SQUIT (0871.110.379): financials and annual accounts

SQUIT

Kortrijk ·KBO/BCE: BE 0871.110.379

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`	107,369	123,188	122,190	112,399	107,349	89,690	66,732	55,759	25,368	32,155	91,885	72,483	62,070	57,094	83,395	98,808	113,027	93,798	113,865	125,231
Fixed assets`21/28`	2,154	3,034	4,022	2,741	3,303	5,072	5,293	1,549	9,368	18,922	28,475	38,257	22,341	44,519	67,441	89,225	111,920	85,974	105,089	124,234
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	-	-	-	13,000	26,000	39,000	52,000	65,000	78,000	91,000	104,000
Tangible fixed assets`22/27`	2,154	3,034	4,022	2,741	3,303	5,072	5,293	1,549	9,368	18,922	28,475	38,257	9,341	18,519	28,441	37,225	46,920	7,974	14,089	20,234
Land and buildings`22`	1,725	1,965	2,205	896	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Furniture and vehicles`24`	429	1,069	1,817	1,845	3,303	5,072	5,293	1,549	9,368	18,922	28,475	38,257	9,099	18,034	27,714	36,256	45,708	6,520	12,392	18,295
Other tangible fixed assets`26`	-	-	-	-	-	-	-	-	-	-	-	-	242	485	727	970	1,212	1,454	1,697	1,939
Current assets`29/58`	105,215	120,154	118,168	109,658	104,046	84,618	61,439	54,209	16,000	13,233	63,409	34,226	39,728	12,575	15,953	9,583	1,107	7,824	8,777	996
Stocks and contracts in progress`3`	297	656	176	423	777	1,270	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stocks`30/36`	297	656	176	423	777	1,270	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	29,933	15,783	13,846	14,162	25,505	19,097	15,382	11,701	-	-	-	7,764	-	-	-	5	5	-	-	-
Trade receivables`40`	7,406	12,445	11,725	6,782	23,042	19,097	13,193	10,787	-	-	-	7,764	-	-	-	-	-	-	-	-
Other amounts receivable`41`	22,527	3,338	2,121	7,381	2,462	-	2,189	914	-	-	-	-	-	-	-	5	5	-	-	-
Current investments`50/53`	37,289	44,225	-	-	-	-	-	-	9,178	12,678	61,658	25,998	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	37,696	59,489	104,146	95,073	77,764	64,252	46,057	42,508	6,822	555	1,751	465	39,728	7,575	10,953	4,578	1,102	7,824	8,777	996
Deferred charges and accrued income`490/1`	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	5,000	5,000	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	107,369	123,188	122,190	112,399	107,349	89,690	66,732	55,759	25,368	32,155	91,885	72,483	62,070	57,094	83,395	98,808	113,027	93,798	113,865	125,231
Equity`10/15`	106,177	115,810	119,856	108,769	97,991	79,625	57,930	36,761	20,524	17,694	17,358	12,735	15,627	11,664	12,776	11,341	15,540	16,519	16,722	16,548
Contributions`10/11`	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	12,400	12,400	12,400	12,400	12,400	12,400
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Reserves`13`	92,387	102,021	106,067	94,979	84,201	65,835	44,140	22,972	6,734	3,934	3,934	3,934	3,934	3,934	3,934	3,934	3,934	3,934	3,934	3,934
Non-distributable reserves`130/1`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	2,074	2,074	2,074	2,074	2,074	2,074	2,074	2,074	2,074	2,074	2,074	2,074	2,074	2,074	2,074	2,074	2,074	2,074	2,074	2,074
Distributable reserves`133`	90,313	99,946	103,992	91,045	80,267	61,901	40,206	19,038	2,800	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	1,389	1,389	1,389	1,389	1,389	1,389	1,389	1,389	1,389	1,360	1,024	-3,599	-707	-4,670	-3,558	-4,993	-794	185	388	214
Amounts payable`17/49`	1,192	7,378	2,334	3,630	9,359	10,065	8,803	18,998	4,845	14,460	74,527	59,748	46,443	45,430	70,618	87,466	97,487	77,280	97,143	108,682
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	-	-	1,384	6,827	-	465	5,908	11,110	16,081	3,000	15,000	28,177
Financial debts`170/4`	-	-	-	-	-	-	-	-	-	-	1,384	6,827	-	465	5,908	11,110	16,081	3,000	15,000	28,177
Amounts payable within one year`42/48`	1,192	7,378	2,334	3,630	9,359	10,065	8,803	18,998	4,845	14,460	73,143	52,921	46,443	44,966	64,710	76,356	81,406	74,280	82,143	80,505
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	-	1,384	5,443	5,296	465	5,443	5,202	4,971	7,750	12,000	13,177	18,896
Financial debts`43`	-	-	-	-	-	-	-	54	-	-	-	-	-	-	-	-	-	-	-	-
Credit institutions`430/8`	-	-	-	-	-	-	-	54	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	456	1,452	495	2,112	1,630	4,100	795	1,301	344	941	159	120	234	155	58	77	1,722	29	748	269
Suppliers`440/4`	456	1,452	495	2,112	1,630	4,100	795	1,301	344	941	159	120	234	155	58	77	1,722	29	748	269
Advances received on contracts in progress`46`	-	4,247	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	736	1,420	1,508	1,508	1,508	5,818	6,357	14,412	3,055	5,563	4,338	4,519	3,860	3,638	4,094	3,000	1,083	2,447	1,364	2,999
Taxes`450/3`	598	1,420	1,508	1,508	1,508	5,818	6,357	14,412	3,055	3,978	2,753	4,519	3,860	2,053	1,994	-	1,083	2,447	1,364	2,999
Remuneration and social security`454/9`	138	-	-	-	-	-	-	-	-	1,585	1,585	-	-	1,585	2,100	3,000	-	-	-	-
Other amounts payable`47/48`	-	259	331	10	6,220	147	1,651	3,231	1,445	6,573	63,202	42,987	41,884	35,730	55,357	68,308	70,851	59,804	66,854	58,342
Income statement
Non-recurring operating income`76A`	0	-	-	-	-	-	-	-	-	-	11,236	-	-	-	-	-	7,420	-	-	-
Gross operating margin`9900`	20,473	24,902	20,944	19,405	30,034	35,229	36,202	30,879	10,321	14,085	24,700	23,490	31,668	24,803	28,314	20,752	10,949	21,842	23,239	25,432
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	880	988	2,045	1,882	1,768	1,740	1,683	1,607	9,554	9,554	9,782	23,160	23,108	22,922	22,922	22,694	15,556	19,114	19,146	19,271
Other operating charges`640/8`	593	691	795	517	166	511	509	851	1,295	1,448	1,375	2,126	1,268	1,242	1,334	1,326	2,412	902	1,036	953
Operating profit (loss)`9901`	19,000	23,222	18,104	17,006	28,100	32,978	34,010	28,421	-528	3,084	13,544	-1,796	7,292	638	4,058	-3,269	-7,020	1,826	3,057	5,208
Financial income`75/76B`	76	68	0	7	0	0	1	19	6,500	160	281	74	30	-	43	16	31	25	74	59
Recurring financial income`75`	76	68	0	7	0	0	1	19	0	160	281	74	30	-	43	16	31	25	74	59
Non-recurring financial income`76B`	-	-	-	-	-	-	-	-	6,500	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	73	64	115	64	97	45	41	42	75	1,413	315	495	192	398	665	943	1,411	967	1,691	2,490
Recurring financial charges`65`	73	64	115	64	97	45	41	42	75	1,413	315	495	192	398	665	943	1,411	967	1,691	2,490
Profit (loss) for the period before taxes`9903`	19,003	23,227	17,989	16,950	28,003	32,933	33,969	28,398	5,896	1,831	24,746	-2,217	7,130	240	3,435	-4,196	-979	884	1,441	2,777
Income taxes`67/77`	7,468	8,235	6,901	6,172	9,638	11,238	12,801	11,361	3,067	1,494	2,123	676	3,167	1,353	2,000	2	-	1,087	1,267	1,299
Profit (loss) for the period`9904`	11,535	14,992	11,087	10,778	18,366	21,695	21,168	17,038	2,829	337	22,623	-2,892	3,963	-1,112	1,435	-4,198	-979	-203	174	1,478
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	739
Profit (loss) for the period to be appropriated`9905`	11,535	14,992	11,087	10,778	18,366	21,695	21,168	17,038	2,829	337	22,623	-2,892	3,963	-1,112	1,435	-4,198	-979	-203	174	739
Appropriation of the result
Profit (loss) to be appropriated`9906`	12,925	16,381	12,477	12,167	19,755	23,084	22,558	18,427	4,189	1,360	19,024	-3,599	-707	-4,670	-3,558	-4,993	-794	185	388	774
Profit (loss) brought forward from the previous period`14P`	1,389	1,389	1,389	1,389	1,389	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	21,168	19,038	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	11,535	14,992	11,087	10,778	18,366	21,695	21,168	16,238	2,800	-	-	-	-	-	-	-	-	-	-	560
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	560
To other reserves`6921`	11,535	14,992	11,087	10,778	18,366	21,695	21,168	16,238	2,800	-	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	21,168	19,038	-	-	-	-	-	800	-	-	18,000	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	21,168	19,038	-	-	-	-	-	800	-	-	-	-	-	-	-	-	-	-	-	-
Directors or managers`695`	-	-	-	-	-	-	-	-	-	-	18,000	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	31-08-2026	2026-00484727	PDF
31-12-2024	micro format	31-07-2025	2025-00352733	PDF
31-12-2023	micro format	02-07-2024	2024-00196814	PDF
31-12-2022	micro format	18-07-2023	2023-00251604	PDF
31-12-2021	micro format	15-06-2022	2022-20067109	PDF
31-12-2020	micro format	25-06-2021	2021-27900405	PDF
31-12-2019	micro format	19-07-2020	2020-32300402	PDF
31-12-2018	micro format	24-07-2019	2019-37100266	PDF
31-12-2017	micro format	18-07-2018	2018-34700047	PDF
31-12-2016	micro format	28-07-2017	2017-38900509	PDF
31-12-2015	abbreviated format	22-07-2016	2016-35000527	PDF
31-12-2014	abbreviated format	31-07-2015	2015-39800252	PDF
31-12-2013	abbreviated format	31-08-2014	2014-57700593	PDF
31-12-2012	abbreviated format	18-07-2013	2013-33100549	PDF
31-12-2011	abbreviated format	19-07-2012	2012-33700171	PDF
31-12-2010	abbreviated format	28-07-2011	2011-37500063	PDF
31-12-2009	abbreviated format	26-07-2010	2010-36800514	PDF
31-12-2008	abbreviated format	17-07-2009	2009-44900393	PDF
31-12-2007	abbreviated format	14-07-2008	2008-40500322	PDF
31-12-2006	abbreviated format	19-07-2007	2007-43800187	PDF
31-12-2005	abbreviated format	28-07-2006	2006-58703113	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	19,880	24,210	20,149	18,889	29,868	34,718	35,693	30,029	9,026	12,637	23,325	21,364	30,400	23,561	26,980	19,426	8,536	20,940	22,203	24,479
Cash flow	12,415	15,980	13,132	12,660	20,134	23,435	22,852	18,645	12,383	9,890	32,404	20,267	27,072	21,810	24,357	18,496	14,577	18,911	19,320	20,748
Investment in fixed assets (approximation)	0	0	3,326	1,320	0	1,518	5,427	3,157	0	0	0	46,839	930	0	1,138	0	46,582	0	0	781
Change in cash	-21,793	-44,656	9,073	17,308	13,513	18,194	3,549	35,686	6,267	-1,196	1,286	-39,264	32,153	-3,378	6,376	3,475	-6,722	-952	7,780	-
Working capital	104,023	112,776	115,834	106,028	94,687	74,553	52,636	35,212	11,156	-1,227	-9,733	-18,695	-6,714	-32,390	-48,757	-66,774	-80,299	-66,455	-73,366	-79,509
Solvency	98.9%	94.0%	98.1%	96.8%	91.3%	88.8%	86.8%	65.9%	80.9%	55.0%	18.9%	17.6%	25.2%	20.4%	15.3%	11.5%	13.7%	17.6%	14.7%	13.2%
Current ratio	88.27	16.29	50.63	30.21	11.12	8.41	6.98	2.85	3.30	0.92	0.87	0.65	0.86	0.28	0.25	0.13	0.01	0.11	0.11	0.01
Quick ratio	88.02	16.20	50.56	30.09	11.03	8.28	6.98	2.85	3.30	0.92	0.87	0.65	0.86	0.28	0.25	0.13	0.01	0.11	0.11	0.01
Debt to equity	0.01	0.06	0.02	0.03	0.10	0.13	0.15	0.52	0.24	0.82	4.29	4.69	2.97	3.89	5.53	7.71	6.27	4.68	5.81	6.57
ROE	10.9%	12.9%	9.3%	9.9%	18.7%	27.2%	36.5%	46.3%	13.8%	1.9%	130.3%	-22.7%	25.4%	-9.5%	11.2%	-37.0%	-6.3%	-1.2%	1.0%	8.9%
ROA	10.7%	12.2%	9.1%	9.6%	17.1%	24.2%	31.7%	30.6%	11.2%	1.0%	24.6%	-4.0%	6.4%	-1.9%	1.7%	-4.2%	-0.9%	-0.2%	0.2%	1.2%
Interest coverage	over 100	over 100	over 100	over 100	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	€3,326	€1,320	-
Depreciation and write-downs of the year	€880	€988	€2,045	€1,882	€1,768

SQUIT

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency98.9%

Current ratio88.27

Return on assets10.7%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on SQUIT

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