JINANE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 12-05-2026 PDF all 14 filings
Turnover
€919,172
EBIT margin
4.1%
Net result
€13,801
2024 · -€26,725
Working capital
-€133,886▼ 13.3%
2024 · -€118,221
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€17,683
2025
20182025
Net result
€13,801
2025
middle half of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
-€88,068
▲ 13.5%
2025
lowest quarter of the sector
20182025
Total assets
€69,215
▼ 1.4%
2025
middle half of the sector
20182025
Debt
€157,283
▼ 8.6%
2025
20182025
Working capital
-€133,886
▼ 13.3%
2025
lowest quarter of the sector
20182025
Solvency
-127.2%
▲ 17.8pp
2025
lowest quarter of the sector
20182025
Current ratio
0.15
▲ 0.03
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
19.9%
▲ 58.0pp
2025
highest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€919,172
Operating result€5,209-€37,462▲ 619%-€20,968€83,151€109,890▲ 32.2%-€173,896-€20,518▲ 88.2%€17,683
Net result-€8,092-€25,725-€24,895below the sector's middle half€76,597above the sector's middle half€78,257above the sector's middle half▲ 2.2%-€180,176below the sector's middle half-€26,725below the sector's middle half▲ 85.2%€13,801within the sector's middle half
EBIT margin4.1%
Equity-€50,652--€24,927▲ 50.8%-€49,822below the sector's middle half▼ 99.9%€26,774within the sector's middle half€105,031above the sector's middle half▲ 292%-€75,145below the sector's middle half-€101,870below the sector's middle half▼ 35.6%-€88,068below the sector's middle half▲ 13.5%
Total assets€69,081-€51,849▼ 24.9%€14,153below the sector's middle half▼ 72.7%€79,804within the sector's middle half▲ 464%€186,414within the sector's middle half▲ 134%€83,895within the sector's middle half▼ 55.0%€70,215within the sector's middle half▼ 16.3%€69,215within the sector's middle half▼ 1.4%
Debt€119,733-€76,776▼ 35.9%€63,975▼ 16.7%€53,030▼ 17.1%€81,383▲ 53.5%€159,040▲ 95.4%€172,085▲ 8.2%€157,283▼ 8.6%
Working capital-€51,576--€26,981▲ 47.7%-€51,201below the sector's middle half▼ 89.8%€18,224within the sector's middle half€105,031above the sector's middle half▲ 476%-€137,502below the sector's middle half-€118,221below the sector's middle half▲ 14.0%-€133,886below the sector's middle half▼ 13.3%
Solvency-73.3%--48.1%▲ 25.2pp-352.0%below the sector's middle half▼ 303.9pp33.6%within the sector's middle half▲ 385.6pp56.3%within the sector's middle half▲ 22.8pp-89.6%below the sector's middle half▼ 145.9pp-145.1%below the sector's middle half▼ 55.5pp-127.2%below the sector's middle half▲ 17.8pp
Current ratio0.57-0.65▲ 0.080.20below the sector's middle half▼ 0.451.34within the sector's middle half▲ 1.142.29above the sector's middle half▲ 0.950.14below the sector's middle half▼ 2.160.12below the sector's middle half▼ 0.020.15below the sector's middle half▲ 0.03
Return on assets (ROA)-11.7%-49.6%▲ 61.3pp-175.9%below the sector's middle half▼ 225.5pp96.0%above the sector's middle half▲ 271.9pp42.0%above the sector's middle half▼ 54.0pp-214.8%below the sector's middle half▼ 256.7pp-38.1%below the sector's middle half▲ 176.7pp19.9%above the sector's middle half▲ 58.0pp
Staff (FTE)5.6-
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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 a profit of €17,683, after a loss of €20,518 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69,215
Fixed assets
€45,818 ▼ 15.3%
Current assets
€23,398 ▲ 45.1%
Equity and liabilities
Equity-€88,068
Debt€157,283
Equity is negative. Debt (€157,283) exceeds the balance-sheet total (€69,215).
Key figures and ratios
EBITDA
€25,953▲
2024 · -€12,248
Cash flow
€22,071▲
2024 · -€18,455
Quick ratio
0.10▲
2024 · 0.07
Interest coverage
6.68▲
2024 · -1.93
Debt ≤ 1 year
€157,283▲
2024 · €134,348
Staff costs
€201,540▲
2024 · €187,880
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | €11,770 | - | €70,627 | - | - |
| Depreciation and write-downs of the year | €4,598 | €3,923 | €8,270 | €8,270 | €8,270 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €919,172 | - | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €29,612 | - | - | €12,261 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €25,974 | €145,774 | €177,662 | €187,880 | €201,540 | ▲ 7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,207 | €895 | €675 | €4,598 | €3,923 | €8,270 | €8,270 | €8,270 | = |
| Other operating charges640/8 | - | - | - | €5,354 | €2,289 | €2,190 | €820 | €585 | ▼ 28.7% |
| Non-recurring operating charges66A | - | - | - | - | €3,924 | - | - | - | - |
| Gross operating margin9900 | €187,495 | €199,342 | €14,908 | €119,077 | €265,800 | €14,226 | €176,452 | €228,079 | ▲ 29.3% |
| Operating profit (loss)9901 | €5,209 | €37,462 | -€20,968 | €83,151 | €109,890 | -€173,896 | -€20,518 | €17,683 | - |
| Financial income75/76B | - | - | - | €5 | €124 | €3 | €125 | €2 | ▼ 98.2% |
| Recurring financial income75 | €33 | €4 | €83 | €1 | €34 | €3 | €125 | €2 | ▼ 98.2% |
| Non-recurring financial income76B | - | - | - | €4 | €90 | - | - | - | - |
| Financial charges65/66B | - | - | - | €4,540 | €10,223 | €6,282 | €6,332 | €3,884 | ▼ 38.7% |
| Recurring financial charges65 | €13,460 | €11,741 | €4,010 | €4,540 | €10,223 | €6,282 | €6,332 | €3,884 | ▼ 38.7% |
| Profit (loss) for the period before taxes9903 | -€8,092 | €25,725 | -€24,895 | €78,616 | €99,791 | -€180,175 | -€26,725 | €13,801 | - |
| Transfer to deferred taxes680 | - | - | - | - | - | €1 | - | - | - |
| Income taxes67/77 | - | - | - | €2,019 | €21,534 | - | - | - | - |
| Profit (loss) for the period9904 | -€8,092 | €25,725 | -€24,895 | €76,597 | €78,257 | -€180,176 | -€26,725 | €13,801 | - |
| Profit (loss) for the period to be appropriated9905 | -€8,092 | €25,725 | -€24,895 | €76,597 | €78,257 | -€180,176 | -€26,725 | €13,801 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €69,081 | €51,849 | €14,153 | €79,804 | €186,414 | €83,895 | €70,215 | €69,215 | ▼ 1.4% |
| Fixed assets21/28 | €924 | €2,054 | €1,379 | €8,551 | - | €62,357 | €54,088 | €45,818 | ▼ 15.3% |
| Tangible fixed assets22/27 | €220 | €1,350 | €675 | €7,847 | - | €62,357 | €54,088 | €45,818 | ▼ 15.3% |
| Plant, machinery and equipment23 | - | - | - | €7,847 | - | €37,388 | €32,159 | €26,930 | ▼ 16.3% |
| Furniture and vehicles24 | - | - | - | - | - | €1,918 | €1,438 | €959 | ▼ 33.3% |
| Other tangible fixed assets26 | - | - | - | - | - | €23,051 | €20,491 | €17,929 | ▼ 12.5% |
| Financial fixed assets28 | €704 | €704 | €704 | €704 | - | - | - | - | - |
| Current assets29/58 | €68,157 | €49,795 | €12,774 | €71,253 | €186,414 | €21,538 | €16,127 | €23,398 | ▲ 45.1% |
| Stocks and contracts in progress3 | €24,150 | €9,433 | €2,719 | €3,809 | €311 | €4,918 | €7,016 | €8,281 | ▲ 18.0% |
| Stocks30/36 | - | - | - | €3,809 | €311 | €4,918 | €7,016 | €8,281 | ▲ 18.0% |
| Amounts receivable within one year40/41 | €40,349 | €28,475 | €9,152 | €5,418 | €17,282 | €16,620 | €9,111 | €9,931 | ▲ 9.0% |
| Other amounts receivable41 | - | - | - | €5,418 | €17,282 | €16,620 | €9,111 | €9,931 | ▲ 9.0% |
| Cash at bank and in hand54/58 | €3,658 | €11,887 | €86 | €62,026 | €168,821 | - | - | €5,185 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €69,081 | €51,849 | €14,153 | €79,804 | €186,414 | €83,895 | €70,215 | €69,215 | ▼ 1.4% |
| Equity10/15 | -€50,652 | -€24,927 | -€49,822 | €26,774 | €105,031 | -€75,145 | -€101,870 | -€88,068 | ▲ 13.5% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | - | - | - | - | - |
| Other1109/19 | - | - | - | €18,600 | - | - | - | - | - |
| Reserves13 | €746 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€69,998 | -€45,387 | -€70,282 | €6,314 | €84,571 | -€95,605 | -€122,330 | -€108,528 | ▲ 11.3% |
| Amounts payable17/49 | €119,733 | €76,776 | €63,975 | €53,030 | €81,383 | €159,040 | €172,085 | €157,283 | ▼ 8.6% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €37,737 | - | - |
| Financial debts170/4 | - | - | - | - | - | - | €37,737 | - | - |
| Amounts payable within one year42/48 | €119,733 | €76,776 | €63,975 | €53,030 | €81,383 | €159,040 | €134,348 | €157,283 | ▲ 17.1% |
| Financial debts43 | - | - | - | - | - | €20,187 | - | €28,334 | - |
| Credit institutions430/8 | - | - | - | - | - | €20,187 | - | €28,334 | - |
| Trade debts44 | €71,287 | €42,398 | €7,829 | €32,751 | €37,833 | €17,949 | €27,146 | €40,563 | ▲ 49.4% |
| Suppliers440/4 | - | - | - | €32,751 | €37,833 | €17,949 | €27,146 | €40,563 | ▲ 49.4% |
| Taxes, remuneration and social security45 | - | - | - | €18,181 | €43,550 | €43,484 | €23,143 | €21,276 | ▼ 8.1% |
| Taxes450/3 | - | - | - | €3,978 | €21,534 | €21,534 | €4,956 | €1,456 | ▼ 70.6% |
| Remuneration and social security454/9 | - | - | - | €14,202 | €22,016 | €21,950 | €18,187 | €19,820 | ▲ 9.0% |
| Other amounts payable47/48 | - | - | - | €2,098 | - | €77,420 | €84,059 | €67,110 | ▼ 20.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,092 | €25,725 | -€24,895 | €76,597 | €78,257 | -€180,176 | -€26,725 | €13,801 | - |
| + Depreciation and write-downs630 | €1,207 | €895 | €675 | €4,598 | €3,923 | €8,270 | €8,270 | €8,270 | = |
| Operating cash flow (approximation) | -€6,885 | €26,620 | -€24,220 | €81,195 | €82,180 | -€171,906 | -€18,455 | €22,071 | - |
| Investment in fixed assets (approximation) | - | -€2,025 | €0 | -€11,770 | - | - | -€1 | €0 | - |
| Change in cash | - | €8,229 | -€11,801 | €61,940 | €106,795 | - | - | - | - |
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, 3,632 companies had the same profile as JINANE has now. Two years later, 91.8% were still going and 2.9% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
91.8%
was still going
4.8%
stopped otherwise
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JINANE itself: 1.3% 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 3,632 companies, not a prediction for JINANE. 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 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 12-05-2026 | 2026-00108568 | |
| 31-12-2024 | micro format | 13-06-2025 | 2025-00136104 | |
| 31-12-2023 | micro format | 06-08-2024 | 2024-00330306 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00292627 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20242065 | |
| 31-12-2020 | micro format | 22-07-2021 | 2021-38300058 | |
| 31-12-2019 | micro format | 17-08-2020 | 2020-41600404 | |
| 31-12-2018 | micro format | 02-08-2019 | 2019-43100128 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-41000123 | |
| 31-12-2016 | micro format | 28-07-2017 | 2017-37400139 |