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Jadaco

Active
Private limited companyfounded 2025active for 1 yearPater Damiaanstraat(Kor) 15, 8500 Kortrijk, BelgiumKBO/BCE: BE 1024.236.262
Summary

The computed 12-month bankruptcy probability of Jadaco is 2.3% (moderate). The 2025 annual accounts show negative equity (-€412) and a net result of -€412. Its solvency ranks better than 9% of 34,650 sector peers (NACE 43, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Equity
-€412
Total assets
€165,946
Net result
-€412
Working capital
-€13,176

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €165,946
Fixed assets €26,314
Current assets €139,632
Equity and liabilities
Equity-€412
Debt€166,358
Equity is negative: debt (€166,358) exceeds the balance-sheet total (€165,946).
Key figures and ratios
2025 value
EBITDA
€10,067
Cash flow
€7,825
Solvency
-0.2%
Current ratio
0.91
ROA
-0.2%
Interest coverage
6.85
Debt
€166,358
Debt ≤ 1 year
€152,808
Debt > 1 year
€10,839
Income taxes
€774
Equity ratios withheld: equity of -€412 is too small for a meaningful ratio.

Peer companies

Historical observation

Of the 232 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96.1% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a small loss
1.7% went bankrupt
2.2% stopped otherwise
96.1% still going

For this company itself Checked computes a higher bankruptcy probability: 2.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 232 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
Filed annual accounts As filed with the NBB · 2025 · 36 lines
Balance sheet Code2025
Assets
Total assets20/58€165,946
Fixed assets21/28€26,314
Tangible fixed assets22/27€26,314
Furniture and vehicles24€4,504
Leasing and similar rights25€21,810
Current assets29/58€139,632
Amounts receivable within one year40/41€26,257
Trade receivables40€26,257
Current investments50/53€100,000
Cash at bank and in hand54/58€11,634
Deferred charges and accrued income490/1€1,741
Equity and liabilities
Total equity and liabilities10/49€165,946
Equity10/15-€412
Profit (loss) carried forward14-€412
Amounts payable17/49€166,358
Amounts payable after more than one year17€10,839
Financial debts170/4€10,839
Amounts payable within one year42/48€152,808
Current portion of amounts payable after more than one year42€10,505
Trade debts44€12,039
Suppliers440/4€12,039
Taxes, remuneration and social security45€11,295
Taxes450/3€11,295
Other amounts payable47/48€118,968
Accrued charges and deferred income492/3€2,711
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,237
Other operating charges640/8€1,383
Gross operating margin9900€11,450
Operating profit (loss)9901€1,830
Financial charges65/66B€1,469
Recurring financial charges65€1,469
Profit (loss) for the period before taxes9903€361
Income taxes67/77€774
Profit (loss) for the period9904-€412
Profit (loss) for the period to be appropriated9905-€412
Appropriation of the result
Profit (loss) to be appropriated9906-€412

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,237
Other operating charges640/8€1,383
Gross operating margin9900€11,450
Operating profit (loss)9901€1,830
Financial charges65/66B€1,469
Recurring financial charges65€1,469
Profit (loss) for the period before taxes9903€361
Income taxes67/77€774
Profit (loss) for the period9904-€412
Profit (loss) for the period to be appropriated9905-€412
Line2025
Assets
Total assets20/58€165,946
Fixed assets21/28€26,314
Tangible fixed assets22/27€26,314
Furniture and vehicles24€4,504
Leasing and similar rights25€21,810
Current assets29/58€139,632
Amounts receivable within one year40/41€26,257
Trade receivables40€26,257
Current investments50/53€100,000
Cash at bank and in hand54/58€11,634
Deferred charges and accrued income490/1€1,741
Equity and liabilities
Total equity and liabilities10/49€165,946
Equity10/15-€412
Profit (loss) carried forward14-€412
Amounts payable17/49€166,358
Amounts payable after more than one year17€10,839
Financial debts170/4€10,839
Amounts payable within one year42/48€152,808
Current portion of amounts payable after more than one year42€10,505
Trade debts44€12,039
Suppliers440/4€12,039
Taxes, remuneration and social security45€11,295
Taxes450/3€11,295
Other amounts payable47/48€118,968
Accrued charges and deferred income492/3€2,711
Line2025
Profit (loss) for the period9904-€412
+ Depreciation and write-downs630€8,237
Operating cash flow (approximation)€7,825

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 27-07-2026 2026-00351715

Similar companies · same sector and region

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 the 7,257 active companies whose main activity is other building finishing work (NACE 43350), figures are known for 2,371. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.