GALACTIC
ActiveFinancials · financial year 2026, full format
Annual accounts 2026 filed on 18-08-2026 at the NBB all 49 filings
Turnover
€50.2m▼ 9.0%
2025 · €55.1m
EBIT margin
-4.4%▼ 3.2pp
2025 · -1.2%
Net result
-€1.7m
2025 · €394,400
Working capital
€9.1m▼ 35.7%
2025 · €14.1m
In the rankings
#1 employer in Celles#1 company by total assets in Celles#1 company by equity in Celles
Trend over the years
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result for 2026 is a loss of €2.2m, larger than the loss of €686,019 in 2025.
Turnover€50.2m
2026
Operating result-€2.2m
2026
Net result-€1.7m
2026
Total assets€48.6m
2026
Equity€22.0m
2026
Debt€26.6m
2026
Working capital€9.1m
2026
EBIT margin-4.4%
2026
Return on assets (ROA)-3.4%
2026
Solvency45.2%
2026
Current ratio1.41
2026
Staff (FTE)138
2026
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of chemicals and chemical products (NACE 20). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Turnover€37.5m-€41.1m▲ 9.7%€45.9m▲ 11.7%€51.9m▲ 12.9%€65.1m▲ 25.5%€49.1m▼ 24.6%€55.1m▲ 12.3%€50.2m▼ 9.0%
Operating result€0.6m--€0.9m€1.9m€5.4m▲ 180%€6.7m▲ 24.6%-€3.2m-€0.7m▲ 78.9%-€2.2m▼ 224%
Net result€4.9m-€1.7m▼ 65.7%€4.5mabove the sector's middle half▲ 168%€6.5mabove the sector's middle half▲ 45.1%€7.3mabove the sector's middle half▲ 12.8%-€2.2mbelow the sector's middle half€0.4mwithin the sector's middle half-€1.7m
EBIT margin1.6%--2.1%▼ 3.7pp4.2%▲ 6.3pp10.4%▲ 6.2pp10.3%▼ 0.1pp-6.6%▼ 17.0pp-1.2%▲ 5.4pp-4.4%▼ 3.2pp
Equity€21.0m-€22.6m▲ 7.6%€25.6mwithin the sector's middle half▲ 13.4%€30.7mwithin the sector's middle half▲ 19.8%€36.6mabove the sector's middle half▲ 19.4%€23.0mwithin the sector's middle half▼ 37.1%€23.4mwithin the sector's middle half▲ 1.7%€22.0m▼ 6.1%
Total assets€49.2m-€53.8m▲ 9.4%€48.4mwithin the sector's middle half▼ 10.1%€57.7mwithin the sector's middle half▲ 19.2%€67.3mwithin the sector's middle half▲ 16.7%€44.7mwithin the sector's middle half▼ 33.6%€49.1mwithin the sector's middle half▲ 10.0%€48.6m▼ 1.1%
Debt€28.1m-€31.1m▲ 10.7%€22.7m▼ 26.9%€26.9m▲ 18.2%€30.5m▲ 13.3%€21.2m▼ 30.3%€25.1m▲ 18.3%€26.6m▲ 5.9%
Working capital€0.3m-€1.1m▲ 247%€5.0mwithin the sector's middle half▲ 354%€10.4mwithin the sector's middle half▲ 107%€14.3mabove the sector's middle half▲ 37.2%€13.0mwithin the sector's middle half▼ 8.7%€14.1mabove the sector's middle half▲ 8.3%€9.1m▼ 35.7%
Solvency42.6%-41.9%▼ 0.7pp52.9%within the sector's middle half▲ 11.0pp53.2%within the sector's middle half▲ 0.3pp54.4%within the sector's middle half▲ 1.2pp51.5%within the sector's middle half▼ 2.9pp47.6%within the sector's middle half▼ 3.9pp45.2%▼ 2.4pp
Current ratio1.02-1.05▲ 0.031.31within the sector's middle half▲ 0.261.50within the sector's middle half▲ 0.191.55within the sector's middle half▲ 0.051.80within the sector's middle half▲ 0.251.74within the sector's middle half▼ 0.061.41▼ 0.33
Return on assets (ROA)9.9%-3.1%▼ 6.8pp9.3%within the sector's middle half▲ 6.2pp11.3%above the sector's middle half▲ 2.0pp10.9%above the sector's middle half▼ 0.4pp-5.0%below the sector's middle half▼ 15.9pp0.8%within the sector's middle half▲ 5.8pp-3.4%▼ 4.2pp
Staff (FTE)119.6-113.3▼ 5.3%115.4within the sector's middle half▲ 1.9%125.1within the sector's middle half▲ 8.4%130.9within the sector's middle half▲ 4.6%137.9within the sector's middle half▲ 5.3%143.3above the sector's middle half▲ 3.9%138▼ 3.7%
above
within
below
The sector band is the middle half of the companies in Manufacture of chemicals and chemical products (NACE 20). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €48.6m
Fixed assets
€17.6m ▲ 9.7%
Current assets
€31.0m ▼ 6.4%
Equity and liabilities €48.6m
Equity
€22.0m ▼ 6.1%
Provisions
€0 ▼ 100%
Debt
€26.6m ▲ 5.9%
Debt's share of the balance-sheet total rises from 51.2% to 54.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€832,682▼
2025 · €661,759
Cash flow
-€281,356▼
2025 · €1.7m
Quick ratio
0.47▼
2025 · 0.70
Debt to equity
1.21▲
2025 · 1.07
ROE
-7.6%▼
2025 · 1.7%
Interest coverage
-1.43▼
2025 · 1.15
Debt ≤ 1 year
€21.9m▲
2025 · €19.0m
Debt > 1 year
€3.9m▼
2025 · €4.2m
Income taxes
€113,057▲
2025 · €41,274
Customer credit
64 days▼
2025 · 76 days
Supplier credit
97 days▲
2025 · 72 days
Staff costs
€12.2m▲
2025 · €11.8m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 131 | 139 | 146 | 146 | 142 |
| full-time | 117 | 118 | 124 | 116 | 118 |
| part-time | 14 | 21 | 22 | 30 | 24 |
| in full-time equivalents | 128.3 | 133.7 | 140.7 | 139.2 | 136.8 |
| Average over the year, in full-time equivalents | 125.1 | 130.9 | 137.9 | 143.3 | 138 |
| On a permanent contract | 125 | 130 | 135 | 139 | 132 |
| Joined | 18 | 26 | 23 | 22 | 20 |
| Left | 13 | 18 | 16 | 22 | 23 |
| Agency workers, average number | 9.8 | 13.2 | 7.7 | 6.8 | 6.5 |
| Training hours | 3,525 | 1,220 | 452 | 1,673 | 2,104 |
Source: social balance sheet in the 2022 to 2026 annual accounts
Securities and guarantees
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €2.9m | €3.7m | €3.8m | €4.9m | €5.2m |
| Mortgages, amount registered | €5.0m | €5.0m | €5.0m | €5.0m | - |
| Mortgage mandates | - | - | - | - | €5.0m |
| Carrying value of the mortgaged assets | €982,489 | €1.0m | €1.1m | €1.1m | €1.1m |
| Pledge on the business | €13.2m | €13.2m | €19.8m | €19.8m | €19.8m |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.6m | €2.2m | €1.2m | €1.9m | €2.8m |
| Intangible fixed assets | - | - | - | €2,349 | €9,810 |
| Financial fixed assets | - | €98,622 | - | €50,000 | €189,000 |
| Depreciation and write-downs of the year | €2.1m | €1.7m | €1.4m | €1.3m | €1.4m |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Auditor
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Fee for the audit | €29,417 | €39,045 | €33,236 | €34,566 | €38,242 |
| Other work by the auditor | - | - | - | - | €3,500 |
| Work by persons linked to the auditor | - | - | - | €1,041 | €3,265 |
Source: notes to the 2022 to 2026 annual accounts (relations with the auditor)
Subsidies and aid
European Union, budget
2025 · 1 entry · €591,391 in totalProjects
SOLRESS - INNOVATIVE BIOTECH ROUTES FOR EFFICIENT BIO-BASED SOLVENT PRODUCTION PROMOTING A SAFE AND SUSTAINABLE EUROPEAN INDUSTRY.
European research
2 projects · €591,394 EU contributionProgrammes
Projects
Innovative biotech routes for efficient bio-based solvent production promoting a safe and sustainable European industry.
iFERMENTER - CONVERSION OF FORESTRY SUGAR RESIDUAL STREAMS TO ANTIMICROBIAL PROTEINS BY INTELLIGENT FERMENTATION
Comparable companies
These companies have the same main activity as GALACTIC: manufacture of chemicals and chemical products (NACE 20140). They are comparable in size and age: total assets between €34m and €93m, founded between 1968 and 1981.
| Company | Founded | Total assets | Equity | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| GALACTIC Celles (lez-Tournai) | 1971 | €48.6m | €22.0m | €50.2m | -€1.7m | 138 | 2026 |
| Nouryon Chemicals Mons | 1975 | €93.2m | €66.9m | €65.7m | €6.5m | 191.3 | 2025 |
| UMICORE SPECIALTY MATERIALS BRUGGE Brugge | 1968 | €48.4m | €3.2m | €77.1m | €4.8m | 118.8 | 2025 |
| GENENCOR INTERNATIONAL Brugge | 1981 | €61.5m | €34.6m | €40.3m | €1.4m | 122 | 2025 |
| Benechim Lessines | 1968 | €33.9m | €29.5m | €28.9m | €0.2m | 57.3 | 2025 |
| VEOS Wingene | 1974 | €57.4m | €25.4m | €62.2m | €11.8m | 64.1 | 2025 |
| CABOT PLASTICS BELGIUM Ans | 1969 | €35.9m | €29.0m | €23.8m | €1.3m | 101.6 | 2025 |
They were chosen from the 92 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 830 companies had the same profile as GALACTIC has now. Two years later, 0.6% had gone bankrupt and 96.5% were still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
2.9%
stopped otherwise
96.5%
was still going
That fits the bankruptcy probability of GALACTIC itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 830 companies, not a prediction for GALACTIC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | €42.6m | - | €54.7m | €70.8m | €47.9m | €59.7m | €54.0m | ▼ 9.5% |
| Turnover70 | €37.5m | €41.1m | €45.9m | €51.9m | €65.1m | €49.1m | €55.1m | €50.2m | ▼ 9.0% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | -€0.01m | - | €0.9m | €3.9m | -€3.0m | €2.9m | €1.5m | ▼ 47.1% |
| Own construction capitalised72 | - | €0.004m | - | €0.01m | €0.007m | €0.007m | €0.02m | €0.02m | ▲ 28.3% |
| Other operating income74 | - | €1.3m | - | €1.8m | €1.7m | €1.7m | €1.6m | €2.3m | ▲ 40.7% |
| Non-recurring operating income76A | - | €0.1m | - | - | - | €0.02m | €0.01m | €0.01m | ▼ 12.0% |
| Operating charges60/66A | - | €43.5m | - | €49.3m | €64.0m | €51.1m | €60.4m | €56.2m | ▼ 6.9% |
| Goods for resale, raw materials and consumables60 | - | €22.4m | - | €25.0m | €34.6m | €24.2m | €30.0m | €26.4m | ▼ 12.0% |
| Purchases600/8 | - | - | - | €30.4m | €38.3m | €20.0m | €30.2m | €25.6m | ▼ 15.2% |
| Change in stocks: decrease (increase)609 | - | €0.09m | - | -€5.4m | -€3.7m | €4.2m | -€0.3m | €0.7m | - |
| Services and other goods61 | - | €10.5m | - | €12.9m | €17.4m | €13.5m | €16.5m | €16.3m | ▼ 1.1% |
| Remuneration, social security and pensions62 | - | €7.1m | - | €8.9m | €9.7m | €11.1m | €11.8m | €12.2m | ▲ 3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3.3m | €3.1m | €2.8m | €2.1m | €1.7m | €1.4m | €1.3m | €1.4m | ▲ 3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€0.003m | - | - | - | -€0.02m | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.06m | €0.08m | €0.2m | €0.2m | -€0.6m | - |
| Other operating charges640/8 | - | €0.5m | - | €0.3m | €0.5m | €0.6m | €0.6m | €0.6m | ▼ 3.0% |
| Non-recurring operating charges66A | - | - | - | - | €0.02m | €0.04m | €0.02m | - | - |
| Operating profit (loss)9901 | €0.6m | -€0.9m | €1.9m | €5.4m | €6.7m | -€3.2m | -€0.7m | -€2.2m | ▼ 224% |
| Financial income75/76B | - | - | - | €2.1m | €3.5m | €2.4m | €2.4m | €2.2m | ▼ 10.9% |
| Recurring financial income75 | €1.4m | €2.5m | €1.9m | €2.1m | €3.5m | €2.4m | €2.4m | €2.2m | ▼ 10.9% |
| Income from financial fixed assets750 | - | €2.0m | - | €1.5m | €2.4m | €1.9m | €1.9m | €2.0m | ▲ 3.7% |
| Income from current assets751 | - | €0.08m | - | €0.02m | €0.08m | €0.3m | €0.02m | €0.007m | ▼ 73.1% |
| Other financial income752/9 | - | €0.4m | - | €0.5m | €1.0m | €0.2m | €0.5m | €0.2m | ▼ 65.0% |
| Non-recurring financial income76B | - | €0.9m | - | - | €0.01m | €0.001m | €0 | - | - |
| Financial charges65/66B | - | €0.7m | - | €0.5m | €1.2m | €1.1m | €1.3m | €1.5m | ▲ 15.1% |
| Recurring financial charges65 | €0.7m | €0.7m | €1.1m | €0.5m | €1.2m | €1.1m | €1.3m | €1.4m | ▲ 11.2% |
| Debt charges650 | €0.4m | €0.5m | €0.3m | €0.2m | €0.3m | €0.7m | €0.6m | €0.6m | ▲ 1.5% |
| Other financial charges652/9 | - | €0.3m | - | €0.3m | €0.9m | €0.4m | €0.7m | €0.9m | ▲ 19.0% |
| Non-recurring financial charges66B | - | €101 | - | €0.001m | €0.003m | - | - | €0.05m | - |
| Profit (loss) for the period before taxes9903 | €4.9m | €1.7m | €4.6m | €7.0m | €9.0m | -€2.0m | €0.4m | -€1.6m | - |
| Income taxes67/77 | - | €0.07m | €0.1m | €0.5m | €1.6m | €0.2m | €0.04m | €0.1m | ▲ 174% |
| Taxes670/3 | - | €0.07m | - | €0.5m | €1.7m | €0.2m | €0.1m | €0.1m | ▲ 9.5% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0.08m | - | €0.06m | - | - |
| Profit (loss) for the period9904 | €4.9m | €1.7m | €4.5m | €6.5m | €7.3m | -€2.2m | €0.4m | -€1.7m | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | €0.02m | - | - | €0.7m | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €1.0m | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €4.9m | €1.7m | €5.2m | €6.5m | €6.4m | -€2.2m | €0.4m | -€1.0m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €49.2m | €53.8m | €48.4m | €57.7m | €67.3m | €44.7m | €49.1m | €48.6m | ▼ 1.1% |
| Fixed assets21/28 | €29.8m | €30.5m | €27.0m | €26.5m | €27.0m | €15.4m | €16.0m | €17.6m | ▲ 9.7% |
| Intangible fixed assets21 | €0.07m | €0.03m | €0.009m | €0.004m | €0.001m | €0.02m | €0.02m | €0.04m | ▲ 72.2% |
| Tangible fixed assets22/27 | €11.4m | €9.0m | €7.5m | €7.0m | €7.4m | €7.2m | €7.7m | €9.1m | ▲ 18.1% |
| Land and buildings22 | - | €1.1m | - | €1.0m | €1.0m | €1.1m | €1.1m | €1.1m | ▼ 0.7% |
| Plant, machinery and equipment23 | - | €6.9m | - | €5.1m | €4.1m | €5.1m | €4.7m | €6.6m | ▲ 41.5% |
| Furniture and vehicles24 | - | €0.07m | - | €0.1m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 13.3% |
| Leasing and similar rights25 | - | €0.8m | - | €0.1m | €0.06m | €0.04m | €0.03m | €0.05m | ▲ 94.9% |
| Other tangible fixed assets26 | - | €0.05m | - | €0.06m | €0.08m | €0.4m | €0.5m | €0.8m | ▲ 81.0% |
| Assets under construction and advance payments27 | - | €0.07m | - | €0.6m | €1.9m | €0.3m | €1.1m | €0.2m | ▼ 83.6% |
| Financial fixed assets28 | €18.3m | €21.5m | €19.5m | €19.5m | €19.6m | €8.3m | €8.3m | €8.5m | ▲ 1.8% |
| Affiliated companies280/1 | - | €21.4m | - | €19.5m | €19.6m | €8.2m | €8.3m | €8.4m | ▲ 1.7% |
| Participating interests280 | - | €21.4m | - | €19.5m | €19.6m | €8.2m | €8.3m | €8.4m | ▲ 1.7% |
| Other financial fixed assets284/8 | - | €0.05m | - | €0.001m | €0.04m | €0.004m | €0.02m | €0.03m | ▲ 38.8% |
| Amounts receivable and cash guarantees285/8 | - | €0.05m | - | €0.001m | €0.04m | €0.004m | €0.02m | €0.03m | ▲ 38.8% |
| Current assets29/58 | €19.4m | €23.3m | €21.4m | €31.2m | €40.2m | €29.2m | €33.1m | €31.0m | ▼ 6.4% |
| Stocks and contracts in progress3 | €9.6m | €9.5m | €9.9m | €16.2m | €23.9m | €16.7m | €19.9m | €20.7m | ▲ 4.1% |
| Stocks30/36 | - | €9.5m | - | €16.2m | €23.9m | €16.7m | €19.9m | €20.7m | ▲ 4.1% |
| Raw materials and consumables30/31 | - | €3.8m | - | €10.1m | €13.8m | €9.7m | €9.9m | €9.2m | ▼ 7.4% |
| Work in progress32 | - | €1.7m | - | €0.8m | €1.2m | €1.1m | €1.2m | €1.0m | ▼ 17.8% |
| Finished goods33 | - | €4.0m | - | €5.3m | €8.8m | €5.9m | €8.8m | €10.5m | ▲ 20.0% |
| Amounts receivable within one year40/41 | €9.4m | €13.3m | €11.0m | €13.9m | €16.0m | €10.9m | €12.0m | €9.3m | ▼ 22.4% |
| Trade receivables40 | - | €9.9m | - | €11.6m | €10.6m | €10.3m | €11.5m | €8.8m | ▼ 23.0% |
| Other amounts receivable41 | - | €3.5m | - | €2.3m | €5.4m | €0.6m | €0.6m | €0.5m | ▼ 11.0% |
| Cash at bank and in hand54/58 | €0.3m | €0.4m | €0.4m | €0.8m | €0.3m | €1.5m | €0.7m | €0.7m | ▼ 7.3% |
| Deferred charges and accrued income490/1 | - | €0.1m | - | €0.3m | €0.1m | €0.2m | €0.5m | €0.3m | ▼ 35.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €49.2m | €53.8m | €48.4m | €57.7m | €67.3m | €44.7m | €49.1m | €48.6m | ▼ 1.1% |
| Equity10/15 | €21.0m | €22.6m | €25.6m | €30.7m | €36.6m | €23.0m | €23.4m | €22.0m | ▼ 6.1% |
| Contributions10/11 | €21.1m | €21.1m | €21.1m | €21.1m | €21.1m | €14.5m | €14.5m | €14.7m | ▲ 1.4% |
| Capital10 | - | €21.1m | - | €21.1m | €21.1m | €14.5m | €14.5m | €14.7m | ▲ 1.4% |
| Issued capital100 | - | €21.1m | - | €21.1m | €21.1m | €14.5m | €14.5m | €14.7m | ▲ 1.4% |
| Reserves13 | €1.5m | €1.5m | €1.7m | €1.0m | €2.3m | €1.6m | €1.6m | €1.6m | = |
| Non-distributable reserves130/1 | - | - | - | €1.0m | €1.3m | €0.9m | €0.9m | €0.9m | = |
| Legal reserve130 | - | €0.5m | - | €1.0m | €1.3m | €0.9m | €0.9m | €0.9m | = |
| Reserves not available under the articles1311 | - | €0.001m | - | - | - | - | - | - | - |
| Other1319 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Tax-exempt reserves132 | - | €0.8m | - | €0.02m | €1.0m | €0.7m | €0.7m | - | - |
| Distributable reserves133 | - | €0.3m | - | - | €0.02m | €0.01m | €0.01m | €0.7m | ▲ 65× |
| Profit (loss) carried forward14 | -€1.8m | -€0.1m | €2.7m | €8.5m | €13.2m | €6.9m | €7.2m | €5.6m | ▼ 23.1% |
| Investment grants15 | - | €0.1m | - | €0.03m | €0.02m | €0.01m | €0.006m | €0.05m | ▲ 703% |
| Provisions and deferred taxes16 | €0.1m | €0.1m | €0.04m | €0.1m | €0.2m | €0.4m | €0.6m | - | - |
| Provisions for liabilities and charges160/5 | - | €0.1m | - | €0.1m | €0.2m | €0.4m | €0.6m | - | - |
| Major repairs and maintenance162 | - | - | - | €0.06m | €0.2m | €0.2m | €0.3m | - | - |
| Other liabilities and charges164/5 | - | €0.1m | - | €0.04m | - | €0.2m | €0.3m | - | - |
| Amounts payable17/49 | €28.1m | €31.1m | €22.7m | €26.9m | €30.5m | €21.2m | €25.1m | €26.6m | ▲ 5.9% |
| Amounts payable after more than one year17 | €8.6m | €7.8m | €5.3m | €4.1m | €3.9m | €3.4m | €4.2m | €3.9m | ▼ 6.4% |
| Financial debts170/4 | - | €7.8m | - | €4.1m | €3.9m | €3.4m | €4.2m | €3.9m | ▼ 6.4% |
| Subordinated loans170 | - | €2.8m | - | €1.2m | €0.4m | €0 | - | - | - |
| Leasing and similar obligations172 | - | €0.4m | - | €0.03m | €0.04m | €0.03m | €0.01m | €0.04m | ▲ 174% |
| Credit institutions173 | - | €2.9m | - | €1.8m | €2.9m | €3.1m | €4.1m | €3.8m | ▼ 5.2% |
| Other loans174 | - | €1.7m | - | €1.0m | €0.6m | €0.3m | €0.1m | €0.02m | ▼ 81.5% |
| Amounts payable within one year42/48 | €19.1m | €22.2m | €16.4m | €20.8m | €26.0m | €16.2m | €19.0m | €21.9m | ▲ 15.4% |
| Current portion of amounts payable after more than one year42 | - | €2.7m | - | €2.5m | €2.1m | €1.6m | €1.1m | €1.5m | ▲ 39.3% |
| Financial debts43 | - | €12.2m | - | €5.7m | €11.9m | €4.1m | €9.8m | €11.2m | ▲ 13.9% |
| Credit institutions430/8 | - | €10.7m | - | €5.7m | €11.9m | €4.1m | €9.8m | €11.2m | ▲ 13.9% |
| Other loans439 | - | €1.5m | - | - | - | - | - | - | - |
| Trade debts44 | €5.7m | €5.9m | €6.2m | €9.2m | €8.3m | €6.9m | €5.9m | €7.0m | ▲ 18.1% |
| Suppliers440/4 | - | €5.9m | - | €9.2m | €8.3m | €6.8m | €5.9m | €7.0m | ▲ 18.3% |
| Bills of exchange payable441 | - | €0.02m | - | €0.002m | - | €0.05m | €0.008m | - | - |
| Advances received on contracts in progress46 | - | €0.2m | - | €0.3m | €0.1m | €0.07m | €0.3m | €0.03m | ▼ 90.3% |
| Taxes, remuneration and social security45 | - | €1.2m | - | €1.6m | €2.0m | €2.1m | €2.0m | €2.3m | ▲ 15.6% |
| Taxes450/3 | - | €0.05m | - | €0.004m | €0.2m | €0.3m | €0.05m | €0.06m | ▲ 8.6% |
| Remuneration and social security454/9 | - | €1.1m | - | €1.6m | €1.8m | €1.8m | €1.9m | €2.2m | ▲ 15.8% |
| Other amounts payable47/48 | - | - | - | €1.4m | €1.6m | €1.4m | - | - | - |
| Accrued charges and deferred income492/3 | - | €1.1m | - | €2.1m | €0.6m | €1.7m | €2.0m | €0.8m | ▼ 60.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.9m | €1.7m | €4.5m | €6.5m | €7.3m | -€2.2m | €0.4m | -€1.7m | - |
| + Depreciation and write-downs630 | €3.3m | €3.1m | €2.8m | €2.1m | €1.7m | €1.4m | €1.3m | €1.4m | ▲ 3.3% |
| Operating cash flow (approximation) | €8.2m | €4.8m | €7.3m | €8.6m | €9.1m | -€0.9m | €1.7m | -€0.3m | - |
| Investment in fixed assets (approximation) | - | -€3.8m | €0.7m | -€1.6m | -€2.3m | €10.2m | -€1.9m | -€2.9m | ▼ 51.7% |
| Change in cash | - | €0.09m | -€0.06m | €0.4m | -€0.5m | €1.2m | -€0.7m | -€0.05m | ▲ 92.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | full format | 18-08-2026 | 2026-00419933 | NBB |
| 31-03-2025 | full format | 01-09-2025 | 2025-00486165 | |
| 31-03-2024 | full format | 21-08-2024 | 2024-00378206 | |
| 31-03-2023 | full format | 26-10-2023 | 2023-00501055 | |
| 31-03-2022 | full format | 26-09-2022 | 2022-20438911 | |
| 31-03-2021 | full format | 30-08-2021 | 2021-61700342 | |
| 31-03-2020 | full format | 27-07-2020 | 2020-35300579 | |
| 31-03-2019 | full format | 03-09-2019 | 2019-63100091 | |
| 31-03-2018 | full format | 09-07-2018 | 2018-31200052 | |
| 31-03-2017 | full format | 05-10-2017 | 2017-66100080 |