JACOBY
ActiveFinancials · financial year 2025, unclassified schema
Annual accounts 2025 filed on 21-05-2026 PDF all 35 filings
Turnover
≈ €150,000
Estimated: probably between €76,000 and €450,000
EBIT margin
Not included in this filing
Net result
€3,174▼ 78.0%
2024 · €14,411
Working capital
€2,097▼ 84.7%
2024 · €13,717
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€4,875
▼ 74.1%
2025
20182025
Net result
€3,174
▼ 78.0%
2025
20182025
Equity
€35,461
▼ 4.9%
2025
20182025
Total assets
€47,095
▼ 7.9%
2025
20182025
Debt
€11,634
▼ 16.0%
2025
20182025
Working capital
€2,097
▼ 84.7%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€9,913--€6,760-€7,399▼ 9.4%-€6,906▲ 6.7%€3,123€21,360▲ 584%€18,854▼ 11.7%€4,875▼ 74.1%
Net result€7,531--€7,380-€7,960▼ 7.9%-€7,451▲ 6.4%€2,837€21,151▲ 645%€14,411▼ 31.9%€3,174▼ 78.0%
Equity€37,720-€27,549▼ 27.0%€17,838▼ 35.2%€10,388▼ 41.8%€11,225▲ 8.1%€27,376▲ 144%€37,287▲ 36.2%€35,461▼ 4.9%
Total assets€49,335-€42,306▼ 14.2%€23,866▼ 43.6%€18,252▼ 23.5%€17,040▼ 6.6%€37,015▲ 117%€51,144▲ 38.2%€47,095▼ 7.9%
Debt€11,615-€14,757▲ 27.1%€6,028▼ 59.2%€7,865▲ 30.5%€5,815▼ 26.1%€9,639▲ 65.8%€13,857▲ 43.8%€11,634▼ 16.0%
Working capital€18,392-€6,452▼ 64.9%€4,936▼ 23.5%€3,910▼ 20.8%€6,497▲ 66.1%€6,459▼ 0.6%€13,717▲ 112%€2,097▼ 84.7%
The operating result for 2025 is 74% lower than in 2024. It is the second fall in a row.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47,095
Fixed assets
€34,984 ▲ 37.9%
Current assets
€12,111 ▼ 53.0%
Equity and liabilities €47,095
Equity
€35,461 ▼ 4.9%
Debt
€11,634 ▼ 16.0%
Debt's share of the balance-sheet total falls from 27.1% to 24.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€14,452▼
2024 · €25,097
Cash flow
€12,751▼
2024 · €20,654
Current ratio
1.21▼
2024 · 2.14
Quick ratio
1.13▼
2024 · 2.07
Debt to equity
0.33▼
2024 · 0.37
ROE
9.0%▼
2024 · 38.6%
ROA
6.7%▼
2024 · 28.2%
Interest coverage
95.84▼
2024 · over 100
Debt ≤ 1 year
€10,014▼
2024 · €12,063
Income taxes
€1,560▼
2024 · €4,296
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 | €1,570 | €2,195 | €21,362 | €9,190 | €19,934 |
| Depreciation and write-downs of the year | €7,995 | €3,944 | €5,174 | €6,243 | €9,577 |
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 | - | - | - | €381 | €975 | €480 | €603 | €3,922 | ▲ 551% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,718 | €8,314 | €8,195 | €7,995 | €3,944 | €5,174 | €6,243 | €9,577 | ▲ 53.4% |
| Other operating charges640/8 | - | - | - | €445 | €448 | €422 | €421 | €638 | ▲ 51.7% |
| Gross operating margin9900 | €18,182 | €3,140 | €1,240 | €1,534 | €7,515 | €26,956 | €25,518 | €15,091 | ▼ 40.9% |
| Operating profit (loss)9901 | €9,913 | -€6,760 | -€7,399 | -€6,906 | €3,123 | €21,360 | €18,854 | €4,875 | ▼ 74.1% |
| Financial income75/76B | - | - | - | - | €2 | €0 | €0 | €10 | ▲ 984× |
| Recurring financial income75 | €241 | - | €0 | - | €2 | €0 | €0 | €10 | ▲ 984× |
| Financial charges65/66B | - | - | - | €457 | €168 | €143 | €147 | €151 | ▲ 2.8% |
| Recurring financial charges65 | €350 | €499 | €416 | €457 | €168 | €143 | €147 | €151 | ▲ 2.8% |
| Profit (loss) for the period before taxes9903 | €9,803 | -€7,259 | -€7,815 | -€7,363 | €2,957 | €21,216 | €18,707 | €4,734 | ▼ 74.7% |
| Income taxes67/77 | €2,272 | €121 | €145 | €88 | €120 | €65 | €4,296 | €1,560 | ▼ 63.7% |
| Profit (loss) for the period9904 | €7,531 | -€7,380 | -€7,960 | -€7,451 | €2,837 | €21,151 | €14,411 | €3,174 | ▼ 78.0% |
| Profit (loss) for the period to be appropriated9905 | €7,531 | -€7,380 | -€7,960 | -€7,451 | €2,837 | €21,151 | €14,411 | €3,174 | ▼ 78.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €49,335 | €42,306 | €23,866 | €18,252 | €17,040 | €37,015 | €51,144 | €47,095 | ▼ 7.9% |
| Fixed assets21/28 | €20,828 | €22,597 | €14,402 | €7,977 | €6,228 | €22,417 | €25,364 | €34,984 | ▲ 37.9% |
| Intangible fixed assets21 | - | - | - | - | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €20,828 | €22,597 | €14,402 | €7,977 | €6,228 | €22,417 | €25,364 | €34,984 | ▲ 37.9% |
| Plant, machinery and equipment23 | - | - | - | €7,311 | €4,338 | €2,379 | €9,129 | €6,886 | ▼ 24.6% |
| Furniture and vehicles24 | - | - | - | €666 | €1,890 | €20,038 | €16,235 | €28,098 | ▲ 73.1% |
| Current assets29/58 | €28,507 | €19,709 | €9,464 | €10,275 | €10,812 | €14,598 | €25,780 | €12,111 | ▼ 53.0% |
| Stocks and contracts in progress3 | €831 | €818 | €598 | €943 | €669 | €773 | €855 | €819 | ▼ 4.2% |
| Stocks30/36 | - | - | - | €943 | €669 | €773 | €855 | €819 | ▼ 4.2% |
| Amounts receivable within one year40/41 | €8,349 | €5,093 | €4,925 | €5,553 | €3,030 | €6,776 | €3,233 | €4,059 | ▲ 25.6% |
| Trade receivables40 | - | - | - | €4,785 | €240 | €2,052 | €265 | - | - |
| Other amounts receivable41 | - | - | - | €768 | €2,790 | €4,724 | €2,968 | €4,059 | ▲ 36.8% |
| Cash at bank and in hand54/58 | €17,629 | €11,247 | €2,101 | €1,903 | €4,901 | €5,131 | €19,543 | €3,449 | ▼ 82.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,877 | €2,212 | €1,918 | €2,149 | €3,784 | ▲ 76.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €49,335 | €42,306 | €23,866 | €18,252 | €17,040 | €37,015 | €51,144 | €47,095 | ▼ 7.9% |
| Equity10/15 | €37,720 | €27,549 | €17,838 | €10,388 | €11,225 | €27,376 | €37,287 | €35,461 | ▼ 4.9% |
| Contributions10/11 | €9,296 | €9,296 | - | €9,296 | €9,296 | €9,296 | €9,296 | €9,296 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €26,565 | €16,394 | €6,683 | -€768 | €70 | €16,221 | €26,132 | €24,306 | ▼ 7.0% |
| Amounts payable17/49 | €11,615 | €14,757 | €6,028 | €7,865 | €5,815 | €9,639 | €13,857 | €11,634 | ▼ 16.0% |
| Amounts payable within one year42/48 | €10,115 | €13,257 | €4,528 | €6,365 | €4,315 | €8,139 | €12,063 | €10,014 | ▼ 17.0% |
| Trade debts44 | €6,213 | €6,115 | €2,516 | €6,036 | €2,079 | €1,708 | €3,267 | €3,454 | ▲ 5.7% |
| Suppliers440/4 | - | - | - | €6,036 | €2,079 | €1,708 | €3,267 | €3,454 | ▲ 5.7% |
| Taxes, remuneration and social security45 | - | - | - | €233 | €237 | €2,930 | €5,646 | €3,060 | ▼ 45.8% |
| Taxes450/3 | - | - | - | €233 | €237 | €2,930 | €5,646 | €3,060 | ▼ 45.8% |
| Other amounts payable47/48 | - | - | - | €96 | €2,000 | €3,500 | €3,150 | €3,500 | ▲ 11.1% |
| Accrued charges and deferred income492/3 | - | - | - | €1,500 | €1,500 | €1,500 | €1,794 | €1,620 | ▼ 9.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,531 | -€7,380 | -€7,960 | -€7,451 | €2,837 | €21,151 | €14,411 | €3,174 | ▼ 78.0% |
| + Depreciation and write-downs630 | €6,718 | €8,314 | €8,195 | €7,995 | €3,944 | €5,174 | €6,243 | €9,577 | ▲ 53.4% |
| Operating cash flow (approximation) | €14,248 | €934 | €234 | €544 | €6,782 | €26,325 | €20,654 | €12,751 | ▼ 38.3% |
| Investment in fixed assets (approximation) | - | -€10,083 | €0 | -€1,570 | -€2,195 | -€21,362 | -€9,190 | -€19,197 | ▼ 109% |
| Change in cash | - | -€6,382 | -€9,147 | -€198 | €2,998 | €230 | €14,412 | -€16,094 | - |
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, 31,368 companies had the same profile as JACOBY has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JACOBY itself: 0.2% 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 31,368 companies, not a prediction for JACOBY. 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 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | unclassified schema | 21-05-2026 | 2026-00116308 | |
| 31-12-2024 | unclassified schema | 04-07-2025 | 2025-00229575 | |
| 31-12-2023 | unclassified schema | 06-06-2024 | 2024-00112301 | |
| 31-12-2022 | unclassified schema | 31-05-2023 | 2023-00099634 | |
| 31-12-2021 | unclassified schema | 28-06-2022 | 2022-20098741 | |
| 31-12-2020 | unclassified schema | 12-06-2021 | 2021-20000400 | |
| 31-12-2019 | abbreviated format | 07-10-2020 | 2020-59600230 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-58800136 | |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-56000108 | |
| 31-12-2016 | abbreviated format | 24-08-2017 | 2017-47500405 |