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JBVV

Active
Private limited companyfounded 20224 yrs activede Merodedreef 126, 2260 Westerlo, BelgiumKBO/BCE: BE 0780.783.286
Summary

The computed 12-month bankruptcy probability of JBVV is 3.0% (moderate). The 2024 annual accounts show equity of €15,734 and a net result of €6,693. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability50▲+10
Solvency27▲+1
Growth78
Track record94
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.34 against 0.47 in 2023; short-term debt: 5.7% and cash: 1% of total assets), and 97.6% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
2.4%
Return on assets
1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
23 d early
2023
23 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 23 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · 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

History

JBVV was incorporated on 24 January 2022 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€15,734▲ 74.0%
2023 · €9,041
Total assets
€642,458▼ 2.9%
2023 · €661,926
Net result
€6,693
2023 · -€959
Working capital
-€24,140▼ 42.6%
2023 · -€16,923
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€16,652-€17,759▲ 6.6%
Net result-€959-€6,693
Equity€9,041-€15,734▲ 74.0%
Total assets€661,926-€642,458▼ 2.9%
Debt€652,885-€626,724▼ 4.0%
Working capital-€16,923--€24,140▼ 42.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000€10,000€15,000€20,000Operating result 2023: €16,652€16,652Net result 2023: -€959-€959Operating result 2024: €17,759€17,759Net result 2024: €6,693€6,69320232024-€5,000€0€5,000€10,000€15,000€20,000Operating result 2023: €16,652€16,700Net result 2023: -€959-€959Operating result 2024: €17,759€17,800Net result 2024: €6,693€6,69020232024
The operating result rises in 2024; 2024 is 7% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €642,458
Fixed assets €630,091 ▼ 2.6%
Current assets €12,367 ▼ 18.8%
Equity and liabilities €642,458
Equity €15,734 ▲ 74.0%
Debt €626,724 ▼ 4.0%
Debt's share of the balance-sheet total falls from 98.6% to 97.6%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€34,354▼
2023 · €45,616
Cash flow
€23,289▼
2023 · €28,005
Current ratio
0.34▼
2023 · 0.47
Debt to equity
39.83▼
2023 · 72.22
ROE
42.5%▲
2023 · -10.6%
ROA
1.0%▲
2023 · -0.1%
Interest coverage
3.62▲
2023 · 2.59
Debt ≤ 1 year
€36,507▲
2023 · €32,163
Debt > 1 year
€589,217▼
2023 · €620,722
Income taxes
€1,563
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,513 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
2.1% went bankrupt
1.3% stopped otherwise
96% still going

A further 0.9% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,513 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 accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€661,926€642,458▼
Fixed assets21/28€646,686€630,091▼
Tangible fixed assets22/27€646,686€630,091▼
Land and buildings22€646,686€630,091▼
Current assets29/58€15,239€12,367▼
Amounts receivable within one year40/41€3,540-
Other amounts receivable41€3,540-
Cash at bank and in hand54/58€11,539€6,198▼
Deferred charges and accrued income490/1€161€6,170▲
Equity and liabilities
Total equity and liabilities10/49€661,926€642,458▼
Equity10/15€9,041€15,734▲
Contributions10/11€10,000€10,000=
Capital10€10,000-
Issued capital100€10,000-
Outside capital11-€10,000
Other1109/19-€10,000
Profit (loss) carried forward14-€959€5,734▲
Amounts payable17/49€652,885€626,724▼
Amounts payable after more than one year17€620,722€589,217▼
Financial debts170/4€620,722€589,217▼
Amounts payable within one year42/48€32,163€36,507▲
Current portion of amounts payable after more than one year42€31,046€31,505▲
Trade debts44€467€491▲
Suppliers440/4€467€491▲
Taxes, remuneration and social security45-€1,563
Taxes450/3-€1,563
Other amounts payable47/48€650€2,949▲
Accrued charges and deferred income492/3-€1,000
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28,964€16,595▼
Other operating charges640/8€3,015€3,119▲
Gross operating margin9900€48,631€37,473▼
Operating profit (loss)9901€16,652€17,759▲
Financial charges65/66B€17,611€9,503▼
Recurring financial charges65€17,611€9,503▼
Profit (loss) for the period before taxes9903-€959€8,256▲
Income taxes67/77-€1,563
Profit (loss) for the period9904-€959€6,693▲
Profit (loss) for the period to be appropriated9905-€959€6,693▲
Appropriation of the result
Profit (loss) to be appropriated9906-€959€5,734▲
Profit (loss) brought forward from the previous period14P--€959

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28,964€16,595▼ 42.7%
Other operating charges640/8€3,015€3,119▲ 3.4%
Gross operating margin9900€48,631€37,473▼ 22.9%
Operating profit (loss)9901€16,652€17,759▲ 6.6%
Financial charges65/66B€17,611€9,503▼ 46.0%
Recurring financial charges65€17,611€9,503▼ 46.0%
Profit (loss) for the period before taxes9903-€959€8,256▲ 961%
Income taxes67/77-€1,563-
Profit (loss) for the period9904-€959€6,693▲ 798%
Profit (loss) for the period to be appropriated9905-€959€6,693▲ 798%
Line20232024Change
Assets
Total assets20/58€661,926€642,458▼ 2.9%
Fixed assets21/28€646,686€630,091▼ 2.6%
Tangible fixed assets22/27€646,686€630,091▼ 2.6%
Land and buildings22€646,686€630,091▼ 2.6%
Current assets29/58€15,239€12,367▼ 18.8%
Amounts receivable within one year40/41€3,540--
Other amounts receivable41€3,540--
Cash at bank and in hand54/58€11,539€6,198▼ 46.3%
Deferred charges and accrued income490/1€161€6,170▲ 3,741%
Equity and liabilities
Total equity and liabilities10/49€661,926€642,458▼ 2.9%
Equity10/15€9,041€15,734▲ 74.0%
Contributions10/11€10,000€10,000=
Capital10€10,000--
Issued capital100€10,000--
Outside capital11-€10,000-
Other1109/19-€10,000-
Profit (loss) carried forward14-€959€5,734▲ 698%
Amounts payable17/49€652,885€626,724▼ 4.0%
Amounts payable after more than one year17€620,722€589,217▼ 5.1%
Financial debts170/4€620,722€589,217▼ 5.1%
Amounts payable within one year42/48€32,163€36,507▲ 13.5%
Current portion of amounts payable after more than one year42€31,046€31,505▲ 1.5%
Trade debts44€467€491▲ 5.0%
Suppliers440/4€467€491▲ 5.0%
Taxes, remuneration and social security45-€1,563-
Taxes450/3-€1,563-
Other amounts payable47/48€650€2,949▲ 354%
Accrued charges and deferred income492/3-€1,000-
Line20232024Change
Profit (loss) for the period9904-€959€6,693▲ 798%
+ Depreciation and write-downs630€28,964€16,595▼ 42.7%
Operating cash flow (approximation)€28,005€23,289▼ 16.8%
Investment in fixed assets (approximation)-€0-
Change in cash--€5,342-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
08-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €6,693
Net result €6,693 after one loss-making year.
08-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Westerlo · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
1,033 m²
Building footprint
221 m²
Volume, LiDAR
1,612 m³
Parcel 13049B0387/00E000, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
JBVV
de Merodedreef 126, 2260 WesterloReal estate activities
since 20222.327.668.715
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13049B0387/00E000 Flanders 1,033 m² 1 · 221 m² 11.7 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.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded24-01-2022
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0780783286
Also 9925:BE0780783286

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.