ORGANIC (0807.879.247): financials and annual accounts

ORGANIC

Antwerp ·KBO/BCE: BE 0807.879.247

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Balance sheet: assets
Total assets`20/58`	3.3m	4.0m	3.5m	2.8m	2.3m	1.6m	2.1m	2.0m	2.0m	1.4m	1.1m	739,868	639,777	547,983	405,743	341,706	278,642
Fixed assets`21/28`	1.2m	1.5m	1.0m	845,299	455,512	246,026	553,670	750,291	1.1m	733,100	570,199	373,760	349,101	359,519	290,622	267,884	202,487
Intangible fixed assets`21`	128,090	164,540	24,451	4,677	2,054	8,473	16,945	3,372	10,102	6,717	759	3,169	5,579	15,218	33,692	46,947	41,259
Tangible fixed assets`22/27`	1.1m	1.3m	957,563	826,497	424,333	209,228	358,400	722,245	1.0m	701,709	541,520	346,046	290,846	328,135	241,764	205,771	161,062
Land and buildings`22`	99,589	118,734	127,476	144,690	162,900	3,420	5,766	2,412	3,618	4,824	-	-	-	-	-	-	-
Plant, machinery and equipment`23`	863,029	1.0m	545,408	301,527	55,970	142,036	226,851	526,887	834,989	577,110	462,989	291,424	286,833	327,206	241,465	205,172	160,164
Furniture and vehicles`24`	16,668	17,492	27,743	42,161	127,957	5,599	10,860	11,943	8,413	4,524	5,852	7,467	4,013	929	299	599	898
Leasing and similar rights`25`	109,506	185,030	256,936	338,119	77,506	-	-	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	21,625	21,625	21,625	14,125	29,125	28,325	178,325	24,675	24,675	24,675	27,920	24,545	52,676	16,166	15,166	15,166	166
Current assets`29/58`	2.1m	2.5m	2.5m	2.0m	1.9m	1.3m	1.5m	1.3m	896,483	676,594	533,631	366,108	290,676	188,464	115,121	73,822	76,155
Stocks and contracts in progress`3`	883,819	252,897	683,336	881,050	582,593	735,137	714,507	531,531	255,730	54,334	71,600	79,010	65,760	4,353	-	-	-
Stocks`30/36`	883,819	252,897	683,336	881,050	582,593	735,137	714,507	531,531	255,730	54,334	71,600	79,010	65,760	4,353	-	-	-
Amounts receivable within one year`40/41`	1.1m	2.3m	1.8m	789,688	864,205	535,755	752,094	675,361	478,909	567,938	281,253	237,000	191,585	181,088	107,130	69,452	74,258
Trade receivables`40`	562,411	1.9m	1.6m	692,105	795,358	457,405	672,246	661,761	463,455	551,278	265,267	203,722	176,020	92,067	81,207	44,354	53,375
Other amounts receivable`41`	559,661	401,444	194,204	97,583	68,847	78,350	79,848	13,600	15,455	16,659	15,986	33,278	15,565	89,021	25,923	25,098	20,883
Cash at bank and in hand`54/58`	13,194	3,806	46,756	290,333	403,448	44,397	31,402	47,046	161,844	54,323	180,778	50,098	31,643	1,868	233	101	-
Deferred charges and accrued income`490/1`	37,786	13,188	12,292	5,486	20,781	7,280	30,514	-	-	-	-	-	1,688	1,155	7,758	4,269	1,897
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	3.3m	4.0m	3.5m	2.8m	2.3m	1.6m	2.1m	2.0m	2.0m	1.4m	1.1m	739,868	639,777	547,983	405,743	341,706	278,642
Equity`10/15`	636,213	636,010	442,820	424,941	379,352	21,418	362,706	247,031	178,319	345,437	263,640	220,320	-28,743	-31,767	22,892	18,147	30,154
Contributions`10/11`	240,000	240,000	240,000	240,000	240,000	240,000	240,000	240,000	240,000	240,000	240,000	240,000	66,000	66,000	66,000	66,000	66,000
Capital`10`	240,000	240,000	240,000	240,000	240,000	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	240,000	240,000	240,000	240,000	240,000	240,000	240,000	240,000	240,000	240,000	240,000	240,000	66,000	66,000	66,000	66,000	66,000
Reserves`13`	84,000	84,000	84,000	84,000	84,000	84,000	84,000	84,000	84,000	84,000	1,182	-	-	-	-	-	-
Non-distributable reserves`130/1`	24,000	24,000	24,000	24,000	24,000	24,000	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	1,182	-	-	-	-	-	-
Distributable reserves`133`	60,000	60,000	60,000	60,000	60,000	60,000	60,000	60,000	60,000	60,000	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	312,213	312,010	118,820	100,941	55,352	-302,582	38,706	-76,969	-145,681	21,437	22,458	-19,680	-94,743	-97,767	-43,108	-47,853	-35,846
Amounts payable`17/49`	2.7m	3.4m	3.1m	2.4m	1.9m	1.5m	1.7m	1.8m	1.8m	1.1m	840,190	519,548	668,520	579,750	382,851	323,559	248,488
Amounts payable after more than one year`17`	558,656	469,258	802,395	1.0m	634,077	392,039	186,616	335,872	517,541	302,574	309,086	208,361	-	-	-	-	-
Financial debts`170/4`	558,656	469,258	802,395	1.0m	634,077	392,039	186,616	335,872	517,541	302,574	309,086	208,361	-	-	-	-	-
Amounts payable within one year`42/48`	2.1m	2.9m	2.2m	1.3m	1.3m	1.1m	1.5m	1.4m	1.2m	761,683	530,646	311,187	668,520	578,456	381,737	322,796	248,086
Current portion of amounts payable after more than one year`42`	576,358	690,686	576,899	673,102	529,302	521,669	662,970	509,904	509,058	242,882	114,654	24,030	-	49,024	-	-	-
Financial debts`43`	-	-	-	-	-	-	-	1,634	-	163	-	-	-	-	48,312	24,386	6,622
Credit institutions`430/8`	-	-	-	-	-	-	-	1,634	-	163	-	-	-	-	48,312	24,386	6,622
Trade debts`44`	1.1m	1.9m	1.2m	467,910	601,266	420,837	638,894	432,928	426,577	276,880	247,751	137,282	328,546	173,063	97,406	92,826	108,977
Suppliers`440/4`	1.1m	1.9m	1.2m	467,910	601,266	420,837	638,894	432,928	426,577	276,880	247,751	137,282	328,546	173,063	97,406	92,826	108,977
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	-	-	29,042	8,496	4,139	-	-
Taxes, remuneration and social security`45`	259,462	256,901	396,180	135,751	133,489	126,378	160,118	317,932	154,169	92,393	32,977	18,886	19,046	8,102	8,251	25,956	9,347
Taxes`450/3`	136,405	169,649	237,106	69,081	75,083	26,506	64,142	173,331	57,585	39,244	15,254	887	5,087	969	927	7,158	1,927
Remuneration and social security`454/9`	123,057	87,252	159,074	66,670	58,405	99,872	95,975	144,600	96,584	53,148	17,723	17,999	13,959	7,133	7,324	18,798	7,420
Other amounts payable`47/48`	100,000	85,188	39,107	53,221	26,317	78,344	50,279	151,228	149,366	149,366	135,264	130,989	291,886	339,771	223,629	179,628	123,140
Accrued charges and deferred income`492/3`	42,711	37,818	42,363	12,938	22,736	7,909	20,604	7,700	15,400	-	458	-	-	1,294	1,114	763	402
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	1.7m	-	-	-	-	-
Non-recurring operating income`76A`	-	0	12,397	27,066	26,156	3,473	-	-	-	-	-	763	-	-	-	-	-
Gross operating margin`9900`	1.5m	1.6m	1.6m	1.2m	1.0m	390,350	1.6m	1.9m	1.2m	974,458	599,221	407,601	255,234	59,396	171,431	138,771	103,800
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	1.3m	-	-	-	-	-
Remuneration, social security and pensions`62`	860,685	928,731	1.3m	849,724	428,496	409,723	869,965	1.1m	593,859	312,845	134,569	99,969	89,772	61,523	49,321	86,777	49,994
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	414,377	300,334	231,564	165,275	176,435	259,800	570,639	699,727	763,380	517,302	372,245	219,589	146,790	61,208	110,144	60,572	83,724
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	1,452	11,862	14,643	13,713	1,608	-	6,361	-	2,190	-3,194	-	-	3,194
Other operating charges`640/8`	22,103	28,067	28,989	30,862	12,143	17,303	14,479	67,941	19,146	8,616	4,716	2,370	7,958	458	125	407	770
Non-recurring operating charges`66A`	137,859	14,185	0	17,597	456	1,319	-	-	-	2,438	-	-	-	3,194	-	-	-
Operating profit (loss)`9901`	110,857	373,019	99,894	112,617	384,224	-309,658	167,034	93,539	-132,657	133,257	81,330	85,673	8,524	-60,599	11,841	-8,985	-33,882
Financial income`75/76B`	11,639	3,686	2,175	7,795	27,631	6,120	1,379	15,792	4,587	18,229	12,276	1,833	1,077	15,275	160	431	68
Recurring financial income`75`	11,639	3,686	2,175	4,795	27,631	6,120	1,379	15,792	4,587	18,229	12,276	1,833	1,077	15,275	160	431	68
Non-recurring financial income`76B`	-	-	0	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	105,331	100,091	73,171	68,840	34,748	37,471	52,079	33,338	39,046	36,576	36,958	13,206	6,577	6,441	7,256	3,453	2,032
Recurring financial charges`65`	105,331	100,091	73,171	68,840	34,748	37,471	52,079	33,338	39,046	36,576	36,958	13,206	6,577	6,441	7,256	3,453	2,032
Non-recurring financial charges`66B`	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	17,165	276,614	28,898	51,572	377,106	-341,009	116,335	75,993	-167,115	114,910	56,648	75,063	3,024	-54,959	4,745	-12,007	-35,846
Income taxes`67/77`	16,963	83,423	11,019	5,983	19,173	279	660	7,281	3	33,113	13,328	-	-	-	-	-	-
Profit (loss) for the period`9904`	203	193,191	17,879	45,589	357,934	-341,288	115,675	68,712	-167,118	81,797	43,320	75,063	3,024	-54,959	4,745	-12,007	-35,846
Profit (loss) for the period to be appropriated`9905`	203	193,191	17,879	45,589	357,934	-341,288	115,675	68,712	-167,118	81,797	43,320	75,063	3,024	-54,959	4,745	-12,007	-35,846
Appropriation of the result
Profit (loss) to be appropriated`9906`	312,213	312,010	118,820	100,941	55,352	-302,582	38,706	-76,969	-145,681	104,255	23,640	-19,680	-94,743	-97,767	-43,108	-47,853	-35,846
Profit (loss) brought forward from the previous period`14P`	312,010	118,820	100,941	55,352	-302,582	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	82,818	1,182	-	-	-	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	22,818	1,182	-	-	-	-	-	-
To other reserves`6921`	-	-	-	-	-	-	-	-	-	60,000	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	13.4	14.8	22.8	15.9	11.7	17	18.9	26.3	14.7	7.6	3.5	2.7	2	1	1.3	2	0.8
Hours worked`1013`	21,136	24,423	34,626	24,954	13,831	13,026	31,527	44,885	12,573	12,535	5,930	8,818	4,747	3,424	3,063	-	3,078
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Financial year	Type	Filed	Reference	Document
31-12-2025	full format	21-09-2026	2026-00522694	PDF
31-12-2024	abbreviated format	30-09-2025	2025-00524879	PDF
31-12-2023	abbreviated format	10-09-2024	2024-00458199	PDF
31-12-2022	abbreviated format	22-08-2023	2023-00351405	PDF
31-12-2021	abbreviated format	31-08-2022	2022-20388922	PDF
31-12-2020	abbreviated format	10-08-2021	2021-47900276	PDF
31-12-2019	abbreviated format	26-10-2020	2020-64300527	PDF
31-12-2018	abbreviated format	28-08-2019	2019-58500489	PDF
31-12-2017	abbreviated format	31-08-2018	2018-59100285	PDF
31-12-2016	abbreviated format	10-08-2017	2017-43100279	PDF
31-12-2015	abbreviated format	29-08-2016	2016-52300193	PDF
31-12-2014	abbreviated format	24-08-2015	2015-46800470	PDF
31-12-2013	abbreviated format	28-08-2014	2014-51500531	PDF
31-12-2012	abbreviated format	25-06-2013	2013-21600107	PDF
31-12-2011	full format	15-07-2012	2012-31000132	PDF
31-12-2010	full format	20-07-2011	2011-32000488	PDF
31-12-2009	full format	19-08-2010	2010-41900494	PDF

Year	Entries	Awarded	Paid
2025	4	€855	€855
2024	1	€15,475	€0
2023	1	€0	€30,325
2022	2	€40,284	€434

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
EBITDA	525,234	673,352	331,458	277,892	560,659	-49,858	737,674	793,266	630,723	650,559	453,575	305,262	155,314	609	121,985	51,587	49,842
Cash flow	414,579	493,524	249,443	210,864	534,369	-81,488	686,315	768,438	596,261	599,100	415,565	294,652	149,814	6,249	114,889	48,565	47,878
Investment in fixed assets	136,541	871,388	600,958	676,428	476,273	115,701	374,019	401,678	1.1m	683,449	568,684	272,379	136,372	131,356	132,884	125,968	286,211
Change in cash	9,388	-42,950	-243,577	-113,115	359,051	12,995	-15,644	-114,797	107,521	-126,455	130,680	18,455	29,775	1,635	132	-	-
Working capital	-928	-373,257	283,938	636,572	580,653	175,341	16,256	-159,688	-342,686	-85,089	2,985	54,921	-377,844	-389,992	-266,616	-248,974	-171,931
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	5.0%	-	-	-	-	-
Solvency	19.3%	15.7%	12.6%	15.1%	16.3%	1.4%	17.4%	12.3%	9.1%	24.5%	23.9%	29.8%	-4.5%	-5.8%	5.6%	5.3%	10.8%
Current ratio	1.00	0.87	1.13	1.48	1.45	1.15	1.01	0.89	0.72	0.89	1.01	1.18	0.43	0.33	0.30	0.23	0.31
Quick ratio	0.57	0.78	0.82	0.82	1.00	0.51	0.54	0.51	0.52	0.82	0.87	0.92	0.34	0.32	0.30	0.23	0.31
Debt to equity	4.18	5.36	6.92	5.62	5.13	72.24	4.74	7.11	9.94	3.08	3.19	2.36	-	-	16.72	17.83	8.24
ROE	0.0%	30.4%	4.0%	10.7%	94.4%	-	31.9%	27.8%	-93.7%	23.7%	16.4%	34.1%	-	-	20.7%	-66.2%	-118.9%
ROA	0.0%	4.8%	0.5%	1.6%	15.4%	-21.8%	5.6%	3.4%	-8.6%	5.8%	3.9%	10.1%	0.5%	-10.0%	1.2%	-3.5%	-12.9%
Interest coverage	4.99	6.73	4.53	4.04	16.13	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	43 days	-	-	-	-	-
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	38 days	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	13	13	17	16	12
full-time	12	13	16	16	11
part-time	1	0	1	-	1
in full-time equivalents	12.8	13	16.8	16	11.8
Average over the year, in full-time equivalents	13.4	14.8	22.8	15.9	11.7
On a permanent contract	13	13	17	16	12
Joined	2	3	22	15	6
Left	2	7	21	11	10

ORGANIC

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency19.3%

Current ratio1.00

Return on assets0.0%

Staff

Staff cost per FTE€64,230

Joined and left+0

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 8 entries, €56,614 awarded, €31,614 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on ORGANIC

Next steps

Item	2025	2024	2023	2022	2021
Debts guaranteed by Belgian public bodies	€225,000	€380,000	€380,000	€380,000	-
Pledge on other assets, amount secured	€150,000	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€135,291	€719,388	€564,508	€671,313	€473,113
Intangible fixed assets	€1,250	€152,000	€28,950	€5,115	€2,360
Financial fixed assets	-	-	€7,500	-	€800
Depreciation and write-downs of the year	€414,377	€300,334	€231,564	€165,275	€176,435