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JKMG

Active
Private limited company (pre-2019)founded 201610 yrs activeKBO/BCE: BE 0659.785.486

The computed 12-month bankruptcy probability of JKMG is 2.8% (moderate). The 2025 annual accounts show negative equity (€-55k) and a net result of €-7k. Equity is shrinking by ~73.3% per year across the filed fiscal years. Its solvency ranks better than 12% of 13204 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
20 / 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▲+14
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.57 against 0.54 in 2024; short-term debt: 175.2% and cash: 0.4% of total assets), and equity is negative.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
+raises riskneutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies more bankruptcies →
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 2025
Solvency, return and age of the figures
Solvency
-75.2%
Return on assets
-9.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €-55k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 · 9 filings
Deviation from the deadline
2025
6 d late
2024
1 d early
2023
2 d early
2022
52 d late
2021
on the day
2020
2 d early
2019
3 d early
← before the deadline after the deadline →
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 months
Position in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity
€-55k▼ 14.6%
2024 · €-48k
2018: €936 2019: €1k 2020: €-2k 2021: €-4k 2022: €-21k 2023: €-35k 2024: €-48k
2018 → 2025
Total assets
€73k▼ 5.1%
2024 · €77k
2018: €123k 2019: €132k 2020: €127k 2021: €130k 2022: €119k 2023: €88k 2024: €77k
2018 → 2025
Net result
€-7k▲ 44.0%
2024 · €-12k
2018: €-621 2019: €443 2020: €-4k 2021: €-2k 2022: €-17k 2023: €-14k 2024: €-12k
2018 → 2025
Working capital
€-55k▲ 5.2%
2024 · €-58k
2018: €-28k 2019: €-25k 2020: €-29k 2021: €-24k 2022: €-38k 2023: €-52k 2024: €-58k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€-4k-€-21k▼ 379%€-35k▼ 67.4%€-48k▼ 35.2%€-55k▼ 14.6%
Operating result€-1k-€-16k▼ 1,071%€-14k▲ 13.5%€-12k▲ 13.8%€-7k▲ 40.6%
Net result€-2k-€-17k▼ 725%€-14k▲ 14.9%€-12k▲ 12.6%€-7k▲ 44.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-20k€-15k€-10k€-5k€0Operating result 2021: €-1k€-1kNet result 2021: €-2k€-2kOperating result 2022: €-16k€-16kNet result 2022: €-17k€-17kOperating result 2023: €-14k€-14kNet result 2023: €-14k€-14kOperating result 2024: €-12k€-12kNet result 2024: €-12k€-12kOperating result 2025: €-7k€-7kNet result 2025: €-7k€-7k20212022202320242025
The operating result stays negative: a loss of €7k in 2025 against €12k in 2024; the loss shrinks.
Key figures and ratios
2025 value · change against 2024
EBITDA
€-7k
2024 · €-5k
Cash flow
€-7k
2024 · €-6k
Solvency
-75.2%
2024 · -62.3%
Current ratio
0.57
2024 · 0.54
Quick ratio
0.57
2024 · 0.54
Debt / equity
-2.33
2024 · -2.60
ROA
-9.6%
2024 · -16.2%
Debt
€127k
2024 · €124k
Debt ≤ 1 year
€127k
2024 · €124k
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 · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€77k€73k
Fixed assets21/28€10k€0
Tangible fixed assets22/27€10k€0
Plant, machinery and equipment23€2k€0
Furniture and vehicles24€0-
Other tangible fixed assets26€8k€0
Current assets29/58€67k€73k
Amounts receivable within one year40/41€66k€72k
Other amounts receivable41€66k€72k
Cash at bank and in hand54/58€303€303=
Equity and liabilities
Total equity and liabilities10/49€77k€73k
Equity10/15€-48k€-55k
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-66k€-73k
Amounts payable17/49€124k€127k
Amounts payable within one year42/48€124k€127k
Trade debts44€2k€4k
Suppliers440/4€2k€4k
Taxes, remuneration and social security45-€630
Taxes450/3-€630
Other amounts payable47/48€123k€123k=
Income statement Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€0
Other operating charges640/8€918€0
Non-recurring operating charges66A-€5k
Gross operating margin9900€-4k€-2k
Operating profit (loss)9901€-12k€-7k
Financial income75/76B€615€0
Recurring financial income75€615€0
Financial charges65/66B€1k€0
Recurring financial charges65€1k€0
Profit (loss) for the period before taxes9903€-12k€-7k
Profit (loss) for the period9904€-12k€-7k
Profit (loss) for the period to be appropriated9905€-12k€-7k
Appropriation of the result
Profit (loss) to be appropriated9906€-66k€-73k
Profit (loss) brought forward from the previous period14P€-54k€-66k

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
06-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
30-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 52 days late
2022
31-12
Financial Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
31-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Back to profitnet €443
Net result €443 after one loss-making year.
05-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2018
27-07
NBB filing Annual accounts filed
fiscal year 2017 · 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
1 establishment unit since 2016
establishment The establishment unit on the map
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.

Ground area
6,450 m²
Building footprint
570 m²
Volume, LiDAR
3,636 m³
2 parcels, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JKMG
Aartrijksestraat 87, 8211 ZedelgemHotels and similar accommodation
since 20162.255.668.187
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31001B0971/00L000 Flanders 4,634 m² 1 · 327 m² 10.9 m · 2 fl.
31033I0380/00N000 Flanders 1,816 m² 1 · 242 m² 9.7 m · 2 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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

Of 20,495 companies in sector 56111 we hold annual accounts for 11,455. 2,092 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company (pre-2019)
Founded19-07-2016
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.