PEER (0437.262.043): financials and annual accounts

PEER

Antwerp ·KBO/BCE: BE 0437.262.043

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`	665,825	655,604	640,648	611,003	641,621	513,071	449,782	396,522	267,260	242,606	240,170	200,628	273,653	333,330	327,537	281,665	333,313	303,641	238,576	146,860
Fixed assets`21/28`	6,496	9,696	12,896	15,200	18,400	22,124	25,324	32,674	10,024	13,245	17,218	2,325	524	525	524	2,935	40,760	42,841	45,264	41,137
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	400	600	800	-
Tangible fixed assets`22/27`	6,496	9,696	12,896	15,200	18,400	21,600	24,800	32,150	9,500	12,720	16,694	1,800	-	-	-	2,211	4,423	6,304	8,527	5,200
Land and buildings`22`	6,000	9,000	12,000	15,000	18,000	21,000	24,000	27,000	-	-	-	-	-	-	-	2,040	4,080	6,120	8,160	-
Plant, machinery and equipment`23`	496	696	896	200	400	600	800	1,377	1,953	1,400	1,600	1,800	-	-	-	171	343	-	-	-
Furniture and vehicles`24`	-	-	-	-	-	-	-	3,773	7,547	11,320	15,094	-	-	-	-	-	-	184	367	5,200
Financial fixed assets`28`	-	-	-	-	-	524	524	524	524	524	524	525	524	525	524	524	35,937	35,937	35,937	35,937
Current assets`29/58`	659,329	645,907	627,752	595,803	623,221	490,947	424,458	363,848	257,236	229,361	222,952	198,303	273,129	332,805	327,013	278,730	292,553	260,800	193,312	105,723
Stocks and contracts in progress`3`	656,070	633,739	619,275	592,744	616,304	485,906	415,175	350,856	252,783	213,496	191,702	187,056	252,522	330,640	326,274	277,789	278,127	257,747	191,843	94,953
Stocks`30/36`	656,070	633,739	619,275	592,744	616,304	485,906	415,175	350,856	252,783	213,496	191,702	187,056	252,522	330,640	326,274	277,789	278,127	257,747	191,843	94,953
Amounts receivable within one year`40/41`	-	153	-	-	6,656	6	6	10,176	556	5,744	6	1,139	522	6	6	6	6	57	6	576
Trade receivables`40`	-	-	-	-	6,650	-	-	10,170	550	5,700	-	650	-	-	-	-	-	-	-	300
Other amounts receivable`41`	-	153	-	-	6	6	6	6	6	44	6	489	522	6	6	6	6	57	6	276
Cash at bank and in hand`54/58`	3,054	8,059	8,476	3,060	261	5,035	9,277	2,816	3,897	10,121	31,244	10,108	20,085	2,159	733	935	14,420	2,996	1,463	10,194
Deferred charges and accrued income`490/1`	204	3,956	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	665,825	655,604	640,648	611,003	641,621	513,071	449,782	396,522	267,260	242,606	240,170	200,628	273,653	333,330	327,537	281,665	333,313	303,641	238,576	146,860
Equity`10/15`	171,333	163,669	144,602	133,094	153,342	136,419	109,188	98,483	69,851	83,269	70,387	46,571	118,465	104,889	98,213	72,405	69,193	42,729	23,139	22,595
Contributions`10/11`	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Issued capital`100`	-	-	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Reserves`13`	32,689	32,689	32,689	32,689	32,689	32,689	32,689	32,689	32,689	32,689	32,689	32,689	17,564	17,564	17,564	17,564	17,564	16,554	16,155	16,155
Non-distributable reserves`130/1`	32,689	32,689	32,689	32,689	32,689	32,689	30,830	30,830	30,830	30,830	30,830	30,830	15,705	15,705	15,705	15,705	15,705	15,705	15,705	15,705
Legal reserve`130`	-	-	-	-	-	-	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	849	450	450
Reserves not available under the articles`1311`	32,689	32,689	32,689	32,689	32,689	32,689	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other`1319`	-	-	-	-	-	-	30,830	30,830	30,830	30,830	30,830	30,830	15,705	15,705	15,705	15,705	15,705	15,705	15,705	15,705
Profit (loss) carried forward`14`	120,052	112,388	93,321	81,813	102,061	85,138	57,907	47,202	18,570	31,988	19,106	-4,710	82,309	68,733	62,057	36,249	33,037	7,583	-11,608	-12,152
Amounts payable`17/49`	494,492	491,934	496,047	477,910	488,279	376,652	340,594	298,040	197,409	159,336	169,782	154,057	155,188	228,441	229,324	209,260	264,120	260,912	215,437	124,265
Amounts payable after more than one year`17`	-	-	-	-	-	-	1,573	5,154	8,478	11,563	14,426	-	-	2,929	20,120	36,674	-	-	-	-
Financial debts`170/4`	-	-	-	-	-	-	1,573	5,154	8,478	11,563	14,426	-	-	2,929	20,120	36,674	-	-	-	-
Amounts payable within one year`42/48`	494,492	491,934	496,047	477,910	488,279	376,652	339,021	292,885	188,931	147,773	155,356	154,057	155,188	225,512	208,839	172,586	264,120	260,912	215,437	124,265
Financial debts`43`	118,935	124,649	125,649	89,925	89,925	89,925	89,925	89,925	75,425	61,425	61,425	61,424	76,550	76,550	76,549	76,549	76,550	76,550	86,650	76,550
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,100	-
Other loans`439`	118,935	124,649	125,649	89,925	89,925	89,925	89,925	89,925	75,425	61,425	61,425	61,424	76,550	76,550	76,549	76,549	76,550	76,550	76,550	76,550
Trade debts`44`	62,445	55,154	53,258	53,492	87,774	15,646	4,888	33,455	25,939	16,807	20,258	15,289	2,235	83,931	76,351	43,634	121,590	161,808	91,741	21,189
Suppliers`440/4`	62,445	55,154	53,258	53,492	87,774	15,646	4,888	33,455	25,939	16,807	20,258	15,289	2,235	83,931	76,351	43,634	121,590	161,808	91,741	21,189
Taxes, remuneration and social security`45`	28,405	27,645	32,191	32,979	23,814	10,744	19,483	13,375	6,037	12,801	9,707	9,977	4,371	8,771	8,301	7,365	22,182	4,730	19,222	7,808
Taxes`450/3`	28,405	27,645	32,191	32,979	23,814	10,744	19,483	13,375	6,037	12,801	9,707	9,977	4,371	8,771	8,301	7,365	22,182	4,730	19,222	7,808
Other amounts payable`47/48`	284,707	284,487	284,950	301,514	286,766	260,337	224,726	156,130	81,530	56,741	63,967	67,367	72,032	56,260	47,638	45,038	43,798	17,824	17,824	18,718
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	365	-	-	-	-	-
Income statement
Gross operating margin`9900`	15,193	34,019	18,185	-13,492	30,503	6,571	24,245	39,102	27,156	21,419	32,726	-9,078	22,086	16,194	34,523	11,029	40,182	26,143	12,096	6,824
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	3,200	3,200	3,304	3,200	3,200	3,200	7,350	7,350	4,350	3,973	3,973	200	-	-	2,411	2,410	2,594	2,423	7,624	5,199
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-30,700	-	-	30,700	-	-	-	-	-	-	-	-	-	-	-
Other operating charges`640/8`	894	4,027	1,207	927	507	680	731	1,028	3,312	1,040	2,351	12,615	4,858	1,958	3,502	1,502	1,254	4,053	3,376	385
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	55,000	-	-	-	-	-	-	-	4,338
Operating profit (loss)`9901`	11,099	26,792	13,675	-17,619	26,796	33,392	16,165	30,724	-11,205	16,406	26,402	-21,893	17,228	14,236	28,610	7,117	36,334	19,667	1,096	1,240
Financial income`75/76B`	27	0	-	0	-	114	31	72	-	-	-	94	-	-	1	126	310	1,141	-	39
Recurring financial income`75`	27	0	-	0	-	114	31	72	-	-	-	94	-	-	1	126	310	1,141	-	39
Financial charges`65/66B`	1,222	3,018	2,167	4,347	3,489	696	2,981	2,065	2,116	3,524	2,585	1,142	935	1,972	2,750	2,728	1,405	1,218	552	414
Recurring financial charges`65`	1,222	3,018	2,167	4,347	3,489	696	2,981	2,065	2,116	3,524	2,585	1,142	935	1,972	2,750	2,728	1,405	1,218	552	414
Profit (loss) for the period before taxes`9903`	9,905	23,774	11,508	-21,966	23,307	32,810	13,214	28,731	-13,321	12,882	23,817	-77,941	16,293	12,264	25,861	4,515	35,239	19,590	544	-3,473
Income taxes`67/77`	2,241	4,706	-	-1,717	6,384	5,579	2,509	99	98	-	-	9,078	2,716	5,588	53	1,303	8,775	-	-	-
Profit (loss) for the period`9904`	7,664	19,068	11,508	-20,249	16,923	27,231	10,705	28,632	-13,419	12,882	23,817	-87,019	13,577	6,676	25,808	3,212	26,464	19,590	544	-3,473
Profit (loss) for the period to be appropriated`9905`	7,664	19,068	11,508	-20,249	16,923	27,231	10,705	28,632	-13,419	12,882	23,817	-87,019	13,577	6,676	25,808	3,212	26,464	19,590	544	-3,473
Appropriation of the result
Profit (loss) to be appropriated`9906`	120,052	112,388	93,321	81,813	102,061	85,138	57,907	47,202	18,570	31,988	19,106	-4,710	82,309	68,733	62,057	36,249	34,047	7,982	-11,608	-12,152
Profit (loss) brought forward from the previous period`14P`	112,388	93,321	81,813	102,061	85,138	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,010	399	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,010	399	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	25-09-2026	2026-00523830	PDF
31-12-2024	micro format	20-07-2025	2025-00289717	PDF
31-12-2023	micro format	27-06-2024	2024-00173600	PDF
31-12-2022	micro format	04-07-2023	2023-00205159	PDF
31-12-2021	micro format	26-07-2022	2022-20222391	PDF
31-12-2020	micro format	12-09-2021	2021-67000158	PDF
31-12-2019	micro format	24-08-2020	2020-44100134	PDF
31-12-2018	micro format	06-08-2019	2019-44200417	PDF
31-12-2017	micro format	05-07-2018	2018-28900480	PDF
31-12-2016	micro format	27-07-2017	2017-37200049	PDF
31-12-2015	abbreviated format	16-08-2016	2016-42900359	PDF
31-12-2014	abbreviated format	17-07-2015	2015-32000328	PDF
31-12-2013	abbreviated format	01-08-2014	2014-38900117	PDF
31-12-2012	abbreviated format	05-08-2013	2013-39700599	PDF
31-12-2011	abbreviated format	02-08-2012	2012-38100084	PDF
31-12-2010	abbreviated format	10-06-2011	2011-16000547	PDF
31-12-2009	abbreviated format	14-06-2010	2010-17600240	PDF
31-12-2008	abbreviated format	22-06-2009	2009-26900319	PDF
31-12-2007	abbreviated format	24-06-2008	2008-28000183	PDF
31-12-2006	abbreviated format	29-08-2007	2007-65300368	PDF
31-12-2005	abbreviated format	08-06-2006	2006-21504855	PDF
31-12-2004	abbreviated format	20-06-2005	2005-28801531	PDF
31-12-2003	abbreviated format	27-07-2004	2004-51600762	PDF
31-12-2002	abbreviated format	07-07-2003	2003-40305190	PDF
31-12-2001	abbreviated format	22-08-2002	2002-49301866	PDF
31-12-2000	abbreviated format	17-07-2001	2001-39104608	PDF
31-12-1999	abbreviated format	02-08-2000	2000-48804840	PDF
31-12-1998	abbreviated format	13-08-1999	1999-41104626	PDF
31-12-1997	abbreviated format	22-07-1998	1998-35003712	PDF
31-12-1996	abbreviated format	21-10-1997	1997-50000302	PDF
31-12-1995	abbreviated format	24-01-1997	1997-01201542	PDF
31-12-1994	abbreviated format	12-07-1995	1995-38802761	PDF
31-12-1993	abbreviated format	25-10-1994	1994-45005324	PDF
31-12-1992	abbreviated format	01-09-1993	1993-33900731	PDF
31-12-1991	abbreviated format	08-12-1992	1992-39902042	PDF
31-12-1990	abbreviated format	11-02-1992	1992-01605207	PDF
31-12-1989	abbreviated format	08-03-1991	1991-02403984	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	14,299	29,992	16,978	-14,419	29,996	36,592	23,515	38,074	-6,855	20,379	30,375	-21,693	-	-	31,021	9,527	38,928	22,090	8,720	6,439
Cash flow	10,864	22,268	14,811	-17,049	20,123	30,431	18,055	35,982	-9,069	16,855	27,790	-86,819	-	-	28,219	5,622	29,058	22,013	8,168	1,726
Investment in fixed assets (approximation)	0	0	1,000	0	-524	0	0	30,000	1,130	0	18,867	2,000	-	-	0	-35,415	513	0	11,750	35,413
Change in cash	-5,005	-417	5,417	2,799	-4,774	-4,242	6,461	-1,080	-6,225	-21,122	21,136	-9,977	17,926	1,426	-202	-13,485	11,424	1,533	-8,731	-
Working capital	164,837	153,973	131,705	117,894	134,942	114,295	85,436	70,963	68,305	81,588	67,595	44,246	117,941	107,293	118,174	106,144	28,433	-112	-22,125	-18,542
Solvency	25.7%	25.0%	22.6%	21.8%	23.9%	26.6%	24.3%	24.8%	26.1%	34.3%	29.3%	23.2%	43.3%	31.5%	30.0%	25.7%	20.8%	14.1%	9.7%	15.4%
Current ratio	1.33	1.31	1.27	1.25	1.28	1.30	1.25	1.24	1.36	1.55	1.44	1.29	1.76	1.48	1.57	1.62	1.11	1.00	0.90	0.85
Quick ratio	0.01	0.02	0.02	0.01	0.01	0.01	0.03	0.04	0.02	0.11	0.20	0.07	0.13	0.01	0.00	0.01	0.05	0.01	0.01	0.09
Debt to equity	2.89	3.01	3.43	3.59	3.18	2.76	3.12	3.03	2.83	1.91	2.41	3.31	1.31	2.18	2.33	2.89	3.82	6.11	9.31	5.50
ROE	4.5%	11.7%	8.0%	-15.2%	11.0%	20.0%	9.8%	29.1%	-19.2%	15.5%	33.8%	-186.9%	11.5%	6.4%	26.3%	4.4%	38.2%	45.8%	2.4%	-15.4%
ROA	1.2%	2.9%	1.8%	-3.3%	2.6%	5.3%	2.4%	7.2%	-5.0%	5.3%	9.9%	-43.4%	5.0%	2.0%	7.9%	1.1%	7.9%	6.5%	0.2%	-2.4%
Interest coverage	11.71	9.94	7.83	-3.32	8.60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	€1,000	-	-
Depreciation and write-downs of the year	€3,200	€3,200	€3,304	€3,200	€3,200

PEER

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency25.7%

Current ratio1.33

Return on assets1.2%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on PEER

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