JECOREST (0456.589.787): financials and annual accounts

JECOREST

Antwerp ·KBO/BCE: BE 0456.589.787

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	1.3m	1.1m	1.3m	1.2m	1.4m	1.0m	889,243	642,684	732,356	615,601	654,740	626,232	675,004	786,081	504,903	536,475	425,059	443,530	302,542	317,584
Fixed assets`21/28`	578,718	690,916	647,279	428,055	520,914	535,639	665,293	297,521	320,937	285,864	370,782	436,461	475,880	565,764	282,245	248,885	203,499	242,717	120,499	157,538
Tangible fixed assets`22/27`	578,123	690,321	646,684	427,856	520,716	535,440	665,095	297,323	320,738	285,666	370,584	436,262	475,682	565,566	280,989	247,360	201,978	241,196	118,966	155,931
Plant, machinery and equipment`23`	578,123	690,321	646,323	427,063	513,407	521,538	644,004	271,191	317,886	279,682	365,540	432,955	470,410	558,613	276,988	243,626	196,394	227,376	107,293	142,161
Furniture and vehicles`24`	-	-	361	793	7,308	13,902	21,091	26,131	2,852	5,984	5,044	3,307	5,272	6,952	4,001	3,734	5,584	13,820	11,672	13,770
Financial fixed assets`28`	595	595	595	198	198	198	198	198	198	198	198	198	198	198	1,256	1,525	1,521	1,521	1,533	1,607
Current assets`29/58`	769,191	443,966	674,438	731,657	832,431	502,587	223,950	345,163	411,419	329,737	283,957	189,771	199,124	220,317	222,658	287,590	221,560	200,813	182,043	160,046
Stocks and contracts in progress`3`	19,810	26,456	27,077	21,852	18,799	14,810	15,464	14,297	8,592	11,365	9,342	10,651	7,590	8,348	9,167	6,346	8,618	9,204	6,912	6,686
Stocks`30/36`	19,810	26,456	27,077	21,852	18,799	14,810	15,464	14,297	8,592	11,365	9,342	10,651	7,590	8,348	9,167	6,346	8,618	9,204	6,912	6,686
Amounts receivable within one year`40/41`	468,602	213,386	116,620	133,254	174,654	175,056	88,398	56,429	52,192	4,521	18,903	14,019	7,523	14,023	9,183	27,939	32,769	36,596	31,392	35,563
Trade receivables`40`	21,292	8,771	43,094	28,653	8,621	10,575	15,500	17,236	19,605	4,521	11,383	1,585	3,315	4,393	1,574	-	6,440	12,343	8,856	9,801
Other amounts receivable`41`	447,310	204,616	73,526	104,601	166,033	164,482	72,898	39,193	32,588	-	7,520	12,434	4,208	9,630	7,609	27,939	26,329	24,253	22,536	25,762
Current investments`50/53`	196	195	100,000	-	-	-	-	-	-	41,681	41,681	41,681	41,681	41,681	41,681	41,681	41,632	40,507	40,251	-
Cash at bank and in hand`54/58`	257,089	186,112	412,986	568,415	628,128	275,942	112,911	270,119	349,212	267,713	199,024	117,137	136,849	151,159	157,388	198,717	134,611	111,732	98,365	115,801
Deferred charges and accrued income`490/1`	23,494	17,817	17,755	8,136	10,851	36,779	7,176	4,319	1,422	4,456	15,007	6,283	5,481	5,106	5,239	12,907	3,930	2,774	5,124	1,997
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.3m	1.1m	1.3m	1.2m	1.4m	1.0m	889,243	642,684	732,356	615,601	654,740	626,232	675,004	786,081	504,903	536,475	425,059	443,530	302,542	317,584
Equity`10/15`	389,845	364,533	345,289	324,253	277,403	214,489	168,498	143,727	109,476	108,802	112,708	102,397	67,587	130,653	126,934	114,441	98,289	116,301	-20,471	-10,566
Contributions`10/11`	18,600	18,600	18,600	18,600	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	6,197	6,197	6,197
Issued capital`100`	-	-	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Uncalled capital`101`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,395	12,395	12,395
Revaluation surpluses`12`	150,045	150,045	150,045	150,045	150,045	150,045	150,045	150,045	150,045	150,045	150,045	150,045	150,045	150,045	150,045	150,045	150,045	150,045	-	-
Reserves`13`	221,200	195,888	176,644	155,608	108,766	45,852	2,092	2,092	2,092	2,092	2,092	2,092	2,092	2,092	2,092	2,092	-	-	-	-
Distributable reserves`133`	221,200	195,888	176,644	155,608	108,766	45,852	2,092	2,092	2,092	2,092	2,092	2,092	2,092	2,092	2,092	2,092	-	-	-	-
Profit (loss) carried forward`14`	-	-	-	-	-	-	-2,231	-27,003	-61,254	-61,928	-58,021	-68,332	-103,142	-40,076	-43,795	-56,288	-70,348	-39,941	-26,668	-16,763
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,824	12,624	12,224	10,824	9,024	850
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,824	12,624	12,224	10,824	9,024	850
Amounts payable`17/49`	958,064	770,349	976,428	835,459	1.1m	823,736	720,745	498,958	622,880	506,800	542,031	523,835	607,417	655,428	361,144	409,409	314,545	316,404	313,989	327,300
Amounts payable after more than one year`17`	127,447	238,868	118,236	176,229	233,485	396,915	425,754	144,630	226,200	187,494	249,921	281,048	339,628	412,222	128,895	135,194	75,857	83,538	84,579	88,155
Financial debts`170/4`	127,447	238,868	118,236	176,229	233,485	396,915	425,754	144,630	226,200	187,494	249,921	281,048	339,628	412,222	128,895	135,194	75,857	83,538	84,579	88,155
Amounts payable within one year`42/48`	827,948	530,385	856,718	656,585	842,457	426,297	294,593	354,328	396,680	319,305	292,110	242,787	267,789	243,206	232,250	274,215	238,688	232,866	229,410	239,145
Current portion of amounts payable after more than one year`42`	120,968	124,825	57,993	57,256	92,419	136,309	106,974	89,831	104,309	71,631	69,434	68,853	84,161	84,992	43,586	38,094	22,088	25,685	21,700	23,819
Financial debts`43`	-	-	14,747	14,662	14,695	-	12,539	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit institutions`430/8`	-	-	-	-	44	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other loans`439`	-	-	14,747	14,662	14,651	-	12,539	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	609,373	316,924	635,040	432,433	577,369	240,952	106,439	193,085	219,643	149,351	150,899	108,054	109,581	92,872	112,338	160,902	143,900	133,474	133,505	148,398
Suppliers`440/4`	609,373	316,924	635,040	432,433	577,369	240,952	106,439	193,085	219,643	149,351	150,899	108,054	109,581	92,872	112,338	160,902	143,900	133,474	133,505	148,398
Taxes, remuneration and social security`45`	96,455	88,118	77,775	81,342	80,555	49,035	68,570	71,412	72,728	98,324	71,778	65,879	74,047	65,342	62,863	49,256	46,737	47,744	48,241	40,965
Taxes`450/3`	-	-	-	44	158	158	-	2,497	7,605	14,444	9,494	2,524	6,107	6,671	18,746	7,813	7,186	9,029	9,739	4,793
Remuneration and social security`454/9`	96,455	88,118	77,775	81,298	80,398	48,877	68,570	68,915	65,123	83,880	62,283	63,356	67,940	58,670	44,117	41,442	39,550	38,715	38,502	36,173
Other amounts payable`47/48`	1,153	518	71,163	70,891	77,419	-	71	-	-	-	-	-	-	-	13,463	25,963	25,963	25,963	25,963	25,963
Accrued charges and deferred income`492/3`	2,668	1,096	1,474	2,645	-	525	398	-	-	-	-	-	-	-	-	-	-	-	-	-
Income statement
Gross operating margin`9900`	1.1m	1.0m	892,509	872,246	926,422	764,972	738,038	716,953	712,224	709,441	699,866	814,148	742,083	856,506	573,217	570,204	490,702	505,726	500,107	447,722
Remuneration, social security and pensions`62`	859,413	777,680	689,890	658,537	705,142	570,780	586,311	584,166	584,204	560,974	549,078	632,920	673,251	763,355	497,211	485,215	453,613	457,081	442,097	408,834
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	163,767	191,066	144,464	140,335	145,538	135,347	102,360	64,441	96,824	111,330	114,014	117,774	111,338	74,281	34,600	56,793	46,214	47,774	43,494	42,850
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-16,824	4,200	400	1,400	1,800	8,174	850
Other operating charges`640/8`	11,293	10,971	10,835	10,063	8,997	8,048	14,933	7,599	14,028	22,274	2,909	4,686	6,015	3,604	1,581	5,480	14,263	10,522	11,800	10,572
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	215	5,827	-	-	-
Operating profit (loss)`9901`	66,451	58,237	47,320	63,311	66,744	50,797	34,435	60,747	17,167	14,862	33,865	58,768	-48,520	32,091	35,624	22,316	-24,788	-11,451	-5,458	-15,384
Financial income`75/76B`	1,012	2,507	524	11	9,853	7,250	1,700	1,088	3,549	445	541	595	343	817	1,708	721	2,330	1,909	2,378	1,216
Recurring financial income`75`	1,012	2,507	524	11	9,853	7,250	1,700	1,088	3,549	445	541	595	343	817	1,708	721	2,330	1,909	2,378	1,216
Financial charges`65/66B`	30,160	31,293	16,448	16,444	13,528	11,898	11,166	9,572	10,048	9,396	14,595	24,481	14,814	19,566	7,831	3,607	2,122	3,731	2,827	1,443
Recurring financial charges`65`	30,160	31,293	16,448	16,444	13,528	11,898	11,166	9,572	10,048	9,396	14,595	24,481	14,814	19,566	7,831	3,607	2,122	3,731	2,827	1,443
Profit (loss) for the period before taxes`9903`	37,303	29,451	31,395	46,879	63,069	46,149	24,969	52,263	10,669	5,911	19,811	34,882	-62,991	13,342	29,501	19,215	-30,407	-13,273	-5,907	-15,611
Income taxes`67/77`	11,991	10,208	10,359	29	155	158	197	18,012	9,994	9,817	9,500	72	75	9,623	17,008	5,155	-	-	3,997	665
Profit (loss) for the period`9904`	25,312	19,244	21,036	46,850	62,914	45,991	24,771	34,251	674	-3,907	10,311	34,810	-63,066	3,719	12,493	14,060	-30,407	-13,273	-9,905	-11,672
Transfer from tax-exempt reserves`789`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,858
Profit (loss) for the period to be appropriated`9905`	25,312	19,244	21,036	46,850	62,914	45,991	24,771	34,251	674	-3,907	10,311	34,810	-63,066	3,719	12,493	14,060	-30,407	-13,273	-9,905	-4,814
Appropriation of the result
Profit (loss) to be appropriated`9906`	25,312	19,244	21,036	46,850	62,914	43,760	-2,231	-27,003	-61,254	-61,928	-58,021	-68,332	-103,142	-40,076	-43,795	-56,288	-70,348	-39,941	-26,668	-16,763
Transfer to equity`691/2`	25,312	19,244	21,036	46,850	62,914	43,760	-	-	-	-	-	-	-	-	-	-	-	-	-	-
To other reserves`6921`	25,312	19,244	21,036	46,850	62,914	43,760	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	18.8	17.1	14.9	15.5	15.7	16.9	15.4	14.6	13.6	12.4	12.9	18.3	21.6	20.6	17	16.4	16.1	17.1	15.5	15.1
Hours worked`1013`	32,643	30,378	27,068	26,754	28,798	25,409	24,833	24,475	24,243	23,250	23,083	30,452	32,577	40,463	28,473	26,788	25,507	27,282	27,176	26,423
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	31-08-2026	2026-00466432	PDF
31-12-2024	abbreviated format	31-08-2025	2025-00452857	PDF
31-12-2023	abbreviated format	19-07-2024	2024-00261507	PDF
31-12-2022	abbreviated format	20-07-2023	2023-00253141	PDF
31-12-2021	abbreviated format	12-07-2022	2022-20173926	PDF
31-12-2020	abbreviated format	30-08-2021	2021-57700185	PDF
31-12-2019	abbreviated format	20-07-2020	2020-32000257	PDF
31-12-2018	abbreviated format	01-07-2019	2019-25900254	PDF
31-12-2017	abbreviated format	30-06-2018	2018-27800573	PDF
31-12-2016	abbreviated format	25-07-2017	2017-35200302	PDF
31-12-2015	abbreviated format	08-09-2016	2016-59500392	PDF
31-12-2014	abbreviated format	31-08-2015	2015-56800329	PDF
31-12-2013	abbreviated format	29-08-2014	2014-55000413	PDF
31-12-2012	abbreviated format	30-08-2013	2013-55100571	PDF
30-09-2011	abbreviated format	30-03-2012	2012-07800421	PDF
30-09-2010	abbreviated format	06-04-2011	2011-08100314	PDF
30-09-2009	abbreviated format	27-04-2010	2010-10100270	PDF
30-09-2008	abbreviated format	12-05-2009	2009-15000264	PDF
30-09-2007	abbreviated format	30-04-2008	2008-12600177	PDF
30-09-2006	abbreviated format	24-05-2007	2007-15800266	PDF
30-09-2005	abbreviated format	28-04-2006	2006-12704036	PDF
30-09-2004	abbreviated format	21-03-2005	2005-08203237	PDF
30-09-2003	abbreviated format	30-03-2004	2004-09302765	PDF
30-09-2002	abbreviated format	11-06-2003	2003-21804588	PDF
30-09-2001	abbreviated format	02-04-2002	2002-08302282	PDF
30-09-2000	abbreviated format	05-04-2001	2001-09002635	PDF
31-12-1998	abbreviated format	08-06-1999	1999-15501472	PDF
31-12-1997	abbreviated format	16-07-1998	1998-33503468	PDF
31-12-1996	abbreviated format	16-07-1997	1997-31003939	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	230,219	249,304	191,784	203,646	212,282	186,144	136,795	125,188	113,992	126,192	147,880	176,542	62,817	106,372	70,224	79,109	21,426	36,323	38,036	27,467
Cash flow	189,079	210,310	165,500	187,185	208,452	181,338	127,131	98,691	97,498	107,424	124,326	152,584	48,271	78,000	47,093	70,852	15,807	34,501	33,589	31,179
Investment in fixed assets	51,569	234,703	363,688	53,557	130,814	5,692	470,132	41,025	138,939	26,412	48,336	78,355	21,454	358,857	68,230	104,494	13,649	19,960	6,528	15,586
Change in cash	70,977	-226,874	-155,428	-59,714	352,186	163,031	-157,207	-79,094	81,499	68,689	81,887	-19,712	-14,310	-6,229	-41,329	64,106	22,880	13,367	-17,436	-
Working capital	-58,758	-86,419	-182,280	75,072	-10,026	76,290	-70,643	-9,164	14,739	10,432	-8,153	-53,016	-68,665	-22,889	-9,592	13,375	-17,128	-32,054	-47,366	-79,099
Solvency	28.9%	32.1%	26.1%	28.0%	20.5%	20.7%	18.9%	22.4%	14.9%	17.7%	17.2%	16.4%	10.0%	16.6%	25.1%	21.3%	23.1%	26.2%	-6.8%	-3.3%
Current ratio	0.93	0.84	0.79	1.11	0.99	1.18	0.76	0.97	1.04	1.03	0.97	0.78	0.74	0.91	0.96	1.05	0.93	0.86	0.79	0.67
Quick ratio	0.91	0.79	0.76	1.08	0.97	1.14	0.71	0.93	1.02	1.00	0.94	0.74	0.72	0.87	0.92	1.03	0.89	0.82	0.76	0.64
Debt to equity	2.46	2.11	2.83	2.58	3.88	3.84	4.28	3.47	5.69	4.66	4.81	5.12	8.99	5.02	2.85	3.58	3.20	2.72	-	-
ROE	6.5%	5.3%	6.1%	14.4%	22.7%	21.4%	14.7%	23.8%	0.6%	-3.6%	9.1%	34.0%	-93.3%	2.8%	9.8%	12.3%	-30.9%	-11.4%	-	-
ROA	1.9%	1.7%	1.6%	4.0%	4.6%	4.4%	2.8%	5.3%	0.1%	-0.6%	1.6%	5.6%	-9.3%	0.5%	2.5%	2.6%	-7.2%	-3.0%	-3.3%	-3.7%
Interest coverage	7.63	7.97	11.66	12.38	15.69	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	15	15	16	20	14
full-time	11	10	8	12	9
part-time	4	5	8	8	5
in full-time equivalents	14.2	14.1	13.2	16.7	12.2
Average over the year, in full-time equivalents	18.8	17.1	14.9	15.5	15.7
On a permanent contract	15	15	9	14	13
Joined	-	1,135	36	-	-
Left	-	1,133	40	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€51,569	€234,703	€363,291	€53,557	€130,814
Financial fixed assets	-	-	€397	-	-
Depreciation and write-downs of the year	€163,767	€191,066	€144,464	€140,335	€145,538

JECOREST

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency28.9%

Current ratio0.93

Return on assets1.9%

Staff

Staff cost per FTE€45,713

Joined and left

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022, 1 entry, €1,777 awarded, €1,777 paid

Key figures and ratios

Social balance sheet

Investments

Insights on JECOREST

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