FLADIS
Annual accounts 2025
abbreviated format, filed on 13-10-2026, 74 days late€2.0m
▲ 39.7%
€201,258
▼ 38.0%
€72,731
▼ 58.9%
€247,206
▼ 52.7%
27.3%
▼ 14.2 percentage points
1.17
▼ 0.38
The turnover shown is an estimate from the gross margin.
Turnover ≈ €5.3m. Estimated: probably between €3.9m and €7.4m.
Balance sheet
balance sheet total €2.3m on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
27.3%
Higher than 38% of 13,246 companies in 2025.
1.17
Higher than 34% of 13,105 companies in 2025.
3.1%
Higher than 43% of 13,168 companies in 2025.
FLADIS
Middle half of the sector
80% of the sector
Abbreviated accounts in retail trade (NACE 47)
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half · Staff: top quarter
Staff
€20,571
Staff costs divided by the average number of full-time equivalents.
+34 people
people who joined
people who left
In 2025, 199 people joined and 165 left. Training hours in 2025: 35.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
2.3m | 1.9m | 1.4m | 960,712 | 639,208 | 281,426 | 170,614 | 163,510 | 150,138 | 182,861 | 68,240 | |
21/28 |
623,509 | 426,306 | 276,192 | 209,529 | 180,173 | 51,818 | 29,538 | 30,561 | 17,647 | 24,359 | 20,385 | |
21 |
61,886 | 3,317 | 4,067 | 731 | 1,081 | 1,431 | 1,781 | 2,131 | 2,481 | 2,831 | 3,181 | |
22/27 |
546,750 | 402,917 | 262,302 | 204,175 | 174,469 | 45,764 | 26,594 | 27,266 | 14,003 | 16,742 | 15,031 | |
22 |
34,741 | 17,767 | 20,864 | 23,171 | 27,073 | 9,024 | 1,360 | - | - | - | - | |
23 |
416,833 | 282,586 | 180,163 | 148,726 | 120,957 | 30,090 | 19,872 | 22,275 | 7,198 | 7,952 | 6,914 | |
24 |
95,177 | 102,563 | 61,275 | 32,278 | 26,439 | 6,650 | 5,361 | 4,992 | 6,805 | 8,790 | 8,117 | |
28 |
14,873 | 20,073 | 9,823 | 4,623 | 4,623 | 4,623 | 1,163 | 1,163 | 1,163 | 4,786 | 2,173 | |
29/58 |
1.7m | 1.5m | 1.1m | 751,183 | 459,035 | 229,608 | 141,076 | 132,950 | 132,491 | 158,502 | 47,855 | |
3 |
582,409 | 392,671 | 334,158 | 223,313 | 162,620 | 41,541 | 34,380 | 70,380 | 66,712 | 98,592 | 42,460 | |
30/36 |
582,409 | 392,671 | 334,158 | 223,313 | 162,620 | 41,541 | 34,380 | 70,380 | 66,712 | 98,592 | 42,460 | |
40/41 |
998,287 | 870,947 | 520,603 | 232,430 | 87,684 | 90,092 | 79,339 | 39,635 | 54,888 | 47,373 | 4,412 | |
40 |
358,220 | 347,667 | 311,475 | 30,310 | 17,400 | 21,818 | 3,053 | 6,865 | 54,882 | 40,119 | 2,183 | |
41 |
640,067 | 523,280 | 209,128 | 202,120 | 70,284 | 68,273 | 76,286 | 32,769 | 6 | 7,254 | 2,229 | |
54/58 |
105,469 | 193,127 | 228,890 | 286,222 | 206,212 | 97,273 | 27,318 | 22,363 | 10,265 | 12,492 | 982 | |
490/1 |
9,598 | 13,057 | 12,099 | 9,218 | 2,518 | 703 | 40 | 572 | 626 | 45 | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
2.3m | 1.9m | 1.4m | 960,712 | 639,208 | 281,426 | 170,614 | 163,510 | 150,138 | 182,861 | 68,240 | |
10/15 |
633,431 | 787,000 | 622,118 | 384,038 | 151,441 | 5,688 | 36,488 | 23,675 | 22,157 | 13,502 | 12,612 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
492,326 | 645,926 | 481,126 | 244,126 | 17,826 | 17,826 | 17,826 | 5,226 | 5,150 | 300 | 212 | |
130/1 |
1,626 | 1,626 | 1,626 | 1,626 | 1,626 | 1,626 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,626 | 926 | 850 | 300 | 212 | |
1311 |
1,626 | 1,626 | 1,626 | 1,626 | 1,626 | 1,626 | - | - | - | - | - | |
132 |
4,300 | 4,300 | 4,300 | 4,300 | 4,300 | 4,300 | 4,300 | 4,300 | 4,300 | - | - | |
133 |
486,400 | 640,000 | 475,200 | 238,200 | 11,900 | 11,900 | 11,900 | - | - | - | - | |
14 |
122,505 | 122,474 | 122,392 | 121,312 | 121,215 | -24,538 | 6,262 | 6,049 | 4,607 | 802 | - | |
17/49 |
1.7m | 1.1m | 749,824 | 576,675 | 487,767 | 275,738 | 134,126 | 139,836 | 127,981 | 169,358 | 55,628 | |
17 |
231,626 | 161,465 | 95,011 | 69,201 | 99,860 | 60,608 | - | - | - | - | - | |
170/4 |
231,626 | 161,465 | 95,011 | 69,201 | 99,860 | 60,608 | - | - | - | - | - | |
42/48 |
1.4m | 946,775 | 652,628 | 506,604 | 387,037 | 214,260 | 132,926 | 133,836 | 123,181 | 169,358 | 55,628 | |
42 |
175,466 | 194,256 | 139,228 | 70,659 | 29,845 | 14,392 | - | - | - | - | - | |
43 |
175,000 | 175,000 | - | - | - | - | - | - | - | - | - | |
430/8 |
175,000 | 175,000 | - | - | - | - | - | - | - | - | - | |
44 |
669,915 | 430,445 | 359,065 | 290,344 | 275,023 | 159,659 | 104,282 | 108,844 | 94,419 | 155,739 | 42,585 | |
440/4 |
669,915 | 430,445 | 359,065 | 290,344 | 275,023 | 159,659 | 104,282 | 108,844 | 94,419 | 155,739 | 42,585 | |
45 |
216,526 | 135,709 | 154,276 | 145,601 | 82,169 | 40,209 | 28,645 | 24,962 | 14,452 | 773 | 192 | |
450/3 |
35,108 | 37,371 | 98,018 | 83,400 | 33,471 | 5,757 | 10,822 | 4,909 | 4,700 | 773 | 192 | |
454/9 |
181,418 | 98,338 | 56,258 | 62,201 | 48,698 | 34,452 | 17,823 | 20,053 | 9,751 | - | - | |
47/48 |
211,650 | 11,365 | 60 | - | - | - | - | 30 | 14,310 | 12,846 | 12,851 | |
492/3 |
5,658 | 870 | 2,186 | 870 | 870 | 870 | 1,200 | 6,000 | 4,800 | - | - | |
| Income statement | ||||||||||||
76A |
- | - | 9,318 | - | - | - | - | 11,382 | - | - | - | |
9900 |
2.0m | 1.4m | 1.3m | 936,024 | 560,723 | 161,451 | 172,712 | 132,158 | 79,395 | 27,664 | 5,275 | |
62 |
1.6m | 972,307 | 762,613 | 484,248 | 335,779 | 173,092 | 134,267 | 113,303 | 55,708 | 20,026 | - | |
630 |
125,037 | 88,599 | 70,245 | 53,111 | 31,516 | 11,171 | 10,870 | 8,774 | 4,461 | 4,004 | 3,834 | |
631/4 |
- | - | - | 357 | - | - | - | - | - | - | - | |
640/8 |
15,503 | 24,286 | 13,289 | 9,517 | 6,588 | 1,061 | 454 | 997 | 1,424 | 925 | 738 | |
66A |
- | - | - | - | - | - | 293 | 2,241 | 1,373 | - | - | |
9901 |
201,258 | 324,510 | 423,251 | 388,792 | 186,840 | -23,871 | 26,827 | 6,843 | 16,430 | 2,710 | 703 | |
75/76B |
1,040 | 6,012 | 5,643 | 1,447 | 310 | 37 | 5 | 135 | 533 | 18 | 151 | |
75 |
1,040 | 1,361 | 5,643 | 1,447 | 310 | 37 | 5 | 135 | 533 | 18 | 151 | |
76B |
- | 4,651 | - | - | - | - | - | - | - | - | - | |
65/66B |
88,279 | 69,376 | 75,912 | 55,185 | 13,730 | 6,957 | 8,270 | 5,320 | 6,458 | 1,257 | 554 | |
65 |
88,279 | 63,237 | 75,912 | 55,185 | 13,730 | 6,957 | 8,270 | 5,320 | 6,458 | 1,257 | 554 | |
66B |
- | 6,139 | - | - | - | - | - | - | - | - | - | |
9903 |
114,019 | 261,146 | 352,983 | 335,053 | 173,420 | -30,792 | 18,562 | 1,658 | 10,505 | 1,471 | 300 | |
67/77 |
41,288 | 84,364 | 114,903 | 108,657 | 27,667 | 8 | 5,749 | 141 | 1,849 | 581 | 89 | |
9904 |
72,731 | 176,782 | 238,080 | 226,397 | 145,753 | -30,800 | 12,813 | 1,517 | 8,655 | 891 | 212 | |
689 |
- | - | - | - | - | - | - | - | 4,300 | - | - | |
9905 |
72,731 | 176,782 | 238,080 | 226,397 | 145,753 | -30,800 | 12,813 | 1,517 | 4,355 | 891 | 212 | |
| Appropriation of the result | ||||||||||||
9906 |
195,205 | 299,174 | 359,392 | 347,612 | 121,215 | -24,538 | 18,862 | 6,125 | 5,157 | 891 | 212 | |
14P |
122,474 | 122,392 | 121,312 | 121,215 | -24,538 | - | - | - | - | - | - | |
791/2 |
226,300 | - | - | - | - | - | - | - | - | - | - | |
691/2 |
72,700 | 176,700 | 237,000 | 226,300 | - | - | 12,600 | 76 | 550 | 88 | 212 | |
6920 |
- | - | - | - | - | - | 700 | 76 | 550 | 88 | 212 | |
6921 |
72,700 | 176,700 | 237,000 | 226,300 | - | - | 11,900 | - | - | - | - | |
694/7 |
226,300 | - | - | - | - | - | - | - | - | - | - | |
694 |
226,300 | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||
9087 |
79.1 | 37.6 | - | - | 10.1 | 5.5 | 3.9 | 3.5 | 1.9 | 1 | - | |
Hours worked1013 |
- | - | - | - | 15,864 | 87,202 | 6,555 | 6,013 | 3,349 | 1,243 | - | |
| Document | ||||||||||||
The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 13-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 74 days after the deadline. Filed on 13 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00555367.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-10-2026 | 2026-00555367 | |
| 31-12-2024 | full format | 29-09-2025 | 2025-00512177 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00432504 | |
| 31-12-2022 | micro format | 10-10-2023 | 2023-00484323 | |
| 31-12-2021 | micro format | 19-07-2022 | 2022-20213188 | |
| 31-12-2020 | micro format | 18-08-2021 | 2021-50100060 | |
| 31-12-2019 | micro format | 30-09-2020 | 2020-57600060 | |
| 31-12-2018 | micro format | 10-10-2019 | 2019-69600255 | |
| 31-12-2017 | micro format | 27-06-2018 | 2018-24900335 | |
| 31-12-2016 | full format | 05-10-2017 | 2017-66700372 | |
| 31-12-2015 | full format | 03-10-2016 | 2016-65100083 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 326,295 | 413,109 | 493,496 | 441,903 | 218,356 | -12,701 | 37,697 | 15,617 | 20,890 | 6,714 | 4,537 | ||
| 197,768 | 265,381 | 308,325 | 279,508 | 177,269 | -19,629 | 23,683 | 10,291 | 13,116 | 4,894 | 4,045 | ||
| 327,440 | 254,749 | 136,908 | 82,467 | 159,871 | 33,451 | 9,848 | 21,688 | 1,372 | 7,977 | 24,218 | ||
| -87,657 | -35,764 | -57,332 | 80,010 | 108,939 | 69,955 | 4,955 | 12,098 | -2,227 | 11,510 | - | ||
| 247,206 | 523,028 | 443,123 | 244,579 | 71,998 | 15,348 | 8,150 | -886 | 9,311 | -10,856 | -7,773 | ||
| 27.3% | 41.5% | 45.3% | 40.0% | 23.7% | 2.0% | 21.4% | 14.5% | 14.8% | 7.4% | 18.5% | ||
| 1.17 | 1.55 | 1.68 | 1.48 | 1.19 | 1.07 | 1.06 | 0.99 | 1.08 | 0.94 | 0.86 | ||
| 0.77 | 1.14 | 1.17 | 1.04 | 0.77 | 0.88 | 0.80 | 0.47 | 0.53 | 0.35 | 0.10 | ||
| 2.66 | 1.41 | 1.21 | 1.50 | 3.22 | 48.48 | 3.68 | 5.91 | 5.78 | 12.54 | 4.41 | ||
| 11.5% | 22.5% | 38.3% | 59.0% | 96.2% | -541.5% | 35.1% | 6.4% | 39.1% | 6.6% | 1.7% | ||
| 3.1% | 9.3% | 17.4% | 23.6% | 22.8% | -10.9% | 7.5% | 0.9% | 5.8% | 0.5% | 0.3% | ||
| 3.70 | 6.53 | 6.50 | 8.01 | 15.90 | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2021 |
|---|---|---|
| Employees at the balance-sheet date | - | 14 |
| full-time | - | 8 |
| part-time | - | 6 |
| in full-time equivalents | 90.2 | 11.5 |
| 79.1 | 10.1 | |
| On a permanent contract | 16 | 4 |
| Joined | 199 | 67 |
| Left | 165 | 62 |
| Training hours | 35 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €262,990 | €244,499 | €127,708 | €82,467 | €159,871 |
| Intangible fixed assets | €64,450 | - | €4,000 | - | - |
| Financial fixed assets | - | €10,250 | €5,200 | - | - |
| €125,037 | €88,599 | €70,245 | €53,111 | €31,516 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on FLADIS
The operating result for 2025 is 38% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 58.5% to 72.7%. Equity is lower and debt is higher.
Large changes and their cause
- 2025 Net result -59%, Staff (FTE) +110% on 2024. The accounts now follow the abbreviated format, last year the full format.