BJPC
ActiveFinancials · financial year 2025, unclassified schema
Annual accounts 2025 filed on 14-04-2026 PDF all 20 filings
Turnover
€23,109▲ 2.7%
2024 · €22,493
EBIT margin
69.4%▲ 1.5pp
2024 · 67.9%
Net result
€10,372▼ 12.9%
2024 · €11,902
Working capital
-€39,934▲ 20.6%
2024 · -€50,306
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€23,109
▲ 2.7%
2025
20182025
Operating result
€16,029
▲ 5.0%
2025
20182025
Net result
€10,372
▼ 12.9%
2025
20182025
EBIT margin
69.4%
▲ 1.5pp
2025
20182025
Equity
€176,638
▲ 6.2%
2025
20182025
Total assets
€217,947
▼ 1.1%
2025
20182025
Debt
€41,309
▼ 23.7%
2025
20182025
Working capital
-€39,934
▲ 20.6%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€7,378-€7,547▲ 2.3%€13,352▲ 76.9%€19,298▲ 44.5%€20,086▲ 4.1%€21,474▲ 6.9%€22,493▲ 4.7%€23,109▲ 2.7%
Operating result€4,678-€4,336▼ 7.3%€9,720▲ 124%€16,028▲ 64.9%€17,057▲ 6.4%€14,637▼ 14.2%€15,264▲ 4.3%€16,029▲ 5.0%
Net result€849-€640▼ 24.7%€6,203▲ 870%€12,833▲ 107%€14,120▲ 10.0%€10,987▼ 22.2%€11,902▲ 8.3%€10,372▼ 12.9%
EBIT margin63.4%-57.5%▼ 6.0pp72.8%▲ 15.3pp83.1%▲ 10.3pp84.9%▲ 1.9pp68.2%▼ 16.8pp67.9%▼ 0.3pp69.4%▲ 1.5pp
Equity€109,581-€110,220▲ 0.6%€116,423▲ 5.6%€129,256▲ 11.0%€143,376▲ 10.9%€154,364▲ 7.7%€166,266▲ 7.7%€176,638▲ 6.2%
Total assets€220,428-€218,699▼ 0.8%€220,204▲ 0.7%€220,681▲ 0.2%€217,035▼ 1.7%€217,223▲ 0.1%€220,432▲ 1.5%€217,947▼ 1.1%
Debt€110,848-€108,479▼ 2.1%€103,781▼ 4.3%€91,425▼ 11.9%€73,659▼ 19.4%€62,859▼ 14.7%€54,166▼ 13.8%€41,309▼ 23.7%
Working capital-€106,991--€106,352▲ 0.6%-€100,149▲ 5.8%-€87,316▲ 12.8%-€73,196▲ 16.2%-€62,208▲ 15.0%-€50,306▲ 19.1%-€39,934▲ 20.6%
The operating result for 2025 is 5% higher than in 2024. It is the second rise in a row, after the fall in 2023.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €217,947
Fixed assets
€216,572 =
Current assets
€1,375 ▼ 64.4%
Equity and liabilities €217,947
Equity
€176,638 ▲ 6.2%
Debt
€41,309 ▼ 23.7%
Debt's share of the balance-sheet total falls from 24.6% to 19.0%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.03▼
2024 · 0.07
Debt to equity
0.23▼
2024 · 0.33
ROE
5.9%▼
2024 · 7.2%
ROA
4.8%▼
2024 · 5.4%
Debt ≤ 1 year
€41,309▼
2024 · €54,166
Income taxes
€3,782▲
2024 · €200
Customer credit
0 days▼
2024 · 26 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €19,298 | €20,086 | €21,474 | €22,493 | €23,109 | ▲ 2.7% |
| Turnover70 | €7,378 | €7,547 | €13,352 | €19,298 | €20,086 | €21,474 | €22,493 | €23,109 | ▲ 2.7% |
| Operating charges60/66A | - | - | - | €3,270 | €3,029 | €6,836 | €7,229 | €7,080 | ▼ 2.1% |
| Services and other goods61 | - | - | - | €2,169 | €1,902 | €5,550 | €5,944 | €5,234 | ▼ 11.9% |
| Other operating charges640/8 | - | - | - | €1,100 | €1,127 | €1,286 | €1,285 | €1,846 | ▲ 43.6% |
| Operating profit (loss)9901 | €4,678 | €4,336 | €9,720 | €16,028 | €17,057 | €14,637 | €15,264 | €16,029 | ▲ 5.0% |
| Financial charges65/66B | - | - | - | €3,195 | €2,936 | €3,650 | €3,162 | €1,875 | ▼ 40.7% |
| Recurring financial charges65 | €3,828 | €3,696 | €3,517 | €3,195 | €2,936 | €3,650 | €3,162 | €1,875 | ▼ 40.7% |
| Debt charges650 | €3,738 | €3,591 | €3,397 | €2,946 | €2,670 | €3,384 | €2,896 | €1,550 | ▼ 46.5% |
| Other financial charges652/9 | - | - | - | €249 | €266 | €266 | €266 | €325 | ▲ 22.2% |
| Profit (loss) for the period before taxes9903 | €849 | €640 | €6,203 | €12,833 | €14,120 | €10,987 | €12,102 | €14,154 | ▲ 17.0% |
| Income taxes67/77 | - | - | - | - | - | - | €200 | €3,782 | ▲ 19× |
| Taxes670/3 | - | - | - | - | - | - | €200 | €3,800 | ▲ 19× |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | - | - | €18 | - |
| Profit (loss) for the period9904 | €849 | €640 | €6,203 | €12,833 | €14,120 | €10,987 | €11,902 | €10,372 | ▼ 12.9% |
| Profit (loss) for the period to be appropriated9905 | €849 | €640 | €6,203 | €12,833 | €14,120 | €10,987 | €11,902 | €10,372 | ▼ 12.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €220,428 | €218,699 | €220,204 | €220,681 | €217,035 | €217,223 | €220,432 | €217,947 | ▼ 1.1% |
| Fixed assets21/28 | €216,572 | €216,572 | €216,572 | €216,572 | €216,572 | €216,572 | €216,572 | €216,572 | = |
| Tangible fixed assets22/27 | €216,572 | €216,572 | €216,572 | €216,572 | €216,572 | €216,572 | €216,572 | €216,572 | = |
| Land and buildings22 | - | - | - | €216,572 | €216,572 | €216,572 | €216,572 | €216,572 | = |
| Current assets29/58 | €3,856 | €2,127 | €3,632 | €4,109 | €463 | €651 | €3,860 | €1,375 | ▼ 64.4% |
| Stocks and contracts in progress3 | - | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | - | - | €167 | €0 | - | €197 | €1,616 | €0 | ▼ 100% |
| Trade receivables40 | - | - | - | €0 | - | €197 | €1,616 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €3,856 | €2,127 | €3,465 | €4,109 | €463 | €455 | €2,244 | €1,375 | ▼ 38.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €220,428 | €218,699 | €220,204 | €220,681 | €217,035 | €217,223 | €220,432 | €217,947 | ▼ 1.1% |
| Equity10/15 | €109,581 | €110,220 | €116,423 | €129,256 | €143,376 | €154,364 | €166,266 | €176,638 | ▲ 6.2% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €87,581 | €88,220 | €94,423 | €107,256 | €121,376 | €132,364 | €144,266 | €154,638 | ▲ 7.2% |
| Amounts payable17/49 | €110,848 | €108,479 | €103,781 | €91,425 | €73,659 | €62,859 | €54,166 | €41,309 | ▼ 23.7% |
| Amounts payable within one year42/48 | €110,848 | €108,479 | €103,781 | €91,425 | €73,659 | €62,859 | €54,166 | €41,309 | ▼ 23.7% |
| Trade debts44 | €605 | €605 | €167 | €0 | - | - | €3,412 | €260 | ▼ 92.4% |
| Suppliers440/4 | - | - | - | €0 | - | - | €3,412 | €260 | ▼ 92.4% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €200 | €2,482 | ▲ 12× |
| Taxes450/3 | - | - | - | - | - | - | €200 | €2,482 | ▲ 12× |
| Other amounts payable47/48 | - | - | - | €91,425 | €73,659 | €62,859 | €50,554 | €38,567 | ▼ 23.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €849 | €640 | €6,203 | €12,833 | €14,120 | €10,987 | €11,902 | €10,372 | ▼ 12.9% |
| Operating cash flow (approximation) | €849 | €640 | €6,203 | €12,833 | €14,120 | €10,987 | €11,902 | €10,372 | ▼ 12.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,729 | €1,338 | €644 | -€3,646 | -€9 | €1,789 | -€869 | - |
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, 17,041 companies had the same profile as BJPC has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BJPC itself: 0.3% 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 17,041 companies, not a prediction for BJPC. 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.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | unclassified schema | 14-04-2026 | 2026-00080136 | |
| 31-12-2024 | unclassified schema | 08-04-2025 | 2025-00067391 | |
| 31-12-2023 | unclassified schema | 04-04-2024 | 2024-00059281 | |
| 31-12-2022 | unclassified schema | 19-06-2023 | 2023-00144455 | |
| 31-12-2021 | unclassified schema | 23-06-2022 | 2022-20097136 | |
| 31-12-2020 | unclassified schema | 01-07-2021 | 2021-30300325 | |
| 31-12-2019 | full format | 07-07-2020 | 2020-27400269 | |
| 31-12-2018 | full format | 24-06-2019 | 2019-21900477 | |
| 31-12-2017 | full format | 05-07-2018 | 2018-28900471 | |
| 31-12-2016 | full format | 19-06-2017 | 2017-18300490 |