Checked.be
Active
BE 0877.823.472Private limited company
J & SP
Sint-Agatha-Berchemselaan 5 ·1081 Koekelberg, Belgium· 20 yrs active
Sector: Employment placement agencies
(78100)
Conclusion
J & SP has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €-17k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 89% of 757 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €25k |
| Net result | €-17k |
| Better than sector | 89% |
| Active | 20 yrs |
Financial profile
59
/ 100
Mixed profile: strong on solvency, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
62
Profitability
0
Solvency
100
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2005, 20 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
62
/ 100
Healthy
Computed from 4 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
€2k
estimate, not credit advice
Score history
85
2021
85
2022
62
2023
70
2024
62
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 8.50 (≥ 1.5)
+10
Quick ratio
Quick ratio 8.50 (≥ 1.0)
+5
Leverage
Debt/equity 0.13 (< 1.0)
+10
Profitability
Negatieve ROE -70%
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±1.9%/year).
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 78, Employment activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 88.2% | 47.8% | |
| Net result | €-17k | €15k | |
| Equity | €25k | €57k | |
| Gross operating margin | €-17k | €44k | |
| Total assets | €28k | €137k |
€-17k
-8860.2%
21-25
€28k
-38.1%
21-25
€25k
-41.3%
21-25
€25k
-41.3%
21-25
€386
-84.2%
21-25
€3k
+3.3%
21-25
€3k
+3.3%
21-25
8.50
-40.1%
21-25
8.50
-40.1%
21-25
88.2%
-5.1%
21-25
0.13
+75.8%
21-25
-70.3%
-15155.2%
21-25
-62.0%
-14381.1%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | - | - | - | - | - |
| Net profit | €-17k | €-194 | €-1k | €4k | €13k |
| Cash flow | - | - | - | - | - |
| Staff costs | - | - | - | - | - |
| Income taxes | €386 | €2k | €5k | €2k | €50 |
| Dividends | - | - | - | - | - |
| Total assets | €28k | €45k | €47k | €53k | €48k |
| Equity | €25k | €42k | €42k | €43k | €39k |
| Debt | €3k | €3k | €5k | €10k | €9k |
| of which ≤ 1y | €3k | €3k | €5k | €10k | €9k |
| of which > 1y | - | - | - | - | - |
| Working capital | €25k | €42k | €42k | €43k | €39k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 8.50 | 14.19 | 10.29 | 5.48 | 5.43 |
| Quick ratio | 8.50 | 14.19 | 10.29 | 5.48 | 5.43 |
| Working capital ratio | 88.2% | 93.0% | 90.3% | 81.8% | 81.6% |
| Solvency | 88.2% | 93.0% | 90.3% | 81.8% | 81.6% |
| Debt / equity | 0.13 | 0.08 | 0.11 | 0.22 | 0.23 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | - | - | - | - | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -62.0% | -0.4% | -2.2% | 8.2% | 26.9% |
| ROE | -70.3% | -0.5% | -2.5% | 10.1% | 33.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (19 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 | €28k | €45k | €47k | €53k | €48k |
| Current assets | 29/58 | €28k | €45k | €47k | €53k | €48k |
| Amounts receivable within one year | 40/41 | €28k | €44k | €46k | €51k | €45k |
| Cash & bank | 54/58 | €44 | €1k | €134 | €2k | €3k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €28k | €45k | €47k | €53k | €48k |
| Equity | 10/15 | €25k | €42k | €42k | €43k | €39k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Accumulated profits (losses) | 14 | €6k | €24k | €24k | €25k | €20k |
| Amounts payable | 17/49 | €3k | €3k | €5k | €10k | €9k |
| Amounts payable within one year | 42/48 | €3k | €3k | €5k | €10k | €9k |
| Trade debts payable within one year | 44 | €1k | €0 | €847 | €8k | €7k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-17k | €3k | €4k | €7k | €13k |
| Operating result | 9901 | €-17k | €2k | €4k | €7k | €13k |
| Financial income | 75 | - | - | €2 | - | - |
| Financial charges | 65 | €353 | €95 | €144 | €661 | €215 |
| Result before taxes | 9903 | €-17k | €2k | €4k | €7k | €13k |
| Income taxes | 67/77 | €386 | €2k | €5k | €2k | €50 |
| Net result for the period | 9904 | €-17k | €-194 | €-1k | €4k | €13k |
| Result to be appropriated | 9905 | €-17k | €-194 | €-1k | €4k | €13k |
Legal Structure
| NACE primary | Employment placement agencies(78100) |
| Legal form | Private limited company(610) |
| Incorporation | 09-12-2005 |
| Status | Active |
| Postal code | 1081 |
Establishment units
J & SP
since 20062.152.018.145
Real-estate footprint
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21011A0042/00K002 | Brussels | 116 m² | 1 · 87 m² | 17.8 m · 5 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.
Updates
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
20-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 20 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 145 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Employment placement agencies78100
Names & trade names
| Legal nameFR | J & SP |
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