K-LEAN (0504.913.704): financials and annual accounts

K-LEAN

Bruges ·KBO/BCE: BE 0504.913.704

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Balance sheet: assets
Total assets`20/58`	829,214	770,265	637,894	517,234	513,762	429,346	457,672	358,295	274,172	263,656	191,864	184,742
Formation expenses`20`	-	-	-	-	-	-	-	0	0	0	0	0
Fixed assets`21/28`	140,609	165,355	85,150	104,739	124,328	145,077	165,827	128,953	145,895	31,374	42,751	2,287
Intangible fixed assets`21`	-	-	-	-	-	-	-	0	0	0	0	0
Tangible fixed assets`22/27`	140,609	165,355	85,150	104,739	124,328	145,077	165,827	128,953	145,895	31,374	42,751	2,287
Land and buildings`22`	72,050	78,600	85,150	91,700	98,250	104,800	111,350	117,900	124,450	0	0	0
Plant, machinery and equipment`23`	1,734	2,194	-	-	0	362	724	1,085	1,447	0	1,545	2,287
Furniture and vehicles`24`	66,824	84,560	0	13,039	26,078	39,916	53,753	9,968	19,936	30,571	41,206	0
Other tangible fixed assets`26`	-	-	-	-	-	-	-	0	62	0	0	0
Assets under construction and advance payments`27`	-	-	-	-	-	-	-	0	0	0	0	0
Financial fixed assets`28`	-	-	-	-	-	-	-	0	0	0	0	0
Current assets`29/58`	688,605	604,910	552,744	412,495	389,434	284,269	291,845	229,341	128,277	232,282	149,113	182,456
Trade receivables`290`	-	-	-	-	-	-	-	0	0	0	0	0
Other amounts receivable`291`	-	-	-	-	-	-	-	0	0	0	0	0
Stocks and contracts in progress`3`	-	-	-	-	-	-	-	0	0	0	0	0
Stocks`30/36`	-	-	-	-	-	-	-	0	0	0	0	0
Contracts in progress`37`	-	-	-	-	-	-	-	0	0	0	0	0
Amounts receivable within one year`40/41`	128	24,300	24,338	25,531	6,626	22,268	20,978	19,081	19,026	37,660	24,353	23,806
Trade receivables`40`	128	24,300	24,338	23,916	0	16,365	17,543	17,678	17,623	15,220	23,472	23,806
Other amounts receivable`41`	-	-	0	1,615	6,626	5,903	3,435	1,403	1,403	22,440	881	0
Current investments`50/53`	575,000	500,000	400,000	-	-	-	-	0	0	0	0	0
Cash at bank and in hand`54/58`	112,255	78,945	125,721	385,580	381,053	260,259	269,263	208,759	109,252	194,622	124,760	158,650
Deferred charges and accrued income`490/1`	1,222	1,665	2,685	1,385	1,755	1,743	1,604	1,501	0	0	0	0
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	829,214	770,265	637,894	517,234	513,762	429,346	457,672	358,295	274,172	263,656	191,864	184,742
Equity`10/15`	723,498	672,861	598,675	487,778	375,255	380,231	302,053	222,994	148,292	113,044	57,207	116,696
Contributions`10/11`	18,600	18,600	18,600	18,600	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
Uncalled capital`101`	-	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400	12,400
Contributions outside capital`11`	-	-	-	-	-	-	-	0	0	0	0	0
Share premium`1100/10`	-	-	-	-	-	-	-	0	0	0	0	0
Revaluation surpluses`12`	-	-	-	-	-	-	-	0	0	0	0	0
Reserves`13`	704,898	654,261	580,075	469,178	369,055	374,031	295,853	216,794	142,092	106,844	51,007	110,496
Non-distributable reserves`130/1`	-	-	-	0	1,860	1,860	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	-	-	-	0	1,860	1,860	-	-	-	-	-	-
Own shares acquired`1312`	-	-	-	-	-	-	-	0	0	0	0	0
Other`1319`	-	-	-	-	-	-	-	0	0	0	0	0
Tax-exempt reserves`132`	-	-	-	-	-	-	-	0	0	0	0	0
Distributable reserves`133`	704,898	654,261	580,075	469,178	367,195	372,171	293,993	214,934	140,232	104,984	49,147	108,636
Profit (loss) carried forward`14`	0	0	-	0	-	-	-	0	0	0	0	0
Investment grants`15`	-	-	-	-	-	-	-	0	0	0	0	0
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	0	0	0	0	0
Pensions and similar obligations`160`	-	-	-	-	-	-	-	0	0	-	-	-
Taxes`161`	-	-	-	-	-	-	-	0	0	-	-	-
Major repairs and maintenance`162`	-	-	-	-	-	-	-	0	0	-	-	-
Environmental obligations`163`	-	-	-	-	-	-	-	0	0	-	-	-
Other liabilities and charges`164/5`	-	-	-	-	-	-	-	0	0	-	-	-
Deferred taxes`168`	-	-	-	-	-	-	-	0	0	0	0	0
Amounts payable`17/49`	105,716	97,404	39,219	29,456	138,507	49,115	155,619	135,301	125,880	150,612	134,657	68,046
Amounts payable after more than one year`17`	28,468	43,298	-	0	7,416	16,229	24,947	-	-	-	-	-
Financial debts`170/4`	28,468	43,298	-	0	7,416	16,229	24,947	-	-	-	-	-
Trade debts`175`	-	-	-	-	-	-	-	0	0	0	0	0
Advances received on contracts in progress`176`	-	-	-	-	-	-	-	0	0	0	0	0
Other amounts payable`178/9`	-	-	-	-	-	-	-	0	0	0	0	0
Amounts payable within one year`42/48`	77,248	54,107	39,219	29,456	131,091	32,887	130,672	135,301	125,880	150,605	134,657	68,046
Current portion of amounts payable after more than one year`42`	14,829	14,356	0	7,416	8,812	8,718	8,624	0	0	0	0	0
Credit institutions`430/8`	-	-	-	-	-	-	-	0	0	0	0	0
Other loans`439`	-	-	-	-	-	-	-	0	0	0	0	0
Trade debts`44`	119	882	570	1,141	3,344	1,257	5,327	1,465	2,462	24,263	413	231
Suppliers`440/4`	119	882	570	1,141	3,344	1,257	5,327	1,465	2,462	24,263	413	231
Bills of exchange payable`441`	-	-	-	-	-	-	-	0	0	0	0	0
Advances received on contracts in progress`46`	145	-	-	-	-	-	-	0	0	0	0	0
Taxes, remuneration and social security`45`	62,154	38,869	38,649	20,899	22,393	22,332	19,407	16,035	5,316	66,753	34,244	67,815
Taxes`450/3`	62,154	38,869	38,649	20,899	22,393	20,332	19,407	16,035	5,316	66,753	34,244	67,815
Remuneration and social security`454/9`	-	-	-	-	0	2,000	-	0	0	0	0	0
Other amounts payable`47/48`	-	-	-	0	96,541	579	97,313	117,802	118,101	59,589	100,000	0
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	0	0	6	0	0
Income statement
Turnover`70`	-	-	-	-	-	-	-	0	0	0	0	0
Non-recurring operating income`76A`	-	-	-	-	-	-	-	0	0	0	0	0
Gross operating margin`9900`	206,049	208,412	181,533	154,492	153,638	135,529	141,471	130,076	86,883	106,353	84,469	172,718
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	0	0	0	0	0
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	0	0	0	0	0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	24,746	10,775	19,589	19,589	20,749	20,749	20,875	16,941	18,289	11,377	11,377	1,421
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	0	0	0	0	0
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	0	0	0	0	0
Other operating charges`640/8`	1,609	1,687	2,054	2,487	2,105	1,755	2,924	1,269	14,650	1,312	2,106	741
Operating charges capitalised as restructuring costs`649`	-	-	-	-	-	-	-	0	0	0	0	0
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	0	0	0	0	0
Operating profit (loss)`9901`	179,694	195,950	159,890	132,415	130,783	113,024	117,672	111,865	53,944	93,664	70,987	170,556
Financial income`75/76B`	9,883	17,889	2,701	-	-	0	1	0	159	143	394	1,009
Recurring financial income`75`	9,883	17,889	2,701	-	-	0	1	0	159	143	394	1,009
Non-recurring financial income`76B`	-	-	-	-	-	-	-	0	0	-	-	-
Financial charges`65/66B`	1,827	533	257	219	372	1,040	4,599	4,911	5,249	2,736	67	55
Recurring financial charges`65`	1,827	533	257	219	372	1,040	4,599	4,911	5,249	2,736	67	55
Non-recurring financial charges`66B`	-	-	-	-	-	-	-	0	0	-	-	-
Profit (loss) for the period before taxes`9903`	187,751	213,306	162,334	132,197	130,411	111,984	113,074	106,953	48,854	91,071	71,314	171,510
Income taxes`67/77`	57,004	64,120	51,438	32,073	40,388	33,807	34,014	32,251	13,607	35,234	30,803	61,014
Profit (loss) for the period`9904`	130,747	149,186	110,896	100,124	90,023	78,178	79,059	74,702	35,247	55,837	40,511	110,496
Transfer from tax-exempt reserves`789`	-	-	-	-	-	-	-	0	0	0	0	0
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	-	0	0	0	0	0
Profit (loss) for the period to be appropriated`9905`	130,747	149,186	110,896	100,124	90,023	78,178	79,059	74,702	35,247	55,837	40,511	110,496
Appropriation of the result
Profit (loss) to be appropriated`9906`	130,747	149,186	110,896	100,124	90,023	78,178	79,059	74,702	35,247	55,837	40,511	110,496
Transfer from equity`791/2`	80,110	75,000	-	0	95,000	-	-	0	0	0	100,000	0
Transfer to equity`691/2`	130,747	149,186	110,896	100,124	90,023	78,178	79,059	74,702	35,247	55,837	40,511	110,496
Addition to contributions`691`	-	-	-	-	-	-	-	0	0	0	0	0
To the legal reserve`6920`	-	-	-	-	-	-	-	0	0	0	0	1,860
To other reserves`6921`	130,747	149,186	110,896	100,124	90,023	78,178	79,059	74,702	35,247	55,837	40,511	108,636
Profit to be distributed`694/7`	80,110	75,000	-	0	95,000	-	-	-	-	-	100,000	-
Return on contributions (dividend)`694`	80,110	75,000	-	0	95,000	-	-	0	0	0	100,000	0
Directors or managers`695`	-	-	-	-	-	-	-	0	0	0	0	0
Employees`696`	-	-	-	-	-	-	-	0	0	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	09-02-2026	2026-00035759	PDF
31-12-2024	micro format	21-03-2025	2025-00051882	PDF
31-12-2023	micro format	31-01-2024	2024-00019062	PDF
31-12-2022	micro format	22-02-2023	2023-00030076	PDF
31-12-2021	micro format	28-03-2022	2022-08800082	PDF
31-12-2020	micro format	19-03-2021	2021-07900465	PDF
31-12-2019	micro format	23-03-2020	2020-07300441	PDF
31-12-2018	micro format	15-03-2019	2019-07100561	PDF
31-12-2017	micro format	27-02-2018	2018-05700221	PDF
31-12-2016	abbreviated format	15-02-2017	2017-04500485	PDF
31-12-2015	abbreviated format	11-02-2016	2016-04300202	PDF
31-12-2014	abbreviated format	10-04-2015	2015-09600522	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
EBITDA	204,440	206,724	179,479	152,004	151,532	133,774	138,547	128,806	72,233	105,041	82,364	171,977
Cash flow	155,493	159,961	130,485	119,713	110,773	98,927	99,935	91,644	53,536	67,214	51,888	111,918
Investment in fixed assets (approximation)	0	90,979	0	0	0	0	67,717	0	132,809	0	51,842	3,708
Change in cash	33,310	-46,776	-259,859	4,527	120,794	-9,005	60,504	99,508	-85,370	69,862	-33,890	-
Working capital	611,357	550,803	513,525	383,039	258,343	251,382	161,174	94,041	2,397	81,676	14,456	114,410
Solvency	87.3%	87.4%	93.9%	94.3%	73.0%	88.6%	66.0%	62.2%	54.1%	42.9%	29.8%	63.2%
Current ratio	8.91	11.18	14.09	14.00	2.97	8.64	2.23	1.70	1.02	1.54	1.11	2.68
Debt to equity	0.15	0.14	0.07	0.06	0.37	0.13	0.52	0.61	0.85	1.33	2.35	0.58
ROE	18.1%	22.2%	18.5%	20.5%	24.0%	20.6%	26.2%	33.5%	23.8%	49.4%	70.8%	94.7%
ROA	15.8%	19.4%	17.4%	19.4%	17.5%	18.2%	17.3%	20.8%	12.9%	21.2%	21.1%	59.8%
Interest coverage	over 100	over 100	over 100	over 100	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022
Tangible fixed assets	-	€90,979	-	-
Depreciation and write-downs of the year	€24,746	€10,775	€19,589	€19,589

K-LEAN

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency87.3%

Current ratio8.91

Return on assets15.8%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on K-LEAN

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