Tornado (0402.661.351): financials and annual accounts

Tornado

Molenbeek-Saint-Jean ·KBO/BCE: BE 0402.661.351

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`	1.2m	1.2m	1.4m	1.4m	1.3m	1.2m	1.2m	1.3m	1.2m	1.2m	1.0m	1.0m	1.2m	1.1m	1.1m	1.2m	1.2m	970,525	916,084
Fixed assets`21/28`	1.1m	1.0m	988,478	1.0m	1.0m	871,642	853,778	871,703	906,098	936,994	944,764	938,610	966,907	1.0m	1.0m	1.1m	1.1m	860,974	859,955
Tangible fixed assets`22/27`	1.1m	1.0m	988,478	1.0m	1.0m	871,642	853,778	871,703	906,098	936,994	944,764	938,610	966,907	1.0m	1.0m	1.1m	1.1m	860,974	859,955
Land and buildings`22`	852,903	852,903	852,903	852,903	852,903	852,903	852,903	852,903	852,903	852,903	852,903	852,903	852,903	855,928	860,179	864,430	868,681	860,974	859,955
Plant, machinery and equipment`23`	46,914	93,477	135,575	156,082	164,329	18,739	875	18,800	53,196	84,091	86,873	74,923	112,385	149,846	187,308	225,417	263,527	-	-
Furniture and vehicles`24`	3,417	-	-	-	-	-	-	-	-	-	4,987	10,784	1,620	569	1,137	1,706	2,274	-	-
Other tangible fixed assets`26`	161,372	73,739	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current assets`29/58`	181,403	201,502	406,782	361,694	322,766	370,482	324,215	464,890	321,826	262,651	95,258	86,658	228,376	97,664	49,662	67,344	60,077	109,551	56,129
Stocks and contracts in progress`3`	2,873	5,303	3,832	2,867	1,404	2,538	5,009	2,229	3,427	2,434	2,587	4,508	2,796	3,626	4,317	6,394	3,753	3,900	4,048
Stocks`30/36`	2,873	5,303	3,832	2,867	1,404	2,538	5,009	2,229	3,427	2,434	2,587	4,508	2,796	3,626	4,317	6,394	3,753	3,900	4,048
Amounts receivable within one year`40/41`	6,430	28,989	19,610	34,211	31,451	35,000	55,991	56,473	15,000	10,000	25,048	30,228	139,135	41,131	32,020	24,392	33,642	40,126	40,324
Trade receivables`40`	-	-	-	-	-	-	-	-	-	-	-	-	-	277	20	20	-	126	324
Other amounts receivable`41`	6,430	28,989	19,610	34,211	31,451	35,000	55,991	56,473	15,000	10,000	25,048	30,228	139,135	40,854	32,000	24,372	33,642	40,000	40,000
Cash at bank and in hand`54/58`	167,148	162,310	378,415	322,221	287,667	331,786	262,101	406,188	301,965	248,830	65,986	51,922	86,445	52,908	13,325	36,558	22,682	65,520	11,756
Deferred charges and accrued income`490/1`	4,953	4,900	4,925	2,395	2,245	1,159	1,113	-	1,434	1,386	1,637	-	-	-	-	-	-	5	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.2m	1.2m	1.4m	1.4m	1.3m	1.2m	1.2m	1.3m	1.2m	1.2m	1.0m	1.0m	1.2m	1.1m	1.1m	1.2m	1.2m	970,525	916,084
Equity`10/15`	1.0m	1.0m	1.1m	1.3m	1.2m	1.2m	1.1m	999,267	897,052	1.0m	1.0m	975,522	1.1m	1.1m	979,650	904,200	806,764	758,498	670,952
Contributions`10/11`	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763
Capital`10`	86,763	86,763	86,763	86,763	86,763	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763	86,763
Reserves`13`	926,676	960,676	1.0m	1.2m	1.2m	1.1m	1.0m	908,676	809,676	929,676	913,676	888,676	1.0m	968,676	883,676	808,676	718,676	666,676	578,676
Non-distributable reserves`130/1`	8,676	8,676	8,676	8,676	8,676	8,676	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	8,676	8,676	8,676	8,676	8,676	8,676	8,676	8,676	8,676	8,676	8,676	8,676	8,676	8,676	8,676	8,676	8,676	8,676	8,676
Distributable reserves`133`	918,000	952,000	1.0m	1.2m	1.1m	1.1m	1.0m	900,000	801,000	921,000	905,000	880,000	1.0m	960,000	875,000	800,000	710,000	658,000	570,000
Profit (loss) carried forward`14`	221	348	455	554	4,385	4,312	8,766	3,828	613	193	961	83	7,563	3,569	9,211	8,761	913	4,095	3,997
Investment grants`15`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	412	964	1,516
Amounts payable`17/49`	232,348	173,834	293,865	92,186	95,674	42,372	73,788	337,325	330,872	183,013	38,622	49,746	57,282	44,999	118,635	254,697	387,795	212,026	245,132
Amounts payable within one year`42/48`	232,348	173,834	293,587	91,189	95,674	42,372	73,788	337,325	330,872	183,013	38,622	49,746	57,282	44,999	118,635	254,697	387,795	212,026	245,132
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	87,691	229,219	137,047	167,198
Trade debts`44`	24,864	52,766	29,304	29,799	27,290	12,290	30,327	17,532	23,532	103,850	21,099	23,596	15,648	13,896	75,450	109,900	139,033	25,184	22,411
Suppliers`440/4`	24,864	52,766	29,304	29,799	27,290	12,290	30,327	17,532	23,532	103,850	21,099	23,596	15,648	13,896	75,450	109,900	139,033	25,184	22,411
Taxes, remuneration and social security`45`	7,484	21,068	14,283	11,390	18,384	30,083	43,461	69,793	57,341	29,163	17,523	26,150	41,634	31,102	43,186	57,106	19,544	49,795	55,522
Taxes`450/3`	7,484	21,068	14,283	11,390	18,384	30,083	43,461	69,793	57,341	29,163	17,523	20,735	29,046	25,166	31,537	51,626	11,764	40,077	47,501
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	-	-	-	5,415	12,588	5,937	11,649	5,480	7,780	9,718	8,021
Other amounts payable`47/48`	200,000	100,000	250,000	50,000	50,000	-	-	250,000	250,000	50,000	-	-	-	-	-	-	-	-	-
Accrued charges and deferred income`492/3`	-	-	278	997	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	-	-	-	-	509	226	-	-	-	-
Gross operating margin`9900`	172,174	143,086	91,884	106,829	137,510	140,672	178,614	198,518	164,658	180,251	161,394	209,006	238,206	222,318	217,276	263,239	220,977	239,489	245,119
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	-	-	-	-	72,125	79,493	76,066	71,014	70,122	101,119	100,969	77,380
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	61,954	49,242	43,859	41,116	8,946	1,166	17,925	34,396	34,396	75,970	59,729	43,258	41,865	42,281	42,929	42,929	44,151	5,113	4,312
Other operating charges`640/8`	17,305	19,941	13,485	13,389	13,282	11,612	12,968	14,250	11,031	12,331	10,818	9,001	10,174	9,198	8,132	8,650	8,759	8,490	9,466
Non-recurring operating charges`66A`	6,125	12,959	3,001	3,734	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	86,789	60,943	31,539	48,590	115,282	127,894	147,721	149,872	119,231	91,951	90,848	84,622	106,674	94,773	95,201	141,538	66,949	124,917	153,960
Financial income`75/76B`	5	1	3	295	-	-	-	-	310	14	3	3	-	61	55	1,180	564	674	709
Recurring financial income`75`	5	1	3	1	-	-	-	-	19	14	3	3	-	61	55	1,180	564	674	709
Non-recurring financial income`76B`	-	-	-	294	-	-	-	-	290	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	2,351	1,231	1,630	3,327	2,397	2,101	1,498	1,541	733	266	1,397	633	576	740	2,153	9,012	7,660	7,798	11,094
Recurring financial charges`65`	2,351	1,231	1,630	3,327	2,397	2,101	1,498	1,541	733	266	1,397	633	576	740	2,153	9,012	7,660	7,798	11,094
Profit (loss) for the period before taxes`9903`	84,444	59,713	29,912	45,558	112,885	125,792	146,223	148,332	118,808	91,699	89,454	83,992	106,098	94,604	93,329	133,706	59,852	117,793	143,575
Income taxes`67/77`	18,570	13,320	7,011	11,390	18,313	30,246	41,286	46,117	38,387	26,466	23,576	16,472	27,104	15,246	17,878	35,858	11,035	29,695	41,255
Profit (loss) for the period`9904`	65,874	46,393	22,901	34,169	94,572	95,547	104,938	102,215	80,420	65,232	65,878	67,520	78,994	79,358	75,450	97,848	48,817	88,098	102,320
Profit (loss) for the period to be appropriated`9905`	65,874	46,393	22,901	34,169	94,572	95,547	104,938	102,215	80,420	65,232	65,878	67,520	78,994	79,358	75,450	97,848	48,817	88,098	102,320
Appropriation of the result
Profit (loss) to be appropriated`9906`	66,221	46,848	23,455	38,554	98,885	104,312	108,766	102,828	80,613	66,193	65,961	75,083	82,563	88,569	84,211	98,761	52,913	92,095	103,997
Profit (loss) brought forward from the previous period`14P`	348	455	554	4,385	4,312	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	34,000	53,500	177,000	-	-	-	-	-	120,000	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	38,000	44,500	100,000	100,000	99,000	-	16,000	25,000	75,000	75,000	85,000	75,000	90,000	52,000	88,000	100,000
To other reserves`6921`	-	-	-	38,000	44,500	100,000	100,000	99,000	-	16,000	25,000	75,000	75,000	85,000	75,000	90,000	52,000	88,000	100,000
Profit to be distributed`694/7`	100,000	100,000	200,000	-	50,000	-	-	-	200,000	50,000	40,000	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	100,000	100,000	200,000	-	50,000	-	-	-	200,000	50,000	40,000	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	-	-	-	2.4	2.2	2.2	2.3	2.3	2.9	3.1	3.3
Hours worked`1013`	-	-	-	-	-	-	-	-	-	-	-	3,379	3,748	3,776	3,752	3,887	4,940	5,141	4,237
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	abbreviated format	19-08-2026	2026-00407449	PDF
31-12-2024	micro format	25-07-2025	2025-00309318	PDF
31-12-2023	micro format	28-08-2024	2024-00387990	PDF
31-12-2022	micro format	27-07-2023	2023-00278599	PDF
31-12-2021	micro format	29-07-2022	2022-20252454	PDF
31-12-2020	micro format	16-07-2021	2021-36300568	PDF
31-12-2019	micro format	22-07-2020	2020-32300483	PDF
31-12-2018	micro format	22-07-2019	2019-36200160	PDF
31-12-2017	micro format	16-07-2018	2018-33600182	PDF
31-12-2016	full format	18-07-2017	2017-33400080	PDF
31-12-2015	full format	08-07-2016	2016-29600131	PDF
31-12-2014	full format	29-06-2015	2015-24200177	PDF
31-12-2013	full format	25-06-2014	2014-21700274	PDF
31-12-2012	full format	21-05-2013	2013-12600034	PDF
31-12-2011	full format	06-06-2012	2012-15200548	PDF
31-12-2010	full format	22-08-2011	2011-42300122	PDF
31-12-2009	full format	28-05-2010	2010-14000396	PDF
31-12-2008	full format	30-06-2009	2009-33700053	PDF
31-12-2007	full format	24-04-2008	2008-11600177	PDF
31-12-2006	full format	27-03-2007	2007-09500153	PDF
31-12-2005	full format	07-04-2006	2006-10602958	PDF
31-12-2004	full format	20-04-2005	2005-12203231	PDF
31-12-2003	full format	26-03-2004	2004-08803163	PDF
31-12-2002	full format	11-04-2003	2003-10702584	PDF
31-12-2001	full format	09-04-2002	2002-09300808	PDF
31-12-2000	full format	10-04-2001	2001-09304197	PDF
31-12-1999	full format	06-04-2000	2000-09201999	PDF
31-12-1998	full format	28-05-1999	1999-12202957	PDF
31-12-1997	full format	15-04-1998	1998-07000358	PDF
31-12-1996	full format	08-08-1997	1997-36902496	PDF
31-12-1995	full format	07-05-1996	1996-07901196	PDF
31-12-1994	full format	20-06-1995	1995-26402345	PDF
31-12-1993	full format	02-08-1994	1994-34203766	PDF
31-12-1992	full format	25-10-1993	1993-40901117	PDF
31-12-1991	full format	25-05-1992	1992-07003249	PDF
31-12-1990	full format	09-04-1991	1991-03604450	PDF
31-12-1989	full format	21-03-1990	1990-02200011	PDF
31-12-1988	full format	13-04-1989	1989-02603851	PDF
31-12-1987	full format	15-04-1988	1988-02502114	PDF
31-12-1986	full format	20-03-1987	1987-03501623	PDF
31-12-1985	full format	20-05-1986	1986-07500814	PDF
31-12-1984	unclassified schema	14-03-1985	1985-01101505	PDF
31-12-1983	unclassified schema	16-03-1984	1984-01101533	PDF
31-12-1982	unclassified schema	28-03-1983	1983-01201673	PDF
31-12-1981	unclassified schema	24-03-1982	1982-01100461	PDF
31-12-1980	unclassified schema	17-03-1981	1981-00802228	PDF
31-12-1979	unclassified schema	08-04-1980	1980-01201438	PDF
31-12-1978	unclassified schema	03-05-1979	1979-02200324	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	148,744	110,186	75,398	89,706	124,228	129,060	165,646	184,268	153,626	167,920	150,576	127,880	148,538	137,054	138,130	184,467	111,100	130,030	158,272
Cash flow	127,828	95,635	66,760	75,284	103,518	96,713	122,863	136,611	114,816	141,202	125,607	110,778	120,859	121,639	118,380	140,777	92,968	93,211	106,632
Investment in fixed assets (approximation)	106,441	80,883	23,352	32,869	154,536	19,030	0	0	3,500	68,200	65,883	14,961	2,430	0	0	0	317,659	6,132	-
Change in cash	4,837	-216,104	56,193	34,555	-44,119	69,685	-144,086	104,223	53,134	182,844	14,064	-34,523	33,537	39,582	-23,233	13,876	-42,838	53,764	-
Working capital	-50,945	27,668	113,194	270,505	227,092	328,110	250,427	127,564	-9,046	79,638	56,636	36,912	171,095	52,666	-68,973	-187,353	-327,718	-102,476	-189,003
Solvency	81.4%	85.8%	78.9%	93.3%	92.9%	96.6%	93.7%	74.8%	73.1%	84.7%	96.3%	95.1%	95.2%	95.9%	89.2%	78.0%	67.5%	78.2%	73.2%
Current ratio	0.78	1.16	1.39	3.97	3.37	8.74	4.39	1.38	0.97	1.44	2.47	1.74	3.99	2.17	0.42	0.26	0.15	0.52	0.23
Quick ratio	0.77	1.13	1.37	3.93	3.36	8.68	4.33	1.37	0.96	1.42	2.40	1.65	3.94	2.09	0.38	0.24	0.15	0.50	0.21
Debt to equity	0.23	0.17	0.27	0.07	0.08	0.04	0.07	0.34	0.37	0.18	0.04	0.05	0.05	0.04	0.12	0.28	0.48	0.28	0.37
ROE	6.5%	4.4%	2.1%	2.7%	7.6%	8.0%	9.5%	10.2%	9.0%	6.4%	6.6%	6.9%	6.9%	7.5%	7.7%	10.8%	6.1%	11.6%	15.2%
ROA	5.3%	3.8%	1.6%	2.5%	7.1%	7.7%	8.9%	7.6%	6.5%	5.4%	6.3%	6.6%	6.6%	7.2%	6.9%	8.4%	4.1%	9.1%	11.2%
Interest coverage	63.28	89.48	46.26	26.96	51.82	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€106,441	€80,883	€23,352	€32,869	€154,536
Depreciation and write-downs of the year	€61,954	€49,242	€43,859	€41,116	€8,946

Tornado

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency81.4%

Current ratio0.78

Return on assets5.3%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on Tornado

Next steps