JtE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 14-07-2026 at the NBB all 5 filings
Every figure per financial year
The operating result for 2025 is a loss of €950, larger than the loss of €747 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €858 | - | - | - | - |
| Depreciation and write-downs of the year | €75 | €286 | €286 | €211 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €75 | €286 | €286 | €211 | - | - |
| Other operating charges640/8 | - | - | €132 | €141 | - | - |
| Gross operating margin9900 | €137 | -€1,069 | €217 | -€396 | -€950 | ▼ 140% |
| Operating profit (loss)9901 | €62 | -€1,355 | -€201 | -€747 | -€950 | ▼ 27.2% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | €16 | €104 | €234 | €215 | €2,124 | ▲ 890% |
| Recurring financial charges65 | €16 | €104 | €234 | €215 | €246 | ▲ 14.6% |
| Non-recurring financial charges66B | - | - | - | - | €1,878 | - |
| Profit (loss) for the period before taxes9903 | €46 | -€1,460 | -€436 | -€961 | -€3,075 | ▼ 220% |
| Profit (loss) for the period9904 | €46 | -€1,460 | -€436 | -€961 | -€3,075 | ▼ 220% |
| Profit (loss) for the period to be appropriated9905 | €46 | -€1,460 | -€436 | -€961 | -€3,075 | ▼ 220% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3,190 | €2,350 | €2,280 | €2,200 | €434 | ▼ 80.3% |
| Fixed assets21/28 | €783 | €497 | €211 | - | - | - |
| Tangible fixed assets22/27 | €783 | €497 | €211 | - | - | - |
| Furniture and vehicles24 | €783 | €497 | €211 | - | - | - |
| Current assets29/58 | €2,408 | €1,853 | €2,070 | €2,200 | €434 | ▼ 80.3% |
| Amounts receivable within one year40/41 | €1,050 | €1,251 | €2,056 | €2,171 | €431 | ▼ 80.1% |
| Trade receivables40 | €1,050 | €1,050 | €1,878 | €1,878 | - | - |
| Other amounts receivable41 | - | €201 | €178 | €293 | €431 | ▲ 47.2% |
| Cash at bank and in hand54/58 | €1,358 | €602 | €14 | €29 | €2 | ▼ 92.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3,190 | €2,350 | €2,280 | €2,200 | €434 | ▼ 80.3% |
| Equity10/15 | €2,046 | €587 | €151 | -€810 | -€3,885 | ▼ 379% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €46 | - | - | - | - | - |
| Distributable reserves133 | €46 | - | - | - | - | - |
| Profit (loss) carried forward14 | - | -€1,413 | -€1,849 | -€2,810 | -€5,885 | ▼ 109% |
| Amounts payable17/49 | €1,144 | €1,763 | €2,129 | €3,011 | €4,318 | ▲ 43.4% |
| Amounts payable within one year42/48 | €1,144 | €1,763 | €2,129 | €3,011 | €4,318 | ▲ 43.4% |
| Trade debts44 | €301 | €128 | - | €575 | €13 | ▼ 97.8% |
| Suppliers440/4 | €301 | €128 | - | €575 | €13 | ▼ 97.8% |
| Taxes, remuneration and social security45 | €507 | - | - | - | - | - |
| Taxes450/3 | €507 | - | - | - | - | - |
| Other amounts payable47/48 | €336 | €1,635 | €2,129 | €2,436 | €4,306 | ▲ 76.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46 | -€1,460 | -€436 | -€961 | -€3,075 | ▼ 220% |
| + Depreciation and write-downs630 | €75 | €286 | €286 | €211 | - | - |
| Operating cash flow (approximation) | €121 | -€1,174 | -€150 | -€751 | -€3,075 | ▼ 310% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€756 | -€588 | €15 | -€27 | - |
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, 6,008 companies had the same profile as JtE has now. Two years later, 83.0% were still going and 7.9% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JtE 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 6,008 companies, not a prediction for JtE. 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 (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 14-07-2026 | 2026-00289628 | |
| 31-12-2024 | micro format | 23-06-2025 | 2025-00183844 | |
| 31-12-2023 | micro format | 24-06-2024 | 2024-00151917 | |
| 31-12-2022 | micro format | 10-07-2023 | 2023-00231245 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20110167 |