KOVU (0447.156.142): financials and annual accounts

KOVU

Bruges ·KBO/BCE: BE 0447.156.142

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	1.2m	1.3m	1.3m	1.2m	1.2m	1.3m	1.3m	1.3m	1.3m	1.1m	608,232	595,308	498,571	246,208	247,156	269,313	318,634	283,476	806,747	805,488
Fixed assets`21/28`	1.0m	1.1m	1.2m	1.1m	1.1m	1.1m	1.2m	1.1m	1.2m	1.1m	594,580	513,770	374,676	128,060	144,787	153,681	170,660	127,850	136,350	143,948
Tangible fixed assets`22/27`	942,306	965,244	1.1m	1.1m	1.1m	1.1m	1.2m	1.1m	1.2m	1.1m	594,530	513,720	374,626	128,010	144,737	153,631	170,610	127,800	136,300	143,898
Land and buildings`22`	937,159	958,284	1.0m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	594,530	513,720	374,626	118,330	125,377	124,591	131,890	127,488	135,437	141,401
Plant, machinery and equipment`23`	5,147	6,960	8,774	9,818	9,818	14,090	9,484	-	-	-	-	-	-	-	-	-	-	312	732	309
Furniture and vehicles`24`	-	-	-	-	-	12,500	25,000	37,500	50,000	-	-	-	-	9,680	19,360	29,040	38,720	-	131	2,188
Financial fixed assets`28`	100,050	100,050	100,050	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50
Current assets`29/58`	202,363	245,101	105,420	134,647	128,781	120,970	138,143	130,687	95,065	40,276	13,652	81,539	123,896	118,148	102,369	115,632	147,974	155,626	670,397	661,540
Amounts receivable within one year`40/41`	15,605	32,009	37,145	20,711	20,586	19,543	18,338	56,169	21,964	17,121	5,969	3,021	174	3,283	23,015	19,977	2,285	15,277	108,867	94,238
Trade receivables`40`	15,605	30,761	30,761	18,338	18,338	18,338	18,338	56,169	21,964	17,121	5,964	2,754	-	-	-	-	-	-	937	-
Other amounts receivable`41`	-	1,248	6,384	2,373	2,248	1,205	-	-	-	-	5	267	174	3,283	23,015	19,977	2,285	15,277	107,930	94,238
Current investments`50/53`	-	-	-	-	-	-	-	-	-	-	-	-	-	34,787	34,787	87,950	140,225	140,225	548,307	459,557
Cash at bank and in hand`54/58`	186,458	212,634	67,784	112,068	106,326	99,845	118,310	72,842	70,601	23,154	7,684	78,518	123,721	80,078	44,567	7,705	4,227	124	13,223	107,745
Deferred charges and accrued income`490/1`	299	457	491	1,869	1,869	1,582	1,496	1,676	2,500	-	-	-	-	-	-	-	1,237	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.2m	1.3m	1.3m	1.2m	1.2m	1.3m	1.3m	1.3m	1.3m	1.1m	608,232	595,308	498,571	246,208	247,156	269,313	318,634	283,476	806,747	805,488
Equity`10/15`	817,334	840,116	782,774	721,952	719,146	720,008	714,197	666,336	629,771	628,261	203,747	195,912	213,666	245,479	246,706	267,813	281,144	283,291	803,289	805,348
Contributions`10/11`	738,000	738,000	738,000	738,000	738,000	738,000	738,000	738,000	738,000	738,000	313,000	313,000	313,000	313,000	313,000	313,000	313,000	300,000	850,000	850,000
Issued capital`100`	-	-	-	-	-	-	738,000	738,000	738,000	738,000	313,000	313,000	313,000	313,000	313,000	313,000	313,000	300,000	850,000	850,000
Profit (loss) carried forward`14`	79,334	102,116	44,774	-16,048	-18,854	-17,992	-23,803	-71,664	-108,229	-109,739	-109,253	-117,088	-99,334	-67,521	-66,294	-45,187	-31,856	-16,709	-46,711	-44,652
Amounts payable`17/49`	427,385	470,279	472,765	513,648	510,587	543,637	598,075	611,175	643,737	472,637	404,484	399,396	284,905	729	450	1,500	37,490	185	3,458	140
Amounts payable within one year`42/48`	425,279	468,223	472,765	513,648	510,587	543,637	590,832	611,175	620,811	472,637	404,484	399,396	284,905	729	450	262	36,277	185	3,458	140
Financial debts`43`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66	-	-
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66	-	-
Trade debts`44`	32,194	63,458	59,252	52,472	50,859	32,715	22,432	12,971	73,660	13,612	4,098	5,660	-	729	450	262	91	119	3,458	140
Suppliers`440/4`	32,194	63,458	59,252	52,472	50,859	32,715	22,432	12,971	73,660	13,612	4,098	5,660	-	729	450	262	91	119	3,458	140
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	-	514	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	17,477	21,668	25,224	5,157	3,710	5,227	6,248	393	225	-	-	-	-	-	-	-	-	-	-	-
Taxes`450/3`	17,477	21,668	25,224	5,157	3,710	5,227	6,248	393	225	-	-	-	-	-	-	-	-	-	-	-
Other amounts payable`47/48`	375,607	383,098	388,289	456,018	456,018	505,694	562,152	597,811	546,926	459,025	400,387	393,222	284,905	-	-	-	36,186	-	-	-
Accrued charges and deferred income`492/3`	2,106	2,056	-	-	-	-	7,243	-	22,926	-	-	-	-	-	-	1,238	1,213	-	-	-
Income statement
Non-recurring operating income`76A`	5,081	50,494	-	-	-	-	-	-	-	-	-	-	634	-	-	1,400	-	-	-	-
Gross operating margin`9900`	59,257	107,868	135,804	4,257	52,451	53,284	112,895	102,678	57,467	41,292	33,317	-20,730	9,795	14,963	-4,817	6,810	4,741	-1,261	5,058	5,536
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	22,938	26,541	27,503	-	41,722	42,879	40,819	32,734	32,623	17,241	6,616	6,616	16,296	16,727	17,988	17,629	18,590	8,500	10,519	9,894
Other operating charges`640/8`	621	2,812	-	-	255	275	-	105	138	103	102	101	26,326	-	-	3,326	1,902	7,030	2,486	2,654
Non-recurring operating charges`66A`	-	-	1,990	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	35,698	78,515	106,311	4,257	10,474	10,130	72,075	69,839	24,706	23,948	26,599	-27,447	-32,827	-1,764	-22,805	-14,145	-15,751	-16,791	-7,947	-7,012
Financial income`75/76B`	-	619	-	-	-	-	1	0	13	2	25	517	698	705	1,761	1,465	1,311	11,219	13,594	37,825
Recurring financial income`75`	-	619	-	-	-	-	1	0	13	2	25	517	698	705	1,761	1,465	1,311	11,219	13,594	37,825
Financial charges`65/66B`	58,480	124	23,663	5	109	90	24,215	32,881	22,985	24,436	18,794	17,144	504	20	50	2,051	707	9,078	7,706	3,569
Recurring financial charges`65`	58,480	124	23,663	5	109	90	24,215	32,881	22,985	24,436	18,794	17,144	504	20	50	2,051	707	9,078	7,706	3,569
Profit (loss) for the period before taxes`9903`	-22,782	79,010	82,648	4,252	10,365	10,040	47,861	36,958	1,735	-486	7,830	-44,075	-32,000	-1,079	-21,094	-13,331	-15,147	-14,650	-2,059	27,244
Income taxes`67/77`	-	21,668	22,116	1,135	11,227	4,229	-	393	225	-	-5	-93	-188	148	13	-	-	-	-	-
Profit (loss) for the period`9904`	-22,782	57,343	60,532	3,118	-862	5,811	47,861	36,565	1,510	-486	7,835	-43,982	-31,812	-1,227	-21,107	-13,331	-15,147	-14,650	-2,059	27,244
Profit (loss) for the period to be appropriated`9905`	-22,782	57,343	60,532	3,118	-862	5,811	47,861	36,565	1,510	-486	7,835	-43,982	-31,812	-1,227	-21,107	-13,331	-15,147	-14,650	-2,059	27,244
Appropriation of the result
Profit (loss) to be appropriated`9906`	79,334	102,116	44,774	-16,048	-18,854	-17,992	-23,803	-71,664	-108,229	-109,739	-109,253	-117,088	-99,334	-67,521	-66,294	-45,187	-31,856	-61,361	-46,711	-44,652
Profit (loss) brought forward from the previous period`14P`	102,116	44,774	-15,758	-19,166	-17,992	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44,652	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	23-08-2026	2026-00430880	PDF
31-12-2024	abbreviated format	31-08-2025	2025-00472817	PDF
31-12-2023	abbreviated format	18-10-2024	2024-00510594	PDF
31-12-2022	abbreviated format	01-09-2023	2023-00443436	PDF
31-12-2021	abbreviated format	30-08-2022	2022-20402966	PDF
31-12-2020	abbreviated format	30-08-2021	2021-59300457	PDF
31-12-2019	abbreviated format	31-08-2020	2020-49200219	PDF
31-12-2018	abbreviated format	30-08-2019	2019-61500134	PDF
31-12-2017	abbreviated format	29-08-2018	2018-55900288	PDF
31-12-2016	abbreviated format	29-08-2017	2017-53200108	PDF
31-12-2015	abbreviated format	29-08-2016	2016-50700299	PDF
31-12-2014	abbreviated format	29-08-2015	2015-54500398	PDF
31-12-2013	abbreviated format	30-08-2014	2014-56000066	PDF
31-12-2012	abbreviated format	31-07-2013	2013-36900240	PDF
31-12-2011	abbreviated format	31-07-2012	2012-37800044	PDF
31-12-2010	abbreviated format	14-07-2011	2011-30200246	PDF
31-12-2009	abbreviated format	25-06-2010	2010-22400410	PDF
31-12-2008	abbreviated format	18-08-2009	2009-59000145	PDF
31-12-2007	abbreviated format	04-08-2008	2008-52900169	PDF
31-12-2006	abbreviated format	24-08-2007	2007-60000168	PDF
31-12-2005	abbreviated format	23-06-2006	2006-31101121	PDF
31-12-2004	abbreviated format	27-06-2005	2005-34402686	PDF
31-12-2003	abbreviated format	06-07-2004	2004-41102109	PDF
31-12-2002	abbreviated format	02-07-2003	2003-37700204	PDF
31-12-2001	abbreviated format	10-09-2002	2002-54702963	PDF
31-12-2000	abbreviated format	22-08-2001	2001-51402366	PDF
31-12-1999	abbreviated format	07-07-2000	2000-35500131	PDF
31-12-1998	abbreviated format	08-06-1999	1999-15004038	PDF
31-12-1997	abbreviated format	29-06-1998	1998-23104428	PDF
31-12-1996	abbreviated format	13-11-1997	1997-52601572	PDF
31-12-1995	abbreviated format	01-07-1996	1996-24204298	PDF
31-12-1994	abbreviated format	23-06-1995	1995-27903278	PDF
31-12-1993	abbreviated format	07-06-1994	1994-12302307	PDF
31-12-1992	abbreviated format	07-07-1993	1993-23902367	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Investment in fixed assets (approximation)	0	-58,284	109,067	-	0	11,425	68,124	1,115	150,444	483,284	87,426	145,710	262,278	0	9,094	650	61,400	0	2,921	-
Change in cash	-26,176	144,850	-44,284	5,741	6,482	-18,465	45,467	2,241	47,447	15,471	-70,835	-45,203	43,643	35,511	36,862	3,478	4,103	-13,099	-94,522	-
Solvency	65.7%	64.1%	62.3%	58.4%	58.5%	57.0%	54.4%	52.2%	49.5%	57.1%	33.5%	32.9%	42.9%	99.7%	99.8%	99.4%	88.2%	99.9%	99.6%	100.0%
ROE	-2.8%	6.8%	7.7%	0.4%	-0.1%	0.8%	6.7%	5.5%	0.2%	-0.1%	3.8%	-22.4%	-14.9%	-0.5%	-8.6%	-5.0%	-5.4%	-5.2%	-0.3%	3.4%
ROA	-1.8%	4.4%	4.8%	0.3%	-0.1%	0.5%	3.6%	2.9%	0.1%	0.0%	1.3%	-7.4%	-6.4%	-0.5%	-8.5%	-5.0%	-4.8%	-5.2%	-0.3%	3.4%

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	€9,067	-	-
Financial fixed assets	-	-	€100,000	-	-
Depreciation and write-downs of the year	€22,938	€26,541	€27,503	-	€41,722

KOVU

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency65.7%

Return on assets-1.8%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on KOVU

Next steps