JAG1
ActiveSummary
JAG1 has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €179,545 and a net result of €71,406. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability43▼-9
Solvency31▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.03 in 2023; short-term debt: 36% and cash: 0.2% of total assets), and 93.8% of the assets are financed with debt.
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Signals
Two 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 31-12-2025 was due by 31-07-2026 and was filed on 17-06-2026, 44 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
44 d early
2024
14 d early
2023
1 d early
2022
29 d late
2021
3 d early
2020
30 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 8 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 28 July (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
€179,545▲ 66.0%
2023 · €108,138
Total assets
€2.9m▲ 6.1%
2023 · €2.7m
Net result
€71,406▼ 31.7%
2023 · €104,539
Working capital
€84,776▲ 191%
2023 · €29,173
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€15,614▲ 9.4%-€14,834▲ 5.0%€150,020€178,264▲ 18.8%€189,769▲ 6.5%
Net result-€50,448▲ 6.3%-€32,914▲ 34.8%€106,629€104,539▼ 2.0%€71,406▼ 31.7%
Equity-€70,116▼ 256%-€103,030▼ 46.9%€3,600€108,138▲ 2,904%€179,545▲ 66.0%
Total assets€1.7m▼ 1.5%€1.9m▲ 11.8%€2.0m▲ 3.4%€2.7m▲ 38.6%€2.9m▲ 6.1%
Debt€1.8m▲ 1.4%€2.0m▲ 13.2%€2.0m▼ 2.0%€2.6m▲ 33.4%€2.7m▲ 3.6%
Working capital€321,084▲ 87.2%-€101,214-€1.2m▼ 1,091%€29,173€84,776▲ 191%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 6% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.9m
Fixed assets
€1.8m ▼ 2.9%
Current assets
€1.1m ▲ 24.1%
Equity and liabilities €2.9m
Equity
€179,545 ▲ 66.0%
Debt
€2.7m ▲ 3.6%
Debt's share of the balance-sheet total falls from 96.1% to 93.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€242,444▲
2023 · €230,938
Cash flow
€124,081▼
2023 · €157,213
Current ratio
1.08▲
2023 · 1.03
Quick ratio
0.26▼
2023 · 0.30
Debt to equity
15.24▼
2023 · 24.41
ROE
39.8%▼
2023 · 96.7%
ROA
2.4%▼
2023 · 3.8%
Interest coverage
2.56▼
2023 · 3.43
Debt ≤ 1 year
€1.0m▲
2023 · €884,068
Debt > 1 year
€1.7m▼
2023 · €1.8m
Income taxes
€23,492▲
2023 · €6,483
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,603 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,603 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €52,562 | €52,675 | €52,675 | = |
| Other operating charges640/8 | - | €12,323 | €12,657 | €14,126 | €14,349 | ▲ 1.6% |
| Gross operating margin9900 | -€3,377 | -€2,511 | €215,239 | €245,064 | €256,793 | ▲ 4.8% |
| Operating profit (loss)9901 | -€15,614 | -€14,834 | €150,020 | €178,264 | €189,769 | ▲ 6.5% |
| Financial income75/76B | - | €10,070 | €339 | €0 | €3 | ▲ 8,567% |
| Recurring financial income75 | - | €10,070 | €339 | €0 | €3 | ▲ 8,567% |
| Non-recurring financial income76B | - | €10,070 | - | - | - | - |
| Financial charges65/66B | - | €28,150 | €43,730 | €67,242 | €94,873 | ▲ 41.1% |
| Recurring financial charges65 | €34,834 | €28,150 | €43,730 | €67,242 | €94,873 | ▲ 41.1% |
| Profit (loss) for the period before taxes9903 | -€50,448 | -€32,914 | €106,629 | €111,022 | €94,899 | ▼ 14.5% |
| Income taxes67/77 | - | - | - | €6,483 | €23,492 | ▲ 262% |
| Profit (loss) for the period9904 | -€50,448 | -€32,914 | €106,629 | €104,539 | €71,406 | ▼ 31.7% |
| Profit (loss) for the period to be appropriated9905 | -€50,448 | -€32,914 | €106,629 | €104,539 | €71,406 | ▼ 31.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.9m | €2.0m | €2.7m | €2.9m | ▲ 6.1% |
| Fixed assets21/28 | - | €1.9m | €1.9m | €1.8m | €1.8m | ▼ 2.9% |
| Tangible fixed assets22/27 | - | €1.9m | €1.9m | €1.8m | €1.8m | ▼ 2.9% |
| Land and buildings22 | - | €1.9m | €1.9m | €1.8m | €1.8m | ▼ 2.9% |
| Current assets29/58 | €1.7m | €6,436 | €94,961 | €913,241 | €1.1m | ▲ 24.1% |
| Stocks and contracts in progress3 | €1.7m | - | - | €652,181 | €860,423 | ▲ 31.9% |
| Stocks30/36 | - | - | - | €652,181 | €860,423 | ▲ 31.9% |
| Amounts receivable within one year40/41 | - | - | €2,071 | €174,920 | €264,124 | ▲ 51.0% |
| Other amounts receivable41 | - | - | €2,071 | €174,920 | €264,124 | ▲ 51.0% |
| Cash at bank and in hand54/58 | €78 | €6,436 | €89,476 | €82,527 | €4,928 | ▼ 94.0% |
| Deferred charges and accrued income490/1 | - | - | €3,413 | €3,614 | €3,725 | ▲ 3.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.9m | €2.0m | €2.7m | €2.9m | ▲ 6.1% |
| Equity10/15 | -€70,116 | -€103,030 | €3,600 | €108,138 | €179,545 | ▲ 66.0% |
| Contributions10/11 | - | €91,200 | €91,200 | €91,200 | €91,200 | = |
| Profit (loss) carried forward14 | -€161,316 | -€194,230 | -€87,600 | €16,938 | €88,345 | ▲ 422% |
| Amounts payable17/49 | €1.8m | €2.0m | €2.0m | €2.6m | €2.7m | ▲ 3.6% |
| Amounts payable after more than one year17 | €391,200 | €1.9m | €667,700 | €1.8m | €1.7m | ▼ 4.6% |
| Financial debts170/4 | - | €1.3m | - | €1.8m | €1.7m | ▼ 4.6% |
| Other amounts payable178/9 | - | €638,700 | €667,700 | - | - | - |
| Amounts payable within one year42/48 | €1.4m | €107,650 | €1.3m | €884,068 | €1.0m | ▲ 18.6% |
| Current portion of amounts payable after more than one year42 | - | €72,028 | - | €91,297 | €91,297 | = |
| Financial debts43 | - | - | €1.3m | €445,746 | €587,500 | ▲ 31.8% |
| Credit institutions430/8 | - | - | €1.3m | €445,746 | €587,500 | ▲ 31.8% |
| Trade debts44 | €10,687 | €7,478 | €1,683 | €960 | €1,875 | ▲ 95.3% |
| Suppliers440/4 | - | €7,478 | €1,683 | €960 | €1,875 | ▲ 95.3% |
| Taxes, remuneration and social security45 | - | - | - | €6,483 | - | - |
| Taxes450/3 | - | - | - | €6,483 | - | - |
| Other amounts payable47/48 | - | €28,144 | €28,223 | €339,581 | €367,752 | ▲ 8.3% |
| Accrued charges and deferred income492/3 | - | €1,250 | €10,500 | - | €12,819 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€50,448 | -€32,914 | €106,629 | €104,539 | €71,406 | ▼ 31.7% |
| + Depreciation and write-downs630 | - | - | €52,562 | €52,675 | €52,675 | = |
| Operating cash flow (approximation) | -€50,448 | -€32,914 | €159,191 | €157,213 | €124,081 | ▼ 21.1% |
| Investment in fixed assets (approximation) | - | - | -€29,589 | €0 | €0 | - |
| Change in cash | - | €6,358 | €83,040 | -€6,950 | -€77,599 | ▼ 1,017% |
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
Next filing, fiscal year 2026, expected by
2026
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €179,545 ▲66%
3 profitable years in a row build equity to €179,545.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 14current ratio 1.03
Current ratio from 0.07 to 1.03; short-term debt falls from €1.3m to €884,068.
31-12
Financial
Equity above €100,000Eq €108,138 ▲2,904%
2 profitable years in a row build equity to €108,138.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €106,629
Net result €106,629 after 4 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
31-12
Financial
Weakest financial yearnet -€53,817
Net result drops to -€53,817, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2016
Ground area
2,303 m²
Building footprint
315 m²
Parcel 11808H1203/00F005, Flanders. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
JAG1
since 20162.259.873.930
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1203/00F005 | Flanders | 2,303 m² | 1 · 315 m² | - |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Company details
Identification
Legal formPrivate limited company
Founded23-12-2016
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0668412449
Also
9925:BE0668412449
Registered
06-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.