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JEFCO

Active
Public limited companyfounded 200620 yrs activeHerentalse Steenweg 94, 2270 Herenthout, BelgiumKBO/BCE: BE 0882.213.515
Summary

JEFCO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €820,689 and a net result of -€115,581. Equity is shrinking by ~16.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 95% of 1222 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability5▲+5
Solvency100▲+100
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 15.34 against 0.02 in 2024; short-term debt: 0.8% and cash: 4.7% of total assets), and 0.8% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 20 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
99.2%
Return on assets
-14%
Age of the figures
9 mo
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
51 d early
2024
37 d early
2023
35 d early
2022
44 d early
2021
37 d early
2020
33 d early
2019
43 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 40 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% 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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
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

JEFCO was incorporated on 30 June 2006.1 Total assets fell from EUR 1.1 million in 2018 to EUR 827,616 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€820,689
2024 · -€1.4m
Total assets
€827,616▲ 2.0%
2024 · €811,424
Net result
-€115,581▲ 31.3%
2024 · -€168,195
Working capital
€93,938
2024 · -€2.2m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, 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-€76,874▼ 4.1%-€59,903▲ 22.1%-€59,820▲ 0.1%-€63,887▼ 6.8%-€4,554▲ 92.9%
Net result-€148,533below the sector's middle half▼ 6.7%-€136,085below the sector's middle half▲ 8.4%-€165,690below the sector's middle half▼ 21.8%-€168,195below the sector's middle half▼ 1.5%-€115,581below the sector's middle half▲ 31.3%
Equity-€943,761below the sector's middle half▼ 18.7%-€1.1mbelow the sector's middle half▼ 14.4%-€1.2mbelow the sector's middle half▼ 15.3%-€1.4mbelow the sector's middle half▼ 13.5%€820,689above the sector's middle half
Total assets€932,197above the sector's middle half▼ 4.9%€901,895above the sector's middle half▼ 3.3%€841,607within the sector's middle half▼ 6.7%€811,424within the sector's middle half▼ 3.6%€827,616within the sector's middle half▲ 2.0%
Debt€1.9m▲ 5.6%€2.0m▲ 5.6%€2.1m▲ 5.3%€2.2m▲ 6.6%€6,927▼ 99.7%
Working capital-€1.9m▼ 10.2%-€2.0m▼ 4.6%-€2.1m▼ 6.1%-€2.2m▼ 5.7%€93,938
Solvency-101.2%below the sector's middle half▼ 20.1pp-119.7%below the sector's middle half▼ 18.5pp-148.0%below the sector's middle half▼ 28.3pp-174.2%below the sector's middle half▼ 26.2pp99.2%above the sector's middle half▲ 273.4pp
above within below the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000-€150,000-€100,000-€50,000€0Operating result 2021: -€76,874-€76,874Net result 2021: -€148,533-€148,533Operating result 2022: -€59,903-€59,903Net result 2022: -€136,085-€136,085Operating result 2023: -€59,820-€59,820Net result 2023: -€165,690-€165,690Operating result 2024: -€63,887-€63,887Net result 2024: -€168,195-€168,195Operating result 2025: -€4,554-€4,554Net result 2025: -€115,581-€115,58120212022202320242025-€200,000-€150,000-€100,000-€50,000€0Operating result 2023: -€59,820-€59,800Net result 2023: -€165,690-€166,000Operating result 2024: -€63,887-€63,900Net result 2024: -€168,195-€168,000Operating result 2025: -€4,554-€4,550Net result 2025: -€115,581-€116,000202320242025
The operating result stays negative: a loss of €4,554 in 2025 against €63,887 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €823,988
Fixed assets €723,498 ▼ 6.5%
Current assets €100,489 ▲ 166%
Equity and liabilities €827,616
Equity €820,689
Debt €6,927
Debt finances 0.8% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€45,558▲
2024 · -€13,795
Cash flow
-€65,470▲
2024 · -€118,103
Current ratio
15.34▲
2024 · 0.02
Debt to equity
0.01▲
2024 · -1.57
ROE
-14.1%
ROA
-14.0%▲
2024 · -20.7%
Interest coverage
0.41▲
2024 · -0.13
Debt ≤ 1 year
€6,551▼
2024 · €2.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 928 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.1% went bankrupt
8.7% stopped otherwise
90% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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%.

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% 1.7%
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 928 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 · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€811,424€827,616▲
Formation expenses20-€3,628
Fixed assets21/28€773,590€723,498▼
Tangible fixed assets22/27€771,915€721,823▼
Land and buildings22€768,038€718,930▼
Other tangible fixed assets26€3,876€2,893▼
Financial fixed assets28€1,675€1,675=
Current assets29/58€37,834€100,489▲
Amounts receivable within one year40/41€6,294€4,285▼
Trade receivables40€6,294€3,648▼
Other amounts receivable41-€637
Cash at bank and in hand54/58€24,488€39,143▲
Deferred charges and accrued income490/1€7,052€57,061▲
Equity and liabilities
Total equity and liabilities10/49€811,424€827,616▲
Equity10/15-€1.4m€820,689▲
Contributions10/11€62,000€2.4m▲
Capital10€62,000€2.4m▲
Issued capital100€62,000€2.4m▲
Profit (loss) carried forward14-€1.5m-€1.6m▼
Amounts payable17/49€2.2m€6,927▼
Amounts payable within one year42/48€2.2m€6,551▼
Trade debts44€757€6,551▲
Suppliers440/4€757€6,551▲
Taxes, remuneration and social security45€612-
Taxes450/3€612-
Other amounts payable47/48€2.2m-
Accrued charges and deferred income492/3-€375
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50,092€50,111=
Other operating charges640/8€45,568€46,148▲
Gross operating margin9900€31,772€91,706▲
Operating profit (loss)9901-€63,887-€4,554▲
Financial charges65/66B€104,308€111,027▲
Recurring financial charges65€104,308€111,027▲
Profit (loss) for the period before taxes9903-€168,195-€115,581▲
Profit (loss) for the period9904-€168,195-€115,581▲
Profit (loss) for the period to be appropriated9905-€168,195-€115,581▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1.5m-€1.6m▼
Profit (loss) brought forward from the previous period14P-€1.3m-€1.5m▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50,772€50,772€50,169€50,092€50,111=
Other operating charges640/8€36,782€41,285€45,862€45,568€46,148▲ 1.3%
Gross operating margin9900€10,679€32,154€36,211€31,772€91,706▲ 189%
Operating profit (loss)9901-€76,874-€59,903-€59,820-€63,887-€4,554▲ 92.9%
Financial charges65/66B€71,659€76,182€105,869€104,308€111,027▲ 6.4%
Recurring financial charges65€71,659€76,182€105,869€104,308€111,027▲ 6.4%
Profit (loss) for the period before taxes9903-€148,533-€136,085-€165,690-€168,195-€115,581▲ 31.3%
Profit (loss) for the period9904-€148,533-€136,085-€165,690-€168,195-€115,581▲ 31.3%
Profit (loss) for the period to be appropriated9905-€148,533-€136,085-€165,690-€168,195-€115,581▲ 31.3%
Line20212022202320242025Change
Assets
Total assets20/58€932,197€901,895€841,607€811,424€827,616▲ 2.0%
Formation expenses20----€3,628-
Fixed assets21/28€921,958€871,186€823,681€773,590€723,498▼ 6.5%
Tangible fixed assets22/27€920,283€869,511€822,006€771,915€721,823▼ 6.5%
Land and buildings22€915,363€866,255€817,147€768,038€718,930▼ 6.4%
Furniture and vehicles24€1,175€228----
Other tangible fixed assets26€3,745€3,028€4,860€3,876€2,893▼ 25.4%
Financial fixed assets28€1,675€1,675€1,675€1,675€1,675=
Current assets29/58€10,239€30,709€17,926€37,834€100,489▲ 166%
Amounts receivable within one year40/41€4,013€5,031€6,456€6,294€4,285▼ 31.9%
Trade receivables40€4,013€5,031€6,456€6,294€3,648▼ 42.0%
Other amounts receivable41----€637-
Cash at bank and in hand54/58€4,996€20,349€4,431€24,488€39,143▲ 59.8%
Deferred charges and accrued income490/1€1,231€5,330€7,039€7,052€57,061▲ 709%
Equity and liabilities
Total equity and liabilities10/49€932,197€901,895€841,607€811,424€827,616▲ 2.0%
Equity10/15-€943,761-€1.1m-€1.2m-€1.4m€820,689▲ 158%
Contributions10/11€62,000€62,000€62,000€62,000€2.4m▲ 3,790%
Capital10€62,000€62,000€62,000€62,000€2.4m▲ 3,790%
Issued capital100€62,000€62,000€62,000€62,000€2.4m▲ 3,790%
Profit (loss) carried forward14-€1.0m-€1.1m-€1.3m-€1.5m-€1.6m▼ 7.8%
Amounts payable17/49€1.9m€2.0m€2.1m€2.2m€6,927▼ 99.7%
Amounts payable within one year42/48€1.9m€2.0m€2.1m€2.2m€6,551▼ 99.7%
Trade debts44€2,082€1,901€1,241€757€6,551▲ 765%
Suppliers440/4€2,082€1,901€1,241€757€6,551▲ 765%
Taxes, remuneration and social security45--€687€612--
Taxes450/3--€687€612--
Other amounts payable47/48€1.9m€2.0m€2.1m€2.2m--
Accrued charges and deferred income492/3----€375-
Line20212022202320242025Change
Profit (loss) for the period9904-€148,533-€136,085-€165,690-€168,195-€115,581▲ 31.3%
+ Depreciation and write-downs630€50,772€50,772€50,169€50,092€50,111=
Operating cash flow (approximation)-€97,762-€85,313-€115,520-€118,103-€65,470▲ 44.6%
Investment in fixed assets (approximation)-€0-€2,664€0-€20-
Change in cash-€15,353-€15,918€20,057€14,655▼ 26.9%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Liquidity times 902current ratio 15.34
Current ratio from 0.02 to 15.34; short-term debt falls from €2.2m to €6,551.
31-12
Financial Equity above €500,000Eq €820,689
Equity rises from -€1.4m to €820,689.
24-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Weakest financial yearnet -€168,195
Net result drops to -€168,195, the lowest in the series; recovery starts the following year.
26-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
24-05
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
28-05
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
18-05
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-05
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-05
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-05
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 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
6 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, Herenthout · 1 establishment unit since 2006
seat establishment The establishment unit on the map
Ground area
2,729 m²
Building footprint
552 m²
Volume, LiDAR
1,844 m³
Parcel 13012B0296/00E000, Flanders · tallest building 8.7 m, ±1 floor. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
JEFCO
Herentalse Steenweg 94, 2270 HerenthoutNACE 70322
since 20062.155.958.424
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13012B0296/00E000 Flanders 2,729 m² 1 · 552 m² 8.7 m · 1 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

Chain of control

  1. IMMO POELMANS 99.97%
  2. JEFCO

Highest known parent: IMMO POELMANS. The sources do not say who stands above it.

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.

Similar companies · same sector, comparable size

Of 1,279 companies in sector 81100 we hold annual accounts for 679. 440 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded30-06-2006
Fiscal year end31-12
Activities, NACEBEL 2025
81100Combined facilities support activities
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
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0882213515
Registered 07-01-2026

Register as of 27 September 2026 · Peppol Directory

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