MICHEL HACKING (0817.007.739): financials and annual accounts

MICHEL HACKING

Gesves ·KBO/BCE: BE 0817.007.739

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Balance sheet: assets
Total assets`20/58`	275,160	345,354	324,353	294,725	271,166	225,064	194,063	189,283	161,954	210,573	177,129	126,702	134,194	142,093	124,670	91,769
Fixed assets`21/28`	3,012	2,465	-	-	-	996	3,106	6,670	12,408	20,559	30,422	34,852	41,613	43,045	38,267	28,220
Intangible fixed assets`21`	-	-	-	-	-	996	3,106	6,670	12,408	20,559	30,422	34,852	41,586	42,097	36,346	28,070
Tangible fixed assets`22/27`	3,012	2,465	-	-	-	-	-	-	-	-	-	-	27	948	1,921	150
Furniture and vehicles`24`	3,012	2,465	-	-	-	-	-	-	-	-	-	-	27	948	1,921	150
Current assets`29/58`	272,148	342,889	324,353	294,725	271,166	224,068	190,957	182,613	149,546	190,014	146,707	91,850	92,581	99,048	86,403	63,549
Amounts receivable within one year`40/41`	271,130	342,860	324,286	294,040	261,505	224,028	190,540	182,613	149,546	190,014	146,707	91,850	87,085	98,261	85,765	62,473
Trade receivables`40`	2,538	11,548	9,895	6,229	3,038	2,538	2,539	8,867	2,538	6,050	-	-	1,173	2,112	-	10,452
Other amounts receivable`41`	268,591	331,313	314,391	287,811	258,466	221,490	188,001	173,746	147,008	183,964	146,707	91,850	85,912	96,149	85,765	52,021
Cash at bank and in hand`54/58`	989	-	39	660	9,636	15	417	-	-	-	-	-	5,496	787	636	1,076
Deferred charges and accrued income`490/1`	30	29	27	25	25	25	-	-	-	-	-	-	-	-	2	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	275,160	345,354	324,353	294,725	271,166	225,064	194,063	189,283	161,954	210,573	177,129	126,702	134,194	142,093	124,670	91,769
Equity`10/15`	215,925	290,189	273,562	236,044	216,916	170,857	147,903	147,295	125,346	155,653	131,968	87,970	104,245	92,839	66,404	41,621
Contributions`10/11`	6,200	6,200	6,200	6,200	6,200	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	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Reserves`13`	112,960	187,260	171,160	133,960	114,960	69,460	46,760	46,760	24,860	24,860	1,860	1,860	1,860	1,860	1,860	1,860
Non-distributable reserves`130/1`	1,860	1,860	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	1,860	1,860
Reserves not available under the articles`1311`	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	111,100	185,400	169,300	132,100	113,100	69,460	44,900	44,900	23,000	23,000	-	-	-	-	-	-
Profit (loss) carried forward`14`	96,765	96,729	96,202	95,884	95,756	95,197	94,943	94,335	94,286	124,593	123,908	79,910	96,185	84,779	58,344	33,561
Amounts payable`17/49`	59,235	55,165	50,791	58,681	54,250	54,207	46,160	41,988	36,608	54,920	45,161	38,732	29,949	49,254	58,266	50,148
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,371	14,428
Financial debts`170/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,371	14,428
Amounts payable within one year`42/48`	59,235	55,165	50,791	58,681	54,250	54,129	46,082	41,194	35,729	54,289	44,677	38,732	29,949	48,457	51,566	35,719
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	-	-	-	-	-	6,371	8,057	7,583
Financial debts`43`	-	160	-	-	-	-	4,997	4,359	5,533	4,998	2,130	4,993	-	-	-	-
Credit institutions`430/8`	-	160	-	-	-	-	4,997	4,359	5,533	4,998	2,130	4,993	-	-	-	-
Trade debts`44`	3,457	762	1,846	1,106	374	5,340	3,220	4,531	6,762	2,231	6,082	18,818	1,855	1,442	3,827	2,915
Suppliers`440/4`	3,457	762	1,846	1,106	374	5,340	3,220	4,531	6,762	2,231	6,082	18,818	1,855	1,442	3,827	2,915
Taxes, remuneration and social security`45`	50,779	49,243	43,945	52,575	48,876	43,789	32,865	27,304	18,434	47,060	36,465	14,921	28,094	40,644	39,682	25,221
Taxes`450/3`	50,779	49,243	43,945	52,575	48,876	43,789	32,865	27,304	18,434	47,060	36,465	14,921	28,094	-	39,682	25,221
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	-	-	-	-	-	40,644	-	-
Other amounts payable`47/48`	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	-	-	-	-	-	-	-
Accrued charges and deferred income`492/3`	-	-	-	-	-	78	78	794	879	631	484	-	-	797	329	1
Income statement
Gross operating margin`9900`	54,376	43,645	45,649	50,878	73,723	44,019	9,428	41,867	-17,390	57,296	77,898	-8,164	27,393	45,740	44,284	68,599
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	1,108	474	-	-	996	2,110	3,564	5,738	8,151	9,863	14,390	12,923	12,893	11,226	8,871	8,296
Other operating charges`640/8`	247	1,330	549	408	652	1,217	421	440	434	271	272	126	92	1,506	2,039	2,233
Operating profit (loss)`9901`	53,020	41,841	45,100	50,469	72,075	40,692	5,443	35,689	-25,975	47,162	63,236	-21,213	14,408	33,008	33,374	58,070
Financial income`75/76B`	16,262	19,634	15,921	18,829	-	-	-	-	-	-	9,351	7,723	7,583	8,249	5,618	3,795
Recurring financial income`75`	16,262	19,634	15,921	18,829	-	-	-	-	-	-	9,351	7,723	7,583	8,249	5,618	3,795
Financial charges`65/66B`	14,251	1,951	3,409	5,196	2,063	5,760	3,054	4,086	4,016	9,042	3,583	2,785	6,345	3,528	3,076	3,813
Recurring financial charges`65`	14,251	1,951	3,409	5,196	2,063	5,760	3,054	4,086	4,016	9,042	3,583	2,785	6,345	3,528	3,076	3,813
Profit (loss) for the period before taxes`9903`	55,031	59,525	57,613	64,102	70,012	34,932	2,389	31,603	-29,991	38,120	69,004	-16,275	15,646	37,729	35,916	58,052
Income taxes`67/77`	19,096	20,998	20,095	21,974	23,953	11,978	1,781	9,654	316	14,435	25,006	-	4,240	11,294	11,133	22,631
Profit (loss) for the period`9904`	35,936	38,527	37,518	42,129	46,059	22,954	608	21,949	-30,307	23,685	43,998	-16,275	11,406	26,435	24,783	35,421
Profit (loss) for the period to be appropriated`9905`	35,936	38,527	37,518	42,129	46,059	22,954	608	21,949	-30,307	23,685	43,998	-16,275	11,406	26,435	24,783	35,421
Appropriation of the result
Profit (loss) to be appropriated`9906`	132,665	134,729	133,402	137,884	141,256	117,897	94,943	116,235	94,286	147,593	123,908	79,910	96,185	84,779	58,344	35,421
Profit (loss) brought forward from the previous period`14P`	96,729	96,202	95,884	95,756	95,197	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	110,200	21,900	-	23,000	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	35,900	38,000	37,200	42,000	45,500	22,700	-	21,900	-	23,000	-	-	-	-	-	1,860
To the legal reserve`6920`	35,900	38,000	37,200	42,000	45,500	-	-	-	-	-	-	-	-	-	-	1,860
To other reserves`6921`	-	-	-	-	-	22,700	-	21,900	-	23,000	-	-	-	-	-	-
Profit to be distributed`694/7`	110,200	21,900	-	23,000	-	-	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	110,200	21,900	-	23,000	-	-	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	29-08-2026	2026-00458016	PDF
31-12-2024	micro format	22-08-2025	2025-00403428	PDF
31-12-2023	micro format	19-09-2024	2024-00467321	PDF
31-12-2022	micro format	29-09-2023	2023-00464006	PDF
31-12-2021	micro format	30-09-2022	2022-20446469	PDF
31-12-2020	micro format	20-10-2021	2021-72400325	PDF
31-12-2019	micro format	25-10-2020	2020-63100233	PDF
31-12-2018	micro format	30-08-2019	2019-59600456	PDF
31-12-2017	micro format	28-08-2018	2018-52200464	PDF
31-12-2016	micro format	31-08-2017	2017-54500026	PDF
31-12-2015	full format	29-09-2016	2016-62800139	PDF
31-12-2014	full format	06-10-2015	2015-63900405	PDF
31-12-2013	full format	10-10-2014	2014-64500451	PDF
31-12-2012	full format	30-08-2013	2013-52100215	PDF
31-12-2011	full format	29-08-2012	2012-49100458	PDF
31-12-2010	full format	30-08-2011	2011-50000294	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
EBITDA	54,129	42,314	-	-	73,071	42,802	9,007	41,427	-17,824	57,025	77,626	-8,290	27,301	44,234	42,245	66,366
Cash flow	37,044	39,001	-	-	47,055	25,064	4,172	27,687	-22,156	33,548	58,388	-3,352	24,299	37,661	33,654	43,717
Investment in fixed assets (approximation)	1,655	2,938	-	-	0	0	0	0	0	0	9,960	6,162	11,461	16,004	18,918	36,516
Change in cash	-	-	-621	-8,976	9,621	-402	-	-	-	-	-	-	4,709	151	-440	-
Working capital	212,913	287,724	273,562	236,044	216,916	169,939	144,875	141,419	113,817	135,725	102,030	53,118	62,632	50,591	34,837	27,830
Solvency	78.5%	84.0%	84.3%	80.1%	80.0%	75.9%	76.2%	77.8%	77.4%	73.9%	74.5%	69.4%	77.7%	65.3%	53.3%	45.4%
Current ratio	4.59	6.22	6.39	5.02	5.00	4.14	4.14	4.43	4.19	3.50	3.28	2.37	3.09	2.04	1.68	1.78
Debt to equity	0.27	0.19	0.19	0.25	0.25	0.32	0.31	0.29	0.29	0.35	0.34	0.44	0.29	0.53	0.88	1.20
ROE	16.6%	13.3%	13.7%	17.8%	21.2%	13.4%	0.4%	14.9%	-24.2%	15.2%	33.3%	-18.5%	10.9%	28.5%	37.3%	85.1%
ROA	13.1%	11.2%	11.6%	14.3%	17.0%	10.2%	0.3%	11.6%	-18.7%	11.2%	24.8%	-12.8%	8.5%	18.6%	19.9%	38.6%
Interest coverage	3.80	21.69	-	-	35.42	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€1,655	€2,938	-	-	-
Depreciation and write-downs of the year	€1,108	€474	-	-	€996

MICHEL HACKING

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cash

Position in the sector

Solvency78.5%

Current ratio4.59

Return on assets13.1%

Filed annual accounts

Filings

Key figures and ratios

Investments

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