JACK - ELI
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 46 filings
Turnover
≈ €75,000
Estimated: probably between €35,000 and €180,000
Total assets
€568,169▼ 4.9%
2024 · €597,250
Net result
-€11,089▲ 37.9%
2024 · -€17,851
Working capital
-€11,370▲ 10.3%
2024 · -€12,677
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€14,763
▲ 31.4%
2025
20182025
Net result
-€11,089
▲ 37.9%
2025
20182025
Equity
€484,220
▼ 2.2%
2025
20182025
Total assets
€568,169
▼ 4.9%
2025
20182025
Debt
€24,994
▼ 36.3%
2025
20182025
Working capital
-€11,370
▲ 10.3%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€170,867--€15,469-€35,408▼ 129%-€35,501▼ 0.3%-€29,182▲ 17.8%-€15,715▲ 46.1%-€21,529▼ 37.0%-€14,763▲ 31.4%
Net result€137,104--€15,545-€46,970▼ 202%-€35,467▲ 24.5%-€25,454▲ 28.2%€3,599-€17,851-€11,089▲ 37.9%
Equity€602,626-€587,081▼ 2.6%€570,482▼ 2.8%€535,015▼ 6.2%€509,561▼ 4.8%€513,160▲ 0.7%€495,309▼ 3.5%€484,220▼ 2.2%
Total assets€858,669-€825,517▼ 3.9%€753,323▼ 8.7%€695,554▼ 7.7%€657,730▼ 5.4%€630,299▼ 4.2%€597,250▼ 5.2%€568,169▼ 4.9%
Debt€130,137-€116,792▼ 10.3%€83,680▼ 28.4%€65,568▼ 21.6%€57,160▼ 12.8%€50,684▼ 11.3%€39,239▼ 22.6%€24,994▼ 36.3%
Working capital€82,727-€80,045▼ 3.2%-€15,828-€34,005▼ 115%-€44,485▼ 30.8%-€9,853▲ 77.9%-€12,677▼ 28.7%-€11,370▲ 10.3%
The operating result for 2025 is a loss of €14,763, smaller than the loss of €21,529 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 €568,169
Fixed assets
€554,545 ▼ 2.8%
Current assets
€13,624 ▼ 48.7%
Equity and liabilities €568,169
Equity
€484,220 ▼ 2.2%
Provisions
€58,955 ▼ 6.0%
Debt
€24,994 ▼ 36.3%
Debt's share of the balance-sheet total falls from 6.6% to 4.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€7,117▲
2024 · -€255
Cash flow
€10,792▲
2024 · €3,423
Current ratio
0.55▼
2024 · 0.68
Debt to equity
0.05▼
2024 · 0.08
ROE
-2.3%▲
2024 · -3.6%
ROA
-2.0%▲
2024 · -3.0%
Interest coverage
98.64▲
2024 · -3.39
Debt ≤ 1 year
€24,994▼
2024 · €39,239
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 | - | - | - | €2,494 | €5,738 |
| Depreciation and write-downs of the year | €21,947 | €21,947 | €20,876 | €21,274 | €21,880 |
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 | - | - | - | - | - | €7,148 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,197 | €20,100 | €21,306 | €21,947 | €21,947 | €20,876 | €21,274 | €21,880 | ▲ 2.9% |
| Other operating charges640/8 | - | - | - | €3,085 | €3,034 | €2,673 | €2,734 | €2,764 | ▲ 1.1% |
| Gross operating margin9900 | €198,347 | €8,381 | -€11,285 | -€10,469 | -€4,201 | €7,835 | €2,479 | €9,881 | ▲ 299% |
| Operating profit (loss)9901 | €170,867 | -€15,469 | -€35,408 | -€35,501 | -€29,182 | -€15,715 | -€21,529 | -€14,763 | ▲ 31.4% |
| Financial income75/76B | - | - | - | - | - | €1 | - | - | - |
| Recurring financial income75 | €5 | €10 | - | - | - | €1 | - | - | - |
| Financial charges65/66B | - | - | - | €3,216 | €234 | €151 | €75 | €72 | ▼ 3.9% |
| Recurring financial charges65 | €7,953 | €4,348 | €3,675 | €3,216 | €234 | €151 | €75 | €72 | ▼ 3.9% |
| Profit (loss) for the period before taxes9903 | €162,918 | -€19,806 | -€39,083 | -€38,718 | -€29,415 | -€15,864 | -€21,604 | -€14,836 | ▲ 31.3% |
| Transfer from deferred taxes780 | - | - | - | €4,190 | €3,961 | €24,554 | €3,753 | €3,747 | ▼ 0.2% |
| Income taxes67/77 | €12,399 | - | - | €939 | - | €5,091 | - | - | - |
| Profit (loss) for the period9904 | €137,104 | -€15,545 | -€46,970 | -€35,467 | -€25,454 | €3,599 | -€17,851 | -€11,089 | ▲ 37.9% |
| Transfer from tax-exempt reserves789 | - | - | - | €18,435 | €11,884 | €73,663 | €11,258 | €11,240 | ▼ 0.2% |
| Profit (loss) for the period to be appropriated9905 | €55,825 | -€5,400 | -€24,487 | -€17,031 | -€13,570 | €77,262 | -€6,593 | €151 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €858,669 | €825,517 | €753,323 | €695,554 | €657,730 | €630,299 | €597,250 | €568,169 | ▼ 4.9% |
| Fixed assets21/28 | €652,957 | €632,857 | €689,089 | €667,142 | €645,196 | €589,468 | €570,688 | €554,545 | ▼ 2.8% |
| Tangible fixed assets22/27 | €652,957 | €632,857 | €689,089 | €667,142 | €645,196 | €589,468 | €570,688 | €554,545 | ▼ 2.8% |
| Land and buildings22 | - | - | - | €666,089 | €644,627 | €589,099 | €569,849 | €549,014 | ▼ 3.7% |
| Plant, machinery and equipment23 | - | - | - | €1,054 | €568 | €369 | €838 | €5,531 | ▲ 560% |
| Current assets29/58 | €205,712 | €192,660 | €64,233 | €28,411 | €12,534 | €40,831 | €26,563 | €13,624 | ▼ 48.7% |
| Amounts receivable within one year40/41 | €339 | - | - | - | - | €27 | - | - | - |
| Trade receivables40 | - | - | - | - | - | €27 | - | - | - |
| Cash at bank and in hand54/58 | €202,229 | €191,448 | €62,928 | €27,930 | €12,053 | €40,803 | €25,975 | €13,019 | ▼ 49.9% |
| Deferred charges and accrued income490/1 | - | - | - | €481 | €481 | - | €587 | €605 | ▲ 3.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €858,669 | €825,517 | €753,323 | €695,554 | €657,730 | €630,299 | €597,250 | €568,169 | ▼ 4.9% |
| Equity10/15 | €602,626 | €587,081 | €570,482 | €535,015 | €509,561 | €513,160 | €495,309 | €484,220 | ▼ 2.2% |
| Contributions10/11 | €312,168 | €312,168 | €312,168 | €312,168 | €312,168 | €343,385 | €343,385 | €343,385 | = |
| Reserves13 | €336,820 | €326,676 | €334,563 | €316,128 | €304,244 | €199,364 | €188,106 | €176,866 | ▼ 6.0% |
| Non-distributable reserves130/1 | - | - | - | €31,217 | €31,217 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €31,217 | €31,217 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €284,911 | €273,027 | €199,364 | €188,106 | €176,866 | ▼ 6.0% |
| Profit (loss) carried forward14 | -€46,363 | -€51,763 | -€76,249 | -€93,281 | -€106,851 | -€29,589 | -€36,182 | -€36,031 | ▲ 0.4% |
| Provisions and deferred taxes16 | €125,906 | €121,644 | €99,160 | €94,970 | €91,009 | €66,455 | €62,702 | €58,955 | ▼ 6.0% |
| Deferred taxes168 | - | - | - | €94,970 | €91,009 | €66,455 | €62,702 | €58,955 | ▼ 6.0% |
| Amounts payable17/49 | €130,137 | €116,792 | €83,680 | €65,568 | €57,160 | €50,684 | €39,239 | €24,994 | ▼ 36.3% |
| Amounts payable within one year42/48 | €122,985 | €112,615 | €80,061 | €62,417 | €57,020 | €50,684 | €39,239 | €24,994 | ▼ 36.3% |
| Trade debts44 | €3,253 | - | - | €89 | - | - | €1,629 | €1,905 | ▲ 16.9% |
| Suppliers440/4 | - | - | - | €89 | - | - | €1,629 | €1,905 | ▲ 16.9% |
| Taxes, remuneration and social security45 | - | - | - | €939 | €939 | €5,091 | €5,091 | - | - |
| Taxes450/3 | - | - | - | €939 | €939 | €5,091 | €5,091 | - | - |
| Other amounts payable47/48 | - | - | - | €61,389 | €56,080 | €45,593 | €32,519 | €23,089 | ▼ 29.0% |
| Accrued charges and deferred income492/3 | - | - | - | €3,152 | €140 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €137,104 | -€15,545 | -€46,970 | -€35,467 | -€25,454 | €3,599 | -€17,851 | -€11,089 | ▲ 37.9% |
| + Depreciation and write-downs630 | €21,197 | €20,100 | €21,306 | €21,947 | €21,947 | €20,876 | €21,274 | €21,880 | ▲ 2.9% |
| Operating cash flow (approximation) | €158,301 | €4,555 | -€25,664 | -€13,520 | -€3,507 | €24,475 | €3,423 | €10,792 | ▲ 215% |
| Investment in fixed assets (approximation) | - | €0 | -€77,539 | €0 | €0 | €34,852 | -€2,494 | -€5,738 | ▼ 130% |
| Change in cash | - | -€10,781 | -€128,520 | -€34,998 | -€15,877 | €28,750 | -€14,828 | -€12,956 | ▲ 12.6% |
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, 8,617 companies had the same profile as JACK - ELI has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JACK - ELI 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 8,617 companies, not a prediction for JACK - ELI. 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 46 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00378725 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00422520 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00318662 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00367388 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20244841 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-44600164 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-39000129 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-56800562 | |
| 31-12-2017 | micro format | 07-07-2018 | 2018-30900589 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-57300107 |