JD TECHNICS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 25-06-2026 at the NBB all 15 filings
Turnover
≈ €310,000
Estimated: probably between €220,000 and €450,000
Total assets
€410,568▼ 14.4%
2024 · €479,873
Net result
€15,752▼ 55.9%
2024 · €35,718
Working capital
€62,914▼ 27.8%
2024 · €87,106
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€30,098
▼ 50.3%
2025
20182025
Net result
€15,752
▼ 55.9%
2025
middle half of the sector
20182025
Equity
€240,150
▼ 15.3%
2025
highest quarter of the sector
20182025
Total assets
€410,568
▼ 14.4%
2025
highest quarter of the sector
20182025
Debt
€170,418
▼ 13.2%
2025
20182025
Working capital
€62,914
▼ 27.8%
2025
middle half of the sector
20182025
Solvency
58.5%
▼ 0.6pp
2025
middle half of the sector
20182025
Current ratio
1.81
▼ 0.33
2025
middle half of the sector
20182025
Return on assets (ROA)
3.8%
▼ 3.6pp
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€57,560-€53,016▼ 7.9%€56,562▲ 6.7%€50,279▼ 11.1%€76,783▲ 52.7%€83,977▲ 9.4%€60,602▼ 27.8%€30,098▼ 50.3%
Net result€31,059-€28,939▼ 6.8%€32,884above the sector's middle half▲ 13.6%€30,353above the sector's middle half▼ 7.7%€48,403above the sector's middle half▲ 59.5%€53,611above the sector's middle half▲ 10.8%€35,718above the sector's middle half▼ 33.4%€15,752within the sector's middle half▼ 55.9%
Equity€77,268-€106,207▲ 37.5%€139,091above the sector's middle half▲ 31.0%€169,445above the sector's middle half▲ 21.8%€217,848above the sector's middle half▲ 28.6%€247,878above the sector's middle half▲ 13.8%€283,596above the sector's middle half▲ 14.4%€240,150above the sector's middle half▼ 15.3%
Total assets€384,458-€453,795▲ 18.0%€440,779above the sector's middle half▼ 2.9%€478,118above the sector's middle half▲ 8.5%€487,891above the sector's middle half▲ 2.0%€501,560above the sector's middle half▲ 2.8%€479,873above the sector's middle half▼ 4.3%€410,568above the sector's middle half▼ 14.4%
Debt€307,190-€347,588▲ 13.2%€301,688▼ 13.2%€308,673▲ 2.3%€270,043▼ 12.5%€253,682▼ 6.1%€196,277▼ 22.6%€170,418▼ 13.2%
Working capital-€7,412-€18,441€47,208within the sector's middle half▲ 156%€35,555within the sector's middle half▼ 24.7%€16,988within the sector's middle half▼ 52.2%€42,897within the sector's middle half▲ 153%€87,106within the sector's middle half▲ 103%€62,914within the sector's middle half▼ 27.8%
Solvency20.1%-23.4%▲ 3.3pp31.6%within the sector's middle half▲ 8.2pp35.4%within the sector's middle half▲ 3.9pp44.7%within the sector's middle half▲ 9.2pp49.4%within the sector's middle half▲ 4.8pp59.1%within the sector's middle half▲ 9.7pp58.5%within the sector's middle half▼ 0.6pp
Current ratio0.91-1.15▲ 0.241.45within the sector's middle half▲ 0.301.25within the sector's middle half▼ 0.191.17within the sector's middle half▼ 0.081.40within the sector's middle half▲ 0.232.14within the sector's middle half▲ 0.741.81within the sector's middle half▼ 0.33
Return on assets (ROA)8.1%-6.4%▼ 1.7pp7.5%within the sector's middle half▲ 1.1pp6.3%within the sector's middle half▼ 1.1pp9.9%within the sector's middle half▲ 3.6pp10.7%within the sector's middle half▲ 0.8pp7.4%within the sector's middle half▼ 3.2pp3.8%within the sector's middle half▼ 3.6pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 50% lower than in 2024 and the lowest since 2021. 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 €410,568
Fixed assets
€270,027 ▼ 14.6%
Current assets
€140,541 ▼ 14.2%
Equity and liabilities €410,568
Equity
€240,150 ▼ 15.3%
Debt
€170,418 ▼ 13.2%
Debt's share of the balance-sheet total rises from 40.9% to 41.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€76,132▼
2024 · €106,285
Cash flow
€61,786▼
2024 · €81,401
Quick ratio
1.26▼
2024 · 1.76
Debt to equity
0.71▲
2024 · 0.69
ROE
6.6%▼
2024 · 12.6%
Interest coverage
9.85▼
2024 · 10.56
Debt ≤ 1 year
€77,627▲
2024 · €76,707
Debt > 1 year
€92,790▼
2024 · €118,639
Income taxes
€7,068▼
2024 · €14,862
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 | €40,483 | €117,820 | €23,290 | €11,417 | - |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €26,707 | €36,754 | €42,732 | €45,683 | €46,034 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €158 awarded · €158 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6,000 | €16,935 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,377 | €32,623 | €33,135 | €26,707 | €36,754 | €42,732 | €45,683 | €46,034 | ▲ 0.8% |
| Other operating charges640/8 | - | - | - | €1,807 | €1,922 | €2,753 | €3,155 | €2,310 | ▼ 26.8% |
| Gross operating margin9900 | €85,614 | €87,508 | €92,558 | €78,794 | €115,459 | €129,463 | €109,441 | €78,442 | ▼ 28.3% |
| Operating profit (loss)9901 | €57,560 | €53,016 | €56,562 | €50,279 | €76,783 | €83,977 | €60,602 | €30,098 | ▼ 50.3% |
| Financial income75/76B | - | - | - | €261 | €1 | €10 | €43 | €454 | ▲ 955% |
| Recurring financial income75 | €1,516 | €51 | €209 | €261 | €1 | €10 | €43 | €454 | ▲ 955% |
| Financial charges65/66B | - | - | - | €10,370 | €9,482 | €8,943 | €10,065 | €7,732 | ▼ 23.2% |
| Recurring financial charges65 | €15,125 | €12,635 | €10,937 | €10,370 | €9,482 | €8,943 | €10,065 | €7,732 | ▼ 23.2% |
| Profit (loss) for the period before taxes9903 | €43,951 | €40,433 | €45,834 | €40,171 | €67,303 | €75,044 | €50,580 | €22,820 | ▼ 54.9% |
| Income taxes67/77 | €12,892 | €11,494 | €12,950 | €9,817 | €18,900 | €21,434 | €14,862 | €7,068 | ▼ 52.4% |
| Profit (loss) for the period9904 | €31,059 | €28,939 | €32,884 | €30,353 | €48,403 | €53,611 | €35,718 | €15,752 | ▼ 55.9% |
| Profit (loss) for the period to be appropriated9905 | €31,059 | €28,939 | €32,884 | €30,353 | €48,403 | €53,611 | €35,718 | €15,752 | ▼ 55.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €384,458 | €453,795 | €440,779 | €478,118 | €487,891 | €501,560 | €479,873 | €410,568 | ▼ 14.4% |
| Fixed assets21/28 | €308,637 | €311,056 | €287,744 | €301,520 | €369,769 | €350,327 | €316,061 | €270,027 | ▼ 14.6% |
| Intangible fixed assets21 | €23,625 | €12,600 | €1,576 | €1,051 | €526 | €1 | €1 | €1 | = |
| Tangible fixed assets22/27 | €284,877 | €298,321 | €286,033 | €300,334 | €369,108 | €350,191 | €315,925 | €269,891 | ▼ 14.6% |
| Land and buildings22 | - | - | - | €253,826 | €282,132 | €265,809 | €257,202 | €236,828 | ▼ 7.9% |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €46,508 | €86,976 | €84,382 | €58,723 | €33,063 | ▼ 43.7% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €75,821 | €142,739 | €153,035 | €176,597 | €118,122 | €151,233 | €163,812 | €140,541 | ▼ 14.2% |
| Stocks and contracts in progress3 | €5,000 | €6,395 | €21,556 | €44,413 | €41,908 | €46,558 | €28,441 | €42,761 | ▲ 50.4% |
| Stocks30/36 | - | - | - | €19,413 | €21,908 | €26,558 | €20,441 | €23,511 | ▲ 15.0% |
| Contracts in progress37 | - | - | - | €25,000 | €20,000 | €20,000 | €8,000 | €19,250 | ▲ 141% |
| Amounts receivable within one year40/41 | €64,138 | €91,239 | €55,078 | €131,640 | €75,644 | €88,814 | €33,282 | €92,263 | ▲ 177% |
| Trade receivables40 | - | - | - | €115,887 | €59,264 | €71,169 | €27,146 | €64,446 | ▲ 137% |
| Other amounts receivable41 | - | - | - | €15,753 | €16,380 | €17,644 | €6,137 | €27,817 | ▲ 353% |
| Cash at bank and in hand54/58 | - | €30,737 | €54,913 | €0 | - | €11,626 | €99,860 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | - | - | €545 | €570 | €4,236 | €2,229 | €5,517 | ▲ 148% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €384,458 | €453,795 | €440,779 | €478,118 | €487,891 | €501,560 | €479,873 | €410,568 | ▼ 14.4% |
| Equity10/15 | €77,268 | €106,207 | €139,091 | €169,445 | €217,848 | €247,878 | €283,596 | €240,150 | ▼ 15.3% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €64,868 | €93,807 | €126,691 | €157,045 | €205,448 | €235,478 | €271,196 | €227,750 | ▼ 16.0% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €155,185 | €203,588 | €235,478 | €271,196 | €227,750 | ▼ 16.0% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €307,190 | €347,588 | €301,688 | €308,673 | €270,043 | €253,682 | €196,277 | €170,418 | ▼ 13.2% |
| Amounts payable after more than one year17 | €223,957 | €223,290 | €195,861 | €167,631 | €168,832 | €143,621 | €118,639 | €92,790 | ▼ 21.8% |
| Financial debts170/4 | - | - | - | €167,631 | €168,832 | €143,621 | €118,639 | €92,790 | ▼ 21.8% |
| Amounts payable within one year42/48 | €83,233 | €124,298 | €105,827 | €141,042 | €101,134 | €108,337 | €76,707 | €77,627 | ▲ 1.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €28,231 | €37,229 | €25,211 | €24,982 | €25,849 | ▲ 3.5% |
| Financial debts43 | - | - | - | €16,459 | €12,775 | €0 | - | €7,533 | - |
| Credit institutions430/8 | - | - | - | €16,459 | €12,775 | €0 | - | €7,533 | - |
| Trade debts44 | €35,995 | €77,006 | €61,163 | €74,741 | €30,275 | €36,615 | €12,252 | €42,150 | ▲ 244% |
| Suppliers440/4 | - | - | - | €74,741 | €30,275 | €36,615 | €12,252 | €42,150 | ▲ 244% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €73 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €18,094 | €14,737 | €16,262 | €5,231 | €2,096 | ▼ 59.9% |
| Taxes450/3 | - | - | - | €18,094 | €14,737 | €16,262 | €5,231 | €2,096 | ▼ 59.9% |
| Other amounts payable47/48 | - | - | - | €3,517 | €6,118 | €30,249 | €34,169 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | €78 | €1,725 | €931 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,059 | €28,939 | €32,884 | €30,353 | €48,403 | €53,611 | €35,718 | €15,752 | ▼ 55.9% |
| + Depreciation and write-downs630 | €26,377 | €32,623 | €33,135 | €26,707 | €36,754 | €42,732 | €45,683 | €46,034 | ▲ 0.8% |
| Operating cash flow (approximation) | €57,436 | €61,562 | €66,019 | €57,060 | €85,157 | €96,343 | €81,401 | €61,786 | ▼ 24.1% |
| Investment in fixed assets (approximation) | - | -€35,042 | -€9,823 | -€40,483 | -€105,003 | -€23,290 | -€11,417 | €0 | - |
| Change in cash | - | - | €24,176 | -€54,913 | - | - | €88,235 | -€99,860 | - |
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, 10,904 companies had the same profile as JD TECHNICS has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.1%
was still going
4.0%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of JD TECHNICS itself: 0.6% 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 10,904 companies, not a prediction for JD TECHNICS. 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 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-06-2026 | 2026-00197662 | |
| 31-12-2024 | micro format | 09-05-2025 | 2025-00092609 | |
| 31-12-2023 | micro format | 25-06-2024 | 2024-00157481 | |
| 31-12-2022 | micro format | 19-07-2023 | 2023-00249189 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20333278 | |
| 31-12-2020 | micro format | 20-07-2021 | 2021-37100482 | |
| 31-12-2019 | micro format | 10-07-2020 | 2020-28200140 | |
| 31-12-2018 | micro format | 18-07-2019 | 2019-33900362 | |
| 31-12-2017 | micro format | 06-06-2018 | 2018-15800520 | |
| 31-12-2016 | micro format | 29-06-2017 | 2017-22700061 |