JEFCO
ActiveSummary
JEFCO has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.8m and a net result of €1.8m, of which €1.7m non-recurring income. Equity is growing by about 27% per year across the filed financial years. Its solvency ranks better than 46% of 3,850 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · financial year 2025, full format
In the rankings
#10 company by total assets in Deinze, Professional and technical services sector#10 company by equity in Deinze, Professional and technical services sector
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00464977.
Turnover
€714,689▼ 50.2%
2024 · €1.4m
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
€1.8m▲ 29.9%
2024 · €1.4m
Working capital
-€3.0m▲ 55.7%
2024 · -€6.9m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 6.6 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.7m
2025
Operating result€1.4m
2025
Net result€1.8m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€28.2m
2025
Equity€13.8m
2025
Debt€14.0m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€3.0m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)6.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency48.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.28
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.4m-€0.4m▲ 3.7%€0.4m▼ 8.4%€0.4m▲ 11.0%€0.5m▲ 27.8%€1.1m▲ 112%€1.4m▲ 35.1%€0.7m▼ 50.2%
Operating result€0.1m-€0.2m▲ 19.5%-€0.04m€0.1m€0.2m▲ 86.7%€0.7m▲ 277%€0.2m▼ 70.5%€1.4m▲ 562%
Net result€0.1m-€0.1m▲ 17.1%-€0.05mbelow the sector's middle half€0.7mabove the sector's middle half€1.8mabove the sector's middle half▲ 161%€3.9mabove the sector's middle half▲ 109%€1.4mabove the sector's middle half▼ 65.0%€1.8mabove the sector's middle half▲ 29.9%
Equity€4.0m-€4.1m▲ 3.3%€4.1mabove the sector's middle half▼ 1.2%€4.8mabove the sector's middle half▲ 17.3%€6.6mabove the sector's middle half▲ 38.5%€10.7mabove the sector's middle half▲ 61.4%€12.1mabove the sector's middle half▲ 12.5%€13.8mabove the sector's middle half▲ 14.4%
Total assets€8.0m-€8.0m▲ 0.1%€9.3mabove the sector's middle half▲ 16.3%€9.5mabove the sector's middle half▲ 2.6%€19.5mabove the sector's middle half▲ 106%€21.8mabove the sector's middle half▲ 11.5%€27.1mabove the sector's middle half▲ 24.7%€28.2mabove the sector's middle half▲ 4.1%
Debt€3.9m-€3.8m▼ 3.3%€5.1m▲ 35.6%€4.7m▼ 9.1%€12.9m▲ 175%€11.0m▼ 14.8%€15.0m▲ 36.8%€14.0m▼ 6.7%
Working capital-€1.1m--€0.9m▲ 15.4%-€1.2mbelow the sector's middle half▼ 32.6%-€0.9mbelow the sector's middle half▲ 24.2%-€4.8mbelow the sector's middle half▼ 423%-€3.5mbelow the sector's middle half▲ 28.2%-€6.9mbelow the sector's middle half▼ 98.4%-€3.0mbelow the sector's middle half▲ 55.7%
Solvency50.4%-52.0%▲ 1.6pp44.2%within the sector's middle half▼ 7.8pp50.5%within the sector's middle half▲ 6.3pp34.0%within the sector's middle half▼ 16.5pp49.2%within the sector's middle half▲ 15.2pp44.4%within the sector's middle half▼ 4.8pp48.9%within the sector's middle half▲ 4.4pp
Current ratio0.06-0.11▲ 0.050.12below the sector's middle half▲ 0.010.08below the sector's middle half▼ 0.040.09below the sector's middle half▲ 0.010.09below the sector's middle half=0.15below the sector's middle half▲ 0.060.28below the sector's middle half▲ 0.13
Return on assets (ROA)1.4%-1.7%▲ 0.2pp-0.5%below the sector's middle half▼ 2.2pp7.4%within the sector's middle half▲ 8.0pp9.5%within the sector's middle half▲ 2.0pp17.7%above the sector's middle half▲ 8.3pp5.0%within the sector's middle half▼ 12.8pp6.2%within the sector's middle half▲ 1.2pp
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2024 Net result -65% on 2023. Part of BROUWERIJ VAN STEENBERGE received in a demerger, Official Gazette 11-04-2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28.2m
Fixed assets
€27.0m ▲ 4.3%
Current assets
€1.2m ▼ 0.8%
Equity and liabilities €28.2m
Equity
€13.8m ▲ 14.4%
Provisions
€466,970 ▲ 375%
Debt
€14.0m ▼ 6.7%
Debt's share of the balance-sheet total falls from 55.2% to 49.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.3m▲
2024 · €608,752
Cash flow
€2.7m▲
2024 · €1.8m
Debt to equity
1.01▼
2024 · 1.24
ROE
12.7%▲
2024 · 11.2%
Interest coverage
5.30▲
2024 · 1.67
Debt ≤ 1 year
€4.2m▼
2024 · €8.1m
Debt > 1 year
€8.9m▲
2024 · €6.2m
Income taxes
€4,216▲
2024 · €3,033
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €0.5m | €0.6m | €1.2m | €1.7m | €2.8m | ▲ 60.0% |
| Turnover70 | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | €1.1m | €1.4m | €0.7m | ▼ 50.2% |
| Other operating income74 | - | - | - | €0.09m | €0.09m | €0.2m | €0.3m | €0.4m | ▲ 27.6% |
| Non-recurring operating income76A | - | - | - | - | - | €0.02m | €0 | €1.7m | - |
| Operating charges60/66A | - | - | - | €0.4m | €0.4m | €0.5m | €1.5m | €1.4m | ▼ 7.6% |
| Goods for resale, raw materials and consumables60 | - | - | - | €37 | €0 | €0.006m | €0.4m | €0.03m | ▼ 93.5% |
| Purchases600/8 | - | - | - | €37 | €0 | €0.006m | €0.4m | €0.03m | ▼ 93.5% |
| Services and other goods61 | - | - | - | €0.2m | €0.2m | €0.2m | €0.7m | €0.4m | ▼ 38.4% |
| Remuneration, social security and pensions62 | - | - | - | €42 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.07m | €0.2m | €0.1m | €0.2m | €0.3m | €0.4m | €1.0m | ▲ 135% |
| Other operating charges640/8 | - | - | - | €0.06m | €0.02m | €0.01m | €0.03m | €0.02m | ▼ 12.1% |
| Operating profit (loss)9901 | €0.1m | €0.2m | -€0.04m | €0.1m | €0.2m | €0.7m | €0.2m | €1.4m | ▲ 562% |
| Financial income75/76B | - | - | - | €0.7m | €1.8m | €3.5m | €1.5m | €1.2m | ▼ 19.8% |
| Recurring financial income75 | €0.1m | €0.1m | €0.1m | €0.7m | €1.8m | €2.8m | €1.5m | €1.2m | ▼ 19.8% |
| Income from financial fixed assets750 | - | - | - | €0.7m | €1.8m | €2.8m | €1.5m | €1.2m | ▼ 20.0% |
| Other financial income752/9 | - | - | - | €0 | €0 | €0.01m | €0.01m | €0.01m | ▲ 3.4% |
| Non-recurring financial income76B | - | - | - | - | - | €0.8m | €0 | - | - |
| Financial charges65/66B | - | - | - | €0.1m | €0.08m | €0.2m | €0.4m | €0.4m | ▲ 20.2% |
| Recurring financial charges65 | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.2m | €0.4m | €0.4m | ▲ 20.2% |
| Debt charges650 | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.2m | €0.4m | €0.4m | ▲ 19.2% |
| Other financial charges652/9 | - | - | - | €0.001m | €0.001m | €0.001m | €0.002m | €0.006m | ▲ 217% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.1m | -€0.05m | €0.7m | €1.9m | €4.0m | €1.4m | €2.1m | ▲ 57.6% |
| Transfer from deferred taxes780 | - | - | - | - | - | €0.004m | €0.004m | €0.05m | ▲ 11× |
| Transfer to deferred taxes680 | - | - | - | - | - | - | - | €0.4m | - |
| Income taxes67/77 | €0.005m | €0.01m | €0.002m | €0.002m | €0.008m | €0.1m | €0.003m | €0.004m | ▲ 39.0% |
| Taxes670/3 | - | - | - | €0.002m | €0.008m | €0.1m | €0.003m | €0.004m | ▲ 39.0% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €7 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €0.1m | €0.1m | -€0.05m | €0.7m | €1.8m | €3.9m | €1.4m | €1.8m | ▲ 29.9% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | - | €0.1m | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | - | €1.2m | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.1m | -€0.05m | €0.7m | €1.8m | €3.9m | €1.4m | €0.6m | ▼ 52.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €8.0m | €8.0m | €9.3m | €9.5m | €19.5m | €21.8m | €27.1m | €28.2m | ▲ 4.1% |
| Fixed assets21/28 | €7.9m | €7.8m | €9.1m | €9.4m | €19.0m | €21.4m | €25.9m | €27.0m | ▲ 4.3% |
| Tangible fixed assets22/27 | €3.4m | €3.3m | €4.6m | €4.9m | €6.8m | €9.6m | €9.8m | €10.9m | ▲ 11.3% |
| Land and buildings22 | - | - | - | €4.9m | €6.8m | €9.2m | €9.4m | €10.6m | ▲ 12.4% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.001m | €0.04m | €0.04m | €0.03m | ▼ 10.4% |
| Furniture and vehicles24 | - | - | - | €0.005m | €0.02m | €0.2m | €0.3m | €0.2m | ▼ 17.3% |
| Other tangible fixed assets26 | - | - | - | - | - | €0.09m | €0.09m | €0.09m | = |
| Financial fixed assets28 | €4.5m | €4.5m | €4.5m | €4.5m | €12.2m | €11.9m | €16.1m | €16.1m | = |
| Affiliated companies280/1 | - | - | - | €4.5m | €12.2m | €11.9m | €16.1m | €16.1m | = |
| Participating interests280 | - | - | - | €4.5m | €12.2m | €11.9m | €16.1m | €16.1m | = |
| Current assets29/58 | €0.07m | €0.1m | €0.2m | €0.08m | €0.5m | €0.3m | €1.2m | €1.2m | ▼ 0.8% |
| Stocks and contracts in progress3 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €0.05m | €0.06m | €0.05m | €0.06m | €0.07m | €0.3m | €1.2m | €1.1m | ▼ 8.3% |
| Trade receivables40 | - | - | - | €0.06m | €0.07m | €0.3m | €1.1m | €0.9m | ▼ 19.9% |
| Other amounts receivable41 | - | - | - | - | - | €0.03m | €0.03m | €0.2m | ▲ 433% |
| Cash at bank and in hand54/58 | €0.02m | €0.06m | €0.1m | €0.03m | €0.4m | €0 | €0.05m | €0.1m | ▲ 197% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €0.003m | €0.007m | €0.005m | ▼ 34.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €8.0m | €8.0m | €9.3m | €9.5m | €19.5m | €21.8m | €27.1m | €28.2m | ▲ 4.1% |
| Equity10/15 | €4.0m | €4.1m | €4.1m | €4.8m | €6.6m | €10.7m | €12.1m | €13.8m | ▲ 14.4% |
| Contributions10/11 | €0.9m | €0.9m | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €1.1m | ▲ 477× |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €15 | €15 | €15 | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Other1319 | - | - | - | - | - | €15 | €15 | €15 | = |
| Tax-exempt reserves132 | - | - | - | - | - | €20 | €20 | €1.1m | ▲ 54,689× |
| Distributable reserves133 | - | - | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €3.1m | €3.3m | €3.2m | €3.9m | €5.8m | €9.6m | €11.0m | €11.6m | ▲ 5.8% |
| Investment grants15 | - | - | - | - | - | €0.2m | €0.2m | €0.2m | ▼ 6.6% |
| Provisions and deferred taxes16 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.1m | €0.1m | €0.5m | ▲ 375% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Pensions and similar obligations160 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Deferred taxes168 | - | - | - | - | - | €0.07m | €0.07m | €0.4m | ▲ 550% |
| Amounts payable17/49 | €3.9m | €3.8m | €5.1m | €4.7m | €12.9m | €11.0m | €15.0m | €14.0m | ▼ 6.7% |
| Amounts payable after more than one year17 | €2.5m | €2.4m | €3.3m | €3.2m | €7.0m | €6.5m | €6.2m | €8.9m | ▲ 43.7% |
| Financial debts170/4 | - | - | - | €3.2m | €7.0m | €6.5m | €6.2m | €8.9m | ▲ 43.7% |
| Credit institutions173 | - | - | - | €2.1m | €5.9m | €5.4m | €4.8m | €7.4m | ▲ 54.4% |
| Other loans174 | - | - | - | €1.1m | €1.1m | €1.1m | €1.4m | €1.5m | ▲ 7.1% |
| Amounts payable within one year42/48 | €1.2m | €1.0m | €1.4m | €1.0m | €5.3m | €3.8m | €8.1m | €4.2m | ▼ 47.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.6m | €0.6m | €0.6m | €0.8m | ▲ 28.9% |
| Financial debts43 | - | - | - | - | - | - | €4.0m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | - | - | €4.0m | €0 | ▼ 100% |
| Trade debts44 | €0.001m | €0.01m | €0.007m | €0 | €0.1m | €0.3m | €0.7m | €0.2m | ▼ 63.9% |
| Suppliers440/4 | - | - | - | €0 | €0.1m | €0.3m | €0.7m | €0.2m | ▼ 63.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.04m | €0.2m | €0.2m | €0.09m | ▼ 49.2% |
| Taxes450/3 | - | - | - | €0.02m | €0.04m | €0.2m | €0.2m | €0.09m | ▼ 49.2% |
| Remuneration and social security454/9 | - | - | - | €0.003m | €0 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.8m | €4.5m | €2.6m | €2.6m | €3.1m | ▲ 19.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.5m | €0.5m | €0.6m | €0.7m | €0.8m | ▲ 14.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.1m | -€0.05m | €0.7m | €1.8m | €3.9m | €1.4m | €1.8m | ▲ 29.9% |
| + Depreciation and write-downs630 | €0.09m | €0.07m | €0.2m | €0.1m | €0.2m | €0.3m | €0.4m | €1.0m | ▲ 135% |
| Operating cash flow (approximation) | €0.2m | €0.2m | €0.2m | €0.8m | €2.0m | €4.1m | €1.8m | €2.7m | ▲ 54.2% |
| Investment in fixed assets (approximation) | - | -€0.03m | -€1.5m | -€0.4m | -€9.8m | -€2.7m | -€4.9m | -€2.1m | ▲ 57.9% |
| Change in cash | - | €0.04m | €0.06m | -€0.1m | €0.4m | -€0.4m | €0.05m | €0.09m | ▲ 97.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 31-08-2026 | 2026-00464977 |
| 31-12-2024 | full format | 17-11-2025 | 2025-00566951 |
| 31-12-2023 | full format | 14-10-2024 | 2024-00506519 |
| 31-12-2022 | full format | 31-08-2023 | 2023-00398191 |
| 31-12-2021 | full format | 26-09-2022 | 2022-20435212 |
| 31-12-2020 | full format | 30-08-2021 | 2021-63900097 |
| 31-12-2019 | full format | 02-09-2020 | 2020-50800237 |
| 31-12-2018 | full format | 01-08-2019 | 2019-43800260 |
| 31-12-2017 | full format | 08-08-2018 | 2018-44300389 |
| 31-12-2016 | full format | 11-08-2017 | 2017-43000285 |
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Of the 82,448 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,254. 5,441 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 5 entries · €302,618 awarded · €302,618 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €0 | €30,000 |
| 2024 | 1 | €2,055 | €2,055 |
| 2023 | 1 | €0 | €270,000 |
| 2022 | 2 | €300,563 | €563 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.