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JMC

Active
Private limited companyfounded 2008active for 18 yearsKelderveld 20, 2500 Lier, BelgiumKBO/BCE: BE 0899.662.429

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 24-07-2026 at the NBB all 17 filings

Turnover
≈ €3.9m
Estimated: probably between €2.6m and €6.4m
Total assets
€6.2m▲ 22.7%
2024 · €5.0m
Net result
€191,113▼ 30.1%
2024 · €273,362
Working capital
-€169,981▲ 24.7%
2024 · -€225,657
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 27% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.

Operating result€0.3m 2025 Net result€0.2m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Warehousing and support activities for transportation (NACE 52). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.2m-€0.2m▲ 31.9%€0.2m▼ 8.0%€0.1m▼ 31.9%€0.2m▲ 28.2%€0.1m▼ 15.0%€0.2m▲ 70.5%€0.3m▲ 27.2%
Net result€0.1m-€0.2m▲ 32.2%€0.2mabove the sector's middle half▲ 12.9%€0.1mwithin the sector's middle half▼ 18.4%€0.2mwithin the sector's middle half▲ 16.8%€0.2mwithin the sector's middle half▲ 6.9%€0.3mabove the sector's middle half▲ 56.8%€0.2mabove the sector's middle half▼ 30.1%
Equity€0.3m-€0.5m▲ 46.9%€0.6mwithin the sector's middle half▲ 36.0%€0.8mwithin the sector's middle half▲ 21.6%€0.9mwithin the sector's middle half▲ 20.8%€1.1mwithin the sector's middle half▲ 18.4%€1.4mabove the sector's middle half▲ 24.3%€1.6mabove the sector's middle half▲ 13.7%
Total assets€2.3m-€3.2m▲ 37.4%€4.2mabove the sector's middle half▲ 31.0%€5.2mabove the sector's middle half▲ 24.2%€5.3mabove the sector's middle half▲ 0.5%€4.9mabove the sector's middle half▼ 7.0%€5.0mabove the sector's middle half▲ 2.9%€6.2mabove the sector's middle half▲ 22.7%
Debt€2.0m-€2.8m▲ 35.9%€3.6m▲ 30.1%€4.5m▲ 24.6%€4.3m▼ 3.1%€3.8m▼ 12.6%€3.6m▼ 3.5%€4.6m▲ 26.2%
Working capital-€0.6m--€0.4m▲ 28.5%-€0.5mbelow the sector's middle half▼ 18.1%-€0.8mbelow the sector's middle half▼ 68.8%-€0.8mbelow the sector's middle half▲ 3.9%-€0.5mbelow the sector's middle half▲ 32.9%-€0.2mbelow the sector's middle half▲ 56.7%-€0.2mbelow the sector's middle half▲ 24.7%
Solvency13.8%-14.7%▲ 0.9pp15.3%within the sector's middle half▲ 0.6pp15.0%within the sector's middle half▼ 0.3pp18.0%within the sector's middle half▲ 3.0pp22.9%within the sector's middle half▲ 4.9pp27.7%within the sector's middle half▲ 4.8pp25.7%within the sector's middle half▼ 2.0pp
Current ratio0.48-0.75▲ 0.270.78below the sector's middle half▲ 0.030.73below the sector's middle half▼ 0.050.74below the sector's middle half▲ 0.010.82below the sector's middle half▲ 0.080.92below the sector's middle half▲ 0.100.95within the sector's middle half▲ 0.02
Return on assets (ROA)4.9%-4.7%▼ 0.2pp4.0%within the sector's middle half▼ 0.6pp2.7%within the sector's middle half▼ 1.4pp3.1%within the sector's middle half▲ 0.4pp3.6%within the sector's middle half▲ 0.5pp5.4%within the sector's middle half▲ 1.9pp3.1%within the sector's middle half▼ 2.3pp
Staff (FTE)14.7-17.8▲ 21.1%18.3above the sector's middle half▲ 2.8%17above the sector's middle half▼ 7.1%15.6above the sector's middle half▼ 8.2%13.7above the sector's middle half▼ 12.2%12.7above the sector's middle half▼ 7.3%13.5above the sector's middle half▲ 6.3%
above within below The sector band is the middle half of the companies in Warehousing and support activities for transportation (NACE 52). 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.
Turnover and EBIT margin are not published. The abbreviated 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 €6.2m
Fixed assets €3.2m ▲ 34.0%
Current assets €3.0m ▲ 12.6%
Equity and liabilities €6.2m
Equity €1.6m ▲ 13.7%
Debt €4.6m ▲ 26.2%
Debt's share of the balance-sheet total rises from 72.3% to 74.3%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.2m▲
2024 · €1.1m
Cash flow
€1.1m▼
2024 · €1.1m
Quick ratio
0.91▲
2024 · 0.91
Debt to equity
2.90▲
2024 · 2.61
ROE
12.0%▼
2024 · 19.6%
Interest coverage
5.18▼
2024 · 25.02
Debt ≤ 1 year
€3.2m▲
2024 · €2.9m
Debt > 1 year
€1.4m▲
2024 · €769,958
Income taxes
€66,200▼
2024 · €94,473
Staff costs
€1.0m▲
2024 · €900,811
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as JMC: logistics services (NACE 52250). They are comparable in size and age: total assets between €3.3m and €7.6m, founded between 2006 and 2012.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
JMC Lier2008€6.2m€1.6m€2.3m-€0.2m13.52025
Group³ Neufchâteau2007€7.6m€5.5m€2.6m-€1.0m15.82025
ANTWERPS BUREAU VOOR LOGISTIEK Antwerpen2007€6.8m€1.3m€2.4m-€1.0m10.12025
CRANE WORLDWIDE LOGISTICS BELGIUM Antwerpen2012€4.6m€2.2m€2.2m-€0.4m152025
DKM Antwerpen2006€6.1m€1.5m€3.4m-€1.6m18.32025
TITAN CARGO Antwerpen2007€3.3m€1.7m€2.1m-€0.4m15.22025
ODYSSEY LOGISTICS EUROPE Antwerpen2007€4.3m€0.3m€3.0m€18.1m€0.2m21.22025

They were chosen from the 1,635 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 4,107 companies had the same profile as JMC has now. Two years later, 1.0% had gone bankrupt and 98.0% were still going.

  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.0% went bankrupt
0.9% stopped otherwise
98.0% was still going

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of JMC itself: 0.7% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the 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% 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 4,107 companies, not a prediction for JMC. 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.

Subsidies and aid

Flemish government

2022 to 2025 · 4 entries · €8,249 awarded · €7,130 paid
Year Entries AwardedPaid
2025 1 €1,857€738
2024 1 €342€342
2022 2 €6,050€6,050
Schemes
1 entry · €6,000 · €6,000 paid · Departement Mobiliteit en Openbare Werken
3 entries · €2,249 · €1,130 paid · Fonds voor Innoveren en Ondernemen

Public contracts

3 awards · 2024 to 2025
ophalen en verwerken van afgedankte matrassen.: VUBES2500005 - 1
buyer: IVAREMSewage, refuse, cleaning and environmental servicesawarded 25-07-2025€140,3151 tenderTED 643473-2025
Raamovereenkomst voor bronophaling en verwerking van asbest: PERCEEL 1 - Bronophaling en verwerking
buyer: AntwerpenSewage, refuse, cleaning and environmental servicesawarded 06-05-2025€198,5344 tendersTED 306442-2025
Sortering en verwerking van de gemengde fractie kalk, gips, porselein en cellenbeton: VUBES2400004 - 1
buyer: IVAREMSewage, refuse, cleaning and environmental servicesawarded 01-08-2024€528,0001 tenderTED 472835-2024

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines

Source: Annual accounts 2025 at the NBB, filed on 24-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€5.0m€6.2m▲
Fixed assets21/28€2.4m€3.2m▲
Tangible fixed assets22/27€2.4m€3.2m▲
Land and buildings22€0.03m€0.03m▼
Plant, machinery and equipment23€1.1m€2.4m▲
Furniture and vehicles24€0.3m€0.3m▼
Leasing and similar rights25€0.9m€0.5m▼
Financial fixed assets28€0.001m€0.001m▲
Current assets29/58€2.6m€3.0m▲
Stocks and contracts in progress3€0.05m€0.1m▲
Stocks30/36€0.05m€0.1m▲
Amounts receivable within one year40/41€2.3m€2.6m▲
Trade receivables40€2.1m€2.3m▲
Other amounts receivable41€0.2m€0.3m▲
Cash at bank and in hand54/58€0.3m€0.2m▼
Deferred charges and accrued income490/1€0.03m€0.02m▼
Equity and liabilities
Total equity and liabilities10/49€5.0m€6.2m▲
Equity10/15€1.4m€1.6m▲
Contributions10/11€0.04m€0.04m=
Reserves13€1.4m€1.5m▲
Non-distributable reserves130/1€0.004m€0.004m=
Reserves not available under the articles1311€0.004m€0.004m=
Distributable reserves133€1.4m€1.5m▲
Amounts payable17/49€3.6m€4.6m▲
Amounts payable after more than one year17€0.8m€1.4m▲
Financial debts170/4€0.8m€1.4m▲
Amounts payable within one year42/48€2.9m€3.2m▲
Current portion of amounts payable after more than one year42€0.6m€1.0m▲
Trade debts44€1.2m€1.4m▲
Suppliers440/4€1.2m€1.4m▲
Advances received on contracts in progress46€0.01m€0▼
Taxes, remuneration and social security45€0.6m€0.6m▲
Taxes450/3€0.6m€0.5m▼
Remuneration and social security454/9€0.06m€0.09m▲
Other amounts payable47/48€0.5m€0.2m▼
Income statement Code20242025
Remuneration, social security and pensions62€0.9m€1.0m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.8m€0.9m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.005m-€0.001m▼
Other operating charges640/8€0.06m€0.08m▲
Gross operating margin9900€2.0m€2.3m▲
Operating profit (loss)9901€0.2m€0.3m▲
Financial income75/76B€0.2m€0.2m▲
Recurring financial income75€0.2m€0.2m▲
Financial charges65/66B€0.04m€0.2m▲
Recurring financial charges65€0.04m€0.2m▲
Profit (loss) for the period before taxes9903€0.4m€0.3m▼
Income taxes67/77€0.09m€0.07m▼
Profit (loss) for the period9904€0.3m€0.2m▼
Profit (loss) for the period to be appropriated9905€0.3m€0.2m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.3m€0.2m▼
Transfer to equity691/2€0.3m€0.2m▼
To other reserves6921€0.3m€0.2m▼
Social balance sheet
Average headcount (FTE)908712.713.5▲

The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€1.0m€1.0m€0.8m€0.9m€1.0m▲ 12.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.5m€0.6m€0.7m€0.8m€0.9m€0.8m€0.9m▲ 4.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€0€0.009m€0.02m€0.005m-€0.001m-
Other operating charges640/8---€0.05m€0.04m€0.1m€0.06m€0.08m▲ 31.0%
Gross operating margin9900€1.2m€1.7m€1.8m€1.8m€2.0m€2.0m€2.0m€2.3m▲ 11.0%
Operating profit (loss)9901€0.2m€0.2m€0.2m€0.1m€0.2m€0.1m€0.2m€0.3m▲ 27.2%
Financial income75/76B---€0.1m€0.1m€0.2m€0.2m€0.2m▲ 4.1%
Recurring financial income75€0.05m€0.06m€0.1m€0.1m€0.1m€0.2m€0.2m€0.2m▲ 4.1%
Financial charges65/66B---€0.06m€0.09m€0.09m€0.04m€0.2m▲ 429%
Recurring financial charges65€0.04m€0.06m€0.06m€0.06m€0.09m€0.09m€0.04m€0.2m▲ 429%
Profit (loss) for the period before taxes9903€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.4m€0.3m▼ 30.0%
Income taxes67/77€0.05m€0.07m€0.06m€0.05m€0.06m€0.06m€0.09m€0.07m▼ 29.9%
Profit (loss) for the period9904€0.1m€0.2m€0.2m€0.1m€0.2m€0.2m€0.3m€0.2m▼ 30.1%
Profit (loss) for the period to be appropriated9905€0.1m€0.2m€0.2m€0.1m€0.2m€0.2m€0.3m€0.2m▼ 30.1%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€2.3m€3.2m€4.2m€5.2m€5.3m€4.9m€5.0m€6.2m▲ 22.7%
Fixed assets21/28€1.8m€2.0m€2.5m€3.1m€3.0m€2.5m€2.4m€3.2m▲ 34.0%
Intangible fixed assets21-€0.002m€0.001m€0-----
Tangible fixed assets22/27€1.8m€2.0m€2.5m€3.1m€3.0m€2.5m€2.4m€3.2m▲ 34.0%
Land and buildings22------€0.03m€0.03m▼ 11.0%
Plant, machinery and equipment23---€1.5m€1.3m€1.1m€1.1m€2.4m▲ 112%
Furniture and vehicles24---€0.2m€0.1m€0.09m€0.3m€0.3m▼ 21.5%
Leasing and similar rights25---€1.4m€1.5m€1.4m€0.9m€0.5m▼ 41.4%
Financial fixed assets28€150€285€420€420€0.001m€0.001m€0.001m€0.001m▲ 12.3%
Current assets29/58€0.5m€1.2m€1.7m€2.2m€2.2m€2.4m€2.6m€3.0m▲ 12.6%
Stocks and contracts in progress3€0.003m--€0.02m€0.02m€0.05m€0.05m€0.1m▲ 178%
Stocks30/36---€0.02m€0.02m€0.05m€0.05m€0.1m▲ 178%
Amounts receivable within one year40/41€0.3m€1.1m€1.6m€2.0m€1.9m€2.1m€2.3m€2.6m▲ 14.4%
Trade receivables40---€1.9m€1.9m€2.1m€2.1m€2.3m▲ 9.1%
Other amounts receivable41---€0.04m€0.03m€0.03m€0.2m€0.3m▲ 72.5%
Cash at bank and in hand54/58€0.05m€0.1m€0.09m€0.2m€0.3m€0.1m€0.3m€0.2m▼ 27.9%
Deferred charges and accrued income490/1---€0.03m€0.04m€0.03m€0.03m€0.02m▼ 20.0%
Equity and liabilities
Total equity and liabilities10/49€2.3m€3.2m€4.2m€5.2m€5.3m€4.9m€5.0m€6.2m▲ 22.7%
Equity10/15€0.3m€0.5m€0.6m€0.8m€0.9m€1.1m€1.4m€1.6m▲ 13.7%
Contributions10/11€0.04m€0.04m-€0.04m€0.04m€0.04m€0.04m€0.04m=
Reserves13€0.3m€0.4m€0.6m€0.7m€0.9m€1.1m€1.4m€1.5m▲ 14.1%
Non-distributable reserves130/1---€0.004m€0.004m€0.004m€0.004m€0.004m=
Reserves not available under the articles1311---€0.004m€0.004m€0.004m€0.004m€0.004m=
Distributable reserves133---€0.7m€0.9m€1.1m€1.4m€1.5m▲ 14.1%
Amounts payable17/49€2.0m€2.8m€3.6m€4.5m€4.3m€3.8m€3.6m€4.6m▲ 26.2%
Amounts payable after more than one year17€0.9m€1.1m€1.4m€1.5m€1.3m€0.9m€0.8m€1.4m▲ 87.9%
Financial debts170/4---€1.5m€1.3m€0.9m€0.8m€1.4m▲ 87.9%
Amounts payable within one year42/48€1.1m€1.6m€2.2m€3.0m€3.0m€2.9m€2.9m€3.2m▲ 9.7%
Current portion of amounts payable after more than one year42---€0.6m€0.8m€0.7m€0.6m€1.0m▲ 70.7%
Trade debts44€0.5m€0.8m€1.1m€1.6m€1.4m€1.2m€1.2m€1.4m▲ 20.4%
Suppliers440/4---€1.6m€1.4m€1.2m€1.2m€1.4m▲ 20.4%
Advances received on contracts in progress46---€0.03m€0.004m€0.01m€0.01m€0▼ 100%
Taxes, remuneration and social security45---€0.1m€0.08m€0.3m€0.6m€0.6m▲ 3.2%
Taxes450/3---€0.07m€0.03m€0.2m€0.6m€0.5m▼ 2.1%
Remuneration and social security454/9---€0.06m€0.05m€0.05m€0.06m€0.09m▲ 56.7%
Other amounts payable47/48---€0.6m€0.8m€0.7m€0.5m€0.2m▼ 71.1%
Accrued charges and deferred income492/3---€0-----
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.1m€0.2m€0.2m€0.1m€0.2m€0.2m€0.3m€0.2m▼ 30.1%
+ Depreciation and write-downs630€0.3m€0.5m€0.6m€0.7m€0.8m€0.9m€0.8m€0.9m▲ 4.3%
Operating cash flow (approximation)€0.4m€0.7m€0.7m€0.8m€1.0m€1.1m€1.1m€1.1m▼ 4.2%
Investment in fixed assets (approximation)--€0.7m-€1.0m-€1.2m-€0.8m-€0.4m-€0.7m-€1.7m▼ 149%
Change in cash-€0.06m-€0.02m€0.08m€0.1m-€0.2m€0.1m-€0.07m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 17 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 24-07-2026 2026-00325778 NBB
31-12-2024 abbreviated format 24-07-2025 2025-00301217 PDF
31-12-2023 abbreviated format 22-07-2024 2024-00267373 PDF
31-12-2022 abbreviated format 15-06-2023 2023-00127782 PDF
31-12-2021 abbreviated format 25-08-2022 2022-20316722 PDF
31-12-2020 abbreviated format 26-07-2021 2021-39300382 PDF
31-12-2019 abbreviated format 29-06-2020 2020-22300263 PDF
31-12-2018 abbreviated format 17-07-2019 2019-33400195 PDF
31-12-2017 abbreviated format 13-07-2018 2018-32600568 PDF
31-12-2016 abbreviated format 26-07-2017 2017-35300103 PDF

Show all 17 filings

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