JAGRO
ActiveSummary
JAGRO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €145,936 and a net result of €35,767. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 14% of 7967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▲+46
Solvency37▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.88 against 0.86 in 2024; short-term debt: 57.6% and cash: 6.5% of total assets), and 87.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.3%
Return on assets
3%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7967 sector peers (2025).
NBB · sector comparisonPosition among 7967 sector peers
Solvency
better than 14%
← weakest
strongest →
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 16-07-2026, 15 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
15 d early
2024
25 d late
2023
12 d early
2022
31 d late
2021
25 d late
2020
31 d late
2019
64 d early
← 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 3 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 25 August (4 of the last 5 filed years within 36 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 2025, abbreviated schema
Equity
€145,936▲ 32.5%
2024 · €110,169
Total assets
€1.2m▼ 16.2%
2024 · €1.4m
Net result
€35,767
2024 · -€164,880
Working capital
-€84,271▲ 34.1%
2024 · -€127,923
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€38,607▼ 18.9%€145,822▲ 278%€100,159▼ 31.3%-€125,932€42,851
Net result€19,125within the sector's middle half▼ 35.0%€117,416within the sector's middle half▲ 514%€54,530within the sector's middle half▼ 53.6%-€164,880below the sector's middle half€35,767within the sector's middle half
Equity€103,103below the sector's middle half▲ 22.8%€220,519within the sector's middle half▲ 114%€275,049within the sector's middle half▲ 24.7%€110,169below the sector's middle half▼ 59.9%€145,936within the sector's middle half▲ 32.5%
Total assets€1.2mwithin the sector's middle half▲ 131%€1.3mwithin the sector's middle half▲ 8.7%€1.5mwithin the sector's middle half▲ 15.0%€1.4mwithin the sector's middle half▼ 4.1%€1.2mwithin the sector's middle half▼ 16.2%
Debt€1.1m▲ 152%€1.1m▼ 1.4%€1.2m▲ 12.9%€1.3m▲ 8.7%€1.0m▼ 20.3%
Working capital-€58,313below the sector's middle half€11,177below the sector's middle half€51,687within the sector's middle half▲ 362%-€127,923below the sector's middle half-€84,271below the sector's middle half▲ 34.1%
Solvency8.7%below the sector's middle half▼ 7.7pp17.2%below the sector's middle half▲ 8.4pp18.6%below the sector's middle half▲ 1.5pp7.8%below the sector's middle half▼ 10.9pp12.3%below the sector's middle half▲ 4.5pp
Current ratio0.89below the sector's middle half▼ 0.361.02below the sector's middle half▲ 0.141.07below the sector's middle half▲ 0.050.86below the sector's middle half▼ 0.210.88below the sector's middle half▲ 0.02
Return on assets (ROA)1.6%within the sector's middle half▼ 4.1pp9.1%within the sector's middle half▲ 7.5pp3.7%within the sector's middle half▼ 5.5pp-11.7%below the sector's middle half▼ 15.3pp3.0%within the sector's middle half▲ 14.7pp
Staff (FTE)0.3below the sector's middle half1.6below the sector's middle half▲ 433%1.3below the sector's middle half▼ 18.8%2.4within the sector's middle half▲ 84.6%1.8below the sector's middle half▼ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 returns to profit in 2025: €42,851 after a loss of €125,932 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€587,739 ▼ 8.4%
Current assets
€598,608 ▼ 22.6%
Equity and liabilities €1.2m
Equity
€145,936 ▲ 32.5%
Debt
€1.0m ▼ 20.3%
Debt's share of the balance-sheet total falls from 92.2% to 87.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€102,008▲
2024 · -€66,954
Cash flow
€94,924▲
2024 · -€105,902
Quick ratio
0.68▲
2024 · 0.57
Debt to equity
7.13▼
2024 · 11.84
ROE
24.5%▲
2024 · -149.7%
Interest coverage
3.26▲
2024 · -1.55
Debt ≤ 1 year
€682,879▼
2024 · €901,698
Debt > 1 year
€357,532▼
2024 · €401,703
Staff costs
€112,997▲
2024 · €111,518
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,275 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.5%
went bankrupt
2.5%
stopped otherwise
95%
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 1.0% 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 3,275 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €13,388 | €88,409 | €76,890 | €111,518 | €112,997 | ▲ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,706 | €54,584 | €61,923 | €58,978 | €59,157 | ▲ 0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1,807 | -€1,807 | €15,516 | ▲ 959% |
| Other operating charges640/8 | €2,821 | €2,848 | €10,666 | €4,133 | €5,244 | ▲ 26.9% |
| Non-recurring operating charges66A | €2,911 | €0 | €620 | €9,071 | €13,677 | ▲ 50.8% |
| Gross operating margin9900 | €97,433 | €291,663 | €252,065 | €55,961 | €249,442 | ▲ 346% |
| Operating profit (loss)9901 | €38,607 | €145,822 | €100,159 | -€125,932 | €42,851 | ▲ 134% |
| Financial income75/76B | €362 | €1,423 | €2,501 | €4,129 | €24,166 | ▲ 485% |
| Recurring financial income75 | €362 | €1,423 | €2,501 | €4,129 | €24,166 | ▲ 485% |
| Financial charges65/66B | €19,844 | €23,367 | €27,964 | €43,077 | €31,250 | ▼ 27.5% |
| Recurring financial charges65 | €19,844 | €23,367 | €27,964 | €43,077 | €31,250 | ▼ 27.5% |
| Profit (loss) for the period before taxes9903 | €19,125 | €123,879 | €74,696 | -€164,880 | €35,767 | ▲ 122% |
| Income taxes67/77 | €0 | €6,463 | €20,166 | €0 | - | - |
| Profit (loss) for the period9904 | €19,125 | €117,416 | €54,530 | -€164,880 | €35,767 | ▲ 122% |
| Profit (loss) for the period to be appropriated9905 | €19,125 | €117,416 | €54,530 | -€164,880 | €35,767 | ▲ 122% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.3m | €1.5m | €1.4m | €1.2m | ▼ 16.2% |
| Fixed assets21/28 | €728,645 | €744,814 | €699,114 | €641,346 | €587,739 | ▼ 8.4% |
| Intangible fixed assets21 | €123,424 | €105,010 | €86,596 | €68,183 | €49,769 | ▼ 27.0% |
| Tangible fixed assets22/27 | €599,121 | €638,204 | €610,917 | €571,563 | €536,371 | ▼ 6.2% |
| Land and buildings22 | €579,538 | €568,108 | €543,932 | €519,756 | €495,580 | ▼ 4.7% |
| Plant, machinery and equipment23 | €6,530 | €8,397 | €4,095 | €4,023 | €6,175 | ▲ 53.5% |
| Furniture and vehicles24 | €13,053 | €26,087 | €17,278 | €20,462 | €15,351 | ▼ 25.0% |
| Leasing and similar rights25 | - | €35,612 | €45,612 | €27,323 | €19,265 | ▼ 29.5% |
| Other tangible fixed assets26 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €6,100 | €1,600 | €1,600 | €1,600 | €1,600 | = |
| Current assets29/58 | €451,917 | €538,600 | €776,230 | €773,775 | €598,608 | ▼ 22.6% |
| Stocks and contracts in progress3 | €158,751 | €135,573 | €170,525 | €260,041 | €132,500 | ▼ 49.0% |
| Stocks30/36 | €94,988 | €110,573 | €135,525 | €135,458 | €121,031 | ▼ 10.7% |
| Contracts in progress37 | €63,763 | €25,000 | €35,000 | €124,583 | €11,469 | ▼ 90.8% |
| Amounts receivable within one year40/41 | €149,164 | €178,639 | €329,793 | €421,505 | €382,632 | ▼ 9.2% |
| Trade receivables40 | €117,865 | €154,317 | €299,417 | €364,316 | €351,571 | ▼ 3.5% |
| Other amounts receivable41 | €31,299 | €24,322 | €30,375 | €57,189 | €31,061 | ▼ 45.7% |
| Cash at bank and in hand54/58 | €141,018 | €220,075 | €271,528 | €77,260 | €76,713 | ▼ 0.7% |
| Deferred charges and accrued income490/1 | €2,985 | €4,313 | €4,384 | €14,969 | €6,763 | ▼ 54.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.3m | €1.5m | €1.4m | €1.2m | ▼ 16.2% |
| Equity10/15 | €103,103 | €220,519 | €275,049 | €110,169 | €145,936 | ▲ 32.5% |
| Contributions10/11 | €35,000 | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Reserves13 | €68,103 | €185,519 | €240,049 | €75,169 | €110,936 | ▲ 47.6% |
| Distributable reserves133 | €68,103 | €185,519 | €240,049 | €75,169 | €110,936 | ▲ 47.6% |
| Amounts payable17/49 | €1.1m | €1.1m | €1.2m | €1.3m | €1.0m | ▼ 20.3% |
| Amounts payable after more than one year17 | €545,036 | €535,472 | €475,752 | €401,703 | €357,532 | ▼ 11.0% |
| Financial debts170/4 | €545,036 | €535,472 | €475,752 | €401,703 | €357,532 | ▼ 11.0% |
| Amounts payable within one year42/48 | €510,230 | €527,423 | €724,543 | €901,698 | €682,879 | ▼ 24.3% |
| Current portion of amounts payable after more than one year42 | €60,410 | €72,823 | €76,959 | €73,339 | €43,087 | ▼ 41.3% |
| Financial debts43 | €150,000 | €225,000 | €325,000 | €350,000 | €329,709 | ▼ 5.8% |
| Credit institutions430/8 | €150,000 | €225,000 | €325,000 | €350,000 | €329,709 | ▼ 5.8% |
| Trade debts44 | €284,884 | €198,481 | €285,377 | €456,285 | €307,589 | ▼ 32.6% |
| Suppliers440/4 | €284,884 | €198,481 | €285,377 | €456,285 | €307,589 | ▼ 32.6% |
| Advances received on contracts in progress46 | €0 | €583 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €12,143 | €26,115 | €35,401 | €20,242 | €663 | ▼ 96.7% |
| Taxes450/3 | €7,783 | €12,770 | €22,574 | €13,952 | €611 | ▼ 95.6% |
| Remuneration and social security454/9 | €4,360 | €13,346 | €12,827 | €6,290 | €52 | ▼ 99.2% |
| Other amounts payable47/48 | €2,794 | €4,421 | €1,806 | €1,832 | €1,832 | = |
| Accrued charges and deferred income492/3 | €22,193 | €0 | - | €1,550 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,125 | €117,416 | €54,530 | -€164,880 | €35,767 | ▲ 122% |
| + Depreciation and write-downs630 | €39,706 | €54,584 | €61,923 | €58,978 | €59,157 | ▲ 0.3% |
| Operating cash flow (approximation) | €58,831 | €172,001 | €116,453 | -€105,902 | €94,924 | ▲ 190% |
| Investment in fixed assets (approximation) | - | -€70,753 | -€16,223 | -€1,210 | -€5,550 | ▼ 359% |
| Change in cash | - | €79,058 | €51,453 | -€194,268 | -€547 | ▲ 99.7% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €35,767
Net result €35,767 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet -€164,880
Net result drops to -€164,880, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2019net €117,416 ▲514%
Operating result €145,822, net result €117,416, both a record.
31-12
Financial
Equity above €200,000Eq €220,519 ▲114%
4 profitable years in a row build equity to €220,519.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
31-12
Financial
Equity above €100,000Eq €103,103 ▲22.8%
3 profitable years in a row build equity to €103,103.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Waregem · 1 establishment unit since 2018
Ground area
8,552 m²
Building footprint
2,036 m²
Volume, LiDAR
3,770 m³
Parcel 34040C1466/00A000, Flanders · tallest building 23.7 m. Linked by address, not a title deed.
1 establishment unit
JAGRO
since 20182.279.827.820
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1466/00A000 | Flanders | 8,552 m² | 1 · 2,036 m² | 23.7 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.
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Of 3,959 companies in sector 43331 we hold annual accounts for 1,787. 1,481 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
Founded17-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43331Floor and wall tiling
47523Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0704644721
Also
9925:BE0704644721
Registered
31-10-2023
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.