MESURE (0453.846.370): financials and annual accounts

MESURE

Wingene ·KBO/BCE: BE 0453.846.370

Line	2026	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`	1.7m	2.1m	1.8m	2.0m	2.2m	2.5m	3.0m	2.3m	1.8m	2.0m	784,711	990,051	1.1m	1.3m	1.4m	1.7m	1.7m	2.2m	1.3m	1.4m
Fixed assets`21/28`	1.0m	1.3m	952,339	1.3m	1.4m	1.8m	2.2m	1.5m	1.5m	1.6m	532,848	725,564	882,226	1.1m	1.1m	1.5m	1.5m	1.5m	1.0m	1.2m
Tangible fixed assets`22/27`	1.0m	1.3m	952,339	1.3m	1.4m	1.8m	2.2m	1.5m	1.5m	1.6m	532,848	725,564	882,203	1.1m	1.1m	1.5m	1.5m	1.5m	1.0m	1.2m
Land and buildings`22`	135,253	152,847	126,491	139,794	150,973	164,063	177,590	183,317	171,449	155,738	48,903	54,133	59,500	65,415	54,826	14,021	16,706	20,411	27,175	24,753
Plant, machinery and equipment`23`	200,133	286,979	487,017	660,669	705,301	993,390	1.4m	1.1m	898,945	935,377	239,137	322,858	575,843	825,387	795,951	1.1m	950,669	1.2m	872,942	1.0m
Furniture and vehicles`24`	669,640	817,993	338,831	527,491	533,823	578,977	641,340	251,806	417,070	473,650	244,808	348,573	246,859	227,092	257,817	364,763	494,046	230,317	141,466	108,742
Leasing and similar rights`25`	-	-	-	-	18,714	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	-	-	-	-	-	-	-	-	-	-	-	-	24	24	24	24	-	-	-	-
Current assets`29/58`	647,195	801,801	873,561	674,628	790,009	710,199	771,191	748,939	274,805	413,062	251,863	264,487	257,188	185,530	271,004	277,204	252,053	726,013	248,921	270,979
Stocks and contracts in progress`3`	17,848	19,871	24,840	40,504	29,515	12,111	26,829	19,200	21,906	22,716	21,952	28,050	23,131	2,444	21,943	37,183	14,162	12,792	10,934	3,453
Stocks`30/36`	17,848	19,871	24,840	40,504	29,515	12,111	26,829	19,200	21,906	22,716	21,952	28,050	23,131	2,444	21,943	37,183	14,162	12,792	10,934	3,453
Amounts receivable within one year`40/41`	410,245	110,916	397,144	268,056	426,079	398,110	396,864	489,195	150,201	276,285	226,770	161,137	184,751	132,491	156,791	85,860	141,621	611,351	62,570	124,131
Trade receivables`40`	124,050	110,716	361,186	154,593	201,061	231,223	236,389	374,283	13,787	26,579	99,853	151,039	148,447	93,035	117,523	65,284	68,570	490,281	57,904	41,065
Other amounts receivable`41`	286,195	200	35,957	113,463	225,018	166,887	160,476	114,912	136,414	249,706	126,917	10,098	36,304	39,456	39,268	20,576	73,050	121,071	4,667	83,066
Current investments`50/53`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	130,000
Cash at bank and in hand`54/58`	207,244	657,133	451,577	366,067	334,415	299,978	347,498	240,545	102,698	114,061	3,141	75,301	49,306	50,595	91,564	153,454	96,270	101,870	175,418	13,394
Deferred charges and accrued income`490/1`	11,858	13,881	-	-	-	-	-	-	-	-	-	-	-	-	707	707	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.7m	2.1m	1.8m	2.0m	2.2m	2.5m	3.0m	2.3m	1.8m	2.0m	784,711	990,051	1.1m	1.3m	1.4m	1.7m	1.7m	2.2m	1.3m	1.4m
Equity`10/15`	930,535	1.2m	1.1m	979,077	990,605	1.0m	1.1m	931,814	718,775	712,327	347,439	333,314	322,369	353,740	312,227	243,111	240,685	270,834	218,539	176,822
Contributions`10/11`	49,579	49,579	49,579	49,579	49,579	49,579	-	49,579	49,579	49,579	49,579	49,579	49,579	49,579	49,579	49,579	49,579	49,579	49,579	49,579
Issued capital`100`	-	-	-	-	-	-	-	49,579	49,579	49,579	49,579	49,579	49,579	49,579	49,579	49,579	49,579	49,579	49,579	49,579
Contributions outside capital`11`	-	-	-	-	-	-	49,579	-	-	-	-	-	-	-	-	-	-	-	-	-
Share premium`1100/10`	-	-	-	-	-	-	49,579	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserves`13`	880,956	1.2m	1.1m	929,499	941,027	1.0m	1.0m	882,235	669,197	662,749	297,860	283,736	304,162	304,162	250,468	221,255	221,255	221,255	168,960	127,244
Non-distributable reserves`130/1`	5,000	5,000	5,000	5,000	5,000	5,000	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	-	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000
Reserves not available under the articles`1311`	5,000	5,000	5,000	5,000	5,000	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other`1319`	-	-	-	-	-	-	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	216,934	267,784	77,035	98,007	147,259	210,650	274,041	337,433	197,954	240,372	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	659,023	878,835	997,224	826,492	788,768	784,497	761,896	539,803	466,243	417,376	292,860	278,736	299,162	299,162	245,468	216,255	216,255	216,255	163,960	122,244
Profit (loss) carried forward`14`	0	0	-	-	-	-	-	-	-	-	-	-	-31,372	-	12,181	-27,723	-30,149	-	-	-
Provisions and deferred taxes`16`	54,233	66,946	19,259	24,502	39,171	58,554	77,937	97,319	65,985	80,124	-	-	-	-	-	-	-	-	-	-
Deferred taxes`168`	54,233	66,946	19,259	24,502	39,171	58,554	77,937	97,319	65,985	80,124	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	667,452	791,476	677,805	999,002	1.2m	1.4m	1.8m	1.2m	977,509	1.2m	437,273	656,737	817,046	949,707	1.1m	1.5m	1.5m	1.9m	1.1m	1.3m
Amounts payable after more than one year`17`	56,375	245,733	67,629	356,194	532,450	693,999	1.1m	423,756	399,549	660,915	100,526	248,359	325,148	588,705	655,221	955,024	788,341	708,097	772,897	858,107
Financial debts`170/4`	56,375	245,733	67,629	356,194	532,450	693,999	1.1m	423,756	399,549	660,915	100,526	248,359	325,148	588,705	655,221	955,024	788,341	708,097	772,897	858,107
Amounts payable within one year`42/48`	606,766	544,455	610,175	642,808	636,593	676,935	768,052	806,920	577,960	524,461	336,747	406,754	491,898	361,002	412,174	535,734	684,448	1.2m	299,069	398,559
Current portion of amounts payable after more than one year`42`	189,358	247,271	288,565	436,140	384,327	364,173	465,337	365,032	261,367	293,633	233,944	320,980	263,558	301,691	299,803	393,037	245,966	236,300	218,132	174,237
Financial debts`43`	-	-	-	-	-	-	-	100,000	-	-	-	-	-	-	-	-	-	-	-	-
Credit institutions`430/8`	-	-	-	-	-	-	-	100,000	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	240,909	148,062	118,302	101,021	172,192	251,098	238,054	307,616	297,478	155,918	77,535	60,690	203,470	34,734	96,065	132,985	400,979	916,455	53,501	199,409
Suppliers`440/4`	240,909	148,062	118,302	101,021	172,192	251,098	238,054	307,616	297,478	155,918	77,535	60,690	203,470	34,734	96,065	132,985	400,979	916,455	53,501	199,409
Taxes, remuneration and social security`45`	23,892	12,531	107,440	26,584	14,774	11,614	30,697	14,965	10,679	67,662	10,148	8,991	9,260	11,884	2,590	4,186	6,579	8,269	1,493	2,679
Taxes`450/3`	10,156	4,361	99,812	14,867	5,383	6,941	25,918	9,057	6,213	59,924	1,609	126	2,000	8,132	138	186	572	547	208	-
Remuneration and social security`454/9`	13,736	8,170	7,628	11,717	9,391	4,673	4,780	5,908	4,466	7,738	8,540	8,865	7,260	3,751	2,452	4,000	6,007	7,722	1,285	2,679
Other amounts payable`47/48`	152,606	136,590	95,868	79,063	65,301	50,050	33,964	19,307	8,436	7,248	15,120	16,092	15,610	12,694	13,716	5,526	30,924	40,125	25,943	22,234
Accrued charges and deferred income`492/3`	4,311	1,288	-	-	-	-	-	-	-	-	-	1,624	-	-	-	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	70,716	583,460	164,944	51,516	76,428	-	170,171	172,250	3,200	387,951	-	52,016	-	326,175	3,000	66,460	-	183,280	-	51,627
Gross operating margin`9900`	388,468	897,218	649,642	588,589	575,565	623,801	821,934	584,297	536,841	1.0m	503,681	492,378	473,968	373,558	628,461	517,058	535,531	297,873	452,537	311,435
Remuneration, social security and pensions`62`	129,820	126,590	132,148	109,522	101,778	79,793	82,508	78,021	93,683	113,536	142,940	132,605	98,816	74,113	94,908	111,065	88,989	65,302	59,459	47,705
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	302,046	321,778	319,559	472,337	548,883	587,913	562,273	471,909	439,001	435,021	335,183	384,215	387,450	544,967	429,605	427,980	369,951	315,184	298,310	263,752
Other operating charges`640/8`	1,824	2,421	1,411	3,362	2,424	6,844	2,519	3,695	2,158	23,415	3,151	4,586	3,450	6,574	6,538	5,908	3,998	3,949	6,692	3,554
Non-recurring operating charges`66A`	0	2,428	0	18,714	-	8	-	-	-	-	-	-	-	-	-	-	61,453	750	-	-
Operating profit (loss)`9901`	-45,221	444,001	196,524	-15,346	-77,520	-50,756	174,634	30,672	1,998	464,856	22,406	-29,028	-15,747	-252,096	97,410	-27,895	72,594	-86,562	88,076	-3,576
Financial income`75/76B`	4,957	6,325	4,985	6,433	5,498	4,753	3,702	3,736	6,304	3,035	3,759	2,744	443	1,363	1,492	2,400	1,997	3,585	2,790	1,133
Recurring financial income`75`	4,957	6,325	4,985	6,433	5,498	4,753	3,702	3,736	3,104	3,035	3,759	2,744	443	1,363	1,492	2,400	1,997	3,585	2,790	1,133
Non-recurring financial income`76B`	-	-	-	-	-	-	-	-	3,200	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	19,263	25,867	13,989	13,512	6,055	11,910	13,814	10,051	11,107	8,935	10,628	14,785	16,068	26,295	32,785	38,539	43,286	47,258	49,149	30,230
Recurring financial charges`65`	19,263	25,867	13,989	13,512	6,055	11,910	13,814	10,051	11,107	8,935	10,628	14,785	16,068	26,295	32,785	38,539	43,286	47,258	49,149	30,230
Profit (loss) for the period before taxes`9903`	-59,527	424,459	187,521	-22,425	-78,077	-57,912	164,521	24,357	-2,805	458,955	15,537	10,946	-31,372	49,148	69,116	2,427	-30,149	52,295	41,716	18,953
Transfer from deferred taxes`780`	12,713	12,713	5,243	14,670	19,383	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to deferred taxes`680`	0	60,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes`67/77`	1,755	43,344	43,004	3,772	427	2,260	25,202	7,356	4,887	13,942	1,412	-	-	7,635	-	-	-	-	-	-
Profit (loss) for the period`9904`	-48,569	333,427	149,760	-11,528	-59,121	-40,790	158,702	31,141	6,448	124,516	14,124	10,946	-31,372	41,513	69,116	2,427	-30,149	52,295	41,716	18,953
Transfer from tax-exempt reserves`789`	50,850	50,850	20,973	49,252	63,391	63,391	63,391	42,419	42,419	-	-	-	-	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	0	241,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	2,281	142,678	170,732	37,724	4,270	22,601	222,094	73,560	48,867	124,516	14,124	10,946	-31,372	41,513	69,116	2,427	-30,149	52,295	41,716	18,953
Appropriation of the result
Profit (loss) to be appropriated`9906`	2,281	142,678	170,732	37,724	4,270	22,601	222,094	73,560	48,867	124,516	14,124	-20,426	-31,372	53,694	41,393	-27,723	-30,149	52,295	41,716	18,953
Transfer from equity`791/2`	222,094	261,067	-	-	-	-	-	-	-	-	-	20,426	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	2,281	142,678	170,732	37,724	4,270	22,601	222,094	73,560	48,867	124,516	14,124	-	-	53,694	29,213	-	-	52,295	41,716	18,953
To other reserves`6921`	2,281	142,678	170,732	37,724	4,270	22,601	222,094	73,560	48,867	124,516	14,124	-	-	53,694	29,213	-	-	52,295	41,716	18,953
Profit to be distributed`694/7`	222,094	261,067	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	222,094	261,067	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	2.6	2.8	3.1	2.7	3	2.2	2.4	2.4	2.8	3.8	4	3.9	3.3	2.5	3.2	3.8	3.1	2.7	2.2	1.6
Hours worked`1013`	4,502	4,881	5,260	4,620	4,953	3,944	4,118	4,090	4,780	6,016	7,586	7,276	5,864	4,257	5,620	6,760	5,412	3,638	3,822	2,974
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Financial year	Type	Filed	Reference	Document
31-03-2026	abbreviated format	30-09-2026	2026-00549571	PDF
31-03-2025	abbreviated format	28-11-2025	2025-00575960	PDF
31-03-2024	abbreviated format	31-10-2024	2024-00530353	PDF
31-03-2023	abbreviated format	31-10-2023	2023-00503298	PDF
31-03-2022	abbreviated format	19-09-2022	2022-20431610	PDF
31-03-2021	abbreviated format	30-09-2021	2021-69200141	PDF
31-03-2020	abbreviated format	02-11-2020	2020-67200312	PDF
31-03-2019	abbreviated format	10-10-2019	2019-69800162	PDF
31-03-2018	abbreviated format	26-09-2018	2018-64800595	PDF
31-03-2017	abbreviated format	26-09-2017	2017-62200432	PDF
31-03-2016	abbreviated format	19-09-2016	2016-60000439	PDF
31-03-2015	abbreviated format	18-09-2015	2015-59000285	PDF
31-03-2014	abbreviated format	29-09-2014	2014-60200352	PDF
31-03-2013	abbreviated format	31-10-2013	2013-64500432	PDF
31-03-2012	abbreviated format	28-11-2012	2012-64600402	PDF
31-03-2011	abbreviated format	07-11-2011	2011-60100408	PDF
31-03-2010	abbreviated format	28-09-2010	2010-56100153	PDF
31-03-2009	abbreviated format	26-11-2009	2009-86500215	PDF
31-03-2008	abbreviated format	28-11-2008	2008-83000056	PDF
31-03-2007	abbreviated format	31-10-2007	2007-79300291	PDF
31-03-2006	abbreviated format	18-10-2006	2006-84004228	PDF
31-03-2005	abbreviated format	27-10-2005	2005-83603749	PDF
31-03-2004	abbreviated format	30-11-2004	2004-81803523	PDF
31-03-2003	abbreviated format	29-09-2003	2003-69602388	PDF
31-03-2002	abbreviated format	23-09-2002	2002-57802841	PDF
31-03-2001	abbreviated format	01-10-2001	2001-60205081	PDF
31-03-2000	abbreviated format	28-09-2000	2000-59202089	PDF
31-03-1999	abbreviated format	01-10-1999	1999-51004930	PDF
31-03-1998	abbreviated format	01-10-1998	1998-50403417	PDF
31-03-1997	abbreviated format	30-09-1997	1997-46103057	PDF
31-03-1996	abbreviated format	30-09-1996	1996-45501161	PDF

Year	Entries	Awarded	Paid
2025	1	€210	€210
2024	1	€288	€288
2023	1	€0	€180
2022	1	€360	€180

Line	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	256,825	765,779	516,083	456,991	471,363	537,156	736,907	502,581	440,999	899,877	357,589	355,187	371,703	292,871	527,015	400,085	442,545	228,622	386,386	260,176
Cash flow	253,476	655,205	469,318	460,809	489,762	547,123	720,976	503,050	445,449	559,538	349,307	395,161	356,079	586,480	498,721	430,407	339,802	367,479	340,026	282,705
Investment in fixed assets	68,537	663,225	42,500	410,195	203,250	134,000	1.4m	495,315	363,500	1.5m	142,468	270,061	151,759	624,025	81,559	461,823	377,305	1.0m	177,383	628,836
Change in cash	-449,889	205,556	85,510	31,652	34,437	-47,521	106,953	137,847	-11,363	110,921	-72,160	25,995	-1,289	-40,969	-61,891	57,184	-5,600	-73,547	162,023	-
Working capital	40,429	257,346	263,386	31,820	153,416	33,264	3,139	-57,981	-303,155	-111,399	-84,884	-142,266	-234,710	-175,472	-141,170	-258,529	-432,395	-475,136	-50,148	-127,580
Solvency	56.3%	58.3%	61.8%	48.9%	45.1%	42.3%	36.4%	41.2%	40.8%	36.0%	44.3%	33.7%	28.3%	27.1%	22.6%	14.0%	14.0%	12.4%	16.9%	12.3%
Current ratio	1.07	1.47	1.43	1.05	1.24	1.05	1.00	0.93	0.48	0.79	0.75	0.65	0.52	0.51	0.66	0.52	0.37	0.60	0.83	0.68
Quick ratio	1.04	1.44	1.39	0.99	1.19	1.03	0.97	0.90	0.44	0.74	0.68	0.58	0.48	0.51	0.60	0.45	0.35	0.59	0.80	0.67
Debt to equity	0.72	0.66	0.60	1.02	1.18	1.31	1.67	1.32	1.36	1.66	1.26	1.97	2.53	2.68	3.42	6.13	6.12	7.05	4.91	7.11
ROE	-5.2%	27.8%	13.3%	-1.2%	-6.0%	-3.9%	14.6%	3.3%	0.9%	17.5%	4.1%	3.3%	-9.7%	11.7%	22.1%	1.0%	-12.5%	19.3%	19.1%	10.7%
ROA	-2.9%	16.2%	8.2%	-0.6%	-2.7%	-1.6%	5.3%	1.4%	0.4%	6.3%	1.8%	1.1%	-2.8%	3.2%	5.0%	0.1%	-1.8%	2.4%	3.2%	1.3%
Interest coverage	13.33	29.60	36.89	33.82	77.84	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-03-2026	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Employees at the balance-sheet date	2	3	3	3	3
full-time	2	2	2	3	3
part-time	0	1	1	-	-
in full-time equivalents	2	2.8	2.8	3	3
Average over the year, in full-time equivalents	2.6	2.8	3.1	2.7	3
On a permanent contract	2	3	3	3	3
Joined	0	0	1	2	2
Left	1	0	1	2	1
Training hours	-	0	0	-	-

MESURE

Annual accounts 2026

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency56.3%

Current ratio1.07

Return on assets-2.9%

Staff

Staff cost per FTE€49,931

Joined and left-1

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 4 entries, €858 awarded, €858 paid

Key figures and ratios

Social balance sheet

Investments

Insights on MESURE

Next steps

Item	31-03-2026	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Tangible fixed assets	€68,537	€663,225	€42,500	€410,195	€203,250
Depreciation and write-downs of the year	€302,046	€321,778	€319,559	€472,337	€548,883