GROW IT (0873.136.293): financials and annual accounts

GROW IT

Uccle ·KBO/BCE: BE 0873.136.293

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`	596,227	732,201	830,598	435,354	311,104	263,460	191,193	187,937	197,681	223,197	191,488	159,121	172,002	183,278	168,936	174,050	217,372	223,487	253,478	305,935
Fixed assets`21/28`	263,268	275,599	278,322	286,072	287,038	231,427	7,640	23,780	43,764	70,498	86,551	96,980	116,507	133,234	151,940	169,665	182,510	200,326	217,133	231,716
Intangible fixed assets`21`	22,461	23,360	24,260	25,158	26,057	26,955	-	17,507	35,049	52,591	70,133	87,667	105,200	122,733	140,267	157,800	175,333	192,867	210,400	227,933
Tangible fixed assets`22/27`	240,808	252,189	254,013	260,864	260,931	204,422	7,590	6,223	8,665	17,857	16,368	9,264	11,257	10,451	11,623	11,815	7,127	7,409	6,683	3,733
Land and buildings`22`	174,027	179,194	184,361	189,522	194,683	199,845	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Plant, machinery and equipment`23`	54,823	54,043	58,278	63,699	57,453	4,321	6,352	3,711	-	1,807	4,377	4,574	7,924	8,660	9,414	7,375	4,273	4,688	4,555	2,264
Furniture and vehicles`24`	11,957	18,952	11,374	7,643	8,794	257	1,238	2,512	8,665	16,050	11,991	4,690	3,333	1,791	2,209	4,439	2,854	2,721	2,128	1,468
Financial fixed assets`28`	-	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50
Current assets`29/58`	332,958	456,602	552,276	149,282	24,066	32,032	183,553	164,157	153,917	152,698	104,937	62,141	55,495	50,043	16,997	4,385	34,862	23,161	36,345	74,219
Amounts receivable after more than one year`29`	-	-	34,242	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	-	-	34,242	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	325	2,525	12,442	60,102	1,090	14,891	23,366	8,887	9,237	800	229	1,049	-	9,719	1,023	-	1	9,343	0	17,256
Trade receivables`40`	325	1,625	-	48,611	1,090	-	23,355	8,875	9,237	800	-	1,049	-	9,719	1,023	-	-	-	-	15,764
Other amounts receivable`41`	-	900	12,442	11,491	-	14,891	12	12	-	-	229	-	-	-	-	-	1	9,343	0	1,492
Current investments`50/53`	312,768	379,633	414,987	19,903	-	-	-	-	90,354	90,354	90,354	30,000	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	19,511	68,964	85,600	62,835	19,315	17,141	160,152	155,270	54,327	61,544	14,354	31,092	55,495	40,324	15,974	4,135	34,861	13,818	36,345	56,963
Deferred charges and accrued income`490/1`	355	5,480	5,006	6,442	3,661	-	35	-	-	-	-	-	-	-	-	250	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	596,227	732,201	830,598	435,354	311,104	263,460	191,193	187,937	197,681	223,197	191,488	159,121	172,002	183,278	168,936	174,050	217,372	223,487	253,478	305,935
Equity`10/15`	332,673	343,090	279,129	238,196	227,833	162,855	139,518	139,651	140,260	126,538	106,682	102,789	111,560	93,021	50,532	22,913	53,493	52,308	35,378	27,023
Contributions`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
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
Uncalled capital`101`	-	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Reserves`13`	236,860	247,360	187,360	152,360	142,360	78,236	58,236	58,236	58,236	61,236	43,062	38,736	38,736	38,736	20,736	20,736	20,736	20,736	12,271	12,271
Non-distributable reserves`130/1`	235,000	245,500	187,360	152,360	142,360	59,360	37,500	37,500	37,500	22,500	4,326	-	-	-	-	-	-	-	-	-
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
Reserves not available under the articles`1311`	-	-	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Own shares acquired`1312`	235,000	245,500	185,500	150,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other`1319`	-	-	-	-	140,500	57,500	37,500	37,500	37,500	22,500	4,326	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	-	-	-	-	-	18,876	18,876	18,876	18,876	18,876	18,876	18,876	18,876	36,876	18,876	18,876	18,876	18,876	10,411	10,411
Distributable reserves`133`	1,860	1,860	-	-	-	-	-	-	-	18,000	18,000	18,000	18,000	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	89,613	89,530	85,569	79,636	79,273	78,418	75,082	75,214	75,824	59,101	57,420	57,853	66,624	48,085	23,596	-4,023	26,557	25,371	16,907	8,551
Amounts payable`17/49`	263,554	389,111	551,469	197,158	83,271	100,605	51,675	48,286	57,421	96,659	84,805	56,332	60,442	90,256	118,404	151,137	163,879	171,179	218,100	278,912
Amounts payable after more than one year`17`	1,323	-	-	57,239	60,000	-	370	4,815	12,480	20,723	28,892	22,593	26,667	31,111	35,556	40,370	44,445	147,778	160,000	173,333
Financial debts`170/4`	1,323	-	-	-	-	-	370	4,815	12,480	20,723	28,892	22,593	26,667	31,111	35,556	40,370	44,445	147,778	160,000	173,333
Other amounts payable`178/9`	-	-	-	57,239	60,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	90,752	35,106	23,031	23,992	23,271	100,605	51,304	43,472	44,941	75,936	55,913	33,740	33,775	59,145	82,848	110,767	119,434	23,402	58,100	105,579
Current portion of amounts payable after more than one year`42`	7,714	-	940	12,318	13,228	15,747	7,335	7,666	7,529	8,170	7,403	4,444	4,815	4,444	4,444	4,074	4,815	13,333	14,444	14,444
Financial debts`43`	1,243	871	2,223	-	-	-	-	-	-	-	-	-	-	-	-	-	20,000	-	-	-
Credit institutions`430/8`	1,243	871	2,223	-	-	-	-	-	-	-	-	-	-	-	-	-	20,000	-	-	-
Trade debts`44`	3,927	2,315	5,397	7,461	5,127	9,763	4,246	482	1,523	6,326	521	-	1,535	2,801	2,255	2,461	2,400	673	1,055	2,641
Suppliers`440/4`	3,927	2,315	5,397	7,461	5,127	9,763	4,246	482	1,523	6,326	521	-	1,535	2,801	2,255	2,461	2,400	673	1,055	2,641
Taxes, remuneration and social security`45`	6,441	21,822	14,471	-	2,936	2,583	752	2,973	6,130	10,744	3,552	1,077	17,569	16,527	10,798	5,233	4,632	9,395	7,056	-
Taxes`450/3`	6,441	21,822	14,471	-	2,936	2,583	752	2,973	6,130	10,744	3,552	1,077	17,569	16,527	10,798	5,233	4,632	9,395	7,056	-
Other amounts payable`47/48`	71,428	10,098	-	4,213	1,979	72,512	38,971	32,352	29,759	50,698	44,437	28,219	9,856	35,373	65,351	98,998	87,587	-	35,545	88,493
Accrued charges and deferred income`492/3`	171,479	354,005	528,438	115,928	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	118,095	-	90,616	112,783	170,698	172,211	150,576	60,766	112,186	127,901	127,397	152,958
Gross operating margin`9900`	114,442	99,768	80,981	41,274	115,536	37,469	27,563	40,863	52,400	56,624	39,103	21,122	66,172	80,315	58,602	-895	37,648	50,043	46,294	104,638
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	85,879	-	73,245	91,662	104,525	91,896	91,974	61,662	74,539	77,857	81,103	64,522
Remuneration, social security and pensions`62`	-	-	-	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	24,018	19,693	18,785	17,462	13,163	3,195	21,031	28,329	27,692	28,136	25,895	24,210	23,979	22,259	22,069	24,229	21,630	20,637	20,031	19,277
Other operating charges`640/8`	18,676	3,416	4,862	4,975	3,282	6,204	2,881	3,366	3,243	4,630	2,981	3,029	3,935	3,669	3,974	3,529	2,222	2,250	2,150	2,171
Operating profit (loss)`9901`	71,748	76,659	57,334	18,822	99,091	28,069	3,651	9,168	21,465	23,858	10,227	-6,118	38,258	54,387	32,560	-28,653	13,796	27,157	24,113	83,190
Financial income`75/76B`	6,167	14,590	1,948	-	153	253	138	3,125	268	26	54	133	2,284	480	5	673	1,017	857	1,341	100
Recurring financial income`75`	6,167	14,590	1,948	-	153	253	138	30	268	26	54	133	2,284	480	5	673	1,017	857	1,341	100
Non-recurring financial income`76B`	-	-	-	-	-	-	-	3,095	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	465	770	1,480	3,590	1,240	976	881	1,430	324	2,210	2,828	1,626	8,944	2,185	2,245	2,521	11,390	7,733	8,301	8,423
Recurring financial charges`65`	465	770	1,480	3,590	1,240	976	881	1,430	324	2,210	2,828	1,626	8,944	2,185	2,245	2,521	11,390	7,733	8,301	8,423
Profit (loss) for the period before taxes`9903`	77,450	90,479	57,802	15,233	98,004	27,347	2,908	10,863	21,408	21,673	7,454	-7,611	31,598	52,682	30,320	-30,502	3,423	20,281	17,153	74,868
Income taxes`67/77`	30,367	26,518	16,869	4,870	33,025	4,011	3,040	11,473	7,686	1,900	3,560	1,161	13,059	10,193	2,701	78	2,238	3,351	8,798	14
Profit (loss) for the period`9904`	47,082	63,961	40,933	10,363	64,979	23,336	-132	-610	13,723	19,773	3,894	-8,771	18,539	42,489	27,619	-30,580	1,185	16,930	8,355	64,442
Transfer from tax-exempt reserves`789`	-	-	-	-	18,876	-	-	-	18,000	-	-	-	-	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	-	-	-	-	-	-	-	18,000	-	-	-	8,465	-	-
Profit (loss) for the period to be appropriated`9905`	47,082	63,961	40,933	10,363	83,855	23,336	-132	-610	31,723	19,773	3,894	-8,771	18,539	24,489	27,619	-30,580	1,185	8,465	8,355	64,442
Appropriation of the result
Profit (loss) to be appropriated`9906`	136,613	149,530	120,569	89,636	162,273	98,418	75,082	75,214	90,824	78,101	61,746	57,853	66,624	48,085	23,596	-4,023	26,557	25,371	16,907	10,411
Profit (loss) brought forward from the previous period`14P`	89,530	85,569	79,636	79,273	78,418	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	57,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	47,000	60,000	35,000	10,000	83,000	20,000	-	-	15,000	19,000	4,326	-	-	-	-	-	-	-	-	1,860
Addition to contributions`691`	-	-	-	-	-	-	-	-	-	-	4,326	-	-	-	-	-	-	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,860
To other reserves`6921`	47,000	60,000	35,000	10,000	83,000	20,000	-	-	15,000	19,000	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	57,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	57,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	30-07-2026	2026-00357480	PDF
31-12-2024	micro format	26-08-2025	2025-00407780	PDF
31-12-2023	micro format	14-08-2024	2024-00347664	PDF
31-12-2022	micro format	29-08-2023	2023-00398946	PDF
31-12-2021	micro format	31-08-2022	2022-20413143	PDF
31-12-2020	micro format	16-08-2021	2021-49200187	PDF
31-12-2019	micro format	28-08-2020	2020-48500151	PDF
31-12-2018	micro format	21-08-2019	2019-48600527	PDF
31-12-2017	micro format	20-07-2018	2018-35900099	PDF
31-12-2016	micro format	19-06-2017	2017-18600181	PDF
31-12-2015	full format	31-08-2016	2016-55000243	PDF
31-12-2014	full format	28-08-2015	2015-52300058	PDF
31-12-2013	full format	30-07-2014	2014-37900358	PDF
31-12-2012	full format	25-07-2013	2013-35100579	PDF
31-12-2011	full format	24-07-2012	2012-35000230	PDF
31-12-2010	full format	28-07-2011	2011-35700485	PDF
31-12-2009	full format	27-07-2010	2010-35800089	PDF
31-12-2008	full format	29-06-2009	2009-33100199	PDF
31-12-2007	full format	09-07-2008	2008-39100063	PDF
31-12-2006	full format	21-06-2007	2007-26300141	PDF
31-12-2005	full format	11-08-2006	2006-62804009	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	95,766	96,351	76,119	36,284	112,254	31,265	24,682	37,497	49,157	51,994	36,122	18,092	62,237	76,646	54,629	-4,425	35,426	47,793	44,144	102,467
Cash flow	71,101	83,654	59,718	27,825	78,141	26,532	20,899	27,720	41,415	47,909	29,788	15,439	42,518	64,748	49,688	-6,351	22,815	37,566	28,386	83,719
Investment in fixed assets	11,737	16,970	9,531	16,496	68,774	226,982	5,211	8,345	958	23,486	18,587	4,683	7,252	3,554	6,827	11,383	3,814	3,830	5,448	3,868
Change in cash	-49,453	-16,635	22,765	43,520	2,174	-143,011	4,881	100,944	-7,218	47,190	-16,738	-24,403	15,171	24,351	11,838	-30,725	21,042	-22,527	-20,618	-
Working capital	242,206	421,496	529,245	125,290	795	-68,573	132,249	120,685	108,977	76,762	49,023	28,401	21,720	-9,102	-65,852	-106,381	-84,573	-240	-21,755	-31,360
EBIT margin	-	-	-	-	-	-	-	-	18.2%	-	11.3%	-5.4%	22.4%	31.6%	21.6%	-47.2%	12.3%	21.2%	18.9%	54.4%
Solvency	55.8%	46.9%	33.6%	54.7%	73.2%	61.8%	73.0%	74.3%	71.0%	56.7%	55.7%	64.6%	64.9%	50.8%	29.9%	13.2%	24.6%	23.4%	14.0%	8.8%
Current ratio	3.67	13.01	23.98	6.22	1.03	0.32	3.58	3.78	3.42	2.01	1.88	1.84	1.64	0.85	0.21	0.04	0.29	0.99	0.63	0.70
Debt to equity	0.79	1.13	1.98	0.83	0.37	0.62	0.37	0.35	0.41	0.76	0.79	0.55	0.54	0.97	2.34	6.60	3.06	3.27	6.16	10.32
ROE	14.2%	18.6%	14.7%	4.4%	28.5%	14.3%	-0.1%	-0.4%	9.8%	15.6%	3.6%	-8.5%	16.6%	45.7%	54.7%	-133.5%	2.2%	32.4%	23.6%	238.5%
ROA	7.9%	8.7%	4.9%	2.4%	20.9%	8.9%	-0.1%	-0.3%	6.9%	8.9%	2.0%	-5.5%	10.8%	23.2%	16.3%	-17.6%	0.5%	7.6%	3.3%	21.1%
Interest coverage	over 100	over 100	51.42	10.11	90.53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	29 days	-	1 day	3 days	-	21 days	2 days	-	0 days	27 days	0 days	38 days
Supplier credit	-	-	-	-	-	-	-	-	6 days	-	3 days	-	5 days	11 days	9 days	15 days	12 days	3 days	5 days	15 days

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€11,737	€16,970	€9,531	€16,496	€68,774
Depreciation and write-downs of the year	€24,018	€19,693	€18,785	€17,462	€13,163

GROW IT

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency55.8%

Current ratio3.67

Return on assets7.9%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on GROW IT

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