JUNIVE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 09-07-2026 at the NBB all 4 filings
Turnover
≈ €240,000
Estimated: probably between €200,000 and €320,000
Total assets
€200,374▲ 26.2%
2024 · €158,769
Net result
€38,324▼ 11.4%
2024 · €43,244
Working capital
€120,734▲ 5.5%
2024 · €114,459
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€54,751
▼ 18.9%
2025
20222025
Net result
€38,324
▼ 11.4%
2025
highest quarter of the sector
20222025
Equity
€123,477
=
2025
highest quarter of the sector
20222025
Total assets
€200,374
▲ 26.2%
2025
middle half of the sector
20222025
Debt
€76,897
▲ 118%
2025
20222025
Working capital
€120,734
▲ 5.5%
2025
highest quarter of the sector
20222025
Solvency
61.6%
▼ 16.1pp
2025
highest quarter of the sector
20222025
Current ratio
2.60
▼ 1.82
2025
highest quarter of the sector
20222025
Return on assets (ROA)
19.1%
▼ 8.1pp
2025
highest quarter of the sector
20222025
Staff (FTE)
0.1
▼ 50.0%
2025
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€79,057-€41,023▼ 48.1%€67,498▲ 64.5%€54,751▼ 18.9%
Net result€55,143above the sector's middle half-€27,074above the sector's middle half▼ 50.9%€43,244above the sector's middle half▲ 59.7%€38,324above the sector's middle half▼ 11.4%
Equity€57,543within the sector's middle half-€81,951above the sector's middle half▲ 42.4%€123,477above the sector's middle half▲ 50.7%€123,477above the sector's middle half=
Total assets€102,502within the sector's middle half-€120,399within the sector's middle half▲ 17.5%€158,769within the sector's middle half▲ 31.9%€200,374within the sector's middle half▲ 26.2%
Debt€44,959-€38,448▼ 14.5%€35,291▼ 8.2%€76,897▲ 118%
Working capital€39,594within the sector's middle half-€65,443above the sector's middle half▲ 65.3%€114,459above the sector's middle half▲ 74.9%€120,734above the sector's middle half▲ 5.5%
Solvency56.1%within the sector's middle half-68.1%above the sector's middle half▲ 11.9pp77.8%above the sector's middle half▲ 9.7pp61.6%above the sector's middle half▼ 16.1pp
Current ratio1.88within the sector's middle half-2.70above the sector's middle half▲ 0.824.42above the sector's middle half▲ 1.712.60above the sector's middle half▼ 1.82
Return on assets (ROA)53.8%above the sector's middle half-22.5%above the sector's middle half▼ 31.3pp27.2%above the sector's middle half▲ 4.8pp19.1%above the sector's middle half▼ 8.1pp
Staff (FTE)0.8-0.5▼ 37.5%0.2▼ 60.0%0.1▼ 50.0%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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 19% lower than in 2024.
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 €200,374
Fixed assets
€4,106 ▼ 62.0%
Current assets
€196,268 ▲ 32.6%
Equity and liabilities €200,374
Equity
€123,477 =
Debt
€76,897 ▲ 118%
Debt's share of the balance-sheet total rises from 22.2% to 38.4%. Debt is higher.
Key figures and ratios
EBITDA
€61,728▼
2024 · €74,897
Cash flow
€45,301▼
2024 · €50,644
Quick ratio
2.40▼
2024 · 3.93
Debt to equity
0.62▲
2024 · 0.29
ROE
31.0%▼
2024 · 35.0%
Interest coverage
19.11▼
2024 · 19.87
Debt ≤ 1 year
€75,535▲
2024 · €33,504
Income taxes
€13,198▼
2024 · €20,491
Staff costs
€13,123▲
2024 · €11,952
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Average over the year, in full-time equivalents | 0.8 | 0.5 | 0.2 | 0.1 |
| Joined | 343 | 148 | 99 | - |
| Left | 343 | 148 | 99 | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €10,511 | €5,291 | €2,605 | €277 |
| Intangible fixed assets | €15,000 | - | - | - |
| Depreciation and write-downs of the year | €7,562 | €6,732 | €7,400 | €6,977 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €60,488 | €16,286 | €11,952 | €13,123 | ▲ 9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,562 | €6,732 | €7,400 | €6,977 | ▼ 5.7% |
| Other operating charges640/8 | €652 | €259 | €354 | €280 | ▼ 20.8% |
| Gross operating margin9900 | €147,759 | €64,301 | €87,203 | €75,131 | ▼ 13.8% |
| Operating profit (loss)9901 | €79,057 | €41,023 | €67,498 | €54,751 | ▼ 18.9% |
| Financial income75/76B | €12 | €0 | €7 | €2 | ▼ 71.8% |
| Recurring financial income75 | €12 | €0 | €7 | €2 | ▼ 71.8% |
| Financial charges65/66B | €2,732 | €3,768 | €3,769 | €3,231 | ▼ 14.3% |
| Recurring financial charges65 | €2,732 | €3,768 | €3,769 | €3,231 | ▼ 14.3% |
| Profit (loss) for the period before taxes9903 | €76,337 | €37,256 | €63,735 | €51,522 | ▼ 19.2% |
| Income taxes67/77 | €21,194 | €10,182 | €20,491 | €13,198 | ▼ 35.6% |
| Profit (loss) for the period9904 | €55,143 | €27,074 | €43,244 | €38,324 | ▼ 11.4% |
| Profit (loss) for the period to be appropriated9905 | €55,143 | €27,074 | €43,244 | €38,324 | ▼ 11.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €102,502 | €120,399 | €158,769 | €200,374 | ▲ 26.2% |
| Fixed assets21/28 | €17,949 | €16,508 | €10,806 | €4,106 | ▼ 62.0% |
| Intangible fixed assets21 | €9,674 | €6,674 | €3,674 | €674 | ▼ 81.7% |
| Tangible fixed assets22/27 | €8,275 | €9,834 | €7,132 | €3,432 | ▼ 51.9% |
| Plant, machinery and equipment23 | €6,341 | €4,861 | €3,382 | €1,903 | ▼ 43.7% |
| Furniture and vehicles24 | €1,934 | €4,973 | €3,750 | €1,530 | ▼ 59.2% |
| Current assets29/58 | €84,553 | €103,891 | €147,963 | €196,268 | ▲ 32.6% |
| Stocks and contracts in progress3 | €14,169 | €14,678 | €16,198 | €14,913 | ▼ 7.9% |
| Stocks30/36 | €14,169 | €14,678 | €16,198 | €14,913 | ▼ 7.9% |
| Amounts receivable within one year40/41 | €41,334 | €35,772 | €1,420 | €9,701 | ▲ 583% |
| Trade receivables40 | €2,528 | €20,954 | €1,420 | €2,899 | ▲ 104% |
| Other amounts receivable41 | €38,806 | €14,818 | - | €6,802 | - |
| Cash at bank and in hand54/58 | €29,050 | €53,441 | €130,138 | €171,655 | ▲ 31.9% |
| Deferred charges and accrued income490/1 | - | - | €207 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €102,502 | €120,399 | €158,769 | €200,374 | ▲ 26.2% |
| Equity10/15 | €57,543 | €81,951 | €123,477 | €123,477 | = |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Reserves13 | €53,543 | €77,951 | €119,477 | €119,477 | = |
| Distributable reserves133 | €53,543 | €77,951 | €119,477 | €119,477 | = |
| Amounts payable17/49 | €44,959 | €38,448 | €35,291 | €76,897 | ▲ 118% |
| Amounts payable within one year42/48 | €44,959 | €38,448 | €33,504 | €75,535 | ▲ 125% |
| Financial debts43 | €7,526 | €7,631 | - | - | - |
| Credit institutions430/8 | €7,526 | €7,631 | - | - | - |
| Trade debts44 | €6,642 | €2,303 | €414 | €12,941 | ▲ 31× |
| Suppliers440/4 | €6,642 | €2,303 | €414 | €12,941 | ▲ 31× |
| Taxes, remuneration and social security45 | €7,685 | €5,302 | €7,351 | €4,671 | ▼ 36.5% |
| Taxes450/3 | €5,943 | €4,531 | €7,000 | €4,545 | ▼ 35.1% |
| Remuneration and social security454/9 | €1,743 | €771 | €351 | €126 | ▼ 64.1% |
| Other amounts payable47/48 | €23,106 | €23,213 | €25,739 | €57,923 | ▲ 125% |
| Accrued charges and deferred income492/3 | - | - | €1,787 | €1,362 | ▼ 23.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,143 | €27,074 | €43,244 | €38,324 | ▼ 11.4% |
| + Depreciation and write-downs630 | €7,562 | €6,732 | €7,400 | €6,977 | ▼ 5.7% |
| Operating cash flow (approximation) | €62,705 | €33,806 | €50,644 | €45,301 | ▼ 10.6% |
| Investment in fixed assets (approximation) | - | -€5,291 | -€1,698 | -€277 | ▲ 83.7% |
| Change in cash | - | €24,391 | €76,697 | €41,516 | ▼ 45.9% |
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, 26,972 companies had the same profile as JUNIVE has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JUNIVE itself: 0.4% 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 26,972 companies, not a prediction for JUNIVE. 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.