Refurb Pro (0476.543.578): financials and annual accounts

Refurb Pro

Brasschaat ·KBO/BCE: BE 0476.543.578

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Balance sheet: assets
Total assets`20/58`	1.1m	1.3m	1.5m	1.6m	1.6m	1.9m	1.4m	1.5m	1.5m	1.6m	1.5m	1.6m	1.5m	998,745	1.0m	1.0m	760,969
Fixed assets`21/28`	1.0m	1.1m	1.1m	1.2m	1.3m	1.3m	916,103	957,409	975,519	1.0m	1.1m	1.2m	1.1m	779,569	830,682	867,299	623,281
Intangible fixed assets`21`	-	-	-	-	-	-	4,055	5,195	4,227	5,636	-	-	-	-	-	-	1,400
Tangible fixed assets`22/27`	1.0m	1.1m	1.1m	1.2m	1.3m	1.3m	904,334	944,502	963,579	1.0m	1.1m	1.2m	1.1m	771,856	819,969	856,586	611,168
Land and buildings`22`	1.0m	1.1m	1.1m	1.2m	1.2m	1.3m	873,034	922,756	941,987	991,783	1.1m	1.1m	1.1m	761,849	802,574	844,062	592,326
Plant, machinery and equipment`23`	-	-	-	-	-	1,294	2,911	7,426	-	-	181	1,420	680	-	-	-	-
Furniture and vehicles`24`	-	-	-	-	7,488	15,268	28,390	14,320	21,591	31,419	2,253	6,340	6,671	10,007	17,395	12,524	18,842
Financial fixed assets`28`	-	-	-	-	-	-	7,713	7,713	7,713	7,713	7,713	7,713	7,713	7,713	10,713	10,713	10,713
Current assets`29/58`	106,312	205,964	347,811	404,387	367,236	625,647	501,023	537,512	556,942	533,332	443,829	411,419	326,597	219,176	195,108	169,381	137,688
Stocks and contracts in progress`3`	54,708	40,023	145,932	261,261	211,449	221,166	258,479	238,469	230,387	227,529	179,940	168,810	117,761	78,418	81,853	36,483	21,358
Stocks`30/36`	54,708	40,023	145,932	261,261	211,449	221,166	258,479	238,469	230,387	227,529	179,940	168,810	117,761	78,418	81,853	36,483	21,358
Amounts receivable within one year`40/41`	27,369	47,473	86,251	92,720	58,617	263,516	188,677	180,368	258,072	248,522	232,271	213,632	144,153	92,451	61,831	99,299	72,562
Trade receivables`40`	21,576	41,919	78,538	83,085	39,701	163,481	170,879	176,660	254,565	245,103	228,740	211,123	141,139	92,276	60,451	96,150	72,036
Other amounts receivable`41`	5,793	5,554	7,713	9,635	18,915	100,035	17,799	3,708	3,507	3,419	3,531	2,509	3,014	175	1,380	3,149	526
Current investments`50/53`	-	-	-	-	-	-	-	108	108	108	107	705	203	202	200	184	8,844
Cash at bank and in hand`54/58`	14,088	107,383	107,301	41,257	88,593	114,028	30,260	98,370	59,538	46,776	26,629	8,554	57,920	43,566	48,420	30,788	31,802
Deferred charges and accrued income`490/1`	10,147	11,084	8,327	9,149	8,578	26,936	23,607	20,196	8,837	10,397	4,882	19,718	6,560	4,539	2,804	2,627	3,122
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.1m	1.3m	1.5m	1.6m	1.6m	1.9m	1.4m	1.5m	1.5m	1.6m	1.5m	1.6m	1.5m	998,745	1.0m	1.0m	760,969
Equity`10/15`	646,659	733,917	825,509	786,079	772,121	734,285	467,893	445,328	395,992	370,659	325,537	317,398	315,663	311,068	304,767	99,384	98,315
Contributions`10/11`	293,600	293,600	293,600	293,600	293,600	293,600	293,600	293,600	293,600	293,600	293,600	293,600	293,600	293,600	293,600	88,600	88,600
Issued capital`100`	-	-	-	-	-	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	400,000	250,000	250,000
Uncalled capital`101`	-	-	-	-	-	106,400	106,400	106,400	106,400	106,400	106,400	106,400	106,400	106,400	106,400	161,400	161,400
Contributions outside capital`11`	293,600	293,600	293,600	293,600	293,600	-	-	-	-	-	-	-	-	-	-	-	-
Other`1109/19`	293,600	293,600	293,600	293,600	293,600	-	-	-	-	-	-	-	-	-	-	-	-
Reserves`13`	419,230	449,067	529,988	490,558	476,601	438,764	172,372	149,807	100,471	75,138	30,016	21,877	20,142	15,547	9,246	8,863	7,794
Non-distributable reserves`130/1`	-	-	-	40,000	40,000	40,000	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	40,000	40,000	40,000	39,338	24,809	24,159	16,020	14,285	9,690	3,389	3,006	1,937
Reserves not available under the articles`1311`	-	-	-	40,000	40,000	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	46,552	47,690	48,839	50,106	51,372	59,225	63,901	70,036	61,133	50,329	5,857	5,857	5,857	5,857	5,857	5,857	5,857
Distributable reserves`133`	372,677	401,377	481,149	400,452	385,228	339,539	68,471	39,771	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	-66,171	-8,751	1,921	1,921	1,921	1,921	1,921	1,921	1,921	1,921	1,921	1,921	1,921	1,921	1,921	1,921	1,921
Provisions and deferred taxes`16`	6,850	7,435	8,027	8,679	9,331	10,359	12,767	19,753	39,247	39,189	8,145	-	-	-	-	-	-
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	3,828	18,250	16,290	8,145	-	-	-	-	-	-
Major repairs and maintenance`162`	-	-	-	-	-	-	-	3,828	18,250	-	-	-	-	-	-	-	-
Deferred taxes`168`	6,850	7,435	8,027	8,679	9,331	10,359	12,767	15,926	20,996	22,899	-	-	-	-	-	-	-
Amounts payable`17/49`	456,781	538,793	622,341	788,736	837,661	1.2m	936,466	1.0m	1.1m	1.2m	1.2m	1.3m	1.2m	687,677	721,023	937,296	662,654
Amounts payable after more than one year`17`	361,427	405,860	457,793	617,227	669,577	766,510	738,027	792,460	834,394	877,843	1.0m	1.0m	938,275	597,985	612,470	845,352	591,629
Financial debts`170/4`	223,427	267,860	319,793	421,727	474,077	481,010	452,527	494,460	536,394	579,843	726,325	720,306	670,275	314,985	342,866	370,748	398,629
Other amounts payable`178/9`	138,000	138,000	138,000	195,500	195,500	285,500	285,500	298,000	298,000	298,000	298,000	298,000	268,000	283,000	269,604	474,604	193,000
Amounts payable within one year`42/48`	83,714	121,580	147,901	160,291	133,778	368,061	181,054	220,442	244,498	266,238	156,024	209,125	171,576	73,990	83,801	82,663	58,620
Current portion of amounts payable after more than one year`42`	44,433	51,933	51,933	52,350	56,933	46,517	41,933	41,933	43,449	46,481	43,981	36,481	36,481	27,881	27,881	27,881	27,882
Financial debts`43`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-	-
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-	-
Trade debts`44`	12,255	54,515	69,441	77,002	47,928	247,640	57,340	103,671	119,004	160,525	71,658	138,589	105,761	34,422	44,511	37,510	16,894
Suppliers`440/4`	12,255	54,515	69,441	77,002	47,928	247,640	57,340	103,671	119,004	160,525	71,658	138,589	105,761	34,422	44,511	37,510	16,894
Advances received on contracts in progress`46`	14,545	1,990	17,840	9,000	3,300	6,066	2,498	-	5,808	-	674	475	200	1,525	-	-	-
Taxes, remuneration and social security`45`	4	2	7,553	8,734	14,875	56,160	49,452	38,625	47,050	39,464	33,866	27,600	27,710	9,539	10,649	10,484	12,857
Taxes`450/3`	4	2	7,553	8,734	14,875	56,160	22,285	10,877	23,482	20,564	28,919	12,166	18,965	3,670	6,557	7,800	11,012
Remuneration and social security`454/9`	-	-	-	-	-	-	27,167	27,748	23,567	18,900	4,947	15,434	8,745	5,869	4,092	2,684	1,845
Other amounts payable`47/48`	12,478	13,140	1,133	13,205	10,742	11,678	29,831	36,213	29,187	19,768	5,845	5,980	1,424	623	752	6,788	987
Accrued charges and deferred income`492/3`	11,640	11,353	16,647	11,218	34,306	29,105	17,385	16,937	18,329	15,954	27,952	25,211	41,156	15,702	24,752	9,281	12,405
Income statement
Non-recurring operating income`76A`	-	-	668	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross operating margin`9900`	46,163	67,839	158,951	130,583	189,535	688,226	489,600	489,431	427,770	461,734	369,350	313,797	269,222	179,362	163,191	135,073	96,661
Remuneration, social security and pensions`62`	-	-	-	-	-	58,068	334,381	295,052	248,210	230,238	191,083	157,571	98,010	74,692	55,004	32,365	23,239
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	70,202	70,190	68,212	78,280	92,386	167,416	91,324	89,896	76,933	86,613	81,976	85,193	105,582	50,122	50,235	63,063	39,919
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,656	1,905	752
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-3,828	-14,423	1,961	8,145	8,145	-	-	-	-	-	-
Other operating charges`640/8`	10,695	11,375	9,966	9,639	11,706	13,146	6,858	11,018	15,420	11,618	13,550	10,496	11,881	5,712	16,355	7,178	4,844
Operating profit (loss)`9901`	-34,734	-13,727	80,772	42,665	85,443	449,596	60,866	107,886	85,246	125,120	74,596	60,537	53,749	48,836	44,253	30,562	27,907
Financial income`75/76B`	1	27	4	26	49	1	44	8	94	34	102	223	774	261	229	546	549
Recurring financial income`75`	1	27	4	26	49	1	44	8	94	34	102	223	774	261	229	546	549
Financial charges`65/66B`	24,149	29,049	28,966	19,782	22,310	33,196	33,443	35,024	37,323	50,415	57,770	56,445	46,735	41,922	44,099	30,039	33,683
Recurring financial charges`65`	24,149	29,049	28,966	19,782	22,310	33,196	33,443	35,024	37,323	50,415	57,770	56,445	46,735	41,922	44,099	30,039	33,683
Profit (loss) for the period before taxes`9903`	-58,882	-42,749	51,810	22,909	63,182	416,401	27,467	72,871	48,017	74,739	16,928	4,315	7,788	7,175	383	1,069	-5,227
Transfer from deferred taxes`780`	586	592	652	652	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes`67/77`	261	9,002	13,032	9,603	26,374	152,416	8,061	8,606	6,087	1,718	6,789	2,580	3,193	874	-	-	-
Profit (loss) for the period`9904`	-58,558	-51,159	39,430	13,957	37,836	266,392	22,565	69,336	43,833	50,121	10,139	1,735	4,595	6,301	383	1,069	-5,227
Transfer from tax-exempt reserves`789`	1,137	1,150	1,266	1,266	7,853	4,675	6,135	9,848	3,696	4,374	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	-	18,750	14,500	48,846	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	-57,420	-50,009	40,696	15,224	45,689	271,068	28,700	60,433	33,029	5,649	10,139	1,735	4,595	6,301	383	1,069	-5,227
Appropriation of the result
Profit (loss) to be appropriated`9906`	-66,171	-48,089	42,617	17,145	47,610	272,989	30,621	62,354	34,950	7,570	12,060	3,656	6,516	8,222	2,304	2,990	1,921
Profit (loss) brought forward from the previous period`14P`	-8,751	1,921	1,921	1,921	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	28,700	79,771	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	40,696	15,224	45,689	271,068	28,700	40,433	14,529	649	8,139	1,735	4,595	6,301	383	1,069	-
To the legal reserve`6920`	-	-	-	-	-	-	-	662	14,529	649	8,139	1,735	4,595	6,301	383	1,069	-
To other reserves`6921`	-	-	40,696	15,224	45,689	271,068	28,700	39,771	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	28,700	40,433	-	-	-	-	-	20,000	18,500	5,000	2,000	-	-	-	-	-	-
Return on contributions (dividend)`694`	28,700	40,433	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Directors or managers`695`	-	-	-	-	-	-	-	20,000	18,500	5,000	2,000	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	1.9	13.2	10.1	8.6	6.2	5.7	5.1	3.7	2.8	2.2	1.4	1.5
Hours worked`1013`	-	-	-	-	-	2,938	18,323	14,755	12,756	10,067	9,272	7,946	5,742	4,807	3,466	2,010	1,830
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Financial year	Type	Filed	Reference	Document
31-08-2025	abbreviated format	31-03-2026	2026-00069891	PDF
31-08-2024	abbreviated format	28-03-2025	2025-00058919	PDF
31-08-2023	abbreviated format	29-03-2024	2024-00055637	PDF
31-08-2022	abbreviated format	30-03-2023	2023-00053843	PDF
31-08-2021	abbreviated format	31-03-2022	2022-09800591	PDF
31-08-2020	abbreviated format	31-03-2021	2021-09400040	PDF
31-08-2019	abbreviated format	30-06-2020	2020-23900571	PDF
31-08-2018	abbreviated format	30-03-2019	2019-09000057	PDF
31-08-2017	abbreviated format	02-05-2018	2018-11800281	PDF
31-08-2016	abbreviated format	31-03-2017	2017-08200192	PDF
31-08-2015	abbreviated format	11-03-2016	2016-06200422	PDF
31-08-2014	abbreviated format	05-03-2015	2015-05600414	PDF
31-08-2013	abbreviated format	31-03-2014	2014-08200333	PDF
31-08-2012	abbreviated format	28-03-2013	2013-07500393	PDF
31-08-2011	abbreviated format	30-04-2012	2012-10100286	PDF
31-08-2010	abbreviated format	31-03-2011	2011-07600023	PDF
31-08-2009	abbreviated format	31-03-2010	2010-08500462	PDF
31-08-2008	abbreviated format	30-03-2009	2009-08000179	PDF
31-08-2007	abbreviated format	07-04-2008	2008-08800380	PDF
31-08-2006	abbreviated format	02-03-2007	2007-05900069	PDF
31-08-2005	abbreviated format	24-03-2006	2006-07600171	PDF
31-08-2004	abbreviated format	25-02-2005	2005-05600180	PDF
31-08-2003	abbreviated format	10-05-2004	2004-13400274	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
EBITDA	35,468	56,464	148,984	120,945	177,830	617,012	152,190	197,783	162,179	211,733	156,572	145,730	159,331	98,958	94,488	93,625	67,826
Cash flow	11,645	19,031	107,642	92,237	130,223	433,808	113,889	159,232	120,766	136,734	92,115	86,928	110,177	56,423	50,618	64,132	34,692
Investment in fixed assets (approximation)	0	36,305	1,110	5,510	61,590	552,484	50,017	72,738	15,900	55,991	21,509	103,742	466,086	2,009	18,037	307,081	38,956
Change in cash	-93,296	82	66,044	-47,336	-25,435	83,768	-68,110	38,832	12,762	20,147	18,075	-49,366	14,354	-4,854	17,632	-1,014	-
Working capital	22,597	84,384	199,910	244,096	233,458	257,586	319,969	317,070	312,443	267,094	287,805	202,294	155,021	145,186	111,307	86,718	79,068
Solvency	58.2%	57.3%	56.7%	49.6%	47.7%	38.5%	33.0%	29.8%	25.8%	23.6%	21.1%	20.2%	21.5%	31.1%	29.7%	9.6%	12.9%
Current ratio	1.27	1.69	2.35	2.52	2.75	1.70	2.77	2.44	2.28	2.00	2.84	1.97	1.90	2.96	2.33	2.05	2.35
Quick ratio	0.62	1.36	1.36	0.89	1.16	1.10	1.34	1.36	1.34	1.15	1.69	1.16	1.22	1.90	1.35	1.61	1.98
Debt to equity	0.71	0.73	0.75	1.00	1.08	1.58	2.00	2.31	2.77	3.13	3.71	3.95	3.65	2.21	2.37	9.43	6.74
ROE	-9.1%	-7.0%	4.8%	1.8%	4.9%	36.3%	4.8%	15.6%	11.1%	13.5%	3.1%	0.5%	1.5%	2.0%	0.1%	1.1%	-5.3%
ROA	-5.3%	-4.0%	2.7%	0.9%	2.3%	14.0%	1.6%	4.6%	2.9%	3.2%	0.7%	0.1%	0.3%	0.6%	0.0%	0.1%	-0.7%
Interest coverage	1.47	1.94	5.14	6.11	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-08-2025	31-08-2024	31-08-2023	31-08-2022
Debts secured on the company's own assets	€361,427	€405,860	€457,793	€617,227
Mortgages, amount registered	€412,500	€412,500	€412,500	€412,500
Mortgage mandates	€247,500	€366,500	€366,500	-
Carrying value of the mortgaged assets	€1.0m	€1.1m	€1.1m	€1.2m

Item	31-08-2025	31-08-2024	31-08-2023	31-08-2022
Tangible fixed assets	-	€36,305	€1,110	€5,510
Depreciation and write-downs of the year	€70,202	€70,190	€68,212	€78,280

Refurb Pro

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency58.2%

Current ratio1.27

Return on assets-5.3%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on Refurb Pro

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