JERAN
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 07-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €22,076, after a profit of €73,057 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €84,309 | €181,154 |
| Depreciation and write-downs of the year | €17,951 | €41,221 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,951 | €41,221 | ▲ 130% |
| Other operating charges640/8 | €387 | €22,288 | ▲ 58× |
| Gross operating margin9900 | €91,396 | €41,434 | ▼ 54.7% |
| Operating profit (loss)9901 | €73,057 | -€22,076 | - |
| Financial income75/76B | - | €15 | - |
| Recurring financial income75 | - | €15 | - |
| Financial charges65/66B | €47 | €115 | ▲ 143% |
| Recurring financial charges65 | €47 | €115 | ▲ 143% |
| Profit (loss) for the period before taxes9903 | €73,010 | -€22,176 | - |
| Income taxes67/77 | €19,959 | €268 | ▼ 98.7% |
| Profit (loss) for the period9904 | €58,356 | -€22,444 | - |
| Profit (loss) for the period to be appropriated9905 | €58,356 | -€22,444 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €121,999 | €243,096 | ▲ 99.3% |
| Fixed assets21/28 | €66,357 | €206,290 | ▲ 211% |
| Tangible fixed assets22/27 | €66,357 | €206,290 | ▲ 211% |
| Land and buildings22 | - | €123,941 | - |
| Plant, machinery and equipment23 | - | €2,893 | - |
| Furniture and vehicles24 | €66,357 | €79,456 | ▲ 19.7% |
| Current assets29/58 | €55,642 | €36,806 | ▼ 33.9% |
| Stocks and contracts in progress3 | €8,561 | €0 | ▼ 100% |
| Stocks30/36 | €8,561 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €18,150 | €11,717 | ▼ 35.4% |
| Trade receivables40 | €18,150 | €11,717 | ▼ 35.4% |
| Cash at bank and in hand54/58 | €28,931 | €24,298 | ▼ 16.0% |
| Deferred charges and accrued income490/1 | - | €792 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €121,999 | €243,096 | ▲ 99.3% |
| Equity10/15 | €58,456 | €30,707 | ▼ 47.5% |
| Contributions10/11 | €100 | €100 | = |
| Reserves13 | €53,051 | €53,051 | = |
| Distributable reserves133 | €53,051 | €53,051 | = |
| Profit (loss) carried forward14 | €58,356 | -€22,444 | - |
| Amounts payable17/49 | €68,848 | €212,389 | ▲ 208% |
| Amounts payable within one year42/48 | €68,848 | €209,213 | ▲ 204% |
| Trade debts44 | €54,388 | €609 | ▼ 98.9% |
| Suppliers440/4 | €54,388 | €609 | ▼ 98.9% |
| Taxes, remuneration and social security45 | €14,460 | €17,390 | ▲ 20.3% |
| Taxes450/3 | €14,460 | €16,263 | ▲ 12.5% |
| Remuneration and social security454/9 | - | €1,128 | - |
| Other amounts payable47/48 | - | €191,214 | - |
| Accrued charges and deferred income492/3 | - | €3,176 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €58,356 | -€22,444 | - |
| + Depreciation and write-downs630 | €17,951 | €41,221 | ▲ 130% |
| Operating cash flow (approximation) | €76,308 | €18,777 | ▼ 75.4% |
| Investment in fixed assets (approximation) | - | -€181,154 | - |
| Change in cash | - | -€4,633 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,271 companies had the same profile as JERAN has now. Two years later, 93.5% were still going and 4.1% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JERAN itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 1,271 companies, not a prediction for JERAN. 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.