JGO
ActiveSummary
JGO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,739 and a net result of -€12,111. Equity is shrinking by ~20.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 16% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▲+8
Solvency36▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.24 in 2024; short-term debt: 86.4% and cash: 93.4% of total assets), and 89% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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 2025Solvency, return and age of the figures
Solvency
11%
Return on assets
-8.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€12,111
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 17179 sector peers (2025).
NBB · sector comparisonPosition among 17179 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
26 d late
2023
27 d late
2022
30 d late
2021
40 d early
2020
30 d early
2019
46 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 1 day before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€15,739▼ 43.5%
2024 · €27,850
Total assets
€143,609▼ 0.4%
2024 · €144,228
Net result
-€12,111▲ 60.7%
2024 · -€30,847
Working capital
€18,139▼ 31.5%
2024 · €26,490
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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€4,051▼ 88.3%-€53,018-€24,569▲ 53.7%-€29,699▼ 20.9%-€11,036▲ 62.8%
Net result€224below the sector's middle half▼ 99.1%-€54,233below the sector's middle half-€25,760below the sector's middle half▲ 52.5%-€30,847below the sector's middle half▼ 19.7%-€12,111below the sector's middle half▲ 60.7%
Equity€138,690within the sector's middle half▲ 0.2%€84,457within the sector's middle half▼ 39.1%€58,697within the sector's middle half▼ 30.5%€27,850within the sector's middle half▼ 52.6%€15,739below the sector's middle half▼ 43.5%
Total assets€221,815within the sector's middle half▲ 14.5%€190,289within the sector's middle half▼ 14.2%€168,494within the sector's middle half▼ 11.5%€144,228within the sector's middle half▼ 14.4%€143,609within the sector's middle half▼ 0.4%
Debt€83,125▲ 50.4%€105,832▲ 27.3%€109,797▲ 3.7%€116,378▲ 6.0%€127,870▲ 9.9%
Working capital€85,384▲ 65.9%€49,126▼ 42.5%€38,318▼ 22.0%€26,490▼ 30.9%€18,139▼ 31.5%
Solvency62.5%within the sector's middle half▼ 8.9pp44.4%within the sector's middle half▼ 18.1pp34.8%within the sector's middle half▼ 9.5pp19.3%below the sector's middle half▼ 15.5pp11.0%below the sector's middle half▼ 8.4pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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 stays negative: a loss of €11,036 in 2025 against €29,699 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €143,609
Fixed assets
€1,380 ▼ 73.2%
Current assets
€142,229 ▲ 2.3%
Equity and liabilities €143,609
Equity
€15,739 ▼ 43.5%
Debt
€127,870 ▲ 9.9%
Debt's share of the balance-sheet total rises from 80.7% to 89.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€7,275▲
2024 · -€9,932
Cash flow
-€8,351▲
2024 · -€11,081
Current ratio
1.15▼
2024 · 1.24
Debt to equity
8.12▲
2024 · 4.18
ROE
-77.0%▲
2024 · -110.8%
ROA
-8.4%▲
2024 · -21.4%
Interest coverage
-99.71▲
2024 · -129.84
Debt ≤ 1 year
€124,090▲
2024 · €112,598
Income taxes
€1,003▼
2024 · €1,072
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,164 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 lower bankruptcy probability: 0.3% 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 497,058 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% | 1.6% |
| 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 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 2,164 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,647 | €20,003 | €20,538 | €19,766 | €3,760 | ▼ 81.0% |
| Other operating charges640/8 | €1,294 | €871 | €992 | €1,046 | €1,064 | ▲ 1.7% |
| Gross operating margin9900 | €25,991 | -€32,144 | -€3,039 | -€8,886 | -€6,212 | ▲ 30.1% |
| Operating profit (loss)9901 | €4,051 | -€53,018 | -€24,569 | -€29,699 | -€11,036 | ▲ 62.8% |
| Financial income75/76B | €7 | - | €1 | - | - | - |
| Recurring financial income75 | €7 | - | €1 | - | - | - |
| Financial charges65/66B | €918 | €72 | €72 | €77 | €73 | ▼ 4.6% |
| Recurring financial charges65 | €117 | €72 | €72 | €77 | €73 | ▼ 4.6% |
| Non-recurring financial charges66B | €800 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €3,140 | -€53,090 | -€24,640 | -€29,775 | -€11,109 | ▲ 62.7% |
| Income taxes67/77 | €2,916 | €1,143 | €1,120 | €1,072 | €1,003 | ▼ 6.4% |
| Profit (loss) for the period9904 | €224 | -€54,233 | -€25,760 | -€30,847 | -€12,111 | ▲ 60.7% |
| Profit (loss) for the period to be appropriated9905 | €224 | -€54,233 | -€25,760 | -€30,847 | -€12,111 | ▲ 60.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €221,815 | €190,289 | €168,494 | €144,228 | €143,609 | ▼ 0.4% |
| Formation expenses20 | - | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €57,086 | €39,110 | €24,159 | €5,140 | €1,380 | ▼ 73.2% |
| Tangible fixed assets22/27 | €57,046 | €39,071 | €24,119 | €5,100 | €1,340 | ▼ 73.7% |
| Furniture and vehicles24 | €57,046 | €39,071 | €24,119 | €5,100 | €1,340 | ▼ 73.7% |
| Financial fixed assets28 | €40 | €40 | €40 | €40 | €40 | = |
| Current assets29/58 | €164,729 | €151,178 | €144,335 | €139,088 | €142,229 | ▲ 2.3% |
| Amounts receivable within one year40/41 | €1,156 | €10,692 | €23,123 | €4,811 | €7,907 | ▲ 64.4% |
| Trade receivables40 | €526 | €4,606 | €18,927 | €151 | €2,862 | ▲ 1,797% |
| Other amounts receivable41 | €630 | €6,086 | €4,196 | €4,660 | €5,045 | ▲ 8.3% |
| Cash at bank and in hand54/58 | €160,504 | €137,316 | €119,893 | €133,411 | €134,130 | ▲ 0.5% |
| Deferred charges and accrued income490/1 | €3,069 | €3,170 | €1,319 | €866 | €192 | ▼ 77.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €221,815 | €190,289 | €168,494 | €144,228 | €143,609 | ▼ 0.4% |
| Equity10/15 | €138,690 | €84,457 | €58,697 | €27,850 | €15,739 | ▼ 43.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €118,230 | €63,997 | €38,237 | €7,390 | -€4,721 | ▼ 164% |
| Amounts payable17/49 | €83,125 | €105,832 | €109,797 | €116,378 | €127,870 | ▲ 9.9% |
| Amounts payable within one year42/48 | €79,345 | €102,052 | €106,017 | €112,598 | €124,090 | ▲ 10.2% |
| Trade debts44 | €5,000 | €11,447 | €6,626 | €1,182 | €3,755 | ▲ 218% |
| Suppliers440/4 | €5,000 | €11,447 | €6,626 | €1,182 | €3,755 | ▲ 218% |
| Taxes, remuneration and social security45 | €1,403 | €1,143 | €1,120 | €1,072 | €1,003 | ▼ 6.4% |
| Taxes450/3 | €1,403 | €1,143 | €1,120 | €1,072 | €1,003 | ▼ 6.4% |
| Other amounts payable47/48 | €72,942 | €89,462 | €98,271 | €110,344 | €119,332 | ▲ 8.1% |
| Accrued charges and deferred income492/3 | €3,780 | €3,780 | €3,780 | €3,780 | €3,780 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €224 | -€54,233 | -€25,760 | -€30,847 | -€12,111 | ▲ 60.7% |
| + Depreciation and write-downs630 | €20,647 | €20,003 | €20,538 | €19,766 | €3,760 | ▼ 81.0% |
| Operating cash flow (approximation) | €20,871 | -€34,230 | -€5,222 | -€11,081 | -€8,351 | ▲ 24.6% |
| Investment in fixed assets (approximation) | - | -€2,027 | -€5,586 | -€747 | €0 | ▲ 100% |
| Change in cash | - | -€23,188 | -€17,423 | €13,518 | €719 | ▼ 94.7% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€54,233
Net result drops to -€54,233, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-10
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €36,191 ▲24.2%
Operating result €46,289, net result €36,191, both a record.
31-12
Financial
Equity above €100,000Eq €114,135 ▲46.4%
2 profitable years in a row build equity to €114,135.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
22-01
State Gazette act
Board meeting · Director appointment
Permanent representative
15-01
State Gazette act
General meeting · Capital increase
Bank account · Share issue
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Braine-l'Alleud · 1 establishment unit since 2015
Ground area
205 m²
Building footprint
56 m²
Parcel 25743F0590/00_000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
JGO
since 20152.248.552.743
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25743F0590/00_000 | Wallonia | 205 m² | 1 · 56 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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 16,911 companies in sector 62100 we hold annual accounts for 8,786. 5,356 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
Founded07-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
63910Web portal activities
70200Business and other management consultancy
Contact
E-mail
jgo@newpharma.beBraine-l'Alleud
E-invoicing
Reachable via Peppol
Peppol ID
0208:0643915001
Registered
05-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.