SRJ
Dissolved and wound up on 27-05-2026Financials · financial year 2026, micro format
Annual accounts 2026 filed on 23-10-2026 at the NBB all 6 filings
Equity
€5,887▼ 71.9%
2025 · €20,926
Total assets
€10,387▼ 73.6%
2025 · €39,394
Net result
-€15,039
2025 · €6,760
Working capital
€5,887▼ 70.7%
2025 · €20,116
Multi-year overview
2021 to 2026, 6 financial yearsOperating result
-€14,894
2026
20212026
Net result
-€15,039
2026
20212026
Equity
€5,887
▼ 71.9%
2026
20212026
Total assets
€10,387
▼ 73.6%
2026
20212026
Debt
€4,500
▼ 75.6%
2026
20212026
Working capital
€5,887
▼ 70.7%
2026
20212026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202120222023202420252026
Operating result€6,668--€3,955€27,320€22,263▼ 18.5%€10,819▼ 51.4%-€14,894
Net result€5,892--€3,955€22,967€15,166▼ 34.0%€6,760▼ 55.4%-€15,039
Equity€10,892-€6,937▼ 36.3%€29,904▲ 331%€14,166▼ 52.6%€20,926▲ 47.7%€5,887▼ 71.9%
Total assets€15,743-€21,946▲ 39.4%€47,356▲ 116%€49,924▲ 5.4%€39,394▼ 21.1%€10,387▼ 73.6%
Debt€4,852-€15,009▲ 209%€17,452▲ 16.3%€35,759▲ 105%€18,468▼ 48.4%€4,500▼ 75.6%
Working capital€9,711-€6,506▼ 33.0%€29,843▲ 359%€12,546▼ 58.0%€20,116▲ 60.3%€5,887▼ 70.7%
The operating result for 2026 is a loss of €14,894, after a profit of €10,819 in 2025. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €10,387
Equity
€5,887 ▼ 71.9%
Debt
€4,500 ▼ 75.6%
Debt's share of the balance-sheet total falls from 46.9% to 43.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€14,084▼
2025 · €11,629
Cash flow
-€14,229▼
2025 · €7,570
Current ratio
2.31▲
2025 · 2.09
Debt to equity
0.76▼
2025 · 0.88
ROE
-255.5%▼
2025 · 32.3%
ROA
-144.8%▼
2025 · 17.2%
Interest coverage
-96.95▼
2025 · 40.42
Debt ≤ 1 year
€4,500▼
2025 · €18,468
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €2,430 | - | - |
| Depreciation and write-downs of the year | €750 | €369 | €810 | €810 | €810 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,426 | €750 | €369 | €810 | €810 | €810 | = |
| Other operating charges640/8 | - | - | €100 | €194 | €141 | €144 | ▲ 2.6% |
| Non-recurring operating charges66A | - | - | - | €61 | - | - | - |
| Gross operating margin9900 | €9,095 | -€3,205 | €27,790 | €23,328 | €11,769 | -€13,940 | - |
| Operating profit (loss)9901 | €6,668 | -€3,955 | €27,320 | €22,263 | €10,819 | -€14,894 | - |
| Financial income75/76B | - | - | - | €0 | €1 | - | - |
| Recurring financial income75 | - | - | - | €0 | €1 | - | - |
| Financial charges65/66B | - | - | €128 | €135 | €288 | €145 | ▼ 49.5% |
| Recurring financial charges65 | €26 | - | €128 | €135 | €288 | €145 | ▼ 49.5% |
| Profit (loss) for the period before taxes9903 | €6,642 | -€3,955 | €27,193 | €22,127 | €10,532 | -€15,039 | - |
| Income taxes67/77 | €751 | - | €4,225 | €6,962 | €3,771 | - | - |
| Profit (loss) for the period9904 | €5,892 | -€3,955 | €22,967 | €15,166 | €6,760 | -€15,039 | - |
| Profit (loss) for the period to be appropriated9905 | €5,892 | -€3,955 | €22,967 | €15,166 | €6,760 | -€15,039 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €15,743 | €21,946 | €47,356 | €49,924 | €39,394 | €10,387 | ▼ 73.6% |
| Fixed assets21/28 | €1,180 | €431 | €61 | €1,620 | €810 | - | - |
| Tangible fixed assets22/27 | €1,180 | €431 | €61 | €1,620 | €810 | - | - |
| Plant, machinery and equipment23 | - | €431 | €61 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €1,620 | €810 | - | - |
| Current assets29/58 | €14,563 | €21,516 | €47,295 | €48,305 | €38,584 | €10,387 | ▼ 73.1% |
| Amounts receivable within one year40/41 | - | €15,467 | €30,925 | €42,126 | €25,410 | €8,126 | ▼ 68.0% |
| Trade receivables40 | - | €13,725 | €30,250 | €42,126 | €25,410 | - | - |
| Other amounts receivable41 | - | €1,742 | €675 | - | - | €8,126 | - |
| Cash at bank and in hand54/58 | €14,563 | €6,049 | €16,369 | €6,042 | €13,174 | €2,261 | ▼ 82.8% |
| Deferred charges and accrued income490/1 | - | - | - | €137 | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €15,743 | €21,946 | €47,356 | €49,924 | €39,394 | €10,387 | ▼ 73.6% |
| Equity10/15 | €10,892 | €6,937 | €29,904 | €14,166 | €20,926 | €5,887 | ▼ 71.9% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | - | - | - | - | €6,760 | €6,760 | = |
| Distributable reserves133 | - | - | - | - | €6,760 | €6,760 | = |
| Profit (loss) carried forward14 | €5,892 | €1,937 | €24,904 | €9,166 | €9,166 | -€5,873 | - |
| Amounts payable17/49 | €4,852 | €15,009 | €17,452 | €35,759 | €18,468 | €4,500 | ▼ 75.6% |
| Amounts payable within one year42/48 | €4,852 | €15,009 | €17,452 | €35,759 | €18,468 | €4,500 | ▼ 75.6% |
| Trade debts44 | €1,260 | €14,259 | €9,626 | €1,416 | €480 | €4,500 | ▲ 837% |
| Suppliers440/4 | - | €14,259 | €9,626 | €1,416 | €480 | €4,500 | ▲ 837% |
| Taxes, remuneration and social security45 | - | €751 | €4,826 | €11,169 | €4,896 | - | - |
| Taxes450/3 | - | €751 | €4,826 | €11,169 | €4,896 | - | - |
| Other amounts payable47/48 | - | - | €3,000 | €23,174 | €13,092 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,892 | -€3,955 | €22,967 | €15,166 | €6,760 | -€15,039 | - |
| + Depreciation and write-downs630 | €2,426 | €750 | €369 | €810 | €810 | €810 | = |
| Operating cash flow (approximation) | €8,318 | -€3,205 | €23,336 | €15,976 | €7,570 | -€14,229 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,368 | €0 | - | - |
| Change in cash | - | -€8,514 | €10,320 | -€10,327 | €7,133 | -€10,913 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 23-10-2026 | 2026-00594626 | |
| 31-03-2025 | micro format | 27-10-2025 | 2025-00552815 | |
| 31-03-2024 | micro format | 29-10-2024 | 2024-00528763 | |
| 31-03-2023 | micro format | 30-10-2023 | 2023-00502265 | |
| 31-03-2022 | micro format | 03-11-2022 | 2022-20516866 | |
| 31-03-2021 | micro format | 30-11-2021 | 2021-78800217 |