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JEBO

Active
Private limited companyfounded 2024active for 2 yearsKraaienberg 63, 2910 Essen, BelgiumKBO/BCE: BE 1014.884.769

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 10-06-2026 at the NBB all 2 filings

Equity
€7,038▼ 15.6%
2024 · €8,336
Total assets
€25,658▲ 121%
2024 · €11,592
Net result
-€1,299
2024 · €5,836
Working capital
€7,038▼ 15.6%
2024 · €8,336
Multi-year overview
2024 to 2025, 2 financial years
Operating result
-€605
2025
20242025
Net result
-€1,299
2025
lowest quarter of the sector
20242025
Equity
€7,038
▼ 15.6% 2025
lowest quarter of the sector
20242025
Total assets
€25,658
▲ 121% 2025
lowest quarter of the sector
20242025
Debt
€18,621
▲ 472% 2025
20242025
Working capital
€7,038
▼ 15.6% 2025
middle half of the sector
20242025
Solvency
27.4%
▼ 44.5pp 2025
middle half of the sector
20242025
Current ratio
1.38
▼ 2.18 2025
middle half of the sector
20242025
Return on assets (ROA)
-5.1%
▼ 55.4pp 2025
lowest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€7,815--€605
Net result€5,836within the sector's middle half--€1,299below the sector's middle half
Equity€8,336below the sector's middle half-€7,038below the sector's middle half▼ 15.6%
Total assets€11,592below the sector's middle half-€25,658below the sector's middle half▲ 121%
Debt€3,256-€18,621▲ 472%
Working capital€8,336within the sector's middle half-€7,038within the sector's middle half▼ 15.6%
Solvency71.9%above the sector's middle half-27.4%within the sector's middle half▼ 44.5pp
Current ratio3.56above the sector's middle half-1.38within the sector's middle half▼ 2.18
Return on assets (ROA)50.3%above the sector's middle half--5.1%below the sector's middle half▼ 55.4pp
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 a loss of €605, after a profit of €7,815 in 2024.

Turnover and EBIT margin are not published. The micro format does not require them.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €25,658
Equity €7,038 ▼ 15.6%
Debt €18,621 ▲ 472%
Debt's share of the balance-sheet total rises from 28.1% to 72.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
2.65▲
2024 · 0.39
ROE
-18.5%▼
2024 · 70.0%
Debt ≤ 1 year
€18,621▲
2024 · €3,256
Income taxes
€261▼
2024 · €1,461
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Subsidies and aid

Flemish government

2025 · 1 entry · €336 awarded · €336 paid
Schemes
1 entry · €336 · €336 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€11,592€25,658▲
Current assets29/58€11,592€25,658▲
Amounts receivable within one year40/41€3,391€23,683▲
Trade receivables40€1,868€13,750▲
Other amounts receivable41€1,523€9,933▲
Cash at bank and in hand54/58€8,201€1,976▼
Equity and liabilities
Total equity and liabilities10/49€11,592€25,658▲
Equity10/15€8,336€7,038▼
Contributions10/11€2,500€2,500=
Reserves13€5,836€4,538▼
Distributable reserves133€5,836€4,538▼
Amounts payable17/49€3,256€18,621▲
Amounts payable within one year42/48€3,256€18,621▲
Trade debts44€1,657€16,473▲
Suppliers440/4€1,657€16,473▲
Taxes, remuneration and social security45€1,461€2,148▲
Taxes450/3€1,461€2,148▲
Other amounts payable47/48€138-
Income statement Code20242025
Other operating charges640/8-€526
Gross operating margin9900€7,815-€79▼
Operating profit (loss)9901€7,815-€605▼
Financial income75/76B€1€149▲
Recurring financial income75€1€149▲
Financial charges65/66B€519€582▲
Recurring financial charges65€519€582▲
Profit (loss) for the period before taxes9903€7,297-€1,038▼
Income taxes67/77€1,461€261▼
Profit (loss) for the period9904€5,836-€1,299▼
Profit (loss) for the period to be appropriated9905€5,836-€1,299▼
Appropriation of the result
Profit (loss) to be appropriated9906€5,836-€1,299▼
Transfer from equity791/2-€1,299
Transfer to equity691/2€5,836-
To other reserves6921€5,836-

The notes to these accounts have 2 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 10-06-2026.

Line20242025Change
Other operating charges640/8-€526-
Gross operating margin9900€7,815-€79-
Operating profit (loss)9901€7,815-€605-
Financial income75/76B€1€149▲ 126×
Recurring financial income75€1€149▲ 126×
Financial charges65/66B€519€582▲ 12.2%
Recurring financial charges65€519€582▲ 12.2%
Profit (loss) for the period before taxes9903€7,297-€1,038-
Income taxes67/77€1,461€261▼ 82.1%
Profit (loss) for the period9904€5,836-€1,299-
Profit (loss) for the period to be appropriated9905€5,836-€1,299-
Line20242025Change
Assets
Total assets20/58€11,592€25,658▲ 121%
Current assets29/58€11,592€25,658▲ 121%
Amounts receivable within one year40/41€3,391€23,683▲ 598%
Trade receivables40€1,868€13,750▲ 636%
Other amounts receivable41€1,523€9,933▲ 552%
Cash at bank and in hand54/58€8,201€1,976▼ 75.9%
Equity and liabilities
Total equity and liabilities10/49€11,592€25,658▲ 121%
Equity10/15€8,336€7,038▼ 15.6%
Contributions10/11€2,500€2,500=
Reserves13€5,836€4,538▼ 22.3%
Distributable reserves133€5,836€4,538▼ 22.3%
Amounts payable17/49€3,256€18,621▲ 472%
Amounts payable within one year42/48€3,256€18,621▲ 472%
Trade debts44€1,657€16,473▲ 894%
Suppliers440/4€1,657€16,473▲ 894%
Taxes, remuneration and social security45€1,461€2,148▲ 47.1%
Taxes450/3€1,461€2,148▲ 47.1%
Other amounts payable47/48€138--
Line20242025Change
Profit (loss) for the period9904€5,836-€1,299-
Operating cash flow (approximation)€5,836-€1,299-
Change in cash--€6,225-

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

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Historical observation

In July 2024, 1,271 companies had the same profile as JEBO has now. Two years later, 93.5% were still going and 4.1% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a small loss
93.5% was still going
2.0% stopped otherwise
4.1% went bankrupt

Another 0.3% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of JEBO itself: 2.2% 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.

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 1,271 companies, not a prediction for JEBO. 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 (2)
Financial year Type Filed Reference Document
31-12-2025 micro format 10-06-2026 2026-00150168 PDF
31-12-2024 micro format 08-07-2025 2025-00249743 PDF

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