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KWADRIX

Active
Private limited companyfounded 2000active for 26 yearsPerseweide 37, 8902 Ieper, BelgiumKBO/BCE: BE 0472.584.493

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 29-06-2026 at the NBB all 25 filings

Turnover
€188,453▼ 12.4%
2024 · €215,058
EBIT margin
9.5%▼ 9.5pp
2024 · 19.0%
Net result
€11,028▼ 59.7%
2024 · €27,332
Working capital
-€25,251
2024 · €18,145
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 56% lower than in 2024 and the lowest since 2021. It is the third fall in a row.

Turnover€188,453 2025 Operating result€17,949 2025 Net result€11,028 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€316,424-€252,700▼ 20.1%€164,667▼ 34.8%€278,008€241,447▼ 13.2%€215,058▼ 10.9%€188,453▼ 12.4%
Operating result€103,645-€40,012▼ 61.4%€31,556▼ 21.1%€74,314▲ 136%€92,081▲ 23.9%€62,109▼ 32.5%€40,951▼ 34.1%€17,949▼ 56.2%
Net result€124,253-€25,500▼ 79.5%€20,163within the sector's middle half▼ 20.9%€51,866within the sector's middle half▲ 157%€140,455above the sector's middle half▲ 171%€41,844within the sector's middle half▼ 70.2%€27,332within the sector's middle half▼ 34.7%€11,028within the sector's middle half▼ 59.7%
EBIT margin32.8%-15.8%▼ 16.9pp19.2%▲ 3.3pp33.1%25.7%▼ 7.4pp19.0%▼ 6.7pp9.5%▼ 9.5pp
Equity€440,593-€464,468▲ 5.4%€483,031above the sector's middle half▲ 4.0%€483,297above the sector's middle half▲ 0.1%€622,152above the sector's middle half▲ 28.7%€637,395above the sector's middle half▲ 2.5%€643,061above the sector's middle half▲ 0.9%€592,371above the sector's middle half▼ 7.9%
Total assets€715,143-€649,146▼ 9.2%€635,090within the sector's middle half▼ 2.2%€633,188within the sector's middle half▼ 0.3%€720,083within the sector's middle half▲ 13.7%€725,618within the sector's middle half▲ 0.8%€707,847within the sector's middle half▼ 2.4%€707,903within the sector's middle half=
Debt€274,550-€184,678▼ 32.7%€152,059▼ 17.7%€149,891▼ 1.4%€97,931▼ 34.7%€88,223▼ 9.9%€64,785▼ 26.6%€115,532▲ 78.3%
Working capital-€38,313--€96,719▼ 152%-€114,323below the sector's middle half▼ 18.2%-€124,738below the sector's middle half▼ 9.1%€20,236within the sector's middle half€13,599within the sector's middle half▼ 32.8%€18,145within the sector's middle half▲ 33.4%-€25,251below the sector's middle half
Solvency61.6%-71.6%▲ 9.9pp76.1%above the sector's middle half▲ 4.5pp76.3%above the sector's middle half▲ 0.3pp86.4%above the sector's middle half▲ 10.1pp87.8%above the sector's middle half▲ 1.4pp90.8%above the sector's middle half▲ 3.0pp83.7%above the sector's middle half▼ 7.2pp
Current ratio0.70-0.23▼ 0.470.16below the sector's middle half▼ 0.070.17below the sector's middle half▲ 0.011.21within the sector's middle half▲ 1.041.15within the sector's middle half▼ 0.051.28within the sector's middle half▲ 0.130.78below the sector's middle half▼ 0.50
Return on assets (ROA)17.4%-3.9%▼ 13.4pp3.2%within the sector's middle half▼ 0.8pp8.2%within the sector's middle half▲ 5.0pp19.5%above the sector's middle half▲ 11.3pp5.8%within the sector's middle half▼ 13.7pp3.9%within the sector's middle half▼ 1.9pp1.6%within the sector's middle half▼ 2.3pp
above within below The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €707,903
Fixed assets €617,622 ▼ 1.2%
Current assets €90,281 ▲ 8.9%
Equity and liabilities €707,903
Equity €592,371 ▼ 7.9%
Debt €115,532 ▲ 78.3%
Debt's share of the balance-sheet total rises from 9.2% to 16.3%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€25,242▼
2024 · €48,447
Cash flow
€18,322▼
2024 · €34,828
Debt to equity
0.20▲
2024 · 0.10
ROE
1.9%▼
2024 · 4.3%
Interest coverage
36.42▲
2024 · 36.27
Debt ≤ 1 year
€115,532▲
2024 · €64,785
Income taxes
€6,228▼
2024 · €12,284
Customer credit
124 days▲
2024 · 104 days
Supplier credit
12 days▲
2024 · 8 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets--€29,329€8,615-
Depreciation and write-downs of the year€5,901€6,119€7,448€7,496€7,294

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€707,847€707,903=
Fixed assets21/28€624,916€617,622▼
Tangible fixed assets22/27€79,866€72,573▼
Land and buildings22€78,366€71,487▼
Plant, machinery and equipment23€1,500€1,086▼
Furniture and vehicles24€0€0=
Financial fixed assets28€545,050€545,050=
Current assets29/58€82,931€90,281▲
Amounts receivable within one year40/41€61,568€89,276▲
Trade receivables40€61,568€64,276▲
Other amounts receivable41-€25,000
Cash at bank and in hand54/58€21,363€1,005▼
Equity and liabilities
Total equity and liabilities10/49€707,847€707,903=
Equity10/15€643,061€592,371▼
Contributions10/11€100,000€100,000=
Reserves13€543,061€492,371▼
Tax-exempt reserves132€1,321€1,321=
Distributable reserves133€541,740€491,050▼
Amounts payable17/49€64,785€115,532▲
Amounts payable within one year42/48€64,785€115,532▲
Trade debts44€3,774€5,529▲
Suppliers440/4€3,774€5,529▲
Taxes, remuneration and social security45€20,345€18,285▼
Taxes450/3€20,345€18,285▼
Other amounts payable47/48€40,666€91,718▲
Income statement Code20242025
Turnover70€215,058€188,453▼
Goods, raw materials, services and sundry goods60/61€168,999€165,704▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,496€7,294▼
Other operating charges640/8€1,163€1,178▲
Gross operating margin9900€49,610€26,420▼
Operating profit (loss)9901€40,951€17,949▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€1,336€693▼
Recurring financial charges65€1,336€693▼
Profit (loss) for the period before taxes9903€39,616€17,256▼
Income taxes67/77€12,284€6,228▼
Profit (loss) for the period9904€27,332€11,028▼
Profit (loss) for the period to be appropriated9905€27,332€11,028▼
Appropriation of the result
Profit (loss) to be appropriated9906€27,332€11,028▼
Transfer from equity791/2€20,000€60,000▲
Transfer to equity691/2€25,666€9,310▼
To other reserves6921€25,666€9,310▼
Profit to be distributed694/7€21,666€61,718▲
Return on contributions (dividend)694€21,666€61,718▲

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.

Line20182019202020212022202320242025Change
Turnover70€316,424€252,700€164,667-€278,008€241,447€215,058€188,453▼ 12.4%
Goods, raw materials, services and sundry goods60/61----€182,180€174,363€168,999€165,704▼ 1.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,442€10,041€7,088€5,901€6,119€7,448€7,496€7,294▼ 2.7%
Other operating charges640/8---€1,803€961€1,035€1,163€1,178▲ 1.3%
Gross operating margin9900€114,924€50,929€39,273€82,018€99,162€70,592€49,610€26,420▼ 46.7%
Operating profit (loss)9901€103,645€40,012€31,556€74,314€92,081€62,109€40,951€17,949▼ 56.2%
Financial income75/76B---€0€80,000€1€0€0▼ 10.2%
Recurring financial income75€50,001€1€0€0€80,000€1€0€0▼ 10.2%
Financial charges65/66B---€1,397€1,596€2,523€1,336€693▼ 48.1%
Recurring financial charges65€5,030€3,064€2,452€1,397€1,596€2,523€1,336€693▼ 48.1%
Profit (loss) for the period before taxes9903€148,616€36,949€29,104€72,917€170,485€59,587€39,616€17,256▼ 56.4%
Income taxes67/77€24,363€11,449€8,941€21,051€30,030€17,743€12,284€6,228▼ 49.3%
Profit (loss) for the period9904€124,253€25,500€20,163€51,866€140,455€41,844€27,332€11,028▼ 59.7%
Profit (loss) for the period to be appropriated9905€124,253€25,500€20,163€51,866€140,455€41,844€27,332€11,028▼ 59.7%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€715,143€649,146€635,090€633,188€720,083€725,618€707,847€707,903=
Fixed assets21/28€626,956€621,024€613,936€608,035€601,915€623,797€624,916€617,622▼ 1.2%
Tangible fixed assets22/27€81,906€75,975€68,887€62,985€56,866€78,747€79,866€72,573▼ 9.1%
Land and buildings22---€61,470€56,409€76,738€78,366€71,487▼ 8.8%
Plant, machinery and equipment23---€797€451€2,009€1,500€1,086▼ 27.6%
Furniture and vehicles24---€719€5€0€0€0=
Financial fixed assets28€545,050€545,050€545,050€545,050€545,050€545,050€545,050€545,050=
Current assets29/58€88,187€28,122€21,154€25,153€118,168€101,821€82,931€90,281▲ 8.9%
Amounts receivable within one year40/41€80,079€22,343€9,555€17,835€104,093€98,750€61,568€89,276▲ 45.0%
Trade receivables40---€17,835€64,093€97,993€61,568€64,276▲ 4.4%
Other amounts receivable41----€40,000€757-€25,000-
Cash at bank and in hand54/58€8,107€5,779€11,598€7,318€14,075€3,071€21,363€1,005▼ 95.3%
Equity and liabilities
Total equity and liabilities10/49€715,143€649,146€635,090€633,188€720,083€725,618€707,847€707,903=
Equity10/15€440,593€464,468€483,031€483,297€622,152€637,395€643,061€592,371▼ 7.9%
Contributions10/11€100,000€100,000-€100,000€100,000€100,000€100,000€100,000=
Reserves13€340,593€364,468€383,031€383,297€522,152€537,395€543,061€492,371▼ 9.3%
Non-distributable reserves130/1---€10,000€10,000----
Reserves not available under the articles1311---€10,000€10,000----
Tax-exempt reserves132---€1,321€1,321€1,321€1,321€1,321=
Distributable reserves133---€371,975€510,830€536,074€541,740€491,050▼ 9.4%
Amounts payable17/49€274,550€184,678€152,059€149,891€97,931€88,223€64,785€115,532▲ 78.3%
Amounts payable after more than one year17€146,997€59,837€16,582------
Amounts payable within one year42/48€126,500€124,841€135,477€149,891€97,931€88,223€64,785€115,532▲ 78.3%
Trade debts44€553€10,805€889€570€145€2,762€3,774€5,529▲ 46.5%
Suppliers440/4---€570€145€2,762€3,774€5,529▲ 46.5%
Taxes, remuneration and social security45---€30,221€36,187€26,361€20,345€18,285▼ 10.1%
Taxes450/3---€30,221€35,187€26,361€20,345€18,285▼ 10.1%
Remuneration and social security454/9----€1,000----
Other amounts payable47/48---€119,100€61,600€59,100€40,666€91,718▲ 126%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€124,253€25,500€20,163€51,866€140,455€41,844€27,332€11,028▼ 59.7%
+ Depreciation and write-downs630€9,442€10,041€7,088€5,901€6,119€7,448€7,496€7,294▼ 2.7%
Operating cash flow (approximation)€133,694€35,541€27,251€57,767€146,574€49,291€34,828€18,322▼ 47.4%
Investment in fixed assets (approximation)--€4,109€0€0€0-€29,329-€8,615€0-
Change in cash--€2,328€5,819-€4,280€6,757-€11,004€18,291-€20,357-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 25 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 29-06-2026 2026-00258004 PDF
31-12-2024 abbreviated format 13-08-2025 2025-00387213 PDF
31-12-2023 abbreviated format 10-06-2024 2024-00134559 PDF
31-12-2022 abbreviated format 02-08-2023 2023-00317084 PDF
31-12-2021 abbreviated format 05-08-2022 2022-20279696 PDF
31-12-2020 abbreviated format 09-08-2021 2021-47300075 PDF
31-12-2019 abbreviated format 08-09-2020 2020-52500235 PDF
31-12-2018 abbreviated format 09-08-2019 2019-45400143 PDF
31-12-2017 abbreviated format 06-08-2018 2018-44000362 PDF
31-12-2016 abbreviated format 19-07-2017 2017-34900067 PDF

Show all 25 filings

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