Active BE 0688.902.908Private limited company

JAGECA-IMMO

Bosweg 6 ·2220 Heist-op-den-Berg, Belgium· 8 yrs active

Conclusion Checked

JAGECA-IMMO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-32k) and a net result of €19k. Equity is growing by ~16.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€-32k
Net result	€19k
Active	8 yrs
Locations	1

Financial profile 5 of 5 axes measured · computed by Checked

45 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 16

Profitability 0

Solvency 33

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.3% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2018, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

16 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score history

20 2020

26 2021

16 2022

16 2023

8 2024

16 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.13 (< 1.0) -10

Quick ratio Quick ratio 0.13 (< 0.6) -5

Equity Negative equity -25

Profitability Negatieve ROE -60% -10

Interest coverage Interest coverage 4.0× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview7 NBB filings

Annual accounts filed on 29-06-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~16.9%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€126k

+35.9% 20-25

Net profit

€19k

+104.9% 20-25

Cash flow

€94k

+33.5% 20-25

Total assets

€1.36M

+7.1% 20-25

Equity

€-32k

+37.7% 20-25

Working capital

€-173k

+14.9% 20-25

Debt

€1.40M

+5.3% 20-25

Debt ≤ 1y

€199k

-37.5% 20-25

Debt > 1y

€1.19M

+19.0% 20-25

Current ratio

0.13

-64.5% 20-25

Quick ratio

0.13

-64.5% 20-25

Solvency

-2.4%

+41.8% 20-25

Debt / equity

-43.36

-69.0% 20-25

ROE

-60.4%

-228.7% 20-25

ROA

1.4%

+91.4% 20-25

Interest coverage

3.98

-5.5% 20-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	€126k	€92k	€94k	€93k	€82k
Net profit	€19k	€9k	€15k	€10k	€-1k
Cash flow	€94k	€70k	€74k	€72k	€60k
Staff costs	-	-	-	-	-
Income taxes	-	-	-	-	-
Dividends	-	-	-	-	-
Total assets	€1.36M	€1.27M	€1.08M	€1.13M	€1.18M
Equity	€-32k	€-52k	€-61k	€-76k	€-86k
Debt	€1.40M	€1.33M	€1.14M	€1.21M	€1.27M
of which ≤ 1y	€199k	€318k	€182k	€189k	€198k
of which > 1y	€1.19M	€999k	€952k	€1.01M	€1.07M
Working capital	€-173k	€-204k	€-160k	€-175k	€-189k
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	0.13	0.36	0.12	0.07	0.04
Quick ratio	0.13	0.36	0.12	0.07	0.04
Working capital ratio	-12.7%	-16.0%	-14.8%	-15.5%	-16.0%
Solvency	-2.4%	-4.1%	-5.7%	-6.8%	-7.3%
Debt / equity	-43.36	-25.66	-18.69	-15.81	-14.72
Long-term debt ratio	-36.91	-19.33	-15.56	-13.26	-12.38
Interest coverage	3.98	4.21	4.71	4.41	3.71
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	1.4%	0.7%	1.4%	0.9%	-0.1%
ROE	-60.4%	-18.4%	-24.6%	-13.3%	1.7%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €1.34M · 98.1% Current assets €25k · 1.9%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.36M	€1.27M	€1.08M	€1.13M	€1.18M
Fixed assets	21/28	€1.34M	€1.16M	€1.06M	€1.11M	€1.17M
Formation expenses	20	€0	€0	-	€232	€3k
Tangible fixed assets	22/27	€1.34M	€1.16M	€1.06M	€1.11M	€1.17M
Financial fixed assets	28	€250	-	-	-	-
Current assets	29/58	€25k	€114k	€22k	€14k	€8k
Amounts receivable within one year	40/41	€73	-	-	-	-
Investments	50/53	-	-	€22k	€13k	€8k
Cash & bank	54/58	€25k	€113k	-	-	-
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.36M	€1.27M	€1.08M	€1.13M	€1.18M
Equity	10/15	€-32k	€-52k	€-61k	€-76k	€-86k
Contributions / capital	10/11	€19k	€19k	€19k	€19k	€19k
Accumulated profits (losses)	14	€-51k	€-70k	€-80k	€-95k	€-105k
Amounts payable	17/49	€1.40M	€1.33M	€1.14M	€1.21M	€1.27M
Amounts payable after one year	17	€1.19M	€999k	€952k	€1.01M	€1.07M
Amounts payable within one year	42/48	€199k	€318k	€182k	€189k	€198k
Trade debts payable within one year	44	€1k	€18k	€1k	€1k	€1k
Income statement
Gross operating margin	9900	€131k	€98k	€99k	€98k	€86k
Operating result	9901	€51k	€31k	€35k	€31k	€21k
Financial charges	65	€32k	€22k	€20k	€21k	€22k
Result before taxes	9903	€19k	€9k	€15k	€10k	€-1k
Net result for the period	9904	€19k	€9k	€15k	€10k	€-1k
Result to be appropriated	9905	€19k	€9k	€15k	€10k	€-1k

Directors & mandates 3 directors

Former directors (3)

BUSSELS Jaak Eric Martin
Director
State Gazette act 23425452 (13-11-2023)

Former
- → 13-11-2023
COLOGNE Geert
Director
State Gazette act 23425452 (13-11-2023)

Former
- → 13-11-2023
VAN DEN BOSCH Carolus Franciscus Marcus
Director
State Gazette act 23425452 (13-11-2023)

Former
- → 13-11-2023

Legal Structure

NACE primary	-
Legal form	Private limited company(610)
Incorporation	25-01-2018
Status	Active
Postal code	2220

Establishment units 1 location

JAGECA-IMMO

Bosweg 6, 2220 Heist-op-den-BergRenting and operating of own or leased residential real estate, excluding social housing

since 20182.272.960.517

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12322H0039/00T002	Flanders	4,006 m²	1 · 294 m²	8.1 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 8 events

All 10Financial 2Gazette 1Filings 7

Next filing, fiscal year 2026, expected by 31-07-2027

2026

29-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Highest result since 2020net €19k ▲105%

Operating result €51k, net result €19k, both a record.

17-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

01-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

13-11

State Gazette act Director changes

Rita Heylen

28-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Back to profitnet €10k

Net result €10k after 2 loss-making years.

02-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 2 days late

2021

28-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

12-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 104 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

13-11-2023 3 resigning, 3 reappointed Director changes·Rita Heylen

VAN DEN BOSCH Carolus Franciscus Marcus, Bestuurder
BUSSELS Jaak Eric Martin, Bestuurder
COLOGNE Geert, Bestuurder
VAN DEN BOSCH Carolus Franciscus Marcus, Bestuurder
BUSSELS Jaak Eric Martin, Bestuurder
COLOGNE Geert, Bestuurder

Notary: Rita Heylen · Heist-op-den-Berg

Original publication ↗

Technical details

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    "kbo": "0688.902.908",
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}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Names & trade names

Legal nameNL

JAGECA-IMMO