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JEMATECH

Active
Private limited companyfounded 2021active for 5 yearsPaepestraat 2B, 9850 Deinze, BelgiumKBO/BCE: BE 0774.704.554
Summary

JEMATECH has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €260,415 and a net result of €70,314. Equity has been growing by about 47% per year since 2022. Its solvency ranks better than 41% of 34,954 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Overview

Official details

Source: KBO
Status
Active since 28-09-2021 Normal situation
Activity
General electrical installation work NACE 43211and 3 others
Establishment unit
2.322.825.346 9850 Deinze, since 01-10-2021
Financial year end
30 September
Peppol
Reachable since 31-10-2023

Board and ownership

Board
  • Matthys JensDirector

Financial position

90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts to 30-09-2025
Gross margin
€131,618
▲ 14.3%
Turnover
≈ €390,000
estimated
Profit
€70,314
▼ 7.4%
Equity
€260,415
▲ 37.0%
Total assets
€668,396
▲ 203%
Score breakdownraises riskFounded in 2021lowers riskSize: total assets €668,396Figures for financial year 2025 (filed on 17-12-2025)Liquidity: current ratio 2.57, cash €123,742Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 62% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 64-36
equity 39.0% of total assets
Liquidity 68-32
short-term debt 17.8% · cash 18.5%
Profitability 82-18
return on assets 10.5%
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).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.1%▼ -0.1 percentage points vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.2%▲ +0.1 percentage points vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026highest value 11-2026: 0.2%● unchanged vs 10-2026highest value
Credit of up to €23,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.57 (8.03 in 2024), above the usual 1.5. Short-term debt is 17.8% and cash 18.5% of total assets. However, 61% 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 43, micro). It does better than 42% of them on solvency, 67% on liquidity, 63% on profitability and 78% on growth.

The bankruptcy probability was computed on 02-11-2026 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).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €668,396
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 17-12-2025)
NBB · annual accounts
raises risk · Founded in 2021
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Liquidity: current ratio 2.57, cash €123,742
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-12-2025, 134 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
134 days early
2024
68 days early
2023
39 days early
2022
38 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 4 accounts on average 70 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 8 March (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end03-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 17-12-2025 PDF all 4 filings

Turnover
≈ €390,000
Estimated: probably between €260,000 and €480,000
Total assets
€668,396▲ 203%
2024 · €220,886
Net result
€70,314▼ 7.4%
2024 · €75,934
Working capital
€187,112▲ 27.6%
2024 · €146,668
Multi-year overview
2022 to 2025, 4 financial years
Operating result
€89,113
▼ 7.4% 2025
20222025
Net result
€70,314
▼ 7.4% 2025
highest quarter of the sector
20222025
Equity
€260,415
▲ 37.0% 2025
highest quarter of the sector
20222025
Total assets
€668,396
▲ 203% 2025
highest quarter of the sector
20222025
Debt
€407,981
▲ 13× 2025
20222025
Working capital
€187,112
▲ 27.6% 2025
highest quarter of the sector
20222025
Solvency
39.0%
▼ 47.1pp 2025
middle half of the sector
20222025
Current ratio
2.57
▼ 5.45 2025
middle half of the sector
20222025
Return on assets (ROA)
10.5%
▼ 23.9pp 2025
middle half of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line2022202320242025
Operating result€48,996-€79,697▲ 62.7%€96,253▲ 20.8%€89,113▼ 7.4%
Net result€41,116above the sector's middle half-€68,050above the sector's middle half▲ 65.5%€75,934above the sector's middle half▲ 11.6%€70,314above the sector's middle half▼ 7.4%
Equity€46,116within the sector's middle half-€114,166within the sector's middle half▲ 148%€190,101above the sector's middle half▲ 66.5%€260,415above the sector's middle half▲ 37.0%
Total assets€83,247within the sector's middle half-€156,497within the sector's middle half▲ 88.0%€220,886within the sector's middle half▲ 41.1%€668,396above the sector's middle half▲ 203%
Debt€37,131-€42,330▲ 14.0%€30,785▼ 27.3%€407,981▲ 13×
Working capital€35,570within the sector's middle half-€91,560above the sector's middle half▲ 157%€146,668above the sector's middle half▲ 60.2%€187,112above the sector's middle half▲ 27.6%
Solvency55.4%within the sector's middle half-73.0%above the sector's middle half▲ 17.6pp86.1%above the sector's middle half▲ 13.1pp39.0%within the sector's middle half▼ 47.1pp
Current ratio3.00within the sector's middle half-4.31above the sector's middle half▲ 1.318.03above the sector's middle half▲ 3.722.57within the sector's middle half▼ 5.45
Return on assets (ROA)49.4%above the sector's middle half-43.5%above the sector's middle half▼ 5.9pp34.4%above the sector's middle half▼ 9.1pp10.5%within the sector's middle half▼ 23.9pp
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 7% lower than in 2024.

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €668,396
Fixed assets €362,402 ▲ 579%
Current assets €305,994 ▲ 82.6%
Equity and liabilities €668,396
Equity €260,415 ▲ 37.0%
Debt €407,981 ▲ 13×
Debt's share of the balance-sheet total rises from 13.9% to 61.0%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€131,299▲
2024 · €114,857
Cash flow
€112,501▲
2024 · €94,538
Debt to equity
1.57▲
2024 · 0.16
ROE
27.0%▼
2024 · 39.9%
Interest coverage
31.24▼
2024 · 48.85
Debt ≤ 1 year
€118,882▲
2024 · €20,874
Debt > 1 year
€288,320▲
2024 · €9,911
Income taxes
€14,930▼
2024 · €19,308
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item30-09-202230-09-202330-09-202430-09-2025
Tangible fixed assets€37,011€17,706€34,711€351,245
Depreciation and write-downs of the year€7,908€10,364€18,604€42,187

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2022 · 1 entry · €360 awarded · €360 paid
Schemes
1 entry · €360 · €360 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€220,886€668,396▲
Fixed assets21/28€53,343€362,402▲
Tangible fixed assets22/27€53,343€362,402▲
Land and buildings22-€324,318
Plant, machinery and equipment23€6,266€5,888▼
Furniture and vehicles24€34,225€25,743▼
Leasing and similar rights25€12,853€6,453▼
Current assets29/58€167,543€305,994▲
Amounts receivable within one year40/41€50,245€180,435▲
Trade receivables40€47,926€159,645▲
Other amounts receivable41€2,319€20,790▲
Cash at bank and in hand54/58€114,363€123,742▲
Deferred charges and accrued income490/1€2,935€1,818▼
Equity and liabilities
Total equity and liabilities10/49€220,886€668,396▲
Equity10/15€190,101€260,415▲
Contributions10/11€5,000€5,000=
Reserves13€185,101€255,415▲
Distributable reserves133€185,101€255,415▲
Amounts payable17/49€30,785€407,981▲
Amounts payable after more than one year17€9,911€288,320▲
Financial debts170/4€9,911€288,320▲
Amounts payable within one year42/48€20,874€118,882▲
Current portion of amounts payable after more than one year42€4,719€18,481▲
Trade debts44€14,453€100,401▲
Suppliers440/4€14,453€100,401▲
Taxes, remuneration and social security45€1,702-
Taxes450/3€1,702-
Accrued charges and deferred income492/3-€779
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,604€42,187▲
Other operating charges640/8€272€319▲
Gross operating margin9900€115,129€131,618▲
Operating profit (loss)9901€96,253€89,113▼
Financial income75/76B€1,340€334▼
Recurring financial income75€1,340€334▼
Financial charges65/66B€2,351€4,202▲
Recurring financial charges65€2,351€4,202▲
Profit (loss) for the period before taxes9903€95,242€85,244▼
Income taxes67/77€19,308€14,930▼
Profit (loss) for the period9904€75,934€70,314▼
Profit (loss) for the period to be appropriated9905€75,934€70,314▼
Appropriation of the result
Profit (loss) to be appropriated9906€75,934€70,314▼
Transfer to equity691/2€75,934€70,314▼
To other reserves6921€75,934€70,314▼

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 17-12-2025.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,908€10,364€18,604€42,187▲ 127%
Other operating charges640/8--€272€319▲ 17.2%
Gross operating margin9900€56,904€90,061€115,129€131,618▲ 14.3%
Operating profit (loss)9901€48,996€79,697€96,253€89,113▼ 7.4%
Financial income75/76B€230€4,956€1,340€334▼ 75.1%
Recurring financial income75€230€4,956€1,340€334▼ 75.1%
Financial charges65/66B€0€125€2,351€4,202▲ 78.7%
Recurring financial charges65€0€125€2,351€4,202▲ 78.7%
Profit (loss) for the period before taxes9903€49,226€84,528€95,242€85,244▼ 10.5%
Income taxes67/77€8,110€16,478€19,308€14,930▼ 22.7%
Profit (loss) for the period9904€41,116€68,050€75,934€70,314▼ 7.4%
Profit (loss) for the period to be appropriated9905€41,116€68,050€75,934€70,314▼ 7.4%
Line2022202320242025Change
Assets
Total assets20/58€83,247€156,497€220,886€668,396▲ 203%
Fixed assets21/28€29,896€37,237€53,343€362,402▲ 579%
Tangible fixed assets22/27€29,896€37,237€53,343€362,402▲ 579%
Land and buildings22---€324,318-
Plant, machinery and equipment23€3,021€8,734€6,266€5,888▼ 6.0%
Furniture and vehicles24€1,222€9,250€34,225€25,743▼ 24.8%
Leasing and similar rights25€25,653€19,253€12,853€6,453▼ 49.8%
Current assets29/58€53,352€119,260€167,543€305,994▲ 82.6%
Amounts receivable within one year40/41€3,606€21,702€50,245€180,435▲ 259%
Trade receivables40€2,468€20,587€47,926€159,645▲ 233%
Other amounts receivable41€1,138€1,115€2,319€20,790▲ 797%
Cash at bank and in hand54/58€46,905€95,826€114,363€123,742▲ 8.2%
Deferred charges and accrued income490/1€2,841€1,731€2,935€1,818▼ 38.1%
Equity and liabilities
Total equity and liabilities10/49€83,247€156,497€220,886€668,396▲ 203%
Equity10/15€46,116€114,166€190,101€260,415▲ 37.0%
Contributions10/11€5,000€5,000€5,000€5,000=
Reserves13€41,116€109,166€185,101€255,415▲ 38.0%
Distributable reserves133€41,116€109,166€185,101€255,415▲ 38.0%
Amounts payable17/49€37,131€42,330€30,785€407,981▲ 13×
Amounts payable after more than one year17€19,349€14,630€9,911€288,320▲ 29×
Financial debts170/4€19,349€14,630€9,911€288,320▲ 29×
Amounts payable within one year42/48€17,782€27,700€20,874€118,882▲ 470%
Current portion of amounts payable after more than one year42€4,719€4,719€4,719€18,481▲ 292%
Trade debts44€4,954€6,566€14,453€100,401▲ 595%
Suppliers440/4€4,954€6,566€14,453€100,401▲ 595%
Taxes, remuneration and social security45€8,110€16,415€1,702--
Taxes450/3€8,110€16,415€1,702--
Accrued charges and deferred income492/3---€779-
Line2022202320242025Change
Profit (loss) for the period9904€41,116€68,050€75,934€70,314▼ 7.4%
+ Depreciation and write-downs630€7,908€10,364€18,604€42,187▲ 127%
Operating cash flow (approximation)€49,024€78,414€94,538€112,501▲ 19.0%
Investment in fixed assets (approximation)--€17,706-€34,711-€351,245▼ 912%
Change in cash-€48,922€18,536€9,379▼ 49.4%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 6,782 companies had the same profile as JEMATECH has now. Two years later, 96.7% were still going and 0.6% had gone bankrupt.

  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
96.7% was still going
2.7% stopped otherwise
0.6% went bankrupt

That fits the bankruptcy probability of JEMATECH itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 6,782 companies, not a prediction for JEMATECH. 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.

Filings with the National Bank (4)
Financial year Type Filed Reference Document
30-09-2025 micro format 17-12-2025 2025-00583323 PDF
30-09-2024 micro format 21-02-2025 2025-00037443 PDF
30-09-2023 micro format 22-03-2024 2024-00047688 PDF
30-09-2022 micro format 23-03-2023 2023-00043640 PDF

Board & ownership

Directors

Directors
1 director
Matthys Jens
Director · listed in the 2025 annual accounts, filed on 17-12-2025
Current

Owners and capital

Network & group

JEMATECH shares no director with another company.

Connections & network

1 current director
Depth

The network starts from the directors of JEMATECH. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 30-04-2027
2025
17-12
NBB filing Annual accounts 2025 filedPDF
micro format · 134 days before the deadline
30-09
Financial Equity above €200,000equity €260,415 ▲37%
With a profit in every financial year since 2022, equity grows to €260,415.
21-02
NBB filing Annual accounts 2024 filedPDF
micro format · 68 days before the deadline
2024
30-09
Financial Highest result from 2022 to 2025net €75,934 ▲11.6%
The operating result of €96,253 and the net result of €75,934 are both a record.
30-09
Financial Equity above €150,000equity €190,101 ▲66.5%
With a profit in every financial year since 2022, equity grows to €190,101.
22-03
NBB filing Annual accounts 2023 filedPDF
micro format · 39 days before the deadline
2023
30-09
Financial Equity above €100,000equity €114,166 ▲148%
With a profit in every financial year since 2022, equity grows to €114,166.
23-03
NBB filing Annual accounts 2022 filedPDF
micro format · 38 days before the deadline
2021
30-09
Gazette deed IncorporationPDF
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

JEMATECH was incorporated on 28 September 2021 as a private limited company.1 Total assets rose from €83,247 in 2022 to €668,396 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2022 and 2025

Company details

Register details

Identity

KBO record
Name JEMATECH in Dutch
Enterprise number 0774.704.554
Legal form Private limited company
Status Active, normale toestand
Founded 28-09-2021
Entity type Legal entity

Registered office and establishments

Registered office Paepestraat 2B, 9850 Deinze, Belgium
Establishment unit JEMATECH, Paepestraat 2B, 9850 Deinze since 01-10-2021 · unit number 2.322.825.346

Activities

NACEBEL 2025
43211 General electrical installation work main activity
43212 Electrical installation work in industrial facilities
43221 Plumbing work
43222 Installation of electric heating, air conditioning, cooling and ventilation
Codes under NACEBEL 2008
43211 Specialised construction activities main activity
43212 Specialised construction activities
43221 Plumbing
43222 Specialised construction activities

Invoicing and payment

VAT number BE 0774.704.554
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0774704554
Other Peppol ID 9925:BE0774704554
Registered 31-10-2023

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 3 November 2026 · Peppol Directory

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0774.704.554

Financial year and general meeting

Accounts at the NBB
Financial year end 30-09

Sites & property

Location
registered office establishment The establishment unit on the map

Buildings and parcels at the address

Ground area
1,036 m²
Building footprint
216 m²
Building volume
1,017 m³
Cadastral parcel Region Area Buildings Height / floors
44056A0260/00F000 Flanders 1,036 m² 1 · 216 m² 8.8 m · 2