JD-SYSTEM
ActiveSummary
The computed 12-month bankruptcy probability of JD-SYSTEM is 1.7% (moderate). The annual accounts of JD-SYSTEM for fiscal year 2025 show a net loss of 52% of the equity at the start of that year. The 2025 annual accounts show equity of €16,992 and a net result of -€18,346. Equity is shrinking by ~45.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 37% of 1323 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability18▲+18
Solvency31▼-6
Growth32=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 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 0.28 against 1.43 in 2024; short-term debt: 17.3% and cash: 1.4% of total assets), and 94.5% of the assets are financed with debt.
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Signals
Six 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 dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
5.5%
Return on assets
-6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year -€18,346
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
28 d late
2024
87 d early
2023
50 d early
2022
25 d late
2021
10 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€16,992▼ 51.9%
2024 · €35,338
Total assets
€307,589▲ 2.4%
2024 · €300,404
Net result
-€18,346▲ 70.1%
2024 · -€61,335
Working capital
-€38,090
2024 · €7,612
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, 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€81,188-€97,303▲ 19.8%-€39,415-€50,311▼ 27.6%-€6,296▲ 87.5%
Net result€60,440above the sector's middle half-€72,383above the sector's middle half▲ 19.8%-€40,120below the sector's middle half-€61,335below the sector's middle half▼ 52.9%-€18,346below the sector's middle half▲ 70.1%
Equity€64,440within the sector's middle half-€136,823within the sector's middle half▲ 112%€96,704within the sector's middle half▼ 29.3%€35,338within the sector's middle half▼ 63.5%€16,992within the sector's middle half▼ 51.9%
Total assets€85,936below the sector's middle half-€138,845within the sector's middle half▲ 61.6%€383,749within the sector's middle half▲ 176%€300,404within the sector's middle half▼ 21.7%€307,589within the sector's middle half▲ 2.4%
Debt€21,496-€2,021▼ 90.6%€287,045▲ 14,100%€265,066▼ 7.7%€290,597▲ 9.6%
Working capital€64,069above the sector's middle half-€136,823above the sector's middle half▲ 114%€22,802within the sector's middle half▼ 83.3%€7,612within the sector's middle half▼ 66.6%-€38,090within the sector's middle half
Solvency75.0%above the sector's middle half-98.5%above the sector's middle half▲ 23.6pp25.2%within the sector's middle half▼ 73.3pp11.8%within the sector's middle half▼ 13.4pp5.5%within the sector's middle half▼ 6.2pp
Current ratio3.98above the sector's middle half-68.69above the sector's middle half▲ 64.701.75above the sector's middle half▼ 66.931.43within the sector's middle half▼ 0.320.28within the sector's middle half▼ 1.15
Return on assets (ROA)70.3%above the sector's middle half-52.1%above the sector's middle half▼ 18.2pp-10.5%below the sector's middle half▼ 62.6pp-20.4%below the sector's middle half▼ 10.0pp-6.0%below the sector's middle half▲ 14.5pp
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, 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 €6,296 in 2025 against €50,311 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €307,589
Fixed assets
€292,617 ▲ 6.4%
Current assets
€14,972 ▼ 40.9%
Equity and liabilities €307,589
Equity
€16,992 ▼ 51.9%
Debt
€290,597 ▲ 9.6%
Debt's share of the balance-sheet total rises from 88.2% to 94.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€9,971▲
2024 · -€41,123
Cash flow
-€2,078▲
2024 · -€52,148
Debt to equity
17.10▲
2024 · 7.50
ROE
-108.0%▲
2024 · -173.6%
Interest coverage
0.85▲
2024 · -3.69
Debt ≤ 1 year
€53,062▲
2024 · €17,712
Debt > 1 year
€237,159▼
2024 · €247,354
Income taxes
€325▼
2024 · €341
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 849 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a small loss
3.9%
went bankrupt
3.3%
stopped otherwise
92%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 849 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €487 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €1,036 | €1,708 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €806 | €371 | €828 | €9,188 | €16,267 | ▲ 77.1% |
| Other operating charges640/8 | €53 | - | €90 | €1,944 | €1,925 | ▼ 1.0% |
| Non-recurring operating charges66A | - | - | €185 | €42,662 | €744 | ▼ 98.3% |
| Gross operating margin9900 | €83,083 | €99,382 | -€38,311 | €3,483 | €12,640 | ▲ 263% |
| Operating profit (loss)9901 | €81,188 | €97,303 | -€39,415 | -€50,311 | -€6,296 | ▲ 87.5% |
| Financial income75/76B | - | - | €128 | €462 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | €128 | €462 | €0 | ▼ 100% |
| Financial charges65/66B | €44 | €155 | €526 | €11,146 | €11,725 | ▲ 5.2% |
| Recurring financial charges65 | €44 | €155 | €526 | €11,146 | €11,725 | ▲ 5.2% |
| Profit (loss) for the period before taxes9903 | €81,145 | €97,148 | -€39,812 | -€60,995 | -€18,021 | ▲ 70.5% |
| Income taxes67/77 | €20,705 | €24,764 | €308 | €341 | €325 | ▼ 4.7% |
| Profit (loss) for the period9904 | €60,440 | €72,383 | -€40,120 | -€61,335 | -€18,346 | ▲ 70.1% |
| Profit (loss) for the period to be appropriated9905 | €60,440 | €72,383 | -€40,120 | -€61,335 | -€18,346 | ▲ 70.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85,936 | €138,845 | €383,749 | €300,404 | €307,589 | ▲ 2.4% |
| Formation expenses20 | €371 | - | - | - | - | - |
| Fixed assets21/28 | - | - | €330,558 | €275,080 | €292,617 | ▲ 6.4% |
| Tangible fixed assets22/27 | - | - | €330,558 | €275,080 | €292,617 | ▲ 6.4% |
| Land and buildings22 | - | - | €52,784 | €267,854 | €253,491 | ▼ 5.4% |
| Plant, machinery and equipment23 | - | - | - | €4,457 | €37,168 | ▲ 734% |
| Furniture and vehicles24 | - | - | €2,854 | €2,768 | €1,958 | ▼ 29.3% |
| Assets under construction and advance payments27 | - | - | €274,920 | - | - | - |
| Current assets29/58 | €85,565 | €138,845 | €53,191 | €25,324 | €14,972 | ▼ 40.9% |
| Amounts receivable within one year40/41 | €17,342 | €10,104 | €15,050 | €4,619 | €6,986 | ▲ 51.2% |
| Trade receivables40 | €17,342 | €142 | €4,763 | €520 | €266 | ▼ 48.9% |
| Other amounts receivable41 | - | €9,962 | €10,287 | €4,099 | €6,720 | ▲ 63.9% |
| Cash at bank and in hand54/58 | €68,223 | €127,294 | €34,714 | €17,345 | €4,371 | ▼ 74.8% |
| Deferred charges and accrued income490/1 | - | €1,446 | €3,428 | €3,360 | €3,615 | ▲ 7.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85,936 | €138,845 | €383,749 | €300,404 | €307,589 | ▲ 2.4% |
| Equity10/15 | €64,440 | €136,823 | €96,704 | €35,338 | €16,992 | ▼ 51.9% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €60,440 | €132,823 | €92,704 | €31,338 | €12,992 | ▼ 58.5% |
| Amounts payable17/49 | €21,496 | €2,021 | €287,045 | €265,066 | €290,597 | ▲ 9.6% |
| Amounts payable after more than one year17 | - | - | €256,656 | €247,354 | €237,159 | ▼ 4.1% |
| Financial debts170/4 | - | - | €256,656 | €247,354 | €237,159 | ▼ 4.1% |
| Amounts payable within one year42/48 | €21,496 | €2,021 | €30,390 | €17,712 | €53,062 | ▲ 200% |
| Current portion of amounts payable after more than one year42 | - | - | €6,914 | €9,496 | €9,427 | ▼ 0.7% |
| Trade debts44 | €899 | €1,778 | €15,742 | €7,220 | €6,164 | ▼ 14.6% |
| Suppliers440/4 | €899 | €1,778 | €15,742 | €7,220 | €6,164 | ▼ 14.6% |
| Taxes, remuneration and social security45 | €11,343 | €243 | €377 | €997 | €366 | ▼ 63.3% |
| Taxes450/3 | €11,343 | €243 | €377 | €997 | €366 | ▼ 63.3% |
| Other amounts payable47/48 | €9,254 | - | €7,357 | - | €37,105 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €375 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €60,440 | €72,383 | -€40,120 | -€61,335 | -€18,346 | ▲ 70.1% |
| + Depreciation and write-downs630 | €806 | €371 | €828 | €9,188 | €16,267 | ▲ 77.1% |
| Operating cash flow (approximation) | €61,246 | €72,754 | -€39,291 | -€52,148 | -€2,078 | ▲ 96.0% |
| Investment in fixed assets (approximation) | - | - | - | €46,290 | -€33,804 | ▼ 173% |
| Change in cash | - | €59,071 | -€92,580 | -€17,369 | -€12,974 | ▲ 25.3% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€61,335
Net result drops to -€61,335, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Highest result since 2021net €72,383 ▲19.8%
Operating result €97,303, net result €72,383, both a record.
31-12
Financial
Liquidity times 17current ratio 68.69
Current ratio from 3.98 to 68.69; short-term debt falls from €21,496 to €2,021.
31-12
Financial
Equity above €100,000Eq €136,823 ▲112%
2 profitable years in a row build equity to €136,823.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
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, Enghien · 1 establishment unit since 2023
Ground area
878 m²
Building footprint
49 m²
Volume, LiDAR
436 m³
2 parcels, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
JD-SYSTEM
since 20232.349.335.842
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55025A0523/00W003 | Wallonia | 667 m² | - | - |
| 51012A0401/00D000 | Wallonia | 211 m² | 1 · 49 m² | 10.3 m · 3 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.
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Of 3,007 companies in sector 55203 we hold annual accounts for 694. 380 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
Founded26-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
55204Guest rooms (bed and breakfast)
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0767511510
Also
9925:BE0767511510
Registered
20-08-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.