GP (0889.272.244): financials and annual accounts

Antwerp ·KBO/BCE: BE 0889.272.244

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2010	2009	2008
Balance sheet: assets
Total assets`20/58`	134,687	109,017	124,613	122,854	108,866	75,151	70,379	40,854	38,877	38,671	46,274	69,143	78,119	84,365	49,695	55,327	44,299
Fixed assets`21/28`	30,084	38,645	53,397	57,391	61,391	31,181	27,828	1,987	1,845	2,127	2,529	2,931	3,451	2,733	4,588	5,967	6,786
Intangible fixed assets`21`	4,833	5,833	6,833	7,833	8,833	9,833	-	-	-	-	-	-	-	-	1,333	2,333	3,333
Tangible fixed assets`22/27`	24,662	32,812	45,799	49,111	52,558	21,000	27,828	1,623	1,845	2,127	2,529	2,931	3,451	2,733	3,255	3,634	3,452
Plant, machinery and equipment`23`	80	140	200	260	320	380	440	500	560	620	680	740	800	860	980	1,040	1,100
Furniture and vehicles`24`	24,582	32,672	45,599	48,851	52,103	20,350	26,983	583	610	670	797	924	1,169	1,526	1,768	2,007	1,686
Other tangible fixed assets`26`	-	-	-	-	135	270	405	540	675	837	1,052	1,267	1,482	347	507	587	667
Financial fixed assets`28`	589	0	765	447	-	348	-	364	-	-	-	-	-	-	-	-	-
Current assets`29/58`	104,603	70,372	71,216	65,463	47,475	43,970	42,551	38,867	37,032	36,544	43,745	66,212	74,668	81,632	45,107	49,360	37,513
Stocks and contracts in progress`3`	99,071	64,956	66,106	62,531	39,001	40,065	39,800	37,011	31,935	22,724	3,366	11,219	14,106	21,462	24,802	28,400	19,860
Stocks`30/36`	99,071	64,956	66,106	62,531	39,001	40,065	39,800	37,011	31,935	22,724	3,366	11,219	14,106	21,462	24,802	28,400	19,860
Amounts receivable within one year`40/41`	-	-	-	-	-	267	-	330	-	573	1,189	844	4,041	2,810	2,841	4,048	3,647
Trade receivables`40`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	853	1,036	-
Other amounts receivable`41`	-	-	-	-	-	267	-	330	-	573	1,189	844	4,041	2,810	1,988	3,013	3,647
Cash at bank and in hand`54/58`	4,471	4,673	3,674	2,932	7,637	3,639	2,752	1,526	5,097	13,247	39,190	54,031	56,404	55,465	17,464	16,911	13,634
Deferred charges and accrued income`490/1`	1,060	743	1,436	-	837	-	-	-	-	-	-	117	117	1,895	-	-	373
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	134,687	109,017	124,613	122,854	108,866	75,151	70,379	40,854	38,877	38,671	46,274	69,143	78,119	84,365	49,695	55,327	44,299
Equity`10/15`	63,803	61,824	60,237	57,501	49,143	52,731	38,190	37,518	37,334	37,233	40,188	33,912	25,152	23,892	24,469	23,210	20,602
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
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
Reserves`13`	45,203	43,224	41,637	38,901	30,543	34,131	19,590	18,918	18,734	18,633	6,118	5,804	5,366	5,303	5,303	5,273	100
Non-distributable reserves`130/1`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,230	1,045	945	945	631	193	130	130	100	100
Reserves not available under the articles`1311`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	-	-	-	-	-	-	-	-	-	-	5,173	5,173	5,173	5,173	5,173	5,173	-
Distributable reserves`133`	43,343	41,364	39,777	37,041	28,683	32,271	17,730	17,689	17,689	17,689	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	-	-	-	-	-	-	-	-	-	-	15,471	9,509	1,186	-11	566	-663	1,902
Amounts payable`17/49`	70,884	47,193	64,377	65,353	59,724	22,420	32,190	3,336	1,543	1,438	6,086	35,230	52,968	60,473	25,226	32,117	23,697
Amounts payable after more than one year`17`	0	5,303	13,303	21,858	37,053	13,183	24,429	-	-	-	-	-	-	-	-	-	-
Financial debts`170/4`	0	5,303	13,303	21,858	37,053	13,183	24,429	-	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	70,884	41,890	51,074	43,495	22,671	9,237	7,760	3,336	1,543	1,438	6,086	35,230	52,968	60,473	25,226	32,117	23,697
Current portion of amounts payable after more than one year`42`	3,597	8,000	7,303	13,894	14,130	-	-	-	-	-	-	-	-	-	-	-	-
Financial debts`43`	-	-	-	-	-	5,786	-	-	-	-	-	-	-	-	-	-	-
Credit institutions`430/8`	-	-	-	-	-	5,786	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	24,544	679	2,846	1,282	2,167	510	259	531	680	1,410	1,107	27,092	47,256	54,629	18,244	17,506	21,030
Suppliers`440/4`	24,544	679	2,846	1,282	2,167	510	259	531	680	1,410	1,107	27,092	47,256	54,629	18,244	17,506	21,030
Taxes, remuneration and social security`45`	29,708	7,538	14,452	9,004	6,374	2,846	5,226	2,805	864	28	4,931	1,034	5,712	5,164	5,223	4,229	2,667
Taxes`450/3`	6,073	3,041	323	3,662	3,325	2,317	2,459	43	428	28	1,805	1,034	2,151	37	223	729	667
Remuneration and social security`454/9`	23,635	4,497	14,129	5,342	3,049	529	2,768	2,762	436	-	3,127	-	3,561	5,128	5,000	3,500	2,000
Other amounts payable`47/48`	13,035	25,673	26,473	19,314	-	96	2,276	-	-	-	47	7,104	-	679	1,759	10,382	-
Income statement
Non-recurring operating income`76A`	-	-	-	-	22,720	27,465	-	-	-	-	-	-	-	-	-	-	-
Gross operating margin`9900`	103,241	62,783	29,952	56,189	54,940	32,792	32,319	22,305	3,610	1,825	9,252	26,916	3,925	26,729	6,358	3,289	18,913
Remuneration, social security and pensions`62`	82,554	39,759	19,753	40,007	29,623	4,566	18,729	21,444	2,902	-	-	-	22	13,635	-	1,801	12,075
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	9,149	13,987	4,312	4,447	14,122	6,995	6,829	222	282	402	402	520	632	830	1,379	1,379	2,112
Other operating charges`640/8`	4,806	3,035	415	2,252	5,205	4,414	2,595	296	94	441	1,206	1,686	1,527	2,098	1,585	2,613	1,420
Non-recurring operating charges`66A`	-	-	-	-	7,603	-	-	-	-	-	-	14,378	-	-	-	-	-
Operating profit (loss)`9901`	6,732	6,002	5,472	9,483	-1,614	16,816	4,167	343	332	982	7,644	24,710	1,744	10,166	3,395	-2,505	3,306
Financial income`75/76B`	0	-	-	-	-	0	-	-	-	2	7	-	31	183	2	568	423
Recurring financial income`75`	0	-	-	-	-	0	-	-	-	2	7	-	31	183	2	568	423
Financial charges`65/66B`	2,209	3,534	1,852	346	1,365	1,877	1,577	115	203	215	51	459	515	640	651	629	1,060
Recurring financial charges`65`	2,209	3,534	1,852	346	1,365	1,877	1,577	115	203	215	51	459	515	640	651	629	1,060
Profit (loss) for the period before taxes`9903`	4,523	2,468	3,621	9,136	-2,979	14,940	2,590	227	129	769	7,600	9,874	1,259	9,709	2,746	-2,565	2,669
Income taxes`67/77`	2,544	881	885	778	610	399	1,918	43	28	3,724	1,324	1,113	-	709	1,487	-	667
Profit (loss) for the period`9904`	1,979	1,588	2,736	8,358	-3,588	14,541	672	185	100	-2,955	6,276	8,761	1,259	9,000	1,259	-2,565	2,002
Profit (loss) for the period to be appropriated`9905`	1,979	1,588	2,736	8,358	-3,588	14,541	672	185	100	-2,955	6,276	8,761	1,259	9,000	1,259	-2,565	2,002
Appropriation of the result
Profit (loss) to be appropriated`9906`	1,979	1,588	2,736	8,358	-3,588	14,541	672	185	100	12,516	15,784	9,947	1,249	-11	595	-663	2,002
Transfer from equity`791/2`	-	-	-	-	3,588	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	1,979	1,588	2,736	8,358	-	14,541	672	185	100	12,516	314	438	63	-	30	-	100
To the legal reserve`6920`	-	-	-	-	-	-	630	185	100	-	314	438	63	-	30	-	100
To other reserves`6921`	1,979	1,588	2,736	8,358	-	14,541	41	-	-	12,516	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	2.7	1.2	0.3	1.9	1.7	-	0.8	-	0.1	-	-	-	-	-	-	-	0.8
Hours worked`1013`	4,923	2,050	566	2,762	2,303	-	1,295	-	256	-	-	-	-	-	-	-	981
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	16-07-2026	2026-00298241	PDF
31-12-2024	micro format	18-06-2025	2025-00155280	PDF
31-12-2023	micro format	18-06-2024	2024-00136100	PDF
31-12-2022	micro format	23-06-2023	2023-00154864	PDF
31-12-2021	micro format	24-06-2022	2022-20092723	PDF
31-12-2020	micro format	15-06-2021	2021-20100048	PDF
31-12-2019	micro format	26-06-2020	2020-21100246	PDF
31-12-2018	micro format	25-06-2019	2019-22800563	PDF
31-12-2017	micro format	26-06-2018	2018-22700563	PDF
31-12-2016	micro format	21-06-2017	2017-20100177	PDF
31-12-2015	abbreviated format	09-03-2017	2017-06100016	PDF
31-12-2014	abbreviated format	05-10-2015	2015-63200037	PDF
31-12-2013	abbreviated format	14-03-2015	2015-06200293	PDF
31-12-2012	abbreviated format	30-11-2013	2013-67800243	PDF
31-12-2010	abbreviated format	12-12-2011	2011-64200158	PDF
31-12-2009	abbreviated format	31-10-2010	2010-59700204	PDF
31-12-2008	abbreviated format	02-11-2009	2009-84100125	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2010	2009	2008
EBITDA	15,881	19,989	9,784	13,929	12,508	23,812	10,996	565	614	1,384	8,046	25,230	2,376	10,997	4,774	-1,126	5,418
Cash flow	11,129	15,575	7,048	12,805	10,533	21,537	7,500	406	382	-2,553	6,678	9,281	1,892	9,830	2,638	-1,186	4,114
Investment in fixed assets (approximation)	589	-765	318	447	44,680	10,348	33,034	364	0	0	0	0	1,350	355	0	560	8,897
Change in cash	-202	999	742	-4,705	3,998	887	1,226	-3,571	-8,150	-25,944	-14,841	-2,373	939	-	553	3,278	-
Working capital	33,719	28,482	20,142	21,968	24,804	34,733	34,791	35,531	35,488	35,106	37,659	30,982	21,701	21,159	19,881	17,243	13,816
Solvency	47.4%	56.7%	48.3%	46.8%	45.1%	70.2%	54.3%	91.8%	96.0%	96.3%	86.8%	49.0%	32.2%	28.3%	49.2%	42.0%	46.5%
Current ratio	1.48	1.68	1.39	1.51	2.09	4.76	5.48	11.65	23.99	25.41	7.19	1.88	1.41	1.35	1.79	1.54	1.58
Quick ratio	0.08	0.13	0.10	0.07	0.37	0.42	0.35	0.56	3.30	9.61	6.64	1.56	1.14	0.99	0.80	0.65	0.74
Debt to equity	1.11	0.76	1.07	1.14	1.22	0.43	0.84	0.09	0.04	0.04	0.15	1.04	2.11	2.53	1.03	1.38	1.15
ROE	3.1%	2.6%	4.5%	14.5%	-7.3%	27.6%	1.8%	0.5%	0.3%	-7.9%	15.6%	25.8%	5.0%	37.7%	5.1%	-11.1%	9.7%
ROA	1.5%	1.5%	2.2%	6.8%	-3.3%	19.3%	1.0%	0.5%	0.3%	-7.6%	13.6%	12.7%	1.6%	10.7%	2.5%	-4.6%	4.5%
Interest coverage	7.19	5.66	5.28	40.23	9.16	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	4	2	-	2	2
full-time	3	2	-	1	1
part-time	1	0	-	1	1
in full-time equivalents	3.4	2	-	1.6	1.6
Average over the year, in full-time equivalents	2.7	1.2	0.3	1.9	1.6
On a permanent contract	4	2	-	2	2
Joined	4	4	5	7	5
Left	3	1	7	7	5
Training hours	-	14	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	-	-	€44,680
Financial fixed assets	€589	-	€318	€447	-
Depreciation and write-downs of the year	€9,149	€13,987	€4,312	€4,447	€14,122

GP

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency47.4%

Current ratio1.48

Return on assets1.5%

Staff

Staff cost per FTE€30,575

Joined and left+1

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on GP

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