JACK BERBEN
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 03-07-2026 at the NBB all 13 filings
Turnover
≈ €94,000
Estimated: probably between €55,000 and €130,000
Total assets
€409,056▼ 5.1%
2024 · €431,206
Net result
€18,910▼ 85.1%
2024 · €126,777
Working capital
€128,205▼ 21.7%
2024 · €163,724
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€23,389
▼ 86.8%
2025
20182025
Net result
€18,910
▼ 85.1%
2025
middle half of the sector
20182025
Equity
€288,206
▲ 6.7%
2025
highest quarter of the sector
20182025
Total assets
€409,056
▼ 5.1%
2025
middle half of the sector
20182025
Debt
€84,451
▼ 11.9%
2025
20182025
Working capital
€128,205
▼ 21.7%
2025
middle half of the sector
20182025
Solvency
70.5%
▲ 7.8pp
2025
middle half of the sector
20182025
Current ratio
2.52
▼ 0.97
2025
middle half of the sector
20182025
Return on assets (ROA)
4.6%
▼ 24.8pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€48,559--€5,867-€4,915▲ 16.2%-€49,369▼ 904%€21,765€129,591▲ 495%€177,368▲ 36.9%€23,389▼ 86.8%
Net result€36,952--€14,049-€8,329below the sector's middle half▲ 40.7%-€58,223below the sector's middle half▼ 599%€12,514within the sector's middle half€126,294above the sector's middle half▲ 909%€126,777above the sector's middle half▲ 0.4%€18,910within the sector's middle half▼ 85.1%
Equity€263,132-€249,083▼ 5.3%€240,754above the sector's middle half▼ 3.3%€182,531within the sector's middle half▼ 24.2%€195,045within the sector's middle half▲ 6.9%€310,813above the sector's middle half▲ 59.4%€270,129above the sector's middle half▼ 13.1%€288,206above the sector's middle half▲ 6.7%
Total assets€516,724-€471,862▼ 8.7%€421,782within the sector's middle half▼ 10.6%€485,954within the sector's middle half▲ 15.2%€511,290above the sector's middle half▲ 5.2%€570,437above the sector's middle half▲ 11.6%€431,206within the sector's middle half▼ 24.4%€409,056within the sector's middle half▼ 5.1%
Debt€253,592-€222,780▼ 12.2%€181,028▼ 18.7%€303,422▲ 67.6%€316,245▲ 4.2%€233,765▼ 26.1%€95,898▼ 59.0%€84,451▼ 11.9%
Working capital€21,946-€101,053▲ 360%€82,844within the sector's middle half▼ 18.0%€17,876within the sector's middle half▼ 78.4%-€43,329below the sector's middle half€168,256above the sector's middle half€163,724above the sector's middle half▼ 2.7%€128,205within the sector's middle half▼ 21.7%
Solvency50.9%-52.8%▲ 1.9pp57.1%within the sector's middle half▲ 4.3pp37.6%within the sector's middle half▼ 19.5pp38.1%within the sector's middle half▲ 0.6pp54.5%within the sector's middle half▲ 16.3pp62.6%within the sector's middle half▲ 8.2pp70.5%within the sector's middle half▲ 7.8pp
Current ratio1.36-2.62▲ 1.272.57within the sector's middle half▼ 0.051.30within the sector's middle half▼ 1.270.63below the sector's middle half▼ 0.683.09within the sector's middle half▲ 2.463.49within the sector's middle half▲ 0.412.52within the sector's middle half▼ 0.97
Return on assets (ROA)7.2%--3.0%▼ 10.1pp-2.0%below the sector's middle half▲ 1.0pp-12.0%below the sector's middle half▼ 10.0pp2.4%within the sector's middle half▲ 14.4pp22.1%within the sector's middle half▲ 19.7pp29.4%within the sector's middle half▲ 7.3pp4.6%within the sector's middle half▼ 24.8pp
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 87% lower than in 2024.
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 €409,056
Fixed assets
€196,400 ▼ 2.7%
Current assets
€212,656 ▼ 7.3%
Equity and liabilities €409,056
Equity
€288,206 ▲ 6.7%
Provisions
€36,399 ▼ 44.2%
Debt
€84,451 ▼ 11.9%
Debt's share of the balance-sheet total falls from 22.2% to 20.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28,793▼
2024 · €184,747
Cash flow
€24,313▼
2024 · €134,157
Debt to equity
0.29▼
2024 · 0.36
ROE
6.6%▼
2024 · 46.9%
Interest coverage
3.47▼
2024 · 25.00
Debt ≤ 1 year
€84,451▲
2024 · €65,678
Income taxes
€26,760▲
2024 · €7,194
Staff costs
€353▲
2024 · €245
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | - | - | - | €25,000 |
| Mortgage mandates | - | - | - | - | €135,000 |
| Carrying value of the mortgaged assets | - | - | - | - | €184,755 |
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 | €197,053 | €62,720 | - | €4,200 | - |
| Depreciation and write-downs of the year | €74,573 | €20,384 | €15,842 | €7,380 | €5,403 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €4,500 | €103,436 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €760 | - | €245 | €353 | ▲ 44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,632 | €26,686 | €23,482 | €74,573 | €20,384 | €15,842 | €7,380 | €5,403 | ▼ 26.8% |
| Other operating charges640/8 | - | - | - | €2,631 | €6,546 | €14,876 | €28,771 | €3,209 | ▼ 88.8% |
| Gross operating margin9900 | €77,998 | €25,333 | €21,376 | €27,835 | €49,454 | €160,308 | €213,764 | €32,355 | ▼ 84.9% |
| Operating profit (loss)9901 | €48,559 | -€5,867 | -€4,915 | -€49,369 | €21,765 | €129,591 | €177,368 | €23,389 | ▼ 86.8% |
| Financial income75/76B | - | - | - | €355 | €3 | €32,407 | €3,313 | €1,794 | ▼ 45.8% |
| Recurring financial income75 | €15 | €217 | €408 | €355 | €3 | €10 | €3,313 | €1,794 | ▼ 45.8% |
| Non-recurring financial income76B | - | - | - | - | - | €32,397 | - | - | - |
| Financial charges65/66B | - | - | - | €5,955 | €8,983 | €8,193 | €7,389 | €8,294 | ▲ 12.2% |
| Recurring financial charges65 | €6,275 | €7,161 | €5,562 | €5,955 | €8,983 | €8,193 | €7,389 | €8,294 | ▲ 12.2% |
| Profit (loss) for the period before taxes9903 | €42,299 | -€12,812 | -€10,069 | -€54,970 | €12,784 | €153,805 | €173,292 | €16,890 | ▼ 90.3% |
| Transfer from deferred taxes780 | - | - | - | - | - | - | €6,179 | €28,780 | ▲ 366% |
| Transfer to deferred taxes680 | - | - | - | - | - | €25,859 | €45,499 | - | - |
| Income taxes67/77 | €5,348 | €1,237 | -€1,741 | €3,253 | €270 | €1,652 | €7,194 | €26,760 | ▲ 272% |
| Profit (loss) for the period9904 | €36,952 | -€14,049 | -€8,329 | -€58,223 | €12,514 | €126,294 | €126,777 | €18,910 | ▼ 85.1% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | €18,538 | €59,039 | ▲ 218% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €77,577 | €136,498 | €9,100 | ▼ 93.3% |
| Profit (loss) for the period to be appropriated9905 | €36,952 | -€14,049 | -€8,329 | -€58,223 | €12,514 | €48,718 | €8,817 | €68,849 | ▲ 681% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €516,724 | €471,862 | €421,782 | €485,954 | €511,290 | €570,437 | €431,206 | €409,056 | ▼ 5.1% |
| Fixed assets21/28 | €433,242 | €308,559 | €286,316 | €408,796 | €438,993 | €321,587 | €201,804 | €196,400 | ▼ 2.7% |
| Intangible fixed assets21 | €4,570 | €2,710 | €850 | €40 | - | - | - | - | - |
| Tangible fixed assets22/27 | €426,172 | €305,849 | €285,466 | €408,756 | €438,993 | €321,587 | €201,804 | €196,400 | ▼ 2.7% |
| Land and buildings22 | - | - | - | €382,197 | €426,531 | €310,511 | €189,506 | €184,755 | ▼ 2.5% |
| Plant, machinery and equipment23 | - | - | - | €3,864 | €2,084 | €877 | €883 | €479 | ▼ 45.8% |
| Furniture and vehicles24 | - | - | - | €22,696 | €10,378 | €10,200 | €11,414 | €11,167 | ▼ 2.2% |
| Financial fixed assets28 | €2,500 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €83,481 | €163,303 | €135,466 | €77,157 | €72,297 | €248,850 | €229,402 | €212,656 | ▼ 7.3% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | - | €15,750 | - |
| Other amounts receivable291 | - | - | - | - | - | - | - | €15,750 | - |
| Amounts receivable within one year40/41 | €52,995 | €41,792 | €27,749 | €30,715 | €28,071 | €75,776 | €4,277 | €23,443 | ▲ 448% |
| Trade receivables40 | - | - | - | €17,462 | €4,926 | €21,770 | €3,505 | €21,927 | ▲ 526% |
| Other amounts receivable41 | - | - | - | €13,253 | €23,145 | €54,006 | €772 | €1,516 | ▲ 96.3% |
| Current investments50/53 | - | - | - | - | - | - | €161,000 | - | - |
| Cash at bank and in hand54/58 | €29,547 | €118,576 | €103,840 | €43,084 | €40,455 | €170,211 | €26,151 | €170,357 | ▲ 551% |
| Deferred charges and accrued income490/1 | - | - | - | €3,357 | €3,770 | €2,862 | €37,974 | €3,106 | ▼ 91.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €516,724 | €471,862 | €421,782 | €485,954 | €511,290 | €570,437 | €431,206 | €409,056 | ▼ 5.1% |
| Equity10/15 | €263,132 | €249,083 | €240,754 | €182,531 | €195,045 | €310,813 | €270,129 | €288,206 | ▲ 6.7% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €35,493 | €35,493 | €35,493 | €170,131 | €182,645 | €298,413 | €257,729 | €275,806 | ▲ 7.0% |
| Tax-exempt reserves132 | - | - | - | - | - | €77,577 | €195,537 | €145,598 | ▼ 25.5% |
| Distributable reserves133 | - | - | - | €170,131 | €182,645 | €220,836 | €62,192 | €130,208 | ▲ 109% |
| Profit (loss) carried forward14 | €215,239 | €201,190 | €192,861 | - | - | - | - | - | - |
| Provisions and deferred taxes16 | - | - | - | - | - | €25,859 | €65,179 | €36,399 | ▼ 44.2% |
| Deferred taxes168 | - | - | - | - | - | €25,859 | €65,179 | €36,399 | ▼ 44.2% |
| Amounts payable17/49 | €253,592 | €222,780 | €181,028 | €303,422 | €316,245 | €233,765 | €95,898 | €84,451 | ▼ 11.9% |
| Amounts payable after more than one year17 | €192,057 | €160,530 | €128,406 | €242,941 | €197,569 | €153,171 | €30,220 | - | - |
| Financial debts170/4 | - | - | - | €242,941 | €197,569 | €153,171 | €30,220 | - | - |
| Amounts payable within one year42/48 | €61,535 | €62,250 | €52,622 | €59,282 | €115,626 | €80,594 | €65,678 | €84,451 | ▲ 28.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €42,893 | €42,644 | €43,379 | €32,506 | €30,220 | ▼ 7.0% |
| Trade debts44 | €6,384 | €19,226 | €9,579 | €2,348 | €4,244 | €6,750 | €1,639 | €2,772 | ▲ 69.2% |
| Suppliers440/4 | - | - | - | €2,348 | €4,244 | €6,750 | €1,639 | €2,772 | ▲ 69.2% |
| Taxes, remuneration and social security45 | - | - | - | €14,040 | €14,220 | €9,613 | €22,156 | €46,139 | ▲ 108% |
| Taxes450/3 | - | - | - | €14,040 | €14,220 | €9,613 | €22,156 | €46,139 | ▲ 108% |
| Other amounts payable47/48 | - | - | - | - | €54,518 | €20,852 | €9,377 | €5,320 | ▼ 43.3% |
| Accrued charges and deferred income492/3 | - | - | - | €1,200 | €3,050 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,952 | -€14,049 | -€8,329 | -€58,223 | €12,514 | €126,294 | €126,777 | €18,910 | ▼ 85.1% |
| + Depreciation and write-downs630 | €25,632 | €26,686 | €23,482 | €74,573 | €20,384 | €15,842 | €7,380 | €5,403 | ▼ 26.8% |
| Operating cash flow (approximation) | €62,584 | €12,637 | €15,153 | €16,350 | €32,898 | €142,136 | €134,157 | €24,313 | ▼ 81.9% |
| Investment in fixed assets (approximation) | - | €97,997 | -€1,239 | -€197,053 | -€50,581 | €101,564 | €112,404 | €0 | ▼ 100% |
| Change in cash | - | €89,028 | -€14,736 | -€60,756 | -€2,629 | €129,756 | -€144,061 | €144,206 | - |
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, 10,904 companies had the same profile as JACK BERBEN has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.1%
was still going
4.0%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of JACK BERBEN 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 10,904 companies, not a prediction for JACK BERBEN. 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 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 03-07-2026 | 2026-00257673 | |
| 31-12-2024 | micro format | 17-06-2025 | 2025-00151406 | |
| 31-12-2023 | micro format | 13-05-2024 | 2024-00086365 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00272997 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20379976 | |
| 31-12-2020 | micro format | 31-07-2021 | 2021-44700522 | |
| 31-12-2019 | micro format | 04-06-2020 | 2020-14500479 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-53000352 | |
| 31-12-2017 | micro format | 01-06-2018 | 2018-15400328 | |
| 31-12-2016 | micro format | 23-08-2017 | 2017-46800097 |