JUWIMA
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 30-09-2025 PDF all 20 filings
Turnover
≈ €350,000
Estimated: probably between €260,000 and €400,000
Total assets
€1.5m▲ 15.9%
2023 · €1.3m
Net result
€44,106▼ 53.4%
2023 · €94,727
Working capital
-€112,892▲ 6.7%
2023 · -€121,062
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€92,592
▼ 40.8%
2024
20182024
Net result
€44,106
▼ 53.4%
2024
highest quarter of the sector
20182024
Equity
€182,623
▲ 31.8%
2024
highest quarter of the sector
20182024
Total assets
€1.5m
▲ 15.9%
2024
highest quarter of the sector
20182024
Debt
€1.3m
▲ 14.0%
2024
20182024
Working capital
-€112,892
▲ 6.7%
2024
lowest quarter of the sector
20182024
Solvency
12.1%
▲ 1.5pp
2024
middle half of the sector
20182024
Current ratio
0.50
▲ 0.09
2024
middle half of the sector
20182024
Return on assets (ROA)
2.9%
▼ 4.4pp
2024
middle half of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€0.08m-€0.02m▼ 73.9%€0.06m▲ 194%€0.02m▼ 70.5%€0.02m▲ 39.2%€0.2m▲ 561%€0.09m▼ 40.8%
Net result€0.05m-€0.002m▼ 96.0%-€0.003mwithin the sector's middle half-€0.007mbelow the sector's middle half▼ 158%€0.001mwithin the sector's middle half€0.09mabove the sector's middle half▲ 130×€0.04mabove the sector's middle half▼ 53.4%
Equity€0.05m-€0.05m▲ 3.6%€0.05mwithin the sector's middle half▼ 5.3%€0.04mwithin the sector's middle half▼ 14.3%€0.04mwithin the sector's middle half▲ 1.7%€0.1mabove the sector's middle half▲ 216%€0.2mabove the sector's middle half▲ 31.8%
Total assets€0.7m-€1.1m▲ 50.1%€1.7mabove the sector's middle half▲ 58.7%€1.2mabove the sector's middle half▼ 26.7%€1.3mabove the sector's middle half▲ 7.5%€1.3mabove the sector's middle half▼ 1.4%€1.5mabove the sector's middle half▲ 15.9%
Debt€0.7m-€1.0m▲ 53.8%€1.6m▲ 62.1%€1.2m▼ 27.1%€1.3m▲ 7.7%€1.2m▼ 8.9%€1.3m▲ 14.0%
Working capital-€0.1m--€0.2m▼ 38.2%-€0.3mbelow the sector's middle half▼ 70.3%-€0.3mbelow the sector's middle half▲ 23.3%-€0.2mbelow the sector's middle half▲ 29.4%-€0.1mbelow the sector's middle half▲ 32.4%-€0.1mbelow the sector's middle half▲ 6.7%
Solvency7.3%-5.0%▼ 2.3pp3.0%within the sector's middle half▼ 2.0pp3.5%within the sector's middle half▲ 0.5pp3.3%within the sector's middle half▼ 0.2pp10.7%within the sector's middle half▲ 7.3pp12.1%within the sector's middle half▲ 1.5pp
Current ratio0.14-0.12▼ 0.030.19below the sector's middle half▲ 0.080.22below the sector's middle half▲ 0.020.28below the sector's middle half▲ 0.070.41below the sector's middle half▲ 0.130.50within the sector's middle half▲ 0.09
Return on assets (ROA)6.7%-0.2%▼ 6.5pp-0.2%within the sector's middle half▼ 0.3pp-0.6%within the sector's middle half▼ 0.4pp0.1%within the sector's middle half▲ 0.6pp7.3%within the sector's middle half▲ 7.2pp2.9%within the sector's middle half▼ 4.4pp
above
within
below
The sector band is the middle half of the companies in Personal service activities (NACE 96). 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 41% lower than 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 €1.5m
Fixed assets
€1.4m ▲ 14.8%
Current assets
€112,299 ▲ 31.8%
Equity and liabilities €1.5m
Equity
€182,623 ▲ 31.8%
Debt
€1.3m ▲ 14.0%
Debt's share of the balance-sheet total falls from 89.3% to 87.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€162,624▼
2023 · €217,988
Cash flow
€114,138▼
2023 · €156,244
Debt to equity
7.25▼
2023 · 8.38
ROE
24.2%▼
2023 · 68.4%
Interest coverage
5.24▼
2023 · 7.42
Debt ≤ 1 year
€225,191▲
2023 · €206,297
Debt > 1 year
€1.1m▲
2023 · €950,157
Income taxes
€17,698▼
2023 · €32,384
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €146,610 | €379,394 | €28,117 | €249,697 |
| Depreciation and write-downs of the year | €62,758 | €65,156 | €61,517 | €70,032 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €8,151 | - | - | €3,258 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,986 | €75,775 | €89,262 | €62,758 | €65,156 | €61,517 | €70,032 | ▲ 13.8% |
| Other operating charges640/8 | - | - | - | €14,174 | €40,826 | €8,987 | €34,791 | ▲ 287% |
| Non-recurring operating charges66A | - | - | - | €56,838 | €23,093 | - | - | - |
| Gross operating margin9900 | €116,599 | €99,850 | €158,523 | €150,776 | €152,745 | €226,975 | €197,415 | ▼ 13.0% |
| Operating profit (loss)9901 | €75,191 | €19,593 | €57,697 | €17,005 | €23,670 | €156,471 | €92,592 | ▼ 40.8% |
| Financial income75/76B | - | - | - | €497 | €245 | €38 | €248 | ▲ 553% |
| Recurring financial income75 | €843 | €98 | - | €497 | €245 | €38 | €248 | ▲ 553% |
| Financial charges65/66B | - | - | - | €24,196 | €22,766 | €29,398 | €31,036 | ▲ 5.6% |
| Recurring financial charges65 | €29,426 | €17,146 | €22,185 | €24,196 | €22,766 | €29,398 | €31,036 | ▲ 5.6% |
| Profit (loss) for the period before taxes9903 | €46,607 | €2,545 | -€840 | -€6,694 | €1,148 | €127,111 | €61,804 | ▼ 51.4% |
| Income taxes67/77 | -€233 | €684 | €1,948 | €508 | €419 | €32,384 | €17,698 | ▼ 45.4% |
| Profit (loss) for the period9904 | €46,840 | €1,862 | -€2,788 | -€7,201 | €729 | €94,727 | €44,106 | ▼ 53.4% |
| Profit (loss) for the period to be appropriated9905 | €46,840 | €1,862 | -€2,788 | -€7,201 | €729 | €94,727 | €44,106 | ▼ 53.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.7m | €1.1m | €1.7m | €1.2m | €1.3m | €1.3m | €1.5m | ▲ 15.9% |
| Fixed assets21/28 | €0.7m | €1.0m | €1.6m | €1.2m | €1.2m | €1.2m | €1.4m | ▲ 14.8% |
| Tangible fixed assets22/27 | €0.7m | €1.0m | €1.6m | €1.2m | €1.2m | €1.2m | €1.4m | ▲ 14.8% |
| Land and buildings22 | - | - | - | €1.0m | €1.2m | €1.1m | €1.3m | ▲ 15.4% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.07m | €0.07m | €0.06m | ▼ 7.7% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.005m | €0.02m | €0.03m | ▲ 74.6% |
| Financial fixed assets28 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €0.02m | €0.03m | €0.08m | €0.07m | €0.07m | €0.09m | €0.1m | ▲ 31.8% |
| Amounts receivable within one year40/41 | €0.01m | €0.01m | €0.07m | €0.06m | €0.05m | €0.05m | €0.09m | ▲ 78.9% |
| Trade receivables40 | - | - | - | €0.06m | €0.05m | €0.05m | €0.09m | ▲ 77.0% |
| Other amounts receivable41 | - | - | - | - | - | - | €0.001m | - |
| Cash at bank and in hand54/58 | €0.007m | €0.008m | €0.003m | €0.002m | €0.01m | €0.03m | €0.02m | ▼ 33.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.004m | €0.002m | €0.002m | ▼ 2.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.7m | €1.1m | €1.7m | €1.2m | €1.3m | €1.3m | €1.5m | ▲ 15.9% |
| Equity10/15 | €0.05m | €0.05m | €0.05m | €0.04m | €0.04m | €0.1m | €0.2m | ▲ 31.8% |
| Contributions10/11 | €0.09m | €0.09m | - | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Reserves13 | - | - | - | - | - | €0.05m | €0.09m | ▲ 88.2% |
| Distributable reserves133 | - | - | - | - | - | €0.05m | €0.09m | ▲ 88.2% |
| Profit (loss) carried forward14 | -€0.04m | -€0.04m | -€0.04m | -€0.05m | -€0.04m | €17 | €123 | ▲ 608% |
| Amounts payable17/49 | €0.7m | €1.0m | €1.6m | €1.2m | €1.3m | €1.2m | €1.3m | ▲ 14.0% |
| Amounts payable after more than one year17 | €0.5m | €0.8m | €1.2m | €0.9m | €1.0m | €1.0m | €1.1m | ▲ 14.4% |
| Financial debts170/4 | - | - | - | €0.9m | €1.0m | €1.0m | €1.1m | ▲ 14.4% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | ▲ 9.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | €0.1m | €0.09m | €0.1m | ▲ 18.9% |
| Trade debts44 | €0.02m | €0.01m | €0.04m | €0.02m | €0.02m | €0.01m | €0.008m | ▼ 26.8% |
| Suppliers440/4 | - | - | - | €0.02m | €0.02m | €0.01m | €0.008m | ▼ 26.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.02m | €0.05m | €0.03m | ▼ 43.3% |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.05m | €0.03m | ▼ 43.3% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.1m | €0.06m | €0.08m | ▲ 51.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.004m | €0.01m | ▲ 156% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,840 | €1,862 | -€2,788 | -€7,201 | €729 | €94,727 | €44,106 | ▼ 53.4% |
| + Depreciation and write-downs630 | €36,986 | €75,775 | €89,262 | €62,758 | €65,156 | €61,517 | €70,032 | ▲ 13.8% |
| Operating cash flow (approximation) | €83,826 | €77,636 | €86,474 | €55,557 | €65,885 | €156,244 | €114,138 | ▼ 26.9% |
| Investment in fixed assets (approximation) | - | -€425,254 | -€653,999 | €373,897 | -€156,302 | -€28,117 | -€249,697 | ▼ 788% |
| Change in cash | - | €1,491 | -€5,140 | -€799 | €9,974 | €21,684 | -€11,330 | - |
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, 4,685 companies had the same profile as JUWIMA has now. Two years later, 96.9% were still going and 1.1% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
96.9%
was still going
1.9%
stopped otherwise
1.1%
went bankrupt
The bankruptcy probability of JUWIMA itself is higher: 1.8% within 12 months. It rests on far more data about JUWIMA 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 4,685 companies, not a prediction for JUWIMA. 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 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 30-09-2025 | 2025-00516394 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00420962 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00395064 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20403652 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-70600291 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66600064 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-61300141 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-58500116 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-53900240 | |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-54600471 |