Naze (0636.768.970): financials and annual accounts

Naze

Antwerp ·KBO/BCE: BE 0636.768.970

Line	2025	2024	2022	2021	2020	2019	2018	2017	2016
Balance sheet: assets
Total assets`20/58`	69,251	64,190	38,150	67,952	59,662	37,136	61,570	52,572	35,252
Fixed assets`21/28`	11,504	8,821	8,471	7,367	8,930	1,287	13,325	3,000	4,000
Intangible fixed assets`21`	-	-	3,760	5,640	7,520	-	-	-	-
Tangible fixed assets`22/27`	11,204	8,521	4,411	1,727	1,410	1,287	13,325	3,000	4,000
Plant, machinery and equipment`23`	7,449	7,196	3,462	1,692	1,304	1,110	2,220	3,000	4,000
Furniture and vehicles`24`	3,755	1,325	949	35	106	177	11,105	-	-
Financial fixed assets`28`	300	300	300	-	-	-	-	-	-
Current assets`29/58`	57,747	55,370	29,679	60,585	50,732	35,850	48,245	49,572	31,252
Stocks and contracts in progress`3`	3,132	2,754	2,884	3,448	3,885	4,685	1,885	1,420	1,680
Stocks`30/36`	3,132	2,754	2,884	3,448	3,885	4,685	1,885	1,420	1,680
Amounts receivable within one year`40/41`	-	15,539	22,293	48,166	42,021	29,187	41,015	44,368	23,441
Trade receivables`40`	-	10,338	21,869	41,927	35,782	22,954	14,923	32,391	11,994
Other amounts receivable`41`	-	5,201	424	6,239	6,239	6,233	26,092	11,977	11,447
Cash at bank and in hand`54/58`	54,615	37,078	4,503	8,971	4,826	1,978	5,345	3,784	6,131
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	69,251	64,190	38,150	67,952	59,662	37,136	61,570	52,572	35,252
Equity`10/15`	30,080	17,474	78	23,572	13,115	11,949	28,059	24,437	23,588
Contributions`10/11`	1	1	1	1	1	1	1	1	1
Capital`10`	-	-	-	1	1	-	-	-	-
Issued capital`100`	-	-	-	1	1	1	1	1	1
Contributions outside capital`11`	1	1	-	-	-	-	-	-	-
Other`1109/19`	1	1	-	-	-	-	-	-	-
Reserves`13`	-	-	-	10,000	10,000	10,000	10,000	10,000	10,000
Distributable reserves`133`	-	-	-	10,000	10,000	10,000	10,000	10,000	10,000
Profit (loss) carried forward`14`	30,079	17,473	77	13,571	3,114	1,948	18,058	14,436	13,587
Amounts payable`17/49`	39,171	46,716	38,072	44,380	46,547	25,188	33,511	28,135	11,664
Amounts payable within one year`42/48`	38,242	46,716	38,072	44,380	46,547	25,188	33,511	28,135	11,664
Trade debts`44`	5,568	14,960	30,635	37,737	37,137	23,821	30,598	24,758	9,355
Suppliers`440/4`	5,568	14,960	30,635	37,737	37,137	23,821	30,598	24,758	9,355
Taxes, remuneration and social security`45`	12,674	11,757	6,966	5,981	2,449	536	2,913	3,378	2,309
Taxes`450/3`	9,508	11,757	6,966	5,981	2,258	344	2,719	2,359	26
Remuneration and social security`454/9`	3,165	-	-	-	192	192	194	1,018	2,283
Other amounts payable`47/48`	20,000	20,000	471	662	6,961	831	-	-	-
Accrued charges and deferred income`492/3`	929	-	-	-	-	-	-	-	-
Income statement
Turnover`70`	-	-	300,841	-	117,497	151,755	119,323	119,259	139,178
Non-recurring operating income`76A`	-	-	-	668	1,079	3,096	-	-	-
Gross operating margin`9900`	66,844	53,590	-1,603	15,451	-7,718	-7,355	9,061	6,735	35,105
Goods, raw materials, services and sundry goods`60/61`	-	-	303,249	-	143,602	162,206	112,424	112,524	105,026
Remuneration, social security and pensions`62`	19,037	-	-	-	-	-	-54	5,396	10,313
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	9,669	5,423	3,677	2,695	3,857	1,145	3,886	1,000	1,000
Other operating charges`640/8`	5,269	6,837	17,921	2,037	1,732	7,504	294	305	146
Operating profit (loss)`9901`	32,869	41,330	-23,201	10,719	-13,307	-16,004	4,935	34	23,646
Financial income`75/76B`	41	211	-	-	20,000	1	-	899	-
Recurring financial income`75`	41	211	-	-	20,000	1	-	899	-
Financial charges`65/66B`	6,418	5,542	293	262	350	107	99	85	58
Recurring financial charges`65`	6,418	5,542	293	262	350	107	99	85	58
Profit (loss) for the period before taxes`9903`	26,492	35,999	-23,494	10,457	6,343	-16,110	4,835	848	23,587
Income taxes`67/77`	13,885	5,455	-	-	5,177	-	1,213	-	-
Profit (loss) for the period`9904`	12,606	30,544	-23,494	10,457	1,166	-16,110	3,622	848	23,587
Profit (loss) for the period to be appropriated`9905`	12,606	30,544	-23,494	10,457	1,166	-16,110	3,622	848	23,587
Appropriation of the result
Profit (loss) to be appropriated`9906`	30,079	37,473	-9,923	13,571	3,114	1,948	18,058	14,436	23,587
Profit (loss) brought forward from the previous period`14P`	17,473	6,929	13,571	3,114	1,948	-	-	-	-
Transfer from equity`791/2`	-	-	10,000	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	10,000
To other reserves`6921`	-	-	-	-	-	-	-	-	10,000
Profit to be distributed`694/7`	-	20,000	-	-	-	-	-	-	-
Directors or managers`695`	-	20,000	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	0.8	0.8
Hours worked`1013`	-	-	-	-	-	-	-	360	564
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	31-08-2026	2026-00498528	PDF
31-12-2024	micro format	28-07-2025	2025-00356004	PDF
31-12-2022	abbreviated format	31-10-2023	2023-00497246	PDF
31-12-2021	micro format	17-06-2022	2022-20069675	PDF
31-12-2020	micro format	17-06-2022	2022-20069668	PDF
31-12-2019	micro format	30-07-2021	2021-44300436	PDF
31-12-2018	micro format	19-09-2019	2019-65300164	PDF
31-12-2017	micro format	08-01-2019	2019-00600298	PDF
31-12-2016	abbreviated format	14-12-2018	2018-74900300	PDF

Line	2025	2024	2022	2021	2020	2019	2018	2017	2016
EBITDA	42,538	46,753	-19,524	13,414	-9,450	-14,858	8,821	1,034	24,646
Cash flow	22,275	35,967	-19,817	13,152	5,023	-14,965	7,509	1,848	24,587
Investment in fixed assets (approximation)	14,005	6,973	4,781	1,132	11,500	212	14,212	0	5,000
Change in cash	17,538	-	-4,468	4,145	2,848	-3,367	1,561	-2,348	-
Working capital	19,506	8,653	-8,393	16,205	4,185	10,662	14,734	21,437	19,588
EBIT margin	-	-	-7.7%	-	-11.3%	-10.5%	4.1%	0.0%	17.0%
Solvency	43.4%	27.2%	0.2%	34.7%	22.0%	32.2%	45.6%	46.5%	66.9%
Current ratio	1.51	1.19	0.78	1.37	1.09	1.42	1.44	1.76	2.68
Quick ratio	1.43	1.13	0.70	1.29	1.01	1.24	1.38	1.71	2.54
Debt to equity	1.30	2.67	-	1.88	3.55	2.11	1.19	1.15	0.49
ROE	41.9%	174.8%	-	44.4%	8.9%	-134.8%	12.9%	3.5%	100.0%
ROA	18.2%	47.6%	-61.6%	15.4%	2.0%	-43.4%	5.9%	1.6%	66.9%
Interest coverage	6.63	8.44	-66.58	51.29	-27.01	-	-	-	-
Customer credit	-	-	27 days	-	111 days	55 days	46 days	99 days	31 days
Supplier credit	-	-	37 days	-	94 days	54 days	99 days	80 days	33 days

Item	2025	2024	2022	2021	2020
Tangible fixed assets	€14,005	€6,973	€4,481	€1,132	€2,100
Intangible fixed assets	-	-	-	-	€9,400
Financial fixed assets	-	-	€300	-	-
Depreciation and write-downs of the year	€9,669	€5,423	€3,677	€2,695	€3,857

Naze

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency43.4%

Current ratio1.51

Return on assets18.2%

Staff

Staff cost per FTE

Blue and white collar

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on Naze

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