JEC
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 26-02-2026 PDF all 6 filings
Turnover
≈ €200,000
Estimated: probably between €140,000 and €300,000
Total assets
€1.8m▼ 0.5%
2024 · €1.8m
Net result
€101,426▲ 42.2%
2024 · €71,305
Working capital
-€7,499▲ 64.8%
2024 · -€21,310
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€78,489
▼ 18.5%
2025
20202025
Net result
€101,426
▲ 42.2%
2025
middle half of the sector
20202025
Equity
€1.6m
▲ 6.8%
2025
highest quarter of the sector
20202025
Total assets
€1.8m
▼ 0.5%
2025
middle half of the sector
20202025
Debt
€195,965
▼ 36.0%
2025
20202025
Working capital
-€7,499
▲ 64.8%
2025
middle half of the sector
20202025
Solvency
89.1%
▲ 6.1pp
2025
highest quarter of the sector
20202025
Current ratio
0.94
▲ 0.11
2025
middle half of the sector
20202025
Return on assets (ROA)
5.7%
▲ 1.7pp
2025
middle half of the sector
20202025
Staff (FTE)
no figure
2025
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€0.07m-€0.1m▲ 100%€0.2m▲ 61.8%€0.1m▼ 39.1%€0.1m▼ 26.9%€0.08m▼ 18.5%
Net result€0.04mwithin the sector's middle half-€0.2mabove the sector's middle half▲ 460%€0.2mabove the sector's middle half▼ 29.3%€0.1mwithin the sector's middle half▼ 40.3%€0.07mwithin the sector's middle half▼ 25.7%€0.1mwithin the sector's middle half▲ 42.2%
Equity€1.1mabove the sector's middle half-€1.3mabove the sector's middle half▲ 20.8%€1.5mabove the sector's middle half▲ 12.2%€1.4mwithin the sector's middle half▼ 3.7%€1.5mabove the sector's middle half▲ 5.0%€1.6mabove the sector's middle half▲ 6.8%
Total assets€2.5mabove the sector's middle half-€1.9mabove the sector's middle half▼ 25.5%€2.0mabove the sector's middle half▲ 6.5%€1.9mwithin the sector's middle half▼ 3.4%€1.8mwithin the sector's middle half▼ 6.3%€1.8mwithin the sector's middle half▼ 0.5%
Debt€1.4m-€0.6m▼ 61.2%€0.5m▼ 7.2%€0.5m▼ 2.7%€0.3m▼ 38.5%€0.2m▼ 36.0%
Working capital-€0.9mbelow the sector's middle half--€0.07mbelow the sector's middle half▲ 92.0%€0.2mabove the sector's middle half€0.005mwithin the sector's middle half▼ 97.2%-€0.02mwithin the sector's middle half-€0.007mwithin the sector's middle half▲ 64.8%
Solvency43.5%within the sector's middle half-70.5%within the sector's middle half▲ 27.0pp74.3%within the sector's middle half▲ 3.8pp74.1%within the sector's middle half▼ 0.2pp83.0%above the sector's middle half▲ 8.9pp89.1%above the sector's middle half▲ 6.1pp
Current ratio0.05below the sector's middle half-0.50below the sector's middle half▲ 0.451.96within the sector's middle half▲ 1.461.02within the sector's middle half▼ 0.940.83within the sector's middle half▼ 0.200.94within the sector's middle half▲ 0.11
Return on assets (ROA)1.6%within the sector's middle half-12.2%within the sector's middle half▲ 10.5pp8.1%within the sector's middle half▼ 4.1pp5.0%within the sector's middle half▼ 3.1pp4.0%within the sector's middle half▼ 1.0pp5.7%within the sector's middle half▲ 1.7pp
Staff (FTE)0within the sector's middle half
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 18% lower than in 2024 and the lowest since 2021. It is the third fall in a row.
Turnover and EBIT margin are not published. The abbreviated or 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 €1.8m
Fixed assets
€1.7m ▼ 1.1%
Current assets
€111,468 ▲ 9.1%
Equity and liabilities €1.8m
Equity
€1.6m ▲ 6.8%
Debt
€195,965 ▼ 36.0%
Debt's share of the balance-sheet total falls from 17.0% to 10.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€96,390▼
2024 · €114,019
Cash flow
€119,327▲
2024 · €89,053
Debt to equity
0.12▼
2024 · 0.20
ROE
6.4%▲
2024 · 4.8%
Interest coverage
23.86▲
2024 · 20.03
Debt ≤ 1 year
€118,966▼
2024 · €123,458
Debt > 1 year
€76,858▼
2024 · €182,290
Income taxes
€19,672▼
2024 · €19,875
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Pledge on other assets, amount secured | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m |
| Carrying value of the other pledged assets | €1.8m | €1.6m | €1.6m | €1.6m | €1.6m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,955 | €7,026 | €82,727 | €11,515 | - |
| Depreciation and write-downs of the year | €662 | €1,316 | €2,843 | €17,749 | €17,901 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €585 awarded · €585 paidAnnual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,504 | €662 | €1,316 | €2,843 | €17,749 | €17,901 | ▲ 0.9% |
| Other operating charges640/8 | - | €1,113 | €930 | €1,022 | €1,909 | €2,031 | ▲ 6.4% |
| Gross operating margin9900 | €69,738 | €135,591 | €218,721 | €135,598 | €115,928 | €98,421 | ▼ 15.1% |
| Operating profit (loss)9901 | €66,836 | €133,816 | €216,475 | €131,733 | €96,271 | €78,489 | ▼ 18.5% |
| Financial income75/76B | - | €800,006 | €67,227 | €863 | €600 | €46,650 | ▲ 78× |
| Recurring financial income75 | - | €800,006 | €644 | €863 | €600 | €46,650 | ▲ 78× |
| Non-recurring financial income76B | - | - | €66,583 | €0 | - | - | - |
| Financial charges65/66B | - | €677,759 | €71,618 | €4,471 | €5,691 | €4,040 | ▼ 29.0% |
| Recurring financial charges65 | €12,534 | €12,759 | €71,618 | €4,471 | €5,691 | €4,040 | ▼ 29.0% |
| Non-recurring financial charges66B | - | €665,000 | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €54,302 | €256,063 | €212,084 | €128,125 | €91,179 | €121,098 | ▲ 32.8% |
| Income taxes67/77 | €13,778 | €28,950 | €51,512 | €32,189 | €19,875 | €19,672 | ▼ 1.0% |
| Profit (loss) for the period9904 | €40,524 | €227,113 | €160,572 | €95,935 | €71,305 | €101,426 | ▲ 42.2% |
| Profit (loss) for the period to be appropriated9905 | €40,524 | €227,113 | €160,572 | €95,935 | €71,305 | €101,426 | ▲ 42.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €2.5m | €1.9m | €2.0m | €1.9m | €1.8m | €1.8m | ▼ 0.5% |
| Fixed assets21/28 | €2.5m | €1.8m | €1.6m | €1.7m | €1.7m | €1.7m | ▼ 1.1% |
| Tangible fixed assets22/27 | €0.004m | €0.007m | €0.01m | €0.09m | €0.09m | €0.07m | ▼ 20.6% |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.06m | €0.04m | ▼ 25.2% |
| Other tangible fixed assets26 | - | €0.007m | €0.01m | €0.02m | €0.03m | €0.03m | ▼ 12.6% |
| Financial fixed assets28 | €2.5m | €1.8m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Current assets29/58 | €0.05m | €0.07m | €0.4m | €0.2m | €0.1m | €0.1m | ▲ 9.1% |
| Amounts receivable after more than one year29 | - | - | €0.09m | €0.04m | €0.04m | €0.04m | = |
| Other amounts receivable291 | - | - | €0.09m | €0.04m | €0.04m | €0.04m | = |
| Amounts receivable within one year40/41 | €0.02m | €0.02m | €0.1m | €0.1m | €0.01m | €0.02m | ▲ 92.8% |
| Trade receivables40 | - | €0.02m | €0.1m | €0.1m | €0.003m | €0.02m | ▲ 600% |
| Other amounts receivable41 | - | - | - | €0.005m | €0.008m | €328 | ▼ 96.0% |
| Cash at bank and in hand54/58 | €0.02m | €0.05m | €0.1m | €0.03m | €0.05m | €0.05m | ▼ 2.1% |
| Deferred charges and accrued income490/1 | - | - | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €2.5m | €1.9m | €2.0m | €1.9m | €1.8m | €1.8m | ▼ 0.5% |
| Equity10/15 | €1.1m | €1.3m | €1.5m | €1.4m | €1.5m | €1.6m | ▲ 6.8% |
| Contributions10/11 | - | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Reserves13 | €0.04m | €0.3m | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 22.8% |
| Distributable reserves133 | - | €0.3m | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 22.8% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €1.4m | €0.6m | €0.5m | €0.5m | €0.3m | €0.2m | ▼ 36.0% |
| Amounts payable after more than one year17 | €0.5m | €0.4m | €0.3m | €0.3m | €0.2m | €0.08m | ▼ 57.8% |
| Financial debts170/4 | - | €0.4m | €0.3m | €0.3m | €0.2m | €0.08m | ▼ 57.8% |
| Amounts payable within one year42/48 | €0.9m | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 3.6% |
| Current portion of amounts payable after more than one year42 | - | €0.09m | €0.09m | €0.1m | €0.1m | €0.1m | ▲ 1.6% |
| Trade debts44 | €0.005m | €491 | €0.001m | €0.05m | €0.001m | €0.002m | ▲ 84.7% |
| Suppliers440/4 | - | €491 | €0.001m | €0.05m | €0.001m | €0.002m | ▲ 84.7% |
| Taxes, remuneration and social security45 | - | €0.05m | €0.1m | €0.06m | €0.02m | €0.01m | ▼ 29.5% |
| Taxes450/3 | - | €0.05m | €0.09m | €0.06m | €0.01m | €0.01m | ▼ 14.8% |
| Remuneration and social security454/9 | - | €0.003m | €0.003m | €0.003m | €0.003m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €490 | €0.001m | €390 | €0.002m | €152 | ▼ 93.8% |
| Accrued charges and deferred income492/3 | - | €468 | €388 | €307 | €224 | €141 | ▼ 37.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,524 | €227,113 | €160,572 | €95,935 | €71,305 | €101,426 | ▲ 42.2% |
| + Depreciation and write-downs630 | €2,504 | €662 | €1,316 | €2,843 | €17,749 | €17,901 | ▲ 0.9% |
| Operating cash flow (approximation) | €43,029 | €227,775 | €161,887 | €98,778 | €89,053 | €119,327 | ▲ 34.0% |
| Investment in fixed assets (approximation) | - | €661,045 | €172,391 | -€82,727 | -€11,515 | €0 | - |
| Change in cash | - | €22,510 | €98,901 | -€117,916 | €24,047 | -€1,032 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-02-2026 | 2026-00043790 | |
| 31-12-2024 | abbreviated format | 10-06-2025 | 2025-00128030 | |
| 31-12-2023 | abbreviated format | 27-06-2024 | 2024-00170662 | |
| 31-12-2022 | micro format | 13-06-2023 | 2023-00121088 | |
| 31-12-2021 | micro format | 27-07-2022 | 2022-20228059 | |
| 31-12-2020 | micro format | 23-08-2021 | 2021-51100043 |