Equity
€231,162 ▲ 0.8%
JETI has made a profit without a break since 2021.
JETI
Lifetime
19 annual accounts with figures on one time axispeak €69,318 (2016)
€17,559▲ 48.2%
lowest -€6,098 (2020)
€1,725▲ 478%
peak €231,162 (2025)
€231,162▲ 0.8%
€29,507▼ 50.7%
peak 0 FTE (2016)
-not published
Board1 name since 2023
1 directorULTRA DEVELOPMENT ENGINEERING
Owners
Documentsfilings and deeds
07-05-202685 days before the deadline
2025abbreviated format
Gross margin from €11,845 to €17,559Result from €299 to €1,725Debts from €59,801 to €29,507
Key points
from the 2025 annual accountsTurnover
≈ €51,000 estimated
The accounts state no turnover.
Investments
€16,855 1.5 × depreciation
Green is investment, beige is depreciation.
Liquidity
8.33 was 4.66 in 2024
Short-term debts fell from €59,801 to €29,507.
Filings
19 annual accounts since 2007
Six of the last ten came late. The 2019 accounts came latest: 41 days after the end of the period.
Position in the sector
88.7%
Higher solvency than 90% of companies in rental and leasing. Sector median 35.9% · 1,141 companies.
Checked score
95
Excellent
Financially stronger than 65% of micro companies in rental and leasing (NACE 77)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,166 companies (NACE 77, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.2 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €260,669
lowers risk
Founded in 2006
Equity €231,162 (88.7% of total assets)
Figures for financial year 2025 (filed on 08-05-2026)
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 77, micro). It does better than 92% of them on solvency, 74% on liquidity, 50% on profitability and 45% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as JETI has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JETI itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 17,041 companies, not a prediction for JETI. 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.
Credit verdict
Credit of up to €21,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 8.33 (4.66 in 2024), above the usual 1.5. Short-term debt is 11.3% and cash 9.5% of total assets. 11.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 07-05-2026, 85 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
85 days early
2024
22 days late
2023
2 days early
2022
12 days early
2021
30 days early
2020
31 days late
2019
41 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 77), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 July (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ULTRA DEVELOPMENT ENGINEERING 99.46%score 93equity €1.1m (2025) · 2025 annual accounts of ULTRA DEVELOPMENT ENGINEERING
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0880153155
Change of role: Ultra Development Engineering, from manager to director
Gazette deed
First establishment
Rode Kruisweg 46, Zonhoven
Incorporation
published on 03-04-2006 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| JETI Zonhoven | €260,669 | €17,559 | 88.7% | - |
| ROADLEASE BELGIË Bree | €175,106 | €23,492 | 9.6% | - |
| AIRPORTSERVICE HASSELT Hasselt | €293,832 | €36,283 | 39.2% | - |
| BlueMan(gmnt) Hasselt | €389,209 | €37,088 | -32.0% | - |
| Otto events & services Beveren-Kruibeke-Zwijndrecht | €219,578 | €23,508 | 61.2% | - |
| NETHX Zandhoven | €235,661 | €23,496 | 96.9% | - |
| SERVICES-LIMOUSINES-SECURITY-VIP Etterbeek | €335,505 | €27,369 | 20.0% | - |
These companies have the same main activity as JETI: renting and leasing of cars and light motor vehicles (NACE 77110). They are comparable in size and age: total assets between €175,000 and €389,000, founded between 2000 and 2010.
Official details
Source: KBO- Status
- Active since 22-03-2006Normal situation
- Activity
- Renting and leasing of cars and light motor vehiclesNACE 77110and 3 others
- Establishment unit
- 2.153.471.8583520 Zonhoven, since 15-05-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 31-12-2025
Annual accounts 2025
- €260,669▼ 9.9%
- Filing
- Filed on 07-05-2026, 85 days before the end of the filing period
Insights on JETI
JETI files the abbreviated format. That format states no turnover. The gross margin fell from €63,572 in 2007 to €17,559 in 2025.
ULTRA DEVELOPMENT ENGINEERING holds 99.46% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about JETI
- What is the company number of JETI?
- The company number of JETI is 0880.153.155. The VAT number is the same number with BE in front: BE 0880.153.155.
- Where is JETI based?
- The registered office is at Rode Kruisweg 46, 3520 Zonhoven.Company details
- What does JETI do?
- According to the KBO register, the main activity is renting and leasing of cars and light motor vehicles (NACE 77110).
- What is the legal form of JETI?
- JETI is a private limited company (BV).
- When was JETI founded?
- JETI was founded on 22-03-2006.
- Is JETI still active?
- Yes, JETI is an active enterprise in the KBO register.
- What is the turnover of JETI?
- The turnover in financial year 2025 is ≈ €51,000. This figure is estimated from the gross margin of €17,559 and 48 comparable companies (NACE 77). It probably lies between €38,000 and €100,000. It is a rough estimate.Financials
- Is JETI profitable?
- In financial year 2025, JETI made a profit of €1,725.
- Where can I find the annual accounts of JETI?
- JETI filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of JETI due?
- JETI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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