DaJobs
ActiveFinancials · financial year 2025, full format, standalone accounts
Annual accounts 2025 filed on 19-06-2026 PDF Consolidated accounts 2025 at the NBB all 50 filings
Turnover
€251.0m▼ 23.0%
2024 · €326.1m
EBIT margin
5.0%▲ 1.6pp
2024 · 3.4%
Net result
€9.0m▲ 19.8%
2024 · €7.5m
Working capital
€35.6m▲ 12.7%
2024 · €31.6m
In the rankings
#1 oldest company in Belgium, Employment activities sector#1 company by equity in the Brussels-Capital Region, Employment activities sector#1 employer in Elsene
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€251.0m
▼ 23.0%
2025
20182025
Operating result
€12.6m
▲ 13.4%
2025
20182025
Net result
€9.0m
▲ 19.8%
2025
highest quarter of the sector
20182025
EBIT margin
5.0%
▲ 1.6pp
2025
20182025
Equity
€37.9m
▲ 11.7%
2025
highest quarter of the sector
20182025
Total assets
€69.0m
▼ 14.5%
2025
highest quarter of the sector
20182025
Debt
€31.1m
▼ 33.5%
2025
20182025
Working capital
€35.6m
▲ 12.7%
2025
highest quarter of the sector
20182025
Solvency
54.9%
▲ 12.9pp
2025
middle half of the sector
20182025
Current ratio
2.27
▲ 0.55
2025
middle half of the sector
20182025
Return on assets (ROA)
13.0%
▲ 3.7pp
2025
highest quarter of the sector
20182025
Staff (FTE)
4,719.8
▼ 34.3%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€229.5m-€245.2m▲ 6.8%€202.7m▼ 17.3%€240.3m▲ 18.5%€282.0m▲ 17.4%€313.4m▲ 11.1%€326.1m▲ 4.1%€251.0m▼ 23.0%
Operating result€11.6m-€11.5m▼ 0.7%€1.7m▼ 85.5%€5.7m▲ 242%€3.9m▼ 31.0%€9.9m▲ 150%€11.1m▲ 12.8%€12.6m▲ 13.4%
Net result€8.4m-€7.3m▼ 13.4%€0.6mabove the sector's middle half▼ 91.1%€4.9mabove the sector's middle half▲ 654%€2.4mabove the sector's middle half▼ 51.4%€6.8mabove the sector's middle half▲ 185%€7.5mabove the sector's middle half▲ 10.9%€9.0mabove the sector's middle half▲ 19.8%
EBIT margin5.0%-4.7%▼ 0.4pp0.8%▼ 3.9pp2.4%▲ 1.6pp1.4%▼ 1.0pp3.1%▲ 1.7pp3.4%▲ 0.3pp5.0%▲ 1.6pp
Equity€19.5m-€26.8m▲ 37.3%€27.5mabove the sector's middle half▲ 2.4%€29.8mabove the sector's middle half▲ 8.3%€29.6mabove the sector's middle half▼ 0.4%€31.4mabove the sector's middle half▲ 5.9%€33.9mabove the sector's middle half▲ 8.0%€37.9mabove the sector's middle half▲ 11.7%
Total assets€60.1m-€66.9m▲ 11.3%€62.2mabove the sector's middle half▼ 7.2%€65.4mabove the sector's middle half▲ 5.3%€70.1mabove the sector's middle half▲ 7.1%€75.6mabove the sector's middle half▲ 7.9%€80.7mabove the sector's middle half▲ 6.7%€69.0mabove the sector's middle half▼ 14.5%
Debt€39.8m-€39.4m▼ 1.0%€33.7m▼ 14.4%€34.8m▲ 3.3%€40.3m▲ 15.8%€44.1m▲ 9.4%€46.8m▲ 6.2%€31.1m▼ 33.5%
Working capital€19.4m-€25.9m▲ 33.8%€26.0mabove the sector's middle half▲ 0.3%€28.3mabove the sector's middle half▲ 8.8%€27.4mabove the sector's middle half▼ 3.1%€29.2mabove the sector's middle half▲ 6.3%€31.6mabove the sector's middle half▲ 8.3%€35.6mabove the sector's middle half▲ 12.7%
Solvency32.5%-40.1%▲ 7.6pp44.2%within the sector's middle half▲ 4.1pp45.5%within the sector's middle half▲ 1.3pp42.3%within the sector's middle half▼ 3.2pp41.5%within the sector's middle half▼ 0.8pp42.0%within the sector's middle half▲ 0.5pp54.9%within the sector's middle half▲ 12.9pp
Current ratio1.52-1.70▲ 0.181.82within the sector's middle half▲ 0.111.87within the sector's middle half▲ 0.061.73within the sector's middle half▼ 0.141.71within the sector's middle half▼ 0.021.72within the sector's middle half▲ 0.012.27within the sector's middle half▲ 0.55
Return on assets (ROA)14.0%-10.9%▼ 3.1pp1.0%within the sector's middle half▼ 9.8pp7.5%within the sector's middle half▲ 6.4pp3.4%within the sector's middle half▼ 4.1pp8.9%within the sector's middle half▲ 5.5pp9.3%within the sector's middle half▲ 0.3pp13.0%above the sector's middle half▲ 3.7pp
Staff (FTE)7,880.2-8,357.6▲ 6.1%5,965.7above the sector's middle half▼ 28.6%6,519.1above the sector's middle half▲ 9.3%7,160above the sector's middle half▲ 9.8%7,148.7above the sector's middle half▼ 0.2%7,187.3above the sector's middle half▲ 0.5%4,719.8above the sector's middle half▼ 34.3%
above
within
below
The sector band is the middle half of the companies in Employment activities (NACE 78). 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 13% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69.0m
Fixed assets
€5.4m ▼ 1.3%
Current assets
€63.6m ▼ 15.5%
Equity and liabilities €69.0m
Equity
€37.9m ▲ 11.7%
Debt
€31.1m ▼ 33.5%
Debt's share of the balance-sheet total falls from 58.0% to 45.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14.4m▲
2024 · €12.9m
Cash flow
€10.7m▲
2024 · €9.3m
Debt to equity
0.82▼
2024 · 1.38
ROE
23.7%▲
2024 · 22.1%
Interest coverage
56.75▼
2024 · 77.76
Debt ≤ 1 year
€28.1m▼
2024 · €43.7m
Income taxes
€4.0m▼
2024 · €4.0m
Customer credit
59 days▲
2024 · 51 days
Staff costs
€218.6m▼
2024 · €294.6m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 7,416 | 6,738 | 5,546 | 7,214 | 3,773 |
| full-time | 509 | 538 | 541 | 556 | 273 |
| part-time | 6,907 | 6,200 | 5,005 | 6,658 | 3,500 |
| in full-time equivalents | 5,329.9 | 4,386.1 | 3,861.7 | 5,377.9 | 3,095.1 |
| Average over the year, in full-time equivalents | 6,519.1 | 7,160 | 7,148.7 | 7,187.3 | 4,719.8 |
| On a permanent contract | 3,555 | 3,678 | 3,583 | 3,642 | 315 |
| Joined | 261,905 | 307,597 | 315,224 | 311,363 | 300,261 |
| Left | 261,197 | 312,922 | 319,924 | 311,251 | 301,252 |
| Training hours | 37,029 | 50,450 | 47,827 | 41,469 | 34,393 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €750,000 | €750,000 | €750,000 | €750,000 | €750,000 |
| Carrying value of the mortgaged assets | - | €762,362 | €722,284 | €682,206 | €645,676 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.9m | €1.7m | €2.2m | €1.6m | €1.7m |
| Financial fixed assets | - | - | - | €100,000 | €1,000 |
| Depreciation and write-downs of the year | €1.5m | €1.4m | €1.6m | €1.8m | €1.8m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €18,274 | €19,500 | €19,807 | €19,794 | €26,724 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 18 entries · €69.3m awarded · €69.3m paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 4 | €1.0m | €1.1m |
| 2024 | 5 | €23.0m | €23.1m |
| 2023 | 5 | €23.2m | €23.1m |
| 2022 | 4 | €22.1m | €22.1m |
European Union, budget
2021 to 2024 · 9 entries · €1.1m in total| Year | Entries | Awarded |
|---|---|---|
| 2024 | 2 | €129,960 |
| 2023 | 2 | €433,691 |
| 2022 | 2 | €204,088 |
| 2021 | 3 | €347,756 |
Projects
DENRÉES ALIMENTAIRES/NON ALIMENTAIRES / PRESTATIONS DE SERVICES
ASSISTANCE TECHNIQUE ET ADMINISTRATIVE CPE
RÉUNIONS INTERNES
REUNION EXTERNE
Public contracts
22 awards · 2022 to 2026
Accord-cadre de services de mise à disposition de personnel intérimaire: DOM2025-006 - 1
Accord-cadre de services relatif au recrutement de personnel intérimaire, pour une durée potentielle de 4 ans: CSC 2475 FID - 1
Interim 2025-2029: Interim 2025-2029 - 1
Aanstellen van een uitzendbureau: 2023-031-NVSM-OO - 1
Aanstellen van een uitzendbureau: 2023-031-NVSM-OO - 2
Show 17 more contracts
Aanstellen van een uitzendbureau: 2023-031-NVSM-OO - 3
Aanstellen van een uitzendbureau: 2023-031-NVSM-OO - 5
Aanstellen van een uitzendbureau: 2023-031-NVSM-OO - 6
Accompagnement de l’Université de Namur dans l’évaluation, le reclassement professionnel, le recrutement d’intérimaires et le coaching: 2024 UN 006 - 3
Désignation d'une agence intérim: 2024/010 - 1
CDA 2024-005-ACCORD-CADRE DE SERVICES AYANT POUR OBJET LA DÉSIGNATION D’UN POOL D’AGENCES DANS LE CADRE DE LA MISE À DISPOSITION DE PERSONNEL INTÉRIMAIRE: CDA 2024-005-INTERIM - LOT 01-OUVRIERS
CDA 2024-005-ACCORD-CADRE DE SERVICES AYANT POUR OBJET LA DÉSIGNATION D’UN POOL D’AGENCES DANS LE CADRE DE LA MISE À DISPOSITION DE PERSONNEL INTÉRIMAIRE: CDA 2024-005-INTERIM - 02-EMPLOYÉS
CDA 2024-005-ACCORD-CADRE DE SERVICES AYANT POUR OBJET LA DÉSIGNATION D’UN POOL D’AGENCES DANS LE CADRE DE LA MISE À DISPOSITION DE PERSONNEL INTÉRIMAIRE: CDA 2024-005-INTERIM - LOT 04-TECHNICIENS
Uitzendarbeid: CM_MC_2023_008 - 1
Uitzendarbeid: CM_MC_2023_008 - 1
Mise en œuvre du reclassement professionnel pour les travailleurs du secteur de la SCP 329.02: Fonds4s-2023-Outplacementv2 - 1
Raamovereenkomst voor de outsourcing van diensten m.b.t. uitzendarbeid: Schoonmaak
Raamovereenkomst voor de outsourcing van diensten m.b.t. uitzendarbeid: Catering
Marché public relatif à la mise à disposition de personnel intérimaire: 2023012PP-HR - 1 - Administratief personeel
Marché public relatif à la mise à disposition de personnel intérimaire: 2023012PP-HR - 2 - Personeel voor het frontoffice/callcenter
Marché public relatif à la mise à disposition de personnel intérimaire: 2023012PP-HR - 3 - Personnel secteur technique immobilier.
Interim 2022-2025
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €247.6m | €286.6m | €319.1m | €329.4m | €253.7m | ▼ 23.0% |
| Turnover70 | €229.5m | €245.2m | €202.7m | €240.3m | €282.0m | €313.4m | €326.1m | €251.0m | ▼ 23.0% |
| Other operating income74 | - | - | - | €7.3m | €4.6m | €5.7m | €3.3m | €2.8m | ▼ 17.2% |
| Non-recurring operating income76A | - | - | - | - | - | - | - | €0.01m | - |
| Operating charges60/66A | - | - | - | €241.9m | €282.7m | €309.2m | €318.3m | €241.1m | ▼ 24.2% |
| Services and other goods61 | - | - | - | €17.6m | €20.2m | €22.9m | €21.2m | €19.9m | ▼ 6.2% |
| Remuneration, social security and pensions62 | - | - | - | €222.3m | €259.0m | €283.8m | €294.6m | €218.6m | ▼ 25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.9m | €1.0m | €1.3m | €1.5m | €1.4m | €1.6m | €1.8m | €1.8m | ▼ 1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.04m | ▲ 85.2% |
| Other operating charges640/8 | - | - | - | €0.8m | €1.4m | €1.1m | €1.1m | €0.9m | ▼ 16.5% |
| Non-recurring operating charges66A | - | - | - | -€0.1m | €0.9m | €0 | -€0.1m | €0 | - |
| Operating profit (loss)9901 | €11.6m | €11.5m | €1.7m | €5.7m | €3.9m | €9.9m | €11.1m | €12.6m | ▲ 13.4% |
| Financial income75/76B | - | - | - | €0.2m | €0.2m | €0.3m | €0.6m | €0.6m | ▲ 5.5% |
| Recurring financial income75 | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | €0.6m | €0.2m | ▼ 61.5% |
| Income from financial fixed assets750 | - | - | - | €0.2m | €0.2m | €0.3m | €0.6m | €0.2m | ▼ 61.5% |
| Other financial income752/9 | - | - | - | €0.008m | €0 | - | €15 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | - | - | - | - | - | - | €0.4m | - |
| Financial charges65/66B | - | - | - | €0.2m | €0.2m | €0.3m | €0.2m | €0.3m | ▲ 30.4% |
| Recurring financial charges65 | €0.08m | €0.09m | €0.09m | €0.1m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 43.9% |
| Debt charges650 | €0.06m | €0.07m | €0.07m | €0.1m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 52.7% |
| Other financial charges652/9 | - | - | - | €0.02m | €0.02m | €0.03m | €0.03m | €0.03m | ▼ 9.1% |
| Non-recurring financial charges66B | - | - | - | €0.03m | €0.06m | €0.2m | €0.02m | €0.001m | ▼ 94.8% |
| Profit (loss) for the period before taxes9903 | €11.7m | €11.6m | €1.8m | €5.7m | €4.0m | €9.9m | €11.5m | €13.0m | ▲ 12.7% |
| Income taxes67/77 | €3.3m | €4.3m | €1.1m | €0.8m | €1.6m | €3.1m | €4.0m | €4.0m | ▼ 0.5% |
| Taxes670/3 | - | - | - | €1.5m | €1.6m | €3.1m | €4.0m | €4.1m | ▲ 1.3% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.7m | €0.001m | €0.001m | €0 | €0.07m | - |
| Profit (loss) for the period9904 | €8.4m | €7.3m | €0.6m | €4.9m | €2.4m | €6.8m | €7.5m | €9.0m | ▲ 19.8% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.7m | €1.4m | €0.4m | €1.3m | €0.6m | ▼ 56.7% |
| Transfer to tax-exempt reserves689 | - | - | - | €2.0m | €2.0m | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €8.0m | €7.3m | €1.3m | €3.6m | €1.7m | €7.2m | €8.8m | €9.5m | ▲ 8.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €60.1m | €66.9m | €62.2m | €65.4m | €70.1m | €75.6m | €80.7m | €69.0m | ▼ 14.5% |
| Fixed assets21/28 | €3.4m | €4.2m | €4.2m | €4.6m | €4.9m | €5.5m | €5.4m | €5.4m | ▼ 1.3% |
| Intangible fixed assets21 | €0.005m | €224 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €3.4m | €4.1m | €4.2m | €4.6m | €4.9m | €5.4m | €5.3m | €5.2m | ▼ 1.3% |
| Land and buildings22 | - | - | - | €1.2m | €1.1m | €1.1m | €1.0m | €1.1m | ▲ 1.7% |
| Plant, machinery and equipment23 | - | - | - | €2.8m | €3.4m | €4.0m | €4.0m | €3.7m | ▼ 6.5% |
| Furniture and vehicles24 | - | - | - | €0.6m | €0.4m | €0.3m | €0.3m | €0.4m | ▲ 66.3% |
| Financial fixed assets28 | €0.06m | €0.07m | €0.06m | €0.06m | €0.06m | €0.06m | €0.2m | €0.2m | ▲ 0.7% |
| Affiliated companies280/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.1m | €0.1m | ▲ 0.8% |
| Participating interests280 | - | - | - | €0.03m | €0.03m | €0.03m | €0.1m | €0.1m | ▲ 0.8% |
| Other financial fixed assets284/8 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | ▲ 0.1% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | ▲ 0.1% |
| Current assets29/58 | €56.7m | €62.8m | €57.9m | €60.8m | €65.1m | €70.2m | €75.3m | €63.6m | ▼ 15.5% |
| Stocks and contracts in progress3 | - | - | - | - | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €38.3m | €44.9m | €29.7m | €42.8m | €52.9m | €46.1m | €46.0m | €44.9m | ▼ 2.4% |
| Trade receivables40 | - | - | - | €41.4m | €52.0m | €44.4m | €45.9m | €40.8m | ▼ 11.2% |
| Other amounts receivable41 | - | - | - | €1.4m | €0.9m | €1.7m | €0.2m | €4.2m | ▲ 26× |
| Current investments50/53 | - | - | - | - | - | €15.0m | €5.0m | €10.0m | ▲ 100% |
| Other investments51/53 | - | - | - | - | - | €15.0m | €5.0m | €10.0m | ▲ 100% |
| Cash at bank and in hand54/58 | €16.3m | €16.3m | €26.7m | €16.7m | €10.6m | €7.2m | €21.9m | €7.8m | ▼ 64.2% |
| Deferred charges and accrued income490/1 | - | - | - | €1.3m | €1.7m | €1.9m | €2.4m | €0.9m | ▼ 63.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €60.1m | €66.9m | €62.2m | €65.4m | €70.1m | €75.6m | €80.7m | €69.0m | ▼ 14.5% |
| Equity10/15 | €19.5m | €26.8m | €27.5m | €29.8m | €29.6m | €31.4m | €33.9m | €37.9m | ▲ 11.7% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Revaluation surpluses12 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €3.4m | €4.2m | €4.4m | €6.4m | €5.9m | €5.9m | €4.7m | €4.2m | ▼ 11.7% |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Tax-exempt reserves132 | - | - | - | €3.6m | €4.2m | €3.8m | €2.5m | €2.0m | ▼ 22.0% |
| Distributable reserves133 | - | - | - | €2.8m | €1.6m | €2.1m | €2.2m | €2.2m | = |
| Profit (loss) carried forward14 | €15.7m | €22.2m | €22.6m | €22.9m | €23.3m | €25.1m | €28.7m | €33.2m | ▲ 15.8% |
| Provisions and deferred taxes16 | €0.8m | €0.7m | €1.0m | €0.8m | €0.1m | €0.1m | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0.8m | €0.1m | €0.1m | €0 | - | - |
| Environmental obligations163 | - | - | - | - | €0.1m | - | €0 | - | - |
| Other liabilities and charges164/5 | - | - | - | €0.8m | - | €0.1m | - | - | - |
| Amounts payable17/49 | €39.8m | €39.4m | €33.7m | €34.8m | €40.3m | €44.1m | €46.8m | €31.1m | ▼ 33.5% |
| Amounts payable after more than one year17 | €0.4m | €0.3m | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €37.3m | €36.8m | €31.9m | €32.5m | €37.7m | €41.0m | €43.7m | €28.1m | ▼ 35.8% |
| Trade debts44 | €4.9m | €5.4m | €3.0m | €4.0m | €8.3m | €8.0m | €8.2m | €4.1m | ▼ 50.4% |
| Suppliers440/4 | - | - | - | €4.0m | €8.3m | €8.0m | €8.2m | €4.1m | ▼ 50.4% |
| Taxes, remuneration and social security45 | - | - | - | €25.5m | €26.9m | €28.0m | €30.5m | €19.0m | ▼ 37.8% |
| Taxes450/3 | - | - | - | €4.8m | €6.4m | €5.9m | €7.7m | €9.0m | ▲ 17.2% |
| Remuneration and social security454/9 | - | - | - | €20.7m | €20.5m | €22.2m | €22.8m | €10.0m | ▼ 56.2% |
| Other amounts payable47/48 | - | - | - | €3.1m | €2.5m | €5.0m | €5.0m | €5.0m | = |
| Accrued charges and deferred income492/3 | - | - | - | €2.3m | €2.6m | €3.1m | €3.1m | €3.1m | ▼ 1.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8.4m | €7.3m | €0.6m | €4.9m | €2.4m | €6.8m | €7.5m | €9.0m | ▲ 19.8% |
| + Depreciation and write-downs630 | €0.9m | €1.0m | €1.3m | €1.5m | €1.4m | €1.6m | €1.8m | €1.8m | ▼ 1.2% |
| Operating cash flow (approximation) | €9.3m | €8.3m | €1.9m | €6.4m | €3.8m | €8.4m | €9.3m | €10.7m | ▲ 15.8% |
| Investment in fixed assets (approximation) | - | -€1.7m | -€1.3m | -€1.9m | -€1.7m | -€2.2m | -€1.7m | -€1.7m | ▲ 2.7% |
| Change in cash | - | €0.002m | €10.4m | -€10.0m | -€6.1m | -€3.4m | €14.7m | -€14.0m | - |
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, 321 companies had the same profile as DaJobs has now. Two years later, 97.5% were still going and 0.0% had gone bankrupt.
- Large
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
97.5%
was still going
2.5%
stopped otherwise
0.0%
went bankrupt
That fits the bankruptcy probability of DaJobs 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 321 companies, not a prediction for DaJobs. 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 50 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | consolidated | 27-08-2026 | 2026-00433078 | |
| 31-12-2025 | full format | 19-06-2026 | 2026-00174627 | |
| 31-12-2024 | full format | 22-05-2025 | 2025-00101923 | |
| 31-12-2023 | full format | 04-06-2024 | 2024-00107250 | |
| 31-12-2022 | full format | 12-06-2023 | 2023-00118778 | |
| 31-12-2021 | full format | 08-06-2022 | 2022-20049411 | |
| 31-12-2020 | full format | 28-05-2021 | 2021-15500304 | |
| 31-12-2019 | full format | 25-09-2020 | 2020-55400030 | |
| 31-12-2018 | full format | 29-05-2019 | 2019-14700487 | |
| 31-12-2017 | full format | 28-05-2018 | 2018-13900553 |