JADE
ActiveSummary
JADE has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €739,202 and a net result of €287,106. Equity is growing by ~30.9% per year across the filed fiscal years. Its solvency ranks better than 22% of 483 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+26
Solvency41▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.46 in 2024; short-term debt: 56.6% and cash: 12.7% of total assets), but 84.2% of the assets are financed with debt.
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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 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
15.8%
Return on assets
6.1%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 483 sector peers (2025).
NBB · sector comparisonPosition among 483 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-02-2026, 5 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
5 d late
2024
1 d early
2023
22 d early
2022
20 d early
2021
on the day
2020
12 d late
2019
1 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 4 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror Which other companies belong to the same group?LDL GROUP HOLDING · 17 companies
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Financials · fiscal year 2025, abbreviated schema
Equity
€739,202▲ 63.5%
2024 · €452,096
Total assets
€4.7m▲ 9.2%
2024 · €4.3m
Net result
€287,106▲ 255%
2024 · €80,886
Working capital
€1.5m▲ 27.8%
2024 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€218,388▲ 400%€259,403▲ 18.8%€214,119▼ 17.5%€176,464▼ 17.6%€460,507▲ 161%
Net result€149,873▲ 977%€221,918▲ 48.1%€106,279▼ 52.1%€80,886▼ 23.9%€287,106▲ 255%
Equity€324,012▲ 109%€329,908▲ 1.8%€436,209▲ 32.2%€452,096▲ 3.6%€739,202▲ 63.5%
Total assets€2.3m▲ 76.8%€3.6m▲ 56.1%€4.4m▲ 22.7%€4.3m▼ 3.4%€4.7m▲ 9.2%
Debt€2.0m▲ 72.4%€3.3m▲ 64.9%€4.0m▲ 21.7%€3.8m▼ 4.1%€3.9m▲ 2.8%
Working capital€526,054▲ 406%€912,810▲ 73.5%€996,968▲ 9.2%€1.1m▲ 15.1%€1.5m▲ 27.8%
Staff (FTE)6.5▲ 22.6%8.7▲ 33.8%10.3▲ 18.4%8▼ 22.3%9.5▲ 18.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2025 Net result +255%, Equity +64% on 2024. Cause not known from the registers.
- 2023 Net result -52% on 2022. Cause not known from the registers.
- 2022 Total assets +56% on 2021. Cause not known from the registers.
- 2021 Net result +977%, Equity +109%, Total assets +77% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 161% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.7m
Fixed assets
€564,324 ▼ 14.9%
Current assets
€4.1m ▲ 13.6%
Equity and liabilities €4.7m
Equity
€739,202 ▲ 63.5%
Debt
€3.9m ▲ 2.8%
Debt's share of the balance-sheet total falls from 89.5% to 84.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€624,994▲
2024 · €298,789
Cash flow
€451,593▲
2024 · €203,211
Current ratio
1.55▲
2024 · 1.46
Quick ratio
0.74▲
2024 · 0.55
Debt to equity
5.33▼
2024 · 8.48
ROE
38.8%▲
2024 · 17.9%
ROA
6.1%▲
2024 · 1.9%
Interest coverage
10.36▲
2024 · 3.51
Debt ≤ 1 year
€2.6m▲
2024 · €2.5m
Debt > 1 year
€169,474▼
2024 · €283,595
Income taxes
€113,137▲
2024 · €23,355
Staff costs
€763,330▲
2024 · €570,266
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,811 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 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% | 1.6% |
| 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 74% 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 3,811 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €590,018 | €738,264 | €570,266 | €763,330 | ▲ 33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,693 | €60,755 | €67,339 | €122,325 | €164,487 | ▲ 34.5% |
| Other operating charges640/8 | - | €17,674 | €10,457 | €25,140 | €18,779 | ▼ 25.3% |
| Gross operating margin9900 | €766,023 | €927,849 | €1.0m | €894,194 | €1.4m | ▲ 57.4% |
| Operating profit (loss)9901 | €218,388 | €259,403 | €214,119 | €176,464 | €460,507 | ▲ 161% |
| Financial income75/76B | - | €852 | €4,647 | €12,921 | €93 | ▼ 99.3% |
| Recurring financial income75 | €2,501 | €852 | €4,647 | €2,306 | €93 | ▼ 96.0% |
| Non-recurring financial income76B | - | - | - | €10,615 | €0 | ▼ 100% |
| Financial charges65/66B | - | €23,898 | €50,272 | €85,143 | €60,357 | ▼ 29.1% |
| Recurring financial charges65 | €11,203 | €23,898 | €50,272 | €85,143 | €60,357 | ▼ 29.1% |
| Profit (loss) for the period before taxes9903 | €209,686 | €236,357 | €168,494 | €104,242 | €400,243 | ▲ 284% |
| Income taxes67/77 | €59,813 | €14,439 | €62,215 | €23,355 | €113,137 | ▲ 384% |
| Profit (loss) for the period9904 | €149,873 | €221,918 | €106,279 | €80,886 | €287,106 | ▲ 255% |
| Profit (loss) for the period to be appropriated9905 | €149,873 | €221,918 | €106,279 | €80,886 | €287,106 | ▲ 255% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €3.6m | €4.4m | €4.3m | €4.7m | ▲ 9.2% |
| Fixed assets21/28 | €139,394 | €156,306 | €436,371 | €662,742 | €564,324 | ▼ 14.9% |
| Intangible fixed assets21 | €2,667 | €6,794 | €75,301 | €163,030 | €130,657 | ▼ 19.9% |
| Tangible fixed assets22/27 | €136,220 | €148,262 | €359,821 | €497,711 | €431,667 | ▼ 13.3% |
| Plant, machinery and equipment23 | - | €53,612 | €60,518 | €66,628 | €59,459 | ▼ 10.8% |
| Furniture and vehicles24 | - | €29,865 | €57,852 | €46,854 | €39,642 | ▼ 15.4% |
| Leasing and similar rights25 | - | €64,784 | €241,451 | €384,230 | €332,566 | ▼ 13.4% |
| Financial fixed assets28 | €507 | €1,250 | €1,250 | €2,000 | €2,000 | = |
| Current assets29/58 | €2.2m | €3.5m | €4.0m | €3.6m | €4.1m | ▲ 13.6% |
| Stocks and contracts in progress3 | €898,065 | €2.3m | €2.9m | €2.3m | €2.2m | ▼ 4.2% |
| Stocks30/36 | - | €2.3m | €2.9m | €2.3m | €2.2m | ▼ 4.2% |
| Amounts receivable within one year40/41 | €718,992 | €748,726 | €980,757 | €1.2m | €1.3m | ▲ 7.7% |
| Trade receivables40 | - | €720,180 | €941,915 | €1.1m | €930,732 | ▼ 13.3% |
| Other amounts receivable41 | - | €28,546 | €38,843 | €137,375 | €373,300 | ▲ 172% |
| Current investments50/53 | €11 | €11 | €11 | - | - | - |
| Cash at bank and in hand54/58 | €497,492 | €391,818 | €141,947 | €87,104 | €594,843 | ▲ 583% |
| Deferred charges and accrued income490/1 | - | €5,472 | €23,509 | €63,681 | €49,148 | ▼ 22.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €3.6m | €4.4m | €4.3m | €4.7m | ▲ 9.2% |
| Equity10/15 | €324,012 | €329,908 | €436,209 | €452,096 | €739,202 | ▲ 63.5% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €20,270 | €20,270 | €374,709 | €390,596 | €677,702 | ▲ 73.5% |
| Non-distributable reserves130/1 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Tax-exempt reserves132 | - | €13,193 | €13,193 | €13,193 | €13,193 | = |
| Distributable reserves133 | - | €928 | €355,367 | €371,253 | €658,359 | ▲ 77.3% |
| Profit (loss) carried forward14 | €242,242 | €248,138 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €2.0m | €3.3m | €4.0m | €3.8m | €3.9m | ▲ 2.8% |
| Amounts payable after more than one year17 | €146,687 | €148,178 | €151,231 | €283,595 | €169,474 | ▼ 40.2% |
| Financial debts170/4 | - | €37,678 | €150,131 | €282,495 | €168,374 | ▼ 40.4% |
| Other amounts payable178/9 | - | €110,500 | €1,100 | €1,100 | €1,100 | = |
| Amounts payable within one year42/48 | €1.7m | €2.5m | €3.0m | €2.5m | €2.6m | ▲ 7.0% |
| Current portion of amounts payable after more than one year42 | - | €48,396 | €79,743 | €153,164 | €176,588 | ▲ 15.3% |
| Financial debts43 | - | €627,482 | €1.1m | €618,653 | €401,199 | ▼ 35.1% |
| Credit institutions430/8 | - | €627,482 | €1.1m | €591,801 | €401,199 | ▼ 32.2% |
| Other loans439 | - | - | - | €26,853 | €0 | ▼ 100% |
| Trade debts44 | €713,986 | €1.5m | €1.1m | €1.2m | €1.4m | ▲ 17.6% |
| Suppliers440/4 | - | €1.5m | €1.1m | €1.2m | €1.4m | ▲ 17.6% |
| Advances received on contracts in progress46 | - | €6,889 | €1,086 | €1,086 | €1,086 | = |
| Taxes, remuneration and social security45 | - | €161,705 | €224,725 | €166,988 | €579,241 | ▲ 247% |
| Taxes450/3 | - | €87,976 | €126,549 | €80,597 | €474,025 | ▲ 488% |
| Remuneration and social security454/9 | - | €73,729 | €98,176 | €86,391 | €105,216 | ▲ 21.8% |
| Other amounts payable47/48 | - | €185,000 | €471,543 | €366,997 | €115,140 | ▼ 68.6% |
| Accrued charges and deferred income492/3 | - | €591,030 | €845,899 | €1.1m | €1.1m | ▲ 4.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €149,873 | €221,918 | €106,279 | €80,886 | €287,106 | ▲ 255% |
| + Depreciation and write-downs630 | €48,693 | €60,755 | €67,339 | €122,325 | €164,487 | ▲ 34.5% |
| Operating cash flow (approximation) | €198,566 | €282,673 | €173,618 | €203,211 | €451,593 | ▲ 122% |
| Investment in fixed assets (approximation) | - | -€77,667 | -€347,404 | -€348,695 | -€66,069 | ▲ 81.1% |
| Change in cash | - | -€105,675 | -€249,870 | -€54,843 | €507,738 | ▲ 1,026% |
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
2026
20-03
State Gazette act
Resignations: LDL GROUP HOLDING NV, 2PARFIN BV and JADE HOLDING BVAppointments: Sarah Norton, Ben Gujral and LDL GROUP HOLDING NV · Permanent representative: Johan Stuyven · Mandate compensation15 facts ▸
State Gazette act
Resignations: LDL GROUP HOLDING NV, 2PARFIN BV and JADE HOLDING BV
Appointments: Sarah Norton, Ben Gujral and LDL GROUP HOLDING NV · Permanent representative: Johan Stuyven · Mandate compensation15 facts ▸
- General meeting, 11/02/2026
- Director resignation, LDL GROUP HOLDING NV (director)
- Director resignation, 2PARFIN BV (director)
- Director resignation, JADE HOLDING BV (director)
- Director appointment, Sarah Norton (director)
- Director appointment, Ben Gujral (director)
- Director appointment, LDL GROUP HOLDING NV (director)
- Mandate compensation, Sarah Norton
- Mandate compensation, Ben Gujral
- Mandate compensation, LDL GROUP HOLDING NV
- Board meeting, 11/02/2026
- Director resignation, LDL GROUP HOLDING NV (managing director)
- +3 further facts in this act
05-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 5 days late
2025
30-06
Financial
Highest result since 2019net €287,106 ▲255%
Operating result €460,507, net result €287,106, both a record.
30-06
Financial
Equity above €500,000Eq €739,202 ▲63.5%
7 profitable years in a row build equity to €739,202.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Equity above €200,000Eq €324,012 ▲109%
3 profitable years in a row build equity to €324,012.
12-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2020
30-06
Financial
Weakest financial yearnet €13,919 ▼90.2%
Net result drops to €13,919, the lowest in the series; recovery starts the following year.
30-06
Financial
Equity above €150,000Eq €154,681 ▲9.9%
2 profitable years in a row build equity to €154,681.
Show earlier events
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
17-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26040075). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 3
Ben Gujral
CurrentDirector · since 11-02-2026
LDL GROUP HOLDING
CurrentDirector · since 11-02-2026 · Public limited company · perm. rep.: Johan Stuyven
Sarah Norton
CurrentDirector · since 11-02-2026
Day-to-day management 1
LDL GROUP HOLDING
CurrentManaging director · since 11-02-2026 · Public limited company · perm. rep.: Johan Stuyven
Permanent representatives 1
Johan Stuyven
CurrentPermanent representative · since 11-02-2026 · for LDL GROUP HOLDING
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Deinze · 1 establishment unit since 2000
Ground area
2,433 m²
Building footprint
1,662 m²
Volume, LiDAR
7,841 m³
Parcel 44054A0078/00S000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
JADE
since 20002.088.890.149
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054A0078/00S000 | Flanders | 2,433 m² | 1 · 1,662 m² | 6.5 m · 2 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.
Mandate history
5 people since 2026, 3 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Ben Gujral |
|
| LDL GROUP HOLDING |
|
| Sarah Norton |
|
| BV 2Parfin |
|
| JADE HOLDING BV |
|
Structure & network
Part of the group
LDL GROUP HOLDING
17 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
Highest known parent: LDL GROUP HOLDING. The sources do not say who stands above it.
Owners 1
- Jade Holdingparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
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Shareholding
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Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,703 EUR awarded · 1,559 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 144 EUR | 390 EUR |
| 2022 | 1 | 1,559 EUR | 1,169 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300U228O644JYJH33
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Identification & contact
Identification
Legal formPublic limited company
Founded07-10-1998
Fiscal year end30-06
Activities, NACEBEL 2025
33200Installation of industrial machinery and equipment
46431Wholesale of electrical household appliances and audio-video equipment
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464262388
Registered
16-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.