JLO SYSTEMS
ActiveThe file of JLO SYSTEMS contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 7.9% (elevated). The 2025 annual accounts show equity of €163,978 and a net result of €29,786. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 63% of 2097 sector peers (fiscal year 2025).
What stands out
Overview
Accounts filed 40 d late0 of 3 deeds read
Why 53- Judicial reorganisation on record- Higher-failure-rate sector- Higher-failure-rate region+ Long track record+ Annual accounts: healthy financial profileFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+67
Solvency78▲+6
Growth67▲+1
Track record60
Bankruptcy probability, 12 months
7.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.12 against 0.96 in 2024; short-term debt: 33.9% and cash: 1.6% of total assets), and 47.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
52.6%
Return on assets
9.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 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
40 d late
2024
4 d early
2023
348 d late
2022
28 d early
2021
75 d early
2020
10 d early
2019
91 d late
← 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 52 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 27 July (4 of the last 5 filed years within 71 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Highest result since 2018net €29,786 ▲1,187%
- Equity above €150,000Eq €163,978 ▲22.2%
Financials
Fiscal year 2025Turnover €188,577Profit €29,786Solvency 52.6%Liquidity 1.12
Turnover
€188,577▲ 8.4%
2018 - 2025
Net result
€29,786▲ 1,187%
2018 - 2025
Equity
€163,978▲ 22.2%
2018 - 2025
Staff (FTE)
0.3
2018
Financials · fiscal year 2025, full schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€248,205▲ 37.8%€180,145▼ 27.4%€178,664▼ 0.8%€173,999▼ 2.6%€188,577▲ 8.4%
Operating result€17,930▲ 73.2%-€5,712€8,402-€7,575€29,036
Net result€7,730within the sector's middle half▲ 420%€3,975within the sector's middle half▼ 48.6%€11,465within the sector's middle half▲ 188%€2,315within the sector's middle half▼ 79.8%€29,786within the sector's middle half▲ 1,187%
EBIT margin7.2%▲ 1.5pp-3.2%▼ 10.4pp4.7%▲ 7.9pp-4.4%▼ 9.1pp15.4%▲ 19.8pp
Equity€123,688within the sector's middle half▲ 6.7%€130,013within the sector's middle half▲ 5.1%€131,877within the sector's middle half▲ 1.4%€134,193within the sector's middle half▲ 1.8%€163,978within the sector's middle half▲ 22.2%
Total assets€264,290within the sector's middle half▼ 7.3%€288,915within the sector's middle half▲ 9.3%€267,415below the sector's middle half▼ 7.4%€285,723below the sector's middle half▲ 6.8%€311,509below the sector's middle half▲ 9.0%
Debt€140,602▼ 16.9%€158,902▲ 13.0%€135,538▼ 14.7%€151,531▲ 11.8%€147,531▼ 2.6%
Working capital-€4,140below the sector's middle half▲ 81.0%€4,308below the sector's middle half€4,824below the sector's middle half▲ 12.0%-€3,956below the sector's middle half€12,493below the sector's middle half
Solvency46.8%within the sector's middle half▲ 6.1pp45.0%within the sector's middle half▼ 1.8pp49.3%within the sector's middle half▲ 4.3pp47.0%within the sector's middle half▼ 2.3pp52.6%within the sector's middle half▲ 5.7pp
Current ratio0.91below the sector's middle half▲ 0.191.06below the sector's middle half▲ 0.151.08below the sector's middle half▲ 0.020.96below the sector's middle half▼ 0.131.12below the sector's middle half▲ 0.16
Return on assets (ROA)2.9%within the sector's middle half▲ 2.4pp1.4%within the sector's middle half▼ 1.5pp4.3%within the sector's middle half▲ 2.9pp0.8%within the sector's middle half▼ 3.5pp9.6%within the sector's middle half▲ 8.8pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €29,036 after a loss of €7,575 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €311,509
Fixed assets
€193,436 ▼ 3.4%
Current assets
€118,074 ▲ 38.2%
Equity and liabilities €311,509
Equity
€163,978 ▲ 22.2%
Debt
€147,531 ▼ 2.6%
Debt's share of the balance-sheet total falls from 53.0% to 47.4%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€35,861▲
2024 · -€750
Cash flow
€36,610▲
2024 · €9,139
Debt to equity
0.90▼
2024 · 1.13
ROE
18.2%▲
2024 · 1.7%
Interest coverage
168.76▲
2024 · -0.16
Debt ≤ 1 year
€105,581▲
2024 · €89,419
Debt > 1 year
€41,950▼
2024 · €62,112
Income taxes
€608
Staff costs
€48,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 7.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 31,371 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €248,205 | €180,145 | €178,664 | €173,999 | €188,577 | ▲ 8.4% |
| Non-recurring operating income76A | - | - | €11,190 | - | €18,178 | - |
| Goods, raw materials, services and sundry goods60/61 | €213,814 | €170,651 | €169,933 | €172,882 | €120,439 | ▼ 30.3% |
| Remuneration, social security and pensions62 | €2,437 | - | - | - | €48,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,471 | €8,468 | €8,280 | €6,825 | €6,825 | = |
| Other operating charges640/8 | €5,553 | €6,739 | €3,239 | €1,868 | €2,455 | ▲ 31.5% |
| Gross operating margin9900 | €34,391 | €9,494 | €19,921 | €1,118 | €86,316 | ▲ 7,623% |
| Operating profit (loss)9901 | €17,930 | -€5,712 | €8,402 | -€7,575 | €29,036 | ▲ 483% |
| Financial income75/76B | €3,046 | €12,144 | €16,085 | €14,441 | €1,570 | ▼ 89.1% |
| Recurring financial income75 | €2,305 | €3,767 | €4,249 | €14,441 | €1,570 | ▼ 89.1% |
| Non-recurring financial income76B | €741 | €8,377 | €11,837 | - | - | - |
| Financial charges65/66B | €9,284 | €2,457 | €13,022 | €4,551 | €213 | ▼ 95.3% |
| Recurring financial charges65 | €9,284 | €2,457 | €8,109 | €4,551 | €213 | ▼ 95.3% |
| Non-recurring financial charges66B | - | - | €4,913 | - | - | - |
| Profit (loss) for the period before taxes9903 | €11,692 | €3,975 | €11,465 | €2,315 | €30,393 | ▲ 1,213% |
| Transfer to deferred taxes680 | €3,962 | - | - | - | - | - |
| Income taxes67/77 | - | - | - | - | €608 | - |
| Profit (loss) for the period9904 | €7,730 | €3,975 | €11,465 | €2,315 | €29,786 | ▲ 1,187% |
| Profit (loss) for the period to be appropriated9905 | €7,730 | €3,975 | €11,465 | €2,315 | €29,786 | ▲ 1,187% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €264,290 | €288,915 | €267,415 | €285,723 | €311,509 | ▲ 9.0% |
| Fixed assets21/28 | €220,973 | €211,028 | €202,895 | €200,260 | €193,436 | ▼ 3.4% |
| Tangible fixed assets22/27 | €98,873 | €99,928 | €92,295 | €89,660 | €82,836 | ▼ 7.6% |
| Land and buildings22 | €96,009 | €89,184 | - | €75,535 | €68,711 | ▼ 9.0% |
| Plant, machinery and equipment23 | - | - | €82,360 | - | - | - |
| Furniture and vehicles24 | €2,864 | €1,220 | €412 | €4,602 | €4,602 | = |
| Leasing and similar rights25 | - | €9,523 | €9,523 | €9,523 | €9,523 | = |
| Financial fixed assets28 | €122,100 | €111,100 | €110,600 | €110,600 | €110,600 | = |
| Current assets29/58 | €43,317 | €77,887 | €64,520 | €85,463 | €118,074 | ▲ 38.2% |
| Amounts receivable after more than one year29 | - | - | €326 | €326 | €326 | = |
| Trade receivables290 | - | - | €326 | €326 | €326 | = |
| Amounts receivable within one year40/41 | €19,653 | €45,616 | €52,311 | €72,957 | €106,798 | ▲ 46.4% |
| Trade receivables40 | €3,512 | €9,085 | €15,843 | €41,622 | €42,763 | ▲ 2.7% |
| Other amounts receivable41 | €16,141 | €36,531 | €36,467 | €31,335 | €64,035 | ▲ 104% |
| Cash at bank and in hand54/58 | €23,664 | €28,506 | €11,883 | €5,100 | €5,100 | = |
| Deferred charges and accrued income490/1 | - | €3,765 | - | €7,079 | €5,849 | ▼ 17.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €264,290 | €288,915 | €267,415 | €285,723 | €311,509 | ▲ 9.0% |
| Equity10/15 | €123,688 | €130,013 | €131,877 | €134,193 | €163,978 | ▲ 22.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €95,545 | €95,545 | €95,545 | €95,546 | €95,546 | = |
| Non-distributable reserves130/1 | €35,225 | €35,225 | €35,225 | €35,225 | €35,225 | = |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €33,365 | €33,365 | €33,365 | €33,365 | €33,365 | = |
| Tax-exempt reserves132 | €44,820 | €44,820 | €44,820 | €44,821 | €44,821 | = |
| Distributable reserves133 | €15,500 | €15,500 | €15,500 | €15,500 | €15,500 | = |
| Profit (loss) carried forward14 | €9,543 | €15,868 | €17,732 | €20,047 | €49,832 | ▲ 149% |
| Amounts payable17/49 | €140,602 | €158,902 | €135,538 | €151,531 | €147,531 | ▼ 2.6% |
| Amounts payable after more than one year17 | €90,796 | €85,279 | €75,842 | €62,112 | €41,950 | ▼ 32.5% |
| Financial debts170/4 | €90,796 | €85,279 | €75,842 | €62,112 | €41,950 | ▼ 32.5% |
| Amounts payable within one year42/48 | €47,456 | €73,579 | €59,695 | €89,419 | €105,581 | ▲ 18.1% |
| Current portion of amounts payable after more than one year42 | - | €3,389 | €1,054 | €3,425 | €10,268 | ▲ 200% |
| Financial debts43 | - | €7,980 | - | - | - | - |
| Credit institutions430/8 | - | €7,980 | - | - | - | - |
| Trade debts44 | €34,921 | €39,994 | €52,523 | €84,260 | €93,579 | ▲ 11.1% |
| Suppliers440/4 | €34,921 | €39,994 | €52,523 | €84,260 | €93,579 | ▲ 11.1% |
| Taxes, remuneration and social security45 | €12,535 | €22,217 | €4,591 | €1,734 | €1,734 | = |
| Taxes450/3 | €11,919 | €22,217 | €4,591 | €1,734 | €1,734 | = |
| Remuneration and social security454/9 | €616 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | €1,528 | - | - | - |
| Accrued charges and deferred income492/3 | €2,350 | €44 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,730 | €3,975 | €11,465 | €2,315 | €29,786 | ▲ 1,187% |
| + Depreciation and write-downs630 | €8,471 | €8,468 | €8,280 | €6,825 | €6,825 | = |
| Operating cash flow (approximation) | €16,201 | €12,443 | €19,744 | €9,139 | €36,610 | ▲ 301% |
| Investment in fixed assets (approximation) | - | €1,477 | -€147 | -€4,190 | €0 | ▲ 100% |
| Change in cash | - | €4,842 | -€16,623 | -€6,783 | €0 | ▲ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
HERPOELAERT BINNENHUISINRICHTINGEN
BE 0448.979.148
Pittem · Eq €164,052
DE RECHTER - DE VOS
BE 0428.740.790
Lokeren · Eq €163,903
LESS
BE 0716.799.217
Kortrijk · Eq €163,897
KAVALUX
BE 0473.482.536
Attert · Eq €164,090
COULEUR BOIS
BE 0463.771.450
Hannut · Eq €164,149
Of 20,017 companies in this sector we hold annual accounts for 9,142. 7,574 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
15 eventsLatest 09-09-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 40 days late
2025
31-12
Financial
Highest result since 2018net €29,786 ▲1,187%
Operating result €29,036, net result €29,786, both a record.
31-12
Financial
Equity above €150,000Eq €163,978 ▲22.2%
8 profitable years in a row build equity to €163,978.
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 348 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
31-12
Financial
Equity above €100,000Eq €114,471 ▲14.8%
2 profitable years in a row build equity to €114,471.
20-11
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise de Liège · event 12-11-2019
22-08
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collective agreement · event 14-08-2019
Show earlier events
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 49 days late
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 183 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Company details
Private limited company · founded 23-08-2002Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded23-08-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478203961
Also
9925:BE0478203961
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Herstal · 1 establishment unit since 2003
Ground area
1,651 m²
Building footprint
40 m²
Parcel 62314F0295/00T000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de la Baume 49, 4040 Herstal
since 2003unit no. 2.126.499.623
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62314F0295/00T000 | Wallonia | 1,651 m² | 1 · 40 m² | - |
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.
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