JRD PROJECTS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is 46% higher than in 2024. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €2,681 | €1,353 | €3,099 | €562 |
| Depreciation and write-downs of the year | €744 | €929 | €1,109 | €1,586 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €744 | €929 | €1,109 | €1,586 | ▲ 43.0% |
| Other operating charges640/8 | €270 | €180 | €191 | €193 | ▲ 1.0% |
| Gross operating margin9900 | €45,910 | €26,879 | €27,786 | €40,332 | ▲ 45.2% |
| Operating profit (loss)9901 | €44,896 | €25,770 | €26,486 | €38,553 | ▲ 45.6% |
| Financial income75/76B | - | - | €1,083 | €2,188 | ▲ 102% |
| Recurring financial income75 | - | - | €1,083 | €2,188 | ▲ 102% |
| Financial charges65/66B | €77 | €50 | €39 | €44 | ▲ 12.7% |
| Recurring financial charges65 | €77 | €50 | €39 | €44 | ▲ 12.7% |
| Profit (loss) for the period before taxes9903 | €44,818 | €25,721 | €27,529 | €40,697 | ▲ 47.8% |
| Income taxes67/77 | €8,976 | €5,158 | €5,549 | €8,176 | ▲ 47.4% |
| Profit (loss) for the period9904 | €35,842 | €20,562 | €21,981 | €32,521 | ▲ 48.0% |
| Profit (loss) for the period to be appropriated9905 | €35,842 | €20,562 | €21,981 | €32,521 | ▲ 48.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €46,801 | €68,655 | €93,082 | €124,353 | ▲ 33.6% |
| Formation expenses20 | €1,040 | €780 | €520 | €260 | ▼ 50.0% |
| Fixed assets21/28 | €2,197 | €2,881 | €5,131 | €4,367 | ▼ 14.9% |
| Tangible fixed assets22/27 | €2,197 | €2,881 | €5,131 | €4,367 | ▼ 14.9% |
| Plant, machinery and equipment23 | €1,879 | €1,417 | €3,905 | €2,824 | ▼ 27.7% |
| Furniture and vehicles24 | €318 | €1,464 | €1,226 | €1,543 | ▲ 25.9% |
| Current assets29/58 | €43,564 | €64,993 | €87,431 | €119,726 | ▲ 36.9% |
| Amounts receivable within one year40/41 | €2,709 | €5,124 | €10,449 | €12,749 | ▲ 22.0% |
| Trade receivables40 | €1,305 | €3,258 | €8,831 | €7,050 | ▼ 20.2% |
| Other amounts receivable41 | €1,404 | €1,866 | €1,618 | €5,699 | ▲ 252% |
| Current investments50/53 | - | €40,000 | €70,000 | €25,252 | ▼ 63.9% |
| Cash at bank and in hand54/58 | €40,855 | €19,870 | €6,982 | €81,726 | ▲ 12× |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €46,801 | €68,655 | €93,082 | €124,353 | ▲ 33.6% |
| Equity10/15 | €45,742 | €66,305 | €88,285 | €45,806 | ▼ 48.1% |
| Contributions10/11 | €9,900 | €9,900 | €9,900 | €9,900 | = |
| Profit (loss) carried forward14 | €35,842 | €56,405 | €78,385 | €35,906 | ▼ 54.2% |
| Amounts payable17/49 | €1,058 | €2,350 | €4,797 | €78,546 | ▲ 16× |
| Amounts payable within one year42/48 | €1,058 | €2,350 | €4,797 | €78,546 | ▲ 16× |
| Trade debts44 | €673 | €1,015 | €1,248 | €1,291 | ▲ 3.4% |
| Suppliers440/4 | €673 | €1,015 | €1,248 | €1,291 | ▲ 3.4% |
| Taxes, remuneration and social security45 | - | €581 | €2,132 | €180 | ▼ 91.6% |
| Taxes450/3 | - | €581 | €2,132 | €180 | ▼ 91.6% |
| Other amounts payable47/48 | €385 | €754 | €1,417 | €77,076 | ▲ 54× |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,842 | €20,562 | €21,981 | €32,521 | ▲ 48.0% |
| + Depreciation and write-downs630 | €744 | €929 | €1,109 | €1,586 | ▲ 43.0% |
| Operating cash flow (approximation) | €36,587 | €21,491 | €23,090 | €34,107 | ▲ 47.7% |
| Investment in fixed assets (approximation) | - | -€1,613 | -€3,359 | -€822 | ▲ 75.5% |
| Change in cash | - | -€20,985 | -€12,888 | €74,744 | - |
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, 39,278 companies had the same profile as JRD PROJECTS has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JRD PROJECTS itself: 0.8% 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 39,278 companies, not a prediction for JRD PROJECTS. 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.