PPMM (0502.585.704): financials and annual accounts

PPMM

Leuven ·KBO/BCE: BE 0502.585.704

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Balance sheet: assets
Total assets`20/58`	840,230	855,020	873,336	882,735	885,363	891,162	892,235	902,184	911,880	918,008	872,589	821,082	823,169
Fixed assets`21/28`	778,321	796,133	809,328	818,575	836,141	851,336	868,443	886,028	884,304	899,958	866,123	813,663	813,663
Tangible fixed assets`22/27`	778,321	796,133	809,328	818,575	836,141	851,336	868,443	886,028	884,304	899,958	866,123	813,663	813,663
Land and buildings`22`	778,091	795,824	808,939	818,471	835,850	850,858	868,008	885,157	882,997	898,215	850,564	811,875	811,875
Plant, machinery and equipment`23`	230	310	389	105	291	477	-	-	-	-	15,559	1,788	1,788
Furniture and vehicles`24`	-	-	-	-	-	-	436	871	1,307	1,742	-	-	-
Current assets`29/58`	61,908	58,887	64,008	64,159	49,222	39,826	23,792	16,156	27,576	18,050	6,466	7,419	9,506
Amounts receivable within one year`40/41`	-	-	0	272	272	-	-	-	1,713	-	-	-	-
Trade receivables`40`	-	-	0	272	272	-	-	-	1,713	-	-	-	-
Cash at bank and in hand`54/58`	60,897	57,922	64,008	62,272	47,495	38,443	23,792	15,481	25,863	17,440	5,878	7,419	9,506
Deferred charges and accrued income`490/1`	1,011	965	0	1,616	1,454	1,383	-	675	-	610	588	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	840,230	855,020	873,336	882,735	885,363	891,162	892,235	902,184	911,880	918,008	872,589	821,082	823,169
Equity`10/15`	826,149	835,064	826,659	823,596	815,433	807,451	800,345	797,937	812,735	805,184	808,645	810,082	817,569
Contributions`10/11`	831,250	831,250	831,250	831,250	831,250	831,250	831,250	831,250	831,250	831,250	831,250	831,250	831,250
Issued capital`100`	-	-	-	-	-	-	831,250	831,250	831,250	831,250	831,250	831,250	831,250
Reserves`13`	3,814	3,814	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	3,814	3,814	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	-8,915	0	-4,591	-7,654	-15,817	-23,799	-30,905	-33,313	-18,515	-26,066	-22,605	-21,168	-13,681
Amounts payable`17/49`	14,080	19,956	46,677	59,139	69,929	83,710	91,890	104,246	99,145	112,824	63,944	11,000	5,600
Amounts payable after more than one year`17`	-	0	6,886	18,440	29,684	40,627	51,276	61,640	72,555	81,543	40,187	-	-
Financial debts`170/4`	-	0	6,886	18,440	29,684	40,627	51,276	61,640	72,555	81,543	40,187	-	-
Amounts payable within one year`42/48`	14,080	19,956	39,792	39,615	39,308	42,154	38,502	39,646	25,678	28,736	22,157	11,000	5,600
Current portion of amounts payable after more than one year`42`	0	6,886	11,554	11,244	10,943	10,650	10,364	10,086	8,988	9,553	-	-	-
Trade debts`44`	1,010	0	3,621	-	-	-	-	2,148	-	2,174	2,757	-	-
Suppliers`440/4`	1,010	0	3,621	-	-	-	-	2,148	-	2,174	2,757	-	-
Other amounts payable`47/48`	13,070	13,070	24,616	28,370	28,365	31,504	28,138	27,411	16,691	17,009	19,400	11,000	5,600
Accrued charges and deferred income`492/3`	-	-	0	1,085	937	930	2,112	2,960	912	2,545	1,600	-	-
Income statement
Gross operating margin`9900`	37,567	32,298	26,420	31,444	31,122	31,591	27,480	10,404	29,317	20,908	2,673	-4,687	-8,234
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	4,687	8,233
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	41,064	18,342	17,674	17,565	17,492	17,666	17,585	17,585	15,654	18,108	-	-	-
Other operating charges`640/8`	5,310	5,148	4,977	4,708	4,349	5,240	5,624	5,496	3,727	3,672	3,656	2,779	5,405
Operating profit (loss)`9901`	-8,807	8,807	3,770	9,170	9,281	8,685	4,271	-12,677	9,936	-872	-983	-7,466	-13,639
Financial income`75/76B`	-	0	0	-	-	-	-	-	-	12	1	3	9
Recurring financial income`75`	-	0	0	-	-	-	-	-	-	12	1	3	9
Financial charges`65/66B`	108	402	707	1,008	1,299	1,578	1,863	2,120	2,385	2,601	455	24	51
Recurring financial charges`65`	108	402	707	1,008	1,299	1,578	1,863	2,120	2,385	2,601	455	24	51
Profit (loss) for the period before taxes`9903`	-8,915	8,406	3,063	8,162	7,982	7,107	2,408	-14,797	7,551	-3,461	-1,437	-7,487	-13,681
Profit (loss) for the period`9904`	-8,915	8,406	3,063	8,162	7,982	7,107	2,408	-14,797	7,551	-3,461	-1,437	-7,487	-13,681
Profit (loss) for the period to be appropriated`9905`	-8,915	8,406	3,063	8,162	7,982	7,107	2,408	-14,797	7,551	-3,461	-1,437	-7,487	-13,681
Appropriation of the result
Profit (loss) to be appropriated`9906`	-8,915	3,814	-4,591	-7,654	-15,817	-23,799	-30,905	-33,313	-18,515	-26,066	-22,605	-21,168	-13,681
Profit (loss) brought forward from the previous period`14P`	0	-4,591	-7,654	-15,817	-23,799	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	0	3,814	-	-	-	-	-	-	-	-	-	-	-
To other reserves`6921`	0	3,814	-	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	01-06-2026	2026-00130251	PDF
31-12-2024	micro format	22-07-2025	2025-00295113	PDF
31-12-2023	micro format	10-06-2024	2024-00119847	PDF
31-12-2022	micro format	21-08-2023	2023-00340262	PDF
31-12-2021	micro format	25-05-2022	2022-20038370	PDF
31-12-2020	micro format	04-06-2021	2021-17600130	PDF
31-12-2019	micro format	29-05-2020	2020-13800063	PDF
31-12-2018	micro format	06-06-2019	2019-16600388	PDF
31-12-2017	micro format	12-06-2018	2018-17800324	PDF
31-12-2016	micro format	30-05-2017	2017-14200539	PDF
31-12-2015	abbreviated format	29-09-2016	2016-63300024	PDF
31-12-2014	abbreviated format	23-07-2015	2015-33800566	PDF
31-12-2013	abbreviated format	20-06-2014	2014-19800419	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
EBITDA	32,256	27,150	21,444	26,736	26,773	26,351	21,856	4,908	25,590	17,236	-	-	-
Cash flow	32,149	26,748	20,737	25,727	25,474	24,773	19,993	2,787	23,205	14,647	-	-	-
Investment in fixed assets (approximation)	23,252	5,147	8,427	0	2,297	559	0	19,309	0	51,943	52,460	-	813,663
Change in cash	2,975	-6,085	1,736	14,776	9,052	14,651	8,311	-10,382	8,423	11,562	-1,541	-2,087	-
Working capital	47,828	38,931	24,216	24,545	9,914	-2,327	-14,710	-23,490	1,898	-10,686	-15,691	-3,581	3,906
Solvency	98.3%	97.7%	94.7%	93.3%	92.1%	90.6%	89.7%	88.4%	89.1%	87.7%	92.7%	98.7%	99.3%
Current ratio	4.40	2.95	1.61	1.62	1.25	0.94	0.62	0.41	1.07	0.63	0.29	0.67	1.70
Debt to equity	0.02	0.02	0.06	0.07	0.09	0.10	0.11	0.13	0.12	0.14	0.08	0.01	0.01
ROE	-1.1%	1.0%	0.4%	1.0%	1.0%	0.9%	0.3%	-1.9%	0.9%	-0.4%	-0.2%	-0.9%	-1.7%
ROA	-1.1%	1.0%	0.4%	0.9%	0.9%	0.8%	0.3%	-1.6%	0.8%	-0.4%	-0.2%	-0.9%	-1.7%
Interest coverage	over 100	67.58	30.33	26.52	20.60	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€23,252	€5,147	€8,427	-	€2,297
Depreciation and write-downs of the year	€41,064	€18,342	€17,674	€17,565	€17,492

PPMM

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on PPMM

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