JOS DEDROOG
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 26 days after the deadline Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00428397.
Annual accounts 2025 filed on 26-08-2026 at the NBB all 21 filings
Turnover
≈ €160,000
Estimated: probably between €89,000 and €250,000
Total assets
€18,078▲ 58.3%
2024 · €11,424
Net result
€8,206
2024 · -€20,954
Working capital
-€12,498▲ 45.3%
2024 · -€22,838
Multi-year overview
2018 to 2025, 7 financial yearsOperating result
€10,857
2025
20182025
Net result
€8,206
2025
middle half of the sector
20182025
Equity
-€11,351
▲ 42.0%
2025
lowest quarter of the sector
20182025
Total assets
€18,078
▲ 58.3%
2025
lowest quarter of the sector
20182025
Debt
€29,429
▼ 5.0%
2025
20182025
Working capital
-€12,498
▲ 45.3%
2025
lowest quarter of the sector
20182025
Solvency
-62.8%
▲ 108.4pp
2025
lowest quarter of the sector
20182025
Current ratio
0.58
▲ 0.31
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
45.4%
▲ 228.8pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220242025
Operating result€5,486-€3,330▼ 39.3%-€16,581-€25,944▼ 56.5%€8,022-€18,551-€10,857
Net result€1,865--€1-€20,006below the sector's middle half▼ 2,899,251%-€29,539below the sector's middle half▼ 47.7%€4,443within the sector's middle half-€20,954below the sector's middle half-€8,206within the sector's middle half
Equity€39,371-€39,371=€19,365below the sector's middle half▼ 50.8%-€10,174below the sector's middle half-€5,731below the sector's middle half▲ 43.7%-€19,557below the sector's middle half--€11,351below the sector's middle half▲ 42.0%
Total assets€110,012-€109,469▼ 0.5%€116,016within the sector's middle half▲ 6.0%€70,998within the sector's middle half▼ 38.8%€81,512within the sector's middle half▲ 14.8%€11,424below the sector's middle half-€18,078below the sector's middle half▲ 58.3%
Debt€70,640-€70,098▼ 0.8%€96,651▲ 37.9%€81,173▼ 16.0%€87,243▲ 7.5%€30,981-€29,429▼ 5.0%
Working capital€61,290-€63,550▲ 3.7%€42,903within the sector's middle half▼ 32.5%€13,397within the sector's middle half▼ 68.8%-€5,877below the sector's middle half-€22,838below the sector's middle half--€12,498below the sector's middle half▲ 45.3%
Solvency35.8%-36.0%▲ 0.2pp16.7%below the sector's middle half▼ 19.3pp-14.3%below the sector's middle half▼ 31.0pp-7.0%below the sector's middle half▲ 7.3pp-171.2%below the sector's middle half--62.8%below the sector's middle half▲ 108.4pp
Current ratio2.26-2.42▲ 0.161.59within the sector's middle half▼ 0.831.23within the sector's middle half▼ 0.360.93below the sector's middle half▼ 0.300.26below the sector's middle half-0.58below the sector's middle half▲ 0.31
Return on assets (ROA)1.7%-0.0%▼ 1.7pp-17.2%below the sector's middle half▼ 17.2pp-41.6%below the sector's middle half▼ 24.4pp5.5%within the sector's middle half▲ 47.1pp-183.4%below the sector's middle half-45.4%above the sector's middle half▲ 228.8pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 €10,857, after a loss of €18,551 in 2024. It is the highest result since 2020.
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 €18,078
Fixed assets
€1,147 ▼ 65.0%
Current assets
€16,931 ▲ 108%
Equity and liabilities
Equity-€11,351
Debt€29,429
Equity is negative. Debt (€29,429) exceeds the balance-sheet total (€18,078).
Key figures and ratios
EBITDA
€12,990▲
2024 · -€16,418
Cash flow
€10,339▲
2024 · -€18,820
Quick ratio
0.37▲
2024 · 0.07
Interest coverage
4.54▲
2024 · -6.83
Debt ≤ 1 year
€29,429▼
2024 · €30,981
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €16,619 | €14,307 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €496 | €496 | €496 | - | €2,133 | €2,133 | = |
| Other operating charges640/8 | - | €4,921 | - | - | €177 | €1,108 | €690 | ▼ 37.7% |
| Gross operating margin9900 | €26,261 | €25,365 | -€1,778 | -€25,448 | €8,200 | -€15,310 | €13,680 | - |
| Operating profit (loss)9901 | €5,486 | €3,330 | -€16,581 | -€25,944 | €8,022 | -€18,551 | €10,857 | - |
| Financial income75/76B | - | €1 | €15 | €42 | €10 | - | €210 | - |
| Recurring financial income75 | - | €1 | €15 | €42 | €10 | - | €210 | - |
| Financial charges65/66B | - | €3,116 | €3,439 | €3,637 | €3,589 | €2,402 | €2,861 | ▲ 19.1% |
| Recurring financial charges65 | €3,125 | €3,116 | €3,439 | €3,637 | €3,589 | €2,402 | €2,861 | ▲ 19.1% |
| Profit (loss) for the period before taxes9903 | €2,361 | €215 | -€20,006 | -€29,539 | €4,443 | -€20,954 | €8,206 | - |
| Income taxes67/77 | €496 | €215 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €1,865 | -€1 | -€20,006 | -€29,539 | €4,443 | -€20,954 | €8,206 | - |
| Profit (loss) for the period to be appropriated9905 | €1,865 | -€1 | -€20,006 | -€29,539 | €4,443 | -€20,954 | €8,206 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €110,012 | €109,469 | €116,016 | €70,998 | €81,512 | €11,424 | €18,078 | ▲ 58.3% |
| Formation expenses20 | - | - | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €146 | €1,137 | €642 | €146 | €146 | €3,280 | €1,147 | ▼ 65.0% |
| Tangible fixed assets22/27 | €146 | €1,137 | €642 | €146 | €146 | €3,280 | €1,147 | ▼ 65.0% |
| Land and buildings22 | - | €146 | €146 | €146 | €146 | €0 | €0 | - |
| Plant, machinery and equipment23 | - | - | - | - | €0 | €0 | €0 | - |
| Furniture and vehicles24 | - | €991 | €496 | - | €0 | €3,280 | €1,147 | ▼ 65.0% |
| Current assets29/58 | €109,865 | €108,332 | €115,374 | €70,852 | €81,366 | €8,143 | €16,931 | ▲ 108% |
| Stocks and contracts in progress3 | €19,000 | €63,956 | €63,956 | €63,956 | €19,000 | €6,000 | €6,000 | = |
| Stocks30/36 | - | €19,000 | €19,000 | €19,000 | €19,000 | €6,000 | €6,000 | = |
| Contracts in progress37 | - | €44,956 | €44,956 | €44,956 | - | - | - | - |
| Amounts receivable within one year40/41 | €42,435 | €40,901 | €47,943 | €6,896 | €62,366 | €2,143 | €10,931 | ▲ 410% |
| Trade receivables40 | - | €38,730 | €44,218 | €6,896 | €53,733 | €1,376 | €2,309 | ▲ 67.8% |
| Other amounts receivable41 | - | €2,171 | €3,725 | - | €8,633 | €767 | €8,622 | ▲ 11× |
| Cash at bank and in hand54/58 | €3,475 | €3,475 | €3,475 | - | - | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €110,012 | €109,469 | €116,016 | €70,998 | €81,512 | €11,424 | €18,078 | ▲ 58.3% |
| Equity10/15 | €39,371 | €39,371 | €19,365 | -€10,174 | -€5,731 | -€19,557 | -€11,351 | ▲ 42.0% |
| Contributions10/11 | €48,600 | €48,600 | €48,600 | €48,600 | €48,600 | €48,600 | €48,600 | = |
| Capital10 | - | €48,600 | €48,600 | - | - | - | - | - |
| Issued capital100 | - | €48,600 | €48,600 | - | - | - | - | - |
| Contributions outside capital11 | - | - | - | €48,600 | - | - | - | - |
| Other1109/19 | - | - | - | €48,600 | - | - | - | - |
| Profit (loss) carried forward14 | -€9,229 | -€9,229 | -€29,235 | -€58,774 | -€54,331 | -€68,157 | -€59,951 | ▲ 12.0% |
| Amounts payable17/49 | €70,640 | €70,098 | €96,651 | €81,173 | €87,243 | €30,981 | €29,429 | ▼ 5.0% |
| Amounts payable after more than one year17 | €17,086 | €25,317 | €24,180 | €23,717 | - | - | - | - |
| Other amounts payable178/9 | - | €25,317 | €24,180 | €23,717 | - | - | - | - |
| Amounts payable within one year42/48 | €48,575 | €44,782 | €72,471 | €57,455 | €87,243 | €30,981 | €29,429 | ▼ 5.0% |
| Financial debts43 | - | €19,871 | €19,169 | €10,772 | €28,764 | €26,978 | €21,524 | ▼ 20.2% |
| Credit institutions430/8 | - | €19,871 | €19,169 | €10,772 | €28,764 | €26,978 | €21,524 | ▼ 20.2% |
| Trade debts44 | €6,742 | €1,777 | €27,610 | €23,471 | €56,244 | €1,182 | €7,905 | ▲ 569% |
| Suppliers440/4 | - | €1,777 | €27,610 | €23,471 | €56,244 | €1,182 | €7,905 | ▲ 569% |
| Taxes, remuneration and social security45 | - | €21,651 | €25,692 | €23,211 | €2,236 | €2,236 | - | - |
| Taxes450/3 | - | €3,107 | €3,903 | €5,791 | €2,236 | €2,236 | - | - |
| Remuneration and social security454/9 | - | €18,544 | €21,790 | €17,420 | - | - | - | - |
| Other amounts payable47/48 | - | €1,482 | - | - | - | €586 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,865 | -€1 | -€20,006 | -€29,539 | €4,443 | -€20,954 | €8,206 | - |
| + Depreciation and write-downs630 | - | €496 | €496 | €496 | - | €2,133 | €2,133 | = |
| Operating cash flow (approximation) | €1,865 | €495 | -€19,510 | -€29,044 | €4,443 | -€18,820 | €10,339 | - |
| Investment in fixed assets (approximation) | - | -€1,487 | €0 | €0 | €0 | - | €0 | - |
| Change in cash | - | €0 | €0 | - | - | - | - | - |
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, 3,794 companies had the same profile as JOS DEDROOG has now. Two years later, 91.5% were still going and 2.7% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
91.5%
was still going
5.3%
stopped otherwise
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JOS DEDROOG itself: 1.8% 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 3,794 companies, not a prediction for JOS DEDROOG. 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 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-08-2026 | 2026-00428397 | |
| 31-12-2024 | micro format | 09-09-2025 | 2025-00490894 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00436039 | |
| 31-12-2021 | micro format | 05-08-2022 | 2022-20281129 | |
| 31-12-2020 | micro format | 05-08-2022 | 2022-20281278 | |
| 31-12-2019 | micro format | 05-08-2022 | 2022-20280907 | |
| 31-12-2018 | micro format | 28-07-2020 | 2020-35500498 | |
| 31-12-2017 | micro format | 10-01-2019 | 2019-01400153 | |
| 31-12-2016 | abbreviated format | 17-11-2017 | 2017-69800496 | |
| 31-12-2015 | abbreviated format | 17-11-2017 | 2017-69800490 |