Emakina Group is now part of the epam family
Read the announcement
Emakina Group is now part of the epam family
Read the announcement

Finance and governance

Key figures

Open All
Consolidated balance sheet (€)*
31/12/2020 31/12/2019 31/12/2018
Fixed assets 20,508,937 21,721,511 20,593,604
Current assets 35,991,448 31,407,847 28,970,708
Total assets 56,500,385 53,129,358 49,564,312
Equity 10,224,759 10,082,940 10,542,268
Third party interests 646,853 377,994 343,303
Provisions 137,225 161,700 230,590
Long-term liabilities 4,671,572 4,257,722 3,677,227
Current liabilities 40,819,976 38,249,002 34,770,924
Net income before amortisation of goodwill/return on equity 27,7% 17,6% 24,8%
2020
Fixed assets 20,508,937
Current assets 35,991,448
Total assets 56,500,385
Equity 10,224,759
Third party interests 646,853
Provisions 137,225
Long-term liabilities 4,671,572
Current liabilities 40,819,976
Net income before amortisation of goodwill/return on equity 27,7%
2019
Fixed assets 21,721,511
Current assets 31,407,847
Total assets 53,129,358
Equity 10,082,940
Third party interests 377,994
Provisions 161,700
Long-term liabilities 4,257,722
Current liabilities 38,249,002
Net income before amortisation of goodwill/return on equity 17,6%
2018
Fixed assets 20,593,604
Current assets 28,970,708
Total assets 49,564,312
Equity 10,542,268
Third party interests 343,303
Provisions 230,590
Long-term liabilities 3,677,227
Current liabilities 34,770,924
Net income before amortisation of goodwill/return on equity 24,8%

* Prepared in accordance with Belgian GAAP

Consolidated income statement (€)*
31/12/2020 31/12/2019 31/12/2018
Operating income 99,004,614 96,618,148 92,389,601
Operating costs (before depreciation) -91,221,259 -90,736,734 -86,282,146
Operating profit (before depreciation) 7,783,355 5,881,414 6,107,455
Depreciation -2,292,616 -1,995,269 -1,637,892
Operating profit 5,490,739 3,886,145 4,469,563
Financial result -1,099,104 -779,502 -533,278
Profit on ordinary activities before amortisation of goodwill 4,391,635 3,106,643 3,936,285
Amortisation of goodwill** -2,173,675 -1,850,573 -2,553,237
Current profit 2,217,959 1,256,070 1,383,048
Exceptional income -735,123 -1,020,792 -289,815
Gross profit 1,482,837 235,278 1,093,232
Deferred tax 0 485 970
Taxes on income -820,600 -307,028 -1,037,475
Net income before amortisation of goodwill 2,835,912 1,779,308 2,609,964
Net income 662,237 -71,265 56,727
Minority interests 295,343 152,933 137,169
Group share 366,894 -224,198 -80,442
2020
Operating income 99,004,614
Operating costs (before depreciation) -91,221,259
Operating profit (before depreciation) 7,783,355
Depreciation -2,292,616
Operating profit 5,490,739
Financial result -1,099,104
Profit on ordinary activities before amortisation of goodwill 4,391,635
Amortisation of goodwill** -2,173,675
Current profit 2,217,959
Exceptional income -735,123
Gross profit 1,482,837
Deferred tax 0
Taxes on income -820,600
Net income before amortisation of goodwill 2,835,912
Net income 662,237
Minority interests 295,343
Group share 366,894
2019
Operating income 96,618,148
Operating costs (before depreciation) -90,736,734
Operating profit (before depreciation) 5,881,414
Depreciation -1,995,269
Operating profit 3,886,145
Financial result -779,502
Profit on ordinary activities before amortisation of goodwill 3,106,643
Amortisation of goodwill** -1,850,573
Current profit 1,256,070
Exceptional income -1,020,792
Gross profit 235,278
Deferred tax 485
Taxes on income -307,028
Net income before amortisation of goodwill 1,779,308
Net income -71,265
Minority interests 152,933
Group share -224,198
2018
Operating income 92,389,601
Operating costs (before depreciation) -86,282,146
Operating profit (before depreciation) 6,107,455
Depreciation -1,637,892
Operating profit 4,469,563
Financial result -533,278
Profit on ordinary activities before amortisation of goodwill 3,936,285
Amortisation of goodwill** -2,553,237
Current profit 1,383,048
Exceptional income -289,815
Gross profit 1,093,232
Deferred tax 970
Taxes on income -1,037,475
Net income before amortisation of goodwill 2,609,964
Net income 56,727
Minority interests 137,169
Group share -80,442

* Prepared in accordance with Belgian GAAP.
** Contrary to the IFRS international accounting standards, Belgian accounting standards require depreciation on goodwill that significantly affects the consolidated net income of the company.

Per share data
31/12/2020 31/12/2019 31/12/2018
Share price (€) 11.20 10.50 13.00
Market capitalisation (€) 43,605,554 40,880,207 50,613,589
Current earnings/share (€) 0.5697 0.3226 0.3552
Group share/share (€) 0,0942 -0,0576 -0.0207
Net earnings/share (€) 0.1701 -0.0183 0.0146
Number of shares 3,893,353 3,893,353 3,893,353
Net income before depreciation for goodwill consolidation/share** 0.7284 0.4570 0.6704
2020
Share price (€) 11.20
Market capitalisation (€) 43,605,554
Current earnings/share (€) 0.5697
Group share/share (€) 0,0942
Net earnings/share (€) 0.1701
Number of shares 3,893,353
Net income before depreciation for goodwill consolidation/share** 0.7284
2019
Share price (€) 10.50
Market capitalisation (€) 40,880,207
Current earnings/share (€) 0.3226
Group share/share (€) -0,0576
Net earnings/share (€) -0.0183
Number of shares 3,893,353
Net income before depreciation for goodwill consolidation/share** 0.4570
2018
Share price (€) 13.00
Market capitalisation (€) 50,613,589
Current earnings/share (€) 0.3552
Group share/share (€) -0.0207
Net earnings/share (€) 0.0146
Number of shares 3,893,353
Net income before depreciation for goodwill consolidation/share** 0.6704

** Contrary to the IFRS international accounting standards, Belgian accounting standards require depreciation on goodwill that significantly affects the consolidated net income of the company.