Rode Quartet (0832.477.655): financials and annual accounts

Rode Quartet

Jabbeke ·KBO/BCE: BE 0832.477.655

Line	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Balance sheet: assets
Total assets`20/58`	893,273	754,075	780,948	760,124	842,271	951,907	1.1m	740,766	586,719	385,436	85,922	28,687	31,746	20,642
Fixed assets`21/28`	571,796	570,884	672,308	678,948	768,484	847,712	957,656	654,673	537,308	343,178	446	1,459	4,335	5,533
Tangible fixed assets`22/27`	545,396	544,484	645,908	652,548	742,084	821,312	931,256	628,273	524,408	330,278	446	1,459	4,335	5,533
Land and buildings`22`	170,857	174,147	177,437	180,726	184,016	185,524	190,336	195,148	194,812	-	-	-	-	-
Plant, machinery and equipment`23`	113,697	158,296	199,844	146,607	180,075	156,994	188,208	137,798	140,580	120,641	-	-	-	-
Furniture and vehicles`24`	73,703	13,095	20,665	28,234	33,178	88,652	120,552	152,849	31,781	34,858	446	1,459	4,335	5,533
Leasing and similar rights`25`	37,211	-	-	-	-	-	-	-	-	-	-	-	-	-
Other tangible fixed assets`26`	149,928	198,945	247,963	296,980	344,815	390,142	432,160	142,478	157,235	174,779	-	-	-	-
Financial fixed assets`28`	26,400	26,400	26,400	26,400	26,400	26,400	26,400	26,400	12,900	12,900	-	-	-	-
Current assets`29/58`	321,476	183,191	108,640	81,175	73,787	104,195	135,008	86,093	49,411	42,258	85,475	27,227	27,412	15,108
Amounts receivable after more than one year`29`	240,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	240,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Stocks and contracts in progress`3`	-	20,000	20,000	20,000	20,000	20,000	50,000	10,000	10,000	10,000	1,840	2,198	2,013	2,172
Stocks`30/36`	-	20,000	20,000	20,000	20,000	20,000	50,000	10,000	10,000	10,000	1,840	2,198	2,013	2,172
Amounts receivable within one year`40/41`	38,843	128,695	27,190	37,599	34,646	27,761	26,260	32,068	15	18,732	28,027	17,385	22,242	1,819
Trade receivables`40`	10,893	11,948	-	11,339	5,302	1,501	-	-	-	1,568	-	-	-	1,006
Other amounts receivable`41`	27,951	116,747	27,190	26,260	29,344	26,260	26,260	32,068	15	17,164	28,027	17,385	22,242	814
Cash at bank and in hand`54/58`	17,404	17,116	35,474	19,612	14,192	55,379	48,761	44,025	38,338	13,526	55,609	7,644	2,856	10,797
Deferred charges and accrued income`490/1`	25,229	17,381	25,976	3,964	4,948	1,055	9,987	-	1,058	-	-	-	300	320
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	893,273	754,075	780,948	760,124	842,271	951,907	1.1m	740,766	586,719	385,436	85,922	28,687	31,746	20,642
Equity`10/15`	411,050	383,138	268,613	195,458	206,478	312,380	285,991	290,052	253,914	191,455	40,151	24,309	21,238	9,046
Contributions`10/11`	218,600	218,600	218,600	218,600	218,600	218,600	218,600	218,600	218,600	218,600	18,600	6,200	6,200	6,200
Issued capital`100`	-	-	-	-	-	218,600	218,600	218,600	218,600	218,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	-	-	-	-	-	12,400	12,400	12,400
Contributions outside capital`11`	-	-	218,600	218,600	-	-	-	-	-	-	-	-	-	-
Other`1109/19`	-	-	218,600	218,600	-	-	-	-	-	-	-	-	-	-
Reserves`13`	58,929	58,929	58,929	58,929	58,929	52,923	35,922	30,072	22,551	21,551	21,551	18,109	15,038	2,846
Non-distributable reserves`130/1`	-	-	21,860	21,860	21,860	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	21,860	4,860	4,860	2,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	-	-	21,860	21,860	21,860	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	17,377	17,377	17,377	17,377	17,377	11,371	11,371	5,521	-	-	-	-	-	-
Distributable reserves`133`	41,551	41,551	19,691	19,691	19,691	19,691	19,691	19,691	19,691	19,691	19,691	16,249	13,178	986
Profit (loss) carried forward`14`	133,522	105,609	-8,916	-82,070	-71,050	40,857	31,469	41,380	12,763	-48,696	-	-	-	-
Amounts payable`17/49`	482,222	370,937	512,335	564,665	635,793	639,527	806,673	450,714	332,805	193,981	45,770	4,377	10,509	11,596
Amounts payable after more than one year`17`	212,340	137,674	149,800	180,649	212,472	205,171	258,071	219,424	160,917	-	-	-	-	-
Financial debts`170/4`	212,340	137,674	149,800	180,649	212,472	205,171	258,071	219,424	160,917	-	-	-	-	-
Amounts payable within one year`42/48`	263,051	231,354	360,763	382,897	421,017	434,356	548,598	231,287	171,886	193,979	45,770	4,377	10,509	11,596
Current portion of amounts payable after more than one year`42`	43,909	741	30,849	31,823	31,016	52,900	51,856	31,947	9,978	-	-	-	-	-
Financial debts`43`	50,000	50,000	50,000	50,000	100,000	100,000	100,000	-	-	-	-	-	-	9,061
Credit institutions`430/8`	50,000	50,000	50,000	50,000	100,000	100,000	100,000	-	-	-	-	-	-	9,061
Trade debts`44`	76,712	103,874	79,020	31,494	23,293	71,080	175,714	129,850	118,012	124,680	3,711	1,767	3,953	-
Suppliers`440/4`	76,712	103,874	79,020	31,494	23,293	71,080	175,714	129,850	118,012	124,680	3,711	1,767	3,953	-
Advances received on contracts in progress`46`	1,073	-	-	265	230	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	65,270	56,225	53,558	49,299	26,743	41,196	78,914	60,371	34,473	34,299	2,060	2,611	6,556	2,535
Taxes`450/3`	36,061	28,207	32,955	24,743	800	9,964	45,410	32,881	15,684	1,502	2,060	2,611	6,556	2,535
Remuneration and social security`454/9`	29,210	28,018	20,602	24,556	25,943	31,232	33,504	27,490	18,789	32,797	-	-	-	-
Other amounts payable`47/48`	26,087	20,514	147,337	220,016	239,736	169,180	142,114	9,119	9,423	35,000	40,000	-	-	-
Accrued charges and deferred income`492/3`	6,832	1,908	1,772	1,119	2,304	-	4	3	2	2	-	-	-	-
Income statement
Non-recurring operating income`76A`	117	-	192	-	-	-	-	-	44,232	-	-	-	-	-
Gross operating margin`9900`	387,228	386,290	312,120	192,544	130,757	434,039	380,923	290,766	196,612	29,353	7,260	8,300	23,274	7,250
Remuneration, social security and pensions`62`	205,106	145,404	117,187	83,868	77,948	269,109	247,479	133,712	63,944	52,727	1,806	1,917	3,578	771
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	123,506	109,407	99,141	97,065	96,822	118,736	118,088	76,923	43,734	19,023	1,013	2,875	2,866	2,316
Other operating charges`640/8`	889	1,321	6,390	3,268	2,769	6,334	7,961	20,809	11,381	2,864	528	487	1,286	200
Non-recurring operating charges`66A`	-	-	1,346	-	48,653	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	57,728	130,158	88,057	8,342	-95,435	39,859	7,395	59,322	77,553	-45,261	3,913	3,020	15,544	3,963
Financial income`75/76B`	66	5	10	428	133	364	996	94	122	55	1,590	1,408	898	1
Recurring financial income`75`	66	5	10	428	133	364	996	94	122	55	1,590	1,408	898	1
Financial charges`65/66B`	20,835	15,638	14,716	16,906	13,601	13,166	12,078	8,977	6,739	3,490	1,013	345	228	181
Recurring financial charges`65`	20,835	15,638	14,716	16,906	13,601	13,166	12,078	8,977	6,739	3,490	1,013	345	228	181
Profit (loss) for the period before taxes`9903`	36,959	114,525	73,350	-8,136	-108,903	27,057	-3,687	50,439	70,936	-48,696	4,490	4,084	16,213	3,783
Income taxes`67/77`	1,546	-	196	2,884	-	668	374	14,301	8,477	-	1,047	1,012	4,022	937
Profit (loss) for the period`9904`	35,413	114,525	73,154	-11,020	-108,903	26,389	-4,061	36,138	62,459	-48,696	3,442	3,072	12,191	2,846
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	5,850	5,521	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	35,413	114,525	73,154	-11,020	-108,903	26,389	-9,911	30,617	62,459	-48,696	3,442	3,072	12,191	2,846
Appropriation of the result
Profit (loss) to be appropriated`9906`	141,022	105,609	-8,916	-82,070	-71,050	57,857	31,469	43,380	13,763	-48,696	3,442	3,072	12,191	2,846
Profit (loss) brought forward from the previous period`14P`	105,609	-8,916	-82,070	-71,050	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	17,000	-	2,000	1,000	-	3,442	3,072	12,191	2,846
To the legal reserve`6920`	-	-	-	-	-	17,000	-	2,000	1,000	-	-	-	-	1,860
To other reserves`6921`	-	-	-	-	-	-	-	-	-	-	3,442	3,072	12,191	986
Profit to be distributed`694/7`	7,500	-	-	-	-	-	-	-	-	-	-	-	-	-
Directors or managers`695`	7,500	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	5.2	4.5	8.8	11	1.4	10.7	10	8.2	5.3	3.6	0.2	0.2	0.1	0.1
Hours worked`1013`	8,035	6,605	6,013	4,649	1,621	12,532	11,752	6,509	3,730	3,506	-	-	-	70
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2024	abbreviated format	11-12-2025	2025-00579844	PDF
31-12-2023	abbreviated format	09-10-2024	2024-00501177	PDF
31-12-2022	micro format	03-11-2023	2023-00504294	PDF
31-12-2021	micro format	17-10-2022	2022-20462697	PDF
31-12-2020	micro format	27-08-2021	2021-54400501	PDF
31-12-2019	abbreviated format	01-08-2020	2020-39600154	PDF
31-12-2018	abbreviated format	27-06-2019	2019-23600422	PDF
31-12-2017	abbreviated format	31-07-2018	2018-41800282	PDF
31-12-2016	abbreviated format	20-11-2017	2017-70000024	PDF
31-12-2015	abbreviated format	27-10-2016	2016-66500451	PDF
31-12-2014	abbreviated format	07-09-2015	2015-58200204	PDF
31-12-2013	abbreviated format	25-09-2014	2014-60400192	PDF
31-12-2012	abbreviated format	20-09-2013	2013-59000462	PDF
31-12-2011	abbreviated format	12-11-2012	2012-63500444	PDF

Line	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
EBITDA	181,234	239,565	187,198	105,408	1,387	158,595	125,483	136,245	121,287	-26,238	4,926	5,896	18,410	6,279
Cash flow	158,918	223,932	172,295	86,045	-12,081	145,125	114,027	113,061	106,193	-29,673	4,455	5,947	15,057	5,162
Investment in fixed assets (approximation)	124,418	7,983	92,500	7,529	66,247	8,793	421,071	180,786	235,111	179,966	0	0	1,667	7,849
Change in cash	288	-18,358	15,862	5,419	-41,186	6,618	4,736	5,687	24,812	-42,083	47,964	4,788	-7,941	-
Working capital	58,425	-48,164	-252,123	-301,722	-347,230	-330,162	-413,590	-145,194	-122,475	-151,721	39,705	22,850	16,903	3,513
Solvency	46.0%	50.8%	34.4%	25.7%	24.5%	32.8%	26.2%	39.2%	43.3%	49.7%	46.7%	84.7%	66.9%	43.8%
Current ratio	1.22	0.79	0.30	0.21	0.18	0.24	0.25	0.37	0.29	0.22	1.87	6.22	2.61	1.30
Quick ratio	1.22	0.71	0.25	0.16	0.13	0.19	0.15	0.33	0.23	0.17	1.83	5.72	2.42	1.12
Debt to equity	1.17	0.97	1.91	2.89	3.08	2.05	2.82	1.55	1.31	1.01	1.14	0.18	0.49	1.28
ROE	8.6%	29.9%	27.2%	-5.6%	-52.7%	8.4%	-1.4%	12.5%	24.6%	-25.4%	8.6%	12.6%	57.4%	31.5%
ROA	4.0%	15.2%	9.4%	-1.4%	-12.9%	2.8%	-0.4%	4.9%	10.6%	-12.6%	4.0%	10.7%	38.4%	13.8%
Interest coverage	8.70	15.32	12.72	6.23	-	-	-	-	-	-	-	-	-	-

Item	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	8	10	9	11
full-time	2	1	-	-
part-time	6	9	9	11
in full-time equivalents	4.7	6.3	4.4	6.2
Average over the year, in full-time equivalents	5.2	4.5	5.2	6.2
On a permanent contract	6	8	6	9
Joined	16	19	20	24
Left	18	18	22	20

Item	2024	2023	2022	2021
Debts secured on the company's own assets	-	€87,674	-	-
Debts guaranteed by Belgian public bodies	-	€50,000	-	-
Carrying value of the mortgaged assets	-	€544,484	-	-

Rode Quartet

Annual accounts 2024

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency46.0%

Current ratio1.22

Return on assets4.0%

Staff

Staff cost per FTE€39,443

Joined and left-2

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on Rode Quartet

Next steps

Item	2024	2023	2022	2021
Tangible fixed assets	€124,418	€7,983	€92,500	€7,529
Depreciation and write-downs of the year	€123,506	€109,407	€99,141	€97,065