ITHENA (0887.601.963): financials and annual accounts

ITHENA

Scherpenheuvel-Zichem ·KBO/BCE: BE 0887.601.963

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	111,204	102,684	78,509	91,419	79,303	76,240	50,235	101,520	66,939	42,018	47,802	95,907	90,584	70,086	76,237	43,593	91,661	64,543	31,419
Formation expenses`20`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	170	340	510	680
Fixed assets`21/28`	2,134	5,687	7,200	10,112	4,619	5,590	4,389	8,185	6,341	3,937	7,985	4,683	2,919	4,332	-	2,777	7,953	8,495	7,050
Tangible fixed assets`22/27`	2,134	5,687	7,200	10,112	4,619	5,590	4,389	8,185	6,341	3,937	7,985	4,683	2,919	4,332	-	2,607	7,613	7,985	6,370
Plant, machinery and equipment`23`	2,134	5,687	7,200	10,112	4,619	5,590	4,389	8,185	6,341	3,937	7,985	4,683	2,919	4,332	-	2,607	7,613	7,985	6,370
Current assets`29/58`	109,070	96,997	71,309	81,308	74,684	70,650	45,846	93,335	60,598	38,081	39,817	91,225	87,665	65,754	76,237	40,817	83,707	56,047	24,369
Amounts receivable within one year`40/41`	11,798	12,040	25,841	35,283	28,295	14,849	31,148	22,894	27,375	31,845	24,847	24,577	17,277	6,903	1,449	1,089	-	13,003	11,056
Trade receivables`40`	11,798	12,040	25,841	28,170	22,740	13,444	22,214	14,315	13,594	25,929	24,847	23,097	14,852	6,903	1,444	1,089	-	12,838	11,056
Other amounts receivable`41`	-	-	-	7,112	5,555	1,405	8,934	8,578	13,781	5,915	-	1,480	2,425	-	5	-	-	166	-
Cash at bank and in hand`54/58`	85,584	75,467	45,108	46,025	46,389	55,801	14,698	70,441	33,223	6,236	14,971	66,648	70,388	50,164	66,100	39,728	83,707	43,044	13,313
Deferred charges and accrued income`490/1`	11,689	9,491	360	-	-	-	-	-	-	-	-	-	-	8,687	8,687	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	111,204	102,684	78,509	91,419	79,303	76,240	50,235	101,520	66,939	42,018	47,802	95,907	90,584	70,086	76,237	43,593	91,661	64,543	31,419
Equity`10/15`	84,846	81,660	65,350	66,173	60,809	51,056	24,829	14,260	51,664	33,217	19,312	19,312	78,586	57,137	63,209	40,600	29,840	62,578	26,246
Contributions`10/11`	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	12,400	12,400	12,400	12,400	12,400
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
Uncalled capital`101`	-	-	-	-	-	-	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
Contributions outside capital`11`	-	-	-	-	-	12,400	-	-	-	-	-	-	-	-	-	-	-	-	-
Other`1109/19`	-	-	-	-	-	12,400	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserves`13`	72,446	69,260	52,950	53,773	48,409	38,656	12,429	1,860	39,264	20,817	6,912	6,912	66,186	44,737	50,809	28,200	1,860	1,860	1,860
Non-distributable reserves`130/1`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-
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
Reserves not available under the articles`1311`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	72,446	69,260	52,950	51,913	46,549	36,796	10,569	-	37,404	18,957	5,052	5,052	64,326	42,877	48,949	26,340	-	-	-
Profit (loss) carried forward`14`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,580	48,318	11,986
Amounts payable`17/49`	26,358	21,024	13,159	25,246	18,494	25,184	25,406	87,260	15,275	8,801	28,490	76,595	11,998	12,949	13,027	2,993	61,821	1,965	5,173
Amounts payable within one year`42/48`	25,982	20,248	13,159	25,246	18,494	25,184	24,565	87,260	15,275	8,801	28,490	76,595	11,998	12,949	13,027	2,993	61,821	1,965	5,173
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	-	-	4,012	-	-	-	-	-	-	-	-
Financial debts`43`	-	-	-	-	-	-	-	-	-	4,013	-	-	-	-	-	-	-	-	-
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	4,013	-	-	-	-	-	-	-	-	-
Trade debts`44`	3,576	3,876	1,919	2,487	1,103	947	968	3,852	9,813	497	2,474	1,748	2,125	9,324	10,687	1,192	949	-	2,394
Suppliers`440/4`	3,576	3,876	1,919	2,487	1,103	947	968	3,852	9,813	497	2,474	1,748	2,125	9,324	10,687	1,192	949	-	2,394
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,509	-	-
Taxes, remuneration and social security`45`	11,680	7,934	5,234	2,068	238	5,726	6,423	4,477	2,036	2,081	4,538	2,023	9,873	3,233	2,125	1,611	2,959	-	1,290
Taxes`450/3`	11,680	7,934	5,234	2,068	238	3,526	4,223	2,428	-	47	2,514	-	9,873	3,233	131	1,611	952	-	1,290
Remuneration and social security`454/9`	-	-	-	-	-	2,200	2,200	2,049	2,036	2,034	2,024	2,023	-	-	1,995	-	2,006	-	-
Other amounts payable`47/48`	10,726	8,437	6,006	20,691	17,153	18,511	17,173	78,931	3,426	2,210	17,467	72,825	-	392	214	190	55,404	1,965	1,489
Accrued charges and deferred income`492/3`	376	776	-	-	-	-	842	-	-	-	-	-	-	-	-	-	-	-	-
Income statement
Turnover`70`	-	136,375	110,206	-	-	-	-	-	-	-	-	-	-	-	-	-	-	116,453	-
Non-recurring operating income`76A`	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross operating margin`9900`	24,726	32,976	7,239	15,585	17,486	41,064	20,923	52,713	32,960	26,523	37,281	37,323	40,757	43,255	38,455	28,295	43,278	56,365	23,524
Goods, raw materials, services and sundry goods`60/61`	-	106,625	106,328	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60,088	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	3,553	5,269	4,464	4,618	2,868	3,792	4,951	4,806	5,052	4,768	4,809	4,267	2,257	1,975	2,777	5,177	8,362	5,755	3,356
Other operating charges`640/8`	400	387	469	659	421	420	420	418	416	477	475	501	877	496	611	722	860	469	444
Operating profit (loss)`9901`	20,774	27,319	2,305	10,308	14,198	36,852	15,552	47,490	27,492	21,279	31,997	32,555	37,624	40,783	35,067	22,396	34,057	50,141	19,724
Financial income`75/76B`	370	240	110	-	0	-	0	2	4	10	579	580	353	806	477	683	767	652	143
Recurring financial income`75`	370	240	110	-	0	-	0	2	4	10	579	580	353	806	477	683	767	652	143
Financial charges`65/66B`	1,532	4,123	2,834	2,056	-	30	170	545	878	1,266	820	936	1,254	879	941	372	448	-	-
Recurring financial charges`65`	1,532	4,123	2,834	2,056	-	30	170	545	878	1,266	820	936	1,254	879	941	372	448	-	-
Profit (loss) for the period before taxes`9903`	19,612	23,436	-418	8,252	14,198	36,822	15,382	46,947	26,618	20,023	31,756	32,199	36,724	40,711	34,604	22,707	34,375	50,793	19,867
Income taxes`67/77`	5,857	7,125	406	2,888	4,445	10,595	4,814	10,253	8,170	6,119	11,043	11,474	15,275	6,783	11,995	11,947	12,113	14,461	6,021
Profit (loss) for the period`9904`	13,755	16,311	-824	5,364	9,753	26,227	10,569	36,694	18,448	13,904	20,713	20,726	21,449	33,928	22,609	10,760	22,262	36,332	13,846
Profit (loss) for the period to be appropriated`9905`	13,755	16,311	-824	5,364	9,753	26,227	10,569	36,694	18,448	13,904	20,713	20,726	21,449	33,928	22,609	10,760	22,262	36,332	13,846
Appropriation of the result
Profit (loss) to be appropriated`9906`	13,755	16,311	-824	5,364	9,753	26,227	10,569	36,694	18,448	13,904	20,713	20,726	21,449	33,928	22,609	26,340	70,580	48,318	13,846
Transfer from equity`791/2`	10,569	-	824	-	-	-	-	37,404	-	-	-	59,274	-	6,072	-	-	-	-	-
Transfer to equity`691/2`	13,755	16,311	-	5,364	9,753	26,227	10,569	-	18,448	13,904	-	-	21,449	-	22,609	26,340	-	-	1,860
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,860
To other reserves`6921`	13,755	16,311	-	5,364	9,753	26,227	10,569	-	18,448	13,904	-	-	21,449	-	22,609	26,340	-	-	-
Profit to be distributed`694/7`	10,569	-	-	-	-	-	-	74,099	-	-	20,713	80,000	-	40,000	-	-	55,000	-	-
Return on contributions (dividend)`694`	10,569	-	-	-	-	-	-	74,099	-	-	20,713	80,000	-	40,000	-	-	55,000	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	10-07-2026	2026-00277436	PDF
31-12-2024	micro format	31-07-2025	2025-00342923	PDF
31-12-2023	abbreviated format	29-08-2024	2024-00395752	PDF
31-12-2022	abbreviated format	25-08-2023	2023-00353281	PDF
31-12-2021	abbreviated format	29-07-2022	2022-20243338	PDF
31-12-2020	abbreviated format	30-08-2021	2021-57800203	PDF
31-12-2019	abbreviated format	28-08-2020	2020-46600177	PDF
31-12-2018	abbreviated format	29-08-2019	2019-54700434	PDF
31-12-2017	abbreviated format	30-08-2018	2018-59000475	PDF
31-12-2016	abbreviated format	31-08-2017	2017-56700086	PDF
31-12-2015	abbreviated format	26-08-2016	2016-50100120	PDF
31-12-2014	abbreviated format	28-08-2015	2015-53500168	PDF
31-12-2013	abbreviated format	29-08-2014	2014-54000007	PDF
31-12-2012	abbreviated format	30-08-2013	2013-53600507	PDF
31-12-2011	abbreviated format	29-06-2012	2012-24400370	PDF
31-12-2010	abbreviated format	12-08-2011	2011-40000323	PDF
31-12-2009	abbreviated format	16-08-2010	2010-41500313	PDF
31-12-2008	abbreviated format	30-07-2009	2009-52600131	PDF
31-12-2007	abbreviated format	18-08-2008	2008-57600338	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	24,327	32,588	6,770	14,926	17,065	40,644	20,504	52,295	32,544	26,047	36,806	36,821	39,880	42,758	37,844	27,573	42,419	55,896	23,080
Cash flow	17,307	21,580	3,641	9,982	12,621	30,019	15,520	41,500	23,500	18,672	25,522	24,992	23,705	35,903	25,386	15,937	30,624	42,087	17,202
Investment in fixed assets (approximation)	0	3,756	1,553	10,110	1,897	4,993	1,156	6,649	7,457	719	8,112	6,030	844	6,307	0	0	7,820	7,200	9,556
Change in cash	10,117	30,358	-917	-364	-9,412	41,103	-55,743	37,219	26,986	-8,734	-51,677	-3,740	20,224	-15,937	26,372	-43,979	40,664	29,731	-
Working capital	83,088	76,749	58,150	56,062	56,190	45,466	21,281	6,075	45,323	29,280	11,327	14,629	75,667	52,805	63,209	37,824	21,886	54,082	19,196
EBIT margin	-	20.0%	2.1%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43.1%	-
Solvency	76.3%	79.5%	83.2%	72.4%	76.7%	67.0%	49.4%	14.0%	77.2%	79.1%	40.4%	20.1%	86.8%	81.5%	82.9%	93.1%	32.6%	97.0%	83.5%
Current ratio	4.20	4.79	5.42	3.22	4.04	2.81	1.87	1.07	3.97	4.33	1.40	1.19	7.31	5.08	5.85	13.64	1.35	28.53	4.71
Debt to equity	0.31	0.26	0.20	0.38	0.30	0.49	1.02	6.12	0.30	0.26	1.48	3.97	0.15	0.23	0.21	0.07	2.07	0.03	0.20
ROE	16.2%	20.0%	-1.3%	8.1%	16.0%	51.4%	42.6%	257.3%	35.7%	41.9%	107.3%	107.3%	27.3%	59.4%	35.8%	26.5%	74.6%	58.1%	52.8%
ROA	12.4%	15.9%	-1.0%	5.9%	12.3%	34.4%	21.0%	36.1%	27.6%	33.1%	43.3%	21.6%	23.7%	48.4%	29.7%	24.7%	24.3%	56.3%	44.1%
Interest coverage	15.88	7.90	2.39	7.26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	32 days	86 days	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40 days	-
Supplier credit	-	13 days	7 days	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€3,756	€1,553	€10,110	€1,897
Depreciation and write-downs of the year	€3,553	€5,269	€4,464	€4,618	€2,868

ITHENA

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency76.3%

Current ratio4.20

Return on assets12.4%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on ITHENA

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