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JAD

Active
Private limited companyfounded 2003active for 23 yearsGaversesteenweg 417, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 0860.701.685
Summary

JAD has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,095 and a net result of -€15,215. Equity has been growing by about 11% per year since 2018. Its solvency ranks better than 15% of 1,687 sector peers (NACE 33, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Overview

Official details

Source: KBO
Status
Active since 25-09-2003 Normal situation
Activity
Repair and maintenance of machinery NACE 33120and 1 other
Establishment unit
2.134.610.902 9820 Merelbeke-Melle, since 06-10-2003
Financial year end
31 December
Peppol
Reachable since 12-12-2025

Board and ownership

Board

Financial position

63 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.2%
Annual accounts 2025
Gross margin
-€3,201
Loss
€15,215
▲ 572%
Equity
€16,095
▼ 48.6%
Total assets
€151,120
▼ 4.1%
  • 2025 accounts filed 24 days after the deadline
Turnover not published (micro format)
Filed on 24-08-2026
Score breakdownraises riskLoss of €15,215, the second in a row (financial year 2025)Sector: Repair, maintenance and installation of machinery and equipment (NACE 33)Equity €16,095 (10.7% of total assets)lowers riskSize: total assets €151,120Show the evidence

Checked score

Score 2025
63 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 16% of micro companies in repair and installation of machinery (NACE 33)
Financial strength · tick: 2024
Weak
Solvency 36-9
equity 10.7% of total assets
Liquidity 40+2
short-term debt 43.3% · cash 8.9%
Profitability 6-35
return on assets -10.1%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (2,392 companies, NACE 33, micro)
Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024lowest value 02-2025: 0.4%● unchanged vs 01-2025lowest value 03-2025: 0.4%● unchanged vs 02-2025lowest value 04-2025: 0.5%▲ +0.1 percentage points vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.4%▼ -0.1 percentage points vs 05-2025 07-2025: 0.6%▲ +0.2 percentage points vs 06-2025 08-2025: 0.9%▲ +0.3 percentage points vs 07-2025 09-2025: 0.6%▼ -0.3 percentage points vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.7%▲ +0.1 percentage points vs 03-2026 05-2026: 0.6%▼ -0.1 percentage points vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 1.2%▲ +0.6 percentage points vs 07-2026highest value 09-2026: 1.2%● unchanged vs 08-2026 10-2026: 1.2%● unchanged vs 09-2026 11-2026: 1.2%● unchanged vs 10-2026
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.01 (2.2 in 2024), above the usual 1.5. Short-term debt is 43.3% and cash 8.9% of total assets. However, 89.3% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 33, micro). It does better than 16% of them on solvency, 30% on liquidity, 10% on profitability and 9% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises risk
raises risk · Loss of €15,215, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Sector: Repair, maintenance and installation of machinery and equipment (NACE 33)
KBO
lowers risk · Size: total assets €151,120
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Equity €16,095 (10.7% of total assets)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€15,215
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 1687 sector peers (2025).
NBB · sector comparison
Position among 1687 sector peers
Solvency
better than 15%
← weakest strongest →
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
24 days late
2024
20 days late
2023
28 days late
2022
34 days early
2021
30 days early
2020
29 days early
2019
18 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 33), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 August (4 of the last 5 accounts filed within 50 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower net result than 94% of companies in repair and installation of machinerysector median €15,547 · 1,687 companies -€15,215 View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€15,215 View

Recent changes

  1. · Gazette deed Resignation: Hans Van den Abeele (manager)Reappointment: Hans Van den Abeele (director)
  2. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as JAD: repair and maintenance of machinery (NACE 33120). They are comparable in size and age: total assets between €88,900 and €229,000, founded between 1991 and 2011.

CompanyTotal assetsGross margin
JAD Merelbeke-Melle€151,120-€3,201
PARFAIT A LIGNE Ath€228,704-€2,867
TENHAAF MECANIQUE GENIE CIVIL Chaudfontaine€94,758€712
VAN CLEEMPUT THOMAS Temse€121,727-€8,092
Dezitter Technical Services Poperinge€100,109-€293
JOVIKO Antwerpen€88,939-€19,758
GARAGE CHARLIER Doische€90,887€1,022
Full comparison

Key facts about JAD

What is the company number of JAD?
The company number of JAD is 0860.701.685. The VAT number is the same number with BE in front: BE 0860.701.685.
Where is JAD based?
The registered office is at Gaversesteenweg 417, 9820 Merelbeke-Melle.Company details
What does JAD do?
According to the KBO register, the main activity is repair and maintenance of machinery (NACE 33120).
What is the legal form of JAD?
The legal form of JAD is Private limited company (BV).
When was JAD founded?
JAD was founded on 25-09-2003.
Is JAD still active?
Yes, JAD is an active enterprise in the KBO register.
What is the turnover of JAD?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is JAD profitable?
In financial year 2025, JAD made a loss of €15,215.
Where can I find the annual accounts of JAD?
JAD filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of JAD due?
JAD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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