DAJEMO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 25-03-2026 PDF all 33 filings
Turnover
≈ €110,000
Estimated: probably between €67,000 and €200,000
Total assets
€915,033▼ 12.0%
2024 · €1.0m
Net result
-€22,526▲ 13.9%
2024 · -€26,164
Working capital
€23,425▼ 79.0%
2024 · €111,382
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€12,457
▲ 16.6%
2025
20192025
Net result
-€22,526
▲ 13.9%
2025
20192025
Equity
€531,784
▼ 4.1%
2025
20192025
Total assets
€915,033
▼ 12.0%
2025
20192025
Debt
€258,086
▼ 27.5%
2025
20192025
Working capital
€23,425
▼ 79.0%
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.009m--€0.005m€0.2m€0.5m▲ 139%-€0.02m-€0.01m▲ 22.5%-€0.01m▲ 16.6%
Net result-€0.001m--€0.01m▼ 2,373%€0.2m€0.4m▲ 148%-€0.02m-€0.03m▼ 6.7%-€0.02m▲ 13.9%
Equity€0.06m-€0.04m▼ 26.7%€0.2m▲ 394%€0.6m▲ 199%€0.6m▼ 4.1%€0.6m▼ 4.5%€0.5m▼ 4.1%
Total assets€0.5m-€0.4m▼ 7.1%€0.4m▲ 1.4%€1.1m▲ 149%€1.1m▼ 3.1%€1.0m▼ 2.3%€0.9m▼ 12.0%
Debt€0.4m-€0.4m▼ 4.5%€0.2m▼ 39.5%€0.4m▲ 49.5%€0.4m▼ 1.4%€0.4m▲ 1.6%€0.3m▼ 27.5%
Working capital-€0.02m--€0.005m▲ 69.4%€0.1m€0.1m▼ 10.6%€0.1m▼ 2.7%€0.1m▼ 0.5%€0.02m▼ 79.0%
The operating result for 2025 is a loss of €12,457, smaller than the loss of €14,942 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €915,033
Fixed assets
€873,982 ▼ 3.6%
Current assets
€41,051 ▼ 69.2%
Equity and liabilities €915,033
Equity
€531,784 ▼ 4.1%
Provisions
€125,162 ▼ 3.3%
Debt
€258,086 ▼ 27.5%
Debt's share of the balance-sheet total falls from 34.3% to 28.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€23,660▲
2024 · €20,834
Cash flow
€13,591▲
2024 · €9,613
Current ratio
2.33▼
2024 · 6.04
Debt to equity
0.49▼
2024 · 0.64
ROE
-4.2%▲
2024 · -4.7%
ROA
-2.5%▲
2024 · -2.5%
Interest coverage
1.61▲
2024 · 1.33
Debt ≤ 1 year
€17,626▼
2024 · €22,102
Debt > 1 year
€228,552▼
2024 · €321,410
Income taxes
€122▲
2024 · €51
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €773,258 | €3,859 | €4,569 | €3,580 |
| Depreciation and write-downs of the year | €20,767 | €35,323 | €35,776 | €36,117 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,134 | €32,134 | €15,794 | €20,767 | €35,323 | €35,776 | €36,117 | ▲ 1.0% |
| Other operating charges640/8 | - | - | - | €1,595 | €1,206 | €3,289 | €3,963 | ▲ 20.5% |
| Gross operating margin9900 | €45,190 | €29,867 | €246,590 | €568,179 | €17,247 | €24,123 | €27,623 | ▲ 14.5% |
| Operating profit (loss)9901 | €8,826 | -€5,434 | €228,143 | €545,817 | -€19,281 | -€14,942 | -€12,457 | ▲ 16.6% |
| Financial income75/76B | - | - | - | - | €0 | €169 | €405 | ▲ 140% |
| Recurring financial income75 | - | - | €876 | - | €0 | €169 | €405 | ▲ 140% |
| Financial charges65/66B | - | - | - | €5,268 | €9,546 | €15,655 | €14,668 | ▼ 6.3% |
| Recurring financial charges65 | €9,431 | €9,526 | €10,752 | €5,268 | €9,546 | €15,655 | €14,668 | ▼ 6.3% |
| Profit (loss) for the period before taxes9903 | -€605 | -€14,961 | €218,267 | €540,549 | -€28,828 | -€30,429 | -€26,720 | ▲ 12.2% |
| Transfer from deferred taxes780 | - | - | - | €4,316 | €4,316 | €4,316 | €4,316 | = |
| Transfer to deferred taxes680 | - | - | - | €142,426 | - | - | - | - |
| Income taxes67/77 | - | - | €55,716 | - | - | €51 | €122 | ▲ 140% |
| Profit (loss) for the period9904 | -€605 | -€14,961 | €162,551 | €402,439 | -€24,512 | -€26,164 | -€22,526 | ▲ 13.9% |
| Transfer from tax-exempt reserves789 | - | - | - | €12,948 | €12,948 | €12,948 | €12,948 | = |
| Transfer to tax-exempt reserves689 | - | - | - | €427,278 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€605 | -€14,961 | €162,551 | -€11,891 | -€11,564 | -€13,216 | -€9,578 | ▲ 27.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.5m | €0.4m | €0.4m | €1.1m | €1.1m | €1.0m | €0.9m | ▼ 12.0% |
| Fixed assets21/28 | €0.4m | €0.4m | €0.3m | €1.0m | €0.9m | €0.9m | €0.9m | ▼ 3.6% |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.3m | €1.0m | €0.9m | €0.9m | €0.9m | ▼ 3.6% |
| Land and buildings22 | - | - | - | €1.0m | €0.9m | €0.9m | €0.9m | ▼ 3.9% |
| Plant, machinery and equipment23 | - | - | - | €0.007m | €0.007m | €0.006m | €0.009m | ▲ 43.7% |
| Current assets29/58 | €0.02m | €0.02m | €0.1m | €0.1m | €0.1m | €0.1m | €0.04m | ▼ 69.2% |
| Amounts receivable within one year40/41 | €340 | - | - | €0.001m | - | - | €0.001m | - |
| Trade receivables40 | - | - | - | €0.001m | - | - | €0.001m | - |
| Cash at bank and in hand54/58 | €0.02m | €0.02m | €0.1m | €0.1m | €0.1m | €0.1m | €0.04m | ▼ 69.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.002m | €0.002m | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.5m | €0.4m | €0.4m | €1.1m | €1.1m | €1.0m | €0.9m | ▼ 12.0% |
| Equity10/15 | €0.06m | €0.04m | €0.2m | €0.6m | €0.6m | €0.6m | €0.5m | ▼ 4.1% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | - | - | - | - |
| Issued capital100 | - | - | - | €0.06m | - | - | - | - |
| Reserves13 | €0.002m | €0.002m | €0.1m | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 2.6% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | - | - | - | - |
| Legal reserve130 | - | - | - | €0.006m | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 3.3% |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | -€0.008m | -€0.02m | - | - | - | -€453 | -€0.01m | ▼ 2,115% |
| Provisions and deferred taxes16 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 3.3% |
| Deferred taxes168 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 3.3% |
| Amounts payable17/49 | €0.4m | €0.4m | €0.2m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 27.5% |
| Amounts payable after more than one year17 | €0.4m | €0.4m | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 28.9% |
| Financial debts170/4 | - | - | - | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 28.9% |
| Amounts payable within one year42/48 | €0.04m | €0.03m | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | ▼ 20.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.007m | €0.007m | €0.008m | €0.008m | ▲ 2.4% |
| Trade debts44 | - | €0.004m | - | €14 | - | €0.003m | €0.001m | ▼ 75.8% |
| Suppliers440/4 | - | - | - | €14 | - | €0.003m | €0.001m | ▼ 75.8% |
| Other amounts payable47/48 | - | - | - | €0.007m | €0.008m | €0.01m | €0.009m | ▼ 21.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.005m | €0.006m | €0.01m | €0.01m | ▼ 6.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€605 | -€14,961 | €162,551 | €402,439 | -€24,512 | -€26,164 | -€22,526 | ▲ 13.9% |
| + Depreciation and write-downs630 | €32,134 | €32,134 | €15,794 | €20,767 | €35,323 | €35,776 | €36,117 | ▲ 1.0% |
| Operating cash flow (approximation) | €31,529 | €17,173 | €178,346 | €423,206 | €10,811 | €9,613 | €13,591 | ▲ 41.4% |
| Investment in fixed assets (approximation) | - | €0 | €97,897 | -€692,962 | -€3,859 | -€4,569 | -€3,580 | ▲ 21.6% |
| Change in cash | - | -€1,152 | €120,924 | -€13,721 | -€3,126 | €6,530 | -€91,365 | - |
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, 8,617 companies had the same profile as DAJEMO has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DAJEMO 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 8,617 companies, not a prediction for DAJEMO. 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 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 25-03-2026 | 2026-00061626 | |
| 30-09-2024 | micro format | 19-03-2025 | 2025-00050178 | |
| 30-09-2023 | micro format | 29-03-2024 | 2024-00052940 | |
| 30-09-2022 | micro format | 16-03-2023 | 2023-00040237 | |
| 30-09-2021 | micro format | 17-03-2022 | 2022-07800601 | |
| 30-09-2020 | micro format | 12-03-2021 | 2021-07500291 | |
| 30-09-2019 | micro format | 20-03-2020 | 2020-07200248 | |
| 30-09-2018 | micro format | 21-03-2019 | 2019-07500156 | |
| 30-09-2017 | micro format | 29-03-2018 | 2018-08300298 | |
| 30-09-2016 | abbreviated format | 28-03-2017 | 2017-07800400 |