JM Retail

Active

Private limited companyfounded 199629 yrs activeChurchilllaan 69, 2900 Schoten, BelgiumKBO/BCE: BE 0459.276.291

JM Retail has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-172k) and a net result of €61k. Equity is shrinking by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 9% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2025

16 / 100

Critical▼ -4 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-100

Solvency38▲+1

Growth58▲+26

Stability100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.7 against 0.66 in 2024), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

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

-21.8%

Return on assets

7.8%

Age of the figures

18 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 10242 sector peers (2025).

NBB · sector comparison

Position among 10242 sector peers

Solvency

better than 9%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 18-11-2025, 18 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 filings

Deviation from the deadline

2025

18 d late

2024

90 d late

2023

9 d late

2022

110 d late

2021

30 d late

2019

67 d late

2018

82 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

Companies Code · seven months

Position in the running window

31-03-2026 close16-09-2026 today31-10-2026 deadline

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, abbreviated schema

Equity

€-172k▲ 26.3%

2024 · €-233k

2018: €13k 2019: €21k 2021: €-36k 2022: €-174k 2023: €-184k 2024: €-233k

2018 → 2025

Total assets

€789k▼ 7.8%

2024 · €856k

2018: €91k 2019: €60k 2021: €1.35M 2022: €901k 2023: €936k 2024: €856k

2018 → 2025

Net result

€61k

2024 · €-49k

2018: €-2k 2019: €8k 2021: €-57k 2022: €-138k 2023: €-23k 2024: €-49k

2018 → 2025

Working capital

€-213k▲ 21.0%

2024 · €-269k

2018: €13k 2019: €21k 2021: €-68k 2022: €-141k 2023: €-196k 2024: €-269k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€-36k-€-174k▼ 379%€-184k▼ 6.1%€-233k▼ 26.4%€-172k▲ 26.3%

Operating result€-43k-€-115k▼ 169%€-11k▲ 90.8%€-28k▼ 167%€77k

Net result€-57k-€-138k▼ 141%€-23k▲ 83.3%€-49k▼ 111%€61k

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €77k after a loss of €28k in 2024, the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €789k

36.1%

63.9%

Fixed assets €285k▼ 16.4%

Current assets €504k▼ 2.1%

Key figures and ratios

2025 value · change against 2024

EBITDA

€139k▲

2024 · €31k

Cash flow

€123k▲

2024 · €11k

Solvency

-21.8%▲

2024 · -27.2%

Current ratio

0.70▲

2024 · 0.66

Quick ratio

0.25▲

2024 · 0.25

Debt / equity

-5.59▼

2024 · -4.67

ROE

-35.6%▼

2024 · 20.9%

ROA

7.8%▲

2024 · -5.7%

Interest coverage

8.65▲

2024 · 1.54

Debt

€961k▼

2024 · €1.09M

Debt ≤ 1 year

€717k▼

2024 · €784k

Debt > 1 year

€239k▼

2024 · €299k

Staff costs

€570k▲

2024 · €557k

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€856k€789k▼

Fixed assets21/28€341k€285k▼

Intangible fixed assets21€218€69▼

Tangible fixed assets22/27€341k€283k▼

Plant, machinery and equipment23€303k€251k▼

Furniture and vehicles24€9k€6k▼

Other tangible fixed assets26€29k€25k▼

Financial fixed assets28-€2k

Current assets29/58€515k€504k▼

Stocks and contracts in progress3€322k€322k=

Stocks30/36€322k€322k=

Amounts receivable within one year40/41€15k€16k▲

Trade receivables40€7k-

Other amounts receivable41€9k€16k▲

Cash at bank and in hand54/58€158k€144k▼

Deferred charges and accrued income490/1€20k€22k▲

Equity and liabilities

Total equity and liabilities10/49€856k€789k▼

Equity10/15€-233k€-172k▲

Contributions10/11€19k€19k=

Reserves13€3k€3k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Tax-exempt reserves132€1k€1k=

Distributable reserves133€277€277=

Profit (loss) carried forward14€-255k€-194k▲

Amounts payable17/49€1.09M€961k▼

Amounts payable after more than one year17€299k€239k▼

Financial debts170/4€299k€239k▼

Amounts payable within one year42/48€784k€717k▼

Current portion of amounts payable after more than one year42€79k€107k▲

Trade debts44€584k€474k▼

Suppliers440/4€584k€474k▼

Taxes, remuneration and social security45€113k€123k▲

Taxes450/3€8k-

Remuneration and social security454/9€104k€123k▲

Other amounts payable47/48€8k€13k▲

Accrued charges and deferred income492/3€5k€5k=

Income statement Code20242025

Remuneration, social security and pensions62€557k€570k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€62k▲

Other operating charges640/8€17k€3k▼

Gross operating margin9900€606k€712k▲

Operating profit (loss)9901€-28k€77k▲

Financial income75/76B€5€131▲

Recurring financial income75€5€131▲

Financial charges65/66B€20k€16k▼

Recurring financial charges65€20k€16k▼

Profit (loss) for the period before taxes9903€-49k€61k▲

Profit (loss) for the period9904€-49k€61k▲

Profit (loss) for the period to be appropriated9905€-49k€61k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-255k€-194k▲

Profit (loss) brought forward from the previous period14P€-206k€-255k▼

Social balance

Average headcount (FTE)908713.814.3▲

The notes to these accounts (12 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

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-10-2026

2025

18-11

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 18 days late

31-03

Financial Back to profitnet €61k

Net result €61k after 4 loss-making years.

29-01

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 90 days late

2023

09-11

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 9 days late

18-02

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 110 days late

2022

31-03

Financial Weakest financial yearnet €-138k

Net result drops to €-138k, the lowest in the series; recovery starts the following year.

2021

30-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

2020

06-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 67 days late

2019

31-12

Financial Back to profitnet €8k

Net result €8k after one loss-making year.

21-10

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 82 days late

2018

21-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2016

28-06

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

2015

21-08

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema · 21 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2023

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

01-01-2023 Mark Adriaenssens: Resigned as Director

09-03-2022 Jimmy Faes: Resigned as Director

02-06-2016 Thomas Alliet: Resigned as Manager

06-03-2013 HERMANS Pieter Jan Frans: Resigned as Manager

Location & real-estate footprint

Registered office, Schoten · 1 establishment unit since 1996

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.

Churchilllaan 692900 Schoten

Ground area

430 m²