Jacky
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 07-04-2026 PDF all 4 filings
Turnover
≈ €320,000
Estimated: probably between €260,000 and €400,000
Total assets
€174,105▲ 50.6%
2024 · €115,634
Net result
€68,196▲ 134%
2024 · €29,120
Working capital
-€35,471
2024 · €28,192
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€96,310
▲ 137%
2025
20222025
Net result
€68,196
▲ 134%
2025
highest quarter of the sector
20222025
Equity
€10,000
▼ 86.4%
2025
middle half of the sector
20222025
Total assets
€174,105
▲ 50.6%
2025
middle half of the sector
20222025
Debt
€164,105
▲ 290%
2025
20222025
Working capital
-€35,471
2025
lowest quarter of the sector
20222025
Solvency
5.7%
▼ 57.8pp
2025
middle half of the sector
20222025
Current ratio
0.77
▼ 1.41
2025
middle half of the sector
20222025
Return on assets (ROA)
39.2%
▲ 14.0pp
2025
highest quarter of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€5,740-€37,845▲ 559%€40,720▲ 7.6%€96,310▲ 137%
Net result€5,035within the sector's middle half-€29,368above the sector's middle half▲ 483%€29,120above the sector's middle half▼ 0.8%€68,196above the sector's middle half▲ 134%
Equity€15,035within the sector's middle half-€44,403within the sector's middle half▲ 195%€73,523within the sector's middle half▲ 65.6%€10,000within the sector's middle half▼ 86.4%
Total assets€23,512below the sector's middle half-€82,344within the sector's middle half▲ 250%€115,634within the sector's middle half▲ 40.4%€174,105within the sector's middle half▲ 50.6%
Debt€8,478-€37,941▲ 348%€42,110▲ 11.0%€164,105▲ 290%
Working capital€5,771within the sector's middle half-€23,672within the sector's middle half▲ 310%€28,192within the sector's middle half▲ 19.1%-€35,471below the sector's middle half
Solvency63.9%above the sector's middle half-53.9%within the sector's middle half▼ 10.0pp63.6%above the sector's middle half▲ 9.7pp5.7%within the sector's middle half▼ 57.8pp
Current ratio1.72within the sector's middle half-1.83within the sector's middle half▲ 0.112.18above the sector's middle half▲ 0.350.77within the sector's middle half▼ 1.41
Return on assets (ROA)21.4%above the sector's middle half-35.7%above the sector's middle half▲ 14.3pp25.2%above the sector's middle half▼ 10.5pp39.2%above the sector's middle half▲ 14.0pp
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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 137% higher than in 2024 and the highest since 2022. It is the third 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €174,105
Fixed assets
€57,610 ▼ 9.3%
Current assets
€116,495 ▲ 124%
Equity and liabilities €174,105
Equity
€10,000 ▼ 86.4%
Debt
€164,105 ▲ 290%
Debt's share of the balance-sheet total rises from 36.4% to 94.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€111,514▲
2024 · €51,977
Cash flow
€83,400▲
2024 · €40,377
Quick ratio
0.75▼
2024 · 2.12
Debt to equity
16.41▲
2024 · 0.57
ROE
682.0%▲
2024 · 39.6%
Interest coverage
44.96▲
2024 · 15.28
Debt ≤ 1 year
€151,966▲
2024 · €23,930
Debt > 1 year
€12,139▼
2024 · €18,180
Income taxes
€25,899▲
2024 · €8,220
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €7,250 | €24,275 | €44,664 | €9,302 |
| Intangible fixed assets | €1,790 | - | - | - |
| Financial fixed assets | €0 | - | - | - |
| Depreciation and write-downs of the year | €589 | €3,855 | €11,257 | €15,204 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €589 | €3,855 | €11,257 | €15,204 | ▲ 35.1% |
| Other operating charges640/8 | €93 | €481 | €458 | €408 | ▼ 10.9% |
| Gross operating margin9900 | €6,422 | €42,181 | €52,435 | €111,922 | ▲ 113% |
| Operating profit (loss)9901 | €5,740 | €37,845 | €40,720 | €96,310 | ▲ 137% |
| Financial income75/76B | €7 | €502 | €21 | €265 | ▲ 13× |
| Recurring financial income75 | €7 | €502 | €21 | €265 | ▲ 13× |
| Financial charges65/66B | €19 | €998 | €3,401 | €2,480 | ▼ 27.1% |
| Recurring financial charges65 | €19 | €998 | €3,401 | €2,480 | ▼ 27.1% |
| Profit (loss) for the period before taxes9903 | €5,728 | €37,350 | €37,340 | €94,095 | ▲ 152% |
| Income taxes67/77 | €694 | €7,981 | €8,220 | €25,899 | ▲ 215% |
| Profit (loss) for the period9904 | €5,035 | €29,368 | €29,120 | €68,196 | ▲ 134% |
| Profit (loss) for the period to be appropriated9905 | €5,035 | €29,368 | €29,120 | €68,196 | ▲ 134% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €23,512 | €82,344 | €115,634 | €174,105 | ▲ 50.6% |
| Formation expenses20 | €938 | - | - | - | - |
| Fixed assets21/28 | €8,745 | €30,104 | €63,511 | €57,610 | ▼ 9.3% |
| Intangible fixed assets21 | €1,719 | €1,361 | €1,003 | €645 | ▼ 35.7% |
| Tangible fixed assets22/27 | €7,026 | €28,743 | €62,508 | €56,965 | ▼ 8.9% |
| Plant, machinery and equipment23 | €7,026 | €11,502 | €24,232 | €20,932 | ▼ 13.6% |
| Other tangible fixed assets26 | - | €17,241 | €38,277 | €36,033 | ▼ 5.9% |
| Current assets29/58 | €13,829 | €52,241 | €52,122 | €116,495 | ▲ 124% |
| Stocks and contracts in progress3 | €352 | €1,288 | €1,408 | €2,116 | ▲ 50.3% |
| Stocks30/36 | €352 | €1,288 | €1,408 | €2,116 | ▲ 50.3% |
| Amounts receivable within one year40/41 | €8,170 | €5,837 | €12,886 | €16,937 | ▲ 31.4% |
| Trade receivables40 | €8,159 | €5,826 | €12,886 | €16,937 | ▲ 31.4% |
| Other amounts receivable41 | €11 | €11 | - | - | - |
| Cash at bank and in hand54/58 | €5,307 | €44,718 | €37,334 | €96,853 | ▲ 159% |
| Deferred charges and accrued income490/1 | - | €397 | €494 | €589 | ▲ 19.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €23,512 | €82,344 | €115,634 | €174,105 | ▲ 50.6% |
| Equity10/15 | €15,035 | €44,403 | €73,523 | €10,000 | ▼ 86.4% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €5,035 | €34,403 | €63,523 | - | - |
| Amounts payable17/49 | €8,478 | €37,941 | €42,110 | €164,105 | ▲ 290% |
| Amounts payable after more than one year17 | - | €9,373 | €18,180 | €12,139 | ▼ 33.2% |
| Financial debts170/4 | - | €9,373 | €18,180 | €12,139 | ▼ 33.2% |
| Amounts payable within one year42/48 | €8,058 | €28,568 | €23,930 | €151,966 | ▲ 535% |
| Current portion of amounts payable after more than one year42 | - | €6,156 | €5,664 | €6,041 | ▲ 6.7% |
| Trade debts44 | €3,206 | €375 | €1,132 | €6,216 | ▲ 449% |
| Suppliers440/4 | €3,206 | €375 | €1,132 | €6,216 | ▲ 449% |
| Advances received on contracts in progress46 | - | €450 | - | - | - |
| Taxes, remuneration and social security45 | €60 | €8,162 | €9,082 | €19,387 | ▲ 113% |
| Taxes450/3 | €60 | €8,162 | €7,403 | €19,387 | ▲ 162% |
| Remuneration and social security454/9 | - | - | €1,679 | - | - |
| Other amounts payable47/48 | €4,791 | €13,424 | €8,053 | €120,322 | ▲ 15× |
| Accrued charges and deferred income492/3 | €420 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,035 | €29,368 | €29,120 | €68,196 | ▲ 134% |
| + Depreciation and write-downs630 | €589 | €3,855 | €11,257 | €15,204 | ▲ 35.1% |
| Operating cash flow (approximation) | €5,623 | €33,223 | €40,377 | €83,400 | ▲ 107% |
| Investment in fixed assets (approximation) | - | -€25,214 | -€44,664 | -€9,302 | ▲ 79.2% |
| Change in cash | - | €39,411 | -€7,385 | €59,519 | - |
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, 2,157 companies had the same profile as Jacky has now. Two years later, 94.1% were still going and 3.0% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
94.1%
was still going
2.8%
stopped otherwise
3.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Jacky itself: 1.7% 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 2,157 companies, not a prediction for Jacky. 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.