J.S.
ActiveSummary
J.S. has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76,216 and a net result of €9,657. Equity is growing by ~41.9% per year across the filed fiscal years. Its solvency ranks better than 71% of 262 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-13
Solvency91▲+20
Growth76=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.52 against 1.54 in 2024; short-term debt: 34.4% and cash: 63.1% of total assets), and 34.4% of the assets are financed with debt.
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Signals
Five 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 61
Relative position
BE, all sectors
reference
Telecommunications (NACE 61)
about 159% more 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
65.6%
Return on assets
8.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
61 d late
2023
30 d late
2022
21 d late
2021
23 d late
2020
31 d late
2019
110 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 44 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€243,992▲ 117%
2020 · €112,678
EBIT margin
5.5%▲ 4.8pp
2020 · 0.7%
Net result
€9,657▼ 63.8%
2024 · €26,693
Working capital
€60,785▲ 43.9%
2024 · €42,248
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 61, Telecommunications, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€243,992
Operating result€10,580▲ 1,257%€12,798▲ 21.0%€13,324▲ 4.1%€37,557▲ 182%€17,538▼ 53.3%
Net result€10,434within the sector's middle half▲ 1,401%€7,152within the sector's middle half▼ 31.5%€9,812within the sector's middle half▲ 37.2%€26,693within the sector's middle half▲ 172%€9,657within the sector's middle half▼ 63.8%
EBIT margin5.5%
Equity€22,903within the sector's middle half▲ 83.7%€30,055within the sector's middle half▲ 31.2%€39,867within the sector's middle half▲ 32.6%€66,559within the sector's middle half▲ 67.0%€76,216within the sector's middle half▲ 14.5%
Total assets€60,120within the sector's middle half▼ 19.9%€87,325within the sector's middle half▲ 45.3%€124,358within the sector's middle half▲ 42.4%€145,246within the sector's middle half▲ 16.8%€116,201within the sector's middle half▼ 20.0%
Debt€37,217▼ 40.5%€57,271▲ 53.9%€84,491▲ 47.5%€78,686▼ 6.9%€39,985▼ 49.2%
Working capital€8,551within the sector's middle half€19,475within the sector's middle half▲ 128%€32,887within the sector's middle half▲ 68.9%€42,248within the sector's middle half▲ 28.5%€60,785within the sector's middle half▲ 43.9%
Solvency38.1%within the sector's middle half▲ 21.5pp34.4%within the sector's middle half▼ 3.7pp32.1%within the sector's middle half▼ 2.4pp45.8%within the sector's middle half▲ 13.8pp65.6%within the sector's middle half▲ 19.8pp
Current ratio1.23within the sector's middle half▲ 0.331.34within the sector's middle half▲ 0.111.39within the sector's middle half▲ 0.051.54within the sector's middle half▲ 0.152.52within the sector's middle half▲ 0.98
Return on assets (ROA)17.4%within the sector's middle half▲ 16.4pp8.2%within the sector's middle half▼ 9.2pp7.9%within the sector's middle half▼ 0.3pp18.4%within the sector's middle half▲ 10.5pp8.3%within the sector's middle half▼ 10.1pp
Staff (FTE)1
above
within
below
the middle half (P25 to P75) of NACE 61, Telecommunications, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116,201
Fixed assets
€15,431 ▼ 36.5%
Current assets
€100,771 ▼ 16.7%
Equity and liabilities €116,201
Equity
€76,216 ▲ 14.5%
Debt
€39,985 ▼ 49.2%
Debt's share of the balance-sheet total falls from 54.2% to 34.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26,419▼
2024 · €42,225
Cash flow
€18,537▼
2024 · €31,361
Quick ratio
2.32▲
2024 · 1.47
Debt to equity
0.52▼
2024 · 1.18
ROE
12.7%▼
2024 · 40.1%
Interest coverage
106.19▼
2024 · 240.58
Debt ≤ 1 year
€39,985▼
2024 · €78,686
Income taxes
€7,640▼
2024 · €10,689
Staff costs
€3,281▲
2024 · €1,110
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,370 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €243,992 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €220,443 | - | - | - |
| Remuneration, social security and pensions62 | €2,939 | €205 | €1,223 | €1,110 | €3,281 | ▲ 196% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,331 | €3,772 | €3,600 | €4,668 | €8,881 | ▲ 90.2% |
| Other operating charges640/8 | €4,014 | €5,321 | €5,402 | €6,612 | €8,469 | ▲ 28.1% |
| Gross operating margin9900 | €21,863 | €22,096 | €23,549 | €49,946 | €38,169 | ▼ 23.6% |
| Operating profit (loss)9901 | €10,580 | €12,798 | €13,324 | €37,557 | €17,538 | ▼ 53.3% |
| Financial income75/76B | - | - | - | - | €8 | - |
| Recurring financial income75 | - | - | - | - | €8 | - |
| Financial charges65/66B | €146 | €160 | €175 | €176 | €249 | ▲ 41.7% |
| Recurring financial charges65 | €146 | €160 | €175 | €176 | €249 | ▲ 41.7% |
| Profit (loss) for the period before taxes9903 | €10,434 | €12,637 | €13,149 | €37,381 | €17,297 | ▼ 53.7% |
| Income taxes67/77 | - | €5,485 | €3,337 | €10,689 | €7,640 | ▼ 28.5% |
| Profit (loss) for the period9904 | €10,434 | €7,152 | €9,812 | €26,693 | €9,657 | ▼ 63.8% |
| Profit (loss) for the period to be appropriated9905 | €10,434 | €7,152 | €9,812 | €26,693 | €9,657 | ▼ 63.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60,120 | €87,325 | €124,358 | €145,246 | €116,201 | ▼ 20.0% |
| Fixed assets21/28 | €14,352 | €10,580 | €6,980 | €24,312 | €15,431 | ▼ 36.5% |
| Tangible fixed assets22/27 | €8,921 | €5,148 | €1,548 | €18,880 | €9,999 | ▼ 47.0% |
| Furniture and vehicles24 | €7,200 | €3,600 | - | €17,332 | €9,999 | ▼ 42.3% |
| Other tangible fixed assets26 | €1,721 | €1,548 | €1,548 | €1,548 | €0 | ▼ 100% |
| Financial fixed assets28 | €5,431 | €5,431 | €5,431 | €5,431 | €5,431 | = |
| Current assets29/58 | €45,768 | €76,746 | €117,379 | €120,934 | €100,771 | ▼ 16.7% |
| Stocks and contracts in progress3 | €5,200 | €12,425 | €8,185 | €5,495 | €8,010 | ▲ 45.8% |
| Stocks30/36 | €5,200 | €12,425 | €8,185 | €5,495 | €8,010 | ▲ 45.8% |
| Amounts receivable within one year40/41 | €10,362 | €4,798 | €23,703 | €32,166 | €16,023 | ▼ 50.2% |
| Trade receivables40 | €8,611 | €3,084 | €20,722 | €25,462 | €6,328 | ▼ 75.1% |
| Other amounts receivable41 | €1,751 | €1,714 | €2,981 | €6,703 | €9,695 | ▲ 44.6% |
| Cash at bank and in hand54/58 | €30,206 | €59,523 | €85,329 | €83,112 | €73,369 | ▼ 11.7% |
| Deferred charges and accrued income490/1 | - | - | €162 | €162 | €3,369 | ▲ 1,979% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60,120 | €87,325 | €124,358 | €145,246 | €116,201 | ▼ 20.0% |
| Equity10/15 | €22,903 | €30,055 | €39,867 | €66,559 | €76,216 | ▲ 14.5% |
| Contributions10/11 | €16,050 | €16,050 | €16,050 | €16,050 | €16,050 | = |
| Capital10 | €16,050 | €16,050 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €2,550 | €2,550 | - | - | - | - |
| Profit (loss) carried forward14 | €6,853 | €14,005 | €23,817 | €50,509 | €60,166 | ▲ 19.1% |
| Amounts payable17/49 | €37,217 | €57,271 | €84,491 | €78,686 | €39,985 | ▼ 49.2% |
| Amounts payable within one year42/48 | €37,217 | €57,271 | €84,491 | €78,686 | €39,985 | ▼ 49.2% |
| Trade debts44 | €23,631 | €25,410 | €45,161 | €36,209 | €11,601 | ▼ 68.0% |
| Suppliers440/4 | €23,631 | €25,410 | €45,161 | €36,209 | €11,601 | ▼ 68.0% |
| Taxes, remuneration and social security45 | €9,945 | €24,938 | €32,434 | €35,619 | €21,938 | ▼ 38.4% |
| Taxes450/3 | €1,031 | €6,034 | €6,575 | €11,023 | €17,574 | ▲ 59.4% |
| Remuneration and social security454/9 | €8,915 | €18,904 | €25,859 | €24,596 | €4,364 | ▼ 82.3% |
| Other amounts payable47/48 | €3,641 | €6,922 | €6,896 | €6,858 | €6,446 | ▼ 6.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,434 | €7,152 | €9,812 | €26,693 | €9,657 | ▼ 63.8% |
| + Depreciation and write-downs630 | €4,331 | €3,772 | €3,600 | €4,668 | €8,881 | ▲ 90.2% |
| Operating cash flow (approximation) | €14,765 | €10,924 | €13,412 | €31,361 | €18,537 | ▼ 40.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€22,000 | €0 | ▲ 100% |
| Change in cash | - | €29,316 | €25,806 | -€2,217 | -€9,742 | ▼ 339% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
10-06
State Gazette act
Resignation: SHAHID AYUB Muhammad (director)Share transfer4 facts ▸
State Gazette act
Resignation: SHAHID AYUB Muhammad (director)
Share transfer4 facts ▸
- General meeting, 31-03-2026
- Share transfer, SHAHID AYUB Muhammad → PACHA JAVED
- Other statement, associé actif, démission du poste d'associé actif
- Director resignation, SHAHID AYUB Muhammad (director)
23-03
State Gazette act
Appointment: SHAHID AYUB Muhammad (director)2 facts ▸
State Gazette act
Appointment: SHAHID AYUB Muhammad (director)
2 facts ▸
- General meeting, 02/02/2026
- Director appointment, SHAHID AYUB Muhammad (director)
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €26,693 ▲172%
Operating result €37,557, net result €26,693, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €695 ▼87%
Net result drops to €695, the lowest in the series; recovery starts the following year.
18-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 110 days late
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 43 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
02-03
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 214 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
5 of this company's 7 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, Liège · 1 establishment unit since 2004
Ground area
79 m²
Building footprint
44 m²
Volume, LiDAR
496 m³
Parcel 62805B0467/00K002, Wallonia · tallest building 13.5 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CITYPHONE
since 20042.139.125.558
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62805B0467/00K002 | Wallonia | 79 m² | 1 · 44 m² | 13.5 m · 4 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.
Mandate history
1 person since 2026, 0 in office
- Board
| Name | Functions and periods |
|---|---|
| SHAHID AYUB Muhammad |
|
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Shareholders according to the acts
Share transfer
act of 10-06-2026 ↗
- SHAHID AYUB Muhammad to PACHA JAVED 10 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 2,157 companies in sector 61200 we hold annual accounts for 696. 462 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
Founded11-08-2004
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
61200Telecommunications resale and intermediation services
Contact
E-mail
cityphoneliege@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0866737362
Registered
02-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.