ACTIVE

J+M

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Financial year 2025 · closed on 31/12/2025

Net result

1,3 M €

-0.0% YoY

Gross margin

1,7 M €

-2.1% YoY

Equity

1,5 M €

-49.1% YoY

What does J+M do?

J+M is a Public limited company incorporated in 1969. Its registered office is in Saint-Gilles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0406.801.073

Incorporation

01/07/1969

Legal form

Public limited company

Registered office

Avenue Brugmann 27A
1060 Saint-Gilles · BruxellesSee on map

Contributed capital

271 500,00 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,7 M €	-2.1%	1,7 M €	+5481%	30,7 k €	+27.8%	24 k €	-96.2%	639,1 k €	-5.8%	678,2 k €	-15.2%	799,7 k €	+12.3%	711,8 k €	-10.4%	794,6 k €	-11.1%	894,2 k €	-1.3%	906 k €	-12.8%	1 M €	+0.1%	1 M €	-7.0%	1,1 M €	+15.6%	965,6 k €	-19.9%	1,2 M €	+0.7%	1,2 M €	+10.9%	1,1 M €
EBITDA	1,7 M €	-2.0%	1,7 M €	+18141%	9,4 k €	+23.5%	7,6 k €	-95.3%	162,5 k €	+50.5%	108 k €	-53.8%	234 k €	+143%	96,3 k €	-46.4%	179,7 k €	-38.3%	291,4 k €	+12.0%	260,2 k €	-16.0%	309,8 k €	+9.3%	283,5 k €	-8.7%	310,4 k €	+25.9%	246,6 k €	-44.3%	443,1 k €	-9.0%	487,1 k €	+39.8%	348,3 k €
Operating result	1,7 M €	-2.0%	1,7 M €	+4340%	-40,3 k €	+4.2%	-42,1 k €	-363%	16 k €	+404%	-5,3 k €	-106%	89,4 k €	+261%	-55,5 k €	-299%	27,8 k €	-77.3%	122,6 k €	+19.0%	103 k €	-27.2%	141,5 k €	+33.8%	105,8 k €	-18.3%	129,5 k €	+70.0%	76,2 k €	-77.9%	345 k €	-6.7%	369,6 k €	+56.7%	235,9 k €
Net result	1,3 M €	-0.0%	1,3 M €	+4835%	27,2 k €	+179%	-34,5 k €	-287%	18,5 k €	+446%	-5,4 k €	-107%	74 k €	+231%	-56,7 k €	+42.3%	-98,3 k €	-252%	64,7 k €	+18.9%	54,4 k €	-27.0%	74,6 k €	+312%	18,1 k €	-56.8%	41,9 k €	-42.4%	72,8 k €	-71.6%	256 k €	-8.0%	278,1 k €	+37.7%	202 k €
Balance sheet
Equity	1,5 M €	-49.1%	3 M €	+79.6%	1,7 M €	+1.6%	1,7 M €	+0.2%	1,7 M €	+1.1%	1,6 M €	-3.3%	1,7 M €	+1.4%	1,7 M €	-3.3%	1,7 M €	-8.4%	1,9 M €	+0.2%	1,9 M €	+0.0%	1,9 M €	+4.1%	1,8 M €	+1.0%	1,8 M €	-0.0%	1,8 M €	+4.2%	1,7 M €	+4.7%	1,6 M €	+11.8%	1,5 M €
Total assets	6,4 M €	+93.7%	3,3 M €	+58.3%	2,1 M €	+0.2%	2,1 M €	-20.4%	2,6 M €	-8.3%	2,8 M €	-7.0%	3,1 M €	-3.2%	3,2 M €	-9.6%	3,5 M €	-4.4%	3,7 M €	-2.2%	3,7 M €	-9.1%	4,1 M €	-3.3%	4,2 M €	-18.0%	5,2 M €	+21.3%	4,3 M €	+34.8%	3,2 M €	-0.6%	3,2 M €	+6.3%	3 M €
Cash	9,2 k €	+65.3%	5,6 k €	-24.0%	7,3 k €	-83.6%	44,9 k €	-82.9%	261,8 k €	-16.0%	311,5 k €	-7.1%	335,1 k €	+22.0%	274,6 k €	-8.5%	300 k €	-47.5%	572 k €	+50.2%	380,7 k €	+13.3%	335,9 k €	-5.9%	357,1 k €	-44.0%	637,6 k €	+454%	115,1 k €	+15.0%	100,1 k €	-36.1%	156,6 k €	-38.2%	253,3 k €
Debts	4,8 M €	+1762%	259,2 k €	-33.7%	390,8 k €	-5.0%	411,3 k €	-54.9%	911,5 k €	-21.8%	1,2 M €	-12.1%	1,3 M €	-8.7%	1,5 M €	-16.1%	1,7 M €	-0.1%	1,7 M €	-4.8%	1,8 M €	-17.1%	2,2 M €	-8.9%	2,4 M €	-27.5%	3,3 M €	+35.5%	2,4 M €	+72.8%	1,4 M €	-6.5%	1,5 M €	+1.0%	1,5 M €
Other
Workforce	–		–		–		–		10,0 ETP	-6.5%	10,7 ETP	-2.7%	11,0 ETP	0.0%	11,0 ETP	0.0%	11,0 ETP	0.0%	11,0 ETP	-16.7%	13,2 ETP	-10.8%	14,8 ETP	-5.1%	15,6 ETP	-6.6%	16,7 ETP	+6.4%	15,7 ETP	-6.0%	16,7 ETP	+3.7%	16,1 ETP	-1.8%	16,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 23 ended

Active mandates

E - MAPROD

Director · since 14 mars 2022 · until 14 mars 2028 · 0475.285.350

Represented by STEPHANE BENAYM

Active

Ended mandates

E - MAPROD

Director · since 18 mars 2022 · 0475.285.350

Represented by STEPHANE BENAYM

Ended

Christophe DE WALQUE

Director · since 12 février 2020 · until 14 juin 2025

Ended

Julien NEYTS

Director · since 12 février 2020 · until 14 juin 2025

Ended

Laurent GRAAS

Director · since 12 février 2020 · until 14 juin 2025

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/06/2026	01/07/2025	10/07/2024	29/08/2023	02/12/2022	29/09/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	14/08/2023	10/06/2022	11/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	29/06/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	01/07/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	10/07/2024	French	PDF
Abridged model	31/12/2022	14/08/2023	29/08/2023	French	PDF
Abridged model	31/12/2021	10/06/2022	02/12/2022	French	PDF
Abridged model	31/12/2020	11/06/2021	29/09/2021	French	PDF
Abridged model	31/12/2019	15/09/2020	18/12/2020	French	PDF
Abridged modelCorrection	31/12/2018	14/06/2019	30/09/2019	French	PDF
Abridged model	31/12/2018	14/06/2019	17/07/2019	French	PDF
Abridged model	31/12/2017	08/06/2018	31/07/2018	French	PDF
Abridged model	31/12/2016	09/06/2017	26/07/2017	French	PDF
Abridged model	31/12/2015	13/06/2016	29/07/2016	French	PDF
Abridged model	31/12/2014	12/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	13/06/2014	31/07/2014	French	PDF
Abridged model	31/12/2012	14/06/2013	18/07/2013	French	PDF
Abridged model	31/12/2011	13/06/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	10/06/2011	24/06/2011	French	PDF
Abridged model	31/12/2009	11/06/2010	06/07/2010	French	PDF
Abridged model	31/12/2008	12/06/2009	14/07/2009	French	PDF
Abridged model	31/12/2007	13/06/2008	03/07/2008	French	PDF
Abridged model	31/12/2006	08/06/2007	12/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 23 ended

Active mandates

E - MAPROD

Director · since 14 mars 2022 · until 14 mars 2028 · 0475.285.350

Represented by STEPHANE BENAYM

Active

Ended mandates

E - MAPROD

Director · since 18 mars 2022 · 0475.285.350

Represented by STEPHANE BENAYM

Ended

Christophe DE WALQUE

Director · since 12 février 2020 · until 14 juin 2025

Ended

Julien NEYTS

Director · since 12 février 2020 · until 14 juin 2025

Ended

Laurent GRAAS

Director · since 12 février 2020 · until 14 juin 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring20/02/2025
DENOMINATION - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring31/10/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Other27/02/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates23/05/2022
DENOMINATION - ASSEMBLEE GENERALE
PDF
Mandates25/03/2022
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates25/03/2020
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Restructuring23/03/2020
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates06/03/2020
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20251,3 M €↓
2025
Name changeJ+M
2024
Annual accounts 20241,3 M €↑
2023
Annual accounts 202327,2 k €↑
2022
Annual accounts 2022-34,5 k €↓
2022
Name changeMajérus
2019
Annual accounts 201918,5 k €↑
2018
Annual accounts 2018-5,4 k €↓
2017
Annual accounts 201774 k €↑
2016
Annual accounts 2016-56,7 k €↑
2015
Annual accounts 2015-98,3 k €↓
2014
Annual accounts 201464,7 k €↑
2013
Annual accounts 201354,4 k €↓
2012
Annual accounts 201274,6 k €↑
2011
Annual accounts 201118,1 k €↓
2010
Annual accounts 201041,9 k €↓
2009
Annual accounts 200972,8 k €↓
2008
Annual accounts 2008256 k €↓
2007
Annual accounts 2007278,1 k €↑
2006
Annual accounts 2006202 k €
2006
Name changeAteliers J.P. Majerus et fils - J.P. Majerus en zonen Werkhuizen
01/07/1969
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

J+M

Overview

What does J+M do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline