14. Non-current loans and investments
| in thousand EUR | 2021 | 2020 | ||
|---|---|---|---|---|
| Non-current loans, associates | 394 | 365 | ||
| NIBO investment | 26 | 25 | ||
| Total non-current loans and investments | 420 | 390 |
The loan to associates was granted in connection with the investment in Compagnie des Placages de la Lowé S.A.
The investment in Nederlandse Internationale Bosbouw Onderneming NV (NIBO) is placed in USD with a value of USD 27 306.