JAD'O
ActiveSummary
The computed 12-month bankruptcy probability of JAD'O is 2.7% (moderate). The 2024 annual accounts show equity of €19k and a net result of €9k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 18% of 9982 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+6
Solvency34▲+1
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.97 against 0.83 in 2023; short-term debt: 85.7% and cash: 4% of total assets), and 90.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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 2024Solvency, return and age of the figures
Solvency
9.3%
Return on assets
4.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9982 sector peers (2024).
NBB · sector comparisonPosition among 9982 sector peers
Solvency
better than 18%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €19k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-11-2025, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
122 d late
2023
25 d late
2022
18 d late
2021
15 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9k
2023 · €-1k
2021: €10khighest in 4 years
2022: €-2k▼ -120% vs 2021lowest in 4 years
2023: €-1k▲ +48.4% vs 2022
2024: €9k▲ +952% vs 2023
2021 → 2024
Working capital
€-6k▲ 71.4%
2023 · €-21k
2021: €-42klowest in 4 years
2022: €-32k▲ +25.0% vs 2021
2023: €-21k▲ +35.1% vs 2022
2024: €-6k▲ +71.4% vs 2023highest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€13k-€11k▼ 12.3%€10k▼ 9.0%€19k▲ 83.9%
2021: €13k
2022: €11k▼ -12.3% vs 2021
2023: €10k▼ -9.0% vs 2022lowest in 4 years
2024: €19k▲ +83.9% vs 2023highest in 4 years
Operating result€12k-€-1k€5k€14k▲ 192%
2021: €12k
2022: €-1k▼ -111% vs 2021lowest in 4 years
2023: €5k▲ +440% vs 2022
2024: €14k▲ +192% vs 2023highest in 4 years
Net result€10k-€-2k€-1k▲ 48.4%€9k
2021: €10khighest in 4 years
2022: €-2k▼ -120% vs 2021lowest in 4 years
2023: €-1k▲ +48.4% vs 2022
2024: €9k▲ +952% vs 2023
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 192% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €202k
Fixed assets
€35k ▲ 13.1%
Current assets
€168k ▲ 69.8%
Equity and liabilities €202k
Equity
€19k ▲ 83.9%
Debt
€184k ▲ 54.0%
Debt's share of the balance-sheet total falls from 92.1% to 90.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29k▲
2023 · €17k
Cash flow
€24k▲
2023 · €11k
Current ratio
0.97▲
2023 · 0.83
Quick ratio
0.95▲
2023 · 0.81
Debt to equity
9.81▼
2023 · 11.71
ROE
45.6%▲
2023 · -9.8%
ROA
4.2%▲
2023 · -0.8%
Interest coverage
21.13▼
2023 · 228.45
Debt ≤ 1 year
€174k▲
2023 · €119k
Debt > 1 year
€10k
Income taxes
€4k▼
2023 · €6k
Staff costs
€2k=
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€129k€202k▲
Fixed assets21/28€31k€35k▲
Intangible fixed assets21€352€352=
Tangible fixed assets22/27€30k€34k▲
Furniture and vehicles24€30k€34k▲
Current assets29/58€99k€168k▲
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€96k€155k▲
Trade receivables40€92k€154k▲
Other amounts receivable41€4k€4k=
Cash at bank and in hand54/58€3€8k▲
Deferred charges and accrued income490/1€502€3k▲
Equity and liabilities
Total equity and liabilities10/49€129k€202k▲
Equity10/15€10k€19k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€7k€16k▲
Amounts payable17/49€119k€184k▲
Amounts payable after more than one year17-€10k
Financial debts170/4-€10k
Amounts payable within one year42/48€119k€174k▲
Trade debts44€46k€46k=
Suppliers440/4€46k€46k=
Advances received on contracts in progress46-€64k
Taxes, remuneration and social security45€3k€6k▲
Taxes450/3€3k€5k▲
Remuneration and social security454/9-€1k
Other amounts payable47/48€71k€71k=
Income statement
Code20232024
Remuneration, social security and pensions62€2k€2k=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€15k▲
Other operating charges640/8€1k€947▼
Gross operating margin9900€20k€32k▲
Operating profit (loss)9901€5k€14k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€74€1k▲
Recurring financial charges65€74€1k▲
Profit (loss) for the period before taxes9903€5k€13k▲
Income taxes67/77€6k€4k▼
Profit (loss) for the period9904€-1k€9k▲
Profit (loss) for the period to be appropriated9905€-1k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€16k▲
Profit (loss) brought forward from the previous period14P€8k€7k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €2k | €2k | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €12k | €12k | €15k | ▲ 23.5% |
| Other operating charges640/8 | - | €1k | €1k | €947 | ▼ 13.6% |
| Gross operating margin9900 | €18k | €12k | €20k | €32k | ▲ 59.2% |
| Operating profit (loss)9901 | €12k | €-1k | €5k | €14k | ▲ 192% |
| Financial income75/76B | - | - | - | €1 | - |
| Recurring financial income75 | - | - | - | €1 | - |
| Financial charges65/66B | €5 | €154 | €74 | €1k | ▲ 1,754% |
| Recurring financial charges65 | €5 | €154 | €74 | €1k | ▲ 1,754% |
| Profit (loss) for the period before taxes9903 | €12k | €-2k | €5k | €13k | ▲ 168% |
| Income taxes67/77 | €3k | €376 | €6k | €4k | ▼ 28.2% |
| Profit (loss) for the period9904 | €10k | €-2k | €-1k | €9k | ▲ 952% |
| Profit (loss) for the period to be appropriated9905 | €10k | €-2k | €-1k | €9k | ▲ 952% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €96k | €90k | €129k | €202k | ▲ 56.4% |
| Fixed assets21/28 | €55k | €43k | €31k | €35k | ▲ 13.1% |
| Intangible fixed assets21 | €452 | €402 | €352 | €352 | = |
| Tangible fixed assets22/27 | €54k | €42k | €30k | €34k | ▲ 13.5% |
| Furniture and vehicles24 | €54k | €42k | €30k | €34k | ▲ 13.5% |
| Current assets29/58 | €41k | €47k | €99k | €168k | ▲ 69.8% |
| Stocks and contracts in progress3 | €13k | €7k | €2k | €2k | = |
| Stocks30/36 | €13k | €7k | €2k | €2k | = |
| Amounts receivable within one year40/41 | €27k | €40k | €96k | €155k | ▲ 61.6% |
| Trade receivables40 | €27k | €40k | €92k | €154k | ▲ 67.2% |
| Other amounts receivable41 | - | €401 | €4k | €4k | = |
| Cash at bank and in hand54/58 | €807 | €34 | €3 | €8k | ▲ 281,137% |
| Deferred charges and accrued income490/1 | - | €37 | €502 | €3k | ▲ 433% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €96k | €90k | €129k | €202k | ▲ 56.4% |
| Equity10/15 | €13k | €11k | €10k | €19k | ▲ 83.9% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €10k | €8k | €7k | €16k | ▲ 122% |
| Amounts payable17/49 | €83k | €79k | €119k | €184k | ▲ 54.0% |
| Amounts payable after more than one year17 | - | - | - | €10k | - |
| Financial debts170/4 | - | - | - | €10k | - |
| Amounts payable within one year42/48 | €83k | €79k | €119k | €174k | ▲ 45.5% |
| Trade debts44 | €6k | €5k | €46k | €46k | = |
| Suppliers440/4 | €6k | €5k | €46k | €46k | = |
| Advances received on contracts in progress46 | - | - | - | €64k | - |
| Taxes, remuneration and social security45 | €3k | €3k | €3k | €6k | ▲ 123% |
| Taxes450/3 | €3k | €3k | €3k | €5k | ▲ 80.8% |
| Remuneration and social security454/9 | - | - | - | €1k | - |
| Other amounts payable47/48 | €74k | €71k | €71k | €71k | = |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €-2k | €-1k | €9k | ▲ 952% |
| + Depreciation and write-downs630 | €6k | €12k | €12k | €15k | ▲ 23.5% |
| Operating cash flow (approximation) | €15k | €10k | €11k | €24k | ▲ 112% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-19k | - |
| Change in cash | - | €-773 | €-32 | €8k | ▲ 25,674% |
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
2025
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 122 days late
2024
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 25 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 18 days late
2022
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
15-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 15 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Grez-Doiceau · 1 establishment unit since 2021
Ground area
919 m²
Building footprint
91 m²
Volume, LiDAR
736 m³
Parcel 25001A0187/00M002, Wallonia · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue de Florival 48, 1390 Grez-Doiceau
since 20212.358.988.629
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25001A0187/00M002 | Wallonia | 919 m² | 1 · 91 m² | 9.3 m · 3 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.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 11,373 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
Founded08-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43310Plastering work
43331Floor and wall tiling
43350Other building finishing work
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.