SOEN DAVID (0889.378.944): financials and annual accounts

SOEN DAVID

Ypres ·KBO/BCE: BE 0889.378.944

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`	858,379	1.0m	758,268	912,507	854,634	903,132	885,201	843,972	933,814	841,030	803,780	936,471	862,606	681,406	705,589	340,991	144,767	123,252
Fixed assets`21/28`	311,805	280,179	309,952	335,177	326,857	320,884	299,542	310,690	317,047	320,952	328,261	362,589	377,684	380,946	391,782	50,006	43,115	33,380
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	193	523	853	1,183
Tangible fixed assets`22/27`	288,917	256,211	287,218	314,443	310,630	307,522	285,899	303,677	313,610	320,952	328,261	362,589	377,684	380,946	391,589	48,574	41,363	32,197
Land and buildings`22`	206,475	220,650	234,825	249,000	263,175	277,350	252,525	262,800	273,075	283,350	293,625	308,412	323,199	337,986	352,773	-	-	-
Plant, machinery and equipment`23`	2,457	5,166	8,535	9,540	9,822	13,329	5,188	1,563	1,375	3,423	4,645	9,341	10,883	10,479	10,916	4,771	2,896	3,528
Furniture and vehicles`24`	79,985	30,395	43,859	55,903	37,634	16,844	28,186	39,314	39,160	34,179	29,991	44,836	43,603	32,481	27,901	43,803	38,467	28,669
Financial fixed assets`28`	22,888	23,968	22,733	20,734	16,227	13,362	13,643	7,013	3,437	-	-	-	-	-	-	910	900	-
Current assets`29/58`	546,574	747,899	448,316	577,330	527,777	582,249	585,659	533,282	616,767	520,077	475,518	573,883	484,922	300,460	313,807	290,984	101,652	89,872
Stocks and contracts in progress`3`	125,843	181,363	240,659	246,178	198,399	174,671	175,427	152,679	173,678	277,232	110,437	95,521	46,169	84,902	34,217	23,551	22,648	-
Stocks`30/36`	82,843	112,363	144,159	148,178	121,399	120,671	102,725	99,179	83,678	117,550	82,937	53,721	46,169	59,902	34,217	23,551	13,562	-
Contracts in progress`37`	43,000	69,000	96,500	98,000	77,000	54,000	72,702	53,500	90,000	159,681	27,500	41,800	-	25,000	-	-	9,086	-
Amounts receivable within one year`40/41`	291,197	277,664	127,528	225,281	254,127	285,464	291,808	297,754	379,557	219,677	303,096	401,085	385,648	158,519	192,160	168,494	58,823	58,682
Trade receivables`40`	236,315	201,304	94,429	184,242	211,525	239,282	245,862	256,765	323,408	192,330	249,106	335,184	317,566	120,679	151,788	144,984	45,112	45,888
Other amounts receivable`41`	54,881	76,360	33,100	41,039	42,602	46,182	45,946	40,989	56,148	27,346	53,989	65,901	68,082	37,840	40,372	23,510	13,711	12,794
Cash at bank and in hand`54/58`	111,895	273,572	62,255	79,794	58,346	108,827	101,881	68,793	51,903	6,930	48,481	46,986	41,789	48,186	80,599	94,825	17,770	29,367
Deferred charges and accrued income`490/1`	17,639	15,300	17,873	26,076	16,905	13,287	16,544	14,056	11,630	16,239	13,504	30,291	11,316	8,853	6,830	4,115	2,411	1,824
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	858,379	1.0m	758,268	912,507	854,634	903,132	885,201	843,972	933,814	841,030	803,780	936,471	862,606	681,406	705,589	340,991	144,767	123,252
Equity`10/15`	539,556	353,196	448,643	444,816	412,072	386,571	334,418	568,439	530,766	505,847	468,877	440,689	410,179	338,759	308,381	217,665	129,297	98,564
Contributions`10/11`	25,000	25,000	25,000	25,000	25,000	25,000	25,000	305,125	305,125	305,125	305,125	305,125	25,000	25,000	25,000	25,000	25,000	25,000
Issued capital`100`	-	-	-	-	-	-	25,000	305,125	305,125	305,125	305,125	305,125	25,000	25,000	25,000	25,000	25,000	25,000
Reserves`13`	514,556	328,196	423,643	419,816	387,072	361,571	309,418	263,314	225,641	200,722	163,752	135,564	385,179	313,759	283,381	192,665	104,297	73,564
Non-distributable reserves`130/1`	-	-	2,500	2,500	2,500	2,500	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	30,513	30,513	30,513	30,513	30,513	30,513	2,500	2,500	2,500	2,500	2,500	2,500
Reserves not available under the articles`1311`	-	-	2,500	2,500	2,500	2,500	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	514,556	328,196	421,143	417,316	384,572	359,071	278,905	232,801	195,128	170,209	133,240	105,052	382,679	311,259	280,881	190,165	101,797	71,064
Amounts payable`17/49`	318,824	674,882	309,624	467,690	442,562	516,561	550,784	275,533	403,048	335,183	334,903	495,782	452,427	342,647	397,207	123,325	15,470	24,688
Amounts payable after more than one year`17`	44,130	21,374	61,704	106,347	123,287	140,222	135,718	165,491	189,704	207,683	224,851	252,005	264,854	283,768	307,677	13,283	-	-
Financial debts`170/4`	44,130	21,374	61,704	106,347	123,287	140,222	135,718	165,491	189,704	207,683	224,851	252,005	264,854	283,768	307,677	13,283	-	-
Amounts payable within one year`42/48`	274,694	653,147	247,468	361,344	319,275	376,339	415,065	110,042	213,344	127,500	110,051	231,484	175,971	51,992	81,718	102,836	9,302	23,219
Current portion of amounts payable after more than one year`42`	26,288	40,330	44,643	46,036	39,234	30,504	29,773	36,811	37,979	33,169	27,154	29,822	18,914	23,909	25,104	7,590	-	-
Trade debts`44`	122,663	221,552	31,378	117,008	56,986	90,164	111,495	51,200	147,041	77,740	70,068	198,461	153,857	24,883	50,628	56,048	4,593	10,791
Suppliers`440/4`	122,663	221,552	31,378	117,008	56,986	90,164	111,495	51,200	147,041	77,740	70,068	198,461	153,857	24,883	50,628	56,048	4,593	10,791
Advances received on contracts in progress`46`	-	300	-	-	-	-	-	-	-	-	-	-	-	-	-	37,378	-	-
Taxes, remuneration and social security`45`	15,683	40,542	16,608	16,074	13,140	18,980	13,331	22,032	28,324	16,592	12,829	-	-	-	2,787	1,063	-	4,269
Taxes`450/3`	5,858	26,436	-	-	-	1,386	-	10,233	13,782	5,221	-	-	-	-	2,787	1,063	-	4,269
Remuneration and social security`454/9`	9,825	14,106	16,608	16,074	13,140	17,594	13,331	11,798	14,543	11,371	12,829	-	-	-	-	-	-	-
Other amounts payable`47/48`	110,060	350,424	154,839	182,226	209,916	236,690	260,467	-	-	-	-	3,200	3,200	3,200	3,200	757	4,709	8,160
Accrued charges and deferred income`492/3`	-	360	453	-	-	-	-	-	-	-	-	12,293	11,602	6,887	7,812	7,207	6,168	1,469
Income statement
Turnover`70`	-	-	-	-	-	1.7m	-	-	-	-	-	-	-	-	-	-	-	-
Gross operating margin`9900`	559,525	607,928	467,600	433,266	444,710	461,707	442,581	475,360	426,606	466,207	488,665	478,720	418,611	333,474	424,478	297,645	133,970	182,586
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	1.2m	-	-	-	-	-	-	-	-	-	-	-	-
Remuneration, social security and pensions`62`	252,959	356,263	386,222	321,054	350,167	335,628	320,143	360,062	316,699	340,206	371,973	296,665	239,263	220,339	205,478	137,999	73,249	49,437
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	31,755	31,100	32,729	30,902	30,693	31,165	26,910	30,357	33,165	34,683	36,134	42,792	42,880	38,819	37,350	21,936	15,551	18,095
Other operating charges`640/8`	4,524	7,025	2,583	4,530	3,367	4,308	4,096	3,967	5,334	2,332	4,062	3,902	4,393	3,329	3,117	1,914	1,285	1,948
Non-recurring operating charges`66A`	-	1,022	-	-	-	-	-	-	-	-	-	-	-	176	15,314	39	-	-
Operating profit (loss)`9901`	270,288	212,517	46,065	76,780	60,483	90,606	91,432	80,974	71,408	88,986	76,497	135,361	132,075	70,987	178,532	135,796	43,886	113,106
Financial income`75/76B`	16,554	15,226	26,509	17,072	14,602	16,653	5,934	13,181	5,374	4,037	123	188	525	152	974	4,460	3,511	2,335
Recurring financial income`75`	16,554	15,226	26,509	17,072	14,602	16,653	5,934	13,181	5,374	4,037	123	188	525	152	974	4,460	3,511	2,335
Financial charges`65/66B`	19,625	43,871	63,733	50,080	41,348	37,220	33,078	36,249	31,917	28,690	38,782	46,709	30,757	27,854	29,990	12,785	5,648	7,609
Recurring financial charges`65`	19,625	43,871	63,733	50,080	41,348	37,220	33,078	36,249	31,917	28,690	38,782	46,709	30,757	27,854	29,990	12,785	5,648	7,609
Profit (loss) for the period before taxes`9903`	267,218	183,871	8,842	43,772	33,737	70,040	64,287	57,906	44,865	64,333	37,837	88,840	101,843	43,109	134,202	127,432	41,748	107,833
Income taxes`67/77`	80,858	56,186	5,015	11,028	8,236	17,886	18,183	20,233	19,945	27,363	9,649	24,005	27,223	9,531	40,287	39,063	11,015	34,269
Profit (loss) for the period`9904`	186,360	127,685	3,827	32,744	25,501	52,154	46,104	37,673	24,919	36,970	28,188	64,835	74,620	33,577	93,916	88,369	30,733	73,564
Profit (loss) for the period to be appropriated`9905`	186,360	127,685	3,827	32,744	25,501	52,154	46,104	37,673	24,919	36,970	28,188	64,835	74,620	33,577	93,916	88,369	30,733	73,564
Appropriation of the result
Profit (loss) to be appropriated`9906`	186,360	127,685	3,827	32,744	25,501	52,154	46,104	37,673	24,919	36,970	28,188	64,835	74,620	33,577	93,916	88,369	30,733	73,564
Transfer from equity`791/2`	-	223,132	-	-	-	-	-	-	-	-	-	311,250	-	-	-	-	-	-
Transfer to equity`691/2`	186,360	127,685	3,827	32,744	25,501	52,154	46,104	37,673	24,919	36,970	28,188	61,635	71,420	30,377	90,716	88,369	30,733	73,564
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	28,013	-	-	-	-	-	2,500
To other reserves`6921`	186,360	127,685	3,827	32,744	25,501	52,154	46,104	37,673	24,919	36,970	28,188	33,623	71,420	30,377	90,716	88,369	30,733	71,064
Profit to be distributed`694/7`	-	223,132	-	-	-	-	-	-	-	-	-	314,450	3,200	3,200	3,200	-	-	-
Return on contributions (dividend)`694`	-	223,132	-	-	-	-	-	-	-	-	-	314,450	3,200	3,200	3,200	-	-	-
Social balance sheet
Average staff (FTE)`9087`	3.8	5.9	7.3	6.5	6.6	6.4	6	6.9	6.3	6.9	7.5	6.6	5	4.9	4.8	3.3	1.6	0.8
Hours worked`1013`	6,739	9,929	11,609	10,281	11,955	11,215	10,329	11,731	10,562	11,847	13,406	10,966	9,340	8,880	9,186	6,408	3,345	2,403
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Financial year	Type	Filed	Reference	Document
30-09-2025	abbreviated format	02-03-2026	2026-00048806	PDF
30-09-2024	abbreviated format	26-02-2025	2025-00040560	PDF
30-09-2023	abbreviated format	07-03-2024	2024-00041149	PDF
30-09-2022	abbreviated format	01-03-2023	2023-00034703	PDF
30-09-2021	abbreviated format	28-02-2022	2022-06700314	PDF
30-09-2020	abbreviated format	04-03-2021	2021-07100094	PDF
30-09-2019	abbreviated format	05-03-2020	2020-06400019	PDF
30-09-2018	abbreviated format	27-02-2019	2019-06100182	PDF
30-09-2017	abbreviated format	02-03-2018	2018-06200238	PDF
30-09-2016	abbreviated format	08-03-2017	2017-06000425	PDF
30-09-2015	abbreviated format	04-03-2016	2016-05800199	PDF
30-09-2014	abbreviated format	09-03-2015	2015-05900064	PDF
30-09-2013	abbreviated format	26-02-2014	2014-05100175	PDF
30-09-2012	abbreviated format	26-02-2013	2013-04800512	PDF
30-09-2011	abbreviated format	05-03-2012	2012-05500293	PDF
30-09-2010	abbreviated format	01-03-2011	2011-05000219	PDF
30-09-2009	abbreviated format	23-02-2010	2010-05100279	PDF
30-09-2008	abbreviated format	27-02-2009	2009-06300311	PDF

Year	Entries	Awarded	Paid
2024	1	€555	€672
2023	2	€655	€538
2022	1	€333	€333

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
EBITDA	302,042	243,618	78,794	107,682	91,176	121,771	118,342	111,331	104,573	123,669	112,630	178,153	174,955	109,806	215,882	157,732	59,437	131,201
Cash flow	218,114	158,786	36,556	63,646	56,193	83,319	73,014	68,030	58,084	71,653	64,322	107,627	117,500	72,396	131,265	110,305	46,283	91,659
Investment in fixed assets	64,460	8,961	11,210	39,221	36,666	52,789	15,763	24,000	29,260	27,374	1,807	27,696	39,618	28,159	380,035	28,856	25,286	51,475
Change in cash	-161,677	211,317	-17,539	21,448	-50,481	6,947	33,087	16,891	44,972	-41,551	1,495	5,197	-6,397	-32,413	-14,226	77,055	-11,597	-
Working capital	271,880	94,752	200,848	215,986	208,502	205,910	170,594	423,240	403,423	392,577	365,467	342,399	308,951	248,468	232,088	188,148	92,350	66,653
EBIT margin	-	-	-	-	-	5.4%	-	-	-	-	-	-	-	-	-	-	-	-
Solvency	62.9%	34.4%	59.2%	48.7%	48.2%	42.8%	37.8%	67.4%	56.8%	60.1%	58.3%	47.1%	47.6%	49.7%	43.7%	63.8%	89.3%	80.0%
Current ratio	1.99	1.15	1.81	1.60	1.65	1.55	1.41	4.85	2.89	4.08	4.32	2.48	2.76	5.78	3.84	2.83	10.93	3.87
Quick ratio	1.53	0.87	0.84	0.92	1.03	1.08	0.99	3.46	2.08	1.90	3.32	2.07	2.49	4.15	3.42	2.60	8.49	3.87
Debt to equity	0.59	1.91	0.69	1.05	1.07	1.34	1.65	0.48	0.76	0.66	0.71	1.13	1.10	1.01	1.29	0.57	0.12	0.25
ROE	34.5%	36.2%	0.9%	7.4%	6.2%	13.5%	13.8%	6.6%	4.7%	7.3%	6.0%	14.7%	18.2%	9.9%	30.5%	40.6%	23.8%	74.6%
ROA	21.7%	12.4%	0.5%	3.6%	3.0%	5.8%	5.2%	4.5%	2.7%	4.4%	3.5%	6.9%	8.7%	4.9%	13.3%	25.9%	21.2%	59.7%
Interest coverage	15.39	5.55	1.24	2.15	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	52 days	-	-	-	-	-	-	-	-	-	-	-	-
Supplier credit	-	-	-	-	-	27 days	-	-	-	-	-	-	-	-	-	-	-	-

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022
Employees at the balance-sheet date	3	5	6	7
full-time	3	5	6	7
in full-time equivalents	3	5	6	7
Average over the year, in full-time equivalents	3.8	5.9	7.3	6.5
On a permanent contract	3	4	6	7
Joined	4	5	6	5
Left	5	6	7	4

SOEN DAVID

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency62.9%

Current ratio1.99

Return on assets21.7%

Staff

Staff cost per FTE€66,568

Joined and left-1

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2024, 4 entries, €1,543 awarded, €1,543 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on SOEN DAVID

Next steps

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022
Tangible fixed assets	€64,460	€1,115	€5,504	€34,715
Financial fixed assets	-	€7,846	€5,705	€4,507
Depreciation and write-downs of the year	€31,755	€31,100	€32,729	€30,902