JESSCOM
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 22-05-2026 PDF all 17 filings
Turnover
≈ €73,000
Estimated: probably between €53,000 and €99,000
EBIT margin
Not included in this filing
Net result
€4,838▼ 28.5%
2024 · €6,769
Working capital
€73,388▲ 18.2%
2024 · €62,072
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€8,625
▼ 23.8%
2025
20182025
Net result
€4,838
▼ 28.5%
2025
lowest quarter of the sector
20182025
Equity
€101,687
▲ 0.8%
2025
middle half of the sector
20182025
Total assets
€126,605
▼ 3.9%
2025
lowest quarter of the sector
20182025
Debt
€24,918
▼ 19.3%
2025
20182025
Working capital
€73,388
▲ 18.2%
2025
middle half of the sector
20182025
Solvency
80.3%
▲ 3.8pp
2025
highest quarter of the sector
20182025
Current ratio
4.52
▲ 0.41
2025
highest quarter of the sector
20182025
Return on assets (ROA)
3.8%
▼ 1.3pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€1,715-€31,869▲ 19×€37,955▲ 19.1%€21,251▼ 44.0%€17,755▼ 16.5%€13,670▼ 23.0%€11,325▼ 17.2%€8,625▼ 23.8%
Net result-€347-€23,087€28,522within the sector's middle half▲ 23.5%€14,515within the sector's middle half▼ 49.1%€11,595below the sector's middle half▼ 20.1%€8,578below the sector's middle half▼ 26.0%€6,769below the sector's middle half▼ 21.1%€4,838below the sector's middle half▼ 28.5%
Equity€48,497-€71,584▲ 47.6%€100,106within the sector's middle half▲ 39.8%€114,621within the sector's middle half▲ 14.5%€106,216within the sector's middle half▼ 7.3%€99,080within the sector's middle half▼ 6.7%€100,849within the sector's middle half▲ 1.8%€101,687within the sector's middle half▲ 0.8%
Total assets€61,248-€134,352▲ 119%€169,606below the sector's middle half▲ 26.2%€165,062below the sector's middle half▼ 2.7%€159,609below the sector's middle half▼ 3.3%€127,109below the sector's middle half▼ 20.4%€131,743below the sector's middle half▲ 3.6%€126,605below the sector's middle half▼ 3.9%
Debt€12,751-€62,768▲ 392%€69,501▲ 10.7%€50,441▼ 27.4%€53,392▲ 5.9%€28,029▼ 47.5%€30,894▲ 10.2%€24,918▼ 19.3%
Working capital€35,480-€45,757▲ 29.0%€58,905within the sector's middle half▲ 28.7%€68,801within the sector's middle half▲ 16.8%€48,105within the sector's middle half▼ 30.1%€53,233within the sector's middle half▲ 10.7%€62,072within the sector's middle half▲ 16.6%€73,388within the sector's middle half▲ 18.2%
Solvency79.2%-53.3%▼ 25.9pp59.0%within the sector's middle half▲ 5.7pp69.4%above the sector's middle half▲ 10.4pp66.5%above the sector's middle half▼ 2.9pp77.9%above the sector's middle half▲ 11.4pp76.6%above the sector's middle half▼ 1.4pp80.3%above the sector's middle half▲ 3.8pp
Current ratio4.10-2.82▼ 1.282.89above the sector's middle half▲ 0.073.35above the sector's middle half▲ 0.461.97within the sector's middle half▼ 1.382.92above the sector's middle half▲ 0.954.11above the sector's middle half▲ 1.194.52above the sector's middle half▲ 0.41
Return on assets (ROA)-0.6%-17.2%▲ 17.8pp16.8%above the sector's middle half▼ 0.4pp8.8%within the sector's middle half▼ 8.0pp7.3%within the sector's middle half▼ 1.5pp6.7%within the sector's middle half▼ 0.5pp5.1%within the sector's middle half▼ 1.6pp3.8%below the sector's middle half▼ 1.3pp
above
within
below
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). 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 24% lower than in 2024 and the lowest since 2021. It is the fourth fall in a row.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €126,605
Fixed assets
€32,371 ▼ 34.9%
Current assets
€94,234 ▲ 14.9%
Equity and liabilities €126,605
Equity
€101,687 ▲ 0.8%
Debt
€24,918 ▼ 19.3%
Debt's share of the balance-sheet total falls from 23.4% to 19.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26,870▼
2024 · €29,715
Cash flow
€23,083▼
2024 · €25,158
Debt to equity
0.25▼
2024 · 0.31
ROE
4.8%▼
2024 · 6.7%
Interest coverage
28.20▼
2024 · 30.01
Debt ≤ 1 year
€20,846▲
2024 · €19,975
Debt > 1 year
€4,072▼
2024 · €10,844
Income taxes
€3,078▼
2024 · €3,864
Supplier credit
1 day▼
2024 · 2 days
Staff costs
€1,693▼
2024 · €1,734
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €989 | €9,562 | - | €21,917 | €920 |
| Depreciation and write-downs of the year | €13,562 | €14,760 | €15,557 | €18,390 | €18,245 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €72,612 | €74,656 | €74,844 | €78,149 | €83,879 | ▲ 7.3% |
| Remuneration, social security and pensions62 | - | - | - | €1,700 | €1,748 | €1,755 | €1,734 | €1,693 | ▼ 2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,564 | €13,736 | €10,506 | €13,562 | €14,760 | €15,557 | €18,390 | €18,245 | ▼ 0.8% |
| Other operating charges640/8 | - | - | - | €1,147 | €896 | €992 | €1,063 | €1,196 | ▲ 12.5% |
| Gross operating margin9900 | €13,983 | €48,073 | €51,492 | €37,661 | €35,159 | €31,974 | €32,512 | €29,758 | ▼ 8.5% |
| Operating profit (loss)9901 | €1,715 | €31,869 | €37,955 | €21,251 | €17,755 | €13,670 | €11,325 | €8,625 | ▼ 23.8% |
| Financial income75/76B | - | - | - | €7 | €3 | €14 | €298 | €243 | ▼ 18.3% |
| Recurring financial income75 | €1 | €6 | €3 | €7 | €3 | €14 | €298 | €243 | ▼ 18.3% |
| Financial charges65/66B | - | - | - | €1,268 | €981 | €833 | €990 | €953 | ▼ 3.8% |
| Recurring financial charges65 | €716 | €1,078 | €1,136 | €1,268 | €981 | €833 | €990 | €953 | ▼ 3.8% |
| Profit (loss) for the period before taxes9903 | €999 | €30,796 | €36,821 | €19,990 | €16,777 | €12,852 | €10,633 | €7,916 | ▼ 25.6% |
| Income taxes67/77 | €1,346 | €7,710 | €8,299 | €5,475 | €5,182 | €4,274 | €3,864 | €3,078 | ▼ 20.4% |
| Profit (loss) for the period9904 | -€347 | €23,087 | €28,522 | €14,515 | €11,595 | €8,578 | €6,769 | €4,838 | ▼ 28.5% |
| Profit (loss) for the period to be appropriated9905 | -€347 | €23,087 | €28,522 | €14,515 | €11,595 | €8,578 | €6,769 | €4,838 | ▼ 28.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €61,248 | €134,352 | €169,606 | €165,062 | €159,609 | €127,109 | €131,743 | €126,605 | ▼ 3.9% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €14,325 | €63,456 | €79,497 | €66,923 | €61,725 | €46,168 | €49,695 | €32,371 | ▼ 34.9% |
| Intangible fixed assets21 | €0 | €56,293 | €49,720 | €43,147 | €36,573 | €30,000 | €24,000 | €18,000 | ▼ 25.0% |
| Tangible fixed assets22/27 | €14,325 | €7,163 | €29,777 | €23,777 | €25,152 | €16,168 | €25,695 | €14,371 | ▼ 44.1% |
| Plant, machinery and equipment23 | - | - | - | €0 | €2,749 | €2,127 | €1,504 | €882 | ▼ 41.4% |
| Furniture and vehicles24 | - | - | - | €23,777 | €22,403 | €14,041 | €24,191 | €13,489 | ▼ 44.2% |
| Current assets29/58 | €46,923 | €70,896 | €90,110 | €98,138 | €97,884 | €80,942 | €82,047 | €94,234 | ▲ 14.9% |
| Amounts receivable within one year40/41 | €10,008 | €17,854 | €18,808 | €17,341 | €17,607 | €19,929 | €18,850 | €17,866 | ▼ 5.2% |
| Trade receivables40 | - | - | - | €15,978 | €15,426 | €19,929 | €17,645 | €16,400 | ▼ 7.1% |
| Other amounts receivable41 | - | - | - | €1,362 | €2,180 | €0 | €1,205 | €1,466 | ▲ 21.7% |
| Current investments50/53 | - | - | - | - | - | - | €0 | €0 | - |
| Cash at bank and in hand54/58 | €36,542 | €52,661 | €70,440 | €80,288 | €79,730 | €60,318 | €62,488 | €75,671 | ▲ 21.1% |
| Deferred charges and accrued income490/1 | - | - | - | €510 | €547 | €695 | €709 | €698 | ▼ 1.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €61,248 | €134,352 | €169,606 | €165,062 | €159,609 | €127,109 | €131,743 | €126,605 | ▼ 3.9% |
| Equity10/15 | €48,497 | €71,584 | €100,106 | €114,621 | €106,216 | €99,080 | €100,849 | €101,687 | ▲ 0.8% |
| Contributions10/11 | €16,100 | €16,100 | €16,100 | €16,100 | €16,100 | €16,100 | €16,100 | €16,100 | = |
| Capital10 | - | - | - | €16,100 | €16,100 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | - | - | - | €2,500 | €2,500 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €30,537 | €53,624 | €82,146 | €96,661 | €88,256 | €81,120 | €82,889 | €83,727 | ▲ 1.0% |
| Amounts payable17/49 | €12,751 | €62,768 | €69,501 | €50,441 | €53,392 | €28,029 | €30,894 | €24,918 | ▼ 19.3% |
| Amounts payable after more than one year17 | €1,308 | €37,629 | €38,296 | €21,104 | €3,613 | €0 | €10,844 | €4,072 | ▼ 62.4% |
| Financial debts170/4 | - | - | - | €21,104 | €3,613 | €0 | €10,844 | €4,072 | ▼ 62.4% |
| Amounts payable within one year42/48 | €11,443 | €25,139 | €31,204 | €29,337 | €49,779 | €27,709 | €19,975 | €20,846 | ▲ 4.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €17,193 | €17,490 | €3,613 | €6,515 | €6,771 | ▲ 3.9% |
| Trade debts44 | €2,891 | €1,172 | €655 | €350 | €966 | €310 | €462 | €222 | ▼ 52.0% |
| Suppliers440/4 | - | - | - | €350 | €966 | €310 | €462 | €222 | ▼ 52.0% |
| Taxes, remuneration and social security45 | - | - | - | €8,556 | €8,537 | €8,262 | €7,903 | €9,853 | ▲ 24.7% |
| Taxes450/3 | - | - | - | €8,556 | €8,537 | €8,262 | €7,903 | €9,853 | ▲ 24.7% |
| Other amounts payable47/48 | - | - | - | €3,238 | €22,786 | €15,524 | €5,095 | €4,000 | ▼ 21.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €320 | €75 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€347 | €23,087 | €28,522 | €14,515 | €11,595 | €8,578 | €6,769 | €4,838 | ▼ 28.5% |
| + Depreciation and write-downs630 | €10,564 | €13,736 | €10,506 | €13,562 | €14,760 | €15,557 | €18,390 | €18,245 | ▼ 0.8% |
| Operating cash flow (approximation) | €10,217 | €36,823 | €39,028 | €28,078 | €26,356 | €24,136 | €25,158 | €23,083 | ▼ 8.3% |
| Investment in fixed assets (approximation) | - | -€62,867 | -€26,547 | -€989 | -€9,562 | €0 | -€21,917 | -€920 | ▲ 95.8% |
| Change in cash | - | €16,119 | €17,779 | €9,848 | -€558 | -€19,412 | €2,170 | €13,183 | ▲ 508% |
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, 10,904 companies had the same profile as JESSCOM has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.1%
was still going
4.0%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of JESSCOM 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 10,904 companies, not a prediction for JESSCOM. 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 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 22-05-2026 | 2026-00117797 | |
| 31-12-2024 | full format | 30-05-2025 | 2025-00111197 | |
| 31-12-2023 | full format | 06-05-2024 | 2024-00082183 | |
| 31-12-2022 | full format | 01-08-2023 | 2023-00300487 | |
| 31-12-2021 | full format | 03-08-2022 | 2022-20265796 | |
| 31-12-2020 | full format | 26-05-2021 | 2021-15100258 | |
| 31-12-2019 | full format | 10-06-2020 | 2020-15600081 | |
| 31-12-2018 | full format | 08-08-2019 | 2019-44400316 | |
| 31-12-2017 | full format | 03-08-2018 | 2018-42600311 | |
| 31-12-2016 | full format | 29-05-2017 | 2017-13000287 |