Jerolook
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 22-12-2025 PDF all 16 filings
Turnover
€157,570
EBIT margin
17.4%
Net result
€48,520▼ 7.0%
2024 · €52,144
Working capital
-€65,468
2024 · €22,032
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
no figure
2025
20192025
Operating result
€81,364
▼ 1.2%
2025
20192025
Net result
€48,520
▼ 7.0%
2025
highest quarter of the sector
20192025
EBIT margin
no figure
2025
20192025
Equity
€269,918
▲ 5.3%
2025
highest quarter of the sector
20192025
Total assets
€779,327
▲ 13.6%
2025
highest quarter of the sector
20192025
Debt
€509,408
▲ 18.6%
2025
20192025
Working capital
-€65,468
2025
lowest quarter of the sector
20192025
Solvency
34.6%
▼ 2.7pp
2025
middle half of the sector
20192025
Current ratio
0.63
▼ 0.56
2025
middle half of the sector
20192025
Return on assets (ROA)
6.2%
▼ 1.4pp
2025
middle half of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€157,570-
Operating result€27,362-€48,508▲ 77.3%€27,159▼ 44.0%€57,800▲ 113%€19,290▼ 66.6%€82,352▲ 327%€81,364▼ 1.2%
Net result€18,619-€33,307above the sector's middle half▲ 78.9%€19,591within the sector's middle half▼ 41.2%€41,219above the sector's middle half▲ 110%€10,980within the sector's middle half▼ 73.4%€52,144above the sector's middle half▲ 375%€48,520above the sector's middle half▼ 7.0%
EBIT margin17.4%-
Equity€99,158-€132,465within the sector's middle half▲ 33.6%€152,056within the sector's middle half▲ 14.8%€193,275within the sector's middle half▲ 27.1%€204,254within the sector's middle half▲ 5.7%€256,399above the sector's middle half▲ 25.5%€269,918above the sector's middle half▲ 5.3%
Total assets€273,602-€294,803within the sector's middle half▲ 7.7%€345,490within the sector's middle half▲ 17.2%€411,213within the sector's middle half▲ 19.0%€717,632above the sector's middle half▲ 74.5%€685,931within the sector's middle half▼ 4.4%€779,327above the sector's middle half▲ 13.6%
Debt€174,444-€162,338▼ 6.9%€193,434▲ 19.2%€217,939▲ 12.7%€513,377▲ 136%€429,532▼ 16.3%€509,408▲ 18.6%
Working capital€53,418-€68,322within the sector's middle half▲ 27.9%€56,563within the sector's middle half▼ 17.2%€84,699within the sector's middle half▲ 49.7%-€12,199within the sector's middle half€22,032within the sector's middle half-€65,468below the sector's middle half
Solvency36.2%-44.9%within the sector's middle half▲ 8.7pp44.0%within the sector's middle half▼ 0.9pp47.0%within the sector's middle half▲ 3.0pp28.5%within the sector's middle half▼ 18.5pp37.4%within the sector's middle half▲ 8.9pp34.6%within the sector's middle half▼ 2.7pp
Current ratio1.85-2.21within the sector's middle half▲ 0.362.04within the sector's middle half▼ 0.172.09within the sector's middle half▲ 0.050.92within the sector's middle half▼ 1.171.20within the sector's middle half▲ 0.270.63within the sector's middle half▼ 0.56
Return on assets (ROA)6.8%-11.3%above the sector's middle half▲ 4.5pp5.7%within the sector's middle half▼ 5.6pp10.0%above the sector's middle half▲ 4.4pp1.5%within the sector's middle half▼ 8.5pp7.6%within the sector's middle half▲ 6.1pp6.2%within the sector's middle half▼ 1.4pp
Staff (FTE)1-1within the sector's middle half=1=1=1=1=
above
within
below
The sector band is the middle half of the companies in Crop and animal production, hunting and related service activities (NACE 01). 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 operating result for 2025 is 1% lower than in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €779,327
Fixed assets
€666,458 ▲ 20.8%
Current assets
€112,869 ▼ 15.9%
Equity and liabilities €779,327
Equity
€269,918 ▲ 5.3%
Debt
€509,408 ▲ 18.6%
Debt's share of the balance-sheet total rises from 62.6% to 65.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€111,487▼
2024 · €116,678
Cash flow
€78,642▼
2024 · €86,470
Quick ratio
0.10▼
2024 · 0.39
Debt to equity
1.89▲
2024 · 1.68
ROE
18.0%▼
2024 · 20.3%
Interest coverage
8.15▼
2024 · 8.54
Debt ≤ 1 year
€178,336▲
2024 · €112,109
Debt > 1 year
€330,115▲
2024 · €317,423
Income taxes
€19,414▲
2024 · €16,723
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 |
Source: social balance sheet in the 2022 to 2024 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €50,239 | €359,783 | €14,050 | €151,257 |
| Depreciation and write-downs of the year | €36,029 | €36,714 | €34,326 | €30,123 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 to 2025 · 3 entries · €2,627 awarded · €2,627 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €2,087 | €2,087 |
| 2024 | 1 | €540 | €540 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €157,570 | - | - | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €47,589 | €42,442 | €48,742 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,369 | €29,422 | €36,387 | €36,029 | €36,714 | €34,326 | €30,123 | ▼ 12.2% |
| Other operating charges640/8 | - | - | - | €5,748 | €50,090 | €850 | €3,832 | ▲ 351% |
| Gross operating margin9900 | €109,150 | €136,054 | €123,553 | €147,166 | €148,535 | €166,269 | €115,319 | ▼ 30.6% |
| Operating profit (loss)9901 | €27,362 | €48,508 | €27,159 | €57,800 | €19,290 | €82,352 | €81,364 | ▼ 1.2% |
| Financial income75/76B | - | - | - | €104 | €527 | €174 | €253 | ▲ 45.3% |
| Recurring financial income75 | - | - | €91 | €104 | €527 | €174 | €253 | ▲ 45.3% |
| Financial charges65/66B | - | - | - | €3,657 | €5,120 | €13,659 | €13,684 | ▲ 0.2% |
| Recurring financial charges65 | €3,788 | €3,529 | €3,530 | €3,657 | €5,120 | €13,659 | €13,684 | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | €23,574 | €44,980 | €23,720 | €54,247 | €14,697 | €68,867 | €67,933 | ▼ 1.4% |
| Income taxes67/77 | €4,955 | €11,673 | €4,129 | €13,029 | €3,717 | €16,723 | €19,414 | ▲ 16.1% |
| Profit (loss) for the period9904 | €18,619 | €33,307 | €19,591 | €41,219 | €10,980 | €52,144 | €48,520 | ▼ 7.0% |
| Profit (loss) for the period to be appropriated9905 | €18,619 | €33,307 | €19,591 | €41,219 | €10,980 | €52,144 | €48,520 | ▼ 7.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €273,602 | €294,803 | €345,490 | €411,213 | €717,632 | €685,931 | €779,327 | ▲ 13.6% |
| Fixed assets21/28 | €157,692 | €170,091 | €234,787 | €248,996 | €572,065 | €551,790 | €666,458 | ▲ 20.8% |
| Tangible fixed assets22/27 | €157,692 | €170,091 | €234,787 | €248,996 | €572,065 | €551,790 | €666,458 | ▲ 20.8% |
| Land and buildings22 | - | - | - | €119,639 | €459,639 | €459,639 | €459,639 | = |
| Plant, machinery and equipment23 | - | - | - | €17,356 | €25,608 | €31,595 | €47,852 | ▲ 51.5% |
| Furniture and vehicles24 | - | - | - | €51,758 | €35,309 | €18,860 | €106,426 | ▲ 464% |
| Other tangible fixed assets26 | - | - | - | €60,244 | €51,509 | €41,695 | €52,541 | ▲ 26.0% |
| Current assets29/58 | €115,910 | €124,712 | €110,703 | €162,217 | €145,566 | €134,142 | €112,869 | ▼ 15.9% |
| Stocks and contracts in progress3 | €75,000 | €81,250 | €96,250 | €98,000 | €105,300 | €90,750 | €95,590 | ▲ 5.3% |
| Stocks30/36 | - | - | - | €98,000 | €105,300 | €90,750 | €95,590 | ▲ 5.3% |
| Amounts receivable within one year40/41 | €29,726 | €8,066 | €2,670 | €2,779 | €7,955 | €3,443 | €401 | ▼ 88.4% |
| Trade receivables40 | - | - | - | €2,779 | €7,955 | €3,443 | - | - |
| Other amounts receivable41 | - | - | - | - | - | - | €401 | - |
| Cash at bank and in hand54/58 | €11,184 | €35,396 | €11,784 | €61,438 | €29,553 | €36,655 | €15,191 | ▼ 58.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,758 | €3,294 | €1,687 | ▼ 48.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €273,602 | €294,803 | €345,490 | €411,213 | €717,632 | €685,931 | €779,327 | ▲ 13.6% |
| Equity10/15 | €99,158 | €132,465 | €152,056 | €193,275 | €204,254 | €256,399 | €269,918 | ▲ 5.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | €18,600 | €18,600 | = |
| Share premium1100/10 | - | - | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €36,860 | €51,860 | €76,860 | €76,860 | €101,860 | €114,860 | ▲ 12.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €75,000 | €75,000 | €100,000 | €113,000 | ▲ 13.0% |
| Profit (loss) carried forward14 | €78,698 | €77,005 | €81,596 | €97,815 | €108,794 | €135,939 | €136,458 | ▲ 0.4% |
| Amounts payable17/49 | €174,444 | €162,338 | €193,434 | €217,939 | €513,377 | €429,532 | €509,408 | ▲ 18.6% |
| Amounts payable after more than one year17 | €89,848 | €103,040 | €128,199 | €135,240 | €355,265 | €317,423 | €330,115 | ▲ 4.0% |
| Financial debts170/4 | - | - | - | €135,240 | €355,265 | €317,423 | €330,115 | ▲ 4.0% |
| Amounts payable within one year42/48 | €62,492 | €56,391 | €54,140 | €77,518 | €157,765 | €112,109 | €178,336 | ▲ 59.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €48,134 | €17,099 | €28,167 | ▲ 64.7% |
| Financial debts43 | - | - | - | €31,377 | - | €28,244 | €22,856 | ▼ 19.1% |
| Credit institutions430/8 | - | - | - | €31,377 | - | €28,244 | €22,856 | ▼ 19.1% |
| Trade debts44 | €8,428 | €3,892 | €6,778 | €8,805 | €23,210 | €6,431 | €8,163 | ▲ 26.9% |
| Suppliers440/4 | - | - | - | €8,805 | €23,210 | €6,431 | €8,163 | ▲ 26.9% |
| Taxes, remuneration and social security45 | - | - | - | €16,957 | €15,374 | €24,942 | €19,173 | ▼ 23.1% |
| Taxes450/3 | - | - | - | €8,259 | €3,040 | €18,558 | €18,173 | ▼ 2.1% |
| Remuneration and social security454/9 | - | - | - | €8,699 | €12,334 | €6,384 | €1,000 | ▼ 84.3% |
| Other amounts payable47/48 | - | - | - | €20,378 | €71,047 | €35,395 | €99,978 | ▲ 182% |
| Accrued charges and deferred income492/3 | - | - | - | €5,181 | €347 | - | €957 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,619 | €33,307 | €19,591 | €41,219 | €10,980 | €52,144 | €48,520 | ▼ 7.0% |
| + Depreciation and write-downs630 | €40,369 | €29,422 | €36,387 | €36,029 | €36,714 | €34,326 | €30,123 | ▼ 12.2% |
| Operating cash flow (approximation) | €58,988 | €62,729 | €55,978 | €77,248 | €47,693 | €86,470 | €78,642 | ▼ 9.1% |
| Investment in fixed assets (approximation) | - | -€41,820 | -€101,083 | -€50,239 | -€359,783 | -€14,050 | -€144,791 | ▼ 931% |
| Change in cash | - | €24,212 | -€23,613 | €49,654 | -€31,885 | €7,102 | -€21,464 | - |
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, 17,811 companies had the same profile as Jerolook has now. Two years later, 96.5% were still going and 0.3% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.5%
was still going
3.1%
stopped otherwise
0.3%
went bankrupt
That fits the bankruptcy probability of Jerolook itself: 0.1% 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 17,811 companies, not a prediction for Jerolook. 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.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 22-12-2025 | 2025-00587656 | |
| 30-06-2024 | micro format | 20-12-2024 | 2024-00621965 | |
| 30-06-2023 | micro format | 22-12-2023 | 2023-00535778 | |
| 30-06-2022 | micro format | 22-12-2022 | 2022-20543810 | |
| 30-06-2021 | micro format | 20-12-2021 | 2021-80700581 | |
| 30-06-2020 | micro format | 21-12-2020 | 2020-76400218 | |
| 30-06-2019 | micro format | 23-12-2019 | 2019-77100450 | |
| 30-06-2018 | abbreviated format | 21-12-2018 | 2018-75300330 | |
| 30-06-2017 | abbreviated format | 21-12-2017 | 2017-72600266 | |
| 30-06-2016 | abbreviated format | 22-12-2016 | 2016-71300150 |