J.ro
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 08-06-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is nearly 4.1 times that of 2024 and the highest since 2023. It is the second rise 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 | €742 | €14,593 | €412 |
| Financial fixed assets | - | €9,000 | - |
| Depreciation and write-downs of the year | €82 | €1,985 | €3,207 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82 | €1,985 | €3,207 | ▲ 61.6% |
| Other operating charges640/8 | €104 | €524 | €2,532 | ▲ 383% |
| Gross operating margin9900 | €1,290 | €8,057 | €28,371 | ▲ 252% |
| Operating profit (loss)9901 | €1,103 | €5,548 | €22,631 | ▲ 308% |
| Financial income75/76B | €8 | - | - | - |
| Recurring financial income75 | €8 | - | - | - |
| Financial charges65/66B | €183 | €2,016 | €1,608 | ▼ 20.3% |
| Recurring financial charges65 | €183 | €2,016 | €1,608 | ▼ 20.3% |
| Profit (loss) for the period before taxes9903 | €929 | €3,532 | €21,023 | ▲ 495% |
| Income taxes67/77 | €396 | €1,697 | €7,794 | ▲ 359% |
| Profit (loss) for the period9904 | €532 | €1,835 | €13,229 | ▲ 621% |
| Profit (loss) for the period to be appropriated9905 | €532 | €1,835 | €13,229 | ▲ 621% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €90,874 | €30,380 | €46,889 | ▲ 54.3% |
| Fixed assets21/28 | €660 | €22,268 | €19,473 | ▼ 12.6% |
| Tangible fixed assets22/27 | €660 | €13,268 | €10,473 | ▼ 21.1% |
| Land and buildings22 | - | €11,204 | €8,667 | ▼ 22.6% |
| Plant, machinery and equipment23 | - | €1,652 | €1,641 | ▼ 0.7% |
| Furniture and vehicles24 | €660 | €412 | €165 | ▼ 60.0% |
| Financial fixed assets28 | - | €9,000 | €9,000 | = |
| Current assets29/58 | €90,214 | €8,112 | €27,415 | ▲ 238% |
| Amounts receivable within one year40/41 | €77,916 | €5,899 | €14,098 | ▲ 139% |
| Trade receivables40 | €72,515 | €5,176 | €13,030 | ▲ 152% |
| Other amounts receivable41 | €5,400 | €722 | €1,069 | ▲ 47.9% |
| Cash at bank and in hand54/58 | €12,299 | €1,757 | €12,237 | ▲ 597% |
| Deferred charges and accrued income490/1 | - | €457 | €1,080 | ▲ 136% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €90,874 | €30,380 | €46,889 | ▲ 54.3% |
| Equity10/15 | €2,532 | €4,367 | €17,596 | ▲ 303% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €532 | €2,367 | €15,596 | ▲ 559% |
| Distributable reserves133 | €532 | €2,367 | €15,596 | ▲ 559% |
| Amounts payable17/49 | €88,341 | €26,013 | €29,292 | ▲ 12.6% |
| Amounts payable within one year42/48 | €88,245 | €25,897 | €29,292 | ▲ 13.1% |
| Trade debts44 | €85,184 | €7,509 | €4,307 | ▼ 42.6% |
| Suppliers440/4 | €85,184 | €7,509 | €4,307 | ▼ 42.6% |
| Taxes, remuneration and social security45 | €396 | €1,697 | €7,794 | ▲ 359% |
| Taxes450/3 | €396 | €1,697 | €7,794 | ▲ 359% |
| Other amounts payable47/48 | €2,665 | €16,691 | €17,192 | ▲ 3.0% |
| Accrued charges and deferred income492/3 | €97 | €116 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €532 | €1,835 | €13,229 | ▲ 621% |
| + Depreciation and write-downs630 | €82 | €1,985 | €3,207 | ▲ 61.6% |
| Operating cash flow (approximation) | €615 | €3,819 | €16,436 | ▲ 330% |
| Investment in fixed assets (approximation) | - | -€23,593 | -€412 | ▲ 98.3% |
| Change in cash | - | -€10,542 | €10,480 | - |
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, 39,278 companies had the same profile as J.ro has now. Two years later, 95.9% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of J.ro itself: 1.1% 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 39,278 companies, not a prediction for J.ro. 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.