JVN
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 6 days after the deadline Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00388992.
Annual accounts 2025 filed on 06-08-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €4,320, smaller than the loss of €4,766 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.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €44,700 | €3,273 | €3,551 |
| Depreciation and write-downs of the year | €6,760 | €9,456 | €10,315 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,760 | €9,456 | €10,315 | ▲ 9.1% |
| Other operating charges640/8 | €856 | €1,153 | €2,006 | ▲ 73.9% |
| Gross operating margin9900 | -€786 | €5,843 | €8,001 | ▲ 36.9% |
| Operating profit (loss)9901 | -€8,402 | -€4,766 | -€4,320 | ▲ 9.3% |
| Financial income75/76B | €120 | €241 | €101 | ▼ 58.0% |
| Recurring financial income75 | €120 | €241 | €101 | ▼ 58.0% |
| Financial charges65/66B | €65 | €213 | €136 | ▼ 36.0% |
| Recurring financial charges65 | €65 | €213 | €136 | ▼ 36.0% |
| Profit (loss) for the period before taxes9903 | -€8,347 | -€4,738 | -€4,355 | ▲ 8.1% |
| Profit (loss) for the period9904 | -€8,347 | -€4,738 | -€4,355 | ▲ 8.1% |
| Profit (loss) for the period to be appropriated9905 | -€8,347 | -€4,738 | -€4,355 | ▲ 8.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €52,626 | €57,258 | €46,807 | ▼ 18.3% |
| Fixed assets21/28 | €37,940 | €31,757 | €24,992 | ▼ 21.3% |
| Tangible fixed assets22/27 | €37,940 | €31,757 | €24,992 | ▼ 21.3% |
| Plant, machinery and equipment23 | €15,193 | €14,370 | €12,220 | ▼ 15.0% |
| Furniture and vehicles24 | €22,747 | €17,387 | €12,772 | ▼ 26.5% |
| Current assets29/58 | €14,686 | €25,502 | €21,815 | ▼ 14.5% |
| Stocks and contracts in progress3 | €4,193 | €4,892 | €6,211 | ▲ 27.0% |
| Stocks30/36 | €4,193 | €4,892 | €6,211 | ▲ 27.0% |
| Amounts receivable within one year40/41 | €8,877 | €12,545 | €6,415 | ▼ 48.9% |
| Trade receivables40 | €7,716 | €11,310 | €6,191 | ▼ 45.3% |
| Other amounts receivable41 | €1,161 | €1,235 | €224 | ▼ 81.9% |
| Cash at bank and in hand54/58 | €1,616 | €8,037 | €8,849 | ▲ 10.1% |
| Deferred charges and accrued income490/1 | - | €27 | €340 | ▲ 12× |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €52,626 | €57,258 | €46,807 | ▼ 18.3% |
| Equity10/15 | -€4,347 | -€9,085 | -€13,440 | ▼ 47.9% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | -€8,347 | -€13,085 | -€17,440 | ▼ 33.3% |
| Amounts payable17/49 | €56,973 | €66,343 | €60,247 | ▼ 9.2% |
| Amounts payable within one year42/48 | €56,973 | €66,343 | €60,247 | ▼ 9.2% |
| Trade debts44 | €7,052 | €18,023 | €3,522 | ▼ 80.5% |
| Suppliers440/4 | €7,052 | €18,023 | €3,522 | ▼ 80.5% |
| Taxes, remuneration and social security45 | €2,019 | €4,069 | €1,438 | ▼ 64.7% |
| Taxes450/3 | - | - | €1,438 | - |
| Remuneration and social security454/9 | €2,019 | €4,069 | - | - |
| Other amounts payable47/48 | €47,903 | €44,251 | €55,287 | ▲ 24.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,347 | -€4,738 | -€4,355 | ▲ 8.1% |
| + Depreciation and write-downs630 | €6,760 | €9,456 | €10,315 | ▲ 9.1% |
| Operating cash flow (approximation) | -€1,587 | €4,718 | €5,960 | ▲ 26.3% |
| Investment in fixed assets (approximation) | - | -€3,273 | -€3,551 | ▼ 8.5% |
| Change in cash | - | €6,422 | €812 | ▼ 87.4% |
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, 1,555 companies had the same profile as JVN has now. Two years later, 91.6% were still going and 4.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JVN itself: 1.9% 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 1,555 companies, not a prediction for JVN. 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.