JACALIS
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 25-11-2025 PDF all 29 filings
Turnover
≈ €750,000
Estimated: probably between €590,000 and €1.4m
Total assets
€2.4m▲ 64.5%
2024 · €1.5m
Net result
€155,490▼ 35.2%
2024 · €239,975
Working capital
€666,250▲ 83.4%
2024 · €363,325
In the rankings
#6 oldest company in Oostrozebeke, Professional and technical services sector#9 company by total assets in Oostrozebeke, Professional and technical services sector
Multi-year overview
2019 to 2025, 6 financial yearsOperating result
€319,097
▼ 14.8%
2025
20192025
Net result
€155,490
▼ 35.2%
2025
highest quarter of the sector
20192025
Equity
€529,064
▲ 41.6%
2025
middle half of the sector
20192025
Total assets
€2.4m
▲ 64.5%
2025
highest quarter of the sector
20192025
Debt
€1.9m
▲ 72.4%
2025
20192025
Working capital
€666,250
▲ 83.4%
2025
highest quarter of the sector
20192025
Solvency
22.1%
▼ 3.6pp
2025
lowest quarter of the sector
20192025
Current ratio
1.41
▲ 0.07
2025
middle half of the sector
20192025
Return on assets (ROA)
6.5%
▼ 10.0pp
2025
middle half of the sector
20192025
Staff (FTE)
1
=
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920212022202320242025
Operating result-€0.001m-€0.05m-€0.004m▼ 91.2%€0.1m▲ 33×€0.4m▲ 159%€0.3m▼ 14.8%
Net result-€0.001m-€0.04mwithin the sector's middle half-€0.009mwithin the sector's middle half▼ 77.8%€0.1mabove the sector's middle half▲ 12×€0.2mabove the sector's middle half▲ 120%€0.2mabove the sector's middle half▼ 35.2%
Equity-€0.03m-€0.02mbelow the sector's middle half-€0.02mbelow the sector's middle half▲ 59.7%€0.1mwithin the sector's middle half▲ 441%€0.4mwithin the sector's middle half▲ 180%€0.5mwithin the sector's middle half▲ 41.6%
Total assets€0.007m-€0.05mbelow the sector's middle half-€0.3mwithin the sector's middle half▲ 486%€0.7mabove the sector's middle half▲ 148%€1.5mwithin the sector's middle half▲ 96.7%€2.4mabove the sector's middle half▲ 64.5%
Debt€0.03m-€0.04m-€0.3m▲ 672%€0.6m▲ 122%€1.1m▲ 78.4%€1.9m▲ 72.4%
Working capital-€0.03m-€0.004mwithin the sector's middle half-€0.01mwithin the sector's middle half▲ 256%€0.1mwithin the sector's middle half▲ 872%€0.4mwithin the sector's middle half▲ 191%€0.7mabove the sector's middle half▲ 83.4%
Solvency-388.1%-30.4%within the sector's middle half-8.3%below the sector's middle half▼ 22.1pp18.1%below the sector's middle half▲ 9.8pp25.7%below the sector's middle half▲ 7.6pp22.1%below the sector's middle half▼ 3.6pp
Current ratio0.15-1.10within the sector's middle half-1.05within the sector's middle half▼ 0.051.21within the sector's middle half▲ 0.171.34within the sector's middle half▲ 0.131.41within the sector's middle half▲ 0.07
Return on assets (ROA)-17.2%-81.9%above the sector's middle half-3.1%within the sector's middle half▼ 78.8pp14.7%within the sector's middle half▲ 11.6pp16.5%above the sector's middle half▲ 1.8pp6.5%within the sector's middle half▼ 10.0pp
Staff (FTE)0.5-1▲ 100%1=1within the sector's middle half=1within the sector's middle half=
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 15% lower than in 2024.
Large changes and their cause
- 2024 Net result +120% on 2023. The accounts now follow the abbreviated format, last year the micro format.
Turnover and EBIT margin are not published. The abbreviated or 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 €2.4m
Fixed assets
€119,104 ▲ 428%
Current assets
€2.3m ▲ 58.8%
Equity and liabilities €2.4m
Equity
€529,064 ▲ 41.6%
Debt
€1.9m ▲ 72.4%
Debt's share of the balance-sheet total rises from 74.3% to 77.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€328,287▼
2024 · €377,859
Cash flow
€164,680▼
2024 · €243,354
Quick ratio
0.84▲
2024 · 0.73
Debt to equity
3.52▲
2024 · 2.89
ROE
29.4%▼
2024 · 64.2%
Interest coverage
2.69▼
2024 · 61.01
Debt ≤ 1 year
€1.6m▲
2024 · €1.1m
Debt > 1 year
€253,790▲
2024 · €12,293
Income taxes
€48,000▼
2024 · €128,888
Staff costs
€139,983▲
2024 · €85,392
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 0 |
| full-time | 1 | 1 | 1 | 0 |
| part-time | - | - | - | 0 |
| in full-time equivalents | 1 | 1 | 1 | 0 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 | 1 |
| On a permanent contract | 1 | - | 1 | 0 |
| Joined | - | - | - | 0 |
| Left | - | - | - | 1 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | €797,211 |
| Mandates to pledge the business | - | - | - | €784,918 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €16,895 | - | €172,178 |
| Financial fixed assets | - | - | - | €15,000 |
| Depreciation and write-downs of the year | - | €2,833 | €3,379 | €9,190 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €9,247 | - |
| Remuneration, social security and pensions62 | - | - | €43,017 | €82,699 | €85,392 | €139,983 | ▲ 63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €2,833 | €3,379 | €9,190 | ▲ 172% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €14,569 | - | - | - |
| Other operating charges640/8 | - | - | €2,969 | €2,337 | €2,378 | €4,465 | ▲ 87.8% |
| Non-recurring operating charges66A | - | - | - | - | - | €23,185 | - |
| Gross operating margin9900 | -€732 | €67,298 | €50,322 | €247,247 | €465,630 | €495,920 | ▲ 6.5% |
| Operating profit (loss)9901 | -€1,033 | €49,326 | €4,336 | €144,808 | €374,481 | €319,097 | ▼ 14.8% |
| Financial income75/76B | - | - | €9,617 | €1,968 | €576 | €6,427 | ▲ 11× |
| Recurring financial income75 | - | €12,942 | €9,617 | €1,968 | €576 | €3,851 | ▲ 569% |
| Non-recurring financial income76B | - | - | - | - | - | €2,575 | - |
| Financial charges65/66B | - | - | €157 | €1,611 | €6,193 | €122,034 | ▲ 20× |
| Recurring financial charges65 | €131 | €487 | €157 | €1,611 | €6,193 | €122,034 | ▲ 20× |
| Profit (loss) for the period before taxes9903 | -€1,165 | €57,538 | €13,796 | €145,164 | €368,863 | €203,490 | ▼ 44.8% |
| Income taxes67/77 | - | €15,854 | €4,558 | €36,265 | €128,888 | €48,000 | ▼ 62.8% |
| Profit (loss) for the period9904 | -€1,165 | €41,684 | €9,238 | €108,899 | €239,975 | €155,490 | ▼ 35.2% |
| Profit (loss) for the period to be appropriated9905 | -€1,165 | €41,684 | €9,238 | €108,899 | €239,975 | €155,490 | ▼ 35.2% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.007m | €0.05m | €0.3m | €0.7m | €1.5m | €2.4m | ▲ 64.5% |
| Fixed assets21/28 | €0.002m | €0.01m | €0.01m | €0.03m | €0.02m | €0.1m | ▲ 428% |
| Tangible fixed assets22/27 | €0.002m | €0.01m | €0.01m | €0.03m | €0.02m | €0.1m | ▲ 364% |
| Land and buildings22 | - | - | €0.002m | €0.002m | €0.002m | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | €0.01m | €0.01m | €0.01m | €0.04m | ▲ 280% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.01m | €0.04m | ▲ 315% |
| Other tangible fixed assets26 | - | - | - | - | - | €0.02m | - |
| Financial fixed assets28 | - | €105 | €105 | €105 | €105 | €0.02m | ▲ 144× |
| Current assets29/58 | €0.005m | €0.04m | €0.3m | €0.7m | €1.4m | €2.3m | ▲ 58.8% |
| Amounts receivable after more than one year29 | - | - | - | - | €0.1m | €0.1m | = |
| Other amounts receivable291 | - | - | - | - | €0.1m | €0.1m | = |
| Stocks and contracts in progress3 | - | - | €0.004m | €0.4m | €0.7m | €0.9m | ▲ 41.2% |
| Stocks30/36 | - | - | €0.004m | €0.4m | €0.7m | €0.9m | ▲ 41.2% |
| Amounts receivable within one year40/41 | - | €0.03m | €0.2m | €0.3m | €0.7m | €1.2m | ▲ 76.7% |
| Trade receivables40 | - | - | €0.05m | €0.07m | €0.4m | €1.1m | ▲ 179% |
| Other amounts receivable41 | - | - | €0.2m | €0.3m | €0.3m | €0.1m | ▼ 64.0% |
| Cash at bank and in hand54/58 | €0.005m | €0.001m | €0.07m | €0.02m | - | €0.06m | - |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.01m | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.007m | €0.05m | €0.3m | €0.7m | €1.5m | €2.4m | ▲ 64.5% |
| Equity10/15 | -€0.03m | €0.02m | €0.02m | €0.1m | €0.4m | €0.5m | ▲ 41.6% |
| Contributions10/11 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Capital10 | - | - | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Issued capital100 | - | - | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Profit (loss) carried forward14 | -€0.09m | -€0.05m | -€0.04m | €0.07m | €0.3m | €0.5m | ▲ 50.7% |
| Amounts payable17/49 | €0.03m | €0.04m | €0.3m | €0.6m | €1.1m | €1.9m | ▲ 72.4% |
| Amounts payable after more than one year17 | - | - | - | €0.02m | €0.01m | €0.3m | ▲ 21× |
| Financial debts170/4 | - | - | - | €0.02m | €0.01m | €0.3m | ▲ 21× |
| Amounts payable within one year42/48 | €0.03m | €0.04m | €0.3m | €0.6m | €1.1m | €1.6m | ▲ 50.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.005m | €0.02m | €0.09m | ▲ 299% |
| Financial debts43 | - | - | - | - | €0.4m | €0.5m | ▲ 19.3% |
| Credit institutions430/8 | - | - | - | - | €0.4m | €0.5m | ▲ 1.3% |
| Other loans439 | - | - | - | - | - | €0.08m | - |
| Trade debts44 | - | €0.01m | €0.1m | €0.4m | €0.4m | €0.7m | ▲ 69.4% |
| Suppliers440/4 | - | - | €0.1m | €0.4m | €0.4m | €0.7m | ▲ 69.4% |
| Advances received on contracts in progress46 | - | - | - | - | - | €0 | - |
| Taxes, remuneration and social security45 | - | - | €0.01m | €0.04m | €0.1m | €0 | ▼ 100% |
| Taxes450/3 | - | - | €0.01m | €0.04m | €0.1m | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | €0.002m | - | €0.006m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €0.1m | €0.1m | €0.06m | €0.2m | ▲ 319% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.003m | - |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,165 | €41,684 | €9,238 | €108,899 | €239,975 | €155,490 | ▼ 35.2% |
| + Depreciation and write-downs630 | - | - | - | €2,833 | €3,379 | €9,190 | ▲ 172% |
| Operating cash flow (approximation) | -€1,165 | €41,684 | €9,238 | €111,732 | €243,354 | €164,680 | ▼ 32.3% |
| Investment in fixed assets (approximation) | - | - | €0 | -€16,895 | €0 | -€105,752 | - |
| Change in cash | - | - | €73,793 | -€57,639 | - | - | - |
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, 3,818 companies had the same profile as JACALIS has now. Two years later, 95.1% were still going and 1.0% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
95.1%
was still going
3.7%
stopped otherwise
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JACALIS 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 3,818 companies, not a prediction for JACALIS. 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 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 25-11-2025 | 2025-00570634 | |
| 30-06-2024 | abbreviated format | 18-11-2024 | 2024-00601181 | |
| 30-06-2023 | micro format | 29-11-2023 | 2023-00518190 | |
| 30-06-2022 | micro format | 20-12-2022 | 2022-20540904 | |
| 30-06-2021 | micro format | 17-01-2022 | 2022-01000454 | |
| 30-09-2019 | micro format | 03-03-2020 | 2020-06000434 | |
| 30-09-2018 | micro format | 28-02-2019 | 2019-05900253 | |
| 30-09-2017 | micro format | 23-03-2018 | 2018-07500067 | |
| 30-09-2016 | abbreviated format | 30-03-2017 | 2017-07900464 | |
| 30-09-2015 | abbreviated format | 29-03-2016 | 2016-07900168 |