MICROFLUO (0536.455.134): financials and annual accounts

MICROFLUO

Seraing ·KBO/BCE: BE 0536.455.134

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Balance sheet: assets
Total assets`20/58`	2.0m	1.9m	2.0m	1.7m	1.5m	1.2m	875,386	614,825	492,018	303,105	209,283	116,552
Fixed assets`21/28`	412,501	368,138	48,454	49,002	19,940	31,324	58,420	37,631	36,268	22,533	5,526	8,876
Tangible fixed assets`22/27`	78,291	33,928	44,244	44,992	15,930	27,314	54,410	33,621	36,008	22,273	5,266	8,616
Land and buildings`22`	2,341	2,294	2,996	3,697	4,399	3,258	3,789	4,321	1,852	2,084	-	-
Plant, machinery and equipment`23`	28,820	26,315	29,918	34,412	9,918	14,006	19,745	21,028	9,776	-	-	-
Furniture and vehicles`24`	9,003	5,318	11,330	6,883	1,613	10,050	30,877	8,273	24,380	20,189	5,266	8,616
Other tangible fixed assets`26`	38,127	-	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	334,210	334,210	4,210	4,010	4,010	4,010	4,010	4,010	260	260	260	260
Current assets`29/58`	1.6m	1.5m	1.9m	1.7m	1.5m	1.1m	816,965	577,193	455,751	280,572	203,757	107,677
Stocks and contracts in progress`3`	633,142	658,472	720,540	753,240	712,792	574,572	438,035	349,292	274,332	224,626	158,779	86,243
Stocks`30/36`	633,142	658,472	720,540	753,240	712,792	574,572	438,035	349,292	274,332	224,626	158,779	86,243
Amounts receivable within one year`40/41`	873,100	571,438	596,994	321,866	170,920	48,490	136,017	32,482	1,583	1,178	1,883	941
Trade receivables`40`	302,557	198,645	522,585	219,708	140,361	27,325	104,710	8,915	1,562	392	1,390	477
Other amounts receivable`41`	570,543	372,794	74,410	102,159	30,559	21,165	31,307	23,567	21	786	494	464
Current investments`50/53`	-	0	400,000	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	52,331	264,958	222,614	589,846	597,952	493,981	238,985	184,950	172,932	50,962	42,799	20,277
Deferred charges and accrued income`490/1`	624	1,215	5,842	5,965	11,621	20,735	3,927	10,470	6,904	3,807	296	216
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	2.0m	1.9m	2.0m	1.7m	1.5m	1.2m	875,386	614,825	492,018	303,105	209,283	116,552
Equity`10/15`	1.8m	1.8m	1.7m	1.4m	1.2m	817,432	651,472	411,613	358,358	200,270	100,484	80,243
Contributions`10/11`	42,500	42,500	42,500	42,500	42,500	42,500	42,500	42,500	42,500	42,500	42,500	42,500
Issued capital`100`	-	-	-	-	-	-	42,500	42,500	42,500	42,500	42,500	42,500
Reserves`13`	1.7m	1.8m	1.6m	1.3m	1.1m	774,250	604,250	354,250	254,250	154,250	4,250	1,887
Non-distributable reserves`130/1`	4,250	4,250	4,250	4,250	4,250	4,250	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	4,250	4,250	4,250	4,250	4,250	1,887
Reserves not available under the articles`1311`	4,250	4,250	4,250	4,250	4,250	4,250	-	-	-	-	-	-
Distributable reserves`133`	1.7m	1.8m	1.6m	1.3m	1.1m	770,000	600,000	350,000	250,000	150,000	-	-
Profit (loss) carried forward`14`	3,496	7,665	4,961	2,112	2,723	682	4,722	14,863	61,608	3,520	53,734	35,856
Amounts payable`17/49`	181,453	59,805	302,733	331,057	343,752	351,669	223,913	203,212	133,661	102,836	108,799	36,309
Amounts payable within one year`42/48`	163,309	59,554	302,646	331,049	342,752	350,825	222,963	203,190	133,657	102,834	108,799	36,309
Financial debts`43`	-	0	339	-	833	1,362	875	766	-	-	-	-
Credit institutions`430/8`	-	0	339	-	833	1,362	875	766	-	-	-	-
Trade debts`44`	110,061	12,374	249,074	23,646	10,058	23,510	640	14,672	6,925	6,017	14,971	5,756
Suppliers`440/4`	110,061	12,374	249,074	23,646	10,058	23,510	640	14,672	6,925	6,017	14,971	5,756
Advances received on contracts in progress`46`	-	-	-	-	-	1,189	-	-	104	-	-	-
Taxes, remuneration and social security`45`	50,759	38,790	45,089	92,945	44,698	39,049	95,123	42,782	119,014	80,670	45,045	23,921
Taxes`450/3`	23,815	13,784	13,991	46,234	9,738	26,001	83,728	30,480	103,426	73,563	43,005	20,242
Remuneration and social security`454/9`	26,945	25,006	31,098	46,711	34,960	13,048	11,395	12,302	15,588	7,107	2,040	3,679
Other amounts payable`47/48`	2,489	8,390	8,144	214,458	287,164	285,715	126,325	144,969	7,614	16,146	48,783	6,633
Accrued charges and deferred income`492/3`	18,145	251	87	8	1,000	843	950	21	3	2	-	-
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	8,705	-	-	-	-	-
Gross operating margin`9900`	226,340	356,923	688,839	905,552	1.1m	773,791	690,923	382,139	323,594	214,681	103,674	83,650
Remuneration, social security and pensions`62`	223,384	198,228	267,972	311,129	247,673	147,421	139,894	91,929	51,244	39,313	22,600	19,858
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	11,442	10,316	11,492	8,561	11,772	12,576	27,880	17,698	18,123	13,017	6,420	8,614
Other operating charges`640/8`	2,299	1,734	2,416	2,828	2,426	11,182	2,689	3,534	2,840	3,591	1,647	1,651
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	1,401	-	-	-	-
Operating profit (loss)`9901`	-10,785	146,645	406,959	583,033	856,635	602,613	520,459	267,578	251,387	158,760	73,008	53,527
Financial income`75/76B`	2,406	7,675	1,680	252	558	1,133	514	1,327	553	313	617	749
Recurring financial income`75`	2,406	7,675	1,680	252	558	1,133	514	1,327	553	313	617	749
Financial charges`65/66B`	5,627	7,540	7,604	8,206	9,698	5,089	5,765	3,302	1,146	2,133	992	1,184
Recurring financial charges`65`	5,627	7,540	7,604	8,206	9,698	5,089	5,765	3,302	1,146	2,133	992	1,184
Profit (loss) for the period before taxes`9903`	-14,005	146,780	401,036	575,079	847,494	598,656	515,209	265,603	250,795	156,940	72,633	53,092
Income taxes`67/77`	165	34,076	98,188	141,403	209,738	146,981	150,350	72,348	87,394	51,842	24,994	15,349
Profit (loss) for the period`9904`	-14,170	112,704	302,849	433,675	637,756	451,675	364,859	193,255	163,401	105,098	47,639	37,743
Profit (loss) for the period to be appropriated`9905`	-14,170	112,704	302,849	433,675	637,756	451,675	364,859	193,255	163,401	105,098	47,639	37,743
Appropriation of the result
Profit (loss) to be appropriated`9906`	-6,504	117,665	304,961	436,399	638,438	456,397	379,722	254,863	166,920	158,832	83,494	37,743
Profit (loss) brought forward from the previous period`14P`	7,665	4,961	2,112	2,723	682	-	-	-	-	-	-	-
Transfer from equity`791/2`	10,000	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	0	110,000	300,000	220,000	350,000	170,000	250,000	100,000	100,000	150,000	2,363	1,887
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	2,363	1,887
To other reserves`6921`	0	110,000	300,000	220,000	350,000	170,000	250,000	100,000	100,000	150,000	-	-
Profit to be distributed`694/7`	-	-	-	214,286	285,715	285,715	125,000	140,000	5,313	5,313	27,397	-
Return on contributions (dividend)`694`	-	-	-	214,286	285,715	285,715	125,000	140,000	5,313	5,313	27,397	-
Social balance sheet
Average staff (FTE)`9087`	7.2	6.6	6.9	7.5	7.4	6	4.7	3.6	2.2	1.7	1	1
Hours worked`1013`	9,444	8,664	11,203	12,676	12,719	8,010	8,238	6,452	3,833	3,080	1,452	1,459
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	13-07-2026	2026-00285173	PDF
31-12-2024	full format	09-12-2025	2025-00580604	PDF
31-12-2023	full format	29-08-2024	2024-00388842	PDF
31-12-2022	full format	30-08-2023	2023-00378932	PDF
31-12-2021	full format	31-08-2022	2022-20363873	PDF
31-12-2020	full format	03-08-2021	2021-45400090	PDF
31-12-2019	full format	27-08-2020	2020-46000464	PDF
31-12-2018	full format	27-08-2019	2019-52400154	PDF
31-12-2017	full format	09-08-2018	2018-44400483	PDF
31-12-2016	full format	23-08-2017	2017-46700248	PDF
31-12-2015	full format	31-08-2016	2016-53400056	PDF
31-12-2014	full format	21-09-2015	2015-59100452	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
EBITDA	657	156,961	418,452	591,594	868,407	615,189	548,340	285,276	269,510	171,777	79,427	62,141
Cash flow	-2,728	123,020	314,341	442,236	649,528	464,251	392,739	210,953	181,524	118,115	54,058	46,357
Investment in fixed assets	55,805	330,000	10,944	37,623	5,117	6,581	48,669	22,850	31,858	30,024	3,070	17,490
Change in cash	-212,626	42,344	-367,232	-8,105	103,971	254,995	54,036	12,017	121,970	8,164	22,522	-
Working capital	1.4m	1.4m	1.6m	1.3m	1.2m	786,952	594,002	374,003	322,094	177,739	94,958	71,367
Solvency	90.8%	96.8%	84.8%	80.8%	77.3%	69.9%	74.4%	66.9%	72.8%	66.1%	48.0%	68.8%
Current ratio	9.55	25.12	6.43	5.05	4.36	3.24	3.66	2.84	3.41	2.73	1.87	2.97
Quick ratio	5.67	14.06	4.05	2.77	2.28	1.61	1.70	1.12	1.36	0.54	0.41	0.59
Debt to equity	0.10	0.03	0.18	0.24	0.29	0.43	0.34	0.49	0.37	0.51	1.08	0.45
ROE	-0.8%	6.2%	17.9%	31.2%	54.5%	55.3%	56.0%	47.0%	45.6%	52.5%	47.4%	47.0%
ROA	-0.7%	6.0%	15.2%	25.2%	42.1%	38.6%	41.7%	31.4%	33.2%	34.7%	22.8%	32.4%
Interest coverage	0.12	20.82	55.03	72.09	89.54	-	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	9	8	7	9	8
full-time	5	5	5	5	6
part-time	4	3	2	4	2
in full-time equivalents	7.1	6.7	6.5	7.5	7.1
Average over the year, in full-time equivalents	7.2	6.6	6.9	7.5	7.4
On a permanent contract	6	6	6	7	7
Joined	5	2	0	1	5
Left	0	1	2	0	4
Training hours	-	-	8	8	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€55,805	-	€10,744	€37,623	€5,117
Financial fixed assets	€0	€330,000	€200	-	-
Depreciation and write-downs of the year	€11,442	€10,316	€11,492	€8,561	€11,772

MICROFLUO

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency90.8%

Current ratio9.55

Return on assets-0.7%

Staff

Staff cost per FTE€31,026

Joined and left+5

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on MICROFLUO

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