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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

ASSAD

ASSAD · Bourse de Tunis · Consolidated statements

On this page
Company details
Legal name
L'Accumulateur Tunisien ASSAD
Listing
ASSAD on the Bourse de Tunis, active · ISIN TN0007140015 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · audited financial statements, final status not established · source

Read with these figures

  • Going-concern warning. The auditor's report for the year ended 31 December 2025 states a material uncertainty about whether the company can continue as a going concern, in a separate paragraph that does not modify the opinion. The opinion is qualified on another basis (below).
  • Qualified audit opinion. FY2025: Basis: 1. Contentieux de la société mère ATA avec la Douane Tunisienne; 2. Audit des états financiers de la filiale BATTERIES ASSAD ALGERIE SPA; 3. Abandon de l'activité « Plomb » par la filiale ENAS; 4. Rapport du commissaire aux comptes de la filiale « ASSAD International » (PDF p37, p38, p39). Details below.
  • Audited financial statements not confirmed as final. The published copy is unsigned. The going-concern warning comes from it. The FY2025 figures come from it.
  • Auditor's emphasis of matter. Observations: the auditors draw attention to (1) note B.2, the parent's 2025 revaluation of property, plant and equipment under NCT 5 (special revaluation reserve of 39 million dinars; some valuations rest on limited market data and the lowest expert value was applied) and (2) note VII, a tax verification of the parent for 2021 notified on 10 June 2026 (additional taxes of 189 KDT, VAT credit reduced by 73 KDT, tax losses carried forward reduced by 1.2 MDT), which the parent intends to contest; opinion not modified in respect of these points (p40)
Full wording and sources

  • Auditor's report, year to 2024-12-31: material uncertainty related to going concern (a separate paragraph that does not modify the opinion; the opinion is qualified on another basis, shown below)

    Incertitude significative liée à la continuité d'exploitation: Comme détaillé au niveau de la note VII aux états financiers « Contentieux avec la Douane Tunisienne et Incertitude liée à la continuité d'exploitation », la société mère ATA a déposé des demandes d'adhésion à l'amnistie douanière instituée par la loi de finances 2025, ce qui aurait pour effet de plafonner les pénalités douanières à un montant estimé à 23,2 millions de dinars. La direction estime par conséquent que le principe de continuité d'exploitation n'est pas remis en cause. Notre opinion n'est pas modifiée à l'égard de ce point. (PDF p31)

    Source: Avis des sociétés — Etats financiers consolidés, L'Accumulateur Tunisien ASSAD, arrêtés au 31 décembre 2024, p30 (dated 2025-06-17)

  • Auditor's report, year to 2025-12-31: material uncertainty related to going concern (a separate paragraph that does not modify the opinion; the opinion is qualified on another basis, shown below)

    Incertitude significative liée à la continuité d'exploitation: Comme indiqué dans la note VIII, ces événements et circonstances, conjugués à l'incertitude entourant le montant définitif des pénalités susceptibles d'être mises à la charge de la société mère, indiquent l'existence d'une incertitude significative susceptible de jeter un doute important sur la capacité de la société mère à poursuivre son exploitation. (PDF p39; 'Notre opinion n'est pas modifiée à l'égard de ce point', p40)

    Source: Avis des sociétés — Etats financiers consolidés, L'Accumulateur Tunisien ASSAD, arrêtés au 31 décembre 2025, p37 (dated 2026-06-19)

  • Auditor's report, year to 2025-12-31: qualified opinion ('except for')

    The auditor gives a qualified ('except for') opinion: apart from the matters it names, the statements are presented fairly. Figures are shown as printed; those affected by the named matters may be misstated. The joint auditors (M.T.B.F and Cabinet Sleheddine Zahaf) gave a qualified opinion ('opinion avec réserves') on the consolidated financial statements of L'Accumulateur Tunisien ASSAD for 2025. Except for the possible effects of four matters, they found the statements present fairly. The matters: a customs dispute in which the parent was fined 234 million dinars at first instance, whose outcome the auditors could not assess; inventories of 34.5 million dinars at the Algerian subsidiary that could not be verified; the abandoned lead activity at subsidiary ENAS (assets, inventories and a redundancy provision); and a missing audit report for subsidiary ASSAD International. The auditors also report a material uncertainty about the parent's ability to continue as a going concern. The published copy of the report shows the auditors' names and date but no visible signatures. Figures are shown as published. (auditor's report, PDF p37, p38, p39; verified on the page images 2026-10-08)

    Source: Avis des sociétés — Etats financiers consolidés, L'Accumulateur Tunisien ASSAD, arrêtés au 31 décembre 2025, p37 (dated 2026-06-19)

  • Auditor's report, year to 2024-12-31: qualified opinion ('except for')

    The auditor gives a qualified ('except for') opinion: apart from the matters it names, the statements are presented fairly. Figures are shown as printed; those affected by the named matters may be misstated. Fondement de l'opinion avec réserves (PDF p30-31): (1) customs dispute of the parent ATA: the Ben Arous court of first instance fined the parent and its former legal representative 234 million dinars on 11 July 2024 (appeal pending); the parent applied for the 2025 customs amnesty (customs proposal of 2 May 2025: 20.3 million dinars over 20 quarterly instalments) and for a second alleged offence (fines claimed 42 770 430 DT, estimated at 3 million dinars under the amnesty); the auditors consider that a provision for risks of 23.3 million dinars should have been recognised in the consolidated statements at 31 December 2024 ('sous réserve du point 1'); (2) the statutory auditor's report on subsidiary ASSAD International was not received ('incidences éventuelles du point 2').

    Source: Avis des sociétés — Etats financiers consolidés, L'Accumulateur Tunisien ASSAD, arrêtés au 31 décembre 2024, p30 (dated 2025-06-17)

  • Audited financial statements for 2025: final status not established

    The exchange's published notice reproduces the commissaires aux comptes' report on the consolidated statements (PDF pp37-43), opinion avec réserves, dated 'Fait à Tunis, le 19 juin 2026' and closed with typeset firm and partner names only (Les Commissaires aux Comptes Associés - M.T.B.F, Mohamed Lassaad BORJI; Cabinet Sleheddine ZAHAF, Sleheddine ZAHAF) and no signature (PDF p43, page image). Note IV (PDF p13) states the statements were arrêtés by the parent's board on 28 April 2026; no board signature is printed. A signed copy would settle the final status.

    Source: Avis des sociétés — Etats financiers consolidés, L'Accumulateur Tunisien ASSAD, arrêtés au 31 décembre 2025 (dated 2026-06-19)

  • Audited financial statements for 2024: final status not established

    The exchange's published notice reproduces the commissaires aux comptes' report on the consolidated statements (PDF pp30-34), opinion avec réserves, dated 'Fait à Tunis, le 17 juin 2025' and closed with typeset firm and partner names only (Les Commissaires aux Comptes Associés - M.T.B.F, Mohamed Lassaad BORJI; Cabinet ZAHAF & Associés, Mahmoud ZAHAF) and no signature (PDF p34, page image). No board approval date or signature is printed; the notice says the statements will be submitted to the ordinary general meeting of 10 July 2025 (PDF p1).

    Source: Avis des sociétés — Etats financiers consolidés, L'Accumulateur Tunisien ASSAD, arrêtés au 31 décembre 2024 (dated 2025-06-17)

  • Auditor's emphasis of matter

    Observations: the auditors draw attention to (1) note B.2, the parent's 2025 revaluation of property, plant and equipment under NCT 5 (special revaluation reserve of 39 million dinars; some valuations rest on limited market data and the lowest expert value was applied) and (2) note VII, a tax verification of the parent for 2021 notified on 10 June 2026 (additional taxes of 189 KDT, VAT credit reduced by 73 KDT, tax losses carried forward reduced by 1.2 MDT), which the parent intends to contest; opinion not modified in respect of these points (p40)

    Source: Avis des sociétés — Etats financiers consolidés, L'Accumulateur Tunisien ASSAD, arrêtés au 31 décembre 2025 (dated 2026-06-19)

  • Auditor's emphasis of matter

    No separate observation paragraph; the only key audit matters are the qualification points and the going-concern uncertainty (PDF p32).

    Source: Avis des sociétés — Etats financiers consolidés, L'Accumulateur Tunisien ASSAD, arrêtés au 31 décembre 2024 (dated 2025-06-17)

  • Revenue

    TND 143 million

    143,160,640 TND units · p4

    −6.7% vs 2024

  • Operating profit / (loss)

    TND 14.3 million

    14,322,764 TND units · p4

    −16.4% vs 2024

  • Profit / (loss) for the year

    TND 3.34 million

    3,342,143 TND units · p4

    +200.9% vs 2024

  • Total assets

    TND 203 million

    202,913,816 TND units · p2

    +29.6% vs 2024

  • Total equity

    Not reported in this filing

  • Cash from operations

    TND 13.1 million

    13,065,180 TND units · p5

    −51.8% vs 2024

Large amounts are rounded for reading (TND million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in TND units unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — audited financial statements, final status not established; reported for the year · source
  • FY2024 — audited financial statements, final status not established; comparative in the FY2025 filing · source
    • Auditor's report, year to 2024-12-31: material uncertainty related to going concern (a separate paragraph that does not modify the opinion; the opinion is qualified on another basis, shown below). Incertitude significative liée à la continuité d'exploitation: Comme détaillé au niveau de la note VII aux états financiers « Contentieux avec la Douane Tunisienne et Incertitude liée à la continuité d'exploitation », la société mère ATA a déposé des demandes d'adhésion à l'amnistie douanière instituée par la loi de finances 2025, ce qui aurait pour effet de plafonner les pénalités douanières à un montant estimé à 23,2 millions de dinars. La direction estime par conséquent que le principe de continuité d'exploitation n'est pas remis en cause. Notre opinion n'est pas modifiée à l'égard de ce point. (PDF p31)
    • Auditor's report, year to 2024-12-31: qualified opinion ('except for'). The auditor gives a qualified ('except for') opinion: apart from the matters it names, the statements are presented fairly. Figures are shown as printed; those affected by the named matters may be misstated. Fondement de l'opinion avec réserves (PDF p30-31): (1) customs dispute of the parent ATA: the Ben Arous court of first instance fined the parent and its former legal representative 234 million dinars on 11 July 2024 (appeal pending); the parent applied for the 2025 customs amnesty (customs proposal of 2 May 2025: 20.3 million dinars over 20 quarterly instalments) and for a second alleged offence (fines claimed 42 770 430 DT, estimated at 3 million dinars under the amnesty); the auditors consider that a provision for risks of 23.3 million dinars should have been recognised in the consolidated statements at 31 December 2024 ('sous réserve du point 1'); (2) the statutory auditor's report on subsidiary ASSAD International was not received ('incidences éventuelles du point 2').
  • FY2023 — audited financial statements, final status not established; comparative in the FY2024 filing · source
    • Audited financial statements for 2024: final status not established. The exchange's published notice reproduces the commissaires aux comptes' report on the consolidated statements (PDF pp30-34), opinion avec réserves, dated 'Fait à Tunis, le 17 juin 2025' and closed with typeset firm and partner names only (Les Commissaires aux Comptes Associés - M.T.B.F, Mohamed Lassaad BORJI; Cabinet ZAHAF & Associés, Mahmoud ZAHAF) and no signature (PDF p34, page image). No board approval date or signature is printed; the notice says the statements will be submitted to the ordinary general meeting of 10 July 2025 (PDF p1).
    • Auditor's emphasis of matter. No separate observation paragraph; the only key audit matters are the qualification points and the going-concern uncertainty (PDF p32).

Income statement

Income statement, TND units. Columns: FY2025 — audited financial statements (final status not established), as reported for the year; FY2024 — audited financial statements (final status not established), comparative reported in the audited financial statements for 2025; FY2023 — audited financial statements (final status not established), comparative reported in the audited financial statements for 2024.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filingsource limitationsFY2023Audited financial statementscomparative in FY2024 filingsource limitations
Revenus 143,160,640 153,364,385 117,571,055
Autres produits d'exploitation 33,448 39,133 49,568
Total des produits d'exploitation1 143,194,088 153,403,518 117,620,623
Variation des stocks des produits finis et23 6,363,206 625,466 6,507,884
Achats d'approvisonnements consommés4 (86,275,859) (95,245,924) (80,340,217)
Charges de personnel (30,046,712) (26,420,089) (23,404,879)
Dotations aux amortissements et prov5 (6,841,109) (4,501,872) (8,939,285)
Autres charges d'exploitation (12,070,850) (10,726,888) (10,311,262)
Total des charges d'exploitation6 (128,871,324) (136,269,307) (116,487,759)
RESULTAT D'EXPLOITATION 14,322,764 17,134,211 1,132,864
Produits des placements7 33,773 25,246 54,594
Charges financières nettes8 (10,769,048) (8,831,400) (10,495,695)
Autres gains ordinaires9 330,512 2,738,979 1,086,116
Autres pertes ordinaires10 (510,223) (9,533,292)11 (997,275)
RESULTAT DES ACTIVITES ORDINAIRES12 3,407,778 1,533,74413 (9,219,396)
Impôt sur les bénéfices (65,635) (423,001) (404,750)
CONSOLIDE14 3,342,143 1,110,74315 (9,624,146)
Quote-part des intérêts minoritaires16 (3,859) 269,062 25,837
Effet des modifications comptables17 (2,851,361) –18 Not reported in this filing19
RESULTAT NET DE L'EXERCICE APRES20 494,641 841,681 Not reported in this filing21
  1. Printed “-”, read as nil: subtotal_arithmetic: is.native.co_q70njqvrrg5r.result_after_accounting_changes.
Notes and alternative reported figures (20)
  1. “Total des produits d'exploitation” is an issuer-specific line, not mapped to a shared definition: Revenue plus other operating income.
  2. “Variation des stocks des produits finis et” is an issuer-specific line, not mapped to a shared definition: Printed among operating charges (positive: a stock increase).
  3. Printed under different labels across filings: “Variation des stocks des produits finis et”; “Variation des stocks des produits finis et des encours (+ou-)”.
  4. “Achats d'approvisonnements consommés” is an issuer-specific line, not mapped to a shared definition: Note R.3.
  5. “Dotations aux amortissements et prov” is an issuer-specific line, not mapped to a shared definition: Note R.5: depreciation and provisions.
  6. “Total des charges d'exploitation” is an issuer-specific line, not mapped to a shared definition: Operating charges, printed negative.
  7. “Produits des placements” is an issuer-specific line, not mapped to a shared definition: Note R.7.
  8. “Charges financières nettes” is an issuer-specific line, not mapped to a shared definition: Note R.8: net interest, exchange gains and losses, other financial income.
  9. “Autres gains ordinaires” is an issuer-specific line, not mapped to a shared definition: Note R.9.
  10. “Autres pertes ordinaires” is an issuer-specific line, not mapped to a shared definition: Note R.10 (restated 2024 includes the 2 851 361 customs fines).
  11. Audited financial statements dated 2025-06-17 prints -6 681 931 (units, p4) for this line and year.
  12. Printed under different labels across filings: “RESULTAT DES ACTIVITES ORDINAIRES”; “RESULTAT DES ACTIVITES ORDINAIRES AVANT IMPOT”.
  13. Audited financial statements dated 2025-06-17 prints 4 385 105 (units, p4) for this line and year.
  14. Printed under different labels across filings: “CONSOLIDE”; “RESULTAT NET DE L'ENSEMBLE”; “RESULTAT NET DE L'ENSEMBLE CONSOLIDE”.
  15. Audited financial statements dated 2025-06-17 prints 3 962 104 (units, p4) for this line and year.
  16. “Quote-part des intérêts minoritaires” is an issuer-specific line, not mapped to a shared definition: Minority interests' share of the consolidated result (deducted to reach the group share).
  17. “Effet des modifications comptables” is an issuer-specific line, not mapped to a shared definition: Note X: effect of the accounting change (prior-period customs fines), 2025 only.
  18. Not reported in this filing: Not printed: the FY2024 état de résultat consolidé (p4) has no 'Effet des modifications comptables' line in either year; after 'Impôt sur les bénéfices' it prints 'RESULTAT NET DE L'ENSEMBLE CONSOLIDE' (-9 624 146 for 2023), 'Quote-part des intérêts minoritaires' and 'RESULTAT NET PART DE GROUPE'. Checked on the page image (p4).
  19. “RESULTAT NET DE L'EXERCICE APRES” is an issuer-specific line, not mapped to a shared definition: Group share of the result after the effect of accounting changes.
  20. Not reported in this filing: Not printed: the FY2024 état de résultat consolidé (p4) has no 'RESULTAT NET DE L'EXERCICE APRES MODIFICATIONS COMPTABLES' line; its result lines are 'RESULTAT NET DE L'ENSEMBLE CONSOLIDE' (-9 624 146 for 2023) and 'RESULTAT NET PART DE GROUPE' (-9 649 983). Checked on the page image (p4).

Balance sheet

Balance sheet, TND units. Columns: FY2025 — audited financial statements (final status not established), as reported for the year; FY2024 — audited financial statements (final status not established), comparative reported in the audited financial statements for 2025; FY2023 — audited financial statements (final status not established), comparative reported in the audited financial statements for 2024.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filingsource limitationsFY2023Audited financial statementscomparative in FY2024 filingsource limitations
S/Total 5,224,140 5,490,865 5,940,086
S/Total 89,737,062 52,711,247 50,778,237
S/Total1 675,338 547,099 1,228,988
Total des actifs immobilisés2 95,636,540 58,749,211 57,947,311
Autres actifs non courants3 245,304 375,137 31,009
Total des actifs non courants 95,881,844 59,124,348 57,978,320
S/Total 58,576,271 53,635,406 49,953,521
S/Total 20,179,224 19,213,100 27,537,137
S/Total4 13,619,275 14,594,350 15,565,520
Placements et autres actifs5 868,099 776,581 679,843
Liquidités et équivalents de liquidités 13,789,103 9,237,512 9,272,610
Total des actifs courants 107,031,972 97,456,949 103,008,631
Total des actifs 202,913,816 156,581,297 160,986,951
Capital social 24,000,000 24,000,000 24,000,000
Réserves consolidées6 (5,635,023) (9,328,065) 998,265
Autres capitaux propres 99,188 1,321,002 325,138
Réserves spéciales de réévaluation 39,052,025 –7 Not reported in this filing8
Modifications comptables9 (2,851,361) –7 Not reported in this filing10
Total des capitaux propres avant résultat de1112 54,664,829 15,992,937 25,323,403
Résultat de l'exercice consolidé13 3,346,002 841,68114 (9,649,983)
Total des capitaux propres consolidés avant15 58,010,831 16,834,61816 15,673,420
Réserves des minoritaires17 35,229 (160,055) (200,965)
Résultat des minoritaires18 (3,859) 269,062 25,837
Total des intérêts minoritaires 31,370 109,007 (175,128)
Emprunts 13,472,298 23,837,111 37,254,780
Provisions19 8,348,057 5,713,515 4,245,922
Autres passifs non courants20 1,853,384 2,509,19721 17,179
Total des passifs non courants 23,673,739 32,059,82322 41,517,881
Fournisseurs et comptes rattachés 24,446,234 25,922,282 17,653,067
Autres passifs courants23 19,132,030 17,598,53924 16,702,037
Concours bancaires et autres passifs25 77,619,612 64,057,028 69,615,674
Total des passifs courants 121,197,876 107,577,84926 103,970,778
Total des passifs 144,871,615 139,637,67227 145,488,659
Total des capitaux propres et des passifs 202,913,816 156,581,29728 160,986,951
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.native.co_q70njqvrrg5r.equity_before_result.
Notes and alternative reported figures (27)
  1. “S/Total” is an issuer-specific line, not mapped to a shared definition: Note B.3: financial fixed assets less provisions ('S/Total').
  2. “Total des actifs immobilisés” is an issuer-specific line, not mapped to a shared definition: Subtotal of intangible, tangible and financial fixed assets.
  3. “Autres actifs non courants” is an issuer-specific line, not mapped to a shared definition: Note B.4: deferred charges (charges à répartir).
  4. “S/Total” is an issuer-specific line, not mapped to a shared definition: Note B.7: net of provisions ('S/Total').
  5. Printed under different labels across filings: “Placement et autres actifs financiers”; “Placements et autres actifs”.
  6. “Réserves consolidées” is an issuer-specific line, not mapped to a shared definition: Group consolidated reserves.
  7. Not reported in this filing: Not printed: the FY2024 bilan consolidé (p3) has no 'Réserves spéciales de réévaluation' line; equity is 'Capital social', 'Autres capitaux propres', 'Réserves consolidées' and 'Résultat de l'exercice consolidé'. Note B.10 (p18) shows the same lines. Checked on the page images (p3, p18).
  8. “Modifications comptables” is an issuer-specific line, not mapped to a shared definition: Note X: prior-period customs fines charged to equity (2025 only).
  9. Not reported in this filing: Not printed: the FY2024 bilan consolidé (p3) has no 'Modifications comptables' line in equity; equity is 'Capital social', 'Autres capitaux propres', 'Réserves consolidées' and 'Résultat de l'exercice consolidé'. Checked on the page image (p3).
  10. “Total des capitaux propres avant résultat de” is an issuer-specific line, not mapped to a shared definition: Group equity before the year's result.
  11. Printed under different labels across filings: “Total des capitaux propres avant resultat de l'exercice”; “Total des capitaux propres avant résultat de”.
  12. “Résultat de l'exercice consolidé” is an issuer-specific line, not mapped to a shared definition: The group share of the year's result shown within equity.
  13. Audited financial statements dated 2025-06-17 prints 3 693 042 (units, p3) for this line and year.
  14. Printed under different labels across filings: “Total des capitaux propres consolidés avant”; “Total des capitaux propres consolidés avant affectation”.
  15. Audited financial statements dated 2025-06-17 prints 19 685 979 (units, p3) for this line and year.
  16. “Réserves des minoritaires” is an issuer-specific line, not mapped to a shared definition: Note B.10.
  17. “Résultat des minoritaires” is an issuer-specific line, not mapped to a shared definition: Note B.10.
  18. “Provisions” is an issuer-specific line, not mapped to a shared definition: Note B.12: provisions for guarantees and for risks and charges.
  19. “Autres passifs non courants” is an issuer-specific line, not mapped to a shared definition: Note B.13: customs payment schedule beyond one year and other.
  20. Audited financial statements dated 2025-06-17 prints 85 541 (units, p3) for this line and year.
  21. Audited financial statements dated 2025-06-17 prints 29 636 167 (units, p3) for this line and year.
  22. “Autres passifs courants” is an issuer-specific line, not mapped to a shared definition: Note B.15.
  23. Audited financial statements dated 2025-06-17 prints 17 170 835 (units, p3) for this line and year.
  24. Printed under different labels across filings: “Concours bancaires et autres passifs”; “Concours bancaires et autres passifs financiers”.
  25. Audited financial statements dated 2025-06-17 prints 107 150 145 (units, p3) for this line and year.
  26. Audited financial statements dated 2025-06-17 prints 136 786 312 (units, p3) for this line and year.
  27. Audited financial statements dated 2025-06-17 prints 156 581 298 (units, p3) for this line and year.

Cash flow

Cash flow, TND units. Columns: FY2025 — audited financial statements (final status not established), as reported for the year; FY2024 — audited financial statements (final status not established), comparative reported in the audited financial statements for 2025; FY2023 — audited financial statements (final status not established), comparative reported in the audited financial statements for 2024.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filingsource limitationsFY2023Audited financial statementscomparative in FY2024 filingsource limitations
Résultat net de l'ensemble consolidé Après1 490,782 1,110,743 Not reported in this filing2
Effet des modifications comptables3 2,851,361 –4 Not reported in this filing5
Amortissements & provisions6 6,841,109 4,501,872 8,939,285
Variation des stocks7 (5,182,389) (3,391,172) (12,907,520)
Variation des créances8 592,968 9,547,450 16,468,853
Variation des autres actifs9 628,236 39,062 (1,773,372)
Variation des fournisseurs10 5,771,456 12,661,432 5,822,232
Variation des autres passifs11 981,654 2,724,93912 2,458,158
Plus ou moins-value de cession13 91,274 (1,950) (9,698)
Autres variations et ajustements14 –4 (74,879) –4
Quote-part des subventions d'investissements15 (1,271) (1,271) (1,271)
Flux de trésorerie provenant des activités d'exploitation 13,065,180 27,116,226 9,372,521
Décaissements affectés à l'acquisition d'immobilisations (2,603,183) (5,247,168) (4,494,063)
Encaissements provenant de la cession d'immobilisations 55,500 104,800 9,698
Décaissements affectés à l'acquisition d'immobilisations1617 (130,928) (7,303) (142,343)
Encaissements provenant de la cession d'immobilisations1819 –20 1,675,248 8,615
Décaissements affectés à l'acquisition d'actifs non courants2122 –20 (344,127)23 –20
Flux de trésorerie affectés aux activités24 (2,678,611) (3,818,550)25 (4,618,093)
Encaissement d'emprunts 1,500,000 –26 Not reported in this filing27
Remboursement d'emprunts (19,418,630) (11,744,809) (9,741,822)
Variation des crédits de gestion28 13,987,743 (7,114,527) 3,091,515
Flux de trésorerie affectés aux activités de financement (3,930,887) (18,859,336) (6,650,307)
INCIDENCES DES VARIATIONS DES TAUX DE CHANGE29 (1,294,322) 337,810 (5,078)
VARIATION DE TRESORERIE 5,161,360 4,776,150 (1,900,957)
Trésorerie au début de l'exercice 1,702,849 (3,073,301) (1,172,344)
Trésorerie à la clôture de l'exercice 6,864,209 1,702,849 (3,073,301)
Résultat net de l'ensemble consolidé30 Not reported in this filing31 Not reported in this filing3332 (9,624,146)
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  3. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (30)
  1. “Résultat net de l'ensemble consolidé Après” is an issuer-specific line, not mapped to a shared definition: Opening line of the indirect method (total including minorities, after the accounting change).
  2. Not reported in this filing: Not printed: the FY2024 état de flux de trésorerie consolidé (p5) starts from '- Résultat net de l'ensemble consolidé' (-9 624 146 for 2023, transcribed as cf_net_result); there is no 'Résultat net de l'ensemble consolidé Après modifications comptables' line. Checked on the page image (p5).
  3. “Effet des modifications comptables” is an issuer-specific line, not mapped to a shared definition: Add-back of the accounting change.
  4. Not reported in this filing: Not printed: the FY2024 état de flux de trésorerie consolidé (p5) has no 'Effet des modifications comptables' adjustment; its adjustments are Amortissements & provisions, variations of stocks, créances, autres actifs, fournisseurs, autres passifs, plus ou moins-value de cession, autres variations et ajustements and quote-part des subventions. Checked on the page image (p5).
  5. “Amortissements & provisions” is an issuer-specific line, not mapped to a shared definition: Adjustment.
  6. “Variation des stocks” is an issuer-specific line, not mapped to a shared definition: Adjustment.
  7. “Variation des créances” is an issuer-specific line, not mapped to a shared definition: Adjustment.
  8. “Variation des autres actifs” is an issuer-specific line, not mapped to a shared definition: Adjustment.
  9. “Variation des fournisseurs” is an issuer-specific line, not mapped to a shared definition: Adjustment.
  10. “Variation des autres passifs” is an issuer-specific line, not mapped to a shared definition: Adjustment (restated 2024).
  11. Audited financial statements dated 2025-06-17 prints -126 422 (units, p5) for this line and year.
  12. “Plus ou moins-value de cession” is an issuer-specific line, not mapped to a shared definition: Adjustment.
  13. “Autres variations et ajustements” is an issuer-specific line, not mapped to a shared definition: Adjustment.
  14. “Quote-part des subventions d'investissements” is an issuer-specific line, not mapped to a shared definition: Adjustment: investment grants released to income.
  15. “Décaissements affectés à l'acquisition d'immobilisations” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  16. Printed under different labels across filings: “Décaissements affectés à l'acquisition d'immobilisations”; “Décaissements liés aux immobilisations financières”.
  17. “Encaissements provenant de la cession d'immobilisations” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  18. Printed under different labels across filings: “Encaissements liés aux immobilisations”; “Encaissements provenant de la cession d'immobilisations”.
  19. “Décaissements affectés à l'acquisition d'actifs non courants” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  20. Printed under different labels across filings: “Décaissements affectés à l'acquisition d'actifs non courants”; “Décaissements liés aux actifs non courants”.
  21. Audited financial statements dated 2025-06-17 prints -344 128 (units, p5) for this line and year.
  22. Printed under different labels across filings: “Flux de trésorerie affectés aux activités”; “Flux de trésorerie affectés aux activités d'investissement”.
  23. Audited financial statements dated 2025-06-17 prints -3 818 551 (units, p5) for this line and year.
  24. Not reported in this filing: Not printed: the FY2024 état de flux de trésorerie consolidé (p5) has no 'Encaissement d'emprunts' line; its financing lines are '- Remboursement d'emprunts' and '- Variation des crédits de gestion'. Checked on the page image (p5).
  25. “Variation des crédits de gestion” is an issuer-specific line, not mapped to a shared definition: Financing activities: net change in working-capital credit lines.
  26. “INCIDENCES DES VARIATIONS DES TAUX DE CHANGE” is an issuer-specific line, not mapped to a shared definition: Effect of exchange-rate changes, included in the printed 'Variation de trésorerie'.
  27. “Résultat net de l'ensemble consolidé” is an issuer-specific line, not mapped to a shared definition: FY2024 document: opening line of the indirect method (total including minorities; no accounting changes in this year).
  28. Not reported in this filing: Not printed: the FY2025 état de flux de trésorerie consolidé (p5) starts from a single line '- Résultat net de l'ensemble consolidé Après modifications comptables' (490 782), already transcribed as cf_result_after_changes; there is no separate 'Résultat net de l'ensemble consolidé' line before accounting changes. Checked on the page image (p5).
  29. Audited financial statements dated 2025-06-17 presents this line for this year: 3 962 104 (p5). Not shown in this column, which follows one filing's presentation.
  30. Not reported in this filing: Not printed: the FY2025 état de flux de trésorerie consolidé (p5) starts from a single line '- Résultat net de l'ensemble consolidé Après modifications comptables' (1 110 743 in the restated 2024 column), already transcribed as cf_result_after_changes; there is no separate 'Résultat net de l'ensemble consolidé' line before accounting changes. Checked on the page image (p5).

Per share and shares

Per share and shares. Columns: FY2025 — audited financial statements (final status not established), as reported for the year; FY2024 — audited financial statements (final status not established), comparative reported in the audited financial statements for 2025; FY2023 — audited financial statements (final status not established), comparative reported in the audited financial statements for 2024.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filingsource limitationsFY2023Audited financial statementscomparative in FY2024 filingsource limitations
Profit / (loss) attributable to shareholders (TND units)2 3,346,002 841,6811 (9,649,983)
Notes and alternative reported figures (2)
  1. Audited financial statements dated 2025-06-17 prints 3 693 042 (units, p4) for this line and year.
  2. Profit / (loss) attributable to shareholders: printed as “RESULTAT NET PART DE GROUPE”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

No dividend statement or amount collected.

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Avis des sociétés — Etats financiers consolidés, L'Accumulateur Tunisien ASSAD, arrêtés au 31 décembre 2025

    Year ended 31 December 2025 · Audited financial statements · final status not established

    Audit: Les Commissaires aux Comptes Associés - M.T.B.F (Mohamed Lassaad Borji) and Cabinet Sleheddine Zahaf (Sleheddine Zahaf), qualified opinion · includes a material-uncertainty paragraph

    Auditor's sign-off: M.T.B.F, Mohamed Lassaad Borji; Cabinet Sleheddine Zahaf, Sleheddine Zahaf

    Final status: The exchange's published notice reproduces the commissaires aux comptes' report on the consolidated statements (PDF pp37-43), opinion avec réserves, dated 'Fait à Tunis, le 19 juin 2026' and closed with typeset firm and partner names only (Les Commissaires aux Comptes Associés - M.T.B.F, Mohamed Lassaad BORJI; Cabinet Sleheddine ZAHAF, Sleheddine ZAHAF) and no signature (PDF p43, page image). Note IV (PDF p13) states the statements were arrêtés by the parent's board on 28 April 2026; no board signature is printed. A signed copy would settle the final status.

    Document date
    19 Jun 2026
    Published
    23 Jun 2026
    Auditor's report
    19 Jun 2026
    Board approval
    28 Apr 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · TND units (printed “Exprimé en dinar”)
    • The joint auditors (M.T.B.F and Cabinet Sleheddine Zahaf) gave a qualified opinion ('opinion avec réserves') on the consolidated financial statements of L'Accumulateur Tunisien ASSAD for 2025. Except for the possible effects of four matters, they found the statements present fairly. The matters: a customs dispute in which the parent was fined 234 million dinars at first instance, whose outcome the auditors could not assess; inventories of 34.5 million dinars at the Algerian subsidiary that could not be verified; the abandoned lead activity at subsidiary ENAS (assets, inventories and a redundancy provision); and a missing audit report for subsidiary ASSAD International. The auditors also report a material uncertainty about the parent's ability to continue as a going concern. The published copy of the report shows the auditors' names and date but no visible signatures. Figures are shown as published. (auditor's report, PDF p37, p38, p39; verified on the page images 2026-10-08)
    • Basis: 1. Contentieux de la société mère ATA avec la Douane Tunisienne; 2. Audit des états financiers de la filiale BATTERIES ASSAD ALGERIE SPA; 3. Abandon de l'activité « Plomb » par la filiale ENAS; 4. Rapport du commissaire aux comptes de la filiale « ASSAD International » (PDF p37, p38, p39).
    • Opinion avec réserves (PDF p37): (1) customs litigation of the parent (fines of 234 million dinars at first instance, amnesty request pending), outcome and obligation not assessable; (2) the component auditor's documentation for Batteries Assad Algérie was not received, stocks of 34 484 812 DT not corroborated; (3) ENAS's abandoned lead activity (fixed assets 1 049 994 DT, stocks 2 596 195 DT, redundancy provision 339 531 DT); (4) the auditor's report on subsidiary ASSAD International was not received (PDF pp37-39).
    • Material uncertainty related to going concern of the parent (customs litigation; auditors' report PDF p39, note VIII).
    • Cash in the cash-flow statement (6 864 209; 2024: 1 702 849) is liquidités before provisions (13 828 679) less bank overdrafts (6 964 470) (note XIV, PDF p30); the bilan shows liquidités net of a provision of 39 576 (13 789 103) and the overdrafts inside 'Concours bancaires et autres passifs financiers' (note B.16), so the reconciliation uses amounts not printed on the face.
    • Three columns are printed on each statement (2025; 2024 retraité; 2024 as published). Only the first two are transcribed, both marked restated for the comparative.
    • Note X (PDF p17): a prior-period loss of 2 851 361 (customs fines) is recorded through 'Modifications comptables'. The restated 2024 column carries it in 'Autres pertes ordinaires' (-9 533 292 against -6 681 931 as published) and in liabilities; the 2025 column prints it again as 'Effet des modifications comptables' below the group result and as an equity line 'Modifications comptables'. Figures kept as printed.
    Technical details
    File
    43 pages, with a text layer
    SHA-256
    e3eb4894cb53493937aae1ef9057691f9357241b6edad80d0faefef95e6a8973
    Entity as printed
    Groupe « L'Accumulateur Tunisien ASSAD » (société mère L'Accumulateur Tunisien ASSAD « ATA » and subsidiaries)
    Exchange copy
    retrieved 2026-10-08T18:07:33Z

  • Avis des sociétés — Etats financiers consolidés, L'Accumulateur Tunisien ASSAD, arrêtés au 31 décembre 2024

    Year ended 31 December 2024 · Audited financial statements · final status not established

    Audit: Les Commissaires aux Comptes Associés - M.T.B.F (Mohamed Lassaad Borji) and Cabinet ZAHAF & Associés (Mahmoud Zahaf), qualified opinion · includes a material-uncertainty paragraph

    Auditor's sign-off: M.T.B.F, Mohamed Lassaad Borji; Cabinet ZAHAF & Associés, Mahmoud Zahaf (typeset; no signature)

    Final status: The exchange's published notice reproduces the commissaires aux comptes' report on the consolidated statements (PDF pp30-34), opinion avec réserves, dated 'Fait à Tunis, le 17 juin 2025' and closed with typeset firm and partner names only (Les Commissaires aux Comptes Associés - M.T.B.F, Mohamed Lassaad BORJI; Cabinet ZAHAF & Associés, Mahmoud ZAHAF) and no signature (PDF p34, page image). No board approval date or signature is printed; the notice says the statements will be submitted to the ordinary general meeting of 10 July 2025 (PDF p1).

    Document date
    17 Jun 2025
    Auditor's report
    17 Jun 2025
    Board approval
    date not found in this document
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2023
    Basis
    consolidated statements · TND units (printed “Exprimé en dinar”)
    • the auditors report an unrecorded provision of about 23.3 million dinars, more than reported group equity (19.7 million dinars); the same matter affects comparability between years.
    • Fondement de l'opinion avec réserves (PDF p30-31): (1) customs dispute of the parent ATA: the Ben Arous court of first instance fined the parent and its former legal representative 234 million dinars on 11 July 2024 (appeal pending); the parent applied for the 2025 customs amnesty (customs proposal of 2 May 2025: 20.3 million dinars over 20 quarterly instalments) and for a second alleged offence (fines claimed 42 770 430 DT, estimated at 3 million dinars under the amnesty); the auditors consider that a provision for risks of 23.3 million dinars should have been recognised in the consolidated statements at 31 December 2024 ('sous réserve du point 1'); (2) the statutory auditor's report on subsidiary ASSAD International was not received ('incidences éventuelles du point 2').
    • Basis: 1. Contentieux de la société mère ATA avec la Douane Tunisienne (provision of 23.3 MDT not recognised); 2. Rapport du commissaire aux comptes de la filiale « ASSAD International » not received (PDF p30, p31).
    • Total des capitaux propres et des passifs 2024 is printed 156 581 298 against total des actifs 156 581 297 (PDF p2-3); the cash-flow components sum to 4 776 149 against the printed 'Variation de trésorerie' 4 776 150 (p5). Kept as printed.
    • Cash in the cash-flow statement (1 702 849; 2023: -3 073 301) is liquidités net of bank overdrafts; the bilan shows liquidités (9 237 512) and the overdrafts inside 'Concours bancaires et autres passifs financiers' (note B.15), so the reconciliation uses amounts not printed on the face.
    • Impôt sur les bénéfices is printed as a positive amount and deducted (p4); recorded with sign negate.
    Technical details
    File
    34 pages, with a text layer
    SHA-256
    b770846311d030c0adb751344e714fa9936f9d5ba22b9a9744eabcdad8b8a725
    Entity as printed
    Groupe « L'accumulateur Tunisien ASSAD » (société mère L'Accumulateur Tunisien ASSAD « ATA » and subsidiaries)
    Exchange copy
    retrieved 2026-10-08T18:09:27Z

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