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JUNOKE

Active
Private limited companyfounded 2016active for 9 yearsVen 31, 2250 Olen, BelgiumKBO/BCE: BE 0667.620.019

Financials · financial year 2025, micro format

2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00477718.

Annual accounts 2025 filed on 28-08-2026 at the NBB all 9 filings

Turnover
≈ €23,000
Estimated: probably between €13,000 and €48,000
Total assets
€52,130▲ 7.6%
2024 · €48,470
Net result
€712▼ 21.3%
2024 · €905
Working capital
€39,921▲ 2.4%
2024 · €38,983
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 22% lower than in 2024. It is the second fall in a row.

Operating result€1,160 2025 Net result€712 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€6,784-€21,090▲ 211%€16,195▼ 23.2%-€3,896€2,326€5,854▲ 152%€1,486▼ 74.6%€1,160▼ 21.9%
Net result€1,752-€14,197▲ 710%€12,492within the sector's middle half▼ 12.0%-€4,044below the sector's middle half€2,060within the sector's middle half€4,503within the sector's middle half▲ 119%€905within the sector's middle half▼ 79.9%€712within the sector's middle half▼ 21.3%
Equity€9,097-€23,294▲ 156%€35,786within the sector's middle half▲ 53.6%€31,742within the sector's middle half▼ 11.3%€33,801within the sector's middle half▲ 6.5%€38,304within the sector's middle half▲ 13.3%€39,209within the sector's middle half▲ 2.4%€39,921within the sector's middle half▲ 1.8%
Total assets€38,636-€51,854▲ 34.2%€62,529below the sector's middle half▲ 20.6%€53,888below the sector's middle half▼ 13.8%€52,137below the sector's middle half▼ 3.2%€74,686within the sector's middle half▲ 43.3%€48,470below the sector's middle half▼ 35.1%€52,130below the sector's middle half▲ 7.6%
Debt€29,539-€28,560▼ 3.3%€26,743▼ 6.4%€22,146▼ 17.2%€18,336▼ 17.2%€36,383▲ 98.4%€9,261▼ 74.5%€12,209▲ 31.8%
Working capital€23,554-€29,566▲ 25.5%€34,600within the sector's middle half▲ 17.0%€30,796within the sector's middle half▼ 11.0%€33,138within the sector's middle half▲ 7.6%€37,838within the sector's middle half▲ 14.2%€38,983within the sector's middle half▲ 3.0%€39,921within the sector's middle half▲ 2.4%
Solvency23.5%-44.9%▲ 21.4pp57.2%within the sector's middle half▲ 12.3pp58.9%within the sector's middle half▲ 1.7pp64.8%within the sector's middle half▲ 5.9pp51.3%within the sector's middle half▼ 13.5pp80.9%above the sector's middle half▲ 29.6pp76.6%above the sector's middle half▼ 4.3pp
Current ratio2.56-2.33▼ 0.242.29within the sector's middle half▼ 0.032.39within the sector's middle half▲ 0.102.81within the sector's middle half▲ 0.422.04within the sector's middle half▼ 0.775.21above the sector's middle half▲ 3.174.27above the sector's middle half▼ 0.94
Return on assets (ROA)4.5%-27.4%▲ 22.8pp20.0%above the sector's middle half▼ 7.4pp-7.5%below the sector's middle half▼ 27.5pp4.0%within the sector's middle half▲ 11.5pp6.0%within the sector's middle half▲ 2.1pp1.9%within the sector's middle half▼ 4.2pp1.4%within the sector's middle half▼ 0.5pp
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.
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
Equity and liabilities €52,130
Equity €39,921 ▲ 1.8%
Debt €12,209 ▲ 31.8%
Debt's share of the balance-sheet total rises from 19.1% to 23.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1,386▼
2024 · €1,726
Cash flow
€938▼
2024 · €1,145
Debt to equity
0.31▲
2024 · 0.24
ROE
1.8%▼
2024 · 2.3%
Interest coverage
7.19▲
2024 · 5.89
Debt ≤ 1 year
€12,209▲
2024 · €9,261
Income taxes
€255▼
2024 · €289
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as JUNOKE: painting of buildings (NACE 43341). They are comparable in size and age: total assets between €36,700 and €63,100, founded between 2013 and 2019.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
JUNOKE Olen2016€52,130€39,921€2,280€7122025
Gotink Jens schilderwerken Kalmthout2017€49,176€34,457€1,795-€2,9662025
CK Painting Laakdal2017€46,865-€3,828€3,122€1,0732025
VERPLANKEN Wortegem-Petegem2013€53,096€33,508€2,098-€5,5972025
GEBROKEN WIT Lievegem2019€63,115€28,900€1,779-€6,3922025
TOTTE & CO Antwerpen2015€36,669€21,011€1,679-€1,6052025
DECOWORKX Veurne2019€62,656-€3,595€3,732-€30,2962025

They were chosen from the 2,628 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 5,047 companies had the same profile as JUNOKE has now. Two years later, 2.2% had gone bankrupt and 93.9% were still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
2.2% went bankrupt
3.8% stopped otherwise
93.9% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of JUNOKE itself: 1.9% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 5,047 companies, not a prediction for JUNOKE. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines

Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.

Balance sheet Code20242025
Assets
Total assets20/58€48,470€52,130▲
Fixed assets21/28€226-
Tangible fixed assets22/27€226-
Plant, machinery and equipment23€226-
Current assets29/58€48,244€52,130▲
Amounts receivable after more than one year29€45,000€45,000=
Other amounts receivable291€45,000€45,000=
Amounts receivable within one year40/41€513€6,730▲
Trade receivables40-€5,800
Other amounts receivable41€513€930▲
Cash at bank and in hand54/58€2,541€132▼
Deferred charges and accrued income490/1€190€268▲
Equity and liabilities
Total equity and liabilities10/49€48,470€52,130▲
Equity10/15€39,209€39,921▲
Contributions10/11€6,200€6,200=
Reserves13€32,104€32,104=
Distributable reserves133€32,104€32,104=
Profit (loss) carried forward14€905€1,617▲
Amounts payable17/49€9,261€12,209▲
Amounts payable within one year42/48€9,261€12,209▲
Trade debts44€3,177€9,057▲
Suppliers440/4€3,177€9,057▲
Taxes, remuneration and social security45€3,745€1,444▼
Taxes450/3€2,245€1,444▼
Remuneration and social security454/9€1,500-
Other amounts payable47/48€2,340€1,709▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€240€226▼
Other operating charges640/8€818€894▲
Gross operating margin9900€2,544€2,280▼
Operating profit (loss)9901€1,486€1,160▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€293€193▼
Recurring financial charges65€293€193▼
Profit (loss) for the period before taxes9903€1,193€967▼
Income taxes67/77€289€255▼
Profit (loss) for the period9904€905€712▼
Profit (loss) for the period to be appropriated9905€905€712▼
Appropriation of the result
Profit (loss) to be appropriated9906€905€1,617▲
Profit (loss) brought forward from the previous period14P-€905

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€14€240€240€240€240€226▼ 6.0%
Other operating charges640/8---€257€649€895€818€894▲ 9.3%
Gross operating margin9900€8,202€21,908€16,850-€3,399€3,215€6,988€2,544€2,280▼ 10.4%
Operating profit (loss)9901€6,784€21,090€16,195-€3,896€2,326€5,854€1,486€1,160▼ 21.9%
Financial income75/76B---€68€5€11€0--
Recurring financial income75-€0€242€68€5€11€0--
Financial charges65/66B---€216€270€306€293€193▼ 34.3%
Recurring financial charges65€3,127€1,300€113€216€270€306€293€193▼ 34.3%
Profit (loss) for the period before taxes9903€3,062€19,790€16,371-€4,044€2,060€5,559€1,193€967▼ 18.9%
Income taxes67/77€1,309€5,593€3,879--€1,056€289€255▼ 11.7%
Profit (loss) for the period9904€1,752€14,197€12,492-€4,044€2,060€4,503€905€712▼ 21.3%
Profit (loss) for the period to be appropriated9905€1,752€14,197€12,492-€4,044€2,060€4,503€905€712▼ 21.3%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€38,636€51,854€62,529€53,888€52,137€74,686€48,470€52,130▲ 7.6%
Fixed assets21/28--€1,186€946€706€466€226--
Tangible fixed assets22/27--€1,186€946€706€466€226--
Plant, machinery and equipment23---€946€706€466€226--
Current assets29/58€38,636€51,854€61,343€52,942€51,431€74,221€48,244€52,130▲ 8.1%
Amounts receivable after more than one year29---€45,000€45,000€45,000€45,000€45,000=
Other amounts receivable291---€45,000€45,000€45,000€45,000€45,000=
Amounts receivable within one year40/41€38,636€51,110€12,753€7,450€1,802€17,586€513€6,730▲ 13×
Trade receivables40---€6,662-€16,341-€5,800-
Other amounts receivable41---€788€1,802€1,245€513€930▲ 81.2%
Cash at bank and in hand54/58-€744€3,532€243€4,468€10,098€2,541€132▼ 94.8%
Deferred charges and accrued income490/1---€249€161€1,537€190€268▲ 41.0%
Equity and liabilities
Total equity and liabilities10/49€38,636€51,854€62,529€53,888€52,137€74,686€48,470€52,130▲ 7.6%
Equity10/15€9,097€23,294€35,786€31,742€33,801€38,304€39,209€39,921▲ 1.8%
Contributions10/11€6,200€6,200-€6,200€6,200€6,200€6,200€6,200=
Reserves13€2,897€17,094€29,586€29,586€29,586€32,104€32,104€32,104=
Distributable reserves133---€29,586€29,586€32,104€32,104€32,104=
Profit (loss) carried forward14----€4,044-€1,984-€905€1,617▲ 78.7%
Amounts payable17/49€29,539€28,560€26,743€22,146€18,336€36,383€9,261€12,209▲ 31.8%
Amounts payable within one year42/48€15,082€22,288€26,743€22,146€18,293€36,383€9,261€12,209▲ 31.8%
Financial debts43---€59-----
Credit institutions430/8---€59-----
Trade debts44€5,573€4,710€6,564€5,526€6,393€26,227€3,177€9,057▲ 185%
Suppliers440/4---€5,526€6,393€26,227€3,177€9,057▲ 185%
Taxes, remuneration and social security45---€14,288€11,900€3,775€3,745€1,444▼ 61.4%
Taxes450/3---€6,368€479€3,775€2,245€1,444▼ 35.7%
Remuneration and social security454/9---€7,920€11,421-€1,500--
Other amounts payable47/48---€2,273-€6,380€2,340€1,709▼ 27.0%
Accrued charges and deferred income492/3----€43----
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€1,752€14,197€12,492-€4,044€2,060€4,503€905€712▼ 21.3%
+ Depreciation and write-downs630--€14€240€240€240€240€226▼ 6.0%
Operating cash flow (approximation)€1,752€14,197€12,506-€3,804€2,300€4,743€1,145€938▼ 18.1%
Investment in fixed assets (approximation)---€0€0€0€0--
Change in cash--€2,788-€3,289€4,225€5,630-€7,557-€2,409▲ 68.1%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (9)
Financial year Type Filed Reference Document
31-12-2025 micro format 28-08-2026 2026-00477718 NBB
31-12-2024 micro format 28-08-2025 2025-00446433 PDF
31-12-2023 micro format 30-09-2024 2024-00489955 PDF
31-12-2022 micro format 31-08-2023 2023-00421500 PDF
31-12-2021 micro format 31-08-2022 2022-20395196 PDF
31-12-2020 micro format 12-08-2021 2021-48300214 PDF
31-12-2019 micro format 25-08-2020 2020-44500591 PDF
31-12-2018 micro format 20-08-2019 2019-48200234 PDF
31-12-2017 micro format 30-08-2018 2018-56100282 PDF

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