JASCOR

Active

Private limited companyfounded 200620 yrs activeBernhard-Willems-Strasse 34, 4780 Sankt Vith, BelgiumKBO/BCE: BE 0879.480.093

JASCOR has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.02M and a net result of €2.20M. Equity is growing by ~54.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2024

67 / 100

Healthy▲ +13 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency60▲+48

Growth72▼-6

Stability100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €24k at 30 days acceptable

Liquidity short (current ratio 0.2 against 0.05 in 2023), and 51.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

48.6%

Return on assets

35.5%

Age of the figures

20 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-06-2025, 55 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

55 d early

2023

54 d early

2022

17 d early

2021

22 d early

2020

32 d early

2019

13 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, unclassified schema

Turnover

€241k▼ 3.4%

2023 · €249k

2021: €192k 2022: €209k 2023: €249k

2021 → 2024

EBIT margin

20.1%▼ 11.5pp

2023 · 31.6%

2021: 53.7% 2022: -12.1% 2023: 31.6%

2021 → 2024

Net result

€2.20M▲ 125%

2023 · €976k

2018: €-97 2019: €-39k 2020: €523k 2021: €143k 2022: €180k 2023: €976k

2018 → 2024

Working capital

€-586k▲ 73.6%

2023 · €-2.22M

2019: €-301k 2020: €-82k 2021: €-173k 2022: €-504k 2023: €-2.22M

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€192k€209k▲ 8.7%€249k▲ 19.6%€241k▼ 3.4%

Equity€446k-€589k▲ 32.0%€379k▼ 35.6%€1.07M▲ 181%€3.02M▲ 183%

Operating result€67k-€103k▲ 54.0%€-25k€79k€49k▼ 38.4%

Net result€523k-€143k▼ 72.7%€180k▲ 26.1%€976k▲ 442%€2.20M▲ 125%

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 38% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €6.20M

97.7%

Fixed assets €6.06M▲ 3.7%

Current assets €143k▲ 18.1%

Equity and liabilities €6.20M

48.6%

51.4%

Equity €3.02M▲ 183%

Debt €3.19M▼ 34.9%

The debt ratio falls from 82.1% to 51.4%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€171k▼

2023 · €201k

Cash flow

€2.32M▲

2023 · €1.10M

Solvency

48.6%▲

2023 · 17.9%

Current ratio

0.20▲

2023 · 0.05

Quick ratio

0.20▲

2023 · 0.05

Debt / equity

1.06▼

2023 · 4.60

ROE

73.0%▼

2023 · 91.6%

ROA

35.5%▲

2023 · 16.4%

Interest coverage

1.55▼

2023 · 2.56

Debt

€3.19M▼

2023 · €4.90M

Debt ≤ 1 year

€730k▼

2023 · €2.34M

Debt > 1 year

€2.46M▼

2023 · €2.56M

Staff costs

€59▼

2023 · €118

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€5.97M€6.20M▲

Fixed assets21/28€5.85M€6.06M▲

Intangible fixed assets21€918-

Tangible fixed assets22/27€1.34M€1.56M▲

Land and buildings22€1.23M€1.46M▲

Furniture and vehicles24€112k€92k▼

Financial fixed assets28€4.50M€4.51M▲

Affiliated companies280/1€4.50M€4.51M▲

Participating interests280€4.30M€4.30M=

Amounts receivable281€201k€204k▲

Current assets29/58€121k€143k▲

Stocks and contracts in progress3€318€320▲

Stocks30/36€318€320▲

Goods purchased for resale34€318€320▲

Amounts receivable within one year40/41€68k€27k▼

Trade receivables40€66k€25k▼

Other amounts receivable41€1k€2k▲

Current investments50/53-€102k

Other investments51/53-€102k

Cash at bank and in hand54/58€52k€11k▼

Deferred charges and accrued income490/1€2k€3k▲

Equity and liabilities

Total equity and liabilities10/49€5.97M€6.20M▲

Equity10/15€1.07M€3.02M▲

Contributions10/11€19k€19k=

Profit (loss) carried forward14€1.05M€3.00M▲

Amounts payable17/49€4.90M€3.19M▼

Amounts payable after more than one year17€2.56M€2.46M▼

Financial debts170/4€2.09M€2.09M▼

Credit institutions173€2.09M€1.73M▼

Other loans174-€355k

Other amounts payable178/9€468k€374k▼

Amounts payable within one year42/48€2.34M€730k▼

Current portion of amounts payable after more than one year42€2.02M€456k▼

Trade debts44€3k€10k▲

Suppliers440/4€3k€10k▲

Taxes, remuneration and social security45€23k€14k▼

Taxes450/3€21k€13k▼

Remuneration and social security454/9€2k€1k▼

Other amounts payable47/48€291k€250k▼

Income statement Code20232024

Operating income70/76A€297k€289k▼

Turnover70€249k€241k▼

Other operating income74€47k€48k▲

Operating charges60/66A€218k€240k▲

Goods for resale, raw materials and consumables60€5k€3k▼

Purchases600/8€5k€3k▼

Change in stocks: decrease (increase)609€-31€-2▲

Services and other goods61€88k€112k▲

Remuneration, social security and pensions62€118€59▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€123k€122k▼

Other operating charges640/8€3k€3k▼

Operating profit (loss)9901€79k€49k▼

Financial income75/76B€986k€2.26M▲

Recurring financial income75€986k€2.26M▲

Income from financial fixed assets750€986k€2.26M▲

Other financial income752/9€0€1▲

Financial charges65/66B€80k€111k▲

Recurring financial charges65€80k€111k▲

Debt charges650€79k€110k▲

Other financial charges652/9€1k€681▼

Profit (loss) for the period before taxes9903€985k€2.20M▲

Income taxes67/77€8k-

Taxes670/3€8k-

Profit (loss) for the period9904€976k€2.20M▲

Profit (loss) for the period to be appropriated9905€976k€2.20M▲

Appropriation of the result

Profit (loss) to be appropriated9906€1.34M€3.25M▲

Profit (loss) brought forward from the previous period14P€361k€1.05M▲

Profit to be distributed694/7€290k€250k▼

Return on contributions (dividend)694€290k€250k▼

The notes to these accounts (47 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 17Financial 7Filings 10

2025

06-06

NBB filing Annual accounts filed

fiscal year 2024 · unclassified schema

2024

31-12

Financial Highest result since 2018net €2.20M ▲125%

Net result €2.20M, the highest in the series.

31-12

Financial Equity above €2MEq €3.02M ▲183%

5 profitable years in a row build equity to €3.02M.

07-06

NBB filing Annual accounts filed

fiscal year 2023 · unclassified schema

2023

31-12

Financial Equity above €1MEq €1.07M ▲181%

4 profitable years in a row build equity to €1.07M.

14-07

NBB filing Annual accounts filed

fiscal year 2022 · unclassified schema

2022

09-07

NBB filing Annual accounts filed

fiscal year 2021 · unclassified schema

2021

31-12

Financial Equity above €500kEq €589k ▲32%

2 profitable years in a row build equity to €589k.

29-06

NBB filing Annual accounts filed

fiscal year 2020 · unclassified schema

2020

31-12

Financial Back to profitnet €523k

Net result €523k after 2 loss-making years.

31-12

Financial Equity above €200kEq €446k

Equity rises from €-77k to €446k.

13-08

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 13 days late

2019

31-12

Financial Weakest financial yearnet €-39k

Net result drops to €-39k, the lowest in the series; recovery starts the following year.

14-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 14 days late

2018

04-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

19-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

28-05

NBB filing Annual accounts filed

fiscal year 2015 · full schema

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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