DE JONGE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 23-07-2026 at the NBB all 20 filings
Turnover
≈ €210,000
Estimated: probably between €100,000 and €480,000
Total assets
€193,482▼ 14.8%
2024 · €227,112
Net result
-€2,268
2024 · €12,508
Working capital
€36,058▼ 40.9%
2024 · €61,050
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€4,052
▼ 81.6%
2025
20182025
Net result
-€2,268
2025
lowest quarter of the sector
20182025
Equity
€81,107
▼ 2.7%
2025
middle half of the sector
20182025
Total assets
€193,482
▼ 14.8%
2025
middle half of the sector
20182025
Debt
€112,375
▼ 21.8%
2025
20182025
Working capital
€36,058
▼ 40.9%
2025
middle half of the sector
20182025
Solvency
41.9%
▲ 5.2pp
2025
middle half of the sector
20182025
Current ratio
1.58
▼ 0.21
2025
middle half of the sector
20182025
Return on assets (ROA)
-1.2%
▼ 6.7pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€3,342-€6,916▲ 107%€712▼ 89.7%€18,491▲ 26×€28,964▲ 56.6%€29,345▲ 1.3%€22,018▼ 25.0%€4,052▼ 81.6%
Net result€1,284-€4,890▲ 281%-€1,060within the sector's middle half€10,822within the sector's middle half€20,588within the sector's middle half▲ 90.2%€18,480within the sector's middle half▼ 10.2%€12,508within the sector's middle half▼ 32.3%-€2,268below the sector's middle half
Equity€17,146-€22,036▲ 28.5%€20,976within the sector's middle half▼ 4.8%€31,798within the sector's middle half▲ 51.6%€52,386within the sector's middle half▲ 64.7%€70,867within the sector's middle half▲ 35.3%€83,375within the sector's middle half▲ 17.7%€81,107within the sector's middle half▼ 2.7%
Total assets€123,600-€125,461▲ 1.5%€110,877within the sector's middle half▼ 11.6%€97,530within the sector's middle half▼ 12.0%€137,976within the sector's middle half▲ 41.5%€195,640within the sector's middle half▲ 41.8%€227,112within the sector's middle half▲ 16.1%€193,482within the sector's middle half▼ 14.8%
Debt€106,453-€103,424▼ 2.8%€89,901▼ 13.1%€65,731▼ 26.9%€85,590▲ 30.2%€124,773▲ 45.8%€143,737▲ 15.2%€112,375▼ 21.8%
Working capital€4,502-€15,089▲ 235%€7,115within the sector's middle half▼ 52.8%€21,557within the sector's middle half▲ 203%€45,206within the sector's middle half▲ 110%€54,615within the sector's middle half▲ 20.8%€61,050within the sector's middle half▲ 11.8%€36,058within the sector's middle half▼ 40.9%
Solvency13.9%-17.6%▲ 3.7pp18.9%within the sector's middle half▲ 1.4pp32.6%within the sector's middle half▲ 13.7pp38.0%within the sector's middle half▲ 5.4pp36.2%within the sector's middle half▼ 1.7pp36.7%within the sector's middle half▲ 0.5pp41.9%within the sector's middle half▲ 5.2pp
Current ratio1.05-1.17▲ 0.121.10within the sector's middle half▼ 0.081.35within the sector's middle half▲ 0.261.60within the sector's middle half▲ 0.251.59within the sector's middle half▼ 0.021.79within the sector's middle half▲ 0.201.58within the sector's middle half▼ 0.21
Return on assets (ROA)1.0%-3.9%▲ 2.9pp-1.0%within the sector's middle half▼ 4.9pp11.1%within the sector's middle half▲ 12.1pp14.9%above the sector's middle half▲ 3.8pp9.4%within the sector's middle half▼ 5.5pp5.5%within the sector's middle half▼ 3.9pp-1.2%below the sector's middle half▼ 6.7pp
above
within
below
The sector band is the middle half of the companies in Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95). 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 82% lower than in 2024 and the lowest since 2021. 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €193,482
Fixed assets
€94,898 ▲ 6.8%
Current assets
€98,585 ▼ 28.7%
Equity and liabilities €193,482
Equity
€81,107 ▼ 2.7%
Debt
€112,375 ▼ 21.8%
Debt's share of the balance-sheet total falls from 63.3% to 58.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€19,711▼
2024 · €33,515
Cash flow
€13,391▼
2024 · €24,005
Quick ratio
0.60▼
2024 · 1.13
Debt to equity
1.39▼
2024 · 1.72
ROE
-2.8%▼
2024 · 15.0%
Interest coverage
3.12▼
2024 · 6.89
Debt ≤ 1 year
€62,527▼
2024 · €77,182
Debt > 1 year
€49,848▼
2024 · €66,556
Income taxes
€342▼
2024 · €5,053
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 | - | €16,823 | €41,040 | €52,755 | €21,676 |
| Depreciation and write-downs of the year | €13,891 | €14,061 | €10,532 | €11,497 | €15,658 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €998 awarded · €998 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €8,500 | - | €6,147 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,216 | €13,197 | €15,588 | €13,891 | €14,061 | €10,532 | €11,497 | €15,658 | ▲ 36.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €326 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €182 | €469 | €504 | €193 | €317 | ▲ 64.4% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €472 | - | - |
| Gross operating margin9900 | €18,330 | €20,299 | €17,547 | €32,890 | €43,494 | €40,381 | €34,179 | €20,027 | ▼ 41.4% |
| Operating profit (loss)9901 | €3,342 | €6,916 | €712 | €18,491 | €28,964 | €29,345 | €22,018 | €4,052 | ▼ 81.6% |
| Financial income75/76B | - | - | - | €394 | €1,531 | €598 | €404 | €348 | ▼ 13.9% |
| Recurring financial income75 | €1,362 | €1,182 | €162 | €394 | €1,531 | €598 | €404 | €348 | ▼ 13.9% |
| Financial charges65/66B | - | - | - | €1,800 | €1,107 | €4,742 | €4,861 | €6,326 | ▲ 30.1% |
| Recurring financial charges65 | €1,551 | €2,070 | €1,613 | €1,800 | €1,107 | €4,742 | €4,861 | €6,326 | ▲ 30.1% |
| Profit (loss) for the period before taxes9903 | €3,153 | €6,028 | -€740 | €17,086 | €29,387 | €25,201 | €17,561 | -€1,925 | - |
| Income taxes67/77 | €1,869 | €1,138 | €320 | €6,263 | €8,799 | €6,721 | €5,053 | €342 | ▼ 93.2% |
| Profit (loss) for the period9904 | €1,284 | €4,890 | -€1,060 | €10,822 | €20,588 | €18,480 | €12,508 | -€2,268 | - |
| Profit (loss) for the period to be appropriated9905 | €1,284 | €4,890 | -€1,060 | €10,822 | €20,588 | €18,480 | €12,508 | -€2,268 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €123,600 | €125,461 | €110,877 | €97,530 | €137,976 | €195,640 | €227,112 | €193,482 | ▼ 14.8% |
| Fixed assets21/28 | €35,692 | €23,277 | €28,903 | €15,012 | €17,773 | €48,094 | €88,880 | €94,898 | ▲ 6.8% |
| Tangible fixed assets22/27 | €35,692 | €23,277 | €28,903 | €15,012 | €17,773 | €48,094 | €88,880 | €94,898 | ▲ 6.8% |
| Land and buildings22 | - | - | - | - | - | - | €46,725 | €60,069 | ▲ 28.6% |
| Plant, machinery and equipment23 | - | - | - | €2,449 | €2,899 | €810 | €3,131 | €5,404 | ▲ 72.6% |
| Furniture and vehicles24 | - | - | - | €6,003 | €468 | €2,601 | €3,432 | €2,921 | ▼ 14.9% |
| Leasing and similar rights25 | - | - | - | €6,560 | - | €31,748 | €24,129 | €16,511 | ▼ 31.6% |
| Other tangible fixed assets26 | - | - | - | - | €14,407 | €12,935 | €11,464 | €9,993 | ▼ 12.8% |
| Current assets29/58 | €87,908 | €102,183 | €81,974 | €82,518 | €120,203 | €147,545 | €138,232 | €98,585 | ▼ 28.7% |
| Stocks and contracts in progress3 | €25,676 | €24,990 | €26,990 | €36,540 | €49,916 | €54,203 | €50,934 | €60,941 | ▲ 19.6% |
| Stocks30/36 | - | - | - | €35,040 | €44,416 | €45,210 | €43,455 | €48,813 | ▲ 12.3% |
| Contracts in progress37 | - | - | - | €1,500 | €5,500 | €8,992 | €7,479 | €12,128 | ▲ 62.2% |
| Amounts receivable within one year40/41 | €38,469 | €68,770 | €47,819 | €42,640 | €67,515 | €72,030 | €72,944 | €28,068 | ▼ 61.5% |
| Trade receivables40 | - | - | - | €33,408 | €58,522 | €63,271 | €57,835 | €18,156 | ▼ 68.6% |
| Other amounts receivable41 | - | - | - | €9,232 | €8,993 | €8,759 | €15,108 | €9,912 | ▼ 34.4% |
| Cash at bank and in hand54/58 | €10,884 | €6,173 | €1,318 | €366 | €1,480 | €16,218 | €13,835 | €8,157 | ▼ 41.0% |
| Deferred charges and accrued income490/1 | - | - | - | €2,972 | €1,292 | €5,095 | €520 | €1,419 | ▲ 173% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €123,600 | €125,461 | €110,877 | €97,530 | €137,976 | €195,640 | €227,112 | €193,482 | ▼ 14.8% |
| Equity10/15 | €17,146 | €22,036 | €20,976 | €31,798 | €52,386 | €70,867 | €83,375 | €81,107 | ▼ 2.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | €1,860 | €1,860 | €13,198 | €33,786 | €52,267 | €64,775 | €62,507 | ▼ 3.5% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €11,338 | €31,926 | €52,267 | €64,775 | €62,507 | ▼ 3.5% |
| Profit (loss) carried forward14 | -€1,454 | €1,576 | €516 | - | - | - | - | - | - |
| Amounts payable17/49 | €106,453 | €103,424 | €89,901 | €65,731 | €85,590 | €124,773 | €143,737 | €112,375 | ▼ 21.8% |
| Amounts payable after more than one year17 | €23,048 | €16,330 | €15,042 | €4,771 | €10,593 | €31,843 | €66,556 | €49,848 | ▼ 25.1% |
| Financial debts170/4 | - | - | - | €4,771 | €10,593 | €31,843 | €66,556 | €49,848 | ▼ 25.1% |
| Amounts payable within one year42/48 | €83,406 | €87,095 | €74,859 | €60,960 | €74,996 | €92,930 | €77,182 | €62,527 | ▼ 19.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,271 | €7,668 | €10,232 | €10,752 | €10,621 | ▼ 1.2% |
| Financial debts43 | - | - | - | €592 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €592 | - | - | - | - | - |
| Trade debts44 | €36,041 | €38,035 | €21,875 | €17,290 | €37,786 | €58,043 | €41,520 | €25,137 | ▼ 39.5% |
| Suppliers440/4 | - | - | - | €17,290 | €37,786 | €58,043 | €41,520 | €25,137 | ▼ 39.5% |
| Taxes, remuneration and social security45 | - | - | - | €6,583 | €8,062 | - | - | €408 | - |
| Taxes450/3 | - | - | - | €6,583 | €8,062 | - | - | - | - |
| Remuneration and social security454/9 | - | - | - | - | - | - | - | €408 | - |
| Other amounts payable47/48 | - | - | - | €26,224 | €21,480 | €24,656 | €24,910 | €26,361 | ▲ 5.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,284 | €4,890 | -€1,060 | €10,822 | €20,588 | €18,480 | €12,508 | -€2,268 | - |
| + Depreciation and write-downs630 | €14,216 | €13,197 | €15,588 | €13,891 | €14,061 | €10,532 | €11,497 | €15,658 | ▲ 36.2% |
| Operating cash flow (approximation) | €15,500 | €18,087 | €14,527 | €24,713 | €34,649 | €29,012 | €24,005 | €13,391 | ▼ 44.2% |
| Investment in fixed assets (approximation) | - | -€782 | -€21,213 | €0 | -€16,823 | -€40,853 | -€52,283 | -€21,676 | ▲ 58.5% |
| Change in cash | - | -€4,711 | -€4,855 | -€952 | €1,114 | €14,738 | -€2,383 | -€5,678 | ▼ 138% |
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, 12,322 companies had the same profile as DE JONGE has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DE JONGE 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 12,322 companies, not a prediction for DE JONGE. 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 | micro format | 23-07-2026 | 2026-00328403 | |
| 31-12-2024 | micro format | 17-07-2025 | 2025-00286857 | |
| 31-12-2023 | micro format | 11-07-2024 | 2024-00246182 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00185414 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20158689 | |
| 31-12-2020 | micro format | 01-07-2021 | 2021-29500309 | |
| 31-12-2019 | micro format | 02-07-2020 | 2020-25600187 | |
| 31-12-2018 | micro format | 18-07-2019 | 2019-34600252 | |
| 31-12-2017 | micro format | 06-07-2018 | 2018-29600310 | |
| 31-12-2016 | micro format | 28-07-2017 | 2017-36600285 |