JAD
ActiveJAD has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16k and a net result of €-15k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 15% of 1294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-35
Solvency36▼-9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 2.01 against 2.2 in 2024; short-term debt: 43.3% and cash: 8.9% of total assets), but 89.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 33
Relative position
BE, all sectors
reference
Sector 33
higher
← 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
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
Solvency
10.7%
Return on assets
-10.1%
Age of the figures
9 mo
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-15k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 1294 sector peers (2025).
NBB · sector comparisonPosition among 1294 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
20 d late
2023
28 d late
2022
34 d early
2021
30 d early
2020
29 d early
2019
18 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€16k▼ 48.6%
2024 · €31k
2018: €10k
2019: €9k
2020: €7k
2021: €28k
2022: €27k
2023: €34k
2024: €31k
2018 → 2025
Total assets
€151k▼ 4.1%
2024 · €158k
2018: €96k
2019: €87k
2020: €104k
2021: €135k
2022: €118k
2023: €154k
2024: €158k
2018 → 2025
Net result
€-15k▼ 572%
2024 · €-2k
2018: €-8k
2019: €-1k
2020: €-2k
2021: €21k
2022: €-332
2023: €6k
2024: €-2k
2018 → 2025
Working capital
€66k▼ 6.5%
2024 · €71k
2018: €34k
2019: €35k
2020: €35k
2021: €54k
2022: €50k
2023: €64k
2024: €71k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€27k▼ 1.2%€34k▲ 22.2%€31k▼ 6.7%€16k▼ 48.6%
Operating result€14k-€714▼ 95.1%€8k▲ 1,038%€-570€-12k▼ 2,079%
Net result€21k-€-332€6k€-2k€-15k▼ 572%
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 €12k in 2025 against €570 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 €151k
Fixed assets
€19k▼ 30.3%
Current assets
€132k▲ 1.4%
Equity and liabilities €151k
Equity
€16k▼ 48.6%
Debt
€135k▲ 6.9%
The debt ratio rises from 80.1% to 89.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▼
2024 · €8k
Cash flow
€-7k▼
2024 · €6k
Solvency
10.7%▼
2024 · 19.9%
Current ratio
2.01▼
2024 · 2.20
Quick ratio
0.73▲
2024 · 0.68
Debt / equity
8.39▲
2024 · 4.03
ROE
-94.5%▼
2024 · -7.2%
ROA
-10.1%▼
2024 · -1.4%
Interest coverage
-1.50▼
2024 · 2.85
Debt
€135k▲
2024 · €126k
Debt ≤ 1 year
€65k▲
2024 · €59k
Debt > 1 year
€65k=
2024 · €65k
Income taxes
€330▲
2024 · €320
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€158k€151k▼
Fixed assets21/28€28k€19k▼
Tangible fixed assets22/27€28k€19k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€23k€17k▼
Financial fixed assets28€35€35=
Current assets29/58€130k€132k▲
Stocks and contracts in progress3€90k€84k▼
Stocks30/36€90k€84k▼
Amounts receivable within one year40/41€32k€34k▲
Trade receivables40€30k€31k▲
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€7k€13k▲
Deferred charges and accrued income490/1€999€1k▲
Equity and liabilities
Total equity and liabilities10/49€158k€151k▼
Equity10/15€31k€16k▼
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€9k€-6k▼
Amounts payable17/49€126k€135k▲
Amounts payable after more than one year17€65k€65k=
Financial debts170/4€65k€65k=
Amounts payable within one year42/48€59k€65k▲
Current portion of amounts payable after more than one year42€532-
Financial debts43-€529
Other loans439-€529
Trade debts44€7k€5k▼
Suppliers440/4€7k€5k▼
Taxes, remuneration and social security45€4k€11k▲
Taxes450/3€4k€4k▲
Remuneration and social security454/9-€8k
Other amounts payable47/48€48k€49k▲
Accrued charges and deferred income492/3€2k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€1k€875▼
Gross operating margin9900€9k€-3k▼
Operating profit (loss)9901€-570€-12k▼
Financial income75/76B€1k€263▼
Recurring financial income75€1k€263▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-2k€-15k▼
Income taxes67/77€320€330▲
Profit (loss) for the period9904€-2k€-15k▼
Profit (loss) for the period to be appropriated9905€-2k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€-6k▼
Profit (loss) brought forward from the previous period14P€12k€9k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €21k
Net result €21k after 3 loss-making years.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
13-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Merelbeke-Melle · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gaversesteenweg 4179820 Merelbeke-MelleGround area
1,218 m²
Building footprint
265 m²
Volume, LiDAR
1,211 m³
Parcel 44412B0560/00X000, Flanders · tallest building 9.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HANS TUINMACHINES
since 20032.134.610.902
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412B0560/00X000 | Flanders | 1,218 m² | 1 · 265 m² | 9.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,717 companies in sector 33120 we hold annual accounts for 1,341. 799 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-09-2003
Fiscal year end31-12
Activities, NACEBEL
29322
33120Repair and maintenance of machinery
47812Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.