J-19
ActiveSummary
J-19 is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€110,149) and a net result of -€526,513. Equity is shrinking by ~14% per year across the filed fiscal years. Its solvency ranks better than 5% of 8102 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8102 sector peers (2025).
NBB · sector comparisonPosition among 8102 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
24 d late
2024
22 d late
2023
2 d early
2022
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 11 August (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€110,149
2024 · €416,364
Net result
-€526,513
2024 · €52,206
Total assets
€123,777▼ 81.7%
2024 · €676,709
Solvency
-89.0%▼ 150.5pp
2024 · 61.5%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€207,636-€73,671▼ 64.5%€74,532▲ 1.2%€70,889▼ 4.9%
Net result€259,642above the sector's middle half-€47,016within the sector's middle half▼ 81.9%€52,206within the sector's middle half▲ 11.0%-€526,513below the sector's middle half
Equity€317,142within the sector's middle half-€364,158within the sector's middle half▲ 14.8%€416,364above the sector's middle half▲ 14.3%-€110,149below the sector's middle half
Total assets€700,572within the sector's middle half-€662,033within the sector's middle half▼ 5.5%€676,709within the sector's middle half▲ 2.2%€123,777below the sector's middle half▼ 81.7%
Debt€383,430-€297,875▼ 22.3%€260,345▼ 12.6%€233,926▼ 10.1%
Working capital€6,131within the sector's middle half--€2,809within the sector's middle half-€3,441within the sector's middle half▼ 22.5%€4,038within the sector's middle half
Solvency45.3%within the sector's middle half-55.0%within the sector's middle half▲ 9.7pp61.5%within the sector's middle half▲ 6.5pp-89.0%below the sector's middle half▼ 150.5pp
Current ratio1.06within the sector's middle half-0.96within the sector's middle half▼ 0.100.96within the sector's middle half=1.04within the sector's middle half▲ 0.08
Return on assets (ROA)37.1%above the sector's middle half-7.1%within the sector's middle half▼ 30.0pp7.7%within the sector's middle half▲ 0.6pp-425.4%below the sector's middle half▼ 433.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Net result -82% on 2022. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123,677
Fixed assets
€5,637 ▼ 99.1%
Current assets
€118,041 ▲ 44.0%
Key figures and ratios
Debt ≤ 1 year
€114,003▲
2024 · €85,431
Debt > 1 year
€119,923▼
2024 · €174,913
Income taxes
€1,915▼
2024 · €17,481
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,377 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,769 | €1,769 | €1,698 | €2,443 | ▲ 43.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €10,000 | - |
| Other operating charges640/8 | €1,063 | €1,088 | €1,385 | €730 | ▼ 47.3% |
| Gross operating margin9900 | €210,468 | €76,529 | €77,615 | €84,061 | ▲ 8.3% |
| Operating profit (loss)9901 | €207,636 | €73,671 | €74,532 | €70,889 | ▼ 4.9% |
| Financial income75/76B | €115,000 | €180 | €400 | €480 | ▲ 20.0% |
| Recurring financial income75 | €115,000 | €180 | €400 | €480 | ▲ 20.0% |
| Financial charges65/66B | €13,011 | €5,842 | €5,245 | €595,968 | ▲ 11,262% |
| Recurring financial charges65 | €13,011 | €5,842 | €5,245 | €595,968 | ▲ 11,262% |
| Profit (loss) for the period before taxes9903 | €309,625 | €68,010 | €69,687 | -€524,599 | ▼ 853% |
| Income taxes67/77 | €49,983 | €20,994 | €17,481 | €1,915 | ▼ 89.0% |
| Profit (loss) for the period9904 | €259,642 | €47,016 | €52,206 | -€526,513 | ▼ 1,109% |
| Profit (loss) for the period to be appropriated9905 | €259,642 | €47,016 | €52,206 | -€526,513 | ▼ 1,109% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €700,572 | €662,033 | €676,709 | €123,777 | ▼ 81.7% |
| Formation expenses20 | €1,712 | €1,174 | €637 | €100 | ▼ 84.3% |
| Fixed assets21/28 | €592,594 | €595,242 | €594,081 | €5,637 | ▼ 99.1% |
| Tangible fixed assets22/27 | €1,705 | €3,953 | €2,792 | €5,637 | ▲ 102% |
| Furniture and vehicles24 | €1,705 | €3,953 | €2,792 | €5,637 | ▲ 102% |
| Financial fixed assets28 | €590,889 | €591,289 | €591,289 | - | - |
| Current assets29/58 | €106,266 | €65,617 | €81,990 | €118,041 | ▲ 44.0% |
| Amounts receivable within one year40/41 | €56,023 | €22,234 | €36,353 | €94,016 | ▲ 159% |
| Trade receivables40 | €56,023 | €15,408 | €31,362 | €68,926 | ▲ 120% |
| Other amounts receivable41 | - | €6,825 | €4,991 | €25,090 | ▲ 403% |
| Current investments50/53 | - | €20,500 | €20,500 | €20,500 | = |
| Cash at bank and in hand54/58 | €50,243 | €22,883 | €24,362 | €3,409 | ▼ 86.0% |
| Deferred charges and accrued income490/1 | - | - | €776 | €116 | ▼ 85.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €700,572 | €662,033 | €676,709 | €123,777 | ▼ 81.7% |
| Equity10/15 | €317,142 | €364,158 | €416,364 | -€110,149 | ▼ 126% |
| Contributions10/11 | €57,500 | €57,500 | €57,500 | €57,500 | = |
| Reserves13 | €259,642 | €306,658 | €358,864 | - | - |
| Distributable reserves133 | €259,642 | €306,658 | €358,864 | - | - |
| Profit (loss) carried forward14 | - | - | - | -€167,649 | - |
| Amounts payable17/49 | €383,430 | €297,875 | €260,345 | €233,926 | ▼ 10.1% |
| Amounts payable after more than one year17 | €282,418 | €229,074 | €174,913 | €119,923 | ▼ 31.4% |
| Financial debts170/4 | €282,418 | €229,074 | €174,913 | €119,923 | ▼ 31.4% |
| Amounts payable within one year42/48 | €100,135 | €68,426 | €85,431 | €114,003 | ▲ 33.4% |
| Current portion of amounts payable after more than one year42 | €56,881 | €57,752 | €58,637 | €59,535 | ▲ 1.5% |
| Trade debts44 | €2,415 | €2,156 | €1,594 | €48,815 | ▲ 2,962% |
| Suppliers440/4 | €2,415 | €2,156 | €1,594 | €48,815 | ▲ 2,962% |
| Taxes, remuneration and social security45 | €32,233 | €8,518 | €25,200 | €5,653 | ▼ 77.6% |
| Taxes450/3 | €32,233 | €8,518 | €25,200 | €5,653 | ▼ 77.6% |
| Other amounts payable47/48 | €8,607 | - | - | - | - |
| Accrued charges and deferred income492/3 | €877 | €375 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €259,642 | €47,016 | €52,206 | -€526,513 | ▼ 1,109% |
| + Depreciation and write-downs630 | €1,769 | €1,769 | €1,698 | €2,443 | ▲ 43.8% |
| Operating cash flow (approximation) | €261,412 | €48,785 | €53,904 | -€524,070 | ▼ 1,072% |
| Investment in fixed assets (approximation) | - | -€4,417 | -€537 | €586,002 | ▲ 109,176% |
| Change in cash | - | -€27,360 | €1,478 | -€20,953 | ▼ 1,517% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet -€526,513
Net result drops to -€526,513, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Schoten · 1 establishment unit since 2021
Ground area
2,534 m²
Building footprint
179 m²
Volume, LiDAR
1,172 m³
Parcel 11040D0132/00A004, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
J-19
since 20212.315.451.960
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0132/00A004 | Flanders | 2,534 m² | 1 · 179 m² | 9.3 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
-
50%
According to the 2025 annual accounts of J-19 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.
Similar companies · same sector, comparable size
NIVANCO
BE 0719.352.988
Kortrijk · Eq €416,388
RANA Management & Consulting
BE 0785.698.911
Zonhoven · Eq €416,219
Add Blue Capital Services
BE 0784.343.978
Oostkamp · Eq €416,605
LiKaCon
BE 1008.583.432
Tielt · Eq €416,673
MG RESIDENTIAL
BE 0670.679.180
Gent · Eq €416,722
Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 13,732 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0765230030
Also
9925:BE0765230030
Registered
15-03-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.