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Home / Tools / Value indication / MANAGEMENT TWENTY TWO

MANAGEMENT TWENTY TWO: 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	€1,731,125	€1,247,841	-€483,284	-27.9%
Fixed assets	21/28	€1,031,090	€939,560	-€91,531	-8.9%
Tangible fixed assets	22/27	€1,005,090	€913,560	-€91,531	-9.1%
Land and buildings	22	€845,750	€817,638	-€28,112	-3.3%
Plant, machinery and equipment	23	€100,478	€62,541	-€37,937	-37.8%
Leasing and similar rights	25	€21,316	€2,238	-€19,079	-89.5%
Other tangible fixed assets	26	€37,545	€31,143	-€6,403	-17.1%
Financial fixed assets	28	€26,000	€26,000	=	0.0%
Current assets	29/58	€700,035	€308,282	-€391,753	-56.0%
Stocks and contracts in progress	3	€7,830	€18,548	+€10,718	+137%
Stocks	30/36	€7,830	€18,548	+€10,718	+137%
Amounts receivable within one year	40/41	€666,118	€280,386	-€385,732	-57.9%
Trade receivables	40	€512,522	€99,176	-€413,346	-80.6%
Other amounts receivable	41	€153,597	€181,211	+€27,614	+18.0%
Cash at bank and in hand	54/58	€11,570	€8,679	-€2,891	-25.0%
Deferred charges and accrued income	490/1	€14,517	€668	-€13,849	-95.4%
Total equity and liabilities	10/49	€1,731,125	€1,247,841	-€483,284	-27.9%
Equity	10/15	-€156,175	-€301,931	-€145,756	-93.3%
Contributions	10/11	€20,000	€20,000	=	0.0%
Reserves	13	€9,001	€9,001	=	0.0%
Non-distributable reserves	130/1	€450	€450	=	0.0%
Reserves not available under the articles	1311	€450	€450	=	0.0%
Distributable reserves	133	€8,551	€8,551	=	0.0%
Profit (loss) carried forward	14	-€185,176	-€330,932	-€145,756	-78.7%
Amounts payable	17/49	€1,887,301	€1,549,772	-€337,528	-17.9%
Amounts payable after more than one year	17	€472,932	€443,006	-€29,926	-6.3%
Financial debts	170/4	€472,932	€443,006	-€29,926	-6.3%
Amounts payable within one year	42/48	€1,414,369	€1,106,766	-€307,603	-21.7%
Current portion of amounts payable after more than one year	42	€44,805	€29,388	-€15,417	-34.4%
Financial debts	43	€47,002	-	-€47,002
Credit institutions	430/8	€2	-	-€2
Other loans	439	€47,000	-	-€47,000
Trade debts	44	€338,585	€87,754	-€250,832	-74.1%
Suppliers	440/4	€338,585	€87,754	-€250,832	-74.1%
Advances received on contracts in progress	46	€186,229	€1,530	-€184,699	-99.2%
Taxes, remuneration and social security	45	€51,056	€18,726	-€32,330	-63.3%
Taxes	450/3	€36,572	€14,720	-€21,852	-59.8%
Remuneration and social security	454/9	€14,484	€4,006	-€10,478	-72.3%
Other amounts payable	47/48	€746,692	€969,368	+€222,677	+29.8%
Non-recurring operating income	76A	-	€4,016	+€4,016
Remuneration, social security and pensions	62	€63,542	€35,561	-€27,981	-44.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€103,360	€98,436	-€4,924	-4.8%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)	631/4	€4,598	€6,117	+€1,519	+33.0%
Other operating charges	640/8	€6,584	€6,191	-€393	-6.0%
Gross operating margin	9900	€26,455	€48,239	+€21,784	+82.3%
Operating profit (loss)	9901	-€151,629	-€98,066	+€53,563	+35.3%
Financial income	75/76B	€1,738	€1,485	-€253	-14.5%
Recurring financial income	75	€1,738	€1,485	-€253	-14.5%
Financial charges	65/66B	€6,877	€49,036	+€42,159	+613%
Recurring financial charges	65	€6,877	€49,036	+€42,159	+613%
Profit (loss) for the period before taxes	9903	-€156,767	-€145,617	+€11,151	+7.1%
Income taxes	67/77	€137	€139	+€3	+1.8%
Profit (loss) for the period	9904	-€156,904	-€145,756	+€11,148	+7.1%
Profit (loss) for the period to be appropriated	9905	-€156,904	-€145,756	+€11,148	+7.1%

MANAGEMENT TWENTY TWO: value indication

MANAGEMENT TWENTY TWO: value indication

Position among the sector peers

What moved between 2024 and 2025

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Change in the result, 2024 to 2025

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Indicative value of the equity

Adjusted equity

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