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.
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 |