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Jerivan

Active
Private limited companyfounded 201016 yrs activeLeuvenselaan 633, 3300 Tienen, BelgiumKBO/BCE: BE 0825.433.376
Summary

The annual accounts of Jerivan for fiscal year 2024 show a net loss of 51% of the equity at the start of that year. The 2024 annual accounts show equity of €12,089 and a net result of -€12,733. Equity is shrinking by ~34.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 26% of 19374 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability12▲+2
Solvency30▼-6
Growth35=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.0 against 0.01 in 2023; short-term debt: 83.5% and cash: 0% of total assets), and 94.5% 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
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 →
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 2024
Solvency, return and age of the figures
Solvency
5.5%
Return on assets
-5.8%
Age of the figures
21 mo
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 16 years 0 20 y
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€12,733
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 d early
2024
31 d early
2023
32 d early
2022
32 d early
2021
32 d early
2020
31 d early
2019
28 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 31 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 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

Jerivan was incorporated on 28 April 2010.1 Total assets rose from EUR 189,512 in 2018 to EUR 221,005 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€45,233▼ 57.4%
2018 · €106,296
EBIT margin
255.0%▲ 246.3pp
2018 · 8.7%
Net result
-€12,733▲ 24.5%
2023 · -€16,864
Working capital
-€184,533▼ 0.4%
2023 · -€183,801
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20202021202220232024
Turnover
Operating result-€16,929-€15,980▲ 5.6%-€13,471▲ 15.7%-€17,490▼ 29.8%-€13,312▲ 23.9%
Net result-€16,298below the sector's middle half-€15,342below the sector's middle half▲ 5.9%-€12,841below the sector's middle half▲ 16.3%-€16,864below the sector's middle half▼ 31.3%-€12,733below the sector's middle half▲ 24.5%
EBIT margin
Equity€69,870within the sector's middle half▼ 18.9%€54,528within the sector's middle half▼ 22.0%€41,686within the sector's middle half▼ 23.5%€24,823within the sector's middle half▼ 40.5%€12,089within the sector's middle half▼ 51.3%
Total assets€267,415within the sector's middle half=€265,018within the sector's middle half▼ 0.9%€251,133within the sector's middle half▼ 5.2%€235,642within the sector's middle half▼ 6.2%€221,005within the sector's middle half▼ 6.2%
Debt€169,787▲ 11.3%€183,595▲ 8.1%€183,415▼ 0.1%€185,651▲ 1.2%€184,610▼ 0.6%
Working capital-€168,138below the sector's middle half▼ 12.7%-€183,211below the sector's middle half▼ 9.0%-€182,798below the sector's middle half▲ 0.2%-€183,801below the sector's middle half▼ 0.5%-€184,533below the sector's middle half▼ 0.4%
Solvency26.1%within the sector's middle half▼ 6.1pp20.6%within the sector's middle half▼ 5.6pp16.6%within the sector's middle half▼ 4.0pp10.5%within the sector's middle half▼ 6.1pp5.5%within the sector's middle half▼ 5.1pp
Current ratio0.01below the sector's middle half▼ 0.010.00below the sector's middle half▼ 0.010.00below the sector's middle half=0.01below the sector's middle half▲ 0.010.00below the sector's middle half▼ 0.01
Return on assets (ROA)-6.1%below the sector's middle half▼ 34.7pp-5.8%below the sector's middle half▲ 0.3pp-5.1%below the sector's middle half▲ 0.7pp-7.2%below the sector's middle half▼ 2.0pp-5.8%below the sector's middle half▲ 1.4pp
above within below the middle half (P25 to P75) of NACE 68, Real estate 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
-€20,000-€15,000-€10,000-€5,000€0Operating result 2020: -€16,929-€16,929Net result 2020: -€16,298-€16,298Operating result 2021: -€15,980-€15,980Net result 2021: -€15,342-€15,342Operating result 2022: -€13,471-€13,471Net result 2022: -€12,841-€12,841Operating result 2023: -€17,490-€17,490Net result 2023: -€16,864-€16,864Operating result 2024: -€13,312-€13,312Net result 2024: -€12,733-€12,73320202021202220232024-€20,000-€15,000-€10,000-€5,000€0Operating result 2022: -€13,471-€13,500Net result 2022: -€12,841-€12,800Operating result 2023: -€17,490-€17,500Net result 2023: -€16,864-€16,900Operating result 2024: -€13,312-€13,300Net result 2024: -€12,733-€12,700202220232024
The operating result stays negative: a loss of €13,312 in 2024 against €17,490 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €221,005
Fixed assets €220,927 ▼ 5.5%
Current assets €77 ▼ 95.8%
Equity and liabilities €221,005
Equity €12,089 ▼ 51.3%
Provisions €24,305 ▼ 3.4%
Debt €184,610 ▼ 0.6%
Debt's share of the balance-sheet total rises from 78.8% to 83.5%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€447▲
2023 · -€767
Cash flow
€132▲
2023 · -€141
Debt to equity
15.27▲
2023 · 7.48
ROE
-105.3%▼
2023 · -67.9%
Interest coverage
-1.57▲
2023 · -3.24
Debt ≤ 1 year
€184,610▼
2023 · €185,651
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,037 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 10 to 20 years old
  • solvency under 10%
  • a small loss
2.9% went bankrupt
2.9% stopped otherwise
94% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 1,037 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 · 2024 against 2023 · 35 lines
Balance sheet Code20232024
Assets
Total assets20/58€235,642€221,005▼
Fixed assets21/28€233,792€220,927▼
Tangible fixed assets22/27€233,792€220,927▼
Land and buildings22€218,685€211,185▼
Other tangible fixed assets26€15,107€9,742▼
Current assets29/58€1,850€77▼
Cash at bank and in hand54/58€1,850€77▼
Equity and liabilities
Total equity and liabilities10/49€235,642€221,005▼
Equity10/15€24,823€12,089▼
Contributions10/11€8,600€8,600=
Outside capital11€8,600€8,600=
Share premium1100/10€8,600€8,600=
Reserves13€100,066€96,698▼
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Tax-exempt reserves132€98,206€94,838▼
Profit (loss) carried forward14-€83,843-€93,208▼
Provisions and deferred taxes16€25,168€24,305▼
Deferred taxes168€25,168€24,305▼
Amounts payable17/49€185,651€184,610▼
Amounts payable within one year42/48€185,651€184,610▼
Other amounts payable47/48€185,651€184,610▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,723€12,865▼
Other operating charges640/8€4,237€4,606▲
Gross operating margin9900€3,471€4,160▲
Operating profit (loss)9901-€17,490-€13,312▲
Financial charges65/66B€237€285▲
Recurring financial charges65€237€285▲
Profit (loss) for the period before taxes9903-€17,727-€13,596▲
Transfer from deferred taxes780€863€863=
Profit (loss) for the period9904-€16,864-€12,733▲
Transfer from tax-exempt reserves789€3,368€3,368=
Profit (loss) for the period to be appropriated9905-€13,496-€9,365▲
Appropriation of the result
Profit (loss) to be appropriated9906-€83,843-€93,208▼
Profit (loss) brought forward from the previous period14P-€70,347-€83,843▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,843€13,466€14,118€16,723€12,865▼ 23.1%
Other operating charges640/8-€3,328€3,478€4,237€4,606▲ 8.7%
Gross operating margin9900-€3,101€813€4,124€3,471€4,160▲ 19.9%
Operating profit (loss)9901-€16,929-€15,980-€13,471-€17,490-€13,312▲ 23.9%
Financial charges65/66B-€226€233€237€285▲ 20.2%
Recurring financial charges65€231€226€233€237€285▲ 20.2%
Profit (loss) for the period before taxes9903-€17,161-€16,206-€13,704-€17,727-€13,596▲ 23.3%
Transfer from deferred taxes780-€863€863€863€863=
Profit (loss) for the period9904-€16,298-€15,342-€12,841-€16,864-€12,733▲ 24.5%
Transfer from tax-exempt reserves789-€3,368€3,368€3,368€3,368=
Profit (loss) for the period to be appropriated9905-€12,929-€11,974-€9,473-€13,496-€9,365▲ 30.6%
Line20202021202220232024Change
Assets
Total assets20/58€267,415€265,018€251,133€235,642€221,005▼ 6.2%
Fixed assets21/28€265,766€264,633€250,516€233,792€220,927▼ 5.5%
Tangible fixed assets22/27€265,766€264,633€250,516€233,792€220,927▼ 5.5%
Land and buildings22-€233,685€226,185€218,685€211,185▼ 3.4%
Furniture and vehicles24-€7,274€4,114---
Other tangible fixed assets26-€23,674€20,217€15,107€9,742▼ 35.5%
Current assets29/58€1,649€384€617€1,850€77▼ 95.8%
Amounts receivable within one year40/41€462-€9---
Other amounts receivable41--€9---
Cash at bank and in hand54/58€1,186€384€608€1,850€77▼ 95.8%
Equity and liabilities
Total equity and liabilities10/49€267,415€265,018€251,133€235,642€221,005▼ 6.2%
Equity10/15€69,870€54,528€41,686€24,823€12,089▼ 51.3%
Contributions10/11€8,600€8,600€8,600€8,600€8,600=
Capital10-€8,600€8,600---
Issued capital100-€18,600€18,600---
Uncalled capital101-€10,000€10,000---
Outside capital11---€8,600€8,600=
Share premium1100/10---€8,600€8,600=
Reserves13€110,170€106,802€103,434€100,066€96,698▼ 3.4%
Non-distributable reserves130/1-€1,860€1,860€1,860€1,860=
Legal reserve130-€1,860€1,860---
Reserves not available under the articles1311---€1,860€1,860=
Tax-exempt reserves132-€104,942€101,574€98,206€94,838▼ 3.4%
Profit (loss) carried forward14-€48,900-€60,874-€70,347-€83,843-€93,208▼ 11.2%
Provisions and deferred taxes16€27,758€26,895€26,032€25,168€24,305▼ 3.4%
Deferred taxes168-€26,895€26,032€25,168€24,305▼ 3.4%
Amounts payable17/49€169,787€183,595€183,415€185,651€184,610▼ 0.6%
Amounts payable within one year42/48€169,787€183,595€183,415€185,651€184,610▼ 0.6%
Other amounts payable47/48-€183,595€183,415€185,651€184,610▼ 0.6%
Line20202021202220232024Change
Profit (loss) for the period9904-€16,298-€15,342-€12,841-€16,864-€12,733▲ 24.5%
+ Depreciation and write-downs630€10,843€13,466€14,118€16,723€12,865▼ 23.1%
Operating cash flow (approximation)-€5,454-€1,877€1,277-€141€132▲ 194%
Investment in fixed assets (approximation)--€12,333€0€0€0-
Change in cash--€802€224€1,242-€1,773▼ 243%

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
30-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
29-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet -€16,864
Net result drops to -€16,864, the lowest in the series; recovery starts the following year.
29-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Highest result since 2018net €76,355 ▲1,952%
Operating result €115,363, net result €76,355, both a record.
01-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
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 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
3 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, Tienen · 1 establishment unit since 2010
seat establishment The establishment unit on the map
Ground area
4,344 m²
Building footprint
438 m²
Volume, LiDAR
2,978 m³
2 parcels, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Jerivan
Martelarenplaats(LIN) 4, 3210 LubbeekFood and beverage service activities
since 20102.187.348.614
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24057B0216/00H000 Flanders 4,205 m² 1 · 372 m² 8.7 m · 2 fl.
24063B0016/00G000 Flanders 139 m² 1 · 66 m² 9.6 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 1,712 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
Founded28-04-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Not found in the Peppol register

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Register as of 29 September 2026 · Peppol Directory

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