JAPO
ActiveSummary
JAPO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €451,273 and a net result of €395,748. Equity is growing by ~23.3% per year across the filed fiscal years. Its solvency ranks better than 42% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency65▼-17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.63 against 1.01 in 2024; short-term debt: 59.1% and cash: 5.5% of total assets), and 59.7% of the assets are financed with debt.
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Signals
Three 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.3%
Return on assets
35.3%
Age of the figures
13 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 05-01-2026, 85 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
85 d early
2024
101 d early
2023
145 d early
2022
81 d early
2021
3 d early
2020
9 d early
2019
67 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 70 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close27-09-2026 today31-03-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€451,273▼ 38.7%
2024 · €735,887
Total assets
€1.1m▼ 13.8%
2024 · €1.3m
Net result
€395,748▼ 3.5%
2024 · €409,897
Working capital
-€243,812
2024 · €4,636
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
Line20212022202320242025
Operating result€260,704▲ 11.3%€178,395▼ 31.6%€206,864▲ 16.0%€536,457▲ 159%€521,737▼ 2.7%
Net result€179,880above the sector's middle half▲ 14.0%€113,003above the sector's middle half▼ 37.2%€137,986above the sector's middle half▲ 22.1%€409,897above the sector's middle half▲ 197%€395,748above the sector's middle half▼ 3.5%
Equity€484,899above the sector's middle half▲ 59.0%€597,902above the sector's middle half▲ 23.3%€735,887above the sector's middle half▲ 23.1%€735,887above the sector's middle half=€451,273above the sector's middle half▼ 38.7%
Total assets€1.1mabove the sector's middle half▲ 80.4%€1.0mabove the sector's middle half▼ 3.4%€999,950above the sector's middle half▼ 4.4%€1.3mabove the sector's middle half▲ 30.1%€1.1mabove the sector's middle half▼ 13.8%
Debt€597,385▲ 102%€447,605▼ 25.1%€264,062▼ 41.0%€564,920▲ 114%€669,760▲ 18.6%
Working capital-€124,600-€81,842▲ 34.3%€32,087€4,636▼ 85.6%-€243,812
Solvency44.8%within the sector's middle half▼ 6.0pp57.2%within the sector's middle half▲ 12.4pp73.6%within the sector's middle half▲ 16.4pp56.6%within the sector's middle half▼ 17.0pp40.3%within the sector's middle half▼ 16.3pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€701,857 ▼ 8.9%
Current assets
€419,177 ▼ 20.9%
Equity and liabilities €1.1m
Equity
€451,273 ▼ 38.7%
Debt
€669,760 ▲ 18.6%
Debt's share of the balance-sheet total rises from 43.4% to 59.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€590,468▼
2024 · €605,432
Cash flow
€464,479▼
2024 · €478,872
Current ratio
0.63▼
2024 · 1.01
Debt to equity
1.48▲
2024 · 0.77
ROE
87.7%▲
2024 · 55.7%
ROA
35.3%▲
2024 · 31.5%
Interest coverage
418.24▲
2024 · 248.55
Debt ≤ 1 year
€662,989▲
2024 · €525,583
Debt > 1 year
€0▼
2024 · €36,667
Income taxes
€129,380▼
2024 · €133,646
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,776 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
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 0.3% 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 497,058 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% | 1.6% |
| 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 74% 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 6,776 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,650 | €67,552 | €68,708 | €68,975 | €68,731 | ▼ 0.4% |
| Other operating charges640/8 | - | €793 | €652 | €1,411 | €1,935 | ▲ 37.1% |
| Gross operating margin9900 | €292,700 | €246,740 | €276,224 | €606,843 | €592,402 | ▼ 2.4% |
| Operating profit (loss)9901 | €260,704 | €178,395 | €206,864 | €536,457 | €521,737 | ▼ 2.7% |
| Financial income75/76B | - | €588 | €878 | €9,522 | €4,803 | ▼ 49.6% |
| Recurring financial income75 | €3,036 | €588 | €878 | €9,522 | €4,803 | ▼ 49.6% |
| Financial charges65/66B | - | €8,063 | €7,093 | €2,436 | €1,412 | ▼ 42.0% |
| Recurring financial charges65 | €4,129 | €8,063 | €7,093 | €2,436 | €1,412 | ▼ 42.0% |
| Profit (loss) for the period before taxes9903 | €259,612 | €170,920 | €200,649 | €543,543 | €525,128 | ▼ 3.4% |
| Income taxes67/77 | €79,732 | €57,917 | €62,663 | €133,646 | €129,380 | ▼ 3.2% |
| Profit (loss) for the period9904 | €179,880 | €113,003 | €137,986 | €409,897 | €395,748 | ▼ 3.5% |
| Profit (loss) for the period to be appropriated9905 | €179,880 | €113,003 | €137,986 | €409,897 | €395,748 | ▼ 3.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.0m | €999,950 | €1.3m | €1.1m | ▼ 13.8% |
| Fixed assets21/28 | €910,166 | €896,620 | €832,662 | €770,588 | €701,857 | ▼ 8.9% |
| Tangible fixed assets22/27 | €910,166 | €896,620 | €832,662 | €770,588 | €701,857 | ▼ 8.9% |
| Land and buildings22 | - | €652,468 | €632,844 | €610,238 | €588,067 | ▼ 3.6% |
| Plant, machinery and equipment23 | - | €8,947 | €7,712 | €4,869 | €2,098 | ▼ 56.9% |
| Furniture and vehicles24 | - | €235,204 | €192,106 | €155,481 | €111,692 | ▼ 28.2% |
| Current assets29/58 | €172,118 | €148,887 | €167,288 | €530,220 | €419,177 | ▼ 20.9% |
| Amounts receivable after more than one year29 | - | - | €50,000 | €50,000 | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | €50,000 | €50,000 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €105,822 | €67,541 | €49,737 | €435,742 | €323,010 | ▼ 25.9% |
| Trade receivables40 | - | €45,459 | €49,737 | €155,690 | €323,010 | ▲ 107% |
| Other amounts receivable41 | - | €22,083 | €0 | €280,052 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €63,569 | €76,968 | €61,128 | €36,740 | €61,348 | ▲ 67.0% |
| Deferred charges and accrued income490/1 | - | €4,378 | €6,423 | €7,737 | €34,819 | ▲ 350% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.0m | €999,950 | €1.3m | €1.1m | ▼ 13.8% |
| Equity10/15 | €484,899 | €597,902 | €735,887 | €735,887 | €451,273 | ▼ 38.7% |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €466,349 | €579,352 | €717,337 | €717,337 | €432,723 | ▼ 39.7% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €579,352 | €717,337 | €717,337 | €432,723 | ▼ 39.7% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €597,385 | €447,605 | €264,062 | €564,920 | €669,760 | ▲ 18.6% |
| Amounts payable after more than one year17 | €300,667 | €212,667 | €124,667 | €36,667 | €0 | ▼ 100% |
| Financial debts170/4 | - | €212,667 | €124,667 | €36,667 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €296,718 | €230,730 | €135,201 | €525,583 | €662,989 | ▲ 26.1% |
| Current portion of amounts payable after more than one year42 | - | €88,000 | €88,000 | €88,000 | €36,667 | ▼ 58.3% |
| Trade debts44 | €38,007 | €809 | €971 | €5,193 | €28,012 | ▲ 439% |
| Suppliers440/4 | - | €809 | €971 | €5,193 | €28,012 | ▲ 439% |
| Taxes, remuneration and social security45 | - | €27,413 | €36,310 | €22,494 | €39,074 | ▲ 73.7% |
| Taxes450/3 | - | €27,413 | €36,310 | €22,494 | €39,074 | ▲ 73.7% |
| Other amounts payable47/48 | - | €114,507 | €9,920 | €409,897 | €559,236 | ▲ 36.4% |
| Accrued charges and deferred income492/3 | - | €4,209 | €4,195 | €2,670 | €6,772 | ▲ 154% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €179,880 | €113,003 | €137,986 | €409,897 | €395,748 | ▼ 3.5% |
| + Depreciation and write-downs630 | €31,650 | €67,552 | €68,708 | €68,975 | €68,731 | ▼ 0.4% |
| Operating cash flow (approximation) | €211,530 | €180,555 | €206,693 | €478,872 | €464,479 | ▼ 3.0% |
| Investment in fixed assets (approximation) | - | -€54,006 | -€4,750 | -€6,901 | €0 | ▲ 100% |
| Change in cash | - | €13,399 | -€15,840 | -€24,388 | €24,608 | ▲ 201% |
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
Next filing, fiscal year 2026, expected by
2026
18-02
State Gazette act
Merger · Capital
Corporate purpose · Board composition · Stijn RIJCKBOSCH
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-12
State Gazette act
Demerger · Corporate purpose
Board composition · Permanent representative
25-11
State Gazette act
Merger · Accounting effect
Capital · Shareholding
07-07
State Gazette act
General meeting · Director appointment
Permanent representative · Board meeting
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-08
Financial
Highest result since 2019net €409,897 ▲197%
Operating result €536,457, net result €409,897, both a record.
2023
07-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
Financial
Weakest financial yearnet €113,003 ▼37.2%
Net result drops to €113,003, the lowest in the series; recovery starts the following year.
31-08
Financial
Equity above €500,000Eq €597,902 ▲23.3%
4 profitable years in a row build equity to €597,902.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Show earlier events
2021
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
Financial
Equity above €200,000Eq €305,019 ▲107%
2 profitable years in a row build equity to €305,019.
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneState Gazette actNBB 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, Antwerpen · 1 establishment unit since 2017
Ground area
274 m²
Building footprint
236 m²
Volume, LiDAR
2,662 m³
Parcel 11810K2757/00C008, Flanders · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
JAPO
since 20172.269.025.285
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K2757/00C008 | Flanders | 274 m² | 1 · 236 m² | 15.4 m · 4 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
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
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Linked via shared directors
Fedustria
Shared director
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
8 locations
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. 6,020 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-09-2017
Fiscal year end31-08
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0681592373
Also
9925:BE0681592373
Registered
14-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.