KOALECT (0564.791.903): financials and annual accounts

KOALECT

Brussels ·KBO/BCE: BE 0564.791.903

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Balance sheet: assets
Total assets`20/58`	1.5m	1.3m	1.2m	908,774	822,449	629,605	555,513	663,384	291,625	414,658	424,483
Fixed assets`21/28`	663,343	624,299	540,430	460,519	325,273	59,597	40,483	31,876	22,723	24,076	16,951
Intangible fixed assets`21`	658,851	607,491	510,269	413,791	275,608	-	-	-	-	-	-
Tangible fixed assets`22/27`	3,992	12,408	25,761	42,328	45,265	52,197	34,383	27,476	14,776	20,029	14,674
Furniture and vehicles`24`	3,703	10,528	20,725	34,135	33,915	37,691	34,383	27,476	14,776	20,029	14,674
Leasing and similar rights`25`	-	1,533	4,632	7,731	10,830	-	-	-	-	-	-
Other tangible fixed assets`26`	289	347	404	462	520	578	-	-	-	-	-
Financial fixed assets`28`	500	4,400	4,400	4,400	4,400	7,400	6,100	4,400	7,948	4,048	2,276
Current assets`29/58`	788,053	676,616	669,794	448,255	497,175	570,008	515,030	631,508	268,902	390,581	407,533
Amounts receivable after more than one year`29`	-	-	95,000	-	-	-	-	-	-	-	-
Other amounts receivable`291`	-	-	95,000	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	684,927	567,509	317,718	332,319	317,895	384,647	232,232	213,855	129,199	115,600	43,917
Trade receivables`40`	684,923	567,509	312,550	332,319	317,895	384,647	232,232	213,855	129,199	115,600	43,917
Other amounts receivable`41`	4	-	5,168	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	96,511	99,877	230,019	78,765	171,997	160,303	280,410	416,508	136,422	274,189	363,616
Deferred charges and accrued income`490/1`	6,615	9,230	27,056	37,172	7,284	25,058	2,387	1,146	3,282	793	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.5m	1.3m	1.2m	908,774	822,449	629,605	555,513	663,384	291,625	414,658	424,483
Equity`10/15`	261,285	283,003	282,498	339,612	113,463	-193,242	-104,219	39,603	-48,298	139,511	175,897
Contributions`10/11`	483,651	483,651	483,651	483,651	483,651	483,651	483,651	483,651	243,600	243,600	243,598
Capital`10`	483,651	483,651	483,651	483,651	483,651	-	-	-	-	-	-
Issued capital`100`	483,651	483,651	483,651	483,651	483,651	483,651	483,651	483,651	243,600	243,600	243,600
Uncalled capital`101`	-	-	-	-	-	-	-	-	-	-	2
Profit (loss) carried forward`14`	-222,366	-200,648	-201,154	-144,039	-370,189	-676,894	-587,870	-444,048	-291,898	-104,089	-67,701
Amounts payable`17/49`	1.2m	1.0m	927,726	569,162	708,986	822,847	659,732	623,781	339,924	275,146	248,586
Amounts payable after more than one year`17`	201,917	333,422	473,005	149,166	266,290	367,445	401,196	427,202	200,649	214,854	206,763
Financial debts`170/4`	201,917	333,422	473,005	149,166	265,130	363,356	386,529	422,539	200,649	214,854	206,763
Other amounts payable`178/9`	-	-	-	-	1,160	4,089	14,667	4,664	-	-	-
Amounts payable within one year`42/48`	524,875	313,430	175,909	181,598	212,765	273,457	147,055	116,475	79,682	60,292	40,371
Current portion of amounts payable after more than one year`42`	134,579	133,784	39,813	47,900	44,816	47,938	37,759	20,937	5,398	1,909	1,765
Financial debts`43`	-	-	-	-	-	-	-	-	-	9,629	-
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	9,629	-
Trade debts`44`	131,985	89,701	41,901	27,364	60,437	149,056	35,741	28,580	13,275	11,866	30,238
Suppliers`440/4`	131,985	89,701	41,901	27,364	60,437	149,056	35,741	28,580	13,275	11,866	30,238
Taxes, remuneration and social security`45`	158,311	89,945	94,194	106,335	107,511	76,463	73,554	66,958	61,009	36,888	7,896
Taxes`450/3`	93,589	53,564	66,732	76,007	74,289	46,411	19,808	35,966	33,898	21,328	2,896
Remuneration and social security`454/9`	64,723	36,381	27,462	30,328	33,222	30,052	53,746	30,992	27,111	15,560	5,000
Other amounts payable`47/48`	100,000	-	-	-	-	-	-	-	-	-	472
Accrued charges and deferred income`492/3`	463,319	371,059	278,813	238,397	229,931	181,945	111,481	80,104	59,593	-	1,452
Income statement
Non-recurring operating income`76A`	2,565	1,253	-	-	-	-	1,007	-	-	-	-
Gross operating margin`9900`	820,536	649,182	485,655	673,275	753,262	307,348	249,535	117,028	30,910	27,959	-57,333
Remuneration, social security and pensions`62`	417,765	335,521	285,700	265,936	303,179	269,844	314,422	202,503	177,848	24,195	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	239,356	191,491	149,942	105,327	47,363	21,313	15,910	15,290	8,491	8,256	6,571
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	14,432	-	-	-	-	-
Other operating charges`640/8`	12,640	2,669	14,441	2,421	2,102	2,386	5,888	1,448	1,745	1,481	1,062
Operating charges capitalised as restructuring costs`649`	-	-	-	-	-	-15	-	-	-	-	-
Non-recurring operating charges`66A`	-	-	-	-	3,201	240	-	2,260	-	-	-
Operating profit (loss)`9901`	150,774	119,501	35,572	299,591	397,418	-852	-86,685	-104,472	-157,174	-5,973	-64,967
Financial income`75/76B`	33	3,157	338	17	145	59	34	-	194	208	418
Recurring financial income`75`	33	3,157	338	17	145	59	34	-	194	208	418
Financial charges`65/66B`	171,552	121,220	92,224	73,458	89,558	88,231	56,714	42,558	30,729	30,493	3,139
Recurring financial charges`65`	171,552	121,220	92,224	73,458	89,558	88,231	56,714	42,558	30,729	30,493	3,139
Profit (loss) for the period before taxes`9903`	-20,745	1,437	-56,314	226,150	308,005	-89,024	-143,366	-147,030	-187,709	-36,258	-67,687
Income taxes`67/77`	973	931	801	-	1,300	-	456	5,119	100	130	14
Profit (loss) for the period`9904`	-21,718	506	-57,115	226,150	306,705	-89,024	-143,822	-152,150	-187,810	-36,388	-67,701
Profit (loss) for the period to be appropriated`9905`	-21,718	506	-57,115	226,150	306,705	-89,024	-143,822	-152,150	-187,810	-36,388	-67,701
Appropriation of the result
Profit (loss) to be appropriated`9906`	-222,366	-200,648	-201,154	-144,039	-370,189	-676,894	-587,870	-444,048	-291,898	-104,089	-67,701
Profit (loss) brought forward from the previous period`14P`	-200,648	-201,154	-144,039	-370,189	-676,894	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	6	5.4	5	5.1	6.1	7	6.9	5.1	4	0.8	-
Hours worked`1013`	10,516	9,354	8,653	9,023	11,020	10,666	12,414	8,752	7,144	136,960	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	full format	16-07-2026	2026-00301016	PDF
31-12-2024	full format	27-05-2025	2025-00107177	PDF
31-12-2023	full format	24-06-2024	2024-00153644	PDF
31-12-2022	full format	22-06-2023	2023-00146644	PDF
31-12-2021	full format	08-06-2022	2022-20049171	PDF
31-12-2020	full format	31-08-2021	2021-60900475	PDF
31-12-2019	full format	30-09-2020	2020-57200566	PDF
31-12-2018	full format	26-06-2019	2019-23400247	PDF
31-12-2017	full format	31-05-2018	2018-14900071	PDF
31-12-2016	full format	28-07-2017	2017-37500335	PDF
31-12-2015	full format	24-06-2016	2016-22600413	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EBITDA	390,130	310,992	185,514	404,918	444,781	20,461	-70,775	-89,182	-148,683	2,283	-58,395
Cash flow	217,638	191,997	92,828	331,477	354,068	-67,710	-127,912	-136,860	-179,318	-28,132	-61,130
Investment in fixed assets	282,300	275,360	229,854	240,573	323,809	45,053	29,298	27,989	7,138	15,382	23,522
Change in cash	-3,366	-130,143	151,255	-93,232	11,694	-120,107	-136,097	280,086	-137,767	-89,427	-
Working capital	263,178	363,186	493,885	266,657	284,411	296,550	367,975	515,034	189,220	330,289	367,162
Solvency	18.0%	21.8%	23.3%	37.4%	13.8%	-30.7%	-18.8%	6.0%	-16.6%	33.6%	41.4%
Current ratio	1.50	2.16	3.81	2.47	2.34	2.08	3.50	5.42	3.37	6.48	10.09
Debt to equity	4.55	3.60	3.28	1.68	6.25	-	-	15.75	-	1.97	1.41
ROE	-8.3%	0.2%	-20.2%	66.6%	270.3%	-	-	-384.2%	-	-26.1%	-38.5%
ROA	-1.5%	0.0%	-4.7%	24.9%	37.3%	-14.1%	-25.9%	-22.9%	-64.4%	-8.8%	-15.9%
Interest coverage	2.27	2.57	2.01	5.51	4.97	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	6	6	5	5	6
full-time	6	5	5	5	5
part-time	-	1	-	-	1
in full-time equivalents	6	5.6	5	5	5.6
Average over the year, in full-time equivalents	6	5.4	5	5.1	6.1
On a permanent contract	6	6	5	5	6
Joined	1	4	-	2	0
Left	1	3	-	3	1

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€1,356	€3,667	€7,924	€19,317	€20,058
Intangible fixed assets	€280,944	€271,693	€221,930	€221,255	€303,750
Depreciation and write-downs of the year	€239,356	€191,491	€149,942	€105,327	€47,363

KOALECT

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency18.0%

Current ratio1.50

Return on assets-1.5%

Staff

Staff cost per FTE€69,628

Joined and left+0

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on KOALECT

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