Equity
€79,725 ▲ 5.6%
J-Square Development has made a profit without a break since 2023.
J-Square Development
Overview
Lifetime
5 annual accounts with figures on one time axispeak €44,951 (2021)
€10,224▼ 72.9%
lowest -€5,473 (2022)
€4,213▼ 84.3%
peak €79,725 (2025)
€79,725▲ 5.6%
€524,172▲ 7.6%
Board3 names since 2020
3 directors and 2 others
Documentsfilings and deeds
30-01-20261 day before the deadline
2025micro format
Gross margin from €37,781 to €10,224Result from €26,866 to €4,213Cash from €8,437 to €112
Key points
from the 2025 annual accountsTurnover
≈ €39,000 estimated
The micro format states no turnover.
Debts
€524,172 87% of the balance sheet
Financial debts 84%Suppliers 1%Taxes and wages 1%Other 14%
Of this, €81,561 falls due within a year.
Liquidity
7.40 was 12.57 in 2024
Short-term debts rose from €44,724 to €81,561.
Filings
5 annual accounts since 2021
The last five annual accounts were filed 0 to 3 days before the end of the period.
Starting capital
€3,000 300 shares
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,371 companies had the same profile as J-Square Development has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
1.4%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,371 companies, not a prediction for J-Square Development. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director, since 18-08-2020
Director, since 18-08-2020
Director, since 18-08-2020
- 100 sharesdeed of 20-08-2020
- 100 sharesdeed of 20-08-2020
- 100 sharesdeed of 20-08-2020
Recent changes
Registered office moved within Lokeren
New registered office: Lenenstraat 6, 9160 Lokeren · Previous registered office: Sinaaistraat 60, 9160 Lokeren · Board meeting of 22-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0752687534
Environmental permit granted
Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging · Lede
Environmental permit granted
Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden · Hamme
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| J-Square Development Lokeren | €603,897 | €10,224 | 13.2% | - |
| WAREM Kapellen | €501,149 | €11,452 | -23.5% | - |
| Invest & Immo VDV Sint-Gillis-Waas | €469,449 | €16,920 | 90.9% | - |
| REROVERT Sint-Martens-Latem | €545,929 | €6,064 | -14.5% | - |
| MAVEKO Lierde | €649,374 | €22,443 | 68.2% | - |
| Idea-X Ypres | €748,780 | €11,559 | -4.4% | - |
| ATA PROJECTS Leopoldsburg | €511,831 | €8,421 | 30.2% | - |
These companies have the same main activity as J-Square Development: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €469,000 and €749,000, founded between 2019 and 2022.
Official details
Source: KBO- Status
- Active since 18-08-2020Normal situation
- Activity
- Buying and selling of own real estateNACE 68110and 1 other
- Establishment unit
- 2.306.906.3599160 Lokeren, since 18-08-2020
- Financial year end
- 30 June
- Peppol
- Reachable since 12-01-2026
Annual accounts to 30-06-2025
- €10,224▼ 72.9%
- €4,213▼ 84.3%
- €79,725▲ 5.6%
- €603,897▲ 7.3%
- Employeeson 30-06-2025
- 0
- Filing
- Filed on 30-01-2026, 1 day before the end of the filing period
Insights on J-Square Development
J-Square Development files the micro format. That format states no turnover. The gross margin fell from €44,951 in 2021 to €10,224 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-01-2026, 1 day before the deadline€10,224
▼ 72.9%
€8,446
▼ 75.8%
€4,213
▼ 84.3%
€522,203
▲ 0.9%
13.2%
▼ 0.2 percentage points
7.40
▼ 5.17
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €39,000. Estimated: probably between €21,000 and €99,000.
Balance sheet
balance sheet total €603,897 on 30-06-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
13.2%
Higher than 34% of 19,803 companies in 2025.
7.40
Higher than 89% of 18,977 companies in 2025.
0.7%
Higher than 45% of 19,446 companies in 2025.
J-Square Development
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
603,897 | 562,846 | 265,317 | 279,221 | 97,082 | |
21/28 |
133 | 746 | 1,358 | - | - | |
22/27 |
133 | 746 | 1,358 | - | - | |
23 |
133 | 746 | 1,358 | - | - | |
29/58 |
603,764 | 562,100 | 263,959 | 279,221 | 97,082 | |
3 |
595,025 | 548,264 | 235,290 | 235,332 | 79,275 | |
30/36 |
595,025 | 548,264 | 235,290 | 235,332 | 79,275 | |
40/41 |
8,627 | 5,399 | 640 | 137 | 137 | |
40 |
5,921 | 600 | - | - | - | |
41 |
2,706 | 4,800 | 640 | 137 | 137 | |
54/58 |
112 | 8,437 | 28,029 | 43,752 | 17,671 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
603,897 | 562,846 | 265,317 | 279,221 | 97,082 | |
10/15 |
79,725 | 75,512 | 48,646 | 31,339 | 36,812 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
13 |
76,725 | 72,512 | 45,646 | - | - | |
133 |
76,725 | 72,512 | 45,646 | - | - | |
14 |
- | - | - | 28,339 | 33,812 | |
17/49 |
524,172 | 487,334 | 216,671 | 247,882 | 60,270 | |
17 |
442,610 | 442,610 | 187,656 | 213,040 | 25,000 | |
170/4 |
442,610 | 442,610 | 187,656 | 213,040 | 25,000 | |
42/48 |
81,561 | 44,724 | 29,015 | 34,842 | 35,270 | |
44 |
3,433 | 10,308 | 13,022 | 2,760 | 265 | |
440/4 |
3,433 | 10,308 | 13,022 | 2,760 | 265 | |
45 |
3,087 | 1,321 | 4,486 | - | 8,638 | |
450/3 |
3,087 | 1,321 | 4,486 | - | 8,638 | |
47/48 |
75,041 | 33,094 | 11,506 | 32,083 | 26,368 | |
| Income statement | ||||||
9900 |
10,224 | 37,781 | 22,590 | -714 | 44,951 | |
630 |
613 | 613 | 499 | - | - | |
640/8 |
1,165 | 2,217 | 575 | 682 | 348 | |
9901 |
8,446 | 34,951 | 21,516 | -1,396 | 44,604 | |
75/76B |
0 | - | 303 | - | - | |
75 |
0 | - | 303 | - | - | |
65/66B |
1,454 | 1,032 | 1,403 | 4,003 | 2,317 | |
65 |
1,454 | 1,032 | 1,403 | 4,003 | 2,317 | |
9903 |
6,992 | 33,919 | 20,416 | -5,400 | 42,286 | |
67/77 |
2,779 | 7,053 | 3,109 | 74 | 8,475 | |
9904 |
4,213 | 26,866 | 17,307 | -5,473 | 33,812 | |
9905 |
4,213 | 26,866 | 17,307 | -5,473 | 33,812 | |
| Appropriation of the result | ||||||
9906 |
4,213 | 26,866 | 45,646 | 28,339 | 33,812 | |
14P |
- | - | 28,339 | 33,812 | - | |
691/2 |
4,213 | 26,866 | 45,646 | - | - | |
6921 |
4,213 | 26,866 | 45,646 | - | - | |
| Social balance sheet | ||||||
Hours worked1013 |
0 | - | - | - | - | |
| Document | ||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00020975 | |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00021561 | |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00016178 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00012212 | |
| 30-06-2021 | micro format | 28-01-2022 | 2022-02700479 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 9,059 | 35,564 | 22,014 | - | - | ||
| 4,826 | 27,479 | 17,806 | - | - | ||
| 0 | 0 | 1,857 | - | - | ||
| -8,325 | -19,592 | -15,723 | 26,081 | - | ||
| 522,203 | 517,377 | 234,943 | 244,379 | 61,812 | ||
| 13.2% | 13.4% | 18.3% | 11.2% | 37.9% | ||
| 7.40 | 12.57 | 9.10 | 8.01 | 2.75 | ||
| 0.11 | 0.31 | 0.99 | 1.26 | 0.50 | ||
| 6.57 | 6.45 | 4.45 | 7.91 | 1.64 | ||
| 5.3% | 35.6% | 35.6% | -17.5% | 91.9% | ||
| 0.7% | 4.8% | 6.5% | -2.0% | 34.8% | ||
| 6.23 | 34.46 | 15.70 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 30-06-2025 |
|---|---|
| Employees at the balance-sheet date | 0 |
| full-time | 0 |
| part-time | 0 |
Source: social balance sheet in the 2025 annual accounts
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €1,857 | - |
| €613 | €613 | €499 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on J-Square Development
The operating result for 2025 is 76% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total rises from 86.6% to 86.8%. Equity and debt are higher.
Board & ownership
Board
3 directors, since incorporationDirector (not named in the articles)
since 18-08-2020
term without a fixed end
listed in the 2025 annual accounts, filed on 30-01-2026
Director (not named in the articles)
since 18-08-2020
term without a fixed end
listed in the 2025 annual accounts, filed on 30-01-2026
Director (not named in the articles)
since 18-08-2020
term without a fixed end
listed in the 2025 annual accounts, filed on 30-01-2026
Mandates through the years
3 names, the dashed line is todayDirector (not named in the articles)
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
-
- Director (not named in the articles), from 18-08-2020 to date
-
- Director (not named in the articles), from 18-08-2020 to date
-
- Director (not named in the articles), from 18-08-2020 to date
Control
Founders
, ,
This company
J-Square Development
Equity €79,725
Profit €4,213 in 2025
Capital
- Contribution
- €3,000
- Shares
- 300
- Contribution per share
- €10
- Equity per share
- €266 in 2025
- Source
- deed of 20-08-2020
Articles of association
deed of 20-08-2020 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of December at 20:00
Shareholders
At incorporation
deed of 20-08-2020 ↗
- 100 shares (33.3%) · €1,000
- 100 shares (33.3%) · €1,000
- 100 shares (33.3%) · €1,000
Network & group
No group
J-Square Development has no parent and no holdings in its annual accounts.
At the same address
Lenenstraat 6, 9160 Lokeren · 1 other company| SAM.RES
registered office since 17-02-2025 · founded in 2025 |
total assets €35,137 (2025) 1020.044.674 |
Earlier ties
via , no longer at · Director · deed of 30-11-2023 founded in 1976 |
52 FTE (2025) |
via , no longer at · Director · deed of 16-09-2021 founded in 1968 |
total assets €424,598 (2025) |
Connections & network
2 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
via · Director (not named in the articles) · deed of 21-02-2023
Founded in 2023 · total assets €272,975 (2025)
via · Director · deed of 19-02-2025
Founded in 2025 · total assets €35,137 (2025)
Timeline
Timeline
15 events since 2020Filings
Financial
Permits
Establishments
Address
2020202220242026
Deadline for the 2026 accounts: 31-01-2027
2026
Registered office moved within LokerenNew registered office: Lenenstraat 6, 9160 Lokeren · Previous registered office: Sinaaistraat 60, 9160 Lokeren · Board meeting of 22-06-20262 points ▸
- Registered-office move, Lenenstraat 6, 9160 Lokeren
- Board meeting, 22-06-2026
Annual accounts 2025 filed PDFmicro format · 1 day before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0752687534
2025
Annual accounts 2024 filed PDFmicro format · on the deadline day
2024
Environmental permit granted OmgevingsloketGevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging · Lede
Annual accounts 2023 filed PDFmicro format · on the deadline day
2023
Back to profit net €17,307 The net result is €17,307, after one loss-making year.
Annual accounts 2022 filed PDFmicro format · on the deadline day
2022
Weakest financial year net -€5,473 The net result drops to -€5,473, the lowest from 2021 to 2025. It recovers the following year.
Liquidity more than doubled current ratio 8.01 The current ratio rises from 2.75 to 8.01. Short-term debt falls from €35,270 to €34,842.
Annual accounts 2021 filed PDFmicro format · 3 days before the deadline
2021
Environmental permit granted OmgevingsloketVerbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden · Hamme
Environmental permit refused OmgevingsloketVerbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden · Hamme
2020
IncorporationFounding capital of €3,000, 300 shares · Founders: , and · Appointments: , and · published on 20-08-20208 points ▸
- Founder,
- Founder,
- Founder,
- Founding capital, €3,000, 300 shares
- Board rule, 3
- Director appointment, (director (not named in the articles))
- Director appointment, (director (not named in the articles))
- Director appointment, (director (not named in the articles))
- The deed holds 1 more point.
First establishment Lenenstraat 6, Lokeren
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
J-Square Development was incorporated on 18 August 2020 as a private limited company by three natural persons, with a starting capital of €3,000.12 The registered office was moved to Lokeren in 2026.3 The board currently has 3 members, 3 of whom have served since 2020.4 Total assets rose from €97,082 in 2021 to €603,897 in 2025.5
Company details
Identity
- Enterprise number
- 0752.687.534
- VAT number
- BE 0752.687.534
- Peppol ID
- 0208:0752687534
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 18-08-2020
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of December at 20:00deed of 20-08-2020 (in Dutch)
- Peppol
- Reachable since 12-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- J-Square Development in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 20-08-2020 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- J-Square Developmentdeed of 20-08-2020 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Sinaaistraat 60”deed of 20-08-2020 (in Dutch)
Activities
NACEBEL 202568110
Buying and selling of own real estate main activity
Codes under NACEBEL 2008
68100
Real estate activities main activity
68321
Real estate activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en…”deed of 20-08-2020 (in Dutch)
8 activities
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals onder meer erfpacht- en opstalrechten en de huurfinanciering van onroerende goederen aan derden,het aankopen en verkopen zowel in volle eigendom als in vruchtgebruik en/of blote eigendom,ruilen,doen bouwen,doen verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen,de aan- en verkoop,huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit doel in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen
- Het verwerven van participaties in eender welke vorm in alle bestaande of nog op te richten rechtspersonen en vennootschappen,het stimuleren,de planning,de coördinatie van de ontwikkeling en investering in rechtspersonen en ondernemingen waarin zij al dan niet een participatie aanhoudt
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend patrimonium,alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten rechtspersonen en ondernemingen
- Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,onder om het even welke vorm;in dit kader kan zij alle handels- en financiële operaties verrichten
- De Vennootschap mag optreden als bestuurder en/of vereffenaar van andere vennootschappen,en mag zakelijke en niet-zakelijke borgstellingen verrichten voor derden;Zij mag ook leningen toestaan aan vennoten
- De vennootschap zal,zowel in het binnen- als in het buitenland,in het algemeen,alle commerciële,burgerlijke,industriële,financiële,roerende of onroerende handelingen mogen verrichten,in rechtstreeks of onrechtstreeks,geheel of gedeeltelijk verband met haar maatschappelijk doel,of die van aard zouden zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden
- De Vennootschap mag,zowel in het binnen- als buitenland,door middel van inbreng,versmelting,fusie,inschrijving of om het even elke andere wijze deelnemen in alle ondernemingen en vennootschappen,die een gelijkaardig of daarmee rechtstreeks of onrechtstreeks verband houdend doel hebben
- Zij heeft in het algemeen de volle rechtsbekwaamheid om alle handelingen en verrichtingen te voltrekken die een rechtstreeks of onrechtstreeks verband houden met haar maatschappelijk doel of welke van die aard zouden zijn dat zij de verwezenlijking van dit doel,rechtstreeks of onrechtstreeks,geheel of ten dele vergemakkelijken;Zij mag haar onroerende goederen in hypotheek stellen en al haar andere goederen,met inbegrip van het handelsfonds,in pand stellen,zij mag zich borgstellen en aval verlenen voor alle leningen,kredietopeningen en andere verbintenissen zowel voor haarzelf als voor alle derden
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Lenenstraat 6 registered office 9160 Lokeren | 18-08-2020 | 2.306.906.359 |
Buildings and parcels at the address
- Ground area
- 1,066 m²
- Buildings
- 202 m²
- Volume, LiDAR
- 1,110 m³
- Tallest building
- 8.7 m
Buildings to scale, each on its own parcel
Environmental permits
3 applications in Flanders since 2021 · 2 granted · 1 refused| 13-02-2024 | Granted | Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging submitted 06-12-2023 · project 2023162685 | Lede |
| 21-12-2021 | Granted | Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden submitted 11-10-2021 · project 2021154985 | Hamme |
| 21-09-2021 | Refused | Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden submitted 19-07-2021 · project 2021113718 | Hamme |
Source: Omgevingsloket Vlaanderen.
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46382B0266/00T000 | 1,066 m² | 1 · 202 m² | 8.7 m · 2 |
Contact
Phone
+32 475 22 23 22 establishment in Lokeren