Summary
JMJ EVOLUTION is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €322,607 and a net result of €128,996. Equity remains stable across the filed financial years (±2% per year). Its solvency ranks better than 45% of 6,648 sector peers (NACE 64, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
Equity
€322,607▼ 44.0%
2024 · €576,486
Net result
€128,996▼ 41.1%
2024 · €219,063
Total assets
€723,661▼ 12.5%
2024 · €826,676
Solvency
44.6%▼ 25.2pp
2024 · 69.7%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 12% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€80,795
2025
Net result€128,996
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€723,661
2025
Equity€322,607
2025
Debt€401,055
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€19,749
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)17.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency44.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.05
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1.7
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€80,274-€42,162▼ 47.5%€66,683▲ 58.2%€60,628▼ 9.1%€98,915▲ 63.2%€126,509▲ 27.9%€91,402▼ 27.8%€80,795▼ 11.6%
Net result€122,508-€199,364▲ 62.7%€179,203within the sector's middle half▼ 10.1%€347,750within the sector's middle half▲ 94.1%€89,936within the sector's middle half▼ 74.1%€259,246within the sector's middle half▲ 188%€219,063within the sector's middle half▼ 15.5%€128,996within the sector's middle half▼ 41.1%
Equity€420,724-€426,188▲ 1.3%€297,991below the sector's middle half▼ 30.1%€364,241below the sector's middle half▲ 22.2%€298,177below the sector's middle half▼ 18.1%€357,423below the sector's middle half▲ 19.9%€576,486within the sector's middle half▲ 61.3%€322,607within the sector's middle half▼ 44.0%
Total assets€579,956-€692,332▲ 19.4%€592,028below the sector's middle half▼ 14.5%€750,815below the sector's middle half▲ 26.8%€605,899below the sector's middle half▼ 19.3%€676,045below the sector's middle half▲ 11.6%€826,676below the sector's middle half▲ 22.3%€723,661within the sector's middle half▼ 12.5%
Debt€159,232-€266,143▲ 67.1%€294,037▲ 10.5%€386,574▲ 31.5%€307,722▼ 20.4%€318,622▲ 3.5%€250,190▼ 21.5%€401,055▲ 60.3%
Working capital€121,823-€123,359▲ 1.3%-€6,365within the sector's middle half€60,840within the sector's middle half-€724within the sector's middle half€56,516within the sector's middle half€268,577within the sector's middle half▲ 375%€19,749within the sector's middle half▼ 92.6%
Solvency72.5%-61.6%▼ 11.0pp50.3%within the sector's middle half▼ 11.2pp48.5%within the sector's middle half▼ 1.8pp49.2%within the sector's middle half▲ 0.7pp52.9%within the sector's middle half▲ 3.7pp69.7%within the sector's middle half▲ 16.9pp44.6%within the sector's middle half▼ 25.2pp
Current ratio1.77-1.48▼ 0.280.98within the sector's middle half▼ 0.501.16within the sector's middle half▲ 0.181.00within the sector's middle half▼ 0.161.18within the sector's middle half▲ 0.182.07within the sector's middle half▲ 0.901.05within the sector's middle half▼ 1.02
Return on assets (ROA)21.1%-28.8%▲ 7.7pp30.3%above the sector's middle half▲ 1.5pp46.3%above the sector's middle half▲ 16.0pp14.8%above the sector's middle half▼ 31.5pp38.3%above the sector's middle half▲ 23.5pp26.5%above the sector's middle half▼ 11.8pp17.8%above the sector's middle half▼ 8.7pp
Staff (FTE)1.2-1.2=1.2below the sector's middle half=1.3within the sector's middle half▲ 8.3%1.5within the sector's middle half▲ 15.4%1.5within the sector's middle half=1.7within the sector's middle half▲ 13.3%1.7above the sector's middle half=
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €723,661
Fixed assets
€302,858 ▼ 1.6%
Current assets
€420,803 ▼ 18.9%
Equity and liabilities €723,661
Equity
€322,607 ▼ 44.0%
Debt
€401,055 ▲ 60.3%
Debt's share of the balance-sheet total rises from 30.3% to 55.4%. Equity is lower and debt is higher.
Key figures and ratios
ROE
40.0%▲
2024 · 38.0%
Debt ≤ 1 year
€401,055▲
2024 · €250,190
Income taxes
€13,568▼
2024 · €22,525
Staff costs
€135,186▲
2024 · €131,889
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €107,608 | €122,338 | €131,889 | €135,186 | ▲ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,602 | €4,500 | €4,500 | €4,500 | €4,500 | €1,192 | €2,286 | €5,051 | ▲ 121% |
| Other operating charges640/8 | - | - | - | - | €2,449 | €2,606 | €10,379 | €2,699 | ▼ 74.0% |
| Gross operating margin9900 | €164,021 | €139,419 | €147,607 | €160,269 | €213,472 | €252,645 | €235,956 | €223,732 | ▼ 5.2% |
| Operating profit (loss)9901 | €80,274 | €42,162 | €66,683 | €60,628 | €98,915 | €126,509 | €91,402 | €80,795 | ▼ 11.6% |
| Financial income75/76B | - | - | - | - | €20,619 | €222,050 | €219,600 | €167,150 | ▼ 23.9% |
| Recurring financial income75 | €85,704 | €176,277 | €138,226 | €306,820 | €20,619 | €222,050 | €219,600 | €167,150 | ▼ 23.9% |
| Financial charges65/66B | - | - | - | - | €6,163 | €74,338 | €69,415 | €105,381 | ▲ 51.8% |
| Recurring financial charges65 | €3,436 | €2,697 | €3,544 | €4,745 | €6,163 | €74,338 | €69,415 | €105,381 | ▲ 51.8% |
| Profit (loss) for the period before taxes9903 | €162,541 | €215,741 | €201,365 | €362,704 | €113,371 | €274,221 | €241,588 | €142,565 | ▼ 41.0% |
| Income taxes67/77 | €40,034 | €16,377 | €22,162 | €14,953 | €23,435 | €14,975 | €22,525 | €13,568 | ▼ 39.8% |
| Profit (loss) for the period9904 | €122,508 | €199,364 | €179,203 | €347,750 | €89,936 | €259,246 | €219,063 | €128,996 | ▼ 41.1% |
| Profit (loss) for the period to be appropriated9905 | €122,508 | €199,364 | €179,203 | €347,750 | €89,936 | €259,246 | €219,063 | €128,996 | ▼ 41.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €579,956 | €692,332 | €592,028 | €750,815 | €605,899 | €676,045 | €826,676 | €723,661 | ▼ 12.5% |
| Fixed assets21/28 | €298,901 | €312,401 | €307,901 | €303,401 | €298,901 | €300,908 | €307,909 | €302,858 | ▼ 1.6% |
| Tangible fixed assets22/27 | - | €13,500 | €9,000 | €4,500 | - | €2,006 | €9,008 | €3,957 | ▼ 56.1% |
| Furniture and vehicles24 | - | - | - | - | - | €2,006 | €9,008 | €3,957 | ▼ 56.1% |
| Financial fixed assets28 | €298,901 | €298,901 | €298,901 | €298,901 | €298,901 | €298,901 | €298,901 | €298,901 | = |
| Current assets29/58 | €281,054 | €379,930 | €284,127 | €447,414 | €306,998 | €375,137 | €518,767 | €420,803 | ▼ 18.9% |
| Amounts receivable within one year40/41 | €246,647 | €360,532 | €181,125 | €133,163 | €139,219 | €158,834 | €243,352 | €131,846 | ▼ 45.8% |
| Trade receivables40 | - | - | - | - | €135,653 | €151,950 | €236,077 | €122,315 | ▼ 48.2% |
| Other amounts receivable41 | - | - | - | - | €3,565 | €6,884 | €7,275 | €9,531 | ▲ 31.0% |
| Cash at bank and in hand54/58 | €33,912 | €12,226 | €103,002 | €16,250 | €167,779 | €16,304 | €275,414 | €138,957 | ▼ 49.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €200,000 | - | €150,000 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €579,956 | €692,332 | €592,028 | €750,815 | €605,899 | €676,045 | €826,676 | €723,661 | ▼ 12.5% |
| Equity10/15 | €420,724 | €426,188 | €297,991 | €364,241 | €298,177 | €357,423 | €576,486 | €322,607 | ▼ 44.0% |
| Contributions10/11 | €270,000 | €270,000 | - | - | €270,000 | €270,000 | €270,000 | €43,611 | ▼ 83.8% |
| Reserves13 | €149,360 | €149,360 | €27,360 | €27,360 | €27,360 | €27,360 | €177,360 | €278,996 | ▲ 57.3% |
| Non-distributable reserves130/1 | - | - | - | - | €27,360 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €27,360 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €27,360 | €177,360 | €278,996 | ▲ 57.3% |
| Profit (loss) carried forward14 | €1,364 | €6,828 | €631 | €66,881 | €817 | €60,063 | €129,126 | - | - |
| Amounts payable17/49 | €159,232 | €266,143 | €294,037 | €386,574 | €307,722 | €318,622 | €250,190 | €401,055 | ▲ 60.3% |
| Amounts payable after more than one year17 | - | €9,572 | €3,545 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €159,232 | €256,572 | €290,492 | €386,574 | €307,722 | €318,622 | €250,190 | €401,055 | ▲ 60.3% |
| Trade debts44 | €3,353 | €19,322 | €4,605 | €3,909 | €5,950 | €5,775 | €6,081 | €20,909 | ▲ 244% |
| Suppliers440/4 | - | - | - | - | €5,950 | €5,775 | €6,081 | €20,909 | ▲ 244% |
| Taxes, remuneration and social security45 | - | - | - | - | €41,844 | €50,016 | €63,503 | €67,456 | ▲ 6.2% |
| Taxes450/3 | - | - | - | - | €25,630 | €31,203 | €43,565 | €42,288 | ▼ 2.9% |
| Remuneration and social security454/9 | - | - | - | - | €16,214 | €18,814 | €19,938 | €25,168 | ▲ 26.2% |
| Other amounts payable47/48 | - | - | - | - | €259,927 | €262,831 | €180,606 | €312,690 | ▲ 73.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €122,508 | €199,364 | €179,203 | €347,750 | €89,936 | €259,246 | €219,063 | €128,996 | ▼ 41.1% |
| + Depreciation and write-downs630 | €3,602 | €4,500 | €4,500 | €4,500 | €4,500 | €1,192 | €2,286 | €5,051 | ▲ 121% |
| Operating cash flow (approximation) | €126,110 | €203,864 | €183,703 | €352,250 | €94,436 | €260,437 | €221,349 | €134,047 | ▼ 39.4% |
| Investment in fixed assets (approximation) | - | -€18,000 | €0 | €0 | €0 | -€3,198 | -€9,288 | €0 | - |
| Change in cash | - | -€21,686 | €90,775 | -€86,752 | €151,529 | -€151,475 | €259,111 | -€136,457 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-07-2026 | 2026-00328100 |
| 31-12-2024 | full format | 09-07-2025 | 2025-00250341 |
| 31-12-2023 | full format | 03-07-2024 | 2024-00202867 |
| 31-12-2022 | full format | 28-03-2023 | 2023-00052440 |
| 31-12-2021 | full format | 21-03-2022 | 2022-08000482 |
| 31-12-2020 | full format | 18-03-2021 | 2021-08000334 |
| 31-12-2019 | full format | 30-10-2020 | 2020-68500010 |
| 31-12-2018 | full format | 10-05-2019 | 2019-12700516 |
| 31-12-2017 | full format | 14-05-2018 | 2018-12600540 |
| 31-12-2016 | full format | 10-04-2017 | 2017-09200357 |
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Of the 24,457 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,972. 13,916 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.