JBELEC
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 22-12-2025 PDF all 2 filings
Every figure per financial year
The operating result for 2025 is 76% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-06-2024 | 30-06-2025 |
|---|---|---|
| Tangible fixed assets | €54,500 | - |
| Depreciation and write-downs of the year | €6,690 | €12,699 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,690 | €12,699 | ▲ 89.8% |
| Other operating charges640/8 | €190 | €655 | ▲ 245% |
| Gross operating margin9900 | €16,132 | €15,620 | ▼ 3.2% |
| Operating profit (loss)9901 | €9,252 | €2,267 | ▼ 75.5% |
| Financial charges65/66B | €6 | €52 | ▲ 786% |
| Recurring financial charges65 | €6 | €52 | ▲ 786% |
| Profit (loss) for the period before taxes9903 | €9,246 | €2,215 | ▼ 76.0% |
| Income taxes67/77 | €2,182 | €520 | ▼ 76.2% |
| Profit (loss) for the period9904 | €7,064 | €1,695 | ▼ 76.0% |
| Profit (loss) for the period to be appropriated9905 | €7,064 | €1,695 | ▼ 76.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €68,962 | €65,543 | ▼ 5.0% |
| Formation expenses20 | €564 | - | - |
| Fixed assets21/28 | €48,383 | €36,248 | ▼ 25.1% |
| Tangible fixed assets22/27 | €48,383 | €36,248 | ▼ 25.1% |
| Furniture and vehicles24 | €48,383 | €36,248 | ▼ 25.1% |
| Current assets29/58 | €20,016 | €29,295 | ▲ 46.4% |
| Amounts receivable within one year40/41 | €6,324 | €677 | ▼ 89.3% |
| Trade receivables40 | €5,604 | €677 | ▼ 87.9% |
| Other amounts receivable41 | €720 | - | - |
| Cash at bank and in hand54/58 | €12,646 | €27,505 | ▲ 118% |
| Deferred charges and accrued income490/1 | €1,046 | €1,113 | ▲ 6.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €68,962 | €65,543 | ▼ 5.0% |
| Equity10/15 | €7,264 | €8,159 | ▲ 12.3% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €6,264 | €7,159 | ▲ 14.3% |
| Amounts payable17/49 | €61,698 | €57,384 | ▼ 7.0% |
| Amounts payable within one year42/48 | €61,698 | €57,384 | ▼ 7.0% |
| Trade debts44 | €4,027 | €1,981 | ▼ 50.8% |
| Suppliers440/4 | €4,027 | €1,981 | ▼ 50.8% |
| Taxes, remuneration and social security45 | €2,232 | €1,548 | ▼ 30.7% |
| Taxes450/3 | €2,232 | €1,548 | ▼ 30.7% |
| Other amounts payable47/48 | €55,440 | €53,855 | ▼ 2.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €7,064 | €1,695 | ▼ 76.0% |
| + Depreciation and write-downs630 | €6,690 | €12,699 | ▲ 89.8% |
| Operating cash flow (approximation) | €13,754 | €14,393 | ▲ 4.6% |
| Investment in fixed assets (approximation) | - | -€564 | - |
| Change in cash | - | €14,859 | - |
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, 2,542 companies had the same profile as JBELEC has now. Two years later, 94.9% were still going and 3.5% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JBELEC itself: 1.2% 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 2,542 companies, not a prediction for JBELEC. 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.