JJ SYSTEMS
ActiveSummary
The annual accounts of JJ SYSTEMS for fiscal year 2024 show a net loss of 69% of the equity at the start of that year. The 2024 annual accounts show equity of €49k and a net result of €-107k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 29% of 15865 sector peers (fiscal year 2024). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability4▼-51
Solvency37▼-12
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.31 against 1.5 in 2023; short-term debt: 73.5% of total assets), and 87.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 2024Solvency, return and age of the figures
Solvency
12.1%
Return on assets
-26.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 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
not confirmed
2024
12 d late
2023
21 d late
2022
25 d late
2021
4 d early
2020
26 d late
2019
11 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€49k▼ 68.7%
2023 · €156k
2018: €83k
2019: €95k▲ +14.4% vs 2018
2020: €-37k▼ -140% vs 2019lowest in 7 years
2021: €6k▲ +115% vs 2020
2022: €134k▲ +2265% vs 2021
2023: €156k▲ +16.8% vs 2022highest in 7 years
2024: €49k▼ -68.7% vs 2023
2018 → 2024
Total assets
€405k▼ 38.3%
2023 · €655k
2018: €490k
2019: €506k▲ +3.3% vs 2018
2020: €644k▲ +27.1% vs 2019
2021: €718k▲ +11.5% vs 2020
2022: €740k▲ +3.1% vs 2021highest in 7 years
2023: €655k▼ -11.4% vs 2022
2024: €405k▼ -38.3% vs 2023lowest in 7 years
2018 → 2024
Net result
€-107k
2023 · €22k
2018: €32k
2019: €12k▼ -62.5% vs 2018
2020: €-132k▼ -1210% vs 2019lowest in 7 years
2021: €43k▲ +133% vs 2020
2022: €128k▲ +197% vs 2021highest in 7 years
2023: €22k▼ -82.5% vs 2022
2024: €-107k▼ -578% vs 2023
2018 → 2024
Working capital
€92k▼ 56.5%
2023 · €211k
2018: €148k
2019: €190k▲ +28.3% vs 2018
2020: €90k▼ -52.7% vs 2019lowest in 7 years
2021: €124k▲ +37.4% vs 2020
2022: €206k▲ +66.6% vs 2021
2023: €211k▲ +2.7% vs 2022highest in 7 years
2024: €92k▼ -56.5% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-37k-€6k€134k▲ 2,265%€156k▲ 16.8%€49k▼ 68.7%
2020: €-37klowest in 5 years
2021: €6k▲ +115% vs 2020
2022: €134k▲ +2265% vs 2021
2023: €156k▲ +16.8% vs 2022highest in 5 years
2024: €49k▼ -68.7% vs 2023
Operating result€-116k-€62k€38k▼ 38.2%€39k▲ 2.5%€4k▼ 89.9%
2020: €-116klowest in 5 years
2021: €62k▲ +153% vs 2020highest in 5 years
2022: €38k▼ -38.2% vs 2021
2023: €39k▲ +2.5% vs 2022
2024: €4k▼ -89.9% vs 2023
Net result€-132k-€43k€128k▲ 197%€22k▼ 82.5%€-107k
2020: €-132klowest in 5 years
2021: €43k▲ +133% vs 2020
2022: €128k▲ +197% vs 2021highest in 5 years
2023: €22k▼ -82.5% vs 2022
2024: €-107k▼ -578% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 90% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €405k
Fixed assets
€15k ▼ 31.9%
Current assets
€390k ▼ 38.5%
Equity and liabilities €405k
Equity
€49k ▼ 68.7%
Debt
€356k ▼ 28.7%
Debt's share of the balance-sheet total rises from 76.1% to 87.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16k▼
2023 · €52k
Cash flow
€-96k▼
2023 · €36k
Current ratio
1.31▼
2023 · 1.50
Quick ratio
0.65▲
2023 · 0.44
Debt to equity
7.28▲
2023 · 3.19
ROE
-219.8%▼
2023 · 14.4%
ROA
-26.5%▼
2023 · 3.4%
Interest coverage
0.46▼
2023 · 3.81
Debt ≤ 1 year
€298k▼
2023 · €422k
Debt > 1 year
€58k▼
2023 · €77k
Income taxes
€78k▲
2023 · €4k
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 · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€655k€405k▼
Fixed assets21/28€22k€15k▼
Tangible fixed assets22/27€22k€15k▼
Plant, machinery and equipment23€3k€6k▲
Furniture and vehicles24€1k€248▼
Other tangible fixed assets26€17k€9k▼
Financial fixed assets28€150€150=
Current assets29/58€633k€390k▼
Stocks and contracts in progress3€449k€196k▼
Stocks30/36€449k€196k▼
Amounts receivable within one year40/41€185k€193k▲
Trade receivables40€5k€23k▲
Other amounts receivable41€180k€170k▼
Deferred charges and accrued income490/1-€172
Equity and liabilities
Total equity and liabilities10/49€655k€405k▼
Equity10/15€156k€49k▼
Contributions10/11€19k€19k=
Reserves13€138k€47k▼
Tax-exempt reserves132€13k€13k=
Distributable reserves133€125k€34k▼
Profit (loss) carried forward14-€-17k
Amounts payable17/49€499k€356k▼
Amounts payable after more than one year17€77k€58k▼
Financial debts170/4€77k€58k▼
Amounts payable within one year42/48€422k€298k▼
Current portion of amounts payable after more than one year42€47k€71k▲
Financial debts43€15k€26k▲
Credit institutions430/8€15k€26k▲
Trade debts44€337k€85k▼
Suppliers440/4€337k€85k▼
Advances received on contracts in progress46-€44k
Taxes, remuneration and social security45€24k€24k▲
Taxes450/3€24k€24k▲
Other amounts payable47/48-€48k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼
Other operating charges640/8€8k€13k▲
Gross operating margin9900€60k€28k▼
Operating profit (loss)9901€39k€4k▼
Financial income75/76B€1k€1▼
Recurring financial income75€1k€1▼
Financial charges65/66B€14k€34k▲
Recurring financial charges65€14k€34k▲
Profit (loss) for the period before taxes9903€27k€-30k▼
Income taxes67/77€4k€78k▲
Profit (loss) for the period9904€22k€-107k▼
Profit (loss) for the period to be appropriated9905€22k€-107k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€-107k▼
Transfer from equity791/2-€91k
Transfer to equity691/2€22k-
To other reserves6921€22k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €16k | €15k | €13k | €12k | ▼ 12.8% |
| Other operating charges640/8 | - | €2k | €9k | €8k | €13k | ▲ 67.3% |
| Gross operating margin9900 | €-92k | €80k | €62k | €60k | €28k | ▼ 53.1% |
| Operating profit (loss)9901 | €-116k | €62k | €38k | €39k | €4k | ▼ 89.9% |
| Financial income75/76B | - | €239 | €122k | €1k | €1 | ▼ 99.9% |
| Recurring financial income75 | €0 | €239 | €2k | €1k | €1 | ▼ 99.9% |
| Non-recurring financial income76B | - | - | €120k | - | - | - |
| Financial charges65/66B | - | €19k | €13k | €14k | €34k | ▲ 144% |
| Recurring financial charges65 | €16k | €19k | €13k | €14k | €34k | ▲ 144% |
| Profit (loss) for the period before taxes9903 | €-132k | €43k | €147k | €27k | €-30k | ▼ 212% |
| Income taxes67/77 | €253 | €333 | €19k | €4k | €78k | ▲ 1,804% |
| Profit (loss) for the period9904 | €-132k | €43k | €128k | €22k | €-107k | ▼ 578% |
| Profit (loss) for the period to be appropriated9905 | €-132k | €43k | €128k | €22k | €-107k | ▼ 578% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €644k | €718k | €740k | €655k | €405k | ▼ 38.3% |
| Fixed assets21/28 | €60k | €49k | €35k | €22k | €15k | ▼ 31.9% |
| Tangible fixed assets22/27 | €60k | €49k | €35k | €22k | €15k | ▼ 32.1% |
| Plant, machinery and equipment23 | - | €11k | €7k | €3k | €6k | ▲ 78.4% |
| Furniture and vehicles24 | - | €3k | €2k | €1k | €248 | ▼ 79.3% |
| Other tangible fixed assets26 | - | €35k | €26k | €17k | €9k | ▼ 50.0% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €584k | €669k | €705k | €633k | €390k | ▼ 38.5% |
| Stocks and contracts in progress3 | €403k | €468k | €475k | €449k | €196k | ▼ 56.2% |
| Stocks30/36 | - | €468k | €475k | €449k | €196k | ▼ 56.2% |
| Amounts receivable within one year40/41 | €170k | €168k | €230k | €185k | €193k | ▲ 4.4% |
| Trade receivables40 | - | - | - | €5k | €23k | ▲ 403% |
| Other amounts receivable41 | - | €168k | €230k | €180k | €170k | ▼ 5.8% |
| Cash at bank and in hand54/58 | €10k | €33k | €3 | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €172 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €644k | €718k | €740k | €655k | €405k | ▼ 38.3% |
| Equity10/15 | €-37k | €6k | €134k | €156k | €49k | ▼ 68.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €76k | €76k | €115k | €138k | €47k | ▼ 65.7% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Tax-exempt reserves132 | - | €13k | €13k | €13k | €13k | = |
| Distributable reserves133 | - | €62k | €102k | €125k | €34k | ▼ 72.5% |
| Profit (loss) carried forward14 | €-132k | €-89k | - | - | €-17k | - |
| Amounts payable17/49 | €681k | €712k | €606k | €499k | €356k | ▼ 28.7% |
| Amounts payable after more than one year17 | €167k | €167k | €107k | €77k | €58k | ▼ 24.5% |
| Financial debts170/4 | - | €167k | €107k | €77k | €58k | ▼ 24.5% |
| Amounts payable within one year42/48 | €494k | €545k | €499k | €422k | €298k | ▼ 29.5% |
| Current portion of amounts payable after more than one year42 | - | €35k | €62k | €47k | €71k | ▲ 50.3% |
| Financial debts43 | - | €15k | €15k | €15k | €26k | ▲ 77.4% |
| Credit institutions430/8 | - | €15k | €15k | €15k | €26k | ▲ 77.4% |
| Trade debts44 | €399k | €417k | €308k | €337k | €85k | ▼ 74.9% |
| Suppliers440/4 | - | €417k | €308k | €337k | €85k | ▼ 74.9% |
| Advances received on contracts in progress46 | - | - | €11k | - | €44k | - |
| Taxes, remuneration and social security45 | - | €3k | €25k | €24k | €24k | ▲ 1.7% |
| Taxes450/3 | - | €3k | €25k | €24k | €24k | ▲ 1.7% |
| Other amounts payable47/48 | - | €75k | €78k | - | €48k | - |
| Accrued charges and deferred income492/3 | - | - | €631 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-132k | €43k | €128k | €22k | €-107k | ▼ 578% |
| + Depreciation and write-downs630 | €14k | €16k | €15k | €13k | €12k | ▼ 12.8% |
| Operating cash flow (approximation) | €-118k | €59k | €143k | €36k | €-96k | ▼ 369% |
| Investment in fixed assets (approximation) | - | €-5k | €-982 | €0 | €-5k | - |
| Change in cash | - | €23k | €-33k | - | - | - |
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
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Equity above €150kEq €156k ▲16.8%
3 profitable years in a row build equity to €156k.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Highest result since 2018net €128k ▲197%
Net result €128k, the highest in the series.
31-12
Financial
Equity above €100kEq €134k ▲2,265%
2 profitable years in a row build equity to €134k.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet €-132k
Net result drops to €-132k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 63 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
Financial milestoneNBB 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Zottegem · 1 establishment unit since 1999
Ground area
1,388 m²
Building footprint
282 m²
Volume, LiDAR
1,454 m³
Parcel 41069C0331/00V000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Provinciebaan 166, 9620 Zottegem
since 19992.092.640.881
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41069C0331/00V000 | Flanders | 1,388 m² | 1 · 282 m² | 8.6 m · 2 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.
Similar companies · same sector, comparable size
FAB DELUXE
BE 0812.272.951
Sint-Martens-Latem · Eq €49,001
BELLINI
BE 0873.618.028
Geel · Eq €49,302
AZ DECO
BE 0752.953.788
Schaarbeek · Eq €49,336
OPERANDI
BE 0432.455.197
Wavre · Eq €49,737
State of Art Department Store
BE 0643.965.974
Antwerpen · Eq €47,941
Of 1,308 companies in sector 46423 we hold annual accounts for 810. 519 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
Founded27-09-1999
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
47639Retail sale of other sporting goods
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.