FINPARCO (0471.436.331): financials and annual accounts

FINPARCO

Antwerp ·KBO/BCE: BE 0471.436.331

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`	27.5m	25.2m	16.3m	13.3m	16.1m	14.7m	9.7m	10.8m	12.9m	8.2m	6.7m	7.2m	7.0m	6.8m	6.8m	2.9m	3.0m	3.0m	1.9m	2.0m
Fixed assets`21/28`	26.0m	24.5m	15.9m	13.0m	5.8m	8.4m	5.4m	5.6m	4.8m	2.2m	2.3m	2.3m	2.3m	2.4m	2.4m	2.4m	2.5m	2.9m	1.8m	1.9m
Tangible fixed assets`22/27`	2.8m	2.0m	2.1m	2.1m	2.2m	2.3m	2.4m	2.9m	2.1m	2.1m	2.1m	2.1m	2.2m	2.3m	2.3m	2.4m	2.5m	2.9m	1.8m	1.9m
Land and buildings`22`	2.7m	1.9m	2.0m	2.1m	2.1m	2.2m	2.3m	2.4m	2.0m	2.0m	2.1m	2.1m	2.2m	2.3m	2.3m	2.4m	2.5m	2.8m	1.8m	1.8m
Plant, machinery and equipment`23`	0	145	378	611	0	605	1,211	866	1,732	-	1,103	2,804	3,198	4,103	2,383	-	-	-	-	-
Furniture and vehicles`24`	35,235	63,898	92,910	3,266	4,471	5,677	5,096	29,827	39,269	58,903	-	175	15,760	31,345	46,232	-	-	-	-	-
Other tangible fixed assets`26`	67,027	75,740	77,453	79,166	77,386	65,041	65,562	491,733	78,754	9,274	9,795	10,316	10,836	6,150	-	-	-	71,169	78,287	85,405
Financial fixed assets`28`	23.3m	22.5m	13.8m	10.8m	3.6m	6.1m	3.0m	2.8m	2.8m	140,000	140,000	140,000	140,000	100,000	50,000	-	-	-	-	-
Current assets`29/58`	1.5m	740,382	332,174	357,058	10.2m	6.3m	4.4m	5.2m	8.1m	5.9m	4.4m	4.9m	4.7m	4.4m	4.4m	528,201	500,480	52,922	68,704	63,211
Amounts receivable after more than one year`29`	-	-	-	-	-	-	0	52,500	52,500	52,500	52,500	602,500	602,500	402,500	402,500	412,000	392,000	-	-	-
Other amounts receivable`291`	-	-	-	-	-	-	0	52,500	52,500	52,500	52,500	602,500	602,500	402,500	402,500	412,000	392,000	-	-	-
Stocks and contracts in progress`3`	-	-	-	-	-	-	0	421,234	-	-	-	-	-	-	-	-	-	-	-	-
Stocks`30/36`	-	-	-	-	-	-	0	421,234	-	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	301,994	358,229	227,919	152,579	17,037	46,835	52,996	15,870	81,489	33,876	48,194	181,403	130,478	56,170	143,009	11,012	78,007	41,836	28,511	758
Trade receivables`40`	7,712	146,403	38,210	30,003	0	18,256	7,471	13,525	53,113	26,000	1,960	15,623	15,649	4,892	58,929	7,437	77,958	41,828	28,320	-
Other amounts receivable`41`	294,283	211,826	189,708	122,576	17,037	28,579	45,525	2,345	28,376	7,876	46,234	165,780	114,829	51,277	84,080	3,575	49	8	191	758
Current investments`50/53`	-	-	-	0	7.6m	5.8m	4.0m	4.0m	5.5m	5.8m	4.3m	4.0m	3.9m	3.7m	3.7m	-	-	-	-	-
Cash at bank and in hand`54/58`	1.1m	356,248	83,090	169,852	2.6m	65,039	116,178	531,183	2.5m	53,536	31,552	128,374	71,912	200,439	121,402	45,520	16,767	10,531	31,618	62,453
Deferred charges and accrued income`490/1`	98,836	25,905	21,165	34,627	903	318,682	218,411	211,057	7,551	684	2,772	30,583	32,743	17,397	16,987	59,669	13,706	555	8,575	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	27.5m	25.2m	16.3m	13.3m	16.1m	14.7m	9.7m	10.8m	12.9m	8.2m	6.7m	7.2m	7.0m	6.8m	6.8m	2.9m	3.0m	3.0m	1.9m	2.0m
Equity`10/15`	13.2m	11.9m	3.5m	9.4m	9.8m	7.6m	7.4m	8.7m	11.1m	6.1m	4.5m	5.1m	4.8m	4.5m	4.3m	285,406	281,169	134,397	157,892	155,992
Contributions`10/11`	1.2m	1.2m	1.2m	8.2m	8.2m	8.2m	8.2m	10.7m	10.7m	10.7m	10.7m	11.9m	11.9m	11.9m	11.9m	218,600	218,600	218,600	218,600	218,600
Issued capital`100`	-	-	-	-	-	-	8.2m	10.7m	10.7m	10.7m	10.7m	11.9m	11.9m	11.9m	11.9m	218,600	218,600	218,600	218,600	218,600
Reserves`13`	12.0m	10.7m	2.4m	23,383	432,315	432,315	432,315	432,315	432,315	1,860	1,860	1,860	1,860	1,860	184,000	190,997	197,994	1,860	1,860	1,860
Non-distributable reserves`130/1`	-	-	0	23,383	23,383	23,383	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	23,383	23,383	23,383	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	-	-	0	23,383	23,383	23,383	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	182,140	189,137	196,134	-	-	-
Distributable reserves`133`	12.0m	10.7m	2.4m	0	408,933	408,933	408,933	408,933	408,933	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	-	0	0	1.1m	1.2m	-985,942	-1.2m	-2.5m	-	-4.6m	-6.2m	-6.7m	-7.1m	-7.4m	-7.7m	-124,191	-135,425	-86,063	-62,568	-64,468
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93,788	97,390	100,994	-	-	-
Deferred taxes`168`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93,788	97,390	100,994	-	-	-
Amounts payable`17/49`	14.3m	13.3m	12.8m	4.0m	6.3m	7.1m	2.4m	2.2m	1.8m	2.0m	2.2m	2.0m	2.2m	2.3m	2.4m	2.5m	2.6m	2.8m	1.7m	1.8m
Amounts payable after more than one year`17`	1.7m	4.2m	2.6m	3.1m	5.1m	5.3m	1.3m	1.5m	1.3m	1.5m	1.7m	1.8m	1.9m	2.1m	2.2m	2.4m	2.4m	2.7m	1.6m	1.7m
Financial debts`170/4`	1.6m	4.1m	2.6m	3.1m	5.0m	5.3m	1.2m	1.4m	1.3m	1.5m	1.6m	1.7m	1.9m	2.0m	2.1m	2.3m	2.4m	2.6m	1.6m	1.7m
Other amounts payable`178/9`	54,200	54,200	54,200	54,200	54,200	54,200	54,200	56,315	54,200	54,200	57,650	57,200	57,200	64,370	64,370	63,645	60,300	54,000	-	-
Amounts payable within one year`42/48`	12.6m	9.1m	10.1m	838,103	1.1m	1.8m	1.1m	696,346	462,613	524,190	530,140	255,580	294,094	209,416	206,886	141,958	143,676	135,135	150,262	147,700
Current portion of amounts payable after more than one year`42`	228,142	227,699	227,261	226,827	226,398	825,973	205,221	501,598	185,652	205,120	210,979	182,802	182,793	161,653	147,614	132,716	128,862	127,326	93,056	93,056
Trade debts`44`	132,833	25,422	30,396	22,327	21,425	23,100	40,353	12,451	31,173	39,310	23,561	43,515	65,108	31,758	37,130	5,147	10,814	7,809	21	644
Suppliers`440/4`	132,833	25,422	30,396	22,327	21,425	23,100	40,353	12,451	31,173	39,310	23,561	43,515	65,108	31,758	37,130	5,147	10,814	7,809	21	644
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	2,293	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	28,448	25,258	46,753	51,030	75,543	82,979	8,892	4,247	37,860	23,844	18,484	29,263	35,698	16,004	9,386	4,095	4,000	-	-	-
Taxes`450/3`	28,448	25,258	46,753	51,030	75,543	82,979	8,892	4,247	37,860	23,844	18,484	29,263	35,698	16,004	9,386	4,095	4,000	-	-	-
Other amounts payable`47/48`	12.2m	8.8m	9.8m	537,919	807,479	835,247	860,898	178,050	207,928	255,915	274,824	-	10,495	-	12,755	-	-	-	57,185	54,000
Accrued charges and deferred income`492/3`	12,751	65,974	32,252	18,552	24,246	1,951	0	901	571	-	-	-	75	-	1,095	8,850	12,285	1,544	1,491	3,545
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	394,447	289,319	322,571	267,525	174,442	174,811
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	5.2m	178	-	-	7,948	25,000	-	-	341,924	-	-	-
Gross operating margin`9900`	251,667	284,745	288,665	204,225	317,798	222,141	159,084	238,559	5.5m	264,961	274,712	297,490	231,162	254,342	250,415	212,921	193,958	212,429	167,923	155,033
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	144,032	76,398	128,613	55,096	6,519	19,778
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	190,349	119,187	114,777	93,887	92,520	96,318	119,969	166,094	97,434	97,671	86,985	93,678	91,640	121,102	112,029	114,795	134,997	149,881	96,141	102,565
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-	-	-	-	-	-4,987	-	4,987	-	-	-	-	-
Other operating charges`640/8`	89,599	84,810	70,253	61,919	62,874	57,728	55,399	58,457	48,803	49,457	44,742	53,165	48,483	43,677	5,594	407	363	485	375	235
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	178	-	2,481	-	-	1,602	709	-	-	-	-	-
Operating profit (loss)`9901`	-28,281	80,747	103,635	48,419	162,404	68,095	-16,284	14,008	5.3m	117,833	142,985	150,647	96,026	89,563	127,805	97,719	58,598	62,063	71,407	52,233
Financial income`75/76B`	1.4m	10.4m	2.2m	400,022	415,140	228,446	299,896	479,127	168,150	136,918	158,971	164,476	157,874	97,555	271,814	20,165	7,633	19,261	8,291	2,723
Recurring financial income`75`	741,838	744,026	595,908	400,022	415,140	228,446	299,896	479,127	168,150	136,918	158,971	164,476	157,874	97,555	271,814	20,165	7,633	19,261	8,291	2,723
Non-recurring financial income`76B`	666,000	9.6m	1.6m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	38,484	2.1m	63,364	502,081	-1.7m	-6,317	-939,312	2.9m	447,961	-1.4m	-209,677	-21,427	-50,819	103,410	8.0m	117,250	160,389	104,819	77,769	68,750
Recurring financial charges`65`	38,484	2.1m	63,364	502,081	-1.7m	-6,317	-939,312	2.9m	447,961	-1.4m	-209,677	-21,427	-50,819	103,410	8.0m	117,250	160,389	104,819	77,769	68,750
Profit (loss) for the period before taxes`9903`	1.3m	8.4m	2.2m	-53,640	2.3m	302,858	1.2m	-2.4m	5.1m	1.7m	509,152	336,550	312,666	107,107	-7.6m	634	247,766	-23,495	1,929	-13,794
Income taxes`67/77`	42,359	16,256	40,429	14,056	57,963	45,134	11,354	79,900	66,718	29,424	18,615	-	-	-	-	-	-	-	29	-
Profit (loss) for the period`9904`	1.3m	8.4m	2.2m	-67,696	2.2m	257,725	1.2m	-2.5m	5.0m	1.7m	490,536	336,550	312,666	200,895	-7.6m	4,237	146,772	-23,495	1,900	-13,794
Transfer from tax-exempt reserves`789`	-	-	-	-	-	-	-	-	-	-	-	-	-	182,140	6,997	6,997	13,995	-	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	210,129	-	-	-
Profit (loss) for the period to be appropriated`9905`	1.3m	8.4m	2.2m	-67,696	2.2m	257,725	1.2m	-2.5m	5.0m	1.7m	490,536	336,550	312,666	383,034	-7.6m	11,234	-49,362	-23,495	1,900	-13,794
Appropriation of the result
Profit (loss) to be appropriated`9906`	1.3m	8.4m	3.3m	1.1m	1.2m	-985,942	-1.2m	-2.5m	430,455	-4.6m	-6.2m	-6.7m	-7.1m	-7.4m	-7.7m	-124,191	-135,425	-86,063	-62,568	-64,468
Profit (loss) brought forward from the previous period`14P`	-	0	1.1m	1.2m	-985,942	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	0	21,523	408,933	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	1.3m	8.4m	2.4m	-	-	-	-	-	430,455	-	-	-	-	-	-	-	-	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	21,523	-	-	-	-	-	-	-	-	-	-	-
To other reserves`6921`	1.3m	8.4m	2.4m	-	-	-	-	-	408,933	-	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	-	0	1.0m	408,933	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	-	0	1.0m	408,933	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	20-07-2026	2026-00311483	PDF
31-12-2024	abbreviated format	30-05-2025	2025-00111763	PDF
31-12-2023	abbreviated format	03-07-2024	2024-00204069	PDF
31-12-2022	abbreviated format	12-06-2023	2023-00119862	PDF
31-12-2021	abbreviated format	27-06-2022	2022-20146132	PDF
31-12-2020	abbreviated format	19-08-2021	2021-50200547	PDF
31-12-2019	abbreviated format	27-05-2020	2020-13200317	PDF
31-12-2018	abbreviated format	17-06-2019	2019-18800487	PDF
31-12-2017	abbreviated format	11-07-2018	2018-31800503	PDF
31-12-2016	micro format	18-07-2017	2017-32800536	PDF
31-12-2015	abbreviated format	30-06-2016	2016-25400416	PDF
31-12-2014	abbreviated format	15-06-2015	2015-17500527	PDF
31-12-2013	abbreviated format	06-05-2014	2014-11500593	PDF
31-12-2012	abbreviated format	26-07-2013	2013-35600541	PDF
31-12-2011	abbreviated format	24-07-2012	2012-33300019	PDF
31-12-2010	abbreviated format	29-06-2011	2011-22900483	PDF
31-12-2009	abbreviated format	30-06-2010	2010-24600416	PDF
31-12-2008	abbreviated format	01-07-2009	2009-37100387	PDF
31-12-2007	abbreviated format	28-06-2008	2008-32100321	PDF
31-12-2006	abbreviated format	26-06-2007	2007-28900111	PDF
31-12-2005	abbreviated format	22-05-2006	2006-15704971	PDF
31-12-2004	abbreviated format	27-05-2005	2005-17701819	PDF
31-12-2003	abbreviated format	24-05-2004	2004-16200216	PDF
31-12-2002	abbreviated format	26-05-2003	2003-17004294	PDF
31-12-2001	abbreviated format	21-05-2002	2002-13300080	PDF
31-12-2000	abbreviated format	21-05-2001	2001-13603605	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	162,068	199,935	218,412	142,306	254,924	164,413	103,685	180,102	5.4m	215,504	229,970	244,325	187,666	210,665	239,834	212,514	193,595	211,944	167,548	154,798
Cash flow	1.5m	8.5m	2.3m	26,191	2.3m	354,043	1.3m	-2.3m	5.1m	1.7m	577,521	430,228	404,306	321,996	-7.5m	119,032	281,769	126,386	98,041	88,771
Investment in fixed assets (approximation)	6.0m	11.1m	1.6m	4,600	20,499	3.2m	419,581	979,019	2.8m	78,537	66,511	28,717	7,076	217,979	145,761	0	-308,075	1.2m	0	859,683
Change in cash	726,266	273,158	-86,761	-2.4m	2.5m	-51,139	-415,005	-1.9m	2.4m	21,984	-96,822	56,462	-128,527	79,036	75,882	28,753	6,236	-21,087	-30,835	-
Working capital	-11.1m	-8.4m	-9.7m	-481,045	9.1m	4.5m	3.2m	4.5m	7.6m	5.4m	3.9m	4.6m	4.4m	4.2m	4.2m	386,243	356,804	-82,213	-81,558	-84,489
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32.4%	33.8%	18.2%	23.2%	40.9%	29.9%
Solvency	47.9%	47.1%	21.7%	70.2%	61.1%	51.8%	75.6%	80.0%	86.1%	75.0%	67.1%	71.7%	68.3%	66.2%	63.2%	9.9%	9.5%	4.5%	8.3%	7.8%
Current ratio	0.12	0.08	0.03	0.43	9.05	3.55	3.91	7.46	17.47	11.28	8.28	19.15	15.97	20.99	21.28	3.72	3.48	0.39	0.46	0.43
Quick ratio	0.12	0.08	0.03	0.43	9.05	3.55	3.91	6.85	17.47	11.28	8.28	19.15	15.97	20.99	21.28	3.72	3.48	0.39	0.46	0.43
Debt to equity	1.09	1.12	3.62	0.43	0.64	0.93	0.32	0.25	0.16	0.33	0.49	0.40	0.47	0.51	0.56	8.77	9.21	21.08	11.07	11.80
ROE	9.8%	70.3%	62.3%	-0.7%	22.4%	3.4%	16.4%	-28.3%	45.0%	27.0%	11.0%	6.5%	6.5%	4.5%	-177.6%	1.5%	52.2%	-17.5%	1.2%	-8.8%
ROA	4.7%	33.1%	13.5%	-0.5%	13.7%	1.8%	12.4%	-22.7%	38.7%	20.3%	7.4%	4.7%	4.4%	3.0%	-112.3%	0.1%	4.9%	-0.8%	0.1%	-0.7%
Interest coverage	4.21	0.10	3.45	0.28	-0.15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55 days	9 days	88 days	57 days	59 days	2 days
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	94 days	25 days	31 days	52 days	1 day	12 days

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	€1.9m	€2.1m	€2.3m	€2.5m	€2.8m
Mortgages, amount registered	€27,500	€27,500	€27,500	€27,500	€27,500
Mortgage mandates	€2.8m	€2.8m	€3.8m	€3.8m	€3.8m
Carrying value of the mortgaged assets	€2.1m	€1.8m	€1.9m	€2.0m	€2.1m
Pledge on other assets, amount secured	€1.6m	€1.6m	€3.0m	€1.8m	€1.9m
Carrying value of the other pledged assets	€4.0m	€4.0m	€4.0m	€2.6m	€2.6m

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€996,655	€2,489	€114,550	€4,600	€20,499
Financial fixed assets	€5.0m	€11.1m	€1.4m	€0	-
Depreciation and write-downs of the year	€190,349	€119,187	€114,777	€93,887	€92,520

FINPARCO

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency47.9%

Current ratio0.12

Return on assets4.7%

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on FINPARCO

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