JACO
ActiveSummary
JACO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €53,186. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 73% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+2
Solvency86▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 2.64 against 3.25 in 2024; short-term debt: 7.1% and cash: 3% of total assets), and 38.8% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
61.2%
Return on assets
2.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
129 d early
2023
50 d early
2022
on the day
2021
48 d early
2020
27 d early
2019
10 d early
← 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 41 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#9 company by equity in Alken, Real estate sector
Equity
€1.3m▼ 2.0%
2024 · €1.4m
Total assets
€2.2m▼ 4.5%
2024 · €2.3m
Net result
€53,186▲ 123%
2024 · €23,885
Working capital
€251,716▼ 13.6%
2024 · €291,407
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€556,239-€29,205-€285,407▼ 877%€37,256€61,536▲ 65.2%
Net result€521,639-€51,199-€280,240▼ 447%€23,885€53,186▲ 123%
Equity€1.7m▲ 44.4%€1.6m▼ 3.0%€1.4m▼ 17.0%€1.4m▼ 1.2%€1.3m▼ 2.0%
Total assets€3.2m▲ 38.6%€3.1m▼ 4.1%€2.3m▼ 24.3%€2.3m▼ 2.3%€2.2m▼ 4.5%
Debt€1.4m▲ 34.9%€1.4m▼ 5.2%€953,181▼ 30.0%€914,847▼ 4.0%€839,833▼ 8.2%
Working capital-€375,781▲ 49.0%-€378,718▼ 0.8%€305,499€291,407▼ 4.6%€251,716▼ 13.6%
Staff (FTE)1.2▼ 81.5%000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2023 Net result -447% on 2022. Cause not known from the registers.
- 2021 Staff (FTE) -82% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 65% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€1.8m ▼ 4.7%
Current assets
€405,470 ▼ 3.6%
Equity and liabilities €2.2m
Equity
€1.3m ▼ 2.0%
Debt
€839,833 ▼ 8.2%
Debt's share of the balance-sheet total falls from 40.4% to 38.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€160,264▲
2024 · €104,329
Cash flow
€151,914▲
2024 · €90,957
Current ratio
2.64▼
2024 · 3.25
Debt to equity
0.63▼
2024 · 0.68
ROE
4.0%▲
2024 · 1.8%
ROA
2.5%▲
2024 · 1.1%
Interest coverage
6.99▲
2024 · 6.53
Debt ≤ 1 year
€153,755▲
2024 · €129,397
Debt > 1 year
€664,611▼
2024 · €765,672
Income taxes
€276▼
2024 · €788
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 14,684 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | €8,937 | €13,514 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €122,984 | €120,187 | €69,276 | €67,072 | €98,728 | ▲ 47.2% |
| Other operating charges640/8 | - | €16,836 | €80,895 | €25,091 | €43,344 | ▲ 72.7% |
| Non-recurring operating charges66A | - | €0 | €266,976 | €0 | - | - |
| Gross operating margin9900 | €756,018 | €107,818 | €131,740 | €129,420 | €203,608 | ▲ 57.3% |
| Operating profit (loss)9901 | €556,239 | -€29,205 | -€285,407 | €37,256 | €61,536 | ▲ 65.2% |
| Financial income75/76B | - | €0 | €1 | €3,396 | €14,850 | ▲ 337% |
| Recurring financial income75 | €7 | €0 | €1 | €3,396 | €14,850 | ▲ 337% |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €25,352 | €49,661 | €15,980 | €22,925 | ▲ 43.5% |
| Recurring financial charges65 | €31,099 | €25,352 | €49,661 | €15,980 | €22,925 | ▲ 43.5% |
| Profit (loss) for the period before taxes9903 | €527,324 | -€54,557 | -€335,067 | €24,673 | €53,462 | ▲ 117% |
| Transfer from deferred taxes780 | - | €3,508 | €54,993 | €0 | - | - |
| Income taxes67/77 | €9,194 | €150 | €166 | €788 | €276 | ▼ 65.0% |
| Profit (loss) for the period9904 | €521,639 | -€51,199 | -€280,240 | €23,885 | €53,186 | ▲ 123% |
| Transfer from tax-exempt reserves789 | - | €5,265 | €122,285 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €526,903 | -€45,934 | -€157,955 | €23,885 | €53,186 | ▲ 123% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.2m | €3.1m | €2.3m | €2.3m | €2.2m | ▼ 4.5% |
| Fixed assets21/28 | €3.1m | €3.0m | €1.9m | €1.8m | €1.8m | ▼ 4.7% |
| Tangible fixed assets22/27 | €3.1m | €3.0m | €1.9m | €1.8m | €1.8m | ▼ 4.7% |
| Land and buildings22 | - | €3.0m | €1.9m | €1.8m | €1.7m | ▼ 5.3% |
| Plant, machinery and equipment23 | - | €4,856 | €0 | €1,602 | €8,391 | ▲ 424% |
| Furniture and vehicles24 | - | €1,508 | €1,232 | €567 | €1,000 | ▲ 76.2% |
| Other tangible fixed assets26 | - | - | - | - | €3,184 | - |
| Current assets29/58 | €83,012 | €68,032 | €409,876 | €420,804 | €405,470 | ▼ 3.6% |
| Amounts receivable after more than one year29 | - | - | - | €330,000 | €330,000 | = |
| Other amounts receivable291 | - | - | - | €330,000 | €330,000 | = |
| Stocks and contracts in progress3 | €10,755 | €8,181 | €0 | - | - | - |
| Stocks30/36 | - | €8,181 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €9,540 | €204 | €8,240 | €1,111 | €4,885 | ▲ 340% |
| Trade receivables40 | - | €0 | €8,240 | €0 | €4,885 | - |
| Other amounts receivable41 | - | €204 | €0 | €1,111 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €60,527 | €56,207 | €401,349 | €80,185 | €65,810 | ▼ 17.9% |
| Deferred charges and accrued income490/1 | - | €3,440 | €286 | €9,508 | €4,776 | ▼ 49.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.2m | €3.1m | €2.3m | €2.3m | €2.2m | ▼ 4.5% |
| Equity10/15 | €1.7m | €1.6m | €1.4m | €1.4m | €1.3m | ▼ 2.0% |
| Contributions10/11 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €1.6m | €1.6m | €1.3m | €1.3m | €1.3m | ▼ 2.1% |
| Non-distributable reserves130/1 | - | €16,609 | €16,609 | €16,609 | €16,609 | = |
| Reserves not available under the articles1311 | - | €16,609 | €16,609 | €16,609 | €16,609 | = |
| Tax-exempt reserves132 | - | €178,535 | €56,250 | €56,250 | €56,250 | = |
| Distributable reserves133 | - | €1.4m | €1.2m | €1.2m | €1.2m | ▼ 2.2% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | €58,501 | €54,993 | €0 | - | - | - |
| Deferred taxes168 | - | €54,993 | €0 | - | - | - |
| Amounts payable17/49 | €1.4m | €1.4m | €953,181 | €914,847 | €839,833 | ▼ 8.2% |
| Amounts payable after more than one year17 | €960,904 | €896,829 | €831,757 | €765,672 | €664,611 | ▼ 13.2% |
| Financial debts170/4 | - | €896,829 | €831,757 | €765,672 | €664,611 | ▼ 13.2% |
| Amounts payable within one year42/48 | €458,793 | €446,750 | €104,377 | €129,397 | €153,755 | ▲ 18.8% |
| Current portion of amounts payable after more than one year42 | - | €64,075 | €65,072 | €66,085 | €67,634 | ▲ 2.3% |
| Financial debts43 | - | €375,000 | €0 | - | - | - |
| Credit institutions430/8 | - | €375,000 | €0 | - | - | - |
| Trade debts44 | €5,952 | €2,368 | €1,991 | €12,138 | €8,012 | ▼ 34.0% |
| Suppliers440/4 | - | €2,368 | €1,991 | €12,138 | €8,012 | ▼ 34.0% |
| Taxes, remuneration and social security45 | - | €5,307 | €37,296 | €19,199 | €16,445 | ▼ 14.3% |
| Taxes450/3 | - | €5,307 | €37,296 | €19,199 | €15,079 | ▼ 21.5% |
| Remuneration and social security454/9 | - | - | - | - | €1,365 | - |
| Other amounts payable47/48 | - | - | €17 | €31,976 | €61,664 | ▲ 92.8% |
| Accrued charges and deferred income492/3 | - | €17,915 | €17,047 | €19,777 | €21,467 | ▲ 8.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €521,639 | -€51,199 | -€280,240 | €23,885 | €53,186 | ▲ 123% |
| + Depreciation and write-downs630 | €122,984 | €120,187 | €69,276 | €67,072 | €98,728 | ▲ 47.2% |
| Operating cash flow (approximation) | €644,622 | €68,988 | -€210,964 | €90,957 | €151,914 | ▲ 67.0% |
| Investment in fixed assets (approximation) | - | -€5,211 | €1.0m | -€1,694 | -€12,233 | ▼ 622% |
| Change in cash | - | -€4,320 | €345,142 | -€321,164 | -€14,375 | ▲ 95.5% |
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
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Back to profitnet €23,885
Net result €23,885 after 2 loss-making years.
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€280,240
Net result drops to -€280,240, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 26current ratio 3.93
Current ratio from 0.15 to 3.93; short-term debt falls from €446,750 to €104,377.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Back to profitnet €521,639
Net result €521,639 after one loss-making year.
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-01
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 7 acts read
About the unread acts
We know of 7 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
7 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, Alken · 1 establishment unit since 2010
Ground area
5,489 m²
Building footprint
389 m²
Volume, LiDAR
2,016 m³
Parcel 73001K0253/00H000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Steenweg 222, 3570 Alken
since 20102.189.474.595
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73001K0253/00H000 | Flanders | 5,489 m² | 1 · 389 m² | 10.2 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.
Structure & network
Owners and holdings
1 ownerOwners 1
- Sourceaccounts JuLo 30-06-202633.13%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. 3,947 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
Founded01-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448808508
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.