Jaruma
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 17-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 65% 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.
Staff
| Item | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | - | - |
| full-time | 1 | - | - |
| in full-time equivalents | 1 | - | - |
| Average over the year, in full-time equivalents | 0.2 | 0.5 | 0.6 |
| Joined | 1 | 1 | 1 |
| Left | 0 | 2 | 1 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €34,291 | €9,103 | - |
| Financial fixed assets | €3,750 | - | - |
| Depreciation and write-downs of the year | €1,322 | €4,529 | €4,990 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €2,769 | €7,738 | €8,988 | ▲ 16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,322 | €4,529 | €4,990 | ▲ 10.2% |
| Other operating charges640/8 | €806 | €1,921 | €1,550 | ▼ 19.3% |
| Gross operating margin9900 | -€6,479 | €35,529 | €22,894 | ▼ 35.6% |
| Operating profit (loss)9901 | -€11,376 | €21,340 | €7,366 | ▼ 65.5% |
| Financial charges65/66B | €235 | €446 | €628 | ▲ 40.8% |
| Recurring financial charges65 | €235 | €446 | €628 | ▲ 40.8% |
| Profit (loss) for the period before taxes9903 | -€11,611 | €20,895 | €6,738 | ▼ 67.8% |
| Income taxes67/77 | - | €2,038 | €1,935 | ▼ 5.1% |
| Profit (loss) for the period9904 | -€11,611 | €18,856 | €4,804 | ▼ 74.5% |
| Profit (loss) for the period to be appropriated9905 | -€11,611 | €18,856 | €4,804 | ▼ 74.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €51,574 | €74,311 | €76,451 | ▲ 2.9% |
| Fixed assets21/28 | €36,719 | €41,293 | €36,303 | ▼ 12.1% |
| Tangible fixed assets22/27 | €32,969 | €37,543 | €32,553 | ▼ 13.3% |
| Plant, machinery and equipment23 | €7,901 | €6,844 | €5,787 | ▼ 15.4% |
| Furniture and vehicles24 | - | €1,490 | €1,152 | ▼ 22.7% |
| Other tangible fixed assets26 | €25,068 | €29,209 | €25,614 | ▼ 12.3% |
| Financial fixed assets28 | €3,750 | €3,750 | €3,750 | = |
| Current assets29/58 | €14,855 | €33,018 | €40,148 | ▲ 21.6% |
| Stocks and contracts in progress3 | €2,936 | €3,985 | €4,938 | ▲ 23.9% |
| Stocks30/36 | €2,936 | €3,985 | €4,938 | ▲ 23.9% |
| Amounts receivable within one year40/41 | €2,346 | €1,345 | €4,597 | ▲ 242% |
| Trade receivables40 | €1,045 | - | €2,834 | - |
| Other amounts receivable41 | €1,301 | €1,345 | €1,762 | ▲ 31.0% |
| Cash at bank and in hand54/58 | €7,886 | €25,706 | €28,474 | ▲ 10.8% |
| Deferred charges and accrued income490/1 | €1,687 | €1,982 | €2,140 | ▲ 8.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €51,574 | €74,311 | €76,451 | ▲ 2.9% |
| Equity10/15 | €18,389 | €37,245 | €42,049 | ▲ 12.9% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | - | €7,245 | €12,049 | ▲ 66.3% |
| Distributable reserves133 | - | €7,245 | €12,049 | ▲ 66.3% |
| Profit (loss) carried forward14 | -€11,611 | €0 | €0 | = |
| Amounts payable17/49 | €33,186 | €37,066 | €34,402 | ▼ 7.2% |
| Amounts payable within one year42/48 | €33,186 | €37,066 | €34,402 | ▼ 7.2% |
| Trade debts44 | €1,868 | €4,195 | €4,148 | ▼ 1.1% |
| Suppliers440/4 | €1,868 | €4,195 | €4,148 | ▼ 1.1% |
| Taxes, remuneration and social security45 | €2,681 | €4,329 | €3,622 | ▼ 16.3% |
| Taxes450/3 | €2,681 | €4,329 | €3,622 | ▼ 16.3% |
| Other amounts payable47/48 | €28,637 | €28,542 | €26,632 | ▼ 6.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,611 | €18,856 | €4,804 | ▼ 74.5% |
| + Depreciation and write-downs630 | €1,322 | €4,529 | €4,990 | ▲ 10.2% |
| Operating cash flow (approximation) | -€10,289 | €23,385 | €9,794 | ▼ 58.1% |
| Investment in fixed assets (approximation) | - | -€9,103 | €0 | - |
| Change in cash | - | €17,820 | €2,768 | ▼ 84.5% |
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, 39,278 companies had the same profile as Jaruma has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Jaruma 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 39,278 companies, not a prediction for Jaruma. 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.