ZOSMA (0477.530.307): financials and annual accounts

ZOSMA

Forest ·KBO/BCE: BE 0477.530.307

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`	474,826	468,357	497,471	506,488	446,525	427,275	412,853	419,384	408,410	390,192	390,174	450,341	441,222	440,835	450,163	464,663	506,294	526,796	538,715	568,568
Formation expenses`20`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Fixed assets`21/28`	310,050	320,877	332,124	343,371	310,050	312,597	318,294	323,991	320,233	310,052	317,204	390,978	397,732	417,693	431,315	450,166	467,381	484,387	511,098	519,283
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Tangible fixed assets`22/27`	-	10,827	22,074	33,321	-	2,547	8,244	13,941	10,183	2	7,154	80,928	87,682	107,643	121,265	140,116	157,331	174,267	200,978	209,233
Land and buildings`22`	-	-	-	-	-	-	-	-	-	-	-	27,893	37,237	46,581	55,925	65,269	74,613	83,953	93,292	102,632
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Furniture and vehicles`24`	-	10,827	22,074	33,321	-	2,547	8,244	13,941	10,183	2	7,154	14,728	1,228	407	231	1,884	3,767	5,002	11,877	658
Other tangible fixed assets`26`	-	-	-	-	-	-	-	-	-	-	-	38,308	49,217	60,656	65,109	72,963	78,951	85,312	95,809	105,943
Assets under construction and advance payments`27`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Financial fixed assets`28`	310,050	310,050	310,050	310,050	310,050	310,050	310,050	310,050	310,050	310,050	310,050	310,050	310,050	310,050	310,050	310,050	310,050	310,120	310,120	310,050
Current assets`29/58`	164,776	147,480	165,347	163,117	136,475	114,679	94,559	95,393	88,177	80,140	72,970	59,363	43,490	23,141	18,847	14,497	38,913	42,409	27,617	49,285
Amounts receivable after more than one year`29`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Trade receivables`290`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Other amounts receivable`291`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Stocks and contracts in progress`3`	143,773	140,447	142,223	115,502	106,777	78,574	69,378	77,492	63,127	65,926	66,159	44,992	30,773	7,501	-	-	0	0	-	-
Stocks`30/36`	143,773	140,447	142,223	115,502	106,777	78,574	69,378	77,492	63,127	65,926	66,159	44,992	30,773	7,501	-	-	0	0	-	-
Contracts in progress`37`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Amounts receivable within one year`40/41`	7,612	3,537	13,861	35,374	23,305	26,191	12,683	3,040	18,122	12,296	1,815	10,758	782	13,238	11,754	9,016	26,675	10,848	8,791	44,860
Trade receivables`40`	612	3,537	12,053	32,588	15,272	20,941	12,683	-	11,362	4,081	1,815	10,654	605	8,260	6,201	7,768	22,540	8,811	6,428	37,189
Other amounts receivable`41`	7,000	-	1,808	2,786	8,033	5,250	-	3,040	6,760	8,215	-	104	177	4,979	5,553	1,248	4,135	2,038	2,363	7,671
Current investments`50/53`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Cash at bank and in hand`54/58`	13,005	3,395	9,188	12,112	6,299	9,687	12,379	14,665	6,905	1,843	3,054	1,861	11,157	1,926	6,728	4,888	11,334	30,901	18,396	4,268
Deferred charges and accrued income`490/1`	386	101	75	128	94	227	119	196	22	75	1,942	1,753	778	477	365	593	904	660	430	157
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	474,826	468,357	497,471	506,488	446,525	427,275	412,853	419,384	408,410	390,192	390,174	450,341	441,222	440,835	450,163	464,663	506,294	526,796	538,715	568,568
Equity`10/15`	101,999	116,956	152,330	159,142	150,836	149,120	151,177	151,479	132,580	131,811	131,206	206,453	206,803	207,735	210,119	212,189	221,533	30,739	29,389	25,795
Contributions`10/11`	141,850	141,850	141,850	141,850	141,850	141,850	141,850	141,850	135,650	135,650	135,650	221,650	221,650	221,650	221,650	221,650	221,650	12,400	12,400	12,400
Issued capital`100`	-	-	-	-	-	-	141,850	141,850	141,850	141,850	141,850	227,850	227,850	227,850	227,850	227,850	227,850	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	-	-	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Contributions outside capital`11`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Share premium`1100/10`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Revaluation surpluses`12`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Reserves`13`	17,227	17,227	17,227	17,227	9,327	9,327	9,327	18,574	14,074	14,074	14,074	938	938	938	938	938	938	938	871	691
Non-distributable reserves`130/1`	9,327	9,327	9,327	9,327	9,327	9,327	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Legal reserve`130`	-	-	-	-	-	-	9,327	5,438	938	938	938	938	938	938	938	938	938	938	871	691
Reserves not available under the articles`1311`	9,327	9,327	9,327	9,327	9,327	9,327	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Own shares acquired`1312`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Other`1319`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Tax-exempt reserves`132`	-	-	-	-	-	-	-	13,136	13,136	13,136	13,136	-	-	-	-	-	0	0	-	-
Distributable reserves`133`	7,900	7,900	7,900	7,900	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Profit (loss) carried forward`14`	-57,078	-42,121	-6,747	66	-341	-2,057	-	-8,944	-17,144	-17,913	-18,518	-16,135	-15,785	-14,853	-12,469	-10,399	-1,056	17,401	16,118	12,704
Investment grants`15`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Advance to shareholders on the distribution of net assets`19`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	6,764	6,764	6,764	6,764	-	-	-	-	-	0	0	-	-
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Deferred taxes`168`	-	-	-	-	-	-	-	6,764	6,764	6,764	6,764	-	-	-	-	-	0	0	-	-
Amounts payable`17/49`	372,827	351,401	345,141	347,346	295,690	278,156	261,676	261,141	269,066	251,617	252,205	243,888	234,419	233,100	240,044	252,474	284,761	496,057	509,326	542,773
Amounts payable after more than one year`17`	337,717	330,212	319,947	264,848	233,157	225,823	1,887	5,098	8,277	4,608	10,005	15,260	-	-	2,555	12,446	21,830	30,734	39,181	47,194
Financial debts`170/4`	-	7,360	14,404	21,147	-	-	1,887	5,098	8,277	4,608	10,005	15,260	-	-	2,555	12,446	21,830	30,734	39,181	47,194
Trade debts`175`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Advances received on contracts in progress`176`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Other amounts payable`178/9`	337,717	322,852	305,543	243,702	233,157	225,823	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Amounts payable within one year`42/48`	35,110	21,189	25,194	82,497	62,532	52,332	259,789	256,043	237,789	221,769	209,200	226,627	224,812	233,100	237,489	239,204	262,931	465,323	470,145	495,579
Current portion of amounts payable after more than one year`42`	7,360	7,044	6,742	8,088	1,214	4,887	3,211	11,179	7,756	5,397	5,256	5,072	-	3,894	11,227	10,718	10,237	9,780	9,347	8,937
Financial debts`43`	-	-	-	2,139	-	2,990	1,601	-	-	-	-	-	-	-	-	-	0	0	-	-
Credit institutions`430/8`	-	-	-	2,139	-	2,990	1,601	-	-	-	-	-	-	-	-	-	0	0	-	-
Other loans`439`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Trade debts`44`	2,202	3,407	2,412	52,104	42,456	25,416	21,415	26,979	9,860	13,092	4,970	5,894	10,314	5,041	3,018	5,151	4,285	2,367	7,013	2,839
Suppliers`440/4`	2,202	3,407	2,412	52,104	42,456	25,416	21,415	26,979	9,860	13,092	4,970	5,894	10,314	5,041	3,018	5,151	4,285	2,367	7,013	2,839
Bills of exchange payable`441`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Taxes, remuneration and social security`45`	25,548	10,738	16,040	20,166	18,862	19,039	16,371	7	6,927	7,695	9,068	10,826	7,060	3,323	2,234	2,494	27,567	1,748	2,968	13,586
Taxes`450/3`	23,144	9,650	14,497	20,166	14,250	19,039	16,371	7	6,927	7,695	9,068	7,672	3,320	1,721	2,234	1,925	26,429	1,748	968	855
Remuneration and social security`454/9`	2,404	1,088	1,543	-	4,613	-	-	-	-	-	-	3,155	3,740	1,603	-	569	1,139	0	2,000	12,731
Other amounts payable`47/48`	-	-	-	-	-	-	217,190	217,879	213,246	195,586	189,907	204,835	207,439	220,842	221,011	220,842	220,842	451,428	450,817	470,217
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	-	23,000	25,240	33,000	2,000	9,607	-	-	824	0	0	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	5,100	-	22,279	-	-	-	-	-	0	0	-	-
Gross operating margin`9900`	-2,562	-20,581	1,243	16,533	7,695	6,755	12,260	27,189	8,761	19,865	9,305	43,383	33,497	33,252	34,525	41,767	56,741	69,945	74,081	61,694
Goods, raw materials, services and sundry goods`60/61`	113,980	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	10,827	11,247	11,247	424	2,547	5,697	5,697	5,697	2,548	7,152	7,573	27,973	21,465	21,064	22,101	21,695	26,241	26,991	27,438	20,619
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-	2,661	9,380	-	-	-	-	-	-	0	0	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	-	-	839	-	-	-	-	-	-	0	0	-	-
Other operating charges`640/8`	604	1,956	2,084	1,663	393	1,380	1,041	914	-	-	3,094	2,589	2,417	3,343	2,802	2,392	3,389	3,478	2,870	2,065
Operating charges capitalised as restructuring costs`649`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	45	-	-	-	-	-	-	0	0	-	-
Operating profit (loss)`9901`	-13,993	-33,784	-12,088	14,446	4,756	-322	5,522	20,578	3,552	2,449	-1,362	12,821	9,615	8,845	9,621	17,681	27,112	39,476	43,773	39,010
Financial income`75/76B`	247	87	7,059	471	-	124	-	0	574	1	0	3	16	3	6	10	164	40	36	22
Recurring financial income`75`	247	87	-	471	-	124	-	0	574	1	0	3	16	3	6	10	164	40	36	22
Non-recurring financial income`76B`	-	-	7,059	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	929	1,255	1,491	750	826	1,109	2,101	1,381	1,492	1,865	1,659	9,897	9,513	10,835	11,195	12,317	18,802	36,378	36,759	37,248
Recurring financial charges`65`	929	1,255	1,491	750	826	1,109	2,101	1,381	1,492	1,865	1,659	9,897	9,513	10,835	11,195	12,317	18,802	36,378	36,759	37,248
Profit (loss) for the period before taxes`9903`	-14,675	-34,952	-6,520	14,167	3,929	-1,307	3,421	19,197	2,635	584	19,259	2,927	119	-1,987	-1,568	5,374	8,474	3,138	7,050	1,784
Income taxes`67/77`	282	422	293	5,861	2,214	750	10,488	6,497	1,866	-22	1,743	3,277	1,050	397	502	14,718	26,930	1,787	3,457	1,313
Profit (loss) for the period`9904`	-14,957	-35,374	-6,813	8,307	1,716	-2,057	-303	12,700	769	606	10,752	-350	-931	-2,384	-2,070	-9,344	-18,456	1,351	3,593	471
Transfer from tax-exempt reserves`789`	-	-	-	-	-	-	13,136	-	-	-	-	-	-	-	-	-	0	0	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	-	-	-	-	13,136	-	-	-	-	-	0	0	-	-
Profit (loss) for the period to be appropriated`9905`	-14,957	-35,374	-6,813	8,307	1,716	-2,057	12,833	12,700	769	606	-2,384	-350	-931	-2,384	-2,070	-9,344	-18,456	1,351	3,593	471
Appropriation of the result
Profit (loss) to be appropriated`9906`	-57,078	-42,121	-6,747	7,966	-341	-2,057	3,889	-4,444	-17,144	-17,913	-18,518	-16,135	-15,785	-14,853	-12,469	-10,399	-1,056	17,468	16,297	12,728
Profit (loss) brought forward from the previous period`14P`	-42,121	-6,747	66	-341	-2,057	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Transfer to equity`691/2`	-	-	-	7,900	-	-	3,889	4,500	-	-	-	-	-	-	-	-	0	68	179	24
Addition to contributions`691`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
To the legal reserve`6920`	-	-	-	-	-	-	3,889	4,500	-	-	-	-	-	-	-	-	0	68	179	24
To other reserves`6921`	-	-	-	7,900	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
Directors or managers`695`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	30-08-2026	2026-00492657	PDF
31-12-2024	micro format	29-08-2025	2025-00479301	PDF
31-12-2023	micro format	14-08-2024	2024-00346483	PDF
31-12-2022	micro format	10-08-2023	2023-00323555	PDF
31-12-2021	micro format	24-08-2022	2022-20312043	PDF
31-12-2020	micro format	30-07-2021	2021-44500058	PDF
31-12-2019	micro format	18-09-2020	2020-54200498	PDF
31-12-2018	micro format	30-09-2019	2019-66900319	PDF
31-12-2017	full format	14-08-2018	2018-45800204	PDF
31-12-2016	full format	26-06-2017	2017-21700522	PDF
31-12-2015	full format	26-09-2016	2016-61400409	PDF
31-12-2014	full format	31-08-2015	2015-54400005	PDF
31-12-2013	full format	12-06-2014	2014-17500245	PDF
31-12-2012	full format	25-07-2013	2013-35600096	PDF
31-12-2011	full format	26-09-2012	2012-58300558	PDF
31-12-2010	full format	23-08-2011	2011-42900578	PDF
31-12-2009	full format	28-06-2010	2010-22200518	PDF
31-12-2008	full format	02-07-2009	2009-37300067	PDF
31-12-2007	full format	09-07-2008	2008-38500305	PDF
31-12-2006	full format	07-06-2007	2007-19900353	PDF
31-12-2005	full format	30-06-2006	2006-37501506	PDF
31-12-2004	full format	09-06-2005	2005-23101824	PDF
31-12-2003	full format	25-06-2004	2004-32002055	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-3,166	-22,537	-841	14,870	7,303	5,375	11,219	26,275	6,100	9,601	6,211	40,794	31,080	29,909	31,723	39,376	53,353	66,467	71,211	59,629
Cash flow	-4,130	-24,127	4,434	8,731	4,263	3,640	5,394	18,397	3,316	7,758	18,325	27,623	20,533	18,680	20,031	12,351	7,785	28,342	31,031	21,090
Investment in fixed assets (approximation)	0	0	-0	33,745	0	0	0	9,455	12,729	0	-66,200	21,218	1,504	7,441	3,251	4,480	9,305	280	19,183	3,276
Change in cash	9,610	-5,793	-2,924	5,813	-3,388	-2,692	-2,286	7,760	5,062	-1,210	1,193	-9,297	9,232	-4,803	1,840	-6,446	-19,566	12,505	14,128	-
Working capital	129,666	126,291	140,153	80,619	73,943	62,346	-165,230	-160,650	-149,612	-141,629	-136,230	-167,264	-181,322	-209,958	-218,642	-224,707	-224,018	-422,914	-442,528	-446,294
Solvency	21.5%	25.0%	30.6%	31.4%	33.8%	34.9%	36.6%	36.1%	32.5%	33.8%	33.6%	45.8%	46.9%	47.1%	46.7%	45.7%	43.8%	5.8%	5.5%	4.5%
Current ratio	4.69	6.96	6.56	1.98	2.18	2.19	0.36	0.37	0.37	0.36	0.35	0.26	0.19	0.10	0.08	0.06	0.15	0.09	0.06	0.10
Quick ratio	0.60	0.33	0.92	0.58	0.47	0.69	0.10	0.07	0.11	0.06	0.03	0.06	0.06	0.07	0.08	0.06	0.15	0.09	0.06	0.10
Debt to equity	3.66	3.00	2.27	2.18	1.96	1.87	1.73	1.72	2.03	1.91	1.92	1.18	1.13	1.12	1.14	1.19	1.29	16.14	17.33	21.04
ROE	-14.7%	-30.2%	-4.5%	5.2%	1.1%	-1.4%	-0.2%	8.4%	0.6%	0.5%	8.2%	-0.2%	-0.5%	-1.1%	-1.0%	-4.4%	-8.3%	4.4%	12.2%	1.8%
ROA	-3.1%	-7.6%	-1.4%	1.6%	0.4%	-0.5%	-0.1%	3.0%	0.2%	0.2%	2.8%	-0.1%	-0.2%	-0.5%	-0.5%	-2.0%	-3.6%	0.3%	0.7%	0.1%
Interest coverage	-3.41	-17.96	-0.56	19.83	8.84	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplier credit	7 days	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	-	€33,745	-
Depreciation and write-downs of the year	€10,827	€11,247	€11,247	€424	€2,547

ZOSMA

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency21.5%

Current ratio4.69

Return on assets-3.1%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on ZOSMA

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