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JEF JASPERS

Active
Private limited companyfounded 2000active for 25 yearsHorendonk 366, 2910 Essen, BelgiumKBO/BCE: BE 0473.689.206

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 19-06-2026 at the NBB all 25 filings

Turnover
≈ €3.1m
Estimated: probably between €2.4m and €4.2m
Total assets
€880,349▲ 36.3%
2024 · €645,672
Net result
€339,230▲ 302%
2024 · €84,331
Working capital
€100,716▲ 135%
2024 · €42,848
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is nearly 3.8 times that of 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.

Operating result€462,772 2025 Net result€339,230 2025

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 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 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
Line20182019202020212022202320242025
Operating result€129,835-€82,128▼ 36.7%€47,978▼ 41.6%€35,946▼ 25.1%€92,552▲ 157%€38,708▼ 58.2%€123,083▲ 218%€462,772▲ 276%
Net result€114,334-€54,504▼ 52.3%€25,677within the sector's middle half▼ 52.9%€25,484within the sector's middle half▼ 0.8%€64,008within the sector's middle half▲ 151%€24,982within the sector's middle half▼ 61.0%€84,331within the sector's middle half▲ 238%€339,230above the sector's middle half▲ 302%
Equity€177,497-€228,777▲ 28.9%€252,854within the sector's middle half▲ 10.5%€278,338within the sector's middle half▲ 10.1%€281,774within the sector's middle half▲ 1.2%€305,090within the sector's middle half▲ 8.3%€366,966within the sector's middle half▲ 20.3%€454,941within the sector's middle half▲ 24.0%
Total assets€613,420-€389,046▼ 36.6%€395,263within the sector's middle half▲ 1.6%€382,062below the sector's middle half▼ 3.3%€421,981below the sector's middle half▲ 10.4%€495,843within the sector's middle half▲ 17.5%€645,672within the sector's middle half▲ 30.2%€880,349within the sector's middle half▲ 36.3%
Debt€435,923-€160,269▼ 63.2%€142,409▼ 11.1%€103,724▼ 27.2%€140,207▲ 35.2%€190,753▲ 36.1%€278,706▲ 46.1%€421,088▲ 51.1%
Working capital€150,784-€179,272▲ 18.9%€142,105within the sector's middle half▼ 20.7%€147,413within the sector's middle half▲ 3.7%€183,913within the sector's middle half▲ 24.8%€88,768within the sector's middle half▼ 51.7%€42,848within the sector's middle half▼ 51.7%€100,716within the sector's middle half▲ 135%
Solvency28.9%-58.8%▲ 29.9pp64.0%above the sector's middle half▲ 5.2pp72.9%above the sector's middle half▲ 8.9pp66.8%above the sector's middle half▼ 6.1pp61.5%within the sector's middle half▼ 5.2pp56.8%within the sector's middle half▼ 4.7pp51.7%within the sector's middle half▼ 5.2pp
Current ratio1.53-3.08▲ 1.552.18within the sector's middle half▼ 0.892.90above the sector's middle half▲ 0.722.52within the sector's middle half▼ 0.381.50within the sector's middle half▼ 1.021.17within the sector's middle half▼ 0.331.26within the sector's middle half▲ 0.09
Return on assets (ROA)18.6%-14.0%▼ 4.6pp6.5%within the sector's middle half▼ 7.5pp6.7%within the sector's middle half▲ 0.2pp15.2%above the sector's middle half▲ 8.5pp5.0%within the sector's middle half▼ 10.1pp13.1%within the sector's middle half▲ 8.0pp38.5%above the sector's middle half▲ 25.5pp
Staff (FTE)8.9-6.1▼ 31.5%7.1within the sector's middle half▲ 16.4%7.6within the sector's middle half▲ 7.0%8.7within the sector's middle half▲ 14.5%8.1within the sector's middle half▼ 6.9%7.3within the sector's middle half▼ 9.9%7.9within the sector's middle half▲ 8.2%
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.
Turnover and EBIT margin are not published. The abbreviated 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 €880,349
Fixed assets €398,579 ▲ 13.8%
Current assets €481,770 ▲ 63.1%
Equity and liabilities €880,349
Equity €454,941 ▲ 24.0%
Provisions €4,320
Debt €421,088 ▲ 51.1%
Debt's share of the balance-sheet total rises from 43.2% to 47.8%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€591,325▲
2024 · €199,197
Cash flow
€467,783▲
2024 · €160,445
Quick ratio
1.26▲
2024 · 1.17
Debt to equity
0.93▲
2024 · 0.76
ROE
74.6%▲
2024 · 23.0%
Interest coverage
25.08▲
2024 · 15.80
Debt ≤ 1 year
€381,054▲
2024 · €252,475
Debt > 1 year
€40,034▲
2024 · €26,231
Income taxes
€103,547▲
2024 · €30,648
Staff costs
€525,846▲
2024 · €440,308
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as JEF JASPERS: site preparation (NACE 43120). They are comparable in size and age: total assets between €739,000 and €1.4m, founded between 1989 and 2005.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
JEF JASPERS Essen2000€0.9m€0.5m€1.1m€0.3m7.92025
VGR Westerlo1996€1.3m€0.6m€0.9m€0.09m6.32025
GROND- EN WATERWERKEN VAN DER VELDEN Wuustwezel1989€0.7m€0.3m€0.9m€0.2m92025
JOKO Lommel1993€0.9m€0.3m€1.0m€0.1m8.72025
Ghijsens Tongeren-Borgloon1997€1.1m€0.4m€0.8m€0.2m9.52025
EGOUT MAINTENANCE SERVICES Anderlecht2005€1.1m€0.6m€0.7m€0.08m8.72025
GRONDWERKEN HEYRMAN URBAIN Beveren-Kruibeke-Zwijndrecht1998€1.4m€0.4m€0.9m€0.03m7.92025

They were chosen from the 3,177 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 31,368 companies had the same profile as JEF JASPERS has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93.5% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of JEF JASPERS itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,445 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 31,368 companies, not a prediction for JEF JASPERS. 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.

Subsidies and aid

Flemish government

2022 to 2025 · 4 entries · €5,145 awarded · €5,029 paid
Year Entries AwardedPaid
2025 1 €1,563€1,447
2024 1 €783€783
2023 1 €266€266
2022 1 €2,533€2,533
Schemes
4 entries · €5,145 · €5,029 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 61 lines

Source: Annual accounts 2025 at the NBB, filed on 19-06-2026.

Balance sheet Code20242025
Assets
Total assets20/58€0.6m€0.9m▲
Fixed assets21/28€0.4m€0.4m▲
Tangible fixed assets22/27€0.3m€0.4m▲
Plant, machinery and equipment23€0.2m€0.2m▼
Furniture and vehicles24€0.2m€0.2m▲
Leasing and similar rights25€0.01m€0.04m▲
Other tangible fixed assets26€0.006m€0.006m▼
Financial fixed assets28€0.001m€0.001m=
Current assets29/58€0.3m€0.5m▲
Stocks and contracts in progress3-€0.003m
Stocks30/36-€0.003m
Amounts receivable within one year40/41€0.2m€0.3m▲
Trade receivables40€0.2m€0.3m▲
Other amounts receivable41€0.04m€0.06m▲
Cash at bank and in hand54/58€0.06m€0.1m▲
Deferred charges and accrued income490/1€0.03m€0.03m▼
Equity and liabilities
Total equity and liabilities10/49€0.6m€0.9m▲
Equity10/15€0.4m€0.5m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.3m€0.4m▲
Tax-exempt reserves132€0.02m€0.04m▲
Distributable reserves133€0.3m€0.4m▲
Provisions and deferred taxes16-€0.004m
Deferred taxes168-€0.004m
Amounts payable17/49€0.3m€0.4m▲
Amounts payable after more than one year17€0.03m€0.04m▲
Financial debts170/4€0.03m€0.04m▲
Amounts payable within one year42/48€0.3m€0.4m▲
Current portion of amounts payable after more than one year42€0.01m€0.02m▲
Trade debts44€0.1m€0.08m▼
Suppliers440/4€0.1m€0.08m▼
Advances received on contracts in progress46-€0.04m
Taxes, remuneration and social security45€0.005m€0.02m▲
Taxes450/3€0.005m€0.009m▲
Remuneration and social security454/9-€0.01m
Other amounts payable47/48€0.1m€0.2m▲
Income statement Code20242025
Remuneration, social security and pensions62€0.4m€0.5m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.08m€0.1m▲
Other operating charges640/8€0.005m€0.005m▼
Gross operating margin9900€0.6m€1.1m▲
Operating profit (loss)9901€0.1m€0.5m▲
Financial income75/76B€0.005m€0.008m▲
Recurring financial income75€0.005m€0.008m▲
Financial charges65/66B€0.01m€0.02m▲
Recurring financial charges65€0.01m€0.02m▲
Profit (loss) for the period before taxes9903€0.1m€0.4m▲
Transfer from deferred taxes780-€0.001m
Transfer to deferred taxes680-€0.005m
Income taxes67/77€0.03m€0.1m▲
Profit (loss) for the period9904€0.08m€0.3m▲
Transfer from tax-exempt reserves789-€0.004m
Transfer to tax-exempt reserves689-€0.02m
Profit (loss) for the period to be appropriated9905€0.08m€0.3m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.08m€0.3m▲
Transfer from equity791/2€0.02m€0.2m▲
Transfer to equity691/2€0.08m€0.2m▲
To other reserves6921€0.08m€0.2m▲
Profit to be distributed694/7€0.02m€0.3m▲
Return on contributions (dividend)694€0.02m€0.2m▲
Directors or managers695-€0.09m
Social balance sheet
Average headcount (FTE)90877.37.9▲

The notes to these accounts have 17 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.

Line20182019202020212022202320242025Change
Non-recurring operating income76A-----€0.02m---
Remuneration, social security and pensions62---€0.4m€0.5m€0.4m€0.4m€0.5m▲ 19.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.09m€0.07m€0.06m€0.05m€0.06m€0.06m€0.08m€0.1m▲ 68.9%
Other operating charges640/8---€0.003m€0.004m€0.004m€0.005m€0.005m▼ 9.1%
Gross operating margin9900€0.6m€0.4m€0.4m€0.5m€0.7m€0.5m€0.6m€1.1m▲ 74.0%
Operating profit (loss)9901€0.1m€0.08m€0.05m€0.04m€0.09m€0.04m€0.1m€0.5m▲ 276%
Financial income75/76B---€0.003m€0.003m€0.003m€0.005m€0.008m▲ 75.6%
Recurring financial income75€0.002m€0.003m€0.002m€0.003m€0.003m€0.003m€0.005m€0.008m▲ 75.6%
Financial charges65/66B---€0.006m€0.006m€0.008m€0.01m€0.02m▲ 87.1%
Recurring financial charges65€0.01m€0.01m€0.006m€0.006m€0.006m€0.008m€0.01m€0.02m▲ 87.1%
Profit (loss) for the period before taxes9903€0.1m€0.08m€0.04m€0.03m€0.09m€0.03m€0.1m€0.4m▲ 289%
Transfer from deferred taxes780-------€0.001m-
Transfer to deferred taxes680-------€0.005m-
Income taxes67/77€0.007m€0.02m€0.02m€0.008m€0.03m€0.009m€0.03m€0.1m▲ 238%
Profit (loss) for the period9904€0.1m€0.05m€0.03m€0.03m€0.06m€0.02m€0.08m€0.3m▲ 302%
Transfer from tax-exempt reserves789-------€0.004m-
Transfer to tax-exempt reserves689-------€0.02m-
Profit (loss) for the period to be appropriated9905€0.1m€0.05m€0.08m€0.03m€0.06m€0.02m€0.08m€0.3m▲ 282%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€613,420€389,046€395,263€382,062€421,981€495,843€645,672€880,349▲ 36.3%
Fixed assets21/28€177,146€123,394€132,987€157,032€117,062€228,348€350,349€398,579▲ 13.8%
Intangible fixed assets21€2,072€1,554€1,036€518-----
Tangible fixed assets22/27€174,754€121,520€131,631€156,194€116,792€228,078€349,304€397,534▲ 13.8%
Land and buildings22---€3,083€2,055€1,028---
Plant, machinery and equipment23---€44,738€42,141€33,297€175,220€154,105▼ 12.1%
Furniture and vehicles24---€64,840€34,886€164,061€154,381€195,706▲ 26.8%
Leasing and similar rights25---€37,628€29,556€21,483€13,410€41,542▲ 210%
Other tangible fixed assets26---€5,904€8,154€8,210€6,293€6,181▼ 1.8%
Financial fixed assets28€320€320€320€320€270€270€1,045€1,045=
Current assets29/58€436,274€265,652€262,276€225,030€304,919€267,495€295,323€481,770▲ 63.1%
Stocks and contracts in progress3-€4,797€1,330€861€15,734€36,812-€2,854-
Stocks30/36---€861€15,734€36,812-€2,854-
Amounts receivable within one year40/41€153,651€219,286€123,592€102,855€209,638€170,775€206,741€320,732▲ 55.1%
Trade receivables40---€70,978€191,419€151,211€169,144€264,391▲ 56.3%
Other amounts receivable41---€31,877€18,219€19,563€37,596€56,341▲ 49.9%
Cash at bank and in hand54/58€270,994€24,475€117,050€102,667€49,772€50,897€57,796€130,836▲ 126%
Deferred charges and accrued income490/1---€18,647€29,776€9,012€30,787€27,348▼ 11.2%
Equity and liabilities
Total equity and liabilities10/49€613,420€389,046€395,263€382,062€421,981€495,843€645,672€880,349▲ 36.3%
Equity10/15€177,497€228,777€252,854€278,338€281,774€305,090€366,966€454,941▲ 24.0%
Contributions10/11€18,600€18,600-€18,600€18,600€18,600€18,600€18,600=
Reserves13€158,897€210,177€234,254€259,738€263,174€286,490€348,366€436,341▲ 25.3%
Non-distributable reserves130/1---€1,860€1,860----
Reserves not available under the articles1311---€1,860€1,860----
Tax-exempt reserves132---€18,000€18,000€18,000€18,000€35,280▲ 96.0%
Distributable reserves133---€239,878€243,314€268,490€330,366€401,061▲ 21.4%
Provisions and deferred taxes16-------€4,320-
Deferred taxes168-------€4,320-
Amounts payable17/49€435,923€160,269€142,409€103,724€140,207€190,753€278,706€421,088▲ 51.1%
Amounts payable after more than one year17€150,433€73,889€22,120€26,072€19,201€12,026€26,231€40,034▲ 52.6%
Financial debts170/4---€26,072€19,201€12,026€26,231€40,034▲ 52.6%
Amounts payable within one year42/48€285,490€86,380€120,171€77,617€121,007€178,727€252,475€381,054▲ 50.9%
Current portion of amounts payable after more than one year42---€32,417€6,872€7,175€12,601€18,641▲ 47.9%
Trade debts44€19,948€12,745€25,410€18,483€78,168€60,069€99,188€83,388▼ 15.9%
Suppliers440/4---€18,483€78,168€60,069€99,188€83,388▼ 15.9%
Advances received on contracts in progress46-------€40,000-
Taxes, remuneration and social security45---€13,586€22,736€19,505€5,099€21,019▲ 312%
Taxes450/3---€13,586€7,605€8,440€5,099€8,643▲ 69.5%
Remuneration and social security454/9----€15,131€11,066-€12,376-
Other amounts payable47/48---€13,130€13,232€91,978€135,586€218,006▲ 60.8%
Accrued charges and deferred income492/3---€35-----
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€114,334€54,504€25,677€25,484€64,008€24,982€84,331€339,230▲ 302%
+ Depreciation and write-downs630€86,609€67,927€55,747€52,245€59,044€60,325€76,114€128,553▲ 68.9%
Operating cash flow (approximation)€200,943€122,432€81,424€77,729€123,052€85,307€160,445€467,783▲ 192%
Investment in fixed assets (approximation)--€14,176-€65,340-€76,289-€19,075-€171,611-€198,115-€176,784▲ 10.8%
Change in cash--€246,519€92,575-€14,383-€52,895€1,125€6,899€73,040▲ 959%

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 25 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 19-06-2026 2026-00176123 NBB
31-12-2024 abbreviated format 24-06-2025 2025-00167871 PDF
31-12-2023 abbreviated format 21-06-2024 2024-00147539 PDF
31-12-2022 abbreviated format 22-06-2023 2023-00153484 PDF
31-12-2021 abbreviated format 23-06-2022 2022-20084992 PDF
31-12-2020 abbreviated format 25-06-2021 2021-25300376 PDF
31-12-2019 abbreviated format 25-06-2020 2020-21000409 PDF
31-12-2018 abbreviated format 25-06-2019 2019-22600228 PDF
31-12-2017 abbreviated format 21-06-2018 2018-21400185 PDF
31-12-2016 abbreviated format 22-06-2017 2017-20200491 PDF

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