JD PRO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 8 filings
Turnover
≈ €120,000
Estimated: probably between €69,000 and €230,000
Total assets
€112,722▲ 11.9%
2024 · €100,731
Net result
€4,163▲ 79.0%
2024 · €2,326
Working capital
€4,062▼ 57.4%
2024 · €9,534
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€4,889
▲ 58.1%
2025
20182025
Net result
€4,163
▲ 79.0%
2025
middle half of the sector
20182025
Equity
€36,508
▲ 12.9%
2025
middle half of the sector
20182025
Total assets
€112,722
▲ 11.9%
2025
middle half of the sector
20182025
Debt
€76,214
▲ 11.4%
2025
20182025
Working capital
€4,062
▼ 57.4%
2025
middle half of the sector
20182025
Solvency
32.4%
▲ 0.3pp
2025
middle half of the sector
20182025
Current ratio
1.05
▼ 0.10
2025
middle half of the sector
20182025
Return on assets (ROA)
3.7%
▲ 1.4pp
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-€4,030-€4,343-€12,376€15,011€7,878▼ 47.5%€3,570▼ 54.7%€3,094▼ 13.4%€4,889▲ 58.1%
Net result-€7,249-€2,265-€14,149below the sector's middle half€13,616within the sector's middle half€7,049within the sector's middle half▼ 48.2%€3,488within the sector's middle half▼ 50.5%€2,326within the sector's middle half▼ 33.3%€4,163within the sector's middle half▲ 79.0%
Equity€17,751-€20,016▲ 12.8%€5,867below the sector's middle half▼ 70.7%€19,483within the sector's middle half▲ 232%€26,532within the sector's middle half▲ 36.2%€30,019within the sector's middle half▲ 13.1%€32,345within the sector's middle half▲ 7.7%€36,508within the sector's middle half▲ 12.9%
Total assets€104,565-€100,157▼ 4.2%€74,255within the sector's middle half▼ 25.9%€79,510within the sector's middle half▲ 7.1%€93,621within the sector's middle half▲ 17.7%€85,412within the sector's middle half▼ 8.8%€100,731within the sector's middle half▲ 17.9%€112,722within the sector's middle half▲ 11.9%
Debt€86,814-€80,141▼ 7.7%€68,388▼ 14.7%€60,027▼ 12.2%€67,089▲ 11.8%€55,392▼ 17.4%€68,386▲ 23.5%€76,214▲ 11.4%
Working capital-€1,337--€7,213▼ 439%-€7,338within the sector's middle half▼ 1.7%€9,962within the sector's middle half-€2,011within the sector's middle half€16,045within the sector's middle half€9,534within the sector's middle half▼ 40.6%€4,062within the sector's middle half▼ 57.4%
Solvency17.0%-20.0%▲ 3.0pp7.9%below the sector's middle half▼ 12.1pp24.5%within the sector's middle half▲ 16.6pp28.3%within the sector's middle half▲ 3.8pp35.1%within the sector's middle half▲ 6.8pp32.1%within the sector's middle half▼ 3.0pp32.4%within the sector's middle half▲ 0.3pp
Current ratio0.95-0.81▼ 0.140.80within the sector's middle half▼ 0.011.21within the sector's middle half▲ 0.410.97within the sector's middle half▼ 0.241.30within the sector's middle half▲ 0.331.16within the sector's middle half▼ 0.141.05within the sector's middle half▼ 0.10
Return on assets (ROA)-6.9%-2.3%▲ 9.2pp-19.1%below the sector's middle half▼ 21.3pp17.1%within the sector's middle half▲ 36.2pp7.5%within the sector's middle half▼ 9.6pp4.1%within the sector's middle half▼ 3.4pp2.3%within the sector's middle half▼ 1.8pp3.7%within the sector's middle half▲ 1.4pp
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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 58% higher than in 2024. It is a recovery after the fall 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €112,722
Fixed assets
€34,211 ▲ 15.1%
Current assets
€78,511 ▲ 10.6%
Equity and liabilities €112,722
Equity
€36,508 ▲ 12.9%
Debt
€76,214 ▲ 11.4%
Debt's share of the balance-sheet total falls from 67.9% to 67.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19,693▲
2024 · €13,711
Cash flow
€18,967▲
2024 · €12,944
Debt to equity
2.09▼
2024 · 2.11
ROE
11.4%▲
2024 · 7.2%
Interest coverage
35.69▲
2024 · 17.86
Debt ≤ 1 year
€74,449▲
2024 · €61,477
Debt > 1 year
€1,765▼
2024 · €6,909
Income taxes
€176
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 | €640 | €22,599 | €1,770 | €24,993 | €19,294 |
| Financial fixed assets | €135 | - | - | - | - |
| Depreciation and write-downs of the year | €23,027 | €16,148 | €14,968 | €10,618 | €14,804 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €675 awarded · €675 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €150 | €300 |
| 2023 | 1 | €270 | €120 |
| 2022 | 1 | €255 | €255 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,464 | €24,627 | €24,626 | €23,027 | €16,148 | €14,968 | €10,618 | €14,804 | ▲ 39.4% |
| Other operating charges640/8 | - | - | - | €1,223 | €10,365 | €1,782 | €1,822 | €2,315 | ▲ 27.0% |
| Gross operating margin9900 | €15,376 | €30,666 | €13,412 | €39,261 | €34,390 | €20,321 | €15,534 | €22,008 | ▲ 41.7% |
| Operating profit (loss)9901 | -€4,030 | €4,343 | -€12,376 | €15,011 | €7,878 | €3,570 | €3,094 | €4,889 | ▲ 58.1% |
| Financial income75/76B | - | - | - | €39 | €2 | €214 | - | €1 | - |
| Recurring financial income75 | €222 | €59 | €4 | €39 | €2 | €214 | - | €1 | - |
| Financial charges65/66B | - | - | - | €1,435 | €831 | €297 | €768 | €552 | ▼ 28.1% |
| Recurring financial charges65 | €3,441 | €2,137 | €1,777 | €1,435 | €831 | €297 | €768 | €552 | ▼ 28.1% |
| Profit (loss) for the period before taxes9903 | -€7,249 | €2,265 | -€14,149 | €13,616 | €7,049 | €3,488 | €2,326 | €4,339 | ▲ 86.6% |
| Income taxes67/77 | - | - | - | - | - | - | - | €176 | - |
| Profit (loss) for the period9904 | -€7,249 | €2,265 | -€14,149 | €13,616 | €7,049 | €3,488 | €2,326 | €4,163 | ▲ 79.0% |
| Profit (loss) for the period to be appropriated9905 | -€7,249 | €2,265 | -€14,149 | €13,616 | €7,049 | €3,488 | €2,326 | €4,163 | ▲ 79.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €104,565 | €100,157 | €74,255 | €79,510 | €93,621 | €85,412 | €100,731 | €112,722 | ▲ 11.9% |
| Fixed assets21/28 | €79,121 | €69,105 | €44,478 | €22,091 | €28,543 | €15,345 | €29,720 | €34,211 | ▲ 15.1% |
| Tangible fixed assets22/27 | €78,986 | €68,970 | €44,343 | €21,956 | €28,408 | €15,210 | €29,585 | €34,076 | ▲ 15.2% |
| Plant, machinery and equipment23 | - | - | - | €21,956 | €16,146 | €7,598 | €26,624 | €34,076 | ▲ 28.0% |
| Furniture and vehicles24 | - | - | - | - | €12,262 | €7,612 | €2,962 | - | - |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €25,444 | €31,052 | €29,777 | €57,419 | €65,078 | €70,066 | €71,011 | €78,511 | ▲ 10.6% |
| Amounts receivable within one year40/41 | €19,021 | €25,999 | €20,893 | €40,313 | €41,952 | €48,710 | €50,443 | €74,382 | ▲ 47.5% |
| Trade receivables40 | - | - | - | €39,774 | €41,952 | €48,710 | €50,443 | €74,382 | ▲ 47.5% |
| Other amounts receivable41 | - | - | - | €539 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €5,135 | €3,694 | €7,870 | €15,616 | €22,778 | €21,357 | €20,383 | €3,887 | ▼ 80.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,490 | €348 | - | €184 | €242 | ▲ 31.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €104,565 | €100,157 | €74,255 | €79,510 | €93,621 | €85,412 | €100,731 | €112,722 | ▲ 11.9% |
| Equity10/15 | €17,751 | €20,016 | €5,867 | €19,483 | €26,532 | €30,019 | €32,345 | €36,508 | ▲ 12.9% |
| Contributions10/11 | €25,000 | €25,000 | - | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Contributions outside capital11 | - | - | - | €25,000 | - | - | - | - | - |
| Share premium1100/10 | - | - | - | €25,000 | - | - | - | - | - |
| Reserves13 | - | - | - | - | - | €5,000 | €7,300 | €11,300 | ▲ 54.8% |
| Distributable reserves133 | - | - | - | - | - | €5,000 | €7,300 | €11,300 | ▲ 54.8% |
| Profit (loss) carried forward14 | -€7,249 | -€4,984 | -€19,133 | -€5,517 | €1,532 | €19 | €45 | €208 | ▲ 360% |
| Amounts payable17/49 | €86,814 | €80,141 | €68,388 | €60,027 | €67,089 | €55,392 | €68,386 | €76,214 | ▲ 11.4% |
| Amounts payable after more than one year17 | €59,783 | €41,876 | €31,273 | €12,570 | - | - | €6,909 | €1,765 | ▼ 74.5% |
| Financial debts170/4 | - | - | - | €12,570 | - | - | €6,909 | €1,765 | ▼ 74.5% |
| Amounts payable within one year42/48 | €26,781 | €38,265 | €37,115 | €47,457 | €67,089 | €54,021 | €61,477 | €74,449 | ▲ 21.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €18,702 | €12,570 | - | €4,523 | €4,724 | ▲ 4.4% |
| Trade debts44 | €5,214 | €16,737 | €17,555 | €21,268 | €41,616 | €49,681 | €50,980 | €17,183 | ▼ 66.3% |
| Suppliers440/4 | - | - | - | €21,268 | €41,616 | €49,681 | €50,980 | €17,183 | ▼ 66.3% |
| Taxes, remuneration and social security45 | - | - | - | €2,773 | €1,874 | €1,027 | €2,391 | €4,526 | ▲ 89.3% |
| Taxes450/3 | - | - | - | €2,773 | €1,874 | €1,027 | €2,391 | €4,526 | ▲ 89.3% |
| Other amounts payable47/48 | - | - | - | €4,714 | €11,029 | €3,313 | €3,584 | €48,016 | ▲ 13× |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €1,371 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,249 | €2,265 | -€14,149 | €13,616 | €7,049 | €3,488 | €2,326 | €4,163 | ▲ 79.0% |
| + Depreciation and write-downs630 | €16,464 | €24,627 | €24,626 | €23,027 | €16,148 | €14,968 | €10,618 | €14,804 | ▲ 39.4% |
| Operating cash flow (approximation) | €9,215 | €26,892 | €10,477 | €36,643 | €23,196 | €18,456 | €12,944 | €18,967 | ▲ 46.5% |
| Investment in fixed assets (approximation) | - | -€14,611 | €1 | -€640 | -€22,599 | -€1,770 | -€24,993 | -€19,294 | ▲ 22.8% |
| Change in cash | - | -€1,441 | €4,176 | €7,746 | €7,162 | -€1,421 | -€974 | -€16,497 | ▼ 1,595% |
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, 5,047 companies had the same profile as JD PRO has now. Two years later, 93.9% were still going and 2.2% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
93.9%
was still going
3.8%
stopped otherwise
2.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of JD PRO itself is lower: 0.2% within 12 months. It rests on far more data about JD PRO than the profile alone.
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 5,047 companies, not a prediction for JD PRO. 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00210151 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00200607 | |
| 31-12-2023 | micro format | 25-06-2024 | 2024-00157063 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00171840 | |
| 31-12-2021 | micro format | 29-06-2022 | 2022-20104121 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-25900413 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-22500071 | |
| 31-12-2018 | micro format | 27-06-2019 | 2019-23000539 |