TRADWARE (0886.025.912): financials and annual accounts

TRADWARE

Balen ·KBO/BCE: BE 0886.025.912

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`	128,031	143,901	156,920	169,442	189,293	161,673	157,319	154,150	198,459	190,830	161,221	128,236	114,676	122,520	115,496	74,013	59,205	71,183	48,193
Fixed assets`21/28`	2,772	12,142	21,511	30,880	40,250	-	-	4,924	9,848	13,671	18,592	8,106	14,754	22,279	35,555	18,130	30,776	42,683	25,702
Tangible fixed assets`22/27`	2,772	12,142	21,511	30,880	40,250	-	-	4,924	9,848	13,671	18,592	8,106	14,754	22,279	35,555	18,130	30,776	42,683	25,702
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	1,102	735	-	364	1,529	1,600	2,548	4,227	2,176	3,349	3,784	425
Furniture and vehicles`24`	2,772	12,142	21,511	30,880	40,250	-	-	3,822	9,114	13,671	18,228	6,577	13,154	19,731	31,328	15,954	27,427	38,899	25,277
Current assets`29/58`	125,258	131,760	135,409	138,561	149,043	161,673	157,319	149,226	188,610	177,160	142,629	120,130	99,922	100,241	79,941	55,883	28,429	28,500	22,491
Amounts receivable within one year`40/41`	8,992	11,829	16,893	20,783	26,179	22,845	16,722	5,901	40,072	34,032	12,079	16,857	20,857	25,076	22,529	24,936	16,008	16,441	11,589
Trade receivables`40`	3,245	4,781	4,099	2,312	3,893	5,622	2,408	4,655	11,661	10,234	8,467	8,357	12,243	10,087	12,118	16,571	10,701	14,188	10,360
Other amounts receivable`41`	5,747	7,048	12,793	18,471	22,285	17,223	14,313	1,246	28,411	23,798	3,612	8,500	8,614	14,989	10,411	8,365	5,307	2,253	1,229
Current investments`50/53`	102,222	109,130	103,084	100,760	103,760	126,948	129,947	131,927	134,905	130,842	118,568	88,019	319	59,739	41,269	-	-	-	-
Cash at bank and in hand`54/58`	10,276	6,693	11,165	12,506	14,072	7,449	6,515	7,373	6,985	5,020	6,162	9,052	72,503	7,226	9,734	25,246	9,121	8,921	9,402
Deferred charges and accrued income`490/1`	3,768	4,107	4,267	4,513	5,032	4,431	4,134	4,024	6,649	7,266	5,820	6,202	6,243	8,200	6,409	5,701	3,300	3,138	1,500
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	128,031	143,901	156,920	169,442	189,293	161,673	157,319	154,150	198,459	190,830	161,221	128,236	114,676	122,520	115,496	74,013	59,205	71,183	48,193
Equity`10/15`	123,949	129,678	133,375	135,564	143,271	154,410	150,529	137,083	183,852	168,484	135,054	115,118	92,964	107,600	90,915	69,417	57,006	45,991	19,246
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	81,600	81,600	81,600	81,600	81,600	18,600	18,600	18,600	18,600	18,600	6,200
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	81,600	81,600	81,600	81,600	81,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,400
Reserves`13`	105,349	111,078	114,775	116,964	124,671	135,810	131,929	118,483	109,024	93,656	60,225	25,122	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Non-distributable reserves`130/1`	-	-	8,160	8,160	8,160	8,160	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	8,160	8,160	8,160	8,160	8,160	2,968	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	-	-	8,160	8,160	8,160	8,160	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	105,349	111,078	106,615	108,804	116,511	127,650	123,769	110,323	100,864	85,496	52,065	22,154	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	-	-	-	-	-	-	-	-	-6,771	-6,771	-6,771	8,396	9,504	87,140	70,455	48,957	36,546	25,531	11,186
Amounts payable`17/49`	4,081	14,223	23,545	33,878	46,022	7,263	6,790	17,066	14,606	22,346	26,167	13,118	21,712	14,920	24,581	4,596	2,199	25,192	28,947
Amounts payable after more than one year`17`	-	3,097	12,335	21,496	30,579	-	-	1,738	5,855	9,562	13,537	-	3,756	8,111	12,305	-	-	-	-
Financial debts`170/4`	-	3,097	12,335	21,496	30,579	-	-	1,738	5,855	9,562	13,537	-	3,756	8,111	12,305	-	-	-	-
Amounts payable within one year`42/48`	4,031	11,102	11,162	12,308	15,361	7,180	6,790	15,217	8,005	12,783	12,630	13,118	17,956	6,809	12,276	4,596	2,199	20,679	28,947
Current portion of amounts payable after more than one year`42`	3,097	9,238	9,160	9,083	9,007	-	1,738	4,117	3,708	3,974	3,902	3,757	4,355	4,193	4,038	-	-	-	-
Trade debts`44`	200	662	684	122	151	473	1,432	841	642	1,340	649	1,481	1,745	1,871	2,832	1,852	-	55	9,205
Suppliers`440/4`	200	662	684	122	151	473	1,432	841	642	1,340	649	1,481	1,745	1,871	2,832	1,852	-	55	9,205
Taxes, remuneration and social security`45`	734	1,201	1,318	3,103	6,204	6,708	3,620	1,239	3,655	7,469	8,079	4,727	-	745	5,406	2,744	2,199	2,198	-
Taxes`450/3`	734	1,201	1,318	3,103	6,204	6,708	3,620	1,239	3,655	7,469	8,079	4,727	-	745	5,406	2,744	2,199	2,198	-
Other amounts payable`47/48`	-	-	-	-	-	-	-	9,020	-	-	-	3,153	11,856	-	-	-	-	18,426	19,742
Accrued charges and deferred income`492/3`	50	24	48	75	82	83	-	112	747	-	-	-	-	-	-	-	-	4,513	-
Income statement
Non-recurring operating income`76A`	-	-	-	-	7,600	-	-	-	-	-	5,785	-	-	-	4,621	-	-	-	-
Gross operating margin`9900`	20,203	26,392	29,817	28,082	35,328	39,508	28,985	31,819	32,512	47,104	44,514	42,481	-2,111	40,347	43,182	34,917	29,234	37,866	28,499
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	9,369	9,369	9,369	9,369	6,597	-	4,924	4,924	4,924	4,921	12,298	7,741	7,525	13,275	13,545	12,646	12,646	12,498	7,310
Other operating charges`640/8`	160	138	115	102	101	100	338	96	94	92	126	119	105	56	54	346	983	1,398	1,394
Operating profit (loss)`9901`	10,673	16,885	20,332	18,611	28,630	39,408	23,723	26,798	27,494	42,091	32,090	34,621	-9,741	27,016	29,583	21,925	15,605	23,970	19,795
Financial income`75/76B`	132	66	-	546	233	-	-	-	-	-	242	412	2,874	101	-	16	8	8	-
Recurring financial income`75`	132	66	-	546	233	-	-	-	-	-	242	412	2,874	101	-	16	8	8	-
Financial charges`65/66B`	762	525	447	531	583	545	897	828	461	880	600	471	769	632	330	881	431	435	790
Recurring financial charges`65`	762	525	447	531	583	545	897	828	461	880	600	471	769	632	330	881	431	435	790
Profit (loss) for the period before taxes`9903`	10,044	16,426	19,886	18,625	28,280	38,862	22,826	25,970	27,033	41,211	37,517	34,562	-7,636	26,485	33,874	21,060	15,182	23,543	19,005
Income taxes`67/77`	3,044	4,754	6,707	6,366	9,509	12,827	9,381	9,739	11,665	21,245	17,581	12,408	-	9,800	12,376	8,649	4,467	9,198	5,959
Profit (loss) for the period`9904`	7,001	11,672	13,179	12,259	18,772	26,036	13,446	16,231	15,368	19,966	19,936	22,154	-7,636	16,685	21,498	12,411	10,715	14,345	13,046
Profit (loss) for the period to be appropriated`9905`	7,001	11,672	13,179	12,259	18,772	26,036	13,446	16,231	15,368	19,966	19,936	22,154	-7,636	16,685	21,498	12,411	10,715	14,345	13,046
Appropriation of the result
Profit (loss) to be appropriated`9906`	7,001	11,672	13,179	12,259	18,772	26,036	13,446	9,459	8,597	13,195	28,332	31,658	79,504	87,140	70,455	48,957	36,546	25,531	13,046
Transfer from equity`791/2`	12,729	15,368	15,368	19,966	29,911	22,154	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	7,001	11,672	13,179	12,259	18,772	26,036	13,446	9,459	15,368	19,966	35,103	23,262	-	-	-	-	-	-	1,860
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	5,192	1,108	-	-	-	-	-	-	1,860
To other reserves`6921`	7,001	11,672	13,179	12,259	18,772	26,036	13,446	9,459	15,368	19,966	29,911	22,154	-	-	-	-	-	-	-
Profit to be distributed`694/7`	12,729	15,368	15,368	19,966	29,911	22,154	-	-	-	-	-	-	70,000	-	-	-	-	-	-
Return on contributions (dividend)`694`	12,729	15,368	15,368	19,966	29,911	22,154	-	-	-	-	-	-	70,000	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	09-06-2026	2026-00145899	PDF
31-12-2024	micro format	17-06-2025	2025-00144750	PDF
31-12-2023	micro format	10-06-2024	2024-00120752	PDF
31-12-2022	micro format	15-06-2023	2023-00127911	PDF
31-12-2021	micro format	16-06-2022	2022-20067705	PDF
31-12-2020	abbreviated format	08-07-2021	2021-32800158	PDF
31-12-2019	abbreviated format	16-07-2020	2020-31100229	PDF
31-12-2018	abbreviated format	18-06-2019	2019-19600565	PDF
31-12-2017	abbreviated format	15-06-2018	2018-19600172	PDF
31-12-2016	abbreviated format	03-07-2017	2017-26300270	PDF
31-12-2015	abbreviated format	21-06-2016	2016-20700004	PDF
31-12-2014	abbreviated format	22-06-2015	2015-20400236	PDF
31-12-2013	abbreviated format	27-06-2014	2014-23400283	PDF
31-12-2012	abbreviated format	19-06-2013	2013-19500592	PDF
31-12-2011	abbreviated format	20-06-2012	2012-19300129	PDF
31-12-2010	abbreviated format	08-07-2011	2011-27600520	PDF
31-12-2009	abbreviated format	02-07-2010	2010-26100579	PDF
31-12-2008	abbreviated format	16-06-2009	2009-23800318	PDF
31-12-2007	abbreviated format	25-06-2008	2008-29000200	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	20,043	26,254	29,702	27,980	35,227	-	28,647	31,723	32,418	47,012	44,388	42,362	-2,216	40,291	43,128	34,571	28,251	36,468	27,105
Cash flow	16,370	21,041	22,548	21,628	25,369	-	18,370	21,155	20,292	24,887	32,234	29,895	-111	29,960	35,043	25,057	23,361	26,843	20,356
Investment in fixed assets (approximation)	0	0	0	0	46,847	-	0	0	1,102	-0	22,784	1,093	0	-1	36,885	0	739	29,479	33,012
Change in cash	3,582	-4,472	-1,341	-1,566	6,623	934	-858	388	1,965	-1,142	-2,890	-63,451	65,277	-2,508	-15,512	16,125	200	-481	-
Working capital	121,227	120,658	124,246	126,253	133,681	154,493	150,529	134,009	180,606	164,376	129,999	107,012	81,966	93,432	67,665	51,287	26,230	7,821	-6,456
Solvency	96.8%	90.1%	85.0%	80.0%	75.7%	95.5%	95.7%	88.9%	92.6%	88.3%	83.8%	89.8%	81.1%	87.8%	78.7%	93.8%	96.3%	64.6%	39.9%
Current ratio	31.07	11.87	12.13	11.26	9.70	22.52	23.17	9.81	23.56	13.86	11.29	9.16	5.56	14.72	6.51	12.16	12.93	1.38	0.78
Debt to equity	0.03	0.11	0.18	0.25	0.32	0.05	0.05	0.12	0.08	0.13	0.19	0.11	0.23	0.14	0.27	0.07	0.04	0.55	1.50
ROE	5.6%	9.0%	9.9%	9.0%	13.1%	16.9%	8.9%	11.8%	8.4%	11.9%	14.8%	19.2%	-8.2%	15.5%	23.6%	17.9%	18.8%	31.2%	67.8%
ROA	5.5%	8.1%	8.4%	7.2%	9.9%	16.1%	8.5%	10.5%	7.7%	10.5%	12.4%	17.3%	-6.7%	13.6%	18.6%	16.8%	18.1%	20.2%	27.1%
Interest coverage	26.31	50.02	66.47	52.65	60.47	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	-	-	€46,847
Depreciation and write-downs of the year	€9,369	€9,369	€9,369	€9,369	€6,597

TRADWARE

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency96.8%

Current ratio31.07

Return on assets5.5%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on TRADWARE

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