JEMAR
ActiveSummary
JEMAR has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €856k and a net result of €169k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 55% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+21
Solvency63▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.6 in 2024; short-term debt: 21% and cash: 1.2% of total assets), and 62% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2025Solvency, return and age of the figures
Solvency
38%
Return on assets
7.5%
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
14 d early
2023
5 d early
2022
25 d late
2021
30 d early
2020
26 d early
2019
29 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€856k▲ 21.3%
2024 · €706k
Total assets
€2.25M▼ 13.3%
2024 · €2.60M
Net result
€169k▲ 158%
2024 · €66k
Working capital
€-144k▲ 48.6%
2024 · €-280k
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
Line20212022202320242025
Operating result€270k▲ 11.7%€111k▼ 58.8%€88k▼ 20.5%€161k▲ 82.1%€300k▲ 86.5%
Net result€158k▲ 12.3%€56k▼ 64.8%€28k▼ 50.4%€66k▲ 137%€169k▲ 158%
Equity€557k▲ 39.7%€612k▲ 10.0%€640k▲ 4.5%€706k▲ 10.3%€856k▲ 21.3%
Total assets€2.12M▲ 3.5%€2.15M▲ 1.5%€2.81M▲ 30.5%€2.60M▼ 7.5%€2.25M▼ 13.3%
Debt€1.57M▼ 5.2%€1.54M▼ 1.6%€2.17M▲ 40.8%€1.89M▼ 12.8%€1.40M▼ 26.2%
Working capital€-322k▼ 8.1%€-281k▲ 12.7%€-296k▼ 5.2%€-280k▲ 5.2%€-144k▲ 48.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 86% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.25M
Fixed assets
€1.92M ▼ 11.5%
Current assets
€330k ▼ 22.7%
Equity and liabilities €2.25M
Equity
€856k ▲ 21.3%
Debt
€1.40M ▼ 26.2%
Debt's share of the balance-sheet total falls from 72.8% to 62.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€409k▲
2024 · €272k
Cash flow
€278k▲
2024 · €177k
Current ratio
0.70▲
2024 · 0.60
Quick ratio
0.18▲
2024 · 0.16
Debt to equity
1.63▼
2024 · 2.68
ROE
19.8%▲
2024 · 9.3%
ROA
7.5%▲
2024 · 2.5%
Interest coverage
8.19▲
2024 · 4.26
Debt ≤ 1 year
€474k▼
2024 · €708k
Debt > 1 year
€917k▼
2024 · €1.17M
Income taxes
€82k▲
2024 · €31k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €216k | €28k | €88k | €83k | €192k | ▲ 131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €89k | €85k | €102k | €112k | €109k | ▼ 2.7% |
| Other operating charges640/8 | €57k | €33k | €84k | €39k | €36k | ▼ 8.8% |
| Gross operating margin9900 | €416k | €229k | €275k | €312k | €444k | ▲ 42.5% |
| Operating profit (loss)9901 | €270k | €111k | €88k | €161k | €300k | ▲ 86.5% |
| Financial income75/76B | €858 | €212 | €0 | - | €837 | - |
| Recurring financial income75 | €858 | €212 | €0 | - | €837 | - |
| Financial charges65/66B | €33k | €30k | €48k | €64k | €50k | ▼ 22.0% |
| Recurring financial charges65 | €33k | €30k | €48k | €64k | €50k | ▼ 22.0% |
| Profit (loss) for the period before taxes9903 | €237k | €82k | €41k | €97k | €251k | ▲ 159% |
| Income taxes67/77 | €79k | €26k | €13k | €31k | €82k | ▲ 161% |
| Profit (loss) for the period9904 | €158k | €56k | €28k | €66k | €169k | ▲ 158% |
| Profit (loss) for the period to be appropriated9905 | €158k | €56k | €28k | €66k | €169k | ▲ 158% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.12M | €2.15M | €2.81M | €2.60M | €2.25M | ▼ 13.3% |
| Fixed assets21/28 | €2.01M | €1.87M | €2.25M | €2.17M | €1.92M | ▼ 11.5% |
| Tangible fixed assets22/27 | €2.01M | €1.87M | €2.25M | €2.17M | €1.92M | ▼ 11.5% |
| Land and buildings22 | €2.00M | €1.86M | €2.25M | €2.16M | €1.91M | ▼ 11.5% |
| Plant, machinery and equipment23 | €246 | €0 | - | - | - | - |
| Furniture and vehicles24 | €4k | €3k | €2k | €968 | €0 | ▼ 100% |
| Assets under construction and advance payments27 | €0 | - | - | €11k | €11k | = |
| Current assets29/58 | €116k | €289k | €557k | €427k | €330k | ▼ 22.7% |
| Stocks and contracts in progress3 | - | €190k | €493k | €315k | €243k | ▼ 23.0% |
| Stocks30/36 | - | €190k | €493k | €315k | €243k | ▼ 23.0% |
| Amounts receivable within one year40/41 | €690 | €58k | €39k | €469 | €55k | ▲ 11,578% |
| Trade receivables40 | €0 | €47k | €0 | - | - | - |
| Other amounts receivable41 | €690 | €11k | €39k | €469 | €55k | ▲ 11,578% |
| Cash at bank and in hand54/58 | €110k | €36k | €22k | €109k | €28k | ▼ 74.7% |
| Deferred charges and accrued income490/1 | €5k | €5k | €3k | €2k | €5k | ▲ 137% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.12M | €2.15M | €2.81M | €2.60M | €2.25M | ▼ 13.3% |
| Equity10/15 | €557k | €612k | €640k | €706k | €856k | ▲ 21.3% |
| Contributions10/11 | €63k | €63k | €63k | €63k | €63k | = |
| Capital10 | €63k | €63k | €63k | €63k | €63k | = |
| Issued capital100 | €63k | €63k | €63k | €63k | €63k | = |
| Reserves13 | €494k | €550k | €578k | €643k | €794k | ▲ 23.4% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €488k | €544k | €571k | €637k | €787k | ▲ 23.6% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €1.57M | €1.54M | €2.17M | €1.89M | €1.40M | ▼ 26.2% |
| Amounts payable after more than one year17 | €1.10M | €946k | €1.29M | €1.17M | €917k | ▼ 21.9% |
| Financial debts170/4 | €1.09M | €934k | €1.27M | €1.16M | €905k | ▼ 22.2% |
| Other amounts payable178/9 | €13k | €12k | €12k | €12k | €12k | = |
| Amounts payable within one year42/48 | €438k | €570k | €853k | €708k | €474k | ▼ 33.0% |
| Current portion of amounts payable after more than one year42 | €134k | €147k | €179k | €187k | €187k | ▲ 0.2% |
| Financial debts43 | €0 | €78k | €305k | €218k | €181k | ▼ 17.0% |
| Credit institutions430/8 | €0 | €78k | €305k | €218k | €181k | ▼ 17.0% |
| Trade debts44 | €156 | €471 | €44k | €28k | €49k | ▲ 74.6% |
| Suppliers440/4 | €156 | €471 | €44k | €28k | €49k | ▲ 74.6% |
| Taxes, remuneration and social security45 | €145k | €79k | €0 | €16k | €57k | ▲ 249% |
| Taxes450/3 | €145k | €79k | €0 | €16k | €57k | ▲ 249% |
| Other amounts payable47/48 | €159k | €265k | €324k | €258k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €25k | €25k | €31k | €10k | €6k | ▼ 46.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €158k | €56k | €28k | €66k | €169k | ▲ 158% |
| + Depreciation and write-downs630 | €89k | €85k | €102k | €112k | €109k | ▼ 2.7% |
| Operating cash flow (approximation) | €247k | €141k | €130k | €177k | €278k | ▲ 56.7% |
| Investment in fixed assets (approximation) | - | €57k | €-491k | €-30k | €140k | ▲ 574% |
| Change in cash | - | €-75k | €-14k | €87k | €-82k | ▼ 194% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €169k ▲158%
Operating result €300k, net result €169k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
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
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500kEq €557k ▲39.7%
4 profitable years in a row build equity to €557k.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €257k ▲44.8%
2 profitable years in a row build equity to €257k.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Maasmechelen · 1 establishment unit since 1994
Ground area
1,014 m²
Building footprint
220 m²
Volume, LiDAR
1,198 m³
Parcel 73048C0720/00C002, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JEMAR
since 19942.067.225.792
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048C0720/00C002 | Flanders | 1,014 m² | 1 · 220 m² | 10.2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 3,087 EUR awarded · 3,087 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,087 EUR | 3,087 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 3,348 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
Founded01-03-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.