JONAKO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-04-2026 PDF all 23 filings
Turnover
≈ €170,000
Estimated: probably between €150,000 and €210,000
Total assets
€537,741▲ 10.3%
2024 · €487,669
Net result
€82,906▲ 12×
2024 · €6,979
Working capital
€215,217▲ 103%
2024 · €106,218
In the rankings
#5 oldest company in Zonhoven, Telecoms and IT sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€38,823
2025
20192025
Net result
€82,906
▲ 12×
2025
highest quarter of the sector
20192025
Equity
€303,292
▲ 37.6%
2025
highest quarter of the sector
20192025
Total assets
€537,741
▲ 10.3%
2025
highest quarter of the sector
20192025
Debt
€234,449
▼ 12.3%
2025
20192025
Working capital
€215,217
▲ 103%
2025
highest quarter of the sector
20192025
Solvency
56.4%
▲ 11.2pp
2025
middle half of the sector
20192025
Current ratio
1.92
▲ 0.52
2025
middle half of the sector
20192025
Return on assets (ROA)
15.4%
▲ 14.0pp
2025
middle half of the sector
20192025
Staff (FTE)
1
=
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€56,000-€43,631▼ 22.1%€54,472▲ 24.8%-€31,494-€17,079▲ 45.8%-€16,968▲ 0.7%€38,823
Net result€32,723-€28,654within the sector's middle half▼ 12.4%€38,949within the sector's middle half▲ 35.9%-€31,911below the sector's middle half€13,656within the sector's middle half€6,979within the sector's middle half▼ 48.9%€82,906above the sector's middle half▲ 12×
Equity€463,898-€492,551above the sector's middle half▲ 6.2%€531,500above the sector's middle half▲ 7.9%€499,589above the sector's middle half▼ 6.0%€513,245above the sector's middle half▲ 2.7%€220,386above the sector's middle half▼ 57.1%€303,292above the sector's middle half▲ 37.6%
Total assets€610,656-€633,022above the sector's middle half▲ 3.7%€712,010above the sector's middle half▲ 12.5%€538,146above the sector's middle half▼ 24.4%€620,453above the sector's middle half▲ 15.3%€487,669above the sector's middle half▼ 21.4%€537,741above the sector's middle half▲ 10.3%
Debt€32,598-€26,310▼ 19.3%€66,350▲ 152%€38,557▼ 41.9%€107,209▲ 178%€267,283▲ 149%€234,449▼ 12.3%
Working capital€531,061-€558,616above the sector's middle half▲ 5.2%€571,236above the sector's middle half▲ 2.3%€431,981above the sector's middle half▼ 24.4%€369,012above the sector's middle half▼ 14.6%€106,218within the sector's middle half▼ 71.2%€215,217above the sector's middle half▲ 103%
Solvency76.0%-77.8%within the sector's middle half▲ 1.8pp74.6%within the sector's middle half▼ 3.2pp92.8%above the sector's middle half▲ 18.2pp82.7%above the sector's middle half▼ 10.1pp45.2%within the sector's middle half▼ 37.5pp56.4%within the sector's middle half▲ 11.2pp
Current ratio17.29-22.23above the sector's middle half▲ 4.949.61above the sector's middle half▼ 12.6212.20above the sector's middle half▲ 2.594.44within the sector's middle half▼ 7.761.40within the sector's middle half▼ 3.041.92within the sector's middle half▲ 0.52
Return on assets (ROA)5.4%-4.5%within the sector's middle half▼ 0.8pp5.5%within the sector's middle half▲ 0.9pp-5.9%below the sector's middle half▼ 11.4pp2.2%below the sector's middle half▲ 8.1pp1.4%below the sector's middle half▼ 0.8pp15.4%within the sector's middle half▲ 14.0pp
Staff (FTE)1-1.1within the sector's middle half▲ 10.0%1▼ 9.1%1=1=1=1=
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 €38,823, after a loss of €16,968 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The micro 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 €537,741
Fixed assets
€88,075 ▼ 22.9%
Current assets
€449,666 ▲ 20.4%
Equity and liabilities €537,741
Equity
€303,292 ▲ 37.6%
Debt
€234,449 ▼ 12.3%
Debt's share of the balance-sheet total falls from 54.8% to 43.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70,227▲
2024 · €14,360
Cash flow
€114,309▲
2024 · €38,307
Debt to equity
0.77▼
2024 · 1.21
ROE
27.3%▲
2024 · 3.2%
Interest coverage
8.17▼
2024 · over 100
Debt ≤ 1 year
€234,449▼
2024 · €267,283
Income taxes
€21,429▲
2024 · €9,226
Staff costs
€36,934▲
2024 · €35,831
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | - | 1 | 1 | - | 1 |
| full-time | - | 1 | 1 | - | 1 |
| in full-time equivalents | - | 1 | 1 | - | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| On a permanent contract | - | 1 | 1 | - | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €39,298 | €8,923 | €105,752 | €1,264 | €5,310 |
| Depreciation and write-downs of the year | €12,049 | €15,739 | €24,259 | €31,328 | €31,404 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €771 awarded · €1,001 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €261 | €261 |
| 2024 | 1 | €255 | €255 |
| 2023 | 1 | €0 | €230 |
| 2022 | 1 | €255 | €255 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €400 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €29,155 | €32,593 | €35,938 | €35,831 | €36,934 | ▲ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,871 | €10,688 | €12,049 | €15,739 | €24,259 | €31,328 | €31,404 | ▲ 0.2% |
| Other operating charges640/8 | - | - | €849 | €570 | €1,400 | €1,499 | €1,226 | ▼ 18.2% |
| Non-recurring operating charges66A | - | - | €919 | - | €4,868 | - | - | - |
| Gross operating margin9900 | €102,994 | €87,707 | €97,445 | €17,408 | €49,386 | €51,691 | €108,386 | ▲ 110% |
| Operating profit (loss)9901 | €56,000 | €43,631 | €54,472 | -€31,494 | -€17,079 | -€16,968 | €38,823 | - |
| Financial income75/76B | - | - | €1 | €5 | €35,809 | €33,244 | €74,102 | ▲ 123% |
| Recurring financial income75 | €1 | €6,618 | €1 | €5 | €35,809 | €33,244 | €74,102 | ▲ 123% |
| Financial charges65/66B | - | - | €51 | €164 | €68 | €71 | €8,590 | ▲ 120× |
| Recurring financial charges65 | €68 | €48 | €51 | €164 | €68 | €71 | €8,590 | ▲ 120× |
| Profit (loss) for the period before taxes9903 | €55,933 | €50,202 | €54,422 | -€31,653 | €18,662 | €16,205 | €104,334 | ▲ 544% |
| Income taxes67/77 | €23,210 | €21,548 | €15,474 | €258 | €5,006 | €9,226 | €21,429 | ▲ 132% |
| Profit (loss) for the period9904 | €32,723 | €28,654 | €38,949 | -€31,911 | €13,656 | €6,979 | €82,906 | ▲ 12× |
| Profit (loss) for the period to be appropriated9905 | €32,723 | €28,654 | €38,949 | -€31,911 | €13,656 | €6,979 | €82,906 | ▲ 12× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €610,656 | €633,022 | €712,010 | €538,146 | €620,453 | €487,669 | €537,741 | ▲ 10.3% |
| Fixed assets21/28 | €46,997 | €48,095 | €74,424 | €67,608 | €144,232 | €114,169 | €88,075 | ▼ 22.9% |
| Tangible fixed assets22/27 | €46,997 | €48,095 | €74,424 | €67,608 | €144,232 | €114,169 | €88,075 | ▼ 22.9% |
| Land and buildings22 | - | - | €41,664 | €36,434 | €44,939 | €38,445 | €32,123 | ▼ 16.4% |
| Plant, machinery and equipment23 | - | - | €7,238 | €4,735 | €3,450 | €1,968 | €2,227 | ▲ 13.1% |
| Furniture and vehicles24 | - | - | €25,522 | €26,439 | €95,843 | €73,756 | €53,725 | ▼ 27.2% |
| Current assets29/58 | €563,659 | €584,926 | €637,586 | €470,538 | €476,221 | €373,500 | €449,666 | ▲ 20.4% |
| Amounts receivable within one year40/41 | €21,148 | €25,643 | €22,100 | €26,566 | €24,289 | €23,514 | €24,223 | ▲ 3.0% |
| Trade receivables40 | - | - | €22,100 | €21,377 | €23,514 | €23,514 | €24,223 | ▲ 3.0% |
| Other amounts receivable41 | - | - | - | €5,189 | €775 | - | - | - |
| Current investments50/53 | €153,830 | €264,901 | €355,530 | €355,382 | €390,996 | €322,002 | €194,970 | ▼ 39.5% |
| Cash at bank and in hand54/58 | €383,680 | €294,382 | €259,957 | €88,590 | €60,936 | €27,984 | €220,130 | ▲ 687% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €10,342 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €610,656 | €633,022 | €712,010 | €538,146 | €620,453 | €487,669 | €537,741 | ▲ 10.3% |
| Equity10/15 | €463,898 | €492,551 | €531,500 | €499,589 | €513,245 | €220,386 | €303,292 | ▲ 37.6% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €445,298 | €473,951 | €512,900 | €480,989 | €494,645 | €201,786 | €284,692 | ▲ 41.1% |
| 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 | = |
| Tax-exempt reserves132 | - | - | €51,720 | €51,720 | €51,720 | €51,720 | €51,720 | = |
| Distributable reserves133 | - | - | €459,319 | €427,408 | €441,064 | €148,206 | €231,112 | ▲ 55.9% |
| Provisions and deferred taxes16 | €114,160 | €114,160 | €114,160 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | €114,160 | - | - | - | - | - |
| Pensions and similar obligations160 | - | - | €114,160 | - | - | - | - | - |
| Amounts payable17/49 | €32,598 | €26,310 | €66,350 | €38,557 | €107,209 | €267,283 | €234,449 | ▼ 12.3% |
| Amounts payable within one year42/48 | €32,598 | €26,310 | €66,350 | €38,557 | €107,209 | €267,283 | €234,449 | ▼ 12.3% |
| Trade debts44 | €1,797 | €6,197 | €2,256 | €2,345 | €2,161 | €5,409 | €3,449 | ▼ 36.2% |
| Suppliers440/4 | - | - | €2,256 | €2,345 | €2,161 | €5,409 | €3,449 | ▼ 36.2% |
| Taxes, remuneration and social security45 | - | - | €38,857 | €8,859 | €18,563 | €13,858 | €23,216 | ▲ 67.5% |
| Taxes450/3 | - | - | €23,632 | €4,163 | €8,017 | €8,362 | €14,220 | ▲ 70.1% |
| Remuneration and social security454/9 | - | - | €15,225 | €4,697 | €10,545 | €5,496 | €8,996 | ▲ 63.7% |
| Other amounts payable47/48 | - | - | €25,237 | €27,353 | €86,486 | €248,016 | €207,784 | ▼ 16.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,723 | €28,654 | €38,949 | -€31,911 | €13,656 | €6,979 | €82,906 | ▲ 12× |
| + Depreciation and write-downs630 | €21,871 | €10,688 | €12,049 | €15,739 | €24,259 | €31,328 | €31,404 | ▲ 0.2% |
| Operating cash flow (approximation) | €54,594 | €39,342 | €50,998 | -€16,172 | €37,915 | €38,307 | €114,309 | ▲ 198% |
| Investment in fixed assets (approximation) | - | -€11,787 | -€38,378 | -€8,923 | -€100,883 | -€1,264 | -€5,310 | ▼ 320% |
| Change in cash | - | -€89,298 | -€34,426 | -€171,366 | -€27,654 | -€32,952 | €192,147 | - |
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, 31,368 companies had the same profile as JONAKO has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JONAKO itself: < 0.1% 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 31,368 companies, not a prediction for JONAKO. 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 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00097393 | |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00085460 | |
| 30-09-2023 | micro format | 04-04-2024 | 2024-00057155 | |
| 30-09-2022 | micro format | 29-03-2023 | 2023-00047738 | |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20013645 | |
| 30-09-2020 | micro format | 29-04-2021 | 2021-11800551 | |
| 30-09-2019 | micro format | 09-04-2020 | 2020-08900231 | |
| 30-09-2018 | micro format | 28-03-2019 | 2019-08400345 | |
| 30-09-2017 | micro format | 28-03-2018 | 2018-08300088 | |
| 30-09-2016 | abbreviated format | 23-03-2017 | 2017-07100232 |