Full-Kitching (0777.383.536): financials and annual accounts

Full-Kitching

Ostend ·KBO/BCE: BE 0777.383.536

Line	2025	2024	2023	2022
Balance sheet: assets
Total assets`20/58`	460,189	463,926	511,043	468,853
Fixed assets`21/28`	204,412	253,720	297,630	320,890
Intangible fixed assets`21`	14,882	17,484	20,086	22,688
Tangible fixed assets`22/27`	189,530	236,236	277,544	298,202
Plant, machinery and equipment`23`	3,220	4,830	6,441	-
Furniture and vehicles`24`	13,627	30,849	42,672	41,897
Other tangible fixed assets`26`	172,683	200,557	228,431	256,305
Current assets`29/58`	255,777	210,206	213,414	147,962
Stocks and contracts in progress`3`	116,390	112,596	74,148	47,473
Stocks`30/36`	116,390	112,596	74,148	47,473
Amounts receivable within one year`40/41`	83,717	22,355	91,537	28,367
Trade receivables`40`	80,802	19,440	91,537	28,367
Other amounts receivable`41`	2,915	2,915	-	-
Cash at bank and in hand`54/58`	44,542	64,404	38,850	64,178
Deferred charges and accrued income`490/1`	11,129	10,850	8,879	7,944
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	460,189	463,926	511,043	468,853
Equity`10/15`	14,660	-19,201	-188,071	-63,371
Contributions`10/11`	80,000	80,000	80,000	80,000
Profit (loss) carried forward`14`	-65,340	-99,201	-268,071	-143,371
Amounts payable`17/49`	445,529	483,126	699,114	532,224
Amounts payable after more than one year`17`	151,037	218,053	283,616	347,760
Financial debts`170/4`	151,037	218,053	283,616	347,760
Amounts payable within one year`42/48`	294,492	265,073	415,498	184,464
Current portion of amounts payable after more than one year`42`	69,599	68,109	66,656	46,032
Trade debts`44`	42,345	10,892	24,749	25,263
Suppliers`440/4`	42,345	10,892	24,749	25,263
Advances received on contracts in progress`46`	171,963	172,998	313,384	95,663
Taxes, remuneration and social security`45`	10,586	13,074	10,609	17,406
Taxes`450/3`	7,223	13,074	7,115	11,175
Remuneration and social security`454/9`	3,363	0	3,494	6,231
Other amounts payable`47/48`	-	0	100	100
Income statement
Gross operating margin`9900`	80,061	207,958	-48,390	-67,624
Remuneration, social security and pensions`62`	6,882	-488	37,288	37,077
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	41,510	43,910	43,311	29,477
Other operating charges`640/8`	6,941	2,388	1,305	482
Operating profit (loss)`9901`	24,728	162,149	-130,294	-134,659
Financial income`75/76B`	17,187	16,284	16,044	3,868
Recurring financial income`75`	17,187	16,284	16,044	3,868
Financial charges`65/66B`	7,738	9,260	10,211	12,532
Recurring financial charges`65`	7,738	9,260	10,211	12,532
Profit (loss) for the period before taxes`9903`	34,177	169,173	-124,461	-143,322
Income taxes`67/77`	316	303	239	49
Profit (loss) for the period`9904`	33,861	168,870	-124,700	-143,371
Profit (loss) for the period to be appropriated`9905`	33,861	168,870	-124,700	-143,371
Appropriation of the result
Profit (loss) to be appropriated`9906`	-65,340	-99,201	-268,071	-143,371
Profit (loss) brought forward from the previous period`14P`	-99,201	-268,071	-143,371	-
Social balance sheet
Average staff (FTE)`9087`	0.2	0	1.1	1.3
Hours worked`1013`	289	-	1,815	1,831
Document	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	31-08-2026	2026-00472466	PDF
31-12-2024	abbreviated format	07-04-2025	2025-00064771	PDF
31-12-2023	micro format	06-05-2024	2024-00082838	PDF
31-12-2022	micro format	31-05-2023	2023-00100151	PDF

Year	Entries	Awarded	Paid
2024	1	€47	€47
2023	1	€244	€244

Line	2025	2024	2023	2022
EBITDA	66,238	206,058	-86,982	-105,182
Cash flow	75,371	212,780	-81,389	-113,894
Investment in fixed assets (approximation)	-7,798	0	20,051	350,367
Change in cash	-19,862	25,553	-25,328	-
Working capital	-38,715	-54,868	-202,085	-36,502
Solvency	3.2%	-4.1%	-36.8%	-13.5%
Current ratio	0.87	0.79	0.51	0.80
Quick ratio	0.47	0.37	0.34	0.54
Debt to equity	30.39	-	-	-
ROE	231.0%	-	-	-
ROA	7.4%	36.4%	-24.4%	-30.6%
Interest coverage	8.56	22.25	-8.52	-8.39

Item	31-12-2025	31-12-2023	31-12-2022
Employees at the balance-sheet date	-	-	1
full-time	-	-	1
part-time	-	-	0
in full-time equivalents	-	-	1
Average over the year, in full-time equivalents	0.2	1.1	1.3
On a permanent contract	-	-	1
Joined	1	1	2
Left	1	2	1
Training hours	-	25	410

Full-Kitching

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency3.2%

Current ratio0.87

Return on assets7.4%

Staff

Staff cost per FTE€34,411

Joined and left+0

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2023 to 2024, 2 entries, €291 awarded, €291 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on Full-Kitching

Next steps

Item	2025	2024	2023	2022
Debts secured on the company's own assets	€102,934	-	-	-
Pledge on the business	€320,000	€320,000	€320,000	€320,000
Mandates to pledge the business	€320,000	€320,000	€320,000	€320,000

Item	2025	2024	2023	2022
Tangible fixed assets	-	-	€20,051	€325,856
Intangible fixed assets	-	-	-	€24,511
Depreciation and write-downs of the year	€41,510	€43,910	€43,311	€29,477