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JADE

Active
Private limited company (pre-2019)founded 199926 yrs activeJ.B. Vannypenstraat 32, 1160 Oudergem, BelgiumKBO/BCE: BE 0467.120.425
Summary

The computed 12-month bankruptcy probability of JADE is 1.7% (moderate). The 2024 annual accounts show equity of €28,648 and a net result of €1,679. Equity remains stable across the filed fiscal years (±0.9% per year). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability73▲+1
Solvency80▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.26 in 2023; short-term debt: 45.3% and cash: 9.7% of total assets), and 45.3% 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 · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 26 years 0 30 y
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 2024
Solvency, return and age of the figures
Solvency
54.7%
Return on assets
3.2%
Age of the figures
21 mo
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 2024
Equity per financial year
181920222324
2018 to 2024 · latest year €28,648
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 filings
Deviation from the deadline
2025
not confirmed
2024
31 d late
2023
67 d late
2022
60 d late
2020
125 d late
2019
138 d late
2018
71 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 82 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

JADE was incorporated on 22 October 1999.1 Total assets went from EUR 54,248 in 2018 to EUR 52,402 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€28,648▲ 6.2%
2023 · €26,969
Total assets
€52,402▲ 3.6%
2023 · €50,560
Net result
€1,679▲ 20.3%
2023 · €1,395
Working capital
€8,515▲ 37.7%
2023 · €6,186
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
Line20192020202220232024
Operating result€524-€939-€431-€2,666€1,911▼ 28.3%
Net result€505-€1,036-€244-€1,395€1,679▲ 20.3%
Equity€29,943▲ 1.7%€28,907▼ 3.5%€25,574-€26,969▲ 5.5%€28,648▲ 6.2%
Total assets€54,137▼ 0.2%€52,194▼ 3.6%€48,436-€50,560▲ 4.4%€52,402▲ 3.6%
Debt€24,194▼ 2.5%€23,286▼ 3.8%€22,862-€23,591▲ 3.2%€23,755▲ 0.7%
Working capital€5,043▲ 58.3%€5,503▲ 9.1%€4,140-€6,186▲ 49.4%€8,515▲ 37.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€2,000-€1,000€0€1,000€2,000€3,000Operating result 2019: €524€524Net result 2019: €505€505Operating result 2020: -€939-€939Net result 2020: -€1,036-€1,036Operating result 2022: -€431-€431Net result 2022: -€244-€244Operating result 2023: €2,666€2,666Net result 2023: €1,395€1,395Operating result 2024: €1,911€1,911Net result 2024: €1,679€1,67920192020202220232024-€1,000€0€1,000€2,000€3,000Operating result 2022: -€431-€431Net result 2022: -€244-€244Operating result 2023: €2,666€2,670Net result 2023: €1,395€1,390Operating result 2024: €1,911€1,910Net result 2024: €1,679€1,680202220232024
The operating result falls in 2024; 2024 is 28% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €52,402
Fixed assets €20,133 ▼ 3.1%
Current assets €32,270 ▲ 8.4%
Equity and liabilities €52,402
Equity €28,648 ▲ 6.2%
Debt €23,755 ▲ 0.7%
Debt's share of the balance-sheet total falls from 46.7% to 45.3%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€2,561▼
2023 · €3,317
Cash flow
€2,329▲
2023 · €2,045
Current ratio
1.36▲
2023 · 1.26
Debt to equity
0.83▼
2023 · 0.87
ROE
5.9%▲
2023 · 5.2%
ROA
3.2%▲
2023 · 2.8%
Interest coverage
11.04▼
2023 · 22.69
Debt ≤ 1 year
€23,755▲
2023 · €23,591
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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 16,986 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 · 2024 against 2023 · 34 lines
Balance sheet Code20232024
Assets
Total assets20/58€50,560€52,402▲
Fixed assets21/28€20,783€20,133▼
Tangible fixed assets22/27€20,783€20,133▼
Land and buildings22€20,783€20,133▼
Current assets29/58€29,776€32,270▲
Amounts receivable within one year40/41€27,187€27,187=
Trade receivables40€219€219=
Other amounts receivable41€26,968€26,968=
Cash at bank and in hand54/58€2,119€5,083▲
Deferred charges and accrued income490/1€470-
Equity and liabilities
Total equity and liabilities10/49€50,560€52,402▲
Equity10/15€26,969€28,648▲
Contributions10/11€18,592€18,592=
Reserves13€1,161€1,161=
Non-distributable reserves130/1€1,161€1,161=
Reserves not available under the articles1311€1,161€1,161=
Profit (loss) carried forward14€7,216€8,894▲
Amounts payable17/49€23,591€23,755▲
Amounts payable within one year42/48€23,591€23,755▲
Trade debts44€537€702▲
Suppliers440/4€537€702▲
Other amounts payable47/48€23,053€23,053=
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€651€651=
Other operating charges640/8€350€384▲
Gross operating margin9900€3,667€2,945▼
Operating profit (loss)9901€2,666€1,911▼
Financial charges65/66B€146€232▲
Recurring financial charges65€146€232▲
Profit (loss) for the period before taxes9903€2,520€1,679▼
Income taxes67/77€1,125-
Profit (loss) for the period9904€1,395€1,679▲
Profit (loss) for the period to be appropriated9905€1,395€1,679▲
Appropriation of the result
Profit (loss) to be appropriated9906€7,216€8,894▲
Profit (loss) brought forward from the previous period14P€5,821€7,216▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,495€1,495€1,004€651€651=
Other operating charges640/8---€350€384▲ 9.7%
Gross operating margin9900€2,601€791€573€3,667€2,945▼ 19.7%
Operating profit (loss)9901€524-€939-€431€2,666€1,911▼ 28.3%
Financial income75/76B--€323---
Recurring financial income75€169€60€323---
Financial charges65/66B--€136€146€232▲ 58.8%
Recurring financial charges65€188€156€136€146€232▲ 58.8%
Profit (loss) for the period before taxes9903€505-€1,036-€244€2,520€1,679▼ 33.4%
Income taxes67/77---€1,125--
Profit (loss) for the period9904€505-€1,036-€244€1,395€1,679▲ 20.3%
Profit (loss) for the period to be appropriated9905€505-€1,036-€244€1,395€1,679▲ 20.3%
Line20192020202220232024Change
Assets
Total assets20/58€54,137€52,194€48,436€50,560€52,402▲ 3.6%
Fixed assets21/28€24,900€23,404€21,434€20,783€20,133▼ 3.1%
Tangible fixed assets22/27€24,900€23,404€21,434€20,783€20,133▼ 3.1%
Land and buildings22--€21,434€20,783€20,133▼ 3.1%
Current assets29/58€29,237€28,789€27,003€29,776€32,270▲ 8.4%
Amounts receivable within one year40/41€29,109€27,639€25,612€27,187€27,187=
Trade receivables40--€219€219€219=
Other amounts receivable41--€25,393€26,968€26,968=
Cash at bank and in hand54/58€128€1,151€1,391€2,119€5,083▲ 140%
Deferred charges and accrued income490/1---€470--
Equity and liabilities
Total equity and liabilities10/49€54,137€52,194€48,436€50,560€52,402▲ 3.6%
Equity10/15€29,943€28,907€25,574€26,969€28,648▲ 6.2%
Contributions10/11€18,592-€18,592€18,592€18,592=
Reserves13€1,161€1,161€1,161€1,161€1,161=
Non-distributable reserves130/1--€1,161€1,161€1,161=
Reserves not available under the articles1311--€1,161€1,161€1,161=
Profit (loss) carried forward14€10,189€9,154€5,821€7,216€8,894▲ 23.3%
Amounts payable17/49€24,194€23,286€22,862€23,591€23,755▲ 0.7%
Amounts payable within one year42/48€24,194€23,286€22,862€23,591€23,755▲ 0.7%
Trade debts44€908-€926€537€702▲ 30.6%
Suppliers440/4--€926€537€702▲ 30.6%
Other amounts payable47/48--€21,936€23,053€23,053=
Line20192020202220232024Change
Profit (loss) for the period9904€505-€1,036-€244€1,395€1,679▲ 20.3%
+ Depreciation and write-downs630€1,495€1,495€1,004€651€651=
Operating cash flow (approximation)€2,000€460€760€2,045€2,329▲ 13.9%
Investment in fixed assets (approximation)-€0-€0€0-
Change in cash-€1,022-€729€2,963▲ 307%

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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Timeline · acts, filings and financial milestones

2025
31-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial Highest result since 2018net €1,679 ▲20.3%
Net result €1,679, the highest in the series.
06-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 67 days late
2023
31-12
Financial Back to profitnet €1,395
Net result €1,395 after 2 loss-making years.
29-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2021
03-12
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 125 days late
2020
16-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 138 days late
2019
31-12
Financial Back to profitnet €505
Net result €505 after one loss-making year.
10-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
16-11
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 108 days late
2017
29-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
30-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 30 days late
2015
30-09
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 61 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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Structure & network

Owners and holdings

1 owner

Chain of control

  1. METHYS 67%
  2. JADE

Highest known parent: METHYS. The sources do not say who stands above it.

Owners 1

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

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded22-10-1999
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0467120425
Also 9925:BE0467120425
Registered 19-06-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.