JASAM
ActiveSummary
JASAM has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €945,937 and a net result of €59,256. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 4209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▲+16
Solvency72▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.72 in 2024; short-term debt: 52.9% and cash: 7.4% of total assets), but 52.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Retail trade (NACE 47)
about 45% more 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 2025Solvency, return and age of the figures
Solvency
47.1%
Return on assets
2.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
18 d late
2023
30 d late
2022
10 d late
2021
22 d late
2020
26 d late
2019
28 d late
← 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 23 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€59,256
2024 · -€5,303
Working capital
€906,131▲ 8.7%
2024 · €833,504
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€432,772▲ 160%€58,532▼ 86.5%€33,971▼ 42.0%-€7,611€67,377
Net result€331,507above the sector's middle half▲ 109%€6,496within the sector's middle half▼ 98.0%€14,404within the sector's middle half▲ 122%-€5,303below the sector's middle half€59,256within the sector's middle half
Equity€871,086above the sector's middle half▲ 61.4%€877,581above the sector's middle half▲ 0.7%€891,985above the sector's middle half▲ 1.6%€886,682above the sector's middle half▼ 0.6%€945,937within the sector's middle half▲ 6.7%
Total assets€2.0mabove the sector's middle half▼ 6.1%€2.1mabove the sector's middle half▲ 8.4%€2.2mabove the sector's middle half▲ 3.2%€2.1mabove the sector's middle half▼ 6.4%€2.0mwithin the sector's middle half▼ 2.0%
Debt€1.1m▼ 29.7%€1.2m▲ 14.6%€1.3m▲ 4.2%€1.2m▼ 10.3%€1.1m▼ 8.6%
Working capital€811,708▲ 70.5%€830,694▲ 2.3%€818,055▼ 1.5%€833,504▲ 1.9%€906,131▲ 8.7%
Solvency44.5%within the sector's middle half▲ 18.6pp41.3%within the sector's middle half▼ 3.1pp40.7%within the sector's middle half▼ 0.6pp43.2%within the sector's middle half▲ 2.5pp47.1%within the sector's middle half▲ 3.8pp
Staff (FTE)15.1above the sector's middle half▼ 3.2%13.7above the sector's middle half▼ 9.3%14.5above the sector's middle half▲ 5.8%0below the sector's middle half▼ 100%11.6within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €67,377 after a loss of €7,611 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€39,807 ▼ 25.1%
Current assets
€2.0m ▼ 1.4%
Equity and liabilities €2.0m
Equity
€945,937 ▲ 6.7%
Debt
€1.1m ▼ 8.6%
Debt's share of the balance-sheet total falls from 56.8% to 52.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€85,233▲
2024 · €14,210
Cash flow
€77,111▲
2024 · €16,518
Current ratio
1.85▲
2024 · 1.72
Quick ratio
0.69▼
2024 · 0.70
Debt to equity
1.12▼
2024 · 1.31
ROE
6.3%▲
2024 · -0.6%
ROA
2.9%▲
2024 · -0.3%
Interest coverage
1.75▲
2024 · 0.27
Debt ≤ 1 year
€1.1m▼
2024 · €1.2m
Income taxes
€29,578▲
2024 · €13,511
Staff costs
€592,779▼
2024 · €614,594
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
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 0.4% 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 14,684 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €586,290 | €583,973 | €621,327 | €614,594 | €592,779 | ▼ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,414 | €17,912 | €21,266 | €21,821 | €17,855 | ▼ 18.2% |
| Other operating charges640/8 | €2,590 | €28,919 | €33,669 | €34,017 | €38,187 | ▲ 12.3% |
| Gross operating margin9900 | €1.0m | €689,336 | €710,233 | €662,820 | €716,199 | ▲ 8.1% |
| Operating profit (loss)9901 | €432,772 | €58,532 | €33,971 | -€7,611 | €67,377 | ▲ 985% |
| Financial income75/76B | €46,662 | €51,547 | €36,153 | €68,282 | €70,294 | ▲ 2.9% |
| Recurring financial income75 | €46,662 | €51,547 | €36,153 | €68,282 | €70,294 | ▲ 2.9% |
| Financial charges65/66B | €37,777 | €31,413 | €36,666 | €52,463 | €48,838 | ▼ 6.9% |
| Recurring financial charges65 | €37,777 | €31,413 | €36,666 | €52,463 | €48,838 | ▼ 6.9% |
| Profit (loss) for the period before taxes9903 | €441,657 | €78,666 | €33,458 | €8,207 | €88,833 | ▲ 982% |
| Income taxes67/77 | €110,150 | €72,170 | €19,054 | €13,511 | €29,578 | ▲ 119% |
| Profit (loss) for the period9904 | €331,507 | €6,496 | €14,404 | -€5,303 | €59,256 | ▲ 1,217% |
| Profit (loss) for the period to be appropriated9905 | €331,507 | €6,496 | €14,404 | -€5,303 | €59,256 | ▲ 1,217% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €2.1m | €2.2m | €2.1m | €2.0m | ▼ 2.0% |
| Fixed assets21/28 | €59,378 | €46,887 | €73,930 | €53,178 | €39,807 | ▼ 25.1% |
| Tangible fixed assets22/27 | €58,128 | €45,637 | €72,680 | €51,928 | €38,557 | ▼ 25.7% |
| Plant, machinery and equipment23 | €35,342 | €29,489 | €22,991 | €14,737 | €11,382 | ▼ 22.8% |
| Furniture and vehicles24 | €22,786 | €16,149 | €49,689 | €37,191 | €27,174 | ▼ 26.9% |
| Financial fixed assets28 | €1,250 | €1,250 | €1,250 | €1,250 | €1,250 | = |
| Current assets29/58 | €1.9m | €2.1m | €2.1m | €2.0m | €2.0m | ▼ 1.4% |
| Stocks and contracts in progress3 | €1.2m | €1.3m | €1.2m | €1.2m | €1.2m | ▲ 4.2% |
| Stocks30/36 | €1.2m | €1.3m | €1.2m | €1.2m | €1.2m | ▲ 4.2% |
| Amounts receivable within one year40/41 | €108,700 | €78,947 | €117,035 | €163,728 | €87,264 | ▼ 46.7% |
| Trade receivables40 | €108,700 | €55,628 | €40,571 | €0 | - | - |
| Other amounts receivable41 | - | €23,318 | €76,464 | €163,728 | €87,264 | ▼ 46.7% |
| Current investments50/53 | - | - | €500,630 | €500,000 | €500,000 | = |
| Cash at bank and in hand54/58 | €626,550 | €661,333 | €267,860 | €149,020 | €148,700 | ▼ 0.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €2.1m | €2.2m | €2.1m | €2.0m | ▼ 2.0% |
| Equity10/15 | €871,086 | €877,581 | €891,985 | €886,682 | €945,937 | ▲ 6.7% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Outside capital11 | - | - | €61,500 | €61,500 | €61,500 | = |
| Other1109/19 | - | - | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €809,586 | €816,081 | €830,485 | €825,182 | €884,437 | ▲ 7.2% |
| Non-distributable reserves130/1 | €6,150 | €6,150 | €6,150 | €0 | - | - |
| Reserves not available under the articles1311 | €6,150 | €6,150 | €6,150 | €0 | - | - |
| Distributable reserves133 | €803,436 | €809,931 | €824,335 | €825,182 | €884,437 | ▲ 7.2% |
| Amounts payable17/49 | €1.1m | €1.2m | €1.3m | €1.2m | €1.1m | ▼ 8.6% |
| Amounts payable within one year42/48 | €1.1m | €1.2m | €1.3m | €1.2m | €1.1m | ▼ 8.6% |
| Current portion of amounts payable after more than one year42 | €21,707 | - | €34,706 | €45,725 | €0 | ▼ 100% |
| Trade debts44 | €205,022 | €408,091 | €428,099 | €278,593 | €214,186 | ▼ 23.1% |
| Suppliers440/4 | €205,022 | €408,091 | €428,099 | €278,593 | €214,186 | ▼ 23.1% |
| Taxes, remuneration and social security45 | €156,658 | €133,593 | €127,700 | €120,924 | €135,053 | ▲ 11.7% |
| Taxes450/3 | €63,541 | €61,110 | €24,766 | €39,055 | €73,986 | ▲ 89.4% |
| Remuneration and social security454/9 | €93,117 | €72,483 | €102,934 | €81,869 | €61,067 | ▼ 25.4% |
| Other amounts payable47/48 | €703,305 | €703,305 | €706,961 | €718,416 | €714,490 | ▼ 0.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €331,507 | €6,496 | €14,404 | -€5,303 | €59,256 | ▲ 1,217% |
| + Depreciation and write-downs630 | €21,414 | €17,912 | €21,266 | €21,821 | €17,855 | ▼ 18.2% |
| Operating cash flow (approximation) | €352,922 | €24,408 | €35,670 | €16,518 | €77,111 | ▲ 367% |
| Investment in fixed assets (approximation) | - | -€5,422 | -€48,309 | -€1,069 | -€4,484 | ▼ 319% |
| Change in cash | - | €34,783 | -€393,473 | -€118,840 | -€319 | ▲ 99.7% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
31-12
Financial
Back to profitnet €59,256
Net result €59,256 after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 10 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
31-12
Financial
Highest result since 2018net €331,507 ▲109%
Operating result €432,772, net result €331,507, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-12
Financial
Back to profitnet €158,831
Net result €158,831 after 2 loss-making years.
31-12
Financial
Equity above €500,000Eq €539,579 ▲41.7%
Equity rises from €380,748 to €539,579.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Aalst · 1 establishment unit since 2002
Ground area
4,711 m²
Building footprint
2,878 m²
Volume, LiDAR
16,549 m³
Parcel 41304F0830/00F000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Albrechtlaan 50, 9300 Aalst
since 20022.114.530.021
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41304F0830/00F000 | Flanders | 4,711 m² | 1 · 2,878 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAalst2.114.530.021
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Of 1,719 companies in sector 47521 we hold annual accounts for 1,287. 943 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477868520
Also
9925:BE0477868520
Registered
24-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.