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JAMACO

Active
Private limited company (pre-2019)founded 2013active for 13 yearsBerkenhoekstraat 14B, 2861 Sint-Katelijne-Waver, BelgiumKBO/BCE: BE 0536.667.643

From the official registers: KBO 11 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

JAMACO has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €78,640 and a net result of -€8,033. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 14% of 37,586 sector peers (NACE 70, financial year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 1 November 2026.

Latest annual accounts filed

Annual accounts 2024

Download PDF
Financial year ended
31-12-2024
Filed on
20-06-2025
Format
micro format
Reference
2025-00158058
Turnover
≈ €160,000
Estimated: probably between €120,000 and €200,000
Total assets
€910,112▲ 40.0%
2023 · €650,051
Net result
-€8,033
2023 · €19,940
Working capital
-€182,674▼ 57.9%
2023 · -€115,720
Trend over the years

2020 to 2024, 5 financial years 2018 to 2024, 7 financial years

The operating result has fallen two years in a row; 2024 is 43% below 2023.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€5,534 2024 Net result-€8,033 2024

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Operating result€6,276-€3,206▼ 48.9%-€10,512€7,034€48,179▲ 585%€9,774▼ 79.7%€5,534▼ 43.4%
Net result-€152-€286-€9,756below the sector's middle half€2,413within the sector's middle half€37,309within the sector's middle half▲ 15×€19,940within the sector's middle half▼ 46.6%-€8,033below the sector's middle half
Equity€36,483-€36,769▲ 0.8%€27,013within the sector's middle half▼ 26.5%€29,426within the sector's middle half▲ 8.9%€66,734within the sector's middle half▲ 127%€86,674within the sector's middle half▲ 29.9%€78,640within the sector's middle half▼ 9.3%
Total assets€312,912-€283,959▼ 9.3%€372,701within the sector's middle half▲ 31.3%€330,709within the sector's middle half▼ 11.3%€728,191above the sector's middle half▲ 120%€650,051above the sector's middle half▼ 10.7%€910,112above the sector's middle half▲ 40.0%
Debt€276,429-€247,190▼ 10.6%€345,688▲ 39.8%€301,284▼ 12.8%€661,457▲ 120%€563,378▼ 14.8%€831,471▲ 47.6%
Working capital€88,444-€106,431▲ 20.3%€15,323within the sector's middle half▼ 85.6%-€116,973below the sector's middle half-€196,698below the sector's middle half▼ 68.2%-€115,720below the sector's middle half▲ 41.2%-€182,674below the sector's middle half▼ 57.9%
Solvency11.7%-12.9%▲ 1.3pp7.2%below the sector's middle half▼ 5.7pp8.9%below the sector's middle half▲ 1.6pp9.2%below the sector's middle half▲ 0.3pp13.3%below the sector's middle half▲ 4.2pp8.6%below the sector's middle half▼ 4.7pp
Current ratio2.35-2.17▼ 0.171.12within the sector's middle half▼ 1.060.47below the sector's middle half▼ 0.650.47below the sector's middle half=0.38below the sector's middle half▼ 0.090.37below the sector's middle half▼ 0.01
Return on assets (ROA)0.0%-0.1%▲ 0.1pp-2.6%below the sector's middle half▼ 2.7pp0.7%below the sector's middle half▲ 3.3pp5.1%within the sector's middle half▲ 4.4pp3.1%within the sector's middle half▼ 2.1pp-0.9%below the sector's middle half▼ 4.0pp
above within below the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €910,112
Fixed assets €802,565 ▲ 38.3%
Current assets €107,546 ▲ 53.8%
Equity and liabilities €910,112
Equity €78,640 ▼ 9.3%
Debt €831,471 ▲ 47.6%
Debt's share of the balance-sheet total rises from 86.7% to 91.4%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€50,275▲
2023 · €47,423
Cash flow
€36,708▼
2023 · €57,588
Debt to equity
10.57▲
2023 · 6.50
ROE
-10.2%▼
2023 · 23.0%
Interest coverage
3.71▼
2023 · 4.82
Debt ≤ 1 year
€290,221▲
2023 · €185,627
Debt > 1 year
€541,251▲
2023 · €377,751
Staff costs
€26,710
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 912 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 95.3% are still going.

  • Small
  • 10 to 20 years old
  • solvency under 10%
  • a small loss
2.4% went bankrupt
2.1% stopped otherwise
95.3% 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 497,445 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% 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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 912 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 · 2024 against 2023 · 42 lines

Source: Annual accounts 2024 (PDF), filed with the National Bank on 20-06-2025.

Balance sheet Code20232024
Assets
Total assets20/58€650,051€910,112▲
Fixed assets21/28€580,145€802,565▲
Tangible fixed assets22/27€580,145€802,565▲
Land and buildings22€481,976€689,662▲
Plant, machinery and equipment23€28,081€26,966▼
Furniture and vehicles24€70,088€85,938▲
Current assets29/58€69,906€107,546▲
Amounts receivable within one year40/41€29,941€37,547▲
Trade receivables40€29,941€37,547▲
Cash at bank and in hand54/58€39,966€58,311▲
Deferred charges and accrued income490/1-€11,688
Equity and liabilities
Total equity and liabilities10/49€650,051€910,112▲
Equity10/15€86,674€78,640▼
Contributions10/11€12,400€12,400=
Reserves13€40,115€40,115=
Tax-exempt reserves132€40,115€40,115=
Profit (loss) carried forward14€34,159€26,125▼
Amounts payable17/49€563,378€831,471▲
Amounts payable after more than one year17€377,751€541,251▲
Financial debts170/4€377,751€541,251▲
Amounts payable within one year42/48€185,627€290,221▲
Current portion of amounts payable after more than one year42€39,600€55,035▲
Trade debts44€11,046€9,483▼
Suppliers440/4€11,046€9,483▼
Taxes, remuneration and social security45€8,582€4,062▼
Taxes450/3€8,582€4,062▼
Other amounts payable47/48€126,398€221,642▲
Income statement Code20232024
Remuneration, social security and pensions62-€26,710
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37,648€44,741▲
Other operating charges640/8€1,012€2,674▲
Gross operating margin9900€48,435€79,659▲
Operating profit (loss)9901€9,774€5,534▼
Financial income75/76B€20,000-
Recurring financial income75€20,000-
Non-recurring financial income76B€20,000-
Financial charges65/66B€9,835€13,567▲
Recurring financial charges65€9,835€13,567▲
Profit (loss) for the period before taxes9903€19,940-€8,033▼
Profit (loss) for the period9904€19,940-€8,033▼
Profit (loss) for the period to be appropriated9905€19,940-€8,033▼
Appropriation of the result
Profit (loss) to be appropriated9906€34,159€26,125▼
Profit (loss) brought forward from the previous period14P€14,219€34,159▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the filed accounts (PDF).

Line2018201920202021202220232024Change
Remuneration, social security and pensions62------€26,710-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53,356€44,034€44,162€43,213€37,918€37,648€44,741▲ 18.8%
Other operating charges640/8---€1,390€1,770€1,012€2,674▲ 164%
Gross operating margin9900€60,436€47,785€34,197€51,636€87,867€48,435€79,659▲ 64.5%
Operating profit (loss)9901€6,276€3,206-€10,512€7,034€48,179€9,774€5,534▼ 43.4%
Financial income75/76B----€0€20,000--
Recurring financial income75€14---€0€20,000--
Non-recurring financial income76B-----€20,000--
Financial charges65/66B---€3,621€7,240€9,835€13,567▲ 38.0%
Recurring financial charges65€4,408€2,921€2,244€3,621€7,240€9,835€13,567▲ 38.0%
Profit (loss) for the period before taxes9903€89€286-€9,756€3,413€40,939€19,940-€8,033-
Income taxes67/77€241--€1,000€3,630---
Profit (loss) for the period9904-€152€286-€9,756€2,413€37,309€19,940-€8,033-
Profit (loss) for the period to be appropriated9905-€11,604€286-€9,756€2,413€37,309€19,940-€8,033-
Line2018201920202021202220232024Change
Assets
Total assets20/58€312,912€283,959€372,701€330,709€728,191€650,051€910,112▲ 40.0%
Fixed assets21/28€158,920€86,920€228,026€228,102€554,048€580,145€802,565▲ 38.3%
Tangible fixed assets22/27€158,920€86,920€228,026€228,102€554,048€580,145€802,565▲ 38.3%
Land and buildings22---€226,923€505,175€481,976€689,662▲ 43.1%
Plant, machinery and equipment23---€272€181€28,081€26,966▼ 4.0%
Furniture and vehicles24---€907€48,691€70,088€85,938▲ 22.6%
Current assets29/58€153,992€197,039€144,675€102,607€174,143€69,906€107,546▲ 53.8%
Amounts receivable within one year40/41€101,768€94,724€1,821-€2,473€29,941€37,547▲ 25.4%
Trade receivables40----€2,473€29,941€37,547▲ 25.4%
Cash at bank and in hand54/58€49,975€100,364€142,854€102,607€171,671€39,966€58,311▲ 45.9%
Deferred charges and accrued income490/1------€11,688-
Equity and liabilities
Total equity and liabilities10/49€312,912€283,959€372,701€330,709€728,191€650,051€910,112▲ 40.0%
Equity10/15€36,483€36,769€27,013€29,426€66,734€86,674€78,640▼ 9.3%
Contributions10/11€12,400€12,400-€12,400€12,400€12,400€12,400=
Reserves13€34,641€40,115€40,115€40,115€40,115€40,115€40,115=
Tax-exempt reserves132---€40,115€40,115€40,115€40,115=
Profit (loss) carried forward14-€10,559-€15,746-€25,502-€23,089€14,219€34,159€26,125▼ 23.5%
Amounts payable17/49€276,429€247,190€345,688€301,284€661,457€563,378€831,471▲ 47.6%
Amounts payable after more than one year17€210,880€156,583€216,336€81,704€290,616€377,751€541,251▲ 43.3%
Financial debts170/4---€81,704€290,616€377,751€541,251▲ 43.3%
Amounts payable within one year42/48€65,549€90,608€129,352€219,580€370,841€185,627€290,221▲ 56.3%
Current portion of amounts payable after more than one year42---€177,849€31,878€39,600€55,035▲ 39.0%
Trade debts44€8,823€17,131€55,567€13,508€135,606€11,046€9,483▼ 14.2%
Suppliers440/4---€13,508€135,606€11,046€9,483▼ 14.2%
Taxes, remuneration and social security45---€5,353€3,139€8,582€4,062▼ 52.7%
Taxes450/3---€5,353€3,139€8,582€4,062▼ 52.7%
Other amounts payable47/48---€22,871€200,218€126,398€221,642▲ 75.4%
Line2018201920202021202220232024Change
Profit (loss) for the period9904-€152€286-€9,756€2,413€37,309€19,940-€8,033-
+ Depreciation and write-downs630€53,356€44,034€44,162€43,213€37,918€37,648€44,741▲ 18.8%
Operating cash flow (approximation)€53,204€44,320€34,406€45,625€75,226€57,588€36,708▼ 36.3%
Investment in fixed assets (approximation)-€27,965-€185,268-€43,289-€363,864-€63,745-€267,162▼ 319%
Change in cash-€50,389€42,490-€40,247€69,064-€131,705€18,345-

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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Latest 10 of 11 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2024 micro format 20-06-2025 2025-00158058 PDF
31-12-2023 micro format 19-11-2024 2024-00601482 PDF
31-12-2022 micro format 21-02-2023 2023-00031175 PDF
31-12-2021 micro format 30-09-2022 2022-20451293 PDF
31-12-2020 micro format 30-09-2021 2021-69800213 PDF
31-12-2019 micro format 06-08-2020 2020-39200519 PDF
31-12-2018 micro format 22-08-2019 2019-49000270 PDF
31-12-2017 micro format 20-09-2018 2018-63600422 PDF
31-12-2016 micro format 30-08-2017 2017-52700365 PDF
31-12-2015 abbreviated format 31-08-2016 2016-53900100 PDF

Show all 11 filings

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.