OJ
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 59 days after the deadline Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00527519.
Annual accounts 2025 filed on 28-09-2026 at the NBB all 19 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€219,996▼ 131%
2024 · -€95,231
Working capital
-€2.5m▼ 5.0%
2024 · -€2.4m
In the rankings
#3 company by total assets in Pecq, Professional and technical services sector#5 oldest company in Pecq, Professional and technical services sector
Multi-year overview
2018 to 2025, 6 financial yearsOperating result
-€219,598
▼ 145%
2025
20182025
Net result
-€219,996
▼ 131%
2025
lowest quarter of the sector
20182025
Equity
€314,888
▼ 41.1%
2025
highest quarter of the sector
20182025
Total assets
€3.8m
▼ 2.5%
2025
highest quarter of the sector
20182025
Debt
€3.5m
▲ 3.7%
2025
20182025
Working capital
-€2.5m
▼ 5.0%
2025
lowest quarter of the sector
20182025
Solvency
8.3%
▼ 5.4pp
2025
lowest quarter of the sector
20182025
Current ratio
0.28
▼ 0.01
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-5.8%
▼ 3.3pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192022202320242025
Operating result-€0.1m--€0.5m▼ 262%-€0.05m--€0.07m▼ 50.9%-€0.09m▼ 30.4%-€0.2m▼ 145%
Net result-€0.1m--€0.5m▼ 262%-€0.05mbelow the sector's middle half--€0.07mbelow the sector's middle half▼ 50.2%-€0.1mbelow the sector's middle half▼ 37.6%-€0.2mbelow the sector's middle half▼ 131%
Equity-€1.0m-€0.9m€0.7mabove the sector's middle half-€0.6mabove the sector's middle half▼ 9.9%€0.5mabove the sector's middle half▼ 15.1%€0.3mabove the sector's middle half▼ 41.1%
Total assets€2.1m-€4.4m▲ 107%€4.1mabove the sector's middle half-€4.0mabove the sector's middle half▼ 2.2%€3.9mabove the sector's middle half▼ 1.8%€3.8mabove the sector's middle half▼ 2.5%
Debt€3.2m-€3.5m▲ 10.8%€3.4m-€3.3m▼ 0.6%€3.4m▲ 0.7%€3.5m▲ 3.7%
Working capital€0.7m-€0.4m▼ 42.4%€0.009mwithin the sector's middle half--€2.4mbelow the sector's middle half-€2.4mbelow the sector's middle half▲ 0.2%-€2.5mbelow the sector's middle half▼ 5.0%
Solvency-47.2%-21.1%▲ 68.3pp17.2%below the sector's middle half-15.8%below the sector's middle half▼ 1.4pp13.7%below the sector's middle half▼ 2.1pp8.3%below the sector's middle half▼ 5.4pp
Current ratio13.13-1.61▼ 11.521.01below the sector's middle half-0.28below the sector's middle half▼ 0.730.29below the sector's middle half▲ 0.010.28below the sector's middle half▼ 0.01
Return on assets (ROA)-6.2%--10.9%▼ 4.7pp-1.1%below the sector's middle half--1.7%below the sector's middle half▼ 0.6pp-2.4%below the sector's middle half▼ 0.7pp-5.8%below the sector's middle half▼ 3.3pp
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 loss of €219,598, larger than the loss of €89,783 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.8m
Fixed assets
€2.8m ▼ 3.4%
Current assets
€968,994 ▲ 0.4%
Equity and liabilities €3.8m
Equity
€314,888 ▼ 41.1%
Debt
€3.5m ▲ 3.7%
Debt's share of the balance-sheet total rises from 86.3% to 91.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€119,338▼
2024 · €10,803
Cash flow
-€119,737▼
2024 · €5,356
Quick ratio
0.18▼
2024 · 0.19
Debt to equity
11.10▲
2024 · 6.30
ROE
-69.9%▼
2024 · -17.8%
Interest coverage
-299.48▼
2024 · 34.95
Debt ≤ 1 year
€3.5m▲
2024 · €3.4m
Staff costs
€43,720▲
2024 · €41,440
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2024 |
|---|---|
| Employees at the balance-sheet date | 0 |
| full-time | 0 |
| part-time | 0 |
Source: social balance sheet in the 2024 annual accounts
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €1,731 | - | - |
| Depreciation and write-downs of the year | €100,315 | €100,457 | €100,587 | €100,259 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €38,386 | €39,959 | €41,440 | €43,720 | ▲ 5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €99,141 | €99,242 | €100,315 | €100,457 | €100,587 | €100,259 | ▼ 0.3% |
| Other operating charges640/8 | - | - | €8,020 | €5,024 | €7,472 | €5,639 | ▼ 24.5% |
| Gross operating margin9900 | -€31,134 | €904 | €101,080 | €76,572 | €59,715 | -€69,980 | - |
| Operating profit (loss)9901 | -€133,241 | -€482,757 | -€45,641 | -€68,868 | -€89,783 | -€219,598 | ▼ 145% |
| Financial income75/76B | - | - | - | €3 | - | €0 | - |
| Recurring financial income75 | - | - | - | €3 | - | €0 | - |
| Financial charges65/66B | - | - | €447 | €357 | €309 | €398 | ▲ 28.9% |
| Recurring financial charges65 | €268 | - | €447 | €357 | €309 | €398 | ▲ 28.9% |
| Profit (loss) for the period before taxes9903 | -€133,509 | -€482,757 | -€46,088 | -€69,223 | -€90,093 | -€219,996 | ▼ 144% |
| Income taxes67/77 | - | - | - | - | €5,138 | - | - |
| Profit (loss) for the period9904 | -€133,509 | -€482,757 | -€46,088 | -€69,223 | -€95,231 | -€219,996 | ▼ 131% |
| Profit (loss) for the period to be appropriated9905 | -€133,509 | -€482,757 | -€46,088 | -€69,223 | -€95,231 | -€219,996 | ▼ 131% |
| Line | 2018 | 2019 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €2.1m | €4.4m | €4.1m | €4.0m | €3.9m | €3.8m | ▼ 2.5% |
| Fixed assets21/28 | €1.3m | €3.3m | €3.1m | €3.0m | €2.9m | €2.8m | ▼ 3.4% |
| Tangible fixed assets22/27 | €1.3m | €3.3m | €3.0m | €2.9m | €2.8m | €2.7m | ▼ 3.6% |
| Land and buildings22 | - | - | €2.5m | €2.5m | €2.5m | €2.5m | ▼ 1.0% |
| Plant, machinery and equipment23 | - | - | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 24.3% |
| Furniture and vehicles24 | - | - | €0.001m | €0.002m | €0.001m | €435 | ▼ 57.0% |
| Financial fixed assets28 | €450 | €450 | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Current assets29/58 | €0.8m | €1.1m | €0.9m | €0.9m | €1.0m | €1.0m | ▲ 0.4% |
| Stocks and contracts in progress3 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Stocks30/36 | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Amounts receivable within one year40/41 | €0.5m | €0.4m | €0.5m | €0.6m | €0.6m | €0.6m | = |
| Trade receivables40 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.4% |
| Other amounts receivable41 | - | - | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 0.3% |
| Cash at bank and in hand54/58 | €0.01m | €0.4m | €0.07m | €0.05m | €0.008m | €0.01m | ▲ 38.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.005m | €0.005m | ▲ 2.8% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €2.1m | €4.4m | €4.1m | €4.0m | €3.9m | €3.8m | ▼ 2.5% |
| Equity10/15 | -€1.0m | €0.9m | €0.7m | €0.6m | €0.5m | €0.3m | ▼ 41.1% |
| Contributions10/11 | €0.02m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Revaluation surpluses12 | - | - | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Profit (loss) carried forward14 | -€1.0m | -€1.5m | -€1.7m | -€1.8m | -€1.9m | -€2.1m | ▼ 11.5% |
| Amounts payable17/49 | €3.2m | €3.5m | €3.4m | €3.3m | €3.4m | €3.5m | ▲ 3.7% |
| Amounts payable after more than one year17 | €3.0m | €2.8m | €2.5m | - | - | - | - |
| Financial debts170/4 | - | - | €2.5m | - | - | - | - |
| Amounts payable within one year42/48 | €0.06m | €0.7m | €0.9m | €3.3m | €3.4m | €3.5m | ▲ 3.7% |
| Trade debts44 | €0.03m | €0.02m | €0.03m | €0.01m | €0.02m | €0.03m | ▲ 108% |
| Suppliers440/4 | - | - | €0.03m | €0.01m | €0.02m | €0.03m | ▲ 108% |
| Taxes, remuneration and social security45 | - | - | €0.008m | €0.009m | €0.02m | €0.02m | ▼ 13.1% |
| Taxes450/3 | - | - | €230 | €197 | €0.005m | €0.004m | ▼ 17.9% |
| Remuneration and social security454/9 | - | - | €0.008m | €0.009m | €0.01m | €0.01m | ▼ 11.4% |
| Other amounts payable47/48 | - | - | €0.9m | €3.3m | €3.3m | €3.4m | ▲ 3.3% |
| Line | 2018 | 2019 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.1m | -€0.5m | -€0.05m | -€0.07m | -€0.1m | -€0.2m | ▼ 131% |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 0.3% |
| Operating cash flow (approximation) | -€0.03m | -€0.4m | €0.05m | €0.03m | €0.005m | -€0.1m | - |
| Investment in fixed assets (approximation) | - | -€2.1m | - | -€0.002m | €0 | €0 | ▼ 100% |
| Change in cash | - | €0.4m | - | -€0.02m | -€0.04m | €0.003m | - |
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, 1,104 companies had the same profile as OJ has now. Two years later, 94.3% were still going and 1.8% had gone bankrupt.
- Small
- 20 years or older
- solvency under 10%
- a small loss
94.3%
was still going
3.5%
stopped otherwise
1.8%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of OJ itself: 0.7% 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 1,104 companies, not a prediction for OJ. 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 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-09-2026 | 2026-00527519 | |
| 31-12-2024 | micro format | 12-09-2025 | 2025-00490518 | |
| 31-12-2023 | micro format | 06-09-2024 | 2024-00453322 | |
| 31-12-2022 | micro format | 01-09-2023 | 2023-00408779 | |
| 31-12-2019 | full format | 24-08-2020 | 2020-46900136 | |
| 31-12-2018 | full format | 27-09-2019 | 2019-66200572 | |
| 31-12-2017 | full format | 14-02-2019 | 2019-05000203 | |
| 31-12-2016 | full format | 16-11-2018 | 2018-72200144 | |
| 31-12-2015 | full format | 16-11-2018 | 2018-72200143 | |
| 31-12-2014 | full format | 17-03-2016 | 2016-07000032 |