J.C.
ActiveSummary
J.C. has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.08M and a net result of €-105k. Equity is growing by ~33.2% per year across the filed fiscal years. Its solvency ranks better than 33% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▼-1
Solvency45▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.08 in 2024; short-term debt: 60% and cash: 0.8% of total assets), and 79.7% 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
20.3%
Return on assets
-2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-105k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 10 filingsDeviation from the deadline
2025
30 d late
2024
26 d late
2023
42 d late
2022
25 d late
2021
19 d late
2020
30 d late
2019
61 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-105k▼ 72.5%
2024 · €-61k
Working capital
€-3.00M▼ 25.3%
2024 · €-2.39M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€113k▼ 7.4%€123k▲ 8.4%€150k▲ 22.5%€130k▼ 13.7%€119k▼ 8.5%
Net result€94k▼ 7.2%€106k▲ 12.0%€91k▼ 14.1%€-61k€-105k▼ 72.5%
Equity€361k▲ 35.4%€467k▲ 29.2%€651k▲ 39.3%€1.19M▲ 82.3%€1.08M▼ 9.1%
Total assets€2.34M▼ 1.0%€2.34M=€4.12M▲ 75.8%€4.76M▲ 15.4%€5.31M▲ 11.5%
Debt€1.98M▼ 5.7%€1.88M▼ 5.3%€3.47M▲ 84.9%€3.57M▲ 2.9%€4.23M▲ 18.4%
Working capital€-611k▲ 3.4%€-605k▲ 0.9%€-1.60M▼ 165%€-2.39M▼ 49.5%€-3.00M▼ 25.3%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.31M
Fixed assets
€5.12M ▲ 12.6%
Current assets
€185k ▼ 12.4%
Equity and liabilities €5.31M
Equity
€1.08M ▼ 9.1%
Debt
€4.23M ▲ 18.4%
Debt's share of the balance-sheet total rises from 75.1% to 79.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€225k▲
2024 · €210k
Cash flow
€1k▼
2024 · €19k
Current ratio
0.06▼
2024 · 0.08
Debt to equity
3.92▲
2024 · 3.01
ROE
-9.7%▼
2024 · -5.1%
ROA
-2.0%▼
2024 · -1.3%
Interest coverage
0.99▼
2024 · 1.05
Debt ≤ 1 year
€3.18M▲
2024 · €2.60M
Debt > 1 year
€767k▼
2024 · €881k
Income taxes
€0▲
2024 · €-5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63k | €64k | €66k | €80k | €106k | ▲ 32.3% |
| Other operating charges640/8 | €45k | €46k | €51k | €6k | €6k | ▲ 6.4% |
| Gross operating margin9900 | €221k | €233k | €266k | €216k | €231k | ▲ 7.1% |
| Operating profit (loss)9901 | €113k | €123k | €150k | €130k | €119k | ▼ 8.5% |
| Financial income75/76B | - | €205 | €19k | €4k | €4k | ▼ 12.8% |
| Recurring financial income75 | - | €205 | €19k | €4k | €4k | ▼ 12.8% |
| Financial charges65/66B | €19k | €17k | €59k | €200k | €227k | ▲ 13.7% |
| Recurring financial charges65 | €19k | €17k | €59k | €200k | €227k | ▲ 13.7% |
| Profit (loss) for the period before taxes9903 | €94k | €106k | €110k | €-66k | €-105k | ▼ 59.1% |
| Income taxes67/77 | - | - | €19k | €-5k | €0 | ▲ 100% |
| Profit (loss) for the period9904 | €94k | €106k | €91k | €-61k | €-105k | ▼ 72.5% |
| Profit (loss) for the period to be appropriated9905 | €94k | €106k | €91k | €-61k | €-105k | ▼ 72.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.34M | €2.34M | €4.12M | €4.76M | €5.31M | ▲ 11.5% |
| Fixed assets21/28 | €2.27M | €2.23M | €3.27M | €4.55M | €5.12M | ▲ 12.6% |
| Tangible fixed assets22/27 | €1.84M | €1.80M | €2.84M | €3.62M | €4.11M | ▲ 13.7% |
| Land and buildings22 | €1.83M | €1.77M | €2.81M | €3.60M | €4.09M | ▲ 13.8% |
| Plant, machinery and equipment23 | €3k | €25k | €27k | €19k | €19k | ▼ 2.1% |
| Financial fixed assets28 | €434k | €434k | €434k | €929k | €1.01M | ▲ 8.6% |
| Current assets29/58 | €73k | €111k | €848k | €211k | €185k | ▼ 12.4% |
| Amounts receivable within one year40/41 | €62k | €62k | €295k | €144k | €120k | ▼ 16.6% |
| Trade receivables40 | €2k | €2k | €3k | €0 | - | - |
| Other amounts receivable41 | €60k | €60k | €292k | €144k | €120k | ▼ 16.6% |
| Cash at bank and in hand54/58 | €11k | €48k | €532k | €66k | €43k | ▼ 35.7% |
| Deferred charges and accrued income490/1 | €690 | €881 | €21k | €953 | €22k | ▲ 2,240% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.34M | €2.34M | €4.12M | €4.76M | €5.31M | ▲ 11.5% |
| Equity10/15 | €361k | €467k | €651k | €1.19M | €1.08M | ▼ 9.1% |
| Contributions10/11 | €62k | €62k | €62k | €662k | €662k | = |
| Capital10 | €62k | €62k | €62k | €662k | €662k | = |
| Issued capital100 | €62k | €62k | €62k | €662k | €662k | = |
| Reserves13 | €300k | €406k | €497k | €436k | €331k | ▼ 24.1% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €294k | €400k | €490k | €430k | €325k | ▼ 24.4% |
| Investment grants15 | - | - | €93k | €89k | €85k | ▼ 4.2% |
| Amounts payable17/49 | €1.98M | €1.88M | €3.47M | €3.57M | €4.23M | ▲ 18.4% |
| Amounts payable after more than one year17 | €1.30M | €1.16M | €1.02M | €881k | €767k | ▼ 12.9% |
| Financial debts170/4 | €1.30M | €1.16M | €1.02M | €881k | €767k | ▼ 12.9% |
| Amounts payable within one year42/48 | €684k | €716k | €2.45M | €2.60M | €3.18M | ▲ 22.3% |
| Current portion of amounts payable after more than one year42 | €136k | €137k | €139k | €141k | €124k | ▼ 11.9% |
| Trade debts44 | €2k | €3k | €3k | €185k | €8k | ▼ 95.5% |
| Suppliers440/4 | €2k | €3k | €3k | €185k | €8k | ▼ 95.5% |
| Taxes, remuneration and social security45 | - | - | €19k | €0 | - | - |
| Taxes450/3 | - | - | €19k | €0 | - | - |
| Other amounts payable47/48 | €546k | €575k | €2.29M | €2.28M | €3.05M | ▲ 33.9% |
| Accrued charges and deferred income492/3 | - | - | - | €85k | €277k | ▲ 225% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €94k | €106k | €91k | €-61k | €-105k | ▼ 72.5% |
| + Depreciation and write-downs630 | €63k | €64k | €66k | €80k | €106k | ▲ 32.3% |
| Operating cash flow (approximation) | €157k | €169k | €157k | €19k | €1k | ▼ 94.1% |
| Investment in fixed assets (approximation) | - | €-27k | €-1.11M | €-1.35M | €-681k | ▲ 49.6% |
| Change in cash | - | €37k | €484k | €-466k | €-24k | ▲ 94.9% |
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
09-09
State Gazette act
Reappointments: Mathieu Castelein (director) and Pierre Castelein (director)Power of attorney7 facts ▸
State Gazette act
Reappointments: Mathieu Castelein (director) and Pierre Castelein (director)
Power of attorney7 facts ▸
- General meeting, 03-09-2026
- Director reappointment, Mathieu Castelein (director)
- Director reappointment, Pierre Castelein (director)
- Director reappointment, Mathieu Castelein (director)
- Director reappointment, Pierre Castelein (director)
- Other statement, ensemble des actes, décisions et opérations accomplis par les administrateurs entre la date d'expiration de leur mandat et la date de la présente décision, rati…
- Power of attorney, NV TITECA
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 30 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
31-12
Financial
Equity above €1MEq €1.19M ▲82.3%
Equity rises from €651k to €1.19M.
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 42 days late
2023
31-12
Financial
Equity above €500kEq €651k ▲39.3%
4 profitable years in a row build equity to €651k.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 25 days late
2022
31-12
Financial
Highest result since 2018net €106k ▲12%
Net result €106k, the highest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Back to profitnet €102k
Net result €102k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €267k ▲61.6%
Equity rises from €165k to €267k.
Show earlier events
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
31-12
Financial
Weakest financial yearnet €-121k
Net result drops to €-121k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors
Mathieu Castelein
CurrentDirector
Pierre Castelein
CurrentDirector
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Mouscron · 1 establishment unit since 1987
Ground area
801 m²
Building footprint
231 m²
Parcel 54007B1257/00G002, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Royennestraat 53, 7700 Mouscron
since 19872.030.949.178
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54007B1257/00G002 | Wallonia | 800 m² | 1 · 231 m² | - |
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
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
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Linked via shared directors
via Pierre Castelein · Director
former→
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 4,071 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
Founded16-10-1987
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.