JYS
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 27-01-2026 PDF all 29 filings
Turnover
€285,000▼ 4.5%
2023 · €298,500
EBIT margin
-33.3%▼ 5.5pp
2023 · -27.7%
Net result
€183,388▲ 81.1%
2024 · €101,279
Working capital
€4.5m▲ 4.6%
2024 · €4.3m
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
no figure
2025
20192025
Operating result
€49,007
2025
20192025
Net result
€183,388
▲ 81.1%
2025
highest quarter of the sector
20192025
EBIT margin
no figure
2025
20192025
Equity
€6.0m
▲ 3.2%
2025
highest quarter of the sector
20192025
Total assets
€6.1m
▲ 3.5%
2025
highest quarter of the sector
20192025
Debt
€90,864
▲ 29.5%
2025
20192025
Working capital
€4.5m
▲ 4.6%
2025
highest quarter of the sector
20192025
Solvency
98.5%
▼ 0.3pp
2025
highest quarter of the sector
20192025
Current ratio
75.83
▲ 13.77
2025
highest quarter of the sector
20192025
Return on assets (ROA)
3.0%
▲ 1.3pp
2025
middle half of the sector
20192025
Staff (FTE)
2.9
▼ 9.4%
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€0.3m€0.3m▼ 4.5%
Operating result-€0.05m-€0.04m€0.002m▼ 95.9%-€0.02m-€0.08m▼ 415%-€0.09m▼ 14.5%€0.05m
Net result-€0.01m-€0.05mwithin the sector's middle half€0.2mabove the sector's middle half▲ 398%€111below the sector's middle half▼ 100.0%€0.04mwithin the sector's middle half▲ 384×€0.1mwithin the sector's middle half▲ 137%€0.2mabove the sector's middle half▲ 81.1%
EBIT margin-27.7%-33.3%▼ 5.5pp
Equity€7.4m-€7.5mabove the sector's middle half▲ 0.6%€7.7mabove the sector's middle half▲ 3.2%€5.6mabove the sector's middle half▼ 26.9%€5.7mabove the sector's middle half▲ 0.8%€5.8mabove the sector's middle half▲ 1.8%€6.0mabove the sector's middle half▲ 3.2%
Total assets€7.5m-€7.6mabove the sector's middle half▲ 0.7%€7.8mabove the sector's middle half▲ 2.8%€5.7mabove the sector's middle half▼ 26.9%€5.7mwithin the sector's middle half▲ 0.7%€5.8mwithin the sector's middle half▲ 2.3%€6.1mabove the sector's middle half▲ 3.5%
Debt€0.08m-€0.09m▲ 5.6%€0.06m▼ 31.5%€0.04m▼ 26.9%€0.04m▼ 11.8%€0.07m▲ 86.2%€0.09m▲ 29.5%
Working capital€6.2m-€6.3mabove the sector's middle half▲ 0.5%€6.5mabove the sector's middle half▲ 3.9%€4.5mabove the sector's middle half▼ 31.4%€4.2mabove the sector's middle half▼ 5.2%€4.3mabove the sector's middle half▲ 1.1%€4.5mabove the sector's middle half▲ 4.6%
Solvency98.9%-98.9%above the sector's middle half▼ 0.1pp99.2%above the sector's middle half▲ 0.4pp99.2%above the sector's middle half=99.3%above the sector's middle half▲ 0.1pp98.8%above the sector's middle half▼ 0.5pp98.5%above the sector's middle half▼ 0.3pp
Current ratio79.70-77.30above the sector's middle half▼ 2.3962.06above the sector's middle half75.83above the sector's middle half▲ 13.77
Return on assets (ROA)-0.1%-0.6%within the sector's middle half▲ 0.8pp3.1%within the sector's middle half▲ 2.4pp0.0%below the sector's middle half▼ 3.1pp0.7%within the sector's middle half▲ 0.7pp1.7%within the sector's middle half▲ 1.0pp3.0%within the sector's middle half▲ 1.3pp
Staff (FTE)2.5-3within the sector's middle half▲ 20.0%3within the sector's middle half=3.2within the sector's middle half▲ 6.7%3.2within the sector's middle half=3.2within the sector's middle half=2.9above the sector's middle half▼ 9.4%
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 2025 is a profit of €49,007, after a loss of €94,834 in 2024. It is the highest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.1m
Fixed assets
€1.5m ▲ 1.1%
Current assets
€4.5m ▲ 4.3%
Equity and liabilities €6.1m
Equity
€6.0m ▲ 3.2%
Debt
€90,864 ▲ 29.5%
Debt's share of the balance-sheet total rises from 1.2% to 1.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€90,901▲
2024 · -€78,271
Cash flow
€225,282▲
2024 · €117,841
Debt to equity
0.02▲
2024 · 0.01
ROE
3.1%▲
2024 · 1.8%
Interest coverage
-3.21▼
2024 · 3.92
Debt ≤ 1 year
€59,916▼
2024 · €70,186
Debt > 1 year
€30,948
Income taxes
€24,134▲
2024 · €991
Staff costs
€164,147▼
2024 · €172,411
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 4 | 4 | 3 |
| full-time | 3 | 3 | 3 | 3 |
| part-time | 1 | 1 | 1 | - |
| in full-time equivalents | 3.2 | 3.2 | 3.2 | 3 |
| Average over the year, in full-time equivalents | 3.2 | 3.2 | 3.2 | 2.9 |
| On a permanent contract | 4 | 4 | 4 | 3 |
| Joined | 1 | - | - | 0 |
| Left | 0 | - | - | 1 |
| Training hours | 20 | 16 | 16 | 6 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €9,132 | €69,531 | €168,183 |
| Depreciation and write-downs of the year | €30,399 | €22,104 | €16,562 | €41,894 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €310,302 | €296,465 | - | - |
| Turnover70 | - | - | - | - | €298,500 | €285,000 | - | - |
| Other operating income74 | - | - | - | - | €11,802 | €11,465 | - | - |
| Non-recurring operating income76A | - | - | - | €45,626 | - | - | €230,765 | - |
| Operating charges60/66A | - | - | - | - | €393,114 | €391,298 | - | - |
| Services and other goods61 | - | - | - | - | €197,934 | €192,727 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €157,970 | €167,647 | €172,411 | €164,147 | ▼ 4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,124 | €21,755 | €27,840 | €30,399 | €22,104 | €16,562 | €41,894 | ▲ 153% |
| Other operating charges640/8 | - | - | - | €2,844 | €3,372 | €2,497 | €2,631 | ▲ 5.4% |
| Non-recurring operating charges66A | - | - | - | - | €2,055 | €7,101 | €73,853 | ▲ 940% |
| Gross operating margin9900 | €90,628 | €219,244 | €172,233 | €175,122 | - | - | €331,533 | - |
| Operating profit (loss)9901 | -€50,167 | €44,551 | €1,841 | -€16,091 | -€82,812 | -€94,834 | €49,007 | - |
| Financial income75/76B | - | - | - | €147,836 | €116,928 | €177,156 | €130,163 | ▼ 26.5% |
| Recurring financial income75 | €90,282 | €124,308 | €87,106 | €147,836 | €116,928 | €177,156 | €130,163 | ▼ 26.5% |
| Income from financial fixed assets750 | - | - | - | - | €52,431 | €94,417 | - | - |
| Income from current assets751 | - | - | - | - | €64,496 | €82,739 | - | - |
| Financial charges65/66B | - | - | - | €105,384 | -€9,672 | -€19,947 | -€28,352 | ▼ 42.1% |
| Recurring financial charges65 | €49,173 | €119,736 | -€151,924 | €105,384 | -€9,672 | -€19,947 | -€28,352 | ▼ 42.1% |
| Debt charges650 | - | - | - | - | €262 | - | - | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | - | -€25,305 | -€29,318 | - | - |
| Other financial charges652/9 | - | - | - | - | €15,371 | €9,371 | - | - |
| Profit (loss) for the period before taxes9903 | -€9,058 | €49,123 | €240,871 | €26,361 | €43,788 | €102,269 | €207,522 | ▲ 103% |
| Income taxes67/77 | €1,452 | €1,178 | €2,057 | €26,250 | €1,065 | €991 | €24,134 | ▲ 24× |
| Taxes670/3 | - | - | - | - | €1,065 | €991 | - | - |
| Profit (loss) for the period9904 | -€10,510 | €47,945 | €238,814 | €111 | €42,723 | €101,279 | €183,388 | ▲ 81.1% |
| Profit (loss) for the period to be appropriated9905 | -€10,510 | €47,945 | €238,814 | €111 | €42,723 | €101,279 | €183,388 | ▲ 81.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €7.5m | €7.6m | €7.8m | €5.7m | €5.7m | €5.8m | €6.1m | ▲ 3.5% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.2m | €1.2m | €1.4m | €1.5m | €1.5m | ▲ 1.1% |
| Tangible fixed assets22/27 | €0.07m | €0.09m | €0.08m | €0.05m | €0.03m | €0.09m | €0.2m | ▲ 146% |
| Furniture and vehicles24 | - | - | - | €0.05m | €0.03m | €0.09m | €0.2m | ▲ 102% |
| Leasing and similar rights25 | - | - | - | - | - | - | €0.04m | - |
| Financial fixed assets28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.4m | €1.4m | €1.3m | ▼ 7.8% |
| Affiliated companies280/1 | - | - | - | - | €1.4m | €1.4m | - | - |
| Participating interests280 | - | - | - | - | €1.1m | €1.1m | - | - |
| Amounts receivable281 | - | - | - | - | €0.3m | €0.3m | - | - |
| Current assets29/58 | €6.3m | €6.3m | €6.6m | €4.5m | €4.3m | €4.4m | €4.5m | ▲ 4.3% |
| Amounts receivable after more than one year29 | - | - | - | €1.8m | €2.0m | €2.0m | €1.6m | ▼ 20.4% |
| Other amounts receivable291 | - | - | - | €1.8m | €2.0m | €2.0m | €1.6m | ▼ 20.4% |
| Amounts receivable within one year40/41 | €0.9m | €0.6m | €0.1m | €0.04m | €0.07m | €0.1m | €0.2m | ▲ 58.7% |
| Trade receivables40 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | ▼ 12.6% |
| Other amounts receivable41 | - | - | - | €0.004m | €0.04m | €0.06m | €0.1m | ▲ 97.7% |
| Current investments50/53 | €3.3m | €3.0m | €2.6m | €2.4m | €2.1m | €2.1m | €2.3m | ▲ 5.3% |
| Other investments51/53 | - | - | - | - | €2.1m | €2.1m | - | - |
| Cash at bank and in hand54/58 | €1.3m | €1.3m | €0.4m | €0.1m | €0.06m | €0.1m | €0.5m | ▲ 398% |
| Deferred charges and accrued income490/1 | - | - | - | €0.07m | €0.09m | €0.06m | €0.05m | ▼ 5.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €7.5m | €7.6m | €7.8m | €5.7m | €5.7m | €5.8m | €6.1m | ▲ 3.5% |
| Equity10/15 | €7.4m | €7.5m | €7.7m | €5.6m | €5.7m | €5.8m | €6.0m | ▲ 3.2% |
| Contributions10/11 | €2.2m | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €5.2m | €5.2m | €5.5m | €5.5m | €5.5m | €5.5m | €5.7m | ▲ 3.3% |
| Distributable reserves133 | - | - | - | €5.5m | €5.5m | €5.5m | €5.7m | ▲ 3.3% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0.1m | €0.1m | = |
| Amounts payable17/49 | €0.08m | €0.09m | €0.06m | €0.04m | €0.04m | €0.07m | €0.09m | ▲ 29.5% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €0.03m | - |
| Financial debts170/4 | - | - | - | - | - | - | €0.03m | - |
| Amounts payable within one year42/48 | €0.08m | €0.08m | €0.05m | €0.04m | €0.04m | €0.07m | €0.06m | ▼ 14.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €0.007m | - |
| Trade debts44 | €0.004m | €0.004m | €0.008m | €0.01m | €0.007m | €0.04m | €0.01m | ▼ 73.7% |
| Suppliers440/4 | - | - | - | €0.01m | €0.007m | €0.04m | €0.01m | ▼ 73.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 16.1% |
| Taxes450/3 | - | - | - | €0.02m | €0.01m | €0.01m | €0.005m | ▼ 52.4% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 10.6% |
| Other amounts payable47/48 | - | - | - | - | - | €67 | €0.02m | ▲ 281× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,510 | €47,945 | €238,814 | €111 | €42,723 | €101,279 | €183,388 | ▲ 81.1% |
| + Depreciation and write-downs630 | €27,124 | €21,755 | €27,840 | €30,399 | €22,104 | €16,562 | €41,894 | ▲ 153% |
| Operating cash flow (approximation) | €16,614 | €69,700 | €266,654 | €30,510 | €64,827 | €117,841 | €225,282 | ▲ 91.2% |
| Investment in fixed assets (approximation) | - | -€37,067 | -€19,742 | €0 | -€299,132 | -€69,531 | -€58,183 | ▲ 16.3% |
| Change in cash | - | -€459 | -€854,332 | -€318,964 | -€58,278 | €45,248 | €420,824 | ▲ 830% |
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, 17,041 companies had the same profile as JYS has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JYS itself: < 0.1% 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 17,041 companies, not a prediction for JYS. 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 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 27-01-2026 | 2026-00014916 | |
| 30-06-2024 | full format | 31-01-2025 | 2025-00025249 | |
| 30-06-2023 | full format | 29-01-2024 | 2024-00009839 | |
| 30-06-2022 | abbreviated format | 31-01-2023 | 2023-00015372 | |
| 30-06-2021 | abbreviated format | 31-01-2022 | 2022-03500160 | |
| 30-06-2020 | abbreviated format | 28-01-2021 | 2021-02300463 | |
| 30-06-2019 | abbreviated format | 30-01-2020 | 2020-03000478 | |
| 30-06-2018 | full format | 07-01-2019 | 2019-00500578 | |
| 30-06-2017 | full format | 30-01-2018 | 2018-03600207 | |
| 30-06-2016 | full format | 30-01-2017 | 2017-02900343 |