Jema
ActiveSummary
Jema has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.2m and a net result of €20,230. Equity is growing by ~40.9% per year across the filed fiscal years. Its solvency ranks better than 16% of 1855 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-4
Solvency38=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity short (current ratio 0.93 against 0.88 in 2023; short-term debt: 31.1% and cash: 2% of total assets), and 86.8% 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
13.2%
Return on assets
0.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 1855 sector peers (2024).
NBB · sector comparisonPosition among 1855 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
on the day
2022
11 d early
2021
6 d early
2020
12 d late
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 2 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#4 company by total assets in Waregem, Transport and storage sector#6 company by equity in Waregem, Transport and storage sector#8 oldest company in Waregem, Transport and storage sector
Equity
€1.2m▲ 1.7%
2023 · €1.2m
Total assets
€9.1m▲ 1.2%
2023 · €9.0m
Net result
€20,230▼ 93.7%
2023 · €321,025
Working capital
-€194,810▲ 41.5%
2023 · -€332,987
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€111,908▲ 19.2%€122,801▲ 9.7%€290,835▲ 137%€354,333▲ 21.8%€47,217▼ 86.7%
Net result€102,605▲ 13.7%€113,344▲ 10.5%€249,039▲ 120%€321,025▲ 28.9%€20,230▼ 93.7%
Equity€388,738▲ 35.9%€616,322▲ 58.5%€865,361▲ 40.4%€1.2m▲ 37.1%€1.2m▲ 1.7%
Total assets€925,900▲ 22.4%€3.6m▲ 288%€5.9m▲ 63.2%€9.0m▲ 53.9%€9.1m▲ 1.2%
Debt€537,161▲ 14.2%€3.0m▲ 454%€5.0m▲ 67.9%€7.8m▲ 56.8%€7.9m▲ 1.1%
Working capital-€10,744-€1.8m▼ 16,790%€876,583-€332,987-€194,810▲ 41.5%
Staff (FTE)7▼ 10.3%9.5▲ 35.7%10.6▲ 11.6%8.7▼ 17.9%10▲ 14.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 87% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.1m
Fixed assets
€6.5m ▼ 1.2%
Current assets
€2.6m ▲ 7.6%
Equity and liabilities €9.1m
Equity
€1.2m ▲ 1.7%
Debt
€7.9m ▲ 1.1%
Debt's share of the balance-sheet total falls from 86.8% to 86.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€787,680▼
2023 · €1.1m
Cash flow
€760,693▼
2023 · €1.0m
Current ratio
0.93▲
2023 · 0.88
Debt to equity
6.57▼
2023 · 6.60
ROE
1.7%▼
2023 · 27.1%
ROA
0.2%▼
2023 · 3.6%
Interest coverage
7.09▼
2023 · 12.71
Debt ≤ 1 year
€2.8m▲
2023 · €2.8m
Debt > 1 year
€5.1m▲
2023 · €5.0m
Income taxes
€5,933▼
2023 · €6,036
Staff costs
€606,836▲
2023 · €517,083
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,653 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 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% | 1.6% |
| 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 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 4,653 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3,219 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €468,644 | €606,088 | €517,083 | €606,836 | ▲ 17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,025 | €277,257 | €499,788 | €711,608 | €740,463 | ▲ 4.1% |
| Other operating charges640/8 | - | €12,460 | €13,819 | €15,795 | €61,517 | ▲ 289% |
| Non-recurring operating charges66A | - | - | €4,042 | €0 | - | - |
| Gross operating margin9900 | €511,992 | €881,162 | €1.4m | €1.6m | €1.5m | ▼ 8.9% |
| Operating profit (loss)9901 | €111,908 | €122,801 | €290,835 | €354,333 | €47,217 | ▼ 86.7% |
| Financial income75/76B | - | €2,846 | €1,910 | €56,597 | €90,013 | ▲ 59.0% |
| Recurring financial income75 | €4,478 | €2,846 | €1,910 | €56,597 | €90,013 | ▲ 59.0% |
| Financial charges65/66B | - | €11,716 | €43,706 | €83,869 | €111,066 | ▲ 32.4% |
| Recurring financial charges65 | €6,231 | €11,716 | €43,706 | €83,869 | €111,066 | ▲ 32.4% |
| Profit (loss) for the period before taxes9903 | €110,154 | €113,931 | €249,039 | €327,061 | €26,164 | ▼ 92.0% |
| Income taxes67/77 | €7,550 | €587 | €0 | €6,036 | €5,933 | ▼ 1.7% |
| Profit (loss) for the period9904 | €102,605 | €113,344 | €249,039 | €321,025 | €20,230 | ▼ 93.7% |
| Profit (loss) for the period to be appropriated9905 | €102,605 | €113,344 | €249,039 | €321,025 | €20,230 | ▼ 93.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €925,900 | €3.6m | €5.9m | €9.0m | €9.1m | ▲ 1.2% |
| Fixed assets21/28 | €453,014 | €2.6m | €3.1m | €6.6m | €6.5m | ▼ 1.2% |
| Intangible fixed assets21 | €34,408 | €27,408 | €25,675 | €17,621 | €136,701 | ▲ 676% |
| Tangible fixed assets22/27 | €418,335 | €2.1m | €2.6m | €3.5m | €2.8m | ▼ 18.6% |
| Plant, machinery and equipment23 | - | €1.1m | €1.8m | €1.7m | €1.2m | ▼ 26.2% |
| Furniture and vehicles24 | - | €867,052 | €692,082 | €572,102 | €488,904 | ▼ 14.5% |
| Leasing and similar rights25 | - | €179,785 | €115,985 | €1.2m | €1.1m | ▼ 10.2% |
| Financial fixed assets28 | €271 | €423,441 | €427,014 | €3.1m | €3.5m | ▲ 14.8% |
| Current assets29/58 | €472,886 | €1.0m | €2.8m | €2.5m | €2.6m | ▲ 7.6% |
| Amounts receivable after more than one year29 | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Other amounts receivable291 | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Amounts receivable within one year40/41 | €415,488 | €908,703 | €2.7m | €2.0m | €2.4m | ▲ 18.3% |
| Trade receivables40 | - | €335,768 | €737,225 | €493,874 | €317,525 | ▼ 35.7% |
| Other amounts receivable41 | - | €572,935 | €1.9m | €1.5m | €2.1m | ▲ 35.5% |
| Cash at bank and in hand54/58 | €28,684 | €46,179 | €61,035 | €380,613 | €185,576 | ▼ 51.2% |
| Deferred charges and accrued income490/1 | - | €53,068 | €45,269 | €13,057 | €22,182 | ▲ 69.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €925,900 | €3.6m | €5.9m | €9.0m | €9.1m | ▲ 1.2% |
| Equity10/15 | €388,738 | €616,322 | €865,361 | €1.2m | €1.2m | ▲ 1.7% |
| Contributions10/11 | - | €132,832 | €132,832 | €132,832 | €132,832 | = |
| Reserves13 | €370,146 | €483,490 | €732,529 | €1.1m | €1.1m | ▲ 1.9% |
| Distributable reserves133 | - | €483,490 | €732,529 | €1.1m | €1.1m | ▲ 1.9% |
| Amounts payable17/49 | €537,161 | €3.0m | €5.0m | €7.8m | €7.9m | ▲ 1.1% |
| Amounts payable after more than one year17 | €53,532 | €121,471 | €3.1m | €5.0m | €5.1m | ▲ 0.8% |
| Financial debts170/4 | - | €121,471 | €3.1m | €5.0m | €5.0m | ▼ 0.6% |
| Other amounts payable178/9 | - | - | - | - | €72,600 | - |
| Amounts payable within one year42/48 | €483,629 | €2.9m | €1.9m | €2.8m | €2.8m | ▲ 1.7% |
| Current portion of amounts payable after more than one year42 | - | €61,313 | €51,109 | €29,934 | €30,265 | ▲ 1.1% |
| Trade debts44 | €144,129 | €54,997 | €81,771 | €227,069 | €108,625 | ▼ 52.2% |
| Suppliers440/4 | - | €54,997 | €81,771 | €227,069 | €108,625 | ▼ 52.2% |
| Taxes, remuneration and social security45 | - | €45,408 | €57,159 | €129,414 | €131,417 | ▲ 1.5% |
| Taxes450/3 | - | €2,048 | €3,899 | €74,471 | €74,753 | ▲ 0.4% |
| Remuneration and social security454/9 | - | €43,361 | €53,260 | €54,943 | €56,664 | ▲ 3.1% |
| Other amounts payable47/48 | - | €2.7m | €1.7m | €2.4m | €2.6m | ▲ 6.8% |
| Accrued charges and deferred income492/3 | - | - | - | €90 | €93 | ▲ 3.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €102,605 | €113,344 | €249,039 | €321,025 | €20,230 | ▼ 93.7% |
| + Depreciation and write-downs630 | €48,025 | €277,257 | €499,788 | €711,608 | €740,463 | ▲ 4.1% |
| Operating cash flow (approximation) | €150,630 | €390,601 | €748,827 | €1.0m | €760,693 | ▼ 26.3% |
| Investment in fixed assets (approximation) | - | -€2.4m | -€1.0m | -€4.2m | -€664,855 | ▲ 84.2% |
| Change in cash | - | €17,495 | €14,856 | €319,578 | -€195,037 | ▼ 161% |
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
2026
18-09
State Gazette act
General meeting · Director appointment
Director resignation · Permanent representative
25-06
State Gazette act
Demerger · Share issue
Accounting effect · Asset transfer
25-06
State Gazette act
Demerger · Corporate purpose
Permanent representative · Net-asset statement
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €20,230 ▼93.7%
Net result drops to €20,230, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €321,025 ▲28.9%
Operating result €354,333, net result €321,025, both a record.
31-12
Financial
Equity above €1mEq €1.2m ▲37.1%
6 profitable years in a row build equity to €1.2m.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 1.46
Current ratio from 0.36 to 1.46; short-term debt falls from €2.9m to €1.9m.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500,000Eq €616,322 ▲58.5%
4 profitable years in a row build equity to €616,322.
Show earlier events
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200,000Eq €286,134 ▲46.1%
2 profitable years in a row build equity to €286,134.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 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
18 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, Waregem · 1 establishment unit since 1989
Ground area
8,751 m²
Building footprint
5,534 m²
Volume, LiDAR
33,851 m³
Parcel 34006B0514/00A002, Flanders · tallest building 60.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Spijkerlaan 72, 8791 Waregem
since 19892.044.437.524
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006B0514/00A002 | Flanders | 8,751 m² | 1 · 5,534 m² | 60.6 m · 2 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
4 holdings · 8 subsidiaries in the treeOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 4
-
100%
-
90%
-
52%
-
50%
All subsidiaries, including indirect ones 8
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- IMMOTRACK 100%
WOODPROJECT -DEL SOL 52%2 subsidiaries
- DEL SOL 100%
- WOODPROJECT 100%
According to the 2024 annual accounts of Jema and those 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 11 entries · 43,901 EUR awarded · 43,902 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 8,580 EUR | 18,550 EUR |
| 2024 | 1 | 135 EUR | 135 EUR |
| 2023 | 3 | 405 EUR | 24,045 EUR |
| 2022 | 3 | 34,781 EUR | 1,172 EUR |
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 3,839 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
Founded03-06-1989
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46712Wholesale trade
95319Other maintenance and repair of motor vehicles
46180Agents specialised in the wholesale of other particular products
46832Wholesale of timber
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
77110Renting and leasing of cars and light motor vehicles
95314Bodywork repair (including spraying and painting)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438102478
Also
9925:BE0438102478
Registered
10-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.