JG SECURITY
ActiveSummary
JG SECURITY has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22,648 and a net result of -€4,192. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 21% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability19▼-23
Solvency45▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.11 against 1.3 in 2024; short-term debt: 77.5% and cash: 0.8% of total assets), and 80.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
19.6%
Return on assets
-3.6%
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 28184 sector peers (2025).
NBB · sector comparisonPosition among 28184 sector peers
Solvency
better than 21%
← weakest
strongest →
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
on the day
2023
on the day
2022
on the day
2021
on the day
2020
9 d early
2019
2 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 2 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
€22,648▼ 15.6%
2024 · €26,840
Total assets
€115,396▲ 2.5%
2024 · €112,608
Net result
-€4,192
2024 · €1,009
Working capital
€10,118▼ 53.0%
2024 · €21,549
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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€19,970▼ 12.0%€7,333▼ 63.3%€10,047▲ 37.0%€5,716▼ 43.1%€288▼ 95.0%
Net result€13,170within the sector's middle half▼ 33.2%€4,511within the sector's middle half▼ 65.7%€4,948within the sector's middle half▲ 9.7%€1,009within the sector's middle half▼ 79.6%-€4,192below the sector's middle half
Equity€16,372below the sector's middle half▲ 411%€20,883within the sector's middle half▲ 27.6%€25,831within the sector's middle half▲ 23.7%€26,840within the sector's middle half▲ 3.9%€22,648within the sector's middle half▼ 15.6%
Total assets€104,429within the sector's middle half▲ 33.0%€112,227within the sector's middle half▲ 7.5%€97,791within the sector's middle half▼ 12.9%€112,608within the sector's middle half▲ 15.2%€115,396within the sector's middle half▲ 2.5%
Debt€88,057▲ 16.9%€91,344▲ 3.7%€71,960▼ 21.2%€85,768▲ 19.2%€92,748▲ 8.1%
Working capital€43,162▲ 472%€36,358▼ 15.8%€29,333▼ 19.3%€21,549▼ 26.5%€10,118▼ 53.0%
Solvency15.7%below the sector's middle half▲ 11.6pp18.6%below the sector's middle half▲ 2.9pp26.4%within the sector's middle half▲ 7.8pp23.8%within the sector's middle half▼ 2.6pp19.6%below the sector's middle half▼ 4.2pp
Staff (FTE)0.7▼ 12.5%1▲ 42.9%1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 has fallen two years in a row; 2025 is 95% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €115,396
Fixed assets
€15,820 ▼ 12.6%
Current assets
€99,577 ▲ 5.4%
Equity and liabilities €115,396
Equity
€22,648 ▼ 15.6%
Debt
€92,748 ▲ 8.1%
Debt's share of the balance-sheet total rises from 76.2% to 80.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2,560▼
2024 · €9,000
Cash flow
-€1,920▼
2024 · €4,293
Current ratio
1.11▼
2024 · 1.30
Quick ratio
0.79▼
2024 · 1.02
Debt to equity
4.10▲
2024 · 3.20
ROE
-18.5%▼
2024 · 3.8%
ROA
-3.6%▼
2024 · 0.9%
Interest coverage
0.57▼
2024 · 2.68
Debt ≤ 1 year
€89,459▲
2024 · €72,967
Debt > 1 year
€3,290▼
2024 · €12,801
Income taxes
€0▼
2024 · €1,414
Staff costs
€33,062▲
2024 · €30,326
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,166 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.2%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 2,166 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 | - | €31,684 | €32,157 | €30,326 | €33,062 | ▲ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,491 | €1,125 | €3,257 | €3,284 | €2,273 | ▼ 30.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3,614 | -€3,614 | €0 | - | - |
| Other operating charges640/8 | - | €1,255 | €5,200 | €965 | €1,160 | ▲ 20.2% |
| Gross operating margin9900 | €36,861 | €45,011 | €47,046 | €40,290 | €36,782 | ▼ 8.7% |
| Operating profit (loss)9901 | €19,970 | €7,333 | €10,047 | €5,716 | €288 | ▼ 95.0% |
| Financial income75/76B | - | €505 | €24 | €70 | €1 | ▼ 98.3% |
| Recurring financial income75 | €147 | €505 | €24 | €70 | €1 | ▼ 98.3% |
| Financial charges65/66B | - | €2,277 | €2,150 | €3,363 | €4,481 | ▲ 33.2% |
| Recurring financial charges65 | €4,589 | €2,277 | €2,150 | €3,363 | €4,481 | ▲ 33.2% |
| Profit (loss) for the period before taxes9903 | €15,529 | €5,561 | €7,921 | €2,423 | -€4,192 | ▼ 273% |
| Income taxes67/77 | €2,358 | €1,050 | €2,973 | €1,414 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €13,170 | €4,511 | €4,948 | €1,009 | -€4,192 | ▼ 515% |
| Profit (loss) for the period to be appropriated9905 | €13,170 | €4,511 | €4,948 | €1,009 | -€4,192 | ▼ 515% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €104,429 | €112,227 | €97,791 | €112,608 | €115,396 | ▲ 2.5% |
| Fixed assets21/28 | €3,033 | €21,202 | €21,376 | €18,092 | €15,820 | ▼ 12.6% |
| Tangible fixed assets22/27 | €3,033 | €21,202 | €21,376 | €18,092 | €15,820 | ▼ 12.6% |
| Land and buildings22 | - | €21,202 | €18,262 | €15,321 | €13,392 | ▼ 12.6% |
| Plant, machinery and equipment23 | - | - | €3,114 | €2,771 | €2,428 | ▼ 12.4% |
| Current assets29/58 | €101,396 | €91,025 | €76,415 | €94,516 | €99,577 | ▲ 5.4% |
| Stocks and contracts in progress3 | €39,600 | €24,700 | €13,019 | €20,156 | €28,931 | ▲ 43.5% |
| Stocks30/36 | - | €24,700 | €13,019 | €20,156 | €28,931 | ▲ 43.5% |
| Amounts receivable within one year40/41 | €46,123 | €55,547 | €57,519 | €69,548 | €69,124 | ▼ 0.6% |
| Trade receivables40 | - | €52,530 | €32,954 | €68,192 | €64,377 | ▼ 5.6% |
| Other amounts receivable41 | - | €3,017 | €24,565 | €1,356 | €4,747 | ▲ 250% |
| Cash at bank and in hand54/58 | €14,957 | €9,060 | €2,623 | €1,976 | €927 | ▼ 53.1% |
| Deferred charges and accrued income490/1 | - | €1,719 | €3,253 | €2,837 | €595 | ▼ 79.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €104,429 | €112,227 | €97,791 | €112,608 | €115,396 | ▲ 2.5% |
| Equity10/15 | €16,372 | €20,883 | €25,831 | €26,840 | €22,648 | ▼ 15.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | €2,283 | €7,231 | €8,240 | €8,240 | = |
| Distributable reserves133 | - | €2,283 | €7,231 | €8,240 | €8,240 | = |
| Profit (loss) carried forward14 | -€2,228 | €0 | - | - | -€4,192 | - |
| Amounts payable17/49 | €88,057 | €91,344 | €71,960 | €85,768 | €92,748 | ▲ 8.1% |
| Amounts payable after more than one year17 | €29,824 | €36,677 | €24,878 | €12,801 | €3,290 | ▼ 74.3% |
| Financial debts170/4 | - | €36,677 | €24,878 | €12,801 | €3,290 | ▼ 74.3% |
| Amounts payable within one year42/48 | €58,234 | €54,667 | €47,082 | €72,967 | €89,459 | ▲ 22.6% |
| Current portion of amounts payable after more than one year42 | - | €11,528 | €11,799 | €12,077 | €9,511 | ▼ 21.2% |
| Financial debts43 | - | €219 | €140 | €25,082 | €40,606 | ▲ 61.9% |
| Credit institutions430/8 | - | €219 | €140 | €25,082 | €40,606 | ▲ 61.9% |
| Trade debts44 | €7,178 | €13,622 | €1,823 | €1,876 | €1,649 | ▼ 12.1% |
| Suppliers440/4 | - | €13,622 | €1,823 | €1,876 | €1,649 | ▼ 12.1% |
| Taxes, remuneration and social security45 | - | €5,564 | €12,590 | €12,403 | €9,678 | ▼ 22.0% |
| Taxes450/3 | - | €1,215 | €4,096 | €2,987 | €1,041 | ▼ 65.1% |
| Remuneration and social security454/9 | - | €4,349 | €8,493 | €9,416 | €8,637 | ▼ 8.3% |
| Other amounts payable47/48 | - | €23,734 | €20,729 | €21,529 | €28,014 | ▲ 30.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,170 | €4,511 | €4,948 | €1,009 | -€4,192 | ▼ 515% |
| + Depreciation and write-downs630 | €1,491 | €1,125 | €3,257 | €3,284 | €2,273 | ▼ 30.8% |
| Operating cash flow (approximation) | €14,661 | €5,636 | €8,205 | €4,293 | -€1,920 | ▼ 145% |
| Investment in fixed assets (approximation) | - | -€19,294 | -€3,431 | €0 | €0 | - |
| Change in cash | - | -€5,897 | -€6,436 | -€648 | -€1,049 | ▼ 61.9% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
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
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €19,713
Net result €19,713 after one loss-making year.
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-12
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.
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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, Genk · 1 establishment unit since 2013
Ground area
896 m²
Building footprint
172 m²
Volume, LiDAR
936 m³
Parcel 71306G0215/00A126, Flanders · tallest building 10.6 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
JG SECURITY
since 20132.219.609.032
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71306G0215/00A126 | Flanders | 896 m² | 1 · 172 m² | 10.6 m · 1 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.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 7,455 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
Founded29-04-2013
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0533867511
Registered
06-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.