B.J.
ActiveSummary
B.J. has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €565,460 and a net result of €75,681. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 55% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▲+10
Solvency69▲+3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 1.75 against 0.32 in 2024; short-term debt: 13.8% and cash: 0.7% of total assets), but 55.6% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.4%
Return on assets
5.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €565,460
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
53 d late
2023
29 d early
2022
30 d late
2021
5 d early
2020
144 d early
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€75,681
2024 · -€22,669
Working capital
€130,855
2024 · -€177,683
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€23,135-€24,035▼ 3.9%-€88,658▼ 269%-€13,201▲ 85.1%€456
Net result-€29,141below the sector's middle half-€21,245within the sector's middle half▲ 27.1%-€89,387below the sector's middle half▼ 321%-€22,669within the sector's middle half▲ 74.6%€75,681within the sector's middle half
Equity€623,079within the sector's middle half▼ 4.5%€601,834within the sector's middle half▼ 3.4%€512,447within the sector's middle half▼ 14.9%€489,779within the sector's middle half▼ 4.4%€565,460within the sector's middle half▲ 15.5%
Total assets€1.5mwithin the sector's middle half▲ 16.5%€1.4mwithin the sector's middle half▼ 6.5%€1.2mwithin the sector's middle half▼ 12.2%€1.2mwithin the sector's middle half▼ 3.5%€1.3mwithin the sector's middle half▲ 5.9%
Debt€897,350▲ 37.5%€819,237▼ 8.7%€734,692▼ 10.3%€713,508▼ 2.9%€709,075▼ 0.6%
Working capital€266,444within the sector's middle half▼ 23.8%€170,790within the sector's middle half▼ 35.9%-€92,814within the sector's middle half-€177,683within the sector's middle half▼ 91.4%€130,855within the sector's middle half
Solvency41.0%within the sector's middle half▼ 9.0pp42.4%within the sector's middle half▲ 1.4pp41.1%within the sector's middle half▼ 1.3pp40.7%within the sector's middle half▼ 0.4pp44.4%within the sector's middle half▲ 3.7pp
Current ratio3.32within the sector's middle half▼ 0.132.36within the sector's middle half▼ 0.960.58within the sector's middle half▼ 1.780.32below the sector's middle half▼ 0.261.75within the sector's middle half▲ 1.42
Return on assets (ROA)-1.9%below the sector's middle half▼ 2.5pp-1.5%below the sector's middle half▲ 0.4pp-7.2%below the sector's middle half▼ 5.7pp-1.9%within the sector's middle half▲ 5.3pp5.9%above the sector's middle half▲ 7.8pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €456 after a loss of €13,201 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€968,156 ▼ 13.4%
Current assets
€306,379 ▲ 260%
Equity and liabilities €1.3m
Equity
€565,460 ▲ 15.5%
Debt
€709,075 ▼ 0.6%
Debt's share of the balance-sheet total falls from 59.3% to 55.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21,579▲
2024 · €12,125
Cash flow
€96,805▲
2024 · €2,657
Debt to equity
1.25▼
2024 · 1.46
ROE
13.4%▲
2024 · -4.6%
Interest coverage
1.35▲
2024 · 1.27
Debt ≤ 1 year
€175,524▼
2024 · €262,696
Debt > 1 year
€533,551▲
2024 · €450,813
Income taxes
€7,508▲
2024 · €40
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,129 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,246 | €21,323 | €23,323 | €25,326 | €21,124 | ▼ 16.6% |
| Other operating charges640/8 | €3,969 | €4,241 | €4,377 | €7,203 | €4,112 | ▼ 42.9% |
| Gross operating margin9900 | €4,080 | €1,529 | -€60,957 | €19,328 | €25,691 | ▲ 32.9% |
| Operating profit (loss)9901 | -€23,135 | -€24,035 | -€88,658 | -€13,201 | €456 | ▲ 103% |
| Financial income75/76B | €3,502 | €14,210 | €9,167 | €132 | €98,720 | ▲ 74,813% |
| Recurring financial income75 | €3,502 | €14,210 | €9,167 | €132 | €599 | ▲ 354% |
| Non-recurring financial income76B | - | - | - | - | €98,122 | - |
| Financial charges65/66B | €9,469 | €11,420 | €9,896 | €9,560 | €15,987 | ▲ 67.2% |
| Recurring financial charges65 | €9,469 | €11,420 | €9,896 | €9,560 | €15,987 | ▲ 67.2% |
| Profit (loss) for the period before taxes9903 | -€29,102 | -€21,245 | -€89,387 | -€22,629 | €83,189 | ▲ 468% |
| Income taxes67/77 | €39 | - | - | €40 | €7,508 | ▲ 18,894% |
| Profit (loss) for the period9904 | -€29,141 | -€21,245 | -€89,387 | -€22,669 | €75,681 | ▲ 434% |
| Profit (loss) for the period to be appropriated9905 | -€29,141 | -€21,245 | -€89,387 | -€22,669 | €75,681 | ▲ 434% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.4m | €1.2m | €1.2m | €1.3m | ▲ 5.9% |
| Fixed assets21/28 | €1.1m | €1.1m | €1.1m | €1.1m | €968,156 | ▼ 13.4% |
| Tangible fixed assets22/27 | €598,475 | €583,897 | €577,508 | €577,397 | €427,278 | ▼ 26.0% |
| Land and buildings22 | €598,475 | €583,897 | €577,508 | €577,397 | €427,278 | ▼ 26.0% |
| Financial fixed assets28 | €540,878 | €540,878 | €540,878 | €540,878 | €540,878 | = |
| Current assets29/58 | €381,076 | €296,296 | €128,753 | €85,012 | €306,379 | ▲ 260% |
| Amounts receivable after more than one year29 | €320,000 | €250,000 | €90,000 | - | - | - |
| Other amounts receivable291 | €320,000 | €250,000 | €90,000 | - | - | - |
| Amounts receivable within one year40/41 | €10,819 | €37,411 | €15,679 | - | €7,193 | - |
| Trade receivables40 | - | €382 | - | - | €7,193 | - |
| Other amounts receivable41 | €10,819 | €37,029 | €15,679 | - | - | - |
| Current investments50/53 | - | - | - | - | €290,117 | - |
| Cash at bank and in hand54/58 | €49,067 | €8,885 | €20,264 | €85,012 | €9,069 | ▼ 89.3% |
| Deferred charges and accrued income490/1 | €1,190 | - | €2,810 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.2m | €1.2m | €1.3m | ▲ 5.9% |
| Equity10/15 | €623,079 | €601,834 | €512,447 | €489,779 | €565,460 | ▲ 15.5% |
| Contributions10/11 | €310,000 | €310,000 | €310,000 | €310,000 | €310,000 | = |
| Capital10 | €310,000 | €310,000 | €310,000 | €310,000 | €310,000 | = |
| Issued capital100 | €310,000 | €310,000 | €310,000 | €310,000 | €310,000 | = |
| Reserves13 | €31,000 | €31,000 | €31,000 | €31,000 | €106,681 | ▲ 244% |
| Non-distributable reserves130/1 | €31,000 | €31,000 | €31,000 | €31,000 | €31,000 | = |
| Legal reserve130 | €31,000 | €31,000 | €31,000 | €31,000 | €31,000 | = |
| Distributable reserves133 | - | - | - | - | €75,681 | - |
| Profit (loss) carried forward14 | €282,079 | €260,834 | €171,447 | €148,779 | €148,779 | = |
| Amounts payable17/49 | €897,350 | €819,237 | €734,692 | €713,508 | €709,075 | ▼ 0.6% |
| Amounts payable after more than one year17 | €782,718 | €693,731 | €513,125 | €450,813 | €533,551 | ▲ 18.4% |
| Financial debts170/4 | €602,718 | €513,731 | €423,125 | €330,813 | €143,551 | ▼ 56.6% |
| Other amounts payable178/9 | €180,000 | €180,000 | €90,000 | €120,000 | €390,000 | ▲ 225% |
| Amounts payable within one year42/48 | €114,632 | €125,506 | €221,567 | €262,696 | €175,524 | ▼ 33.2% |
| Current portion of amounts payable after more than one year42 | €87,382 | €88,987 | €90,606 | €92,312 | €81,437 | ▼ 11.8% |
| Trade debts44 | €4,066 | €10,327 | €103,673 | €4,993 | €6,240 | ▲ 25.0% |
| Suppliers440/4 | €4,066 | €10,327 | €103,673 | €4,993 | €6,240 | ▲ 25.0% |
| Taxes, remuneration and social security45 | €8,920 | €6,358 | €7,972 | €5,941 | €12,137 | ▲ 104% |
| Taxes450/3 | €8,920 | €6,358 | €7,972 | €5,941 | €12,137 | ▲ 104% |
| Other amounts payable47/48 | €14,264 | €19,834 | €19,316 | €159,449 | €75,710 | ▼ 52.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,141 | -€21,245 | -€89,387 | -€22,669 | €75,681 | ▲ 434% |
| + Depreciation and write-downs630 | €23,246 | €21,323 | €23,323 | €25,326 | €21,124 | ▼ 16.6% |
| Operating cash flow (approximation) | -€5,895 | €79 | -€66,064 | €2,657 | €96,805 | ▲ 3,544% |
| Investment in fixed assets (approximation) | - | -€6,745 | -€16,934 | -€25,214 | €128,995 | ▲ 612% |
| Change in cash | - | -€40,182 | €11,379 | €64,748 | -€75,943 | ▼ 217% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €75,681
Net result €75,681 after 4 loss-making years.
31-12
Financial
Liquidity times 5current ratio 1.75
Current ratio from 0.32 to 1.75; short-term debt falls from €262,696 to €175,524.
31-12
Financial
Equity above €500,000Eq €565,460 ▲15.5%
Equity rises from €489,779 to €565,460.
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 53 days late
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€89,387
Net result drops to -€89,387, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Verviers · 1 establishment unit since 1999
Ground area
2,548 m²
Building footprint
1,549 m²
Volume, LiDAR
8,342 m³
Parcel 63572C0042/00B005, Wallonia · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rue de l' Est 17, 4800 Verviers
since 19992.057.425.626
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63572C0042/00B005 | Wallonia | 2,548 m² | 1 · 1,549 m² | 12.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
- LUBRI GROUPsubsidiarySourceown accounts 202599.6%
According to the 2025 annual accounts of B.J. and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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MATTHYS
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WAPIRIS
BE 0771.312.425
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ZYKIMMO
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. 5,019 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-04-1992
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68202Real estate activities
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447168911
Also
9925:BE0447168911
Registered
03-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.