Debts
€256,857 71% of the balance sheet
Financial debts 61%Suppliers 34%Taxes and wages 1%Other 4%
Of this, €254,293 falls due within a year.
JG SOLUTIONS
Lifetime
15 annual accounts with figures on one time axispeak €216,648 (2020)
€50,898▼ 43.3%
lowest -€65,159 (2023)
€22,300▲ 4.8%
peak €128,329 (2022)
€106,741▲ 26.4%
€256,857▲ 34.4%
peak 3.3 FTE (2020)
-not published
Board2 names since 2020
1 directorJG Invest
Owners
100%JG INVEST
Documentsfilings and deeds
27-07-20264 days before the deadline
2025micro format
Gross margin from €89,707 to €50,898Equity from €84,442 to €106,741Debts from €191,169 to €256,857Cash from €3,324 to €16,961
Key points
from the 2025 annual accountsInvestments
€32,117 2.4 × depreciation
Green is investment, beige is depreciation. Machinery stands 64.5% higher than in 2024.
Filings
15 annual accounts since 2011
Eight of the last ten came late. The 2023 accounts came latest: 61 days after the end of the period.
Checked score
80
Excellent
Financially stronger than 36% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.2%
01-2025: 4.2%● unchanged vs 12-2024
02-2025: 4.2%● unchanged vs 01-2025
03-2025: 4.2%● unchanged vs 02-2025
04-2025: 4.2%● unchanged vs 03-2025
05-2025: 4.0%▼ -0.2 percentage points vs 04-2025
06-2025: 3.8%▼ -0.2 percentage points vs 05-2025
07-2025: 4.0%▲ +0.2 percentage points vs 06-2025
08-2025: 4.2%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 1.2%▼ -3.0 percentage points vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.0%▼ -0.2 percentage points vs 12-2025
02-2026: 1.1%▲ +0.1 percentage points vs 01-2026
03-2026: 1.0%▼ -0.1 percentage points vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 0.6%▼ -0.4 percentage points vs 07-2026lowest value
09-2026: 0.6%● unchanged vs 08-2026lowest value
10-2026: 0.6%● unchanged vs 09-2026lowest value
11-2026: 0.6%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
1 of the last 3 accounts late
Liquidity: current ratio 1.33, cash €16,961
lowers risk
Founded in 2010
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 31% of them on solvency, 10% on liquidity, 31% on profitability and 72% on growth.
The bankruptcy probability was computed on 10-11-2026 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 low class on 30-06-2025, 0.8% 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, 5,053 companies had the same profile as JG SOLUTIONS has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JG SOLUTIONS itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,448 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 5,053 companies, not a prediction for JG SOLUTIONS. 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 €8,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.33 (1.34 in 2024), below the usual 1.5. Short-term debt is 69.9% and cash 4.7% of total assets. 70.6% of the assets are financed with debt and provisions.
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
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 days early
2024
20 days late
2023
61 days late
2022
58 days late
2021
31 days late
2020
30 days late
2019
63 days early
← 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 19 days after 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 next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0829308131
Company renamed from JG Airconditioning to JG SOLUTIONS
“Onderneming voor advies,aankoop,verkoop(groothandel,kleinhandel,tussenpersoon),installatie en onderhoud van…” (deed in Dutch) · General meeting of 18-07-2022 · Gazette deed
1 director appointed, 1 resignation
Appointment: JG Invest · Permanent representative: Jurgen Grondelaers · Resignation: Jurgen Grondelaers · General meeting of 01-01-2021 · Gazette deed
Company renamed from JG KOELTECHNIEKEN to JG Airconditioning
Resignation: GRONDELAERS Jurgen Jozef Dino (bestuurder,voorheen zaakvoerder,niet statutair) · Reappointment: GRONDELAERS Jurgen Jozef Dino (director) · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| JG SOLUTIONS Genk | €363,598 | €50,898 | 29.4% | - |
| DREEZEN Bree | €357,417 | €58,411 | 64.3% | - |
| BOGAERT MARTIN Bruges | €343,652 | €48,694 | 93.0% | - |
| BRACKE JÜRGEN Lokeren | €370,470 | €51,912 | 72.9% | - |
| VANDEWAETER Ledegem | €341,714 | €61,173 | 74.7% | - |
| Hydrothermo Incourt | €325,989 | €49,935 | 43.6% | - |
| NEMEGEER KOELTECHNIEK Aalter | €310,781 | €58,852 | 95.9% | - |
These companies have the same main activity as JG SOLUTIONS: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €311,000 and €370,000, founded between 2008 and 2012.
Official details
Source: KBO- Status
- Active since 14-09-2010Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 2 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 149.01Electricians: installation and distribution · annual accounts 2025
- Establishment unit
- 2.192.789.3243600 Genk, since 16-09-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 31-08-2023
Annual accounts 2025
- ≈ €200,000estimated
- €363,598▲ 31.9%
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on JG SOLUTIONS
JG SOLUTIONS files the micro format. That format states no turnover. The gross margin rose from €44,207 in 2011 to €50,898 in 2025.
JG INVEST holds all 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 JG SOLUTIONS
- What is the company number of JG SOLUTIONS?
- The company number of JG SOLUTIONS is 0829.308.131. The VAT number is the same number with BE in front: BE 0829.308.131.
- Where is JG SOLUTIONS based?
- The registered office is at Meeënweg 22a, 3600 Genk.Company details
- What does JG SOLUTIONS do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of JG SOLUTIONS?
- JG SOLUTIONS is a private limited company (BV).
- When was JG SOLUTIONS founded?
- JG SOLUTIONS was founded on 14-09-2010.
- Is JG SOLUTIONS still active?
- Yes, JG SOLUTIONS is an active enterprise in the KBO register.
- How many employees does JG SOLUTIONS have?
- JG SOLUTIONS had an average of 0.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does JG SOLUTIONS fall under?
- In its 2025 annual accounts, JG SOLUTIONS states joint committees 200 (Auxiliary committee for white-collar workers) and 149.01 (Electricians: installation and distribution).
- What is the turnover of JG SOLUTIONS?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €50,898 and 30 comparable companies (NACE 43222). It probably lies between €150,000 and €270,000.
- Is JG SOLUTIONS profitable?
- In financial year 2025, JG SOLUTIONS made a profit of €22,300.
- Where can I find the annual accounts of JG SOLUTIONS?
- JG SOLUTIONS filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of JG SOLUTIONS due?
- JG SOLUTIONS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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