JPBT
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 25-06-2026 at the NBB all 9 filings
Every figure per financial year
The operating result for 2025 is a loss of €3,439, larger than the loss of €462 in 2024. It is the lowest result since 2021.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,635 | - | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | - | €431 | €732 | €398 | €670 | ▲ 68.1% |
| Gross operating margin9900 | €23,845 | -€42,063 | -€128 | -€1,231 | -€2,650 | -€85 | -€64 | -€2,769 | ▼ 4,241% |
| Operating profit (loss)9901 | -€98,029 | -€61,964 | -€597 | -€1,231 | -€3,081 | -€817 | -€462 | -€3,439 | ▼ 644% |
| Recurring financial income75 | €0 | - | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €199 | €172 | €278 | €150 | €181 | ▲ 20.7% |
| Recurring financial charges65 | €8,935 | €316 | €308 | €199 | €172 | €278 | €150 | €181 | ▲ 20.7% |
| Profit (loss) for the period before taxes9903 | -€106,964 | -€88,624 | -€905 | -€1,430 | -€3,253 | -€1,095 | -€612 | -€3,620 | ▼ 492% |
| Income taxes67/77 | €0 | - | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€106,964 | -€88,624 | -€905 | -€1,430 | -€3,253 | -€1,095 | -€612 | -€3,620 | ▼ 492% |
| Profit (loss) for the period to be appropriated9905 | -€106,964 | -€88,624 | -€905 | -€1,430 | -€3,253 | -€1,095 | -€612 | -€3,620 | ▼ 492% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €137,211 | €3,374 | €92 | €2,762 | €3,509 | €2,914 | €2,701 | €93 | ▼ 96.6% |
| Fixed assets21/28 | €29,203 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €26,344 | - | - | - | - | - | - | - | - |
| Financial fixed assets28 | €2,859 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €108,009 | €3,374 | €92 | €2,762 | €3,509 | €2,914 | €2,701 | €93 | ▼ 96.6% |
| Stocks and contracts in progress3 | €42,386 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €42,521 | €1,976 | €12 | €2,755 | €3,232 | €2,500 | €2,500 | - | - |
| Trade receivables40 | - | - | - | €2,500 | €2,500 | €2,500 | €2,500 | - | - |
| Other amounts receivable41 | - | - | - | €255 | €732 | - | - | - | - |
| Cash at bank and in hand54/58 | €23,101 | €1,399 | €80 | €7 | €277 | €414 | €201 | €93 | ▼ 53.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €137,211 | €3,374 | €92 | €2,762 | €3,509 | €2,914 | €2,701 | €93 | ▼ 96.6% |
| Equity10/15 | -€280,679 | -€369,303 | -€370,208 | -€371,638 | -€374,891 | -€375,986 | -€376,598 | -€380,218 | ▼ 1.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | - | - | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | - | - | - | - | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€299,279 | -€387,903 | -€388,808 | -€390,238 | -€393,491 | -€394,586 | -€395,198 | -€398,818 | ▼ 0.9% |
| Amounts payable17/49 | €417,890 | €372,678 | €370,300 | €374,400 | €378,400 | €378,900 | €379,298 | €380,311 | ▲ 0.3% |
| Amounts payable within one year42/48 | €417,890 | €372,678 | €370,300 | €374,400 | €378,400 | €378,900 | €379,298 | €380,311 | ▲ 0.3% |
| Trade debts44 | €246,523 | €2,678 | - | - | - | - | €398 | €411 | ▲ 3.1% |
| Suppliers440/4 | - | - | - | - | - | - | €398 | €411 | ▲ 3.1% |
| Other amounts payable47/48 | - | - | - | €374,400 | €378,400 | €378,900 | €378,900 | €379,900 | ▲ 0.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€106,964 | -€88,624 | -€905 | -€1,430 | -€3,253 | -€1,095 | -€612 | -€3,620 | ▼ 492% |
| + Depreciation and write-downs630 | €9,635 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€97,328 | -€88,624 | -€905 | -€1,430 | -€3,253 | -€1,095 | -€612 | -€3,620 | ▼ 492% |
| Change in cash | - | -€21,703 | -€1,318 | -€73 | €270 | €137 | -€214 | -€108 | ▲ 49.7% |
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, 6,907 companies had the same profile as JPBT has now. Two years later, 85.4% were still going and 5.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JPBT itself: 3.2% 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 6,907 companies, not a prediction for JPBT. 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.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 25-06-2026 | 2026-00239159 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00425501 | |
| 31-12-2023 | micro format | 10-07-2024 | 2024-00236000 | |
| 31-12-2022 | full format | 12-06-2023 | 2023-00123100 | |
| 31-12-2021 | full format | 30-06-2022 | 2022-20119060 | |
| 31-12-2020 | full format | 23-06-2021 | 2021-23200112 | |
| 31-12-2019 | full format | 14-07-2020 | 2020-30100098 | |
| 31-12-2018 | full format | 11-06-2019 | 2019-17100508 | |
| 31-12-2017 | full format | 18-06-2018 | 2018-19400128 |