Programmeerwerken Baert (0679.866.169): financials and annual accounts

Programmeerwerken Baert

Sint-Niklaas ·KBO/BCE: BE 0679.866.169

Line	2025	2024	2023	2022	2021	2020	2019	2018
Balance sheet: assets
Total assets`20/58`	244,795	168,686	131,013	128,294	275,153	263,166	213,097	137,543
Fixed assets`21/28`	2,580	2,277	7,467	9,407	12,788	16,993	520	967
Tangible fixed assets`22/27`	73	1,527	6,717	8,657	12,788	16,993	520	967
Furniture and vehicles`24`	73	1,527	6,717	8,657	12,788	16,993	520	967
Financial fixed assets`28`	2,508	750	750	750	-	-	-	-
Current assets`29/58`	242,214	166,409	123,546	118,888	262,365	246,173	212,576	136,576
Amounts receivable within one year`40/41`	20,202	24,796	75,485	31,348	7,576	-	41,804	-
Trade receivables`40`	20,202	23,983	62,509	30,030	5,361	-	41,804	-
Other amounts receivable`41`	-	813	12,977	1,318	2,214	-	-	-
Cash at bank and in hand`54/58`	214,795	124,132	42,855	81,311	254,087	236,138	160,812	127,550
Deferred charges and accrued income`490/1`	7,217	17,480	5,205	6,229	703	10,035	9,960	9,027
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	244,795	168,686	131,013	128,294	275,153	263,166	213,097	137,543
Equity`10/15`	19,305	115,305	115,114	115,305	84,582	213,540	150,836	88,406
Contributions`10/11`	18,550	18,550	18,550	18,550	18,550	18,550	12,400	12,400
Issued capital`100`	-	-	-	-	-	-	18,550	18,550
Uncalled capital`101`	-	-	-	-	-	-	6,150	6,150
Reserves`13`	755	96,755	96,755	96,755	66,032	194,990	138,436	76,006
Non-distributable reserves`130/1`	-	-	-	1,855	1,855	1,855	-	-
Legal reserve`130`	-	-	-	-	-	-	1,855	1,855
Reserves not available under the articles`1311`	-	-	-	1,855	1,855	1,855	-	-
Distributable reserves`133`	755	96,755	96,755	94,900	64,177	193,135	136,581	74,151
Profit (loss) carried forward`14`	-	-	-191	-	-	-	-	-
Amounts payable`17/49`	225,490	53,381	15,899	12,990	190,570	49,626	62,261	49,137
Amounts payable within one year`42/48`	224,497	52,404	15,899	12,990	190,556	49,319	62,261	49,137
Trade debts`44`	3,096	3,470	2,109	1,518	984	778	1,209	1,012
Suppliers`440/4`	3,096	3,470	2,109	1,518	984	778	1,209	1,012
Taxes, remuneration and social security`45`	39,943	6,049	4,019	2,743	29,931	40,166	54,198	38,799
Taxes`450/3`	35,917	3,968	1,861	2	27,867	38,099	52,166	36,799
Remuneration and social security`454/9`	4,026	2,081	2,158	2,742	2,064	2,067	2,032	2,000
Other amounts payable`47/48`	181,459	42,885	9,771	8,729	159,640	8,376	6,854	9,327
Accrued charges and deferred income`492/3`	993	977	-	-	15	307	-	-
Income statement
Gross operating margin`9900`	110,984	47,331	5,529	46,100	64,886	76,366	79,002	120,837
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	1,454	5,190	5,118	4,131	4,205	4,182	446	2,987
Other operating charges`640/8`	346	149	167	216	214	584	-	-
Operating profit (loss)`9901`	109,184	41,991	244	41,754	60,467	71,600	78,556	117,850
Financial income`75/76B`	291	110	137	-	-	7	9	-
Recurring financial income`75`	291	110	137	-	-	7	9	-
Financial charges`65/66B`	1,299	1,047	230	135	139	411	191	127
Recurring financial charges`65`	1,299	1,047	230	135	139	411	191	127
Profit (loss) for the period before taxes`9903`	108,176	41,054	151	41,619	60,328	71,196	78,374	117,723
Income taxes`67/77`	22,810	10,845	342	10,896	12,786	14,641	15,944	34,718
Profit (loss) for the period`9904`	85,366	30,209	-191	30,722	47,542	56,554	62,430	83,006
Profit (loss) for the period to be appropriated`9905`	85,366	30,209	-191	30,722	47,542	56,554	62,430	83,006
Appropriation of the result
Profit (loss) to be appropriated`9906`	85,366	30,019	-191	30,722	47,542	56,554	62,430	83,006
Profit (loss) brought forward from the previous period`14P`	-	-191	-	-	-	-	-	-
Transfer from equity`791/2`	96,000	-	-	-	176,500	-	-	-
Transfer to equity`691/2`	-	-	-	30,722	47,542	56,554	62,430	76,006
To the legal reserve`6920`	-	-	-	-	-	-	-	1,855
To other reserves`6921`	-	-	-	30,722	47,542	56,554	62,430	74,151
Profit to be distributed`694/7`	181,366	30,019	-	-	176,500	-	-	7,000
Return on contributions (dividend)`694`	181,366	30,019	-	-	176,500	-	-	-
Directors or managers`695`	-	-	-	-	-	-	-	7,000
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	12-06-2026	2026-00156448	PDF
31-12-2024	micro format	30-06-2025	2025-00195462	PDF
31-12-2023	micro format	04-06-2024	2024-00108196	PDF
31-12-2022	micro format	30-06-2023	2023-00177331	PDF
31-12-2021	micro format	24-05-2022	2022-20032843	PDF
31-12-2020	micro format	18-06-2021	2021-21000016	PDF
31-12-2019	micro format	03-06-2020	2020-14100329	PDF
31-12-2018	micro format	20-05-2019	2019-13300131	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018
EBITDA	110,639	47,182	5,362	45,884	64,672	75,782	79,002	120,837
Cash flow	86,820	35,399	4,927	34,853	51,747	60,736	62,876	85,992
Investment in fixed assets (approximation)	1,758	0	3,178	750	0	20,654	0	2,231
Change in cash	90,663	81,277	-38,455	-172,776	17,949	75,326	33,263	-
Working capital	17,717	114,005	107,647	105,898	71,810	196,854	150,315	87,439
Solvency	7.9%	68.4%	87.9%	89.9%	30.7%	81.1%	70.8%	64.3%
Current ratio	1.08	3.18	7.77	9.15	1.38	4.99	3.41	2.78
Debt to equity	11.68	0.46	0.14	0.11	2.25	0.23	0.41	0.56
ROE	442.2%	26.2%	-0.2%	26.6%	56.2%	26.5%	41.4%	93.9%
ROA	34.9%	17.9%	-0.1%	23.9%	17.3%	21.5%	29.3%	60.3%
Interest coverage	85.17	45.06	23.28	over 100	over 100	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	€3,178	-	-
Financial fixed assets	€1,758	-	-	€750	-
Depreciation and write-downs of the year	€1,454	€5,190	€5,118	€4,131	€4,205

Programmeerwerken Baert

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency7.9%

Current ratio1.08

Return on assets34.9%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on Programmeerwerken Baert

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