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Trimi

Active
Public limited companyfounded 1992active for 34 yearsMechelsesteenweg 134, 2650 Edegem, BelgiumKBO/BCE: BE 0447.201.276

Financials · financial year 2025, full format

Annual accounts 2025 filed on 29-06-2026 at the NBB all 34 filings

Turnover
€7.8m▲ 19.1%
2024 · €6.5m
EBIT margin
6.2%▲ 4.2pp
2024 · 2.0%
Net result
€466,874▲ 158%
2024 · €180,977
Working capital
€1.7m▲ 9.5%
2024 · €1.6m
In the rankings #4 employer in Edegem
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 3.7 times that of 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.

Turnover€7.8m 2025 Operating result€0.5m 2025 Net result€0.5m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€6.2m-€5.9m▼ 5.2%€5.3m▼ 10.9%€5.9m▲ 11.7%€6.1m▲ 3.4%€6.1m▼ 0.1%€6.5m▲ 7.1%€7.8m▲ 19.1%
Operating result-€0.7m--€0.9m▼ 33.3%-€0.3m▲ 71.6%-€0.5m▼ 87.2%-€0.6m▼ 38.0%€0.1m€0.1m▲ 37.7%€0.5m▲ 270%
Net result-€0.7m--€0.9m▼ 32.4%-€0.3mbelow the sector's middle half▲ 69.4%-€0.5mbelow the sector's middle half▼ 79.7%-€0.7mbelow the sector's middle half▼ 31.9%€0.1mwithin the sector's middle half€0.2mwithin the sector's middle half▲ 36.7%€0.5mabove the sector's middle half▲ 158%
EBIT margin-10.6%--14.9%▼ 4.3pp-4.7%▲ 10.1pp-8.0%▼ 3.2pp-10.6%▼ 2.7pp1.6%▲ 12.2pp2.0%▲ 0.4pp6.2%▲ 4.2pp
Equity€1.4m-€0.5m▼ 65.6%€0.2mwithin the sector's middle half▼ 58.5%-€0.3mbelow the sector's middle half€1.0mwithin the sector's middle half€1.2mwithin the sector's middle half▲ 12.7%€1.4mwithin the sector's middle half▲ 15.5%€1.8mwithin the sector's middle half▲ 34.5%
Total assets€4.0m-€3.5m▼ 13.0%€3.7mwithin the sector's middle half▲ 5.3%€2.7mwithin the sector's middle half▼ 25.6%€3.0mwithin the sector's middle half▲ 10.5%€3.0mwithin the sector's middle half▼ 1.2%€3.1mwithin the sector's middle half▲ 2.0%€5.5mwithin the sector's middle half▲ 80.0%
Debt€2.6m-€3.0m▲ 14.6%€3.5m▲ 15.3%€3.0m▼ 12.8%€2.0m▼ 34.6%€1.8m▼ 8.5%€1.7m▼ 6.6%€3.7m▲ 116%
Working capital-€1.9m--€1.8m▲ 7.7%-€1.5mbelow the sector's middle half▲ 12.7%-€1.1mbelow the sector's middle half▲ 25.7%€0.6mwithin the sector's middle half€1.2mabove the sector's middle half▲ 94.2%€1.6mabove the sector's middle half▲ 25.7%€1.7mabove the sector's middle half▲ 9.5%
Solvency34.3%-13.6%▼ 20.8pp5.3%below the sector's middle half▼ 8.2pp-11.0%below the sector's middle half▼ 16.4pp34.3%within the sector's middle half▲ 45.3pp39.1%within the sector's middle half▲ 4.8pp44.2%within the sector's middle half▲ 5.1pp33.1%within the sector's middle half▼ 11.2pp
Current ratio0.28-0.32▲ 0.040.30below the sector's middle half▼ 0.010.39below the sector's middle half▲ 0.081.69within the sector's middle half▲ 1.302.35above the sector's middle half▲ 0.662.83above the sector's middle half▲ 0.482.51above the sector's middle half▼ 0.32
Return on assets (ROA)-17.0%--25.9%▼ 8.9pp-7.5%below the sector's middle half▲ 18.4pp-18.2%below the sector's middle half▼ 10.7pp-21.7%below the sector's middle half▼ 3.5pp4.4%within the sector's middle half▲ 26.1pp5.9%within the sector's middle half▲ 1.5pp8.5%above the sector's middle half▲ 2.6pp
Staff (FTE)87.8-87.4▼ 0.5%98.4above the sector's middle half▲ 12.6%83.4above the sector's middle half▼ 15.2%78.2above the sector's middle half▼ 6.2%70.4above the sector's middle half▼ 10.0%61.1above the sector's middle half▼ 13.2%78.2above the sector's middle half▲ 28.0%
above within below The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.5m
Fixed assets €2.6m ▲ 322%
Current assets €2.9m ▲ 17.7%
Equity and liabilities €5.5m
Equity €1.8m ▲ 34.5%
Debt €3.7m ▲ 116%
Debt's share of the balance-sheet total rises from 55.8% to 66.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€910,744▲
2024 · €614,310
Cash flow
€894,202▲
2024 · €664,489
Debt to equity
2.02▲
2024 · 1.26
ROE
25.7%▲
2024 · 13.4%
Interest coverage
17.15▼
2024 · 97.78
Debt ≤ 1 year
€1.1m▲
2024 · €858,923
Debt > 1 year
€2.5m▲
2024 · €740,392
Income taxes
€222
Customer credit
40 days▲
2024 · 33 days
Supplier credit
24 days▼
2024 · 37 days
Staff costs
€4.1m▲
2024 · €3.3m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as Trimi: non-scheduled passenger transport by road (NACE 49320). They are comparable in size and age: total assets between €2.2m and €23m, founded between 1976 and 1989.

CompanyFoundedTotal assetsEquityTurnoverNet resultFTEFinancial year
Trimi Edegem1992€5.5m€1.8m€7.8m€0.5m78.22025
Autocars et Autobus TOUSSAINT Beauraing1985€7.4m€1.9m€7.5m-€0.2m53.52025
Sylvae Tours Herzele1976€13.0m€3.0m€9.4m€0.2m65.32025
ROMAN Tournai1984€2.2m€1.2m€6.8m-€0.2m55.52025
B. & C. Turnhout1989€22.8m€3.2m€14.0m€0.1m107.52025
Autobus- en Autocarbedrijf Reizen De Valk Heusden-Zolder1984€10.4m€4.4m€5.4m€0.2m42.12025
De Hauwere Lebbeke1984€17.6m€7.8m€13.0m€2.8m85.82025

They were chosen from the 797 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 1,579 companies had the same profile as Trimi has now. Two years later, 0.1% had gone bankrupt and 96.7% were still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.1% went bankrupt
3.2% stopped otherwise
96.7% was still going

That fits the bankruptcy probability of Trimi itself: 0.3% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 1,579 companies, not a prediction for Trimi. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Subsidies and aid

Flemish government

2022 · 1 entry · €746 awarded · €746 paid
Schemes
1 entry · €746 · €746 paid · Departement Werk en Sociale Economie

Public contracts

3 awards · 2025 to 2026
Raamovereenkomst voor busritten in kader van havenrondritten en seminaries voor APEC: Busritten in kader van standaard opleidingen
buyer: Antwerp/Flanders Port Training Center vzwTransport servicesawarded 22-01-2026€16,2395 tendersTED 69761-2026
Raamovereenkomst voor busritten in kader van havenrondritten en seminaries voor APEC: Busritten in kader van maatwerkopleidingen
buyer: Antwerp/Flanders Port Training Center vzwTransport servicesawarded 20-01-2026€162,0335 tendersTED 69761-2026
Busvervoer op dagelijkse basis voor leerlingen op grondgebied Lier: Dagelijks vervoer van leerlingen - avondrit
buyer: Stadsbestuur LierTransport servicesawarded 26-05-2025€235,6202 tendersTED 347187-2025

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 68 lines

Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.

Balance sheet Code20242025
Assets
Total assets20/58€3.1m€5.5m▲
Fixed assets21/28€0.6m€2.6m▲
Tangible fixed assets22/27€0.6m€2.6m▲
Plant, machinery and equipment23€0.01m€0.006m▼
Furniture and vehicles24€0.2m€0.2m▲
Leasing and similar rights25€0.5m€2.5m▲
Financial fixed assets28€0.002m€0.002m=
Other financial fixed assets284/8€0.002m€0.002m=
Amounts receivable and cash guarantees285/8€0.002m€0.002m=
Current assets29/58€2.4m€2.9m▲
Amounts receivable within one year40/41€2.4m€2.8m▲
Trade receivables40€0.6m€0.9m▲
Other amounts receivable41€1.8m€2.0m▲
Cash at bank and in hand54/58€0.001m€1▼
Deferred charges and accrued income490/1€0.02m€0.03m▲
Equity and liabilities
Total equity and liabilities10/49€3.1m€5.5m▲
Equity10/15€1.4m€1.8m▲
Contributions10/11€2.4m€2.4m=
Capital10€2.4m€2.4m=
Issued capital100€2.4m€2.4m=
Reserves13€0.5m€0.5m▲
Non-distributable reserves130/1€0.04m€0.04m=
Legal reserve130€0.04m€0.04m=
Tax-exempt reserves132€0.5m€0.5m▲
Profit (loss) carried forward14-€1.5m-€1.0m▲
Amounts payable17/49€1.7m€3.7m▲
Amounts payable after more than one year17€0.7m€2.5m▲
Financial debts170/4€0.7m€2.5m▲
Leasing and similar obligations172€0.7m€2.5m▲
Amounts payable within one year42/48€0.9m€1.1m▲
Current portion of amounts payable after more than one year42€0.3m€0.5m▲
Trade debts44€0.2m€0.1m▼
Suppliers440/4€0.2m€0.1m▼
Taxes, remuneration and social security45€0.4m€0.6m▲
Taxes450/3€0.04m€0.04m▲
Remuneration and social security454/9€0.4m€0.5m▲
Accrued charges and deferred income492/3€0.1m€0.05m▼
Income statement Code20242025
Operating income70/76A€6.7m€7.9m▲
Turnover70€6.5m€7.8m▲
Other operating income74€0.1m€0.2m▲
Non-recurring operating income76A€0.07m€0.006m▼
Operating charges60/66A€6.6m€7.5m▲
Goods for resale, raw materials and consumables60€1.6m€1.7m▲
Purchases600/8€1.6m€1.7m▲
Services and other goods61€1.3m€1.2m▼
Remuneration, social security and pensions62€3.3m€4.1m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.5m€0.4m▼
Other operating charges640/8€0.007m€0.01m▲
Non-recurring operating charges66A€0.001m-
Operating profit (loss)9901€0.1m€0.5m▲
Financial income75/76B€0.07m€0.05m▼
Recurring financial income75€0.07m€0.05m▼
Income from current assets751€0.05m€0.04m▼
Other financial income752/9€0.02m€0.01m▼
Financial charges65/66B€0.02m€0.07m▲
Recurring financial charges65€0.02m€0.07m▲
Debt charges650€0.006m€0.05m▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€15
Other financial charges652/9€0.01m€0.01m▼
Profit (loss) for the period before taxes9903€0.2m€0.5m▲
Income taxes67/77-€222
Taxes670/3-€222
Profit (loss) for the period9904€0.2m€0.5m▲
Transfer to tax-exempt reserves689€0.02m€0.002m▼
Profit (loss) for the period to be appropriated9905€0.2m€0.5m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1.5m-€1.0m▲
Profit (loss) brought forward from the previous period14P-€1.7m-€1.5m▲
Social balance sheet
Average headcount (FTE)908761.178.2▲

The notes to these accounts have 59 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Operating income70/76A€6.5m€6.2m-€6.2m€6.5m€6.6m€6.7m€7.9m▲ 18.1%
Turnover70€6.2m€5.9m€5.3m€5.9m€6.1m€6.1m€6.5m€7.8m▲ 19.1%
Other operating income74€0.2m€0.2m-€0.2m€0.2m€0.2m€0.1m€0.2m▲ 27.0%
Non-recurring operating income76A€0.08m€0.03m-€0.2m€0.2m€0.3m€0.07m€0.006m▼ 91.8%
Operating charges60/66A€7.2m€7.0m-€6.7m€7.1m€6.5m€6.6m€7.5m▲ 13.1%
Goods for resale, raw materials and consumables60€0.8m€0.8m-€1.5m€1.9m€1.4m€1.6m€1.7m▲ 11.0%
Purchases600/8€0.8m€0.8m-€1.5m€1.9m€1.4m€1.6m€1.7m▲ 11.0%
Services and other goods61€1.5m€1.7m-€1.1m€1.4m€1.3m€1.3m€1.2m▼ 5.1%
Remuneration, social security and pensions62€3.5m€3.3m-€3.0m€3.0m€3.1m€3.3m€4.1m▲ 24.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.3m€1.3m€1.2m€1.1m€0.8m€0.7m€0.5m€0.4m▼ 11.6%
Other operating charges640/8€0.03m€0.02m-€0.008m€0.01m€0.02m€0.007m€0.01m▲ 105%
Non-recurring operating charges66A€0.06m-----€0.001m--
Operating profit (loss)9901-€0.7m-€0.9m-€0.3m-€0.5m-€0.6m€0.1m€0.1m€0.5m▲ 270%
Financial income75/76B-€184--€0.01m€0.06m€0.07m€0.05m▼ 28.8%
Recurring financial income75-€184€4-€0.01m€0.06m€0.07m€0.05m▼ 28.8%
Income from current assets751----€0.001m€0.03m€0.05m€0.04m▼ 24.1%
Other financial income752/9-€184--€0.01m€0.03m€0.02m€0.01m▼ 40.1%
Financial charges65/66B€0.02m€0.03m-€0.03m€0.03m€0.02m€0.02m€0.07m▲ 220%
Recurring financial charges65€0.02m€0.03m€0.03m€0.03m€0.03m€0.02m€0.02m€0.07m▲ 220%
Debt charges650€0.007m€0.03m€0.03m€0.004m€0.008m€0.006m€0.006m€0.05m▲ 745%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-------€15-
Other financial charges652/9€0.02m--€0.03m€0.02m€0.02m€0.01m€0.01m▼ 5.8%
Profit (loss) for the period before taxes9903-€0.7m-€0.9m-€0.3m-€0.5m-€0.7m€0.1m€0.2m€0.5m▲ 158%
Income taxes67/77-------€222-
Taxes670/3-------€222-
Profit (loss) for the period9904-€0.7m-€0.9m-€0.3m-€0.5m-€0.7m€0.1m€0.2m€0.5m▲ 158%
Transfer to tax-exempt reserves689€0.03m€0.02m-€0.02m€0.09m€0.09m€0.02m€0.002m▼ 91.6%
Profit (loss) for the period to be appropriated9905-€0.7m-€0.9m-€0.3m-€0.5m-€0.7m€0.04m€0.2m€0.5m▲ 196%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€4.0m€3.5m€3.7m€2.7m€3.0m€3.0m€3.1m€5.5m▲ 80.0%
Fixed assets21/28€3.3m€2.7m€3.0m€2.0m€1.5m€0.8m€0.6m€2.6m▲ 322%
Tangible fixed assets22/27€3.3m€2.7m€3.0m€2.0m€1.5m€0.8m€0.6m€2.6m▲ 323%
Plant, machinery and equipment23----€0.02m€0.02m€0.01m€0.006m▼ 45.1%
Furniture and vehicles24€3.3m€2.2m-€0.9m€0.6m€0.3m€0.2m€0.2m▲ 11.5%
Leasing and similar rights25-€0.5m-€1.1m€0.9m€0.5m€0.5m€2.5m▲ 433%
Financial fixed assets28€0.003m€0.003m€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m=
Other financial fixed assets284/8€0.003m€0.003m-€0.002m€0.002m€0.002m€0.002m€0.002m=
Amounts receivable and cash guarantees285/8€0.003m€0.003m-€0.002m€0.002m€0.002m€0.002m€0.002m=
Current assets29/58€0.7m€0.8m€0.7m€0.7m€1.6m€2.2m€2.4m€2.9m▲ 17.7%
Amounts receivable within one year40/41€0.7m€0.8m€0.7m€0.7m€1.4m€2.1m€2.4m€2.8m▲ 17.3%
Trade receivables40€0.6m€0.7m-€0.6m€0.9m€0.7m€0.6m€0.9m▲ 42.9%
Other amounts receivable41€0.08m€0.1m-€0.05m€0.6m€1.5m€1.8m€2.0m▲ 8.9%
Cash at bank and in hand54/58€0.006m€0.001m€0.001m€331€24€218€0.001m€1▼ 99.9%
Deferred charges and accrued income490/1€0.009m€0.01m-€0.07m€0.1m€0.05m€0.02m€0.03m▲ 79.2%
Equity and liabilities
Total equity and liabilities10/49€4.0m€3.5m€3.7m€2.7m€3.0m€3.0m€3.1m€5.5m▲ 80.0%
Equity10/15€1.4m€0.5m€0.2m-€0.3m€1.0m€1.2m€1.4m€1.8m▲ 34.5%
Contributions10/11€0.4m€0.4m€0.4m€0.4m€2.4m€2.4m€2.4m€2.4m=
Capital10€0.4m€0.4m-€0.4m€2.4m€2.4m€2.4m€2.4m=
Issued capital100€0.4m€0.4m-€0.4m€2.4m€2.4m€2.4m€2.4m=
Reserves13€1.0m€1.0m€0.3m€0.3m€0.4m€0.5m€0.5m€0.5m▲ 0.4%
Non-distributable reserves130/1---€0.04m€0.04m€0.04m€0.04m€0.04m=
Legal reserve130€0.04m€0.04m-€0.04m€0.04m€0.04m€0.04m€0.04m=
Tax-exempt reserves132€0.2m€0.2m-€0.3m€0.3m€0.4m€0.5m€0.5m▲ 0.4%
Distributable reserves133€0.8m€0.8m-------
Profit (loss) carried forward14€0.003m-€0.9m-€0.4m-€1.0m-€1.7m-€1.7m-€1.5m-€1.0m▲ 30.8%
Amounts payable17/49€2.6m€3.0m€3.5m€3.0m€2.0m€1.8m€1.7m€3.7m▲ 116%
Amounts payable after more than one year17-€0.4m€1.3m€1.1m€1.0m€0.7m€0.7m€2.5m▲ 237%
Financial debts170/4-€0.4m-€1.1m€1.0m€0.7m€0.7m€2.5m▲ 237%
Leasing and similar obligations172-€0.4m-€1.1m€1.0m€0.7m€0.7m€2.5m▲ 237%
Amounts payable within one year42/48€2.6m€2.6m€2.2m€1.9m€0.9m€0.9m€0.9m€1.1m▲ 32.6%
Current portion of amounts payable after more than one year42-€0.07m-€0.2m€0.2m€0.2m€0.3m€0.5m▲ 81.4%
Trade debts44€0.2m€0.2m€0.2m€0.2m€0.1m€0.1m€0.2m€0.1m▼ 27.3%
Suppliers440/4€0.2m€0.2m-€0.2m€0.1m€0.1m€0.2m€0.1m▼ 27.3%
Taxes, remuneration and social security45€0.6m€0.5m-€0.5m€0.6m€0.6m€0.4m€0.6m▲ 25.7%
Taxes450/3€0.05m€0.05m-€0.04m€0.009m€0.04m€0.04m€0.04m▲ 15.8%
Remuneration and social security454/9€0.5m€0.5m-€0.5m€0.6m€0.5m€0.4m€0.5m▲ 26.6%
Other amounts payable47/48€1.9m€1.8m-€0.9m-----
Accrued charges and deferred income492/3€0.004m€0.01m-€0.05m€0.09m€0.2m€0.1m€0.05m▼ 50.3%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€0.7m-€0.9m-€0.3m-€0.5m-€0.7m€0.1m€0.2m€0.5m▲ 158%
+ Depreciation and write-downs630€1.3m€1.3m€1.2m€1.1m€0.8m€0.7m€0.5m€0.4m▼ 11.6%
Operating cash flow (approximation)€0.6m€0.3m€0.9m€0.6m€0.2m€0.8m€0.7m€0.9m▲ 34.6%
Investment in fixed assets (approximation)--€0.6m-€1.5m-€0.09m-€0.3m-€0.04m-€0.3m-€2.4m▼ 736%
Change in cash--€0.005m-€44-€455-€307€194€418-€0.001m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 34 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 29-06-2026 2026-00215933 NBB
31-12-2024 full format 27-06-2025 2025-00187999 PDF
31-12-2023 full format 12-06-2024 2024-00131319 PDF
31-12-2022 full format 15-06-2023 2023-00132417 PDF
31-12-2021 full format 22-06-2022 2022-20127569 PDF
31-12-2020 full format 07-07-2021 2021-33100176 PDF
31-12-2019 full format 25-06-2020 2020-21100056 PDF
31-12-2018 full format 22-08-2019 2019-49000091 PDF
31-12-2017 full format 26-06-2018 2018-24100594 PDF
31-12-2016 full format 30-06-2017 2017-27500468 PDF

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