RISI (0472.559.947): financials and annual accounts

RISI

Brussels ·KBO/BCE: BE 0472.559.947

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	4.3m	4.3m	958,974	800,659	474,038	467,870	255,171	593,680	350,115	320,049	406,894	296,383	131,332	343,994	440,853	1.4m	1.5m	1.6m	1.5m	2.0m
Fixed assets`21/28`	20,707	8,606	14,580	15,078	33,403	36,966	51,169	77,367	94,395	123,761	114,530	37,361	38,845	106,312	120,356	122,273	130,857	135,513	168,747	184,337
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	162	387
Tangible fixed assets`22/27`	-	-	-	-	-	3,563	17,735	40,513	57,541	86,938	77,707	33,941	33,000	44,837	60,081	62,771	68,976	79,946	36,825	55,653
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	325	648	3,267	5,885	8,504
Furniture and vehicles`24`	-	-	-	-	0	3,563	17,735	40,513	57,159	76,832	67,009	17,894	11,605	18,093	27,988	25,004	25,537	24,015	21,890	33,575
Other tangible fixed assets`26`	-	-	-	-	-	-	0	-	382	10,106	10,698	16,047	21,395	26,744	32,093	37,442	42,791	52,664	9,050	13,574
Financial fixed assets`28`	20,707	8,606	14,580	15,078	33,403	33,403	33,434	36,854	36,854	36,823	36,823	3,420	5,845	61,475	60,275	59,502	61,881	55,567	131,760	128,297
Other financial fixed assets`284/8`	20,707	8,606	14,580	15,078	33,403	33,403	33,434	36,854	36,854	36,823	36,823	3,420	5,845	61,475	60,275	59,502	61,881	55,567	131,760	128,297
Amounts receivable and cash guarantees`285/8`	20,707	8,606	14,580	15,078	33,403	33,403	33,434	36,854	36,854	36,823	36,823	3,420	5,845	61,475	60,275	59,502	61,881	55,567	131,760	128,297
Current assets`29/58`	4.3m	4.3m	944,394	785,581	440,635	430,904	204,002	516,313	255,720	196,288	292,364	259,022	92,487	237,682	320,497	1.3m	1.4m	1.5m	1.3m	1.9m
Amounts receivable within one year`40/41`	3.7m	3.7m	692,133	568,021	339,687	249,296	100,295	202,579	194,287	148,681	158,411	198,612	53,151	105,940	58,909	1.1m	1.3m	1.2m	943,083	1.4m
Trade receivables`40`	664	35,393	24,495	23,906	-	-	61,685	133,127	37,574	110,649	28,451	53,671	-	2,772	14,532	945,831	1.2m	1.1m	925,685	500,827
Other amounts receivable`41`	3.7m	3.7m	667,638	544,115	339,687	249,296	38,610	69,452	156,713	38,032	129,960	144,941	53,151	103,168	44,376	125,529	57,875	147,368	17,398	911,401
Cash at bank and in hand`54/58`	631,792	602,737	181,237	184,348	73,170	151,838	80,266	269,144	25,246	43,331	127,023	32,598	39,336	129,557	40,131	227,871	107,193	248,719	386,211	404,399
Deferred charges and accrued income`490/1`	-	-	71,024	33,212	27,778	29,770	23,441	44,590	36,187	4,276	6,930	27,812	-	2,184	221,457	12,403	-	28,507	-	40,827
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	4.3m	4.3m	958,974	800,659	474,038	467,870	255,171	593,680	350,115	320,049	406,894	296,383	131,332	343,994	440,853	1.4m	1.5m	1.6m	1.5m	2.0m
Equity`10/15`	508,006	226,740	-208,892	-649,952	-945,937	-1.3m	-2.5m	-3.2m	-3.3m	-4.8m	-5.2m	-4.5m	-5.2m	-5.5m	-3.7m	-2.8m	-1.1m	-632,583	-172,192	400,173
Contributions`10/11`	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m
Issued capital`100`	-	-	-	-	-	-	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m	1.5m
Uncalled capital`101`	-	-	-	-	-	-	5,215	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Profit (loss) carried forward`14`	-975,084	-1.3m	-1.7m	-2.1m	-2.4m	-2.7m	-3.9m	-4.7m	-4.8m	-6.2m	-6.7m	-6.0m	-6.7m	-6.9m	-5.2m	-4.2m	-2.6m	-2.1m	-1.6m	-1.1m
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,728	8,338
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,728	8,338
Pensions and similar obligations`160`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,728	8,338
Amounts payable`17/49`	3.8m	4.1m	1.2m	1.5m	1.4m	1.7m	2.7m	3.8m	3.7m	5.1m	5.6m	4.8m	5.4m	5.8m	4.2m	4.2m	2.7m	2.3m	1.7m	1.6m
Amounts payable within one year`42/48`	3.8m	4.0m	1.0m	1.4m	1.4m	1.7m	2.6m	3.6m	3.6m	5.0m	5.6m	4.7m	5.4m	5.7m	4.2m	3.8m	2.3m	1.6m	712,319	501,054
Trade debts`44`	61,835	229,224	83,307	87,306	146,226	78,160	161,044	76,663	148,353	92,765	170,485	58,582	49,560	106,527	44,992	151,172	158,009	83,947	171,649	94,360
Suppliers`440/4`	61,835	229,224	83,307	87,306	146,226	78,160	161,044	76,663	148,353	92,765	170,485	58,582	49,560	106,527	44,992	151,172	158,009	83,947	171,649	94,360
Taxes, remuneration and social security`45`	729,891	729,309	750,803	883,917	741,098	549,179	785,723	584,970	677,549	516,269	668,815	539,746	398,736	525,350	214,340	274,386	363,835	592,975	431,034	395,669
Taxes`450/3`	304,678	354,892	302,649	271,184	173,471	-	24,370	11,847	268	26,487	68,244	66,143	14,014	45,537	53,735	49,913	136,399	107,859	144,923	109,414
Remuneration and social security`454/9`	425,213	374,417	448,154	612,733	567,627	549,179	761,353	573,123	677,281	489,782	600,571	473,603	384,722	479,812	160,604	224,473	227,436	485,116	286,111	286,255
Other amounts payable`47/48`	3.0m	3.0m	210,079	421,127	532,651	1.1m	1.6m	3.0m	2.8m	4.4m	4.7m	4.1m	4.9m	5.1m	3.9m	3.3m	1.7m	880,363	109,636	11,025
Accrued charges and deferred income`492/3`	-	108,626	123,677	58,261	-	-	143,810	208,969	92,820	38,770	39,489	148,037	-	112,990	-	439,671	409,867	711,677	954,186	1.1m
Income statement
Operating income`70/76A`	3.9m	4.3m	4.0m	4.1m	3.9m	4.5m	4.0m	3.3m	4.8m	3.1m	2.6m	3.7m	3.8m	1.7m	2.4m	1.4m	3.1m	4.0m	4.9m	5.7m
Turnover`70`	305,341	800,341	347,646	338,801	-	415,655	1.1m	324,754	483,726	306,769	721,293	12,709	483,320	529,686	1.6m	603,857	1.9m	2.1m	3.0m	2.2m
Other operating income`74`	3.6m	3.5m	3.6m	3.8m	3.9m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	13,842	-	-	-	-	-	-	-	-	-	-	-
Operating charges`60/66A`	3.5m	3.7m	3.4m	3.7m	3.4m	3.3m	3.3m	3.1m	3.4m	2.6m	3.3m	3.0m	3.5m	3.3m	3.3m	3.0m	3.6m	4.5m	5.3m	6.0m
Services and other goods`61`	362,690	715,031	397,411	435,134	421,648	556,015	938,417	632,540	775,149	506,246	1.1m	792,484	926,187	966,010	961,895	632,605	1.4m	1.2m	1.9m	1.2m
Remuneration, social security and pensions`62`	3.1m	3.0m	3.0m	3.3m	3.0m	2.7m	2.2m	2.5m	2.6m	2.1m	2.2m	2.1m	2.6m	2.5m	2.4m	2.1m	2.1m	3.2m	3.3m	4.8m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	-	0	3,563	14,172	25,842	17,028	37,298	17,754	11,583	9,553	11,836	19,606	24,404	23,204	32,003	31,030	26,639	43,254
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	546	-11,515	7,792	2,399	-	-	-	-	-	-	-	-	-	-762,888	-69,928	164,846	67,586	-	-	4,595
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,728	-4,610	-4,610
Other operating charges`640/8`	-	-	-	0	368	441	301	1,266	-	8,600	13,130	4,058	12,793	635,353	20,861	29,934	39,345	37,613	83,763	50,670
Non-recurring operating charges`66A`	-	-	-	-	-	6,000	54,501	-	-	-	-	-	3,710	-	-	-	-	-	-	-
Operating profit (loss)`9901`	412,921	627,523	615,463	422,366	491,147	1.2m	776,544	100,978	1.4m	446,429	-683,289	705,279	277,458	-1.7m	-943,838	-1.6m	-497,439	-482,843	-409,672	-338,592
Financial income`75/76B`	5,044	1,743	5,887	1,954	-	-	-	-	-	1,291	2,396	-	-	8,051	5,168	34,819	42,390	100,891	46,836	3,818
Recurring financial income`75`	5,044	1,743	5,887	1,954	-	-	-	-	-	1,291	2,396	-	-	8,051	5,168	34,819	42,390	100,891	46,836	3,818
Income from financial fixed assets`750`	-	-	-	-	-	-	-	-	0	1,291	2,396	-	-	-	-	-	-	303	-	-
Income from current assets`751`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,598	720	2,143	2,199	2,775	2,802
Other financial income`752/9`	5,044	1,743	5,887	1,954	-	-	-	-	-	-	-	-	-	8,051	3,570	34,099	40,248	98,389	44,061	1,016
Financial charges`65/66B`	25,099	15,515	4,836	996	4,493	6,083	11,309	1,340	1,644	836	4,145	11,267	38,660	31,165	43,757	37,921	56,564	77,971	207,703	131,334
Recurring financial charges`65`	25,099	15,515	4,836	996	4,493	6,083	4,124	1,340	1,644	836	4,145	11,267	38,660	31,165	43,757	37,921	56,564	77,971	207,703	131,334
Debt charges`650`	-	-	0	996	4,493	6,083	4,124	1,340	1,644	836	4,145	2,352	3,336	7,246	13,987	9,561	15,194	14,382	22,705	15,845
Other financial charges`652/9`	25,099	15,515	4,836	-	-	-	-	-	-	-	-	8,915	35,324	23,919	29,770	28,360	41,370	63,589	184,998	115,488
Non-recurring financial charges`66B`	-	-	-	-	-	-	7,185	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	392,866	613,751	616,514	423,324	486,654	1.2m	765,235	99,638	1.4m	446,884	-685,038	694,012	235,088	-1.7m	-982,427	-1.6m	-511,613	-459,923	-570,539	-466,108
Income taxes`67/77`	111,600	178,119	175,454	127,339	173,470	-	-	-	-	-	-	1,164	-2,165	-	448	10,746	325	468	1,826	55,420
Taxes`670/3`	111,600	178,119	175,454	127,339	173,470	-	-	-	-	-	-	1,164	16	-	448	10,746	325	468	1,826	55,420
Tax adjustments and reversals of tax provisions`77`	-	-	-	-	-	-	-	-	-	-	-	-	2,181	-	-	-	-	-	-	-
Profit (loss) for the period`9904`	281,266	435,632	441,060	295,985	313,184	1.2m	765,235	99,638	1.4m	446,884	-685,038	692,848	237,253	-1.7m	-982,874	-1.6m	-511,937	-460,391	-572,365	-521,528
Profit (loss) for the period to be appropriated`9905`	281,266	435,632	441,060	295,985	313,184	1.2m	765,235	99,638	1.4m	446,884	-685,038	692,848	237,253	-1.7m	-982,874	-1.6m	-511,937	-460,391	-572,365	-521,528
Appropriation of the result
Profit (loss) to be appropriated`9906`	-975,084	-1.3m	-1.7m	-2.1m	-2.4m	-2.7m	-3.9m	-4.7m	-4.8m	-6.2m	-6.7m	-6.0m	-6.7m	-6.9m	-5.2m	-4.2m	-2.6m	-2.1m	-1.6m	-1.1m
Profit (loss) brought forward from the previous period`14P`	-1.3m	-1.7m	-2.1m	-2.4m	-2.7m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	5,215	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Addition to contributions`691`	-	-	-	5,215	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	14.8	19.2	21.4	23.4	23.2	20	19.1	20.3	20.5	20.4	18.9	18.1	18.8	21.8	21.3	23.7	20.9	23.3	27.2	28.7
Men (FTE)`1003`	4.1	8.1	10	10.3	10.8	10.9	10.1	10.2	10	9.5	8.1	7.3	8	10	9.5	-	-	-	-	-
Women (FTE)`1003`	10.7	11.1	11.4	12.7	11.1	9.1	9	10.1	10.5	10.9	10.8	10.8	10.8	11.8	11.8	-	-	-	-	-
Hours worked`1013`	22,912	29,170	34,759	37,896	36,272	33,738	31,217	32,257	32,994	32,718	31,294	28,887	29,227	33,946	33,016	37,458	33,778	38,601	45,937	47,956
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Financial year	Type	Filed	Reference	Document
31-12-2025	full format	18-07-2026	2026-00324990	PDF
31-12-2024	unclassified schema	07-07-2025	2025-00239991	PDF
31-12-2023	unclassified schema	10-07-2024	2024-00234226	PDF
31-12-2022	unclassified schema	07-07-2023	2023-00226943	PDF
31-12-2021	unclassified schema	30-06-2022	2022-20135559	PDF
31-12-2020	unclassified schema	15-07-2021	2021-35800003	PDF
31-12-2019	full format	13-07-2020	2020-29700223	PDF
31-12-2018	full format	20-08-2019	2019-47400213	PDF
31-12-2017	full format	13-08-2018	2018-47000319	PDF
31-12-2016	full format	15-03-2018	2018-07300199	PDF
31-12-2015	full format	24-10-2016	2016-66100364	PDF
31-12-2014	full format	26-11-2015	2015-67800439	PDF
31-12-2013	full format	30-09-2014	2014-62500380	PDF
31-12-2012	full format	30-12-2013	2013-70300490	PDF
31-12-2011	full format	24-06-2013	2013-20900331	PDF
31-12-2010	full format	22-12-2011	2011-64900222	PDF
31-12-2009	full format	22-12-2010	2010-64200368	PDF
31-12-2008	full format	28-10-2009	2009-83100221	PDF
31-12-2007	full format	30-12-2008	2008-87800154	PDF
31-12-2006	full format	23-10-2007	2007-78000080	PDF
31-12-2005	full format	31-08-2006	2006-76700651	PDF
31-12-2004	full format	30-09-2005	2005-81402346	PDF
31-12-2003	full format	02-07-2004	2004-40503107	PDF
31-12-2002	full format	14-10-2003	2003-74702572	PDF
31-12-2001	full format	03-07-2003	2003-39801873	PDF
31-12-2000	full format	23-10-2002	2002-68102784	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-	-	-	422,366	494,710	1.2m	802,386	118,006	1.5m	464,183	-671,706	714,832	289,294	-1.7m	-919,434	-1.6m	-465,436	-451,813	-383,033	-295,338
Cash flow	-	-	-	295,985	316,747	1.2m	791,077	116,666	1.5m	464,638	-673,455	702,401	249,089	-1.7m	-958,470	-1.6m	-479,934	-429,361	-545,726	-478,274
Investment in fixed assets (approximation)	-	-	-	-18,325	0	-31	3,064	0	9,902	26,985	55,349	10,494	-55,631	4,362	21,714	16,999	21,034	73,989	7,586	15,440
Change in cash	29,055	421,500	-3,111	111,178	-78,668	71,572	-188,878	243,898	-18,085	-83,692	94,425	-6,738	-90,221	89,426	-187,740	120,678	-141,527	-137,492	-18,188	-
Working capital	487,299	326,760	-99,795	-606,769	-979,340	-1.3m	-2.4m	-3.1m	-3.3m	-4.9m	-5.3m	-4.4m	-5.3m	-5.5m	-3.9m	-2.4m	-865,510	-56,419	616,975	1.4m
EBIT margin	-	78.4%	-	-	-	-	71.8%	31.1%	-	-	-94.7%	-	57.4%	-	-58.1%	-	-26.2%	-22.9%	-13.6%	-15.7%
Solvency	11.8%	5.3%	-21.8%	-81.2%	-199.5%	-269.1%	-968.6%	-546.4%	-955.0%	-	-	-	-	-	-849.6%	-192.7%	-75.0%	-38.7%	-11.5%	19.6%
Current ratio	1.13	1.08	0.90	0.56	0.31	0.25	0.08	0.14	0.07	0.04	0.05	0.06	0.02	0.04	0.08	0.35	0.62	0.96	1.87	3.71
Debt to equity	7.48	18.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.08
ROE	55.4%	192.1%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-130.3%
ROA	6.5%	10.1%	46.0%	37.0%	66.1%	259.1%	299.9%	16.8%	406.4%	139.6%	-168.4%	233.8%	180.7%	-497.9%	-222.9%	-112.9%	-33.5%	-28.1%	-38.2%	-25.5%
Interest coverage	-	-	-	over 100	over 100	over 100	over 100	88.06	over 100	over 100	-162.05	over 100	86.72	-230.49	-65.74	-165.39	-30.63	-31.42	-16.87	-18.64
Customer credit	1 day	16 days	26 days	26 days	-	219 days	21 days	150 days	28 days	132 days	14 days	1541 days	40 days	2 days	3 days	572 days	237 days	186 days	112 days	85 days
Supplier credit	62 days	117 days	77 days	73 days	127 days	51 days	63 days	44 days	70 days	67 days	59 days	27 days	20 days	40 days	17 days	87 days	43 days	26 days	33 days	29 days

By activity	2022	2023	2024
SYMPOSIUM	-	-	€800,341
Evénement	€338,801	€347,646	-
Total	€338,801	€347,646	€800,341

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	13	19	21	24	24
full-time	10	13	18	20	20
part-time	3	6	3	4	4
in full-time equivalents	12.6	18.4	20.5	23.4	23.2
Average over the year, in full-time equivalents	14.8	19.2	21.4	23	21.9
On a permanent contract	12	19	21	24	23
Joined	1	1	0	3	5
Left	6	3	3	3	2
Training hours	-	0	0	113	86

RISI

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency11.8%

Current ratio1.13

Return on assets6.5%

Staff

Men and women72% women

Staff cost per FTE€210,648

Joined and left-5

Filed annual accounts

Filings

Key figures and ratios

Revenue breakdown

By activity 2024

Social balance sheet

Overdue debts

Auditor

Insights on RISI

Next steps