The Rising Castle (0478.804.767): financials and annual accounts

The Rising Castle

Aalst ·KBO/BCE: BE 0478.804.767

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`	151,604	146,389	137,051	160,773	145,890	98,025	98,684	79,094	83,264	74,540	72,479	74,482	67,569	45,947	46,954	74,124	47,220	34,982	29,330	14,596
Formation expenses`20`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	125
Fixed assets`21/28`	78,437	62,190	48,152	48,908	17,135	11,617	11,193	6,681	7,670	6,194	6,268	6,240	8,773	11,401	20,826	28,006	26,308	7,468	5,588	4,109
Tangible fixed assets`22/27`	78,437	62,190	48,152	48,908	17,135	11,617	11,193	6,681	7,670	6,194	6,268	6,240	8,773	11,401	20,826	28,006	26,308	7,468	5,588	3,984
Land and buildings`22`	40,616	30,530	26,588	23,533	764	942	1,120	722	843	963	1,083	-	-	-	-	-	-	-	-	-
Plant, machinery and equipment`23`	16,163	7,290	6,101	6,632	2,047	1,075	619	901	1,182	2,170	3,157	3,741	5,906	3,722	6,478	6,605	1,281	1,762	193	555
Furniture and vehicles`24`	21,658	24,370	15,463	18,744	14,324	9,600	9,454	4,939	5,250	2,390	1,080	1,209	364	5,610	11,073	16,559	22,224	2,115	1,196	1,511
Other tangible fixed assets`26`	-	-	-	-	-	-	-	119	395	672	948	1,290	2,503	2,069	3,275	4,841	2,803	3,591	4,200	1,918
Current assets`29/58`	73,166	84,199	88,899	111,864	128,754	86,408	87,491	72,413	75,594	68,346	66,212	68,241	58,796	34,546	26,128	46,118	20,912	27,514	23,741	10,487
Stocks and contracts in progress`3`	-	-	-	-	-	-	-	-	3,318	2,709	2,913	3,783	2,948	2,745	-	-	-	-	-	-
Stocks`30/36`	-	-	-	-	-	-	-	-	3,318	2,709	2,913	3,783	2,948	2,745	-	-	-	-	-	-
Amounts receivable within one year`40/41`	7,427	16,529	24,386	9,660	2,107	1,293	12,110	10,326	10,153	3,970	6,559	23,989	21,348	17,817	15,194	28,071	18,141	18,945	19,753	394
Trade receivables`40`	7,396	16,523	23,936	9,430	1,907	1,288	12,108	7,262	6,499	3,970	6,559	13,484	10,845	7,895	3,065	16,651	6,071	8,375	7,353	394
Other amounts receivable`41`	31	6	450	229	200	5	2	3,064	3,653	-	-	10,504	10,504	9,922	12,129	11,420	12,070	10,570	12,400	-
Cash at bank and in hand`54/58`	63,295	67,379	61,870	100,626	125,295	84,904	75,177	61,167	62,124	61,668	56,519	40,284	33,833	13,624	10,551	17,205	2,771	8,569	3,988	10,093
Deferred charges and accrued income`490/1`	2,445	291	2,642	1,579	1,353	211	204	919	-	-	221	186	666	359	383	842	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	151,604	146,389	137,051	160,773	145,890	98,025	98,684	79,094	83,264	74,540	72,479	74,482	67,569	45,947	46,954	74,124	47,220	34,982	29,330	14,596
Equity`10/15`	75,699	62,581	43,462	103,894	84,358	74,025	75,003	62,993	62,215	53,324	43,040	37,844	32,181	9,069	13,324	26,679	11,735	19,176	14,979	6,219
Contributions`10/11`	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	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	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,400
Reserves`13`	75,699	62,581	43,462	48,271	28,735	28,735	28,735	16,725	15,947	7,056	7,056	1,860	1,860	1,860	1,860	1,860	576	576	-	-
Non-distributable reserves`130/1`	-	-	-	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	576	576	-	-
Reserves not available under the articles`1311`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	75,699	62,581	43,462	46,411	26,875	26,875	26,875	14,865	14,087	5,196	5,196	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	-	-	-	37,023	37,023	26,690	27,668	27,668	27,668	27,668	17,384	17,384	11,721	-11,391	-7,136	6,219	-7,441	-	-3,621	19
Amounts payable`17/49`	75,905	83,808	93,589	56,879	61,532	23,999	23,681	16,101	21,049	21,216	29,439	36,638	35,388	36,878	33,630	47,445	35,485	15,806	14,350	8,377
Amounts payable within one year`42/48`	75,905	80,308	93,589	56,879	61,532	23,999	23,681	16,101	21,049	21,216	29,439	36,638	35,381	36,878	33,630	47,445	35,485	15,806	14,350	8,377
Trade debts`44`	19,332	12,340	18,778	14,814	22,001	4,127	4,130	5,907	6,918	3,899	4,649	2,914	6,212	10,337	3,536	9,200	1,486	834	1,081	440
Suppliers`440/4`	19,332	12,340	18,778	14,814	22,001	4,127	4,130	5,907	6,918	3,899	4,649	2,914	6,212	10,337	3,536	9,200	1,486	834	1,081	440
Advances received on contracts in progress`46`	-	-	10,024	-	-	-	-	-	-	-	3,926	1,071	-	-	-	-	1,665	-	316	-
Taxes, remuneration and social security`45`	24,582	34,030	22,363	16,797	11,780	9,564	3,137	1,151	5,354	6,228	6,923	6,727	2,956	2,522	713	9,255	925	201	1,606	365
Taxes`450/3`	24,582	34,030	22,363	16,797	11,780	9,564	3,137	1,151	5,354	6,228	6,923	6,727	2,956	2,522	713	9,255	925	201	1,606	365
Other amounts payable`47/48`	31,991	33,939	42,425	25,268	27,751	10,309	16,414	9,044	8,777	11,089	13,942	25,926	26,214	24,019	29,381	28,990	31,410	14,771	11,347	7,571
Accrued charges and deferred income`492/3`	-	3,500	-	-	-	-	-	-	-	-	-	-	7	-	-	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Gross operating margin`9900`	56,873	43,672	27,239	34,631	17,208	4,696	22,292	6,389	18,374	17,530	15,361	12,107	37,885	8,237	-856	34,553	1,832	7,914	-1,179	4,496
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	17,446	12,596	11,330	7,296	5,203	4,894	5,050	4,375	4,173	2,814	2,199	3,764	10,359	12,046	12,031	11,780	8,023	2,784	1,972	1,313
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-3,766	-	-	-	-	-	4,040	-	-	-	-	-	-	-	-	-
Other operating charges`640/8`	699	610	559	475	491	660	480	753	643	745	848	477	557	466	512	511	1,209	505	504	452
Non-recurring operating charges`66A`	-	-	-	-	674	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	38,728	30,466	15,349	26,860	14,606	-858	16,762	1,260	13,557	13,971	8,274	7,865	26,969	-4,275	-13,399	22,263	-7,400	4,624	-3,655	2,732
Financial income`75/76B`	495	69	2,201	121	122	0	94	2	196	53	123	30	31	90	73	28	10	9	47	2
Recurring financial income`75`	495	69	2,201	121	122	0	94	2	196	53	123	30	31	90	73	28	10	9	47	2
Financial charges`65/66B`	1,926	2,566	272	148	187	120	60	14	13	64	553	335	226	70	31	44	50	85	31	32
Recurring financial charges`65`	1,926	2,566	272	148	187	120	60	14	13	64	553	335	226	70	31	44	50	85	31	32
Profit (loss) for the period before taxes`9903`	37,297	27,968	17,278	26,833	14,540	-978	16,796	1,248	13,740	13,959	7,843	7,561	26,774	-4,255	-13,357	22,247	-7,440	4,548	-3,639	2,702
Income taxes`67/77`	11,391	8,849	6,140	7,297	4,208	-	4,786	471	4,849	3,675	2,647	1,898	3,662	-	-2	7,302	2	351	1	0
Profit (loss) for the period`9904`	25,906	19,119	11,138	19,536	10,332	-978	12,011	777	8,891	10,284	5,196	5,663	23,112	-4,255	-13,355	14,945	-7,441	4,197	-3,640	2,702
Profit (loss) for the period to be appropriated`9905`	25,906	19,119	11,138	19,536	10,332	-978	12,011	777	8,891	10,284	5,196	5,663	23,112	-4,255	-13,355	14,945	-7,441	4,197	-3,640	2,702
Appropriation of the result
Profit (loss) to be appropriated`9906`	25,906	19,119	48,161	56,559	37,023	26,690	39,678	28,445	36,559	27,668	22,580	17,384	11,721	-11,391	-7,136	7,503	-7,441	576	-3,621	19
Profit (loss) brought forward from the previous period`14P`	-	-	37,023	37,023	26,690	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	12,788	-	15,947	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	25,906	19,119	11,138	19,536	-	-	12,011	777	8,891	-	5,196	-	-	-	-	1,284	-	576	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,284	-	576	-	-
To other reserves`6921`	25,906	19,119	11,138	19,536	-	-	12,011	777	8,891	-	5,196	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	12,788	-	52,970	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	12,788	-	52,970	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	26-08-2026	2026-00428286	PDF
31-12-2024	micro format	29-09-2025	2025-00509645	PDF
31-12-2023	micro format	12-09-2024	2024-00459860	PDF
31-12-2022	micro format	09-10-2023	2023-00476845	PDF
31-12-2021	micro format	26-07-2022	2022-20223707	PDF
31-12-2020	micro format	14-07-2021	2021-37100367	PDF
31-12-2019	micro format	24-08-2020	2020-43300570	PDF
31-12-2018	micro format	01-07-2019	2019-25200061	PDF
31-12-2017	micro format	10-08-2018	2018-45400156	PDF
31-12-2016	micro format	23-06-2017	2017-21200246	PDF
31-12-2015	abbreviated format	29-08-2016	2016-49600395	PDF
31-12-2014	abbreviated format	31-08-2015	2015-50700452	PDF
31-12-2013	abbreviated format	03-09-2014	2014-56100367	PDF
31-12-2012	abbreviated format	27-08-2013	2013-46200551	PDF
31-12-2011	abbreviated format	13-06-2012	2012-16400521	PDF
31-12-2010	abbreviated format	24-05-2011	2011-11900559	PDF
31-12-2009	abbreviated format	05-08-2010	2010-39000354	PDF
31-12-2008	abbreviated format	30-07-2009	2009-51600022	PDF
31-12-2007	abbreviated format	07-07-2008	2008-37600369	PDF
31-12-2006	abbreviated format	27-06-2007	2007-29800271	PDF
31-12-2005	abbreviated format	27-06-2006	2006-33504169	PDF
31-12-2004	abbreviated format	23-06-2005	2005-32205348	PDF
31-12-2003	abbreviated format	28-06-2004	2004-33802608	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	56,174	43,062	26,679	34,157	19,809	4,036	21,812	5,635	17,730	16,785	10,472	11,630	37,328	7,771	-1,368	34,042	623	7,409	-1,683	4,044
Cash flow	43,351	31,715	22,469	26,832	15,535	3,916	17,060	5,153	13,064	13,098	7,395	9,428	33,471	7,791	-1,324	26,724	581	6,981	-1,667	4,015
Investment in fixed assets	33,693	26,633	10,575	39,069	10,721	5,317	9,562	3,387	5,649	2,741	2,226	1,232	7,731	2,621	4,852	13,478	26,863	4,664	3,452	3,866
Change in cash	-4,084	5,509	-38,756	-24,669	40,391	9,727	14,010	-956	456	5,149	16,235	6,451	20,209	3,074	-6,655	14,434	-5,798	4,581	-6,105	-
Working capital	-2,738	3,891	-4,691	54,986	67,222	62,408	63,810	56,311	54,546	47,130	36,772	31,603	23,415	-2,332	-7,503	-1,327	-14,574	11,708	9,391	2,110
Solvency	49.9%	42.7%	31.7%	64.6%	57.8%	75.5%	76.0%	79.6%	74.7%	71.5%	59.4%	50.8%	47.6%	19.7%	28.4%	36.0%	24.9%	54.8%	51.1%	42.6%
Current ratio	0.96	1.05	0.95	1.97	2.09	3.60	3.69	4.50	3.59	3.22	2.25	1.86	1.66	0.94	0.78	0.97	0.59	1.74	1.65	1.25
Quick ratio	0.96	1.05	0.95	1.97	2.09	3.60	3.69	4.50	3.43	3.09	2.15	1.76	1.58	0.86	0.78	0.97	0.59	1.74	1.65	1.25
Debt to equity	1.00	1.34	2.15	0.55	0.73	0.32	0.32	0.26	0.34	0.40	0.68	0.97	1.10	4.07	2.52	1.78	3.02	0.82	0.96	1.35
ROE	34.2%	30.6%	25.6%	18.8%	12.2%	-1.3%	16.0%	1.2%	14.3%	19.3%	12.1%	15.0%	71.8%	-46.9%	-100.2%	56.0%	-63.4%	21.9%	-24.3%	43.4%
ROA	17.1%	13.1%	8.1%	12.2%	7.1%	-1.0%	12.2%	1.0%	10.7%	13.8%	7.2%	7.6%	34.2%	-9.3%	-28.4%	20.2%	-15.8%	12.0%	-12.4%	18.5%
Interest coverage	29.17	16.78	98.10	over 100	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€33,693	€26,633	€10,575	€39,069	€10,721
Depreciation and write-downs of the year	€17,446	€12,596	€11,330	€7,296	€5,203

The Rising Castle

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency49.9%

Current ratio0.96

Return on assets17.1%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on The Rising Castle

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