JAWICO
ActiveSummary
JAWICO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €247,083 and a net result of €21,439. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 51% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▼-9
Solvency56▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity short (current ratio 0.67 against 0.56 in 2024; short-term debt: 58.8% and cash: 30.8% of total assets), and 69.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-09-2025, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
58 d early
2023
on the day
2022
3 d early
2021
5 d early
2020
5 d late
2019
27 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 17 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 26 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€30,000
EBIT margin
111.6%
Net result
€21,439▲ 31.7%
2024 · €16,273
Working capital
-€154,865▲ 20.5%
2024 · -€194,878
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Turnover€30,000
Operating result€33,298▼ 11.5%€16,398▼ 50.8%€21,449▲ 30.8%€33,493▲ 56.1%€38,944▲ 16.3%
Net result€19,647within the sector's middle half▼ 21.3%€8,550within the sector's middle half▼ 56.5%€12,285within the sector's middle half▲ 43.7%€16,273within the sector's middle half▲ 32.5%€21,439within the sector's middle half▲ 31.7%
EBIT margin111.6%
Equity€188,536within the sector's middle half▲ 11.6%€197,086within the sector's middle half▲ 4.5%€209,371within the sector's middle half▲ 6.2%€225,644within the sector's middle half▲ 7.8%€247,083within the sector's middle half▲ 9.5%
Total assets€425,238within the sector's middle half▲ 0.5%€585,229within the sector's middle half▲ 37.6%€696,833within the sector's middle half▲ 19.1%€749,597within the sector's middle half▲ 7.6%€802,549within the sector's middle half▲ 7.1%
Debt€236,702▲ 1.0%€388,144▲ 64.0%€487,462▲ 25.6%€523,953▲ 7.5%€555,466▲ 6.0%
Working capital-€105,852below the sector's middle half▲ 1.0%-€223,628below the sector's middle half▼ 111%-€224,841below the sector's middle half▼ 0.5%-€194,878below the sector's middle half▲ 13.3%-€154,865below the sector's middle half▲ 20.5%
Solvency44.3%within the sector's middle half▲ 4.4pp33.7%within the sector's middle half▼ 10.7pp30.0%within the sector's middle half▼ 3.6pp30.1%within the sector's middle half▲ 0.1pp30.8%within the sector's middle half▲ 0.7pp
Current ratio0.52within the sector's middle half▲ 0.050.42within the sector's middle half▼ 0.100.44within the sector's middle half▲ 0.030.56within the sector's middle half▲ 0.110.67within the sector's middle half▲ 0.12
Return on assets (ROA)4.6%within the sector's middle half▼ 1.3pp1.5%within the sector's middle half▼ 3.2pp1.8%within the sector's middle half▲ 0.3pp2.2%within the sector's middle half▲ 0.4pp2.7%within the sector's middle half▲ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 16% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €802,549
Fixed assets
€485,758 ▼ 3.9%
Current assets
€316,790 ▲ 29.9%
Equity and liabilities €802,549
Equity
€247,083 ▲ 9.5%
Debt
€555,466 ▲ 6.0%
Debt's share of the balance-sheet total falls from 69.9% to 69.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€58,871▲
2024 · €55,342
Cash flow
€41,367▲
2024 · €38,122
Quick ratio
0.65▲
2024 · 0.54
Debt to equity
2.25▼
2024 · 2.32
ROE
8.7%▲
2024 · 7.2%
Interest coverage
4.87▲
2024 · 4.47
Debt ≤ 1 year
€471,655▲
2024 · €438,790
Debt > 1 year
€72,160▼
2024 · €74,960
Income taxes
€8,040▲
2024 · €6,210
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 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 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 14,732 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €30,000 | - | - |
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €73,605 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,848 | €14,397 | €17,810 | €21,849 | €19,928 | ▼ 8.8% |
| Other operating charges640/8 | - | €18,380 | €20,314 | €9,451 | €11,875 | ▲ 25.6% |
| Gross operating margin9900 | €42,499 | €49,175 | €59,573 | €64,792 | €70,746 | ▲ 9.2% |
| Operating profit (loss)9901 | €33,298 | €16,398 | €21,449 | €33,493 | €38,944 | ▲ 16.3% |
| Financial income75/76B | - | €732 | €836 | €1,379 | €2,628 | ▲ 90.6% |
| Recurring financial income75 | €737 | €732 | €836 | €1,379 | €2,628 | ▲ 90.6% |
| Financial charges65/66B | - | €5,030 | €5,393 | €12,389 | €12,093 | ▼ 2.4% |
| Recurring financial charges65 | €4,128 | €5,030 | €5,393 | €12,389 | €12,093 | ▼ 2.4% |
| Profit (loss) for the period before taxes9903 | €29,907 | €12,100 | €16,892 | €22,483 | €29,479 | ▲ 31.1% |
| Income taxes67/77 | €10,261 | €3,550 | €4,607 | €6,210 | €8,040 | ▲ 29.5% |
| Profit (loss) for the period9904 | €19,647 | €8,550 | €12,285 | €16,273 | €21,439 | ▲ 31.7% |
| Profit (loss) for the period to be appropriated9905 | €19,647 | €8,550 | €12,285 | €16,273 | €21,439 | ▲ 31.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €425,238 | €585,229 | €696,833 | €749,597 | €802,549 | ▲ 7.1% |
| Fixed assets21/28 | €311,935 | €425,538 | €518,885 | €505,686 | €485,758 | ▼ 3.9% |
| Tangible fixed assets22/27 | €311,935 | €425,538 | €518,885 | €505,686 | €485,758 | ▼ 3.9% |
| Land and buildings22 | - | €424,178 | €518,885 | €505,686 | €485,758 | ▼ 3.9% |
| Furniture and vehicles24 | - | €1,360 | - | - | - | - |
| Current assets29/58 | €113,303 | €159,691 | €177,948 | €243,911 | €316,790 | ▲ 29.9% |
| Stocks and contracts in progress3 | €8,000 | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Stocks30/36 | - | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Amounts receivable within one year40/41 | €34,673 | €67,131 | €76,449 | €65,274 | €57,360 | ▼ 12.1% |
| Trade receivables40 | - | €44,347 | €54,097 | €44,097 | €35,199 | ▼ 20.2% |
| Other amounts receivable41 | - | €22,785 | €22,353 | €21,178 | €22,161 | ▲ 4.6% |
| Cash at bank and in hand54/58 | €68,598 | €82,318 | €91,060 | €168,315 | €247,429 | ▲ 47.0% |
| Deferred charges and accrued income490/1 | - | €2,242 | €2,440 | €2,323 | €4,002 | ▲ 72.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €425,238 | €585,229 | €696,833 | €749,597 | €802,549 | ▲ 7.1% |
| Equity10/15 | €188,536 | €197,086 | €209,371 | €225,644 | €247,083 | ▲ 9.5% |
| Contributions10/11 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Revaluation surpluses12 | - | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Reserves13 | €56,536 | €65,086 | €77,371 | €93,644 | €115,083 | ▲ 22.9% |
| Non-distributable reserves130/1 | - | €921 | €921 | €921 | €921 | = |
| Reserves not available under the articles1311 | - | €921 | €921 | €921 | €921 | = |
| Distributable reserves133 | - | €64,164 | €76,450 | €92,723 | €114,162 | ▲ 23.1% |
| Amounts payable17/49 | €236,702 | €388,144 | €487,462 | €523,953 | €555,466 | ▲ 6.0% |
| Amounts payable after more than one year17 | €13,532 | - | €79,500 | €74,960 | €72,160 | ▼ 3.7% |
| Financial debts170/4 | - | - | €79,500 | €74,960 | €72,160 | ▼ 3.7% |
| Amounts payable within one year42/48 | €219,155 | €383,319 | €402,790 | €438,790 | €471,655 | ▲ 7.5% |
| Current portion of amounts payable after more than one year42 | - | €13,532 | - | €2,682 | €2,800 | ▲ 4.4% |
| Financial debts43 | - | €4,677 | - | - | - | - |
| Credit institutions430/8 | - | €4,677 | - | - | - | - |
| Trade debts44 | €4,501 | €4,484 | €3,181 | €1,283 | €3,848 | ▲ 200% |
| Suppliers440/4 | - | €4,484 | €3,181 | €1,283 | €3,848 | ▲ 200% |
| Taxes, remuneration and social security45 | - | €2,859 | €3,100 | €3,600 | €12,510 | ▲ 247% |
| Taxes450/3 | - | €1,359 | €1,350 | €1,700 | €8,510 | ▲ 401% |
| Remuneration and social security454/9 | - | €1,500 | €1,750 | €1,900 | €4,000 | ▲ 111% |
| Other amounts payable47/48 | - | €357,768 | €396,509 | €431,225 | €452,498 | ▲ 4.9% |
| Accrued charges and deferred income492/3 | - | €4,824 | €5,172 | €10,204 | €11,650 | ▲ 14.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,647 | €8,550 | €12,285 | €16,273 | €21,439 | ▲ 31.7% |
| + Depreciation and write-downs630 | €23,848 | €14,397 | €17,810 | €21,849 | €19,928 | ▼ 8.8% |
| Operating cash flow (approximation) | €43,495 | €22,947 | €30,095 | €38,122 | €41,367 | ▲ 8.5% |
| Investment in fixed assets (approximation) | - | -€128,000 | -€111,157 | -€8,650 | €0 | ▲ 100% |
| Change in cash | - | €13,721 | €8,741 | €77,255 | €79,114 | ▲ 2.4% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
03-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €200,000Eq €209,371 ▲6.2%
5 profitable years in a row build equity to €209,371.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet €8,550 ▼56.5%
Net result drops to €8,550, the lowest in the series; recovery starts the following year.
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
31-03
Financial
Highest result since 2019net €24,962 ▲119%
Net result €24,962, the highest in the series.
2019
04-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Bilzen-Hoeselt · 1 establishment unit since 2002
Ground area
1,091 m²
Building footprint
187 m²
Volume, LiDAR
683 m³
Parcel 73023A0626/00M000, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Noppenstraat 29, 3740 Bilzen-Hoeselt
since 20022.114.507.057
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73023A0626/00M000 | Flanders | 1,091 m² | 1 · 187 m² | 5.8 m · 1 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.
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,393. 5,258 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 (pre-2019)
Founded23-07-2002
Fiscal year end31-03
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478058362
Also
9925:BE0478058362
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.