FLATRACO (0428.834.822): financials and annual accounts

FLATRACO

Antwerp ·KBO/BCE: BE 0428.834.822

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`	523,225	521,398	416,410	442,616	1.6m	469,386	350,889	475,339	382,445	431,615	422,375	481,268	366,941	387,600	482,657	267,526	213,356	412,345	145,362	453,868
Fixed assets`21/28`	-	-	-	-	-	474	474	474	474	474	474	474	586	574	574	567	558	548	2,548	2,539
Financial fixed assets`28`	-	-	-	-	-	474	474	474	474	474	474	474	586	574	574	567	558	548	2,548	2,539
Other financial fixed assets`284/8`	-	-	-	-	-	-	-	-	-	474	474	474	586	574	574	567	558	-	-	-
Amounts receivable and cash guarantees`285/8`	-	-	-	-	-	-	-	-	-	474	474	474	586	574	574	567	558	-	-	-
Current assets`29/58`	523,225	521,398	416,410	442,616	1.6m	468,912	350,415	474,865	381,971	431,141	421,900	480,794	366,355	387,026	482,083	266,960	212,798	411,797	142,814	451,329
Amounts receivable within one year`40/41`	124,160	224,404	226,053	196,383	1.4m	143,336	110,812	171,533	228,466	263,282	170,633	396,017	291,062	279,016	346,926	225,120	158,943	220,363	138,869	346,303
Trade receivables`40`	97,737	201,158	212,806	192,425	1.4m	129,567	85,951	151,236	207,054	231,553	168,633	392,791	262,957	275,755	320,760	224,305	156,337	216,946	135,206	344,266
Other amounts receivable`41`	26,424	23,245	13,247	3,958	15,856	13,769	24,861	20,297	21,412	31,729	2,000	3,226	28,105	3,261	26,165	815	2,607	3,418	3,663	2,037
Cash at bank and in hand`54/58`	399,065	296,994	190,214	246,233	129,585	322,940	239,251	303,332	153,146	167,502	251,234	84,777	75,293	106,257	134,508	40,856	50,378	190,997	3,945	104,950
Deferred charges and accrued income`490/1`	-	0	142	0	420	2,636	352	-	359	357	34	-	-	1,753	649	983	3,477	436	-	75
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	523,225	521,398	416,410	442,616	1.6m	469,386	350,889	475,339	382,445	431,615	422,375	481,268	366,941	387,600	482,657	267,526	213,356	412,345	145,362	453,868
Equity`10/15`	291,728	285,967	281,485	285,070	276,484	269,243	262,916	259,979	253,593	251,438	195,400	180,645	155,719	117,937	96,392	77,868	62,275	26,607	-3,862	18,597
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	18,600	18,600	18,600	18,600	18,600
Issued capital`100`	-	-	-	-	-	-	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
Reserves`13`	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Distributable reserves`133`	6,197	6,197	6,197	6,197	6,197	6,197	4,337	4,337	4,337	4,337	4,337	4,337	4,337	4,337	4,337	4,337	4,337	4,337	4,337	4,337
Profit (loss) carried forward`14`	266,931	261,170	256,688	260,273	251,687	244,445	238,119	235,182	228,796	226,641	170,603	155,848	130,922	93,139	71,595	53,071	37,478	1,809	-28,659	-6,200
Provisions and deferred taxes`16`	11,000	18,500	11,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85,990	85,990
Provisions for liabilities and charges`160/5`	11,000	18,500	11,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85,990	85,990
Other liabilities and charges`164/5`	11,000	18,500	11,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	220,497	216,931	123,924	157,546	1.3m	200,144	87,972	215,360	128,852	180,177	226,974	300,623	211,222	269,663	386,264	189,658	151,081	385,738	63,234	349,281
Amounts payable within one year`42/48`	218,929	213,931	122,424	154,876	1.3m	197,224	84,702	210,410	127,252	178,577	226,974	300,623	211,222	267,979	382,913	183,985	151,081	385,738	59,181	349,281
Trade debts`44`	214,607	212,631	121,892	139,747	1.3m	173,886	60,247	186,836	103,386	116,040	192,568	242,506	165,276	221,997	350,338	148,451	89,056	341,782	37,520	330,686
Suppliers`440/4`	214,607	212,631	121,892	139,747	1.3m	173,886	60,247	186,836	103,386	116,040	192,568	242,506	165,276	221,997	350,338	148,451	89,056	341,782	37,520	330,686
Taxes, remuneration and social security`45`	4,322	1,300	532	15,129	22,524	23,337	24,456	23,574	23,866	62,217	30,259	57,090	45,946	45,982	32,575	35,534	62,025	43,956	21,661	18,594
Taxes`450/3`	4,322	1,300	0	6,769	6,375	4,492	4,628	8,560	8,145	44,205	13,004	39,704	26,943	27,683	15,065	12,676	30,601	13,680	2,492	3,137
Remuneration and social security`454/9`	-	0	532	8,360	16,149	18,845	19,827	15,014	15,721	18,012	17,255	17,387	19,003	18,299	17,510	22,859	31,424	30,276	19,169	15,457
Other amounts payable`47/48`	-	-	-	-	-	-	-	-	-	320	4,147	1,026	-	-	-	-	-	-	-	-
Accrued charges and deferred income`492/3`	1,568	3,000	1,500	2,670	2,670	2,920	3,270	4,950	1,600	1,600	-	-	-	1,684	3,351	5,673	-	-	4,053	-
Income statement
Operating income`70/76A`	-	-	-	-	-	-	-	-	-	336,128	335,585	373,291	375,477	340,155	297,205	298,253	371,851	-	-	-
Turnover`70`	-	-	-	-	280,857	222,171	-	-	-	327,586	323,319	360,906	368,347	330,486	281,500	283,784	357,313	-	-	-
Non-recurring operating income`76A`	-	0	291	-	-	-	-	-	-	-	5,316	-	-	-	-	-	5,032	-	-	-
Gross operating margin`9900`	13,497	25,573	170,976	140,180	180,323	147,980	150,024	126,187	131,668	-	-	-	-	-	-	-	-	197,150	116,580	167,173
Operating charges`60/66A`	-	-	-	-	-	-	-	-	-	248,312	314,038	331,736	309,168	301,067	265,985	265,179	318,714	-	-	-
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	119,567	88,416	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goods for resale, raw materials and consumables`60`	-	-	-	-	-	-	-	-	-	88,200	136,553	166,005	121,736	109,593	97,406	33,215	39,123	-	-	-
Purchases`600/8`	-	-	-	-	-	-	-	-	-	88,200	136,553	166,005	121,736	109,593	97,406	33,215	39,123	-	-	-
Services and other goods`61`	-	-	-	-	-	-	-	-	-	44,195	55,806	45,797	68,526	66,974	68,694	74,019	85,180	-	-	-
Remuneration, social security and pensions`62`	-	0	155,026	125,755	167,664	135,647	142,279	109,840	121,383	115,248	119,431	117,403	117,101	114,628	98,608	155,989	193,227	249,223	132,806	93,628
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-	-	-	-	1,423	-	-	-	-155	-	155	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-7,500	7,500	11,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-85,990	-	85,990
Other operating charges`640/8`	8,118	7,420	5,968	963	449	702	683	723	771	669	2,249	1,109	1,806	9,873	1,277	2,110	1,185	758	2,726	920
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,694	-	-	-	-
Operating profit (loss)`9901`	12,878	10,653	-1,019	13,462	12,211	11,631	7,063	15,624	9,515	87,817	21,546	41,555	66,310	39,088	31,220	33,073	53,137	33,003	-18,952	-13,365
Financial income`75/76B`	650	6	0	234	0	345	130	0	1	3,051	668	265	239	240	322	300	6,274	1,493	1,152	683
Recurring financial income`75`	650	6	0	234	0	345	130	0	1	3,051	668	265	239	240	322	300	6,274	1,493	1,152	683
Income from current assets`751`	-	-	-	-	-	-	-	-	-	1	120	265	239	234	302	291	211	-	-	-
Other financial income`752/9`	-	-	-	-	-	-	-	-	-	3,049	548	0	0	6	20	9	6,064	-	-	-
Financial charges`65/66B`	1,746	2,157	1,102	1,229	919	1,276	1,766	3,743	3,403	3,755	3,573	4,112	3,502	3,462	3,729	3,576	3,444	3,804	4,659	3,956
Recurring financial charges`65`	1,746	2,157	1,102	1,229	919	1,276	1,766	3,743	3,403	3,755	3,573	4,112	3,502	3,462	3,729	3,576	3,444	3,804	4,659	3,956
Debt charges`650`	-	-	-	-	-	-	-	-	-	381	12	558	58	8	460	-	278	-	-	-
Other financial charges`652/9`	-	-	-	-	-	-	-	-	-	3,374	3,561	3,554	3,444	3,454	3,269	3,576	3,166	-	-	-
Profit (loss) for the period before taxes`9903`	11,783	8,501	-2,121	12,467	11,292	10,700	5,427	11,881	6,113	87,113	23,957	37,708	63,047	35,866	27,813	26,103	61,000	30,693	-22,460	-16,638
Income taxes`67/77`	6,022	4,020	1,464	3,881	4,051	4,373	2,490	5,495	3,958	31,075	9,202	12,782	25,265	14,321	9,289	10,510	25,331	224	-	-
Taxes`670/3`	-	-	-	-	-	-	-	-	-	31,075	9,202	13,066	25,469	15,923	11,647	10,544	25,331	-	-	-
Tax adjustments and reversals of tax provisions`77`	-	-	-	-	-	-	-	-	-	-	-	285	205	1,601	2,358	34	-	-	-	-
Profit (loss) for the period`9904`	5,761	4,481	-3,585	8,586	7,242	6,326	2,937	6,386	2,155	56,038	14,755	24,926	37,782	21,545	18,524	15,593	35,669	30,469	-22,460	-16,638
Profit (loss) for the period to be appropriated`9905`	5,761	4,481	-3,585	8,586	7,242	6,326	2,937	6,386	2,155	56,038	14,755	24,926	37,782	21,545	18,524	15,593	35,669	30,469	-22,460	-16,638
Appropriation of the result
Profit (loss) to be appropriated`9906`	266,931	261,170	256,688	260,273	251,687	244,445	238,119	235,182	228,796	226,641	170,603	155,848	130,922	93,139	71,595	53,071	37,478	1,809	-28,659	-6,200
Profit (loss) brought forward from the previous period`14P`	261,170	256,688	260,273	251,687	244,445	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	0	2	2.4	2.7	2.8	2.4	1.8	2	2	2	2	2	2	2	2.8	3.6	4.6	2.7	1.8
Men (FTE)`1003`	-	-	-	-	-	-	-	-	-	1	1	1	1	1	-	-	-	-	-	-
Women (FTE)`1003`	-	-	-	-	-	-	-	-	-	1	1	1	1	1	-	-	-	-	-	-
Hours worked`1013`	-	-	3,321	3,199	4,035	3,498	3,564	2,952	3,135	3,291	3,272	3,270	3,108	3,299	3,302	3,981	5,602	7,287	4,423	2,777
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	30-06-2026	2026-00239242	PDF
31-12-2024	abbreviated format	02-07-2025	2025-00225341	PDF
31-12-2023	abbreviated format	03-07-2024	2024-00207495	PDF
31-12-2022	abbreviated format	11-07-2023	2023-00230135	PDF
31-12-2021	abbreviated format	11-07-2022	2022-20182524	PDF
31-12-2020	abbreviated format	02-07-2021	2021-29900019	PDF
31-12-2019	abbreviated format	25-06-2020	2020-20500378	PDF
31-12-2018	abbreviated format	03-07-2019	2019-28500256	PDF
31-12-2017	abbreviated format	21-06-2018	2018-21400317	PDF
31-12-2016	full format	04-07-2017	2017-27200201	PDF
31-12-2015	full format	08-06-2016	2016-16000250	PDF
31-12-2014	full format	29-07-2015	2015-36000224	PDF
31-12-2013	full format	11-06-2014	2014-16800519	PDF
31-12-2012	full format	17-07-2013	2013-31300162	PDF
31-12-2011	full format	28-06-2012	2012-23000214	PDF
31-12-2010	full format	23-09-2011	2011-55100559	PDF
31-12-2009	full format	05-07-2010	2010-27300334	PDF
31-12-2008	abbreviated format	02-07-2009	2009-37400213	PDF
31-12-2007	abbreviated format	03-07-2008	2008-36100217	PDF
31-12-2006	abbreviated format	29-06-2007	2007-32100391	PDF
31-12-2005	abbreviated format	28-06-2006	2006-34502488	PDF
31-12-2004	abbreviated format	21-06-2005	2005-29801715	PDF
31-12-2003	abbreviated format	02-07-2004	2004-38802963	PDF
31-12-2002	abbreviated format	23-06-2003	2003-28204814	PDF
31-12-2001	abbreviated format	26-06-2002	2002-27802857	PDF
31-12-2000	abbreviated format	27-06-2001	2001-28000327	PDF
31-12-1999	abbreviated format	05-07-2000	2000-33600246	PDF
31-12-1998	abbreviated format	21-06-1999	1999-20602578	PDF
31-12-1997	abbreviated format	10-06-1998	1998-15601554	PDF
31-12-1996	abbreviated format	24-06-1997	1997-19601089	PDF
31-12-1995	abbreviated format	28-06-1996	1996-26804012	PDF
31-12-1994	abbreviated format	05-07-1995	1995-36403247	PDF
31-12-1993	abbreviated format	04-10-1994	1994-42500368	PDF
31-12-1992	abbreviated format	22-06-1993	1993-15500970	PDF
31-12-1991	abbreviated format	29-06-1992	1992-16200569	PDF
31-12-1990	abbreviated format	14-06-1991	1991-10001402	PDF
31-12-1989	abbreviated format	19-06-1990	1990-09504353	PDF
31-12-1988	abbreviated format	02-06-1989	1989-06204866	PDF
31-12-1987	abbreviated format	17-06-1988	1988-08701091	PDF
31-12-1986	abbreviated format	12-06-1987	1987-09600105	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Investment in fixed assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	8
Change in cash	102,071	106,780	-56,019	116,648	-193,356	83,690	-64,081	150,186	-14,356	-83,732	166,456	9,485	-30,965	-28,251	93,652	-9,522	-140,619	187,052	-101,006	-
Working capital	304,295	307,467	293,985	287,740	279,154	271,689	265,712	264,455	254,719	252,564	194,926	180,171	155,133	119,047	99,169	82,974	61,717	26,058	83,633	102,048
EBIT margin	-	-	-	-	4.3%	5.2%	-	-	-	26.8%	6.7%	11.5%	18.0%	11.8%	11.1%	11.7%	14.9%	-	-	-
Solvency	55.8%	54.8%	67.6%	64.4%	17.8%	57.4%	74.9%	54.7%	66.3%	58.3%	46.3%	37.5%	42.4%	30.4%	20.0%	29.1%	29.2%	6.5%	-2.7%	4.1%
Current ratio	2.39	2.44	3.40	2.86	1.22	2.38	4.14	2.26	3.00	2.41	1.86	1.60	1.73	1.44	1.26	1.45	1.41	1.07	2.41	1.29
Debt to equity	0.76	0.76	0.44	0.55	4.62	0.74	0.33	0.83	0.51	0.72	1.16	1.66	1.36	2.29	4.01	2.44	2.43	14.50	-	18.78
ROE	2.0%	1.6%	-1.3%	3.0%	2.6%	2.3%	1.1%	2.5%	0.8%	22.3%	7.6%	13.8%	24.3%	18.3%	19.2%	20.0%	57.3%	114.5%	-	-89.5%
ROA	1.1%	0.9%	-0.9%	1.9%	0.5%	1.3%	0.8%	1.3%	0.6%	13.0%	3.5%	5.2%	10.3%	5.6%	3.8%	5.8%	16.7%	7.4%	-15.5%	-3.7%
Customer credit	-	-	-	-	1830 days	213 days	-	-	-	258 days	190 days	397 days	261 days	305 days	416 days	288 days	160 days	-	-	-
Supplier credit	-	-	-	-	3823 days	718 days	-	-	-	320 days	365 days	418 days	317 days	459 days	770 days	505 days	261 days	-	-	-

Item	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	-	3	2
full-time	-	3	2
part-time	-	0	-
in full-time equivalents	-	3	2
Average over the year, in full-time equivalents	2	2.4	2.7
On a permanent contract	-	3	2
Joined	0	2	1
Left	3	1	2
Training hours	49	3	6

FLATRACO

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency55.8%

Current ratio2.39

Return on assets1.1%

Staff

Men and women

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Insights on FLATRACO

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