CeeJee
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 25-03-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is 12% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
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 | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €63,085 | €11,193 | - |
| Depreciation and write-downs of the year | €2,684 | €7,091 | €7,195 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | €11,942 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,684 | €7,091 | €7,195 | ▲ 1.5% |
| Other operating charges640/8 | €3,559 | €1,835 | €1,654 | ▼ 9.9% |
| Non-recurring operating charges66A | €294 | €343 | - | - |
| Gross operating margin9900 | €107,278 | €91,527 | €80,836 | ▼ 11.7% |
| Operating profit (loss)9901 | €100,740 | €82,258 | €71,987 | ▼ 12.5% |
| Financial income75/76B | €1,240 | €1,969 | €1,040 | ▼ 47.2% |
| Recurring financial income75 | €1,240 | €1,969 | €1,040 | ▼ 47.2% |
| Financial charges65/66B | €2,695 | €3,563 | €3,096 | ▼ 13.1% |
| Recurring financial charges65 | €2,695 | €3,563 | €3,096 | ▼ 13.1% |
| Profit (loss) for the period before taxes9903 | €99,285 | €80,664 | €69,931 | ▼ 13.3% |
| Income taxes67/77 | €20,900 | €17,578 | €15,246 | ▼ 13.3% |
| Profit (loss) for the period9904 | €78,385 | €63,086 | €54,685 | ▼ 13.3% |
| Profit (loss) for the period to be appropriated9905 | €78,385 | €63,086 | €54,685 | ▼ 13.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €299,092 | €255,057 | €178,670 | ▼ 29.9% |
| Fixed assets21/28 | €47,841 | €51,600 | €44,406 | ▼ 13.9% |
| Tangible fixed assets22/27 | €47,591 | €51,350 | €44,156 | ▼ 14.0% |
| Plant, machinery and equipment23 | €3,270 | €2,756 | €1,445 | ▼ 47.6% |
| Other tangible fixed assets26 | €44,320 | €48,595 | €42,711 | ▼ 12.1% |
| Financial fixed assets28 | €250 | €250 | €250 | = |
| Current assets29/58 | €251,252 | €203,457 | €134,264 | ▼ 34.0% |
| Amounts receivable within one year40/41 | €12,290 | €12,489 | €39,538 | ▲ 217% |
| Trade receivables40 | €12,282 | €12,478 | €39,520 | ▲ 217% |
| Other amounts receivable41 | €9 | €11 | €18 | ▲ 66.7% |
| Cash at bank and in hand54/58 | €238,961 | €165,968 | €94,726 | ▼ 42.9% |
| Deferred charges and accrued income490/1 | - | €25,000 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €299,092 | €255,057 | €178,670 | ▼ 29.9% |
| Equity10/15 | €179,570 | €119,591 | €55,617 | ▼ 53.5% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €178,570 | €118,591 | €54,617 | ▼ 53.9% |
| Distributable reserves133 | €178,570 | €118,591 | €54,617 | ▼ 53.9% |
| Amounts payable17/49 | €119,522 | €135,466 | €123,053 | ▼ 9.2% |
| Amounts payable within one year42/48 | €119,522 | €135,466 | €123,053 | ▼ 9.2% |
| Trade debts44 | €1,518 | €42 | €1,378 | ▲ 33× |
| Suppliers440/4 | €1,518 | €42 | €1,378 | ▲ 33× |
| Taxes, remuneration and social security45 | €22,940 | €24,708 | €17,171 | ▼ 30.5% |
| Taxes450/3 | €20,933 | €22,851 | €17,171 | ▼ 24.9% |
| Remuneration and social security454/9 | €2,007 | €1,858 | - | - |
| Other amounts payable47/48 | €95,064 | €110,716 | €104,504 | ▼ 5.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €78,385 | €63,086 | €54,685 | ▼ 13.3% |
| + Depreciation and write-downs630 | €2,684 | €7,091 | €7,195 | ▲ 1.5% |
| Operating cash flow (approximation) | €81,069 | €70,177 | €61,880 | ▼ 11.8% |
| Investment in fixed assets (approximation) | - | -€10,851 | €0 | - |
| Change in cash | - | -€72,993 | -€71,242 | ▲ 2.4% |
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, 34,693 companies had the same profile as CeeJee has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of CeeJee itself: 0.1% 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 34,693 companies, not a prediction for CeeJee. 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.