Monev (0403.523.562): financials and annual accounts

Monev

Brussels ·KBO/BCE: BE 0403.523.562

Line	2025	2024	2023	2022	2021	2020	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	124,637	1.9m	2.2m	2.9m	3.3m	1.8m	1.4m	2.0m	2.3m	2.4m	2.6m	2.8m	2.7m	3.0m	3.1m	3.0m	4.0m	4.4m	4.2m
Fixed assets`21/28`	-	-	153,232	219,525	256,068	322,182	435,719	498,424	820,540	854,575	960,062	1.0m	987,392	1.1m	1.1m	1.3m	1.4m	1.8m	2.0m
Tangible fixed assets`22/27`	-	-	18,892	85,185	147,728	213,842	327,379	390,084	704,952	739,122	844,609	884,956	854,835	970,967	1.1m	1.2m	1.3m	1.8m	1.9m
Plant, machinery and equipment`23`	-	-	17,375	81,544	144,676	207,855	309,484	360,389	421,608	483,857	544,488	604,916	668,546	722,464	787,080	853,599	920,175	986,170	1.0m
Furniture and vehicles`24`	-	-	1,517	3,641	3,052	5,987	17,895	29,695	283,344	255,265	300,121	280,040	186,289	248,503	290,188	362,586	406,673	799,132	923,896
Financial fixed assets`28`	-	-	134,340	134,340	108,340	108,340	108,340	108,340	115,588	115,453	115,453	132,557	132,557	132,557	56,305	56,528	56,528	56,528	56,528
Current assets`29/58`	124,637	1.9m	2.0m	2.7m	3.1m	1.4m	923,544	1.5m	1.4m	1.6m	1.7m	1.8m	1.7m	1.9m	1.9m	1.8m	2.6m	2.6m	2.2m
Stocks and contracts in progress`3`	-	-	-	-	6,299	6,299	6,299	6,299	6,299	4,638	4,638	4,638	4,638	4,638	4,638	4,638	4,638	4,638	4,638
Stocks`30/36`	-	-	-	-	6,299	6,299	6,299	6,299	6,299	4,638	4,638	4,638	4,638	4,638	4,638	4,638	4,638	4,638	4,638
Amounts receivable within one year`40/41`	105,539	1.9m	2.0m	2.6m	3.0m	1.4m	785,832	1.5m	1.4m	1.5m	1.6m	1.7m	1.7m	1.8m	1.9m	1.7m	2.5m	2.5m	1.9m
Trade receivables`40`	-	-	86,664	81,050	637,146	964,284	703,019	1.4m	1.4m	1.5m	1.6m	1.7m	1.6m	1.8m	1.8m	1.6m	1.8m	1.7m	1.2m
Other amounts receivable`41`	105,539	1.9m	1.9m	2.5m	2.4m	399,552	82,813	34,227	32,514	28,003	30,730	27,205	27,203	42,365	34,504	103,798	731,908	782,963	683,560
Cash at bank and in hand`54/58`	15,257	21,983	2,966	99,856	64,202	54,112	104,183	47,472	22,103	20,988	24,845	-	-	17,031	14,818	-	4,387	26,829	267,114
Deferred charges and accrued income`490/1`	3,841	4,062	7,180	5,830	7,332	5,970	27,230	15,705	18,156	14,262	14,934	21,883	23,129	22,251	51,651	33,459	35,238	23,717	19,507
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	124,637	1.9m	2.2m	2.9m	3.3m	1.8m	1.4m	2.0m	2.3m	2.4m	2.6m	2.8m	2.7m	3.0m	3.1m	3.0m	4.0m	4.4m	4.2m
Equity`10/15`	122,391	-1.8m	-2.2m	-2.1m	-1.8m	-889,748	-631,445	-472,079	-189,824	-94,817	15,965	126,276	129,632	254,055	223,765	186,391	328,682	6,717	152,797
Contributions`10/11`	2.0m	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
Capital`10`	2.0m	62,000	62,000	62,000	62,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	2.0m	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
Reserves`13`	8,679	8,679	8,679	8,679	8,679	758,679	758,679	758,679	758,679	758,679	758,679	758,679	758,679	758,679	758,679	758,679	516,861	8,679	8,679
Non-distributable reserves`130/1`	6,200	6,200	6,200	6,200	6,200	756,200	750,000	750,000	750,000	750,000	750,000	750,000	750,000	750,000	750,000	750,000	508,182	-	-
Legal reserve`130`	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	6,200	6,200	6,200
Other`1319`	-	-	-	-	-	750,000	750,000	750,000	750,000	750,000	750,000	750,000	750,000	750,000	750,000	750,000	508,182	-	-
Distributable reserves`133`	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479
Profit (loss) carried forward`14`	-1.9m	-1.8m	-2.2m	-2.2m	-1.8m	-1.7m	-1.5m	-1.3m	-1.0m	-915,496	-804,714	-694,403	-691,047	-566,624	-596,914	-634,288	-250,179	-63,962	82,118
Amounts payable`17/49`	2,246	3.7m	4.4m	5.0m	5.1m	2.6m	2.0m	2.5m	2.5m	2.5m	2.6m	2.7m	2.6m	2.7m	2.8m	2.9m	3.6m	4.4m	4.1m
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	508,182	508,182
Financial debts`170/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	508,182	508,182
Amounts payable within one year`42/48`	2,229	3.7m	4.4m	5.0m	5.0m	2.6m	1.9m	2.4m	2.3m	2.4m	2.5m	2.6m	2.5m	2.6m	2.7m	2.7m	3.6m	3.8m	3.5m
Financial debts`43`	-	-	-	-	-	-	1.1m	1.2m	1.1m	1.1m	1.1m	1.4m	1.5m	1.4m	1.4m	1.7m	3.1m	3.5m	3.1m
Credit institutions`430/8`	-	-	-	-	-	-	1.1m	1.2m	1.1m	1.1m	1.1m	1.4m	1.5m	1.4m	1.4m	1.7m	3.1m	3.5m	3.1m
Trade debts`44`	34	31	17,937	34,948	35,210	11,806	6,865	444,961	416,381	461,059	481,189	533,259	370,640	371,818	328,409	383,274	331,731	288,770	425,110
Suppliers`440/4`	34	31	17,937	34,948	35,210	11,806	6,865	444,961	416,381	461,059	481,189	533,259	370,640	371,818	328,409	383,274	331,731	288,770	425,110
Taxes, remuneration and social security`45`	-	-	10,957	12,497	41,171	37,680	39,214	33,023	33,290	26,317	36,283	36,994	47,037	72,153	78,169	155,050	87,754	79,185	38,286
Taxes`450/3`	-	-	1,039	1,945	8,924	15,948	9,637	8,148	10,318	4,495	14,515	9,278	14,522	39,658	44,117	155,050	51,297	51,119	9,168
Remuneration and social security`454/9`	-	-	9,918	10,552	32,247	21,732	29,577	24,875	22,972	21,822	21,768	27,716	32,515	32,495	34,052	-	36,457	28,066	29,118
Other amounts payable`47/48`	2,195	3.7m	4.3m	4.9m	5.0m	2.6m	781,718	671,066	739,440	767,715	884,234	621,361	596,318	838,839	868,427	523,539	-	-	-
Accrued charges and deferred income`492/3`	17	-	33	65	33,693	30,510	63,674	122,594	127,307	115,254	110,513	94,928	59,042	105,815	145,199	137,507	85,806	75,392	21,861
Income statement
Turnover`70`	-	-	-	-	-	169,980	-	-	-	-	-	-	-	-	-	-	2.0m	2.6m	2.3m
Non-recurring operating income`76A`	-	-	-	-	-	1,360	8,504	4,861	3,976	2,467	32,204	8,403	1,681	2,774	3,924	5,068	5,367	19,872	65,714
Gross operating margin`9900`	-6,317	153,293	93,915	278,572	164,509	-46,646	159,819	313,144	339,465	338,156	333,498	436,272	350,321	579,285	633,908	446,448	719,484	901,970	813,817
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	188,825	-	-	-	-	-	-	-	-	-	-	1.3m	1.7m	1.5m
Remuneration, social security and pensions`62`	3,497	29,149	81,968	117,466	186,875	148,158	232,236	227,627	206,121	195,128	196,993	203,535	212,135	221,958	229,053	259,658	238,220	245,451	259,711
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	66,293	65,128	66,114	65,875	75,670	75,095	222,510	244,934	230,281	201,668	215,119	247,428	281,567	412,972	553,410	639,898	515,307
Other operating charges`640/8`	1,889	1,581	21,869	437,541	20,596	10,574	9,896	273,114	7,398	6,131	6,256	6,171	7,024	10,527	4,042	1,927	1,825	2,099	2,308
Non-recurring operating charges`66A`	-	-	-	-	-	5,869	496	-	-	-	151	-	322	1,013	-	-	9	2,738	-
Operating profit (loss)`9901`	-11,703	122,563	-76,215	-341,563	-109,076	-277,122	-157,983	-262,692	-96,564	-108,037	-100,032	24,898	-83,957	99,372	119,246	-228,109	-73,971	14,522	36,491
Financial income`75/76B`	13	269,399	3	-	-	6	888	6,883	6,575	813	1,690	1,023	6,069	3,580	28,636	3,073	15,000	6,861	2,377
Recurring financial income`75`	13	269,399	3	-	-	6	888	2,022	2,599	813	1,690	1,023	6,069	3,580	28,636	3,073	15,000	6,861	2,377
Non-recurring financial income`76B`	-	-	-	-	-	-	-	4,861	3,976	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	636	2,024	1,589	1,173	1,407	1,049	2,271	26,446	5,018	6,029	44,018	37,680	47,900	74,429	114,409	164,160	132,667	184,580	138,013
Recurring financial charges`65`	636	2,024	1,589	1,173	1,407	1,049	1,775	26,446	5,018	6,029	44,018	37,680	47,900	74,429	114,409	164,160	132,667	184,580	138,013
Non-recurring financial charges`66B`	-	-	-	-	-	-	496	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	-12,326	389,938	-77,801	-342,736	-110,483	-278,165	-159,366	-282,255	-95,007	-110,786	-110,307	-3,356	-124,429	30,284	37,397	-384,128	-186,280	-146,063	-33,431
Income taxes`67/77`	-	-	-	-9,413	366	-	-	-	-	-4	4	-	-6	-6	23	-19	-63	17	-22
Profit (loss) for the period`9904`	-12,326	389,938	-77,801	-333,323	-110,849	-278,165	-159,366	-282,255	-95,007	-110,782	-110,311	-3,356	-124,423	30,290	37,374	-384,109	-186,217	-146,080	-33,409
Profit (loss) for the period to be appropriated`9905`	-12,326	389,938	-77,801	-333,323	-110,849	-278,165	-159,366	-282,255	-95,007	-110,782	-110,311	-3,356	-124,423	30,290	37,374	-384,109	-186,217	-146,080	-33,409
Appropriation of the result
Profit (loss) to be appropriated`9906`	-1.9m	-1.8m	-2.2m	-2.2m	-1.8m	-1.7m	-1.5m	-1.3m	-1.0m	-915,496	-804,714	-694,403	-691,047	-566,624	-596,914	-634,288	-250,179	-63,962	82,118
Profit (loss) brought forward from the previous period`14P`	-1.8m	-2.2m	-2.2m	-1.8m	-1.7m	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	2	4.1	5.5	7.5	7.5	7.5	7	6.6	6.6	6.6	7.8	7.8	7.8	8.5	7.5	7.8	8
Hours worked`1013`	-	-	2,300	4,857	7,799	-	10,841	10,841	9,968	9,369	9,369	9,369	10,856	10,856	11,256	12,870	12,112	12,455	13,100
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Financial year	Type	Filed	Reference	Document
31-12-2025	full format	22-05-2026	2026-00119449	PDF
31-12-2024	full format	29-08-2025	2025-00476064	PDF
31-12-2023	full format	30-08-2024	2024-00427202	PDF
31-12-2022	full format	07-08-2023	2023-00315639	PDF
31-12-2021	full format	31-08-2022	2022-20410454	PDF
31-12-2020	full format	30-09-2021	2021-70100447	PDF
31-12-2018	full format	30-08-2019	2019-57700023	PDF
31-12-2017	full format	23-08-2018	2018-49200101	PDF
31-12-2016	full format	25-08-2017	2017-47800054	PDF
31-12-2015	full format	25-08-2016	2016-47600036	PDF
31-12-2014	full format	27-08-2015	2015-49600597	PDF
31-12-2013	full format	26-08-2014	2014-48800244	PDF
31-12-2012	full format	30-08-2013	2013-52600136	PDF
31-12-2011	full format	31-08-2012	2012-53200136	PDF
31-12-2010	full format	31-08-2011	2011-53600226	PDF
31-12-2009	full format	29-09-2010	2010-56700564	PDF
31-12-2008	full format	15-07-2009	2009-41100156	PDF
31-12-2007	full format	23-07-2008	2008-43800276	PDF
31-12-2006	full format	10-09-2007	2007-71600365	PDF
31-12-2005	abbreviated format	29-06-2006	2006-35501097	PDF
31-12-2004	abbreviated format	29-07-2005	2005-60202754	PDF
31-12-2003	abbreviated format	06-08-2004	2004-58702614	PDF
31-12-2002	full format	28-07-2003	2003-51702522	PDF
31-12-2001	abbreviated format	16-09-2002	2002-56001102	PDF
31-12-2000	abbreviated format	01-08-2001	2001-46802625	PDF
31-12-1999	abbreviated format	22-09-2000	2000-58200001	PDF
31-12-1998	abbreviated format	31-08-1999	1999-43502255	PDF
31-12-1997	abbreviated format	29-03-1999	1999-06200691	PDF
31-12-1996	abbreviated format	20-11-1997	1997-53703939	PDF
31-12-1995	abbreviated format	17-10-1996	1996-48202672	PDF
31-12-1994	abbreviated format	08-06-1995	1995-12605150	PDF
31-12-1993	abbreviated format	10-02-1995	1995-02302243	PDF
31-12-1992	abbreviated format	19-07-1993	1993-27203269	PDF
31-12-1991	abbreviated format	17-06-1992	1992-12101291	PDF
31-12-1990	abbreviated format	08-01-1992	1992-00401706	PDF
31-12-1989	abbreviated format	02-07-1990	1990-13804587	PDF
31-12-1988	abbreviated format	26-05-1989	1989-05202222	PDF
31-12-1987	abbreviated format	09-06-1988	1988-07003471	PDF
31-12-1986	full format	14-07-1987	1987-17201794	PDF
31-12-1985	full format	15-07-1986	1986-28902256	PDF
31-12-1984	full format	26-07-1985	1985-27400338	PDF
31-12-1982	unclassified schema	26-07-1983	1983-10202216	PDF
31-12-1981	unclassified schema	26-05-1982	1982-03501019	PDF
31-12-1980	unclassified schema	02-06-1981	1981-04002101	PDF
31-12-1979	unclassified schema	06-06-1980	1980-04501431	PDF
31-12-1978	unclassified schema	15-06-1979	1979-05501498	PDF
31-12-1977	unclassified schema	21-12-1978	1978-09002187	PDF
31-12-1976	unclassified schema	21-12-1978	1978-09002231	PDF

Line	2025	2024	2023	2022	2021	2020	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-	-	-9,922	-276,435	-42,962	-211,247	-82,313	-187,597	125,946	136,897	130,249	226,566	131,162	346,800	400,813	184,863	479,439	654,420	551,798
Cash flow	-	-	-11,508	-268,195	-44,735	-212,290	-83,696	-207,160	127,503	134,152	119,970	198,312	90,696	277,718	318,941	28,863	367,193	493,818	481,898
Investment in fixed assets (approximation)	-	-	0	28,585	0	461	12,965	20,453	188,475	152,137	189,934	231,789	98,987	217,627	144,717	302,309	94,956	479,837	580,530
Change in cash	-6,726	19,017	-96,890	35,654	10,090	-	56,711	25,369	1,115	-3,857	-	-	-	2,213	-	-	-22,442	-240,285	-
Working capital	122,408	-1.8m	-2.3m	-2.3m	-2.0m	-1.2m	-1.0m	-847,909	-883,057	-834,138	-833,584	-796,309	-798,718	-743,654	-764,609	-948,815	-968,888	-1.3m	-1.3m
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3.7%	0.5%	1.6%
Solvency	98.2%	-92.5%	-98.5%	-71.9%	-52.7%	-50.8%	-46.5%	-23.3%	-8.4%	-3.9%	0.6%	4.5%	4.8%	8.5%	7.3%	6.1%	8.3%	0.2%	3.6%
Current ratio	55.92	0.52	0.47	0.54	0.61	0.55	0.48	0.64	0.62	0.65	0.67	0.69	0.68	0.72	0.72	0.65	0.73	0.67	0.63
Quick ratio	55.92	0.52	0.47	0.54	0.61	0.55	0.48	0.64	0.62	0.65	0.67	0.69	0.68	0.72	0.72	0.65	0.73	0.67	0.62
Debt to equity	0.02	-	-	-	-	-	-	-	-	-	-	21.07	19.74	10.79	12.72	15.30	11.08	-	26.59
ROE	-10.1%	-	-	-	-	-	-	-	-	-	-691.0%	-2.7%	-96.0%	11.9%	16.7%	-206.1%	-56.7%	-	-21.9%
ROA	-9.9%	20.4%	-3.5%	-11.5%	-3.3%	-15.9%	-11.7%	-13.9%	-4.2%	-4.6%	-4.2%	-0.1%	-4.6%	1.0%	1.2%	-12.6%	-4.7%	-3.3%	-0.8%
Interest coverage	-	-	-6.24	-235.66	-30.53	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	2071 days	-	-	-	-	-	-	-	-	-	-	328 days	239 days	193 days
Supplier credit	-	-	-	-	-	23 days	-	-	-	-	-	-	-	-	-	-	92 days	61 days	102 days

Item	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	1	4	6
full-time	1	2	4
part-time	-	2	2
in full-time equivalents	1	3.5	5.5
Average over the year, in full-time equivalents	1.9	4.1	5.5
On a permanent contract	1	4	6
Joined	0	0	-
Left	1	2	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	-	€2,585	-
Financial fixed assets	-	-	-	€26,000	-
Depreciation and write-downs of the year	-	-	€66,293	€65,128	€66,114

Monev

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin euro

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on Monev

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