JICECO
ActiveSummary
JICECO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62k and a net result of €37k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 45% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▼-7
Solvency58▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.27 in 2024; short-term debt: 67% and cash: 66.1% of total assets), and 67% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
33%
Return on assets
19.6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €62k
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
43 d early
2023
43 d early
2022
3 d early
2021
44 d early
2020
32 d early
2019
11 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€37k▼ 80.1%
2024 · €185k
2018: €-12k
2019: €18k▲ +252% vs 2018
2020: €30k▲ +69.6% vs 2019
2021: €17k▼ -44.8% vs 2020
2022: €-24k▼ -245% vs 2021lowest in 8 years
2023: €-2k▲ +90.0% vs 2022
2024: €185k▲ +7823% vs 2023highest in 8 years
2025: €37k▼ -80.1% vs 2024
2018 → 2025
Working capital
€52k▲ 11.1%
2024 · €47k
2018: €-33klowest in 8 years
2019: €-12k▲ +64.6% vs 2018
2020: €19k▲ +260% vs 2019
2021: €26k▲ +42.3% vs 2020
2022: €4k▼ -83.2% vs 2021
2023: €5k▲ +10.8% vs 2022
2024: €47k▲ +845% vs 2023
2025: €52k▲ +11.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€41k-€17k▼ 58.6%€15k▼ 14.2%€62k▲ 327%€62k=
2021: €41k
2022: €17k▼ -58.6% vs 2021
2023: €15k▼ -14.2% vs 2022lowest in 5 years
2024: €62k▲ +327% vs 2023highest in 5 years
2025: €62k● 0.0% vs 2024highest in 5 years
Operating result€30k-€-19k€5k€258k▲ 5,352%€61k▼ 76.2%
2021: €30k
2022: €-19k▼ -162% vs 2021lowest in 5 years
2023: €5k▲ +125% vs 2022
2024: €258k▲ +5352% vs 2023highest in 5 years
2025: €61k▼ -76.2% vs 2024
Net result€17k-€-24k€-2k▲ 90.0%€185k€37k▼ 80.1%
2021: €17k
2022: €-24k▼ -245% vs 2021lowest in 5 years
2023: €-2k▲ +90.0% vs 2022
2024: €185k▲ +7823% vs 2023highest in 5 years
2025: €37k▼ -80.1% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 76% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188k
Fixed assets
€10k ▼ 33.3%
Current assets
€178k ▼ 18.3%
Equity and liabilities €188k
Equity
€62k =
Debt
€126k ▼ 26.3%
Debt's share of the balance-sheet total falls from 73.4% to 67.0%. Debt is lower.
Key figures and ratios
EBITDA
€67k▼
2024 · €263k
Cash flow
€42k▼
2024 · €191k
Current ratio
1.41▲
2024 · 1.27
Debt to equity
2.03▼
2024 · 2.76
ROE
59.5%▼
2024 · 298.8%
ROA
19.6%▼
2024 · 79.5%
Interest coverage
9.14▼
2024 · 39.48
Debt ≤ 1 year
€126k▼
2024 · €171k
Income taxes
€17k▼
2024 · €66k
Staff costs
€199k▲
2024 · €190k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€233k€188k▼
Fixed assets21/28€15k€10k▼
Intangible fixed assets21€7k€4k▼
Tangible fixed assets22/27€8k€6k▼
Plant, machinery and equipment23€7k€6k▼
Furniture and vehicles24€1k€393▼
Current assets29/58€217k€178k▼
Amounts receivable within one year40/41€32k€47k▲
Trade receivables40€32k€18k▼
Other amounts receivable41€0€29k▲
Cash at bank and in hand54/58€180k€124k▼
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€233k€188k▼
Equity10/15€62k€62k=
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€0€0=
Amounts payable17/49€171k€126k▼
Amounts payable within one year42/48€171k€126k▼
Financial debts43€8k€8k▼
Credit institutions430/8€8k€8k▼
Trade debts44€101k€48k▼
Suppliers440/4€101k€48k▼
Taxes, remuneration and social security45€43k€32k▼
Taxes450/3€17k€17k▲
Remuneration and social security454/9€26k€15k▼
Other amounts payable47/48€18k€37k▲
Accrued charges and deferred income492/3€21€36▲
Income statement
Code20242025
Non-recurring operating income76A€0€3k▲
Remuneration, social security and pensions62€190k€199k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€738€758▲
Non-recurring operating charges66A€256€0▼
Gross operating margin9900€455k€266k▼
Operating profit (loss)9901€258k€61k▼
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€251k€54k▼
Income taxes67/77€66k€17k▼
Profit (loss) for the period9904€185k€37k▼
Profit (loss) for the period to be appropriated9905€185k€37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€138k€37k▼
Profit (loss) brought forward from the previous period14P€-47k€0▲
Profit to be distributed694/7€138k€37k▼
Return on contributions (dividend)694€138k€37k▼
Social balance
Average headcount (FTE)90873.94.4▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3k | €0 | €3k | - |
| Remuneration, social security and pensions62 | €145k | €199k | €204k | €190k | €199k | ▲ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €5k | €3k | €6k | €5k | ▼ 6.8% |
| Other operating charges640/8 | €1k | €1k | €713 | €738 | €758 | ▲ 2.8% |
| Non-recurring operating charges66A | €787 | €250 | €369 | €256 | €0 | ▼ 100% |
| Gross operating margin9900 | €181k | €187k | €212k | €455k | €266k | ▼ 41.4% |
| Operating profit (loss)9901 | €30k | €-19k | €5k | €258k | €61k | ▼ 76.2% |
| Financial income75/76B | €136 | €1 | €0 | - | - | - |
| Recurring financial income75 | €0 | €1 | €0 | - | - | - |
| Non-recurring financial income76B | €136 | €0 | - | - | - | - |
| Financial charges65/66B | €4k | €5k | €6k | €7k | €7k | ▲ 9.2% |
| Recurring financial charges65 | €4k | €5k | €6k | €7k | €7k | ▲ 9.2% |
| Profit (loss) for the period before taxes9903 | €26k | €-24k | €-2k | €251k | €54k | ▼ 78.4% |
| Income taxes67/77 | €9k | €154 | €764 | €66k | €17k | ▼ 73.9% |
| Profit (loss) for the period9904 | €17k | €-24k | €-2k | €185k | €37k | ▼ 80.1% |
| Profit (loss) for the period to be appropriated9905 | €17k | €-24k | €-2k | €185k | €37k | ▼ 80.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101k | €115k | €94k | €233k | €188k | ▼ 19.3% |
| Fixed assets21/28 | €14k | €13k | €10k | €15k | €10k | ▼ 33.3% |
| Intangible fixed assets21 | €2k | €0 | - | €7k | €4k | ▼ 45.3% |
| Tangible fixed assets22/27 | €12k | €13k | €10k | €8k | €6k | ▼ 22.2% |
| Plant, machinery and equipment23 | €12k | €13k | €8k | €7k | €6k | ▼ 16.7% |
| Furniture and vehicles24 | - | - | €2k | €1k | €393 | ▼ 60.8% |
| Current assets29/58 | €87k | €102k | €84k | €217k | €178k | ▼ 18.3% |
| Amounts receivable within one year40/41 | €66k | €64k | €37k | €32k | €47k | ▲ 48.3% |
| Trade receivables40 | €52k | €54k | €27k | €32k | €18k | ▼ 43.4% |
| Other amounts receivable41 | €14k | €10k | €9k | €0 | €29k | - |
| Cash at bank and in hand54/58 | €18k | €34k | €41k | €180k | €124k | ▼ 30.9% |
| Deferred charges and accrued income490/1 | €3k | €4k | €6k | €6k | €6k | ▲ 3.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101k | €115k | €94k | €233k | €188k | ▼ 19.3% |
| Equity10/15 | €41k | €17k | €15k | €62k | €62k | = |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Profit (loss) carried forward14 | €-21k | €-45k | €-47k | €0 | €0 | - |
| Amounts payable17/49 | €60k | €98k | €79k | €171k | €126k | ▼ 26.3% |
| Amounts payable within one year42/48 | €60k | €98k | €79k | €171k | €126k | ▼ 26.4% |
| Financial debts43 | - | - | - | €8k | €8k | ▼ 0.4% |
| Credit institutions430/8 | - | - | - | €8k | €8k | ▼ 0.4% |
| Trade debts44 | €35k | €57k | €54k | €101k | €48k | ▼ 52.3% |
| Suppliers440/4 | €35k | €57k | €54k | €101k | €48k | ▼ 52.3% |
| Taxes, remuneration and social security45 | €25k | €41k | €23k | €43k | €32k | ▼ 25.7% |
| Taxes450/3 | €8k | €13k | €5k | €17k | €17k | ▲ 1.2% |
| Remuneration and social security454/9 | €16k | €28k | €19k | €26k | €15k | ▼ 43.2% |
| Other amounts payable47/48 | €299 | €0 | €1k | €18k | €37k | ▲ 108% |
| Accrued charges and deferred income492/3 | €9 | €212 | €233 | €21 | €36 | ▲ 66.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €-24k | €-2k | €185k | €37k | ▼ 80.1% |
| + Depreciation and write-downs630 | €4k | €5k | €3k | €6k | €5k | ▼ 6.8% |
| Operating cash flow (approximation) | €21k | €-19k | €459 | €191k | €42k | ▼ 78.0% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | €-11k | €0 | ▲ 100% |
| Change in cash | - | €16k | €7k | €139k | €-55k | ▼ 140% |
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
20-08
State Gazette act
Resignation: Paul Waucquez (administrateur président)Appointments: A.O.L Consult SRL (director) and Business Office Team SRL (director) · Director discharge · Mandate compensation9 facts ▸
State Gazette act
Resignation: Paul Waucquez (administrateur président)
Appointments: A.O.L Consult SRL (director) and Business Office Team SRL (director) · Director discharge · Mandate compensation9 facts ▸
- General meeting, 05-05-2026
- Director discharge, MG Consultance SRL (managing director)
- Director discharge, LL Consult SRL (director)
- Director discharge, Paul Waucquez (administrateur président)
- Director resignation, Paul Waucquez (administrateur président)
- Director appointment, A.O.L Consult SRL (director)
- Director appointment, Business Office Team SRL (director)
- Mandate compensation, A.O.L Consult SRL
- Mandate compensation, Business Office Team SRL
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €185k
Net result €185k after 2 loss-making years.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 17 acts read
About the unread acts
Of the 17 Belgian State Gazette acts we know for this company, 1 has been read. The other 16 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
A.O.L Consult
CurrentDirector · since 05-05-2026 · Private limited company
BUSINESS OFFICE TEAM
CurrentDirector · since 05-05-2026 · Private limited company
05-05-2026
A.O.L Consult: Appointed as Director
05-05-2026
BUSINESS OFFICE TEAM: Appointed as Director
05-05-2026
Paul Waucquez: Resigned as Administrateur président
Not every act has been read: a resignation may be missing here
16 of this company's 17 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 1991
Ground area
4,415 m²
Building footprint
2,124 m²
Volume, LiDAR
45,158 m³
Parcel 21652E0035/00R005, Brussels · tallest building 36.1 m, ±7 floors. Linked by address, not a title deed.
231
companies at this address
See who is registered here
1 establishment unit
JICECO SPRL
since 19912.055.443.460
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0035/00R005 | Brussels | 4,415 m² | 1 · 2,124 m² | 36.1 m · 7 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
Similar companies · same sector, comparable size
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Elsene · Eq €62,093
VOISIN IMMO
BE 0797.579.530
Verviers · Eq €62,110
IMMO TRUST
BE 0606.967.206
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Immobilière Beaufils
BE 0880.353.786
Nivelles · Eq €61,822
Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 5,008 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.