JAG SERVICES
ActiveSummary
The computed 12-month bankruptcy probability of JAG SERVICES is 10.0% (high). For JAG SERVICES, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €25,519 and a net result of €14,681. Its solvency ranks better than 43% of 17997 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability66▲+1
Solvency45=
Growth78
Track record94
Bankruptcy probability, 12 months
10.0%
High
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2023Solvency, return and age of the figures
Solvency
19.7%
Return on assets
11.3%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 25-10-2024, 86 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
86 d late
2022
280 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 183 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
€25,519▲ 135%
2022 · €10,838
Total assets
€129,710▲ 140%
2022 · €54,051
Net result
€14,681▲ 151%
2022 · €5,838
Working capital
-€21,908▼ 139%
2022 · -€9,162
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023
Operating result€8,184-€18,184▲ 122%
Net result€5,838within the sector's middle half-€14,681within the sector's middle half▲ 151%
Equity€10,838within the sector's middle half-€25,519within the sector's middle half▲ 135%
Total assets€54,051within the sector's middle half-€129,710within the sector's middle half▲ 140%
Debt€43,213-€104,191▲ 141%
Working capital-€9,162within the sector's middle half--€21,908within the sector's middle half▼ 139%
Solvency20.1%within the sector's middle half-19.7%within the sector's middle half▼ 0.4pp
Current ratio0.79within the sector's middle half-0.79within the sector's middle half=
Return on assets (ROA)10.8%within the sector's middle half-11.3%within the sector's middle half▲ 0.5pp
Staff (FTE)3-3.1▲ 3.3%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2023; 2023 is 122% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €129,710
Fixed assets
€47,427 ▲ 137%
Current assets
€82,283 ▲ 142%
Equity and liabilities €129,710
Equity
€25,519 ▲ 135%
Debt
€104,191 ▲ 141%
Debt's share of the balance-sheet total rises from 79.9% to 80.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22,964
Cash flow
€19,461
Debt to equity
4.08▲
2022 · 3.99
ROE
57.5%▲
2022 · 53.9%
Debt ≤ 1 year
€104,191▲
2022 · €43,213
Income taxes
€3,517▲
2022 · €2,346
Staff costs
€39,967▲
2022 · €21,105
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €21,105 | €39,967 | ▲ 89.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €4,780 | - |
| Other operating charges640/8 | €126 | €4,464 | ▲ 3,443% |
| Gross operating margin9900 | €29,415 | €67,395 | ▲ 129% |
| Operating profit (loss)9901 | €8,184 | €18,184 | ▲ 122% |
| Financial income75/76B | - | €14 | - |
| Recurring financial income75 | - | €14 | - |
| Profit (loss) for the period before taxes9903 | €8,184 | €18,198 | ▲ 122% |
| Income taxes67/77 | €2,346 | €3,517 | ▲ 49.9% |
| Profit (loss) for the period9904 | €5,838 | €14,681 | ▲ 151% |
| Profit (loss) for the period to be appropriated9905 | €5,838 | €14,681 | ▲ 151% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €54,051 | €129,710 | ▲ 140% |
| Fixed assets21/28 | €20,000 | €47,427 | ▲ 137% |
| Tangible fixed assets22/27 | - | €27,427 | - |
| Plant, machinery and equipment23 | - | €25,326 | - |
| Furniture and vehicles24 | - | €2,101 | - |
| Financial fixed assets28 | €20,000 | €20,000 | = |
| Current assets29/58 | €34,051 | €82,283 | ▲ 142% |
| Amounts receivable within one year40/41 | €6,179 | €72,993 | ▲ 1,081% |
| Other amounts receivable41 | €6,179 | €72,993 | ▲ 1,081% |
| Cash at bank and in hand54/58 | €27,872 | €9,290 | ▼ 66.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €54,051 | €129,710 | ▲ 140% |
| Equity10/15 | €10,838 | €25,519 | ▲ 135% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €5,838 | €20,519 | ▲ 251% |
| Amounts payable17/49 | €43,213 | €104,191 | ▲ 141% |
| Amounts payable within one year42/48 | €43,213 | €104,191 | ▲ 141% |
| Trade debts44 | €34,463 | €90,964 | ▲ 164% |
| Suppliers440/4 | €34,463 | €90,964 | ▲ 164% |
| Taxes, remuneration and social security45 | €8,750 | €13,227 | ▲ 51.2% |
| Taxes450/3 | €6,490 | €13,227 | ▲ 104% |
| Remuneration and social security454/9 | €2,260 | - | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €5,838 | €14,681 | ▲ 151% |
| + Depreciation and write-downs630 | - | €4,780 | - |
| Operating cash flow (approximation) | €5,838 | €19,461 | ▲ 233% |
| Investment in fixed assets (approximation) | - | -€32,207 | - |
| Change in cash | - | -€18,582 | - |
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
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 86 days late
06-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 280 days late
NBB filing
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Jans-Molenbeek · 1 establishment unit since 2021
Ground area
1,882 m²
Building footprint
524 m²
Volume, LiDAR
3 m³
Parcel 21523B0892/00M003, Brussels · tallest building 0.6 m. Linked by address, not a title deed.
1 establishment unit
ULTRA FOOD
since 20212.334.248.580
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0892/00M003 | Brussels | 1,882 m² | 1 · 524 m² | 0.6 m |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Jans-Molenbeek2.334.248.580
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,783. 8,300 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
Founded02-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
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.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.