MASTER CONSULT INTER (0476.646.320): financials and annual accounts

MASTER CONSULT INTER

Uccle ·KBO/BCE: BE 0476.646.320

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`	3.6m	3.8m	4.1m	3.8m	4.3m	4.0m	3.5m	3.4m	3.5m	3.5m	3.8m	3.3m	2.8m	2.9m	2.7m	2.7m	2.3m	1.9m	973,696	885,545
Fixed assets`21/28`	2.2m	2.4m	2.6m	2.9m	3.1m	1.8m	2.2m	2.4m	2.5m	2.6m	2.7m	2.3m	2.5m	2.5m	2.6m	2.5m	2.2m	1.9m	756,367	799,588
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	833	1,667	-	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	2.1m	2.2m	2.4m	2.8m	3.0m	1.8m	2.2m	2.4m	2.5m	2.6m	2.7m	2.3m	2.5m	2.5m	2.6m	2.5m	2.2m	1.9m	756,367	799,588
Land and buildings`22`	1.9m	2.0m	2.1m	2.5m	2.8m	1.8m	2.2m	2.3m	2.5m	2.6m	2.7m	2.3m	2.4m	2.5m	2.6m	2.5m	2.2m	1.8m	699,413	727,979
Plant, machinery and equipment`23`	1,082	2,985	23,117	6,266	2,499	4,806	2,741	4,128	1,269	3,084	4,645	2,037	3,501	4,382	1,118	958	3,494	3,158	727	2,560
Furniture and vehicles`24`	5,919	11,853	978	16,352	20,888	-	-	212	1,335	2,458	3,713	2,292	12,661	16,439	206	486	12,104	23,514	35,327	47,566
Other tangible fixed assets`26`	153,890	188,439	223,018	282,155	167,387	15,744	6,217	6,306	5,500	5,500	5,801	6,718	7,970	4,115	6,518	10,114	13,709	17,305	20,901	21,482
Financial fixed assets`28`	165,000	165,000	165,600	165,600	75,600	600	600	600	600	600	600	600	600	600	600	600	-	-	-	-
Current assets`29/58`	1.4m	1.4m	1.6m	871,246	1.3m	2.1m	1.3m	996,329	989,829	893,140	1.1m	999,758	346,379	321,019	87,477	244,790	117,139	80,487	217,329	85,958
Amounts receivable after more than one year`29`	-	-	-	-	286,972	743,061	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade receivables`290`	-	-	-	-	-	75,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	-	-	-	-	286,972	668,061	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stocks and contracts in progress`3`	740,775	740,775	740,775	-	-	-	-	-	-	-	219,936	5,720	-	-	-	-	-	-	123,803	-
Stocks`30/36`	740,775	740,775	740,775	-	-	-	-	-	-	-	219,936	5,720	-	-	-	-	-	-	123,803	-
Amounts receivable within one year`40/41`	390,462	416,995	420,997	621,389	689,850	77,140	769,510	958,899	913,855	756,320	483,603	493,918	100,896	110,242	86,734	228,467	117,139	77,953	69,964	60,908
Trade receivables`40`	-	0	23,435	-	-	77,140	-	39,765	56,100	128,960	146,915	-	4,875	51,488	61,903	204,749	62,236	51,724	50,358	50,358
Other amounts receivable`41`	390,462	416,995	397,561	621,389	689,850	-	769,510	919,134	857,755	627,360	336,688	493,918	96,021	58,754	24,831	23,718	54,903	26,229	19,605	10,550
Current investments`50/53`	239,717	256,785	289,398	249,271	249,271	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	1,257	678	108,894	-	33,345	1.3m	552,416	37,266	75,771	136,720	350,651	500,020	245,384	207,817	744	16,323	-	-	23,562	25,049
Deferred charges and accrued income`490/1`	-	-	0	585	2,320	4,245	327	163	204	100	100	100	100	2,960	-	-	-	2,534	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	3.6m	3.8m	4.1m	3.8m	4.3m	4.0m	3.5m	3.4m	3.5m	3.5m	3.8m	3.3m	2.8m	2.9m	2.7m	2.7m	2.3m	1.9m	973,696	885,545
Equity`10/15`	292,189	487,273	747,976	715,625	819,379	1.0m	847,913	975,177	1.0m	1.2m	1.0m	1.0m	816,734	728,726	299,556	139,066	12,009	-1,209	168,694	119,427
Contributions`10/11`	45,570	45,570	18,600	18,600	18,600	18,600	18,600	18,600	18,600	269,700	269,700	269,700	269,700	18,600	18,600	6,200	6,200	6,200	6,200	6,200
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	269,700	269,700	269,700	269,700	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
Reserves`13`	654,503	669,412	711,291	726,200	800,632	991,273	814,197	995,878	995,878	936,355	755,229	237,121	26,970	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Non-distributable reserves`130/1`	-	0	26,970	26,970	26,970	26,970	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	26,970	26,970	26,970	26,970	26,970	26,970	26,970	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	-	0	26,970	26,970	26,970	26,970	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	581,501	596,410	611,319	626,228	641,137	650,651	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	73,003	73,003	73,003	73,003	132,525	313,652	787,227	968,908	968,908	909,385	728,259	210,151	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	-407,885	-227,709	18,085	-29,175	147	15,116	15,116	-39,301	15,116	15,116	15,116	520,064	520,064	708,266	279,096	131,006	3,949	-9,269	160,634	111,367
Provisions and deferred taxes`16`	193,834	198,803	203,773	208,743	213,712	216,884	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred taxes`168`	193,834	198,803	203,773	208,743	213,712	216,884	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	3.1m	3.1m	3.2m	2.9m	3.3m	2.7m	2.7m	2.4m	2.4m	2.3m	2.7m	2.3m	2.0m	2.1m	2.4m	2.6m	2.3m	1.9m	805,002	766,118
Amounts payable after more than one year`17`	1.4m	1.5m	2.0m	1.5m	1.7m	744,308	796,028	899,978	1.0m	1.1m	1.5m	829,850	857,083	925,005	1.1m	1.1m	1.2m	1.2m	522,099	433,268
Financial debts`170/4`	1.4m	1.5m	2.0m	1.5m	1.7m	742,058	793,778	895,328	1.0m	1.1m	1.5m	827,600	854,833	925,005	1.1m	1.1m	1.2m	1.2m	522,099	433,268
Other amounts payable`178/9`	2,250	2,250	2,250	2,250	2,250	2,250	2,250	4,650	2,250	2,250	2,250	2,250	2,250	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	1.7m	1.6m	1.2m	1.4m	1.6m	2.0m	1.9m	1.5m	1.4m	1.1m	1.2m	1.5m	1.1m	1.2m	1.3m	1.5m	1.1m	720,579	282,903	332,851
Current portion of amounts payable after more than one year`42`	1.1m	1.1m	767,162	752,666	652,660	737,614	1.1m	1.2m	911,866	816,565	1.1m	1.3m	941,414	792,001	1.1m	1.0m	766,413	439,589	41,098	39,764
Financial debts`43`	4,401	24,082	0	31,073	-	-	-	-	3,568	20	-	584	7,588	-	1,091	1,891	41,245	26,397	33,612	43,270
Credit institutions`430/8`	4,401	24,082	0	31,073	-	-	-	-	3,568	20	-	-	-	-	-	1,891	12,946	23,514	33,612	43,270
Other loans`439`	-	-	-	-	-	-	-	-	-	-	-	584	7,588	-	1,091	-	28,300	2,884	-	-
Trade debts`44`	41,989	44,127	72,250	140,641	62,315	55,196	37,563	114,717	73,328	126,505	109,146	61,058	43,795	18,387	133,716	207,945	189,112	232,410	90,618	149,343
Suppliers`440/4`	41,989	44,127	72,250	140,641	62,315	55,196	37,563	114,717	73,328	126,505	109,146	61,058	43,795	18,387	133,716	207,945	189,112	232,410	90,618	149,343
Taxes, remuneration and social security`45`	41,494	15,506	23,761	11,601	41,347	120,645	74,265	-	76,810	139,575	36,638	111,969	56,933	186,250	70,844	89,584	17,500	12,000	70,701	41,806
Taxes`450/3`	41,494	15,506	23,761	11,601	41,347	120,645	70,765	-	76,810	139,575	36,638	111,969	56,933	186,250	70,844	89,584	17,500	12,000	70,701	41,806
Remuneration and social security`454/9`	-	-	-	-	-	-	3,500	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts payable`47/48`	507,166	420,849	337,509	464,207	808,663	1.1m	676,475	164,412	338,043	34,582	-	-	67,951	206,807	20,730	155,369	85,000	10,184	46,874	58,668
Accrued charges and deferred income`492/3`	51,364	6,830	-	-	-	-	-	-	-	-	-	-	5,721	-	75	2,426	37,800	12,600	-	-
Income statement
Non-recurring operating income`76A`	4,148	0	120,588	851	-	-	-	-	-	-	-	1,467	-	-	-	-	-	-	-	-
Gross operating margin`9900`	148,121	39,701	265,779	134,621	274,894	1.1m	239,284	146,466	298,916	502,932	408,369	567,140	445,840	831,725	557,786	611,819	318,233	157,578	165,388	173,881
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	170,938	172,491	169,514	175,695	274,778	117,080	128,816	130,073	130,845	130,884	243,977	118,230	121,929	121,719	123,218	114,350	96,728	223,326	46,235	47,434
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-	-	-	-	-	-10,695	-53,605	64,300	-	-	-	-	-
Other operating charges`640/8`	52,076	15,914	13,441	21,625	10,443	13,555	14,425	27,190	56,170	21,509	12,018	12,018	12,158	9,293	9,108	10,962	14,197	8,609	9,288	8,946
Non-recurring operating charges`66A`	-1,077	6,205	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,815
Operating profit (loss)`9901`	-73,816	-154,910	82,824	-62,699	-10,327	973,059	96,043	-10,797	111,901	350,538	152,374	436,892	322,448	754,318	361,160	486,508	207,308	-74,357	109,864	117,501
Financial income`75/76B`	240	7,857	28,595	81,618	16,092	18,563	73,859	45,710	61,556	44,191	22,329	4,866	8,666	10,102	25	12,669	5,362	2,459	2,036	2,057
Recurring financial income`75`	240	7,857	28,595	81,618	16,092	18,563	73,859	45,710	61,556	44,191	22,329	4,866	8,666	10,102	25	12,669	5,362	2,459	2,036	2,057
Financial charges`65/66B`	105,724	112,980	78,284	68,120	33,420	38,028	45,261	65,269	58,653	73,181	73,925	88,396	72,257	99,303	131,806	89,783	99,485	97,973	36,104	33,184
Recurring financial charges`65`	105,724	112,980	78,284	68,120	33,420	38,028	45,261	65,269	58,653	73,181	73,925	88,396	72,257	99,303	131,806	89,783	99,485	97,973	36,104	33,184
Profit (loss) for the period before taxes`9903`	-179,301	-260,033	33,134	-49,201	-27,655	953,594	124,641	-30,356	114,805	321,548	100,778	354,829	258,857	665,116	229,379	409,393	113,185	-169,871	75,797	81,559
Transfer from deferred taxes`780`	4,970	4,970	4,970	4,970	3,172	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes`67/77`	20,753	5,639	5,753	-	-	41,527	41,754	24,061	55,282	140,421	87,618	144,678	92,949	235,947	81,288	132,336	-33	32	26,529	29,937
Profit (loss) for the period`9904`	-195,084	-260,703	32,351	-44,231	-24,483	695,184	82,887	-54,417	59,523	181,127	13,160	210,151	165,908	429,170	148,090	277,057	113,218	-169,903	49,267	51,622
Transfer from tax-exempt reserves`789`	14,909	14,909	14,909	14,909	9,515	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	650,651	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	-180,175	-245,794	47,260	-29,322	-14,969	44,532	82,887	-54,417	59,523	181,127	13,160	210,151	165,908	429,170	148,090	277,057	113,218	-169,903	49,267	51,622
Appropriation of the result
Profit (loss) to be appropriated`9906`	-407,885	-227,709	18,085	-29,175	147	59,648	43,586	-39,301	74,638	196,242	533,224	730,215	874,174	708,266	279,096	281,006	103,949	-9,269	160,634	111,367
Profit (loss) brought forward from the previous period`14P`	-227,709	18,085	-29,175	147	15,116	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	59,523	181,127	518,108	210,151	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	44,532	28,470	-	59,523	181,127	518,108	210,151	25,110	-	-	-	-	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	25,110	-	-	-	-	-	-	-
To other reserves`6921`	-	-	-	-	-	44,532	28,470	-	59,523	181,127	518,108	210,151	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	-	-	-	59,523	181,127	518,108	210,151	-	-	-	-	-	329,000	-	-	150,000	100,000	-	-	-
Return on contributions (dividend)`694`	-	-	-	59,523	181,127	518,108	210,151	-	-	-	-	-	329,000	-	-	150,000	100,000	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	16-10-2026	2026-00561080	PDF
31-12-2024	micro format	30-09-2025	2025-00519607	PDF
31-12-2023	micro format	07-11-2024	2024-00531756	PDF
31-12-2022	micro format	28-09-2023	2023-00457204	PDF
31-12-2021	micro format	31-10-2022	2022-20479378	PDF
31-12-2020	micro format	29-07-2021	2021-43000337	PDF
31-12-2019	micro format	30-10-2020	2020-67500064	PDF
31-12-2018	full format	26-07-2019	2019-39500596	PDF
31-12-2017	full format	20-07-2018	2018-36000238	PDF
31-12-2016	full format	27-07-2017	2017-39700528	PDF
31-12-2015	full format	26-07-2016	2016-37000346	PDF
31-12-2014	full format	30-07-2015	2015-37400565	PDF
31-12-2013	full format	31-07-2014	2014-38100149	PDF
31-12-2012	full format	30-06-2013	2013-24800525	PDF
31-12-2011	full format	20-07-2012	2012-32600457	PDF
31-12-2010	full format	29-06-2011	2011-24400165	PDF
31-12-2009	full format	28-07-2010	2010-36300416	PDF
31-12-2008	full format	14-07-2009	2009-42700088	PDF
31-12-2007	full format	29-07-2008	2008-50400308	PDF
31-12-2006	full format	27-07-2007	2007-50600203	PDF
31-12-2005	full format	28-09-2006	2006-82302444	PDF
31-12-2004	full format	28-06-2005	2005-37504159	PDF
31-12-2003	full format	23-06-2004	2004-31403903	PDF
31-12-2002	full format	24-06-2003	2003-31101409	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	97,122	17,581	252,338	112,996	264,451	1.1m	224,859	119,276	242,746	481,422	396,351	555,123	444,377	876,037	484,378	600,857	304,036	148,969	156,099	164,936
Cash flow	-24,146	-88,212	201,865	131,464	250,294	812,264	211,703	75,656	190,367	312,011	257,137	328,381	287,837	550,889	271,309	391,407	209,946	53,423	95,502	99,056
Investment in fixed assets (approximation)	14,779	2,960	18,376	245,007	1.5m	19,814	0	17,194	7,565	1,608	636,234	7,590	36,614	77,055	203,066	443,553	425,772	1.3m	3,015	57,000
Change in cash	579	-108,215	-	-	-1.3m	756,096	515,150	-38,505	-60,949	-213,931	-149,369	254,636	37,567	207,073	-15,579	-	-	-	-1,487	-
Working capital	-298,025	-188,102	359,381	-528,943	-303,227	152,727	-582,490	-480,092	-413,784	-224,107	-189,373	-471,692	-771,302	-882,426	-1.2m	-1.2m	-982,131	-640,093	-65,574	-246,893
Solvency	8.1%	12.8%	18.2%	18.8%	18.9%	25.8%	23.9%	29.1%	29.8%	35.0%	27.6%	30.9%	29.2%	25.5%	11.2%	5.1%	0.5%	-0.1%	17.3%	13.5%
Current ratio	0.82	0.88	1.30	0.62	0.81	1.08	0.69	0.67	0.71	0.80	0.85	0.68	0.31	0.27	0.07	0.17	0.11	0.11	0.77	0.26
Quick ratio	0.38	0.42	0.68	0.62	0.81	1.08	0.69	0.67	0.71	0.80	0.67	0.68	0.31	0.27	0.07	0.17	0.11	0.11	0.33	0.26
Debt to equity	10.67	6.40	4.23	4.04	4.04	2.66	3.19	2.44	2.36	1.85	2.63	2.24	2.42	2.92	7.91	18.74	-	-	4.77	6.41
ROE	-66.8%	-53.5%	4.3%	-6.2%	-3.0%	67.8%	9.8%	-5.6%	5.8%	14.8%	1.3%	20.5%	20.3%	58.9%	49.4%	199.2%	942.8%	-	29.2%	43.2%
ROA	-5.4%	-6.9%	0.8%	-1.2%	-0.6%	17.5%	2.3%	-1.6%	1.7%	5.2%	0.3%	6.3%	5.9%	15.0%	5.5%	10.1%	4.9%	-8.8%	5.1%	5.8%
Interest coverage	0.92	0.16	3.22	1.66	7.91	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€14,779	€2,960	€18,376	€155,007	€1.5m
Financial fixed assets	€0	-	-	€90,000	€75,000
Depreciation and write-downs of the year	€170,938	€172,491	€169,514	€175,695	€274,778

MASTER CONSULT INTER

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on MASTER CONSULT INTER

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