MORTIER PASCAL (0859.993.783): financials and annual accounts

MORTIER PASCAL

Ghent ·KBO/BCE: BE 0859.993.783

Line	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`	922,411	880,285	720,574	610,366	568,690	614,804	569,394	547,065	613,047	501,255	561,877	469,643	319,604	298,393	256,953	253,736	251,712	170,957	84,810
Fixed assets`21/28`	567,858	522,897	523,599	524,170	527,468	526,382	536,005	514,068	501,499	470,758	425,874	416,332	208,459	210,963	216,717	204,218	169,156	94,938	42,601
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	-	-	-	417	5,417	10,417	15,417	20,417	25,417	30,417
Tangible fixed assets`22/27`	566,608	521,647	501,029	501,600	504,748	503,612	513,236	491,298	438,689	407,948	362,114	353,523	145,233	127,881	128,635	103,043	63,131	13,326	10,884
Land and buildings`22`	0	1,098	1,295	1,492	3,015	5,581	6,064	8,433	4,171	-	-	-	-	-	540	1,566	2,591	3,616	1,940
Plant, machinery and equipment`23`	546,844	519,190	497,637	496,938	497,489	497,027	496,253	463,707	405,781	369,633	362,114	353,132	143,692	124,669	123,212	96,876	58,377	9,086	2,514
Furniture and vehicles`24`	2,346	1,359	2,098	3,171	4,244	1,005	10,919	19,158	28,736	38,315	-	391	1,541	3,212	4,883	4,601	2,164	624	6,430
Other tangible fixed assets`26`	17,418	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	1,250	1,250	22,570	22,570	22,720	22,770	22,770	22,770	62,809	62,809	63,759	62,809	62,809	77,666	77,666	85,758	85,608	56,196	1,300
Current assets`29/58`	354,552	357,388	196,975	86,196	41,222	88,422	33,389	32,997	111,549	30,498	136,003	53,311	111,146	87,430	40,236	49,519	82,556	76,018	42,210
Amounts receivable within one year`40/41`	72,285	8,256	8,035	9,082	281	-	973	5,170	162	5,914	8,754	16,003	18,008	38,207	12,842	37,498	33,721	45,078	26,825
Trade receivables`40`	43,411	8,256	213	-	-	-	-	305	-	928	1,162	15,849	17,854	37,074	2,836	19,142	31,245	31,624	26,580
Other amounts receivable`41`	28,874	0	7,822	9,082	281	-	973	4,865	162	4,986	7,592	154	155	1,133	10,005	18,355	2,476	13,454	244
Current investments`50/53`	85,954	9,778	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	194,660	337,280	187,213	76,579	40,575	88,266	32,298	27,496	110,735	23,507	126,994	37,059	93,137	49,209	27,377	12,021	48,628	30,940	15,385
Deferred charges and accrued income`490/1`	1,653	2,074	1,727	535	365	155	117	331	652	1,077	255	250	-	14	18	-	207	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	922,411	880,285	720,574	610,366	568,690	614,804	569,394	547,065	613,047	501,255	561,877	469,643	319,604	298,393	256,953	253,736	251,712	170,957	84,810
Equity`10/15`	784,353	729,299	597,590	455,904	437,235	445,051	417,087	389,116	392,801	329,754	349,344	306,424	191,331	179,646	143,916	149,516	142,878	89,858	24,791
Contributions`10/11`	162,000	162,000	162,000	162,000	162,000	162,000	162,000	162,000	162,000	162,000	162,000	162,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000
Issued capital`100`	-	-	-	-	-	162,000	162,000	162,000	162,000	162,000	162,000	162,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000
Reserves`13`	622,353	567,299	435,590	293,904	283,051	283,051	255,000	230,000	230,000	187,000	187,000	144,000	141,000	129,500	99,500	99,500	92,000	39,800	13,300
Non-distributable reserves`130/1`	-	-	-	-	16,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	16,200	16,200	16,200	16,200	16,200	16,200	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000
Reserves not available under the articles`1311`	-	-	-	-	16,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	622,353	567,299	435,590	293,904	266,851	266,851	238,800	213,800	213,800	170,800	170,800	139,000	136,000	124,500	94,500	94,500	87,000	34,800	8,300
Profit (loss) carried forward`14`	-	0	-	-	-7,816	-	87	-2,884	801	-19,246	344	424	331	146	-5,584	16	878	58	-38,509
Amounts payable`17/49`	138,057	150,986	122,984	154,462	131,455	169,753	152,307	157,949	220,246	171,501	212,533	163,219	128,274	118,747	113,038	104,221	108,834	81,099	60,019
Amounts payable after more than one year`17`	-	-	-	-	-	-	2,614	8,889	15,163	21,438	50,000	-	-	3,812	7,740	11,495	15,086	18,513	21,795
Financial debts`170/4`	-	-	-	-	-	-	2,614	8,889	15,163	21,438	50,000	-	-	3,812	7,740	11,495	15,086	18,513	21,795
Amounts payable within one year`42/48`	129,597	143,423	120,689	125,306	128,034	155,999	141,356	144,827	200,727	144,464	155,621	151,900	122,887	109,830	105,298	92,726	93,748	62,585	38,224
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	2,603	6,274	6,274	6,274	6,274	-	-	3,204	6,046	6,878	3,500	22,518	3,500	3,500
Trade debts`44`	3,665	4,011	1,950	4,938	3,357	2,558	1,021	1,319	3,922	3,549	2,435	4,062	1,345	373	481	488	219	326	315
Suppliers`440/4`	3,665	4,011	1,950	4,938	3,357	2,558	1,021	1,319	3,922	3,549	2,435	4,062	1,345	373	481	488	219	326	315
Advances received on contracts in progress`46`	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	10,577	30,216	4,713	11,035	9,403	38,020	18,567	18,289	47,567	8,617	24,944	28,636	12,511	4,015	12,727	8,761	4,815	7,903	9,499
Taxes`450/3`	3,834	23,607	1,923	1,352	3,365	28,674	8,971	9,383	42,677	2,813	19,427	21,835	4,799	1,769	2,526	2,523	368	2,469	2,489
Remuneration and social security`454/9`	6,742	6,609	2,791	9,683	6,038	9,346	9,596	8,907	4,891	5,804	5,516	6,801	7,713	2,246	10,201	6,238	4,448	5,434	7,010
Other amounts payable`47/48`	114,355	109,196	114,026	109,332	115,274	112,819	115,493	118,944	142,963	126,024	128,242	119,202	105,827	99,396	85,212	79,977	66,195	50,856	24,910
Accrued charges and deferred income`492/3`	8,460	7,563	2,294	29,157	3,421	13,753	8,336	4,233	4,356	5,599	6,912	11,319	5,387	5,104	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,275	-	-	-	-
Gross operating margin`9900`	143,295	268,300	253,827	72,004	37,579	94,072	93,203	40,280	156,152	31,312	90,442	224,444	80,985	83,971	22,116	49,712	115,977	121,952	48,741
Remuneration, social security and pensions`62`	50,543	48,314	42,907	40,168	37,221	35,412	32,713	28,731	28,017	28,441	25,216	24,431	24,079	22,897	21,705	32,306	31,260	31,307	29,811
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	1,930	1,443	1,928	3,148	3,737	13,204	14,552	14,083	13,197	12,132	2,411	3,840	9,099	9,646	9,518	9,158	8,568	13,724	12,770
Other operating charges`640/8`	1,033	1,180	886	843	922	5,085	853	797	967	864	947	875	965	823	799	780	742	763	815
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	18,013	-	-	-	-	-	-
Operating profit (loss)`9901`	89,790	217,363	208,107	27,845	-4,300	40,371	45,084	-3,331	113,971	-10,125	61,868	195,297	46,843	50,605	-9,906	7,467	75,407	76,158	5,346
Financial income`75/76B`	1,770	491	960	880	1,620	86	918	5,944	3,211	392	4,756	1,947	2,399	1,388	1,260	1,355	1,673	3,310	333
Recurring financial income`75`	1,770	491	960	880	1,620	86	704	5,944	3,211	392	4,756	1,947	2,399	1,388	1,260	1,355	1,673	3,310	333
Non-recurring financial income`76B`	-	-	-	-	-	-	214	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	8,815	19,724	6,526	4,770	4,925	336	6,293	6,868	6,908	8,292	10,253	8,430	9,056	7,390	1,134	1,270	1,519	2,832	2,661
Recurring financial charges`65`	8,815	19,724	6,526	4,770	4,925	336	6,293	6,868	6,908	8,292	10,253	8,430	9,056	7,390	1,134	1,270	1,519	2,832	2,661
Profit (loss) for the period before taxes`9903`	82,745	198,129	202,542	23,955	-7,606	40,121	39,709	-4,255	110,274	-18,025	56,370	188,814	22,173	44,603	-5,506	7,552	75,561	76,636	3,017
Income taxes`67/77`	27,691	66,421	60,055	5,286	210	12,158	11,738	-570	27,227	1,564	13,450	61,276	10,489	8,872	94	915	22,541	11,569	-1
Profit (loss) for the period`9904`	55,055	131,709	142,486	18,669	-7,816	27,963	27,971	-3,685	83,047	-19,590	42,920	127,538	11,684	35,731	-5,600	6,638	53,020	65,067	3,018
Profit (loss) for the period to be appropriated`9905`	55,055	131,709	142,486	18,669	-7,816	27,963	27,971	-3,685	83,047	-19,590	42,920	127,538	11,684	35,731	-5,600	6,638	53,020	65,067	3,018
Appropriation of the result
Profit (loss) to be appropriated`9906`	55,055	131,709	142,486	10,853	-7,816	28,051	25,087	-2,884	63,801	-19,246	43,344	127,869	11,831	30,146	-5,584	7,516	53,078	26,558	-38,509
Profit (loss) brought forward from the previous period`14P`	-	-	-	-7,816	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	7,816	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	55,055	131,709	141,686	18,669	-	28,051	25,000	-	43,000	-	43,000	127,444	11,500	30,000	-	7,500	52,200	26,500	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	11,200	-	-	-	-	-	-	-	-
To other reserves`6921`	55,055	131,709	141,686	18,669	-	28,051	25,000	-	43,000	-	31,800	127,444	11,500	30,000	-	7,500	52,200	26,500	-
Profit to be distributed`694/7`	-	0	800	-	-	-	-	-	20,000	-	-	-	-	-	-	-	-	-	-
Directors or managers`695`	-	0	800	-	-	-	-	-	20,000	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	1	1	1	1	0.7	0.7	0.7	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6
Hours worked`1013`	1,319	1,347	1,253	1,282	1,207	1,197	1,198	1,104	1,116	1,092	1,086	1,026	1,122	1,098	1,128	1,098	1,105	1,092	1,119
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Financial year	Type	Filed	Reference	Document
30-06-2025	micro format	28-01-2026	2026-00017176	PDF
30-06-2024	micro format	28-02-2025	2025-00043236	PDF
30-06-2023	micro format	13-12-2023	2023-00527666	PDF
30-06-2022	micro format	16-12-2022	2022-20538468	PDF
30-06-2021	micro format	14-12-2021	2021-80300402	PDF
30-06-2020	micro format	18-01-2021	2021-01100100	PDF
30-06-2019	micro format	06-01-2020	2020-00200352	PDF
30-06-2018	micro format	19-12-2018	2018-74600232	PDF
30-06-2017	micro format	17-01-2018	2018-01500205	PDF
30-06-2016	abbreviated format	19-12-2016	2016-70300235	PDF
30-06-2015	abbreviated format	18-12-2015	2015-69200155	PDF
30-06-2014	abbreviated format	16-12-2014	2014-69000588	PDF
30-06-2013	abbreviated format	20-12-2013	2013-69000383	PDF
30-06-2012	abbreviated format	21-12-2012	2012-67100322	PDF
30-06-2011	abbreviated format	14-12-2011	2011-63400553	PDF
30-06-2010	abbreviated format	27-01-2011	2011-01500522	PDF
30-06-2009	abbreviated format	14-12-2009	2009-88400139	PDF
30-06-2008	abbreviated format	19-12-2008	2008-85700017	PDF
30-06-2007	abbreviated format	17-12-2007	2007-83000123	PDF
30-06-2006	abbreviated format	09-01-2007	2007-00703646	PDF
30-06-2005	abbreviated format	06-01-2006	2006-00601138	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	91,720	218,806	210,035	30,993	-564	53,575	59,636	10,752	127,168	2,007	64,278	199,137	55,942	60,251	-388	16,625	83,976	89,882	18,115
Cash flow	56,985	133,151	144,414	21,816	-4,079	41,167	42,523	10,398	96,244	-7,458	45,330	131,378	20,783	45,377	3,918	15,795	61,588	78,791	15,787
Investment in fixed assets (approximation)	46,891	22,061	1,356	-150	4,872	3,581	36,490	66,692	43,938	57,965	11,952	211,713	46,610	3,892	30,111	44,219	82,786	66,062	14,703
Change in cash	-142,620	150,067	110,634	36,004	-47,691	55,968	4,802	-83,238	87,228	-103,487	89,935	-56,079	43,929	21,832	15,356	-36,607	17,687	15,555	-
Working capital	224,955	213,965	76,286	-39,110	-86,812	-67,578	-107,968	-111,829	-89,179	-113,967	-19,618	-98,589	-11,741	-22,400	-65,062	-43,207	-11,192	13,433	3,986
Solvency	85.0%	82.8%	82.9%	74.7%	76.9%	72.4%	73.3%	71.1%	64.1%	65.8%	62.2%	65.2%	59.9%	60.2%	56.0%	58.9%	56.8%	52.6%	29.2%
Current ratio	2.74	2.49	1.63	0.69	0.32	0.57	0.24	0.23	0.56	0.21	0.87	0.35	0.90	0.80	0.38	0.53	0.88	1.21	1.10
Debt to equity	0.18	0.21	0.21	0.34	0.30	0.38	0.37	0.41	0.56	0.52	0.61	0.53	0.67	0.66	0.79	0.70	0.76	0.90	2.42
ROE	7.0%	18.1%	23.8%	4.1%	-1.8%	6.3%	6.7%	-0.9%	21.1%	-5.9%	12.3%	41.6%	6.1%	19.9%	-3.9%	4.4%	37.1%	72.4%	12.2%
ROA	6.0%	15.0%	19.8%	3.1%	-1.4%	4.5%	4.9%	-0.7%	13.5%	-3.9%	7.6%	27.2%	3.7%	12.0%	-2.2%	2.6%	21.1%	38.1%	3.6%
Interest coverage	10.41	11.09	32.19	6.50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Employees at the balance-sheet date	1	1	1	1
full-time	0	0	-	-
part-time	1	1	1	1
in full-time equivalents	0.7	0.7	0.7	0.7
Average over the year, in full-time equivalents	0.7	0.7	0.7	0.7
On a permanent contract	1	1	1	1

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Tangible fixed assets	€46,891	€22,061	€1,356	-
Depreciation and write-downs of the year	€1,930	€1,443	€1,928	€3,148

MORTIER PASCAL

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency85.0%

Current ratio2.74

Return on assets6.0%

Staff

Staff cost per FTE€50,543

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on MORTIER PASCAL

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