HANVA (0473.946.552): financials and annual accounts

HANVA

Genk ·KBO/BCE: BE 0473.946.552

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`	1.2m	1.2m	1.1m	1.0m	894,574	786,499	743,876	722,103	745,283	780,347	801,788	868,718	932,954	1.0m	1.1m	1.2m	1.3m	1.3m	1.4m	1.3m
Fixed assets`21/28`	698,241	738,983	742,320	549,238	432,734	448,331	512,832	581,568	649,924	720,555	793,541	864,197	927,479	1.0m	1.1m	1.2m	1.2m	1.3m	1.4m	1.2m
Tangible fixed assets`22/27`	698,241	738,983	742,320	549,238	432,734	448,331	512,832	581,568	649,924	720,555	793,541	864,197	927,479	1.0m	1.1m	1.2m	1.2m	1.3m	1.4m	1.2m
Land and buildings`22`	697,065	737,500	741,815	421,853	430,877	447,861	511,461	580,078	648,579	719,195	791,100	860,616	916,820	987,015	1.1m	1.1m	1.2m	1.3m	1.4m	1.2m
Plant, machinery and equipment`23`	-	-	-	-	-	469	1,371	1,491	1,176	1,023	1,530	2,097	2,053	2,392	1,780	1,379	1,913	592	1,175	426
Furniture and vehicles`24`	1,176	1,483	505	1,306	1,857	-	-	-	169	337	910	1,484	8,606	17,212	25,817	37,423	6,000	9,720	1,441	-
Assets under construction and advance payments`27`	-	-	-	126,080	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current assets`29/58`	496,291	466,551	379,601	491,515	461,840	338,169	231,045	140,535	95,359	59,793	8,248	4,521	5,475	14,760	26,729	18,528	58,741	28,865	35,300	75,592
Amounts receivable after more than one year`29`	-	-	-	-	-	-	-	171	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	-	-	-	-	-	-	-	171	-	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	470	58	-	-	717	1,084	-	-	-	2,750	-	-	-	-	477	-	103	244	195	-
Other amounts receivable`41`	470	58	-	-	717	1,084	-	-	-	2,750	-	-	-	-	477	-	103	244	195	-
Current investments`50/53`	-	300,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	490,097	158,887	375,030	485,384	458,540	334,282	228,054	138,481	93,528	55,148	6,381	2,244	5,299	12,878	24,216	17,814	57,484	28,341	34,004	74,694
Deferred charges and accrued income`490/1`	5,724	7,606	4,571	6,131	2,583	2,802	2,991	1,883	1,831	1,894	1,867	2,277	176	1,882	2,036	714	1,154	280	1,101	898
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.2m	1.2m	1.1m	1.0m	894,574	786,499	743,876	722,103	745,283	780,347	801,788	868,718	932,954	1.0m	1.1m	1.2m	1.3m	1.3m	1.4m	1.3m
Equity`10/15`	1.0m	944,711	927,956	844,898	726,829	623,508	554,103	486,457	440,210	402,898	331,095	280,741	238,500	194,469	145,991	111,805	102,043	91,658	94,241	105,024
Contributions`10/11`	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
Capital`10`	62,000	62,000	62,000	62,000	62,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
Reserves`13`	946,999	882,711	865,956	782,898	664,829	561,508	492,103	424,457	378,210	340,898	269,095	218,741	176,500	132,469	83,991	49,805	43,024	43,024	43,024	43,024
Non-distributable reserves`130/1`	6,200	6,200	6,200	6,200	6,200	6,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	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	4,138	3,650	3,650	3,650	3,650
Distributable reserves`133`	940,799	876,511	859,756	776,698	658,629	555,308	485,903	418,257	372,010	334,698	262,895	212,541	170,300	126,269	77,791	45,667	39,374	39,374	39,374	39,374
Profit (loss) carried forward`14`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,981	-13,365	-10,783	-
Provisions and deferred taxes`16`	67,509	67,509	67,509	67,509	69,100	69,100	69,100	89,100	104,100	77,500	77,500	65,000	65,000	65,000	65,000	65,000	65,000	45,000	20,400	-
Provisions for liabilities and charges`160/5`	67,509	67,509	67,509	67,509	69,100	69,100	69,100	89,100	104,100	77,500	77,500	65,000	65,000	65,000	65,000	65,000	65,000	45,000	20,400	-
Major repairs and maintenance`162`	67,509	67,509	67,509	67,509	69,100	69,100	69,100	89,100	104,100	77,500	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	118,024	193,314	126,456	128,347	98,646	93,891	120,673	146,547	200,972	299,949	393,193	522,977	629,454	761,909	903,996	1.0m	1.1m	1.2m	1.3m	1.2m
Amounts payable after more than one year`17`	62,235	63,985	53,145	50,570	44,025	49,472	68,267	81,705	109,481	128,884	146,326	250,615	394,552	541,637	692,697	802,706	917,969	1.0m	1.1m	1.1m
Financial debts`170/4`	-	-	-	-	-	12,742	31,087	48,549	65,172	80,996	96,059	192,815	348,581	497,873	640,750	747,292	859,381	976,235	1.1m	992,025
Other amounts payable`178/9`	62,235	63,985	53,145	50,570	44,025	36,730	37,180	33,155	44,308	47,888	50,267	57,800	45,970	43,763	51,947	55,413	58,588	52,055	54,928	59,902
Amounts payable within one year`42/48`	49,779	122,844	72,031	75,722	49,470	42,876	48,783	61,286	87,891	167,150	242,432	270,240	233,950	218,801	207,163	210,001	175,898	156,727	137,740	123,032
Current portion of amounts payable after more than one year`42`	-	-	-	-	12,742	18,345	17,463	16,623	15,824	15,063	96,756	155,766	149,292	142,877	136,738	124,531	116,854	111,768	106,904	93,048
Trade debts`44`	2,555	5,287	18,134	11,514	466	3,139	4,277	887	14,449	455	577	1,217	3,728	4,809	5,267	37,488	9,093	3,630	5,646	3,896
Suppliers`440/4`	2,555	5,287	18,134	11,514	466	3,139	4,277	887	14,449	455	577	1,217	3,728	4,809	5,267	37,488	9,093	3,630	5,646	3,896
Taxes, remuneration and social security`45`	42,966	34,604	50,059	57,981	32,320	21,393	24,801	39,212	34,407	31,677	20,857	41,554	22,102	24,546	18,819	2,130	1,030	408	15,225	16,109
Taxes`450/3`	42,966	34,604	50,059	57,981	32,320	21,393	24,801	39,212	21,327	31,677	20,857	41,554	22,102	24,546	18,819	2,130	1,030	408	15,225	16,109
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	13,080	-	-	-	-	-	-	-	-	-	-	-
Other amounts payable`47/48`	4,258	82,953	3,837	6,226	3,942	-	2,243	4,564	23,211	119,955	124,241	71,702	58,829	46,569	46,339	45,852	48,920	40,921	9,965	9,978
Accrued charges and deferred income`492/3`	6,010	6,485	1,280	2,055	5,150	1,543	3,623	3,556	3,601	3,915	4,435	2,122	952	1,472	4,135	2,669	3,742	2,649	3,231	2,543
Income statement
Non-recurring operating income`76A`	-	-	-	-	3,200	1,091	-	-	-	2,750	-	-	-	-	-	1,333	-	-	-	-
Gross operating margin`9900`	278,971	231,159	196,514	220,613	201,832	212,250	187,950	161,332	215,855	231,548	222,173	195,490	202,185	217,304	205,697	184,403	207,658	195,026	210,087	191,338
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	51,512	50,284	36,821	13,430	18,000	66,709	69,520	70,449	71,672	73,434	73,410	82,595	81,514	83,616	87,682	105,289	95,302	94,562	122,434	78,088
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-1,591	-	-	-20,000	-15,000	26,600	-	12,500	-	-	-	-	-	20,000	24,600	20,400	-
Other operating charges`640/8`	39,542	35,779	36,262	31,866	30,702	30,341	30,223	29,779	28,070	25,909	28,560	28,207	27,188	27,225	26,636	25,614	25,534	24,337	23,194	22,802
Non-recurring operating charges`66A`	-	-	50	-	-	11,071	-	-	-	-	-	-	-	-	409	125	-	-	-	-
Operating profit (loss)`9901`	187,917	145,096	123,381	176,908	153,129	104,128	108,208	76,103	89,514	132,205	107,704	84,689	93,483	106,462	91,379	53,501	66,821	51,527	44,059	90,448
Financial income`75/76B`	7,256	4,026	1,079	8	231	199	1,265	677	112	60	63	154	379	350	2,095	1,535	0	438	1,301	1,183
Recurring financial income`75`	7,256	4,026	1,079	8	231	199	1,265	677	112	60	63	154	379	350	2,095	1,535	0	438	1,301	1,183
Financial charges`65/66B`	266	271	261	442	1,273	2,252	3,054	3,874	8,256	10,318	18,155	23,117	28,671	34,712	41,722	45,736	51,437	54,548	52,590	51,593
Recurring financial charges`65`	266	271	261	442	1,273	2,252	3,054	3,874	8,256	10,318	18,155	23,117	28,671	34,712	41,722	45,736	51,437	54,548	52,590	51,593
Profit (loss) for the period before taxes`9903`	194,907	148,852	124,199	176,474	152,087	102,075	106,419	72,907	81,370	121,947	89,612	61,726	65,191	72,100	51,343	10,508	15,385	-2,583	-7,230	40,038
Income taxes`67/77`	62,973	48,538	41,141	58,405	48,766	32,671	38,773	26,661	20,118	30,224	19,338	19,484	21,160	23,622	17,156	746	-	-	3,553	15,384
Profit (loss) for the period`9904`	131,934	100,314	83,058	118,069	103,321	69,405	67,646	46,246	61,253	91,723	70,274	42,242	44,031	48,478	34,186	9,762	15,385	-2,583	-10,783	24,653
Transfer from tax-exempt reserves`789`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,904
Profit (loss) for the period to be appropriated`9905`	131,934	100,314	83,058	118,069	103,321	69,405	67,646	46,246	61,253	91,723	70,274	42,242	44,031	48,478	34,186	9,762	15,385	-2,583	-10,783	39,557
Appropriation of the result
Profit (loss) to be appropriated`9906`	131,934	100,314	83,058	118,069	103,321	69,405	67,646	46,246	61,253	91,723	70,274	42,242	44,031	48,478	34,186	6,781	2,019	-13,365	-10,783	39,557
Transfer from equity`791/2`	67,646	83,559	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	131,934	100,314	83,058	118,069	103,321	69,405	67,646	46,246	37,313	71,803	50,354	42,242	44,031	48,478	34,186	6,781	-	-	-	39,557
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,062	488	-	-	-	1,978
To other reserves`6921`	131,934	100,314	83,058	118,069	103,321	69,405	67,646	46,246	37,313	71,803	50,354	42,242	44,031	48,478	32,124	6,293	-	-	-	37,579
Profit to be distributed`694/7`	67,646	83,559	-	-	-	-	-	-	23,940	19,920	19,920	-	-	-	-	-	5,000	-	-	-
Return on contributions (dividend)`694`	67,646	83,559	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Directors or managers`695`	-	-	-	-	-	-	-	-	23,940	19,920	19,920	-	-	-	-	-	5,000	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	full format	29-07-2026	2026-00347812	PDF
31-12-2024	abbreviated format	27-06-2025	2025-00193460	PDF
31-12-2023	abbreviated format	30-08-2024	2024-00428563	PDF
31-12-2022	abbreviated format	28-07-2023	2023-00291813	PDF
31-12-2021	abbreviated format	29-07-2022	2022-20254218	PDF
31-12-2020	micro format	10-09-2021	2021-66800160	PDF
31-12-2019	micro format	17-08-2020	2020-42100159	PDF
31-12-2018	micro format	05-06-2019	2019-15800182	PDF
31-12-2017	micro format	28-06-2018	2018-23800256	PDF
31-12-2016	micro format	27-07-2017	2017-35900538	PDF
31-12-2015	abbreviated format	05-07-2016	2016-26800418	PDF
31-12-2014	abbreviated format	29-06-2015	2015-22900254	PDF
31-12-2013	abbreviated format	30-07-2014	2014-36100202	PDF
31-12-2012	abbreviated format	24-06-2013	2013-22600412	PDF
31-12-2011	abbreviated format	31-07-2012	2012-35600164	PDF
31-12-2010	abbreviated format	14-07-2011	2011-28900601	PDF
31-12-2009	abbreviated format	19-07-2010	2010-31600459	PDF
31-12-2008	abbreviated format	30-06-2009	2009-32300401	PDF
31-12-2007	abbreviated format	04-06-2008	2008-18000139	PDF
31-12-2006	abbreviated format	31-05-2007	2007-16400150	PDF
31-12-2005	abbreviated format	31-05-2006	2006-17303733	PDF
31-12-2004	abbreviated format	02-06-2005	2005-19601067	PDF
31-12-2003	abbreviated format	07-06-2004	2004-21001432	PDF
31-12-2002	abbreviated format	26-06-2003	2003-31600523	PDF

Year	Entries	Awarded	Paid
2025	1	€141	€95
2024	1	€93	€93
2023	1	€75	€75
2022	1	€62	€62

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	239,429	195,380	160,202	190,338	171,129	170,838	177,727	146,553	161,186	205,639	181,113	167,283	174,997	190,078	179,060	158,790	162,124	146,089	166,493	168,536
Cash flow	183,446	150,597	119,879	131,499	121,321	136,114	137,166	116,696	132,924	165,157	143,683	124,836	125,545	132,094	121,868	115,051	110,687	91,979	111,651	102,742
Investment in fixed assets	10,770	46,946	229,903	129,934	2,404	2,208	783	2,094	1,041	448	2,753	19,313	2,374	1,977	2,288	73,031	5,752	26,779	278,743	1,621
Change in cash	331,210	-216,143	-110,354	26,844	124,258	106,228	89,573	44,953	38,380	48,768	4,136	-3,055	-7,579	-11,338	6,402	-39,670	29,143	-5,663	-40,690	-
Working capital	446,511	343,707	307,570	415,794	412,369	295,292	182,261	79,249	7,468	-107,357	-234,184	-265,718	-228,476	-204,041	-180,434	-191,473	-117,156	-127,862	-102,440	-47,440
Solvency	84.5%	78.4%	82.7%	81.2%	81.2%	79.3%	74.5%	67.4%	59.1%	51.6%	41.3%	32.3%	25.6%	19.0%	13.1%	9.4%	8.1%	6.9%	6.7%	8.2%
Current ratio	9.97	3.80	5.27	6.49	9.34	7.89	4.74	2.29	1.08	0.36	0.03	0.02	0.02	0.07	0.13	0.09	0.33	0.18	0.26	0.61
Debt to equity	0.12	0.20	0.14	0.15	0.14	0.15	0.22	0.30	0.46	0.74	1.19	1.86	2.64	3.92	6.19	9.08	10.76	12.96	13.62	11.21
ROE	13.1%	10.6%	9.0%	14.0%	14.2%	11.1%	12.2%	9.5%	13.9%	22.8%	21.2%	15.0%	18.5%	24.9%	23.4%	8.7%	15.1%	-2.8%	-11.4%	23.5%
ROA	11.0%	8.3%	7.4%	11.3%	11.5%	8.8%	9.1%	6.4%	8.2%	11.8%	8.8%	4.9%	4.7%	4.7%	3.1%	0.8%	1.2%	-0.2%	-0.8%	1.9%
Interest coverage	over 100	over 100	over 100	over 100	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Mortgages, amount registered	-	-	€185,920	€185,920	€1.5m
Mortgage mandates	-	-	€1.3m	€1.3m	-
Carrying value of the mortgaged assets	-	-	€718,815	€525,932	€430,877

HANVA

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 4 entries, €371 awarded, €325 paid

Key figures and ratios

Securities and guarantees

Investments

Insights on HANVA

Next steps

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€10,770	€46,946	€229,903	€129,934	€2,404
Depreciation and write-downs of the year	€51,512	€50,284	€36,821	€13,430	€18,000