JHM
ActiveSummary
JHM has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €17,998. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 93% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-30
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180,000 at 30 days acceptable
Liquidity ample (current ratio 14.79 against 10.42 in 2024; short-term debt: 6.3% and cash: 10.2% of total assets), and 6.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.3%
Return on assets
0.8%
Age of the figures
9 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
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
17 d early
2023
23 d late
2022
8 d late
2021
45 d late
2020
30 d late
2019
42 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 11 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 company by equity in Wuustwezel, Real estate sector
Equity
€2.2m▼ 4.8%
2024 · €2.3m
Total assets
€2.4m▼ 7.9%
2024 · €2.6m
Net result
€17,998▼ 98.4%
2024 · €1.1m
Working capital
€2.0m▼ 4.7%
2024 · €2.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€54,728▼ 15.9%€80,966▲ 47.9%€138,536▲ 71.1%€130,508▼ 5.8%€17,012▼ 87.0%
Net result€229,627▲ 370%€250,089▲ 8.9%€98,153▼ 60.8%€1.1m▲ 1,020%€17,998▼ 98.4%
Equity€967,767▲ 16.2%€1.2m▲ 21.3%€1.2m▲ 5.6%€2.3m▲ 86.5%€2.2m▼ 4.8%
Total assets€1.0m▲ 20.8%€1.3m▲ 23.9%€1.4m▲ 9.0%€2.6m▲ 81.6%€2.4m▼ 7.9%
Debt€76,116▲ 144%€119,473▲ 57.0%€170,765▲ 42.9%€250,072▲ 46.4%€158,052▼ 36.8%
Working capital€830,786▲ 21.6%€1.0m▲ 25.3%€996,119▼ 4.3%€2.1m▲ 115%€2.0m▼ 4.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result -98% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
- 2024 Net result +1,020%, Equity +86%, Total assets +82% on 2023. Cause not known from the registers.
- 2023 Net result -61% on 2022. Cause not known from the registers.
- 2021 Net result +370% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 87% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€165,375 ▼ 11.7%
Current assets
€2.2m ▼ 7.6%
Equity and liabilities €2.4m
Equity
€2.2m ▼ 4.8%
Debt
€158,052 ▼ 36.8%
Debt's share of the balance-sheet total falls from 9.8% to 6.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€43,266▼
2024 · €155,047
Cash flow
€44,252▼
2024 · €1.1m
Current ratio
14.79▲
2024 · 10.42
Quick ratio
14.61▲
2024 · 10.30
Debt to equity
0.07▼
2024 · 0.11
ROE
0.8%▼
2024 · 47.6%
ROA
0.8%▼
2024 · 42.9%
Interest coverage
14.78▼
2024 · 44.01
Debt ≤ 1 year
€148,315▼
2024 · €227,862
Debt > 1 year
€9,737▼
2024 · €22,209
Income taxes
€8,836▼
2024 · €136,865
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 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 14,684 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 | €12,653 | €5,591 | €13,152 | €24,539 | €26,254 | ▲ 7.0% |
| Other operating charges640/8 | €520 | €1,738 | €1,204 | €1,731 | €3,322 | ▲ 91.9% |
| Gross operating margin9900 | €67,901 | €88,295 | €152,892 | €156,777 | €46,588 | ▼ 70.3% |
| Operating profit (loss)9901 | €54,728 | €80,966 | €138,536 | €130,508 | €17,012 | ▼ 87.0% |
| Financial income75/76B | €212,061 | €214,607 | €6,426 | €1.1m | €12,751 | ▼ 98.9% |
| Recurring financial income75 | €212,061 | €214,607 | €6,426 | €1.1m | €12,751 | ▼ 98.9% |
| Financial charges65/66B | €696 | €1,176 | €4,651 | €3,523 | €2,928 | ▼ 16.9% |
| Recurring financial charges65 | €696 | €1,176 | €4,651 | €3,523 | €2,928 | ▼ 16.9% |
| Profit (loss) for the period before taxes9903 | €266,092 | €294,397 | €140,311 | €1.2m | €26,835 | ▼ 97.8% |
| Income taxes67/77 | €36,465 | €44,308 | €42,158 | €136,865 | €8,836 | ▼ 93.5% |
| Profit (loss) for the period9904 | €229,627 | €250,089 | €98,153 | €1.1m | €17,998 | ▼ 98.4% |
| Profit (loss) for the period to be appropriated9905 | €229,627 | €250,089 | €98,153 | €1.1m | €17,998 | ▼ 98.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.3m | €1.4m | €2.6m | €2.4m | ▼ 7.9% |
| Fixed assets21/28 | €136,981 | €133,338 | €277,292 | €187,389 | €165,375 | ▼ 11.7% |
| Tangible fixed assets22/27 | €42,405 | €38,762 | €182,716 | €187,389 | €165,375 | ▼ 11.7% |
| Land and buildings22 | €42,405 | €36,923 | €130,363 | €138,003 | €129,868 | ▼ 5.9% |
| Plant, machinery and equipment23 | - | €1,839 | €1,190 | €7,405 | €4,580 | ▼ 38.1% |
| Furniture and vehicles24 | - | - | €1,417 | €2,636 | €1,982 | ▼ 24.8% |
| Leasing and similar rights25 | - | - | €46,309 | €36,656 | €27,003 | ▼ 26.3% |
| Other tangible fixed assets26 | - | - | €3,436 | €2,689 | €1,942 | ▼ 27.8% |
| Financial fixed assets28 | €94,576 | €94,576 | €94,576 | - | - | - |
| Current assets29/58 | €906,902 | €1.2m | €1.1m | €2.4m | €2.2m | ▼ 7.6% |
| Amounts receivable after more than one year29 | - | - | - | €1.0m | €400,000 | ▼ 60.0% |
| Trade receivables290 | - | - | - | €1.0m | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | - | - | €400,000 | - |
| Stocks and contracts in progress3 | €27,048 | €27,048 | €27,048 | €27,048 | €27,048 | = |
| Stocks30/36 | €27,048 | €27,048 | €27,048 | €27,048 | €27,048 | = |
| Amounts receivable within one year40/41 | €703,724 | €951,531 | €865,789 | €886,479 | €1.1m | ▲ 28.7% |
| Trade receivables40 | €10,000 | €12,525 | €31,902 | €11,500 | €19,970 | ▲ 73.7% |
| Other amounts receivable41 | €693,724 | €939,006 | €833,887 | €874,979 | €1.1m | ▲ 28.1% |
| Current investments50/53 | €171,974 | €171,974 | €171,974 | €171,974 | €383,906 | ▲ 123% |
| Cash at bank and in hand54/58 | €2,612 | €9,487 | €67,042 | €287,249 | €240,841 | ▼ 16.2% |
| Deferred charges and accrued income490/1 | €1,544 | - | €909 | €786 | €806 | ▲ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.3m | €1.4m | €2.6m | €2.4m | ▼ 7.9% |
| Equity10/15 | €967,767 | €1.2m | €1.2m | €2.3m | €2.2m | ▼ 4.8% |
| Contributions10/11 | €37,000 | €37,000 | €37,000 | €37,000 | €37,000 | = |
| Reserves13 | €930,767 | €1.1m | €1.2m | €2.3m | €2.2m | ▼ 4.8% |
| Non-distributable reserves130/1 | €3,700 | €3,700 | - | - | - | - |
| Reserves not available under the articles1311 | €3,700 | €3,700 | - | - | - | - |
| Distributable reserves133 | €927,067 | €1.1m | €1.2m | €2.3m | €2.2m | ▼ 4.8% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €76,116 | €119,473 | €170,765 | €250,072 | €158,052 | ▼ 36.8% |
| Amounts payable after more than one year17 | - | - | €34,123 | €22,209 | €9,737 | ▼ 56.2% |
| Financial debts170/4 | - | - | €34,123 | €22,209 | €9,737 | ▼ 56.2% |
| Amounts payable within one year42/48 | €76,116 | €119,473 | €136,643 | €227,862 | €148,315 | ▼ 34.9% |
| Current portion of amounts payable after more than one year42 | - | - | €11,379 | €11,913 | €12,472 | ▲ 4.7% |
| Trade debts44 | €22,067 | €14,643 | €58,968 | €52,643 | €14,092 | ▼ 73.2% |
| Suppliers440/4 | €22,067 | €14,643 | €58,968 | €52,643 | €14,092 | ▼ 73.2% |
| Taxes, remuneration and social security45 | €54,050 | €104,830 | €66,296 | €130,050 | €121,751 | ▼ 6.4% |
| Taxes450/3 | €54,050 | €104,830 | €66,296 | €130,050 | €121,751 | ▼ 6.4% |
| Other amounts payable47/48 | - | - | - | €33,256 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €229,627 | €250,089 | €98,153 | €1.1m | €17,998 | ▼ 98.4% |
| + Depreciation and write-downs630 | €12,653 | €5,591 | €13,152 | €24,539 | €26,254 | ▲ 7.0% |
| Operating cash flow (approximation) | €242,280 | €255,680 | €111,305 | €1.1m | €44,252 | ▼ 96.1% |
| Investment in fixed assets (approximation) | - | -€1,948 | -€157,106 | €65,364 | -€4,240 | ▼ 106% |
| Change in cash | - | €6,875 | €57,555 | €220,208 | -€46,408 | ▼ 121% |
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 · abbreviated schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €17,998 ▼98.4%
Net result drops to €17,998, the lowest in the series.
16-09
State Gazette act
General meeting · Director resignation
Director discharge · Permanent representative
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €1.1m ▲1,020%
Net result €1.1m, the highest in the series.
31-12
Financial
Equity above €2mEq €2.3m ▲86.5%
7 profitable years in a row build equity to €2.3m.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Equity above €1mEq €1.2m ▲21.3%
5 profitable years in a row build equity to €1.2m.
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 45 days late
07-07
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Show earlier events
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 5current ratio 22.57
Current ratio from 4.64 to 22.57; short-term debt falls from €74,507 to €31,363.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Wuustwezel · 1 establishment unit since 2002
Ground area
1,272 m²
Building footprint
312 m²
Volume, LiDAR
138 m³
Parcel 11053C0074/00Z000, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Berkendreef 20, 2990 Wuustwezel
since 20022.101.711.668
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11053C0074/00Z000 | Flanders | 1,272 m² | 1 · 312 m² | 6.9 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
10%
According to the 2023 annual accounts of JHM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
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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 7,326 companies in sector 68110 we hold annual accounts for 5,384. 2,568 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
Founded21-12-2001
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476411639
Also
9925:BE0476411639
Registered
13-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.