PLFA (0676.525.114): financials and annual accounts

PLFA

Roeselare ·KBO/BCE: BE 0676.525.114

Line	2025	2024	2023	2022	2021	2020	2019	2018
Balance sheet: assets
Total assets`20/58`	1.7m	1.5m	1.5m	686,532	643,006	719,676	630,976	629,332
Fixed assets`21/28`	1.1m	1.1m	630,473	437,370	459,820	460,039	459,226	423,480
Intangible fixed assets`21`	2,107	3,787	1,820	5,027	6,202	-	1,257	4,274
Tangible fixed assets`22/27`	1.1m	1.1m	619,538	421,229	442,503	448,924	398,854	417,891
Land and buildings`22`	1.0m	504,634	492,904	390,783	400,305	388,956	381,961	391,411
Plant, machinery and equipment`23`	4,170	5,005	5,840	6,835	7,830	8,825	640	4,554
Furniture and vehicles`24`	39,607	3,344	14,387	23,611	32,008	43,118	2,561	2,569
Leasing and similar rights`25`	-	-	-	0	2,359	-	-	-
Assets under construction and advance payments`27`	0	613,161	106,405	-	-	-	-	-
Financial fixed assets`28`	9,040	9,115	9,115	11,115	11,115	11,115	59,115	1,315
Current assets`29/58`	654,321	409,000	886,817	249,162	183,187	259,637	171,751	205,853
Stocks and contracts in progress`3`	-	-	-	-	-	-	-	24,052
Stocks`30/36`	-	-	-	-	-	-	-	24,052
Amounts receivable within one year`40/41`	578,316	282,251	355,564	44,009	38,829	65,002	81,325	102,108
Trade receivables`40`	25,542	750	1,059	1,930	3,103	11,417	26,630	67,181
Other amounts receivable`41`	552,774	281,501	354,505	42,079	35,726	53,585	54,696	34,928
Current investments`50/53`	28,884	17,000	5,000	-	-	-	-	-
Cash at bank and in hand`54/58`	45,492	108,915	525,978	205,154	144,357	194,635	90,068	79,335
Deferred charges and accrued income`490/1`	1,629	835	276	-	-	-	357	357
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.7m	1.5m	1.5m	686,532	643,006	719,676	630,976	629,332
Equity`10/15`	1.2m	1.4m	1.2m	424,426	306,672	304,508	211,562	143,679
Contributions`10/11`	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Issued capital`100`	-	-	-	-	-	-	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	6,200	6,200
Reserves`13`	1.2m	1.4m	1.2m	409,862	292,108	292,108	199,162	131,279
Non-distributable reserves`130/1`	-	-	0	1,860	1,860	1,860	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860
Other`1319`	-	-	0	1,860	1,860	1,860	-	-
Tax-exempt reserves`132`	205,828	256,810	256,810	-	-	-	-	-
Distributable reserves`133`	992,388	1.1m	927,975	408,002	290,248	290,248	197,302	129,419
Profit (loss) carried forward`14`	0	0	0	2,164	2,164	-	-	-
Amounts payable`17/49`	527,751	182,472	320,105	262,106	336,335	415,169	419,415	485,653
Amounts payable after more than one year`17`	219,029	96,396	136,199	175,114	225,700	278,532	295,792	337,038
Financial debts`170/4`	219,029	96,396	136,199	175,114	225,700	278,532	295,792	337,038
Amounts payable within one year`42/48`	308,632	85,989	183,843	86,093	109,180	135,182	122,168	146,950
Current portion of amounts payable after more than one year`42`	60,700	39,803	52,429	50,586	59,520	54,450	41,246	40,377
Financial debts`43`	0	10,159	-	-	0	13,373	30,090	-
Credit institutions`430/8`	0	10,159	-	-	0	13,373	30,090	-
Trade debts`44`	9,597	3,158	30,069	12	114	16,999	8,710	22,292
Suppliers`440/4`	9,597	3,158	30,069	12	114	16,999	8,710	22,292
Taxes, remuneration and social security`45`	70,967	20,537	38,679	32,276	49,546	40,360	12,122	74,942
Taxes`450/3`	65,965	20,537	38,679	32,276	49,046	40,360	10,532	70,781
Remuneration and social security`454/9`	5,001	-	-	0	500	-	1,589	4,162
Other amounts payable`47/48`	167,369	12,331	62,666	3,219	0	10,000	30,000	9,340
Accrued charges and deferred income`492/3`	89	88	64	900	1,455	1,455	1,455	1,664
Income statement
Non-recurring operating income`76A`	-	-	-	-	0	9,202	169	-
Gross operating margin`9900`	158,229	73,013	333,864	222,292	76,634	196,378	217,079	367,161
Remuneration, social security and pensions`62`	43,318	0	396	9	-179	-	28,395	52,841
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	37,318	34,694	32,009	29,754	31,973	19,272	24,141	87,965
Other operating charges`640/8`	5,047	3,629	4,847	3,468	7,960	17,591	3,607	3,406
Non-recurring operating charges`66A`	-	-	-	-	0	5	2,635	-
Operating profit (loss)`9901`	72,546	34,690	296,611	189,061	36,881	159,510	158,301	222,949
Financial income`75/76B`	10,545	156,183	562,640	3	8,492	1,315	426	6,462
Recurring financial income`75`	10,545	156,183	562,640	3	227	1,315	426	6,462
Non-recurring financial income`76B`	-	-	-	-	8,265	-	-	-
Financial charges`65/66B`	9,304	5,159	5,814	5,928	6,826	7,862	8,452	7,351
Recurring financial charges`65`	9,304	5,159	5,814	5,928	6,826	7,862	8,452	7,351
Profit (loss) for the period before taxes`9903`	73,787	185,715	853,437	183,136	38,548	152,963	150,275	222,060
Income taxes`67/77`	28,746	17,324	79,012	64,582	36,383	50,017	52,393	90,781
Profit (loss) for the period`9904`	45,040	168,391	774,425	118,554	2,164	102,946	97,882	131,279
Transfer from tax-exempt reserves`789`	72,032	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	21,050	0	256,810	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	96,022	168,391	517,615	118,554	2,164	102,946	97,882	131,279
Appropriation of the result
Profit (loss) to be appropriated`9906`	96,022	168,391	519,779	120,718	2,164	102,946	97,882	131,279
Profit (loss) brought forward from the previous period`14P`	-	0	2,164	2,164	-	-	-	-
Transfer from equity`791/2`	200,000	-	-	-	-	-	-	-
Transfer to equity`691/2`	96,022	168,391	518,113	117,754	0	92,946	67,882	131,279
To the legal reserve`6920`	-	-	-	-	-	-	-	1,860
To other reserves`6921`	96,022	168,391	518,113	117,754	0	92,946	67,882	129,419
Profit to be distributed`694/7`	200,000	0	1,666	800	0	10,000	30,000	-
Return on contributions (dividend)`694`	200,000	0	1,666	800	0	10,000	30,000	-
Social balance sheet
Average staff (FTE)`9087`	0.9	-	-	-	-	-	0.6	0.9
Hours worked`1013`	1,732	-	-	-	-	-	1,032	2,451
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	07-08-2026	2026-00386820	PDF
31-12-2024	abbreviated format	27-06-2025	2025-00192614	PDF
31-12-2023	abbreviated format	16-08-2024	2024-00348673	PDF
31-12-2022	abbreviated format	31-08-2023	2023-00391479	PDF
31-12-2021	abbreviated format	27-08-2022	2022-20328532	PDF
31-12-2020	abbreviated format	31-08-2021	2021-61400055	PDF
31-12-2019	micro format	16-11-2020	2020-70400048	PDF
31-12-2018	micro format	26-08-2019	2019-49900562	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018
EBITDA	109,864	69,384	328,621	218,815	68,854	178,782	182,442	310,914
Cash flow	82,358	203,084	806,434	148,308	34,137	122,218	122,023	219,244
Investment in fixed assets	595,552	543,269	227,112	7,305	32,266	78,889	65,431	511,444
Change in cash	-63,423	-417,063	320,824	60,796	-50,277	104,567	10,733	-
Working capital	345,689	323,011	702,974	163,069	74,007	124,455	49,582	58,903
Solvency	69.6%	88.2%	78.9%	61.8%	47.7%	42.3%	33.5%	22.8%
Current ratio	2.12	4.76	4.82	2.89	1.68	1.92	1.41	1.40
Quick ratio	2.12	4.76	4.82	2.89	1.68	1.92	1.41	1.24
Debt to equity	0.44	0.13	0.27	0.62	1.10	1.36	1.98	3.38
ROE	3.7%	12.3%	64.7%	27.9%	0.7%	33.8%	46.3%	91.4%
ROA	2.6%	10.9%	51.0%	17.3%	0.3%	14.3%	15.5%	20.9%
Interest coverage	11.81	13.45	56.52	36.91	10.09	-	-	-

Item	31-12-2025
Employees at the balance-sheet date	1
full-time	1
part-time	0
in full-time equivalents	1
Average over the year, in full-time equivalents	0.9
On a permanent contract	1
Joined	1
Left	0
Training hours	0

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€595,552	€539,297	€227,112	€5,630	€24,321
Intangible fixed assets	-	€3,972	-	€1,675	€7,945
Depreciation and write-downs of the year	€37,318	€34,694	€32,009	€29,754	€31,973

PLFA

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency69.6%

Current ratio2.12

Return on assets2.6%

Staff

Staff cost per FTE€48,131

Joined and left+1

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on PLFA

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