JERFA
ActiveSummary
The computed 12-month bankruptcy probability of JERFA is 2.6% (moderate). The 2025 annual accounts show negative equity (-€95,852) and a net result of -€23,363. Equity is shrinking by ~42.7% per year across the filed fiscal years. Its solvency ranks better than 7% of 13604 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-35
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.21 against 0.24 in 2024; short-term debt: 265.5% and cash: 43% of total assets), and equity is negative.
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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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-186.6%
Return on assets
-45.5%
Age of the figures
15 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€95,852
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
3 d early
2023
1 d early
2022
on the day
2021
on the day
2020
2 d early
2019
on the day
← 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 1 day before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€95,852▼ 32.2%
2024 · -€72,488
Total assets
€51,355▲ 25.7%
2024 · €40,855
Net result
-€23,363▼ 1,321%
2024 · -€1,644
Working capital
-€107,424▼ 26.7%
2024 · -€84,780
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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-€10,168▼ 107%-€24,679▼ 143%-€25,002▼ 1.3%€1,752-€19,770
Net result-€13,600below the sector's middle half▼ 68.7%-€28,346below the sector's middle half▼ 108%-€28,568below the sector's middle half▼ 0.8%-€1,644within the sector's middle half▲ 94.2%-€23,363below the sector's middle half▼ 1,321%
Equity-€13,931below the sector's middle half▼ 4,106%-€42,277below the sector's middle half▼ 203%-€70,844below the sector's middle half▼ 67.6%-€72,488below the sector's middle half▼ 2.3%-€95,852below the sector's middle half▼ 32.2%
Total assets€80,584within the sector's middle half▼ 16.0%€63,671within the sector's middle half▼ 21.0%€51,842within the sector's middle half▼ 18.6%€40,855below the sector's middle half▼ 21.2%€51,355within the sector's middle half▲ 25.7%
Debt€94,515▼ 1.8%€105,948▲ 12.1%€122,687▲ 15.8%€113,344▼ 7.6%€147,207▲ 29.9%
Working capital-€41,680below the sector's middle half▼ 53.8%-€69,351below the sector's middle half▼ 66.4%-€88,307below the sector's middle half▼ 27.3%-€84,780below the sector's middle half▲ 4.0%-€107,424below the sector's middle half▼ 26.7%
Solvency-17.3%below the sector's middle half▼ 16.9pp-66.4%below the sector's middle half▼ 49.1pp-136.7%below the sector's middle half▼ 70.3pp-177.4%below the sector's middle half▼ 40.8pp-186.6%below the sector's middle half▼ 9.2pp
Current ratio0.42below the sector's middle half▼ 0.140.27below the sector's middle half▼ 0.150.27below the sector's middle half▼ 0.010.24below the sector's middle half▼ 0.030.21below the sector's middle half▼ 0.03
Return on assets (ROA)-16.9%below the sector's middle half▼ 8.5pp-44.5%below the sector's middle half▼ 27.6pp-55.1%below the sector's middle half▼ 10.6pp-4.0%within the sector's middle half▲ 51.1pp-45.5%below the sector's middle half▼ 41.5pp
Staff (FTE)2.7▲ 8.0%2.8▲ 3.7%2.5▼ 10.7%2▼ 20.0%2.7▲ 35.0%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €19,770 after €1,752 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51,355
Fixed assets
€22,411 ▲ 60.8%
Current assets
€28,944 ▲ 7.5%
Key figures and ratios
EBITDA
-€15,200▼
2024 · €8,507
Cash flow
-€18,793▼
2024 · €5,111
Quick ratio
0.20▼
2024 · 0.21
Debt to equity
-1.54▲
2024 · -1.56
Interest coverage
-4.23▼
2024 · 2.50
Debt ≤ 1 year
€136,368▲
2024 · €111,700
Debt > 1 year
€9,239
Staff costs
€102,647▲
2024 · €56,039
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.6% 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%.
| 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 6,639 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €73,616 | €80,472 | €56,039 | €102,647 | ▲ 83.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,660 | €12,754 | €7,096 | €6,755 | €4,570 | ▼ 32.3% |
| Other operating charges640/8 | - | €1,330 | €1,069 | €1,196 | €1,561 | ▲ 30.5% |
| Non-recurring operating charges66A | - | - | €180 | - | - | - |
| Gross operating margin9900 | €83,862 | €63,020 | €63,814 | €65,742 | €89,008 | ▲ 35.4% |
| Operating profit (loss)9901 | -€10,168 | -€24,679 | -€25,002 | €1,752 | -€19,770 | ▼ 1,228% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €3,667 | €3,566 | €3,396 | €3,593 | ▲ 5.8% |
| Recurring financial charges65 | €3,432 | €3,667 | €3,566 | €3,396 | €3,593 | ▲ 5.8% |
| Profit (loss) for the period before taxes9903 | -€13,600 | -€28,346 | -€28,568 | -€1,644 | -€23,363 | ▼ 1,321% |
| Profit (loss) for the period9904 | -€13,600 | -€28,346 | -€28,568 | -€1,644 | -€23,363 | ▼ 1,321% |
| Profit (loss) for the period to be appropriated9905 | -€13,600 | -€28,346 | -€28,568 | -€1,644 | -€23,363 | ▼ 1,321% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €80,584 | €63,671 | €51,842 | €40,855 | €51,355 | ▲ 25.7% |
| Fixed assets21/28 | €50,269 | €37,515 | €19,575 | €13,935 | €22,411 | ▲ 60.8% |
| Tangible fixed assets22/27 | €50,269 | €37,515 | €19,575 | €13,935 | €22,411 | ▲ 60.8% |
| Land and buildings22 | - | €17,944 | €15,398 | €12,852 | €14,790 | ▲ 15.1% |
| Plant, machinery and equipment23 | - | €19,572 | €4,177 | €1,084 | €7,621 | ▲ 603% |
| Current assets29/58 | €30,315 | €26,156 | €32,267 | €26,920 | €28,944 | ▲ 7.5% |
| Stocks and contracts in progress3 | €5,554 | €7,579 | €4,893 | €3,851 | €2,166 | ▼ 43.8% |
| Stocks30/36 | - | €7,579 | €4,893 | €3,851 | €2,166 | ▼ 43.8% |
| Amounts receivable within one year40/41 | €5,855 | €2,939 | €7,399 | €5,145 | €3,224 | ▼ 37.3% |
| Trade receivables40 | - | €389 | €4,869 | €2,615 | €32 | ▼ 98.8% |
| Other amounts receivable41 | - | €2,550 | €2,530 | €2,530 | €3,192 | ▲ 26.2% |
| Cash at bank and in hand54/58 | €18,649 | €15,494 | €19,512 | €17,521 | €22,062 | ▲ 25.9% |
| Deferred charges and accrued income490/1 | - | €144 | €463 | €403 | €1,492 | ▲ 270% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €80,584 | €63,671 | €51,842 | €40,855 | €51,355 | ▲ 25.7% |
| Equity10/15 | -€13,931 | -€42,277 | -€70,844 | -€72,488 | -€95,852 | ▼ 32.2% |
| Contributions10/11 | - | €11,000 | €11,000 | €11,000 | €11,000 | = |
| Reserves13 | €8,952 | €8,952 | €8,952 | €8,952 | €8,952 | = |
| Distributable reserves133 | - | €8,952 | €8,952 | €8,952 | €8,952 | = |
| Profit (loss) carried forward14 | -€33,883 | -€62,229 | -€90,796 | -€92,440 | -€115,804 | ▼ 25.3% |
| Amounts payable17/49 | €94,515 | €105,948 | €122,687 | €113,344 | €147,207 | ▲ 29.9% |
| Amounts payable after more than one year17 | €22,520 | €10,441 | €2,113 | - | €9,239 | - |
| Financial debts170/4 | - | €10,441 | €2,113 | - | €9,239 | - |
| Amounts payable within one year42/48 | €71,995 | €95,507 | €120,574 | €111,700 | €136,368 | ▲ 22.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,113 | €4,660 | ▲ 121% |
| Financial debts43 | - | €21,672 | €8,328 | €1,803 | - | - |
| Credit institutions430/8 | - | €21,672 | €8,328 | €1,803 | - | - |
| Trade debts44 | €10,752 | €18,070 | €17,718 | €17,498 | €27,944 | ▲ 59.7% |
| Suppliers440/4 | - | €18,070 | €17,718 | €17,498 | €27,944 | ▲ 59.7% |
| Taxes, remuneration and social security45 | - | €6,126 | €17,654 | €9,465 | €9,442 | ▼ 0.2% |
| Taxes450/3 | - | €729 | €8,503 | €525 | €1,023 | ▲ 95.0% |
| Remuneration and social security454/9 | - | €5,397 | €9,151 | €8,941 | €8,419 | ▼ 5.8% |
| Other amounts payable47/48 | - | €49,639 | €76,874 | €80,822 | €94,322 | ▲ 16.7% |
| Accrued charges and deferred income492/3 | - | - | - | €1,643 | €1,600 | ▼ 2.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,600 | -€28,346 | -€28,568 | -€1,644 | -€23,363 | ▼ 1,321% |
| + Depreciation and write-downs630 | €12,660 | €12,754 | €7,096 | €6,755 | €4,570 | ▼ 32.3% |
| Operating cash flow (approximation) | -€939 | -€15,592 | -€21,472 | €5,111 | -€18,793 | ▼ 468% |
| Investment in fixed assets (approximation) | - | €0 | €10,845 | -€1,115 | -€13,046 | ▼ 1,070% |
| Change in cash | - | -€3,155 | €4,018 | -€1,991 | €4,541 | ▲ 328% |
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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€28,568
Net result drops to -€28,568, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1 day late
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, Nieuwerkerken (Limb.) · 1 establishment unit since 2019
Ground area
307 m²
Parcel 71045C0327/00M000, Flanders. Linked by address, not a title deed.
1 establishment unit
Vica Ijssalon
since 20192.303.862.539
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71045C0327/00M000 | Flanders | 307 m² | - | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNieuwerkerken (Limb.)2.303.862.539
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 6,292 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
Founded23-03-2005
Fiscal year end30-06
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0872698409
Also
9925:BE0872698409
Registered
13-08-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.