BJVS
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 06-03-2026 PDF all 12 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €81,000
Estimated: probably between €65,000 and €130,000
Total assets
€501,417▲ 1.4%
2024 · €494,378
Net result
€25,821▲ 45.1%
2024 · €17,798
Working capital
-€238,039▼ 25.2%
2024 · -€190,148
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€39,437
▼ 6.9%
2025
20182025
Net result
€25,821
▲ 45.1%
2025
middle half of the sector
20182025
Equity
€173,471
▼ 6.0%
2025
middle half of the sector
20182025
Total assets
€501,417
▲ 1.4%
2025
middle half of the sector
20182025
Debt
€327,946
▲ 5.8%
2025
20182025
Working capital
-€238,039
▼ 25.2%
2025
lowest quarter of the sector
20182025
Solvency
34.6%
▼ 2.7pp
2025
middle half of the sector
20182025
Current ratio
0.06
▲ 0.02
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
5.1%
▲ 1.5pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€42,844-€42,310▼ 1.2%€41,442▼ 2.1%€42,038▲ 1.4%€40,133▼ 4.5%€36,862▼ 8.2%€42,347▲ 14.9%€39,437▼ 6.9%
Net result€22,960-€17,986▼ 21.7%€19,205within the sector's middle half▲ 6.8%€20,195within the sector's middle half▲ 5.2%€28,505within the sector's middle half▲ 41.1%€25,412within the sector's middle half▼ 10.8%€17,798within the sector's middle half▼ 30.0%€25,821within the sector's middle half▲ 45.1%
Equity€107,616-€125,602▲ 16.7%€144,007within the sector's middle half▲ 14.7%€162,602within the sector's middle half▲ 12.9%€172,113within the sector's middle half▲ 5.8%€185,392within the sector's middle half▲ 7.7%€184,515within the sector's middle half▼ 0.5%€173,471within the sector's middle half▼ 6.0%
Total assets€488,932-€519,964▲ 6.3%€515,498within the sector's middle half▼ 0.9%€505,837within the sector's middle half▼ 1.9%€504,392within the sector's middle half▼ 0.3%€501,640within the sector's middle half▼ 0.5%€494,378within the sector's middle half▼ 1.4%€501,417within the sector's middle half▲ 1.4%
Debt€381,315-€394,362▲ 3.4%€371,491▼ 5.8%€343,234▼ 7.6%€332,279▼ 3.2%€316,248▼ 4.8%€309,863▼ 2.0%€327,946▲ 5.8%
Working capital-€69,713--€80,365▼ 15.3%-€93,884below the sector's middle half▼ 16.8%-€108,222below the sector's middle half▼ 15.3%-€135,431below the sector's middle half▼ 25.1%-€155,883below the sector's middle half▼ 15.1%-€190,148below the sector's middle half▼ 22.0%-€238,039below the sector's middle half▼ 25.2%
Solvency22.0%-24.2%▲ 2.1pp27.9%within the sector's middle half▲ 3.8pp32.1%within the sector's middle half▲ 4.2pp34.1%within the sector's middle half▲ 2.0pp37.0%within the sector's middle half▲ 2.8pp37.3%within the sector's middle half▲ 0.4pp34.6%within the sector's middle half▼ 2.7pp
Current ratio0.04-0.30▲ 0.260.24below the sector's middle half▼ 0.060.15below the sector's middle half▼ 0.080.09below the sector's middle half▼ 0.060.07below the sector's middle half▼ 0.020.03below the sector's middle half▼ 0.040.06below the sector's middle half▲ 0.02
Return on assets (ROA)4.7%-3.5%▼ 1.2pp3.7%within the sector's middle half▲ 0.3pp4.0%within the sector's middle half▲ 0.3pp5.7%within the sector's middle half▲ 1.7pp5.1%within the sector's middle half▼ 0.6pp3.6%within the sector's middle half▼ 1.5pp5.1%within the sector's middle half▲ 1.5pp
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 7% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €501,417
Fixed assets
€486,884 ▼ 0.2%
Current assets
€14,534 ▲ 123%
Equity and liabilities €501,417
Equity
€173,471 ▼ 6.0%
Debt
€327,946 ▲ 5.8%
Debt's share of the balance-sheet total rises from 62.7% to 65.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€41,045▼
2024 · €43,832
Cash flow
€27,428▲
2024 · €19,283
Debt to equity
1.89▲
2024 · 1.68
ROE
14.9%▲
2024 · 9.6%
Interest coverage
3.03▲
2024 · 2.94
Debt ≤ 1 year
€252,572▲
2024 · €196,655
Debt > 1 year
€69,063▼
2024 · €106,773
Income taxes
€10,082▲
2024 · €9,629
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €5,941 | - | - | €620 |
| Depreciation and write-downs of the year | - | €1,095 | €1,485 | €1,485 | €1,607 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €0 | €0 | - | €1,095 | €1,485 | €1,485 | €1,607 | ▲ 8.2% |
| Other operating charges640/8 | - | - | - | €522 | €450 | €621 | €590 | €695 | ▲ 17.7% |
| Gross operating margin9900 | €43,357 | €42,944 | €42,159 | €42,560 | €41,677 | €38,968 | €44,422 | €41,740 | ▼ 6.0% |
| Operating profit (loss)9901 | €42,844 | €42,310 | €41,442 | €42,038 | €40,133 | €36,862 | €42,347 | €39,437 | ▼ 6.9% |
| Financial income75/76B | - | - | - | - | €10,000 | €10,000 | - | €10,000 | - |
| Recurring financial income75 | €1,720 | €0 | €0 | - | €10,000 | €10,000 | - | €10,000 | - |
| Financial charges65/66B | - | - | - | €12,418 | €11,660 | €12,924 | €14,920 | €13,535 | ▼ 9.3% |
| Recurring financial charges65 | €11,901 | €14,194 | €13,276 | €12,418 | €11,660 | €12,924 | €14,920 | €13,535 | ▼ 9.3% |
| Profit (loss) for the period before taxes9903 | €32,662 | €28,117 | €28,167 | €29,620 | €38,473 | €33,938 | €27,427 | €35,903 | ▲ 30.9% |
| Income taxes67/77 | €9,702 | €10,130 | €8,962 | €9,424 | €9,969 | €8,526 | €9,629 | €10,082 | ▲ 4.7% |
| Profit (loss) for the period9904 | €22,960 | €17,986 | €19,205 | €20,195 | €28,505 | €25,412 | €17,798 | €25,821 | ▲ 45.1% |
| Profit (loss) for the period to be appropriated9905 | €22,960 | €17,986 | €19,205 | €20,195 | €28,505 | €25,412 | €17,798 | €25,821 | ▲ 45.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €488,932 | €519,964 | €515,498 | €505,837 | €504,392 | €501,640 | €494,378 | €501,417 | ▲ 1.4% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €485,995 | €485,995 | €485,995 | €485,995 | €490,841 | €489,356 | €487,871 | €486,884 | ▼ 0.2% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | - | - | - | - | €4,847 | €3,361 | €1,876 | €889 | ▼ 52.6% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €498 | - |
| Furniture and vehicles24 | - | - | - | - | €4,847 | €3,361 | €1,876 | €391 | ▼ 79.2% |
| Financial fixed assets28 | €485,995 | €485,995 | €485,995 | €485,995 | €485,995 | €485,995 | €485,995 | €485,995 | = |
| Current assets29/58 | €2,937 | €33,969 | €29,504 | €19,842 | €13,551 | €12,284 | €6,507 | €14,534 | ▲ 123% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €60 | €32,818 | €27,221 | €17,934 | €12,883 | €6,914 | €6,050 | €13,207 | ▲ 118% |
| Trade receivables40 | - | - | - | - | - | - | €6,050 | €9,075 | ▲ 50.0% |
| Other amounts receivable41 | - | - | - | €17,934 | €12,883 | €6,914 | - | €4,132 | - |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €2,877 | €1,151 | €2,283 | €1,908 | €668 | €5,370 | €457 | €1,304 | ▲ 185% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €22 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €488,932 | €519,964 | €515,498 | €505,837 | €504,392 | €501,640 | €494,378 | €501,417 | ▲ 1.4% |
| Equity10/15 | €107,616 | €125,602 | €144,007 | €162,602 | €172,113 | €185,392 | €184,515 | €173,471 | ▼ 6.0% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €95,216 | €113,202 | €131,607 | €150,202 | €159,713 | €166,842 | €165,965 | €154,921 | ▼ 6.7% |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | - | - | - | - |
| Distributable reserves133 | - | - | - | €148,347 | €157,858 | €166,842 | €165,965 | €154,921 | ▼ 6.7% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - | - | - | - | - |
| Amounts payable17/49 | €381,315 | €394,362 | €371,491 | €343,234 | €332,279 | €316,248 | €309,863 | €327,946 | ▲ 5.8% |
| Amounts payable after more than one year17 | €308,666 | €277,731 | €245,759 | €212,713 | €180,743 | €143,700 | €106,773 | €69,063 | ▼ 35.3% |
| Financial debts170/4 | - | - | - | €212,713 | €180,743 | €143,700 | €106,773 | €69,063 | ▼ 35.3% |
| Amounts payable within one year42/48 | €72,650 | €114,334 | €123,388 | €128,064 | €148,982 | €168,167 | €196,655 | €252,572 | ▲ 28.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €33,046 | €35,855 | €37,043 | €36,927 | €37,710 | ▲ 2.1% |
| Trade debts44 | €16,924 | €102 | €3,681 | €2,485 | - | €3,685 | €1,026 | - | - |
| Suppliers440/4 | - | - | - | €2,485 | - | €3,685 | €1,026 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €3,000 | €4,575 | €5,115 | €8,374 | €15,414 | ▲ 84.1% |
| Taxes450/3 | - | - | - | €3,000 | €4,575 | €5,115 | €8,374 | €15,414 | ▲ 84.1% |
| Other amounts payable47/48 | - | - | - | €89,533 | €108,552 | €122,324 | €150,328 | €199,449 | ▲ 32.7% |
| Accrued charges and deferred income492/3 | - | - | - | €2,457 | €2,555 | €4,382 | €6,435 | €6,310 | ▼ 1.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,960 | €17,986 | €19,205 | €20,195 | €28,505 | €25,412 | €17,798 | €25,821 | ▲ 45.1% |
| + Depreciation and write-downs630 | €0 | €0 | €0 | - | €1,095 | €1,485 | €1,485 | €1,607 | ▲ 8.2% |
| Operating cash flow (approximation) | €22,960 | €17,986 | €19,205 | €20,195 | €29,599 | €26,897 | €19,283 | €27,428 | ▲ 42.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€5,941 | €0 | €0 | -€620 | - |
| Change in cash | - | -€1,726 | €1,131 | -€374 | -€1,241 | €4,702 | -€4,913 | €847 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 06-03-2026 | 2026-00052228 | |
| 31-12-2024 | abbreviated format | 27-02-2025 | 2025-00040145 | |
| 31-12-2023 | abbreviated format | 29-02-2024 | 2024-00036468 | |
| 31-12-2022 | abbreviated format | 13-02-2023 | 2023-00027473 | |
| 31-12-2021 | abbreviated format | 30-06-2022 | 2022-20112062 | |
| 31-12-2020 | abbreviated format | 29-06-2021 | 2021-25800556 | |
| 31-12-2019 | abbreviated format | 23-06-2020 | 2020-19600155 | |
| 31-12-2018 | abbreviated format | 01-07-2019 | 2019-25100064 | |
| 31-12-2017 | abbreviated format | 19-07-2018 | 2018-34400278 | |
| 31-12-2016 | abbreviated format | 08-08-2017 | 2017-41700568 |