SENSOA (0446.232.167): financials and annual accounts

SENSOA

Antwerp ·KBO/BCE: BE 0446.232.167

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Balance sheet: assets
Total assets`20/58`	3.4m	4.0m	4.0m	3.5m	3.0m	3.3m	3.1m	2.7m	2.6m	2.4m	2.1m	2.2m	2.0m	1.8m	1.5m	1.3m	1.3m	1.1m
Fixed assets`21/28`	517,386	569,621	510,694	546,577	588,459	689,014	793,048	429,899	501,613	-	594,277	657,890	730,145	802,011	34,764	52,783	-	-
Intangible fixed assets`21`	-	-	-	-	-	-	2,001	4,002	-	-	-	-	-	-	0	10,453	26,603	11,810
Tangible fixed assets`22/27`	515,940	568,187	509,269	545,153	587,037	686,726	788,747	423,624	499,304	521,767	591,979	655,430	727,651	799,553	7,511	15,347	28,233	30,390
Land and buildings`22`	510,969	558,251	498,591	535,178	571,766	661,844	751,921	388,023	457,452	510,456	578,242	646,029	713,815	781,601	-	-	-	-
Furniture and vehicles`24`	4,971	9,936	10,679	9,975	15,271	24,882	36,825	35,601	41,852	11,311	13,737	9,401	13,836	17,952	7,511	15,347	28,233	30,390
Financial fixed assets`28`	1,446	1,434	1,425	1,423	1,422	2,289	2,300	2,273	2,309	2,270	2,298	2,460	2,494	2,458	27,253	26,983	26,228	25,001
Current assets`29/58`	2.9m	3.4m	3.5m	3.0m	2.4m	2.6m	2.3m	2.2m	2.1m	1.9m	1.5m	1.6m	1.3m	978,592	1.5m	1.3m	1.2m	1.0m
Stocks and contracts in progress`3`	18,716	32,473	33,796	11,975	26,563	26,182	10,868	13,951	12,420	14,892	5,540	9,531	3,578	5,874	9,128	13,104	13,137	19,694
Stocks`30/36`	18,716	32,473	33,796	11,975	26,563	26,182	10,868	13,951	12,420	14,892	5,540	9,531	3,578	5,874	9,128	13,104	13,137	19,694
Amounts receivable within one year`40/41`	21,375	87,298	44,122	102,669	76,597	111,794	127,527	32,242	23,552	66,337	280,023	274,659	356,168	369,365	382,466	397,248	320,355	311,716
Trade receivables`40`	20,650	46,770	43,025	41,777	14,446	52,874	69,636	26,200	22,552	59,871	19,988	9,134	49,007	67,535	97,722	63,321	51,529	32,209
Other amounts receivable`41`	725	40,528	1,097	60,892	62,150	58,920	57,891	6,043	1,000	6,466	260,035	265,525	307,161	301,830	284,744	333,927	268,826	279,507
Cash at bank and in hand`54/58`	2.8m	3.2m	3.4m	2.8m	2.3m	2.4m	2.2m	2.2m	2.1m	1.8m	1.1m	1.3m	914,844	579,230	1.1m	823,240	859,878	645,262
Deferred charges and accrued income`490/1`	86,023	69,198	38,306	61,617	27,740	89,931	22,578	22,576	26,692	32,298	39,882	29,863	29,735	24,123	39,113	35,790	51,982	53,114
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	3.4m	4.0m	4.0m	3.5m	3.0m	3.3m	3.1m	2.7m	2.6m	2.4m	2.1m	2.2m	2.0m	1.8m	1.5m	1.3m	1.3m	1.1m
Equity`10/15`	2.2m	2.8m	2.7m	2.4m	2.0m	2.2m	2.2m	2.1m	2.1m	1.9m	1.6m	1.8m	1.5m	1.3m	1.1m	913,791	853,937	794,174
Capital`10`	234,041	234,041	234,041	234,041	-	-	-	-	-	234,041	-	-	-	-	-	-	234,041	234,041
Issued capital`100`	-	-	-	-	-	-	-	-	-	234,041	-	-	-	-	-	-	234,041	234,041
Reserves`13`	1.6m	2.1m	2.2m	2.0m	1.6m	-	-	-	-	1.5m	-	-	-	-	-	-	565,640	507,736
Profit (loss) carried forward`14`	444,258	444,258	234,824	231,114	230,925	230,643	216,691	197,598	175,482	169,833	146,672	131,513	132,511	106,862	85,331	70,717	54,256	52,397
Provisions and deferred taxes`16`	139,900	139,435	229,850	101,954	91,508	60,614	59,751	47,715	35,701	21,515	18,243	10,736	7,412	7,412	3,563	5,418	4,176	2,235
Provisions for liabilities and charges`160/5`	139,900	139,435	229,850	101,954	91,508	60,614	59,751	47,715	35,701	21,515	18,243	10,736	7,412	7,412	3,563	5,418	4,176	2,235
Pensions and similar obligations`160`	139,900	139,435	126,050	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Major repairs and maintenance`162`	-	-	100,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities and charges`164/5`	-	-	3,800	101,954	91,508	60,614	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	1.0m	1.0m	1.1m	1.0m	914,573	1.1m	848,423	478,690	491,686	425,521	467,396	407,433	478,602	459,259	458,397	402,956	468,303	300,578
Amounts payable after more than one year`17`	219,269	247,780	275,890	303,603	330,926	357,864	384,421	-	-	-	-	-	-	-	-	-	-	-
Financial debts`170/4`	219,269	247,780	275,890	303,603	330,926	357,864	384,421	-	-	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	772,934	751,278	646,560	619,495	508,194	665,007	459,456	478,690	487,665	-	461,617	402,426	421,883	459,236	345,284	398,866	-	-
Current portion of amounts payable after more than one year`42`	28,511	28,110	27,713	27,323	26,938	26,558	26,183	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	70,265	56,616	50,162	75,920	101,911	58,174	78,921	99,407	107,086	68,375	80,735	61,988	78,411	145,410	46,309	90,110	73,676	53,399
Suppliers`440/4`	70,265	56,616	50,162	75,920	101,911	58,174	78,921	99,407	107,086	68,375	80,735	61,988	78,411	145,410	46,309	90,110	73,676	53,399
Taxes, remuneration and social security`45`	590,191	596,990	567,565	516,253	346,206	580,275	353,200	375,474	378,876	316,083	379,043	340,438	340,123	313,826	298,975	308,755	353,901	240,449
Taxes`450/3`	122,285	123,732	110,716	99,279	1,999	555	160	-	-	-	-	-	-	-	14,032	-	-	-
Remuneration and social security`454/9`	467,906	473,258	456,849	416,974	344,207	579,720	353,040	375,474	378,876	316,083	379,043	340,438	340,123	313,826	284,943	308,755	353,901	240,449
Other amounts payable`47/48`	83,967	69,562	1,120	-	33,139	-	-	-	-	23,240	-	-	-	-	-	-	448	34
Accrued charges and deferred income`492/3`	44,578	45,932	143,507	79,621	75,452	45,832	4,546	-	4,021	17,823	5,779	5,007	56,719	23	113,112	4,090	40,278	6,696
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	-	-	-	-	572	85	229	-	-
Gross operating margin`9900`	3.2m	3.7m	3.5m	3.4m	2.8m	3.1m	3.1m	2.9m	2.9m	3.0m	2.5m	2.8m	2.9m	2.8m	2.6m	2.6m	2.6m	2.4m
Remuneration, social security and pensions`62`	3.6m	3.6m	3.0m	2.9m	2.7m	3.0m	2.8m	2.7m	2.6m	2.5m	2.6m	2.4m	2.5m	2.4m	2.4m	2.4m	2.4m	2.3m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	55,553	56,323	49,094	47,498	106,811	110,022	118,391	92,468	90,406	79,158	78,134	78,345	77,774	83,596	22,701	34,601	37,347	24,999
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	234	234	812	983	1,218	289	662	134	294	1,228	552	6,605	1,450	1,153	2,169	1,549	-	1,285
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	-	-	3,271	-	-	-	-	-	-	4,237	2,235
Other operating charges`640/8`	57,324	95,104	38,355	29,839	30,547	25,548	28,151	27,311	24,604	23,824	24,950	20,872	20,380	45,195	57,604	74,790	46,844	71,317
Non-recurring operating charges`66A`	-	-	-	5,151	-	620	-	275	2,950	-	2,750	3,652	-	3,000	2,250	4,700	-	-
Operating profit (loss)`9901`	-519,937	55,379	264,340	420,716	-133,236	-54,754	105,841	29,065	152,606	370,749	-226,299	255,848	232,503	255,116	139,884	56,426	56,656	40,364
Financial income`75/76B`	9,004	16,338	13,233	117	62	40	296	1,171	1,449	-	2,355	6,510	3,726	4,586	7,248	8,736	-	-
Recurring financial income`75`	9,004	16,338	13,233	117	62	40	296	1,171	1,449	1,095	2,355	6,510	3,726	4,586	7,248	8,736	8,581	10,610
Financial charges`65/66B`	4,901	5,181	5,812	7,888	7,154	6,194	6,912	729	1,315	-	1,445	2,162	1,706	1,266	834	837	-	-
Recurring financial charges`65`	4,901	5,181	5,812	7,888	7,154	6,194	6,912	729	1,315	739	1,445	2,162	1,706	1,266	834	837	1,094	631
Profit (loss) for the period before taxes`9903`	-515,833	66,535	271,761	412,945	-140,327	-60,908	99,225	29,508	152,740	-	-225,389	260,195	234,523	258,436	146,298	64,325	-	-
Income taxes`67/77`	2,601	4,893	3,942	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period`9904`	-518,434	61,643	267,820	412,945	-140,327	-60,908	99,225	29,233	149,790	371,105	-228,139	256,543	234,523	256,008	144,133	59,854	59,763	49,562
Profit (loss) for the period to be appropriated`9905`	-518,434	61,643	267,820	412,945	-140,327	-60,908	99,225	29,233	149,790	371,105	-228,139	256,543	234,523	-	-	-	-	-
Appropriation of the result
Profit (loss) to be appropriated`9906`	-74,176	296,467	498,934	643,871	90,316	155,783	296,823	204,714	319,623	517,777	-96,626	389,055	341,385	-	-	-	-	-
Profit (loss) brought forward from the previous period`14P`	444,258	234,824	231,114	230,925	230,643	-	-	-	-	146,672	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	-	-	-	-	48,230	10,148	445,165	-	-	-	-	-	-	-
Withdrawal from contributions`791`	648,198	727,491	43,482	37,584	170,950	-	-	-	-	10,148	-	-	-	-	-	-	-	-
Addition to contributions`691`	129,765	579,700	307,592	450,341	30,341	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	42.5	41.1	36	34.8	34.1	38.3	38.9	38.3	37.1	37.2	38.4	39.9	40.6	40.3	41.8	46.2	46.6	42.9
Hours worked`1013`	34,919	36,059	30,437	26,224	12,818	18,966	45,247	45,148	42,662	-	45,079	44,505	49,101	58,642	61,417	69,806	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	23-04-2026	2026-00085510	PDF
31-12-2024	abbreviated format	17-04-2025	2025-00070976	PDF
31-12-2023	abbreviated format	23-04-2024	2024-00066561	PDF
31-12-2022	abbreviated format	18-04-2023	2023-00060569	PDF
31-12-2021	abbreviated format	08-05-2022	2022-20022621	PDF
31-12-2020	abbreviated format	15-04-2021	2021-10700123	PDF
31-12-2019	abbreviated format	25-03-2020	2020-07400084	PDF
31-12-2018	abbreviated format	25-03-2019	2019-07600528	PDF
31-12-2017	abbreviated format	28-03-2018	2018-07900293	PDF
31-12-2016	abbreviated format	26-04-2017	2017-09900283	PDF
31-12-2015	abbreviated format	04-04-2016	2016-08900003	PDF
31-12-2014	abbreviated format	03-06-2015	2015-14200251	PDF
31-12-2013	abbreviated format	29-07-2014	2014-36500055	PDF
31-12-2012	abbreviated format	28-08-2013	2013-49700495	PDF
31-12-2011	abbreviated format	11-05-2012	2012-11400435	PDF
31-12-2010	abbreviated format	13-05-2011	2011-11300512	PDF
31-12-2009	abbreviated format	07-04-2010	2010-08900176	PDF
31-12-2008	abbreviated format	27-03-2009	2009-08800336	PDF
31-12-2007	abbreviated format	19-03-2008	2008-07400157	PDF
31-12-2006	abbreviated format	21-03-2007	2007-07500156	PDF

Year	Entries	Awarded	Paid
2025	5	€4.0m	€4.0m
2024	7	€3.9m	€4.0m
2023	5	€3.7m	€3.6m
2022	5	€3.5m	€3.4m

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
EBITDA	-464,384	111,702	313,435	468,214	-26,424	55,268	224,232	121,533	243,011	449,907	-148,165	334,192	310,277	338,712	162,585	91,027	94,003	65,363
Cash flow	-462,880	117,965	316,914	460,443	-33,516	49,114	217,616	121,701	240,196	450,263	-150,005	334,888	312,297	339,604	166,834	94,454	97,110	74,561
Investment in fixed assets	3,318	115,250	13,211	5,616	7,123	6,000	481,552	20,804	67,982	8,946	14,683	6,124	5,908	875,638	4,682	6,320	51,210	54,159
Change in cash	-411,089	-181,411	554,874	508,058	-66,000	197,333	25,643	93,859	303,428	614,660	-108,446	336,379	335,614	-475,182	231,172	-36,638	214,616	-
Working capital	2.1m	2.6m	2.8m	2.4m	1.9m	1.9m	1.9m	1.7m	1.6m	-	1.0m	1.2m	882,441	519,356	1.1m	870,516	-	-
Solvency	65.7%	70.0%	67.6%	68.8%	66.8%	65.7%	71.0%	80.2%	79.9%	81.3%	76.5%	81.2%	76.1%	73.8%	69.6%	69.1%	64.4%	72.4%
Current ratio	3.76	4.50	5.40	4.84	4.81	3.92	5.10	4.64	4.35	-	3.18	3.89	3.09	2.13	4.30	3.18	-	-
Quick ratio	3.74	4.46	5.35	4.82	4.75	3.88	5.07	4.62	4.33	-	3.17	3.87	3.08	2.12	4.27	3.15	-	-
Debt to equity	0.46	0.38	0.39	0.41	0.45	0.49	0.38	0.23	0.23	0.22	0.30	0.23	0.31	0.35	0.43	0.44	0.55	0.38
ROE	-23.1%	2.2%	9.9%	16.9%	-6.9%	-2.8%	4.5%	1.4%	7.1%	19.1%	-14.5%	14.2%	15.1%	19.5%	13.6%	6.6%	7.0%	6.2%
ROA	-15.1%	1.6%	6.7%	11.7%	-4.6%	-1.8%	3.2%	1.1%	5.7%	15.5%	-11.1%	11.5%	11.5%	14.4%	9.5%	4.5%	4.5%	4.5%
Interest coverage	-94.76	21.56	53.93	59.36	-3.69	-	-	-	-	over 100	-	-	-	-	-	-	85.93	over 100

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	49	47	43	40	38
full-time	19	23	21	22	21
part-time	30	24	22	18	17
in full-time equivalents	42.6	42	38.5	35.7	34.1
Average over the year, in full-time equivalents	42.5	41.1	36	34.8	34.1
On a permanent contract	42	41	37	36	37
Joined	8	13	7	8	6
Left	6	10	4	6	11
Training hours	1,825	2,296	1,777	3,122	2,108

SENSOA

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency65.7%

Current ratio3.76

Return on assets-15.1%

Staff

Staff cost per FTE€85,350

Joined and left+2

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 22 entries, €15.1m awarded, €15.1m paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on SENSOA

Next steps

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	€247,780	€275,890	€303,603	€330,926	€357,864
Mortgage mandates	€473,000	€473,000	€473,000	€473,000	€473,000

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€3,306	€115,240	€13,210	€5,614	€7,123
Financial fixed assets	€12	€9	€1	€1	-
Depreciation and write-downs of the year	€55,553	€56,323	€49,094	€47,498	€106,811