Checked.be
Active
BE 0451.404.544Public limited company
J.P.E.S.
Martelarenplein 7 ·3000 Leuven, Belgium· 32 yrs active
Sector: Renting and operating of own or leased residential real estate, excluding social housing
(68201)
Conclusion
J.P.E.S. has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €649k and a net result of €70k. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 4440 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €649k |
| Net result | €70k |
| Better than sector | 95% |
| Active | 32 yrs |
Financial profile
85
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
54
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1993, 32 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
93
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€60k
estimate, not credit advice
Score history
43
2021
96
2022
93
2023
68
2024
93
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 59.57 (≥ 1.5)
+10
Quick ratio
Quick ratio 59.57 (≥ 1.0)
+5
Leverage
Debt/equity 0.01 (< 1.0)
+10
Profitability
ROE 11% (≥ 10%)
+10
Interest coverage
Interest coverage 202.3× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 03-07-2026 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~26.7%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 98.9% | 38.4% | |
| Net result | €70k | €23k | |
| Equity | €649k | €918k | |
| Gross operating margin | €123k | €157k | |
| Employees (FTE) | 0.0 | 1.0 |
€119k
-62.5%
21-25
€70k
-67.8%
21-25
€106k
-58.0%
21-25
€657k
+13.3%
21-25
€649k
+12.0%
21-25
€421k
+546.4%
21-25
0
-
21-25
€23k
-68.1%
21-25
€7k
+2794.8%
21-25
€7k
+2794.8%
21-25
€25k
0.0%
21-25
59.57
-77.4%
21-25
59.57
-77.4%
21-25
98.9%
-1.1%
21-25
0.01
+1517.6%
21-25
10.7%
-71.3%
21-25
10.6%
-71.6%
21-25
202.32
+55.4%
21-25
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | full schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | -62.5% | +219.3% | -22.7% | +186.6% | - |
| Net profit | -67.8% | +360.5% | -21.1% | - | - |
| Cash flow | -58.0% | +205.5% | -22.5% | +164.5% | - |
| Staff costs | - | - | - | - | - |
| Income taxes | -68.1% | +363.5% | -18.0% | - | - |
| Dividends | - | - | - | - | - |
| Total assets | +13.3% | +59.6% | -8.3% | -0.7% | - |
| Equity | +12.0% | +59.7% | +14.9% | +23.3% | - |
| Debt | - | - | -99.7% | -43.8% | - |
| of which ≤ 1y | - | - | -99.5% | -53.5% | - |
| of which > 1y | - | - | - | 0.0% | - |
| Working capital | - | - | +759.3% | - | - |
| Employees (FTE) | - | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (full schema, abbreviated schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 59.57 | - | 263.33 | 1.14 | 0.15 |
| Quick ratio | 59.57 | - | 263.33 | 1.14 | 0.15 |
| Working capital ratio | 64.1% | - | 17.9% | 1.9% | -25.1% |
| Solvency | 98.9% | 100.0% | 99.9% | 79.7% | 64.2% |
| Debt / equity | 0.01 | - | 0.00 | 0.25 | 0.56 |
| Long-term debt ratio | - | - | - | 0.08 | 0.10 |
| Interest coverage | 202.32 | - | 130.18 | 52.51 | 9.72 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 10.6% | 37.4% | 13.0% | 15.1% | -1.7% |
| ROE | 10.7% | 37.4% | 13.0% | 18.9% | -2.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €657k | €580k | €363k | €396k | €399k |
| Fixed assets | 21/28 | €229k | €265k | €298k | €334k | €381k |
| Intangible fixed assets | 21 | - | - | - | - | €6k |
| Tangible fixed assets | 22/27 | €221k | €258k | €290k | €326k | €367k |
| Financial fixed assets | 28 | €8k | €8k | €8k | €8k | €8k |
| Current assets | 29/58 | €428k | €314k | €65k | €63k | €18k |
| Amounts receivable within one year | 40/41 | €411k | €300k | €62k | €10k | €13k |
| Cash & bank | 54/58 | €3k | €14k | €3k | €45k | €5k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €657k | €580k | €363k | €396k | €399k |
| Equity | 10/15 | €649k | €580k | €363k | €316k | €256k |
| Contributions / capital | 10/11 | €135k | €135k | €135k | €135k | €135k |
| Reserves | 13 | €514k | €445k | €228k | €181k | €121k |
| Amounts payable | 17/49 | €7k | - | €248 | €80k | €143k |
| Amounts payable after one year | 17 | - | - | - | €25k | €25k |
| Amounts payable within one year | 42/48 | €7k | - | €248 | €55k | €118k |
| Trade debts payable within one year | 44 | €563 | - | €248 | €341 | €67 |
| Income statement | ||||||
| Gross operating margin | 9900 | €123k | €320k | €101k | €130k | €46k |
| Operating result | 9901 | €82k | €281k | €64k | €81k | €-2k |
| Financial income | 75 | €11k | €9k | - | - | - |
| Financial charges | 65 | €589 | - | €764 | €2k | €5k |
| Result before taxes | 9903 | €93k | €290k | €63k | €79k | €-7k |
| Income taxes | 67/77 | €23k | €73k | €16k | €19k | €-167 |
| Net result for the period | 9904 | €70k | €217k | €47k | €60k | €-7k |
| Result to be appropriated | 9905 | €70k | €217k | €47k | €60k | €-7k |
Legal Structure
| NACE primary | Renting and operating of own or leased residential real estate, excluding social housing(68201) |
| Legal form | Public limited company(014) |
| Incorporation | 19-11-1993 |
| Status | Active |
| Postal code | 3000 |
Establishment units
Martelarenplein 7, 3000 Leuven
since 19942.065.593.917
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502B0137/00Y002 | Flanders | 241 m² | 1 · 241 m² | 23.0 m · 6 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €217k ▲361%
Operating result €281k, net result €217k, both a record.
31-12
Financial
Equity above €500kEq €580k ▲59.7%
3 profitable years in a row build equity to €580k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 231current ratio 263.33
Current ratio from 1.14 to 263.33; short-term debt falls from €55k to €248.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
20-06
State Gazette act
Registered-office change
Guy JANSEN
2022
31-12
Financial
Back to profitnet €60k
Net result €60k after one loss-making year.
31-12
Financial
Liquidity times 7current ratio 1.14
Current ratio from 0.15 to 1.14; short-term debt falls from €118k to €55k.
20-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 20 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Address history · 1
20-06-2023
Registered-office move
All acts · 1
updated 3 years ago
2023
20-06-2023 Registered office moved
Notary:
Guy JANSEN · LeuvenFirm:
JANSEN, WALLAYS & DE MEUTTER
Technical details
{
"events": [],
"notary": {
"name": "Guy JANSEN",
"firm_city": null,
"firm_name": "JANSEN, WALLAYS \u0026 DE MEUTTER",
"office_city": "Leuven",
"is_associated": true
},
"act_meta": {
"language": "nl",
"pub_date": "2023-06-20",
"filing_date": "2023-06-16",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2023-06-14",
"unanimous": true
},
"subject_company": {
"kbo": "0451.404.544",
"name_full": "J.P.E.S.",
"legal_form": "Naamloze vennootschap"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Guy JANSEN",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"uitgifte van de akte",
"geco\u00F6rdineerde versie van de statuten"
]
}Credit advice
Company registry (CBE)
Activities
Renting and operating of own or leased residential real estate, excluding social housing6820155401Cafés and bars56301Renting and operating of own or leased non-residential real estate, excluding land68203Renting and leasing of cars and light motor vehicles77110
Names & trade names
| Legal nameNL | J.P.E.S. |
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