Summary
J2M is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €361k and a net result of €35k. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 30% of 5547 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
5 d late
2022
4 d early
2021
6 d early
2020
35 d early
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€361k▼ 25.8%
2024 · €487k
Net result
€35k▲ 266%
2024 · €10k
Total assets
€1.22M▼ 10.7%
2024 · €1.36M
Solvency
29.7%▼ 6.1pp
2024 · 35.8%
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
Line20212022202320242025
Operating result€-17k€-35k▼ 104%€126k€-23k€-43k▼ 92.6%
Net result€-16k=€-36k▼ 119%€80k€10k▼ 88.0%€35k▲ 266%
Equity€434k▼ 3.6%€398k▼ 8.3%€478k▲ 20.1%€487k▲ 2.0%€361k▼ 25.8%
Total assets€948k▼ 5.4%€1.03M▲ 8.8%€1.13M▲ 9.6%€1.36M▲ 20.4%€1.22M▼ 10.7%
Debt€515k▼ 6.8%€634k▲ 23.2%€611k▼ 3.6%€833k▲ 36.4%€815k▼ 2.2%
Working capital€205k▲ 2.8%€161k▼ 21.5%€406k▲ 153%€370k▼ 8.8%€-494k
Solvency45.7%▲ 0.8pp38.6%▼ 7.2pp42.2%▲ 3.7pp35.8%▼ 6.5pp29.7%▼ 6.1pp
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €43k in 2025 against €23k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.22M
Fixed assets
€975k ▲ 3.5%
Current assets
€242k ▼ 42.4%
Equity and liabilities €1.22M
Equity
€361k ▼ 25.8%
Provisions
€40k ▼ 3.3%
Debt
€815k ▼ 2.2%
Debt's share of the balance-sheet total rises from 61.2% to 67.0%. Equity and debt are lower.
Key figures and ratios
ROE
9.7%▲
2024 · 2.0%
ROA
2.9%▲
2024 · 0.7%
Debt ≤ 1 year
€736k▲
2024 · €49k
Debt > 1 year
€77k▼
2024 · €782k
Income taxes
€-78▼
2024 · €-52
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €172k | €0 | €5k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €35k | €32k | €44k | €57k | ▲ 29.0% |
| Other operating charges640/8 | - | €3k | €8k | €5k | €6k | ▲ 11.7% |
| Non-recurring operating charges66A | - | €0 | - | - | €269 | - |
| Gross operating margin9900 | €6k | €2k | €167k | €26k | €19k | ▼ 27.6% |
| Operating profit (loss)9901 | €-17k | €-35k | €126k | €-23k | €-43k | ▼ 92.6% |
| Financial income75/76B | - | €2k | €745 | €50k | €86k | ▲ 72.9% |
| Recurring financial income75 | €2k | €2k | €745 | €50k | €86k | ▲ 72.9% |
| Financial charges65/66B | - | €2k | €5k | €19k | €9k | ▼ 50.4% |
| Recurring financial charges65 | €1k | €2k | €5k | €19k | €9k | ▼ 50.4% |
| Profit (loss) for the period before taxes9903 | €-16k | €-36k | €123k | €9k | €34k | ▲ 287% |
| Transfer from deferred taxes780 | - | - | €4 | €849 | €1k | ▲ 64.2% |
| Transfer to deferred taxes680 | - | - | €43k | €0 | - | - |
| Income taxes67/77 | €0 | - | - | €-52 | €-78 | ▼ 49.4% |
| Profit (loss) for the period9904 | €-16k | €-36k | €80k | €10k | €35k | ▲ 266% |
| Transfer from tax-exempt reserves789 | - | - | €11 | €3k | €4k | ▲ 64.2% |
| Transfer to tax-exempt reserves689 | - | - | €128k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €-16k | €-36k | €-48k | €12k | €39k | ▲ 224% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €948k | €1.03M | €1.13M | €1.36M | €1.22M | ▼ 10.7% |
| Fixed assets21/28 | €733k | €855k | €708k | €942k | €975k | ▲ 3.5% |
| Intangible fixed assets21 | - | - | €72k | €55k | €38k | ▼ 30.8% |
| Tangible fixed assets22/27 | €331k | €452k | €450k | €887k | €937k | ▲ 5.6% |
| Land and buildings22 | - | €451k | €449k | €887k | €930k | ▲ 4.8% |
| Furniture and vehicles24 | - | €1k | €698 | €160 | €7k | ▲ 4,359% |
| Financial fixed assets28 | €402k | €402k | €186k | €0 | - | - |
| Current assets29/58 | €215k | €177k | €423k | €420k | €242k | ▼ 42.4% |
| Amounts receivable within one year40/41 | €2k | €2k | €7k | €12k | €11k | ▼ 12.4% |
| Trade receivables40 | - | €1k | €7k | €11k | €10k | ▼ 9.2% |
| Other amounts receivable41 | - | €552 | €60 | €1k | €515 | ▼ 48.7% |
| Current investments50/53 | €122k | €122k | €397k | €337k | €208k | ▼ 38.3% |
| Cash at bank and in hand54/58 | €91k | €53k | €16k | €69k | €21k | ▼ 69.4% |
| Deferred charges and accrued income490/1 | - | €676 | €3k | €2k | €2k | ▲ 5.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €948k | €1.03M | €1.13M | €1.36M | €1.22M | ▼ 10.7% |
| Equity10/15 | €434k | €398k | €478k | €487k | €361k | ▼ 25.8% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €415k | €379k | €459k | €469k | €342k | ▼ 27.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €3k | €131k | €128k | €124k | ▼ 3.3% |
| Distributable reserves133 | - | €374k | €327k | €339k | €216k | ▼ 36.1% |
| Profit (loss) carried forward14 | - | - | - | - | €517 | - |
| Provisions and deferred taxes16 | - | - | €43k | €42k | €40k | ▼ 3.3% |
| Deferred taxes168 | - | - | €43k | €42k | €40k | ▼ 3.3% |
| Amounts payable17/49 | €515k | €634k | €611k | €833k | €815k | ▼ 2.2% |
| Amounts payable after more than one year17 | €504k | €618k | €593k | €782k | €77k | ▼ 90.1% |
| Financial debts170/4 | - | €117k | €104k | €91k | €77k | ▼ 14.7% |
| Other amounts payable178/9 | - | €501k | €490k | €691k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €10k | €16k | €17k | €49k | €736k | ▲ 1,393% |
| Current portion of amounts payable after more than one year42 | - | €13k | €13k | €13k | €13k | ▲ 1.2% |
| Trade debts44 | €2k | €3k | €2k | €33k | €4k | ▼ 88.8% |
| Suppliers440/4 | - | €3k | €2k | €33k | €4k | ▼ 88.8% |
| Taxes, remuneration and social security45 | - | €438 | €2k | €3k | €1k | ▼ 67.5% |
| Taxes450/3 | - | €438 | €2k | €3k | €1k | ▼ 67.5% |
| Other amounts payable47/48 | - | - | - | - | €718k | - |
| Accrued charges and deferred income492/3 | - | - | €800 | €2k | €2k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-16k | €-36k | €80k | €10k | €35k | ▲ 266% |
| + Depreciation and write-downs630 | €20k | €35k | €32k | €44k | €57k | ▲ 29.0% |
| Operating cash flow (approximation) | €3k | €-761 | €112k | €53k | €92k | ▲ 71.5% |
| Investment in fixed assets (approximation) | - | €-157k | €114k | €-278k | €-89k | ▲ 67.8% |
| Change in cash | - | €-38k | €-37k | €53k | €-48k | ▼ 190% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 5 days late
2023
30-06
Financial
Back to profitnet €80k
Net result €80k after 3 loss-making years.
30-06
Financial
Liquidity doublescurrent ratio 25.44
Current ratio from 10.84 to 25.44.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Liquidity quadruplescurrent ratio 20.64
Current ratio from 4.86 to 20.64; short-term debt falls from €52k to €10k.
2020
27-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Liquidity doublescurrent ratio 4.86
Current ratio from 2.34 to 4.86; short-term debt falls from €59k to €52k.
17-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
14-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
05-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Ronse · 1 establishment unit since 2003
Ground area
419 m²
Building footprint
123 m²
Volume, LiDAR
762 m³
Parcel 45422C0180/00P007, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
J2M BVBA
since 20032.133.367.421
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422C0180/00P007 | Flanders | 419 m² | 1 · 123 m² | 10.7 m · 2 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.
Similar companies · same sector, comparable size
Miles
BE 0640.785.760
Gistel · Eq €361,353
VOID
BE 0842.013.547
Gent · Eq €361,579
D & I PROJECTS
BE 0820.963.755
Izegem · Eq €361,242
PETNET
BE 0848.102.177
Gent · Eq €361,144
Kelba
BE 0447.429.227
Herk-de-Stad · Eq €361,697
Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 13,784 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 (pre-2019)
Founded24-09-2003
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.