JHP SERVICES
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-10-2025 PDF all 16 filings
Turnover
≈ €70,000
Estimated: probably between €38,000 and €180,000
Total assets
€288,502▲ 0.9%
2024 · €286,070
Net result
€13,672▲ 14×
2024 · €1,008
Working capital
€61,982▼ 14.2%
2024 · €72,276
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€6,474
▲ 14.9%
2025
20192025
Net result
€13,672
▲ 14×
2025
middle half of the sector
20192025
Equity
€229,760
▲ 6.3%
2025
middle half of the sector
20192025
Total assets
€288,502
▲ 0.9%
2025
middle half of the sector
20192025
Debt
€58,742
▼ 16.1%
2025
20192025
Working capital
€61,982
▼ 14.2%
2025
middle half of the sector
20192025
Solvency
79.6%
▲ 4.1pp
2025
highest quarter of the sector
20192025
Current ratio
2.82
▼ 0.62
2025
highest quarter of the sector
20192025
Return on assets (ROA)
4.7%
▲ 4.4pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€48,113-€36,802▼ 23.5%€8,500▼ 76.9%-€43,730€5,236€5,633▲ 7.6%€6,474▲ 14.9%
Net result€32,321-€18,550within the sector's middle half▼ 42.6%€370within the sector's middle half▼ 98.0%-€51,351below the sector's middle half€132within the sector's middle half€1,008within the sector's middle half▲ 663%€13,672within the sector's middle half▲ 14×
Equity€247,380-€265,930within the sector's middle half▲ 7.5%€266,300within the sector's middle half▲ 0.1%€214,949within the sector's middle half▼ 19.3%€215,081within the sector's middle half▲ 0.1%€216,089within the sector's middle half▲ 0.5%€229,760within the sector's middle half▲ 6.3%
Total assets€427,469-€417,765within the sector's middle half▼ 2.3%€387,527within the sector's middle half▼ 7.2%€316,397within the sector's middle half▼ 18.4%€294,301within the sector's middle half▼ 7.0%€286,070within the sector's middle half▼ 2.8%€288,502within the sector's middle half▲ 0.9%
Debt€180,088-€151,834▼ 15.7%€121,227▼ 20.2%€101,448▼ 16.3%€79,220▼ 21.9%€69,982▼ 11.7%€58,742▼ 16.1%
Working capital€155,885-€161,736above the sector's middle half▲ 3.8%€153,217above the sector's middle half▼ 5.3%€89,930within the sector's middle half▼ 41.3%€81,698within the sector's middle half▼ 9.2%€72,276within the sector's middle half▼ 11.5%€61,982within the sector's middle half▼ 14.2%
Solvency57.9%-63.7%above the sector's middle half▲ 5.8pp68.7%above the sector's middle half▲ 5.1pp67.9%above the sector's middle half▼ 0.8pp73.1%above the sector's middle half▲ 5.1pp75.5%above the sector's middle half▲ 2.5pp79.6%above the sector's middle half▲ 4.1pp
Current ratio3.58-4.37above the sector's middle half▲ 0.795.63above the sector's middle half▲ 1.274.03above the sector's middle half▼ 1.604.53above the sector's middle half▲ 0.503.44above the sector's middle half▼ 1.092.82above the sector's middle half▼ 0.62
Return on assets (ROA)7.6%-4.4%within the sector's middle half▼ 3.1pp0.1%within the sector's middle half▼ 4.3pp-16.2%below the sector's middle half▼ 16.3pp0.0%within the sector's middle half▲ 16.3pp0.4%within the sector's middle half▲ 0.3pp4.7%within the sector's middle half▲ 4.4pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). 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 15% higher than in 2024. It is the third rise in a row, after the fall in 2022.
Turnover and EBIT margin are not published. The micro 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 €288,502
Fixed assets
€192,512 ▲ 4.5%
Current assets
€95,990 ▼ 5.8%
Equity and liabilities €288,502
Equity
€229,760 ▲ 6.3%
Debt
€58,742 ▼ 16.1%
Debt's share of the balance-sheet total falls from 24.5% to 20.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,861▲
2024 · €12,754
Cash flow
€23,058▲
2024 · €8,128
Debt to equity
0.26▼
2024 · 0.32
ROE
6.0%▲
2024 · 0.5%
Interest coverage
1.94▼
2024 · 2.88
Debt ≤ 1 year
€34,008▲
2024 · €29,576
Debt > 1 year
€24,734▼
2024 · €40,406
Income taxes
€175▼
2024 · €200
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €3,205 | - | €1,878 | €17,680 |
| Depreciation and write-downs of the year | €7,672 | €7,308 | €7,120 | €9,387 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €248 awarded · €248 paidAnnual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7,908 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,268 | €10,872 | €9,947 | €7,672 | €7,308 | €7,120 | €9,387 | ▲ 31.8% |
| Other operating charges640/8 | - | - | - | €11,420 | €960 | €2,305 | €2,254 | ▼ 2.2% |
| Gross operating margin9900 | €63,413 | €51,880 | €24,540 | -€24,638 | €13,504 | €15,059 | €18,116 | ▲ 20.3% |
| Operating profit (loss)9901 | €48,113 | €36,802 | €8,500 | -€43,730 | €5,236 | €5,633 | €6,474 | ▲ 14.9% |
| Financial income75/76B | - | - | - | - | €337 | €10 | €15,534 | ▲ 1,583× |
| Recurring financial income75 | €24 | €1 | €390 | - | €337 | €10 | €15,534 | ▲ 1,583× |
| Financial charges65/66B | - | - | - | €7,404 | €5,227 | €4,435 | €8,161 | ▲ 84.0% |
| Recurring financial charges65 | €7,423 | €6,944 | €5,632 | €7,404 | €5,227 | €4,435 | €8,161 | ▲ 84.0% |
| Profit (loss) for the period before taxes9903 | €40,714 | €29,858 | €3,258 | -€51,133 | €346 | €1,208 | €13,847 | ▲ 11× |
| Income taxes67/77 | €8,393 | €11,308 | €2,888 | €218 | €214 | €200 | €175 | ▼ 12.4% |
| Profit (loss) for the period9904 | €32,321 | €18,550 | €370 | -€51,351 | €132 | €1,008 | €13,672 | ▲ 14× |
| Profit (loss) for the period to be appropriated9905 | €32,321 | €18,550 | €370 | -€51,351 | €132 | €1,008 | €13,672 | ▲ 14× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €427,469 | €417,765 | €387,527 | €316,397 | €294,301 | €286,070 | €288,502 | ▲ 0.9% |
| Fixed assets21/28 | €211,072 | €207,976 | €201,236 | €196,769 | €189,461 | €184,219 | €192,512 | ▲ 4.5% |
| Tangible fixed assets22/27 | €211,072 | €207,976 | €201,236 | €196,769 | €189,461 | €184,219 | €192,512 | ▲ 4.5% |
| Land and buildings22 | - | - | - | €185,738 | €180,525 | €175,312 | €170,100 | ▼ 3.0% |
| Plant, machinery and equipment23 | - | - | - | €561 | €183 | €210 | €117 | ▼ 44.4% |
| Furniture and vehicles24 | - | - | - | €1,658 | €1,450 | €1,243 | €16,327 | ▲ 13× |
| Other tangible fixed assets26 | - | - | - | €8,812 | €7,303 | €7,453 | €5,969 | ▼ 19.9% |
| Current assets29/58 | €216,396 | €209,789 | €186,291 | €119,628 | €104,840 | €101,851 | €95,990 | ▼ 5.8% |
| Amounts receivable within one year40/41 | €36,908 | €62,816 | €48,867 | €15,782 | €23,655 | €21,733 | €23,118 | ▲ 6.4% |
| Trade receivables40 | - | - | - | €9,531 | €16,920 | €21,733 | €23,084 | ▲ 6.2% |
| Other amounts receivable41 | - | - | - | €6,251 | €6,735 | - | €34 | - |
| Current investments50/53 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | €55,413 | ▼ 26.1% |
| Cash at bank and in hand54/58 | €99,297 | €68,982 | €59,535 | €27,755 | €5,848 | €5,119 | €15,647 | ▲ 206% |
| Deferred charges and accrued income490/1 | - | - | - | €1,091 | €337 | - | €1,812 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €427,469 | €417,765 | €387,527 | €316,397 | €294,301 | €286,070 | €288,502 | ▲ 0.9% |
| Equity10/15 | €247,380 | €265,930 | €266,300 | €214,949 | €215,081 | €216,089 | €229,760 | ▲ 6.3% |
| Contributions10/11 | €85,000 | - | - | €85,000 | €85,000 | €85,000 | €85,000 | = |
| Reserves13 | €162,380 | €180,930 | €180,930 | €180,930 | €180,930 | €180,930 | €180,930 | = |
| Non-distributable reserves130/1 | - | - | - | €50,395 | €50,395 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €50,395 | €50,395 | - | - | - |
| Distributable reserves133 | - | - | - | €130,535 | €130,535 | €180,930 | €180,930 | = |
| Profit (loss) carried forward14 | - | - | €370 | -€50,982 | -€50,850 | -€49,842 | -€36,170 | ▲ 27.4% |
| Amounts payable17/49 | €180,088 | €151,834 | €121,227 | €101,448 | €79,220 | €69,982 | €58,742 | ▼ 16.1% |
| Amounts payable after more than one year17 | €118,766 | €103,094 | €87,422 | €71,750 | €56,078 | €40,406 | €24,734 | ▼ 38.8% |
| Financial debts170/4 | - | - | - | €71,750 | €56,078 | €40,406 | €24,734 | ▼ 38.8% |
| Amounts payable within one year42/48 | €60,511 | €48,053 | €33,073 | €29,698 | €23,142 | €29,576 | €34,008 | ▲ 15.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15,672 | €15,672 | €15,672 | €15,672 | = |
| Trade debts44 | €27,427 | €7,866 | €2,997 | €2,273 | €1,620 | €8,663 | €9,607 | ▲ 10.9% |
| Suppliers440/4 | - | - | - | €2,273 | €1,620 | €8,663 | €9,607 | ▲ 10.9% |
| Taxes, remuneration and social security45 | - | - | - | €9,873 | €4,500 | €1,680 | €1,026 | ▼ 39.0% |
| Taxes450/3 | - | - | - | €9,873 | €4,500 | €1,680 | €1,026 | ▼ 39.0% |
| Other amounts payable47/48 | - | - | - | €1,880 | €1,350 | €3,560 | €7,703 | ▲ 116% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,321 | €18,550 | €370 | -€51,351 | €132 | €1,008 | €13,672 | ▲ 14× |
| + Depreciation and write-downs630 | €10,268 | €10,872 | €9,947 | €7,672 | €7,308 | €7,120 | €9,387 | ▲ 31.8% |
| Operating cash flow (approximation) | €42,589 | €29,422 | €10,317 | -€43,679 | €7,440 | €8,128 | €23,058 | ▲ 184% |
| Investment in fixed assets (approximation) | - | -€7,775 | -€3,208 | -€3,205 | €0 | -€1,878 | -€17,680 | ▼ 841% |
| Change in cash | - | -€30,315 | -€9,447 | -€31,780 | -€21,907 | -€730 | €10,529 | - |
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 JHP SERVICES 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 JHP SERVICES itself: 0.3% 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 JHP SERVICES. 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 |
|---|---|---|---|---|
| 31-03-2025 | micro format | 31-10-2025 | 2025-00564167 | |
| 31-03-2024 | micro format | 31-10-2024 | 2024-00525614 | |
| 31-03-2023 | micro format | 03-11-2023 | 2023-00504318 | |
| 31-03-2022 | micro format | 03-11-2022 | 2022-20518108 | |
| 31-03-2021 | micro format | 16-11-2021 | 2021-77400081 | |
| 31-03-2020 | micro format | 09-12-2020 | 2020-75200190 | |
| 31-03-2019 | micro format | 31-10-2019 | 2019-72800054 | |
| 31-03-2018 | micro format | 30-10-2018 | 2018-70900393 | |
| 31-03-2017 | micro format | 10-11-2017 | 2017-69600061 | |
| 31-03-2016 | abbreviated format | 28-10-2016 | 2016-67000114 |