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JECATH

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Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 1990Rue de Bruxelles 32, 1400 Nivelles, BelgiumKBO/BCE: BE 0441.848.658
JECATHOpen bankruptcy

Financials · financial year 2023, micro format

Annual accounts 2023 filed on 29-04-2024 PDF all 33 filings

Turnover
≈ €270,000
Estimated: probably between €230,000 and €360,000
Total assets
€140,344▼ 23.5%
2022 · €183,542
Net result
-€43,375
2022 · €986
Working capital
€12,939▼ 77.8%
2022 · €58,355
Trend over the years

2019 to 2023, 5 financial years 2019 to 2023, 5 financial years

The operating result for 2023 is a loss of €41,304, after a profit of €9,911 in 2022. It is the lowest result since 2019.

Operating result-€41,304 2023 Net result-€43,375 2023

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023
Operating result€16,939-€3,119▼ 81.6%€24,650▲ 690%€9,911▼ 59.8%-€41,304
Net result€15,303-€1,713within the sector's middle half▼ 88.8%€22,318within the sector's middle half▲ 13×€986within the sector's middle half▼ 95.6%-€43,375below the sector's middle half
Equity€45,331-€47,044within the sector's middle half▲ 3.8%€69,362within the sector's middle half▲ 47.4%€70,348within the sector's middle half▲ 1.4%€26,973within the sector's middle half▼ 61.7%
Total assets€171,491-€139,286within the sector's middle half▼ 18.8%€149,560within the sector's middle half▲ 7.4%€183,542within the sector's middle half▲ 22.7%€140,344within the sector's middle half▼ 23.5%
Debt€126,160-€92,242▼ 26.9%€80,198▼ 13.1%€113,194▲ 41.1%€113,371▲ 0.2%
Working capital€16,759-€27,221within the sector's middle half▲ 62.4%€58,287above the sector's middle half▲ 114%€58,355above the sector's middle half▲ 0.1%€12,939within the sector's middle half▼ 77.8%
Solvency26.4%-33.8%within the sector's middle half▲ 7.3pp46.4%within the sector's middle half▲ 12.6pp38.3%within the sector's middle half▼ 8.0pp19.2%within the sector's middle half▼ 19.1pp
Current ratio1.13-1.30within the sector's middle half▲ 0.161.73within the sector's middle half▲ 0.431.52within the sector's middle half▼ 0.211.11within the sector's middle half▼ 0.40
Return on assets (ROA)8.9%-1.2%within the sector's middle half▼ 7.7pp14.9%within the sector's middle half▲ 13.7pp0.5%within the sector's middle half▼ 14.4pp-30.9%below the sector's middle half▼ 31.4pp
Staff (FTE)2.1-2.7within the sector's middle half▲ 28.6%1.7▼ 37.0%2.4▲ 41.2%1.8▼ 25.0%
above within below The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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.
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
2023 in colour, 2022 as the grey bar beneath
Assets €140,344
Fixed assets €14,034 ▲ 17.0%
Current assets €126,310 ▼ 26.4%
Equity and liabilities €140,344
Equity €26,973 ▼ 61.7%
Debt €113,371 ▲ 0.2%
Debt's share of the balance-sheet total rises from 61.7% to 80.8%. Equity is lower and debt is higher.
Key figures and ratios
2023 value · change against 2022
EBITDA
-€39,254▼
2022 · €11,695
Cash flow
-€41,326▼
2022 · €2,769
Quick ratio
0.89▼
2022 · 1.29
Debt to equity
4.20▲
2022 · 1.61
ROE
-160.8%▼
2022 · 1.4%
Interest coverage
-7.12▼
2022 · 1.02
Debt ≤ 1 year
€113,371▲
2022 · €113,194
Staff costs
€76,395▼
2022 · €81,403
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 49 lines

Source: Annual accounts 2023 (PDF), filed on 29-04-2024.

Balance sheet Code20222023
Assets
Total assets20/58€183,542€140,344▼
Fixed assets21/28€11,993€14,034▲
Tangible fixed assets22/27€11,873€13,914▲
Plant, machinery and equipment23-€1,733
Other tangible fixed assets26€11,873€12,181▲
Financial fixed assets28€120€120=
Current assets29/58€171,549€126,310▼
Stocks and contracts in progress3€25,194€25,744▲
Stocks30/36€25,194€25,744▲
Amounts receivable within one year40/41€83,083€82,690▼
Trade receivables40€20,961€24,131▲
Other amounts receivable41€62,122€58,559▼
Cash at bank and in hand54/58€21,172€16,618▼
Deferred charges and accrued income490/1€42,099€1,258▼
Equity and liabilities
Total equity and liabilities10/49€183,542€140,344▼
Equity10/15€70,348€26,973▼
Contributions10/11€45,860€45,860=
Capital10€45,860€45,860=
Issued capital100€45,860€45,860=
Reserves13€76,889€37▼
Non-distributable reserves130/1€37€37=
Legal reserve130€37€37=
Tax-exempt reserves132€76,852-
Profit (loss) carried forward14-€52,402-€18,925▲
Amounts payable17/49€113,194€113,371▲
Amounts payable within one year42/48€113,194€113,371▲
Trade debts44€90,070€86,836▼
Suppliers440/4€90,070€84,943▼
Bills of exchange payable441-€1,893
Taxes, remuneration and social security45€23,123€26,536▲
Taxes450/3€12,798€13,672▲
Remuneration and social security454/9€10,326€12,864▲
Income statement Code20222023
Remuneration, social security and pensions62€81,403€76,395▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,783€2,050▲
Other operating charges640/8€2,593€4,068▲
Non-recurring operating charges66A-€43,281
Gross operating margin9900€95,690€84,490▼
Operating profit (loss)9901€9,911-€41,304▼
Financial income75/76B€2,525€3,440▲
Recurring financial income75€2,525€3,196▲
Non-recurring financial income76B-€244
Financial charges65/66B€11,451€5,511▼
Recurring financial charges65€11,451€5,511▼
Profit (loss) for the period before taxes9903€986-€43,375▼
Profit (loss) for the period9904€986-€43,375▼
Transfer from tax-exempt reserves789-€76,852
Profit (loss) for the period to be appropriated9905€986€33,477▲
Appropriation of the result
Profit (loss) to be appropriated9906-€52,402-€18,925▲
Profit (loss) brought forward from the previous period14P-€53,388-€52,402▲

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20192020202120222023Change
Remuneration, social security and pensions62--€23,064€81,403€76,395▼ 6.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,748€8,748€8,748€1,783€2,050▲ 14.9%
Other operating charges640/8--€2,833€2,593€4,068▲ 56.9%
Non-recurring operating charges66A----€43,281-
Gross operating margin9900€89,249€61,516€59,296€95,690€84,490▼ 11.7%
Operating profit (loss)9901€16,939€3,119€24,650€9,911-€41,304-
Financial income75/76B--€1,224€2,525€3,440▲ 36.2%
Recurring financial income75€2,425€1,483€1,224€2,525€3,196▲ 26.6%
Non-recurring financial income76B----€244-
Financial charges65/66B--€3,557€11,451€5,511▼ 51.9%
Recurring financial charges65€4,061€2,888€3,557€11,451€5,511▼ 51.9%
Profit (loss) for the period before taxes9903€15,303€1,713€22,318€986-€43,375-
Profit (loss) for the period9904€15,303€1,713€22,318€986-€43,375-
Transfer from tax-exempt reserves789----€76,852-
Profit (loss) for the period to be appropriated9905€15,303€1,713€22,318€986€33,477▲ 34×
Line20192020202120222023Change
Assets
Total assets20/58€171,491€139,286€149,560€183,542€140,344▼ 23.5%
Fixed assets21/28€28,572€19,823€11,075€11,993€14,034▲ 17.0%
Tangible fixed assets22/27€28,451€19,703€10,955€11,873€13,914▲ 17.2%
Plant, machinery and equipment23----€1,733-
Other tangible fixed assets26--€10,955€11,873€12,181▲ 2.6%
Financial fixed assets28€120€120€120€120€120=
Current assets29/58€142,919€119,463€138,484€171,549€126,310▼ 26.4%
Stocks and contracts in progress3€18,100€18,620€19,570€25,194€25,744▲ 2.2%
Stocks30/36--€19,570€25,194€25,744▲ 2.2%
Amounts receivable within one year40/41€58,975€40,935€37,454€83,083€82,690▼ 0.5%
Trade receivables40--€19,022€20,961€24,131▲ 15.1%
Other amounts receivable41--€18,433€62,122€58,559▼ 5.7%
Cash at bank and in hand54/58€24,638€18,754€40,270€21,172€16,618▼ 21.5%
Deferred charges and accrued income490/1--€41,190€42,099€1,258▼ 97.0%
Equity and liabilities
Total equity and liabilities10/49€171,491€139,286€149,560€183,542€140,344▼ 23.5%
Equity10/15€45,331€47,044€69,362€70,348€26,973▼ 61.7%
Contributions10/11€45,860€45,860€45,860€45,860€45,860=
Capital10--€45,860€45,860€45,860=
Issued capital100--€45,860€45,860€45,860=
Reserves13€76,889€76,889€76,889€76,889€37▼ 100.0%
Non-distributable reserves130/1--€37€37€37=
Legal reserve130--€37€37€37=
Tax-exempt reserves132--€76,852€76,852--
Profit (loss) carried forward14-€77,419-€75,705-€53,388-€52,402-€18,925▲ 63.9%
Amounts payable17/49€126,160€92,242€80,198€113,194€113,371▲ 0.2%
Amounts payable within one year42/48€126,160€92,242€80,198€113,194€113,371▲ 0.2%
Trade debts44€107,669€75,246€70,417€90,070€86,836▼ 3.6%
Suppliers440/4--€70,417€90,070€84,943▼ 5.7%
Bills of exchange payable441----€1,893-
Taxes, remuneration and social security45--€9,780€23,123€26,536▲ 14.8%
Taxes450/3--€3,721€12,798€13,672▲ 6.8%
Remuneration and social security454/9--€6,060€10,326€12,864▲ 24.6%
Line20192020202120222023Change
Profit (loss) for the period9904€15,303€1,713€22,318€986-€43,375-
+ Depreciation and write-downs630€8,748€8,748€8,748€1,783€2,050▲ 14.9%
Operating cash flow (approximation)€24,051€10,462€31,066€2,769-€41,326-
Investment in fixed assets (approximation)-€0€0-€2,701-€4,090▼ 51.4%
Change in cash--€5,884€21,516-€19,098-€4,555▲ 76.2%

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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Latest 10 of 33 filings with the National Bank
Financial year Type Filed Reference Document
30-09-2023 micro format 29-04-2024 2024-00073276 PDF
30-09-2022 micro format 26-04-2023 2023-00066620 PDF
30-09-2021 micro format 28-04-2022 2022-20011483 PDF
30-09-2020 micro format 27-04-2021 2021-11300588 PDF
30-09-2019 micro format 30-04-2020 2020-11100485 PDF
30-09-2018 micro format 28-03-2019 2019-08400427 PDF
30-09-2017 micro format 07-05-2018 2018-12400032 PDF
30-09-2016 full format 19-04-2017 2017-09600480 PDF
30-09-2015 full format 30-03-2016 2016-08100555 PDF
30-09-2014 full format 28-04-2015 2015-10700283 PDF

Show all 33 filings