JANMAS
ActiveSummary
JANMAS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.1m and a net result of €79,015. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 86% of 9742 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity ample (current ratio 2.39 against 2.16 in 2023; short-term debt: 10.2% and cash: 23.6% of total assets), and 17.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
82.4%
Return on assets
5.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
33 d early
2022
34 d early
2021
33 d early
2020
43 d early
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#3 company by equity in Moorslede, Real estate sector#10 oldest company in Moorslede, Real estate sector
Equity
€1.1m▲ 7.6%
2023 · €1.0m
Total assets
€1.4m▲ 0.3%
2023 · €1.4m
Net result
€79,015▲ 40.6%
2023 · €56,186
Working capital
€192,893▲ 24.2%
2023 · €155,361
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€68,360▲ 3.0%€88,355▲ 29.3%€285,413▲ 223%€81,530▼ 71.4%€99,928▲ 22.6%
Net result€49,327within the sector's middle half▲ 16.2%€53,457within the sector's middle half▲ 8.4%€202,738above the sector's middle half▲ 279%€56,186within the sector's middle half▼ 72.3%€79,015within the sector's middle half▲ 40.6%
Equity€733,114within the sector's middle half▲ 7.2%€786,572within the sector's middle half▲ 7.3%€989,310within the sector's middle half▲ 25.8%€1.0mwithin the sector's middle half▲ 5.7%€1.1mwithin the sector's middle half▲ 7.6%
Total assets€1.5mwithin the sector's middle half▼ 2.0%€1.5mwithin the sector's middle half▼ 1.1%€1.6mwithin the sector's middle half▲ 12.0%€1.4mwithin the sector's middle half▼ 16.4%€1.4mwithin the sector's middle half▲ 0.3%
Debt€736,536▼ 9.6%€666,275▼ 9.5%€588,092▼ 11.7%€265,481▼ 54.9%€191,046▼ 28.0%
Working capital-€313,134below the sector's middle half▲ 3.7%-€265,111below the sector's middle half▲ 15.3%€102,692within the sector's middle half€155,361within the sector's middle half▲ 51.3%€192,893within the sector's middle half▲ 24.2%
Solvency49.9%within the sector's middle half▲ 4.3pp54.1%within the sector's middle half▲ 4.3pp60.8%within the sector's middle half▲ 6.7pp76.8%above the sector's middle half▲ 16.0pp82.4%above the sector's middle half▲ 5.5pp
Current ratio0.14below the sector's middle half▲ 0.040.29below the sector's middle half▲ 0.151.27within the sector's middle half▲ 0.982.16within the sector's middle half▲ 0.892.39within the sector's middle half▲ 0.23
Return on assets (ROA)3.4%within the sector's middle half▲ 0.5pp3.7%within the sector's middle half▲ 0.3pp12.5%above the sector's middle half▲ 8.8pp4.1%within the sector's middle half▼ 8.3pp5.8%above the sector's middle half▲ 1.7pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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
The operating result recovers in 2024; 2024 is 23% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.0m ▼ 3.5%
Current assets
€331,536 ▲ 14.5%
Equity and liabilities €1.4m
Equity
€1.1m ▲ 7.6%
Provisions
€49,829 =
Debt
€191,046 ▼ 28.0%
Debt's share of the balance-sheet total falls from 19.5% to 14.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€172,874▲
2023 · €157,821
Cash flow
€151,961▲
2023 · €132,477
Debt to equity
0.17▼
2023 · 0.25
ROE
7.0%▲
2023 · 5.4%
Interest coverage
50.86▲
2023 · 22.32
Debt ≤ 1 year
€138,642▲
2023 · €134,217
Debt > 1 year
€46,666▼
2023 · €126,666
Income taxes
€26,350▲
2023 · €18,941
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 20,129 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €199,316 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €93,141 | €86,339 | €83,623 | €76,291 | €72,946 | ▼ 4.4% |
| Other operating charges640/8 | - | €15,929 | €16,288 | €16,903 | €17,536 | ▲ 3.7% |
| Gross operating margin9900 | €177,338 | €190,624 | €385,324 | €174,724 | €190,410 | ▲ 9.0% |
| Operating profit (loss)9901 | €68,360 | €88,355 | €285,413 | €81,530 | €99,928 | ▲ 22.6% |
| Financial income75/76B | - | €36 | €0 | €668 | €8,836 | ▲ 1,223% |
| Recurring financial income75 | €315 | €36 | €0 | €668 | €8,836 | ▲ 1,223% |
| Financial charges65/66B | - | €16,381 | €15,014 | €7,071 | €3,399 | ▼ 51.9% |
| Recurring financial charges65 | €19,213 | €16,381 | €15,014 | €7,071 | €3,399 | ▼ 51.9% |
| Profit (loss) for the period before taxes9903 | €49,461 | €72,010 | €270,399 | €75,127 | €105,365 | ▲ 40.2% |
| Transfer to deferred taxes680 | - | - | €49,829 | - | - | - |
| Income taxes67/77 | €134 | €18,553 | €17,832 | €18,941 | €26,350 | ▲ 39.1% |
| Profit (loss) for the period9904 | €49,327 | €53,457 | €202,738 | €56,186 | €79,015 | ▲ 40.6% |
| Transfer to tax-exempt reserves689 | - | - | €149,487 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €49,327 | €53,457 | €53,250 | €56,186 | €79,015 | ▲ 40.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.5m | €1.6m | €1.4m | €1.4m | ▲ 0.3% |
| Fixed assets21/28 | €1.4m | €1.3m | €1.1m | €1.1m | €1.0m | ▼ 3.5% |
| Tangible fixed assets22/27 | €1.4m | €1.3m | €1.1m | €1.1m | €1.0m | ▼ 3.5% |
| Land and buildings22 | - | €1.3m | €1.1m | €1.1m | €1.0m | ▼ 3.5% |
| Financial fixed assets28 | €3,250 | €3,250 | €3,250 | €3,250 | €3,250 | = |
| Current assets29/58 | €51,605 | €109,300 | €479,712 | €289,578 | €331,536 | ▲ 14.5% |
| Amounts receivable within one year40/41 | €2,756 | €9,898 | €4,751 | €7,674 | €4,045 | ▼ 47.3% |
| Trade receivables40 | - | €4,892 | €3,523 | €5,076 | €3,603 | ▼ 29.0% |
| Other amounts receivable41 | - | €5,007 | €1,228 | €2,598 | €443 | ▼ 83.0% |
| Cash at bank and in hand54/58 | €47,745 | €95,170 | €470,365 | €277,077 | €322,781 | ▲ 16.5% |
| Deferred charges and accrued income490/1 | - | €4,231 | €4,596 | €4,827 | €4,709 | ▼ 2.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.6m | €1.4m | €1.4m | ▲ 0.3% |
| Equity10/15 | €733,114 | €786,572 | €989,310 | €1.0m | €1.1m | ▲ 7.6% |
| Contributions10/11 | - | €618,600 | €618,600 | €618,600 | €618,600 | = |
| Reserves13 | €114,514 | €167,972 | €370,710 | €426,895 | €505,910 | ▲ 18.5% |
| Non-distributable reserves130/1 | - | €61,860 | €61,860 | €61,860 | - | - |
| Reserves not available under the articles1311 | - | €61,860 | €61,860 | €61,860 | - | - |
| Tax-exempt reserves132 | - | €13,000 | €162,487 | €162,487 | €162,487 | = |
| Distributable reserves133 | - | €93,112 | €146,362 | €202,548 | €343,423 | ▲ 69.6% |
| Profit (loss) carried forward14 | -€71,016 | - | - | - | - | - |
| Provisions and deferred taxes16 | - | - | €49,829 | €49,829 | €49,829 | = |
| Deferred taxes168 | - | - | €49,829 | €49,829 | €49,829 | = |
| Amounts payable17/49 | €736,536 | €666,275 | €588,092 | €265,481 | €191,046 | ▼ 28.0% |
| Amounts payable after more than one year17 | €366,666 | €286,666 | €206,666 | €126,666 | €46,666 | ▼ 63.2% |
| Financial debts170/4 | - | €286,666 | €206,666 | €126,666 | €46,666 | ▼ 63.2% |
| Amounts payable within one year42/48 | €364,740 | €374,411 | €377,020 | €134,217 | €138,642 | ▲ 3.3% |
| Current portion of amounts payable after more than one year42 | - | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Trade debts44 | €590 | €4,066 | €1,562 | €6,407 | €1,035 | ▼ 83.8% |
| Suppliers440/4 | - | €4,066 | €1,562 | €6,407 | €1,035 | ▼ 83.8% |
| Taxes, remuneration and social security45 | - | €11,119 | €7,275 | €100 | €7,478 | ▲ 7,403% |
| Taxes450/3 | - | €11,119 | €7,275 | €100 | €7,478 | ▲ 7,403% |
| Other amounts payable47/48 | - | €279,226 | €288,183 | €47,710 | €50,129 | ▲ 5.1% |
| Accrued charges and deferred income492/3 | - | €5,198 | €4,406 | €4,598 | €5,737 | ▲ 24.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,327 | €53,457 | €202,738 | €56,186 | €79,015 | ▲ 40.6% |
| + Depreciation and write-downs630 | €93,141 | €86,339 | €83,623 | €76,291 | €72,946 | ▼ 4.4% |
| Operating cash flow (approximation) | €142,468 | €139,797 | €286,361 | €132,477 | €151,961 | ▲ 14.7% |
| Investment in fixed assets (approximation) | - | -€11,841 | €112,406 | €0 | -€35,568 | - |
| Change in cash | - | €47,426 | €375,195 | -€193,288 | €45,704 | ▲ 124% |
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
2026
09-09
State Gazette act
RestructuringPermanent representatives: Isabelle Masschelein and Charlotte Masschelein · Merger · Accounting effect11 facts ▸
State Gazette act
Restructuring
Permanent representatives: Isabelle Masschelein and Charlotte Masschelein · Merger · Accounting effect11 facts ▸
- Board meeting, 27-08-2026
- Merger, 27-08-2026
- Director in office, ALLTOPE (sole director)
- Permanent representative, Isabelle Masschelein (permanent representative)
- Director in office, ALLTOPE (sole director)
- Permanent representative, Charlotte Masschelein (permanent representative)
- Accounting effect, 01-04-2026
- Other statement, geen bijzondere rechten of andere effecten
- Other statement, geen bijzondere voordelen aan bestuursorganen
- Real estate, STAD WERVIK – 1e afdeling – Wervik
- Other statement, 24-08-2026
15-07
State Gazette act
Permanent representatives: Masschelein Jan and Masschelein Isabelle3 facts ▸
State Gazette act
Permanent representatives: Masschelein Jan and Masschelein Isabelle
3 facts ▸
- General meeting, 29-05-2026
- Permanent representative, Masschelein Jan (permanent representative)
- Permanent representative, Masschelein Isabelle (permanent representative)
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1mEq €1.0m ▲5.7%
6 profitable years in a row build equity to €1.0m.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €202,738 ▲279%
Operating result €285,413, net result €202,738, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 1.27
Current ratio from 0.29 to 1.27.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
31-12
Financial
Weakest financial yearnet €42,456 ▼1.2%
Net result drops to €42,456, the lowest in the series; recovery starts the following year.
Show earlier events
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Moorslede · 1 establishment unit since 2001
Ground area
4,638 m²
Building footprint
295 m²
Volume, LiDAR
1,682 m³
Parcel 36003A0153/00Z000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Beselarestraat 103, 8890 Moorslede
since 20012.093.083.717
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36003A0153/00Z000 | Flanders | 4,638 m² | 1 · 295 m² | 8.8 m · 2 fl. |
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.
Articles of association
Purpose
A) het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook van Belgische of buitenlandse…
Full purpose (7 activities)
- A) het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook van Belgische of buitenlandse, bestaande of nog op te richten vennootschappen
- B) het beheer van een onroerend of roerend vermogen en de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen, alsmede zich borg stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen
- A) het bevorderen van de oprichting van vennootschappen door inbreng, participaties of investering
- B) het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren, onder om het even elke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruimte zijn alle handels- en financiële operaties verrichten behalve die wettelijk voorbehouden zijn aan depositobanken, houders van deposito’s op korte termijn, spaarkassen, hypotheekmaatschappijen en kapitalisatie ondernemingen
- C) het verlenen van adviezen van financiële, technische, commerciële of administratieve aard; in de ruimste zin, met uitzondering van beleggingsadviezen; bijstand en diensten verlenen, rechtstreeks of onrechtstreeks op het vlak van administratie en financiën, verkoop, produktie en algemeen bestuur
- D) het waarnemen van alle bestuursopdrachten, het uitoefenen van opdrachten en functies
- E) alle verrichtingen van commerciële, industriële, onroerende, roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant of verknocht zijn of de verwezenlijking ervan kunnen bevorderen
Structure & network
Owners and holdings
2 owners · 1 holdingChain of control
- ALLTOPE
- JANMAS
Highest known parent: ALLTOPE. The sources do not say who stands above it.
Owners 2
- ALLTOPEparent99%
-
1%
Holdings 1
-
1%
According to the 2024 annual accounts of JANMAS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:CHAMPIMAS
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Identification & contact
Identification
Legal formPrivate limited company
Founded12-02-2001
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474064932
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.