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JAP

Active
Private limited company (pre-2019)founded 201114 yrs activeDrève des Chataigniers 20, 1410 Waterloo, BelgiumKBO/BCE: BE 0841.982.269
Summary

The computed 12-month bankruptcy probability of JAP is 1.5% (moderate). The 2025 annual accounts show negative equity (-€295,115) and a net result of €50,450. Equity remains stable across the filed fiscal years (±0.8% per year). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.2 against 0.0 in 2024; short-term debt: 501.5% and cash: 100% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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
-401.5%
Return on assets
68.6%
Age of the figures
9 mo
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 14 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
73 d early
2024
51 d early
2023
40 d early
2022
26 d early
2021
31 d early
2020
27 d late
2019
11 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 26 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven months
Position in the running window
28-09-2026 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

JAP was incorporated on 20 December 2011.1 Total assets fell from EUR 1.2 million in 2018 to EUR 73,512 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€295,115▲ 14.6%
2024 · -€345,565
Total assets
€73,512▼ 88.7%
2024 · €652,015
Net result
€50,450
2024 · -€544,610
Working capital
-€295,115▲ 70.3%
2024 · -€994,645
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€1,738▼ 33.9%-€1,351▲ 22.3%-€1,474▼ 9.1%-€544,565▼ 36,845%€62,052
Net result-€1,783▼ 32.7%-€1,396▲ 21.7%-€1,538▼ 10.2%-€544,610▼ 35,310%€50,450
Equity€201,979▼ 0.9%€200,583▼ 0.7%€199,045▼ 0.8%-€345,565-€295,115▲ 14.6%
Total assets€1.2m=€1.2m=€1.2m=€652,015▼ 45.5%€73,512▼ 88.7%
Debt€993,708▲ 0.1%€995,058▲ 0.1%€996,909▲ 0.2%€997,580▲ 0.1%€368,627▼ 63.0%
Working capital-€447,101▼ 0.4%-€448,497▼ 0.3%-€450,035▼ 0.3%-€994,645▼ 121%-€295,115▲ 70.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€600,000-€400,000-€200,000€0Operating result 2021: -€1,738-€1,738Net result 2021: -€1,783-€1,783Operating result 2022: -€1,351-€1,351Net result 2022: -€1,396-€1,396Operating result 2023: -€1,474-€1,474Net result 2023: -€1,538-€1,538Operating result 2024: -€544,565-€544,565Net result 2024: -€544,610-€544,610Operating result 2025: €62,052€62,052Net result 2025: €50,450€50,45020212022202320242025-€600,000-€400,000-€200,000€0Operating result 2023: -€1,474-€1,470Net result 2023: -€1,538-€1,540Operating result 2024: -€544,565-€545,000Net result 2024: -€544,610-€545,000Operating result 2025: €62,052€62,100Net result 2025: €50,450€50,500202320242025
The operating result returns to profit in 2025: €62,052 after a loss of €544,565 in 2024, the highest result in the available series.
Key figures and ratios
2025 value · change against 2024
Solvency
-401.5%▼
2024 · -53.0%
Current ratio
0.20▲
2024 · 0.00
Debt to equity
-1.25▲
2024 · -2.89
ROA
68.6%▲
2024 · -83.5%
Debt ≤ 1 year
€368,627▼
2024 · €997,580
Income taxes
€11,545
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a profit of 5% of the balance sheet or more
2.7% went bankrupt
4.9% stopped otherwise
92% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.5% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 3,640 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 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€652,015€73,512▼
Fixed assets21/28€649,080-
Financial fixed assets28€649,080-
Current assets29/58€2,935€73,512▲
Cash at bank and in hand54/58€2,935€73,512▲
Equity and liabilities
Total equity and liabilities10/49€652,015€73,512▼
Equity10/15-€345,565-€295,115▲
Contributions10/11€6,200€6,200=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Profit (loss) carried forward14-€353,625-€303,175▲
Amounts payable17/49€997,580€368,627▼
Amounts payable within one year42/48€997,580€368,627▼
Trade debts44€1,540€838▼
Suppliers440/4€1,540€838▼
Taxes, remuneration and social security45-€11,545
Taxes450/3-€11,545
Other amounts payable47/48€996,041€356,244▼
Income statement Code20242025
Non-recurring operating income76A-€63,420
Other operating charges640/8€543,417-
Gross operating margin9900-€1,148€62,052▲
Operating profit (loss)9901-€544,565€62,052▲
Financial charges65/66B€45€57▲
Recurring financial charges65€45€57▲
Profit (loss) for the period before taxes9903-€544,610€61,995▲
Income taxes67/77-€11,545
Profit (loss) for the period9904-€544,610€50,450▲
Profit (loss) for the period to be appropriated9905-€544,610€50,450▲
Appropriation of the result
Profit (loss) to be appropriated9906-€353,625-€303,175▲
Profit (loss) brought forward from the previous period14P€190,985-€353,625▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A----€63,420-
Other operating charges640/8---€543,417--
Gross operating margin9900-€1,738-€1,351-€1,474-€1,148€62,052▲ 5,505%
Operating profit (loss)9901-€1,738-€1,351-€1,474-€544,565€62,052▲ 111%
Financial charges65/66B€45€45€64€45€57▲ 26.7%
Recurring financial charges65€45€45€64€45€57▲ 26.7%
Profit (loss) for the period before taxes9903-€1,783-€1,396-€1,538-€544,610€61,995▲ 111%
Income taxes67/77----€11,545-
Profit (loss) for the period9904-€1,783-€1,396-€1,538-€544,610€50,450▲ 109%
Profit (loss) for the period to be appropriated9905-€1,783-€1,396-€1,538-€544,610€50,450▲ 109%
Line20212022202320242025Change
Assets
Total assets20/58€1.2m€1.2m€1.2m€652,015€73,512▼ 88.7%
Fixed assets21/28€649,080€649,080€649,080€649,080--
Financial fixed assets28€649,080€649,080€649,080€649,080--
Current assets29/58€546,607€546,561€546,874€2,935€73,512▲ 2,404%
Amounts receivable within one year40/41€546,495€546,495€546,495---
Other amounts receivable41€546,495€546,495€546,495---
Cash at bank and in hand54/58€112€66€379€2,935€73,512▲ 2,404%
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.2m€1.2m€652,015€73,512▼ 88.7%
Equity10/15€201,979€200,583€199,045-€345,565-€295,115▲ 14.6%
Contributions10/11€6,200€6,200€6,200€6,200€6,200=
Reserves13€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860€1,860€1,860€1,860=
Profit (loss) carried forward14€193,919€192,523€190,985-€353,625-€303,175▲ 14.3%
Amounts payable17/49€993,708€995,058€996,909€997,580€368,627▼ 63.0%
Amounts payable within one year42/48€993,708€995,058€996,909€997,580€368,627▼ 63.0%
Trade debts44-€1,294€868€1,540€838▼ 45.5%
Suppliers440/4-€1,294€868€1,540€838▼ 45.5%
Taxes, remuneration and social security45----€11,545-
Taxes450/3----€11,545-
Other amounts payable47/48€993,708€993,764€996,041€996,041€356,244▼ 64.2%
Line20212022202320242025Change
Profit (loss) for the period9904-€1,783-€1,396-€1,538-€544,610€50,450▲ 109%
Operating cash flow (approximation)-€1,783-€1,396-€1,538-€544,610€50,450▲ 109%
Investment in fixed assets (approximation)-€0€0€0--
Change in cash--€46€313€2,556€70,577▲ 2,661%

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
19-05
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Back to profitnet €50,450
Net result €50,450 after 7 loss-making years.
10-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet -€544,610
Net result drops to -€544,610, the lowest in the series; recovery starts the following year.
21-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
11-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
26-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
03-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
22-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Waterloo · 1 establishment unit since 2011
seat establishment The establishment unit on the map
Ground area
1,609 m²
Building footprint
64 m²
Volume, LiDAR
341 m³
Parcel 25763I0319/00T000, Wallonia · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JAP
Drève des Chataigniers 20, 1410 WaterlooHoldings
since 20112.209.221.322
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25763I0319/00T000 Wallonia 1,609 m² 1 · 64 m² 6.5 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

  • ETRELUsubsidiary
    Equity €576,021Result €162,500
    100%+ 25% via subsidiaries

According to the 2025 annual accounts of JAP 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.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded20-12-2011
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.