2.7m	2.7m	2.7m	2.7m	2.7m	3.2m	4.2m	4.7m
Other liabilities and charges`164/5`	2.9m	13.3m	800,000	9.8m	337,362	337,362	337,362	2.7m	2.7m	-	-	-	-	-	-
Amounts payable`17/49`	202.7m	137.9m	175.6m	101.0m	109.6m	118.9m	77.3m	110.9m	350.6m	354.2m	392.7m	432.7m	490.6m	462.8m	454.8m
Amounts payable after more than one year`17`	79.9m	-	-	-	-	-	-	-	270.2m	285.2m	299.4m	312.7m	325.3m	348.0m	358.2m
Financial debts`170/4`	79.9m	-	-	-	-	-	-	-	270.2m	285.2m	299.4m	312.7m	325.3m	348.0m	358.2m
Credit institutions`173`	-	-	-	-	-	-	-	-	270.2m	285.2m	299.4m	312.7m	325.3m	348.0m	358.2m
Other loans`174`	79.9m	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	122.8m	137.9m	175.6m	101.0m	109.6m	118.9m	77.3m	110.9m	79.1m	-	-	-	-	-	-
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	15.1m	14.7m	14.2m	13.8m	13.4m	12.7m	12.4m
Financial debts`43`	-	-	-	-	3.7m	22.0m	-	-	12.2m	17.0m	4.6m	4.0m	4.5m	17.2m	15.5m
Credit institutions`430/8`	-	-	-	-	3.7m	22.0m	-	-	-	7.7m	4.6m	4.0m	4.5m	17.2m	15.5m
Other loans`439`	-	-	-	-	-	-	-	-	12.2m	9.4m	-	-	-	-	-
Trade debts`44`	4.4m	782,910	10.7m	1.7m	706,314	639,061	1.2m	720,414	757,303	7.6m	2.5m	4.9m	2.0m	5.3m	4.3m
Suppliers`440/4`	4.4m	782,910	10.7m	1.7m	706,314	639,061	1.2m	720,414	757,303	7.6m	2.5m	4.9m	2.0m	5.3m	4.3m
Taxes, remuneration and social security`45`	1.3m	1.2m	979,177	541,396	3.5m	4.2m	2.1m	882,234	448,777	487,260	570,905	386,725	322,920	559,398	471,920
Taxes`450/3`	394,897	541,291	246,800	140,941	3.2m	3.9m	1.7m	387,906	113,722	126,607	145,681	98,053	79,098	136,884	97,404
Remuneration and social security`454/9`	863,922	697,502	732,377	400,455	364,024	332,173	335,031	494,328	335,055	360,653	425,224	288,672	243,822	422,514	374,516
Other amounts payable`47/48`	117.2m	135.8m	163.9m	98.8m	101.7m	92.0m	74.0m	109.3m	50.6m	28.0m	69.0m	72.9m	57.8m	36.9m	49.3m
Accrued charges and deferred income`492/3`	-	10,829	13,951	15,346	5,113	14,068	-	-	1.3m	1.1m	2.4m	24.0m	87.3m	42.2m	14.7m
Income statement
Operating income`70/76A`	5.7m	6.1m	4.2m	7.9m	3.3m	3.5m	3.8m	5.7m	3.6m	-	-	-	-	-	-
Turnover`70`	5.3m	5.7m	3.3m	4.3m	3.2m	3.3m	3.6m	5.6m	3.6m	4.8m	7.3m	1.7m	1.3m	1.3m	1.2m
Other operating income`74`	403,768	383,788	101,350	226,821	107,859	226,192	219,683	45,355	26,333	60,731	78,269	123,109	95,820	23,682	67,424
Non-recurring operating income`76A`	-	-	802,338	3.3m	-	-	-	-	-	-	-	-	-	-	-
Operating charges`60/66A`	9.2m	28.4m	15.0m	12.4m	9.9m	9.1m	9.6m	10.8m	7.8m	-	-	-	-	-	-
Services and other goods`61`	13.7m	10.5m	10.7m	7.6m	6.3m	5.8m	7.6m	6.9m	4.4m	19.6m	11.8m	6.0m	3.7m	4.6m	3.4m
Remuneration, social security and pensions`62`	5.4m	5.0m	4.2m	3.6m	3.2m	2.9m	3.2m	3.2m	2.6m	3.1m	2.8m	2.4m	2.3m	2.4m	2.1m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	118,077	55,550	64,739	125,797	238,823	260,972	362,338	569,178	618,722	655,655	162,448	103,348	107,572	116,381	99,240
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-	40,419	-	-	-	-	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-10.4m	12.5m	-337,362	800,000	-	-	-2.4m	-	-	-	-	-	-	-	-
Other operating charges`640/8`	504,894	408,029	382,848	224,347	165,978	182,880	443,079	187,454	172,001	168,755	147,996	181,783	16,822	18,339	30,644
Non-recurring operating charges`66A`	-	-	-	749	-	-	258,945	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	-3.5m	-22.3m	-10.8m	-4.5m	-6.6m	-5.5m	-5.7m	-5.2m	-4.2m	-18.6m	-7.5m	-6.3m	-4.4m	-5.3m	-3.9m
Financial income`75/76B`	302.0m	36.3m	268.9m	15.5m	-	-	-	-	-	-	-	-	-	-	-
Recurring financial income`75`	202.0m	33.0m	260.2m	15.5m	21.1m	35.7m	24.8m	38.2m	41.3m	142.7m	33.5m	68.3m	70.6m	34.5m	64.2m
Income from financial fixed assets`750`	196.0m	14.9m	254.4m	14.0m	19.2m	33.2m	22.3m	32.5m	37.3m	138.8m	22.3m	24.7m	60.1m	24.7m	20.1m
Income from current assets`751`	5.8m	18.0m	5.0m	311,854	730,508	2.0m	1.8m	3.2m	3.1m	3.6m	5.3m	5.6m	7.2m	6.1m	10.6m
Other financial income`752/9`	130,691	42,369	862,016	1.3m	1.2m	588,099	706,271	2.4m	943,193	294,619	6.0m	38.1m	3.3m	3.7m	33.5m
Non-recurring financial income`76B`	100.0m	3.4m	8.7m	-	-	22.6m	-	95.2m	67	-	-	-	-	-	-
Financial charges`65/66B`	4.5m	11.6m	21.8m	39.5m	98.5m	5.8m	7.6m	16.8m	40.7m	-	-	-	-	-	-
Recurring financial charges`65`	4.5m	11.6m	-349,348	-3.7m	10.5m	5.1m	7.6m	13.8m	16.2m	12.9m	25.3m	9.9m	33.6m	55.0m	36.6m
Debt charges`650`	9.0m	4.4m	7.2m	98,278	1.2m	1.8m	1.7m	8.4m	6.2m	4.8m	10.9m	20.6m	16.2m	15.2m	15.1m
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)`651`	-6.9m	-1.6m	-11.5m	-5.4m	5.7m	2.3m	1.6m	1.3m	-192,867	1.3m	1.6m	-18.7m	-9.4m	1.6m	2.4m
Other financial charges`652/9`	2.3m	8.8m	3.9m	1.7m	3.6m	1.0m	4.3m	4.0m	10.2m	6.7m	12.8m	8.0m	26.9m	38.2m	19.1m
Non-recurring financial charges`66B`	-	-	22.2m	43.1m	88.0m	725,000	-	3.0m	24.5m	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	294.0m	2.4m	236.3m	-28.4m	-84.0m	47.0m	11.5m	111.4m	-3.6m	57.3m	4.3m	52.1m	161.4m	17.3m	18.6m
Income taxes`67/77`	999,312	-191,653	276,385	199,506	13,378	2.1m	1.3m	311,897	-2,409	7,638	769,638	2,130	3,147	-	-
Taxes`670/3`	999,312	6,983	280,940	226,601	17,198	3.5m	1.3m	311,897	1,962	7,638	769,638	2,276	3,147	-	-
Tax adjustments and reversals of tax provisions`77`	-	198,636	4,555	27,095	3,820	1.4m	-	-	4,371	-	-	146	-	-	-
Profit (loss) for the period`9904`	293.0m	2.6m	236.0m	-28.6m	-84.0m	44.9m	10.2m	111.1m	-3.6m	57.3m	3.5m	52.1m	161.4m	17.3m	18.6m
Profit (loss) for the period to be appropriated`9905`	293.0m	2.6m	236.0m	-28.6m	-84.0m	44.9m	10.2m	111.1m	-3.6m	57.3m	3.5m	52.1m	161.4m	17.3m	18.6m
Appropriation of the result
Profit (loss) to be appropriated`9906`	299.0m	294.6m	419.7m	192.4m	237.3m	319.1m	270.5m	257.8m	145.0m	167.3m	135.4m	213.1m	201.3m	84.7m	72.4m
Profit (loss) brought forward from the previous period`14P`	6.0m	292.0m	183.7m	221.1m	321.3m	274.2m	260.3m	146.8m	148.6m	110.0m	131.9m	161.0m	39.9m	67.4m	53.8m
Transfer from equity`791/2`	-	88.0m	-	-	5.7m	2.2m	3.7m	2.5m	8.3m	959,541	11.9m	-	-	-	4.5m
Withdrawal from contributions`791`	-	85.3m	-	-	-	-	-	-	-	-	-	-	-	-	-
From reserves`792`	-	2.8m	-	-	5.7m	2.2m	3.7m	2.5m	8.3m	959,541	11.9m	-	-	-	4.5m
Transfer to equity`691/2`	6.9m	-	8.1m	3.4m	-	-	-	-	-	-	-	9.3m	8.8m	4.1m	930,745
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	864,687	930,745
To other reserves`6921`	6.9m	-	8.1m	3.4m	-	-	-	-	-	-	-	9.3m	8.8m	3.3m	-
Profit to be distributed`694/7`	-	376.7m	119.5m	5.4m	21.9m	-	-	-	6.6m	-	-	-	-	-	-
Return on contributions (dividend)`694`	-	376.7m	119.5m	5.4m	21.9m	-	-	-	6.6m	19.6m	37.4m	71.9m	31.4m	32.4m	8.6m
Social balance sheet
Average staff (FTE)`9087`	39.4	37.8	35.8	32.5	25.7	24.9	26.8	26.6	24.1	23.9	16.6	13.7	12.8	13.4	12.3
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	consolidated	29-06-2026	2026-00234305	PDF
31-12-2025	full format	15-06-2026	2026-00169604	PDF
31-12-2024	consolidated	08-07-2025	2025-00261185	PDF
31-12-2024	full format	13-06-2025	2025-00145587	PDF
31-12-2023	full format	19-06-2024	2024-00160642	PDF
31-12-2023	consolidated	18-06-2024	2024-00146645	PDF
31-12-2022	consolidated	01-06-2023	2023-00106974	PDF
31-12-2022	full format	24-05-2023	2023-00099016	PDF
31-12-2021	consolidated	27-06-2022	2022-20120475	PDF
31-12-2021	full format	22-06-2022	2022-20135411	PDF
31-12-2020	consolidated	24-06-2021	2021-24200365	PDF
31-12-2020	full format	09-06-2021	2021-19800463	PDF
31-12-2019	consolidated	18-06-2020	2020-18300218	PDF
31-12-2019	full format	10-06-2020	2020-16000397	PDF
31-12-2018	consolidated	17-06-2019	2019-19200221	PDF
31-12-2018	full format	13-06-2019	2019-18300511	PDF
31-12-2017	consolidated	15-06-2018	2018-19200216	PDF
31-12-2017	full format	18-05-2018	2018-13300203	PDF
31-12-2016	consolidated	12-06-2017	2017-16600430	PDF
31-12-2016	full format	06-06-2017	2017-15500286	PDF
31-12-2015	full format	15-06-2016	2016-18600193	PDF
31-12-2015	consolidated	15-06-2016	2016-18600003	PDF
31-12-2014	consolidated	02-07-2015	2015-27300421	PDF
31-12-2014	full format	11-06-2015	2015-17700540	PDF
31-12-2013	consolidated	04-07-2014	2014-28000545	PDF
31-12-2013	full format	19-06-2014	2014-20100244	PDF
31-12-2012	full format	14-06-2013	2013-18200499	PDF
31-12-2012	consolidated	12-06-2013	2013-18200148	PDF
31-12-2011	consolidated	13-06-2012	2012-17000599	PDF
31-12-2011	full format	12-06-2012	2012-16700278	PDF
31-12-2010	full format	21-06-2011	2011-19000119	PDF
31-12-2010	consolidated	10-06-2011	2011-16600226	PDF
31-12-2009	full format	15-06-2010	2010-18000464	PDF
31-12-2009	consolidated	11-06-2010	2010-17700385	PDF
31-12-2008	consolidated	11-06-2009	2009-22100118	PDF
31-12-2008	full format	10-06-2009	2009-21900162	PDF
31-12-2007	full format	06-06-2008	2008-19800371	PDF
31-12-2007	consolidated	05-06-2008	2008-19300281	PDF
31-12-2006	full format	12-06-2007	2007-21100038	PDF
31-12-2006	consolidated	11-06-2007	2007-19700281	PDF
31-12-2005	consolidated	29-06-2006	2006-33900240	PDF
31-12-2005	full format	14-06-2006	2006-23400089	PDF
31-12-2004	consolidated	29-06-2005	2005-34800208	PDF
31-12-2004	full format	10-06-2005	2005-22700095	PDF
31-12-2003	consolidated	11-06-2004	2004-25400115	PDF
31-12-2003	full format	25-05-2004	2004-17100213	PDF

Line	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2010	2009
Investment in fixed assets	311,308	176,192	975,775	65,440	28,878	280,610	192,682	154,428	193,895	432,721	4.5m	2.9m	131.9m	3.8m	5.7m
Change in cash	-3.5m	57.7m	-45.9m	43.3m	-22.6m	13.8m	1.1m	-50.6m	-7.7m	53.4m	-33.9m	34.6m	-	-27.6m	-
EBIT margin	-65.6%	-	-	-	-	-	-	-91.9%	-	-	-	-	-	-	-
Solvency	74.5%	67.0%	79.4%	83.6%	84.5%	85.5%	89.5%	85.1%	60.4%	60.6%	56.4%	55.6%	53.3%	48.5%	49.8%
ROE	48.9%	0.9%	34.7%	-5.1%	-14.0%	6.4%	1.5%	17.1%	-0.7%	10.5%	0.7%	9.6%	28.6%	3.9%	4.1%
ROA	36.4%	0.6%	27.5%	-4.2%	-11.9%	5.5%	1.4%	14.6%	-0.4%	6.3%	0.4%	5.3%	15.3%	1.9%	2.0%

Item	2024	2023	2022	2021	2020
Tangible fixed assets	€311,308	€176,192	€11,605	€44,749	€28,878
Financial fixed assets	-	-	€964,170	€20,691	-
Depreciation and write-downs of the year	€118,077	€55,550	€64,739	€125,797	€238,823

EXMAR

Annual accounts 2024

Money flows

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency74.5%

Return on assets36.4%

Staff

Staff cost per FTE€135,847

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2024, 1 entry, €9,000 awarded, €9,000 paid

Key figures and ratios

Investments

Auditor

Insights on EXMAR

Next steps