J&S
ActiveSummary
J&S has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €45k and a net result of €-7k. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability41▼-16
Solvency56▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.87 against 1.22 in 2023; short-term debt: 36.2% and cash: 11% of total assets), and 69% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
31%
Return on assets
-5%
Age of the figures
21 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-06-2025, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
32 d early
2023
23 d early
2022
12 d late
2021
3 d late
2020
40 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€45k▼ 13.9%
2023 · €53k
Total assets
€146k▼ 12.3%
2023 · €167k
Net result
€-7k
2023 · €217
Working capital
€-7k
2023 · €9k
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
Line20202021202220232024
Operating result€11k▼ 52.0%€4k▼ 60.4%€13k▲ 198%€4k▼ 67.3%€-2k
Net result€7k▼ 59.0%€2k▼ 63.7%€10k▲ 344%€217▼ 97.9%€-7k
Equity€42k▲ 15.2%€43k▲ 3.3%€53k▲ 22.0%€53k=€45k▼ 13.9%
Total assets€65k▲ 20.4%€103k▲ 57.6%€103k▲ 0.2%€167k▲ 61.5%€146k▼ 12.3%
Debt€24k▲ 30.9%€60k▲ 154%€51k▼ 15.5%€114k▲ 126%€101k▼ 11.5%
Working capital€34k▲ 8.6%€22k▼ 35.3%€26k▲ 19.6%€9k▼ 67.2%€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2k after €4k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €146k
Fixed assets
€100k ▼ 15.4%
Current assets
€46k ▼ 4.5%
Equity and liabilities €146k
Equity
€45k ▼ 13.9%
Debt
€101k ▼ 11.5%
Debt's share of the balance-sheet total rises from 68.4% to 69.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€17k▼
2023 · €18k
Cash flow
€12k▼
2023 · €14k
Current ratio
0.87▼
2023 · 1.22
Debt to equity
2.22▲
2023 · 2.16
ROE
-16.2%▼
2023 · 0.4%
ROA
-5.0%▼
2023 · 0.1%
Interest coverage
3.40▼
2023 · 4.55
Debt ≤ 1 year
€53k▲
2023 · €40k
Debt > 1 year
€48k▼
2023 · €73k
Income taxes
€282▼
2023 · €310
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €7k | €11k | €14k | €19k | ▲ 39.4% |
| Other operating charges640/8 | - | €706 | €630 | €1k | €2k | ▲ 108% |
| Non-recurring operating charges66A | - | - | - | €3k | - | - |
| Gross operating margin9900 | €18k | €12k | €25k | €22k | €20k | ▼ 10.0% |
| Operating profit (loss)9901 | €11k | €4k | €13k | €4k | €-2k | ▼ 145% |
| Financial income75/76B | - | - | €18 | €180 | €2 | ▼ 98.8% |
| Recurring financial income75 | €194 | - | €18 | €180 | €2 | ▼ 98.8% |
| Financial charges65/66B | - | €2k | €2k | €4k | €5k | ▲ 27.5% |
| Recurring financial charges65 | €3k | €2k | €2k | €4k | €5k | ▲ 27.5% |
| Profit (loss) for the period before taxes9903 | €8k | €3k | €12k | €527 | €-7k | ▼ 1,437% |
| Income taxes67/77 | €2k | €137 | €1k | €310 | €282 | ▼ 9.2% |
| Profit (loss) for the period9904 | €7k | €2k | €10k | €217 | €-7k | ▼ 3,476% |
| Profit (loss) for the period to be appropriated9905 | €7k | €2k | €10k | €217 | €-7k | ▼ 3,476% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €65k | €103k | €103k | €167k | €146k | ▼ 12.3% |
| Fixed assets21/28 | €12k | €58k | €51k | €118k | €100k | ▼ 15.4% |
| Tangible fixed assets22/27 | €12k | €58k | €51k | €118k | €100k | ▼ 15.4% |
| Plant, machinery and equipment23 | - | €26k | €22k | €69k | €63k | ▼ 8.7% |
| Furniture and vehicles24 | - | €27k | €21k | €43k | €31k | ▼ 26.8% |
| Other tangible fixed assets26 | - | €5k | €8k | €7k | €6k | ▼ 12.4% |
| Current assets29/58 | €53k | €45k | €53k | €48k | €46k | ▼ 4.5% |
| Amounts receivable within one year40/41 | €11k | €19k | €22k | €8k | €29k | ▲ 245% |
| Trade receivables40 | - | €9k | €16k | €2k | €27k | ▲ 1,091% |
| Other amounts receivable41 | - | €10k | €7k | €6k | €2k | ▼ 64.9% |
| Cash at bank and in hand54/58 | €40k | €26k | €28k | €36k | €16k | ▼ 55.4% |
| Deferred charges and accrued income490/1 | - | €474 | €2k | €4k | €1k | ▼ 65.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €65k | €103k | €103k | €167k | €146k | ▼ 12.3% |
| Equity10/15 | €42k | €43k | €53k | €53k | €45k | ▼ 13.9% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €23k | €25k | €34k | €34k | €32k | ▼ 5.5% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €23k | €34k | €34k | €32k | ▼ 5.5% |
| Profit (loss) carried forward14 | €9k | - | - | - | €-5k | - |
| Amounts payable17/49 | €24k | €60k | €51k | €114k | €101k | ▼ 11.5% |
| Amounts payable after more than one year17 | €3k | €33k | €23k | €73k | €48k | ▼ 34.1% |
| Financial debts170/4 | - | €33k | €23k | €73k | €48k | ▼ 34.1% |
| Amounts payable within one year42/48 | €19k | €23k | €26k | €40k | €53k | ▲ 33.3% |
| Current portion of amounts payable after more than one year42 | - | €11k | €10k | €24k | €25k | ▲ 5.0% |
| Trade debts44 | €4k | €3k | €9k | €8k | €21k | ▲ 160% |
| Suppliers440/4 | - | €3k | €9k | €8k | €21k | ▲ 160% |
| Taxes, remuneration and social security45 | - | €8k | €4k | €4k | €7k | ▲ 62.8% |
| Taxes450/3 | - | €4k | €4k | €4k | €4k | ▼ 16.3% |
| Remuneration and social security454/9 | - | €3k | - | - | €3k | - |
| Other amounts payable47/48 | - | €2k | €4k | €4k | €422 | ▼ 89.2% |
| Accrued charges and deferred income492/3 | - | €3k | €668 | €2k | €168 | ▼ 90.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €2k | €10k | €217 | €-7k | ▼ 3,476% |
| + Depreciation and write-downs630 | €5k | €7k | €11k | €14k | €19k | ▲ 39.4% |
| Operating cash flow (approximation) | €12k | €9k | €21k | €14k | €12k | ▼ 14.9% |
| Investment in fixed assets (approximation) | - | €-52k | €-4k | €-82k | €-1k | ▲ 98.8% |
| Change in cash | - | €-14k | €3k | €8k | €-20k | ▼ 362% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 12 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Kortrijk · 1 establishment unit since 2014
Ground area
960 m²
Building footprint
504 m²
Volume, LiDAR
2,006 m³
Parcel 34354C0428/00X000, Flanders · tallest building 8.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
J & S Bvba
since 20142.233.609.694
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354C0428/00X000 | Flanders | 960 m² | 1 · 504 m² | 8.8 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 597 EUR awarded · 468 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 258 EUR | 129 EUR |
| 2024 | 1 | 125 EUR | 125 EUR |
| 2023 | 1 | 214 EUR | 214 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 8,568 companies in sector 43410 we hold annual accounts for 4,363. 3,640 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
Founded09-07-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43320Joinery installation
43421
Scores and ratios are computed by Checked and are not a credit decision.