EXPLOITATIEMAATSCHAPPIJ HBAZ (1007.015.396): financials and annual accounts

EXPLOITATIEMAATSCHAPPIJ HBAZ

Bruges ·KBO/BCE: BE 1007.015.396

Line	Trend	2025
Balance sheet: assets
Total assets`20/58`		27.6m
Formation expenses`20`		22,307
Fixed assets`21/28`		25.3m
Intangible fixed assets`21`		28,373
Tangible fixed assets`22/27`		25.3m
Plant, machinery and equipment`23`		156,112
Furniture and vehicles`24`		21,098
Leasing and similar rights`25`		25.1m
Financial fixed assets`28`		5,220
Current assets`29/58`		2.3m
Stocks and contracts in progress`3`		48,714
Stocks`30/36`		48,714
Amounts receivable within one year`40/41`		1.8m
Trade receivables`40`		369,249
Other amounts receivable`41`		1.5m
Cash at bank and in hand`54/58`		298,135
Deferred charges and accrued income`490/1`		65,240
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`		27.6m
Equity`10/15`		-1.2m
Contributions`10/11`		200,000
Profit (loss) carried forward`14`		-1.4m
Amounts payable`17/49`		28.9m
Amounts payable after more than one year`17`		24.0m
Trade debts`175`		24.0m
Amounts payable within one year`42/48`		4.8m
Current portion of amounts payable after more than one year`42`		1.1m
Trade debts`44`		2.9m
Suppliers`440/4`		2.9m
Taxes, remuneration and social security`45`		188,286
Taxes`450/3`		10,363
Remuneration and social security`454/9`		177,923
Other amounts payable`47/48`		668,811
Income statement
Gross operating margin`9900`		1.1m
Remuneration, social security and pensions`62`		1.5m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`		825,400
Other operating charges`640/8`		179,757
Operating profit (loss)`9901`		-1.4m
Financial income`75/76B`		1,166
Recurring financial income`75`		1,166
Financial charges`65/66B`		45,552
Recurring financial charges`65`		45,552
Profit (loss) for the period before taxes`9903`		-1.4m
Income taxes`67/77`		402
Profit (loss) for the period`9904`		-1.4m
Profit (loss) for the period to be appropriated`9905`		-1.4m
Appropriation of the result
Profit (loss) to be appropriated`9906`		-1.4m
Social balance sheet
Average staff (FTE)`9087`		27.1
Hours worked`1013`		41,347
Document		PDF

Line	Trend	2025
EBITDA		-575,068
Cash flow		-619,856
Investment in fixed assets		26.2m
Working capital		-2.6m
Solvency		-4.5%
Current ratio		0.47
Quick ratio		0.46
ROA		-5.2%
Interest coverage		-12.62

Item	31-12-2025
Employees at the balance-sheet date	26
full-time	21
part-time	5
in full-time equivalents	22.6
Average over the year, in full-time equivalents	27.1
On a permanent contract	19
Joined	237
Left	235
Training hours	821

Item	2025
Tangible fixed assets	€26.1m
Intangible fixed assets	€42,570
Financial fixed assets	€5,220
Depreciation and write-downs of the year	€825,400

EXPLOITATIEMAATSCHAPPIJ HBAZ

Annual accounts 2025

Balance sheet

Position in the sector

Solvency-4.5%

Current ratio0.47

Return on assets-5.2%

Staff

Staff cost per FTE€54,674

Joined and left+2

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2025, 1 entry, €1,000 awarded, €1,000 paid

Key figures and ratios

Social balance sheet

Investments

Insights on EXPLOITATIEMAATSCHAPPIJ HBAZ

Next steps