JAPHAN
ActiveJAPHAN has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20k and a net result of €-8k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 26056 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
7
/ 100
Critical▼ -46 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-100
Solvency20▼-21
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.96 against 0.91 in 2023), and 85.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
14.8%
Return on assets
-5.8%
Age of the figures
20 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-12-2025, 137 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
137 d late
2023
65 d late
2022
66 d late
2021
29 d late
2020
30 d late
2019
92 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€20k▼ 28.3%
2023 · €28k
2018: €14k
2019: €7k
2020: €19k
2021: €2k
2022: €20k
2023: €28k
2018 → 2024
Total assets
€135k▲ 36.3%
2023 · €99k
2018: €119k
2019: €74k
2020: €79k
2021: €101k
2022: €101k
2023: €99k
2018 → 2024
Net result
€-8k
2023 · €8k
2018: €4k
2019: €-7k
2020: €12k
2021: €-17k
2022: €17k
2023: €8k
2018 → 2024
Working capital
€-4k▲ 10.0%
2023 · €-4k
2018: €-461
2019: €-16k
2020: €-5k
2021: €-21k
2022: €-4k
2023: €-4k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€19k-€2k▼ 88.1%€20k▲ 773%€28k▲ 42.0%€20k▼ 28.3%
Operating result€16k-€-17k€21k€15k▼ 31.3%€-6k
Net result€12k-€-17k€17k€8k▼ 52.6%€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6k after €15k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €135k
Fixed assets
€43k▼ 25.9%
Current assets
€92k▲ 125%
Equity and liabilities €135k
Equity
€20k▼ 28.3%
Debt
€115k▲ 61.5%
The debt ratio rises from 71.9% to 85.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€2k▼
2023 · €16k
Cash flow
€-759▼
2023 · €9k
Solvency
14.8%▼
2023 · 28.1%
Current ratio
0.96▲
2023 · 0.91
Quick ratio
0.73▲
2023 · 0.39
Debt / equity
5.77▲
2023 · 2.56
ROE
-39.5%▼
2023 · 29.6%
ROA
-5.8%▼
2023 · 8.3%
Interest coverage
0.69▼
2023 · 30.35
Debt
€115k▲
2023 · €71k
Debt ≤ 1 year
€96k▲
2023 · €45k
Debt > 1 year
€19k▼
2023 · €26k
Income taxes
€176▼
2023 · €6k
Staff costs
€2k▼
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€99k€135k▲
Fixed assets21/28€58k€43k▼
Tangible fixed assets22/27€35k€28k▼
Furniture and vehicles24€35k€28k▼
Financial fixed assets28€23k€15k▼
Current assets29/58€41k€92k▲
Stocks and contracts in progress3€23k€22k▼
Stocks30/36€23k€22k▼
Amounts receivable within one year40/41€10k€65k▲
Trade receivables40€9k€828▼
Other amounts receivable41€2k€64k▲
Cash at bank and in hand54/58€5k€4k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€99k€135k▲
Equity10/15€28k€20k▼
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€22k€22k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Tax-exempt reserves132€20k€20k=
Profit (loss) carried forward14€-496€-8k▼
Amounts payable17/49€71k€115k▲
Amounts payable after more than one year17€26k€19k▼
Financial debts170/4€26k€19k▼
Amounts payable within one year42/48€45k€96k▲
Current portion of amounts payable after more than one year42€6k€7k▲
Trade debts44€20k€61k▲
Suppliers440/4€20k€61k▲
Taxes, remuneration and social security45€14k€5k▼
Taxes450/3€10k€5k▼
Remuneration and social security454/9€4k€507▼
Other amounts payable47/48€4k€23k▲
Income statement
Code20232024
Non-recurring operating income76A€6k-
Goods, raw materials, services and sundry goods60/61-€0
Remuneration, social security and pensions62€10k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€926€7k▲
Other operating charges640/8€7k€2k▼
Gross operating margin9900€32k€5k▼
Operating profit (loss)9901€15k€-6k▼
Financial income75/76B€0€114▲
Recurring financial income75€0€114▲
Financial charges65/66B€516€2k▲
Recurring financial charges65€516€2k▲
Profit (loss) for the period before taxes9903€14k€-8k▼
Income taxes67/77€6k€176▼
Profit (loss) for the period9904€8k€-8k▼
Profit (loss) for the period to be appropriated9905€8k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-496€-8k▼
Profit (loss) brought forward from the previous period14P€-9k€-496▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 137 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €-17k ▼242%
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 1 day late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée de Liège(JB) 2615100 NamurGround area
69 m²
Building footprint
63 m²
Volume, LiDAR
634 m³
Parcel 92067C0320/00_000, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée de Liège(JB) 261, 5100 Namur
since 19942.065.044.282
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92067C0320/00_000 | Wallonia | 69 m² | 1 · 63 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MIRPUR A.K.
BE 0563.372.337
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KRSNA SPRL
BE 0568.784.838
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KARAN
BE 0765.442.341
Saint-Ghislain · Eq €20k
MARINA VAN ES
BE 0823.765.669
Heist-op-den-Berg · Eq €20k
COJAAC
BE 0793.956.579
Modave · Eq €20k
Of 2,318 companies in sector 47621 we hold annual accounts for 1,235. 928 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded14-12-1993
Fiscal year end31-12
Activities, NACEBEL
47620Retail trade
47621Retail sale of newspapers and periodicals
52470
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.