FIDES (0878.876.418): financials and annual accounts

FIDES

Brakel ·KBO/BCE: BE 0878.876.418

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`	1.4m	1.4m	1.1m	1.1m	1.0m	955,871	810,602	918,613	765,837	779,524	756,141	545,879	484,353	519,037	482,236	262,689	235,550	209,198	209,455
Formation expenses`20`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	319	638	956	1,275
Fixed assets`21/28`	346,813	361,994	538,273	526,666	521,713	524,424	529,908	584,052	628,310	693,018	644,954	453,976	273,172	373,192	404,915	184,206	185,162	178,111	187,987
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	12,000	13,600	17,700	13,000	7,500	10,000	12,500	15,000	17,500	20,000	22,500
Tangible fixed assets`22/27`	342,027	357,208	396,149	384,542	429,588	464,266	518,922	573,065	611,524	674,632	622,468	438,190	262,886	360,406	389,628	166,101	166,738	156,868	163,925
Land and buildings`22`	298,581	296,734	325,873	356,501	387,417	408,434	474,939	516,289	562,770	615,141	584,220	435,887	259,731	355,995	383,867	153,913	149,925	149,588	155,267
Plant, machinery and equipment`23`	3,308	2,869	1,028	1,310	-	0	101	216	387	253	586	919	1,253	1,586	1,919	1,827	2,118	1,993	2,243
Furniture and vehicles`24`	31,900	48,420	69,247	26,730	42,172	55,832	23,835	32,565	20,418	27,328	1,757	1,384	1,902	2,826	3,843	10,361	14,694	5,287	6,416
Other tangible fixed assets`26`	8,238	9,186	-	-	-	0	20,048	23,996	27,950	31,911	35,905	-	-	-	-	-	-	-	-
Financial fixed assets`28`	4,786	4,786	142,124	142,124	92,124	60,158	10,986	10,986	4,786	4,786	4,786	2,786	2,786	2,786	2,786	2,786	286	286	286
Current assets`29/58`	1.1m	1.1m	604,444	584,101	527,767	431,448	280,693	334,562	137,527	86,506	111,186	91,903	211,181	145,844	77,321	78,483	50,388	31,087	21,469
Amounts receivable within one year`40/41`	189	-	0	611	-	0	10,479	4,144	31,058	35,265	25,974	68,678	20,510	15,275	11,861	16,257	-	-	63
Trade receivables`40`	-	-	0	611	-	-	-	101	27,300	35,265	25,974	68,678	19,738	15,275	11,861	16,257	-	-	-
Other amounts receivable`41`	189	-	-	-	-	0	10,479	4,043	3,757	-	-	-	772	-	-	-	-	-	63
Current investments`50/53`	906,498	935,045	505,810	200,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,000
Cash at bank and in hand`54/58`	187,298	132,022	94,646	378,871	510,099	431,195	268,036	329,866	106,469	48,052	85,213	23,000	188,865	128,884	63,242	61,842	40,746	21,382	3,350
Deferred charges and accrued income`490/1`	5,399	5,312	3,988	4,369	17,669	253	2,179	552	-	3,188	-	225	1,807	1,685	2,219	384	9,642	9,705	6,055
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.4m	1.4m	1.1m	1.1m	1.0m	955,871	810,602	918,613	765,837	779,524	756,141	545,879	484,353	519,037	482,236	262,689	235,550	209,198	209,455
Equity`10/15`	780,039	1.2m	583,584	729,748	641,976	554,243	443,215	437,078	274,387	207,886	145,860	124,403	111,132	150,700	98,470	76,025	42,296	23,723	13,973
Contributions`10/11`	-	-	0	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550
Issued capital`100`	-	-	-	-	-	-	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550
Reserves`13`	780,039	1.2m	583,584	711,198	623,426	535,693	424,665	418,528	282,133	215,633	153,607	132,150	132,150	132,150	79,920	57,475	23,746	5,173	-
Non-distributable reserves`130/1`	-	-	0	1,855	1,855	1,855	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	-
Reserves not available under the articles`1311`	-	-	0	1,855	1,855	1,855	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	780,039	1.2m	583,584	709,343	621,571	533,838	422,810	416,673	280,278	213,778	151,752	130,295	130,295	130,295	78,065	55,620	21,891	3,318	-
Profit (loss) carried forward`14`	0	0	0	0	0	-	-	-	-26,297	-26,297	-26,297	-26,297	-39,568	-	-	-	-	-	-4,577
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	-	-	-	-	-	-	29,675	29,675	-	-	-	-
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	-	-	-	-	-	-	29,675	29,675	-	-	-	-
Amounts payable`17/49`	666,157	283,827	559,133	381,019	407,504	401,629	367,387	481,536	491,450	571,638	610,281	421,476	373,221	338,662	354,090	186,664	193,254	185,475	195,482
Amounts payable after more than one year`17`	142,981	174,698	216,142	227,541	269,179	312,978	333,400	367,091	400,089	459,238	518,428	357,030	268,777	308,202	320,353	147,852	160,833	165,741	174,368
Financial debts`170/4`	142,981	174,698	216,142	227,541	269,179	312,978	333,400	367,091	400,089	459,238	518,428	357,030	268,777	308,202	320,353	147,852	160,833	165,741	174,368
Amounts payable within one year`42/48`	522,421	108,324	342,991	153,478	138,325	88,651	33,987	112,424	89,909	110,847	90,300	62,893	102,891	28,911	31,307	37,277	31,281	18,850	19,028
Current portion of amounts payable after more than one year`42`	31,717	41,518	44,135	40,753	43,727	42,680	33,691	59,997	59,317	58,652	55,905	36,747	39,425	12,151	12,222	12,981	12,348	8,626	8,237
Trade debts`44`	1,821	1,474	3,058	540	4,228	4,266	295	12,338	19,915	20,119	20,627	16,084	58,393	4,796	6,053	3,770	2,526	3,241	2,721
Suppliers`440/4`	1,821	1,474	3,058	540	4,228	4,266	295	12,338	19,915	20,119	20,627	16,084	58,393	4,796	6,053	3,770	2,526	3,241	2,721
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	1,540	120	-	-	-	-	-	-	649	-
Taxes, remuneration and social security`45`	50,677	62,312	29,396	45,764	28,002	20,651	0	89	9,877	30,535	13,648	10,063	4,967	11,964	13,032	20,527	16,355	6,333	2,240
Taxes`450/3`	50,677	62,312	29,396	45,764	28,002	20,651	-	-	-	23,991	8,693	6,230	-	5,935	8,834	16,513	12,366	3,690	-
Remuneration and social security`454/9`	-	-	-	-	-	-	0	89	9,877	6,544	4,955	3,833	4,967	6,029	4,198	4,014	3,989	2,643	2,240
Other amounts payable`47/48`	438,207	3,021	266,401	66,422	62,367	21,055	0	40,000	799	-	-	-	105	-	-	-	53	-	5,829
Accrued charges and deferred income`492/3`	755	805	-	-	-	-	0	2,020	1,453	1,553	1,553	1,553	1,553	1,549	2,431	1,534	1,140	884	2,087
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	0	351,690	-	50	-	-	-	-	-	-	-	-	-
Gross operating margin`9900`	123,371	88,375	258,240	282,374	228,397	249,522	73,555	634,507	281,844	258,478	198,838	205,990	175,054	187,665	183,121	123,595	98,206	65,448	60,201
Remuneration, social security and pensions`62`	-	-	0	4,492	4,235	2,622	2,980	44,061	90,305	56,451	34,609	54,917	43,743	44,883	40,154	37,933	34,705	22,086	28,579
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	51,981	52,389	43,198	46,456	47,019	46,556	57,501	62,250	68,025	82,111	125,717	118,218	63,715	54,107	70,408	27,484	27,236	20,171	22,524
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	-	-	-	-	-	-29,675	-	29,675	-	-	-	-
Other operating charges`640/8`	6,101	4,726	4,690	3,891	3,834	4,604	4,852	14,740	6,014	2,884	2,092	1,998	1,840	2,268	1,906	1,821	2,042	1,498	2,502
Non-recurring operating charges`66A`	-	-	-	-	-	-	0	1,957	-	-	-	-	126,360	-	-	-	-	-	-
Operating profit (loss)`9901`	65,289	31,260	210,351	227,535	173,310	195,740	8,222	511,498	117,501	117,032	36,421	30,856	95,431	86,407	40,979	56,358	34,222	21,692	6,597
Financial income`75/76B`	35,966	609,269	5,826	0	36,286	260	7,042	117	2,323	475	3,350	1,174	3,150	2,825	705	909	1,056	362	119
Recurring financial income`75`	35,966	609,269	5,826	0	36,286	260	7,042	117	2,323	425	3,350	1,174	3,150	2,825	705	909	1,056	362	119
Non-recurring financial income`76B`	-	-	-	-	-	-	-	-	-	50	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	10,444	8,026	5,326	5,601	6,851	8,286	8,233	9,983	11,108	16,403	17,428	12,152	11,790	12,236	8,545	7,939	8,036	8,560	11,292
Recurring financial charges`65`	10,444	8,026	5,326	5,601	6,851	8,286	8,233	9,983	11,108	16,403	17,428	12,152	11,790	12,236	8,545	7,939	8,036	8,560	11,292
Profit (loss) for the period before taxes`9903`	90,811	632,503	210,852	221,933	202,746	187,714	7,031	501,632	108,716	101,103	22,343	19,879	-39,569	76,996	33,138	49,328	27,242	13,494	-4,577
Income taxes`67/77`	25,384	65,541	63,201	67,762	53,012	55,686	894	168,941	42,215	39,077	886	6,607	-1	24,766	10,693	15,599	8,669	3,744	-
Profit (loss) for the period`9904`	65,427	566,962	147,651	154,172	149,734	132,028	6,137	332,691	66,500	62,026	21,457	13,271	-39,568	52,229	22,445	33,729	18,573	9,750	-4,577
Profit (loss) for the period to be appropriated`9905`	65,427	566,962	147,651	154,172	149,734	132,028	6,137	332,691	66,500	62,026	21,457	13,271	-39,568	52,229	22,445	33,729	18,573	9,750	-4,577
Appropriation of the result
Profit (loss) to be appropriated`9906`	65,427	566,962	147,651	154,172	149,734	132,028	6,137	306,395	40,204	35,730	-4,840	-26,297	-39,568	52,229	22,445	33,729	18,573	5,173	-4,577
Transfer from equity`791/2`	435,933	0	275,265	66,400	62,000	21,000	0	130,000	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	65,427	566,962	147,651	154,172	149,734	132,028	6,137	266,395	66,500	62,026	21,457	-	-	52,229	22,445	33,729	18,573	5,173	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,855	-
To other reserves`6921`	65,427	566,962	147,651	154,172	149,734	132,028	6,137	266,395	66,500	62,026	21,457	-	-	52,229	22,445	33,729	18,573	3,318	-
Profit to be distributed`694/7`	435,933	0	275,265	66,400	62,000	21,000	0	170,000	-	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	435,933	0	275,265	66,400	62,000	21,000	0	170,000	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	1.8	1.2	0.8	1.8	1.8	1	0.9	0.9	0.8	0.5	0.5
Hours worked`1013`	-	-	-	-	-	-	-	-	2,950	2,057	1,292	1,556	1,526	1,597	1,485	1,410	1,374	964	1,599
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	24-06-2026	2026-00192314	PDF
31-12-2024	micro format	25-07-2025	2025-00307858	PDF
31-12-2023	micro format	25-06-2024	2024-00168372	PDF
31-12-2022	micro format	20-06-2023	2023-00139375	PDF
31-12-2021	micro format	22-06-2022	2022-20081724	PDF
31-12-2020	micro format	30-06-2021	2021-28600419	PDF
31-12-2019	micro format	24-07-2020	2020-33700214	PDF
31-12-2018	abbreviated format	20-06-2019	2019-20700107	PDF
31-12-2017	micro format	22-06-2018	2018-21900201	PDF
31-12-2016	abbreviated format	07-07-2017	2017-29100009	PDF
31-12-2015	abbreviated format	11-07-2016	2016-30200077	PDF
31-12-2014	abbreviated format	09-07-2015	2015-28600542	PDF
31-12-2013	abbreviated format	26-06-2014	2014-22500144	PDF
31-12-2012	abbreviated format	21-06-2013	2013-20200477	PDF
31-12-2011	abbreviated format	28-06-2012	2012-24200518	PDF
31-12-2010	abbreviated format	24-06-2011	2011-22700028	PDF
31-12-2009	abbreviated format	25-06-2010	2010-23200022	PDF
31-12-2008	abbreviated format	02-07-2009	2009-36100009	PDF
31-12-2007	abbreviated format	30-06-2008	2008-32100133	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	117,270	83,649	253,550	273,991	220,329	242,296	65,723	573,749	185,526	199,143	162,138	149,074	159,146	140,514	111,386	83,842	61,459	41,863	29,121
Cash flow	117,408	619,351	190,849	200,628	196,753	178,583	63,638	394,941	134,525	144,137	147,174	131,489	24,147	106,337	92,853	61,213	45,810	29,921	17,947
Investment in fixed assets	36,800	13,448	54,805	51,410	94,008	93,829	3,357	34,633	3,317	130,175	316,695	299,023	90,054	22,385	291,117	26,529	34,287	10,295	208,917
Change in cash	55,276	37,376	-284,225	-131,227	78,904	163,159	-61,830	223,397	58,417	-37,160	62,213	-165,865	59,981	65,642	1,400	21,095	19,364	18,032	-
Working capital	576,962	964,055	261,453	430,623	389,443	342,796	246,707	222,137	47,618	-24,341	20,886	29,010	108,290	116,933	46,014	41,206	19,108	12,237	2,441
Solvency	53.9%	80.2%	51.1%	65.7%	61.2%	58.0%	54.7%	47.6%	35.8%	26.7%	19.3%	22.8%	22.9%	29.0%	20.4%	28.9%	18.0%	11.3%	6.7%
Current ratio	2.10	9.90	1.76	3.81	3.82	4.87	8.26	2.98	1.53	0.78	1.23	1.46	2.05	5.04	2.47	2.11	1.61	1.65	1.13
Debt to equity	0.85	0.25	0.96	0.52	0.63	0.72	0.83	1.10	1.79	2.75	4.18	3.39	3.36	2.25	3.60	2.46	4.57	7.82	13.99
ROE	8.4%	49.3%	25.3%	21.1%	23.3%	23.8%	1.4%	76.1%	24.2%	29.8%	14.7%	10.7%	-35.6%	34.7%	22.8%	44.4%	43.9%	41.1%	-32.8%
ROA	4.5%	39.5%	12.9%	13.9%	14.3%	13.8%	0.8%	36.2%	8.7%	8.0%	2.8%	2.4%	-8.2%	10.1%	4.7%	12.8%	7.9%	4.7%	-2.2%
Interest coverage	11.23	10.42	47.61	48.92	32.16	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€36,800	€13,448	€54,805	€1,410	€12,341
Financial fixed assets	-	-	-	€50,000	€81,667
Depreciation and write-downs of the year	€51,981	€52,389	€43,198	€46,456	€47,019

FIDES

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Staff

Staff cost per FTE

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Filed annual accounts

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