JURIS
ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 31-08-2025 PDF all 26 filings
Turnover
≈ €440,000
Estimated: probably between €330,000 and €620,000
Total assets
€159,977▲ 39.4%
2023 · €114,734
Net result
€39,807▲ 350%
2023 · €8,837
Working capital
€58,476▲ 16.6%
2023 · €50,134
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€45,406
▲ 441%
2024
20182024
Net result
€39,807
▲ 350%
2024
highest quarter of the sector
20182024
Equity
€69,497
▲ 16.4%
2024
middle half of the sector
20182024
Total assets
€159,977
▲ 39.4%
2024
middle half of the sector
20182024
Debt
€90,480
▲ 64.4%
2024
20182024
Working capital
€58,476
▲ 16.6%
2024
middle half of the sector
20182024
Solvency
43.4%
▼ 8.6pp
2024
middle half of the sector
20182024
Current ratio
1.65
▼ 0.35
2024
middle half of the sector
20182024
Return on assets (ROA)
24.9%
▲ 17.2pp
2024
highest quarter of the sector
20182024
Staff (FTE)
2.2
▲ 144%
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€662-€5,582€7,574▲ 35.7%€27,162▲ 259%€23,203▼ 14.6%€8,395▼ 63.8%€45,406▲ 441%
Net result€1,678-€7,374▲ 339%€12,676within the sector's middle half▲ 71.9%€28,611above the sector's middle half▲ 126%€22,916within the sector's middle half▼ 19.9%€8,837within the sector's middle half▼ 61.4%€39,807above the sector's middle half▲ 350%
Equity€40,392-€47,767▲ 18.3%€47,942within the sector's middle half▲ 0.4%€54,938within the sector's middle half▲ 14.6%€60,853within the sector's middle half▲ 10.8%€59,691within the sector's middle half▼ 1.9%€69,497within the sector's middle half▲ 16.4%
Total assets€69,517-€75,591▲ 8.7%€121,143within the sector's middle half▲ 60.3%€108,647within the sector's middle half▼ 10.3%€105,611within the sector's middle half▼ 2.8%€114,734within the sector's middle half▲ 8.6%€159,977within the sector's middle half▲ 39.4%
Debt€29,124-€27,825▼ 4.5%€73,201▲ 163%€53,709▼ 26.6%€44,757▼ 16.7%€55,043▲ 23.0%€90,480▲ 64.4%
Working capital€32,250-€42,927▲ 33.1%€46,942within the sector's middle half▲ 9.4%€53,938within the sector's middle half▲ 14.9%€52,188within the sector's middle half▼ 3.2%€50,134within the sector's middle half▼ 3.9%€58,476within the sector's middle half▲ 16.6%
Solvency58.1%-63.2%▲ 5.1pp39.6%within the sector's middle half▼ 23.6pp50.6%within the sector's middle half▲ 11.0pp57.6%within the sector's middle half▲ 7.1pp52.0%within the sector's middle half▼ 5.6pp43.4%within the sector's middle half▼ 8.6pp
Current ratio2.18-2.54▲ 0.371.64within the sector's middle half▼ 0.902.00within the sector's middle half▲ 0.362.48within the sector's middle half▲ 0.472.00within the sector's middle half▼ 0.481.65within the sector's middle half▼ 0.35
Return on assets (ROA)2.4%-9.8%▲ 7.3pp10.5%within the sector's middle half▲ 0.7pp26.3%above the sector's middle half▲ 15.9pp21.7%above the sector's middle half▼ 4.6pp7.7%within the sector's middle half▼ 14.0pp24.9%above the sector's middle half▲ 17.2pp
Staff (FTE)0.92.2▲ 144%
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.
The operating result for 2024 is 5.4 times that of 2023 and the highest since 2020. It is a recovery 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.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €159,977
Fixed assets
€11,386 ▼ 22.2%
Current assets
€148,592 ▲ 48.4%
Equity and liabilities €159,977
Equity
€69,497 ▲ 16.4%
Debt
€90,480 ▲ 64.4%
Debt's share of the balance-sheet total rises from 48.0% to 56.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€48,906▲
2023 · €11,895
Cash flow
€43,307▲
2023 · €12,337
Debt to equity
1.30▲
2023 · 0.92
ROE
57.3%▲
2023 · 14.8%
Interest coverage
13.31▲
2023 · 10.93
Debt ≤ 1 year
€90,116▲
2023 · €49,964
Income taxes
€6,627▲
2023 · €1,988
Staff costs
€77,259▲
2023 · €20,501
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2023 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 2 | 2 |
| full-time | 2 | 2 |
| in full-time equivalents | 2 | 2 |
| Average over the year, in full-time equivalents | 0.9 | 2.2 |
| On a permanent contract | 2 | 2 |
| Joined | 3 | 1 |
| Left | 1 | 1 |
| Training hours | 2 | 2 |
Source: social balance sheet in the 2023 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | €17,500 | - | - |
| Financial fixed assets | - | - | - | €250 |
| Depreciation and write-downs of the year | - | €364 | €3,500 | €3,500 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 2 entries · €523 awarded · €435 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €88 | €0 |
| 2023 | 1 | €435 | €435 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €164 | €3,589 | €20,501 | €77,259 | ▲ 277% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,500 | €5,500 | €3,840 | - | €364 | €3,500 | €3,500 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,145 | €542 | - | - | - |
| Other operating charges640/8 | - | - | - | €710 | €388 | €793 | €7,577 | ▲ 856% |
| Non-recurring operating charges66A | - | - | - | - | €149 | - | - | - |
| Gross operating margin9900 | €16,503 | €14,581 | €13,561 | €30,180 | €28,236 | €33,189 | €133,742 | ▲ 303% |
| Operating profit (loss)9901 | -€662 | €5,582 | €7,574 | €27,162 | €23,203 | €8,395 | €45,406 | ▲ 441% |
| Financial income75/76B | - | - | - | €4,332 | €3,828 | €3,519 | €4,701 | ▲ 33.6% |
| Recurring financial income75 | €3,721 | €4,341 | €5,848 | €4,332 | €3,828 | €3,519 | €4,701 | ▲ 33.6% |
| Financial charges65/66B | - | - | - | €58 | €391 | €1,089 | €3,674 | ▲ 237% |
| Recurring financial charges65 | €1,054 | €189 | €104 | €58 | €391 | €1,089 | €3,674 | ▲ 237% |
| Profit (loss) for the period before taxes9903 | €2,004 | €9,735 | €13,319 | €31,436 | €26,640 | €10,826 | €46,434 | ▲ 329% |
| Income taxes67/77 | €326 | €2,360 | €643 | €2,824 | €3,724 | €1,988 | €6,627 | ▲ 233% |
| Profit (loss) for the period9904 | €1,678 | €7,374 | €12,676 | €28,611 | €22,916 | €8,837 | €39,807 | ▲ 350% |
| Profit (loss) for the period to be appropriated9905 | €1,678 | €7,374 | €12,676 | €28,611 | €22,916 | €8,837 | €39,807 | ▲ 350% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €69,517 | €75,591 | €121,143 | €108,647 | €105,611 | €114,734 | €159,977 | ▲ 39.4% |
| Fixed assets21/28 | €9,840 | €4,840 | €1,000 | €1,000 | €18,136 | €14,636 | €11,386 | ▼ 22.2% |
| Tangible fixed assets22/27 | €9,340 | €3,840 | - | - | €17,136 | €13,636 | €10,136 | ▼ 25.7% |
| Furniture and vehicles24 | - | - | - | - | €17,136 | €13,636 | €10,136 | ▼ 25.7% |
| Financial fixed assets28 | €500 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | €1,250 | ▲ 25.0% |
| Current assets29/58 | €59,677 | €70,751 | €120,143 | €107,647 | €87,475 | €100,098 | €148,592 | ▲ 48.4% |
| Stocks and contracts in progress3 | €14 | €9 | €9 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €58,362 | €70,742 | €120,074 | €99,357 | €70,967 | €89,291 | €103,764 | ▲ 16.2% |
| Trade receivables40 | - | - | - | €22,853 | €17,569 | €21,491 | €12,295 | ▼ 42.8% |
| Other amounts receivable41 | - | - | - | €76,503 | €53,397 | €67,800 | €91,470 | ▲ 34.9% |
| Cash at bank and in hand54/58 | €1,302 | - | €60 | €8,290 | €16,508 | €8,335 | €30,917 | ▲ 271% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €2,473 | €13,910 | ▲ 463% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €69,517 | €75,591 | €121,143 | €108,647 | €105,611 | €114,734 | €159,977 | ▲ 39.4% |
| Equity10/15 | €40,392 | €47,767 | €47,942 | €54,938 | €60,853 | €59,691 | €69,497 | ▲ 16.4% |
| Contributions10/11 | €7,445 | €7,445 | - | €7,445 | €7,445 | €7,445 | €7,445 | = |
| Reserves13 | €24,860 | €24,860 | €24,860 | €28,244 | €53,409 | €52,246 | €62,052 | ▲ 18.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €26,384 | €51,549 | €52,246 | €62,052 | ▲ 18.8% |
| Profit (loss) carried forward14 | €8,088 | €15,462 | €15,637 | €19,249 | - | - | - | - |
| Amounts payable17/49 | €29,124 | €27,825 | €73,201 | €53,709 | €44,757 | €55,043 | €90,480 | ▲ 64.4% |
| Amounts payable after more than one year17 | €1,697 | - | - | - | €9,470 | €4,429 | - | - |
| Financial debts170/4 | - | - | - | - | €9,470 | €4,429 | - | - |
| Amounts payable within one year42/48 | €27,427 | €27,825 | €73,201 | €53,709 | €35,287 | €49,964 | €90,116 | ▲ 80.4% |
| Financial debts43 | - | - | - | €3,668 | €4,763 | €5,042 | €4,429 | ▼ 12.2% |
| Credit institutions430/8 | - | - | - | €3,668 | €4,763 | €5,042 | €4,429 | ▼ 12.2% |
| Trade debts44 | €4,497 | €6,561 | €41,658 | €7,416 | €5,510 | €21,856 | €16,549 | ▼ 24.3% |
| Suppliers440/4 | - | - | - | €7,416 | €5,510 | €21,856 | €16,549 | ▼ 24.3% |
| Taxes, remuneration and social security45 | - | - | - | €10,258 | €8,014 | €13,067 | €39,138 | ▲ 200% |
| Taxes450/3 | - | - | - | €10,258 | €8,014 | €11,438 | €32,442 | ▲ 184% |
| Remuneration and social security454/9 | - | - | - | - | - | €1,629 | €6,696 | ▲ 311% |
| Other amounts payable47/48 | - | - | - | €32,366 | €17,000 | €10,000 | €30,000 | ▲ 200% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €650 | €364 | ▼ 44.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,678 | €7,374 | €12,676 | €28,611 | €22,916 | €8,837 | €39,807 | ▲ 350% |
| + Depreciation and write-downs630 | €5,500 | €5,500 | €3,840 | - | €364 | €3,500 | €3,500 | = |
| Operating cash flow (approximation) | €7,178 | €12,874 | €16,516 | €28,611 | €23,280 | €12,337 | €43,307 | ▲ 251% |
| Investment in fixed assets (approximation) | - | -€500 | €0 | €0 | -€17,500 | €0 | -€250 | - |
| Change in cash | - | - | - | €8,230 | €8,218 | -€8,174 | €22,583 | - |
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, 31,368 companies had the same profile as JURIS has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of JURIS itself is higher: 1.0% within 12 months. It rests on far more data about JURIS than the profile alone.
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 31,368 companies, not a prediction for JURIS. 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.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 31-08-2025 | 2025-00479426 | |
| 31-12-2023 | micro format | 01-10-2024 | 2024-00483770 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00430113 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20366363 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-58400118 | |
| 31-12-2019 | micro format | 17-12-2020 | 2020-76800003 | |
| 31-12-2018 | micro format | 17-12-2020 | 2020-76700355 | |
| 31-12-2017 | micro format | 17-12-2020 | 2020-76700345 | |
| 31-12-2016 | abbreviated format | 08-11-2017 | 2017-69400253 | |
| 31-12-2015 | abbreviated format | 16-05-2017 | 2017-12800338 |