JAD
ActiveSummary
The computed 12-month bankruptcy probability of JAD is 3.7% (moderate). The 2025 annual accounts show negative equity (-€219,656) and a net result of -€21,767. Equity is shrinking by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 4695 sector peers (fiscal year 2025). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.86 against 5.51 in 2024; short-term debt: 3.9% and cash: 2% of total assets), but equity is negative.
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Signals
Six 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Return on assets
-100.8%
Age of the figures
18 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€219,656
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
1 d early
2022
17 d late
2021
34 d early
2020
38 d early
2019
38 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 14 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€219,656▼ 11.0%
2024 · -€197,889
Total assets
€21,590▼ 46.0%
2024 · €39,948
Net result
-€21,767▼ 13.2%
2024 · -€19,225
Working capital
€724▼ 90.8%
2024 · €7,898
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Operating result-€16,805▲ 5.0%-€14,763▲ 12.2%-€11,975▲ 18.9%-€17,604▼ 47.0%-€21,146▼ 20.1%
Net result-€17,496below the sector's middle half▲ 2.2%-€15,186below the sector's middle half▲ 13.2%-€12,640below the sector's middle half▲ 16.8%-€19,225below the sector's middle half▼ 52.1%-€21,767below the sector's middle half▼ 13.2%
Equity-€150,838below the sector's middle half▼ 13.1%-€166,024below the sector's middle half▼ 10.1%-€178,663below the sector's middle half▼ 7.6%-€197,889below the sector's middle half▼ 10.8%-€219,656below the sector's middle half▼ 11.0%
Total assets€18,799below the sector's middle half▲ 109%€45,573within the sector's middle half▲ 142%€48,371within the sector's middle half▲ 6.1%€39,948below the sector's middle half▼ 17.4%€21,590below the sector's middle half▼ 46.0%
Debt€169,637▲ 19.2%€211,597▲ 24.7%€227,034▲ 7.3%€237,837▲ 4.8%€241,246▲ 1.4%
Working capital-€150,328▼ 10.0%-€184,019▼ 22.4%€7,898€724▼ 90.8%
Solvency-802.4%below the sector's middle half-364.3%below the sector's middle half▲ 438.1pp-369.4%below the sector's middle half▼ 5.1pp-495.4%below the sector's middle half▼ 126.0pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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 stays negative: a loss of €21,146 in 2025 against €17,604 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 €21,590
Fixed assets
€20,025 ▼ 33.9%
Current assets
€1,565 ▼ 83.8%
Key figures and ratios
EBITDA
-€10,874▼
2024 · -€7,832
Cash flow
-€11,495▼
2024 · -€9,454
Current ratio
1.86▼
2024 · 5.51
Debt to equity
-1.10▲
2024 · -1.20
ROA
-100.8%▼
2024 · -48.1%
Interest coverage
-17.50▼
2024 · -4.83
Debt ≤ 1 year
€841▼
2024 · €1,753
Debt > 1 year
€240,405▲
2024 · €236,084
A ratio outside any meaningful range has been withheld (balance sheet total €21,590, equity -€219,656).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.7% 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 497,662 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% | 1.7% |
| 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 75% 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 6,639 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,779 | €4,088 | €8,089 | €9,772 | €10,272 | ▲ 5.1% |
| Other operating charges640/8 | - | €482 | €2,552 | €1,108 | €127 | ▼ 88.5% |
| Non-recurring operating charges66A | - | - | - | €2,253 | - | - |
| Gross operating margin9900 | -€12,972 | -€10,193 | -€1,333 | -€4,471 | -€10,747 | ▼ 140% |
| Operating profit (loss)9901 | -€16,805 | -€14,763 | -€11,975 | -€17,604 | -€21,146 | ▼ 20.1% |
| Financial charges65/66B | - | €423 | €665 | €1,621 | €621 | ▼ 61.7% |
| Recurring financial charges65 | €398 | €423 | €665 | €1,621 | €621 | ▼ 61.7% |
| Profit (loss) for the period before taxes9903 | -€17,203 | -€15,186 | -€12,640 | -€19,225 | -€21,767 | ▼ 13.2% |
| Income taxes67/77 | €292 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€17,496 | -€15,186 | -€12,640 | -€19,225 | -€21,767 | ▼ 13.2% |
| Profit (loss) for the period to be appropriated9905 | -€17,496 | -€15,186 | -€12,640 | -€19,225 | -€21,767 | ▼ 13.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,799 | €45,573 | €48,371 | €39,948 | €21,590 | ▼ 46.0% |
| Fixed assets21/28 | €3,952 | €22,457 | €16,269 | €30,297 | €20,025 | ▼ 33.9% |
| Tangible fixed assets22/27 | €3,779 | €22,284 | €16,095 | €30,124 | €19,852 | ▼ 34.1% |
| Furniture and vehicles24 | - | €22,284 | €16,095 | €30,124 | €19,852 | ▼ 34.1% |
| Financial fixed assets28 | €174 | €174 | €174 | €174 | €174 | = |
| Current assets29/58 | €14,846 | €23,116 | €32,102 | €9,651 | €1,565 | ▼ 83.8% |
| Amounts receivable within one year40/41 | €1,511 | €1,369 | €16,747 | €286 | €1,135 | ▲ 298% |
| Other amounts receivable41 | - | €1,369 | €16,747 | €286 | €1,135 | ▲ 298% |
| Cash at bank and in hand54/58 | €13,336 | €21,747 | €15,355 | €9,365 | €429 | ▼ 95.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,799 | €45,573 | €48,371 | €39,948 | €21,590 | ▼ 46.0% |
| Equity10/15 | -€150,838 | -€166,024 | -€178,663 | -€197,889 | -€219,656 | ▼ 11.0% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €15 | €15 | €15 | €15 | €15 | = |
| Non-distributable reserves130/1 | - | €15 | €15 | €15 | €15 | = |
| Reserves not available under the articles1311 | - | €15 | €15 | €15 | €15 | = |
| Profit (loss) carried forward14 | -€169,446 | -€184,631 | -€197,271 | -€216,496 | -€238,263 | ▼ 10.1% |
| Amounts payable17/49 | €169,637 | €211,597 | €227,034 | €237,837 | €241,246 | ▲ 1.4% |
| Amounts payable after more than one year17 | €4,462 | €4,462 | €227,034 | €236,084 | €240,405 | ▲ 1.8% |
| Financial debts170/4 | - | €4,462 | - | - | - | - |
| Other amounts payable178/9 | - | - | €227,034 | €236,084 | €240,405 | ▲ 1.8% |
| Amounts payable within one year42/48 | €165,175 | €207,135 | - | €1,753 | €841 | ▼ 52.0% |
| Trade debts44 | €270 | €23,311 | - | €1,353 | €841 | ▼ 37.9% |
| Suppliers440/4 | - | €23,311 | - | €1,353 | €841 | ▼ 37.9% |
| Other amounts payable47/48 | - | €183,823 | - | €399 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,496 | -€15,186 | -€12,640 | -€19,225 | -€21,767 | ▼ 13.2% |
| + Depreciation and write-downs630 | €3,779 | €4,088 | €8,089 | €9,772 | €10,272 | ▲ 5.1% |
| Operating cash flow (approximation) | -€13,717 | -€11,097 | -€4,551 | -€9,454 | -€11,495 | ▼ 21.6% |
| Investment in fixed assets (approximation) | - | -€22,593 | -€1,901 | -€23,800 | €0 | ▲ 100% |
| Change in cash | - | €8,411 | -€6,391 | -€5,990 | -€8,936 | ▼ 49.2% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet -€21,767
Net result drops to -€21,767, the lowest in the series.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
17-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2015
29-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Schaarbeek · 1 establishment unit since 1992
Ground area
1,102 m²
Building footprint
961 m²
Volume, LiDAR
7,410 m³
2 parcels, Brussels · tallest building 16.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Bien-Fairestraat 61, 1170 Watermaal-Bosvoorde
since 19922.056.719.407
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21015A0091/00X005 | Brussels | 996 m² | 1 · 852 m² | 16.7 m · 4 fl. |
| 21017D0169/00M002 | Brussels | 107 m² | 1 · 109 m² | 5.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,684 companies in sector 49330 we hold annual accounts for 2,299. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-12-1991
Fiscal year end31-03
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445928695
Also
9925:BE0445928695
Registered
24-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.