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JICECO

Active Public limited companyfounded 1991active for 34 yearsTerhulpsesteenweg 150, 1170 Watermael-BoitsfortKBO/BCE: BE 0445.974.227 subsidiary of La Gestion d'Immeubles

Lifetime

20 annual accounts with figures on one time axis, 34 filings since 1992
peak €454,656 (2024)
€266,362▼ 41.4%
lowest -€63,456 (2008)
€36,913▼ 80.1%
peak €62,000 (2024)
€62,000unchanged
€125,902▼ 26.3%
peak 5.4 FTE (2012)
4.4 FTE▲ 12.8%
Board10 names since 2016
5 directorsLL Consult SRL and 4 others
Owners
Documentsfilings and deeds
18-05-202674 days before the deadline
2025financial year
Gross margin from €454,656 to €266,362Result from €185,231 to €36,913Staff from 3.9 FTE to 4.4 FTEDividend €36,913Debts from €170,932 to €125,902Cash from €179,701 to €124,235

Key points

from the 2025 annual accounts

Equity

€62,000 =
62,0002024+36,913Profit-36,913Dividend62,0002025

JICECO paid out €36,913 in dividends. That is 100% of the 2025 profit.

Result

€36,913 ▼ 80.1%
€185,0002024€36,9002025

The result fell in 2025 from €185,231 to €36,913.

Staff

4 employees on 31-12-2025
322021322022332023652024132025

In 2025, 1 person joined and 3 left.

Filings

34 annual accounts since 1992
AprilJune31 JulyOctober200020102020

The last five annual accounts were filed 3 to 74 days before the end of the period.

Board

2 joined · 1 left

Board changed. Latest change 20-08-2026 · 4 in office.

Checked score

96
Excellent
Financially stronger than 65% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.3%highest value 01-2025: 0.3%● unchanged vs 12-2024highest value 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.2%▼ -0.1 percentage points vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.1%▼ -0.1 percentage points vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: < 0.1%▼ -0.1 percentage points vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026lowest value 06-2026: 0.1%▲ +0.1 percentage points vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Strong

58+6equity 33.0% of total assets
64+4short-term debt 67.0% · cash 66.1%
93-7return on assets 19.6%

Score breakdown

raises risk
Size: 4.4 FTE, total assets €187,902
lowers risk
Liquidity: current ratio 1.41, cash €124,235
Founded in 1991
Sector: Real estate activities (NACE 68)
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 68, micro). It does better than 51% of them on solvency, 76% on liquidity, 87% on profitability and 45% 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 very low class on 30-06-2025, 0.1% 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, 31,368 companies had the same profile as JICECO has now. Each dot stands for 79 companies, two years later.

93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of JICECO itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 31,368 companies, not a prediction for JICECO. 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 €5,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.41 (1.27 in 2024), below the usual 1.5. Short-term debt is 67% and cash 66.1% of total assets. 67% 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

Six signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.41, cash €124,235
NBB · annual accounts
lowers risk · Founded in 1991
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Size: 4.4 FTE, total assets €187,902
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
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 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €62,000
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 filings
Deviation from the deadline
2025
74 days early
2024
43 days early
2023
43 days early
2022
3 days early
2021
44 days early
2020
32 days early
2019
11 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 36 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 18 June (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

MC
MG Consultance SRL
Managing director, Matthieu Gehot
LC
LL Consult SRL
Director, Laurent Legros, since 17-05-2016
AO
Director, Alexis d'Oreye de Lantremange, since 05-05-2026
BO
Director, Philippe Jacobs, since 05-05-2026
Board & ownership

Recent changes

2 directors appointed, 1 resignation Resignation: Paul Waucquez (director and chair) · Appointments: A.O.L Consult SRL and Business Office Team SRL · Director discharge: MG Consultance SRL · General meeting of 05-05-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0445974227
1 director appointed, 1 resignation, 2 reappointments Resignation: IVB Invest · Reappointments: MG Consultance SRL (managing director) and LL Consult SRL · Appointment: Paul Waucquez (director and chair) · Gazette deed
Amendment of the articles General meeting of 10-03-2021 · Gazette deed
All 47 events

Comparable companies

same main activity, similar in size and age
Company
JICECO Watermael-Boitsfort €187,902 €266,362 33.0% 4.4
BAUVEZ SERVICES Rumes €226,884 €300,829 41.8% 5.5
het Zakenburo A Oudenaarde €226,329 €329,198 -75.5% 2.9
VLS BELGIUM Tienen €257,595 €438,105 -12.9% 5.1
DAC - IMMO Forest €375,711 €277,471 16.5% 4
JOASSIN - Affaires Immobilières Remicourt €380,132 €201,450 2.5% 4.1
DGI Sint-Katelijne-Waver €359,864 €268,119 -36.8% 3.8

These companies have the same main activity as JICECO: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €226,000 and €380,000, founded between 1975 and 2000.

Official details

Source: KBO
Status
Active since 03-12-1991Normal situation
Registered office
233 active companies are registered at this address23 started in the 12 months before. Source: KBO register, as of 10 November 2026.
Activity
Real estate agency activitiesNACE 68310
Joint committee
323Building management, estate agents and domestic staff · annual accounts 2025
Establishment unit
2.055.443.4601170 Watermael-Boitsfort, since 27-12-1991
Financial year end
31 December
Peppol
Reachable since 27-03-2026
Company details

Annual accounts 2025

≈ €650,000estimated
€187,902▼ 19.3%
Employeeson 31-12-2025
4▼ 33.3%
Filing
Filed on 18-05-2026, 74 days before the end of the filing period
Financials

Insights on JICECO

JICECO has existed since 1991. The gross margin fell from €288,143 in 2012 to €134,355 in 2013 and staff from 5.4 to 2.6 full-time equivalents.

Solvency rose in 2025 from 26.6% to 33.0% because of lower debts.

La Gestion d'Immeubles 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 JICECO

What is the company number of JICECO?
The company number of JICECO is 0445.974.227. The VAT number is the same number with BE in front: BE 0445.974.227.
Where is JICECO based?
The registered office is at Terhulpsesteenweg 150, 1170 Watermael-Boitsfort.Company details
What does JICECO do?
According to the KBO register, the main activity is real estate agency activities (NACE 68310).
What is the legal form of JICECO?
JICECO is a public limited company (NV).
When was JICECO founded?
JICECO was founded on 03-12-1991.
Is JICECO still active?
Yes, JICECO is an active enterprise in the KBO register.
How many employees does JICECO have?
JICECO had an average of 4.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does JICECO fall under?
In its 2025 annual accounts, JICECO states joint committee 323 (Building management, estate agents and domestic staff).
What is the turnover of JICECO?
The turnover in financial year 2025 is ≈ €650,000. This figure is estimated from the gross margin of €266,362 and 30 comparable companies (NACE 683). It probably lies between €450,000 and €840,000.
Is JICECO profitable?
In financial year 2025, JICECO made a profit of €36,913.
Where can I find the annual accounts of JICECO?
JICECO filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of JICECO due?
JICECO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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