JAFAB
ActiveSummary
JAFAB has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €97,668 and a net result of €1,223. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 92% of 3021 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability60▲+50
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 4.17 against 5.69 in 2023; short-term debt: 12.6% and cash: 50.2% of total assets), and 12.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
13 d early
2022
12 d late
2021
11 d late
2020
1 d late
2019
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€289,676
EBIT margin
-3.9%
Net result
€1,223
2023 · -€11,828
Working capital
€44,763▲ 12.6%
2023 · €39,768
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
Line20202021202220232024
Turnover€289,676
Operating result€25,642▲ 18.4%-€21,711-€16,262▲ 25.1%-€11,422▲ 29.8%€4,644
Net result€14,938▼ 1.0%-€4,655-€19,878▼ 327%-€11,828▲ 40.5%€1,223
EBIT margin-3.9%
Equity€132,807▲ 12.7%€128,152▼ 3.5%€108,274▼ 15.5%€96,445▼ 10.9%€97,668▲ 1.3%
Total assets€153,083▲ 3.4%€141,272▼ 7.7%€122,874▼ 13.0%€104,933▼ 14.6%€111,767▲ 6.5%
Debt€20,276▼ 32.8%€13,120▼ 35.3%€14,600▲ 11.3%€8,488▼ 41.9%€14,099▲ 66.1%
Working capital€61,624▲ 5.5%€51,971▼ 15.7%€43,229▼ 16.8%€39,768▼ 8.0%€44,763▲ 12.6%
Staff (FTE)
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4,644 after a loss of €11,422 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €111,767
Fixed assets
€52,905 ▼ 6.7%
Current assets
€58,862 ▲ 22.0%
Equity and liabilities €111,767
Equity
€97,668 ▲ 1.3%
Debt
€14,099 ▲ 66.1%
Debt's share of the balance-sheet total rises from 8.1% to 12.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16,475▲
2023 · €46
Cash flow
€13,054▲
2023 · -€360
Current ratio
4.17▼
2023 · 5.69
Debt to equity
0.14▲
2023 · 0.09
ROE
1.3%▲
2023 · -12.3%
ROA
1.1%▲
2023 · -11.3%
Interest coverage
4.82▲
2023 · 0.01
Debt ≤ 1 year
€14,099▲
2023 · €8,488
Staff costs
€18,714▼
2023 · €19,604
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf 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 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 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €289,676 | - | - |
| Non-recurring operating income76A | - | - | €3,818 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €270,856 | €269,541 | €287,739 | ▲ 6.8% |
| Remuneration, social security and pensions62 | - | €9,471 | €15,896 | €19,604 | €18,714 | ▼ 4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,452 | €12,889 | €11,135 | €11,468 | €11,831 | ▲ 3.2% |
| Other operating charges640/8 | - | €113 | €1,008 | €2,326 | €420 | ▼ 81.9% |
| Gross operating margin9900 | €46,862 | €761 | €11,777 | €21,976 | €35,609 | ▲ 62.0% |
| Operating profit (loss)9901 | €25,642 | -€21,711 | -€16,262 | -€11,422 | €4,644 | ▲ 141% |
| Financial income75/76B | - | €18,672 | €78 | €3,231 | - | - |
| Recurring financial income75 | €5 | €18,672 | €78 | €3,231 | - | - |
| Financial charges65/66B | - | €2,434 | €3,694 | €3,637 | €3,421 | ▼ 5.9% |
| Recurring financial charges65 | €2,535 | €2,434 | €3,694 | €3,637 | €3,421 | ▼ 5.9% |
| Profit (loss) for the period before taxes9903 | €23,762 | -€5,474 | -€19,878 | -€11,828 | €1,223 | ▲ 110% |
| Income taxes67/77 | €8,824 | -€818 | - | - | - | - |
| Profit (loss) for the period9904 | €14,938 | -€4,655 | -€19,878 | -€11,828 | €1,223 | ▲ 110% |
| Profit (loss) for the period to be appropriated9905 | €14,938 | -€4,655 | -€19,878 | -€11,828 | €1,223 | ▲ 110% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €153,083 | €141,272 | €122,874 | €104,933 | €111,767 | ▲ 6.5% |
| Fixed assets21/28 | €71,183 | €76,181 | €65,045 | €56,677 | €52,905 | ▼ 6.7% |
| Tangible fixed assets22/27 | €70,955 | €75,952 | €64,817 | €56,449 | €52,677 | ▼ 6.7% |
| Plant, machinery and equipment23 | - | €79 | - | - | €3,028 | - |
| Furniture and vehicles24 | - | €2,928 | €1,731 | €652 | €1,760 | ▲ 170% |
| Other tangible fixed assets26 | - | €72,945 | €63,086 | €55,797 | €47,889 | ▼ 14.2% |
| Financial fixed assets28 | €228 | €228 | €228 | €228 | €228 | = |
| Current assets29/58 | €81,900 | €65,092 | €57,829 | €48,256 | €58,862 | ▲ 22.0% |
| Amounts receivable within one year40/41 | €13,048 | €6,084 | €5,208 | €2,360 | €2,730 | ▲ 15.7% |
| Trade receivables40 | - | €4,650 | €2,628 | €927 | €1,297 | ▲ 39.9% |
| Other amounts receivable41 | - | €1,433 | €2,580 | €1,433 | €1,433 | = |
| Cash at bank and in hand54/58 | €68,851 | €59,008 | €52,621 | €45,896 | €56,132 | ▲ 22.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €153,083 | €141,272 | €122,874 | €104,933 | €111,767 | ▲ 6.5% |
| Equity10/15 | €132,807 | €128,152 | €108,274 | €96,445 | €97,668 | ▲ 1.3% |
| Contributions10/11 | €22,600 | €22,600 | €22,600 | €22,600 | €22,600 | = |
| Capital10 | - | €22,600 | €22,600 | €22,600 | €22,600 | = |
| Issued capital100 | - | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Uncalled capital101 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €3,500 | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Non-distributable reserves130/1 | - | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Legal reserve130 | - | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Profit (loss) carried forward14 | €106,707 | €102,052 | €82,174 | €70,345 | €71,568 | ▲ 1.7% |
| Amounts payable17/49 | €20,276 | €13,120 | €14,600 | €8,488 | €14,099 | ▲ 66.1% |
| Amounts payable within one year42/48 | €20,276 | €13,120 | €14,600 | €8,488 | €14,099 | ▲ 66.1% |
| Trade debts44 | €8,622 | €4,859 | €14,600 | €7,109 | €11,002 | ▲ 54.8% |
| Suppliers440/4 | - | €4,859 | €14,600 | €7,109 | €11,002 | ▲ 54.8% |
| Taxes, remuneration and social security45 | - | €8,262 | - | €1,379 | €3,097 | ▲ 125% |
| Taxes450/3 | - | €8,085 | - | €1,379 | €3,097 | ▲ 125% |
| Remuneration and social security454/9 | - | €176 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,938 | -€4,655 | -€19,878 | -€11,828 | €1,223 | ▲ 110% |
| + Depreciation and write-downs630 | €10,452 | €12,889 | €11,135 | €11,468 | €11,831 | ▲ 3.2% |
| Operating cash flow (approximation) | €25,390 | €8,234 | -€8,743 | -€360 | €13,054 | ▲ 3,726% |
| Investment in fixed assets (approximation) | - | -€17,886 | €1 | -€3,100 | -€8,059 | ▼ 160% |
| Change in cash | - | -€9,843 | -€6,387 | -€6,725 | €10,236 | ▲ 252% |
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
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Back to profitnet €1,223
Net result €1,223 after 3 loss-making years.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 12 days late
2022
31-12
Financial
Weakest financial yearnet -€19,878
Net result drops to -€19,878, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
01-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 13 days late
2019
31-12
Financial
Highest result since 2018net €15,092 ▲51.4%
Net result €15,092, the highest in the series.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 7 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 16 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Elsene · 1 establishment unit since 2003
Ground area
1,109 m²
Building footprint
286 m²
Volume, LiDAR
3,152 m³
Parcel 21445C0278/00L014, Brussels · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
JAFAB
since 20032.132.701.782
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0278/00L014 | Brussels | 1,109 m² | 1 · 286 m² | 15.3 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.
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Of 1,520 companies in sector 93130 we hold annual accounts for 689. 532 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded08-08-2003
Fiscal year end31-12
Activities, NACEBEL 2025
93110Operation of sports facilities
93130Fitness centres
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860016648
Also
9925:BE0860016648
Registered
26-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.