SHAFA (0479.728.049): financials and annual accounts

SHAFA

Molenbeek-Saint-Jean ·KBO/BCE: BE 0479.728.049

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`	859,558	862,781	456,026	456,026	489,571	507,260	313,771	295,488	184,223	191,393	187,790	189,360	214,432	235,910	247,838	258,876	280,605	294,898	317,966	341,080
Fixed assets`21/28`	818,887	783,034	435,496	435,496	457,827	390,840	252,964	265,962	137,447	157,958	165,995	173,288	182,710	207,828	235,580	242,963	264,197	289,341	314,485	339,629
Tangible fixed assets`22/27`	818,887	783,034	435,496	435,496	457,827	390,840	252,964	265,962	137,447	157,958	165,995	173,288	182,710	207,828	235,580	242,963	264,197	289,341	314,485	339,629
Land and buildings`22`	818,887	783,034	435,496	435,496	457,827	390,840	252,150	264,741	135,819	157,958	165,995	173,288	181,251	189,215	197,178	185,358	186,999	192,549	198,100	203,650
Plant, machinery and equipment`23`	-	-	-	-	-	0	814	1,221	1,628	-	-	-	1,459	18,418	38,012	57,605	77,198	96,792	116,385	135,979
Furniture and vehicles`24`	-	-	-	-	-	-	-	-	0	-	-	-	-	195	390	-	-	-	-	-
Current assets`29/58`	40,671	79,747	20,531	20,531	31,744	116,421	60,807	29,525	46,776	33,435	21,795	16,071	31,722	28,082	12,259	15,914	16,408	5,557	3,481	1,452
Amounts receivable after more than one year`29`	-	-	-	-	-	-	-	-	15,262	-	-	-	-	-	-	-	-	-	-	-
Trade receivables`290`	-	-	-	-	-	-	-	-	15,262	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	15,000	21,491	3,497	3,497	14,507	20,274	8,354	7,360	-	7,597	-	-	-	-	-	1,050	1,050	2,549	-	7
Trade receivables`40`	-	6,315	3,497	3,497	2,507	3,746	5,757	6,507	-	7,597	-	-	-	-	-	1,050	1,050	1,406	-	-
Other amounts receivable`41`	15,000	15,176	-	-	12,000	16,528	2,596	853	-	-	-	-	-	-	-	-	-	1,142	-	7
Current investments`50/53`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,337	-
Cash at bank and in hand`54/58`	22,838	53,376	13,079	13,079	12,474	93,566	49,482	20,674	29,536	20,020	21,795	16,071	31,450	28,082	12,043	14,668	15,128	2,782	144	1,444
Deferred charges and accrued income`490/1`	2,833	4,880	3,954	3,954	4,763	2,581	2,972	1,491	1,978	5,819	-	-	272	-	215	196	230	226	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	859,558	862,781	456,026	456,026	489,571	507,260	313,771	295,488	184,223	191,393	187,790	189,360	214,432	235,910	247,838	258,876	280,605	294,898	317,966	341,080
Equity`10/15`	238,536	196,326	156,985	156,985	114,459	80,945	98,410	47,921	-57,598	-72,404	-100,426	-120,624	-134,644	-134,268	-142,855	-135,401	-130,831	-135,857	-128,600	-117,267
Contributions`10/11`	13,600	13,600	13,600	13,600	13,600	13,600	101,200	101,200	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`	-	-	-	-	-	-	113,600	113,600	18,600	18,600	18,600	18,600	18,600	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	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Reserves`13`	124,826	82,626	42,527	42,527	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	124,826	82,626	42,527	42,527	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	100,110	100,100	100,859	100,859	100,859	67,345	-2,790	-53,279	-63,798	-78,604	-106,626	-126,824	-140,844	-140,468	-149,055	-141,601	-137,031	-142,057	-134,800	-123,467
Amounts payable`17/49`	621,023	666,455	299,041	299,041	375,112	426,316	215,361	247,567	241,821	263,797	288,216	309,983	349,077	370,177	390,693	394,277	411,436	430,755	446,565	458,347
Amounts payable after more than one year`17`	81,683	101,830	141,290	141,290	173,165	221,318	69,357	95,721	123,749	151,352	181,211	226,089	229,594	252,146	273,582	290,911	308,012	327,457	344,268	360,175
Financial debts`170/4`	81,683	101,830	141,290	141,290	173,165	221,318	69,357	95,721	123,749	151,352	181,211	226,089	229,594	252,146	273,582	290,911	308,012	327,457	344,268	360,175
Amounts payable within one year`42/48`	107,835	110,570	125,880	125,880	169,924	143,046	142,966	147,742	117,447	109,879	107,005	83,894	119,483	118,031	117,111	103,366	103,424	103,298	102,297	98,172
Current portion of amounts payable after more than one year`42`	25,192	26,605	35,954	35,954	52,089	50,286	28,503	28,028	29,541	26,241	24,664	3,123	22,168	20,975	19,846	21,440	19,445	16,811	15,907	15,051
Financial debts`43`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,664	2,666	2,669	-
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,664	2,666	2,669	-
Trade debts`44`	2,682	6,341	5,941	5,941	1,058	2,108	543	1,851	2,509	4,251	2,954	3,716	747	488	697	666	307	-	658	-
Suppliers`440/4`	2,682	6,341	5,941	5,941	1,058	2,108	543	1,851	2,509	4,251	2,954	3,716	747	488	697	666	307	-	658	-
Taxes, remuneration and social security`45`	11,788	4,688	17,546	17,546	12,992	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes`450/3`	11,788	4,688	17,546	17,546	12,992	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts payable`47/48`	68,173	72,936	66,439	66,439	103,785	90,653	113,921	117,862	85,397	79,387	79,387	77,056	96,568	96,568	96,568	81,259	81,007	83,820	83,064	83,121
Accrued charges and deferred income`492/3`	431,505	454,054	31,871	31,871	32,022	61,952	3,038	4,104	625	2,566	-	-	-	-	-	-	-	-	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48,605	47,920	59,628	49,620	48,712	-
Gross operating margin`9900`	119,708	89,734	-	94,728	78,079	115,395	75,025	52,626	35,348	48,738	42,655	38,621	41,083	53,690	39,745	41,732	52,056	40,539	37,182	40,713
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,017	11,210	7,572	9,081	11,530	6,144
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	38,112	79,549	-	22,331	20,286	11,734	12,998	30,466	8,185	8,038	8,038	9,422	25,118	27,752	27,752	25,578	25,144	25,144	25,143	25,143
Other operating charges`640/8`	13,829	8,140	-	4,958	5,406	4,218	4,081	3,605	3,668	3,699	3,050	3,023	2,980	2,910	2,825	2,789	2,981	2,824	2,663	3,008
Operating profit (loss)`9901`	67,767	2,045	-	67,439	52,387	99,443	57,946	18,555	23,495	37,001	31,567	26,176	12,985	23,028	9,168	13,365	23,931	12,571	9,376	12,562
Financial income`75/76B`	-	-	-	-	-	-	-	-	-	3	10	30	26	7	13	10	3	3	4	-
Recurring financial income`75`	-	-	-	-	-	-	-	-	-	3	10	30	26	7	13	10	3	3	4	-
Financial charges`65/66B`	5,663	2,803	-	5,067	6,674	6,224	7,456	8,037	8,689	8,984	11,378	12,178	13,382	14,446	16,633	17,943	18,908	19,830	20,714	21,405
Recurring financial charges`65`	5,663	2,803	-	5,067	6,674	6,224	7,456	8,037	8,689	8,984	11,378	12,178	13,382	14,446	16,633	17,943	18,908	19,830	20,714	21,405
Profit (loss) for the period before taxes`9903`	62,103	-758	-	62,372	45,714	93,219	50,490	10,518	14,806	28,021	20,200	14,028	-370	8,588	-7,452	-4,568	5,026	-7,257	-11,333	-8,843
Income taxes`67/77`	19,894	-	-	19,846	12,200	23,085	-	-	-	-2	3	8	6	1	2	2	0	-	-	617
Profit (loss) for the period`9904`	42,210	-758	-	42,527	33,514	70,134	50,490	10,518	14,806	28,022	20,197	14,021	-377	8,587	-7,454	-4,570	5,026	-7,257	-11,333	-9,460
Profit (loss) for the period to be appropriated`9905`	42,210	-758	-	42,527	33,514	70,134	50,490	10,518	14,806	28,022	20,197	14,021	-377	8,587	-7,454	-4,570	5,026	-7,257	-11,333	-9,460
Appropriation of the result
Profit (loss) to be appropriated`9906`	142,310	100,100	100,859	143,385	100,859	67,345	-2,790	-53,279	-63,798	-78,604	-106,626	-126,824	-140,844	-140,468	-149,055	-141,601	-137,031	-142,057	-134,800	-123,467
Profit (loss) brought forward from the previous period`14P`	100,100	100,859	100,859	100,859	67,345	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	42,200	-	-	42,527	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
To other reserves`6921`	42,200	-	-	42,527	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	31-08-2026	2026-00487074	PDF
31-12-2024	micro format	31-08-2025	2025-00456853	PDF
31-12-2023	micro format	02-12-2024	2024-00611926	PDF
31-12-2022	micro format	25-08-2023	2023-00370398	PDF
31-12-2021	micro format	28-07-2022	2022-20274814	PDF
31-12-2020	micro format	31-08-2021	2021-64500477	PDF
31-12-2019	micro format	31-08-2020	2020-49700394	PDF
31-12-2018	micro format	30-08-2019	2019-61300065	PDF
31-12-2017	micro format	23-08-2018	2018-51800588	PDF
31-12-2016	full format	29-09-2017	2017-65300004	PDF
31-12-2015	full format	31-08-2016	2016-56900363	PDF
31-12-2014	full format	27-08-2015	2015-51400062	PDF
31-12-2013	full format	29-08-2014	2014-56400190	PDF
31-12-2012	full format	31-08-2013	2013-55900017	PDF
31-12-2011	full format	31-08-2012	2012-54400305	PDF
31-12-2010	full format	30-08-2011	2011-53200080	PDF
31-12-2009	full format	30-08-2010	2010-48700503	PDF
31-12-2008	full format	29-08-2009	2009-73800319	PDF
31-12-2007	full format	28-08-2008	2008-64700044	PDF
31-12-2006	full format	27-08-2007	2007-61900104	PDF
31-12-2005	full format	04-07-2006	2006-38604623	PDF
31-12-2004	full format	09-08-2005	2005-63304585	PDF
31-12-2003	full format	27-01-2005	2005-03101480	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	105,879	81,594	-	89,770	72,673	111,177	70,944	49,021	31,680	45,039	39,605	35,598	38,103	50,780	36,919	38,943	49,075	37,715	34,520	37,705
Cash flow	80,322	78,791	-	64,858	53,800	81,868	63,488	40,984	22,991	36,060	28,235	23,443	24,741	36,339	20,298	21,009	30,170	17,887	13,810	15,684
Investment in fixed assets (approximation)	73,966	449,418	-	0	87,273	271,897	0	158,981	6,488	0	745	0	0	0	20,369	4,344	0	0	0	-
Change in cash	-30,538	40,298	0	605	-81,092	44,085	28,807	-8,862	9,516	-1,775	5,723	-15,379	3,369	16,038	-2,624	-460	12,346	2,638	-1,300	-
Working capital	-67,164	-30,823	-105,350	-105,350	-138,181	-26,625	-82,159	-118,217	-70,670	-76,444	-85,211	-67,823	-87,761	-89,949	-104,853	-87,452	-87,016	-97,741	-98,817	-96,720
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18.9%	27.9%	40.1%	25.3%	19.2%	-
Solvency	27.8%	22.8%	34.4%	34.4%	23.4%	16.0%	31.4%	16.2%	-31.3%	-37.8%	-53.5%	-63.7%	-62.8%	-56.9%	-57.6%	-52.3%	-46.6%	-46.1%	-40.4%	-34.4%
Current ratio	0.38	0.72	0.16	0.16	0.19	0.81	0.43	0.20	0.40	0.30	0.20	0.19	0.27	0.24	0.10	0.15	0.16	0.05	0.03	0.01
Debt to equity	2.60	3.39	1.90	1.90	3.28	5.27	2.19	5.17	-	-	-	-	-	-	-	-	-	-	-	-
ROE	17.7%	-0.4%	-	27.1%	29.3%	86.6%	51.3%	21.9%	-	-	-	-	-	-	-	-	-	-	-	-
ROA	4.9%	-0.1%	-	9.3%	6.8%	13.8%	16.1%	3.6%	8.0%	14.6%	10.8%	7.4%	-0.2%	3.6%	-3.0%	-1.8%	1.8%	-2.5%	-3.6%	-2.8%
Interest coverage	18.70	29.11	-	17.72	10.89	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8 days	6 days	10 days	-	-
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28 days	22 days	15 days	-	21 days	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€73,966	€449,418	-	-	€87,273
Depreciation and write-downs of the year	€38,112	€79,549	-	€22,331	€20,286

SHAFA

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency27.8%

Current ratio0.38

Return on assets4.9%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on SHAFA

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