JAET
Bankruptcy closedInactive since 25-06-2026; last annual accounts for fiscal year 2021.
Summary
JAET was declared bankrupt on 24-06-2025 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 23-06-2026, published in the Belgian State Gazette on 26-06-2026.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 27-04-2022, 95 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
95 d early
2020
32 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 52 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
€4,310▲ 446%
2020 · €789
Total assets
€4,575▼ 29.6%
2020 · €6,500
Net result
€3,521▼ 71.2%
2020 · €12,233
Working capital
€4,310▲ 446%
2020 · €789
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
Line2018201920202021
Operating result€15,212-€12,155▼ 20.1%€12,384▲ 1.9%€3,565▼ 71.2%
Net result€14,747-€11,863▼ 19.6%€12,233▲ 3.1%€3,521▼ 71.2%
Equity-€23,307--€11,444▲ 50.9%€789€4,310▲ 446%
Total assets€3,705-€1,444▼ 61.0%€6,500▲ 350%€4,575▼ 29.6%
Debt€27,012-€12,888▼ 52.3%€5,711▼ 55.7%€265▼ 95.4%
Working capital-€23,307--€11,444▲ 50.9%€789€4,310▲ 446%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 71% below 2020 and is the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €4,575
Equity
€4,310 ▲ 446%
Debt
€265 ▼ 95.4%
Debt's share of the balance-sheet total falls from 87.9% to 5.8%. Equity is higher and debt is lower.
Key figures and ratios
Debt ≤ 1 year
€265▼
2020 · €5,711
Ratios withheld: a balance sheet total of €4,575 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €720 | - |
| Gross operating margin9900 | €15,358 | €12,287 | €12,384 | €4,286 | ▼ 65.4% |
| Operating profit (loss)9901 | €15,212 | €12,155 | €12,384 | €3,565 | ▼ 71.2% |
| Financial charges65/66B | - | - | - | €45 | - |
| Recurring financial charges65 | €466 | €292 | €150 | €45 | ▼ 70.4% |
| Profit (loss) for the period before taxes9903 | €14,747 | €11,863 | €12,233 | €3,521 | ▼ 71.2% |
| Profit (loss) for the period9904 | €14,747 | €11,863 | €12,233 | €3,521 | ▼ 71.2% |
| Profit (loss) for the period to be appropriated9905 | €14,747 | €11,863 | €12,233 | €3,521 | ▼ 71.2% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €3,705 | €1,444 | €6,500 | €4,575 | ▼ 29.6% |
| Current assets29/58 | €3,705 | €1,444 | €6,500 | €4,575 | ▼ 29.6% |
| Stocks and contracts in progress3 | €720 | €720 | €720 | - | - |
| Amounts receivable within one year40/41 | €2,002 | €520 | €1,517 | €2,127 | ▲ 40.2% |
| Other amounts receivable41 | - | - | - | €2,127 | - |
| Cash at bank and in hand54/58 | €982 | €204 | €4,263 | €2,448 | ▼ 42.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €3,705 | €1,444 | €6,500 | €4,575 | ▼ 29.6% |
| Equity10/15 | -€23,307 | -€11,444 | €789 | €4,310 | ▲ 446% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | - |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | - |
| Reserves not available under the articles1311 | - | - | - | €2,000 | - |
| Profit (loss) carried forward14 | -€45,307 | -€33,444 | -€21,211 | -€17,690 | ▲ 16.6% |
| Amounts payable17/49 | €27,012 | €12,888 | €5,711 | €265 | ▼ 95.4% |
| Amounts payable within one year42/48 | €27,012 | €12,888 | €5,711 | €265 | ▼ 95.4% |
| Trade debts44 | €3,175 | €34 | €260 | €265 | ▲ 1.8% |
| Suppliers440/4 | - | - | - | €265 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,747 | €11,863 | €12,233 | €3,521 | ▼ 71.2% |
| Operating cash flow (approximation) | €14,747 | €11,863 | €12,233 | €3,521 | ▼ 71.2% |
| Change in cash | - | -€779 | €4,059 | -€1,815 | ▼ 145% |
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
2026
26-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 23-06-2026
2025
07-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 24-06-2025
2024
20-09
KBO administration
Address struck
Donkersteeg 24 9000 L’adresse du siège Donkersteeg 24 9000 Die Sitzadresse Donkersteeg 24 9000 Gent
Gent werd doorgehaald met ingang van Gent · event 30-04-2024
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €3,521 ▼71.2%
Net result drops to €3,521, the lowest in the series.
31-12
Financial
Liquidity times 15current ratio 17.29
Current ratio from 1.14 to 17.29; short-term debt falls from €5,711 to €265.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 10current ratio 1.14
Current ratio from 0.11 to 1.14; short-term debt falls from €12,888 to €5,711.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are 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, Gent
Ground area
42 m²
Building footprint
42 m²
Volume, LiDAR
389 m³
Parcel 44803C0401/00B000, Flanders · tallest building 12.2 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44803C0401/00B000 | Flanders | 42 m² | 1 · 42 m² | 12.2 m · 4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GEERT DEFREYNE KORTRIJKSESTEENWEG 361,
9000 GENT |
24-06-2025 → 23-06-2026 |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded19-03-2014
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.