BCJM
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 28-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 1% higher 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.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Intangible fixed assets | €1,199 | - |
| Depreciation and write-downs of the year | €569 | €630 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €569 | €630 | ▲ 10.8% |
| Gross operating margin9900 | €8,070 | €8,234 | ▲ 2.0% |
| Operating profit (loss)9901 | €7,501 | €7,604 | ▲ 1.4% |
| Financial charges65/66B | €25 | €66 | ▲ 163% |
| Recurring financial charges65 | €25 | €66 | ▲ 163% |
| Profit (loss) for the period before taxes9903 | €7,476 | €7,538 | ▲ 0.8% |
| Income taxes67/77 | €1,495 | €1,916 | ▲ 28.1% |
| Profit (loss) for the period9904 | €5,981 | €5,622 | ▼ 6.0% |
| Profit (loss) for the period to be appropriated9905 | €5,981 | €5,622 | ▼ 6.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €10,997 | €18,323 | ▲ 66.6% |
| Fixed assets21/28 | €630 | - | - |
| Intangible fixed assets21 | €630 | - | - |
| Current assets29/58 | €10,367 | €18,323 | ▲ 76.7% |
| Amounts receivable within one year40/41 | €666 | €3,157 | ▲ 374% |
| Trade receivables40 | €666 | - | - |
| Other amounts receivable41 | - | €3,157 | - |
| Cash at bank and in hand54/58 | €9,701 | €12,794 | ▲ 31.9% |
| Deferred charges and accrued income490/1 | - | €2,372 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €10,997 | €18,323 | ▲ 66.6% |
| Equity10/15 | €7,981 | €13,603 | ▲ 70.4% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €5,981 | €11,603 | ▲ 94.0% |
| Amounts payable17/49 | €3,017 | €4,720 | ▲ 56.5% |
| Amounts payable within one year42/48 | €3,017 | €3,129 | ▲ 3.7% |
| Trade debts44 | €171 | €726 | ▲ 324% |
| Suppliers440/4 | - | €726 | - |
| Bills of exchange payable441 | €171 | - | - |
| Taxes, remuneration and social security45 | €1,938 | €1,495 | ▼ 22.8% |
| Taxes450/3 | €1,938 | €1,495 | ▼ 22.8% |
| Other amounts payable47/48 | €908 | €908 | = |
| Accrued charges and deferred income492/3 | - | €1,592 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €5,981 | €5,622 | ▼ 6.0% |
| + Depreciation and write-downs630 | €569 | €630 | ▲ 10.8% |
| Operating cash flow (approximation) | €6,549 | €6,253 | ▼ 4.5% |
| Change in cash | - | €3,093 | - |
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, 39,278 companies had the same profile as BCJM has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BCJM itself: 0.8% 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 39,278 companies, not a prediction for BCJM. 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.