JOLYD
ActiveFinancials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 5 November 2026.
Annual accounts 2024 filed on 15-04-2026 PDF all 19 filings
Turnover
≈ €140,000
Estimated: probably between €100,000 and €220,000
Total assets
€646,386▲ 9.5%
2023 · €590,329
Net result
€44,269▼ 14.4%
2023 · €51,736
Working capital
€546,953▲ 9.3%
2023 · €500,555
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€53,569
▼ 23.0%
2024
20182024
Net result
€44,269
▼ 14.4%
2024
middle half of the sector
20182024
Equity
€565,873
▲ 8.5%
2024
middle half of the sector
20182024
Total assets
€646,386
▲ 9.5%
2024
middle half of the sector
20182024
Debt
€80,513
▲ 17.2%
2024
20182024
Working capital
€546,953
▲ 9.3%
2024
highest quarter of the sector
20182024
Solvency
87.5%
▼ 0.8pp
2024
highest quarter of the sector
20182024
Current ratio
8.21
▼ 2.61
2024
highest quarter of the sector
20182024
Return on assets (ROA)
6.8%
▼ 1.9pp
2024
middle half of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€35,857-€43,385▲ 21.0%€81,858▲ 88.7%€75,286▼ 8.0%€44,152▼ 41.4%€69,607▲ 57.7%€53,569▼ 23.0%
Net result€39,181-€48,535▲ 23.9%€82,171within the sector's middle half▲ 69.3%€60,639within the sector's middle half▼ 26.2%€35,716within the sector's middle half▼ 41.1%€51,736within the sector's middle half▲ 44.9%€44,269within the sector's middle half▼ 14.4%
Equity€352,863-€401,398▲ 13.8%€483,569within the sector's middle half▲ 20.5%€434,152within the sector's middle half▼ 10.2%€469,868within the sector's middle half▲ 8.2%€521,604within the sector's middle half▲ 11.0%€565,873within the sector's middle half▲ 8.5%
Total assets€467,411-€470,332▲ 0.6%€636,457within the sector's middle half▲ 35.3%€552,966within the sector's middle half▼ 13.1%€574,333within the sector's middle half▲ 3.9%€590,329within the sector's middle half▲ 2.8%€646,386within the sector's middle half▲ 9.5%
Debt€114,547-€68,934▼ 39.8%€152,888▲ 122%€118,814▼ 22.3%€104,465▼ 12.1%€68,725▼ 34.2%€80,513▲ 17.2%
Working capital€355,058-€395,235▲ 11.3%€463,647above the sector's middle half▲ 17.3%€415,961above the sector's middle half▼ 10.3%€447,920above the sector's middle half▲ 7.7%€500,555above the sector's middle half▲ 11.8%€546,953above the sector's middle half▲ 9.3%
Solvency75.5%-85.3%▲ 9.9pp76.0%above the sector's middle half▼ 9.4pp78.5%above the sector's middle half▲ 2.5pp81.8%above the sector's middle half▲ 3.3pp88.4%above the sector's middle half▲ 6.5pp87.5%above the sector's middle half▼ 0.8pp
Current ratio4.53-6.95▲ 2.425.99above the sector's middle half▼ 0.966.72above the sector's middle half▲ 0.737.18above the sector's middle half▲ 0.4610.82above the sector's middle half▲ 3.638.21above the sector's middle half▼ 2.61
Return on assets (ROA)8.4%-10.3%▲ 1.9pp12.9%above the sector's middle half▲ 2.6pp11.0%within the sector's middle half▼ 1.9pp6.2%within the sector's middle half▼ 4.7pp8.8%within the sector's middle half▲ 2.5pp6.8%within the sector's middle half▼ 1.9pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 2024 is 23% lower than in 2023.
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
2024 in colour, 2023 as the grey bar beneath
Assets €646,386
Fixed assets
€23,565 ▼ 39.2%
Current assets
€622,821 ▲ 12.9%
Equity and liabilities €646,386
Equity
€565,873 ▲ 8.5%
Debt
€80,513 ▲ 17.2%
Debt's share of the balance-sheet total rises from 11.6% to 12.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68,779▼
2023 · €84,817
Cash flow
€59,479▼
2023 · €66,946
Debt to equity
0.14▲
2023 · 0.13
ROE
7.8%▼
2023 · 9.9%
Interest coverage
21.32▼
2023 · 29.79
Debt ≤ 1 year
€75,868▲
2023 · €50,999
Income taxes
€17,430▼
2023 · €25,386
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €57,888 | €43,985 | €36,615 | - |
| Carrying value of the other pledged assets | €57,325 | €42,590 | €27,855 | - |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | €4,751 | - | - |
| Depreciation and write-downs of the year | €15,553 | €15,091 | €15,210 | €15,210 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,233 | €12,608 | €2,433 | €15,553 | €15,091 | €15,210 | €15,210 | = |
| Other operating charges640/8 | - | - | - | €1,179 | €1,770 | €1,671 | €2,748 | ▲ 64.5% |
| Gross operating margin9900 | €51,478 | €60,249 | €87,780 | €92,017 | €61,013 | €86,488 | €71,527 | ▼ 17.3% |
| Operating profit (loss)9901 | €35,857 | €43,385 | €81,858 | €75,286 | €44,152 | €69,607 | €53,569 | ▼ 23.0% |
| Financial income75/76B | - | - | - | €12,300 | €11,404 | €10,363 | €11,356 | ▲ 9.6% |
| Recurring financial income75 | €28,859 | €28,557 | €43,559 | €12,300 | €11,404 | €10,363 | €11,356 | ▲ 9.6% |
| Financial charges65/66B | - | - | - | €2,724 | €3,539 | €2,848 | €3,227 | ▲ 13.3% |
| Recurring financial charges65 | €1,617 | €2,984 | €1,026 | €2,724 | €3,539 | €2,848 | €3,227 | ▲ 13.3% |
| Profit (loss) for the period before taxes9903 | €63,099 | €68,959 | €124,391 | €84,862 | €52,017 | €77,123 | €61,699 | ▼ 20.0% |
| Income taxes67/77 | €23,918 | €20,424 | €42,220 | €24,223 | €16,301 | €25,386 | €17,430 | ▼ 31.3% |
| Profit (loss) for the period9904 | €39,181 | €48,535 | €82,171 | €60,639 | €35,716 | €51,736 | €44,269 | ▼ 14.4% |
| Profit (loss) for the period to be appropriated9905 | €39,181 | €48,535 | €82,171 | €60,639 | €35,716 | €51,736 | €44,269 | ▼ 14.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €467,411 | €470,332 | €636,457 | €552,966 | €574,333 | €590,329 | €646,386 | ▲ 9.5% |
| Fixed assets21/28 | €11,790 | €8,636 | €79,878 | €64,325 | €53,985 | €38,775 | €23,565 | ▼ 39.2% |
| Tangible fixed assets22/27 | €11,790 | €1,636 | €72,878 | €57,325 | €46,985 | €31,775 | €16,565 | ▼ 47.9% |
| Furniture and vehicles24 | - | - | - | - | €4,395 | €3,920 | €3,445 | ▼ 12.1% |
| Leasing and similar rights25 | - | - | - | €57,325 | €42,590 | €27,855 | €13,120 | ▼ 52.9% |
| Financial fixed assets28 | - | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Current assets29/58 | €455,621 | €461,696 | €556,579 | €488,641 | €520,347 | €551,554 | €622,821 | ▲ 12.9% |
| Amounts receivable after more than one year29 | - | - | - | €429,838 | €476,731 | €521,406 | €562,466 | ▲ 7.9% |
| Other amounts receivable291 | - | - | - | €429,838 | €476,731 | €521,406 | €562,466 | ▲ 7.9% |
| Amounts receivable within one year40/41 | €324,170 | €430,267 | €521,445 | €34,799 | €30,435 | €17,320 | €50,287 | ▲ 190% |
| Trade receivables40 | - | - | - | €26,816 | €26,816 | €13,824 | €47,843 | ▲ 246% |
| Other amounts receivable41 | - | - | - | €7,983 | €3,619 | €3,496 | €2,444 | ▼ 30.1% |
| Current investments50/53 | €5,000 | - | - | €5,000 | €5,000 | - | €5,000 | - |
| Cash at bank and in hand54/58 | €87,464 | €7,975 | €21,208 | €12,222 | €470 | €5,078 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €6,782 | €7,711 | €7,750 | €5,068 | ▼ 34.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €467,411 | €470,332 | €636,457 | €552,966 | €574,333 | €590,329 | €646,386 | ▲ 9.5% |
| Equity10/15 | €352,863 | €401,398 | €483,569 | €434,152 | €469,868 | €521,604 | €565,873 | ▲ 8.5% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €346,663 | €395,198 | €477,369 | €427,952 | €463,668 | €515,404 | €559,673 | ▲ 8.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €426,092 | €461,808 | €513,544 | €557,813 | ▲ 8.6% |
| Amounts payable17/49 | €114,547 | €68,934 | €152,888 | €118,814 | €104,465 | €68,725 | €80,513 | ▲ 17.2% |
| Amounts payable after more than one year17 | €11,584 | - | €57,888 | €44,058 | €29,948 | €15,551 | - | - |
| Financial debts170/4 | - | - | - | €44,058 | €29,948 | €15,551 | - | - |
| Amounts payable within one year42/48 | €100,563 | €66,461 | €92,932 | €72,680 | €72,427 | €50,999 | €75,868 | ▲ 48.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €25,496 | €20,704 | €21,063 | €22,218 | ▲ 5.5% |
| Financial debts43 | - | - | - | - | €2,995 | €1,590 | €3,824 | ▲ 140% |
| Credit institutions430/8 | - | - | - | - | €2,995 | €1,590 | €3,824 | ▲ 140% |
| Trade debts44 | €5,912 | €2,248 | €6,085 | €2,787 | €14,041 | €2,595 | €12,036 | ▲ 364% |
| Suppliers440/4 | - | - | - | €2,787 | €14,041 | €2,595 | €12,036 | ▲ 364% |
| Taxes, remuneration and social security45 | - | - | - | €32,414 | €22,284 | €12,905 | €24,493 | ▲ 89.8% |
| Taxes450/3 | - | - | - | €32,414 | €22,284 | €12,905 | €19,993 | ▲ 54.9% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €4,500 | - |
| Other amounts payable47/48 | - | - | - | €11,983 | €12,403 | €12,846 | €13,297 | ▲ 3.5% |
| Accrued charges and deferred income492/3 | - | - | - | €2,076 | €2,090 | €2,175 | €4,645 | ▲ 114% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,181 | €48,535 | €82,171 | €60,639 | €35,716 | €51,736 | €44,269 | ▼ 14.4% |
| + Depreciation and write-downs630 | €12,233 | €12,608 | €2,433 | €15,553 | €15,091 | €15,210 | €15,210 | = |
| Operating cash flow (approximation) | €51,414 | €61,143 | €84,604 | €76,191 | €50,807 | €66,946 | €59,479 | ▼ 11.2% |
| Investment in fixed assets (approximation) | - | -€9,453 | -€73,675 | €0 | -€4,751 | €0 | €0 | - |
| Change in cash | - | -€79,488 | €13,233 | -€8,986 | -€11,753 | €4,609 | - | - |
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, 20,136 companies had the same profile as JOLYD has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
The bankruptcy probability of JOLYD itself is higher: 6.7% within 12 months. It rests on far more data about JOLYD than the profile alone.
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 20,136 companies, not a prediction for JOLYD. 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 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 15-04-2026 | 2026-00081091 | |
| 31-12-2023 | abbreviated format | 15-04-2026 | 2026-00081066 | |
| 31-12-2022 | abbreviated format | 01-09-2023 | 2023-00434849 | |
| 31-12-2021 | abbreviated format | 26-12-2022 | 2022-20546523 | |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-64900142 | |
| 31-12-2019 | abbreviated format | 14-10-2020 | 2020-61500350 | |
| 31-12-2018 | abbreviated format | 31-08-2019 | 2019-60700223 | |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-59500156 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-56000511 | |
| 31-12-2015 | abbreviated format | 30-09-2016 | 2016-63400079 |