Losses
-€175,176 in four years
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
Jeca
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €2.9m (2024)
€2.5m▼ 13.0%
lowest -€137,791 (2024)
-€15,417▲ €122,374
peak €3.2m (2021)
€3.1m▼ 0.5%
€12.9m▲ 64.5%
peak 14.7 FTE (2023)
13.4 FTE▼ 2.2%
Board21 names since 2013all names
2 directorsChristoph Makelberge and 1 other
Owners5 names in the annual accounts
100%SAX SANITAIR and 2 others
Documentsfilings and deeds
23-07-20268 days before the deadline
2025financial year
Turnover from €2.9m to €2.5mLoss of €15,417Amendment of the articles 31-124 directors appointed, 1 resignation 29-122 directors resigning, 1 statutory auditor reappointed 28-04Debts from €7.9m to €12.9m
Key points
from the 2025 annual accountsDebts
€12.9m 81% of the balance sheet
Suppliers 5%Taxes and wages 3%Other 92%
Staff
13 employees on 31-12-2025
In 2025, 3 people joined and 4 left.
Payment terms
264 days to suppliers
Jeca pays its suppliers 173 days later than in 2024. Customers pay 52 days earlier.
Filings
22 annual accounts since 2004
The 2019 accounts came 10 days late. The other nine of the last ten were filed on time.
Position in the sector
-€15,417
Lower net result than 80% of companies in head offices and management consultancy. Sector median €53,814 · 3,872 companies.
Checked score
68
Healthy
Financially stronger than 19% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.9%▲ +0.1 percentage points vs 03-2025highest value
05-2025: 0.5%▼ -0.4 percentage points vs 04-2025
06-2025: 0.6%▲ +0.1 percentage points vs 05-2025
07-2025: 0.5%▼ -0.1 percentage points vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026lowest value
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.6%▲ +0.1 percentage points vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.77
Equity €3.1m (19.2% of total assets)
Loss of €15,417, the second in a row (financial year 2025)
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 20% of them on solvency, 6% on liquidity, 23% on profitability and 25% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,507 companies had the same profile as Jeca has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Jeca itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,507 companies, not a prediction for Jeca. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €200,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.77 (0.67 in 2024), below 1. Short-term debt is 80.8% of total assets. 80.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 3873 sector peers (2025).
NBB · sector comparisonPosition among 3873 sector peers
Solvency
better than 21%
← weakest
strongest →
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 days early
2024
43 days early
2023
34 days early
2022
19 days early
2021
23 days early
2020
15 days early
2019
10 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SAX SANITAIR 100%score 67equity €34.6m (2025) · annual accounts 2025
- BME GROUP BV consolidatesannual accounts 2025
- BME GROUP HOLDING BV consolidatesannual accounts 2025
Shares in 1 company, BMB BOUWMATERIALEN
Board & ownershipRecent changes
Amendment of the articles
Gazette deed
4 directors appointed, 1 resignation
Resignation: Marcus Van Grinsven · Appointments: Christoph Makelberge, BV GB.IMBO, Olivier Touchais and Fabian Koppert · Permanent representative: Tom Boon · General meeting of 13-11-2025 · Gazette deed
2 directors resigning, 1 statutory auditor reappointed
Resignations: TC MGMT BV and Mark Tonkens · Permanent representatives: Wendy Peeters and Christophe Beckers · Reappointment: EY Bedrijfsrevisoren BV (statutory auditor) · General meeting of 19-12-2024 · Gazette deed
Appointment: Mark Tonkens (director)
Resignation: Jan Bos (director) · General meeting of 30-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Jeca Antwerp | €2.5m | 4.8% | 19.2% | 13.4 |
| BLACKSHEEP TRIBES HOLDING Gembloux | €3.0m | 16.5% | 6.6% | 13.8 |
| C.V.I. Knokke-Heist | €2.7m | 15.3% | 38.1% | 10.9 |
| DECA PACKAGING GROUP Herentals | €2.3m | 38.3% | 37.0% | 11 |
| BEAVER CORPORATION Mouscron | €3.3m | 11.4% | 69.4% | 12.1 |
| NUMERIS Flémalle | €4.4m | 69.4% | 85.5% | 10.5 |
| JOOS Kasterlee | €2.3m | -5.8% | 69.7% | 7.2 |
Grey: the largest companies of the sector (head offices and management consultancy (NACE 70)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Jeca: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €11m and €23m, founded between 1999 and 2005.
Official details
Source: KBO- Status
- Active since 27-01-2004Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.135.361.2652020 Antwerp, since 01-02-2004
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €16.0m▲ 46.2%
- Employeeson 31-12-2025
- 13▼ 7.1%
- Filing
- Filed on 23-07-2026, 8 days before the end of the filing period
Insights on Jeca
Jeca has existed since 2004. Turnover grew from €680,000 in 2010 to €2.5m in 2025 and staff from 2.3 to 13.4 full-time equivalents.
Solvency fell in 2025 from 28.2% to 19.2% because of the loss.
SAX SANITAIR holds all the shares. In 2024, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Jeca
- What is the company number of Jeca?
- The company number of Jeca is 0862.999.694. The VAT number is the same number with BE in front: BE 0862.999.694.
- Where is Jeca based?
- The registered office is at D'Herbouvillekaai 50, 2020 Antwerp.Company details
- What does Jeca do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of Jeca?
- Jeca is a private limited company (BV).
- When was Jeca founded?
- Jeca was founded on 27-01-2004.
- Is Jeca still active?
- Yes, Jeca is an active enterprise in the KBO register.
- How many employees does Jeca have?
- Jeca had an average of 13.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Jeca fall under?
- In its 2025 annual accounts, Jeca states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Jeca?
- The turnover of Jeca was €2.5m in financial year 2025, according to the filed annual accounts.
- Is Jeca profitable?
- In financial year 2025, Jeca made a loss of €15,417.
- Where can I find the annual accounts of Jeca?
- Jeca filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Jeca due?
- Jeca must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See the other companies in the same group.SAX SANITAIR · 6 companies
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