JGTTI
ActiveThe computed 12-month bankruptcy probability of JGTTI is 2.2% (moderate). The 2024 annual accounts show equity of €2.28M and a net result of €83k. Equity is growing by ~2.9% per year across the filed fiscal years. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability41▲+2
Solvency61▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 2.69 against 1.94 in 2023; short-term debt: 37.2% and cash: 6.9% of total assets), but 64.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
35.6%
Return on assets
1.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
34 d early
2022
33 d early
2021
33 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€2.28M▼ 10.3%
2023 · €2.54M
2019: €2.19M
2020: €2.19M
2021: €2.33M
2022: €2.50M
2023: €2.54M
2019 → 2024
Total assets
€6.42M▼ 12.1%
2023 · €7.30M
2019: €4.70M
2020: €4.81M
2021: €6.05M
2022: €3.61M
2023: €7.30M
2019 → 2024
Net result
€83k▲ 86.2%
2023 · €44k
2019: €-5k
2020: €-2k
2021: €133k
2022: €174k
2023: €44k
2019 → 2024
Working capital
€4.03M▲ 13.8%
2023 · €3.54M
2019: €4.39M
2020: €4.39M
2021: €5.63M
2022: €3.50M
2023: €3.54M
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2.19M-€2.33M▲ 6.1%€2.50M▲ 7.5%€2.54M▲ 1.8%€2.28M▼ 10.3%
Operating result€-2k-€175k€232k▲ 32.8%€49k▼ 78.7%€99k▲ 100%
Net result€-2k-€133k€174k▲ 31.1%€44k▼ 74.5%€83k▲ 86.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 100% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €6.42M
Equity
€2.28M▼ 10.3%
Debt
€4.13M▼ 13.1%
The debt ratio falls from 65.2% to 64.4%. Equity and debt are lower.
Key figures and ratios
Solvency
35.6%▲
2023 · 34.8%
Current ratio
2.69▲
2023 · 1.94
Quick ratio
0.19▼
2023 · 0.27
Debt / equity
1.81▼
2023 · 1.87
ROE
3.6%▲
2023 · 1.7%
ROA
1.3%▲
2023 · 0.6%
Debt
€4.13M▼
2023 · €4.76M
Debt ≤ 1 year
€2.38M▼
2023 · €3.76M
Debt > 1 year
€1.75M▲
2023 · €1.00M
Income taxes
€39k▲
2023 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€7.30M€6.42M▼
Current assets29/58€7.30M€6.42M▼
Stocks and contracts in progress3€6.29M€5.97M▼
Stocks30/36€6.29M€5.97M▼
Amounts receivable within one year40/41€1k-
Other amounts receivable41€1k-
Current investments50/53€1.00M-
Cash at bank and in hand54/58€8k€446k▲
Equity and liabilities
Total equity and liabilities10/49€7.30M€6.42M▼
Equity10/15€2.54M€2.28M▼
Contributions10/11€2.20M€2.20M=
Reserves13€344k€83k▼
Distributable reserves133€344k€83k▼
Profit (loss) carried forward14€707€964▲
Amounts payable17/49€4.76M€4.13M▼
Amounts payable after more than one year17€1.00M€1.75M▲
Financial debts170/4€1.00M€1.75M▲
Amounts payable within one year42/48€3.76M€2.38M▼
Taxes, remuneration and social security45€17k€61k▲
Taxes450/3€17k€61k▲
Other amounts payable47/48€3.74M€2.32M▼
Income statement
Code20232024
Other operating charges640/8€1k€1k▼
Gross operating margin9900€50k€100k▲
Operating profit (loss)9901€49k€99k▲
Financial income75/76B€10k€23k▲
Recurring financial income75€10k€23k▲
Financial charges65/66B€48€24▼
Recurring financial charges65€48€24▼
Profit (loss) for the period before taxes9903€59k€121k▲
Income taxes67/77€15k€39k▲
Profit (loss) for the period9904€44k€83k▲
Profit (loss) for the period to be appropriated9905€44k€83k▲
Appropriation of the result
Profit (loss) to be appropriated9906€45k€83k▲
Profit (loss) brought forward from the previous period14P€262€707▲
Transfer to equity691/2€44k€83k▲
To other reserves6921€44k€83k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2019net €174k ▲31.1%
Operating result €232k, net result €174k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 33.04
Current ratio from 14.39 to 33.04; short-term debt falls from €420k to €109k.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €133k
Net result €133k after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Waregem · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Guldensporenlaan 18790 WaregemGround area
2,630 m²
Building footprint
303 m²
Volume, LiDAR
2,054 m³
Parcel 34040C0158/00S000, Flanders · tallest building 13.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JGTTI
since 20182.282.195.907
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C0158/00S000 | Flanders | 2,630 m² | 1 · 303 m² | 13.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-11-2018
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.