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Jaliem

Active
Private limited companyfounded 2008active for 18 yearsDonksesteenweg 110, 2930 Brasschaat, BelgiumKBO/BCE: BE 0806.334.175

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 15-07-2026 at the NBB all 17 filings

Turnover
≈ €81,000
Estimated: probably between €42,000 and €250,000
Total assets
€156,894▲ 3.4%
2024 · €151,760
Net result
€7,635▼ 55.8%
2024 · €17,266
Working capital
€7,008▲ 137%
2024 · €2,955
Multi-year overview
2018 to 2025, 8 financial years
Operating result
€7,595
▼ 54.0% 2025
20182025
Net result
€7,635
▼ 55.8% 2025
middle half of the sector
20182025
Equity
-€91,910
▲ 7.7% 2025
lowest quarter of the sector
20182025
Total assets
€156,894
▲ 3.4% 2025
lowest quarter of the sector
20182025
Debt
€248,804
▼ 1.0% 2025
20182025
Working capital
€7,008
▲ 137% 2025
lowest quarter of the sector
20182025
Solvency
-58.6%
▲ 7.0pp 2025
lowest quarter of the sector
20182025
Current ratio
1.05
▲ 0.03 2025
lowest quarter of the sector
20182025
Return on assets (ROA)
4.9%
▼ 6.5pp 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-€885-€53,757-€12,217€3,203€20,816▲ 550%€3,783▼ 81.8%€16,516▲ 337%€7,595▼ 54.0%
Net result-€1,047-€57,229-€5,629below the sector's middle half€8,102within the sector's middle half€23,657within the sector's middle half▲ 192%€6,787within the sector's middle half▼ 71.3%€17,266within the sector's middle half▲ 154%€7,635within the sector's middle half▼ 55.8%
Equity-€206,958--€149,729▲ 27.7%-€155,358below the sector's middle half▼ 3.8%-€147,256below the sector's middle half▲ 5.2%-€123,599below the sector's middle half▲ 16.1%-€116,812below the sector's middle half▲ 5.5%-€99,545below the sector's middle half▲ 14.8%-€91,910below the sector's middle half▲ 7.7%
Total assets€46,488-€87,665▲ 88.6%€83,830below the sector's middle half▼ 4.4%€94,525below the sector's middle half▲ 12.8%€126,204below the sector's middle half▲ 33.5%€140,638below the sector's middle half▲ 11.4%€151,760below the sector's middle half▲ 7.9%€156,894below the sector's middle half▲ 3.4%
Debt€253,446-€237,394▼ 6.3%€239,187▲ 0.8%€241,781▲ 1.1%€249,803▲ 3.3%€257,449▲ 3.1%€251,306▼ 2.4%€248,804▼ 1.0%
Working capital-€105,761--€47,229▲ 55.3%-€52,858below the sector's middle half▼ 11.9%-€44,756below the sector's middle half▲ 15.3%-€21,099below the sector's middle half▲ 52.9%-€14,312below the sector's middle half▲ 32.2%€2,955below the sector's middle half€7,008below the sector's middle half▲ 137%
Solvency-445.2%--170.8%▲ 274.4pp-185.3%below the sector's middle half▼ 14.5pp-155.8%below the sector's middle half▲ 29.5pp-97.9%below the sector's middle half▲ 57.8pp-83.1%below the sector's middle half▲ 14.9pp-65.6%below the sector's middle half▲ 17.5pp-58.6%below the sector's middle half▲ 7.0pp
Current ratio0.30-0.65▲ 0.350.61below the sector's middle half▼ 0.040.68below the sector's middle half▲ 0.070.86below the sector's middle half▲ 0.180.91below the sector's middle half▲ 0.051.02below the sector's middle half▲ 0.111.05below the sector's middle half▲ 0.03
Return on assets (ROA)-2.3%-65.3%▲ 67.5pp-6.7%below the sector's middle half▼ 72.0pp8.6%within the sector's middle half▲ 15.3pp18.7%above the sector's middle half▲ 10.2pp4.8%within the sector's middle half▼ 13.9pp11.4%above the sector's middle half▲ 6.6pp4.9%within the sector's middle half▼ 6.5pp
above within below The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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 54% lower than in 2024.

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €156,894
Fixed assets €3,582
Current assets €153,312
Equity and liabilities
Equity-€91,910
Debt€248,804
Equity is negative. Debt (€248,804) exceeds the balance-sheet total (€156,894).
Key figures and ratios
2025 value · change against 2024
EBITDA
€7,802
Cash flow
€7,842
Interest coverage
3.13
Debt ≤ 1 year
€146,304▼
2024 · €148,806
Debt > 1 year
€102,500=
2024 · €102,500
Income taxes
€4,574▼
2024 · €6,545
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets----€3,789
Depreciation and write-downs of the year----€207

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€151,760€156,894▲
Fixed assets21/28-€3,582
Tangible fixed assets22/27-€3,582
Furniture and vehicles24-€3,582
Current assets29/58€151,760€153,312▲
Amounts receivable within one year40/41€148,616€152,921▲
Trade receivables40€19,465€19,905▲
Other amounts receivable41€129,151€133,016▲
Cash at bank and in hand54/58€3,145€391▼
Equity and liabilities
Total equity and liabilities10/49€151,760€156,894▲
Equity10/15-€99,545-€91,910▲
Contributions10/11€6,435€6,435=
Profit (loss) carried forward14-€105,980-€98,345▲
Amounts payable17/49€251,306€248,804▼
Amounts payable after more than one year17€102,500€102,500=
Trade debts175€102,500€102,500=
Amounts payable within one year42/48€148,806€146,304▼
Trade debts44€12,230€800▼
Suppliers440/4€12,230€800▼
Taxes, remuneration and social security45€8,259€11,775▲
Taxes450/3€8,259€11,775▲
Other amounts payable47/48€128,317€133,729▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€207
Other operating charges640/8€324€507▲
Gross operating margin9900€16,840€8,310▼
Operating profit (loss)9901€16,516€7,595▼
Financial income75/76B€7,507€7,104▼
Recurring financial income75€7,507€7,104▼
Financial charges65/66B€212€2,490▲
Recurring financial charges65€212€2,490▲
Profit (loss) for the period before taxes9903€23,811€12,209▼
Income taxes67/77€6,545€4,574▼
Profit (loss) for the period9904€17,266€7,635▼
Profit (loss) for the period to be appropriated9905€17,266€7,635▼
Appropriation of the result
Profit (loss) to be appropriated9906-€105,980-€98,345▲
Profit (loss) brought forward from the previous period14P-€123,247-€105,980▲

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 15-07-2026.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€683------€207-
Other operating charges640/8---€796€102€159€324€507▲ 56.6%
Gross operating margin9900€241€56,433-€11,728€3,999€20,918€3,942€16,840€8,310▼ 50.7%
Operating profit (loss)9901-€885€53,757-€12,217€3,203€20,816€3,783€16,516€7,595▼ 54.0%
Financial income75/76B---€5,471€6,821€5,951€7,507€7,104▼ 5.4%
Recurring financial income75€2,881€3,842€6,639€5,471€6,821€5,951€7,507€7,104▼ 5.4%
Financial charges65/66B---€572€181€299€212€2,490▲ 12×
Recurring financial charges65€3,043€370€51€572€181€299€212€2,490▲ 12×
Profit (loss) for the period before taxes9903-€1,047€57,229-€5,629€8,102€27,455€9,435€23,811€12,209▼ 48.7%
Income taxes67/77----€3,798€2,648€6,545€4,574▼ 30.1%
Profit (loss) for the period9904-€1,047€57,229-€5,629€8,102€23,657€6,787€17,266€7,635▼ 55.8%
Profit (loss) for the period to be appropriated9905-€1,047€57,229-€5,629€8,102€23,657€6,787€17,266€7,635▼ 55.8%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€46,488€87,665€83,830€94,525€126,204€140,638€151,760€156,894▲ 3.4%
Fixed assets21/28€1,303------€3,582-
Tangible fixed assets22/27€1,303------€3,582-
Furniture and vehicles24-------€3,582-
Current assets29/58€45,185€87,665€83,830€94,525€126,204€140,638€151,760€153,312▲ 1.0%
Stocks and contracts in progress3-----€3,517---
Stocks30/36-----€3,517---
Amounts receivable within one year40/41€45,185€87,267€83,830€91,797€124,578€136,560€148,616€152,921▲ 2.9%
Trade receivables40---€607€17,893€17,969€19,465€19,905▲ 2.3%
Other amounts receivable41---€91,189€106,685€118,592€129,151€133,016▲ 3.0%
Cash at bank and in hand54/58€0€398-€2,728€1,626€560€3,145€391▼ 87.6%
Equity and liabilities
Total equity and liabilities10/49€46,488€87,665€83,830€94,525€126,204€140,638€151,760€156,894▲ 3.4%
Equity10/15-€206,958-€149,729-€155,358-€147,256-€123,599-€116,812-€99,545-€91,910▲ 7.7%
Contributions10/11€6,435€6,435-€6,435€6,435€6,435€6,435€6,435=
Profit (loss) carried forward14-€213,393-€156,164-€161,793-€153,691-€130,034-€123,247-€105,980-€98,345▲ 7.2%
Amounts payable17/49€253,446€237,394€239,187€241,781€249,803€257,449€251,306€248,804▼ 1.0%
Amounts payable after more than one year17€102,500€102,500€102,500€102,500€102,500€102,500€102,500€102,500=
Trade debts175---€102,500€102,500€102,500€102,500€102,500=
Amounts payable within one year42/48€150,946€134,894€136,687€139,281€147,303€154,949€148,806€146,304▼ 1.7%
Trade debts44€31,692€29,681€30,616€33,392€37,837€42,461€12,230€800▼ 93.5%
Suppliers440/4---€33,392€37,837€42,461€12,230€800▼ 93.5%
Taxes, remuneration and social security45---€738€4,315€7,338€8,259€11,775▲ 42.6%
Taxes450/3---€738€4,315€7,338€8,259€11,775▲ 42.6%
Other amounts payable47/48---€105,151€105,151€105,151€128,317€133,729▲ 4.2%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€1,047€57,229-€5,629€8,102€23,657€6,787€17,266€7,635▼ 55.8%
+ Depreciation and write-downs630€683------€207-
Operating cash flow (approximation)-€364€57,229-€5,629€8,102€23,657€6,787€17,266€7,842▼ 54.6%
Change in cash-€398---€1,102-€1,066€2,584-€2,753-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 1,379 companies had the same profile as Jaliem has now. Two years later, 94.3% were still going and 2.4% had gone bankrupt.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a profit under 5% of the balance sheet
94.3% was still going
3.2% stopped otherwise
2.4% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Jaliem itself: 1.0% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,379 companies, not a prediction for Jaliem. 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 17 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 15-07-2026 2026-00295716 PDF
31-12-2024 abbreviated format 02-07-2025 2025-00216238 PDF
31-12-2023 abbreviated format 28-06-2024 2024-00183518 PDF
31-12-2022 abbreviated format 19-07-2023 2023-00255015 PDF
31-12-2021 abbreviated format 30-06-2022 2022-20153320 PDF
31-12-2020 abbreviated format 27-08-2021 2021-55400387 PDF
31-12-2019 abbreviated format 29-07-2020 2020-35700333 PDF
31-12-2018 abbreviated format 29-08-2019 2019-57000265 PDF
31-12-2017 abbreviated format 24-08-2018 2018-50000547 PDF
31-12-2016 abbreviated format 28-08-2017 2017-51000017 PDF

Show all 17 filings

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