IJK NUMERICS
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 02-06-2026 PDF all 17 filings
Turnover
≈ €110,000
Estimated: probably between €65,000 and €150,000
EBIT margin
Not included in this filing
Net result
-€2,917▲ 64.9%
2024 · -€8,307
Working capital
-€33,489▲ 51.4%
2024 · -€68,935
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€2,160
▲ 70.4%
2025
20182025
Net result
-€2,917
▲ 64.9%
2025
lowest quarter of the sector
20182025
Equity
€147,678
▼ 1.9%
2025
lowest quarter of the sector
20182025
Total assets
€185,678
▼ 16.6%
2025
lowest quarter of the sector
20182025
Debt
€38,000
▼ 47.2%
2025
20182025
Working capital
-€33,489
▲ 51.4%
2025
middle half of the sector
20182025
Solvency
79.5%
▲ 11.9pp
2025
middle half of the sector
20182025
Current ratio
0.12
▲ 0.08
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-1.6%
▲ 2.2pp
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-€140,576--€46,293▲ 67.1%-€53,924▼ 16.5%-€39,853▲ 26.1%-€30,269▲ 24.0%-€20,522▲ 32.2%-€7,292▲ 64.5%-€2,160▲ 70.4%
Net result-€138,628-€13,855-€58,443below the sector's middle half-€40,624below the sector's middle half▲ 30.5%-€30,939below the sector's middle half▲ 23.8%-€21,415below the sector's middle half▲ 30.8%-€8,307below the sector's middle half▲ 61.2%-€2,917below the sector's middle half▲ 64.9%
Equity€296,467-€310,322▲ 4.7%€251,879within the sector's middle half▼ 18.8%€211,256within the sector's middle half▼ 16.1%€180,317within the sector's middle half▼ 14.6%€158,902within the sector's middle half▼ 11.9%€150,595within the sector's middle half▼ 5.2%€147,678below the sector's middle half▼ 1.9%
Total assets€506,693-€428,039▼ 15.5%€368,226within the sector's middle half▼ 14.0%€313,978below the sector's middle half▼ 14.7%€298,088below the sector's middle half▼ 5.1%€261,219below the sector's middle half▼ 12.4%€222,512below the sector's middle half▼ 14.8%€185,678below the sector's middle half▼ 16.6%
Debt€210,226-€117,717▼ 44.0%€116,347▼ 1.2%€102,722▼ 11.7%€117,771▲ 14.7%€102,317▼ 13.1%€71,916▼ 29.7%€38,000▼ 47.2%
Working capital-€194,407--€107,364▲ 44.8%-€99,464within the sector's middle half▲ 7.4%-€98,674within the sector's middle half▲ 0.8%-€116,672within the sector's middle half▼ 18.2%-€97,855within the sector's middle half▲ 16.1%-€68,935within the sector's middle half▲ 29.6%-€33,489within the sector's middle half▲ 51.4%
Solvency58.5%-72.5%▲ 14.0pp68.4%within the sector's middle half▼ 4.1pp67.3%within the sector's middle half▼ 1.1pp60.5%within the sector's middle half▼ 6.8pp60.8%within the sector's middle half▲ 0.3pp67.7%within the sector's middle half▲ 6.8pp79.5%within the sector's middle half▲ 11.9pp
Current ratio0.02-0.03▲ 0.020.11below the sector's middle half▲ 0.070.04below the sector's middle half▼ 0.070.01below the sector's middle half▼ 0.030.04below the sector's middle half▲ 0.030.04below the sector's middle half=0.12below the sector's middle half▲ 0.08
Return on assets (ROA)-27.4%-3.2%▲ 30.6pp-15.9%below the sector's middle half▼ 19.1pp-12.9%below the sector's middle half▲ 2.9pp-10.4%below the sector's middle half▲ 2.6pp-8.2%below the sector's middle half▲ 2.2pp-3.7%below the sector's middle half▲ 4.5pp-1.6%below the sector's middle half▲ 2.2pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 a loss of €2,160, smaller than the loss of €7,292 in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €185,678
Fixed assets
€181,167 ▼ 17.5%
Current assets
€4,511 ▲ 51.3%
Equity and liabilities €185,678
Equity
€147,678 ▼ 1.9%
Debt
€38,000 ▼ 47.2%
Debt's share of the balance-sheet total falls from 32.3% to 20.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€36,203▲
2024 · €32,482
Cash flow
€35,446▲
2024 · €31,467
Debt to equity
0.26▼
2024 · 0.48
ROE
-2.0%▲
2024 · -5.5%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€38,000▼
2024 · €71,916
Income taxes
€716▼
2024 · €945
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 | €13,278 | €27,596 | - | €2,547 | - |
| Depreciation and write-downs of the year | €59,691 | €40,538 | €40,231 | €39,774 | €38,363 |
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 | €76,228 | €75,443 | €67,988 | €59,691 | €40,538 | €40,231 | €39,774 | €38,363 | ▼ 3.5% |
| Other operating charges640/8 | - | - | - | €4,392 | €4,659 | €5,507 | €4,264 | €4,844 | ▲ 13.6% |
| Gross operating margin9900 | €42,551 | €37,965 | €24,347 | €24,230 | €14,928 | €25,215 | €36,746 | €41,047 | ▲ 11.7% |
| Operating profit (loss)9901 | -€140,576 | -€46,293 | -€53,924 | -€39,853 | -€30,269 | -€20,522 | -€7,292 | -€2,160 | ▲ 70.4% |
| Financial income75/76B | - | - | - | €318 | - | - | - | - | - |
| Recurring financial income75 | €2,252 | €4,770 | €13 | €318 | - | - | - | - | - |
| Non-recurring financial income76B | - | - | - | €318 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €104 | €68 | €97 | €70 | €41 | ▼ 41.8% |
| Recurring financial charges65 | €304 | €235 | €196 | €104 | €68 | €97 | €70 | €41 | ▼ 41.8% |
| Profit (loss) for the period before taxes9903 | -€138,628 | -€41,758 | -€58,308 | -€39,639 | -€30,337 | -€20,619 | -€7,362 | -€2,201 | ▲ 70.1% |
| Income taxes67/77 | - | -€55,613 | €135 | €984 | €601 | €796 | €945 | €716 | ▼ 24.2% |
| Profit (loss) for the period9904 | -€138,628 | €13,855 | -€58,443 | -€40,624 | -€30,939 | -€21,415 | -€8,307 | -€2,917 | ▲ 64.9% |
| Profit (loss) for the period to be appropriated9905 | -€138,628 | €13,855 | -€58,443 | -€40,624 | -€30,939 | -€21,415 | -€8,307 | -€2,917 | ▲ 64.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €506,693 | €428,039 | €368,226 | €313,978 | €298,088 | €261,219 | €222,512 | €185,678 | ▼ 16.6% |
| Fixed assets21/28 | €503,558 | €424,315 | €356,343 | €309,930 | €296,988 | €256,757 | €219,530 | €181,167 | ▼ 17.5% |
| Tangible fixed assets22/27 | €494,558 | €419,115 | €356,143 | €309,730 | €296,788 | €256,557 | €219,330 | €180,967 | ▼ 17.5% |
| Land and buildings22 | - | - | - | €281,552 | €250,268 | €218,985 | €187,701 | €156,418 | ▼ 16.7% |
| Plant, machinery and equipment23 | - | - | - | €11,047 | €33,881 | €29,152 | €26,685 | €22,306 | ▼ 16.4% |
| Furniture and vehicles24 | - | - | - | €17,131 | €12,639 | €8,421 | €4,944 | €2,243 | ▼ 54.6% |
| Financial fixed assets28 | €9,000 | €5,200 | €200 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €3,134 | €3,724 | €11,883 | €4,048 | €1,099 | €4,461 | €2,981 | €4,511 | ▲ 51.3% |
| Amounts receivable within one year40/41 | €2,554 | €194 | €209 | €1,755 | €325 | €438 | €1,455 | €2,775 | ▲ 90.7% |
| Trade receivables40 | - | - | - | - | - | - | - | €1,755 | - |
| Other amounts receivable41 | - | - | - | €1,755 | €325 | €438 | €1,455 | €1,020 | ▼ 29.9% |
| Current investments50/53 | €50 | €50 | €1,000 | €50 | €50 | €50 | €50 | €50 | = |
| Cash at bank and in hand54/58 | €531 | €3,480 | €10,674 | €1,028 | €725 | €3,973 | €448 | €678 | ▲ 51.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,215 | - | - | €1,029 | €1,009 | ▼ 2.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €506,693 | €428,039 | €368,226 | €313,978 | €298,088 | €261,219 | €222,512 | €185,678 | ▼ 16.6% |
| Equity10/15 | €296,467 | €310,322 | €251,879 | €211,256 | €180,317 | €158,902 | €150,595 | €147,678 | ▼ 1.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €127,753 | €127,753 | €127,753 | €127,753 | €127,753 | €127,753 | €127,753 | €127,753 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | - | €125,893 | €125,893 | €125,893 | €125,893 | €127,753 | ▲ 1.5% |
| Profit (loss) carried forward14 | €150,114 | €163,969 | €105,526 | €64,903 | €33,964 | €12,549 | €4,242 | €1,325 | ▼ 68.8% |
| Amounts payable17/49 | €210,226 | €117,717 | €116,347 | €102,722 | €117,771 | €102,317 | €71,916 | €38,000 | ▼ 47.2% |
| Amounts payable after more than one year17 | €12,685 | €6,630 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €197,541 | €111,088 | €111,347 | €102,722 | €117,771 | €102,317 | €71,916 | €38,000 | ▼ 47.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €513 | - | - | - | - | - |
| Trade debts44 | €85 | €1,142 | €1,824 | €409 | €205 | €1,598 | €462 | €26 | ▼ 94.4% |
| Suppliers440/4 | - | - | - | €409 | €205 | €1,598 | €462 | €26 | ▼ 94.4% |
| Other amounts payable47/48 | - | - | - | €101,800 | €117,566 | €100,718 | €71,454 | €37,974 | ▼ 46.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€138,628 | €13,855 | -€58,443 | -€40,624 | -€30,939 | -€21,415 | -€8,307 | -€2,917 | ▲ 64.9% |
| + Depreciation and write-downs630 | €76,228 | €75,443 | €67,988 | €59,691 | €40,538 | €40,231 | €39,774 | €38,363 | ▼ 3.5% |
| Operating cash flow (approximation) | -€62,400 | €89,298 | €9,545 | €19,068 | €9,599 | €18,816 | €31,467 | €35,446 | ▲ 12.6% |
| Investment in fixed assets (approximation) | - | €3,800 | -€15 | -€13,278 | -€27,596 | €0 | -€2,547 | €0 | - |
| Change in cash | - | €2,949 | €7,194 | -€9,646 | -€303 | €3,248 | -€3,525 | €230 | - |
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, 6,908 companies had the same profile as IJK NUMERICS has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
90.9%
was still going
7.8%
stopped otherwise
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IJK NUMERICS itself: 0.7% 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 6,908 companies, not a prediction for IJK NUMERICS. 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 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 02-06-2026 | 2026-00131224 | |
| 31-12-2024 | full format | 31-08-2025 | 2025-00471233 | |
| 31-12-2023 | full format | 31-08-2024 | 2024-00442656 | |
| 31-12-2022 | full format | 01-06-2023 | 2023-00101529 | |
| 31-12-2021 | full format | 08-06-2022 | 2022-20054667 | |
| 31-12-2020 | full format | 28-05-2021 | 2021-15700021 | |
| 31-12-2019 | full format | 11-06-2020 | 2020-16100340 | |
| 31-12-2018 | full format | 11-06-2019 | 2019-17600139 | |
| 31-12-2017 | full format | 13-06-2018 | 2018-18000238 | |
| 31-12-2016 | full format | 05-07-2017 | 2017-27800088 |