JONATHAN FOX

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Private limited company (pre-2019)founded 2000active for 26 yearsRue Désiré Seutin(W-B) 17, 1440 Braine-le-Château, BelgiumKBO/BCE: BE 0471.681.702

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Financials · financial year 2023, micro format

2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 3 November 2026.

Annual accounts 2023 filed on 26-08-2024 PDF all 24 filings

Turnover

≈ €220,000

Estimated: probably between €140,000 and €380,000

Total assets

€163,659▲ 32.3%

2022 · €123,712

Net result

€43,860▲ 226%

2022 · €13,435

Working capital

€76,691▼ 2.6%

2022 · €78,760

Multi-year overview

2018 to 2023, 6 financial years

Operating result

€61,391

▲ 228% 2023

20182023

Net result

€43,860

▲ 226% 2023

highest quarter of the sector

20182023

Equity

€118,841

▲ 29.9% 2023

highest quarter of the sector

20182023

Total assets

€163,659

▲ 32.3% 2023

middle half of the sector

20182023

Debt

€44,818

▲ 39.0% 2023

20182023

Working capital

€76,691

▼ 2.6% 2023

highest quarter of the sector

20182023

Solvency

72.6%

▼ 1.3pp 2023

highest quarter of the sector

20182023

Current ratio

2.71

▼ 0.73 2023

middle half of the sector

20182023

Return on assets (ROA)

26.8%

▲ 15.9pp 2023

highest quarter of the sector

20182023

Every figure per financial year

Every figure with its change against the financial year before

favourable unfavourable

Line201820192020202120222023

Operating result€39,583-€15,143▼ 61.7%€34,125▲ 125%€13,439▼ 60.6%€18,740▲ 39.4%€61,391▲ 228%

Net result€30,130-€10,720▼ 64.4%€26,586▲ 148%-€2,336€13,435€43,860▲ 226%

Equity€146,725-€125,946▼ 14.2%€112,532▼ 10.7%€93,046▼ 17.3%€91,481▼ 1.7%€118,841▲ 29.9%

Total assets€167,429-€180,614▲ 7.9%€148,158▼ 18.0%€125,207▼ 15.5%€123,712▼ 1.2%€163,659▲ 32.3%

Debt€20,704-€54,669▲ 164%€35,626▼ 34.8%€32,161▼ 9.7%€32,231▲ 0.2%€44,818▲ 39.0%

Working capital€137,562-€105,842▼ 23.1%€84,752▼ 19.9%€72,169▼ 14.8%€78,760▲ 9.1%€76,691▼ 2.6%

Solvency87.6%-69.7%▼ 17.9pp76.0%▲ 6.2pp74.3%▼ 1.6pp73.9%▼ 0.4pp72.6%▼ 1.3pp

Current ratio7.64-3.19▼ 4.463.66▲ 0.483.34▼ 0.333.44▲ 0.112.71▼ 0.73

Return on assets (ROA)18.0%-5.9%▼ 12.1pp17.9%▲ 12.0pp-1.9%▼ 19.8pp10.9%▲ 12.7pp26.8%▲ 15.9pp

above within below The sector band is the middle half of the companies in Education (NACE 85). 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 2023 is nearly 3.3 times that of 2022 and the highest since 2019. It is the second rise in a row, after the fall in 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

2023 in colour, 2022 as the grey bar beneath

Assets €163,659

25.8%

74.2%

Fixed assets €42,151 ▲ 231%

Current assets €121,508 ▲ 9.5%

Equity and liabilities €163,659

72.6%

27.4%

Equity €118,841 ▲ 29.9%

Debt €44,818 ▲ 39.0%

Debt's share of the balance-sheet total rises from 26.1% to 27.4%. Equity and debt are higher.

Key figures and ratios

2023 value · change against 2022

EBITDA

€65,001▲

2022 · €28,179

Cash flow

€47,471▲

2022 · €22,873

Debt to equity

0.38▲

2022 · 0.35

ROE

36.9%▲

2022 · 14.7%

Interest coverage

over 100▲

2022 · 78.17

Debt ≤ 1 year

€44,818▲

2022 · €32,231

Income taxes

€17,188▲

2022 · €4,945

Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired

Item	2021	2022	2023
Tangible fixed assets	-	-	€42,489
Depreciation and write-downs of the year	€9,439	€9,439	€3,610

Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2023 against 2022 · 43 lines

Balance sheet Code20222023

Assets

Total assets20/58€123,712€163,659▲

Fixed assets21/28€12,721€42,151▲

Tangible fixed assets22/27€12,576€42,006▲

Furniture and vehicles24€12,576€42,006▲

Financial fixed assets28€144€144=

Current assets29/58€110,992€121,508▲

Amounts receivable within one year40/41€97,392€77,406▼

Trade receivables40€88,583€76,351▼

Other amounts receivable41€8,810€1,055▼

Cash at bank and in hand54/58€13,599€44,102▲

Equity and liabilities

Total equity and liabilities10/49€123,712€163,659▲

Equity10/15€91,481€118,841▲

Contributions10/11€6,273€6,273=

Reserves13€3,106€3,106=

Non-distributable reserves130/1€3,106€3,106=

Reserves not available under the articles1311€3,106€3,106=

Profit (loss) carried forward14€82,102€109,463▲

Amounts payable17/49€32,231€44,818▲

Amounts payable within one year42/48€32,231€44,818▲

Current portion of amounts payable after more than one year42€3,294€851▼

Trade debts44€429€330▼

Suppliers440/4€429€330▼

Taxes, remuneration and social security45€10,130€25,578▲

Taxes450/3€10,130€25,578▲

Other amounts payable47/48€18,379€18,058▼

Income statement Code20222023

Non-recurring operating income76A€2,698€17,411▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,439€3,610▼

Other operating charges640/8€106€63▼

Non-recurring operating charges66A€6,164€7,778▲

Gross operating margin9900€34,449€72,842▲

Operating profit (loss)9901€18,740€61,391▲

Financial income75/76B-€72

Recurring financial income75-€72

Financial charges65/66B€360€414▲

Recurring financial charges65€360€414▲

Profit (loss) for the period before taxes9903€18,380€61,049▲

Income taxes67/77€4,945€17,188▲

Profit (loss) for the period9904€13,435€43,860▲

Profit (loss) for the period to be appropriated9905€13,435€43,860▲

Appropriation of the result

Profit (loss) to be appropriated9906€97,102€125,963▲

Profit (loss) brought forward from the previous period14P€83,667€82,102▼

Profit to be distributed694/7€15,000€16,500▲

Return on contributions (dividend)694€15,000€16,500▲

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2023 (PDF), filed on 26-08-2024.

Line	2018	2019	2020	2021	2022	2023	Change
Non-recurring operating income76A	-	-	-	-	€2,698	€17,411	▲ 545%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€6,683	€6,874	€8,509	€9,439	€9,439	€3,610	▼ 61.7%
Other operating charges640/8	-	-	-	€195	€106	€63	▼ 40.6%
Non-recurring operating charges66A	-	-	-	-	€6,164	€7,778	▲ 26.2%
Gross operating margin9900	€47,007	€26,030	€42,719	€23,073	€34,449	€72,842	▲ 111%
Operating profit (loss)9901	€39,583	€15,143	€34,125	€13,439	€18,740	€61,391	▲ 228%
Financial income75/76B	-	-	-	-	-	€72	-
Recurring financial income75	-	-	-	-	-	€72	-
Financial charges65/66B	-	-	-	€431	€360	€414	▲ 14.9%
Recurring financial charges65	€507	€454	€602	€431	€360	€414	▲ 14.9%
Profit (loss) for the period before taxes9903	€39,076	€14,688	€33,522	€13,008	€18,380	€61,049	▲ 232%
Income taxes67/77	€8,946	€3,968	€6,936	€15,343	€4,945	€17,188	▲ 248%
Profit (loss) for the period9904	€30,130	€10,720	€26,586	-€2,336	€13,435	€43,860	▲ 226%
Profit (loss) for the period to be appropriated9905	€30,130	€10,720	€26,586	-€2,336	€13,435	€43,860	▲ 226%

Line	2018	2019	2020	2021	2022	2023	Change
Assets
Total assets20/58	€167,429	€180,614	€148,158	€125,207	€123,712	€163,659	▲ 32.3%
Fixed assets21/28	€9,163	€26,421	€31,598	€22,159	€12,721	€42,151	▲ 231%
Tangible fixed assets22/27	€9,019	€26,277	€31,454	€22,015	€12,576	€42,006	▲ 234%
Furniture and vehicles24	-	-	-	€22,015	€12,576	€42,006	▲ 234%
Financial fixed assets28	€144	€144	€144	€144	€144	€144	=
Current assets29/58	€158,266	€154,193	€116,560	€103,048	€110,992	€121,508	▲ 9.5%
Amounts receivable within one year40/41	€133,519	€101,671	€71,866	€96,869	€97,392	€77,406	▼ 20.5%
Trade receivables40	-	-	-	€89,115	€88,583	€76,351	▼ 13.8%
Other amounts receivable41	-	-	-	€7,754	€8,810	€1,055	▼ 88.0%
Cash at bank and in hand54/58	€24,747	€52,522	€44,695	€6,178	€13,599	€44,102	▲ 224%
Equity and liabilities
Total equity and liabilities10/49	€167,429	€180,614	€148,158	€125,207	€123,712	€163,659	▲ 32.3%
Equity10/15	€146,725	€125,946	€112,532	€93,046	€91,481	€118,841	▲ 29.9%
Contributions10/11	€6,273	€6,273	-	€6,273	€6,273	€6,273	=
Reserves13	€3,106	€3,106	€3,106	€3,106	€3,106	€3,106	=
Non-distributable reserves130/1	-	-	-	€3,106	€3,106	€3,106	=
Reserves not available under the articles1311	-	-	-	€3,106	€3,106	€3,106	=
Profit (loss) carried forward14	€137,346	€116,567	€103,153	€83,667	€82,102	€109,463	▲ 33.3%
Amounts payable17/49	€20,704	€54,669	€35,626	€32,161	€32,231	€44,818	▲ 39.0%
Amounts payable after more than one year17	-	€6,318	€3,818	€1,282	-	-	-
Financial debts170/4	-	-	-	€1,282	-	-	-
Amounts payable within one year42/48	€20,704	€48,351	€31,808	€30,879	€32,231	€44,818	▲ 39.0%
Current portion of amounts payable after more than one year42	-	-	-	€2,536	€3,294	€851	▼ 74.2%
Trade debts44	€76	€3,511	€13,611	€31	€429	€330	▼ 23.0%
Suppliers440/4	-	-	-	€31	€429	€330	▼ 23.0%
Taxes, remuneration and social security45	-	-	-	€9,917	€10,130	€25,578	▲ 153%
Taxes450/3	-	-	-	€9,917	€10,130	€25,578	▲ 153%
Other amounts payable47/48	-	-	-	€18,395	€18,379	€18,058	▼ 1.7%

Line	2018	2019	2020	2021	2022	2023	Change
Profit (loss) for the period9904	€30,130	€10,720	€26,586	-€2,336	€13,435	€43,860	▲ 226%
+ Depreciation and write-downs630	€6,683	€6,874	€8,509	€9,439	€9,439	€3,610	▼ 61.7%
Operating cash flow (approximation)	€36,813	€17,594	€35,096	€7,103	€22,873	€47,471	▲ 108%
Investment in fixed assets (approximation)	-	-€24,132	-€13,686	€0	€0	-€33,040	-
Change in cash	-	€27,775	-€7,827	-€38,516	€7,421	€30,503	▲ 311%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 24 filings with the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2023	micro format	26-08-2024	2024-00368359	PDF
31-12-2022	micro format	30-09-2023	2023-00462819	PDF
31-12-2021	micro format	19-08-2022	2022-20296914	PDF
31-12-2020	micro format	29-07-2021	2021-43100057	PDF
31-12-2019	micro format	18-08-2020	2020-42200336	PDF
31-12-2018	micro format	31-08-2019	2019-62600054	PDF
31-12-2017	micro format	31-08-2018	2018-60100051	PDF
31-12-2016	micro format	04-12-2017	2017-71100102	PDF
31-12-2015	full format	31-08-2016	2016-51400346	PDF
31-12-2014	full format	31-08-2015	2015-50100375	PDF

Show all 24 filings

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