WASDA (0464.383.243): financials and annual accounts

WASDA

Antwerp ·KBO/BCE: BE 0464.383.243

Line	2025	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`	144,271	148,133	156,461	162,672	167,723	198,437	204,315	212,025	217,755	226,569	232,202	168,665	188,707	220,345	208,071	339,788	367,421	839,518	785,513	528,449
Fixed assets`21/28`	137,574	142,328	149,188	156,823	162,179	193,133	198,515	205,691	212,866	220,041	192,472	145,771	49,985	52,557	55,129	3,020	-	-	-	-
Tangible fixed assets`22/27`	137,574	142,328	149,188	156,823	162,179	193,133	198,515	205,691	212,866	220,041	192,472	145,771	49,985	52,557	55,129	3,020	-	-	-	-
Land and buildings`22`	137,574	142,328	149,188	156,823	162,179	193,133	198,515	205,691	212,866	220,041	192,472	145,771	49,985	52,557	55,129	3,020	-	-	-	-
Current assets`29/58`	6,697	5,804	7,273	5,849	5,544	5,303	5,800	6,334	4,889	6,528	39,730	22,894	138,722	167,788	152,942	336,768	367,421	839,518	785,513	528,449
Stocks and contracts in progress`3`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,680	291,609	801,226	717,153	505,241
Stocks`30/36`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,680	291,609	801,226	717,153	505,241
Amounts receivable within one year`40/41`	513	528	606	376	416	636	-	-	218	139	520	514	2,768	25,585	5,489	-	1,870	107	2,715	887
Trade receivables`40`	-	-	0	26	0	175	-	-	218	139	-	-	2,450	25,250	150	-	35	-	1,716	-
Other amounts receivable`41`	513	528	606	350	416	461	-	-	-	-	520	514	318	335	5,339	-	1,835	107	999	887
Cash at bank and in hand`54/58`	6,184	5,277	6,667	5,473	5,128	4,667	5,800	6,334	4,645	6,389	39,184	22,379	135,954	142,203	147,453	323,978	73,942	38,185	65,646	22,322
Deferred charges and accrued income`490/1`	-	-	-	-	-	-	-	-	26	-	26	-	-	-	-	110	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	144,271	148,133	156,461	162,672	167,723	198,437	204,315	212,025	217,755	226,569	232,202	168,665	188,707	220,345	208,071	339,788	367,421	839,518	785,513	528,449
Equity`10/15`	45,737	46,851	50,679	39,473	44,524	21,237	25,850	30,360	34,828	43,955	58,130	72,312	87,894	86,869	67,893	92,432	106,578	119,496	103,885	149,992
Contributions`10/11`	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,315	198,315
Capital`10`	198,300	198,300	198,300	198,300	198,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,300	198,315	198,315
Profit (loss) carried forward`14`	-152,563	-151,450	-147,621	-158,828	-153,776	-177,063	-172,450	-167,940	-163,472	-154,345	-140,170	-125,988	-110,406	-111,431	-130,407	-105,868	-91,722	-78,804	-94,430	-48,323
Amounts payable`17/49`	98,534	101,282	105,782	123,199	123,199	177,199	178,464	181,665	182,926	182,614	174,072	96,352	100,813	133,475	140,178	247,356	260,843	720,021	681,628	378,457
Amounts payable within one year`42/48`	98,534	101,282	105,782	123,199	123,199	177,199	178,464	181,560	182,926	182,614	174,072	96,352	100,813	133,475	128,749	232,643	247,307	705,611	673,372	372,645
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	550,000	591,500	245,000
Trade debts`44`	103	-	-	-	-	-	-	-	-	-	45	-	-	-	2,975	-	10,827	26,917	-	50,663
Suppliers`440/4`	103	-	-	-	-	-	-	-	-	-	45	-	-	-	2,975	-	10,827	26,917	-	50,663
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	158	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	-	-	-	-	-	0	33	129	395	132	1,095	1,329	187	187	3,810	45,552	42,859	-	-	-
Taxes`450/3`	-	-	-	-	-	0	33	129	395	132	1,095	1,329	187	187	3,810	45,552	42,859	-	-	-
Other amounts payable`47/48`	98,431	101,282	105,782	123,199	123,199	177,199	178,431	181,431	182,531	182,481	172,773	95,023	100,626	133,288	121,964	187,091	193,621	128,694	81,872	76,981
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	0	105	-	-	-	-	-	-	11,429	14,712	13,536	14,410	8,256	5,813
Income statement
Non-recurring operating income`76A`	-	-	-	0	30,740	-	-	-	-	-	-	-	3,390	-	-	-	-	-	-	-
Gross operating margin`9900`	4,208	5,965	17,450	2,001	30,886	777	4,201	3,775	-1,216	-1,950	-1,154	489	971	24,713	-5,602	7,417	24,836	65,776	-10,870	-6,644
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	4,754	4,754	5,055	5,356	5,356	5,381	7,176	7,175	7,175	11,345	12,416	16,997	2,572	2,572	2,572	782	-	-	-	-
Other operating charges`640/8`	398	781	1,016	1,518	803	63	1,505	935	493	768	547	776	2,299	2,732	545	1,621	1,046	2,768	2,688	3,252
Non-recurring operating charges`66A`	0	4,061	-	0	1,339	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	-944	-3,631	11,379	-4,873	23,388	-4,667	-4,479	-4,334	-8,884	-14,063	-14,117	-17,285	-3,900	19,410	-8,718	5,014	23,789	63,008	-13,558	-9,896
Financial income`75/76B`	-	-	0	32	0	193	-	-	5	30	39	2,256	2,119	1,453	197	-	52	160	205	4
Recurring financial income`75`	-	-	0	32	0	193	-	-	5	30	39	2,256	2,119	1,453	197	-	52	160	205	4
Financial charges`65/66B`	169	198	173	211	102	139	29	134	252	138	104	234	556	1,886	16,018	19,160	36,756	47,557	32,753	7,156
Recurring financial charges`65`	169	198	173	211	102	139	29	134	252	138	104	234	556	1,886	16,018	19,160	36,756	47,557	32,753	7,156
Profit (loss) for the period before taxes`9903`	-1,113	-3,828	11,206	-5,051	23,286	-4,613	-4,509	-4,469	-9,131	-14,170	-14,182	-15,263	1,054	18,976	-24,539	-14,146	-12,915	15,611	-46,107	-17,047
Income taxes`67/77`	-	-	-	-	-	-	-	-	-4	5	-	318	30	-	-	-	3	-	-	1
Profit (loss) for the period`9904`	-1,113	-3,828	11,206	-5,051	23,286	-4,613	-4,509	-4,469	-9,127	-14,175	-14,182	-15,581	1,024	18,976	-24,539	-14,146	-12,918	15,611	-46,107	-17,048
Profit (loss) for the period to be appropriated`9905`	-1,113	-3,828	11,206	-5,051	23,286	-4,613	-4,509	-4,469	-9,127	-14,175	-14,182	-15,581	1,024	18,976	-24,539	-14,146	-12,918	15,611	-46,107	-17,048
Appropriation of the result
Profit (loss) to be appropriated`9906`	-152,563	-151,450	-147,621	-158,828	-153,776	-177,063	-172,450	-167,940	-163,472	-154,345	-140,170	-125,988	-110,406	-111,431	-130,407	-105,868	-91,722	-78,818	-94,430	-48,323
Profit (loss) brought forward from the previous period`14P`	-151,450	-147,621	-158,828	-153,776	-177,063	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	18-07-2026	2026-00308632	PDF
31-12-2024	micro format	18-07-2025	2025-00284475	PDF
31-12-2023	micro format	05-08-2024	2024-00328720	PDF
31-12-2022	micro format	04-08-2023	2023-00312685	PDF
31-12-2021	micro format	11-08-2022	2022-20283242	PDF
31-12-2020	micro format	16-07-2021	2021-36700306	PDF
31-12-2019	micro format	27-07-2020	2020-34300305	PDF
31-12-2018	micro format	26-08-2019	2019-51300124	PDF
31-12-2017	micro format	02-08-2018	2018-42900272	PDF
31-12-2016	micro format	08-08-2017	2017-41900342	PDF
31-12-2015	abbreviated format	08-08-2016	2016-41000158	PDF
31-12-2014	abbreviated format	16-09-2015	2015-58800406	PDF
31-12-2013	abbreviated format	24-07-2014	2014-34300290	PDF
31-12-2012	abbreviated format	05-07-2013	2013-27600169	PDF
31-12-2011	abbreviated format	19-07-2012	2012-31500588	PDF
31-12-2010	abbreviated format	14-07-2011	2011-29700600	PDF
31-12-2009	abbreviated format	27-05-2010	2010-13300043	PDF
31-12-2008	abbreviated format	09-06-2009	2009-20700311	PDF
31-12-2007	abbreviated format	30-05-2008	2008-17400370	PDF
31-12-2006	abbreviated format	11-06-2007	2007-20900037	PDF
31-12-2005	abbreviated format	24-05-2006	2006-16100007	PDF
31-12-2004	abbreviated format	16-06-2005	2005-25200274	PDF
31-12-2003	abbreviated format	16-06-2004	2004-24600108	PDF
31-12-2002	abbreviated format	15-07-2003	2003-41600218	PDF
31-12-2001	abbreviated format	04-12-2002	2002-75102343	PDF
31-12-2000	abbreviated format	31-10-2001	2001-67404267	PDF
31-12-1999	abbreviated format	08-09-2000	2000-55302547	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	3,810	1,123	16,434	483	28,744	714	2,696	2,840	-1,709	-2,718	-1,700	-288	-1,328	21,981	-6,147	5,796	-	-	-	-
Cash flow	3,641	926	16,261	305	28,642	768	2,667	2,706	-1,952	-2,830	-1,766	1,416	3,596	21,548	-21,968	-13,364	-	-	-	-
Investment in fixed assets (approximation)	0	-2,106	0	0	-25,599	0	0	0	0	38,914	59,117	112,783	0	0	54,680	3,802	-	-	-	-
Change in cash	907	-1,391	1,195	345	461	-1,133	-534	1,689	-1,744	-32,794	16,804	-113,574	-6,249	-5,251	-176,524	250,035	35,757	-27,461	43,324	-
Working capital	-91,837	-95,478	-98,509	-117,350	-117,655	-171,896	-172,664	-175,226	-178,037	-176,086	-134,342	-73,459	37,908	34,312	24,193	104,125	120,114	133,906	112,141	155,805
Solvency	31.7%	31.6%	32.4%	24.3%	26.5%	10.7%	12.7%	14.3%	16.0%	19.4%	25.0%	42.9%	46.6%	39.4%	32.6%	27.2%	29.0%	14.2%	13.2%	28.4%
Current ratio	0.07	0.06	0.07	0.05	0.05	0.03	0.03	0.03	0.03	0.04	0.23	0.24	1.38	1.26	1.19	1.45	1.49	1.19	1.17	1.42
Quick ratio	0.07	0.06	0.07	0.05	0.05	0.03	0.03	0.03	0.03	0.04	0.23	0.24	1.38	1.26	1.19	1.39	0.31	0.05	0.10	0.06
Debt to equity	2.15	2.16	2.09	3.12	2.77	8.34	6.90	5.98	5.25	4.15	2.99	1.33	1.15	1.54	2.06	2.68	2.45	6.03	6.56	2.52
ROE	-2.4%	-8.2%	22.1%	-12.8%	52.3%	-21.7%	-17.4%	-14.7%	-26.2%	-32.2%	-24.4%	-21.5%	1.2%	21.8%	-36.1%	-15.3%	-12.1%	13.1%	-44.4%	-11.4%
ROA	-0.8%	-2.6%	7.2%	-3.1%	13.9%	-2.3%	-2.2%	-2.1%	-4.2%	-6.3%	-6.1%	-9.2%	0.5%	8.6%	-11.8%	-4.2%	-3.5%	1.9%	-5.9%	-3.2%
Interest coverage	22.49	5.68	95.02	2.29	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	€0	-	-
Depreciation and write-downs of the year	€4,754	€4,754	€5,055	€5,356	€5,356

WASDA

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on WASDA

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