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Home / Tools / Value indication / MAXIMUM SECURITY

MAXIMUM SECURITY: 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	€838,718	€739,410	-€99,308	-11.8%
Formation expenses	20	€28,438	€66,632	+€38,194	+134%
Fixed assets	21/28	€82,698	€69,048	-€13,650	-16.5%
Tangible fixed assets	22/27	€82,698	€68,616	-€14,082	-17.0%
Plant, machinery and equipment	23	€18,371	€17,651	-€720	-3.9%
Furniture and vehicles	24	€64,327	€50,964	-€13,362	-20.8%
Financial fixed assets	28	-	€432	+€432
Current assets	29/58	€727,583	€603,731	-€123,852	-17.0%
Amounts receivable within one year	40/41	€576,151	€586,712	+€10,561	+1.8%
Trade receivables	40	€399,801	€388,848	-€10,953	-2.7%
Other amounts receivable	41	€176,350	€197,864	+€21,514	+12.2%
Cash at bank and in hand	54/58	€106,395	€12,912	-€93,483	-87.9%
Deferred charges and accrued income	490/1	€45,037	€4,106	-€40,931	-90.9%
Total equity and liabilities	10/49	€838,718	€739,410	-€99,308	-11.8%
Equity	10/15	-€171,354	-€197,979	-€26,625	-15.5%
Contributions	10/11	€138,130	€138,130	=	0.0%
Reserves	13	€1,860	€1,860	=	0.0%
Non-distributable reserves	130/1	€1,860	€1,860	=	0.0%
Reserves not available under the articles	1311	€1,860	€1,860	=	0.0%
Profit (loss) carried forward	14	-€311,344	-€337,969	-€26,625	-8.6%
Amounts payable	17/49	€1,010,072	€937,389	-€72,683	-7.2%
Amounts payable after more than one year	17	€332,958	€353,458	+€20,500	+6.2%
Financial debts	170/4	€155,000	€175,500	+€20,500	+13.2%
Trade debts	175	€40,208	€40,208	=	0.0%
Other amounts payable	178/9	€137,750	€137,750	=	0.0%
Amounts payable within one year	42/48	€677,115	€583,931	-€93,183	-13.8%
Current portion of amounts payable after more than one year	42	€10,372	€53,928	+€43,557	+420%
Financial debts	43	-	€2,696	+€2,696
Credit institutions	430/8	-	€2,696	+€2,696
Trade debts	44	€263,004	€178,192	-€84,813	-32.2%
Suppliers	440/4	€263,004	€178,192	-€84,813	-32.2%
Taxes, remuneration and social security	45	€403,739	€349,116	-€54,623	-13.5%
Taxes	450/3	€64,007	€61,402	-€2,605	-4.1%
Remuneration and social security	454/9	€339,732	€287,713	-€52,019	-15.3%
Non-recurring operating income	76A	€2,137	€7,501	+€5,364	+251%
Remuneration, social security and pensions	62	€2,382,471	€2,174,138	-€208,333	-8.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€42,657	€50,122	+€7,464	+17.5%
Other operating charges	640/8	€22,046	€14,047	-€7,999	-36.3%
Operating charges capitalised as restructuring costs	649	-€13,416	-€58,628	-€45,212	-337%
Non-recurring operating charges	66A	€15,000	€1,963	-€13,037	-86.9%
Gross operating margin	9900	€2,516,006	€2,172,731	-€343,275	-13.6%
Operating profit (loss)	9901	€67,248	-€8,911	-€76,159
Financial income	75/76B	€9	€2	-€8	-82.6%
Recurring financial income	75	€9	€2	-€8	-82.6%
Financial charges	65/66B	€13,813	€17,487	+€3,674	+26.6%
Recurring financial charges	65	€13,813	€17,487	+€3,674	+26.6%
Profit (loss) for the period before taxes	9903	€53,444	-€26,397	-€79,840
Income taxes	67/77	€233	€228	-€5	-2.1%
Profit (loss) for the period	9904	€53,211	-€26,625	-€79,836
Profit (loss) for the period to be appropriated	9905	€53,211	-€26,625	-€79,836

MAXIMUM SECURITY: value indication

MAXIMUM SECURITY: 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

Capitalised earnings

Your EBITDA multiple

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