J'M Services

Active

Private limited companyfounded 20197 yrs activeMeensesteenweg(Bis) 385, 8501 Kortrijk, BelgiumKBO/BCE: BE 0727.448.035

The computed 12-month bankruptcy probability of J'M Services is 4.2% (elevated). The 2024 annual accounts show negative equity (€-64k) and a net result of €-3k. Equity is shrinking by ~24.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 5896 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

28 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability59▲+59

Solvency0=

Growth58=

Track record100

Bankruptcy probability, 12 months

4.2% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.37 against 0.3 in 2023; short-term debt: 249.5% and cash: 4.5% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-149.5%

Return on assets

-7.8%

Age of the figures

20 mo

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 81

Relative position

BE, all sectors

reference

Sector 81

higher

← fewer bankruptcies more bankruptcies →

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

2021222324

2020 to 2024 · latest year €-64k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-06-2025, 59 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

59 d early

2023

16 d early

2022

46 d early

2021

12 d early

2020

24 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-64k▼ 5.5%

2023 · €-61k

2020: €5k 2021: €-35k 2022: €-63k 2023: €-61k

2020 → 2024

Total assets

€43k▲ 3.2%

2023 · €41k

2020: €61k 2021: €58k 2022: €48k 2023: €41k

2020 → 2024

Net result

€-3k▲ 87.2%

2023 · €-26k

2020: €-120k 2021: €-40k 2022: €-27k 2023: €-26k

2020 → 2024

Working capital

€-67k▲ 5.1%

2023 · €-71k

2020: €-22k 2021: €-61k 2022: €-84k 2023: €-71k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€5k-€-35k€-63k▼ 77.6%€-61k▲ 3.4%€-64k▼ 5.5%

Operating result€-120k-€-40k▲ 66.9%€-27k▲ 31.0%€-26k▲ 5.5%€-3k▲ 87.2%

Net result€-120k-€-40k▲ 66.8%€-27k▲ 31.5%€-26k▲ 5.6%€-3k▲ 87.2%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €3k in 2024 against €26k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €43k

91.5%

Fixed assets €4k▼ 65.7%

Current assets €39k▲ 26.8%

Key figures and ratios

2024 value · change against 2023

EBITDA

€4k▲

2023 · €-14k

Cash flow

€4k▲

2023 · €-14k

Solvency

-149.5%▼

2023 · -146.2%

Current ratio

0.37▲

2023 · 0.30

Quick ratio

0.37▲

2023 · 0.30

Debt / equity

-1.67▲

2023 · -1.68

ROA

-7.8%▲

2023 · -62.5%

Interest coverage

43.17▲

2023 · -119.48

Debt

€107k▲

2023 · €102k

Debt ≤ 1 year

€107k▲

2023 · €102k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€41k€43k▲

Fixed assets21/28€11k€4k▼

Tangible fixed assets22/27€10k€3k▼

Land and buildings22€1k€1k▼

Plant, machinery and equipment23€2k€2k▼

Furniture and vehicles24€6k€372▼

Financial fixed assets28€500€500=

Current assets29/58€31k€39k▲

Amounts receivable within one year40/41€26k€35k▲

Trade receivables40€21k€27k▲

Other amounts receivable41€5k€7k▲

Cash at bank and in hand54/58€2k€2k▼

Deferred charges and accrued income490/1€3k€3k▼

Equity and liabilities

Total equity and liabilities10/49€41k€43k▲

Equity10/15€-61k€-64k▼

Contributions10/11€153k€153k=

Profit (loss) carried forward14€-214k€-217k▼

Amounts payable17/49€102k€107k▲

Amounts payable within one year42/48€102k€107k▲

Trade debts44€14k€12k▼

Suppliers440/4€14k€12k▼

Other amounts payable47/48€88k€95k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€7k▼

Other operating charges640/8€957€775▼

Gross operating margin9900€-13k€4k▲

Operating profit (loss)9901€-26k€-3k▲

Financial income75/76B€93€90▼

Recurring financial income75€93€90▼

Financial charges65/66B€116€84▼

Recurring financial charges65€116€84▼

Profit (loss) for the period before taxes9903€-26k€-3k▲

Profit (loss) for the period9904€-26k€-3k▲

Profit (loss) for the period to be appropriated9905€-26k€-3k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-214k€-217k▼

Profit (loss) brought forward from the previous period14P€-188k€-214k▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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