W2GO (0873.698.992): financials and annual accounts

W2GO

Ghent ·KBO/BCE: BE 0873.698.992

Line	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`	560,627	480,399	491,586	555,339	534,400	570,754	613,562	669,407	628,886	595,069	602,160	758,767	954,716	1.1m	1.1m	1.2m	1.3m	637,292	474,255
Fixed assets`21/28`	199,652	85,977	105,306	126,584	160,028	199,068	242,726	211,808	243,342	276,468	276,643	303,908	331,819	354,061	377,368	382,556	526,917	443,464	224,583
Tangible fixed assets`22/27`	199,652	85,977	105,306	126,584	160,028	199,068	242,726	211,808	243,342	276,463	276,438	303,703	331,614	353,856	377,163	382,351	404,420	278,267	51,583
Land and buildings`22`	49,387	71,526	93,666	108,385	129,559	149,746	170,358	190,971	211,583	232,196	252,808	273,421	294,034	314,647	335,259	355,871	376,484	272,779	-
Plant, machinery and equipment`23`	8,563	2,282	647	755	1,023	1,534	2,045	-	-	-	-	-	-	-	-	29	1,095	5,488	8,089
Furniture and vehicles`24`	141,702	12,169	10,993	17,445	28,921	43,205	59,889	14,374	19,609	26,430	105	1,070	2,681	3,872	2,278	688	1,032	-	43,494
Other tangible fixed assets`26`	-	-	-	-	525	4,583	10,434	6,463	12,150	17,837	23,525	29,212	34,899	35,337	39,626	25,763	25,809	-	-
Financial fixed assets`28`	-	-	-	-	-	-	-	-	-	5	205	205	205	205	205	205	122,497	165,197	173,000
Current assets`29/58`	360,975	394,422	386,281	428,755	374,371	371,686	370,835	457,599	385,544	318,601	325,517	454,859	622,897	728,484	695,642	767,830	822,494	193,828	249,672
Amounts receivable within one year`40/41`	21,476	10,804	29,853	18,850	8,331	9,738	23,157	23,061	19,459	23,915	27,406	22,546	8,470	8,805	13,870	34,512	56,135	133,899	134,582
Trade receivables`40`	21,476	10,804	29,853	17,604	8,331	9,738	19,701	23,061	19,459	21,110	27,403	20,026	8,470	8,776	9,532	29,101	21,088	76,314	64,577
Other amounts receivable`41`	-	-	-	1,246	-	-	3,457	-	-	2,805	3	2,520	-	29	4,338	5,411	35,047	57,585	70,005
Current investments`50/53`	271,978	271,978	271,978	271,978	271,978	271,978	256,890	269,457	260,956	252,896	-	-	-	-	587,360	585,992	700,288	-	-
Cash at bank and in hand`54/58`	64,984	108,671	82,044	137,612	93,525	87,689	88,210	164,534	103,106	41,085	296,194	431,705	609,603	716,772	92,849	145,769	65,892	59,929	111,750
Deferred charges and accrued income`490/1`	2,537	2,969	2,406	315	538	2,281	2,578	547	2,023	705	1,917	608	4,824	2,907	1,563	1,558	179	-	3,340
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	560,627	480,399	491,586	555,339	534,400	570,754	613,562	669,407	628,886	595,069	602,160	758,767	954,716	1.1m	1.1m	1.2m	1.3m	637,292	474,255
Equity`10/15`	273,196	278,933	271,082	273,238	240,545	256,454	240,850	605,394	562,582	537,046	556,443	565,080	668,787	719,432	718,979	738,539	751,241	146,282	258,386
Contributions`10/11`	62,000	62,000	62,000	62,000	62,000	62,000	62,000	462,000	462,000	462,000	462,000	462,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
Issued capital`100`	-	-	-	-	-	62,000	62,000	462,000	462,000	462,000	462,000	462,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
Reserves`13`	216,933	216,933	211,238	211,238	178,545	194,454	178,850	118,820	76,008	10,472	10,472	10,472	10,472	9,715	9,715	9,715	9,715	9,715	9,715
Non-distributable reserves`130/1`	46,200	46,200	46,200	46,200	46,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	46,200	46,200	46,200	46,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Reserves not available under the articles`1311`	46,200	46,200	46,200	46,200	46,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	3,515	3,515	3,515	3,515	3,515	3,515	3,515	3,515	3,515	3,515	3,515	3,515	3,515	3,515	3,515	3,515	3,515	3,515	3,515
Distributable reserves`133`	167,218	167,218	161,523	161,523	128,829	144,738	129,135	69,105	26,293	757	757	757	757	-	-	-	-	-	-
Profit (loss) carried forward`14`	-5,738	-	-2,156	-	-	-	-	24,574	24,574	64,574	83,971	92,608	596,315	647,717	647,263	666,824	679,526	74,567	186,671
Amounts payable`17/49`	287,431	201,466	220,504	282,101	293,855	314,300	372,712	64,013	66,304	58,023	45,717	193,687	285,929	363,113	354,031	411,847	598,170	491,010	215,869
Amounts payable after more than one year`17`	-	-	-	-	15,357	30,590	-	-	-	-	-	-	-	-	294,003	308,998	323,414	218,468	-
Financial debts`170/4`	-	-	-	-	15,357	30,590	-	-	-	-	-	-	-	-	294,003	308,998	323,414	218,468	-
Amounts payable within one year`42/48`	287,431	201,466	220,504	282,101	278,498	283,687	365,142	61,811	63,711	55,891	40,721	181,966	271,443	350,895	50,040	92,861	264,741	267,751	211,954
Current portion of amounts payable after more than one year`42`	-	-	-	15,357	15,233	15,110	-	-	-	-	-	-	-	-	14,995	14,416	13,001	16,239	-
Trade debts`44`	4,190	1,689	1,711	-	1,465	7,046	3,023	3,290	3,197	5,639	728	7,121	7,719	13,212	21,409	44,905	46,746	133,537	12,727
Suppliers`440/4`	4,190	1,689	1,711	-	1,465	7,046	3,023	3,290	3,197	5,639	728	7,121	7,719	13,212	21,409	44,905	46,746	133,537	12,727
Taxes, remuneration and social security`45`	9,014	12,124	9,760	6,017	2,822	2,021	8,598	11,396	2,482	1,356	2,285	1,117	3,792	73	220	33,540	50,907	68,418	57,130
Taxes`450/3`	9,014	12,124	9,760	6,017	2,822	2,021	8,598	11,396	2,482	1,356	2,285	1,117	3,792	73	220	33,540	50,907	68,418	57,130
Other amounts payable`47/48`	274,228	187,652	209,033	260,727	258,978	259,509	353,521	47,125	58,032	48,896	37,708	173,728	259,932	337,610	13,416	-	154,087	49,557	142,097
Accrued charges and deferred income`492/3`	-	-	-	-	-	24	7,570	2,202	2,593	2,132	4,996	11,721	14,486	12,218	9,988	9,988	10,015	4,791	3,915
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60,445	542,540	79,937	-
Gross operating margin`9900`	49,546	46,809	48,436	73,637	24,146	49,581	106,229	83,726	54,412	24,212	25,797	-16,816	343	45,979	18,191	-37,900	115,047	29,702	212,068
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	-	-	-	-	-	266	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	52,030	26,517	37,247	37,741	40,179	48,288	47,354	33,517	33,121	33,225	27,265	27,911	27,910	27,625	26,705	25,203	13,063	35,827	19,053
Other operating charges`640/8`	3,257	2,347	3,744	2,231	2,072	2,158	2,287	2,180	2,228	2,474	2,109	2,146	8,197	4,095	1,276	2,004	8	564	32,841
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	173,294	-
Operating profit (loss)`9901`	-5,741	17,945	7,445	33,665	-18,105	-865	56,588	48,029	19,063	-11,487	-3,577	-46,873	-36,030	14,259	-9,791	-65,107	101,976	-6,689	160,174
Financial income`75/76B`	6	4,712	2,787	3,027	2,796	4,064	2,894	2,792	4,012	4,108	214	82	415	2,158	1,558	5,652	22,947	314	249
Recurring financial income`75`	6	4,712	2,787	3,027	2,796	4,064	2,894	2,792	4,012	4,108	214	82	415	2,158	1,558	5,652	22,947	314	249
Financial charges`65/66B`	143	10,966	12,248	464	599	-14,266	20,265	3,454	-5,137	12,018	5,274	12,096	15,492	15,963	10,554	13,692	21,494	12,372	12,298
Recurring financial charges`65`	143	10,966	12,248	464	599	-14,266	20,265	3,454	-5,137	12,018	5,274	12,096	15,492	15,963	10,554	13,692	21,494	12,372	12,298
Profit (loss) for the period before taxes`9903`	-5,877	11,690	-2,016	36,228	-15,909	17,465	39,217	47,367	28,212	-19,397	-8,637	-58,887	-51,107	454	-18,788	-12,702	645,969	-112,104	148,125
Income taxes`67/77`	-140	3,839	140	3,535	-	1,861	3,761	4,555	2,676	-	-	376	295	-	773	-	41,010	-	49,702
Profit (loss) for the period`9904`	-5,738	7,851	-2,156	32,693	-15,909	15,604	35,455	42,812	25,536	-19,397	-8,637	-59,263	-51,402	454	-19,561	-12,702	604,959	-112,104	98,423
Profit (loss) for the period to be appropriated`9905`	-5,738	7,851	-2,156	32,693	-15,909	15,604	35,455	42,812	25,536	-19,397	-8,637	-59,263	-51,402	454	-19,561	-12,702	604,959	-112,104	98,423
Appropriation of the result
Profit (loss) to be appropriated`9906`	-5,738	5,695	-2,156	32,693	-15,909	15,604	60,030	67,386	90,110	64,574	83,971	537,052	596,315	647,717	647,263	666,824	679,526	74,567	188,149
Profit (loss) brought forward from the previous period`14P`	-	-2,156	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	15,909	-	-	-	-	-	-	444,444	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	5,695	-	32,693	-	15,604	60,030	42,812	65,536	-	-	444,444	-	-	-	-	-	-	1,478
To the legal reserve`6920`	-	-	-	-	-	-	-	-	40,000	-	-	-	-	-	-	-	-	-	1,478
To other reserves`6921`	-	5,695	-	32,693	-	15,604	60,030	42,812	25,536	-	-	444,444	-	-	-	-	-	-	-
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	-	-	444,444	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	-	-	-	-	444,444	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2024	micro format	30-09-2025	2025-00534697	PDF
31-12-2023	micro format	29-09-2024	2024-00499851	PDF
31-12-2022	micro format	31-08-2023	2023-00442096	PDF
31-12-2021	micro format	26-10-2022	2022-20476825	PDF
31-12-2020	micro format	30-09-2021	2021-71300138	PDF
31-12-2019	micro format	02-10-2020	2020-58400121	PDF
31-12-2018	micro format	26-08-2019	2019-51500239	PDF
31-12-2017	micro format	31-08-2018	2018-59500599	PDF
31-12-2016	micro format	29-08-2017	2017-53700275	PDF
31-12-2015	abbreviated format	18-08-2016	2016-44000529	PDF
31-12-2014	abbreviated format	29-08-2015	2015-53700315	PDF
31-12-2013	abbreviated format	29-08-2014	2014-52200172	PDF
31-12-2012	abbreviated format	30-08-2013	2013-54400336	PDF
31-12-2011	abbreviated format	30-08-2012	2012-51400575	PDF
31-12-2010	abbreviated format	31-08-2011	2011-51100060	PDF
31-12-2009	abbreviated format	29-09-2010	2010-56000579	PDF
31-12-2008	abbreviated format	28-08-2009	2009-73000131	PDF
31-12-2007	abbreviated format	30-08-2008	2008-70300243	PDF
31-12-2006	abbreviated format	30-08-2007	2007-69200335	PDF
31-12-2005	abbreviated format	31-08-2006	2006-76405073	PDF

Line	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	46,289	44,461	44,691	71,406	22,073	47,423	103,942	81,546	52,184	21,738	23,688	-18,962	-8,120	41,884	16,915	-39,904	115,039	29,138	179,227
Cash flow	46,292	34,368	35,091	70,434	24,270	63,892	82,810	76,329	58,657	13,828	18,628	-31,352	-23,492	28,079	7,145	12,501	618,022	-76,277	117,476
Investment in fixed assets (approximation)	165,705	7,188	15,968	4,297	1,139	4,630	78,272	1,983	-5	33,250	0	0	5,668	4,318	21,517	3,140	218,385	484,705	241,281
Change in cash	-43,687	26,628	-55,568	44,087	5,836	-521	-76,324	61,428	62,021	-255,109	-135,511	-177,898	-107,169	623,923	-52,919	79,877	5,963	-51,821	-
Working capital	73,543	192,957	165,776	146,653	95,873	88,000	5,694	395,788	321,833	262,710	284,796	272,893	351,454	377,589	645,602	674,969	557,753	-73,923	37,718
Solvency	48.7%	58.1%	55.1%	49.2%	45.0%	44.9%	39.3%	90.4%	89.5%	90.2%	92.4%	74.5%	70.1%	66.5%	67.0%	64.2%	55.7%	23.0%	54.5%
Current ratio	1.26	1.96	1.75	1.52	1.34	1.31	1.02	7.40	6.05	5.70	7.99	2.50	2.29	2.08	13.90	8.27	3.11	0.72	1.18
Debt to equity	1.05	0.72	0.81	1.03	1.22	1.23	1.55	0.11	0.12	0.11	0.08	0.34	0.43	0.50	0.49	0.56	0.80	3.36	0.84
ROE	-2.1%	2.8%	-0.8%	12.0%	-6.6%	6.1%	14.7%	7.1%	4.5%	-3.6%	-1.6%	-10.5%	-7.7%	0.1%	-2.7%	-1.7%	80.5%	-76.6%	38.1%
ROA	-1.0%	1.6%	-0.4%	5.9%	-3.0%	2.7%	5.8%	6.4%	4.1%	-3.3%	-1.4%	-7.8%	-5.4%	0.0%	-1.8%	-1.1%	44.8%	-17.6%	20.8%
Interest coverage	over 100	4.05	3.65	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2024	2023	2022	2021
Tangible fixed assets	€165,705	€7,188	€15,968	€4,297
Depreciation and write-downs of the year	€52,030	€26,517	€37,247	€37,741

W2GO

Annual accounts 2024

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency48.7%

Current ratio1.26

Return on assets-1.0%

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2025, 1 entry, €915 awarded

Key figures and ratios

Investments

Insights on W2GO

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