Ithaka (0429.683.769): financials and annual accounts

Ithaka

Ghent ·KBO/BCE: BE 0429.683.769

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2010	2009
Balance sheet: assets
Total assets`20/58`	1.3m	1.2m	1.2m	1.0m	735,238	844,460	852,882	836,761	828,578	833,466	807,210	827,628	848,320	794,189	953,731	930,796
Fixed assets`21/28`	356,364	346,431	371,842	223,563	271,253	317,452	-	311,870	341,370	-	-	-	-	-	-	-
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	356,364	346,431	371,842	223,563	271,253	317,452	339,437	311,870	341,370	339,208	364,587	400,221	420,463	435,522	479,110	232,909
Land and buildings`22`	353,672	342,939	367,550	213,447	257,738	293,152	310,183	287,739	313,560	308,429	335,678	365,598	380,543	391,210	425,779	181,689
Plant, machinery and equipment`23`	537	1,038	1,540	2,344	4,204	11,080	14,788	16,610	18,616	20,494	19,140	22,097	23,623	24,301	29,335	24,527
Furniture and vehicles`24`	1,108	1,407	1,705	6,725	8,264	12,173	8,419	6,474	8,147	9,238	8,722	11,479	15,250	18,964	22,949	25,646
Assets under construction and advance payments`27`	1,047	1,047	1,047	1,047	1,047	1,047	6,047	1,047	1,047	1,047	1,047	1,047	1,047	1,047	1,047	1,047
Current assets`29/58`	914,182	869,046	875,301	803,591	463,985	527,008	513,445	524,891	487,208	494,259	442,623	427,407	427,857	358,667	474,621	697,887
Amounts receivable within one year`40/41`	-	5,817	7,893	5,486	42,589	297,512	-	292,144	300,856	-	-	-	-	-	-	-
Trade receivables`40`	-	-	-	-	38,736	293,259	354,757	288,291	297,003	259,665	200,609	222,835	215,830	197,489	289,618	299,746
Other amounts receivable`41`	-	5,817	7,893	5,486	3,853	4,253	4,252	3,853	3,853	3,853	3,853	3,853	3,853	3,853	3,853	7,653
Current investments`50/53`	873,583	809,428	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	40,392	53,605	867,408	798,105	421,396	229,496	144,449	232,641	180,419	227,176	238,161	187,909	195,772	144,519	171,633	384,831
Deferred charges and accrued income`490/1`	207	196	-	-	-	-	9,987	106	5,933	3,564	-	12,810	12,402	12,806	9,517	5,657
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.3m	1.2m	1.2m	1.0m	735,238	844,460	852,882	836,761	828,578	833,466	807,210	827,628	848,320	794,189	953,731	930,796
Equity`10/15`	1.3m	1.2m	1.2m	997,673	696,123	707,705	-	689,058	653,327	651,225	651,752	646,330	658,688	634,588	774,064	861,991
Profit (loss) carried forward`14`	1.2m	1.2m	1.2m	997,673	696,123	707,705	719,262	689,058	653,327	651,225	651,752	646,330	658,688	634,588	774,064	861,991
Investment grants`15`	88,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provisions and deferred taxes`16`	9,000	9,000	9,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Provisions for liabilities and charges`160/5`	9,000	9,000	9,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Major repairs and maintenance`162`	9,000	9,000	9,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	-	9,879	18,377	29,481	39,115	136,755	133,620	147,703	175,251	182,241	155,457	181,298	189,632	159,601	179,667	68,805
Amounts payable after more than one year`17`	-	-	5,117	13,614	21,776	29,619	37,152	44,389	51,340	58,019	64,434	70,598	76,517	82,205	92,916	-
Financial debts`170/4`	-	-	5,117	13,614	21,776	29,619	37,152	44,389	51,340	58,019	64,434	70,598	76,517	82,205	92,916	-
Amounts payable within one year`42/48`	-	9,879	13,260	15,078	16,859	107,136	96,468	103,314	123,911	124,222	91,023	110,700	113,115	77,396	86,751	68,805
Current portion of amounts payable after more than one year`42`	-	5,117	8,497	8,163	7,841	7,533	7,237	6,952	6,678	6,415	6,163	5,920	5,687	5,463	5,042	2,451
Trade debts`44`	-	-	-	-	4,703	-	2,308	18,650	25,466	379	-204	26,235	578	-	7,188	15
Suppliers`440/4`	-	-	-	-	4,703	0	2,308	18,650	25,466	379	-204	26,235	578	-	7,188	15
Taxes, remuneration and social security`45`	-	-	-	-	-	83,252	71,190	63,152	78,608	105,618	72,507	63,819	90,156	55,447	59,058	53,027
Taxes`450/3`	-	-	-	-	-	83,252	-	-	-	-	-	-	12,837	0	0	0
Remuneration and social security`454/9`	-	-	-	-	-	-	71,190	63,152	78,608	105,618	72,507	63,819	77,319	55,447	59,058	53,027
Other amounts payable`47/48`	-	4,762	4,763	6,915	4,315	-	15,733	-	-	11,810	12,558	14,726	16,694	16,486	15,463	13,312
Accrued charges and deferred income`492/3`	-	-	-	789	480	-	-	-	-	-	-	-	-	-	-	-
Income statement
Operating income`70/76A`	-	-	-	-	-	-	-	-	730,990	-	-	-	-	-	-	-
Turnover`70`	57,124	34,043	36,481	41,356	52,200	659,717	658,137	-	645,744	625,939	605,851	609,288	627,925	638,220	633,423	715,377
Membership fees, donations, legacies and grants`73`	-	-	-	0	8,040	49,908	48,763	-	77,779	77,446	96,168	118,650	108,596	134,452	116,045	113,286
Non-recurring operating income`76A`	-	-	264,506	319,951	555	442	-	7,658	1,315	-	-	-	-	-	-	-
Gross operating margin`9900`	11,552	-6,776	271,127	340,645	38,432	590,669	592,769	574,955	573,962	569,394	575,675	615,144	642,287	662,593	585,026	682,377
Goods, raw materials, services and sundry goods`60/61`	45,572	40,819	29,860	20,661	22,363	125,970	125,992	-	157,028	141,590	137,551	120,402	117,009	130,146	181,823	162,076
Remuneration, social security and pensions`62`	-	-	-	-	2,525	550,498	514,531	500,786	528,460	508,860	527,036	585,841	572,317	583,131	576,413	546,504
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	28,175	25,411	32,805	33,630	44,209	47,251	43,427	35,229	38,760	41,159	40,881	41,703	40,848	52,500	54,159	46,670
Other operating charges`640/8`	1,247	-	12	-	1,831	1,558	1,821	1,487	2,199	2,152	2,034	191	202	1,843	1,577	1,327
Non-recurring operating charges`66A`	7,917	125	3,916	1,171	-	1,184	-	6,392	990	-	-	-	-	-	-	-
Operating profit (loss)`9901`	-25,787	-32,312	225,394	305,844	-10,133	-9,822	32,990	37,453	4,543	17,223	5,724	-12,592	28,918	25,119	-47,123	87,876
Financial income`75/76B`	4,166	9,627	-	-	-	-	-	-	2	-	-	-	-	-	-	-
Recurring financial income`75`	4,166	9,627	-	-	-	-	-	-	2	1	187	77	181	94	2,990	12,980
Financial charges`65/66B`	144	483	812	2,472	1,450	1,735	-	2,987	2,768	-	-	-	-	-	-	-
Recurring financial charges`65`	144	483	812	2,472	1,450	1,735	2,408	2,987	2,768	2,799	3,041	3,287	3,535	3,908	2,261	416
Profit (loss) for the period before taxes`9903`	-21,765	-23,168	224,582	303,372	-11,583	-11,557	-	34,466	1,777	-	-	-	-	-	-	-
Income taxes`67/77`	1,286	-	2,489	1,822	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period`9904`	-23,051	-23,168	222,093	301,550	-11,583	-11,557	30,204	35,732	655,429	-527	5,422	-12,358	24,100	19,797	-87,927	100,968
Profit (loss) for the period to be appropriated`9905`	-23,051	-23,168	222,093	301,550	-11,583	-11,557	-	35,732	655,429	-	-	-	-	-	-	-
Appropriation of the result
Profit (loss) to be appropriated`9906`	-23,051	1.2m	1.2m	997,673	696,123	707,705	-	689,058	655,429	-	-	-	-	-	-	-
Profit (loss) brought forward from the previous period`14P`	-	1.2m	997,673	696,123	707,706	-	-	-	-	-	-	-	-	-	-	-
Withdrawal from contributions`791`	1.2m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	8	-	8	8	-	-	-	-	-	-	-
Hours worked`1013`	-	-	-	-	-	-	-	12,246	12,573	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	18-06-2026	2026-00172467	PDF
31-12-2024	micro format	19-06-2025	2025-00152224	PDF
31-12-2023	micro format	15-06-2024	2024-00131553	PDF
31-12-2022	micro format	11-06-2023	2023-00117945	PDF
31-12-2021	micro format	20-07-2022	2022-20204349	PDF
31-12-2020	abbreviated format	19-06-2021	2021-22100522	PDF
31-12-2019	abbreviated format	08-10-2020	2020-60500384	PDF
31-12-2018	abbreviated format	12-06-2019	2019-17300304	PDF
31-12-2017	abbreviated format	11-06-2018	2018-16900400	PDF
31-12-2016	abbreviated format	23-06-2017	2017-22000320	PDF
31-12-2015	abbreviated format	28-06-2016	2016-23600578	PDF
31-12-2014	abbreviated format	08-06-2015	2015-15100200	PDF
31-12-2013	abbreviated format	27-06-2014	2014-23300416	PDF
31-12-2012	abbreviated format	30-05-2013	2013-13800449	PDF
31-12-2011	abbreviated format	28-06-2012	2012-24800418	PDF
31-12-2010	abbreviated format	30-06-2011	2011-23900285	PDF
31-12-2009	abbreviated format	06-07-2010	2010-27600196	PDF
31-12-2008	abbreviated format	23-06-2009	2009-28400357	PDF
31-12-2007	abbreviated format	25-06-2008	2008-27500139	PDF
31-12-2006	abbreviated format	27-06-2007	2007-27700367	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2010	2009
EBITDA	2,388	-6,901	258,199	339,474	34,076	37,429	76,417	72,682	43,303	58,382	46,605	29,111	69,766	77,619	7,036	134,546
Cash flow	5,124	2,243	254,898	335,180	32,626	35,694	73,631	70,961	694,189	40,632	46,303	29,345	64,948	72,297	-33,768	147,638
Investment in fixed assets (approximation)	38,108	0	185,000	5,247	6,110	25,267	70,994	5,729	41,399	15,778	4,628	21,462	24,072	46,147	300,360	22,495
Change in cash	-13,213	-813,803	69,303	376,709	191,900	85,047	-88,192	52,222	-46,757	-10,985	50,252	-7,863	51,253	-	-213,198	-
Working capital	-	859,167	862,041	788,513	447,126	419,872	416,977	421,577	363,297	370,037	351,600	316,707	314,742	281,271	387,870	629,082
EBIT margin	-45.1%	-94.9%	-	-	-19.4%	-1.5%	5.0%	-	0.7%	2.8%	0.9%	-2.1%	4.6%	3.9%	-7.4%	12.3%
Solvency	99.3%	98.4%	97.8%	97.1%	94.7%	83.8%	-	82.3%	78.8%	78.1%	80.7%	78.1%	77.6%	79.9%	81.2%	92.6%
Current ratio	-	87.97	66.01	53.30	27.52	4.92	5.32	5.08	3.93	3.98	4.86	3.86	3.78	4.63	5.47	10.14
Debt to equity	-	0.01	0.02	0.03	0.06	0.19	-	0.21	0.27	0.28	0.24	0.28	0.29	0.25	0.23	0.08
ROE	-1.8%	-1.9%	18.2%	30.2%	-1.7%	-1.6%	-	5.2%	100.3%	-0.1%	0.8%	-1.9%	3.7%	3.1%	-11.4%	11.7%
ROA	-1.8%	-1.9%	17.8%	29.4%	-1.6%	-1.4%	3.5%	4.3%	79.1%	-0.1%	0.7%	-1.5%	2.8%	2.5%	-9.2%	10.8%
Interest coverage	16.58	-14.29	over 100	over 100	23.50	-	31.73	-	-	20.86	15.33	8.86	19.74	19.86	3.11	over 100
Customer credit	-	62 days	79 days	48 days	271 days	162 days	197 days	-	168 days	151 days	121 days	133 days	125 days	113 days	167 days	153 days
Supplier credit	-	-	-	-	77 days	-	7 days	-	59 days	1 day	-1 days	80 days	2 days	-	14 days	0 days

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€38,108	-	€185,000	€5,247	€6,110
Depreciation and write-downs of the year	€28,175	€25,411	€32,805	€33,630	€44,209

Ithaka

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin euro

Staff

Staff cost per FTE

Filed annual accounts

Filings

Key figures and ratios

Investments

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