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Jifrantec

Active
Private limited companyfounded 2024active for 2 yearsHouthoek 21, 2430 Laakdal, BelgiumKBO/BCE: BE 1010.809.482
Summary

The computed 12-month bankruptcy probability of Jifrantec is 2.1% (moderate). The 2025 annual accounts show equity of €14,532 and a net result of €12,532. Its solvency ranks better than 28% of 34,190 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Equity
€14,532
Total assets
€55,599
Net result
€12,532
Working capital
-€4,188

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €55,599
Fixed assets €43,402
Current assets €12,197
Equity and liabilities €55,599
Equity €14,532
Debt €41,067
Debt finances 73.9% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€31,337
Cash flow
€20,941
Current ratio
0.74
Debt to equity
2.83
ROE
86.2%
ROA
22.5%
Interest coverage
4.42
Debt ≤ 1 year
€16,385
Debt > 1 year
€24,682
Income taxes
€3,321

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 43 lines
Balance sheet Code2025
Assets
Total assets20/58€55,599
Fixed assets21/28€43,402
Tangible fixed assets22/27€43,402
Plant, machinery and equipment23€1,018
Furniture and vehicles24€2,029
Leasing and similar rights25€35,439
Other tangible fixed assets26€4,917
Current assets29/58€12,197
Amounts receivable within one year40/41€4,434
Trade receivables40€3,083
Other amounts receivable41€1,351
Cash at bank and in hand54/58€6,184
Deferred charges and accrued income490/1€1,579
Equity and liabilities
Total equity and liabilities10/49€55,599
Equity10/15€14,532
Contributions10/11€2,000
Reserves13€12,532
Distributable reserves133€12,532
Amounts payable17/49€41,067
Amounts payable after more than one year17€24,682
Financial debts170/4€24,682
Amounts payable within one year42/48€16,385
Current portion of amounts payable after more than one year42€5,166
Trade debts44€1,839
Suppliers440/4€1,839
Taxes, remuneration and social security45€6,527
Taxes450/3€6,527
Other amounts payable47/48€2,854
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,409
Other operating charges640/8€5,441
Gross operating margin9900€36,778
Operating profit (loss)9901€22,928
Financial income75/76B€16
Recurring financial income75€16
Financial charges65/66B€7,091
Recurring financial charges65€7,091
Profit (loss) for the period before taxes9903€15,853
Income taxes67/77€3,321
Profit (loss) for the period9904€12,532
Profit (loss) for the period to be appropriated9905€12,532
Appropriation of the result
Profit (loss) to be appropriated9906€12,532
Transfer to equity691/2€12,532
To other reserves6921€12,532

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,409
Other operating charges640/8€5,441
Gross operating margin9900€36,778
Operating profit (loss)9901€22,928
Financial income75/76B€16
Recurring financial income75€16
Financial charges65/66B€7,091
Recurring financial charges65€7,091
Profit (loss) for the period before taxes9903€15,853
Income taxes67/77€3,321
Profit (loss) for the period9904€12,532
Profit (loss) for the period to be appropriated9905€12,532
Line2025
Assets
Total assets20/58€55,599
Fixed assets21/28€43,402
Tangible fixed assets22/27€43,402
Plant, machinery and equipment23€1,018
Furniture and vehicles24€2,029
Leasing and similar rights25€35,439
Other tangible fixed assets26€4,917
Current assets29/58€12,197
Amounts receivable within one year40/41€4,434
Trade receivables40€3,083
Other amounts receivable41€1,351
Cash at bank and in hand54/58€6,184
Deferred charges and accrued income490/1€1,579
Equity and liabilities
Total equity and liabilities10/49€55,599
Equity10/15€14,532
Contributions10/11€2,000
Reserves13€12,532
Distributable reserves133€12,532
Amounts payable17/49€41,067
Amounts payable after more than one year17€24,682
Financial debts170/4€24,682
Amounts payable within one year42/48€16,385
Current portion of amounts payable after more than one year42€5,166
Trade debts44€1,839
Suppliers440/4€1,839
Taxes, remuneration and social security45€6,527
Taxes450/3€6,527
Other amounts payable47/48€2,854
Line2025
Profit (loss) for the period9904€12,532
+ Depreciation and write-downs630€8,409
Operating cash flow (approximation)€20,941

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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