Equity
J.C. Forwarding paid out €21,000 in dividends. That is 97% of the 2025 profit.
J.C. Forwarding paid out €21,000 in dividends. That is 97% of the 2025 profit.
The micro format states no turnover.
Green is investment, beige is depreciation.
Short-term debts rose from €30,928 to €42,851.
The 2019 accounts came latest: 159 days after the end of the period.
The dashed line is the sector median: 1.8% across 9,097 companies (NACE 49, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 25% of them on solvency, 57% on liquidity, 94% on profitability and 9% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,713 companies had the same profile as J.C. Forwarding has now. Each dot stands for 17 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of J.C. Forwarding itself: 1.0% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for J.C. Forwarding. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 30 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| J.C. Forwarding Braine-l'Alleud | €49,298 | €35,109 | 13.1% | - |
| AMIAL TRANSPORT Grimbergen | €48,757 | €34,914 | 9.7% | - |
| Roadlink Kapelle-op-den-Bos | €52,660 | €41,237 | 34.5% | - |
| THE WOLF Jette | €50,727 | €27,552 | 61.6% | - |
| RESI TRANS Merelbeke-Melle | €44,140 | €32,121 | 79.6% | - |
| Yanis Transport et Logistique Berchem-Sainte-Agathe | €39,520 | €37,248 | -121.4% | - |
| MCT LOGISTICS Jodoigne | €67,205 | €33,573 | 48.8% | - |
These companies have the same main activity as J.C. Forwarding: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €39,500 and €67,200, founded between 2017 and 2019.
J.C. Forwarding files the micro format. That format states no turnover. The gross margin rose from -€2,459 in 2018 to €35,109 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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