LUAP (0836.283.718): financials and annual accounts

LUAP

Woluwe-Saint-Pierre ·KBO/BCE: BE 0836.283.718

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Balance sheet: assets
Total assets`20/58`	1.5m	1.7m	1.5m	1.3m	1.1m	1.1m	1.0m	893,895	859,852	804,628	739,070	714,059	720,126	694,799
Fixed assets`21/28`	554,474	583,721	567,910	459,352	478,148	507,248	535,881	566,955	579,887	552,398	563,728	581,950	594,144	610,698
Tangible fixed assets`22/27`	554,474	583,721	567,910	459,352	478,148	507,248	535,881	566,955	579,887	552,398	563,728	581,950	594,144	610,698
Land and buildings`22`	518,084	536,942	567,910	459,352	478,148	498,056	517,496	539,377	543,116	552,398	563,728	581,950	593,731	605,338
Furniture and vehicles`24`	36,390	46,779	-	-	-	9,193	18,385	27,578	36,771	-	-	-	412	5,360
Current assets`29/58`	983,359	1.1m	917,713	873,078	635,299	568,948	499,924	326,940	279,965	252,229	175,342	132,108	125,982	84,101
Amounts receivable after more than one year`29`	-	200,000	309,970	369,939	114,228	99,241	65,271	-	-	-	-	-	-	-
Other amounts receivable`291`	-	200,000	309,970	369,939	114,228	99,241	65,271	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	220,231	136,651	54,248	464	1,003	94,397	177,702	83,753	71,240	84,043	61,708	42,198	-	-
Trade receivables`40`	220,231	117,915	35,511	464	1,003	87,821	177,702	83,753	71,240	84,043	61,708	42,198	-	-
Other amounts receivable`41`	-	18,737	18,737	-	-	6,575	-	-	-	-	-	-	-	-
Current investments`50/53`	642,571	222,683	197,010	161,813	127,823	137,885	113,652	70,063	30,063	30,042	30,012	-	-	-
Cash at bank and in hand`54/58`	117,604	536,297	355,576	339,621	391,648	237,425	142,668	172,555	178,218	137,041	81,009	89,802	125,878	83,972
Deferred charges and accrued income`490/1`	2,953	7,558	909	1,240	597	-	631	570	444	1,103	2,613	109	104	129
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.5m	1.7m	1.5m	1.3m	1.1m	1.1m	1.0m	893,895	859,852	804,628	739,070	714,059	720,126	694,799
Equity`10/15`	1.4m	1.2m	1.0m	789,620	610,998	749,965	624,035	489,655	379,268	283,208	201,894	129,875	82,837	30,472
Contributions`10/11`	8,060	8,060	8,060	6,200	6,200	6,200	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	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Reserves`13`	1.4m	1.2m	1.0m	783,420	604,798	743,765	617,835	483,455	373,068	277,008	195,694	48,899	1,860	1,860
Non-distributable reserves`130/1`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-
Distributable reserves`133`	1.4m	1.2m	1.0m	781,560	602,938	741,905	615,975	481,595	371,208	275,148	193,834	47,039	-	-
Profit (loss) carried forward`14`	-	-	-	-	-	-	-	-	-	-	-	74,777	74,777	22,412
Amounts payable`17/49`	150,851	449,610	437,443	542,810	502,449	326,231	411,770	404,240	480,584	521,419	537,177	584,183	637,289	664,328
Amounts payable after more than one year`17`	-	53,424	90,626	141,308	189,427	235,094	278,434	319,521	358,558	395,606	430,766	464,070	495,741	525,798
Financial debts`170/4`	-	53,424	90,626	141,308	189,427	235,094	278,434	319,521	358,558	395,606	430,766	464,070	495,741	525,798
Amounts payable within one year`42/48`	150,851	231,186	181,817	236,501	148,021	91,137	133,336	84,719	122,026	125,813	106,410	120,114	141,548	138,529
Current portion of amounts payable after more than one year`42`	37,201	37,201	50,683	48,119	45,667	43,340	41,087	39,037	37,048	35,160	33,303	31,671	30,057	28,526
Trade debts`44`	22,998	6,354	3,515	3,887	3,224	4,623	7,992	6,089	5,307	10,679	5,535	5,679	1,772	1,244
Suppliers`440/4`	22,998	6,354	3,515	3,887	3,224	4,623	7,992	6,089	5,307	10,679	5,535	5,679	1,772	1,244
Advances received on contracts in progress`46`	-	-	-	-	-	-	32,186	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	70,021	35,976	16,721	91,261	20,307	19,194	26,814	5,262	40,430	36,829	29,335	36,856	37,220	20,255
Taxes`450/3`	67,662	33,645	14,467	89,109	18,183	19,194	22,599	3,212	40,430	36,829	27,296	32,916	35,725	18,770
Remuneration and social security`454/9`	2,358	2,331	2,254	2,152	2,124	-	4,215	2,050	-	-	2,039	3,940	1,495	1,486
Other amounts payable`47/48`	20,631	151,655	110,898	93,234	78,824	23,981	25,257	34,330	39,241	43,144	38,237	45,908	72,500	88,504
Accrued charges and deferred income`492/3`	-	165,000	165,000	165,000	165,000	-	-	-	-	-	-	-	-	-
Income statement
Gross operating margin`9900`	632,355	555,241	623,778	420,305	193,918	224,783	249,052	215,345	210,665	176,711	174,189	123,811	128,006	201,367
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	41,437	36,134	25,585	18,795	29,101	31,168	31,073	31,073	29,259	18,988	18,222	18,635	22,526	106,810
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	49,551	59,970	-	-	-	-	-	-	-	-	-	-	-
Other operating charges`640/8`	2,042	2,126	2,542	2,424	2,318	1,125	1,108	1,796	1,756	1,282	2,457	1,939	1,063	15,546
Operating profit (loss)`9901`	588,876	467,430	535,681	399,085	162,500	192,490	216,871	182,476	179,649	156,441	153,510	103,237	104,416	79,011
Financial income`75/76B`	14,426	9,762	9,598	14,641	45,478	3,971	271	-	30	36	29	51	80	47
Recurring financial income`75`	14,426	9,762	9,598	14,641	45,478	3,971	271	-	30	36	29	51	80	47
Financial charges`65/66B`	4,893	7,433	9,811	12,997	13,927	17,107	18,400	20,292	22,247	24,069	25,540	27,439	28,760	41,178
Recurring financial charges`65`	4,893	7,433	9,811	12,997	13,927	17,107	18,400	20,292	22,247	24,069	25,540	27,439	28,760	41,178
Profit (loss) for the period before taxes`9903`	598,409	469,758	535,468	400,730	194,051	179,354	198,741	162,183	157,433	132,408	127,999	75,849	75,737	37,880
Income taxes`67/77`	186,615	146,259	166,521	126,047	57,870	53,425	64,361	51,796	61,373	51,094	55,980	28,810	23,371	13,609
Profit (loss) for the period`9904`	411,794	323,499	368,947	274,682	136,181	125,929	134,380	110,387	96,060	81,315	72,018	47,039	52,365	24,272
Profit (loss) for the period to be appropriated`9905`	411,794	323,499	368,947	274,682	136,181	125,929	134,380	110,387	96,060	81,315	72,018	47,039	52,365	24,272
Appropriation of the result
Profit (loss) to be appropriated`9906`	411,794	323,499	368,947	274,682	136,181	125,929	134,380	110,387	96,060	81,315	146,795	121,815	74,777	24,272
Transfer from equity`791/2`	262,111	134,380	112,247	96,060	275,148	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	411,794	323,499	370,807	274,682	136,181	125,929	134,380	110,387	96,060	81,315	146,795	47,039	-	1,860
Addition to contributions`691`	-	-	1,860	-	-	-	-	-	-	-	-	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	1,860
To other reserves`6921`	411,794	323,499	368,947	274,682	136,181	125,929	134,380	110,387	96,060	81,315	146,795	47,039	-	-
Profit to be distributed`694/7`	262,111	134,380	110,387	96,060	275,148	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	262,111	134,380	110,387	96,060	275,148	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	28-08-2026	2026-00443183	PDF
31-12-2024	micro format	31-07-2025	2025-00339668	PDF
31-12-2023	micro format	29-07-2024	2024-00296522	PDF
31-12-2022	micro format	29-06-2023	2023-00173590	PDF
31-12-2021	micro format	29-08-2022	2022-20333736	PDF
31-12-2020	micro format	31-08-2021	2021-58400166	PDF
31-12-2019	micro format	28-08-2020	2020-45800153	PDF
31-12-2018	micro format	28-08-2019	2019-52100272	PDF
31-12-2017	micro format	29-08-2018	2018-51800085	PDF
31-12-2016	micro format	30-08-2017	2017-50500161	PDF
31-12-2015	full format	18-07-2016	2016-31900073	PDF
31-12-2014	full format	10-08-2015	2015-40400244	PDF
31-12-2013	full format	28-08-2014	2014-48600024	PDF
31-12-2012	full format	30-08-2013	2013-50800020	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
EBITDA	630,313	503,564	561,266	417,881	191,601	223,658	247,944	213,549	208,909	175,429	171,732	121,872	126,942	185,821
Cash flow	453,232	359,633	394,532	293,478	165,282	157,097	165,454	141,460	125,319	100,303	90,241	65,673	74,891	131,081
Investment in fixed assets (approximation)	12,191	51,945	134,143	0	0	2,534	0	18,141	56,748	7,658	0	6,441	5,972	717,508
Change in cash	-418,692	180,721	15,955	-52,027	154,223	94,757	-29,887	-5,663	41,176	56,032	-8,792	-36,076	41,906	-
Working capital	832,508	872,002	735,896	636,576	487,278	477,811	366,588	242,221	157,939	126,416	68,932	11,994	-15,566	-54,429
Solvency	90.2%	73.3%	70.6%	59.3%	54.9%	69.7%	60.2%	54.8%	44.1%	35.2%	27.3%	18.2%	11.5%	4.4%
Current ratio	6.52	4.77	5.05	3.69	4.29	6.24	3.75	3.86	2.29	2.00	1.65	1.10	0.89	0.61
Debt to equity	0.11	0.36	0.42	0.69	0.82	0.43	0.66	0.83	1.27	1.84	2.66	4.50	7.69	21.80
ROE	29.7%	26.1%	35.2%	34.8%	22.3%	16.8%	21.5%	22.5%	25.3%	28.7%	35.7%	36.2%	63.2%	79.7%
ROA	26.8%	19.2%	24.8%	20.6%	12.2%	11.7%	13.0%	12.3%	11.2%	10.1%	9.7%	6.6%	7.3%	3.5%
Interest coverage	over 100	67.74	57.21	32.15	13.76	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Mortgages, amount registered	-	-	-	€590,000	€590,000
Carrying value of the mortgaged assets	-	-	-	€459,352	€478,148

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€12,191	€51,945	€134,143	-	-
Depreciation and write-downs of the year	€41,437	€36,134	€25,585	€18,795	€29,101

LUAP

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency90.2%

Current ratio6.52

Return on assets26.8%

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on LUAP

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