re-SOLVE (0845.372.717): financials and annual accounts

re-SOLVE

Kruisem ·KBO/BCE: BE 0845.372.717

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Balance sheet: assets
Total assets`20/58`	966,944	972,445	980,364	676,370	471,042	503,490	482,792	429,942	346,682	318,115	214,574	214,696	169,929
Fixed assets`21/28`	683,868	714,563	747,914	479,268	293,787	304,162	267,929	293,243	266,439	251,096	51,877	39,478	49,561
Tangible fixed assets`22/27`	683,868	714,563	747,914	479,268	293,787	304,162	267,929	293,243	266,439	251,096	51,877	39,478	49,561
Land and buildings`22`	587,476	609,764	632,052	349,122	138,750	148,000	157,250	166,500	175,750	216,792	12,625	-	-
Plant, machinery and equipment`23`	21,717	24,602	24,624	27,537	29,722	28,537	2,116	-	-	-	-	-	209
Furniture and vehicles`24`	20,410	16,791	18,245	18,747	30,055	44,675	56,890	72,113	29,637	5,453	14,997	22,954	30,274
Other tangible fixed assets`26`	54,265	63,407	72,994	83,861	95,260	82,950	51,673	54,630	61,051	28,852	24,255	16,524	19,078
Current assets`29/58`	283,075	257,882	232,450	197,102	177,255	199,328	214,863	136,699	80,243	67,019	162,697	175,218	120,368
Amounts receivable within one year`40/41`	82,083	51,375	29,595	63,996	53,973	3,698	48,227	29,678	30,730	4,133	21,639	19,077	17,929
Trade receivables`40`	78,888	50,259	29,514	30,493	52,308	-	47,381	23,095	27,541	2,420	19,092	17,285	16,947
Other amounts receivable`41`	3,195	1,116	80	33,503	1,664	3,698	846	6,583	3,189	1,713	2,547	1,792	982
Current investments`50/53`	160,000	144,731	134,432	66,036	46,894	28,000	11,000	-	-	-	-	-	-
Cash at bank and in hand`54/58`	37,727	50,077	51,132	50,688	71,562	164,046	153,168	104,021	46,692	62,322	140,256	154,853	101,140
Deferred charges and accrued income`490/1`	3,265	11,699	17,291	16,382	4,826	3,584	2,468	3,000	2,822	563	802	1,288	1,299
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	966,944	972,445	980,364	676,370	471,042	503,490	482,792	429,942	346,682	318,115	214,574	214,696	169,929
Equity`10/15`	448,116	350,047	311,728	303,980	312,478	392,142	349,027	298,472	239,646	198,636	152,186	118,933	86,534
Contributions`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Reserves`13`	343,847	343,847	305,528	297,780	306,278	385,942	342,827	292,272	233,446	192,436	67,512	34,259	1,860
Non-distributable reserves`130/1`	-	-	-	-	1,860	1,860	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	-	-	-	-	1,860	1,860	-	-	-	-	-	-	-
Distributable reserves`133`	343,847	343,847	305,528	297,780	304,418	384,082	340,967	290,412	231,586	190,576	65,652	32,399	-
Profit (loss) carried forward`14`	98,069	-	-	-	-	-	-	-	-	-	78,474	78,474	78,474
Amounts payable`17/49`	518,828	622,398	668,636	372,389	158,564	111,347	133,765	131,470	107,036	119,479	62,388	95,763	83,395
Amounts payable after more than one year`17`	454,878	497,107	528,088	281,733	-	11,232	31,790	68,191	30,560	45,558	6,682	14,701	23,387
Financial debts`170/4`	200,378	232,107	263,088	151,733	-	11,232	31,790	68,191	30,560	45,558	6,682	14,701	23,387
Other amounts payable`178/9`	254,500	265,000	265,000	130,000	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	45,408	106,295	123,925	86,043	155,914	97,515	100,426	63,279	76,476	73,921	55,706	81,062	60,008
Current portion of amounts payable after more than one year`42`	36,729	37,648	30,027	20,373	17,899	27,103	42,422	42,645	22,977	28,847	8,019	8,018	7,350
Financial debts`43`	1,184	2,220	2,089	366	301	258	1,128	-	-	-	-	-	-
Credit institutions`430/8`	1,184	2,220	2,089	366	301	258	1,128	-	-	-	-	-	-
Trade debts`44`	2,855	12,474	1,637	8,068	1,546	3,860	891	3,432	43,230	6,318	3,867	5,592	1,874
Suppliers`440/4`	2,855	12,474	1,637	8,068	1,546	3,860	891	3,432	43,230	6,318	3,867	5,592	1,874
Taxes, remuneration and social security`45`	1,115	11,302	10,897	4,156	9,644	31,441	21,986	12,786	6,059	34,958	40,020	61,919	45,539
Taxes`450/3`	1,115	11,302	10,897	4,156	9,644	31,441	21,986	12,786	6,059	34,958	40,020	61,919	42,283
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	-	-	-	-	3,256
Other amounts payable`47/48`	3,525	42,651	79,276	53,079	126,524	34,852	33,999	4,416	4,209	3,799	3,800	5,533	5,245
Accrued charges and deferred income`492/3`	18,543	18,997	16,623	4,614	2,650	2,600	1,550	-	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	-	-	-	-	3,478	-	-	-	-	-	-	-	-
Gross operating margin`9900`	145,063	127,991	164,039	122,206	108,191	152,382	166,449	127,127	96,287	105,931	69,681	68,443	145,282
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	-	-	-	1,400	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	39,399	36,547	44,853	61,247	39,368	38,045	37,088	36,673	27,170	15,676	14,470	12,591	21,767
Other operating charges`640/8`	4,690	4,018	4,231	2,849	2,275	2,247	1,613	3,015	599	889	530	4,078	1,396
Operating profit (loss)`9901`	100,973	87,426	114,955	58,110	66,549	112,090	127,748	87,439	68,518	89,367	53,281	51,774	122,119
Financial income`75/76B`	34,831	632	566	1,631	1,207	0	0	38	204	944	507	1,564	1,123
Recurring financial income`75`	34,831	632	566	1,631	1,207	0	0	38	204	944	507	1,564	1,123
Financial charges`65/66B`	21,452	26,442	16,216	4,311	707	667	1,209	1,102	968	1,287	526	689	823
Recurring financial charges`65`	21,452	26,442	16,216	4,311	707	667	1,209	1,102	968	1,287	526	689	823
Profit (loss) for the period before taxes`9903`	114,353	61,615	99,305	55,430	67,048	111,423	126,540	86,374	67,753	89,023	53,262	52,649	122,419
Income taxes`67/77`	14,618	21,578	31,067	19,457	20,188	33,455	41,986	26,733	26,089	42,573	20,010	20,250	42,085
Profit (loss) for the period`9904`	99,735	40,037	68,238	35,973	46,860	77,968	84,554	59,641	41,664	46,450	33,252	32,399	80,334
Profit (loss) for the period to be appropriated`9905`	99,735	40,037	68,238	35,973	46,860	77,968	84,554	59,641	41,664	46,450	33,252	32,399	80,334
Appropriation of the result
Profit (loss) to be appropriated`9906`	99,735	40,037	68,238	35,973	46,860	77,968	84,554	59,641	41,664	124,924	111,726	110,873	80,334
Transfer from equity`791/2`	-	-	58,825	42,871	124,924	33,252	32,399	-	-	1,860	-	-	-
Transfer to equity`691/2`	-	38,319	66,572	34,373	45,260	76,368	82,954	58,825	41,011	126,784	33,252	32,399	1,860
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	1,860	-	-	1,860
To other reserves`6921`	-	38,319	66,572	34,373	45,260	76,368	82,954	58,825	41,011	124,924	33,252	32,399	-
Profit to be distributed`694/7`	1,666	1,718	60,491	44,471	126,524	34,852	33,999	816	653	-	-	-	-
Return on contributions (dividend)`694`	1,666	1,718	60,491	44,471	126,524	34,852	33,999	816	653	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	11-08-2026	2026-00397553	PDF
31-12-2024	micro format	03-06-2025	2025-00116410	PDF
31-12-2023	micro format	08-07-2024	2024-00232302	PDF
31-12-2022	micro format	30-06-2023	2023-00194191	PDF
31-12-2021	micro format	27-06-2022	2022-20116568	PDF
31-12-2020	micro format	28-06-2021	2021-27100487	PDF
31-12-2019	micro format	27-08-2020	2020-46000490	PDF
31-12-2018	micro format	18-07-2019	2019-34700178	PDF
31-12-2017	micro format	22-08-2018	2018-48500351	PDF
31-12-2016	micro format	31-07-2017	2017-39600500	PDF
31-12-2015	abbreviated format	31-08-2016	2016-57200053	PDF
31-12-2014	abbreviated format	20-07-2015	2015-33600101	PDF
31-12-2013	abbreviated format	13-08-2014	2014-43900167	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
EBITDA	140,373	123,973	159,808	119,357	105,917	150,135	164,836	124,112	95,688	105,042	67,751	64,365	143,886
Cash flow	139,134	76,584	113,092	97,220	86,228	116,013	121,642	96,314	68,834	62,126	47,722	44,990	102,101
Investment in fixed assets	8,705	3,196	313,500	246,728	36,071	74,278	11,774	63,477	42,513	215,140	26,870	2,507	69,710
Change in cash	-12,349	-1,056	444	-20,874	-92,484	10,878	49,147	57,330	-15,631	-77,934	-14,597	53,713	-
Working capital	237,668	151,587	108,525	111,059	21,341	101,813	114,437	73,420	3,768	-6,903	106,991	94,156	60,360
Solvency	46.3%	36.0%	31.8%	44.9%	66.3%	77.9%	72.3%	69.4%	69.1%	62.4%	70.9%	55.4%	50.9%
Current ratio	6.23	2.43	1.88	2.29	1.14	2.04	2.14	2.16	1.05	0.91	2.92	2.16	2.01
Debt to equity	1.16	1.78	2.14	1.23	0.51	0.28	0.38	0.44	0.45	0.60	0.41	0.81	0.96
ROE	22.3%	11.4%	21.9%	11.8%	15.0%	19.9%	24.2%	20.0%	17.4%	23.4%	21.8%	27.2%	92.8%
ROA	10.3%	4.1%	7.0%	5.3%	9.9%	15.5%	17.5%	13.9%	12.0%	14.6%	15.5%	15.1%	47.3%
Interest coverage	6.54	4.69	9.85	27.69	over 100	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Mortgages, amount registered	€150,000	€150,000	€150,000	-	-
Carrying value of the mortgaged assets	€289,637	€297,152	€304,667	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€8,705	€3,196	€313,500	€246,728	€36,071
Depreciation and write-downs of the year	€39,399	€36,547	€44,853	€61,247	€39,368

re-SOLVE

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency46.3%

Current ratio6.23

Return on assets10.3%

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on re-SOLVE

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