JCD AVIATION
ActiveSummary
JCD AVIATION has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€15,901) and a net result of -€3,506. Equity is shrinking by ~39.7% per year across the filed fiscal years. Its solvency ranks better than 8% of 139 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Age of the figures
Age of the figures
9 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 51
Relative position
BE, all sectors
reference
Air transport (NACE 51)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€15,901
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
9 d early
2023
3 d late
2022
on the day
2021
16 d early
2020
4 d early
2019
3 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 5 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 35% 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 23 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€15,901▼ 28.3%
2024 · -€12,395
Total assets
€4,166▲ 213%
2024 · €1,332
Net result
-€3,506▼ 101%
2024 · -€1,742
Working capital
-€19,059▼ 53.8%
2024 · -€12,395
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 51, Air transport, 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-€2,567▲ 24.9%-€2,081▲ 18.9%-€3,290▼ 58.1%-€1,706▲ 48.1%-€3,488▼ 104%
Net result-€2,666within the sector's middle half▲ 24.2%-€1,986within the sector's middle half▲ 25.5%-€3,314within the sector's middle half▼ 66.9%-€1,742within the sector's middle half▲ 47.4%-€3,506within the sector's middle half▼ 101%
Equity-€5,353below the sector's middle half▼ 99.2%-€7,339below the sector's middle half▼ 37.1%-€10,653below the sector's middle half▼ 45.2%-€12,395below the sector's middle half▼ 16.4%-€15,901below the sector's middle half▼ 28.3%
Total assets€1,796below the sector's middle half▼ 25.2%€1,994below the sector's middle half▲ 11.0%€1,100below the sector's middle half▼ 44.8%€1,332below the sector's middle half▲ 21.1%€4,166below the sector's middle half▲ 213%
Debt€7,149▲ 40.5%€9,333▲ 30.5%€11,753▲ 25.9%€13,727▲ 16.8%€20,067▲ 46.2%
Working capital-€6,238within the sector's middle half▼ 54.4%-€7,755within the sector's middle half▼ 24.3%-€10,653within the sector's middle half▼ 37.4%-€12,395within the sector's middle half▼ 16.4%-€19,059below the sector's middle half▼ 53.8%
Solvency
Current ratio
Return on assets (ROA)
above
within
below
the middle half (P25 to P75) of NACE 51, Air transport, 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
The operating result stays negative: a loss of €3,488 in 2025 against €1,706 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
Assets €4,166
Fixed assets
€3,158
Current assets
€1,008
Key figures and ratios
EBITDA
-€2,774
Cash flow
-€2,792
Interest coverage
-77.06
Debt ≤ 1 year
€20,067▲
2024 · €13,727
Ratios withheld: a balance sheet total of €4,166 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 6,906 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €469 | €469 | €416 | - | €714 | - |
| Other operating charges640/8 | €405 | €403 | €448 | €451 | €804 | ▲ 78.3% |
| Gross operating margin9900 | -€1,693 | -€1,209 | -€2,426 | -€1,255 | -€1,970 | ▼ 57.0% |
| Operating profit (loss)9901 | -€2,567 | -€2,081 | -€3,290 | -€1,706 | -€3,488 | ▼ 104% |
| Financial income75/76B | - | €119 | - | - | €18 | - |
| Recurring financial income75 | - | €119 | - | - | €18 | - |
| Financial charges65/66B | €99 | €24 | €24 | €36 | €36 | = |
| Recurring financial charges65 | €99 | €24 | €24 | €36 | €36 | = |
| Profit (loss) for the period before taxes9903 | -€2,666 | -€1,986 | -€3,314 | -€1,742 | -€3,506 | ▼ 101% |
| Profit (loss) for the period9904 | -€2,666 | -€1,986 | -€3,314 | -€1,742 | -€3,506 | ▼ 101% |
| Profit (loss) for the period to be appropriated9905 | -€2,666 | -€1,986 | -€3,314 | -€1,742 | -€3,506 | ▼ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1,796 | €1,994 | €1,100 | €1,332 | €4,166 | ▲ 213% |
| Fixed assets21/28 | €885 | €416 | - | - | €3,158 | - |
| Tangible fixed assets22/27 | €885 | €416 | - | - | €3,158 | - |
| Furniture and vehicles24 | €885 | €416 | - | - | €3,158 | - |
| Current assets29/58 | €911 | €1,578 | €1,100 | €1,332 | €1,008 | ▼ 24.3% |
| Amounts receivable within one year40/41 | €329 | €415 | €473 | €59 | €682 | ▲ 1,056% |
| Other amounts receivable41 | €329 | €415 | €473 | €59 | €682 | ▲ 1,056% |
| Cash at bank and in hand54/58 | €192 | €839 | €408 | €879 | €326 | ▼ 62.9% |
| Deferred charges and accrued income490/1 | €390 | €324 | €219 | €394 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1,796 | €1,994 | €1,100 | €1,332 | €4,166 | ▲ 213% |
| Equity10/15 | -€5,353 | -€7,339 | -€10,653 | -€12,395 | -€15,901 | ▼ 28.3% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€19,613 | -€21,599 | -€24,913 | -€26,655 | -€30,161 | ▼ 13.2% |
| Amounts payable17/49 | €7,149 | €9,333 | €11,753 | €13,727 | €20,067 | ▲ 46.2% |
| Amounts payable within one year42/48 | €7,149 | €9,333 | €11,753 | €13,727 | €20,067 | ▲ 46.2% |
| Trade debts44 | - | €226 | €244 | €387 | €349 | ▼ 9.8% |
| Suppliers440/4 | - | €226 | €244 | €387 | €349 | ▼ 9.8% |
| Other amounts payable47/48 | €7,149 | €9,107 | €11,509 | €13,340 | €19,718 | ▲ 47.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,666 | -€1,986 | -€3,314 | -€1,742 | -€3,506 | ▼ 101% |
| + Depreciation and write-downs630 | €469 | €469 | €416 | - | €714 | - |
| Operating cash flow (approximation) | -€2,197 | -€1,517 | -€2,898 | -€1,742 | -€2,792 | ▼ 60.3% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €647 | -€431 | €471 | -€553 | ▼ 217% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 3 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€5,729
Net result drops to -€5,729, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Chaudfontaine · 1 establishment unit since 2008
Ground area
3,692 m²
Building footprint
255 m²
Volume, LiDAR
901 m³
2 parcels, Wallonia · tallest building 4.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
JCD AVIATION
since 20082.168.801.917
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012A0392/00A002 | Wallonia | 2,518 m² | 1 · 255 m² | 4.5 m · 1 fl. |
| 62012C0134/00T000 | Wallonia | 1,174 m² | - | - |
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.
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Of 452 companies in sector 51100 we hold annual accounts for 170. 18 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
Founded24-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
51100Air transport
85532Education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0895192115
Also
9925:BE0895192115
Registered
30-12-2025
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.