Checked.be
Active
BE 0459.170.086Private limited company
JADIMEX
Tiensesteenweg 225 ·3360 Bierbeek, Belgium· 29 yrs active
Sector: Wholesale of timber
(46832)
Conclusion
JADIMEX has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €398k and a net result of €-199k. Equity is shrinking by ~13% per year across the filed fiscal years. Its solvency ranks better than 19% of 7779 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €398k |
| Net result | €-199k |
| Staff (FTE) | 4.7 |
| Better than sector | 19% |
Financial profile
36
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
25
Profitability
0
Solvency
21
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1996, 29 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
25
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€10k
estimate, not credit advice
Score history
58
2021
51
2022
66
2023
17
2024
25
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.09 (≥ 1.0)
+5
Quick ratio
Quick ratio 0.37 (< 0.6)
-5
Leverage
Debt/equity 7.17 (> 3.0)
-10
Profitability
Negatieve ROE -50%
-10
Interest coverage
Interest coverage 1.0× (< 1.5×)
-10
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 08-04-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~13%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 12.2% | 44.6% | |
| Net result | €-199k | €31k | |
| Equity | €398k | €395k | |
| Gross operating margin | €440k | €210k | |
| Staff costs | €315k | €189k |
€109k
-
21-25
€-199k
+41.3%
21-25
€-2k
+98.9%
21-25
€3.27M
-5.6%
21-25
€398k
-33.3%
21-25
€220k
-54.1%
21-25
5
-9.6%
21-25
€315k
-3.9%
21-25
€117
-13.6%
21-25
€2.85M
+0.2%
21-25
€2.44M
+11.1%
21-25
€416k
-36.4%
21-25
1.09
-10.5%
21-25
0.37
+11.4%
21-25
12.2%
-29.4%
21-25
7.17
+50.3%
21-25
-50.0%
+11.9%
21-25
-6.1%
+37.8%
21-25
0.96
-
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €109k | €-6k | €425k | €248k | €528k |
| Net profit | €-199k | €-339k | €123k | €1k | €215k |
| Cash flow | €-2k | €-143k | €271k | €167k | €370k |
| Staff costs | €315k | €328k | €484k | €496k | €486k |
| Income taxes | €117 | €135 | €34k | €7k | €96k |
| Dividends | - | - | - | - | - |
| Total assets | €3.27M | €3.46M | €4.25M | €3.59M | €3.77M |
| Equity | €398k | €597k | €936k | €812k | €811k |
| Debt | €2.85M | €2.85M | €3.30M | €2.77M | €2.96M |
| of which ≤ 1y | €2.44M | €2.19M | €2.78M | €2.22M | €2.21M |
| of which > 1y | €416k | €655k | €497k | €547k | €746k |
| Working capital | €220k | €478k | €572k | €532k | €712k |
| Employees (FTE) | 4.7 | 5.2 | 7.7 | 9.0 | 9.5 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.09 | 1.22 | 1.21 | 1.24 | 1.32 |
| Quick ratio | 0.37 | 0.33 | 0.28 | 0.29 | 0.35 |
| Working capital ratio | 6.7% | 13.8% | 13.5% | 14.8% | 18.9% |
| Solvency | 12.2% | 17.3% | 22.0% | 22.7% | 21.5% |
| Debt / equity | 7.17 | 4.77 | 3.53 | 3.41 | 3.65 |
| Long-term debt ratio | 1.05 | 1.10 | 0.53 | 0.67 | 0.92 |
| Interest coverage | 0.96 | -0.04 | 3.32 | 3.16 | 6.97 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -6.1% | -9.8% | 2.9% | 0.0% | 5.7% |
| ROE | -50.0% | -56.8% | 13.2% | 0.2% | 26.5% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (28 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €3.27M | €3.46M | €4.25M | €3.59M | €3.77M |
| Fixed assets | 21/28 | €609k | €789k | €900k | €836k | €850k |
| Formation expenses | 20 | €0 | €0 | - | - | - |
| Intangible fixed assets | 21 | €11k | €24k | €33k | €44k | €32k |
| Tangible fixed assets | 22/27 | €593k | €760k | €859k | €785k | €810k |
| Financial fixed assets | 28 | €5k | €5k | €8k | €8k | €8k |
| Current assets | 29/58 | €2.66M | €2.67M | €3.35M | €2.75M | €2.92M |
| Stocks & contracts in progress | 3 | €1.76M | €1.95M | €2.57M | €2.11M | €2.15M |
| Amounts receivable within one year | 40/41 | €590k | €569k | €619k | €606k | €560k |
| Cash & bank | 54/58 | €277k | €118k | €119k | - | €160k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.27M | €3.46M | €4.25M | €3.59M | €3.77M |
| Equity | 10/15 | €398k | €597k | €936k | €812k | €811k |
| Contributions / capital | 10/11 | €25k | €25k | €25k | €25k | €25k |
| Reserves | 13 | €786k | €786k | €786k | €786k | €786k |
| Accumulated profits (losses) | 14 | €-413k | €-214k | €124k | €1k | - |
| Provisions & deferred taxes | 16 | €15k | €15k | €15k | - | - |
| Amounts payable | 17/49 | €2.85M | €2.85M | €3.30M | €2.77M | €2.96M |
| Amounts payable after one year | 17 | €416k | €655k | €497k | €547k | €746k |
| Amounts payable within one year | 42/48 | €2.44M | €2.19M | €2.78M | €2.22M | €2.21M |
| Trade debts payable within one year | 44 | €330k | €46k | €209k | €38k | €97k |
| Income statement | ||||||
| Gross operating margin | 9900 | €440k | €334k | €943k | €792k | €1.03M |
| Operating result | 9901 | €-88k | €-201k | €277k | €83k | €373k |
| Financial income | 75 | €3k | €16k | €8k | €4k | €14k |
| Financial charges | 65 | €114k | €154k | €128k | €79k | €76k |
| Result before taxes | 9903 | €-199k | €-339k | €157k | €8k | €311k |
| Income taxes | 67/77 | €117 | €135 | €34k | €7k | €96k |
| Net result for the period | 9904 | €-199k | €-339k | €123k | €1k | €215k |
| Result to be appropriated | 9905 | €-199k | €-339k | €123k | €1k | €215k |
Legal Structure
| NACE primary | Wholesale of timber(46832) |
| Legal form | Private limited company(610) |
| Incorporation | 07-11-1996 |
| Status | Active |
| Postal code | 3360 |
Establishment units
JADIM
since 19962.079.084.241
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24053B0227/00P000indicative | Flanders | 243 m² | 1 · 75 m² | 11.8 m · 3 fl. |
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €-339k ▼375%
Net result drops to €-339k, the lowest in the series; recovery starts the following year.
07-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Wholesale of timber46832Non-specialised wholesale trade4690051900
Names & trade names
| Legal nameNL | JADIMEX |
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