LOOP

Active Public limited companyfounded 1992active for 34 yearsRue Emile Vandervelde 219, 4860 PepinsterKBO/BCE: BE 0447.252.053 #2 company by equity in Pepinster, Construction sector

LOOP

Financial year 2025

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Annual accounts 2025

abbreviated format, filed on 09-07-2026, 22 days before the deadline

Gross margin

€260,673

▼ 23.4%

Operating result

€75,188

▼ 56.3%

Profit

€58,359

▼ 51.3%

Working capital

€733,497

▲ 7.1%

Solvency

93.4%

▲ 0.6 percentage points

Current ratio

13.79

▲ 0.41

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €580,000. Estimated: probably between €510,000 and €720,000.

In the rankings #2 company by equity in Pepinster, Construction sector #3 oldest company in Pepinster, Construction sector #7 company by total assets in Pepinster, Construction sector

Balance sheet

balance sheet total €922,760 on 31-12-2025

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency93.4%

Higher than 95% of 9,926 companies in 2025.

Current ratio13.79

Higher than 95% of 9,790 companies in 2025.

Return on assets6.3%

Higher than 54% of 9,859 companies in 2025.

LOOP Middle half of the sector 80% of the sector Abbreviated accounts in specialised construction (NACE 43)

Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter · Staff: middle half

Staff

Staff cost per FTE€51,945

Staff costs divided by the average number of full-time equivalents.

Joined and left+0

Filed annual accounts

as filed with the National Bank, click a year to choose it

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`	922,760	865,464	813,211	735,644	549,460	458,027	378,038	316,807	278,735	234,057	209,478	227,176	229,461	230,445	231,967	238,890	256,720	255,296	197,767
Fixed assets`21/28`	131,907	125,554	109,723	96,156	73,229	81,358	94,069	55,770	22,555	29,912	32,965	40,995	38,679	24,379	26,181	18,587	26,793	40,101	26,914
Intangible fixed assets`21`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	-	-	-
Tangible fixed assets`22/27`	131,757	125,404	109,573	96,006	73,079	81,208	93,919	55,620	22,405	29,762	32,815	39,272	36,956	22,593	25,540	17,946	26,153	39,461	26,764
Land and buildings`22`	-	-	-	-	-	49,212	48,230	26,797	2,818	0	0	0	884	1,768	2,831	3,894	537	716	-
Plant, machinery and equipment`23`	64,399	76,242	83,468	61,899	55,215	-	-	0	0	0	1,449	3,028	4,607	6,186	522	0	-	-	-
Furniture and vehicles`24`	67,358	49,162	26,106	34,106	17,864	31,996	45,690	28,823	19,587	29,762	31,367	35,985	30,947	13,862	21,151	14,052	25,616	38,745	26,764
Other tangible fixed assets`26`	-	-	-	-	-	-	-	0	0	0	0	259	518	777	1,036	-	-	-	-
Financial fixed assets`28`	150	150	150	150	150	150	150	150	150	150	150	1,723	1,723	1,785	640	640	640	640	150
Current assets`29/58`	790,853	739,910	703,487	639,488	476,230	376,670	283,968	261,037	256,180	204,146	176,513	186,181	190,781	206,066	205,787	220,304	229,927	215,195	170,853
Stocks and contracts in progress`3`	31,820	25,344	24,811	22,198	14,845	7,985	5,585	4,232	2,578	5,009	5,110	6,150	8,300	11,800	18,300	19,250	11,320	8,931	9,223
Stocks`30/36`	31,820	25,344	24,811	22,198	14,845	7,985	5,585	4,232	2,578	5,009	5,110	6,150	8,300	11,800	18,300	19,250	11,320	8,931	9,223
Amounts receivable within one year`40/41`	177,631	137,475	105,946	53,562	42,974	109,652	60,453	73,079	41,404	48,828	41,497	24,124	47,060	52,911	59,429	54,734	101,660	34,972	42,604
Trade receivables`40`	80,175	54,760	63,800	13,215	15,681	94,229	39,493	52,385	26,044	38,434	32,891	15,915	28,218	33,568	36,171	29,552	54,513	13,378	29,819
Other amounts receivable`41`	97,456	82,715	42,146	40,347	27,293	15,423	20,960	20,694	15,360	10,394	8,606	8,209	18,841	19,343	23,258	25,182	47,147	21,594	12,785
Current investments`50/53`	102,615	202,615	2,615	2,615	2,615	2,615	2,615	2,615	2,615	2,615	2,615	2,615	2,615	2,615	2,615	2,550	2,487	36,609	41,609
Cash at bank and in hand`54/58`	478,787	374,477	566,852	557,925	415,788	254,310	212,215	177,800	206,071	142,018	122,713	148,228	127,975	134,410	119,724	139,893	113,547	134,683	77,417
Deferred charges and accrued income`490/1`	-	-	3,264	3,188	9	2,108	3,102	3,311	3,511	5,676	4,578	5,063	4,832	4,331	5,718	3,876	913	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	922,760	865,464	813,211	735,644	549,460	458,027	378,038	316,807	278,735	234,057	209,478	227,176	229,461	230,445	231,967	238,890	256,720	255,296	197,767
Equity`10/15`	861,534	803,175	778,273	665,237	505,972	423,568	353,672	291,981	239,593	177,559	79,562	151,369	151,774	151,561	134,117	142,941	172,271	150,447	127,769
Contributions`10/11`	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973
Capital`10`	61,973	61,973	61,973	61,973	61,973	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973	61,973
Reserves`13`	799,561	741,202	716,299	603,264	443,999	311,706	241,810	180,119	127,731	65,697	15,697	15,697	15,697	15,697	15,697	15,697	15,697	15,697	15,698
Non-distributable reserves`130/1`	6,197	6,197	6,197	6,197	6,197	6,197	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,198
Tax-exempt reserves`132`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,500
Distributable reserves`133`	793,364	735,004	710,102	597,067	437,801	305,509	235,613	173,921	121,534	59,500	9,500	9,500	9,500	9,500	9,500	9,500	9,500	9,500	-
Profit (loss) carried forward`14`	0	-	-	-	-	49,889	49,889	49,889	49,889	49,889	1,891	73,698	74,103	73,890	56,446	65,270	94,600	72,777	50,098
Amounts payable`17/49`	61,226	62,289	34,938	70,406	43,488	34,459	24,365	24,826	39,141	56,498	129,916	75,807	77,687	78,884	97,851	95,949	84,449	104,849	69,998
Amounts payable after more than one year`17`	3,870	6,991	3,202	3,757	2,431	-	-	0	3,003	6,525	9,962	14,315	1,000	6,125	15,330	6,746	8,779	14,454	5,517
Financial debts`170/4`	3,870	6,991	3,202	3,757	2,431	-	-	0	3,003	6,525	9,962	13,315	0	5,125	14,330	5,746	8,779	14,454	5,517
Other amounts payable`178/9`	-	-	-	-	-	-	-	-	-	-	0	1,000	1,000	1,000	1,000	1,000	-	-	-
Amounts payable within one year`42/48`	57,355	55,299	31,737	66,492	40,356	34,434	24,365	24,826	36,139	49,973	119,954	61,465	76,655	72,692	82,517	89,203	75,670	90,395	64,481
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	0	3,003	3,523	3,437	3,353	3,271	5,125	9,205	9,773	3,090	5,713	5,772	2,841
Trade debts`44`	22,316	17,194	7,607	31,621	13,960	17,792	7,146	8,364	20,714	12,435	33,930	36,713	50,970	48,237	57,492	74,546	52,156	70,505	53,880
Suppliers`440/4`	22,316	17,194	7,607	31,621	13,960	17,792	7,146	8,364	20,714	12,435	33,930	36,713	50,970	48,237	57,492	74,546	52,156	70,505	53,880
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	35,039	38,105	24,129	34,871	26,397	10,849	10,844	11,400	10,209	31,733	46,497	21,481	17,097	15,250	12,561	11,568	17,801	12,766	3,622
Taxes`450/3`	19,623	25,782	10,695	21,087	14,784	1,428	1,523	1,618	1,576	20,205	33,654	6,907	1,490	1,298	1,094	940	7,420	1,943	1,411
Remuneration and social security`454/9`	15,416	12,323	13,434	13,784	11,613	9,421	9,321	9,782	8,632	11,528	12,844	14,573	15,607	13,951	11,467	10,628	10,381	10,823	2,211
Other amounts payable`47/48`	-	-	-	-	-	5,793	6,376	2,059	1,694	2,369	36,174	0	3,463	0	2,692	0	-	1,352	4,138
Accrued charges and deferred income`492/3`	-	-	-	157	700	25	-	-	0	-	0	27	32	67	3	-	-	-	-
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	-	47,177	21,388	9,524	-	1,500	-	2,489	-	-	-	934	-
Gross operating margin`9900`	260,673	340,282	340,106	390,945	289,161	234,547	218,873	192,177	204,170	261,395	243,797	172,587	154,031	172,856	141,199	157,510	184,197	153,468	133,283
Remuneration, social security and pensions`62`	150,641	138,923	150,751	132,564	137,939	108,798	105,886	95,469	90,175	88,710	124,204	146,248	139,212	140,551	136,444	128,659	120,583	111,858	110,703
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	31,815	26,460	24,197	26,031	25,743	26,931	26,338	23,135	11,777	16,345	18,041	17,514	13,717	14,374	12,837	11,181	17,292	19,655	15,190
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	0	-376	-	-453	829	-	-2,946	-378	-	-3,913	7,237	-	-
Other operating charges`640/8`	2,831	2,700	2,618	2,393	2,730	1,746	1,868	1,748	648	525	2,596	1,983	3,043	1,615	2,095	7,805	1,916	2,423	1,427
Non-recurring operating charges`66A`	199	130	63	279	89	-	-	-	-	-	0	250	-	0	-	-	292	-	8,393
Operating profit (loss)`9901`	75,188	172,069	162,478	229,678	122,660	97,073	84,781	72,201	101,570	156,268	98,127	6,842	1,004	16,694	-10,177	13,778	37,170	19,533	5,963
Financial income`75/76B`	7,126	2,727	5	0	2	12	18	463	207	245	188	402	1,158	1,059	3,632	3,566	3,855	1,036	1,563
Recurring financial income`75`	7,126	2,727	5	0	2	12	18	463	207	245	188	402	1,158	1,059	3,632	3,566	3,855	1,036	1,563
Financial charges`65/66B`	369	279	290	333	260	297	381	838	1,268	2,268	870	806	919	1,120	1,597	4,264	3,921	2,662	2,858
Recurring financial charges`65`	369	279	290	333	260	297	381	838	1,268	2,268	870	806	919	1,120	1,597	4,264	3,921	2,662	2,858
Profit (loss) for the period before taxes`9903`	81,945	174,517	162,193	229,345	122,402	96,788	84,417	71,826	100,509	154,245	97,445	7,688	1,243	19,122	-8,142	13,080	36,812	18,841	-3,725
Income taxes`67/77`	23,586	54,614	49,158	70,080	39,998	26,892	22,726	19,438	38,475	56,248	35,217	8,094	1,030	1,678	682	-257	14,988	3,175	4,065
Profit (loss) for the period`9904`	58,359	119,902	113,035	159,265	82,404	69,896	61,692	52,387	62,034	97,998	62,227	-405	213	17,444	-8,824	13,337	21,824	15,666	-7,790
Transfer from tax-exempt reserves`789`	-	-	-	-	9,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	58,359	119,902	113,035	159,265	91,904	69,896	61,692	52,387	62,034	97,998	62,227	-405	213	17,444	-8,824	13,337	21,824	15,666	-7,790
Appropriation of the result
Profit (loss) to be appropriated`9906`	58,359	119,902	113,035	159,265	141,792	119,785	111,580	102,276	111,923	99,889	135,925	73,698	74,103	73,890	56,446	107,937	94,600	72,777	50,098
Profit (loss) brought forward from the previous period`14P`	-	-	-	-	49,889	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	0	95,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	58,359	119,902	113,035	159,265	141,792	69,896	61,692	52,387	62,034	50,000	-	-	-	-	-	-	-	-	-
To other reserves`6921`	58,359	119,902	113,035	159,265	141,792	69,896	61,692	52,387	62,034	50,000	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	0	95,000	-	-	-	-	-	-	-	-	134,034	-	-	-	-	42,667	-	-	-
Return on contributions (dividend)`694`	0	95,000	-	-	-	-	-	-	-	-	134,034	-	-	-	-	42,667	-	-	-
Social balance sheet
Average staff (FTE)`9087`	2.9	3.1	3.5	4.1	4	3.6	4.1	4	3.6	4.5	5.8	5.8	6.5	6.9	7.2	6.3	5.9	4.3	4.8
Hours worked`1013`	4,645	4,904	5,638	6,480	6,520	4,982	648	6,628	5,942	6,114	8,268	8,326	8,640	8,735	9,294	9,087	8,980	7,079	7,902
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The accounts for 14 older financial years (1992-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 16 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 09-07-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	09-07-2026	2026-00277455	PDF
31-12-2024	micro format	18-07-2025	2025-00283432	PDF
31-12-2023	micro format	27-06-2024	2024-00169059	PDF
31-12-2022	micro format	19-06-2023	2023-00137505	PDF
31-12-2021	micro format	07-07-2022	2022-20168707	PDF
31-12-2020	micro format	12-08-2021	2021-48200437	PDF
31-12-2019	micro format	27-08-2020	2020-46000512	PDF
31-12-2018	micro format	02-07-2019	2019-28200183	PDF
31-12-2017	micro format	27-08-2018	2018-51000435	PDF
31-12-2016	full format	13-07-2017	2017-32500522	PDF
31-12-2015	full format	25-08-2016	2016-48800036	PDF
31-12-2014	full format	21-08-2015	2015-45200485	PDF
31-12-2013	full format	22-08-2014	2014-45600284	PDF
31-12-2012	full format	26-08-2013	2013-47800506	PDF
31-12-2011	full format	06-08-2012	2012-38800290	PDF
31-12-2010	full format	26-08-2011	2011-45200520	PDF
31-12-2009	full format	15-10-2010	2010-58000468	PDF
31-12-2008	full format	15-10-2010	2010-58000539	PDF
31-12-2007	full format	23-02-2009	2009-05200266	PDF
31-12-2005	full format	28-08-2006	2006-69205060	PDF
31-12-2004	full format	20-12-2005	2005-90503094	PDF
31-12-2003	full format	29-03-2005	2005-09303402	PDF
31-12-2002	full format	28-11-2003	2003-81200071	PDF
31-12-2001	full format	24-12-2002	2002-78804969	PDF
31-12-2000	full format	15-10-2001	2001-64500615	PDF
31-12-1999	full format	13-10-2000	2000-65100697	PDF
31-12-1998	full format	08-11-1999	1999-57703240	PDF
31-12-1997	full format	17-07-1998	1998-34202918	PDF
31-12-1996	full format	25-08-1997	1997-39301277	PDF
31-12-1995	full format	12-07-1996	1996-34001064	PDF
31-12-1994	full format	03-11-1995	1995-56104571	PDF
31-12-1993	full format	20-06-1994	1994-16805329	PDF
31-12-1992	full format	01-07-1993	1993-21204482	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	107,002	198,529	186,675	255,709	148,403	124,003	111,119	95,337	113,347	172,613	116,167	24,356	14,722	31,069	2,660	24,959	54,461	39,188	21,153
Cash flow	90,174	146,363	137,232	185,296	108,147	96,827	88,029	75,523	73,811	114,342	80,268	17,109	13,930	31,819	4,013	24,518	39,115	35,321	7,400
Investment in fixed assets	38,168	42,291	37,764	48,958	17,615	14,219	64,637	56,350	9,767	13,291	11,700	19,830	28,080	12,573	20,431	5,138	3,983	32,842	7,006
Change in cash	104,311	-192,375	8,926	142,137	161,478	42,095	34,415	-28,271	64,054	19,305	-25,515	20,253	-6,435	14,685	-20,169	26,347	-21,136	57,266	-
Working capital	733,497	684,612	671,751	572,996	435,874	342,236	259,603	236,211	220,041	154,173	56,559	124,715	114,126	133,375	123,270	131,100	154,257	124,800	106,372
Solvency	93.4%	92.8%	95.7%	90.4%	92.1%	92.5%	93.6%	92.2%	86.0%	75.9%	38.0%	66.6%	66.1%	65.8%	57.8%	59.8%	67.1%	58.9%	64.6%
Current ratio	13.79	13.38	22.17	9.62	11.80	10.94	11.65	10.51	7.09	4.09	1.47	3.03	2.49	2.83	2.49	2.47	3.04	2.38	2.65
Quick ratio	13.23	12.92	21.38	9.28	11.43	10.71	11.43	10.34	7.02	3.98	1.43	2.93	2.38	2.67	2.27	2.25	2.89	2.28	2.51
Debt to equity	0.07	0.08	0.04	0.11	0.09	0.08	0.07	0.09	0.16	0.32	1.63	0.50	0.51	0.52	0.73	0.67	0.49	0.70	0.55
ROE	6.8%	14.9%	14.5%	23.9%	16.3%	16.5%	17.4%	17.9%	25.9%	55.2%	78.2%	-0.3%	0.1%	11.5%	-6.6%	9.3%	12.7%	10.4%	-6.1%
ROA	6.3%	13.9%	13.9%	21.6%	15.0%	15.3%	16.3%	16.5%	22.3%	41.9%	29.7%	-0.2%	0.1%	7.6%	-3.8%	5.6%	8.5%	6.1%	-3.9%
Interest coverage	over 100	over 100	over 100	over 100	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	4	3	3	4	3
full-time	4	3	3	4	3
part-time	0	-	-	-	-
in full-time equivalents	3	3	-	-	3
Average over the year, in full-time equivalents	2.9	3.1	3.5	4.1	4
On a permanent contract	2	2	2	2	2
Joined	2	1	1	3	1
Left	2	1	2	2	3

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€38,168	€42,291	€37,764	€48,958	€17,615
Financial fixed assets	€0	-	-	-	-
Depreciation and write-downs of the year	€31,815	€26,460	€24,197	€26,031	€25,743

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

Insights on LOOP

The operating result for 2025 is 56% lower than in 2024 and the lowest since 2018.

Debt's share of the balance-sheet total falls from 7.2% to 6.6%. Equity is higher and debt is lower.

Next steps

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