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Public limited companyfounded 200818 yrs activeChaussée de Verviers 181/A, 4910 Theux, BelgiumKBO/BCE: BE 0898.970.957
Summary

JAFI has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.1m and a net result of -€1.4m. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 46% of 3221 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 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
7 d late
2024
28 d late
2023
28 d late
2022
29 d late
2021
24 d late
2020
90 d late
2019
87 d late
← 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 42 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
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

On 2 July 2008, JAFI was incorporated.1 Revenue went from EUR 216,000 in 2023 to EUR 216,000 in 2025 and headcount from 0.9 full-time equivalents in 2020 to 1 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020, 2023 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€216,000=
2024 · €216,000
EBIT margin
15.2%▼ 27.0pp
2024 · 42.1%
Net result
-€1.4m
2024 · €40,946
Working capital
-€542,268▲ 56.8%
2024 · -€1.3m
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
Turnover€216,000€216,000=€216,000=
Operating result€64,601▼ 26.0%€46,873▼ 27.4%€85,486▲ 82.4%€91,003▲ 6.5%€32,748▼ 64.0%
Net result€10,237▼ 61.1%€20,074▲ 96.1%€36,841▲ 83.5%€40,946▲ 11.1%-€1.4m
EBIT margin39.6%42.1%▲ 2.6pp15.2%▼ 27.0pp
Equity€339,042€359,115▲ 5.9%€395,957▲ 10.3%€436,903▲ 10.3%€2.1m▲ 378%
Total assets€2.7m▲ 22.9%€2.8m▲ 2.9%€3.5m▲ 22.5%€2.8m▼ 17.7%€4.4m▲ 54.5%
Debt€2.4m▲ 26.3%€2.5m▲ 2.4%€3.1m▲ 24.3%€2.4m▼ 21.4%€2.3m▼ 4.2%
Working capital-€728,144▲ 15.9%-€677,605▲ 6.9%-€749,844▼ 10.7%-€1.3m▼ 67.4%-€542,268▲ 56.8%
Staff (FTE)1▲ 11.1%1=1=1=1=
Result per fiscal year
Operating resultNet result
-€1.5m-€1.0m-€500,000€0Operating result 2021: €64,601€64,601Net result 2021: €10,237€10,237Operating result 2022: €46,873€46,873Net result 2022: €20,074€20,074Operating result 2023: €85,486€85,486Net result 2023: €36,841€36,841Operating result 2024: €91,003€91,003Net result 2024: €40,946€40,946Operating result 2025: €32,748€32,748Net result 2025: -€1.4m-€1.4m20212022202320242025-€1.5m-€1m-€500,000€0Operating result 2023: €85,486€85,500Net result 2023: €36,841€36,800Operating result 2024: €91,003€91,000Net result 2024: €40,946€40,900Operating result 2025: €32,748€32,700Net result 2025: -€1.4m-€1.4m202320242025
The operating result falls in 2025; 2025 is 64% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.4m
Fixed assets €2.7m ▲ 32.2%
Current assets €1.7m ▲ 111%
Equity and liabilities €4.4m
Equity €2.1m ▲ 378%
Debt €2.3m ▼ 4.2%
Debt's share of the balance-sheet total falls from 84.6% to 52.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
-64.7%▼
2024 · 9.4%
ROA
-30.8%▼
2024 · 1.4%
Debt ≤ 1 year
€2.2m▲
2024 · €2.1m
Debt > 1 year
€35,107▼
2024 · €338,718
Income taxes
€3,009▼
2024 · €19,082
Staff costs
€112,585▲
2024 · €82,777
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 64 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.8m€4.4m▲
Fixed assets21/28€2.0m€2.7m▲
Tangible fixed assets22/27€17,203€8,602▼
Furniture and vehicles24€17,203€8,602▼
Financial fixed assets28€2.0m€2.7m▲
Affiliated companies280/1€2.0m€2.7m▲
Participating interests280€2.0m€2.7m▲
Current assets29/58€808,813€1.7m▲
Amounts receivable within one year40/41€805,780€1.4m▲
Trade receivables40€10,890€5,890▼
Other amounts receivable41€794,890€1.4m▲
Cash at bank and in hand54/58€3,033€307,408▲
Equity and liabilities
Total equity and liabilities10/49€2.8m€4.4m▲
Equity10/15€436,903€2.1m▲
Contributions10/11€65,000€3.1m▲
Capital10€65,000€3.1m▲
Issued capital100€65,000€3.1m▲
Reserves13€16,500€16,500=
Non-distributable reserves130/1€6,500€6,500=
Legal reserve130€6,500€6,500=
Distributable reserves133€10,000€10,000=
Profit (loss) carried forward14€355,403-€994,803▼
Amounts payable17/49€2.4m€2.3m▼
Amounts payable after more than one year17€338,718€35,107▼
Financial debts170/4€338,718€35,107▼
Credit institutions173€292,535-
Other loans174€46,184€35,107▼
Amounts payable within one year42/48€2.1m€2.2m▲
Current portion of amounts payable after more than one year42€87,152€3,346▼
Trade debts44€3,219€5,236▲
Suppliers440/4€3,219€5,236▲
Taxes, remuneration and social security45€42,323€28,634▼
Taxes450/3€32,310€18,951▼
Remuneration and social security454/9€10,013€9,683▼
Other amounts payable47/48€1.9m€2.2m▲
Accrued charges and deferred income492/3-€20,000
Income statement Code20242025
Operating income70/76A€220,853€220,567▼
Turnover70€216,000€216,000=
Other operating income74€4,853€4,567▼
Operating charges60/66A€129,850€187,820▲
Services and other goods61€37,885€41,247▲
Remuneration, social security and pensions62€82,777€112,585▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,602€8,602=
Other operating charges640/8€586€2,094▲
Non-recurring operating charges66A-€23,292
Operating profit (loss)9901€91,003€32,748▼
Financial income75/76B€15,573€15,930▲
Recurring financial income75€15,573€15,930▲
Income from financial fixed assets750-€15,930
Income from current assets751€15,573-
Other financial income752/9€0-
Financial charges65/66B€46,549€1.4m▲
Recurring financial charges65€46,549€47,793▲
Debt charges650€8,150€47,769▲
Other financial charges652/9€38,399€24▼
Non-recurring financial charges66B-€1.3m
Profit (loss) for the period before taxes9903€60,028-€1.3m▼
Income taxes67/77€19,082€3,009▼
Taxes670/3€19,082€3,009▼
Profit (loss) for the period9904€40,946-€1.4m▼
Profit (loss) for the period to be appropriated9905€40,946-€1.4m▼
Appropriation of the result
Profit (loss) to be appropriated9906€355,403-€994,803▼
Profit (loss) brought forward from the previous period14P€314,457€355,403▲
Social balance
Average headcount (FTE)90871.01.0=

The notes to these accounts (33 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A--€220,866€220,853€220,567▼ 0.1%
Turnover70--€216,000€216,000€216,000=
Other operating income74--€4,866€4,853€4,567▼ 5.9%
Operating charges60/66A--€135,380€129,850€187,820▲ 44.6%
Services and other goods61--€29,177€37,885€41,247▲ 8.9%
Remuneration, social security and pensions62€97,805€114,517€97,027€82,777€112,585▲ 36.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€8,602€8,602€8,602€8,602=
Other operating charges640/8€99€1,640€575€586€2,094▲ 257%
Non-recurring operating charges66A-€122--€23,292-
Gross operating margin9900€162,505€171,753----
Operating profit (loss)9901€64,601€46,873€85,486€91,003€32,748▼ 64.0%
Financial income75/76B-€23,932€13,687€15,573€15,930▲ 2.3%
Recurring financial income75-€23,932€13,687€15,573€15,930▲ 2.3%
Income from financial fixed assets750----€15,930-
Income from current assets751---€15,573--
Other financial income752/9--€13,687€0--
Financial charges65/66B€54,364€40,240€42,308€46,549€1.4m▲ 2,899%
Recurring financial charges65€54,364€40,240€42,308€46,549€47,793▲ 2.7%
Debt charges650---€8,150€47,769▲ 486%
Other financial charges652/9--€42,308€38,399€24▼ 99.9%
Non-recurring financial charges66B----€1.3m-
Profit (loss) for the period before taxes9903€10,237€30,565€56,865€60,028-€1.3m▼ 2,344%
Income taxes67/77-€10,491€20,024€19,082€3,009▼ 84.2%
Taxes670/3--€20,024€19,082€3,009▼ 84.2%
Profit (loss) for the period9904€10,237€20,074€36,841€40,946-€1.4m▼ 3,398%
Profit (loss) for the period to be appropriated9905€10,237€20,074€36,841€40,946-€1.4m▼ 3,398%
Line20212022202320242025Change
Assets
Total assets20/58€2.7m€2.8m€3.5m€2.8m€4.4m▲ 54.5%
Fixed assets21/28€2.1m€2.0m€2.0m€2.0m€2.7m▲ 32.2%
Tangible fixed assets22/27-€34,407€25,805€17,203€8,602▼ 50.0%
Furniture and vehicles24-€34,407€25,805€17,203€8,602▼ 50.0%
Financial fixed assets28€2.1m€2.0m€2.0m€2.0m€2.7m▲ 32.9%
Affiliated companies280/1--€2.0m€2.0m€2.7m▲ 32.9%
Participating interests280--€2.0m€2.0m€2.7m▲ 32.9%
Current assets29/58€626,147€770,026€1.4m€808,813€1.7m▲ 111%
Amounts receivable within one year40/41€610,683€751,756€1.4m€805,780€1.4m▲ 73.3%
Trade receivables40€46,490€21,780€21,780€10,890€5,890▼ 45.9%
Other amounts receivable41€564,193€729,976€1.4m€794,890€1.4m▲ 75.0%
Cash at bank and in hand54/58€15,464€18,270€9,465€3,033€307,408▲ 10,035%
Equity and liabilities
Total equity and liabilities10/49€2.7m€2.8m€3.5m€2.8m€4.4m▲ 54.5%
Equity10/15€339,042€359,115€395,957€436,903€2.1m▲ 378%
Contributions10/11€65,000€65,000€65,000€65,000€3.1m▲ 4,615%
Capital10€65,000€65,000€65,000€65,000€3.1m▲ 4,615%
Issued capital100€65,000€65,000€65,000€65,000€3.1m▲ 4,615%
Reserves13€16,500€16,500€16,500€16,500€16,500=
Non-distributable reserves130/1€6,500€6,500€6,500€6,500€6,500=
Legal reserve130€6,500€6,500€6,500€6,500€6,500=
Distributable reserves133€10,000€10,000€10,000€10,000€10,000=
Profit (loss) carried forward14€257,542€277,615€314,457€355,403-€994,803▼ 380%
Amounts payable17/49€2.4m€2.5m€3.1m€2.4m€2.3m▼ 4.2%
Amounts payable after more than one year17€1.0m€961,694€868,976€338,718€35,107▼ 89.6%
Financial debts170/4€1.0m€961,694€868,976€338,718€35,107▼ 89.6%
Credit institutions173--€379,686€292,535--
Other loans174--€489,289€46,184€35,107▼ 24.0%
Amounts payable within one year42/48€1.4m€1.4m€2.2m€2.1m€2.2m▲ 8.8%
Current portion of amounts payable after more than one year42€72,916€83,916€85,496€87,152€3,346▼ 96.2%
Trade debts44€20,664€6,974€5,987€3,219€5,236▲ 62.6%
Suppliers440/4€20,664€6,974€5,987€3,219€5,236▲ 62.6%
Taxes, remuneration and social security45€38,797€54,828€67,810€42,323€28,634▼ 32.3%
Taxes450/3€27,053€42,847€53,583€32,310€18,951▼ 41.3%
Remuneration and social security454/9€11,745€11,981€14,227€10,013€9,683▼ 3.3%
Other amounts payable47/48€1.2m€1.3m€2.0m€1.9m€2.2m▲ 14.4%
Accrued charges and deferred income492/3€28,868€50,000€25,036-€20,000-
Line20212022202320242025Change
Profit (loss) for the period9904€10,237€20,074€36,841€40,946-€1.4m▼ 3,398%
+ Depreciation and write-downs630-€8,602€8,602€8,602€8,602=
Operating cash flow (approximation)€10,237€28,675€45,443€49,548-€1.3m▼ 2,808%
Investment in fixed assets (approximation)-€56,734€0€258-€661,719▼ 256,660%
Change in cash-€2,806-€8,805-€6,431€304,375▲ 4,833%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
07-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 7 days late
28-07
State Gazette act Resignation: S.R.L. MAC MANAGEMENT (director)
4 facts ▸
  • General meeting, 26-03-2026
  • Director resignation, S.R.L. MAC MANAGEMENT (director)
  • Board composition, SOFABO S.A. (director)
  • Board composition, FIL GOOD S.C.S. (director)
2025
31-12
Financial Weakest financial yearnet -€1.4m
Net result drops to -€1.4m, the lowest in the series.
31-12
Financial Equity above €2mEq €2.1m ▲378%
Equity rises from €436,903 to €2.1m.
28-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
28-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
29-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
24-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 24 days late
2021
29-10
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2020
26-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial Highest result since 2018net €263,653 ▲1,181%
Net result €263,653, the highest in the series.
31-12
Financial Equity above €200,000Eq €302,472 ▲679%
2 profitable years in a row build equity to €302,472.
Show earlier events
18-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
21-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts

Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
6 of this company's 7 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, Theux · 1 establishment unit since 2008
seat establishment The establishment unit on the map
Ground area
1,715 m²
Building footprint
234 m²
Volume, LiDAR
1,881 m³
Parcel 63076B0620/00E000, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
JAFI
Chaussée de Verviers 181, 4910 TheuxHoldings
since 20082.241.864.295
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63076B0620/00E000 Wallonia 1,715 m² 1 · 234 m² 10.2 m · 3 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

1 person since 2026, 0 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
MAC MANAGEMENT S.R.L.
  • Director, until 28-07-2026
See the board, name and seat on a given date →

Structure & network

Part of the group SOFABO 14 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. SOFABO 100%
  2. JAFI

Highest known parent: SOFABO. 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.

Recognitions · licences · registrations

Legal Entity Identifier

8755004SGB6LJ95IL615
live in the LEI register

Similar companies · same sector, comparable size

Of 5,712 companies in sector 70100 we hold annual accounts for 3,504. 1,583 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded02-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
47761Retail sale of flowers, plants, seeds and fertilisers
E-invoicing
Reachable via Peppol
Peppol ID 0208:0898970957
Also 9925:BE0898970957
Registered 20-11-2020

Register as of 27 September 2026 · Peppol Directory

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