NAUSIKAA (0444.872.088): financials and annual accounts

NAUSIKAA

Roeselare ·KBO/BCE: BE 0444.872.088

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`	1.3m	1.2m	1.1m	1.0m	886,105	775,942	709,850	625,816	514,468	415,239	396,072	413,615	345,674	307,842	299,389	257,338	256,781	272,167	277,405	273,046
Fixed assets`21/28`	556,558	620,734	676,226	333,355	141,307	114,763	79,315	93,551	88,180	131,482	159,646	196,802	122,370	103,831	98,776	78,014	86,624	82,897	103,219	103,439
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	21,600	43,200	64,800	86,400	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	556,558	620,734	676,226	333,355	141,307	114,763	79,315	93,551	66,580	88,282	94,846	110,402	122,370	103,831	98,776	78,014	86,624	82,897	103,219	103,439
Land and buildings`22`	28,311	28,311	28,311	28,311	28,311	28,311	28,311	28,311	28,311	28,311	28,311	28,311	28,311	28,311	28,311	32,458	36,982	41,506	46,030	50,554
Plant, machinery and equipment`23`	1,684	3,243	4,198	6,233	8,655	9,715	1,046	506	3,322	6,629	9,963	8,489	5,080	5,071	6,678	4,988	1,286	1,760	4,351	9,435
Furniture and vehicles`24`	1,334	2,013	11,122	17,002	25,572	34,143	-	250	500	750	239	479	718	6,486	11,057	16,585	20,895	9,154	13,731	18,349
Other tangible fixed assets`26`	525,229	587,168	632,595	281,811	78,769	42,594	49,959	64,484	34,448	52,592	56,332	73,123	88,262	63,963	52,731	23,984	27,461	30,478	39,108	25,101
Current assets`29/58`	757,660	574,064	461,904	712,415	744,798	661,179	630,535	532,265	426,288	283,757	236,426	216,813	223,304	204,012	200,613	179,324	170,158	189,270	174,186	169,607
Amounts receivable within one year`40/41`	29,433	35,196	56,255	58,570	48,098	18,466	93,008	103,584	70,278	42,822	46,191	84,036	103,425	98,183	84,038	63,180	77,286	75,743	86,381	82,597
Trade receivables`40`	19,124	22,051	39,324	28,758	30,203	10,348	22,743	77,256	33,132	41,236	40,552	75,036	85,276	85,906	57,058	63,180	71,797	75,743	80,131	75,690
Other amounts receivable`41`	10,309	13,145	16,931	29,812	17,896	8,118	70,266	26,328	37,145	1,586	5,639	9,000	18,150	12,277	26,981	-	5,489	-	6,250	6,907
Current investments`50/53`	393,750	193,412	45,399	122,488	75,556	90,604	90,399	90,399	90,399	-	-	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	334,477	316,076	350,307	525,366	621,143	552,110	447,128	338,282	265,611	240,935	137,139	91,671	87,959	89,993	97,149	90,101	92,731	113,402	87,805	87,010
Deferred charges and accrued income`490/1`	-	29,380	9,943	5,991	-	-	-	-	-	-	53,096	41,106	31,920	15,836	19,425	26,043	140	125	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.3m	1.2m	1.1m	1.0m	886,105	775,942	709,850	625,816	514,468	415,239	396,072	413,615	345,674	307,842	299,389	257,338	256,781	272,167	277,405	273,046
Equity`10/15`	990,840	891,811	993,225	890,030	761,317	632,937	561,334	496,065	426,002	346,392	321,831	303,412	228,354	221,907	216,205	211,450	191,893	175,250	161,758	139,097
Contributions`10/11`	274,020	274,020	274,020	274,020	274,020	274,020	274,020	274,020	274,020	274,020	274,020	274,020	19,800	19,800	19,800	19,800	19,800	19,800	19,800	19,800
Issued capital`100`	-	-	-	-	-	-	274,020	274,020	274,020	274,020	274,020	274,020	19,800	19,800	19,800	19,800	19,800	19,800	19,800	19,800
Reserves`13`	716,820	617,791	719,205	616,010	487,297	358,917	287,314	222,045	151,982	72,372	47,811	23,000	201,980	201,980	191,980	181,980	161,980	141,980	121,980	121,980
Non-distributable reserves`130/1`	-	-	-	12,380	12,380	12,380	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	12,380	12,380	9,080	5,680	4,000	3,000	1,980	1,980	1,980	1,980	1,980	1,980	1,980	1,980
Reserves not available under the articles`1311`	-	-	-	12,380	12,380	12,380	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500	18,750	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	679,320	580,291	681,705	566,130	437,417	309,037	237,434	172,165	124,152	66,692	43,811	20,000	200,000	200,000	190,000	180,000	160,000	140,000	120,000	120,000
Profit (loss) carried forward`14`	-	-	-	-	-	-	-	-	-	-	-	6,392	6,574	127	4,425	9,670	10,113	13,470	19,978	-2,683
Amounts payable`17/49`	323,378	302,987	144,905	155,740	124,788	143,005	148,516	129,751	88,466	68,847	74,241	110,203	117,321	85,935	83,184	45,888	64,888	96,917	115,647	133,949
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	-	-	-	7,000	19,000	31,000	43,000	2,109	8,269	12,207	30,489	51,244
Financial debts`170/4`	-	-	-	-	-	-	-	-	-	-	-	7,000	19,000	31,000	43,000	2,109	8,269	12,207	30,489	51,244
Amounts payable within one year`42/48`	321,729	297,936	139,845	146,772	120,688	102,820	119,016	91,151	60,432	68,187	74,241	103,203	89,574	54,935	40,184	36,536	41,487	72,248	85,158	82,705
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	-	-	7,000	12,000	12,000	12,000	14,109	6,160	18,123	18,283	20,755	20,525
Trade debts`44`	578	1,327	29,501	81,514	43,973	21,726	53,429	9,065	4,781	1,725	7,200	36,955	34,747	12,625	5,106	1,947	7,317	2,953	7,360	24,247
Suppliers`440/4`	578	1,327	29,501	81,514	43,973	21,726	53,429	9,065	4,781	1,725	7,200	36,955	34,747	12,625	5,106	1,947	7,317	2,953	7,360	24,247
Taxes, remuneration and social security`45`	39,307	21,312	10,796	5,930	17,817	11,884	4,474	9,675	6,135	14,795	12,346	12,493	10,675	6,063	691	11,528	7,810	16,008	27,026	12,458
Taxes`450/3`	34,235	15,105	2,541	685	12,761	6,655	3,992	9,238	638	3,860	4,933	10,547	438	290	322	2,029	194	7,697	16,904	5,785
Remuneration and social security`454/9`	5,072	6,206	8,255	5,245	5,055	5,229	481	436	5,497	10,935	7,413	1,946	10,237	5,772	369	9,500	7,617	8,310	10,122	6,673
Other amounts payable`47/48`	281,843	275,297	99,548	59,328	58,898	69,210	61,113	72,411	49,517	51,666	47,694	41,755	32,152	24,248	20,278	16,901	8,236	35,005	30,017	25,475
Accrued charges and deferred income`492/3`	1,649	5,051	5,060	8,968	4,100	40,185	29,500	38,600	28,034	660	-	-	8,747	-	-	7,243	15,132	12,462	-	-
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,223	-	-	-	-	452
Gross operating margin`9900`	274,181	253,113	267,220	268,975	262,111	172,885	154,510	214,125	239,117	179,066	142,984	124,310	134,385	118,614	98,625	134,664	129,180	104,135	119,280	90,490
Remuneration, social security and pensions`62`	42,044	40,646	39,706	38,956	39,072	39,051	34,868	66,097	64,761	74,487	51,365	43,001	82,164	68,732	66,983	76,563	67,254	63,578	60,097	56,819
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	64,177	74,626	61,643	49,468	31,023	27,620	19,737	42,337	44,819	47,679	53,770	52,737	30,310	25,054	27,003	17,594	17,849	20,322	27,487	27,705
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	1,534	-	-	-	2,173	12,243	-	2,781	-	-	-	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,000
Other operating charges`640/8`	3,931	4,302	8,237	3,381	3,040	3,886	2,249	3,063	2,121	2,294	2,487	2,383	2,675	8,634	2,618	3,095	5,083	2,992	2,538	4,562
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,914	-	-	4,097
Operating profit (loss)`9901`	164,030	133,538	157,634	177,169	188,975	102,329	97,655	101,095	127,416	54,606	35,362	24,016	6,992	16,194	-760	37,413	38,994	17,243	29,158	11,404
Financial income`75/76B`	8,538	2,774	4,923	1,920	1,592	2,100	1,687	2,528	672	155	159	227	7,517	7,257	1,132	2,226	699	12,347	2,478	1,817
Recurring financial income`75`	8,538	2,774	4,923	1,920	1,592	2,100	1,687	2,528	672	155	159	227	7,517	7,257	1,132	2,226	699	12,347	2,478	1,817
Financial charges`65/66B`	18,630	7,450	4,417	2,298	2,741	3,187	3,565	3,482	3,494	3,058	3,577	4,132	3,440	5,344	2,526	1,856	3,356	4,952	5,403	5,346
Recurring financial charges`65`	18,630	7,450	4,417	2,298	2,741	3,187	3,565	3,482	3,494	3,058	3,577	4,132	3,440	5,344	2,526	1,856	3,356	4,952	5,403	5,346
Profit (loss) for the period before taxes`9903`	153,938	128,863	158,140	176,791	187,826	101,242	95,776	100,140	124,594	51,703	31,944	20,111	11,070	18,107	1,068	37,783	26,423	24,637	26,233	4,230
Income taxes`67/77`	50,109	43,511	52,245	45,678	59,446	29,640	27,807	21,677	44,984	21,441	13,524	4,848	4,623	12,405	-3,686	18,225	9,780	11,145	3,572	11,431
Profit (loss) for the period`9904`	103,829	85,351	105,895	131,113	128,380	71,603	67,969	78,463	79,610	30,262	18,420	15,263	6,447	5,702	4,755	19,557	16,643	13,492	22,661	-7,201
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	-	18,750	18,750	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	103,829	85,351	105,895	131,113	128,380	71,603	67,969	59,713	60,860	30,262	18,420	15,263	6,447	5,702	4,755	19,557	16,643	13,492	22,661	-7,201
Appropriation of the result
Profit (loss) to be appropriated`9906`	103,829	85,351	105,895	131,113	128,380	71,603	67,969	59,713	60,860	30,262	24,811	21,837	6,574	10,127	14,425	29,670	30,113	33,470	19,978	-2,683
Transfer from equity`791/2`	-	182,565	-	-	-	-	-	-	-	5,702	-	194,425	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	99,029	81,151	103,195	128,713	128,380	71,603	65,269	51,313	60,860	30,262	24,811	15,445	-	10,000	10,000	20,000	20,000	20,000	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	3,300	3,400	1,680	1,000	1,020	-	-	-	-	-	-	-	-
To other reserves`6921`	99,029	81,151	103,195	128,713	128,380	71,603	65,269	48,013	57,460	28,582	23,811	14,425	-	10,000	10,000	20,000	20,000	20,000	-	-
Profit to be distributed`694/7`	4,800	186,765	2,700	2,400	-	-	2,700	8,400	-	5,702	-	194,425	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	-	182,565	-	-	-	-	-	-	-	5,702	-	194,425	-	-	-	-	-	-	-	-
Directors or managers`695`	-	-	-	-	-	-	-	6,000	-	-	-	-	-	-	-	-	-	-	-	-
Other beneficiaries`697`	4,800	4,200	2,700	2,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	1	1	1	1	1	-	1	1.4	1.8	1.8	1.9	2.3	2	1.8	2	2.2	2.3	1.9	1.9	1.8
Hours worked`1013`	1,745	1,729	1,729	1,671	1,696	1,752	1,755	2,695	3,313	2,968	2,069	2,228	3,603	3,283	3,205	3,504	3,482	3,302	3,349	2,973
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Financial year	Type	Filed	Reference	Document
30-09-2025	micro format	28-04-2026	2026-00090961	PDF
30-09-2024	micro format	28-04-2025	2025-00077269	PDF
30-09-2023	micro format	24-04-2024	2024-00067782	PDF
30-09-2022	micro format	03-04-2023	2023-00052402	PDF
30-09-2021	micro format	11-05-2022	2022-20025726	PDF
30-09-2020	micro format	28-04-2021	2021-11800358	PDF
30-09-2019	micro format	22-04-2020	2020-09600198	PDF
30-09-2018	micro format	23-04-2019	2019-10400469	PDF
30-09-2017	micro format	19-04-2018	2018-10200337	PDF
30-09-2016	abbreviated format	30-03-2017	2017-07900564	PDF
30-09-2015	abbreviated format	20-04-2016	2016-10200393	PDF
30-09-2014	abbreviated format	28-04-2015	2015-10800461	PDF
30-09-2013	abbreviated format	07-05-2014	2014-11700093	PDF
30-09-2012	abbreviated format	24-05-2013	2013-13500084	PDF
30-09-2011	abbreviated format	29-05-2012	2012-13500110	PDF
30-09-2010	abbreviated format	26-05-2011	2011-12500328	PDF
30-09-2009	abbreviated format	26-05-2010	2010-12800194	PDF
30-09-2008	abbreviated format	25-05-2009	2009-16100015	PDF
30-09-2007	abbreviated format	13-05-2008	2008-13400246	PDF
30-09-2006	abbreviated format	25-04-2007	2007-12300261	PDF
30-09-2005	abbreviated format	27-04-2006	2006-12100903	PDF
30-12-2003	abbreviated format	16-07-2004	2004-47204391	PDF
30-12-2002	abbreviated format	22-07-2003	2003-48104161	PDF
30-12-2001	abbreviated format	16-06-2003	2003-24303081	PDF
30-12-2000	abbreviated format	10-06-2003	2003-22001479	PDF
30-12-1999	abbreviated format	27-06-2001	2001-28103579	PDF
30-12-1998	abbreviated format	05-11-1999	1999-57500386	PDF
30-12-1997	abbreviated format	30-11-1998	1998-59504922	PDF
30-12-1996	abbreviated format	30-07-1997	1997-34801317	PDF
30-12-1995	abbreviated format	09-09-1996	1996-43004226	PDF
30-12-1994	abbreviated format	28-09-1995	1995-51301591	PDF
30-12-1993	abbreviated format	19-09-1994	1994-40103625	PDF
30-12-1992	abbreviated format	27-07-1993	1993-29105031	PDF

Year	Entries	Awarded	Paid
2025	1	€584	€584
2024	1	€670	€805
2023	1	€708	€573
2022	1	€494	€494

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	228,206	208,165	219,277	226,637	219,999	129,949	117,392	143,432	172,235	102,285	89,132	76,753	37,303	41,247	26,243	55,006	56,843	37,564	56,645	39,109
Cash flow	168,006	159,978	167,538	180,582	159,403	99,222	87,706	120,800	124,429	77,941	72,190	68,000	36,757	30,756	31,757	37,151	34,492	33,814	50,148	20,504
Investment in fixed assets (approximation)	0	19,134	404,514	241,517	57,568	63,067	5,502	47,707	1,518	19,515	16,614	127,169	54,074	30,108	47,764	8,984	30,729	0	27,267	42,265
Change in cash	18,402	-34,231	-175,059	-95,777	69,033	104,983	108,846	72,670	24,676	103,796	45,468	3,712	-2,034	-7,157	7,048	-2,630	-20,671	25,596	795	-
Working capital	435,932	276,128	322,059	565,643	624,110	558,359	511,519	441,115	365,855	215,570	162,186	113,610	133,730	149,076	160,429	142,788	128,670	117,022	89,029	86,902
Solvency	75.4%	74.6%	87.3%	85.1%	85.9%	81.6%	79.1%	79.3%	82.8%	83.4%	81.3%	73.4%	66.1%	72.1%	72.2%	82.2%	74.7%	64.4%	58.3%	50.9%
Current ratio	2.35	1.93	3.30	4.85	6.17	6.43	5.30	5.84	7.05	4.16	3.18	2.10	2.49	3.71	4.99	4.91	4.10	2.62	2.05	2.05
Debt to equity	0.33	0.34	0.15	0.17	0.16	0.23	0.26	0.26	0.21	0.20	0.23	0.36	0.51	0.39	0.38	0.22	0.34	0.55	0.71	0.96
ROE	10.5%	9.6%	10.7%	14.7%	16.9%	11.3%	12.1%	15.8%	18.7%	8.7%	5.7%	5.0%	2.8%	2.6%	2.2%	9.2%	8.7%	7.7%	14.0%	-5.2%
ROA	7.9%	7.1%	9.3%	12.5%	14.5%	9.2%	9.6%	12.5%	15.5%	7.3%	4.7%	3.7%	1.9%	1.9%	1.6%	7.6%	6.5%	5.0%	8.2%	-2.6%
Interest coverage	12.25	27.94	49.65	98.62	80.26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022	30-09-2021
Employees at the balance-sheet date	1	1	1	1	1
full-time	1	1	1	1	1
in full-time equivalents	1	1	1	1	1
Average over the year, in full-time equivalents	1	1	1	1	1
On a permanent contract	1	1	1	1	1

NAUSIKAA

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency75.4%

Current ratio2.35

Return on assets7.9%

Staff

Staff cost per FTE€42,044

Joined and left

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 4 entries, €2,456 awarded, €2,456 paid

Key figures and ratios

Social balance sheet

Investments

Insights on NAUSIKAA

Next steps

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022	30-09-2021
Tangible fixed assets	-	€19,134	€404,514	€241,517	€57,568
Depreciation and write-downs of the year	€64,177	€74,626	€61,643	€49,468	€31,023