FDK (0420.530.929): financials and annual accounts

FDK

Bruges ·KBO/BCE: BE 0420.530.929

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`	7.0m	4.1m	3.7m	2.7m	2.1m	2.1m	2.2m	1.7m	1.0m	1.0m	570,502	654,876	764,913	662,798	638,242	608,600	735,015	489,345	451,855	306,226
Fixed assets`21/28`	1.9m	316,134	207,890	174,556	238,106	305,501	380,973	272,056	195,127	112,627	91,672	130,149	165,435	125,329	144,510	152,813	168,540	163,169	136,603	84,212
Intangible fixed assets`21`	1,423	2,239	3,055	3,871	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	1.8m	299,800	189,940	155,790	223,211	291,406	366,878	262,301	186,922	107,756	86,801	127,409	163,140	123,403	142,584	150,888	166,614	161,243	134,677	82,286
Land and buildings`22`	1.6m	110,715	61,195	74,028	93,432	112,835	132,239	38,164	45,852	38,688	46,078	54,489	63,449	6,907	9,501	12,789	19,395	23,405	27,415	16,084
Plant, machinery and equipment`23`	24,918	32,146	6,934	9,448	11,961	17,285	17,068	14,577	26,880	25,244	23,390	11,625	5,116	9,270	11,780	16,480	5,247	6,493	7,919	9,998
Furniture and vehicles`24`	138,839	156,940	121,811	72,314	117,818	161,286	217,571	209,560	114,191	43,825	8,259	43,146	67,351	70,929	121,303	121,619	134,489	115,521	74,321	39,980
Financial fixed assets`28`	114,840	14,095	14,895	14,895	14,895	14,095	14,095	9,755	8,205	4,871	4,871	2,741	2,296	1,926	1,926	1,926	1,926	1,926	1,926	1,926
Current assets`29/58`	5.1m	3.7m	3.5m	2.6m	1.9m	1.8m	1.8m	1.4m	842,729	892,816	478,831	524,727	599,477	537,469	493,732	455,787	566,476	326,176	315,252	222,014
Stocks and contracts in progress`3`	144,402	40,086	54,796	64,617	90,609	98,873	49,985	18,901	11,756	2,808	2,117	2,187	2,187	2,187	2,187	2,187	2,187	12,397	12,397	12,397
Stocks`30/36`	108,431	40,086	54,796	56,242	52,235	60,499	49,985	18,901	11,756	2,808	2,117	2,187	2,187	2,187	2,187	2,187	2,187	12,397	12,397	12,397
Contracts in progress`37`	35,972	-	-	8,374	38,374	38,374	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	3.1m	2.6m	2.8m	1.5m	1.2m	1.3m	1.5m	985,619	478,263	274,140	244,791	227,940	362,119	284,874	170,757	163,909	274,391	42,257	149,653	109,515
Trade receivables`40`	2.8m	2.4m	2.6m	1.3m	1.0m	1.1m	1.4m	901,921	411,445	247,786	203,026	201,301	239,039	195,657	155,720	123,659	235,548	27,461	132,292	105,275
Other amounts receivable`41`	334,676	215,693	240,596	216,993	187,594	167,281	157,725	83,698	66,818	26,354	41,765	26,639	123,079	89,217	15,037	40,250	38,843	14,795	17,361	4,240
Cash at bank and in hand`54/58`	1.8m	1.1m	610,884	955,331	564,875	427,393	201,917	382,200	350,603	615,088	230,111	284,470	215,834	212,756	285,724	278,799	266,466	238,756	140,104	97,327
Deferred charges and accrued income`490/1`	22,385	1,611	1,826	3,824	5,844	7,402	6,716	4,129	2,108	780	1,813	10,129	19,337	37,652	35,063	10,892	23,431	32,767	13,098	2,775
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	7.0m	4.1m	3.7m	2.7m	2.1m	2.1m	2.2m	1.7m	1.0m	1.0m	570,502	654,876	764,913	662,798	638,242	608,600	735,015	489,345	451,855	306,226
Equity`10/15`	3.0m	2.5m	2.0m	1.6m	1.3m	1.2m	1.1m	994,709	709,046	615,791	377,551	333,405	315,395	304,903	303,219	273,931	295,764	187,635	144,162	106,530
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,592	18,592	18,592	18,592	18,592
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,592	18,592	18,592	18,592	18,592
Reserves`13`	3.0m	2.5m	2.0m	1.5m	1.3m	1.2m	1.1m	976,109	690,446	597,191	358,951	314,805	296,795	14,428	14,428	14,427	14,427	13,440	13,440	13,439
Non-distributable reserves`130/1`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,859	1,859	1,859	1,859	1,859
Reserves not available under the articles`1311`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	631,500	315,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	2.4m	2.1m	2.0m	1.5m	1.3m	1.2m	1.1m	974,249	688,586	595,331	357,091	312,945	294,935	12,568	12,568	12,568	12,568	11,580	11,580	11,580
Profit (loss) carried forward`14`	-	-	-	-	-	-	-	-	-	-	-	-	-	271,875	270,192	240,912	262,745	155,604	112,130	74,499
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	-	-	500	500	-	-	-	-	-	-	-	-	-
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	-	-	500	500	-	-	-	-	-	-	-	-	-
Other liabilities and charges`164/5`	-	-	-	-	-	-	-	-	-	500	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	3.9m	1.6m	1.7m	1.2m	804,737	913,894	1.0m	668,195	328,810	389,152	192,451	321,471	449,518	357,896	335,022	334,670	439,251	301,709	307,693	199,696
Amounts payable after more than one year`17`	1.8m	94,184	43,373	18,368	65,096	109,783	200,347	137,130	95,547	80,182	59,250	103,152	140,160	72,508	77,397	85,651	136,181	111,193	69,344	60,404
Financial debts`170/4`	1.8m	94,184	43,373	18,368	65,096	109,783	200,347	137,130	95,547	80,182	59,250	103,152	140,160	72,508	77,397	85,651	136,181	111,193	69,344	60,404
Amounts payable within one year`42/48`	2.1m	1.5m	1.7m	1.2m	739,570	803,539	838,218	531,065	231,623	306,113	132,481	217,448	309,358	285,214	257,258	248,180	232,441	189,793	237,680	139,023
Current portion of amounts payable after more than one year`42`	219,320	41,991	29,389	46,728	70,011	96,644	104,449	67,365	33,918	20,357	17,492	37,008	64,598	58,796	59,023	51,022	71,798	62,358	75,514	29,968
Financial debts`43`	137,271	62,452	198,970	199,190	150,000	150,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit institutions`430/8`	137,271	62,452	198,970	193,965	150,000	150,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other loans`439`	-	-	-	5,226	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	1.6m	1.2m	1.4m	850,711	447,265	530,065	685,775	424,288	192,254	152,642	86,739	166,081	225,182	199,433	172,571	150,679	125,391	106,607	146,676	91,967
Suppliers`440/4`	1.6m	1.2m	1.4m	850,711	447,265	530,065	685,775	424,288	192,254	152,642	86,739	166,081	225,182	199,433	172,571	150,679	125,391	106,607	146,676	91,967
Taxes, remuneration and social security`45`	59,453	122,003	96,744	63,203	72,025	26,291	47,926	38,934	4,713	131,667	26,434	14,359	19,578	26,985	25,663	6,479	35,251	20,828	15,490	17,088
Taxes`450/3`	6,371	122,003	96,744	31,612	49,314	3,538	3,715	27,601	275	127,107	21,979	9,761	10,143	4,015	19,197	-	16,411	523	-	4,911
Remuneration and social security`454/9`	53,082	-	-	31,591	22,711	22,753	44,210	11,333	4,438	4,560	4,455	4,598	9,434	22,970	6,467	6,479	18,840	20,305	15,490	12,177
Other amounts payable`47/48`	75,514	75,785	2,229	532	269	538	68	479	738	1,446	1,816	-	-	-	-	40,000	-	-	-	-
Accrued charges and deferred income`492/3`	7,077	-	1,500	1,585	72	573	-	-	1,640	2,857	720	871	-	174	368	839	70,630	723	668	269
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	16,152	1,000	4,830	7,500	-	-	-	-	-	-	-	988	-	-	-
Gross operating margin`9900`	1.9m	1.9m	1.8m	1.6m	1.3m	1.3m	1.5m	1.5m	890,954	1.1m	873,599	863,205	868,033	824,946	821,390	726,130	853,566	627,374	563,140	403,702
Remuneration, social security and pensions`62`	1.2m	1.1m	1.1m	1.1m	1.1m	1.1m	1.2m	1.0m	678,372	725,863	737,931	773,377	756,269	745,957	687,984	601,211	589,003	464,609	455,174	365,148
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	100,602	62,765	59,243	83,324	97,613	102,688	112,940	84,801	52,272	28,658	39,628	52,910	53,600	53,355	73,795	77,846	78,253	60,248	41,774	29,401
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-	-3,059	-	11,123	-	-	-	-	-	-	-	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	-	-500	-	500	-	-	-	-	-	-	-	-	-
Other operating charges`640/8`	14,741	16,468	18,589	27,584	15,608	55,124	16,770	21,744	10,032	5,765	6,977	3,830	31,117	1,705	2,555	938	10,971	21,109	1,417	1,089
Non-recurring operating charges`66A`	2,632	37,365	5,508	94	2,453	6,336	-	163	534	2,883	2,600	-	-	5,290	-	-	-	-	-	-
Operating profit (loss)`9901`	650,348	702,414	571,620	357,138	161,177	57,841	167,005	397,205	153,836	381,071	77,440	33,088	27,048	23,929	57,056	46,135	175,339	81,408	64,775	8,064
Financial income`75/76B`	150,916	58,971	56,991	51,107	23,876	52,248	67,354	31,578	9,043	9,280	1,807	2,775	292	393	578	810	816	1,504	372	1,053
Recurring financial income`75`	150,916	58,971	38,778	50,640	23,876	36,096	40,620	23,117	9,043	9,280	1,807	2,775	292	393	578	810	816	1,504	372	1,053
Non-recurring financial income`76B`	-	-	18,213	467	-	16,152	26,734	8,461	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	81,887	76,272	58,280	35,989	23,410	38,694	30,767	22,687	17,482	25,139	10,590	8,091	6,702	13,334	9,149	15,694	12,259	15,916	7,640	6,411
Recurring financial charges`65`	81,887	76,272	55,754	35,989	23,381	38,694	30,767	22,523	16,948	22,256	10,590	8,091	6,702	13,334	9,149	15,694	12,259	15,916	7,640	6,411
Non-recurring financial charges`66B`	-	-	2,526	-	29	-	-	163	534	2,883	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	719,377	685,113	570,331	372,257	161,643	71,395	203,592	406,097	145,397	365,212	66,058	27,772	20,637	5,698	48,485	31,251	164,884	66,996	57,507	2,706
Income taxes`67/77`	152,872	179,997	158,123	103,723	46,575	27,562	63,222	120,434	52,142	126,972	21,911	9,761	10,145	4,015	19,197	13,084	56,754	23,523	19,876	1,582
Profit (loss) for the period`9904`	566,504	505,116	412,208	268,535	115,067	43,833	140,370	285,663	93,255	238,240	44,146	18,010	10,492	1,683	29,289	18,166	108,129	43,473	37,631	1,124
Transfer to tax-exempt reserves`689`	315,750	315,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	250,754	189,366	412,208	268,535	115,067	43,833	140,370	285,663	93,255	238,240	44,146	18,010	10,492	1,683	29,289	18,166	108,129	43,473	37,631	1,124
Appropriation of the result
Profit (loss) to be appropriated`9906`	250,754	189,366	412,208	268,535	115,067	43,833	140,370	285,663	93,255	238,240	44,146	18,010	282,367	271,875	270,200	280,912	263,733	155,604	112,130	74,499
Transfer to equity`691/2`	250,754	189,366	412,208	268,535	115,067	43,833	140,370	285,663	93,255	238,240	44,146	18,010	282,367	-	9	-	988	-	-	-
Addition to contributions`691`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-	-	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	-	-	-	-
To other reserves`6921`	250,754	189,366	412,208	268,535	115,067	43,833	140,370	285,663	93,255	238,240	44,146	18,010	282,367	-	-	-	988	-	-	-
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,000	-	-	-	-
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,000	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	19.5	18.8	20.1	21.7	24.3	24.9	26.2	22.3	15.2	15.6	16.8	17	17.1	17.7	16	14.9	15	14	15	13.4
Hours worked`1013`	30,217	27,500	30,985	33,488	35,902	36,091	40,527	34,262	22,025	24,267	25,307	26,471	26,586	26,621	24,791	23,004	23,408	18,732	18,991	14,877
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	04-07-2026	2026-00251939	PDF
31-12-2024	abbreviated format	19-08-2025	2025-00382636	PDF
31-12-2023	abbreviated format	26-08-2024	2024-00369176	PDF
31-12-2022	abbreviated format	29-08-2023	2023-00365405	PDF
31-12-2021	abbreviated format	16-07-2022	2022-20192909	PDF
31-12-2020	abbreviated format	31-08-2021	2021-61000092	PDF
31-12-2019	abbreviated format	31-08-2020	2020-48100544	PDF
31-12-2018	abbreviated format	29-08-2019	2019-56900522	PDF
31-12-2017	abbreviated format	25-08-2018	2018-51000031	PDF
31-12-2016	abbreviated format	19-08-2017	2017-45300360	PDF
31-12-2015	abbreviated format	31-08-2016	2016-57400006	PDF
31-12-2014	abbreviated format	19-08-2015	2015-43200271	PDF
31-12-2013	abbreviated format	01-07-2014	2014-23700445	PDF
31-12-2012	abbreviated format	21-06-2013	2013-19400138	PDF
31-12-2011	abbreviated format	20-06-2012	2012-18500078	PDF
31-12-2010	abbreviated format	30-08-2011	2011-45900076	PDF
31-12-2009	abbreviated format	21-06-2010	2010-19100137	PDF
31-12-2008	abbreviated format	21-08-2009	2009-59700291	PDF
31-12-2007	abbreviated format	27-06-2008	2008-29300043	PDF
31-12-2006	abbreviated format	21-08-2007	2007-57600026	PDF
31-12-2005	abbreviated format	26-06-2006	2006-33704094	PDF
31-12-2004	abbreviated format	06-07-2005	2005-44500465	PDF
31-12-2003	abbreviated format	24-06-2004	2004-32705158	PDF
31-12-2002	abbreviated format	09-09-2003	2003-66104715	PDF
31-12-2001	abbreviated format	26-09-2002	2002-59800155	PDF
31-12-2000	abbreviated format	22-06-2001	2001-25001521	PDF
31-12-1999	abbreviated format	07-09-2000	2000-55103487	PDF
31-12-1998	abbreviated format	17-09-1999	1999-46803348	PDF
31-12-1997	abbreviated format	10-09-1998	1998-46101436	PDF
31-12-1996	abbreviated format	23-06-1997	1997-19302226	PDF
31-12-1995	abbreviated format	04-07-1996	1996-26900637	PDF
31-12-1994	abbreviated format	03-07-1995	1995-32905075	PDF
31-12-1993	abbreviated format	01-07-1994	1994-25600363	PDF
31-12-1992	abbreviated format	04-08-1993	1993-30703799	PDF
31-12-1991	abbreviated format	29-06-1992	1992-16601255	PDF
31-12-1990	abbreviated format	26-06-1991	1991-12604171	PDF
31-12-1989	abbreviated format	02-07-1990	1990-13703789	PDF
31-12-1988	abbreviated format	20-11-1989	1989-25803969	PDF
31-12-1987	abbreviated format	28-10-1988	1988-22703367	PDF
31-12-1986	abbreviated format	30-06-1987	1987-13401283	PDF
31-12-1985	abbreviated format	23-07-1986	1986-30602299	PDF
31-12-1984	full format	09-07-1985	1985-21502448	PDF
31-12-1983	unclassified schema	02-07-1984	1984-08401410	PDF
31-12-1982	unclassified schema	15-07-1983	1983-09601391	PDF
31-12-1981	unclassified schema	02-07-1982	1982-07900054	PDF

Year	Entries	Awarded	Paid
2025	3	€20,721	€20,613
2024	3	€4,160	€4,123
2023	2	€2,217	€2,265
2022	2	€777	€777

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	750,949	765,179	630,863	440,462	258,790	160,529	279,946	482,006	206,108	409,729	117,068	85,997	80,648	77,284	130,851	123,981	253,592	141,656	106,549	37,465
Cash flow	667,106	567,881	471,451	351,858	212,681	146,521	253,310	370,464	145,527	266,898	83,774	70,920	64,092	55,038	103,084	96,012	186,382	103,721	79,405	30,525
Investment in fixed assets	1.7m	181,093	97,439	23,842	33,375	41,060	221,858	164,519	134,773	58,687	29,120	17,624	112,628	47,564	65,492	62,120	86,424	106,906	94,164	50,578
Change in cash	728,848	487,388	-344,447	390,456	137,482	225,476	-180,283	31,597	-264,485	384,977	-54,359	68,636	3,078	-72,968	6,926	12,332	27,710	98,652	42,777	-
Working capital	3.0m	2.3m	1.8m	1.4m	1.1m	983,766	954,453	859,783	611,106	586,703	346,350	307,279	290,119	252,256	236,474	207,607	334,035	136,383	77,572	82,991
Solvency	43.7%	61.2%	53.4%	57.0%	61.7%	56.3%	52.2%	59.8%	68.3%	61.2%	66.2%	50.9%	41.2%	46.0%	47.5%	45.0%	40.2%	38.3%	31.9%	34.8%
Current ratio	2.40	2.53	2.08	2.21	2.52	2.22	2.14	2.62	3.64	2.92	3.61	2.41	1.94	1.88	1.92	1.84	2.44	1.72	1.33	1.60
Quick ratio	2.34	2.50	2.04	2.16	2.39	2.10	2.08	2.58	3.59	2.91	3.60	2.40	1.93	1.88	1.91	1.83	2.43	1.65	1.27	1.51
Debt to equity	1.29	0.63	0.87	0.76	0.62	0.78	0.91	0.67	0.46	0.63	0.51	0.96	1.43	1.17	1.10	1.22	1.49	1.61	2.13	1.87
ROE	18.6%	20.4%	20.9%	17.2%	8.9%	3.7%	12.4%	28.7%	13.2%	38.7%	11.7%	5.4%	3.3%	0.6%	9.7%	6.6%	36.6%	23.2%	26.1%	1.1%
ROA	8.1%	12.5%	11.1%	9.8%	5.5%	2.1%	6.5%	17.2%	9.0%	23.7%	7.7%	2.8%	1.4%	0.3%	4.6%	3.0%	14.7%	8.9%	8.3%	0.4%
Interest coverage	9.17	10.03	11.32	12.24	11.07	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	22	21	20	21	26
full-time	20	17	18	20	24
part-time	2	4	2	1	2
in full-time equivalents	21.5	20.1	19.4	20.6	25
Average over the year, in full-time equivalents	19.5	18.8	20.1	21.7	24.2
On a permanent contract	21	20	19	20	23
Joined	10	12	11	12	27
Left	9	11	12	17	26
Training hours	-	-	20	20	4,122

FDK

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency43.7%

Current ratio2.40

Return on assets8.1%

Staff

Staff cost per FTE€60,393

Joined and left+1

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 10 entries, €27,875 awarded, €27,778 paid

Key figures and ratios

Social balance sheet

Investments

Insights on FDK

Next steps

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€1.6m	€181,093	€97,439	€19,762	€32,575
Intangible fixed assets	-	-	-	€4,080	-
Financial fixed assets	€100,745	-	-	-	€800
Depreciation and write-downs of the year	€100,602	€62,765	€59,243	€83,324	€97,613