JAPJI · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of JAPJI is 1.5% (low). The 2025 annual accounts show equity of €10k and a net result of €-15k. Equity is growing by ~60.4% per year across the filed fiscal years. Its solvency ranks better than 61% of 179 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.5% Low

0%0,5%1,5%4%10%≥25%

Young company +Annual accounts: weaker financial profile +Lower-failure-rate sector −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Filing behaviour

From the deposit records, complete market-wide

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. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	19-05-2026	73 d early	2026-00115787
31-12-2024	31-07-2025	17-06-2025	44 d early	2025-00147249
31-12-2023	31-07-2024	05-08-2024	5 d late	2024-00328788
31-12-2022	31-07-2023	29-08-2023	29 d late	2023-00369909
31-12-2021	31-07-2022	30-06-2022	31 d early	2022-20152883

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

Turnover€57k-20.6%

EBIT margin-23.9%-37.6pp

Net result€-15k

Working capital€6k-74.5%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 19-05-2026 with the NBB · fiscal year 2025 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~60.4%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 95 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	35.3%	28.6%	better than 61% of 179 sector peers
Net result	€-15k	€9k	better than 7% of 179 sector peers
Equity	€10k	€23k	better than 35% of 179 sector peers
Gross operating margin	€14k	€35k	better than 28% of 179 sector peers
Staff costs	€19k	€31k	higher than 40% of 75 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P61

Improving position over 2021-2025 · n=179-925

Net result P7

Weakening position over 2021-2025 · n=179-921

Equity P35

Improving position over 2021-2025 · n=179-926

Gross operating margin P28

Stable position over 2021-2025 · n=179-920

Describes the position versus peers, not a forecast.

Revenue

€57k

-20.6% 21-25

EBITDA

€-12k

- 21-25

Net profit

€-15k

- 21-25

Cash flow

€-13k

- 21-25

Total assets

€27k

-19.7% 21-25

Equity

€10k

-60.7% 21-25

Working capital

€6k

-74.5% 21-25

Employees (FTE)

1

-40.0% 21-25

Staff costs

€19k

+12.6% 21-25

Income taxes

€192

-92.2% 21-25

Debt

€18k

+86.5% 21-25

Debt ≤ 1y

€18k

+86.5% 21-25

Current ratio

1.34

-61.4% 21-25

Quick ratio

1.34

-61.4% 21-25

Solvency

35.3%

-51.1% 21-25

Debt / equity

1.83

+374.6% 21-25

ROE

-154.5%

- 21-25

ROA

-54.6%

- 21-25

Net margin

-26.2%

- 21-25

EBITDA margin

-20.9%

- 21-25

Interest coverage

-10.61

- 21-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	€57k
EBITDA	€-12k
Net profit	€-15k
Cash flow	€-13k
Staff costs	€19k
Income taxes	€192
Dividends	-
Total assets	€27k
Equity	€10k
Debt	€18k
of which ≤ 1y	€18k
of which > 1y	-
Working capital	€6k
Employees (FTE)	1.2

Ratios (computed)

	2025
Current ratio	1.34
Quick ratio	1.34
Working capital ratio	21.8%
Solvency	35.3%
Debt / equity	1.83
Long-term debt ratio	-
Interest coverage	-10.61
Gross margin	20.5%
Net margin	-26.2%
ROA	-54.6%
ROE	-154.5%
EBITDA margin	-20.9%
Days sales outstanding	36d
Days payable outstanding	2d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €4k · 13.5% Current assets €24k · 86.5%

Equity & liabilities

Equity €10k · 35.3% Debt €18k · 64.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€27k
Fixed assets	21/28	€4k
Tangible fixed assets	22/27	€4k
Current assets	29/58	€24k
Amounts receivable within one year	40/41	€6k
Cash & bank	54/58	€18k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€27k
Equity	10/15	€10k
Contributions / capital	10/11	€15k
Accumulated profits (losses)	14	€-5k
Amounts payable	17/49	€18k
Amounts payable within one year	42/48	€18k
Trade debts payable within one year	44	€239
Income statement
Turnover	70	€57k
Gross operating margin	9900	€14k
Operating result	9901	€-14k
Financial charges	65	€1k
Result before taxes	9903	€-15k
Income taxes	67/77	€192
Net result for the period	9904	€-15k
Result to be appropriated	9905	€-15k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

30 / 100 Weak

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

2 directors

Current directors & mandates

Ajeet Singh
Director
State Gazette act 25081269 (30-06-2025)

Current
31-03-2025 → present

Former directors (1)

Avtar Shergill
Director
State Gazette act 25081269 (30-06-2025)

Former
- → 31-03-2025

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Wassen en poetsen van motorvoertuigen(95316)
Legal form	Private limited company(610)
Incorporation	12-01-2021
Status	Active
Postal code	7130

Structure & network

Locations & real estate

Registered office

on the map · from the address register

approximate (street level) On OpenStreetMap

Establishment units

1 location

JAPJI

Avenue Léopold III(BR) 38, 7130 BincheLederfinishingbedrijf

since 20212.312.968.067

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1.8 ha

Buildings1

Building footprint109 m²

Volume (LiDAR)264 m³

Tallest building2.9 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
55005C0242/00G000indicative	Wallonia	1.8 ha	1 · 109 m²	2.9 m · 1 fl.

Methodology

via registered seat: 1

0 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

All acts · 1 updated 1 year ago

2025

30-06-2025 1 director appointed, 1 resigning Director changes

Ajeet Singh, Bestuurder
Avtar Shergill, Bestuurder

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

48 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 30

Profitability 0

Solvency 63

Growth 55

Stability 94

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Credit advice

verdict per customer and amount

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We hold annual accounts for 228 of the 3,194 companies in this sector. 185 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Wassen en poetsen van motorvoertuigen45206Wassen en poetsen van motorvoertuigen95316

Primary activity highlighted.

Names & trade names

Legal nameFR

JAPJI

Registered office

Avenue Léopold III(BR) 38

7130 Binche, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.