Equity
JAMABEL has made a profit without a break since 2022.
JAMABEL has made a profit without a break since 2022.
The accounts state no turnover.
Green is investment, beige is depreciation. Land and buildings stand 24.9% higher than in 2024.
The 2019 accounts came 41 days late. The other nine of the last ten were filed on time.
Less equity than 83% of companies in advertising and market research. Sector median €506,794 · 847 companies.
The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 31% of them on solvency, 16% on liquidity, 88% on profitability and 96% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 3,818 companies had the same profile as JAMABEL has now. Each dot stands for 10 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JAMABEL itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,818 companies, not a prediction for JAMABEL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.61 (0.29 in 2024), below 1. Short-term debt is 74% and cash 16.4% of total assets. 74% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 29 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| JAMABEL Braine-le-Château | €101,379 | €53,466 | 26.0% | - |
| CUMPS Ottignies-Louvain-la-Neuve | €89,532 | €35,209 | 70.1% | - |
| CONSULTAN'C Waterloo | €155,103 | €49,960 | 96.9% | - |
| MARTECH INTERNATIONAL Rixensart | €88,042 | €38,475 | 46.5% | - |
| BUREAU EURO CONSULT J-C Wavre | €63,454 | €53,171 | 33.0% | - |
| AHEAD Saint-Josse-ten-Noode | €130,525 | €69,812 | 60.8% | - |
| CROSS ET CABLE Brussels | €80,036 | €74,550 | 100.0% | - |
These companies have the same main activity as JAMABEL: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €63,500 and €155,000, founded between 1987 and 1992.
Solvency rose in 2025 from -24.9% to 26.0% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €100,000 and €200,000.
Higher than 34% of 846 companies in 2025.
Higher than 17% of 813 companies in 2025.
Higher than 95% of 837 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
101,379 | 72,055 | 86,440 | 65,209 | 56,868 | 37,370 | 29,185 | 41,659 | 40,795 | 72,168 | 83,318 | 58,566 | 62,061 | 61,264 | 93,419 | 104,578 | 113,259 | 125,198 | 92,667 | |
21/28 |
55,349 | 46,187 | 51,167 | 39,276 | 42,569 | 22,312 | 22,312 | 22,312 | 24,414 | 29,849 | 35,284 | 40,719 | 46,721 | 57,237 | 73,002 | 88,767 | 104,532 | 107,857 | 84,563 | |
22/27 |
55,349 | 46,187 | 51,167 | 39,276 | 42,569 | 22,312 | 22,312 | 22,312 | 24,414 | 29,849 | 35,284 | 40,719 | 46,721 | 57,237 | 73,002 | 88,767 | 104,532 | 107,857 | 84,563 | |
22 |
55,349 | 44,310 | 47,414 | 33,647 | 35,063 | 22,312 | 22,312 | 22,312 | 24,414 | 29,849 | 35,284 | 40,719 | 46,721 | 57,237 | 73,002 | 88,767 | 104,532 | 107,857 | 84,563 | |
24 |
- | 1,877 | 3,753 | 5,629 | 7,506 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
46,030 | 25,868 | 35,273 | 25,933 | 14,299 | 15,058 | 6,873 | 19,347 | 16,381 | 42,319 | 48,034 | 17,847 | 15,340 | 4,027 | 20,417 | 15,811 | 8,727 | 17,341 | 8,104 | |
40/41 |
29,403 | 20,047 | 14,579 | 5,104 | 6,519 | 1,846 | 2,353 | 1,967 | 1,462 | 1,579 | 392 | 147 | - | 501 | 9,940 | - | 647 | 9,701 | 605 | |
40 |
29,403 | 18,392 | 13,310 | - | - | 868 | - | 1,905 | - | - | - | - | - | - | 9,940 | - | - | 8,513 | 605 | |
41 |
- | 1,655 | 1,269 | 5,104 | 6,519 | 978 | 2,353 | 62 | 1,462 | 1,579 | 392 | 147 | - | 501 | - | - | 647 | 1,188 | - | |
54/58 |
16,627 | 5,821 | 20,694 | 20,829 | 7,780 | 13,212 | 4,520 | 17,380 | 14,919 | 40,740 | 47,642 | 17,700 | 15,340 | 3,526 | 10,477 | 15,811 | 8,080 | 7,640 | 7,499 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
101,379 | 72,055 | 86,440 | 65,209 | 56,868 | 37,370 | 29,185 | 41,659 | 40,795 | 72,168 | 83,318 | 58,566 | 62,061 | 61,264 | 93,419 | 104,578 | 113,259 | 125,198 | 92,667 | |
10/15 |
26,388 | -17,945 | -20,370 | -24,791 | -33,132 | -28,630 | -31,815 | -20,691 | -12,205 | -13,457 | -13,632 | -14,434 | -18,711 | -18,736 | -35,900 | -31,311 | -53,741 | -83,802 | -122,299 | |
10/11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
10 |
62,000 | 62,000 | 62,000 | 62,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
14 |
-35,612 | -79,945 | -82,370 | -86,791 | -95,132 | -90,630 | -93,815 | -82,691 | -74,205 | -75,457 | -75,632 | -76,434 | -80,711 | -80,736 | -97,900 | -93,311 | -115,741 | -145,802 | -184,299 | |
17/49 |
74,991 | 90,000 | 106,810 | 90,000 | 90,000 | 66,000 | 61,000 | 62,350 | 53,000 | 85,625 | 96,950 | 73,000 | 80,772 | 80,000 | 129,319 | 135,889 | 167,000 | 209,000 | 214,966 | |
42/48 |
74,991 | 90,000 | 106,810 | 90,000 | 90,000 | 66,000 | 61,000 | 62,350 | 53,000 | 85,625 | 96,950 | 73,000 | 80,772 | 80,000 | 129,319 | 135,889 | 167,000 | 209,000 | 214,966 | |
44 |
- | - | 11,810 | - | 10,000 | 10,000 | - | 7,350 | - | 2,625 | 13,950 | - | - | - | - | - | - | - | - | |
440/4 |
- | - | 11,810 | - | 10,000 | 10,000 | - | 7,350 | - | 2,625 | 13,950 | - | - | - | - | - | - | - | - | |
46 |
- | - | - | - | - | 20,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
2,681 | - | - | - | - | - | - | - | - | - | - | - | 772 | - | 1,319 | 1,889 | - | - | 1,966 | |
450/3 |
2,681 | - | - | - | - | - | - | - | - | - | - | - | 772 | - | 1,319 | 1,889 | - | - | 1,966 | |
47/48 |
72,310 | 90,000 | 95,000 | 90,000 | 80,000 | 36,000 | 61,000 | 55,000 | 53,000 | 83,000 | 83,000 | 73,000 | 80,000 | 80,000 | 128,000 | 134,000 | 167,000 | 209,000 | 213,000 | |
| Income statement | ||||||||||||||||||||
9900 |
53,466 | 7,801 | 9,800 | 12,010 | -765 | 3,535 | -10,654 | -5,855 | 7,176 | 6,019 | 6,586 | 10,757 | 10,958 | 33,374 | 13,102 | 38,724 | 46,110 | 90,882 | 50,830 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 34,742 | 44,462 | |
630 |
8,688 | 4,980 | 4,980 | 3,293 | 3,293 | - | - | 2,102 | 5,435 | 5,435 | 5,435 | 6,002 | 10,516 | 15,765 | 15,765 | 15,765 | 15,765 | 14,521 | 8,115 | |
640/8 |
221 | 125 | 253 | 258 | 321 | 235 | 386 | 452 | 409 | 343 | 282 | 412 | 295 | 317 | 1,884 | 382 | 171 | 3,004 | 446 | |
9901 |
44,557 | 2,696 | 4,567 | 8,459 | -4,379 | 3,300 | -11,040 | -8,409 | 1,332 | 241 | 869 | 4,343 | 147 | 17,292 | -4,547 | 22,577 | 30,174 | 38,615 | -2,193 | |
65/66B |
223 | 271 | 147 | 118 | 123 | 115 | 84 | 77 | 80 | 66 | 67 | 66 | 122 | 128 | 42 | 147 | 113 | 118 | 302 | |
65 |
223 | 271 | 147 | 118 | 123 | 115 | 84 | 77 | 80 | 66 | 67 | 66 | 122 | 128 | 42 | 147 | 113 | 118 | 302 | |
9903 |
44,334 | 2,425 | 4,420 | 8,341 | -4,502 | 3,185 | -11,124 | -8,486 | 1,252 | 175 | 802 | 4,277 | 25 | 17,164 | -4,589 | 22,430 | 30,061 | 38,497 | -2,495 | |
9904 |
44,334 | 2,425 | 4,420 | 8,341 | -4,502 | 3,185 | -11,124 | -8,486 | 1,252 | 175 | 802 | 4,277 | 25 | 17,164 | -4,589 | 22,430 | 30,061 | 38,497 | -2,495 | |
9905 |
44,334 | 2,425 | 4,420 | 8,341 | -4,502 | 3,185 | -11,124 | -8,486 | 1,252 | 175 | 802 | 4,277 | 25 | 17,164 | -4,589 | 22,430 | 30,061 | 38,497 | -2,495 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-35,612 | -79,945 | -82,370 | -86,791 | -95,132 | -90,630 | -93,815 | -82,691 | -74,205 | -75,457 | -75,632 | -76,434 | -80,711 | -80,736 | -97,900 | -93,311 | -115,741 | -145,802 | -184,299 | |
14P |
-79,946 | -82,370 | -86,790 | -95,132 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 1 | 1 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 956 | 1,912 | |
| Document | ||||||||||||||||||||
The accounts for 18 older financial years (1989-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 31-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | full format | 31-03-2026 | 2026-00068517 | |
| 30-09-2024 | full format | 17-03-2025 | 2025-00049212 | |
| 30-09-2023 | full format | 26-03-2024 | 2024-00050036 | |
| 30-09-2022 | full format | 06-03-2023 | 2023-00037094 | |
| 30-09-2021 | micro format | 21-03-2022 | 2022-08000512 | |
| 30-09-2020 | micro format | 23-03-2021 | 2021-08200437 | |
| 30-09-2019 | micro format | 10-06-2020 | 2020-15800497 | |
| 30-09-2018 | micro format | 27-03-2019 | 2019-08100022 | |
| 30-09-2017 | full format | 20-03-2018 | 2018-07100528 | |
| 30-09-2016 | full format | 08-03-2017 | 2017-06000162 | |
| 30-09-2015 | full format | 16-03-2016 | 2016-06500328 | |
| 30-09-2014 | full format | 27-03-2015 | 2015-07700123 | |
| 30-09-2013 | full format | 14-04-2014 | 2014-09200037 | |
| 30-09-2012 | full format | 14-05-2013 | 2013-12100031 | |
| 30-09-2011 | full format | 29-03-2012 | 2012-07500225 | |
| 30-09-2010 | full format | 27-03-2011 | 2011-07500223 | |
| 30-09-2009 | full format | 26-03-2010 | 2010-07400464 | |
| 30-09-2008 | full format | 26-03-2009 | 2009-08600381 | |
| 30-09-2007 | full format | 31-03-2008 | 2008-08600324 | |
| 30-09-2006 | full format | 22-03-2007 | 2007-08502564 | |
| 30-09-2005 | full format | 19-04-2006 | 2006-11303747 | |
| 30-09-2004 | full format | 23-03-2005 | 2005-08600394 | |
| 30-09-2003 | full format | 08-12-2004 | 2004-84104340 | |
| 30-09-2002 | full format | 23-03-2005 | 2005-08600380 | |
| 30-09-2001 | full format | 20-12-2002 | 2002-78003171 | |
| 30-09-2000 | full format | 02-10-2001 | 2001-59600279 | |
| 30-09-1999 | full format | 29-03-2000 | 2000-07400378 | |
| 30-09-1998 | full format | 29-03-2000 | 2000-07400377 | |
| 30-09-1997 | full format | 09-03-1998 | 1998-03705013 | |
| 30-09-1996 | full format | 10-04-1997 | 1997-05502106 | |
| 30-09-1995 | full format | 27-03-1996 | 1996-04802310 | |
| 30-09-1994 | full format | 04-05-1995 | 1995-07200522 | |
| 30-09-1993 | full format | 25-04-1994 | 1994-06901798 | |
| 30-09-1992 | full format | 16-04-1993 | 1993-05504398 | |
| 30-09-1991 | full format | 28-04-1992 | 1992-04703249 | |
| 30-09-1990 | full format | 14-06-1991 | 1991-10003399 | |
| 30-09-1989 | full format | 09-05-1990 | 1990-04203037 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 53,245 | 7,676 | 9,547 | 11,752 | -1,086 | - | - | -6,307 | 6,767 | 5,676 | 6,304 | 10,345 | 10,663 | 33,057 | 11,218 | 38,342 | 45,939 | 53,136 | 5,922 | ||
| 53,022 | 7,405 | 9,400 | 11,634 | -1,209 | - | - | -6,384 | 6,687 | 5,610 | 6,237 | 10,279 | 10,541 | 32,929 | 11,176 | 38,195 | 45,826 | 53,018 | 5,620 | ||
| 17,850 | 0 | 16,871 | 0 | 23,550 | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,440 | 37,815 | - | ||
| 10,806 | -14,873 | -135 | 13,049 | -5,432 | 8,692 | -12,860 | 2,461 | -25,821 | -6,902 | 29,942 | 2,360 | 11,814 | -6,951 | -5,334 | 7,731 | 440 | 141 | - | ||
| -28,961 | -64,132 | -71,537 | -64,067 | -75,701 | -50,942 | -54,127 | -43,003 | -36,619 | -43,306 | -48,916 | -55,153 | -65,432 | -75,973 | -108,902 | -120,078 | -158,273 | -191,659 | -206,862 | ||
| 26.0% | -24.9% | -23.6% | -38.0% | -58.3% | -76.6% | -109.0% | -49.7% | -29.9% | -18.6% | -16.4% | -24.6% | -30.1% | -30.6% | -38.4% | -29.9% | -47.4% | -66.9% | -132.0% | ||
| 0.61 | 0.29 | 0.33 | 0.29 | 0.16 | 0.23 | 0.11 | 0.31 | 0.31 | 0.49 | 0.50 | 0.24 | 0.19 | 0.05 | 0.16 | 0.12 | 0.05 | 0.08 | 0.04 | ||
| 2.84 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 168.0% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 43.7% | 3.4% | 5.1% | 12.8% | -7.9% | 8.5% | -38.1% | -20.4% | 3.1% | 0.2% | 1.0% | 7.3% | 0.0% | 28.0% | -4.9% | 21.4% | 26.5% | 30.7% | -2.7% | ||
| over 100 | 28.32 | 64.95 | 99.59 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €17,850 | - | €16,871 | - |
| €8,688 | €4,980 | €4,980 | €3,293 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is nearly 17 times that of 2024 and the highest since 2007. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total is 74.0%.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| JAMABEL SA registered office "Les Colir" 42, 1440 Braine-le-Château 6920101 Certified accountants and tax accountants | 27-10-1988 | 2.040.674.716 |
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