PARTNER (0425.701.722): financials and annual accounts

PARTNER

Antwerp ·KBO/BCE: BE 0425.701.722

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`	11.0m	11.6m	11.3m	9.7m	8.0m	7.8m	7.9m	8.5m	8.4m	6.8m	6.9m	7.0m	6.2m	5.9m	6.7m	6.1m	4.8m	4.9m	4.7m	4.2m
Fixed assets`21/28`	1.0m	1.1m	962,675	795,322	531,062	470,066	516,363	448,440	346,133	331,683	372,912	444,336	326,180	279,374	292,856	207,633	222,280	266,055	259,174	320,613
Intangible fixed assets`21`	270,566	324,066	79,269	62,594	73,504	68,442	32,311	5,088	-	-	-	-	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	528,732	635,605	743,327	596,699	324,129	339,274	434,171	393,471	297,382	280,264	321,073	393,307	288,361	239,755	255,037	175,689	190,336	236,055	229,174	320,613
Land and buildings`22`	-	-	-	-	164,024	247,287	305,133	295,295	120,306	85,594	76,378	76,087	85,500	94,914	104,328	113,742	123,156	132,570	142,734	234,462
Plant, machinery and equipment`23`	53,483	79,525	128,522	133,712	63,730	46,187	69,495	11,325	14,759	13,580	18,760	9,034	12,625	19,024	29,526	8,093	15,516	24,621	20,858	20,155
Furniture and vehicles`24`	157,231	173,095	144,246	50,821	33,978	34,513	44,271	67,593	139,072	153,860	194,719	275,485	175,136	108,890	121,184	53,854	51,664	78,865	65,583	65,997
Other tangible fixed assets`26`	318,018	382,985	470,559	412,166	62,397	11,287	15,273	19,258	23,244	27,230	31,216	32,701	15,099	16,926	-	-	-	-	-	-
Financial fixed assets`28`	235,957	151,609	140,079	136,029	133,429	62,349	49,881	49,881	48,751	51,419	51,839	51,029	37,819	39,619	37,819	31,944	31,944	30,000	30,000	-
Other financial fixed assets`284/8`	235,957	151,609	140,079	136,029	133,429	62,349	49,881	49,881	48,751	51,419	51,839	51,029	37,819	39,619	-	-	-	-	-	-
Amounts receivable and cash guarantees`285/8`	235,957	151,609	140,079	136,029	133,429	62,349	49,881	49,881	48,751	51,419	51,839	51,029	37,819	39,619	-	-	-	-	-	-
Current assets`29/58`	9.9m	10.5m	10.3m	8.9m	7.5m	7.4m	7.4m	8.1m	8.1m	6.5m	6.5m	6.6m	5.9m	5.6m	6.4m	5.9m	4.6m	4.7m	4.4m	3.9m
Stocks and contracts in progress`3`	4.0m	4.0m	4.3m	3.3m	2.8m	2.8m	2.6m	3.2m	2.9m	2.6m	2.4m	2.6m	2.2m	2.2m	2.3m	2.1m	1.6m	2.0m	1.6m	1.4m
Stocks`30/36`	4.0m	4.0m	4.3m	3.3m	2.8m	2.8m	2.6m	3.2m	2.9m	2.6m	2.4m	2.6m	2.2m	2.2m	2.3m	2.1m	1.6m	2.0m	1.6m	1.4m
Raw materials and consumables`30/31`	-	-	-	-	-	-	-	-	2,646	966	977	-	-	-	-	-	-	-	-	-
Goods purchased for resale`34`	4.0m	4.0m	4.3m	3.3m	2.8m	2.8m	2.6m	3.2m	2.9m	2.6m	2.4m	2.6m	2.2m	2.2m	-	-	-	-	-	-
Amounts receivable within one year`40/41`	5.9m	6.4m	5.8m	5.4m	4.5m	4.5m	4.5m	4.7m	5.0m	3.7m	4.0m	3.8m	3.5m	3.4m	3.9m	3.7m	2.7m	2.6m	2.7m	2.4m
Trade receivables`40`	5.8m	5.9m	5.3m	5.0m	4.1m	4.2m	4.3m	4.2m	4.8m	3.7m	3.5m	3.4m	3.3m	3.3m	3.7m	3.7m	2.6m	2.5m	2.6m	2.2m
Other amounts receivable`41`	91,330	503,121	463,380	441,371	396,879	278,837	238,293	477,803	187,263	17,000	472,910	429,908	245,111	154,311	157,258	15,449	129,529	102,554	121,590	201,526
Cash at bank and in hand`54/58`	40,699	62,249	236,160	214,688	187,768	42,922	259,132	167,193	127,558	152,357	128,630	75,695	142,769	28,542	173,189	74,179	223,055	68,100	17,297	54,429
Deferred charges and accrued income`490/1`	18,503	-	5,831	7,837	178	25,425	25,832	27,121	44,701	35,027	29,890	73,460	29,088	14,693	12,650	9,202	1,891	3,183	74,362	24,676
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	11.0m	11.6m	11.3m	9.7m	8.0m	7.8m	7.9m	8.5m	8.4m	6.8m	6.9m	7.0m	6.2m	5.9m	6.7m	6.1m	4.8m	4.9m	4.7m	4.2m
Equity`10/15`	4.0m	4.2m	4.0m	3.6m	3.1m	2.5m	1.8m	1.9m	1.5m	1.1m	1.4m	1.4m	1.4m	1.4m	1.4m	1.3m	1.2m	1.1m	915,740	791,879
Contributions`10/11`	600,000	600,000	600,000	600,000	600,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000
Issued capital`100`	-	-	-	-	-	-	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000
Reserves`13`	3.3m	3.6m	3.3m	3.0m	2.5m	1.9m	1.3m	1.4m	1.0m	619,919	919,919	902,919	902,919	880,919	884,919	798,919	671,919	599,919	410,919	290,919
Non-distributable reserves`130/1`	55,319	55,319	55,319	55,319	55,319	55,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319
Legal reserve`130`	-	-	-	-	-	-	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000
Reserves not available under the articles`1311`	50,000	50,000	50,000	50,000	50,000	50,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other`1319`	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319	5,319
Tax-exempt reserves`132`	37,500	37,500	37,500	37,500	37,500	260,700	260,700	260,700	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500
Distributable reserves`133`	3.2m	3.5m	3.2m	2.9m	2.4m	1.6m	1.0m	1.1m	952,100	527,100	827,100	810,100	810,100	788,100	792,100	706,100	579,100	507,100	318,100	198,100
Profit (loss) carried forward`14`	54,571	48,482	48,382	46,302	46,015	45,928	4,564	594	969	5,793	5,515	4,912	7,819	6,928	6,284	5,811	5,367	4,981	4,821	960
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55,000	55,000	30,000	100,000	80,000	40,000
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55,000	55,000	30,000	100,000	80,000	40,000
Amounts payable`17/49`	7.0m	7.4m	7.3m	6.1m	4.9m	5.4m	6.1m	6.7m	6.9m	5.7m	5.5m	5.6m	4.8m	4.5m	5.2m	4.7m	3.6m	3.7m	3.7m	3.4m
Amounts payable after more than one year`17`	159,048	275,384	172,214	232,733	-	24,675	87,119	134,356	1.9m	1.9m	1.9m	1.9m	1.1m	1.1m	1.2m	1.1m	976,012	868,777	902,961	778,186
Financial debts`170/4`	159,048	275,384	172,214	232,733	-	24,675	87,119	134,356	1.9m	1.9m	1.9m	1.9m	1.1m	1.1m	1.2m	1.1m	976,012	868,777	902,961	778,186
Credit institutions`173`	159,048	275,384	172,214	232,733	-	24,675	87,119	134,356	1.9m	1.9m	1.9m	1.9m	1.1m	1.1m	-	-	-	-	-	-
Amounts payable within one year`42/48`	6.5m	7.1m	7.1m	5.9m	4.9m	5.3m	6.0m	6.5m	5.0m	3.9m	3.6m	3.7m	3.6m	3.4m	4.0m	3.6m	2.6m	2.8m	2.8m	2.6m
Current portion of amounts payable after more than one year`42`	116,336	111,938	58,739	54,922	24,675	62,444	61,368	54,742	51,700	48,348	46,505	48,368	96,904	128,094	120,890	39,058	38,459	24,184	44,024	68,908
Financial debts`43`	2.0m	2.8m	2.4m	1.9m	1.7m	2.0m	2.8m	2.8m	760,884	483,884	225,038	147,158	135,087	125,216	155,374	93,995	100,921	85,666	119,194	223,250
Credit institutions`430/8`	2.0m	2.8m	2.4m	1.9m	1.7m	2.0m	2.8m	2.8m	760,884	483,884	225,038	147,158	135,087	125,216	155,374	-	-	-	119,194	223,250
Other loans`439`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93,995	100,921	85,666	-	-
Trade debts`44`	3.5m	3.7m	4.2m	3.3m	2.6m	2.7m	2.6m	3.1m	3.5m	2.8m	2.8m	3.3m	3.0m	2.7m	3.1m	2.9m	2.0m	2.2m	2.3m	2.0m
Suppliers`440/4`	3.5m	3.7m	4.2m	3.3m	2.6m	2.7m	2.6m	3.1m	3.5m	2.8m	2.8m	3.3m	3.0m	2.7m	3.1m	2.9m	2.0m	2.2m	2.3m	2.0m
Taxes, remuneration and social security`45`	570,613	568,341	413,504	606,787	553,530	549,596	581,923	538,496	695,799	543,653	494,493	234,925	430,369	414,362	571,709	589,878	451,969	531,208	342,846	310,049
Taxes`450/3`	240,638	281,100	139,848	317,909	281,533	306,318	321,683	284,362	460,665	350,373	285,336	77,685	214,917	252,465	449,635	475,444	341,986	429,368	262,235	237,704
Remuneration and social security`454/9`	329,975	287,242	273,656	288,878	271,997	243,279	260,239	254,134	235,134	193,280	209,157	157,240	215,452	161,897	122,075	114,435	109,983	101,840	80,611	72,346
Other amounts payable`47/48`	291,089	-	10,000	10,000	10,000	-	-	-	-	2,414	-	-	-	3,243	65,815	-	-	-	-	-
Accrued charges and deferred income`492/3`	331,375	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,000	-	-
Income statement
Operating income`70/76A`	26.1m	25.8m	25.4m	22.8m	20.9m	20.9m	19.6m	19.0m	18.3m	16.2m	15.1m	14.1m	13.8m	13.8m	-	-	-	-	-	-
Turnover`70`	26.0m	25.7m	25.3m	22.7m	20.8m	20.8m	19.5m	18.9m	18.2m	16.1m	15.0m	14.0m	13.7m	13.7m	-	-	-	-	-	-
Other operating income`74`	82,237	67,664	93,491	82,597	68,319	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-recurring operating income`76A`	-	5,072	7,031	18,758	4,427	8,990	14,568	3,794	4,279	24,540	997	25,131	-	-	-	-	-	-	-	3,365
Gross operating margin`9900`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.6m	1.9m	1.2m	1.5m	1.4m	1.1m
Operating charges`60/66A`	25.4m	25.4m	24.9m	22.2m	20.0m	20.0m	19.1m	18.5m	17.6m	15.7m	15.0m	14.0m	13.7m	13.6m	-	-	-	-	-	-
Goods for resale, raw materials and consumables`60`	20.3m	19.9m	19.9m	17.7m	16.0m	16.2m	15.1m	14.8m	14.1m	12.6m	11.8m	11.0m	10.7m	10.7m	-	-	-	-	-	-
Purchases`600/8`	20.3m	19.7m	20.8m	18.3m	16.0m	16.6m	14.6m	15.0m	14.4m	12.9m	11.6m	11.4m	10.7m	10.6m	-	-	-	-	-	-
Change in stocks: decrease (increase)`609`	34,703	208,848	-984,884	-578,726	44,697	-351,004	583,088	-239,399	-364,291	-265,936	217,457	-421,418	5,373	138,097	-	-	-	-	-	-
Services and other goods`61`	2.3m	2.6m	2.3m	1.9m	1.7m	1.6m	1.7m	1.7m	1.6m	1.3m	1.4m	1.3m	1.3m	1.3m	-	-	-	-	-	-
Remuneration, social security and pensions`62`	2.5m	2.4m	2.4m	2.2m	2.1m	1.8m	2.1m	1.9m	1.7m	1.6m	1.6m	1.7m	1.6m	1.4m	1.3m	1.1m	1.1m	989,002	758,819	721,614
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	327,222	290,704	266,073	221,160	162,055	160,287	153,708	125,784	105,673	101,230	96,563	87,264	86,013	89,769	100,308	54,916	54,910	73,053	72,674	84,907
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-62,577	190,579	8,102	56,251	-	116,353	-	-23,851	76,453	-	-	-	-14,937	37,337	-75,000	97,460	-48,183	56,705	20,234	19,785
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-55,000	-	25,000	-70,000	20,000	40,000	-
Other operating charges`640/8`	29,626	29,523	32,097	20,626	13,543	19,886	21,872	12,287	17,978	15,694	13,279	10,137	50,810	50,361	23,645	17,004	8,076	16,331	100,045	12,323
Non-recurring operating charges`66A`	-	1,091	6,263	25,082	-	6,791	4,505	2,921	416	2,774	11,367	3,549	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	718,942	365,230	558,827	648,568	898,131	907,804	580,743	534,074	730,359	525,371	113,648	75,951	131,654	220,764	279,834	610,021	163,943	347,577	407,641	240,009
Financial income`75/76B`	128,369	155,105	153,310	93,012	76,243	64,955	70,665	58,800	57,924	54,417	43,031	10,506	19,066	15,711	18,971	11,525	41,234	63,945	6,441	22,575
Recurring financial income`75`	128,369	155,105	153,310	93,012	76,243	64,955	70,665	58,800	54,949	54,417	43,031	10,506	19,066	15,711	18,971	11,525	41,234	63,945	6,441	22,575
Income from financial fixed assets`750`	-	-	57,280	5,145	-	-	-	-	-	-	-	-	-	110	-	-	-	-	-	-
Income from current assets`751`	6,497	7,289	5,746	5,293	3,812	2,387	3,922	3,372	1,206	5,463	5,441	4,403	5,954	-	-	-	-	-	-	-
Other financial income`752/9`	121,872	147,816	90,284	82,573	72,431	62,568	66,744	55,428	53,743	48,954	37,590	6,102	13,113	15,601	-	-	-	-	-	-
Non-recurring financial income`76B`	-	-	-	-	-	-	-	-	2,975	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	138,156	187,894	140,259	65,257	53,492	80,310	87,076	95,505	103,167	92,839	84,021	81,706	90,518	96,061	121,138	98,674	75,605	106,712	86,569	87,603
Recurring financial charges`65`	138,156	187,894	140,259	65,257	53,492	80,310	87,076	95,505	103,167	92,839	84,021	81,706	90,518	96,061	121,138	98,674	75,605	106,712	86,569	87,603
Debt charges`650`	122,921	175,827	129,762	54,110	42,522	67,031	70,452	79,315	91,028	80,765	74,142	69,305	59,027	62,301	-	-	-	-	-	-
Other financial charges`652/9`	15,235	12,067	10,497	11,147	10,970	13,279	16,624	16,190	12,139	12,074	9,879	12,401	31,491	33,760	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	709,155	332,441	571,878	676,323	920,881	892,449	564,332	497,369	685,117	486,948	62,289	26,332	60,202	140,414	177,667	522,873	129,572	304,810	327,513	178,345
Income taxes`67/77`	203,066	110,341	169,798	205,036	259,794	251,085	195,363	174,357	264,941	186,671	44,686	29,238	37,311	73,770	91,195	195,428	57,186	115,650	123,651	64,093
Taxes`670/3`	203,066	110,341	169,798	205,036	259,795	251,085	195,363	174,357	264,941	186,671	44,686	29,238	37,311	73,770	-	-	-	-	-	-
Tax adjustments and reversals of tax provisions`77`	-	-	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period`9904`	506,089	222,100	402,080	471,287	661,087	641,364	368,969	323,011	420,176	300,277	17,603	-2,906	22,891	66,644	86,473	327,444	72,386	189,160	203,861	114,253
Transfer from tax-exempt reserves`789`	-	-	-	-	223,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	506,089	222,100	402,080	471,287	884,287	641,364	368,969	323,011	420,176	300,277	17,603	-2,906	22,891	66,644	86,473	327,444	72,386	189,160	203,861	114,253
Appropriation of the result
Profit (loss) to be appropriated`9906`	554,571	270,482	448,382	517,302	930,215	645,928	369,564	323,980	425,969	305,793	22,515	4,912	29,819	72,928	92,284	332,811	77,367	193,981	204,821	114,960
Profit (loss) brought forward from the previous period`14P`	48,482	48,382	46,302	46,015	45,928	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	738,000	-	-	-	100,000	-	400,000	-	-	600,000	-	-	-	70,000	-	200,000	-	-	80,000	-
From reserves`792`	738,000	-	-	-	100,000	-	400,000	-	-	600,000	-	-	-	70,000	-	-	-	-	-	-
Transfer to equity`691/2`	500,000	222,000	390,000	461,000	874,200	600,000	365,000	323,386	425,000	300,000	17,000	-	22,000	66,000	86,000	327,000	72,000	189,000	200,000	114,000
To other reserves`6921`	500,000	222,000	390,000	461,000	874,200	600,000	365,000	323,386	425,000	300,000	17,000	-	22,000	66,000	86,000	327,000	72,000	189,000	200,000	114,000
Profit to be distributed`694/7`	738,000	-	10,000	10,000	110,000	-	400,000	-	-	600,000	-	-	-	70,000	-	200,000	-	-	80,000	-
Return on contributions (dividend)`694`	738,000	-	10,000	10,000	110,000	-	400,000	-	-	600,000	-	-	-	70,000	-	200,000	-	-	80,000	-
Social balance sheet
Average staff (FTE)`9087`	35.3	32.4	33.6	34.1	34.8	36.2	37.1	36.1	34.6	32.6	33.8	34.9	33.8	32.3	30.3	27.1	26.3	25.5	19.1	18.5
Men (FTE)`1003`	21.5	20.3	20.5	21.8	24	25.3	26.4	25.6	25.5	25.7	27.8	28.8	27.1	25	-	-	-	-	-	-
Women (FTE)`1003`	13.8	12.1	13.1	12.3	10.8	10.9	10.7	10.5	9.1	6.9	6	6.1	6.7	7.3	-	-	-	-	-	-
Agency workers`1501`	0.4	2.4	1.7	0.6	0.1	0.6	0.3	1.7	2.8	0.8	1.4	1.1	1.2	1.5	-	-	-	-	-	-
Hours worked`1013`	55,495	52,098	55,370	56,318	58,158	55,922	61,390	59,966	52,296	53,489	54,208	57,800	55,737	53,219	49,530	44,515	43,242	43,264	33,275	31,063
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Financial year	Type	Filed	Reference	Document
31-12-2025	full format	28-08-2026	2026-00495375	PDF
31-12-2024	full format	29-08-2025	2025-00482475	PDF
31-12-2023	full format	30-08-2024	2024-00442309	PDF
31-12-2022	full format	18-08-2023	2023-00338027	PDF
31-12-2021	full format	16-08-2022	2022-20292486	PDF
31-12-2020	full format	31-08-2021	2021-62200267	PDF
31-12-2019	full format	06-10-2020	2020-59400572	PDF
31-12-2018	full format	19-07-2019	2019-35500353	PDF
31-12-2017	full format	28-09-2018	2018-66700480	PDF
31-12-2016	full format	11-08-2017	2017-43100148	PDF
31-12-2015	full format	22-08-2016	2016-45200474	PDF
31-12-2014	full format	22-10-2015	2015-65400040	PDF
31-12-2013	full format	25-08-2014	2014-46500399	PDF
31-12-2012	full format	31-07-2013	2013-38200068	PDF
31-12-2011	abbreviated format	30-07-2012	2012-36100307	PDF
31-12-2010	abbreviated format	09-06-2011	2011-16100056	PDF
31-12-2009	abbreviated format	01-06-2010	2010-14300228	PDF
31-12-2008	abbreviated format	07-08-2009	2009-55300363	PDF
31-12-2007	abbreviated format	30-05-2008	2008-18600319	PDF
31-12-2006	abbreviated format	28-08-2007	2007-70000074	PDF
31-12-2005	abbreviated format	02-06-2006	2006-19500497	PDF
31-12-2004	abbreviated format	01-06-2005	2005-19205039	PDF
31-12-2003	abbreviated format	02-06-2004	2004-18704148	PDF
31-12-2002	abbreviated format	11-06-2003	2003-21704107	PDF
31-12-2001	abbreviated format	25-10-2002	2002-68202294	PDF
31-12-2000	abbreviated format	04-10-2001	2001-61805007	PDF
31-12-1999	abbreviated format	23-05-2000	2000-14100298	PDF
31-12-1998	abbreviated format	17-09-1999	1999-46501925	PDF
31-12-1997	abbreviated format	03-09-1998	1998-44601771	PDF
31-12-1996	abbreviated format	08-08-1997	1997-36900219	PDF
31-12-1995	abbreviated format	04-09-1996	1996-42501476	PDF
31-12-1994	abbreviated format	26-01-1996	1996-01502742	PDF
31-12-1993	abbreviated format	23-08-1994	1994-36704181	PDF
31-12-1992	abbreviated format	01-07-1993	1993-21702217	PDF
31-12-1991	abbreviated format	20-08-1992	1992-28903571	PDF
31-12-1989	abbreviated format	24-08-1990	1990-22301942	PDF
31-12-1987	abbreviated format	29-09-1988	1988-21205263	PDF
31-12-1986	abbreviated format	23-02-1988	1988-01201350	PDF
31-12-1985	abbreviated format	06-01-1987	1987-00200300	PDF

Year	Entries	Awarded	Paid
2025	2	€37,294	€37,558
2024	2	€34,404	€34,140
2023	1	€33,066	€33,066
2022	1	€23,356	€23,356

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	1.0m	655,935	824,900	869,728	1.1m	1.1m	734,452	659,858	836,033	626,601	210,211	163,215	217,667	310,532	380,141	664,937	218,853	420,630	480,315	324,916
Cash flow	833,311	512,804	668,153	692,447	823,142	801,651	522,678	448,795	525,849	401,508	114,166	84,358	108,904	156,413	186,780	382,360	127,296	262,213	276,535	199,160
Investment in fixed assets	163,141	428,869	435,639	488,136	151,971	108,052	221,631	230,489	124,547	65,113	40,364	198,014	134,619	95,439	185,531	40,269	11,135	79,934	90,430	58,861
Change in cash	-21,551	-173,911	21,473	26,919	144,846	-216,210	91,939	39,634	-24,799	23,727	52,935	-67,074	114,226	-144,646	99,010	-148,877	154,955	50,803	-37,132	-
Working capital	3.4m	3.4m	3.2m	3.0m	2.6m	2.0m	1.4m	1.6m	3.1m	2.6m	2.9m	2.9m	2.2m	2.2m	2.4m	2.2m	2.0m	1.8m	1.6m	1.3m
EBIT margin	2.8%	1.4%	2.2%	2.9%	4.3%	4.4%	3.0%	2.8%	4.0%	3.3%	0.8%	0.5%	1.0%	1.6%	-	-	-	-	-	-
Solvency	36.3%	36.3%	35.4%	36.9%	39.0%	31.7%	23.2%	21.9%	18.4%	16.5%	20.6%	20.1%	22.8%	23.5%	20.8%	21.4%	24.6%	22.4%	19.6%	18.7%
Current ratio	1.53	1.48	1.45	1.51	1.53	1.38	1.24	1.24	1.61	1.69	1.82	1.77	1.61	1.66	1.60	1.62	1.75	1.64	1.59	1.49
Quick ratio	0.91	0.91	0.85	0.95	0.96	0.85	0.80	0.75	1.03	1.00	1.16	1.07	1.02	1.02	1.01	1.05	1.12	0.94	1.01	0.96
Debt to equity	1.76	1.75	1.82	1.71	1.56	2.16	3.31	3.56	4.44	5.07	3.85	3.99	3.39	3.26	3.77	3.62	3.04	3.37	4.02	4.31
ROE	12.7%	5.3%	10.1%	13.1%	21.1%	25.8%	20.0%	17.2%	27.2%	26.7%	1.2%	-0.2%	1.6%	4.8%	6.2%	25.1%	6.1%	17.1%	22.3%	14.4%
ROA	4.6%	1.9%	3.6%	4.8%	8.2%	8.2%	4.6%	3.8%	5.0%	4.4%	0.3%	0.0%	0.4%	1.1%	1.3%	5.4%	1.5%	3.8%	4.4%	2.7%
Interest coverage	8.51	3.73	6.36	16.07	24.93	15.93	10.42	8.32	9.18	7.76	2.84	2.36	3.69	4.98	-	-	-	-	-	-
Customer credit	81 days	84 days	76 days	80 days	72 days	73 days	80 days	82 days	96 days	83 days	86 days	89 days	87 days	87 days	-	-	-	-	-	-
Supplier credit	57 days	59 days	69 days	62 days	54 days	56 days	57 days	69 days	81 days	73 days	78 days	98 days	90 days	82 days	-	-	-	-	-	-

By geographic market	2019	2020
omzet belgie	€18,061,933	€19,332,339
omzet eu landen	€1,415,770	€1,434,531
omzet niet eu landen	€53,845	€41,178
Total	€19,531,548	€20,808,047

PARTNER

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency36.3%

Current ratio1.53

Return on assets4.6%

Staff

Men and women39% women

Staff cost per FTE€70,375

Joined and left+3

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 6 entries, €128,120 awarded, €128,120 paid

Federal government 2025, 1 entry, €7,593 in total

Key figures and ratios

Revenue breakdown

By activity 2025

By geographic market 2020

By activity

By geographic market

Social balance sheet

Securities and guarantees

Investments

Auditor

Public contracts

Insights on PARTNER

Next steps

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	39	36	33	37	35
full-time	30	28	27	31	29
part-time	9	8	6	6	6
in full-time equivalents	36.7	33.3	31.2	34.4	33
Average over the year, in full-time equivalents	35.3	32.4	33.6	34.1	34.8
On a permanent contract	38	34	33	36	35
Joined	18	27	17	15	2
Left	15	24	21	13	3
Agency workers, average number	0.4	2.4	1.7	0.6	0.1

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	€2.3m	€3.1m	€2.7m	€2.2m	€1.7m
Mortgages, amount registered	€181,500	€181,500	€181,500	€181,500	€503,762
Carrying value of the mortgaged assets	€318,018	€382,985	€468,059	€409,666	€164,024
Pledge on the business	-	-	-	-	€264,000

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€111,225	€122,283	€387,727	€469,521	€126,746
Intangible fixed assets	€51,917	€306,586	€47,912	€18,615	€25,225
Depreciation and write-downs of the year	€327,222	€290,704	€266,073	€221,160	€162,055

Item	2025	2024	2023	2022	2021
Fee for the audit	€13,300	€13,000	€12,600	€12,000	€11,000
Other work by the auditor	€5,350	-	€1,000	-	€750