Public limited company · founded 2001 · 24 yrs activeKorte Keppestraat 23, 9320 Aalst, BelgiumKBO/BCE: BE 0475.967.518
Summary
The annual accounts of JAVAS for fiscal year 2024 show a net loss of 66% of total assets and of 197% of the equity at the start of that year. The 2024 annual accounts show equity of €126,001 and a net result of -€180,634. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2024
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability0▼-5
Solvency71▲+18
Growth35▲+13
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.7%Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.94 against 0.88 in 2023; short-term debt: 48.6% and cash: 13.7% of total assets), and 53.8% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 36 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 45% 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. Usually files around 29 June (5 of the last 5 filed years within 30 days of that day).
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
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 30 October 2001, JAVAS was incorporated.1The registered office moved to Haaltert in 2012, to Aalst-Erembodegem in 2016 and to Erembodegem in 2025.234The capital was increased 6 times between 2018 and 2025, most recently to EUR 696,641.567Of the 3 current board members, ODDS & OVERLAY has served longest, since 2015.8Revenue went from EUR 749,347 in 2018 to EUR 285,645 in 2020 and headcount from 3.2 full-time equivalents in 2018 to 4.8 in 2024.9
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 92, Gambling and betting activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
Net result-€90,518below the sector's middle half-€80,663below the sector's middle half▲ 10.9%-€88,140below the sector's middle half▼ 9.3%-€35,360below the sector's middle half▲ 59.9%-€180,634below the sector's middle half▼ 411%
EBIT margin-31.4%▼ 36.1pp
Equity€45,799below the sector's middle half▼ 66.4%-€34,864below the sector's middle half€26,995below the sector's middle half€91,635below the sector's middle half▲ 239%€126,001within the sector's middle half▲ 37.5%
Total assets€148,106below the sector's middle half▼ 41.8%€201,565below the sector's middle half▲ 36.1%€174,863below the sector's middle half▼ 13.2%€327,546within the sector's middle half▲ 87.3%€272,721within the sector's middle half▼ 16.7%
Working capital-€68,381below the sector's middle half-€196,184below the sector's middle half▼ 187%-€110,755below the sector's middle half▲ 43.5%-€28,852below the sector's middle half▲ 73.9%-€8,363below the sector's middle half▲ 71.0%
Solvency30.9%below the sector's middle half▼ 22.6pp-17.3%below the sector's middle half▼ 48.2pp15.4%below the sector's middle half▲ 32.7pp28.0%below the sector's middle half▲ 12.5pp46.2%within the sector's middle half▲ 18.2pp
Current ratio0.30below the sector's middle half▼ 0.820.16below the sector's middle half▼ 0.150.22below the sector's middle half▲ 0.060.88below the sector's middle half▲ 0.650.94below the sector's middle half▲ 0.06
Return on assets (ROA)-61.1%below the sector's middle half▼ 65.8pp-40.0%below the sector's middle half▲ 21.1pp-50.4%below the sector's middle half▼ 10.4pp-10.8%below the sector's middle half▲ 39.6pp-66.2%below the sector's middle half▼ 55.4pp
Staff (FTE)3.7within the sector's middle half▼ 2.6%3.4within the sector's middle half▼ 8.1%4.4within the sector's middle half▲ 29.4%4.9within the sector's middle half▲ 11.4%4.8within the sector's middle half▼ 2.0%
abovewithinbelowthe middle half (P25 to P75) of NACE 92, Gambling and betting activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €182,430 in 2024 against €34,427 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €272,721
54.5%
45.5%
Fixed assets€148,532 ▲ 23.3%
Current assets€124,189 ▼ 40.0%
Equity and liabilities €272,721
46.2%
48.6%
Equity€126,001 ▲ 37.5%
Provisions€14,168
Debt€132,552 ▼ 43.8%
Debt's share of the balance-sheet total falls from 72.0% to 48.6%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€159,944▼
2023 · -€9,814
Cash flow
-€158,148▼
2023 · -€10,747
Debt to equity
1.05▼
2023 · 2.57
ROE
-143.4%▼
2023 · -38.6%
Interest coverage
-213.63▼
2023 · -8.32
Debt ≤ 1 year
€132,552▼
2023 · €235,910
Staff costs
€230,066▲
2023 · €210,011
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
Micro
20 years or older
solvency 30% or more
a loss of 10% of the balance sheet or more
1.7%went bankrupt
13%stopped otherwise
84%still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
The companies in ten equal groups, from lowest to highest expected share.
Group
Expected
Actual
1
0.2%
0.2%
2
0.3%
0.5%
3
0.5%
0.6%
4
0.7%
0.8%
5
0.9%
1.0%
6
1.3%
1.5%
7
1.6%
1.8%
8
1.8%
1.8%
9
3.0%
3.1%
10
5.6%
6.2%
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 5,834 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
Filed annual accountsAs filed with the NBB · 2024 against 2023 · 49 lines
Balance sheetCode20232024
Assets
Total assets20/58€327,546€272,721▼
Fixed assets21/28€120,487€148,532▲
Tangible fixed assets22/27€45,398€73,442▲
Plant, machinery and equipment23€27,658€57,690▲
Other tangible fixed assets26€17,740€15,752▼
Financial fixed assets28€75,090€75,090=
Current assets29/58€207,058€124,189▼
Amounts receivable within one year40/41€149,760€85,966▼
Trade receivables40€4,761€15,988▲
Other amounts receivable41€144,999€69,979▼
Cash at bank and in hand54/58€57,298€37,328▼
Deferred charges and accrued income490/1-€895
Equity and liabilities
Total equity and liabilities10/49€327,546€272,721▼
Demerger, Afsplitsing van het Af te Splitsen Gedeelte (materieel vaste activa in de vorm van automatische kansspelen en de Samenwerkingsovereenkomst met tussenpersoonstel…
Accounting effect, 01-01-2018
Net-asset statement, 31-12-2017
Net-asset statement, 31-12-2017
Share issue, Nieuwe aandelen op naam zonder nominale waarde uitgegeven aan WGG NV
Power of attorney, Tom De Clercq
2017
27-12
State Gazette actMiscellaneous
General meeting1 fact ▸
General meeting, 27-11-2017
13-11
State Gazette actAppointment: Odds & Overlay BVBA (director)
Permanent representative: Tom De Clercq · Power of attorney4 facts ▸
General meeting, 20/12/2016
Director appointment, Odds & Overlay BVBA (director)
Permanent representative, Tom De Clercq
Power of attorney, Javas
28-07
NBB filingAnnual accounts filed
fiscal year 2016 · full schema
18-05
State Gazette actCapital & shares · Statutes amendment
Capital · Governance arrangement4 facts ▸
General meeting, 21-02-2017
Statutes amendment
Capital, €62.000
Governance arrangement, Bestuursaangelegenheden (Art. 15) en Aandeelhoudersaangelegenheden (Art. 22) vereisen voorafgaande goedkeuring door de raad van bestuur van NGG
2016
19-08
State Gazette actResignation: Mieke Michiels (director)
Appointment: Tim De Borle (director) · Permanent representative: Tom De Clercq · Director discharge6 facts ▸
General meeting, 30-03-2016
Director resignation, Mieke Michiels (director)
Director discharge, Mieke Michiels
Director appointment, Tim De Borle (director)
Mandate compensation, Tim De Borle
Permanent representative, Tom De Clercq
08-03
State Gazette actAppointment: BVCVBA ERNST & YOUNG (statutory auditor)
Director reappointment, Callaert Yvette (director)
Director appointment, Immo Loca NV (director)
Permanent representative, Foucart Kris
Board meeting, 01-10-2009
Director reappointment, Foucart Kris (managing director)
2008
29-09
State Gazette actResignation: Marie Christine Hou (director)
Appointment: Yvette Callaert (director)3 facts ▸
General meeting, 14-08-2008
Director resignation, Marie Christine Hou (director)
Director appointment, Yvette Callaert (director)
2004
26-01
State Gazette actCapital & shares · Statutes amendment
2 facts ▸
General meeting, 24-12-2003
Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
30 of 30 acts read
Directors · office · real estate
Directors and office
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
2 directors, 2 in day-to-day management, no change since 2025
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Europaweg 323, 9620 ZottegemFood and beverage service activities
since 20022.095.855.541
2 parcels
Flanders2(100%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
41342B0932/00D000
Flanders
1.7 ha
1 · 2,128 m²
58.8 m · 9 fl.
41013B0024/00Z000
Flanders
1,899 m²
1 · 394 m²
8.4 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Het uitbaten van restaurant; motel; dateplace; horeca-activiteiten in het algemeen, traiteur, dancing; het uitbaten van een casino en/of speelhal en/of lunapark en ontwikkeling van…
Full purpose
Het uitbaten van restaurant; motel; dateplace; horeca-activiteiten in het algemeen, traiteur, dancing; het uitbaten van een casino en/of speelhal en/of lunapark en ontwikkeling van alle activiteiten en dienstverlening in verband met de aankoop, verkoop, huur en verhuur en uitbating, onderhuur, onderverhuur van kansspelen en amusementsspelen
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
According to the 2024 annual accounts of JAVAS and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
26 connected companies
Depth
Shared directorsBundled connections
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 505 companies in sector 92000 we hold annual accounts for 301. 220 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPublic limited company
Founded30-10-2001
Fiscal year end31-12
Activities, NACEBEL 2025
92000Gambling and betting activities
E-invoicing
Reachable via Peppol
Peppol ID0208:0475967518
Registered01-08-2021
If you follow this company, Checked tells you the day it leaves the Peppol register.