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Home / Tools / Value indication / ITALMASTER BELGIUM

ITALMASTER BELGIUM: value indication

Sector benchmark
What changed
Value indication

Checked · Insight, alerts and connections for every Belgian company, from official sources.

Based on official Belgian registers and filed annual accounts.

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Line	Code	2024	2025	Change	%
Total assets	20/58	€3,928,617	€3,980,177	+€51,560	+1.3%
Fixed assets	21/28	€1,178,476	€1,528,995	+€350,519	+29.7%
Tangible fixed assets	22/27	€1,178,476	€1,528,995	+€350,519	+29.7%
Land and buildings	22	€708,182	€1,072,688	+€364,506	+51.5%
Plant, machinery and equipment	23	€203,480	€358,982	+€155,502	+76.4%
Furniture and vehicles	24	€88,066	€97,325	+€9,259	+10.5%
Assets under construction and advance payments	27	€178,747	€0	-€178,747	-100%
Current assets	29/58	€2,750,141	€2,451,182	-€298,960	-10.9%
Stocks and contracts in progress	3	€793,349	€858,340	+€64,991	+8.2%
Stocks	30/36	€793,349	€858,340	+€64,991	+8.2%
Amounts receivable within one year	40/41	€1,637,218	€1,369,068	-€268,149	-16.4%
Trade receivables	40	€1,066,910	€803,862	-€263,048	-24.7%
Other amounts receivable	41	€570,308	€565,206	-€5,101	-0.9%
Cash at bank and in hand	54/58	€269,150	€177,178	-€91,973	-34.2%
Deferred charges and accrued income	490/1	€50,425	€46,596	-€3,829	-7.6%
Total equity and liabilities	10/49	€3,928,617	€3,980,177	+€51,560	+1.3%
Equity	10/15	€2,122,770	€2,711,462	+€588,692	+27.7%
Contributions	10/11	€77,000	€77,000	=	0.0%
Capital	10	€77,000	€77,000	=	0.0%
Issued capital	100	€77,000	€77,000	=	0.0%
Revaluation surpluses	12	€292,154	€694,536	+€402,382	+138%
Reserves	13	€1,739,781	€1,927,047	+€187,266	+10.8%
Non-distributable reserves	130/1	€7,700	€7,700	=	0.0%
Legal reserve	130	€7,700	€7,700	=	0.0%
Distributable reserves	133	€1,732,081	€1,919,347	+€187,266	+10.8%
Profit (loss) carried forward	14	€0	€0	=
Investment grants	15	€13,835	€12,879	-€956	-6.9%
Provisions and deferred taxes	16	€4,612	€4,293	-€319	-6.9%
Deferred taxes	168	€4,612	€4,293	-€319	-6.9%
Amounts payable	17/49	€1,801,236	€1,264,422	-€536,813	-29.8%
Amounts payable after more than one year	17	€559,675	€239,228	-€320,447	-57.3%
Financial debts	170/4	€559,675	€239,228	-€320,447	-57.3%
Amounts payable within one year	42/48	€1,222,848	€1,013,665	-€209,183	-17.1%
Current portion of amounts payable after more than one year	42	€362,638	€381,388	+€18,750	+5.2%
Financial debts	43	€88,059	€175,221	+€87,162	+99.0%
Credit institutions	430/8	€88,059	€175,221	+€87,162	+99.0%
Trade debts	44	€450,360	€244,197	-€206,164	-45.8%
Suppliers	440/4	€450,360	€244,197	-€206,164	-45.8%
Taxes, remuneration and social security	45	€121,791	€112,859	-€8,932	-7.3%
Taxes	450/3	€52,422	€36,843	-€15,579	-29.7%
Remuneration and social security	454/9	€69,369	€76,017	+€6,648	+9.6%
Other amounts payable	47/48	€200,000	€100,000	-€100,000	-50.0%
Accrued charges and deferred income	492/3	€18,712	€11,530	-€7,183	-38.4%
Remuneration, social security and pensions	62	€627,562	€636,734	+€9,172	+1.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€174,624	€201,125	+€26,502	+15.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)	631/4	-	€17,309	+€17,309
Other operating charges	640/8	€14,715	€16,093	+€1,378	+9.4%
Non-recurring operating charges	66A	€10,498	€0	-€10,498	-100%
Gross operating margin	9900	€1,401,412	€1,210,777	-€190,635	-13.6%
Operating profit (loss)	9901	€574,015	€339,517	-€234,498	-40.9%
Financial income	75/76B	€24,515	€19,282	-€5,233	-21.3%
Recurring financial income	75	€24,515	€19,282	-€5,233	-21.3%
Financial charges	65/66B	€62,802	€43,696	-€19,106	-30.4%
Recurring financial charges	65	€62,802	€43,696	-€19,106	-30.4%
Profit (loss) for the period before taxes	9903	€535,728	€315,103	-€220,625	-41.2%
Transfer from deferred taxes	780	€319	€319	=	0.0%
Income taxes	67/77	€129,397	€85,674	-€43,723	-33.8%
Profit (loss) for the period	9904	€406,650	€229,748	-€176,902	-43.5%
Profit (loss) for the period to be appropriated	9905	€406,650	€229,748	-€176,902	-43.5%

ITALMASTER BELGIUM: value indication

ITALMASTER BELGIUM: value indication

Position among the sector peers

What moved between 2024 and 2025

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Change in the result, 2024 to 2025

Derived cash bridge

Value

Indicative value of the equity

Adjusted equity

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Your EBITDA multiple

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