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JALCOS

Active
Public limited companyfounded 200224 yrs activeZinkvalstraat 5, 2630 Aartselaar, BelgiumKBO/BCE: BE 0477.516.746
Summary

JALCOS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2.6m) and a net result of -€119,685. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 5% of 1766 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
44 / 100
Weak
Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▲+2
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.06 in 2024; short-term debt: 183.2% and cash: 9.3% of total assets), and equity is negative.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 24 years 0 30 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
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 2025
Solvency, return and age of the figures
Solvency
-83.2%
Return on assets
-3.8%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€2.6m
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 08-05-2026, 84 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
84 d early
2024
108 d early
2023
41 d early
2022
20 d early
2021
62 d early
2020
50 d early
2019
1 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 52 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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 30 May (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

JALCOS was incorporated on 13 May 2002.1 The board currently has 2 members; Ludwig CRIEL has served longest, since 2026.2 Total assets went from EUR 2.9 million in 2018 to EUR 3.2 million in 2025 and headcount from 6.6 to 5.8 full-time equivalents.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 05-06-2026
  3. 3National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€2.6m▼ 4.8%
2024 · -€2.5m
Total assets
€3.2m▼ 5.1%
2024 · €3.3m
Net result
-€119,685▲ 35.2%
2024 · -€184,778
Working capital
-€5.3m▲ 2.9%
2024 · -€5.5m
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 01, Crop and animal production, hunting and related service 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€512,673▲ 133%-€6,915-€111,118▼ 1,507%-€184,752▼ 66.3%-€120,661▲ 34.7%
Net result€512,637above the sector's middle half▲ 133%-€7,064within the sector's middle half-€114,695below the sector's middle half▼ 1,524%-€184,778below the sector's middle half▼ 61.1%-€119,685below the sector's middle half▲ 35.2%
Equity-€2.2mbelow the sector's middle half▲ 18.9%-€2.2mbelow the sector's middle half▼ 0.3%-€2.3mbelow the sector's middle half▼ 5.2%-€2.5mbelow the sector's middle half▼ 8.0%-€2.6mbelow the sector's middle half▼ 4.8%
Total assets€3.9mabove the sector's middle half▲ 18.4%€3.8mabove the sector's middle half▼ 1.9%€3.5mabove the sector's middle half▼ 7.1%€3.3mwithin the sector's middle half▼ 5.9%€3.2mwithin the sector's middle half▼ 5.1%
Debt€6.1m▲ 1.5%€6.0m▼ 1.1%€5.9m▼ 2.6%€5.8m▼ 0.4%€5.8m▼ 0.9%
Working capital-€5.5mbelow the sector's middle half▲ 7.1%-€5.3mbelow the sector's middle half▲ 2.2%-€5.4mbelow the sector's middle half▼ 0.7%-€5.5mbelow the sector's middle half▼ 2.4%-€5.3mbelow the sector's middle half▲ 2.9%
Solvency-56.7%below the sector's middle half▲ 26.1pp-58.0%below the sector's middle half▼ 1.3pp-65.6%below the sector's middle half▼ 7.6pp-75.3%below the sector's middle half▼ 9.7pp-83.2%below the sector's middle half▼ 7.9pp
Current ratio0.10below the sector's middle half▲ 0.080.11below the sector's middle half▲ 0.010.08below the sector's middle half▼ 0.030.06below the sector's middle half▼ 0.030.08below the sector's middle half▲ 0.02
Return on assets (ROA)13.2%above the sector's middle half▲ 6.5pp-0.2%within the sector's middle half▼ 13.4pp-3.2%below the sector's middle half▼ 3.1pp-5.6%below the sector's middle half▼ 2.3pp-3.8%below the sector's middle half▲ 1.8pp
Staff (FTE)4.6within the sector's middle half=4.6within the sector's middle half=4.6within the sector's middle half=4.6within the sector's middle half=5.8within the sector's middle half▲ 26.1%
above within below the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000€600,000Operating result 2021: €512,673€512,673Net result 2021: €512,637€512,637Operating result 2022: -€6,915-€6,915Net result 2022: -€7,064-€7,064Operating result 2023: -€111,118-€111,118Net result 2023: -€114,695-€114,695Operating result 2024: -€184,752-€184,752Net result 2024: -€184,778-€184,778Operating result 2025: -€120,661-€120,661Net result 2025: -€119,685-€119,68520212022202320242025-€200,000-€150,000-€100,000-€50,000€0Operating result 2023: -€111,118-€111,000Net result 2023: -€114,695-€115,000Operating result 2024: -€184,752-€185,000Net result 2024: -€184,778-€185,000Operating result 2025: -€120,661-€121,000Net result 2025: -€119,685-€120,000202320242025
The operating result stays negative: a loss of €120,661 in 2025 against €184,752 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets €2.7m ▼ 9.3%
Current assets €435,737 ▲ 33.0%
Key figures and ratios
2025 value · change against 2024
EBITDA
€193,035▲
2024 · €155,078
Cash flow
€194,011▲
2024 · €155,053
Debt to equity
-2.20▲
2024 · -2.33
Interest coverage
657.68▼
2024 · 1231.17
Debt ≤ 1 year
€5.8m▼
2024 · €5.8m
Income taxes
€0▲
2024 · -€100
Staff costs
€197,578▲
2024 · €154,346
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,795 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a small loss
2.1% went bankrupt
6.0% stopped otherwise
90% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 2,795 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€3.3m€3.2m▼
Fixed assets21/28€3.0m€2.7m▼
Tangible fixed assets22/27€3.0m€2.7m▼
Land and buildings22€2.3m€2.1m▼
Plant, machinery and equipment23€46,198€50,020▲
Furniture and vehicles24€342,331€287,922▼
Other tangible fixed assets26€270,354€220,332▼
Assets under construction and advance payments27€27,547€25,876▼
Financial fixed assets28€560€560=
Current assets29/58€327,521€435,737▲
Amounts receivable within one year40/41€88,753€132,963▲
Trade receivables40€46,300€112,512▲
Other amounts receivable41€42,453€20,451▼
Cash at bank and in hand54/58€220,429€293,653▲
Deferred charges and accrued income490/1€18,339€9,120▼
Equity and liabilities
Total equity and liabilities10/49€3.3m€3.2m▼
Equity10/15-€2.5m-€2.6m▼
Contributions10/11€203,500€203,500=
Capital10€203,500€203,500=
Issued capital100€203,500€203,500=
Profit (loss) carried forward14-€2.7m-€2.8m▼
Amounts payable17/49€5.8m€5.8m▼
Amounts payable within one year42/48€5.8m€5.8m▼
Trade debts44€55,227€34,018▼
Suppliers440/4€55,227€34,018▼
Taxes, remuneration and social security45€12,949€16,420▲
Taxes450/3€8€8=
Remuneration and social security454/9€12,940€16,411▲
Other amounts payable47/48€5.8m€5.7m▼
Accrued charges and deferred income492/3-€478
Income statement Code20242025
Non-recurring operating income76A€135,400€60,259▼
Remuneration, social security and pensions62€154,346€197,578▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€339,831€313,696▼
Other operating charges640/8€12,836€13,473▲
Non-recurring operating charges66A€58,400€0▼
Gross operating margin9900€380,660€404,086▲
Operating profit (loss)9901-€184,752-€120,661▲
Financial income75/76B€0€1,269▲
Recurring financial income75€0€1,269▲
Financial charges65/66B€126€294▲
Recurring financial charges65€126€294▲
Profit (loss) for the period before taxes9903-€184,878-€119,685▲
Income taxes67/77-€100€0▲
Profit (loss) for the period9904-€184,778-€119,685▲
Profit (loss) for the period to be appropriated9905-€184,778-€119,685▲
Appropriation of the result
Profit (loss) to be appropriated9906-€2.7m-€2.8m▼
Profit (loss) brought forward from the previous period14P-€2.5m-€2.7m▼
Social balance
Average headcount (FTE)90874.65.8▲

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A€33,585€67,270€48,850€135,400€60,259▼ 55.5%
Remuneration, social security and pensions62€139,547€141,097€150,098€154,346€197,578▲ 28.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€326,068€260,537€274,653€339,831€313,696▼ 7.7%
Other operating charges640/8€8,525€10,770€39,159€12,836€13,473▲ 5.0%
Non-recurring operating charges66A€150,000€0-€58,400€0▼ 100%
Gross operating margin9900€1.1m€405,490€352,792€380,660€404,086▲ 6.2%
Operating profit (loss)9901€512,673-€6,915-€111,118-€184,752-€120,661▲ 34.7%
Financial income75/76B€84€22€0€0€1,269-
Recurring financial income75€84€22€0€0€1,269-
Financial charges65/66B€119€171€3,477€126€294▲ 133%
Recurring financial charges65€119€171€3,477€126€294▲ 133%
Profit (loss) for the period before taxes9903€512,637-€7,064-€114,595-€184,878-€119,685▲ 35.3%
Income taxes67/77--€100-€100€0▲ 100%
Profit (loss) for the period9904€512,637-€7,064-€114,695-€184,778-€119,685▲ 35.2%
Profit (loss) for the period to be appropriated9905€512,637-€7,064-€114,695-€184,778-€119,685▲ 35.2%
Line20212022202320242025Change
Assets
Total assets20/58€3.9m€3.8m€3.5m€3.3m€3.2m▼ 5.1%
Fixed assets21/28€3.3m€3.1m€3.1m€3.0m€2.7m▼ 9.3%
Tangible fixed assets22/27€3.3m€3.1m€3.1m€3.0m€2.7m▼ 9.3%
Land and buildings22€2.6m€2.6m€2.5m€2.3m€2.1m▼ 7.6%
Plant, machinery and equipment23€16,868€12,974€55,115€46,198€50,020▲ 8.3%
Furniture and vehicles24€1,045€633€108,327€342,331€287,922▼ 15.9%
Other tangible fixed assets26€601,333€477,790€410,511€270,354€220,332▼ 18.5%
Assets under construction and advance payments27€31,248€24,495€27,645€27,547€25,876▼ 6.1%
Financial fixed assets28€960€960€960€560€560=
Current assets29/58€619,155€672,169€480,227€327,521€435,737▲ 33.0%
Amounts receivable within one year40/41€38,353€48,413€73,865€88,753€132,963▲ 49.8%
Trade receivables40€38,353€48,413€60,932€46,300€112,512▲ 143%
Other amounts receivable41€0-€12,933€42,453€20,451▼ 51.8%
Cash at bank and in hand54/58€575,349€615,350€401,051€220,429€293,653▲ 33.2%
Deferred charges and accrued income490/1€5,453€8,406€5,311€18,339€9,120▼ 50.3%
Equity and liabilities
Total equity and liabilities10/49€3.9m€3.8m€3.5m€3.3m€3.2m▼ 5.1%
Equity10/15-€2.2m-€2.2m-€2.3m-€2.5m-€2.6m▼ 4.8%
Contributions10/11€203,500€203,500€203,500€203,500€203,500=
Capital10€203,500€203,500€203,500€203,500€203,500=
Issued capital100€203,500€203,500€203,500€203,500€203,500=
Profit (loss) carried forward14-€2.4m-€2.4m-€2.5m-€2.7m-€2.8m▼ 4.4%
Amounts payable17/49€6.1m€6.0m€5.9m€5.8m€5.8m▼ 0.9%
Amounts payable within one year42/48€6.1m€6.0m€5.9m€5.8m€5.8m▼ 0.9%
Trade debts44€133,877€65,977€45,626€55,227€34,018▼ 38.4%
Suppliers440/4€133,877€65,977€45,626€55,227€34,018▼ 38.4%
Taxes, remuneration and social security45€31,603€17,779€12,675€12,949€16,420▲ 26.8%
Taxes450/3€20,166€6,281€109€8€8=
Remuneration and social security454/9€11,437€11,499€12,567€12,940€16,411▲ 26.8%
Other amounts payable47/48€5.9m€5.9m€5.8m€5.8m€5.7m▼ 0.6%
Accrued charges and deferred income492/3€803€650€0-€478-
Line20212022202320242025Change
Profit (loss) for the period9904€512,637-€7,064-€114,695-€184,778-€119,685▲ 35.2%
+ Depreciation and write-downs630€326,068€260,537€274,653€339,831€313,696▼ 7.7%
Operating cash flow (approximation)€838,705€253,474€159,958€155,053€194,011▲ 25.1%
Investment in fixed assets (approximation)--€133,809-€198,194-€282,598-€35,240▲ 87.5%
Change in cash-€40,001-€214,299-€180,621€73,224▲ 141%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
05-06
State Gazette act Reappointments: Ludwig CRIEL (director) and Yasmine JANSSEN (director)
Power of attorney12 facts ▸
  • General meeting, 30-04-2026
  • Director reappointment, Ludwig CRIEL (director)
  • Director reappointment, Yasmine JANSSEN (director)
  • Board composition, Ludwig CRIEL (director)
  • Board composition, Yasmine JANSSEN (director)
  • Power of attorney, VGD Accountants en Belastingconsulenten
  • Power of attorney, Kathleen SELLESLAGH
  • Power of attorney, Neelke DE VRIENDT
  • Board meeting, 30-04-2026
  • Director reappointment, Ludwig CRIEL (managing director)
  • Director reappointment, Yasmine JANSSEN (managing director)
  • Other statement, voting result of board decisions, eenparigheid van stemmen
08-05
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-04
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Weakest financial yearnet -€184,778
Net result drops to -€184,778, the lowest in the series; recovery starts the following year.
20-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-05
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Highest result since 2018net €512,637 ▲133%
Operating result €512,673, net result €512,637, both a record.
11-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Back to profitnet €18,094
Net result €18,094 after one loss-making year.
30-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-09
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
30-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts

Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
2 directors, 2 in day-to-day management, last change in 2026

Board 2

Ludwig CRIEL
Director · since 30-04-2026
Current
Yasmine JANSSEN
Director · since 30-04-2026
Current

Day-to-day management 2

Ludwig CRIEL
Managing director · since 30-04-2026
Current
Yasmine JANSSEN
Managing director · since 30-04-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Aartselaar · 2 establishment units since 2002
seat establishment All 2 establishment units on the map
Ground area
4,688 m²
Building footprint
464 m²
Volume, LiDAR
2,480 m³
2 parcels, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
2 establishment units
JALCOS NV
Zinkvalstraat 5, 2630 AartselaarNACE 7012001
since 20022.096.196.427
Bemortel
Bemortel 21-23, 2860 Sint-Katelijne-WaverRaising of horses and other equines
since 20102.282.365.953
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12035A0305/00P002 Flanders 2,551 m² 1 · 187 m² 8.2 m · 2 fl.
11372A0238/00A000 Flanders 2,137 m² 1 · 277 m² 10.5 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

2 people since 2026, 2 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Ludwig CRIEL
  • Director, already before 30-04-2026 to date
  • Managing director, already before 30-04-2026 to date
Yasmine JANSSEN
  • Director, already before 30-04-2026 to date
  • Managing director, already before 30-04-2026 to date
See the board, name and seat on a given date →

Structure & network

Connections & network

12 connected companies
Linked via shared directors
Show 8 more companies with a shared director
RSA INVEST
via Ludwig CRIEL · Director
→
BANQUE DEGROOF PETERCAM
via Ludwig CRIEL · Administrateur non exécutif
former→
former→
CMB.TECH
via Ludwig CRIEL · Director
former→
EXMAR
via Ludwig CRIEL · Director
former→
former→

Ownership & control

1 board mandate
Board mandates of this companythis company sits on their board1
1 location

Similar companies · same sector, comparable size

Of 1,705 companies in sector 01480 we hold annual accounts for 161. 26 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded13-05-2002
Fiscal year end31-12
Activities, NACEBEL 2025
01480Raising of other animals
68110Buying and selling of own real estate
52210Service activities incidental to land transportation
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID 0208:0477516746
Also 9925:BE0477516746
Registered 26-03-2025

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.