JAGA
ActiveSummary
JAGA has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.6m and a net result of -€1.6m. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 16% of 759 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
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Signals
This company filed its last 6 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
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History
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Financials · fiscal year 2024, full schema
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Peer companies
Historical observationOf the 138 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 96% are still going.
- Large
- solvency 10 to 30%
- a small loss
- without age
For this company itself Checked computes a bankruptcy probability of 0.6% 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 138 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €45.8m | €53.7m | €61.0m | €60.8m | ▼ 0.4% |
| Turnover70 | €42.3m | €43.5m | €49.3m | €56.8m | €57.2m | ▲ 0.7% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €141,133 | €780,604 | -€109,535 | -€4,525 | ▲ 95.9% |
| Own construction capitalised72 | - | €105,511 | €63,089 | - | - | - |
| Other operating income74 | - | €1.7m | €3.5m | €3.3m | €3.6m | ▲ 9.0% |
| Non-recurring operating income76A | - | €310,960 | €35,414 | €1.1m | €44,628 | ▼ 95.9% |
| Operating charges60/66A | - | €45.0m | €53.4m | €58.8m | €61.7m | ▲ 4.9% |
| Goods for resale, raw materials and consumables60 | - | €19.5m | €25.6m | €28.0m | €27.1m | ▼ 3.2% |
| Purchases600/8 | - | €20.9m | €28.3m | €27.8m | €26.8m | ▼ 3.6% |
| Change in stocks: decrease (increase)609 | - | -€1.4m | -€2.7m | €287,510 | €393,051 | ▲ 36.7% |
| Services and other goods61 | - | €8.1m | €9.3m | €10.5m | €11.6m | ▲ 10.3% |
| Remuneration, social security and pensions62 | - | €16.0m | €17.4m | €19.1m | €20.5m | ▲ 7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €701,296 | €652,760 | €761,445 | €845,849 | €1.0m | ▲ 22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €328,160 | €7,819 | €75,806 | €1.1m | ▲ 1,285% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€87,144 | -€72,415 | -€31,555 | €60,626 | ▲ 292% |
| Other operating charges640/8 | - | €242,008 | €174,019 | €206,930 | €238,189 | ▲ 15.1% |
| Non-recurring operating charges66A | - | €370,367 | €90,259 | €8,568 | €24,618 | ▲ 187% |
| Operating profit (loss)9901 | €1.3m | €745,528 | €354,862 | €2.2m | -€931,663 | ▼ 142% |
| Financial income75/76B | - | €387,647 | €321,517 | €462,303 | €164,123 | ▼ 64.5% |
| Recurring financial income75 | €127,610 | €387,647 | €321,517 | €462,303 | €164,123 | ▼ 64.5% |
| Income from current assets751 | - | €9,489 | €12,880 | €14,488 | €7,088 | ▼ 51.1% |
| Other financial income752/9 | - | €378,157 | €308,637 | €447,815 | €157,035 | ▼ 64.9% |
| Financial charges65/66B | - | €487,127 | €551,980 | €1.1m | €861,368 | ▼ 24.6% |
| Recurring financial charges65 | €668,197 | €487,127 | €551,980 | €1.1m | €861,368 | ▼ 24.6% |
| Debt charges650 | €206,982 | €166,767 | €178,726 | €368,181 | €312,948 | ▼ 15.0% |
| Other financial charges652/9 | - | €320,360 | €373,254 | €773,646 | €548,420 | ▼ 29.1% |
| Profit (loss) for the period before taxes9903 | €784,847 | €646,047 | €124,399 | €1.6m | -€1.6m | ▼ 205% |
| Income taxes67/77 | €254,172 | €182,472 | -€41,159 | €188,695 | -€31,976 | ▼ 117% |
| Taxes670/3 | - | €284,096 | €139,472 | €192,526 | €2,011 | ▼ 99.0% |
| Tax adjustments and reversals of tax provisions77 | - | €101,624 | €180,631 | €3,832 | €33,987 | ▲ 787% |
| Profit (loss) for the period9904 | €530,675 | €463,575 | €165,558 | €1.4m | -€1.6m | ▼ 217% |
| Profit (loss) for the period to be appropriated9905 | €530,675 | €463,575 | €165,558 | €1.4m | -€1.6m | ▼ 217% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19.0m | €21.9m | €24.6m | €24.1m | €23.8m | ▼ 1.1% |
| Fixed assets21/28 | €4.0m | €3.1m | €2.9m | €3.7m | €5.3m | ▲ 42.5% |
| Intangible fixed assets21 | €356,552 | €521,215 | €487,440 | €528,227 | €358,004 | ▼ 32.2% |
| Tangible fixed assets22/27 | €2.0m | €2.4m | €2.3m | €3.2m | €4.9m | ▲ 55.0% |
| Land and buildings22 | - | €815,757 | €729,580 | €1.4m | €2.7m | ▲ 95.4% |
| Plant, machinery and equipment23 | - | €503,941 | €571,606 | €744,677 | €680,305 | ▼ 8.6% |
| Furniture and vehicles24 | - | €252,360 | €313,882 | €352,794 | €310,030 | ▼ 12.1% |
| Leasing and similar rights25 | - | €608,283 | €475,249 | €571,871 | €1.0m | ▲ 76.5% |
| Other tangible fixed assets26 | - | €230,012 | €184,559 | €138,034 | €93,577 | ▼ 32.2% |
| Assets under construction and advance payments27 | - | - | - | - | €151,229 | - |
| Financial fixed assets28 | €1.6m | €140,804 | €140,806 | €8,638 | €8,661 | ▲ 0.3% |
| Affiliated companies280/1 | - | €133,553 | €133,553 | €1,374 | €1,374 | = |
| Participating interests280 | - | €133,553 | €133,553 | €1,374 | €1,374 | = |
| Other financial fixed assets284/8 | - | €7,251 | €7,253 | €7,264 | €7,288 | ▲ 0.3% |
| Amounts receivable and cash guarantees285/8 | - | €7,251 | €7,253 | €7,264 | €7,288 | ▲ 0.3% |
| Current assets29/58 | €15.1m | €18.8m | €21.7m | €20.4m | €18.5m | ▼ 9.1% |
| Amounts receivable after more than one year29 | - | €2.6m | €2.0m | €2.0m | €2.0m | ▼ 0.2% |
| Other amounts receivable291 | - | €2.6m | €2.0m | €2.0m | €2.0m | ▼ 0.2% |
| Stocks and contracts in progress3 | €8.5m | €10.0m | €13.3m | €12.9m | €11.4m | ▼ 11.6% |
| Stocks30/36 | - | €10.0m | €13.3m | €12.9m | €11.4m | ▼ 11.6% |
| Raw materials and consumables30/31 | - | €5.5m | €7.9m | €7.6m | €6.7m | ▼ 12.7% |
| Work in progress32 | - | €1.5m | €1.8m | €1.8m | €1.7m | ▼ 6.0% |
| Finished goods33 | - | €1.7m | €2.2m | €2.1m | €2.2m | ▲ 3.1% |
| Goods purchased for resale34 | - | €1.3m | €1.4m | €1.4m | €919,627 | ▼ 34.6% |
| Amounts receivable within one year40/41 | €6.1m | €4.7m | €5.1m | €3.4m | €4.4m | ▲ 27.5% |
| Trade receivables40 | - | €4.5m | €4.0m | €2.6m | €4.1m | ▲ 55.8% |
| Other amounts receivable41 | - | €245,871 | €1.1m | €804,702 | €287,869 | ▼ 64.2% |
| Cash at bank and in hand54/58 | €221,869 | €971,630 | €527,769 | €1.4m | €150,823 | ▼ 88.9% |
| Deferred charges and accrued income490/1 | - | €555,538 | €730,633 | €660,555 | €570,220 | ▼ 13.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19.0m | €21.9m | €24.6m | €24.1m | €23.8m | ▼ 1.1% |
| Equity10/15 | €3.2m | €3.7m | €3.9m | €5.2m | €3.6m | ▼ 30.5% |
| Contributions10/11 | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | = |
| Capital10 | - | €3.2m | €3.2m | €3.2m | €3.2m | = |
| Issued capital100 | - | €3.2m | €3.2m | €3.2m | €3.2m | = |
| Reserves13 | €703,973 | €703,973 | €703,973 | €703,973 | €703,973 | = |
| Non-distributable reserves130/1 | - | €320,000 | €320,000 | €320,000 | €320,000 | = |
| Legal reserve130 | - | €320,000 | €320,000 | €320,000 | €320,000 | = |
| Tax-exempt reserves132 | - | €192,477 | €192,477 | €192,477 | €192,477 | = |
| Distributable reserves133 | - | €191,496 | €191,496 | €191,496 | €191,496 | = |
| Profit (loss) carried forward14 | -€654,443 | -€190,868 | -€25,310 | €1.3m | -€258,548 | ▼ 119% |
| Provisions and deferred taxes16 | €301,171 | €214,028 | €141,613 | €110,058 | €170,684 | ▲ 55.1% |
| Provisions for liabilities and charges160/5 | - | €214,028 | €141,613 | €110,058 | €170,684 | ▲ 55.1% |
| Pensions and similar obligations160 | - | €171,303 | €99,974 | €41,740 | €60,075 | ▲ 43.9% |
| Other liabilities and charges164/5 | - | €42,724 | €41,639 | €68,318 | €110,608 | ▲ 61.9% |
| Amounts payable17/49 | €15.5m | €17.9m | €20.6m | €18.7m | €20.0m | ▲ 6.8% |
| Amounts payable after more than one year17 | €1.7m | €2.1m | €1.7m | €682,563 | €1.1m | ▲ 54.6% |
| Financial debts170/4 | - | €1.8m | €1.5m | €417,063 | €789,520 | ▲ 89.3% |
| Leasing and similar obligations172 | - | €453,732 | €305,784 | €391,440 | €769,749 | ▲ 96.6% |
| Credit institutions173 | - | €253,325 | - | - | - | - |
| Other loans174 | - | €1.1m | €1.2m | €25,623 | €19,771 | ▼ 22.8% |
| Other amounts payable178/9 | - | €265,500 | €265,500 | €265,500 | €265,500 | = |
| Amounts payable within one year42/48 | €13.6m | €14.2m | €17.1m | €16.4m | €17.3m | ▲ 5.6% |
| Current portion of amounts payable after more than one year42 | - | €615,967 | €414,385 | €172,486 | €252,524 | ▲ 46.4% |
| Financial debts43 | - | €3.3m | €3.9m | €3.3m | €4.4m | ▲ 30.6% |
| Credit institutions430/8 | - | €2.0m | €2.5m | €2.0m | €2.8m | ▲ 41.9% |
| Other loans439 | - | €1.3m | €1.4m | €1.3m | €1.5m | ▲ 13.7% |
| Trade debts44 | €5.2m | €6.4m | €8.7m | €7.6m | €8.0m | ▲ 4.5% |
| Suppliers440/4 | - | €6.4m | €8.7m | €7.6m | €8.0m | ▲ 4.5% |
| Advances received on contracts in progress46 | - | €635,392 | €675,510 | €1.7m | €700,478 | ▼ 59.3% |
| Taxes, remuneration and social security45 | - | €3.2m | €3.3m | €3.4m | €3.7m | ▲ 7.8% |
| Taxes450/3 | - | €814,828 | €913,431 | €787,724 | €694,765 | ▼ 11.8% |
| Remuneration and social security454/9 | - | €2.3m | €2.4m | €2.6m | €3.0m | ▲ 13.7% |
| Other amounts payable47/48 | - | €99,683 | €107,030 | €101,279 | €327,050 | ▲ 223% |
| Accrued charges and deferred income492/3 | - | €1.7m | €1.7m | €1.7m | €1.7m | ▼ 1.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €530,675 | €463,575 | €165,558 | €1.4m | -€1.6m | ▼ 217% |
| + Depreciation and write-downs630 | €701,296 | €652,760 | €761,445 | €845,849 | €1.0m | ▲ 22.6% |
| Operating cash flow (approximation) | €1.2m | €1.1m | €927,003 | €2.2m | -€559,976 | ▼ 125% |
| Investment in fixed assets (approximation) | - | €247,968 | -€592,195 | -€1.7m | -€2.6m | ▼ 57.1% |
| Change in cash | - | €749,761 | -€443,862 | €827,986 | -€1.2m | ▼ 246% |
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
21-09
State Gazette act
Appointment: CDNZ RE (director)Permanent representatives: Guy Vande Vyvere and Jan Battheu · Resignations: Vybros Capital Partners (director) and CLIMATE DESIGNERS FOR NET ZERO (managing director) · Reappointment: CLIMATE DESIGNERS FOR NET ZERO (director)12 facts ▸
- General meeting, 04-09-2026
- Director appointment, CDNZ RE (director)
- Director appointment, CDNZ RE (managing director)
- Permanent representative, Guy Vande Vyvere (permanent representative)
- Permanent representative, Jan Battheu (permanent representative)
- Director resignation, Vybros Capital Partners (director)
- Director resignation, CLIMATE DESIGNERS FOR NET ZERO (managing director)
- Permanent representative, Jan Battheu (permanent representative)
- Permanent representative, Guy Vande Vyvere (permanent representative)
- Permanent representative, Jan Battheu (permanent representative)
- Director reappointment, CLIMATE DESIGNERS FOR NET ZERO (director)
- Director appointment, CDNZ RE (director)
Show earlier events
About the unread acts
Of the 20 Belgian State Gazette acts we know for this company, 1 has been read. The other 19 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Board 2
Day-to-day management 1
Permanent representatives 2
Not every act has been read: a resignation may be missing here
2 establishment units
3 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71402D0304/00E002 | Flanders | 6.6 ha | 1 · 3.8 ha | 14.0 m · 2 fl. |
| 44017D0849/00D000 | Flanders | 1.9 ha | 1 · 4,690 m² | 41.6 m · 2 fl. |
| 71403E0040/00V000 | Flanders | 1.3 ha | - | - |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| CLIMATE DESIGNERS FOR NET ZERO |
|
| CDNZ RE |
|
| Vybros Capital Partners |
|
Structure & network
Owners and holdings
2 owners · 2 holdingsChain of control
- LICOMA
- JAGA
Highest known parent: LICOMA. The sources do not say who stands above it.
Owners 2
- LICOMAparent59.4%
-
100%
Holdings 2
-
100%
-
50%
According to the 2024 annual accounts of JAGA and those 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
2 current directorsThe group is listed under Ownership & control below; here you explore it as a network.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 346,159 EUR awarded · 162,361 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 198,700 EUR | 14,902 EUR |
| 2024 | 2 | 29,212 EUR | 29,212 EUR |
| 2023 | 2 | 82,820 EUR | 82,820 EUR |
| 2022 | 2 | 35,427 EUR | 35,427 EUR |
Recognitions · licences · registrations
Dual-learning approval
1 endedLegal Entity Identifier
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.