Skip to content

JAMESSON OPERATIONS

Active
Private limited companyfounded 1997active for 29 yearsGemeentelijke Godshuisstraat 34, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0460.956.272

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 16-07-2026 at the NBB all 29 filings

Turnover
≈ €190,000
Estimated: probably between €70,000 and €410,000
Total assets
€140,574▲ 7.1%
2024 · €131,280
Net result
€13,026▼ 44.7%
2024 · €23,548
Working capital
€109,178▼ 5.2%
2024 · €115,195
Multi-year overview
2018 to 2025, 8 financial years
Operating result
€17,769
▼ 47.6% 2025
20182025
Net result
€13,026
▼ 44.7% 2025
middle half of the sector
20182025
Equity
€119,353
▼ 1.2% 2025
middle half of the sector
20182025
Total assets
€140,574
▲ 7.1% 2025
middle half of the sector
20182025
Debt
€21,221
▲ 103% 2025
20182025
Working capital
€109,178
▼ 5.2% 2025
highest quarter of the sector
20182025
Solvency
84.9%
▼ 7.1pp 2025
highest quarter of the sector
20182025
Current ratio
6.14
▼ 5.88 2025
highest quarter of the sector
20182025
Return on assets (ROA)
9.3%
▼ 8.7pp 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€38,006-€12,393▼ 67.4%-€4,350€4,799€14,695▲ 206%€34,900▲ 137%€33,929▼ 2.8%€17,769▼ 47.6%
Net result€23,023-€7,984▼ 65.3%-€4,130below the sector's middle half€4,010within the sector's middle half€10,490within the sector's middle half▲ 162%€23,943above the sector's middle half▲ 128%€23,548above the sector's middle half▼ 1.6%€13,026within the sector's middle half▼ 44.7%
Equity€54,982-€62,967▲ 14.5%€58,836within the sector's middle half▼ 6.6%€62,847within the sector's middle half▲ 6.8%€73,337within the sector's middle half▲ 16.7%€97,279within the sector's middle half▲ 32.6%€120,828within the sector's middle half▲ 24.2%€119,353within the sector's middle half▼ 1.2%
Total assets€58,219-€64,222▲ 10.3%€59,792below the sector's middle half▼ 6.9%€65,991within the sector's middle half▲ 10.4%€80,213within the sector's middle half▲ 21.6%€105,074within the sector's middle half▲ 31.0%€131,280within the sector's middle half▲ 24.9%€140,574within the sector's middle half▲ 7.1%
Debt€3,237-€1,255▼ 61.2%€956▼ 23.8%€3,144▲ 229%€6,876▲ 119%€7,795▲ 13.4%€10,453▲ 34.1%€21,221▲ 103%
Working capital€45,270-€56,492▲ 24.8%€55,599within the sector's middle half▼ 1.6%€62,847within the sector's middle half▲ 13.0%€63,772within the sector's middle half▲ 1.5%€89,684above the sector's middle half▲ 40.6%€115,195above the sector's middle half▲ 28.4%€109,178above the sector's middle half▼ 5.2%
Solvency94.4%-98.0%▲ 3.6pp98.4%above the sector's middle half▲ 0.4pp95.2%above the sector's middle half▼ 3.2pp91.4%above the sector's middle half▼ 3.8pp92.6%above the sector's middle half▲ 1.2pp92.0%above the sector's middle half▼ 0.5pp84.9%above the sector's middle half▼ 7.1pp
Current ratio14.99-46.02▲ 31.0359.18above the sector's middle half▲ 13.1620.99above the sector's middle half▼ 38.1910.27above the sector's middle half▼ 10.7112.51above the sector's middle half▲ 2.2312.02above the sector's middle half▼ 0.496.14above the sector's middle half▼ 5.88
Return on assets (ROA)39.5%-12.4%▼ 27.1pp-6.9%below the sector's middle half▼ 19.3pp6.1%within the sector's middle half▲ 13.0pp13.1%above the sector's middle half▲ 7.0pp22.8%above the sector's middle half▲ 9.7pp17.9%above the sector's middle half▼ 4.8pp9.3%within the sector's middle half▼ 8.7pp
above within below The sector band is the middle half of the companies in Retail trade (NACE 47). 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 48% lower than in 2024. It is the second fall 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 €140,574
Fixed assets €10,175 ▲ 80.7%
Current assets €130,399 ▲ 3.8%
Equity and liabilities €140,574
Equity €119,353 ▼ 1.2%
Debt €21,221 ▲ 103%
Debt's share of the balance-sheet total rises from 8.0% to 15.1%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€18,311▼
2024 · €35,893
Cash flow
€13,567▼
2024 · €25,512
Debt to equity
0.18▲
2024 · 0.09
ROE
10.9%▼
2024 · 19.5%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€21,221▲
2024 · €10,453
Income taxes
€6,424▼
2024 · €11,542
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-€9,845--€10,716
Depreciation and write-downs of the year€3,238€281€1,969€1,964€541

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 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€131,280€140,574▲
Fixed assets21/28€5,632€10,175▲
Tangible fixed assets22/27€5,632€10,175▲
Furniture and vehicles24€5,632€8,674▲
Other tangible fixed assets26-€1,501
Current assets29/58€125,648€130,399▲
Amounts receivable after more than one year29-€40,798
Trade receivables290-€40,798
Amounts receivable within one year40/41€47,757€34,375▼
Trade receivables40€32,960€16,533▼
Other amounts receivable41€14,797€17,842▲
Cash at bank and in hand54/58€77,620€54,774▼
Deferred charges and accrued income490/1€271€452▲
Equity and liabilities
Total equity and liabilities10/49€131,280€140,574▲
Equity10/15€120,828€119,353▼
Contributions10/11€18,592€18,592=
Reserves13€102,236€100,761▼
Distributable reserves133€102,236€100,761▼
Amounts payable17/49€10,453€21,221▲
Amounts payable within one year42/48€10,453€21,221▲
Trade debts44€7,058€5,418▼
Suppliers440/4€7,058€5,418▼
Taxes, remuneration and social security45€3,395€2,245▼
Taxes450/3€3,395€2,245▼
Other amounts payable47/48-€13,558
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,964€541▼
Other operating charges640/8€2,002-
Non-recurring operating charges66A-€108
Gross operating margin9900€37,895€18,418▼
Operating profit (loss)9901€33,929€17,769▼
Financial income75/76B€1,235€2,007▲
Recurring financial income75€479€2,007▲
Non-recurring financial income76B€756-
Financial charges65/66B€74€327▲
Recurring financial charges65€74€121▲
Non-recurring financial charges66B-€206
Profit (loss) for the period before taxes9903€35,091€19,450▼
Income taxes67/77€11,542€6,424▼
Profit (loss) for the period9904€23,548€13,026▼
Profit (loss) for the period to be appropriated9905€23,548€13,026▼
Appropriation of the result
Profit (loss) to be appropriated9906€23,548€13,026▼
Transfer from equity791/2-€14,500
Transfer to equity691/2€23,548€13,026▼
To other reserves6921€23,548€13,026▼
Profit to be distributed694/7-€14,500
Return on contributions (dividend)694-€14,500

The notes to these accounts have 8 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 16-07-2026.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,491€3,238€3,238€3,238€281€1,969€1,964€541▼ 72.4%
Other operating charges640/8------€2,002--
Non-recurring operating charges66A-------€108-
Gross operating margin9900€41,640€15,689-€1,053€8,037€14,976€36,869€37,895€18,418▼ 51.4%
Operating profit (loss)9901€38,006€12,393-€4,350€4,799€14,695€34,900€33,929€17,769▼ 47.6%
Financial income75/76B---€377€563€408€1,235€2,007▲ 62.5%
Recurring financial income75€1€6€280€377€563€408€479€2,007▲ 319%
Non-recurring financial income76B------€756--
Financial charges65/66B---€170€277€65€74€327▲ 342%
Recurring financial charges65€4,540€246€60€62€259€65€74€121▲ 63.6%
Non-recurring financial charges66B---€108€18--€206-
Profit (loss) for the period before taxes9903€33,468€12,153-€4,130€5,007€14,981€35,242€35,091€19,450▼ 44.6%
Income taxes67/77€10,444€4,168-€996€4,491€11,300€11,542€6,424▼ 44.3%
Profit (loss) for the period9904€23,023€7,984-€4,130€4,010€10,490€23,943€23,548€13,026▼ 44.7%
Profit (loss) for the period to be appropriated9905€23,023€7,984-€4,130€4,010€10,490€23,943€23,548€13,026▼ 44.7%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€58,219€64,222€59,792€65,991€80,213€105,074€131,280€140,574▲ 7.1%
Fixed assets21/28€9,713€6,475€3,238-€9,565€7,596€5,632€10,175▲ 80.7%
Tangible fixed assets22/27€9,713€6,475€3,238€0€9,565€7,596€5,632€10,175▲ 80.7%
Furniture and vehicles24----€9,565€7,596€5,632€8,674▲ 54.0%
Other tangible fixed assets26-------€1,501-
Current assets29/58€48,507€57,747€56,555€65,991€70,648€97,478€125,648€130,399▲ 3.8%
Amounts receivable after more than one year29-------€40,798-
Trade receivables290-------€40,798-
Amounts receivable within one year40/41€10,742€16,307€13,868€14,953€17,455€27,366€47,757€34,375▼ 28.0%
Trade receivables40---€5,151€4,904€14,746€32,960€16,533▼ 49.8%
Other amounts receivable41---€9,802€12,550€12,620€14,797€17,842▲ 20.6%
Cash at bank and in hand54/58€37,765€41,440€42,686€50,716€52,888€69,913€77,620€54,774▼ 29.4%
Deferred charges and accrued income490/1---€322€305€199€271€452▲ 66.6%
Equity and liabilities
Total equity and liabilities10/49€58,219€64,222€59,792€65,991€80,213€105,074€131,280€140,574▲ 7.1%
Equity10/15€54,982€62,967€58,836€62,847€73,337€97,279€120,828€119,353▼ 1.2%
Contributions10/11€18,592€18,592-€18,592€18,592€18,592€18,592€18,592=
Reserves13€1,859€1,859€1,859€1,859€54,745€78,687€102,236€100,761▼ 1.4%
Non-distributable reserves130/1---€1,859€1,859----
Reserves not available under the articles1311---€1,859€1,859----
Distributable reserves133----€52,886€78,687€102,236€100,761▼ 1.4%
Profit (loss) carried forward14€34,531€42,516€38,385€42,395-----
Amounts payable17/49€3,237€1,255€956€3,144€6,876€7,795€10,453€21,221▲ 103%
Amounts payable within one year42/48€3,237€1,255€956€3,144€6,876€7,795€10,453€21,221▲ 103%
Trade debts44€387€1,255€401€1,567€2,200€5,366€7,058€5,418▼ 23.2%
Suppliers440/4---€1,567€2,200€5,366€7,058€5,418▼ 23.2%
Taxes, remuneration and social security45---€1,577€4,676€2,428€3,395€2,245▼ 33.9%
Taxes450/3---€1,577€4,676€2,428€3,395€2,245▼ 33.9%
Other amounts payable47/48-------€13,558-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€23,023€7,984-€4,130€4,010€10,490€23,943€23,548€13,026▼ 44.7%
+ Depreciation and write-downs630€3,491€3,238€3,238€3,238€281€1,969€1,964€541▼ 72.4%
Operating cash flow (approximation)€26,514€11,222-€893€7,248€10,771€25,912€25,512€13,567▼ 46.8%
Investment in fixed assets (approximation)-€0€0--€0€0-€5,084-
Change in cash-€3,675€1,247€8,030€2,172€17,025€7,706-€22,845-

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

Download as CSV

Historical observation

In July 2024, 31,368 companies had the same profile as JAMESSON OPERATIONS 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 JAMESSON OPERATIONS 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.

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 31,368 companies, not a prediction for JAMESSON OPERATIONS. 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 29 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 16-07-2026 2026-00300324 PDF
31-12-2024 micro format 27-08-2025 2025-00414827 PDF
31-12-2023 micro format 30-08-2024 2024-00421049 PDF
31-12-2022 micro format 31-07-2023 2023-00303305 PDF
31-12-2021 micro format 31-08-2022 2022-20404369 PDF
31-12-2020 micro format 25-06-2021 2021-24800132 PDF
31-12-2019 micro format 19-06-2020 2020-18400238 PDF
31-12-2018 micro format 26-06-2019 2019-23800344 PDF
31-12-2017 micro format 21-06-2018 2018-23500063 PDF
31-12-2016 micro format 12-07-2017 2017-30200250 PDF

Show all 29 filings

Next steps