Ppak (0567.624.697): financials and annual accounts

Ppak

Antwerp ·KBO/BCE: BE 0567.624.697

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Balance sheet: assets
Total assets`20/58`	2.3m	2.4m	1.8m	1.4m	1.2m	1.1m	603,136	601,637	275,803	388,799
Fixed assets`21/28`	272,796	308,854	212,265	55,000	55,300	2,741	2,410	4,181	2,400	2,400
Tangible fixed assets`22/27`	261,423	297,481	200,892	43,627	43,927	2,241	1,910	1,781	-	-
Plant, machinery and equipment`23`	8,836	2,827	5,435	8,042	-	-	-	-	-	-
Furniture and vehicles`24`	4,912	15,553	27,374	35,584	43,927	2,241	1,910	1,781	-	-
Other tangible fixed assets`26`	247,675	279,101	168,083	-	-	-	-	-	-	-
Financial fixed assets`28`	11,373	11,373	11,373	11,373	11,373	500	500	2,400	2,400	2,400
Current assets`29/58`	2.0m	2.1m	1.6m	1.4m	1.2m	1.1m	600,725	597,456	273,403	386,399
Stocks and contracts in progress`3`	307,334	401,231	456,489	640,284	544,917	516,413	329,903	323,486	181,739	350,250
Stocks`30/36`	307,334	401,231	456,489	640,284	544,917	516,413	329,903	323,486	181,739	350,250
Amounts receivable within one year`40/41`	1.0m	1.1m	808,868	502,303	605,543	456,958	233,765	253,438	72,381	25,324
Trade receivables`40`	855,863	997,633	800,337	485,998	605,493	456,958	231,960	226,161	32,739	16,671
Other amounts receivable`41`	164,067	95,481	8,531	16,305	50	-	1,805	27,277	39,642	8,653
Cash at bank and in hand`54/58`	643,066	592,182	280,261	236,374	39,081	96,167	10,584	20,241	19,283	10,825
Deferred charges and accrued income`490/1`	22,827	23,318	11,347	7,528	1,212	5,124	26,473	290	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	2.3m	2.4m	1.8m	1.4m	1.2m	1.1m	603,136	601,637	275,803	388,799
Equity`10/15`	617,882	508,492	438,732	219,164	149,758	112,158	64,252	55,394	55,172	37,647
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Issued capital`100`	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600
Reserves`13`	599,282	489,892	420,132	200,564	131,158	93,558	45,652	36,794	36,572	19,047
Non-distributable reserves`130/1`	-	-	-	1,860	1,860	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	-	-	-	1,860	1,860	-	-	-	-	-
Distributable reserves`133`	599,282	489,892	420,132	198,704	129,298	91,698	43,792	34,934	34,712	17,187
Amounts payable`17/49`	1.6m	1.9m	1.3m	1.2m	1.1m	965,246	538,883	546,243	220,631	351,152
Amounts payable after more than one year`17`	232,777	277,643	223,609	182,930	239,367	253,085	263,100	84,500	84,500	-
Financial debts`170/4`	232,777	277,643	223,609	182,930	239,367	253,085	263,100	84,500	-	-
Other amounts payable`178/9`	-	-	-	-	-	-	-	-	84,500	-
Amounts payable within one year`42/48`	1.3m	1.6m	1.1m	1.0m	829,779	712,161	275,783	461,743	136,131	351,152
Current portion of amounts payable after more than one year`42`	44,866	49,660	37,812	27,837	40,781	17,105	-	-	-	-
Financial debts`43`	152,368	150,000	300,000	300,000	7,526	57,525	7,524	-	-	-
Credit institutions`430/8`	152,368	150,000	300,000	300,000	7,526	57,525	7,524	-	-	-
Trade debts`44`	962,460	1.2m	589,810	415,014	642,020	433,579	201,220	220,511	18,106	160,153
Suppliers`440/4`	962,460	1.2m	589,810	415,014	642,020	433,579	201,220	220,511	18,106	160,153
Advances received on contracts in progress`46`	-	4,030	4,030	-	10,622	96,055	17,594	74,223	-	67,251
Taxes, remuneration and social security`45`	97,705	95,342	97,263	187,316	84,229	36,945	20,803	43,941	-	-
Taxes`450/3`	75,551	83,876	90,840	170,164	54,996	14,223	11,004	29,892	-	-
Remuneration and social security`454/9`	22,154	11,467	6,423	17,152	29,233	22,722	9,799	14,049	-	-
Other amounts payable`47/48`	36,241	94,201	69,743	82,079	44,600	70,953	28,643	123,067	118,025	123,748
Accrued charges and deferred income`492/3`	121,653	3,859	8,232	27,149	27,149	-	-	-	-	-
Income statement
Turnover`70`	3.4m	3.4m	3.4m	2.5m	1.9m	1.2m	-	-	-	-
Non-recurring operating income`76A`	17,920	10,223	72,436	-	2,411	54,500	-	19,458	-	-
Gross operating margin`9900`	456,835	367,102	484,125	268,160	120,705	190,862	41,047	77,537	23,450	21,299
Goods, raw materials, services and sundry goods`60/61`	3.0m	3.0m	3.0m	2.2m	1.8m	1.1m	-	-	-	-
Remuneration, social security and pensions`62`	104,679	60,975	45,003	37,044	35,102	38,725	19,411	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	50,556	43,345	25,142	13,212	7,947	1,716	1,211	890	-	-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	9,634	4,356	-	-	-	-11,915	11,915	-	-
Other operating charges`640/8`	26,963	15,289	25,712	45,939	8,591	7,482	4,458	12,209	699	1,003
Non-recurring operating charges`66A`	29,346	75,138	50,275	-	321	24,851	-	19,457	-	-
Operating profit (loss)`9901`	245,291	162,721	333,637	171,966	68,744	118,089	27,881	33,066	22,751	20,296
Financial income`75/76B`	2,842	1,752	6,830	2,595	115	-	1,980	1,676	92	12
Recurring financial income`75`	2,842	1,752	6,830	2,595	115	-	1,980	1,676	92	12
Financial charges`65/66B`	67,367	49,181	52,076	33,384	12,147	14,242	16,035	10,795	560	1,261
Recurring financial charges`65`	67,367	49,181	52,076	33,384	12,147	14,242	16,035	10,795	560	1,261
Profit (loss) for the period before taxes`9903`	180,767	115,292	288,392	141,177	56,712	103,847	13,826	23,947	22,283	19,047
Income taxes`67/77`	62,517	45,532	68,824	50,323	19,112	21,293	4,967	11,726	4,757	-
Profit (loss) for the period`9904`	118,249	69,760	219,568	90,854	37,601	82,553	8,859	12,221	17,526	19,047
Profit (loss) for the period to be appropriated`9905`	118,249	69,760	219,568	90,854	37,601	82,553	8,859	12,221	17,526	19,047
Appropriation of the result
Profit (loss) to be appropriated`9906`	118,249	69,760	219,568	90,854	37,601	82,553	8,859	12,221	17,526	19,047
Transfer from equity`791/2`	8,859	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	118,249	69,760	219,568	69,406	37,601	47,905	8,859	221	17,526	19,047
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	1,860
To other reserves`6921`	118,249	69,760	219,568	69,406	37,601	47,905	8,859	221	17,526	17,187
Profit to be distributed`694/7`	8,859	-	-	21,448	-	34,648	-	12,000	-	-
Return on contributions (dividend)`694`	8,859	-	-	-	-	-	-	-	-	-
Directors or managers`695`	-	-	-	21,448	-	34,648	-	12,000	-	-
Social balance sheet
Average staff (FTE)`9087`	2.3	1.5	1.1	1	1	-	-	-	-	-
Hours worked`1013`	4,163	2,455	1,930	1,754	1,756	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-03-2025	abbreviated format	31-10-2025	2025-00559851	PDF
31-03-2024	abbreviated format	28-10-2024	2024-00523764	PDF
31-03-2023	abbreviated format	31-10-2023	2023-00506157	PDF
31-03-2022	abbreviated format	02-11-2022	2022-20483758	PDF
31-03-2021	abbreviated format	29-10-2021	2021-74800132	PDF
31-03-2020	micro format	16-11-2020	2020-70900122	PDF
31-03-2019	micro format	29-10-2019	2019-72000138	PDF
31-03-2018	micro format	29-10-2018	2018-70500143	PDF
31-03-2017	micro format	28-10-2017	2017-69200473	PDF
31-03-2016	abbreviated format	24-11-2016	2016-68700522	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EBITDA	295,847	206,066	358,779	185,178	76,691	119,804	29,092	33,956	-	-
Cash flow	168,805	113,105	244,710	104,066	45,547	84,269	10,070	13,112	-	-
Investment in fixed assets	14,497	145,907	182,406	12,911	60,827	2,046	1,841	22,171	-	2,400
Change in cash	50,884	311,921	43,887	197,293	-57,087	85,584	-9,658	958	8,458	-
Working capital	699,517	481,140	458,308	374,243	360,974	362,502	324,942	135,713	137,272	35,247
EBIT margin	7.2%	4.8%	9.7%	6.9%	3.6%	9.5%	-	-	-	-
Solvency	27.3%	21.0%	24.8%	15.2%	12.0%	10.4%	10.7%	9.2%	20.0%	9.7%
Current ratio	1.54	1.30	1.42	1.37	1.44	1.51	2.18	1.29	2.01	1.10
Quick ratio	1.30	1.05	1.00	0.74	0.78	0.78	0.98	0.59	0.67	0.10
Debt to equity	2.67	3.76	3.03	5.58	7.32	8.61	8.39	9.86	4.00	9.33
ROE	19.1%	13.7%	50.0%	41.5%	25.1%	73.6%	13.8%	22.1%	31.8%	50.6%
ROA	5.2%	2.9%	12.4%	6.3%	3.0%	7.7%	1.5%	2.0%	6.4%	4.9%
Interest coverage	4.39	4.19	6.89	5.55	-	-	-	-	-	-
Customer credit	92 days	108 days	85 days	72 days	114 days	135 days	-	-	-	-
Supplier credit	118 days	149 days	71 days	68 days	129 days	142 days	-	-	-	-

Item	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Employees at the balance-sheet date	3	2	2	-
full-time	3	2	2	-
in full-time equivalents	3	2	2	-
Average over the year, in full-time equivalents	2.3	1.5	1.1	1
On a permanent contract	2	1	1	-
Joined	1	1	1	-
Left	0	1	0	-

Item	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Tangible fixed assets	€14,497	€145,907	€182,406	€12,911
Depreciation and write-downs of the year	€50,556	€43,345	€25,142	€13,212

Ppak

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency27.3%

Current ratio1.54

Return on assets5.2%

Staff

Staff cost per FTE€45,513

Joined and left+1

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on Ppak

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