Smartphoto Group N.V.

Annual Report • Apr 9, 2021

40				1	EUR
NAT.	Filing date	Nr.	P.	U.	D.

ANNUAL ACCOUNTS AND OTHER DOCUMENTS TO BE FILED UNDER BELGIAN COMPANIES AND ASSOCIATIONS CODE

IDENTIFICATION DETAILS (on date of deposit)

SMARTPHOTO GROUP NAME:
Public limited company
Legal form:
Kwatrechtsteenweg 160 Address: Nr.: Box:
9230 Wetteren Postal code: Municipality:
Belgium Country:
Gent, Division Dendermonde Register of legal persons – Business court of:
Website address1:
BE 0405.706.755 Company identification number 31 05 2018 DATE / / of filing the memorandum of association OR of the most recent document mentioning
the date of publication of the memorandum of association and of the act amending the articles of association.
ANNUAL ACCOUNTS IN EUROS ANNUAL ACCOUNTS / / approved by the general meeting of 12 05 2021
01 01 2020 31 12 2020 Regarding the financial year from / / to / /
01 01 2019 31 12 2019 Preceding financial year from / / to / /
The amounts for the preceding period are / are not2 identical to the ones previously published. XXXXX

Total number of pages filed: .................................... Numbers of sections of the standard form not filed because they serve no useful purpose: ....................................................................................................................................................................................................... 45 6.1, 6.2.2, 6.2.5, 6.3.4, 6.3.5, 6.3.6, 6.4.2, 6.5.2, 6.7.2, 6.8, 6.17, 6.18.2, 6.19, 6.20, 8, 9, 11, 12, 13, 14, 15

ACORTIS BV, vast vertegenwoordigd door Stef De corte (name and position)

Signature (name and position)

¹ Optional information.

² Strike out what is not applicable.

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS AND DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

LIST OF THE DIRECTORS, BUSINESS MANAGERS AND AUDITORS

COMPLETE LIST with surname, first names, profession, place of residence (address, number, postal code and municipality) and position within the company Philippe VLERICK Ronsevaal 2, 8510 Marke, Belgium Chairman of the board of directors 13/05/2020 - 10/05/2023 ACORTIS BV Nr.: BE 0472.845.009 Drève des Hêtres Rouges 10, 1430 Rebecq-Rognon, Belgium Managing director 13/05/2020 - 10/05/2023

Represented by:

Stef De corte Drève des Hêtres Rouges 10, 1430 Rebecq-Rognon, Belgium

PALLANZA INVEST BV Nr.: BE 0808.186.578 Molenberg 44, 1790 Affligem, Belgium

Represented by:

vaste vertegenwoordiger Vanderstappen Geert Molenberg 44, 1790 Affligem, Belgium

FOVEA BV Nr.: BE 0892.568.165 Vronerodelaan 103, 1180 Uccle, Belgium

Represented by:

vaste vertegenwoordiger Degrieck Katya Vronerodelaan 103, 1180 Uccle, Belgium

ALYCHLO NV Nr.: BE 0895.140.645 Lembergsesteenweg 19, 9820 Merelbeke, Belgium

Represented by:

Marc Coucke Lembergsesteenweg 19, 9820 Merelbeke, Belgium

Hans Van Rijckeghem Bunder 4, 9080 Lochristi, Belgium

Alexandra Leunen Van Hamméestraat 41, 1030 Schaerbeek, Belgium

Grant Thornton Bedrijfsrevisoren CVBA Nr.: BE 0439.814.826 Potvlietlaan 6, 2600 Berchem (Antwerp), Belgium Membership nr.: B00127

Represented by:

Director 13/05/2020 - 10/05/2023

Director 13/05/2020 - 10/05/2023

Director 13/05/2020 - 10/05/2023

Director 13/05/2020 - 10/05/2023

Director 13/05/2020 - 10/05/2023

Auditor 13/05/2020 - 10/05/2023

LIST OF THE DIRECTORS, BUSINESS MANAGERS AND AUDITORS (CONTINUED)

Danny De Jonge Potvlietlaan 6, 2600 Berchem (Antwerp), Belgium Membership nr.: A01288

Nr.	BE 0405.706.755		F-cap 2.2
-----	-----------------	--	-----------	--

DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

The managing board declares that no audit or correction assignment has been given to a person who was not authorised to do so by law, pursuant to art. 34 and 37 of the law of 22th April 1999 concerning accounting and tax professions.

The annual accounts were / were not audited or corrected by an external accountant or by a company auditor who is not the statutory auditor. XXX

If affirmative, mention hereafter: surname, first names, profession and address of each external accountant or company auditor and his membership number with his Institute as well as the nature of his assignment:

• A. Bookkeeping of the enterprise ,
• B. Preparing the annual accounts ,
• C. Auditing the annual accounts and/or
• D. Correcting the annual accounts.

If the tasks mentioned under A. or B. are executed by certified accountants or certified bookkeepers - tax specialists, you can mention hereafter: surname, first names, profession and address of each certified accountant or certified bookkeeper - tax specialist and his/her affiliation number with the Institute of Accounting Professional and Tax Experts and the nature of his/her assignment.

Surname, first names, profession and address	Affiliation number	Nature of the assignment (A, B, C and/or D)

Strike out what is not applicable.

Optional information.

ANNUAL ACCOUNTS

BALANCE SHEET AFTER APPROPRIATION

	Discl.	Codes	Period	Preceding period
ASSETS
Formation expenses	6.1	20
FIXED ASSETS		21/28	70.403.956	70.314.825
Intangible fixed assets	6.2	21	12.509.852	13.210.154
Tangible fixed assets	6.3	22/27	392.346	501.913
Land and buildings		22	309.943	338.989
Plant, machinery and equipment		23	82.403	162.924
Furniture and vehicles		24
Leasing and similar rights		25
Other tangible fixed assets		26
Assets under construction and advance payments		27
Financial fixed assets 6.4/6.5.1		28	57.501.758	56.602.758
Affiliated enterprises	6.15	280/1	57.483.758	56.584.758
Participating interests		280	44.683.758	44.284.758
Amounts receivable		281	12.800.000	12.300.000
Enterprises linked by participating interests	6.15	282/3
Participating interests		282
Amounts receivable		283
Other financial assets		284/8	18.000	18.000
Shares		284
Amounts receivable and cash guarantees		285/8	18.000	18.000

Nr. BE 0405.706.755			$F$ -cap 3.1
Discl.	Codes	Period	Preceding period
CURRENT ASSETS	29/58	20.533.077	16.218.576
Amounts receivable after more than one year Trade debtors Other amounts receivable	29 290 291	. .	. .
Stocks and contracts in progress	3	.	.
Stocks	30/36	.	.
Raw materials and consumables	30/31 32	.	.
Work in progress Finished goods	33	. .	. .
Goods purchased for resale	34	.	.
Immovable property intended for sale	35	.	.
Advance payments	36	.	.
Contracts in progress	37	.	.
Amounts receivable within one year	40/41	3.128.524	3.598.908
Trade debtors	40	2.053.081	2.183.183
Other amounts receivable	41	1.075.443	1.415.725
Current investments	50/53	3.313.498	538.064
Own shares	50	3.310.301	534.867
Other investments	51/53	3.197	3.197
Cash at bank and in hand	54/58	13.910.244	11.977.965
6.6 Deferred charges and accrued income	490/1	180.811	103.639
TOTAL ASSETS	20/58	90.937.033	86.533.401

Nr. BE 0405.706.755				$F$ -cap 3.2
	Discl.	Codes	Period	Preceding period
EQUITY AND LIABILITIES
EQUITY		10/15	66.056.143	63.704.181
Contribution		10/11	41.381.403	41.381.403
Capital		10	41.381.403	41.381.403
Issued capital		100	41.381.403	41.381.403
Uncalled capital 4		101
Outside the capital		11	.	.
Share premium account		1100/10	.	.
Others		1100/19		.
Revaluation surpluses		12		.
Reserves		13	10.319.213	8.938.454
Reserves not available		130/1	7.448.441	4.673.008
Legal reserve		130	4.138.140	4.138.141
Reserves statutorily not available		1311
Aquisition of own shares		1312	3.310.301	534.867
Financial support		1313	.
Other		1319
Untaxed reserves		132	2.870.772	2.910.640
Available reserves		133	.	1.354.806
Accumulated profits (losses)		14	14.355.527	13.384.324
Investment grants		15
Advance to associates on the sharing out of the assets 5		19
PROVISIONS AND DEFERRED TAXES		16
Provisions for liabilities and charges		160/5	.	.
Pensions and similar obligations		160	.	.
Taxation		161	.	.
Major repairs and maintenance		162	.	.
Environmental obligations		163	.	.
Other liabilities and charges	6.8	164/5	.	.
Deferred taxes		168	.	.

4 Amount to substract of the issued capital

5 Amount to substract from the other part of the equity

Nr. BE 0405.706.755				$F$ -cap 3.2
	Discl.	Codes	Period	Preceding period
AMOUNTS PAYABLE		17/49	24.880.890	22.829.220
Amounts payable after more than one year	6.9	17	1.740.097	2.085.288
Financial debts		170/4	1.740.097	2.085.288
Subordinated loans		170	.	.
Unsubordinated debentures		171	.
Leasing and other similar obligations		172	.	.
Credit institutions		173	1.576.314	1.889.305
Other loans		174	163.783	195.983
Trade debts		175	.	.
Suppliers		1750	.	.
Bills of exchange payable		1751	.	.
Advances received on contracts in progress		176	.	.
Other amounts payable		178/9	.	.
Amounts payable within one year	6.9	42/48	23.002.275	20.606.604
Current portion of amounts payable after more than one year
falling due within one year		42	312.991	710.416
Financial debts		43	.	.
Credit institutions		430/8	.	.
Other loans		439	.	.
Trade debts		44	8.682.073	7.370.422
Suppliers		440/4	8.682.073	7.370.422
Bills of exchange payable		441	.
Advances received on contracts in progress		46	.	.
Taxes, remuneration and social security	6.9	45	1.753.447	1.416.896
Taxes		450/3	847.019	566.906
Remuneration and social security		454/9	906.428	849.990
Other amounts payable		47/48	12.253.764	11.108.870
Accruals and deferred income	6.9	492/3	138.518	137.328
TOTAL LIABILITIES		10/49	90.937.033	86.533.401

INCOME STATEMENT

	Discl.	Codes	Period	Preceding period
Operating income Turnover	6.10	70/76A 70	36.347.746 35.391.764	29.940.814 28.959.273
Stocks of finished goods and work and contracts in progress: increase (decrease) (+)/(-) Own work capitalised Other operating income Non-recurring operating income	6.10 6.12	71 72 74 76A	404.112 551.870	465.788 515.753
Operating charges Raw materials, consumables Purchases		60/66A 60 600/8	34.251.565 17.807.750 17.807.750	28.705.465 13.372.892 13.372.892
(+)/(-) Stocks: decrease (increase) Services and other goods	6.10	609 61 62	8.170.156 5.131.035	7.694.985 4.747.446
Remuneration, social security costs and pensions (+)/(-) Depreciation of and other amounts written off formation expenses, intangible and tangible fixed assets Amounts written off stocks, contracts in progress and trade		630	2.650.945	2.535.879
debtors: Appropriations (write-backs) (+)/(-) Provisions for liabilities and charges: Appropriations (uses	6.10	631/4	31.575	-96.312
(+)/(-) and write-backs) Other operating charges	6.10 6.10	635/8 640/8	460.104	406.457
Operating charges carried to assets as restructuring costs(-) Non-recurring operating charges	6.12	649 66A		44.118
Operating profit (loss) (+)/(-)		9901	2.096.181	1.235.349

Nr.	BE 0405.706.755		F-cap 4
-----	-----------------	--	---------	--

	Discl.	Codes	Period	Preceding period
Financial income		75/76B	8.358.782	3.764.820
Recurring financial income		75	3.148.582	3.764.820
Income from financial fixed assets		750	2.320.714	2.989.389
Income from current assets		751	818.306	775.087
Other financial income	6.11	752/9	9.562	344
Non-recurring financial income	6.12	76B	5.210.200
Financial charges		65/66B	5.642.264	395.812
Recurring financial charges	6.11	65	432.064	395.812
Debt charges		650	125.419	122.026
Amounts written off current assets except stocks, contracts in progress and trade debtors: appropriations (write-backs)
(+)/(-)		651	271.383	260.479
Other financial charges		652/9	35.262	13.307
Non-recurring financial charges	6.12	66B	5.210.200
(+)/(-) Gain (loss) for the period before taxes		9903	4.812.699	4.604.357
Transfer from deferred taxes		780
Transfer to deferred taxes		680
Income taxes (+)/(-)	6.13	67/77	211.447	108.354
Taxes		670/3	211.447	164.084
Adjustment of income taxes and write-back of tax provisions		77		55.730
(+)/(-) Gain (loss) of the period		9904	4.601.252	4.496.003
Transfer from untaxed reserves		789	39.868	39.760
Transfer to untaxed reserves		689
Gain (loss) of the period available for appropriation (+)/(-)		9905	4.641.120	4.535.763

APPROPRIATION ACCOUNT

	Codes	Period	Preceding period
Profit (loss) to be appropriated	9906	18.025.444	15.515.713
Gain (loss) of the period available for appropriation	(9905)	4.641.120	4,535,763
Profit (loss) brought forward	14P	13.384.324	10.979.950
Withdrawals from capital and reserves	791/2	.	.
on the contribution	791	.
from reserves	792
Transfer to capital and reserves	691/2	1.420.627	.
to the contribution	691	.	.
to legal reserve	6920	.
to other reserves	6921	1.420.627	.
Profit (loss) to be carried forward	(14)	14.355.527	13.384.324
Owners' contribution in respect of losses	794	.
Profit to be distributed	694/7	2.249.290	2.131.389
Dividends	694	2.249.290	2.131.389
Directors' or managers' entitlements	695
Employees	696
Other beneficiaries	697		.

STATEMENT OF INTANGIBLE FIXED ASSETS

	Codes	Period	Preceding period
DEVELOPMENT COSTS
Acquisition value at the end of the period	8051P	xxxxxxxxxxxxxxx	1.440.480
Movements during the period
Acquisitions, including produced fixed assets	8021	489.175
Sales and disposals	8031
(+)/(-) Transfers from one heading to another	8041
Acquisition value at the end of the period	8051	1.929.655
Depreciations and amounts written down at the end of the period	8121P	xxxxxxxxxxxxxxx	497.202
Movements during the period
Recorded	8071	498.587
Written back	8081
Acquisitions from third parties	8091
Cancelled owing to sales and disposals	8101
(+)/(-) Transferred from one heading to another	8111
Depreciations and amounts written down at the end of the period	8121	995.789
NET BOOK VALUE AT THE END OF THE PERIOD	81311	933.866

Nr. BE 0405.706.755				F-cap 6.2.3
		Codes	Period	Preceding period
CONCESSIONS, PATENTS, LICENCES, KNOW-HOW, BRANDS AND SIMILAR RIGHTS
Acquisition value at the end of the period		8052P	xxxxxxxxxxxxxxx	5.235.336
Movements during the period
Acquisitions, including produced fixed assets		8022	569.483
Sales and disposals		8032
Transfers from one heading to another	(+)/(-)	8042
Acquisition value at the end of the period		8052	5.804.819
Depreciations and amounts written down at the end of the period		8122P	xxxxxxxxxxxxxxx	3.673.354
Movements during the period
Recorded		8072	583.804
Written back		8082
Acquisitions from third parties		8092
Cancelled owing to sales and disposals		8102
Transferred from one heading to another	(+)/(-)	8112
Depreciations and amounts written down at the end of the period		8122	4.257.158
NET BOOK VALUE AT THE END OF THE PERIOD		211	1.547.661

Nr. BE 0405.706.755				F-cap 6.2.4
		Codes	Period	Preceding period
GOODWILL
Acquisition value at the end of the period		8053P	xxxxxxxxxxxxxxx	15.996.797
Movements during the period
Acquisitions, including produced fixed assets		8023	791.942
Sales and disposals		8033
Transfers from one heading to another	(+)/(-)	8043
Acquisition value at the end of the period		8053	16.788.739
Depreciations and amounts written down at the end of the period		8123P	xxxxxxxxxxxxxxx	5.291.903
Movements during the period
Recorded		8073	1.468.511
Written back		8083
Acquisitions from third parties		8093
Cancelled owing to sales and disposals		8103
Transferred from one heading to another	(+)/(-)	8113
Depreciations and amounts written down at the end of the period		8123	6.760.414
NET BOOK VALUE AT THE END OF THE PERIOD		212	10.028.325

STATEMENT OF TANGIBLE FIXED ASSETS

	Codes	Period	Preceding period
LAND AND BUILDINGS
Acquisition value at the end of the period	8191P	xxxxxxxxxxxxxxx	942.000
Movements during the period
Acquisitions, including produced fixed assets	8161	18.353
Sales and disposals	8171
(+)/(-) Transfers from one heading to another	8181
Acquisition value at the end of the period	8191	960.353
Revaluation surpluses at the end of the period	8251P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8211
Acquisitions from third parties	8221
Cancelled	8231
Transferred from one heading to another (+)/(-)	8241
Revaluation surpluses at the end of the period	8251
Depreciations and amounts written down at the end of the period	8321P	xxxxxxxxxxxxxxx	603.011
Movements during the period
Recorded	8271	47.399
Written back	8281
Acquisitions from third parties	8291
Cancelled owing to sales and disposals	8301
Transferred from one heading to another (+)/(-)	8311
Depreciations and amounts written down at the end of the period	8321	650.410
NET BOOK VALUE AT THE END OF THE PERIOD	(22)	309.943

Nr. BE 0405.706.755				F-cap 6.3.2
		Codes	Period	Preceding period
PLANT, MACHINERY AND EQUIPMENT
Acquisition value at the end of the period		8192P	xxxxxxxxxxxxxxx	3.078.868
Movements during the period
Acquisitions, including produced fixed assets		8162	17.778
Sales and disposals		8172	2.536.493
Transfers from one heading to another	(+)/(-)	8182
Acquisition value at the end of the period		8192	560.153
Revaluation surpluses at the end of the period		8252P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8212
Acquisitions from third parties		8222
Cancelled		8232
Transferred from one heading to another	(+)/(-)	8242
Revaluation surpluses at the end of the period		8252
Depreciations and amounts written down at the end of the period		8322P	xxxxxxxxxxxxxxx	2.915.944
Movements during the period
Recorded		8272	52.644
Written back		8282
Acquisitions from third parties		8292
Cancelled owing to sales and disposals		8302	2.490.838
Transferred from one heading to another	(+)/(-)	8312
Depreciations and amounts written down at the end of the period		8322	477.750
NET BOOK VALUE AT THE END OF THE PERIOD		(23)	82.403

Nr. BE 0405.706.755				F-cap 6.3.3
		Codes	Period	Preceding period
FURNITURE AND VEHICLES
Acquisition value at the end of the period		8193P	xxxxxxxxxxxxxxx	125.385
Movements during the period
Acquisitions, including produced fixed assets		8163
Sales and disposals		8173
Transfers from one heading to another	(+)/(-)	8183
Acquisition value at the end of the period		8193	125.385
Revaluation surpluses at the end of the period		8253P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8213
Acquisitions from third parties		8223
Cancelled		8233
Transferred from one heading to another	(+)/(-)	8243
Revaluation surpluses at the end of the period		8253
Depreciations and amounts written down at the end of the period		8323P	xxxxxxxxxxxxxxx	125.385
Movements during the period
Recorded		8273
Written back		8283
Acquisitions from third parties		8293
Cancelled owing to sales and disposals		8303
Transferred from one heading to another	(+)/(-)	8313
Depreciations and amounts written down at the end of the period		8323	125.385
NET BOOK VALUE AT THE END OF THE PERIOD		(24)

STATEMENT OF FINANCIAL FIXED ASSETS

	Codes	Period	Preceding period
AFFILIATED ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8391P	xxxxxxxxxxxxxxx	83.039.843
Movements during the period
Acquisitions	8361	399.000
Sales and disposals	8371	5.210.200
(+)/(-) Transfers from one heading to another	8381
Acquisition value at the end of the period	8391	78.228.643
Revaluation surpluses at the end of the period	8451P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8411
Acquisitions from third parties	8421
Cancelled	8431
Transferred from one heading to another (+)/(-)	8441
Revaluation surpluses at the end of the period	8451
Amounts written down at the end of the period	8521P	xxxxxxxxxxxxxxx	38.755.085
Movements during the period
Recorded	8471
Written back	8481	5.210.200
Acquisitions from third parties	8491
Cancelled owing to sales and disposals	8501
Transferred from one heading to another (+)/(-)	8511
Amounts written down at the end of the period	8521	33.544.885
Uncalled amounts at the end of the period	8551P	xxxxxxxxxxxxxxx
(+)/(-) Movements during the period	8541
Uncalled amounts at the end of the period	8551
NET BOOK VALUE AT THE END OF THE PERIOD	(280)	44.683.758
AFFILIATED ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	281P	xxxxxxxxxxxxxxx	12.300.000
Movements during the period
Additions	8581	500.000
Repayments	8591
Amounts written down	8601
Amounts written back	8611
(+)/(-) Exchange differences	8621
(+)/(-) Other movements	8631
NET BOOK VALUE AT THE END OF THE PERIOD	(281)	12.800.000
ACCUMULATED AMOUNTS WRITTEN OFF AMOUNTS RECEIVABLE AT END OF THE PERIOD	8651

Nr.	BE 0405.706.755			F-cap 6.4.3
-----	-----------------	--	--	-------------

	Codes	Period	Preceding period
OTHER ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8393P	xxxxxxxxxxxxxxx	49.579
Movements during the period
Acquisitions	8363
Sales and disposals	8373
(+)/(-) Transfers from one heading to another	8383
Acquisition value at the end of the period	8393	49.579
Revaluation surpluses at the end of the period	8453P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8413
Acquisitions from third parties	8423
Cancelled	8433
(+)/(-) Transferred from one heading to another	8443
Revaluation surpluses at the end of the period	8453
Amounts written down at the end of the period	8523P	xxxxxxxxxxxxxxx	49.579
Movements during the period
Recorded	8473
Written back	8483
Acquisitions from third parties	8493
Cancelled owing to sales and disposals	8503
(+)/(-) Transferred from one heading to another	8513
Amounts written down at the end of the period	8523	49.579
Uncalled amounts at the end of the period	8553P	xxxxxxxxxxxxxxx
(+)/(-) Movements during the period	8543
Uncalled amounts at the end of the period	8553
NET BOOK VALUE AT THE END OF THE PERIOD	(284)
OTHERS ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	285/8P	xxxxxxxxxxxxxxx	18.000
Movements during the period
Additions	8583
Repayments	8593
Amounts written down	8603
Amounts written back	8613
(+)/(-) Exchange differences	8623
(+)/(-) Other movements	8633
NET BOOK VALUE AT THE END OF THE PERIOD	(285/8)	18.000
ACCUMULATED AMOUNTS WRITTEN OFF AMOUNTS RECEIVABLE AT END OF
THE PERIOD	8653

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND SHARES IN OTHER ENTERPRISES

The following list mentions the companies in which the company holds a participating interest (recorded in headings 280 and 282 of assets), as well as the companies in which the company holds rights (recorded in headings 284 and 51/53 of assets) for an amount of at least 10% of the capital, the equity or a class of shares of the company.

		Rights held			Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the		directly		subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code	(+) or (-) (in units)
DBM COLOR NV BE 0402.247.617 Public limited company Kwatrechtsteenweg 160, 9230 Wetteren, Belgium		29.999	99,99	0,01	31/12/2020	EUR	9.054.730	2.282.723
FILMOBEL NV BE 0408.058.709 Public limited company Kwatrechtsteenweg 160, 9230 Wetteren, Belgium					31/12/2020	EUR	-1.170.074	-341.747
		147.248	99,99	0,01
PROMO CONCEPT INVESTMENT BV BE 0423.852.188 Limited liability company Kwatrechtsteenweg 158, 9230 Wetteren, Belgium		30.618	99,99	0,01	31/12/2020	EUR	2.485.820	-78.058
AULTMORE NV BE 0888.480.111 Public limited company Vantegemstraat 21, 9230 Wetteren, Belgium		698	99,71	0,29	31/12/2020	EUR	164.066	-34.055
SMARTPHOTO AG CH100365169 Foreign company Hauptstrasse 70, 4132 Muttenz, Switzerland		13.200	100,0	0,0	31/12/2020	CHF	2.856.308	1.766.065
SMARTPHOTO NORDIC AB SE556334810001 Foreign company Östergatan 39, 4 Van, 211 22 Malmö, Sweden					31/12/2020	SEK	4.880.143	3.328.021
		46.560	34,98	65,02

Nr.	BE 0405.706.755		F- cap 6.5.1
-----	-----------------	--	--------------	--	--

PARTICIPATING INTERESTS AND SHARES IN OTHER ENTERPRISES (CONTINUED)

	Rights held				Data extracted from the most recent annual accounts
NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the		directly		subsidiari es	Annual	Curre	Capita land reserves	Net result
COMPANY IDENTIFICATION NUMBER	Nature	Number	%	%	accounts as per	ncy code	(+) or (-) (in units)
SMARTPHOTO NEDERLAND BV NL821156469B01 Beursstraat 1A, 7551 HP Hengelo, Netherlands		20.000	100,0	0,0	31/12/2020	EUR	-8.138.741	-794.227
SPECTOR NEDERLAND BV NL006511004B01 Foreign company Beursstraat 1A, 7551 HP Hengelo, Netherlands		349	99,71	0,29	31/12/2020	EUR	-7.685.349	-264.661
SPECTOR VERWALTUNG GmbH
DE214116205 Foreign company Laufamholzstrasse 171, 90482 Nürnberg, Germany		500.000	100,0	0,0	31/12/2020	EUR	-813.612	-56.967
FLT FINANZARIA SPA IT13146200152 Foreign company Viale Andrea Doria 17, 20124 Tanum Kommun, Italy		17.150	49,0	0,0	31/12/2011	EUR	2.177.014	-275.756

OTHER INVESTMENTS AND DEPOSITS, ALLOCATION DEFERRED CHARGES AND ACCRUED INCOME

	Codes	Period	Preceding period
INVESTMENTS: OTHER INVESTMENTS AND DEPOSITS
Shares and current investments other than fixed income investments	.51	3.197	3.197
Shares - Book value increased with the uncalled amount	8681	3.197	3.197
Shares - Uncalled amount	8682
Precious metals and works of art	8683	.	.
Fixed income securities Fixed income securities issued by credit institutions	52 8684	.	.
Fixed term accounts with credit institutions With residual term or notice of withdrawal	53
up to one month	8686
between one month and one year	8687
over one year	8688
Other investments not mentioned above	8689

DEFERRED CHARGES AND ACCRUED INCOME
Allocation of heading 490/1 of assets if the amount is significant
	.

Nr.	BE 0405.706.755

F-cap 6.7.1

Preceding period

STATEMENT OF CAPITAL AND SHAREHOLDING STRUCTURE

STATEMENT OF CAPITAL
Capital
Issued capital at the end of the period	100P	XXXXXXXXXXXXXX		41.381.403
Issued capital at the end of the period	(100)	41.381.403
	Codes	Value		Number of shares
Changes during the period
		.		.
		.		.
.		.		.
Structure of the capital
Different categories of shares
		41.381.403		3.941.950
			0	0
			0
.		.		.
Registered shares Shares dematerialized	8702 8703	XXXXXXXXXXXXX XXXXXXXXXXXXX		65.220 3.876.730
				Capital called but not
	Codes	Uncalled amount		paid
Capital not paid
Uncalled capital	(101)	.		XXXXXXXXXXXXX
Called up capital, unpaid	8712	XXXXXXXXXXXXX		.
Shareholders having yet to pay up in full
		.		.
		.
		.
			Codes	Period
Own shares
Held by the company itself
Amount of capital held			8721	2.027.452
Corresponding number of shares			8722	193.133
Held by the subsidiaries
Amount of capital held			8731
Corresponding number of shares			8732	.
Commitments to issue shares
Owing to the exercise of conversion rights
Amount of outstanding convertible loans			8740	.
Amount of capital to be subscribed			8741	.
Corresponding maximum number of shares to be issued			8742
Owing to the exercise of subscription rights
Number of outstanding subscription rights			8745
Amount of capital to be subscribed			8746
Corresponding maximum number of shares to be issued			8747	.

Authorized capital not issued ....................................

Codes

Period

41.381.403

8751

.706.755 -nr ת ⊿ות. Nr. car DC , JJ . $\overline{\phantom{a}}$
----------------------------------------------------------------------------------------

	Codes	Period
Shares issued, non representing capital
Distribution
Number of shares	8761
Number of voting rights attached thereto	8762
Allocation by shareholder
Number of shares held by the company itself	8771
Number of shares held by its subsidiaries	8781

Supplementary explanation relating to the contribution (including the industry contribution)
	.

STATEMENT OF AMOUNTS PAYABLE, ACCRUED CHARGES AND DEFERRED INCOME

	Codes	Period
BREAKDOWN OF AMOUNTS PAYABLE WITH AN ORIGINAL PERIOD TO MATURITY OF MORE THAN ONE YEAR, ACCORDING TO THEIR RESIDUAL TERM
Current portion of amounts payable after more than one year falling due within one year
Financial debts	8801	312.991
Subordinated loans	8811	.
Unsubordinated debentures	8821	.
Leasing and other similar obligations	8831
Credit institutions	8841	312.991
Other loans	8851
Trade debts ………………………………………………………………………………………………	8861	.
Suppliers	8871	.
Bills of exchange payable	8881	.
Advance payments received on contract in progress	8891	.
Other amounts payable	8901	.
Total current portion of amounts payable after more than one year falling due within one year	(42)	312.991
Amounts payable with a remaining term of more than one but not more than five years
Financial debts	8802	1.431.101
Subordinated loans	8812	.
Unsubordinated debentures	8822	.
Leasing and other similar obligations	8832
Credit institutions	8842	1.267.318
Other loans	8852	163.783
Trade debts	8862
Suppliers	8872	.
Bills of exchange payable	8882	.
Advance payments received on contracts in progress	8892	.
Other amounts payable	8902	.
Total amounts payable with a remaining term of more than one but not more than five years	8912	1.431.101
Amounts payable with a remaining term of more than five years
Financial debts ………………………………………………………………………………………………	8803	308.996
Subordinated loans	8813
Unsubordinated debentures	8823	.
Leasing and other similar obligations	8833
Credit institutions ………………………………………………………………………………………………	8843	308.996
Other loans	8853	.
Trade debts	8863	.
Suppliers ………………………………………………………………………………………………	8873	.
Bills of exchange payable	8883	.
Advance payments received on contracts in progress	8893
Other amounts payable	8903
Total amounts payable with a remaining term of more than five years	8913	308.996

	Codes	Period
GUARANTEED AMOUNTS PAYABLE (included in headings 17 and 42/48 of the liabilities)
Amounts payable guaranteed by Belgian public authorities
Financial debts	8921
Subordinated loans	8931	.
Unsubordinated debentures	8941	.
Leasing and similar obligations	8951	.
Credit institutions	8961	.
Other loans	8971
Trade debts	8981
Suppliers	8991
Bills of exchange payable	9001	.
Advance payments received on contracts in progress	9011
Remuneration and social security	9021	.
Other amounts payable	9051	.
Total amounts payable guaranteed by Belgian public authorities	9061	.
Amounts payable guaranteed by real securities or irrevocably promised by the enterprise on its own assets
Financial debts	8922	1.889.305
Subordinated loans	8932
Unsubordinated debentures	8942
Leasing and similar obligations	8952
Credit institutions	8962	1.889.305
Other loans	8972
Trade debts	8982
Suppliers	8992
Bills of exchange payable	9002
Advance payments received on contracts in progress	9012	.
Taxes, remuneration and social security	9022	.
Taxes ………………………………………………………………………………………………	9032
Remuneration and social security	9042	.
Other amounts payable	9052	.
Total amounts payable guaranteed by real securities or irrevocably promised by the enterprise on its own assets …………………………………………………………………………………………	9062	1.889.305

	Codes	Period
TAXES, REMUNERATION AND SOCIAL SECURITY
Taxes (heading 450/3 and 179 of the liabilities)
Outstanding tax debts	9072
Accruing taxes payable	9073	731.763
Estimated taxes payable	450	115.256
Remuneration and social security (headings 454/9 and 179 of the liabilities)
Amounts due to the National Social Security Office	9076
Other amounts payable in respect of remuneration and social security	9077	906.428

$F$ -cap 6.9

$\sqrt{ }$

Nr. BE 0405.706.755

٦

Nr. BE 0405.706.755	$F$ -cap 6.9
	Period
ACCRUALS AND DEFERRED INCOME
Allocation of heading 492/3 of liabilities if the amount is significant

Allocation of heading 492/3 of liabilities if the amount is significant

	91.384
.	-34
.

OPERATING RESULTS

	Codes	Period	Preceding period
OPERATING INCOME
Net turnover
Allocation by categories of activity
.		.
.		.	.
.		.
		.	.
Allocation into geographical markets
		.	.
		.	.
		.	.
.		.	.
Other operating income Operating subsidies and compensatory amounts received from public authorities	740	.
OPERATING CHARGES
Employees for whom the enterprise submitted a DIMONA declaration or who are recorded in the general personnel register
Total number at the closing date	9086	83	79
Average number of employees calculated in full-time equivalents	9087	74,5	71,3
Number of actual worked hours	9088	121.742	114.296
Personnel costs
Remuneration and direct social benefits	620	3.719.780	3.445.949
Employers' contribution for social security	621	960.233	887.674
Employers' premiums for extra statutory insurance	622	132,395	118.268
Other personnel costs	623	318.627	295.555
Retirement and survivors' pensions	624	.	.

	Codes	Period	Preceding period
Provisions for pensions and other similar rights (+)/(-) Appropriations (uses and write-backs)	635
Amounts written off
Stocks and contracts in progress
Recorded	9110
Written back	9111
Trade debts
Recorded	9112	174.681	34.729
Written back	9113	143.106	131.041
Provisions for liabilities and charges
Additions	9115
Uses and write-backs	9116
Other operating charges
Taxes related to operation	640	35.990	27.757
Other costs	641/8	424.114	378.700
Hired temporary staff and personnel placed at the enterprise's disposal
Total number at the closing date	9096	2
Average number calculated in full-time equivalents	9097	2,4	1,2
Number of actual worked hours	9098	4.234	2.297
Costs to the enterprise	617	138.940	67.099

Nr. BE 0405.706.755 F-cap 6.10

FINANCIAL RESULTS

	Codes	Period	Preceding period
RECURRING FINANCIAL INCOME
Other financial income Subsidies granted by public authorities and recorded as income for the period
Capital subsidies	9125	.	.
Interest subsidies	9126	.	.
Allocation of other financial income
Currency differences realized	754		.
Others
		.	.
.		.	.
			.
RECURRING FINANCIAL CHARGES
Depreciation of loan issue expenses	6501
Capitalized Interests	6502	.	.
Amounts written off current assets
Recorded	6510	281.361	267.279
Written back	6511	9.978	6.800
Other financial charges Amount of the discount borne by the enterprise, as a result of negotiating amounts receivable	653		.
Provisions of a financial nature
Appropriations	6560	.	.
Uses and write-backs	6561
Allocation of other financial charges
Currency differences realized	654	.	.
Currency translation differences	655		.
Others
		.	.

$\blacksquare$

INCOME AND CHARGE OF EXCEPTIONAL SIZE OR INCIDENCE

	Codes	Period	Preceding period
NON RECURRING INCOME	76	5.210.200
Non-recurring operating income	(76A)
Write-back of depreciation and of amounts written off intangible and tangible
fixed assets	760
Write-back of provisions for non-recurring operating liabilities and charges	7620
Capital gains on disposal of intangible and tangible fixed asset	7630
Other non-recurring operating income	764/8
Non-recurring financial income	(76B)	5.210.200
Write-back of amounts written down financial fixed assets	761	5.210.200
Write-back of provisions for non-recurring financial liabilities and charges	7621
Capital gains on disposal of financial fixed assets	7631
Other non-recurring financial income	769
NON-RECURRING EXPENSES	66	5.210.200	44.118
Non-recurring operating charges	(66A)		44.118
Non-recurring depreciation of and amounts written off formation expenses, intangible and tangible fixed assets	660		44.118
Provisions for non-recurring operating liabilities and charges: Appropriations (uses) (+)/(-)	6620
Capital losses on disposal of intangible and tangible fixed assets	6630
Other non-recurring operating charges	664/7
Non-recurring operating charges carried to assets as restructuring costs .(-)	6690
Non-recurring financial charges	(66B)	5.210.200
Amounts written off financial fixed assets	661
Provisions for non-recurring financial liabilities and charges: Appropriations
(uses) (+)/(-)	6621
Capital losses on disposal of financial fixed assets	6631	5.210.200
Other non-recurring financial charges	668
Non-recurring financial charges carried to assets as restructuring costs (-)	6691

INCOME TAXES AND OTHER TAXES

	Codes	Period
INCOME TAXES
Income taxes on the result of the period	9134	189.928
Income taxes paid and withholding taxes due or paid	9135	189.928
Excess of income tax prepayments and withholding taxes paid recorded under assets	9136
Estimated additional taxes	9137
Income taxes on the result of prior periods	9138	21.519
Additional income taxes due or paid	9139	21.519
Additional income taxes estimated or provided for	9140
In so far as taxes of the period are materially affected by differences between the profit before taxes as stated in annual accounts and the estimated taxable profit
		2.929.578

Impact of non recurring results on the amount of the income taxes relating to the current period
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
.

	Codes	Period
Status of deferred taxes Deferred taxes representing assets	9141	57.385.240
Accumulated tax losses deductible from future taxable profits Other deferred taxes representing assets	9142	57.385.240
Deferred taxes representing liabilities	9144
Allocation of deferred taxes representing liabilities

	Codes	Period	Preceding period
VALUE ADDED TAXES AND OTHER TAXES BORNE BY THIRD PARTIES
Value added taxes charged
To the enterprise (deductible)	9145	5.520.350	4.389.873
By the enterprise	9146	6.859.006	5.436.073
Amounts withheld on behalf of third party
For payroll withholding taxes	9147	931.850	853.662
For withholding taxes on investment income	9148

	Nr.	BE 0405.706.755		F-cap 6.14
--	-----	-----------------	--	------------	--	--	--	--

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

	Codes	Period
PERSONAL GUARANTEES PROVIDED OR IRREVOCABLY PROMISED BY THE ENTERPRISE AS SECURITY FOR DEBTS AND COMMITMENTS OF THIRD PARTIES	9149
Of which
Bills of exchange in circulation endorsed by the enterprise	9150
Bills of exchange in circulation drawn or guaranteed by the enterprise	9151
Maximum amount for which other debts or commitments of third parties are guaranteed by the enterprise	9153
REAL GUARANTEES
Real guarantees provided or irrevocably promised by the enterprise on its own assets as security of debts and commitments of the enterprise
Mortgages
Book value of the immovable properties mortgaged	91611	309.943
Amount of registration	91621	8.643.750
Amount of registration by mandate	91631
Pledging of goodwill
Pledging of goodwill - Max amount	91711
Pledging of goodwill - Amount of the registration by mandate	91721
Pledging of other assets
Pledging of other assets - Book value	91811
Pledging of other assets - Max amount	91821
Guarantees provided on future assets
Guarantees provided on future assets - Amount assets involved	91911
Guarantees provided on future assets - Max amount	91921
Seller privilege
Seller privilege - Book value	92011
Seller privilege - Unpaid amount	92021

Nr.	BE 0405.706.755			$F$ -cap 6.14
			Codes	Period
	security of debts and commitments of third parties	Real guarantees provided or irrevocably promised by the enterprise on its own assets as
Mortgages
		Book value of the immovable properties mortgaged	91612
		Amount of registration	91622
		Amount of registration by mandate	91632
Pledging of goodwill
		Pledging of goodwill - Max amount	91712
		Pledging of goodwill - Amount of the registration on goodwill pledged by mandate	91722
Pledging of other assets
		Pledging of other assets - Book value	91812
		Pledging of other assets - Max amount	91822

Guarantees provided on future assets - Amount assets involved ....................................

Guarantees provided on future assets - Max amount ....................................

Seller privilege - Book value ....................................

Seller privilege - Unpaid amount ....................................

Guarantees provided on future assets

Seller privilege

	Codes	Period
GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR OWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE
		.
		.
SUBSTANTIAL COMMITMENTS TO ACQUIRE FIXED ASSETS
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
SUBSTANTIAL COMMITMENTS TO DISPOSE OF FIXED ASSETS
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
FORWARD TRANSACTIONS
Goods purchased (to be received)	9213	.
Goods sold (to be delivered)	9214	.
Currencies purchased (to be received)	9215
Currencies sold (to be delivered)	9216

91912

91922

92012 92022 . . . . . . . . . . . . . . . . . . . .

.......................

. . . . . . . . . . . . . . . . . . . .

Nr.	BE 0405.706.755		$F_{\rm r}$ an 6.14
			Period
		COMMITMENTS RELATING TO TECHNICAL GUARANTEES IN RESPECT OF SALES OR SERVICES
		,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
		,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
		,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
			_

	Period
AMOUNT, NATURE AND FORM CONCERNING LITIGATION AND OTHER IMPORTANT COMMITMENTS
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

SUPPLEMENT RETIREMENTS OR SURVIVORS PENSION PLANS IN FAVOUR OF THE PERSONNEL OR THE EXECUTIVES OF THE ENTERPRISE

Brief description

Measures taken by the enterprise to cover the resulting charges

	Codes	Period
PENSIONS FUNDED BY THE ENTERPRISE
Estimated amount of the commitments resulting from past services	9220
Methods of estimation
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
. .

	Period
NATURE AND FINANCIAL IMPACT OF SIGNIFICANT EVENTS AFTER THE CLOSING DATE NOT INCLUDED IN THE BALANCE SHEET OR THE INCOME STATEMENT
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

Nr.	BE 0405.706.755		$F$ -cap 6.14
			Period
		COMMITMENTS TO PURCHASE OR SALE AVAILABLE TO THE COMPANY AS ISSUER OF OPTIONS FOR SALE OR
PURCHASE

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

NATURE, COMMERCIAL OBJECTIVE AND FINANCIAL CONSEQUENCES OF TRANSACTIONS NOT REFLECTED IN THE BALANCE SHEET
Provided that the risks or advantages coming from these transactions are significant and if the disclosure of the risks or advantages is necessary to appreciate the financial situation of the company

	Period
OTHER RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET (including those which can not be quantified)
	.

RELATIONSHIPS WITH AFFILIATED ENTERPRISES, ASSOCIATED ENTERPRISES AND OTHERS ENTERPRISES LINKED BY PARTICIPATING INTERESTS

	Codes	Period	Preceding period
AFFILIATED ENTERPRISES
Financial fixed assets	(280/1)	57.483.758	56.584.758
Participating interests	(280)	44.683.758	44.284.758
Subordinated amounts receivable	9271
Other amounts receivable	9281	12.800.000	12.300.000
Amounts receivable	9291	2.513.327	2.797.415
Over one year	9301
Within one year	9311	2.513.327	2.797.415
Current investments	9321
Shares	9331
Amounts receivable	9341
Amounts payable	9351	16.130.112	13.240.700
Over one year	9361	163.784	195.984
Within one year	9371	15.966.328	13.044.716
Personal and real guarantees
Provided or irrevocably promised by the enterprise as security for debts or
commitments of affiliated enterprises	9381
Provided or irrevocably promised by affiliated enterprises as security for
debts or commitments of the enterprise	9391
Other significant financial commitments	9401
Financial results
Income from financial fixed assets	9421	2.320.714	2.989.389
Income from current assets	9431	818.306	775.087
Other financial income	9441
Debt charges	9461	56.196	52.395
Other financial charges	9471
Disposal of fixed assets
Capital gains obtained	9481
Capital losses suffered	9491

	Codes	Period	Preceding period
ASSOCIATED ENTERPRISES
Financial fixed assets	9253		.
Participating interests	9263	.
Subordinated amounts receivable	9273	.	.
Other amounts receivable	9283	.
Amounts receivable ……………………………………………………………………………	9293		.
Over one year	9303	.	.
Within one year	9313	.	.
Amounts payable	9353	.	.
Over one year	9363	.
Within one year	9373	.
Personal and real guarantees
Provided or irrevocably promised by the enterprise as security for debts or
commitments of associated enterprises	9383	.
Provided or irrevocably promised by associated enterprises as security for debts or commitments of the enterprise	9393	.
Other significant financial commitments	9403	.
OTHER ENTERPRISES LINKED BY PARTICIPATING INTERESTS
Financial fixed assets	9252	.
Participating interests	9262	.	.
Subordinated amounts receivable	9272	.
Other amounts receivable	9282	.
Amounts receivable …………………………………………………………………………	9292	.
Over one year	9302	.	.
Within one year	9312	.
Amounts payable	9352	.
Over one year	9362	.
Within one year	9372	.	.

Nr.

BE 0405.706.755

	Perioc
TRANSACTIONS WITH ENTERPRISES LINKED BY PARTICIPATING INTERESTS OUT OF MARKET CONDITIONS Mention of these transactions if they are significant, including the amount of the transactions, the nature of the link, and all information about the transactions which should be necessary to get a better understanding of the situation of the company
	.

F-cap 6.15

FINANCIAL RELATIONSHIPS WITH

	Codes	Period
DIRECTORS, MANAGERS, INDIVIDUALS OR BODIES CORPORATE WHO CONTROL THE ENTERPRISE WITHOUT BEING ASSOCIATED THEREWITH OR OTHER ENTERPRISES CONTROLLED BY THESE PERSONS
Amounts receivable from these persons	9500
Conditions on amounts receivable, rate, duration, possibly reimbursed amounts, canceled amounts or renounced amounts
Guarantees provided in their favour	9501
Other significant commitments undertaken in their favour	9502
Amount of direct and indirect remunerations and pensions, included in the income statement, as long as this disclosure does not concern exclusively or mainly, the situation of a single identifiable person
To directors and managers	9503	629.683
To former directors and former managers	9504

	Codes	Period
AUDITORS OR PEOPLE THEY ARE LINKED TO
Auditor's fees	9505	29.924
Fees for exceptional services or special missions executed in the company by the auditor
Other attestation missions	95061
Tax consultancy	95062
Other missions external to the audit	95063
Fees for exceptional services or special missions executed in the company by people they are linked to
Other attestation missions	95081
Tax consultancy	95082
Other missions external to the audit	95083

Mentions related to article 3:64, §2 and §4 of the Companies and Associations Code

Nr.	BE 0405.706.755		F-cap 6.18.1
-----	-----------------	--	--------------

INFORMATION RELATING TO CONSOLIDATED ACCOUNTS

INFORMATION TO DISCLOSE BY EACH ENTERPRISE THAT IS SUBJECT TO COMPANY LAW ON THE CONSOLIDATED ACCOUNTS OF ENTERPRISES

The enterprise has prepared and published consolidated accounts and a consolidated report

OTHER DOCUMENTS TO BE FILED UNDER BELGIAN COMPANIES AND ASSOCIATIONS CODE

MANAGEMENT REPORT

Nr.	BE 0405.706.755	F-cap 10

SOCIAL BALANCE SHEET

Number of joint industrial committee:	200

STATEMENT OF THE PERSONS EMPLOYED

EMPLOYEES FOR WHOM THE ENTERPRISE SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER

During the current period	Codes	Total	1. Men	2. Women
Average number of employees
Full-time	1001	48,8	29,5	19,3
Part-time	1002	34,3	6,7	27,6
Total in full-time equivalents	1003	74,5	34,5	40,0
Number of hours actually worked
Full-time	1011	82.425	50.450	31.975
Part-time	1012	39.317	8.469	30.848
Total	1013	121.742	58.919	62.823
Personnel costs
Full-time	1021	3.329.438	2.178.047	1.151.391
Part-time	1022	1.801.597	387.428	1.414.169
Total	1023	5.131.035	2.565.475	2.565.560
Advantages in addition to wages	1033	71.437	33.082	38.355

During the preceding period	Codes	P. Total	1P. Men	2P. Women
Average number of employees in FTE	1003	71,3	32,8	38,5
Number of hours actually worked	1013	114.296	54.634	59.662
Personnel costs	1023	4.747.446	2.165.068	2.582.378
Advantages in addition to wages	1033	67.835	32.425	35.410

EMPLOYEES FOR WHOM THE ENTERPRISE SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER (continued)

At the closing date of the period	Codes	1. Full-time	2. Part-time	3. Total full-time equivalents
Number of employees	105	52	31	75,3
By nature of the employment contract
Contract for an indefinite period	110	52	29	74,0
Contract for a definite period	111		2	1,3
Contract for the execution of a specifically assigned work	112
Replacement contract	113
According to gender and study level
Men	120	31	7	36,2
primary education	1200	1		1,0
secondary education	1201	6		6,0
higher non-university education	1202	18	5	21,9
university education	1203	6	2	7,3
Women	121	21	24	39,1
primary education	1210		1	0,5
secondary education	1211	2	11	10,0
higher non-university education	1212	11	9	18,2
university education	1213	8	3	10,4
By professional category
Management staff	130
Employees	134	52	31	75,3
Workers	132
Others	133

HIRED TEMPORARY STAFF AND PERSONNEL PLACED AT THE ENTERPRISE'S DISPOSAL

During the period	Codes	1. Hired temporary staff	2. Persons placed at the enterprise's disposal
Average number of persons employed	150	2,4
Number of hours actually worked	151	4.234
Costs for the enterprise	152	138.940

LIST OF PERSONNEL MOVEMENTS DURING THE PERIOD

ENTRIES	Codes	1. Full-time	2. Part-time	3. Total full-time equivalents
Number of employees for whom the entreprise submitted a DIMONA declaration or who have been recorded in the general personnel register during the financial year	205	2	11	10,4
By nature of employment contract
Contract for an indefinite period	210	2	7	7,7
Contract for a definite period	211		4	2,7
Contract for the execution of a specifically assigned work	212
Replacement contract	213

DEPARTURES Codes 1. Full-time 2. Part-time 3. Total full-time

Number of employees whose contract-termination date has been entered in DIMONA declaration or in the general personnel register during the financial year	305	1	8	6,7
By nature of employment contract
Contract for an indefinite period	310	1	4	4,3
Contract for a definite period	311		4	2,4
Contract for the execution of a specifically assigned work	312
Replacement contract	313
By reason of termination of contract
Retirement	340
Unemployment with extra allowance from enterprise	341
Dismissal	342
Other reason	343	1	8	6,7
the number of persons who continue to render services to
the enterprise at least half-time on a self-employed basis	350

equivalents

F-cap 10

INFORMATION ON TRAINING PROVIDED TO EMPLOYEES DURING THE PERIOD

	Codes	Men	Codes	Women
Total of initiatives of formal professional training at the expense of the employer
Number of employees involved	5801	4	5811	7
Number of actual training hours	5802	94	5812	105
Net costs for the enterprise	5803	9.655	5813	10.284
of which gross costs directly linked to training	58031	10.466	58131	11.629
of which fees paid and paiments to collective funds	58032		58132
of which grants and other financial advantages received (to deduct)	58033	811	58133	1.345
Total of initiatives of less formal or informal professional training at the expense of the employer
Number of employees involved	5821	38	5831	49
Number of actual training hours	5822	735	5832	833
Net costs for the enterprise	5823	19.907	5833	33.204
Total of initiatives of initial professional training at the expense of the employer
Number of employees involved	5841		5851
Number of actual training hours	5842		5852
Net costs for the enterprise	5843		5853