Financials · financial year 2019, abbreviated format, 2025 accounts filed
Annual accounts 2025 filed on 02-07-2026 at the NBB all 19 filings
The accounts were filed as a PDF only.
Turnover
≈ €660,000
Estimated: probably between €530,000 and €1.0m
Total assets
€955,449▼ 2.2%
2018 · €976,827
Net result
€21,169▼ 63.1%
2018 · €57,306
Working capital
€761,604▲ 7.2%
2018 · €710,735
Trend over the years
2018 to 2019, 2 financial years 2018 to 2019, 2 financial years
The operating result for 2019 is 59% lower than in 2018.
Operating result€32,214
2019
Net result€21,169
2019
Total assets€955,449
2019
Equity€904,585
2019
Debt€50,864
2019
Working capital€761,604
2019
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019
Operating result€79,085-€32,214▼ 59.3%
Net result€57,306-€21,169▼ 63.1%
Equity€903,016-€904,585▲ 0.2%
Total assets€976,827-€955,449▼ 2.2%
Debt€73,811-€50,864▼ 31.1%
Working capital€710,735-€761,604▲ 7.2%
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
2019 in colour, 2018 as the grey bar beneath
Assets €955,449
Fixed assets
€144,098 ▼ 26.1%
Current assets
€811,351 ▲ 3.8%
Equity and liabilities €955,449
Equity
€904,585 ▲ 0.2%
Debt
€50,864 ▼ 31.1%
Debt's share of the balance-sheet total falls from 7.6% to 5.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€74,771▼
2018 · €129,762
Cash flow
€63,726▼
2018 · €107,983
Current ratio
16.31▲
2018 · 10.99
Quick ratio
15.32▲
2018 · 10.19
Debt to equity
0.06▼
2018 · 0.08
ROE
2.3%▼
2018 · 6.3%
ROA
2.2%▼
2018 · 5.9%
Interest coverage
over 100
2018 · over 100
Debt ≤ 1 year
€49,747▼
2018 · €71,153
Income taxes
€10,804▼
2018 · €22,182
Staff costs
€122,485▼
2018 · €138,700
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2018 | 2019 |
|---|---|---|
| Tangible fixed assets | €7,536 | €50,665 |
| Depreciation and write-downs of the year | €50,677 | €42,557 |
Source: notes to the 2018 to 2019 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €834 awarded · €1,082 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €108 | €108 |
| 2024 | 1 | €126 | €126 |
| 2023 | 1 | €600 | €848 |
Comparable companies
These companies have the same main activity as JOAN ACKERMANS: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €853,000 and €1.1m, founded between 2004 and 2007.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| JOAN ACKERMANS Kortenberg | 2006 | €1.0m | €0.9m | €0.2m | €0.02m | - | 2019 |
| GROUP SUYS Menen | 2006 | €1.0m | €0.5m | €0.2m | -€0.01m | 3.1 | 2025 |
| BAELE KARL Zottegem | 2007 | €0.9m | €0.9m | €0.2m | €0.2m | - | 2025 |
| VERHAEGHE S.C. Ardooie | 2004 | €0.9m | €0.7m | €0.2m | €0.1m | 1.2 | 2025 |
| VAN STAEYEN Malle | 2007 | €0.9m | €0.4m | €0.2m | €0.06m | - | 2025 |
| THIENPONDT DIEDRICH Aalter | 2007 | €0.9m | €0.7m | €0.2m | €0.1m | - | 2025 |
| INSTALLATIEBEDRIJF SCHROOTEN Maaseik | 2005 | €1.1m | €0.9m | €0.2m | €0.008m | 2 | 2025 |
They were chosen from the 5,586 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €138,700 | €122,485 | ▼ 11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,677 | €42,557 | ▼ 16.0% |
| Other operating charges640/8 | €1,815 | €1,489 | ▼ 18.0% |
| Non-recurring operating charges66A | - | €6,884 | - |
| Gross operating margin9900 | €270,277 | €205,629 | ▼ 23.9% |
| Operating profit (loss)9901 | €79,085 | €32,214 | ▼ 59.3% |
| Financial income75/76B | €412 | €319 | ▼ 22.6% |
| Recurring financial income75 | €412 | €319 | ▼ 22.6% |
| Financial charges65/66B | €9 | €560 | ▲ 62× |
| Recurring financial charges65 | €9 | €560 | ▲ 62× |
| Profit (loss) for the period before taxes9903 | €79,488 | €31,973 | ▼ 59.8% |
| Income taxes67/77 | €22,182 | €10,804 | ▼ 51.3% |
| Profit (loss) for the period9904 | €57,306 | €21,169 | ▼ 63.1% |
| Profit (loss) for the period to be appropriated9905 | €57,306 | €21,169 | ▼ 63.1% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €976,827 | €955,449 | ▼ 2.2% |
| Fixed assets21/28 | €194,939 | €144,098 | ▼ 26.1% |
| Tangible fixed assets22/27 | €194,744 | €143,903 | ▼ 26.1% |
| Land and buildings22 | €68,099 | €62,258 | ▼ 8.6% |
| Plant, machinery and equipment23 | €3,346 | €2,507 | ▼ 25.1% |
| Furniture and vehicles24 | €123,299 | €79,138 | ▼ 35.8% |
| Financial fixed assets28 | €195 | €195 | = |
| Current assets29/58 | €781,888 | €811,351 | ▲ 3.8% |
| Stocks and contracts in progress3 | €56,497 | €49,121 | ▼ 13.1% |
| Stocks30/36 | €56,497 | €49,121 | ▼ 13.1% |
| Amounts receivable within one year40/41 | €36,430 | €54,345 | ▲ 49.2% |
| Trade receivables40 | €21,183 | €22,600 | ▲ 6.7% |
| Other amounts receivable41 | €25,247 | €31,745 | ▲ 25.7% |
| Current investments50/53 | €577,033 | €642,032 | ▲ 11.3% |
| Cash at bank and in hand54/58 | €105,747 | €62,908 | ▼ 40.5% |
| Deferred charges and accrued income490/1 | €6,181 | €2,945 | ▼ 52.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €976,827 | €955,449 | ▼ 2.2% |
| Equity10/15 | €903,016 | €904,585 | ▲ 0.2% |
| Contributions10/11 | €40,000 | €40,000 | = |
| Capital10 | €40,000 | €40,000 | = |
| Issued capital100 | €40,000 | €40,000 | = |
| Reserves13 | €4,000 | €4,000 | = |
| Legal reserve130 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €859,016 | €860,585 | ▲ 0.2% |
| Amounts payable17/49 | €73,811 | €50,864 | ▼ 31.1% |
| Amounts payable within one year42/48 | €71,153 | €49,747 | ▼ 30.1% |
| Trade debts44 | €30,915 | €17,274 | ▼ 44.1% |
| Suppliers440/4 | €30,915 | €17,274 | ▼ 44.1% |
| Advances received on contracts in progress46 | €2,650 | €1,850 | ▼ 30.2% |
| Taxes, remuneration and social security45 | €2,588 | €2,623 | ▲ 1.4% |
| Remuneration and social security454/9 | €2,588 | €2,623 | ▲ 1.4% |
| Other amounts payable47/48 | €35,000 | €28,000 | ▼ 20.0% |
| Accrued charges and deferred income492/3 | €2,658 | €1,117 | ▼ 58.0% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €57,306 | €21,169 | ▼ 63.1% |
| + Depreciation and write-downs630 | €50,677 | €42,557 | ▼ 16.0% |
| Operating cash flow (approximation) | €107,983 | €63,726 | ▼ 41.0% |
| Investment in fixed assets (approximation) | - | €8,284 | - |
| Change in cash | - | -€42,839 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-07-2026 | 2026-00247621 | NBB |
| 31-12-2024 | micro format | 19-06-2025 | 2025-00156744 | |
| 31-12-2023 | micro format | 14-06-2024 | 2024-00129375 | |
| 31-12-2022 | micro format | 05-06-2023 | 2023-00115531 | |
| 31-12-2021 | micro format | 15-06-2022 | 2022-20066486 | |
| 31-12-2020 | micro format | 22-06-2021 | 2021-22800366 | |
| 31-12-2019 | abbreviated format | 30-06-2020 | 2020-22500496 | |
| 31-12-2018 | abbreviated format | 18-06-2019 | 2019-19600515 | |
| 31-12-2017 | abbreviated format | 15-06-2018 | 2018-18400598 | |
| 31-12-2016 | abbreviated format | 12-06-2017 | 2017-16300545 |