Skip to content

HET WERREK: value indication

Line	Code	2022	2025	Change	%
Total assets	20/58	€33,173	€71,023	+€37,850	+114%
Fixed assets	21/28	€15,567	€23,915	+€8,348	+53.6%
Tangible fixed assets	22/27	€14,524	€18,070	+€3,546	+24.4%
Land and buildings	22	-	€3,735	+€3,735
Plant, machinery and equipment	23	€4,253	€14,336	+€10,082	+237%
Furniture and vehicles	24	€2,771	-	-€2,771
Other tangible fixed assets	26	€7,500	-	-€7,500
Financial fixed assets	28	€1,042	€5,844	+€4,802	+461%
Current assets	29/58	€17,607	€47,108	+€29,501	+168%
Stocks and contracts in progress	3	€8,957	€15,285	+€6,328	+70.6%
Stocks	30/36	€8,957	€15,285	+€6,328	+70.6%
Amounts receivable within one year	40/41	€3,489	€27,606	+€24,117	+691%
Trade receivables	40	€2,724	€20,596	+€17,872	+656%
Other amounts receivable	41	€765	€7,010	+€6,245	+816%
Cash at bank and in hand	54/58	€5,160	€4,061	-€1,099	-21.3%
Deferred charges and accrued income	490/1	-	€156	+€156
Total equity and liabilities	10/49	€33,173	€71,023	+€37,850	+114%
Equity	10/15	€32,525	€13,907	-€18,618	-57.2%
Contributions	10/11	€18,592	€18,592	=	0.0%
Capital	10	-	€18,592	+€18,592
Issued capital	100	-	€18,592	+€18,592
Reserves	13	€59,501	€59,501	=	0.0%
Non-distributable reserves	130/1	€1,859	€1,859	=	0.0%
Legal reserve	130	-	€1,859	+€1,859
Reserves not available under the articles	1311	€1,859	-	-€1,859
Tax-exempt reserves	132	€4,887	€4,887	=	0.0%
Distributable reserves	133	€52,755	€52,755	=	0.0%
Profit (loss) carried forward	14	-€45,568	-€64,186	-€18,618	-40.9%
Amounts payable	17/49	€648	€57,116	+€56,467	+8,711%
Amounts payable within one year	42/48	€648	€57,116	+€56,467	+8,711%
Trade debts	44	-	€40,908	+€40,908
Suppliers	440/4	-	€40,908	+€40,908
Taxes, remuneration and social security	45	€352	€5,049	+€4,697	+1,334%
Taxes	450/3	-	€4,470	+€4,470
Remuneration and social security	454/9	€352	€579	+€227	+64.4%
Other amounts payable	47/48	€296	€11,159	+€10,862	+3,668%
Remuneration, social security and pensions	62	€17,874	€42,119	+€24,245	+136%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€9,211	€2,709	-€6,502	-70.6%
Other operating charges	640/8	-	€816	+€816
Gross operating margin	9900	€34,240	€63,939	+€29,699	+86.7%
Operating profit (loss)	9901	€7,155	€18,296	+€11,141	+156%
Financial charges	65/66B	€573	€739	+€165	+28.8%
Recurring financial charges	65	€573	€739	+€165	+28.8%
Profit (loss) for the period before taxes	9903	€6,582	€17,557	+€10,975	+167%
Profit (loss) for the period	9904	€6,582	€17,557	+€10,975	+167%
Profit (loss) for the period to be appropriated	9905	€6,582	€17,557	+€10,975	+167%

HET WERREK: value indication

HET WERREK: value indication

Position among the sector peers

What moved between 2022 and 2025

Largest movements

Change in the result, 2022 to 2025

Derived cash bridge

Value

Indicative value of the equity

Adjusted equity

Capitalised earnings

Your EBITDA multiple

Limits of the indication

Next steps