3J
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 76% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 1 | - |
| part-time | 1 | - |
| in full-time equivalents | 0.5 | - |
| Average over the year, in full-time equivalents | 0.1 | 0.7 |
| On a permanent contract | 1 | - |
| Joined | 3 | 8 |
| Left | 2 | 9 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €20,000 | €4,304 |
| Intangible fixed assets | €50,000 | €1,820 |
| Depreciation and write-downs of the year | €7,852 | €15,713 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €34,866 | €23,067 | ▼ 33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,852 | €15,713 | ▲ 100% |
| Other operating charges640/8 | €11,632 | €955 | ▼ 91.8% |
| Gross operating margin9900 | €78,158 | €45,554 | ▼ 41.7% |
| Operating profit (loss)9901 | €23,808 | €5,818 | ▼ 75.6% |
| Financial income75/76B | - | €160 | - |
| Recurring financial income75 | - | €160 | - |
| Financial charges65/66B | €1,958 | €4,546 | ▲ 132% |
| Recurring financial charges65 | €1,958 | €4,546 | ▲ 132% |
| Profit (loss) for the period before taxes9903 | €21,850 | €1,432 | ▼ 93.4% |
| Income taxes67/77 | €4,616 | €1,035 | ▼ 77.6% |
| Profit (loss) for the period9904 | €17,234 | €397 | ▼ 97.7% |
| Profit (loss) for the period to be appropriated9905 | €17,234 | €397 | ▼ 97.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €111,272 | €97,070 | ▼ 12.8% |
| Formation expenses20 | €966 | - | - |
| Fixed assets21/28 | €63,114 | €54,491 | ▼ 13.7% |
| Intangible fixed assets21 | €46,438 | €40,988 | ▼ 11.7% |
| Tangible fixed assets22/27 | €16,676 | €13,503 | ▼ 19.0% |
| Plant, machinery and equipment23 | €16,676 | €11,800 | ▼ 29.2% |
| Furniture and vehicles24 | - | €1,704 | - |
| Current assets29/58 | €47,192 | €42,579 | ▼ 9.8% |
| Stocks and contracts in progress3 | €5,521 | €8,395 | ▲ 52.0% |
| Stocks30/36 | €5,521 | €8,395 | ▲ 52.0% |
| Amounts receivable within one year40/41 | €1,232 | €9,839 | ▲ 699% |
| Trade receivables40 | €624 | €3,959 | ▲ 534% |
| Other amounts receivable41 | €608 | €5,880 | ▲ 867% |
| Cash at bank and in hand54/58 | €38,920 | €22,799 | ▼ 41.4% |
| Deferred charges and accrued income490/1 | €1,519 | €1,545 | ▲ 1.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €111,272 | €97,070 | ▼ 12.8% |
| Equity10/15 | €20,234 | €18,913 | ▼ 6.5% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €17,234 | €15,913 | ▼ 7.7% |
| Amounts payable17/49 | €91,038 | €78,157 | ▼ 14.1% |
| Amounts payable after more than one year17 | €53,088 | €39,605 | ▼ 25.4% |
| Financial debts170/4 | €53,088 | €39,605 | ▼ 25.4% |
| Amounts payable within one year42/48 | €37,950 | €38,552 | ▲ 1.6% |
| Current portion of amounts payable after more than one year42 | €12,794 | €13,482 | ▲ 5.4% |
| Trade debts44 | €9,504 | €15,351 | ▲ 61.5% |
| Suppliers440/4 | €9,504 | €15,351 | ▲ 61.5% |
| Taxes, remuneration and social security45 | €7,316 | €9,719 | ▲ 32.8% |
| Taxes450/3 | €5,091 | €6,548 | ▲ 28.6% |
| Remuneration and social security454/9 | €2,225 | €3,171 | ▲ 42.5% |
| Other amounts payable47/48 | €8,336 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €17,234 | €397 | ▼ 97.7% |
| + Depreciation and write-downs630 | €7,852 | €15,713 | ▲ 100% |
| Operating cash flow (approximation) | €25,086 | €16,110 | ▼ 35.8% |
| Investment in fixed assets (approximation) | - | -€7,090 | - |
| Change in cash | - | -€16,121 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,542 companies had the same profile as 3J has now. Two years later, 94.9% were still going and 3.5% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of 3J itself: 2.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,542 companies, not a prediction for 3J. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.