FAILSAFE (0431.214.290): financials and annual accounts

FAILSAFE

Antwerp ·KBO/BCE: BE 0431.214.290

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	3.9m	3.4m	1.4m	1.4m	1.3m	1.4m	1.2m	1.2m	1.2m	985,563	962,628	827,376	760,073	829,772	777,767	819,971	734,869	836,320	720,549
Fixed assets`21/28`	1.6m	1.5m	92,393	106,541	102,383	123,729	75,468	62,830	62,738	60,039	35,251	41,043	53,981	55,234	69,689	90,705	109,784	120,747	152,939
Intangible fixed assets`21`	1,398	2,516	1,583	2,517	5,036	6,241	10,104	11,988	7,533	-	-	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	173,242	78,812	90,570	103,784	97,107	117,248	65,364	50,842	55,205	60,039	35,251	41,043	53,981	55,234	69,689	90,705	109,784	120,747	152,939
Land and buildings`22`	21,815	21,815	21,815	21,815	21,815	21,815	21,815	21,814	21,815	21,815	21,815	21,815	31,854	41,894	51,934	61,973	72,013	82,053	92,092
Plant, machinery and equipment`23`	15,243	28,722	54,479	57,214	46,033	55,505	19,805	1,739	4,452	512	354	1,196	2,038	2,102	1,423	2,846	3,415	6,656	7,819
Furniture and vehicles`24`	28,556	28,276	14,277	24,755	29,259	39,928	23,744	27,289	28,938	37,712	13,082	18,032	20,088	11,238	16,332	25,885	34,355	32,039	53,027
Leasing and similar rights`25`	107,628	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	1.4m	1.4m	240	240	240	240	-	-	-	-	-	-	-	-	-	-	-	-	-
Current assets`29/58`	2.3m	1.9m	1.3m	1.3m	1.2m	1.2m	1.1m	1.2m	1.2m	925,524	927,378	786,334	706,093	774,538	708,078	729,266	625,085	715,573	567,611
Amounts receivable after more than one year`29`	-	263,216	296,028	317,517	338,704	359,591	380,184	400,487	420,503	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	-	263,216	296,028	317,517	338,704	359,591	380,184	400,487	420,503	-	-	-	-	-	-	-	-	-	-
Stocks and contracts in progress`3`	349,863	106,634	104,129	107,715	108,961	115,046	132,502	158,059	159,605	161,040	161,941	96,303	114,863	119,905	140,163	120,910	118,708	141,217	120,708
Stocks`30/36`	112,623	106,634	104,129	107,715	108,961	115,046	132,502	158,059	159,605	161,040	161,941	96,303	114,863	119,905	140,163	120,910	118,708	141,217	120,708
Contracts in progress`37`	237,240	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	1.6m	1.0m	639,390	513,747	443,420	482,285	416,852	376,673	356,128	375,965	593,776	468,919	329,135	390,331	263,710	397,119	359,029	359,178	377,817
Trade receivables`40`	738,601	743,581	327,998	275,369	323,102	322,766	301,201	250,077	241,588	354,407	571,813	400,778	305,142	332,719	233,977	370,232	294,567	323,057	359,429
Other amounts receivable`41`	820,896	267,979	311,392	238,378	120,318	159,519	115,651	126,596	114,540	21,557	21,963	68,141	23,992	57,612	29,733	26,887	64,462	36,121	18,388
Cash at bank and in hand`54/58`	349,640	501,913	269,833	340,253	280,121	270,822	184,372	231,288	243,408	387,268	164,554	220,244	256,678	263,434	300,628	151,955	105,130	193,325	68,233
Deferred charges and accrued income`490/1`	15,986	9,978	3,190	33,897	4,788	2,465	6,881	8,566	5,278	1,251	7,107	868	5,417	868	3,578	59,282	42,219	21,853	853
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	3.9m	3.4m	1.4m	1.4m	1.3m	1.4m	1.2m	1.2m	1.2m	985,563	962,628	827,376	760,073	829,772	777,767	819,971	734,869	836,320	720,549
Equity`10/15`	1.1m	944,567	494,394	492,194	446,193	410,136	371,907	335,774	334,574	464,984	568,034	503,120	460,091	569,267	534,992	520,716	468,457	454,388	438,284
Contributions`10/11`	45,000	45,000	45,000	45,000	45,000	-	45,000	45,000	45,000	45,000	45,000	45,000	45,000	45,000	45,000	45,000	45,000	45,000	44,621
Issued capital`100`	-	-	-	-	-	-	45,000	45,000	45,000	45,000	45,000	45,000	45,000	45,000	45,000	45,000	45,000	45,000	44,621
Contributions outside capital`11`	-	-	-	-	-	45,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Share premium`1100/10`	-	-	-	-	-	45,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserves`13`	899,500	899,500	444,500	444,500	394,500	354,500	314,500	284,500	284,500	419,984	523,034	458,120	415,091	524,267	489,992	475,716	423,457	409,388	393,663
Non-distributable reserves`130/1`	4,500	4,500	-	-	4,500	4,500	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	4,500	4,500	4,500	4,500	4,500	4,500	4,500	4,500	4,500	4,500	4,500	4,500	4,462
Reserves not available under the articles`1311`	4,500	4,500	-	-	4,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other`1319`	-	-	-	-	-	4,500	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000
Distributable reserves`133`	885,000	885,000	434,500	434,500	380,000	340,000	300,000	270,000	270,000	405,484	508,534	443,620	400,591	509,767	475,492	461,216	408,957	394,888	379,201
Profit (loss) carried forward`14`	205,106	67	4,894	2,694	6,693	10,636	12,407	6,274	5,074	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	2.7m	2.5m	910,569	927,476	832,184	943,802	824,352	902,129	913,086	520,578	394,595	324,257	299,982	260,505	242,775	299,255	266,412	381,932	282,266
Amounts payable after more than one year`17`	1.3m	1.7m	262,638	305,167	347,059	388,580	359,530	394,666	429,218	14,769	5,361	10,754	20,266	24,733	42,298	58,929	74,691	75,656	102,971
Financial debts`170/4`	1.3m	1.7m	262,638	305,167	347,059	388,580	359,530	394,666	429,218	14,769	5,361	10,754	20,266	24,733	42,298	58,929	74,691	75,656	102,971
Amounts payable within one year`42/48`	1.4m	721,559	647,931	622,309	485,125	555,222	464,822	507,463	483,868	505,809	389,234	313,355	279,567	235,089	195,349	240,325	191,722	306,276	159,375
Current portion of amounts payable after more than one year`42`	268,368	67,480	55,887	55,225	54,855	35,890	48,494	47,900	34,593	8,791	5,393	14,277	19,047	17,565	16,631	15,761	23,752	27,316	27,617
Financial debts`43`	-	-	-	-	-	19,896	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit institutions`430/8`	-	-	-	-	-	19,896	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	694,587	591,587	280,888	286,078	232,209	252,947	227,610	261,852	230,557	311,948	237,534	175,492	91,299	182,212	140,208	187,440	139,640	249,308	94,054
Suppliers`440/4`	694,587	591,587	280,888	286,078	232,209	252,947	227,610	261,852	230,557	311,948	237,534	175,492	91,299	182,212	140,208	187,440	139,640	249,308	94,054
Advances received on contracts in progress`46`	259,402	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	149,673	53,179	45,811	55,660	34,554	51,400	22,442	28,409	18,419	18,558	34,664	10,988	10,878	10,144	14,941	23,485	10,138	10,564	21,488
Taxes`450/3`	67,699	32,325	4,245	5,175	1,919	4,297	-	-	335	-	13,054	-	-	-	4,517	13,500	-	-	-
Remuneration and social security`454/9`	81,974	20,854	41,566	50,485	32,635	47,103	22,442	28,409	18,084	18,558	21,610	10,988	10,878	10,144	10,424	9,985	10,138	10,564	21,488
Other amounts payable`47/48`	1,830	9,313	265,346	225,346	163,507	195,089	166,276	169,302	200,299	166,513	111,644	112,598	158,344	25,168	23,569	13,639	18,192	19,089	16,216
Accrued charges and deferred income`492/3`	47	-	-	-	-	-	-	-	-	-	-	149	149	683	5,129	-	-	-	19,919
Income statement
Non-recurring operating income`76A`	-	-	-	-	8,400	-	6,453	-	793	-	-	-	-	-	12,956	22,078	19,490	6,834	8,967
Gross operating margin`9900`	993,429	486,761	723,490	640,260	584,404	607,052	464,633	496,190	276,196	325,745	314,275	270,804	279,218	253,978	243,923	247,974	267,822	378,901	614,347
Remuneration, social security and pensions`62`	606,188	181,708	379,027	290,101	318,286	296,615	192,972	263,408	145,765	185,534	199,076	186,284	184,567	176,215	176,173	163,709	198,333	310,630	388,095
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	36,146	12,266	34,206	31,560	32,697	31,431	23,998	16,423	19,184	15,708	8,425	19,934	26,293	21,896	25,677	27,091	38,252	39,164	42,862
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	1,714	-	-	1,018	-	7,313	-214	40,422	14,250	-	9,533	10,202	14,714	-	-	-	-
Other operating charges`640/8`	12,758	4,379	5,831	6,735	6,611	5,953	5,950	10,429	6,648	5,900	5,882	5,744	5,708	6,896	6,866	5,665	6,310	5,811	5,485
Non-recurring operating charges`66A`	4,254	-	-	-	-	551	-	-	-	559	-	-	-	-	-	5,992	28,963	5,758	16,086
Operating profit (loss)`9901`	334,083	288,407	302,713	311,864	226,810	271,484	241,713	198,617	104,813	78,182	86,642	58,841	53,117	38,770	20,493	51,510	24,927	23,295	177,905
Financial income`75/76B`	14,383	2,245	10,757	6,285	5,856	11,634	6,528	6,672	5,174	4,160	8,228	4,916	6,745	8,707	4,617	6,330	11,142	4,396	2,921
Recurring financial income`75`	14,383	2,245	7,816	6,285	5,856	11,634	6,528	6,672	5,174	4,160	8,228	4,916	6,745	8,707	4,617	6,330	11,142	4,396	2,921
Non-recurring financial income`76B`	-	-	2,940	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	69,149	9,184	7,021	6,971	8,137	8,613	7,572	8,944	6,397	1,435	1,521	3,402	4,263	3,894	7,670	8,244	9,053	7,865	10,159
Recurring financial charges`65`	69,149	9,152	7,021	6,971	8,137	8,613	7,572	8,944	6,397	1,435	1,521	3,402	4,263	3,894	7,670	8,244	9,053	7,865	10,159
Non-recurring financial charges`66B`	-	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	279,317	281,469	306,448	311,178	224,529	274,505	240,669	196,345	103,590	80,347	93,350	60,355	55,600	43,583	30,396	65,682	17,544	20,902	163,549
Income taxes`67/77`	74,278	72,325	44,248	45,177	30,972	46,276	39,536	28,645	34,000	18,396	28,436	17,326	14,776	9,308	16,120	13,423	3,475	4,797	56,834
Profit (loss) for the period`9904`	205,039	209,144	262,200	266,001	193,557	228,229	201,133	167,700	69,590	61,951	64,914	43,028	40,825	34,275	14,276	52,259	14,069	16,104	106,716
Profit (loss) for the period to be appropriated`9905`	205,039	209,144	262,200	266,001	193,557	228,229	201,133	167,700	69,590	61,951	64,914	43,028	40,825	34,275	14,276	52,259	14,069	16,104	106,716
Appropriation of the result
Profit (loss) to be appropriated`9906`	205,106	210,067	264,894	272,694	204,193	240,636	207,407	172,774	69,590	61,951	64,914	43,028	40,825	34,275	14,276	52,259	14,069	16,104	106,716
Profit (loss) brought forward from the previous period`14P`	67	923	2,694	6,693	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	-	-	-	-	135,484	103,049	-	-	109,176	-	-	-	-	-	-
Transfer to equity`691/2`	-	210,000	-	50,000	40,000	40,000	30,000	-	-	-	64,914	43,028	-	34,275	14,276	52,259	14,069	16,104	106,716
Addition to contributions`691`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	379	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	-
To other reserves`6921`	-	210,000	-	50,000	40,000	40,000	30,000	-	-	-	64,914	43,028	-	34,275	14,276	52,259	14,069	15,687	106,716
Profit to be distributed`694/7`	-	-	260,000	220,000	157,500	190,000	165,000	166,500	200,000	165,000	-	-	150,000	-	-	-	-	-	-
Return on contributions (dividend)`694`	-	-	125,000	90,000	52,500	85,000	60,000	53,500	200,000	165,000	-	-	150,000	-	-	-	-	-	-
Directors or managers`695`	-	-	135,000	130,000	105,000	105,000	105,000	113,000	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	7.8	5.3	6	5.2	5.3	5.3	3.6	4.8	2.6	2.8	3	3	3	3	3	3	3.5	6	7.6
Hours worked`1013`	13,530	9,162	9,926	8,384	8,442	7,469	5,625	7,370	3,966	5,552	4,520	5,380	4,844	4,978	5,219	4,945	6,186	9,905	13,528
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	01-07-2026	2026-00241389	PDF
31-12-2024	abbreviated format	04-04-2025	2025-00064828	PDF
30-06-2024	abbreviated format	24-02-2025	2025-00039184	PDF
30-06-2023	abbreviated format	22-01-2024	2024-00005136	PDF
30-06-2022	abbreviated format	09-01-2023	2023-20556138	PDF
30-06-2021	abbreviated format	11-02-2022	2022-05500535	PDF
30-06-2020	abbreviated format	22-01-2021	2021-01500381	PDF
30-06-2019	abbreviated format	23-01-2020	2020-02100007	PDF
30-06-2018	abbreviated format	22-02-2019	2019-05500586	PDF
30-06-2017	abbreviated format	04-01-2018	2018-00300502	PDF
30-06-2016	abbreviated format	20-12-2016	2016-70600284	PDF
30-06-2015	abbreviated format	21-01-2016	2016-02400527	PDF
30-06-2014	abbreviated format	30-12-2014	2014-70900245	PDF
30-06-2013	abbreviated format	23-01-2014	2014-01300345	PDF
30-06-2012	abbreviated format	27-12-2012	2012-67800176	PDF
30-06-2011	abbreviated format	23-01-2012	2012-01300566	PDF
30-06-2010	abbreviated format	20-12-2010	2010-63600133	PDF
30-06-2009	abbreviated format	21-01-2010	2010-01900188	PDF
30-06-2008	abbreviated format	20-02-2009	2009-05300308	PDF
30-06-2007	abbreviated format	04-02-2008	2008-03600280	PDF
30-06-2006	abbreviated format	29-01-2007	2007-03601698	PDF
30-06-2005	abbreviated format	13-02-2006	2006-04805021	PDF
30-06-2004	abbreviated format	04-02-2005	2005-04501553	PDF
30-06-2003	abbreviated format	16-01-2004	2004-01700373	PDF
30-06-2002	abbreviated format	05-02-2003	2003-03505357	PDF
30-06-2001	abbreviated format	31-10-2002	2002-70001461	PDF
30-06-2000	abbreviated format	07-02-2001	2001-03701239	PDF
30-06-1999	abbreviated format	29-02-2000	2000-04803612	PDF
30-06-1998	abbreviated format	26-02-1999	1999-03801247	PDF
30-06-1997	abbreviated format	08-12-1997	1997-56002800	PDF
30-06-1996	abbreviated format	20-03-1997	1997-03803837	PDF
30-06-1995	abbreviated format	16-02-1996	1996-02503981	PDF
30-06-1994	abbreviated format	30-01-1995	1995-01504447	PDF
30-06-1993	abbreviated format	31-01-1994	1994-01603594	PDF
30-06-1991	abbreviated format	03-12-1991	1991-31704718	PDF
30-06-1990	abbreviated format	09-01-1991	1991-00402896	PDF
30-06-1989	abbreviated format	01-12-1989	1989-26403517	PDF
30-06-1988	abbreviated format	22-06-1989	1989-10201135	PDF

Year	Entries	Awarded	Paid
2025	1	€940	€940
2024	1	€489	€474
2023	1	€380	€380
2022	2	€1,220	€1,220

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	370,229	300,673	336,919	343,424	259,507	302,915	265,711	215,040	123,997	93,889	95,068	78,776	79,411	60,666	46,169	78,601	63,179	62,459	220,767
Cash flow	241,185	221,410	296,406	297,561	226,254	259,660	225,131	184,123	88,774	77,658	73,339	62,963	67,118	56,171	39,952	79,350	52,321	55,269	149,578
Investment in fixed assets	129,483	1.4m	20,960	35,718	11,351	79,692	36,636	16,515	21,883	40,496	2,633	6,996	25,040	7,441	4,661	8,012	27,289	6,973	36,939
Change in cash	-152,273	232,080	-70,420	60,132	9,299	86,450	-46,916	-12,120	-143,860	222,714	-55,690	-36,434	-6,756	-37,194	148,673	46,825	-88,196	125,092	-
Working capital	901,126	1.2m	664,639	690,820	690,869	674,987	655,969	667,610	701,054	419,715	538,144	472,979	426,525	539,449	512,729	488,940	433,364	409,297	408,236
Solvency	29.7%	27.8%	35.2%	34.7%	34.9%	30.3%	31.1%	27.1%	26.8%	47.2%	59.0%	60.8%	60.5%	68.6%	68.8%	63.5%	63.7%	54.3%	60.8%
Current ratio	1.66	2.62	2.03	2.11	2.42	2.22	2.41	2.32	2.45	1.83	2.38	2.51	2.53	3.29	3.62	3.03	3.26	2.34	3.56
Quick ratio	1.40	2.48	1.87	1.94	2.20	2.01	2.13	2.00	2.12	1.51	1.97	2.20	2.11	2.78	2.91	2.53	2.64	1.88	2.80
Debt to equity	2.37	2.59	1.84	1.88	1.87	2.30	2.22	2.69	2.73	1.12	0.69	0.64	0.65	0.46	0.45	0.57	0.57	0.84	0.64
ROE	17.8%	22.1%	53.0%	54.0%	43.4%	55.6%	54.1%	49.9%	20.8%	13.3%	11.4%	8.6%	8.9%	6.0%	2.7%	10.0%	3.0%	3.5%	24.3%
ROA	5.3%	6.2%	18.7%	18.7%	15.1%	16.9%	16.8%	13.5%	5.6%	6.3%	6.7%	5.2%	5.4%	4.1%	1.8%	6.4%	1.9%	1.9%	14.8%
Interest coverage	5.35	32.85	47.99	49.26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	30-06-2024	30-06-2023	30-06-2022
Employees at the balance-sheet date	9	5	5	5	6
full-time	8	5	5	5	6
part-time	1	-	-	-	-
in full-time equivalents	8.8	5	5	5	6
Average over the year, in full-time equivalents	7.8	5.3	5.3	6	5.2
On a permanent contract	9	5	5	5	6
Joined	5	14	14	3	4
Left	5	14	14	4	3

FAILSAFE

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency29.7%

Current ratio1.66

Return on assets5.3%

Staff

Staff cost per FTE€77,716

Joined and left+0

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 5 entries, €3,029 awarded, €3,014 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Public contracts

Insights on FAILSAFE

Next steps

Item	2025	2024	30-06-2024	30-06-2023	30-06-2022
Pledge on the business	€3.9m	-	-	-	-
Pledge on other assets, amount secured	€1.5m	-	-	-	-
Carrying value of the other pledged assets	€1.4m	-	-	-	-

Item	2025	2024	30-06-2024	30-06-2023	30-06-2022
Tangible fixed assets	€129,458	€24,215	€10,219	€20,960	€35,718
Intangible fixed assets	-	€1,741	-	-	-
Financial fixed assets	€25	€1.4m	-	-	-
Depreciation and write-downs of the year	€36,146	€12,266	€29,895	€34,206	€31,560