HOLOGIC
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 16-02-2026 PDF all 33 filings
Turnover
€169.1m▼ 3.6%
2024 · €175.5m
EBIT margin
3.2%▲ 0.4pp
2024 · 2.8%
Net result
€4.0m
2024 · -€108.2m
Working capital
€42.7m▲ 8.5%
2024 · €39.3m
In the rankings
#6 employer in Zaventem, Wholesale and retail trade sector
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
€169.1m
▼ 3.6%
2025
20192025
Operating result
€5.4m
▲ 9.9%
2025
20192025
Net result
€4.0m
2025
highest quarter of the sector
20192025
EBIT margin
3.2%
▲ 0.4pp
2025
20192025
Equity
€49.0m
▲ 38.0%
2025
highest quarter of the sector
20192025
Total assets
€92.8m
▲ 16.7%
2025
highest quarter of the sector
20192025
Debt
€41.2m
▲ 1.6%
2025
20192025
Working capital
€42.7m
▲ 8.5%
2025
highest quarter of the sector
20192025
Solvency
52.8%
▲ 8.2pp
2025
middle half of the sector
20192025
Current ratio
2.26
=
2025
middle half of the sector
20192025
Return on assets (ROA)
4.3%
▲ 140.4pp
2025
middle half of the sector
20192025
Staff (FTE)
190.7
▲ 6.4%
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€119.8m-€113.9m▼ 4.9%€159.6m▲ 40.1%€138.2m▼ 13.4%€156.1m▲ 13.0%€175.5m▲ 12.4%€169.1m▼ 3.6%
Operating result€4.0m-€3.1m▼ 23.5%€7.5m▲ 143%€3.2m▼ 57.0%€5.0m▲ 55.3%€4.9m▼ 0.9%€5.4m▲ 9.9%
Net result€3.5m-€1.1mabove the sector's middle half▼ 68.3%€3.9mabove the sector's middle half▲ 250%-€33.4mbelow the sector's middle half-€1.0mbelow the sector's middle half▲ 97.0%-€108.2mbelow the sector's middle half▼ 10,727%€4.0mabove the sector's middle half
EBIT margin3.4%-2.7%▼ 0.7pp4.7%▲ 2.0pp2.3%▼ 2.4pp3.2%▲ 0.9pp2.8%▼ 0.4pp3.2%▲ 0.4pp
Equity€23.3m-€24.4mabove the sector's middle half▲ 4.8%€28.3mabove the sector's middle half▲ 16.0%-€5.1mbelow the sector's middle half€143.8mabove the sector's middle half€35.5mabove the sector's middle half▼ 75.3%€49.0mabove the sector's middle half▲ 38.0%
Total assets€60.1m-€57.7mabove the sector's middle half▼ 4.0%€192.1mabove the sector's middle half▲ 233%€191.7mabove the sector's middle half▼ 0.3%€193.0mabove the sector's middle half▲ 0.7%€79.5mabove the sector's middle half▼ 58.8%€92.8mabove the sector's middle half▲ 16.7%
Debt€36.8m-€33.3m▼ 9.5%€163.2m▲ 390%€195.8m▲ 20.0%€48.2m▼ 75.4%€40.6m▼ 15.8%€41.2m▲ 1.6%
Working capital€29.7m-€32.7mabove the sector's middle half▲ 10.1%€39.6mabove the sector's middle half▲ 21.0%€45.2mabove the sector's middle half▲ 14.1%€44.6mabove the sector's middle half▼ 1.2%€39.3mabove the sector's middle half▼ 11.9%€42.7mabove the sector's middle half▲ 8.5%
Solvency38.7%-42.2%within the sector's middle half▲ 3.5pp14.7%below the sector's middle half▼ 27.5pp-2.7%below the sector's middle half▼ 17.4pp74.5%above the sector's middle half▲ 77.2pp44.7%within the sector's middle half▼ 29.8pp52.8%within the sector's middle half▲ 8.2pp
Current ratio2.27-2.77within the sector's middle half▲ 0.493.33above the sector's middle half▲ 0.574.37above the sector's middle half▲ 1.042.23within the sector's middle half▼ 2.142.25within the sector's middle half▲ 0.022.26within the sector's middle half=
Return on assets (ROA)5.9%-1.9%within the sector's middle half▼ 3.9pp2.0%within the sector's middle half▲ 0.1pp-17.4%below the sector's middle half▼ 19.5pp-0.5%below the sector's middle half▲ 16.9pp-136.1%below the sector's middle half▼ 135.6pp4.3%within the sector's middle half▲ 140.4pp
Staff (FTE)103.7-127.8above the sector's middle half▲ 23.2%137.2above the sector's middle half▲ 7.4%156.3above the sector's middle half▲ 13.9%167.9above the sector's middle half▲ 7.4%179.3above the sector's middle half▲ 6.8%190.7above the sector's middle half▲ 6.4%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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 operating result for 2025 is 10% higher than in 2024. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92.8m
Fixed assets
€16.3m ▲ 83.7%
Current assets
€76.6m ▲ 8.3%
Equity and liabilities €92.8m
Equity
€49.0m ▲ 38.0%
Provisions
€2.6m ▼ 25.2%
Debt
€41.2m ▲ 1.6%
Debt's share of the balance-sheet total falls from 51.0% to 44.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8.1m▲
2024 · €6.9m
Cash flow
€6.7m▲
2024 · -€106.3m
Quick ratio
2.23▲
2024 · 2.21
Debt to equity
0.84▼
2024 · 1.14
ROE
8.2%▲
2024 · -304.7%
Interest coverage
10.08▲
2024 · 5.75
Debt ≤ 1 year
€33.9m▲
2024 · €31.4m
Income taxes
€284,727▼
2024 · €4.7m
Customer credit
124 days▼
2024 · 126 days
Supplier credit
51 days▼
2024 · 55 days
Staff costs
€26.4m▲
2024 · €26.1m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 150 | 158 | 185 | 187 | 194 |
| full-time | 141 | 150 | 178 | 177 | 177 |
| part-time | 9 | 8 | 7 | 10 | 17 |
| in full-time equivalents | 148.3 | 156.3 | 183.6 | 184.4 | 190.2 |
| Average over the year, in full-time equivalents | 137.2 | 152.6 | 167.9 | 179.3 | 190.7 |
| On a permanent contract | 143 | 152 | 179 | 177 | 189 |
| Joined | 37 | 40 | 60 | 38 | 28 |
| Left | 15 | 32 | 33 | 36 | 21 |
| Agency workers, average number | 0.5 | 4.3 | 1.9 | 7 | 9 |
| Training hours | - | - | - | 633 | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Overdue debts
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Overdue tax debts | - | - | - | - | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2.9m | €2.0m | €1.6m | €4.6m | €11.1m |
| Intangible fixed assets | - | - | - | €9,676 | - |
| Financial fixed assets | €126.4m | - | - | - | - |
| Depreciation and write-downs of the year | €1.8m | €1.8m | €1.6m | €2.0m | €2.6m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Fee for the audit | €21,630 | €61,245 | €60,079 | €60,079 | €65,332 |
| Other work by the auditor | - | - | - | €2,000 | €2,000 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €21,087 awarded · €21,087 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €767 | €767 |
| 2024 | 1 | €3,834 | €3,834 |
| 2023 | 1 | €13,095 | €13,095 |
| 2022 | 1 | €3,391 | €3,391 |
Schemes
Public contracts
2 awards · 2024
Aankoop verbruiksgoederen en ter beschikking stellen van bijhorende PCR opstelling voor snelle diagnostiek van SARS-COV-2, RSV en INFLUENZA VIRUS A en B
UCL SA 2023.35 : ACCORD-CADRE AYANT POUR OBJET LA LIVRAISON DE RÉACTIFS PERMETTANT DE TESTER LES CHARGES VIRALES DU VIRUS DE L’IMMUNODÉFICIENCE HUMAINE DE TYPE 1 (VIH-1) C’EST-À-DIRE LA DÉTECTION DE SON ARN DE FAÇON QUANTITATIVE ET LA MISE À DISPOSITION DE L’ÉQUIPEMENT NÉCESSAIRE (AINSI QUE LA MAINTENANCE PRÉVENTIVE): UCL SA 2023.35 - 1
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €159.9m | €138.2m | €166.3m | €185.7m | €180.2m | ▼ 3.0% |
| Turnover70 | €119.8m | €113.9m | €159.6m | €138.2m | €156.1m | €175.5m | €169.1m | ▼ 3.6% |
| Other operating income74 | - | - | €0.2m | €0.005m | €10.2m | €10.2m | €11.1m | ▲ 9.0% |
| Operating charges60/66A | - | - | €152.4m | €135.0m | €161.3m | €180.7m | €174.8m | ▼ 3.3% |
| Goods for resale, raw materials and consumables60 | - | - | €122.6m | €99.4m | €121.5m | €132.6m | €131.3m | ▼ 1.0% |
| Purchases600/8 | - | - | €122.8m | €98.8m | €122.2m | €132.6m | €130.9m | ▼ 1.3% |
| Change in stocks: decrease (increase)609 | - | - | -€0.2m | €0.6m | -€0.7m | -€0.001m | €0.4m | - |
| Services and other goods61 | - | - | €8.9m | €11.9m | €14.6m | €16.7m | €15.2m | ▼ 8.9% |
| Remuneration, social security and pensions62 | - | - | €18.1m | €21.9m | €23.3m | €26.1m | €26.4m | ▲ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.5m | €1.8m | €1.8m | €1.8m | €1.6m | €2.0m | €2.6m | ▲ 33.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0.2m | -€0.7m | -€0.06m | €0.3m | €0.007m | ▼ 97.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €0.6m | €0.3m | €0 | €2.4m | -€0.9m | - |
| Other operating charges640/8 | - | - | €0.07m | €0.3m | €0.4m | €0.6m | €0.05m | ▼ 92.1% |
| Non-recurring operating charges66A | - | - | €0.07m | €0.07m | €0 | - | - | - |
| Operating profit (loss)9901 | €4.0m | €3.1m | €7.5m | €3.2m | €5.0m | €4.9m | €5.4m | ▲ 9.9% |
| Financial income75/76B | - | - | €1.0m | €2.3m | €19.9m | €0.7m | €1.9m | ▲ 166% |
| Recurring financial income75 | €1.9m | €0.5m | €1.0m | €2.3m | €19.9m | €0.7m | €1.9m | ▲ 166% |
| Income from current assets751 | - | - | €0.03m | €0.05m | €0.04m | €0.08m | €0.4m | ▲ 418% |
| Other financial income752/9 | - | - | €1.0m | €2.2m | €19.8m | €0.6m | €1.5m | ▲ 134% |
| Financial charges65/66B | - | - | €2.6m | €38.9m | €24.2m | €109.2m | €3.0m | ▼ 97.2% |
| Recurring financial charges65 | €0.5m | €1.3m | €2.6m | €38.9m | €3.2m | €3.8m | €3.0m | ▼ 19.9% |
| Debt charges650 | €0.4m | €0.2m | €1.0m | €6.0m | €1.6m | €1.2m | €0.8m | ▼ 33.4% |
| Other financial charges652/9 | - | - | €1.6m | €32.9m | €1.6m | €2.6m | €2.2m | ▼ 13.6% |
| Non-recurring financial charges66B | - | - | - | - | €21.0m | €105.4m | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €5.4m | €2.3m | €5.9m | -€33.4m | €0.7m | -€103.6m | €4.3m | - |
| Income taxes67/77 | €1.8m | €1.2m | €2.0m | €0.03m | €1.7m | €4.7m | €0.3m | ▼ 93.9% |
| Taxes670/3 | - | - | €2.0m | €0.03m | €1.7m | €4.7m | €0.3m | ▼ 93.9% |
| Tax adjustments and reversals of tax provisions77 | - | - | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | €3.5m | €1.1m | €3.9m | -€33.4m | -€1.0m | -€108.2m | €4.0m | - |
| Profit (loss) for the period to be appropriated9905 | €3.5m | €1.1m | €3.9m | -€33.4m | -€1.0m | -€108.2m | €4.0m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €60.1m | €57.7m | €192.1m | €191.7m | €193.0m | €79.5m | €92.8m | ▲ 16.7% |
| Fixed assets21/28 | €7.0m | €6.5m | €135.6m | €133.1m | €112.1m | €8.8m | €16.3m | ▲ 83.7% |
| Intangible fixed assets21 | - | - | - | - | - | €0.01m | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €7.0m | €6.4m | €7.1m | €6.7m | €6.6m | €8.8m | €16.2m | ▲ 84.7% |
| Plant, machinery and equipment23 | - | - | €1.2m | €0.7m | €0.4m | €0.5m | €0.5m | ▲ 14.4% |
| Furniture and vehicles24 | - | - | €0.2m | €0.2m | €0.2m | €0.5m | €0.4m | ▼ 23.7% |
| Other tangible fixed assets26 | - | - | €5.5m | €5.7m | €5.9m | €7.7m | €15.2m | ▲ 98.6% |
| Assets under construction and advance payments27 | - | - | €0.2m | €0 | €0.1m | €0.1m | €0.04m | ▼ 62.6% |
| Financial fixed assets28 | €0.03m | €0.03m | €128.5m | €126.4m | €105.5m | €0.07m | €0.05m | ▼ 20.6% |
| Affiliated companies280/1 | - | - | €128.5m | €126.4m | €105.4m | €0 | - | - |
| Participating interests280 | - | - | €126.4m | €126.4m | €105.4m | €0 | - | - |
| Amounts receivable281 | - | - | €2.1m | €0 | - | - | - | - |
| Other financial fixed assets284/8 | - | - | €0.03m | €0.03m | €0.05m | €0.07m | €0.05m | ▼ 20.6% |
| Amounts receivable and cash guarantees285/8 | - | - | €0.03m | €0.03m | €0.05m | €0.07m | €0.05m | ▼ 20.6% |
| Current assets29/58 | €53.1m | €51.2m | €56.6m | €58.6m | €80.9m | €70.7m | €76.6m | ▲ 8.3% |
| Stocks and contracts in progress3 | €0.6m | €1.1m | €1.3m | €0.7m | €1.4m | €1.3m | €1.0m | ▼ 27.5% |
| Stocks30/36 | - | - | €1.3m | €0.7m | €1.4m | €1.3m | €1.0m | ▼ 27.5% |
| Goods purchased for resale34 | - | - | €1.3m | €0.7m | €1.4m | €1.3m | €1.0m | ▼ 27.5% |
| Amounts receivable within one year40/41 | €45.7m | €46.2m | €45.6m | €53.5m | €70.4m | €63.9m | €64.3m | ▲ 0.7% |
| Trade receivables40 | - | - | €38.3m | €28.3m | €65.3m | €60.8m | €57.3m | ▼ 5.8% |
| Other amounts receivable41 | - | - | €7.3m | €25.2m | €5.2m | €3.1m | €7.1m | ▲ 128% |
| Cash at bank and in hand54/58 | €5.7m | €3.8m | €9.2m | €3.6m | €8.3m | €4.8m | €10.4m | ▲ 116% |
| Deferred charges and accrued income490/1 | - | - | €0.5m | €0.8m | €0.8m | €0.7m | €0.9m | ▲ 33.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €60.1m | €57.7m | €192.1m | €191.7m | €193.0m | €79.5m | €92.8m | ▲ 16.7% |
| Equity10/15 | €23.3m | €24.4m | €28.3m | -€5.1m | €143.8m | €35.5m | €49.0m | ▲ 38.0% |
| Contributions10/11 | €2.7m | - | €2.7m | €2.7m | €152.6m | €152.6m | €162.1m | ▲ 6.2% |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Non-distributable reserves130/1 | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves not available under the articles1311 | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | €20.3m | €21.4m | €25.3m | -€8.1m | -€9.1m | -€117.3m | -€113.3m | ▲ 3.4% |
| Provisions and deferred taxes16 | - | - | €0.6m | €1.0m | €1.0m | €3.4m | €2.6m | ▼ 25.2% |
| Provisions for liabilities and charges160/5 | - | - | €0.6m | €1.0m | €1.0m | €3.4m | €2.6m | ▼ 25.2% |
| Other liabilities and charges164/5 | - | - | €0.6m | €1.0m | €1.0m | €3.4m | €2.6m | ▼ 25.2% |
| Amounts payable17/49 | €36.8m | €33.3m | €163.2m | €195.8m | €48.2m | €40.6m | €41.2m | ▲ 1.6% |
| Amounts payable after more than one year17 | - | - | €132.7m | €166.3m | €0 | - | - | - |
| Other amounts payable178/9 | - | - | €132.7m | €166.3m | €0 | - | - | - |
| Amounts payable within one year42/48 | €23.3m | €18.5m | €17.0m | €13.4m | €36.2m | €31.4m | €33.9m | ▲ 8.1% |
| Trade debts44 | €13.9m | €8.8m | €8.9m | €6.0m | €19.7m | €19.9m | €18.2m | ▼ 8.4% |
| Suppliers440/4 | - | - | €8.9m | €6.0m | €19.7m | €19.9m | €18.2m | ▼ 8.4% |
| Taxes, remuneration and social security45 | - | - | €6.1m | €7.4m | €4.5m | €8.9m | €4.2m | ▼ 53.2% |
| Taxes450/3 | - | - | €0.7m | €1.8m | €0.2m | €4.4m | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | €5.4m | €5.5m | €4.3m | €4.5m | €4.2m | ▼ 7.0% |
| Other amounts payable47/48 | - | - | €2.0m | €0.04m | €12.0m | €2.5m | €11.5m | ▲ 353% |
| Accrued charges and deferred income492/3 | - | - | €13.6m | €16.1m | €12.0m | €9.2m | €7.3m | ▼ 20.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.5m | €1.1m | €3.9m | -€33.4m | -€1.0m | -€108.2m | €4.0m | - |
| + Depreciation and write-downs630 | €1.5m | €1.8m | €1.8m | €1.8m | €1.6m | €2.0m | €2.6m | ▲ 33.5% |
| Operating cash flow (approximation) | €5.0m | €2.9m | €5.7m | -€31.6m | €0.6m | -€106.3m | €6.7m | - |
| Investment in fixed assets (approximation) | - | -€1.2m | -€130.9m | €0.7m | €19.4m | €101.2m | -€10.1m | - |
| Change in cash | - | -€1.9m | €5.4m | -€5.6m | €4.7m | -€3.5m | €5.6m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,887 companies had the same profile as HOLOGIC has now. Two years later, 97.9% were still going and 0.1% had gone bankrupt.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
97.9%
was still going
2.0%
stopped otherwise
0.1%
went bankrupt
That fits the bankruptcy probability of HOLOGIC itself: < 0.1% 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 1,887 companies, not a prediction for HOLOGIC. 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.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | full format | 16-02-2026 | 2026-00039762 | |
| 30-09-2024 | full format | 30-04-2025 | 2025-00087659 | |
| 30-09-2023 | full format | 30-05-2024 | 2024-00106431 | |
| 30-09-2022 | full format | 27-06-2023 | 2023-00162582 | |
| 30-09-2021 | full format | 29-08-2022 | 2022-20334589 | |
| 30-09-2020 | full format | 28-06-2021 | 2021-26400241 | |
| 30-09-2019 | full format | 10-07-2020 | 2020-28600157 | |
| 30-09-2018 | full format | 10-10-2019 | 2019-69900280 | |
| 30-09-2017 | full format | 08-05-2019 | 2019-12600378 | |
| 30-09-2016 | full format | 22-03-2017 | 2017-06900001 |