JEFCO
ActiveSummary
JEFCO has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.8m and a net result of €1.8m, of which €1.7m non-recurring income. Equity has been growing by about 27% per year since 2018. Its solvency ranks better than 46% of 3,863 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 10-12-2008 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 3 others
- Establishment unit
- 2.226.968.956 9850 Deinze, since 05-12-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 15-07-2025
Board and ownership
Board
- VERSELE JefDirector · since 05-12-2008
- DEROOSE TheresaDirector · since 10-12-2013
- MARIE VERSELEDirector · since 01-07-2024
Shareholders
- Jef Versele68,691 sharesact of 11-04-2024
- Theresa Deroose17,172 sharesact of 11-04-2024
- Holdings
- Shares in 3 companies including BROUWERIJ VAN STEENBERGE and GEANT S.R.L.
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts 2025
- Turnover
- €714,689
- ▼ 50.2%
- Operating revenue
- €2.8m
- ▲ 60.0%
- Profit
- €1.8m
- ▲ 29.9%
- Equity
- €13.8m
- ▲ 14.4%
- Total assets
- €28.2m
- ▲ 4.1%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLiquidity: current ratio 0.28, cash €133,900Last filed accounts filed 31 days late; 3 of the last 3 accounts latelowers riskSize: turnover €714,689, total assets €28.2mSector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
Score 2025
90
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 50% of medium-sized companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2024
Strong
Solvency
74+5
equity 48.9% of total assets
Liquidity
47+9
short-term debt 15.0% · cash 0.5%
Profitability
80+21
return on assets 6.2%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.4%● unchanged vs 12-2024
02-2025: 1.4%● unchanged vs 01-2025
03-2025: 1.4%● unchanged vs 02-2025
04-2025: 1.4%● unchanged vs 03-2025
05-2025: 1.3%▼ -0.1 percentage points vs 04-2025
06-2025: 1.3%● unchanged vs 05-2025
07-2025: 0.8%▼ -0.5 percentage points vs 06-2025
08-2025: 1.1%▲ +0.3 percentage points vs 07-2025
09-2025: 1.2%▲ +0.1 percentage points vs 08-2025
10-2025: 1.5%▲ +0.3 percentage points vs 09-2025
11-2025: 1.6%▲ +0.1 percentage points vs 10-2025highest value
12-2025: 0.6%▼ -1.0 percentage point vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.7%▲ +0.1 percentage points vs 02-2026
04-2026: 0.6%▼ -0.1 percentage points vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.9%▲ +0.3 percentage points vs 07-2026
09-2026: 0.2%▼ -0.7 percentage points vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Credit of up to €70,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.28 (0.15 in 2024), below 1. Short-term debt is 15% and cash 0.5% of total assets. 51.1% of the assets are financed with debt and provisions.
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, medium-sized). It does better than 39% of them on solvency, 35% on liquidity, 86% on profitability and 38% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
109 days late
2023
75 days late
2022
31 days late
2021
57 days late
2020
30 days late
2019
33 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 52 days after 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 26 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00464977.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 13 filings
Turnover
€714,689▼ 50.2%
2024 · €1.4m
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
€1.8m▲ 29.9%
2024 · €1.4m
Working capital
-€3.0m▲ 55.7%
2024 · -€6.9m
In the rankings
#10 company by total assets in Deinze, Professional and technical services sector#10 company by equity in Deinze, Professional and technical services sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€714,689
▼ 50.2%
2025
20182025
Operating result
€1.4m
▲ 562%
2025
20182025
Net result
€1.8m
▲ 29.9%
2025
highest quarter of the sector
20182025
Equity
€13.8m
▲ 14.4%
2025
highest quarter of the sector
20182025
Total assets
€28.2m
▲ 4.1%
2025
highest quarter of the sector
20182025
Debt
€14.0m
▼ 6.7%
2025
20182025
Working capital
-€3.0m
▲ 55.7%
2025
lowest quarter of the sector
20182025
Solvency
48.9%
▲ 4.4pp
2025
middle half of the sector
20182025
Current ratio
0.28
▲ 0.13
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
6.2%
▲ 1.2pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.4m-€0.4m▲ 3.7%€0.4m▼ 8.4%€0.4m▲ 11.0%€0.5m▲ 27.8%€1.1m▲ 112%€1.4m▲ 35.1%€0.7m▼ 50.2%
Operating result€0.1m-€0.2m▲ 19.5%-€0.04m€0.1m€0.2m▲ 86.7%€0.7m▲ 277%€0.2m▼ 70.5%€1.4m▲ 562%
Net result€0.1m-€0.1m▲ 17.1%-€0.05mbelow the sector's middle half€0.7mabove the sector's middle half€1.8mabove the sector's middle half▲ 161%€3.9mabove the sector's middle half▲ 109%€1.4mabove the sector's middle half▼ 65.0%€1.8mabove the sector's middle half▲ 29.9%
Equity€4.0m-€4.1m▲ 3.3%€4.1mabove the sector's middle half▼ 1.2%€4.8mabove the sector's middle half▲ 17.3%€6.6mabove the sector's middle half▲ 38.5%€10.7mabove the sector's middle half▲ 61.4%€12.1mabove the sector's middle half▲ 12.5%€13.8mabove the sector's middle half▲ 14.4%
Total assets€8.0m-€8.0m▲ 0.1%€9.3mabove the sector's middle half▲ 16.3%€9.5mabove the sector's middle half▲ 2.6%€19.5mabove the sector's middle half▲ 106%€21.8mabove the sector's middle half▲ 11.5%€27.1mabove the sector's middle half▲ 24.7%€28.2mabove the sector's middle half▲ 4.1%
Debt€3.9m-€3.8m▼ 3.3%€5.1m▲ 35.6%€4.7m▼ 9.1%€12.9m▲ 175%€11.0m▼ 14.8%€15.0m▲ 36.8%€14.0m▼ 6.7%
Working capital-€1.1m--€0.9m▲ 15.4%-€1.2mbelow the sector's middle half▼ 32.6%-€0.9mbelow the sector's middle half▲ 24.2%-€4.8mbelow the sector's middle half▼ 423%-€3.5mbelow the sector's middle half▲ 28.2%-€6.9mbelow the sector's middle half▼ 98.4%-€3.0mbelow the sector's middle half▲ 55.7%
Solvency50.4%-52.0%▲ 1.6pp44.2%within the sector's middle half▼ 7.8pp50.5%within the sector's middle half▲ 6.3pp34.0%within the sector's middle half▼ 16.5pp49.2%within the sector's middle half▲ 15.2pp44.4%within the sector's middle half▼ 4.8pp48.9%within the sector's middle half▲ 4.4pp
Current ratio0.06-0.11▲ 0.050.12below the sector's middle half▲ 0.010.08below the sector's middle half▼ 0.040.09below the sector's middle half▲ 0.010.09below the sector's middle half=0.15below the sector's middle half▲ 0.060.28below the sector's middle half▲ 0.13
Return on assets (ROA)1.4%-1.7%▲ 0.2pp-0.5%below the sector's middle half▼ 2.2pp7.4%within the sector's middle half▲ 8.0pp9.5%within the sector's middle half▲ 2.0pp17.7%above the sector's middle half▲ 8.3pp5.0%within the sector's middle half▼ 12.8pp6.2%within the sector's middle half▲ 1.2pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 6.6 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Large changes and their cause
- 2024 Net result -65% on 2023. Part of BROUWERIJ VAN STEENBERGE received in a demerger, Official Gazette 11-04-2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28.2m
Fixed assets
€27.0m ▲ 4.3%
Current assets
€1.2m ▼ 0.8%
Equity and liabilities €28.2m
Equity
€13.8m ▲ 14.4%
Provisions
€466,970 ▲ 375%
Debt
€14.0m ▼ 6.7%
Debt's share of the balance-sheet total falls from 55.2% to 49.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.3m▲
2024 · €608,752
Cash flow
€2.7m▲
2024 · €1.8m
Debt to equity
1.01▼
2024 · 1.24
ROE
12.7%▲
2024 · 11.2%
Interest coverage
5.30▲
2024 · 1.67
Debt ≤ 1 year
€4.2m▼
2024 · €8.1m
Debt > 1 year
€8.9m▲
2024 · €6.2m
Income taxes
€4,216▲
2024 · €3,033
Customer credit
464 days▲
2024 · 289 days
Supplier credit
3046 days▲
2024 · 552 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | - | €8.2m |
| Mortgages, amount registered | - | - | €82,500 | €82,500 | €6.2m |
| Mortgage mandates | - | - | - | - | €75,000 |
| Carrying value of the mortgaged assets | - | - | €6.7m | €9.4m | €10.6m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €444,628 | €2.1m | €3.3m | €685,392 | €4.9m |
| Financial fixed assets | - | €7.8m | - | €4.2m | - |
| Depreciation and write-downs of the year | €117,837 | €186,533 | €276,599 | €403,757 | €950,583 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 5 entries · €302,618 awarded · €302,618 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €0 | €30,000 |
| 2024 | 1 | €2,055 | €2,055 |
| 2023 | 1 | €0 | €270,000 |
| 2022 | 2 | €300,563 | €563 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €0.5m | €0.6m | €1.2m | €1.7m | €2.8m | ▲ 60.0% |
| Turnover70 | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | €1.1m | €1.4m | €0.7m | ▼ 50.2% |
| Other operating income74 | - | - | - | €0.09m | €0.09m | €0.2m | €0.3m | €0.4m | ▲ 27.6% |
| Non-recurring operating income76A | - | - | - | - | - | €0.02m | €0 | €1.7m | - |
| Operating charges60/66A | - | - | - | €0.4m | €0.4m | €0.5m | €1.5m | €1.4m | ▼ 7.6% |
| Goods for resale, raw materials and consumables60 | - | - | - | €37 | €0 | €0.006m | €0.4m | €0.03m | ▼ 93.5% |
| Purchases600/8 | - | - | - | €37 | €0 | €0.006m | €0.4m | €0.03m | ▼ 93.5% |
| Services and other goods61 | - | - | - | €0.2m | €0.2m | €0.2m | €0.7m | €0.4m | ▼ 38.4% |
| Remuneration, social security and pensions62 | - | - | - | €42 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.07m | €0.2m | €0.1m | €0.2m | €0.3m | €0.4m | €1.0m | ▲ 135% |
| Other operating charges640/8 | - | - | - | €0.06m | €0.02m | €0.01m | €0.03m | €0.02m | ▼ 12.1% |
| Operating profit (loss)9901 | €0.1m | €0.2m | -€0.04m | €0.1m | €0.2m | €0.7m | €0.2m | €1.4m | ▲ 562% |
| Financial income75/76B | - | - | - | €0.7m | €1.8m | €3.5m | €1.5m | €1.2m | ▼ 19.8% |
| Recurring financial income75 | €0.1m | €0.1m | €0.1m | €0.7m | €1.8m | €2.8m | €1.5m | €1.2m | ▼ 19.8% |
| Income from financial fixed assets750 | - | - | - | €0.7m | €1.8m | €2.8m | €1.5m | €1.2m | ▼ 20.0% |
| Other financial income752/9 | - | - | - | €0 | €0 | €0.01m | €0.01m | €0.01m | ▲ 3.4% |
| Non-recurring financial income76B | - | - | - | - | - | €0.8m | €0 | - | - |
| Financial charges65/66B | - | - | - | €0.1m | €0.08m | €0.2m | €0.4m | €0.4m | ▲ 20.2% |
| Recurring financial charges65 | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.2m | €0.4m | €0.4m | ▲ 20.2% |
| Debt charges650 | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.2m | €0.4m | €0.4m | ▲ 19.2% |
| Other financial charges652/9 | - | - | - | €0.001m | €0.001m | €0.001m | €0.002m | €0.006m | ▲ 217% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.1m | -€0.05m | €0.7m | €1.9m | €4.0m | €1.4m | €2.1m | ▲ 57.6% |
| Transfer from deferred taxes780 | - | - | - | - | - | €0.004m | €0.004m | €0.05m | ▲ 11× |
| Transfer to deferred taxes680 | - | - | - | - | - | - | - | €0.4m | - |
| Income taxes67/77 | €0.005m | €0.01m | €0.002m | €0.002m | €0.008m | €0.1m | €0.003m | €0.004m | ▲ 39.0% |
| Taxes670/3 | - | - | - | €0.002m | €0.008m | €0.1m | €0.003m | €0.004m | ▲ 39.0% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €7 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €0.1m | €0.1m | -€0.05m | €0.7m | €1.8m | €3.9m | €1.4m | €1.8m | ▲ 29.9% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | - | €0.1m | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | - | €1.2m | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.1m | -€0.05m | €0.7m | €1.8m | €3.9m | €1.4m | €0.6m | ▼ 52.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €8.0m | €8.0m | €9.3m | €9.5m | €19.5m | €21.8m | €27.1m | €28.2m | ▲ 4.1% |
| Fixed assets21/28 | €7.9m | €7.8m | €9.1m | €9.4m | €19.0m | €21.4m | €25.9m | €27.0m | ▲ 4.3% |
| Tangible fixed assets22/27 | €3.4m | €3.3m | €4.6m | €4.9m | €6.8m | €9.6m | €9.8m | €10.9m | ▲ 11.3% |
| Land and buildings22 | - | - | - | €4.9m | €6.8m | €9.2m | €9.4m | €10.6m | ▲ 12.4% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.001m | €0.04m | €0.04m | €0.03m | ▼ 10.4% |
| Furniture and vehicles24 | - | - | - | €0.005m | €0.02m | €0.2m | €0.3m | €0.2m | ▼ 17.3% |
| Other tangible fixed assets26 | - | - | - | - | - | €0.09m | €0.09m | €0.09m | = |
| Financial fixed assets28 | €4.5m | €4.5m | €4.5m | €4.5m | €12.2m | €11.9m | €16.1m | €16.1m | = |
| Affiliated companies280/1 | - | - | - | €4.5m | €12.2m | €11.9m | €16.1m | €16.1m | = |
| Participating interests280 | - | - | - | €4.5m | €12.2m | €11.9m | €16.1m | €16.1m | = |
| Current assets29/58 | €0.07m | €0.1m | €0.2m | €0.08m | €0.5m | €0.3m | €1.2m | €1.2m | ▼ 0.8% |
| Stocks and contracts in progress3 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €0.05m | €0.06m | €0.05m | €0.06m | €0.07m | €0.3m | €1.2m | €1.1m | ▼ 8.3% |
| Trade receivables40 | - | - | - | €0.06m | €0.07m | €0.3m | €1.1m | €0.9m | ▼ 19.9% |
| Other amounts receivable41 | - | - | - | - | - | €0.03m | €0.03m | €0.2m | ▲ 433% |
| Cash at bank and in hand54/58 | €0.02m | €0.06m | €0.1m | €0.03m | €0.4m | €0 | €0.05m | €0.1m | ▲ 197% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €0.003m | €0.007m | €0.005m | ▼ 34.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €8.0m | €8.0m | €9.3m | €9.5m | €19.5m | €21.8m | €27.1m | €28.2m | ▲ 4.1% |
| Equity10/15 | €4.0m | €4.1m | €4.1m | €4.8m | €6.6m | €10.7m | €12.1m | €13.8m | ▲ 14.4% |
| Contributions10/11 | €0.9m | €0.9m | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €1.1m | ▲ 477× |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €15 | €15 | €15 | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Other1319 | - | - | - | - | - | €15 | €15 | €15 | = |
| Tax-exempt reserves132 | - | - | - | - | - | €20 | €20 | €1.1m | ▲ 54,689× |
| Distributable reserves133 | - | - | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €3.1m | €3.3m | €3.2m | €3.9m | €5.8m | €9.6m | €11.0m | €11.6m | ▲ 5.8% |
| Investment grants15 | - | - | - | - | - | €0.2m | €0.2m | €0.2m | ▼ 6.6% |
| Provisions and deferred taxes16 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.1m | €0.1m | €0.5m | ▲ 375% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Pensions and similar obligations160 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Deferred taxes168 | - | - | - | - | - | €0.07m | €0.07m | €0.4m | ▲ 550% |
| Amounts payable17/49 | €3.9m | €3.8m | €5.1m | €4.7m | €12.9m | €11.0m | €15.0m | €14.0m | ▼ 6.7% |
| Amounts payable after more than one year17 | €2.5m | €2.4m | €3.3m | €3.2m | €7.0m | €6.5m | €6.2m | €8.9m | ▲ 43.7% |
| Financial debts170/4 | - | - | - | €3.2m | €7.0m | €6.5m | €6.2m | €8.9m | ▲ 43.7% |
| Credit institutions173 | - | - | - | €2.1m | €5.9m | €5.4m | €4.8m | €7.4m | ▲ 54.4% |
| Other loans174 | - | - | - | €1.1m | €1.1m | €1.1m | €1.4m | €1.5m | ▲ 7.1% |
| Amounts payable within one year42/48 | €1.2m | €1.0m | €1.4m | €1.0m | €5.3m | €3.8m | €8.1m | €4.2m | ▼ 47.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.6m | €0.6m | €0.6m | €0.8m | ▲ 28.9% |
| Financial debts43 | - | - | - | - | - | - | €4.0m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | - | - | €4.0m | €0 | ▼ 100% |
| Trade debts44 | €0.001m | €0.01m | €0.007m | €0 | €0.1m | €0.3m | €0.7m | €0.2m | ▼ 63.9% |
| Suppliers440/4 | - | - | - | €0 | €0.1m | €0.3m | €0.7m | €0.2m | ▼ 63.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.04m | €0.2m | €0.2m | €0.09m | ▼ 49.2% |
| Taxes450/3 | - | - | - | €0.02m | €0.04m | €0.2m | €0.2m | €0.09m | ▼ 49.2% |
| Remuneration and social security454/9 | - | - | - | €0.003m | €0 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.8m | €4.5m | €2.6m | €2.6m | €3.1m | ▲ 19.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.5m | €0.5m | €0.6m | €0.7m | €0.8m | ▲ 14.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.1m | -€0.05m | €0.7m | €1.8m | €3.9m | €1.4m | €1.8m | ▲ 29.9% |
| + Depreciation and write-downs630 | €0.09m | €0.07m | €0.2m | €0.1m | €0.2m | €0.3m | €0.4m | €1.0m | ▲ 135% |
| Operating cash flow (approximation) | €0.2m | €0.2m | €0.2m | €0.8m | €2.0m | €4.1m | €1.8m | €2.7m | ▲ 54.2% |
| Investment in fixed assets (approximation) | - | -€0.03m | -€1.5m | -€0.4m | -€9.8m | -€2.7m | -€4.9m | -€2.1m | ▲ 57.9% |
| Change in cash | - | €0.04m | €0.06m | -€0.1m | €0.4m | -€0.4m | €0.05m | €0.09m | ▲ 97.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 31-08-2026 | 2026-00464977 | |
| 31-12-2024 | full format | 17-11-2025 | 2025-00566951 | |
| 31-12-2023 | full format | 14-10-2024 | 2024-00506519 | |
| 31-12-2022 | full format | 31-08-2023 | 2023-00398191 | |
| 31-12-2021 | full format | 26-09-2022 | 2022-20435212 | |
| 31-12-2020 | full format | 30-08-2021 | 2021-63900097 | |
| 31-12-2019 | full format | 02-09-2020 | 2020-50800237 | |
| 31-12-2018 | full format | 01-08-2019 | 2019-43800260 | |
| 31-12-2017 | full format | 08-08-2018 | 2018-44300389 | |
| 31-12-2016 | full format | 11-08-2017 | 2017-43000285 |
Board & ownership
Directors
Directors
3 directors, last change in 2024
VERSELE Jef
Current
Statutory director · since 05-12-2008 · earlier manager, until 05-06-2023 · term without a fixed end · listed in the 2025 annual accounts, filed on 31-08-2026
DEROOSE Theresa
Current
Director (not named in the articles) · since 10-12-2013 · earlier manager, until 05-06-2023 · term without a fixed end · listed in the 2025 annual accounts, filed on 31-08-2026
MARIE VERSELE
Current
Director (not named in the articles) · since 01-07-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 31-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 05-06-2023Owners and capital
Shareholders
Stated in the act
act of 11-04-2024 ↗
- Jef Versele 68,691 shares
- Theresa Deroose 17,172 shares
Stated in the act
act of 31-01-2024 ↗
- Jef Versele 68,686 shares · 80.00%
- Theresa Deroose 17,172 shares · 20.00%
Capital transactions
Capital over time
- 05-06-2023 Converted to unavailable equity · €860,641.93
Mandate history
5 people, 3 in office
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| DEROOSE Theresa |
|
| VERSELE Jef |
|
| MARIE VERSELE |
|
| Danneels Mathias |
|
| HAP CONSULT |
|
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Articles of association, deed of 31-01-2024 (in Dutch)
Network & group
Holdings and subsidiaries
3 holdingsHoldings 3
Source for every holding own accounts 2025
- BROUWERIJ VAN STEENBERGEsubsidiaryEquity €12.0m Profit of €2.3m in 2025 (profit of €1.0m in 2024) Checked score 96100%
- GEANT S.R.L.ITsubsidiary100%
- Immo MKPsubsidiaryEquity €3.3m Profit of €44,668 in 2025 (loss of €242,727 in 2024) Checked score 97100%
Board mandates elsewhere
2 board mandatesBoard mandates of JEFCOJEFCO sits on their board2
2 locations
1 location
Acquisitions and mergers
1 transactionReceived in a demerger part of:BROUWERIJ VAN STEENBERGE
Companies at the same address
3 other companiesConnections & network
3 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
31-08
full format · 31 days late
2025
17-11
full format · 109 days late
2024
04-12
Gazette deed
Appointment: MARIE VERSELE (director)3 points ▸
Gazette deed
Appointment: MARIE VERSELE (director)
3 points ▸
- General meeting, 01-07-2024
- Director appointment, MARIE VERSELE (director (not named in the articles))
- Director in office, Theresa Deroose (director)
14-10
full format · 75 days late
11-04
Gazette deed
Demerger: BROUWERIJ VAN STEENBERGE splits off to JEFCOThe company holds 99.97% of the shares of BROUWERIJ VAN STEENBERGE · Jef Versele holds 1 share (0.03%) · Capital decrease €29,693.647 points ▸
Gazette deed
Demerger: BROUWERIJ VAN STEENBERGE splits off to JEFCO
The company holds 99.97% of the shares of BROUWERIJ VAN STEENBERGE · Jef Versele holds 1 share (0.03%) · Capital decrease €29,693.647 points ▸
- The company holds 99.97% of the shares of BROUWERIJ VAN STEENBERGE
- Jef Versele holds 1 share (0.03%)
- Accounting effect, 01-10-2023
- Capital decrease, €29,693.64
- Amendment of the articles, 5, mentioned 2 times in the deed
- Jef Versele holds 68,691 shares
- Theresa Deroose holds 17,172 shares
- The act holds 20 more points.
31-01
Gazette deed
Demerger proposal: BROUWERIJ VAN STEENBERGE splits off to JEFCOAppointment: MOORE AUDIT BV (statutory auditor) · The company holds all the shares of BROUWERIJ VAN STEENBERGE · Jef Versele holds 68,686 shares10 points ▸
Gazette deed
Demerger proposal: BROUWERIJ VAN STEENBERGE splits off to JEFCO
Appointment: MOORE AUDIT BV (statutory auditor) · The company holds all the shares of BROUWERIJ VAN STEENBERGE · Jef Versele holds 68,686 shares10 points ▸
- The company holds all the shares of BROUWERIJ VAN STEENBERGE
- Jef Versele holds 68,686 shares
- Theresa Deroose holds 17,172 shares
- Accounting effect, 01-10-2023
- Power of attorney, Gert-Jan Van Der Gucht
- Power of attorney, Christophe Schits
- Power of attorney, Betül Belkiran
- Power of attorney, Elien Rousseeuw
- Power of attorney, Yorick Vanderlinden
- Auditor appointment, MOORE AUDIT BV (statutory auditor)
- The act holds 30 more points.
2023
31-12
Financial
Highest result from 2018 to 2025net €3.9m ▲109%
The net result of €3.9m is the highest of those years.
31-12
Financial
Equity above €10mequity €10.7m ▲61.4%
After 3 profitable years in a row, equity reaches €10.7m.
31-08
full format · 31 days late
05-06
Gazette deed
Registered office moved to DeinzeNew seat: Veldestraat 21, 9850 Deinze · Changes of role: DEROOSE Theresa (director) and VERSELE Jef (statutory director) · Reappointments: DEROOSE Theresa (director) and VERSELE Jef (statutory director)11 points ▸
Gazette deed
Registered office moved to Deinze
New seat: Veldestraat 21, 9850 Deinze · Changes of role: DEROOSE Theresa (director) and VERSELE Jef (statutory director) · Reappointments: DEROOSE Theresa (director) and VERSELE Jef (statutory director)11 points ▸
- General meeting, 31-05-2023
- Registered-office move, Veldestraat 21, 9850 Deinze
- Director resignation, DEROOSE Theresa (manager), mentioned 2 times in the deed
- Director resignation, VERSELE Jef (manager), mentioned 2 times in the deed
- Director appointment, DEROOSE Theresa (director (not named in the articles))
- Director appointment, VERSELE Jef (statutory director), mentioned 2 times in the deed
- Registered office clause, Veldestraat 21, 9850 Deinze
- Power of attorney, David De Neve
- 85,858 shares
- Director reappointment, DEROOSE Theresa (director (not named in the articles))
- Director reappointment, VERSELE Jef (statutory director)
- The act holds 4 more points.
2022
31-12
Financial
Equity above €5mequity €6.6m ▲38.5%
After 2 profitable years in a row, equity reaches €6.6m.
26-09
full format · 57 days late
Show earlier events
19-08
Gazette deed
2 directors resigningResignations: Danneels Mathias (director) and HAP CONSULT (director) · Permanent representative: Ann Van Dessel4 points ▸
Gazette deed
2 directors resigning
Resignations: Danneels Mathias (director) and HAP CONSULT (director) · Permanent representative: Ann Van Dessel4 points ▸
- General meeting, 18-04-2022
- Director resignation, Danneels Mathias (director)
- Director resignation, HAP CONSULT (director)
- Permanent representative, Ann Van Dessel
- The act holds 1 more point.
2021
31-12
Financial
Back to profitnet €707,664
The net result is €707,664, after one loss-making year.
30-08
full format · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€50,567
The net result drops to -€50,567, the lowest from 2018 to 2025. It recovers the following year.
02-09
full format · 33 days late
2019
01-08
full format · 1 day late
2018
08-08
full format · 8 days late
2017
11-08
full format · 11 days late
2008
18-12
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
JEFCO in Dutch
Enterprise number
0808.320.794
Legal form
Private limited company
Status
Active, normale toestand
Founded
10-12-2008
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 05-06-2023 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 05-06-2023 (in Dutch)Registered office and establishments
Registered office
Veldestraat 21, 9850 Deinze, Belgium
Establishment unit
JEFCO, Veldestraat 21, 9850 Deinze since 05-12-2008 · unit number 2.226.968.956 7010001 Activities of head offices
E-mail
theresa@vansteenberge.com establishment in Deinze
Activities
NACEBEL 202570200
Business and other management consultancy main activity
68201
Renting and operating of own or leased residential real estate, excluding social housing
68203
Renting and operating of own or leased non-residential real estate, excluding land
85592
Vocational training
Codes under NACEBEL 2008
70220
Business consulting main activity
68201
Real estate activities
68203
Real estate rental
85592
Vocational training
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 31-01-2024 (in Dutch)
“Management en beheer van bedrijven, zowel op het vlak van de administratie, financieel, organisatorisch, productie, marketing,; Het…”
14 activities
- Management en beheer van bedrijven, zowel op het vlak van de administratie, financieel, organisatorisch, productie, marketing,...
- Het organiseren van opleidingen en bijscholingen, het geven van cursussen
- Het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten vennootschappen en het beheer van een roerend vermogen in de ruimste zin van het woord
- Het beheer van een onroerend vermogen en de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit doel in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen, alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen
- Het bevorderen van de oprichting van vennootschappen door inbreng, participaties of investering
- Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren, onder om het even welke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten behalve die wettelijk voorbehouden zijn aan depositobanken, houders van deposito's op korte termijn, spaarkassen, hypotheekmaatschappijen, kapitalisatieondernemingen
- Het verlenen van adviezen van financiële, technische, commerciële of administratieve aard; in de ruimste zin, met uitzondering van adviezen inzake beleggingen en geldplaatsingen; bijstand en diensten verlenen, rechtstreeks of onrechtstreeks op het vlak van administratie en financiën, verkoop, productie en algemeen bestuur
- Het waarnemen van alle bestuursopdrachten, het uitoefenen van opdrachten en functies
- Het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, knowhow en aanverwante immateriële duurzame activa
- Het verlenen van administratieve prestaties en computerservices voor rekening van derden
- De aan- en verkoop, in- en uitvoer, commissiehandel en vertegenwoordiging van om het even welke goederen, in 't kort tussenpersoon in de handel
- Het onderzoek, de ontwikkeling, de vervaardiging of commercialisering van nieuwe producten, nieuwe vormen van technologie en hun toepassingen
- Voor eigen rekening
- Voor eigen rekening, voor rekening van derden, of in deelneming met derden
Invoicing and payment
VAT number
BE 0808.320.794
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
21 June at 10:00
deed of 05-06-2023 (in Dutch)Environmental permits
4 applications in Flanders since 2024 · 2 granted
Functiewijziging zonder verbouwingswerken; Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning)
Functiewijziging zonder verbouwingswerken; Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning)
Functiewijziging zonder verbouwingswerken; Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning)
Nieuwbouw of aanleggen; Slopen of verwijderen; Verbouwen / Wijzigen Infrastructuur
Source: Omgevingsloket Vlaanderen.
Sites & property
Location
Buildings and parcels at the address
Ground area
273 m²
Building footprint
258 m²
Building volume
2,531 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44044B0610/00D000 | Flanders | 273 m² | 1 · 258 m² | 17.4 m · 3 |