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JUVECO

Active
Private limited companyfounded 2024active for 1 yearSteenbergstraat 38, 9520 Sint-Lievens-Houtem, BelgiumKBO/BCE: BE 1016.650.367

Financials · financial year 2025, micro format

2025 annual accounts filed 2 days after the deadline Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00032807.

Annual accounts 2025 filed on 02-02-2026 at the NBB

Turnover
≈ €71,000
Estimated: probably between €37,000 and €140,000
Total assets
€122,339
Net result
€6,152
Working capital
€9,475

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
Assets €122,339
Fixed assets €775
Current assets €121,564
Equity and liabilities €122,339
Equity €8,652
Debt €113,687
Debt's share of the balance-sheet total is 92.9%.
Key figures and ratios
2025 value
EBITDA
€11,751
Cash flow
€6,199
Current ratio
1.08
Quick ratio
0.42
Debt to equity
13.14
ROE
71.1%
ROA
5.0%
Interest coverage
3.62
Debt ≤ 1 year
€112,089
Income taxes
€2,307

Investments

fixed assets acquired
Item30-06-2025
Tangible fixed assets€821
Depreciation and write-downs of the year€47

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 33 lines
Balance sheet Code2025
Assets
Total assets20/58€122,339
Fixed assets21/28€775
Tangible fixed assets22/27€775
Furniture and vehicles24€775
Current assets29/58€121,564
Stocks and contracts in progress3€75,000
Stocks30/36€75,000
Cash at bank and in hand54/58€46,287
Deferred charges and accrued income490/1€277
Equity and liabilities
Total equity and liabilities10/49€122,339
Equity10/15€8,652
Contributions10/11€2,500
Reserves13€6,152
Distributable reserves133€6,152
Amounts payable17/49€113,687
Amounts payable within one year42/48€112,089
Taxes, remuneration and social security45€8,294
Taxes450/3€8,294
Other amounts payable47/48€103,796
Accrued charges and deferred income492/3€1,597
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47
Other operating charges640/8€387
Gross operating margin9900€12,138
Operating profit (loss)9901€11,704
Financial charges65/66B€3,245
Recurring financial charges65€3,245
Profit (loss) for the period before taxes9903€8,459
Income taxes67/77€2,307
Profit (loss) for the period9904€6,152
Profit (loss) for the period to be appropriated9905€6,152
Appropriation of the result
Profit (loss) to be appropriated9906€6,152
Transfer to equity691/2€6,152
To other reserves6921€6,152

The notes to these accounts have 5 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.

Source: Annual accounts 2025 at the NBB, filed on 02-02-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47
Other operating charges640/8€387
Gross operating margin9900€12,138
Operating profit (loss)9901€11,704
Financial charges65/66B€3,245
Recurring financial charges65€3,245
Profit (loss) for the period before taxes9903€8,459
Income taxes67/77€2,307
Profit (loss) for the period9904€6,152
Profit (loss) for the period to be appropriated9905€6,152
Line2025
Assets
Total assets20/58€122,339
Fixed assets21/28€775
Tangible fixed assets22/27€775
Furniture and vehicles24€775
Current assets29/58€121,564
Stocks and contracts in progress3€75,000
Stocks30/36€75,000
Cash at bank and in hand54/58€46,287
Deferred charges and accrued income490/1€277
Equity and liabilities
Total equity and liabilities10/49€122,339
Equity10/15€8,652
Contributions10/11€2,500
Reserves13€6,152
Distributable reserves133€6,152
Amounts payable17/49€113,687
Amounts payable within one year42/48€112,089
Taxes, remuneration and social security45€8,294
Taxes450/3€8,294
Other amounts payable47/48€103,796
Accrued charges and deferred income492/3€1,597
Line2025
Profit (loss) for the period9904€6,152
+ Depreciation and write-downs630€47
Operating cash flow (approximation)€6,199

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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Historical observation

In July 2024, 320 companies had the same profile as JUVECO has now. Two years later, 96.6% were still going and 0.9% had gone bankrupt.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
96.6% was still going
2.5% stopped otherwise
0.9% went bankrupt

That fits the bankruptcy probability of JUVECO itself: 0.3% 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.

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 320 companies, not a prediction for JUVECO. 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 (1)
Financial year Type Filed Reference Document
30-06-2025 micro format 02-02-2026 2026-00032807 PDF

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