STEF OPTICAL (0453.210.229): financials and annual accounts

STEF OPTICAL

Merelbeke-Melle ·KBO/BCE: BE 0453.210.229

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	28,074	41,407	68,880	85,426	85,120	85,749	86,135	83,683	102,313	111,627	120,070	110,856	77,554	312,626	356,522	347,570	438,337	408,680	137,049
Fixed assets`21/28`	17,249	16,307	17,084	4,179	3,322	3,322	6,619	9,916	13,836	17,756	25,377	17,206	20,882	209,511	232,532	220,113	234,292	252,845	3,517
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	92	239	523	1,916
Tangible fixed assets`22/27`	14,516	13,574	14,351	1,386	529	529	3,826	7,123	11,043	14,963	22,584	14,413	18,089	208,918	231,999	219,488	233,520	251,789	1,567
Land and buildings`22`	12,150	12,825	12,992	-	-	-	-	-	292	584	876	1,168	-	186,128	202,911	218,464	233,238	251,189	-
Plant, machinery and equipment`23`	2,366	749	1,359	1,386	529	529	529	529	859	1,190	529	643	1,286	1,968	1,326	1,024	146	329	548
Furniture and vehicles`24`	-	-	-	-	-	-	3,297	6,594	9,892	13,189	21,179	12,602	16,803	20,822	27,762	-	136	271	1,019
Financial fixed assets`28`	2,733	2,733	2,733	2,793	2,793	2,793	2,793	2,793	2,793	2,793	2,793	2,793	2,793	593	533	533	533	533	33
Current assets`29/58`	10,825	25,100	51,796	81,247	81,798	82,427	79,516	73,767	88,477	93,871	94,692	93,650	56,671	103,116	123,990	127,457	204,045	155,835	133,532
Stocks and contracts in progress`3`	8,016	10,437	17,688	17,000	27,795	27,964	662	1,490	10,810	40,070	8,195	6,240	-	-	2,500	9,977	11,283	23,356	27,843
Stocks`30/36`	8,016	10,437	17,688	17,000	27,795	27,964	662	1,490	10,810	40,070	8,195	6,240	-	-	2,500	9,977	11,283	23,356	27,843
Amounts receivable within one year`40/41`	1,574	13,140	32,387	64,076	52,074	52,835	25,010	70,869	76,284	53,135	85,993	86,956	46,608	50,609	96,396	99,271	153,945	106,775	92,220
Trade receivables`40`	0	10,800	28,713	54,405	49,680	38,205	25,005	70,869	75,113	48,325	83,641	83,078	46,584	35,929	95,698	99,168	145,965	98,753	89,607
Other amounts receivable`41`	1,574	2,340	3,674	9,671	2,394	14,630	4	-	1,171	4,810	2,351	3,878	24	14,680	698	103	7,980	8,022	2,613
Cash at bank and in hand`54/58`	-	636	0	0	8	57	52,433	13	13	67	69	54	9,757	52,506	19,531	17,532	38,178	25,009	11,787
Deferred charges and accrued income`490/1`	1,235	887	1,721	170	1,921	1,571	1,412	1,395	1,371	598	435	400	306	-	5,563	677	639	695	1,682
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	28,074	41,407	68,880	85,426	85,120	85,749	86,135	83,683	102,313	111,627	120,070	110,856	77,554	312,626	356,522	347,570	438,337	408,680	137,049
Equity`10/15`	-1,079	4,992	13,660	4,830	-6,100	51,107	49,469	39,240	-8,004	-18,431	-14,198	-30,898	-108,578	-82,198	10,226	17,842	5,306	226	-6,232
Contributions`10/11`	-	-	-	-	-	62,000	62,000	62,000	62,000	62,000	62,000	62,000	61,579	61,579	61,579	61,579	61,579	61,579	61,579
Issued capital`100`	-	-	-	-	-	-	62,000	62,000	62,000	62,000	62,000	62,000	61,579	61,579	61,579	61,579	61,579	61,579	61,579
Reserves`13`	8,938	8,938	13,660	4,722	4,722	4,722	4,722	4,722	4,722	4,722	4,722	4,122	4,122	4,122	4,122	4,122	4,122	4,122	4,122
Distributable reserves`133`	8,938	8,938	13,660	4,722	4,722	4,722	4,722	4,722	4,722	4,722	4,722	4,122	4,122	4,122	4,122	4,122	4,122	4,122	4,122
Profit (loss) carried forward`14`	-10,017	-3,947	0	108	-10,822	-15,615	-17,253	-27,482	-74,726	-85,153	-80,920	-97,020	-174,278	-147,899	-55,475	-47,859	-60,395	-65,475	-71,933
Amounts payable`17/49`	29,153	36,416	55,220	80,596	91,219	34,642	36,666	44,443	110,318	130,058	134,268	141,754	186,131	394,824	346,296	329,728	433,031	408,454	143,281
Amounts payable after more than one year`17`	0	1,593	6,229	-	-	-	-	-	1,290	5,117	8,877	2,527	8,442	168,661	185,473	176,470	186,525	196,011	-
Financial debts`170/4`	0	1,593	6,229	-	-	-	-	-	1,290	5,117	8,877	2,527	8,442	168,661	185,473	176,470	186,525	196,011	-
Amounts payable within one year`42/48`	29,153	34,823	48,991	80,596	91,219	34,642	36,666	44,304	85,129	124,941	125,391	139,227	177,690	226,163	160,823	153,258	246,506	211,943	143,281
Current portion of amounts payable after more than one year`42`	1,593	4,636	4,429	10,874	-	1,672	-	1,290	3,826	3,760	6,222	5,915	5,710	16,812	15,980	10,056	9,485	8,948	16,959
Financial debts`43`	14,418	2,998	17,017	1,728	12,330	16,203	-	8,237	24,093	31,274	12,607	21,901	-	-	-	-	-	-	-
Credit institutions`430/8`	14,418	2,998	17,017	1,728	12,330	16,203	-	8,237	24,093	31,274	12,607	21,901	-	-	-	-	-	-	-
Trade debts`44`	9,096	14,766	11,005	2,285	14,700	11,162	7,280	8,122	5,039	-	-	-	2,498	-	17,331	190	87,889	17,527	5,757
Suppliers`440/4`	9,096	14,766	11,005	2,285	14,700	11,162	7,280	8,122	5,039	-	-	-	2,498	-	17,331	190	87,889	17,527	5,757
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	-	-	-	55,000	-	-	-	-	-
Taxes, remuneration and social security`45`	4,046	10,541	16,540	10,021	5,815	5,605	8,486	18,952	-	1,785	-	1,019	984	-	7,035	6,953	157	12,622	4,676
Taxes`450/3`	4,046	10,541	16,540	10,021	5,815	5,605	8,486	18,952	-	1,785	-	1,019	984	-	7,035	6,953	157	12,622	4,676
Other amounts payable`47/48`	0	1,882	0	55,688	58,374	-	20,900	7,703	52,169	88,121	106,562	110,392	168,498	154,351	120,477	136,059	148,975	172,846	115,888
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	139	23,899	-	-	-	-	-	-	-	-	500	-
Income statement
Non-recurring operating income`76A`	1,655	-	-	-	2,006	-	1,959	-	-	86	-	6,464	45,631	5,916	1,455	891	706	459	1,470
Gross operating margin`9900`	354	-1,013	20,387	21,592	12,119	7,299	18,400	68,236	17,061	8,823	24,889	13,013	-37,856	-49,853	40,335	55,588	42,655	74,121	59,413
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	1,288	777	535	101	-	3,297	3,297	3,920	3,920	3,920	5,701	5,136	5,226	26,364	25,847	18,938	18,553	48,079	2,548
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	0	1,176	5	761	-	-	-	-	-	-	-	-	-	4,597	-	-	-	-
Other operating charges`640/8`	801	993	910	2,724	819	766	779	1,304	857	1,205	1,667	2,343	5,409	1,612	2,914	2,227	1,855	3,633	2,189
Non-recurring operating charges`66A`	-	-	-	-	1,282	-	-	2,073	-	4,651	1,602	-	6,686	4,597	-	-	-	-	5,493
Operating profit (loss)`9901`	-1,735	-2,783	17,767	18,762	9,257	3,235	14,324	60,938	12,284	-952	17,521	5,534	-48,491	-77,829	6,977	34,423	22,247	22,409	54,676
Financial income`75/76B`	36	277	97	139	117	197	122	179	1,605	226	2,706	2,679	1,717	3,138	1,316	3,635	2,025	1,581	3,996
Recurring financial income`75`	36	277	97	139	117	197	122	179	1,605	226	2,706	2,679	1,717	3,138	1,316	3,635	2,025	1,581	3,996
Financial charges`65/66B`	3,670	3,983	3,152	1,864	2,199	1,375	794	2,707	3,462	3,507	2,526	2,891	15,656	18,849	15,534	16,348	15,741	12,162	7,785
Recurring financial charges`65`	3,670	3,983	3,152	1,864	2,199	1,375	794	2,707	3,462	3,507	2,526	2,891	15,656	18,849	15,534	16,348	15,741	12,162	7,785
Profit (loss) for the period before taxes`9903`	-5,370	-6,488	14,711	17,038	7,175	2,057	13,651	58,411	10,427	-4,233	16,100	11,786	-23,485	-92,221	-5,786	22,601	9,237	12,287	46,863
Income taxes`67/77`	700	2,180	5,881	6,108	2,381	420	3,422	11,167	-	-0	0	2	2,895	202	1,830	10,065	4,157	5,829	18,983
Profit (loss) for the period`9904`	-6,070	-8,669	8,830	10,930	4,794	1,637	10,230	47,244	10,427	-4,233	16,100	11,784	-26,380	-92,423	-7,616	12,536	5,080	6,458	27,881
Profit (loss) for the period to be appropriated`9905`	-6,070	-8,669	8,830	10,930	4,794	1,637	10,230	47,244	10,427	-4,233	16,100	11,784	-26,380	-92,423	-7,616	12,536	5,080	6,458	27,881
Appropriation of the result
Profit (loss) to be appropriated`9906`	-10,017	-8,669	8,938	108	-10,822	-15,615	-17,253	-27,482	-74,726	-85,153	-80,920	-162,494	-174,278	-147,899	-55,475	-47,859	-60,395	-65,475	-71,933
Profit (loss) brought forward from the previous period`14P`	-3,947	0	108	-10,822	-15,615	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	0	4,722	-	-	-	-	-	-	-	-	-	65,475	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	0	8,938	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
To other reserves`6921`	-	0	8,938	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	12-06-2026	2026-00165572	PDF
31-12-2024	micro format	10-07-2025	2025-00281550	PDF
31-12-2023	micro format	17-06-2024	2024-00150291	PDF
31-12-2022	micro format	05-07-2023	2023-00203624	PDF
31-12-2021	micro format	23-05-2022	2022-20034213	PDF
31-12-2020	micro format	20-08-2021	2021-50900219	PDF
31-12-2019	micro format	01-10-2020	2020-57700384	PDF
31-12-2018	micro format	19-06-2019	2019-19700176	PDF
31-12-2017	micro format	24-05-2018	2018-13600543	PDF
31-12-2016	micro format	16-05-2017	2017-12200208	PDF
31-12-2015	abbreviated format	18-05-2016	2016-12500330	PDF
31-12-2014	abbreviated format	08-06-2015	2015-15600350	PDF
31-12-2013	abbreviated format	16-06-2014	2014-18100195	PDF
31-12-2012	abbreviated format	28-06-2013	2013-24100233	PDF
31-12-2011	abbreviated format	15-06-2012	2012-17900145	PDF
31-12-2010	abbreviated format	15-06-2011	2011-16700044	PDF
31-12-2009	abbreviated format	20-07-2010	2010-31900365	PDF
31-12-2008	abbreviated format	20-05-2009	2009-15400380	PDF
31-12-2007	abbreviated format	21-08-2008	2008-58800176	PDF
31-12-2006	abbreviated format	24-12-2007	2007-84200131	PDF
31-12-2005	abbreviated format	17-07-2006	2006-46700067	PDF
31-12-2004	abbreviated format	14-07-2005	2005-47500063	PDF
31-12-2003	abbreviated format	15-07-2004	2004-45400060	PDF
31-12-2002	abbreviated format	03-11-2003	2003-76900222	PDF
31-12-2001	abbreviated format	26-11-2002	2002-73300046	PDF
31-12-2000	abbreviated format	14-09-2001	2001-55600118	PDF
31-12-1999	abbreviated format	30-05-2000	2000-15800130	PDF
31-12-1998	abbreviated format	26-08-1999	1999-42700469	PDF
31-12-1997	abbreviated format	01-07-1998	1998-25504397	PDF
31-12-1996	abbreviated format	24-09-1997	1997-44900140	PDF
31-12-1995	abbreviated format	07-08-1996	1996-39303485	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	-447	-2,006	18,301	18,863	-	6,532	17,621	64,858	16,203	2,968	23,222	10,669	-43,265	-51,465	32,824	53,361	40,800	70,488	57,224
Cash flow	-4,782	-7,892	9,365	11,030	-	4,934	13,527	51,164	14,346	-313	21,801	16,920	-21,154	-66,060	18,231	31,474	23,633	54,537	30,428
Investment in fixed assets (approximation)	2,230	0	13,500	958	-	0	0	0	0	17,478	26,474	1,460	23,547	3,343	38,266	4,759	0	297,407	1,373
Change in cash	-	636	-0	-7	-49	-52,376	52,420	-0	-55	-2	15	-9,703	-42,749	32,975	1,999	-20,646	13,169	13,222	-
Working capital	-18,328	-9,723	2,805	651	-9,421	47,785	42,850	29,462	3,349	-31,070	-30,698	-45,577	-121,018	-123,047	-36,833	-25,801	-42,461	-56,108	-9,749
Solvency	-3.8%	12.1%	19.8%	5.7%	-7.2%	59.6%	57.4%	46.9%	-7.8%	-16.5%	-11.8%	-27.9%	-140.0%	-26.3%	2.9%	5.1%	1.2%	0.1%	-4.5%
Current ratio	0.37	0.72	1.06	1.01	0.90	2.38	2.17	1.66	1.04	0.75	0.76	0.67	0.32	0.46	0.77	0.83	0.83	0.74	0.93
Quick ratio	0.10	0.42	0.70	0.80	0.59	1.57	2.15	1.63	0.91	0.43	0.69	0.63	0.32	0.46	0.76	0.77	0.78	0.63	0.74
Debt to equity	-	7.30	4.04	16.69	-	0.68	0.74	1.13	-	-	-	-	-	-	33.86	18.48	81.61	-	-
ROE	-	-173.7%	64.6%	226.3%	-	3.2%	20.7%	120.4%	-	-	-	-	-	-	-74.5%	70.3%	95.7%	-	-
ROA	-21.6%	-20.9%	12.8%	12.8%	5.6%	1.9%	11.9%	56.5%	10.2%	-3.8%	13.4%	10.6%	-34.0%	-29.6%	-2.1%	3.6%	1.2%	1.6%	20.3%
Interest coverage	-0.12	-0.50	5.81	10.12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€2,230	-	€13,500	€958	-
Financial fixed assets	€0	-	-	-	-
Depreciation and write-downs of the year	€1,288	€777	€535	€101	-

STEF OPTICAL

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cash

Position in the sector

Solvency-3.8%

Current ratio0.37

Return on assets-21.6%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on STEF OPTICAL

Next steps