JMDV
ActiveSummary
JMDV has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€11,019) and a net result of -€1,777. Equity is shrinking by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 14% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▼-2
Solvency17▼-2
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.61 against 0.78 in 2024; short-term debt: 9.5% and cash: 5.3% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
-8.1%
Return on assets
-1.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€11,019
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 16-07-2026, 15 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
15 d early
2024
36 d early
2023
27 d early
2022
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 9 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€11,019▼ 19.2%
2024 · -€9,242
Total assets
€135,570▼ 7.4%
2024 · €146,349
Net result
-€1,777▼ 1,935%
2024 · -€87
Working capital
-€5,040▼ 80.2%
2024 · -€2,796
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€5,507-€2,633€2,110▼ 19.9%€278▼ 86.8%
Net result-€10,436below the sector's middle half-€281within the sector's middle half-€87within the sector's middle half-€1,777within the sector's middle half▼ 1,935%
Equity-€9,436below the sector's middle half--€9,155below the sector's middle half▲ 3.0%-€9,242below the sector's middle half▼ 1.0%-€11,019below the sector's middle half▼ 19.2%
Total assets€164,078within the sector's middle half-€155,649within the sector's middle half▼ 5.1%€146,349within the sector's middle half▼ 6.0%€135,570within the sector's middle half▼ 7.4%
Debt€173,514-€164,804▼ 5.0%€155,591▼ 5.6%€146,589▼ 5.8%
Working capital€14,058within the sector's middle half-€12,793within the sector's middle half▼ 9.0%-€2,796within the sector's middle half-€5,040within the sector's middle half▼ 80.2%
Solvency-5.8%below the sector's middle half--5.9%below the sector's middle half▼ 0.1pp-6.3%below the sector's middle half▼ 0.4pp-8.1%below the sector's middle half▼ 1.8pp
Current ratio2.14within the sector's middle half-2.01within the sector's middle half▼ 0.130.78within the sector's middle half▼ 1.230.61within the sector's middle half▼ 0.17
Return on assets (ROA)-6.4%below the sector's middle half-0.2%within the sector's middle half▲ 6.5pp-0.1%within the sector's middle half▼ 0.2pp-1.3%within the sector's middle half▼ 1.3pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 87% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €135,570
Fixed assets
€127,715 ▼ 6.5%
Current assets
€7,855 ▼ 19.8%
Key figures and ratios
EBITDA
€9,120▼
2024 · €9,690
Cash flow
€7,065▼
2024 · €7,492
Debt to equity
-13.30▲
2024 · -16.84
Interest coverage
4.24▲
2024 · 4.20
Debt ≤ 1 year
€12,895▲
2024 · €12,589
Debt > 1 year
€133,694▼
2024 · €143,003
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
4.6%
went bankrupt
5.5%
stopped otherwise
88%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,570 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.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,327 | €7,449 | €7,580 | €8,842 | ▲ 16.7% |
| Other operating charges640/8 | - | €889 | €924 | €953 | ▲ 3.2% |
| Gross operating margin9900 | €5,820 | €10,971 | €10,614 | €10,073 | ▼ 5.1% |
| Operating profit (loss)9901 | -€5,507 | €2,633 | €2,110 | €278 | ▼ 86.8% |
| Financial income75/76B | €207 | €81 | €111 | €95 | ▼ 15.0% |
| Recurring financial income75 | €207 | €81 | €111 | €95 | ▼ 15.0% |
| Financial charges65/66B | €5,136 | €2,433 | €2,309 | €2,149 | ▼ 6.9% |
| Recurring financial charges65 | €5,136 | €2,433 | €2,309 | €2,149 | ▼ 6.9% |
| Profit (loss) for the period before taxes9903 | -€10,436 | €281 | -€87 | -€1,777 | ▼ 1,935% |
| Profit (loss) for the period9904 | -€10,436 | €281 | -€87 | -€1,777 | ▼ 1,935% |
| Profit (loss) for the period to be appropriated9905 | -€10,436 | €281 | -€87 | -€1,777 | ▼ 1,935% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €164,078 | €155,649 | €146,349 | €135,570 | ▼ 7.4% |
| Fixed assets21/28 | €137,658 | €130,209 | €136,557 | €127,715 | ▼ 6.5% |
| Tangible fixed assets22/27 | €137,658 | €130,209 | €136,557 | €127,715 | ▼ 6.5% |
| Land and buildings22 | €137,658 | €130,209 | €122,759 | €115,310 | ▼ 6.1% |
| Plant, machinery and equipment23 | - | - | €13,798 | €12,405 | ▼ 10.1% |
| Current assets29/58 | €26,420 | €25,440 | €9,792 | €7,855 | ▼ 19.8% |
| Amounts receivable within one year40/41 | - | - | €2,869 | - | - |
| Other amounts receivable41 | - | - | €2,869 | - | - |
| Cash at bank and in hand54/58 | €26,420 | €25,440 | €6,923 | €7,195 | ▲ 3.9% |
| Deferred charges and accrued income490/1 | - | - | - | €660 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €164,078 | €155,649 | €146,349 | €135,570 | ▼ 7.4% |
| Equity10/15 | -€9,436 | -€9,155 | -€9,242 | -€11,019 | ▼ 19.2% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€10,436 | -€10,155 | -€10,242 | -€12,019 | ▼ 17.3% |
| Amounts payable17/49 | €173,514 | €164,804 | €155,591 | €146,589 | ▼ 5.8% |
| Amounts payable after more than one year17 | €161,152 | €152,156 | €143,003 | €133,694 | ▼ 6.5% |
| Financial debts170/4 | €161,152 | €152,156 | €143,003 | €133,694 | ▼ 6.5% |
| Amounts payable within one year42/48 | €12,362 | €12,647 | €12,589 | €12,895 | ▲ 2.4% |
| Current portion of amounts payable after more than one year42 | €8,851 | €8,995 | €9,154 | €9,309 | ▲ 1.7% |
| Trade debts44 | €483 | €483 | €75 | - | - |
| Suppliers440/4 | €483 | €483 | €75 | - | - |
| Taxes, remuneration and social security45 | €152 | €292 | - | €261 | - |
| Taxes450/3 | €152 | €292 | - | €261 | - |
| Other amounts payable47/48 | €2,876 | €2,876 | €3,360 | €3,325 | ▼ 1.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,436 | €281 | -€87 | -€1,777 | ▼ 1,935% |
| + Depreciation and write-downs630 | €11,327 | €7,449 | €7,580 | €8,842 | ▲ 16.7% |
| Operating cash flow (approximation) | €891 | €7,731 | €7,492 | €7,065 | ▼ 5.7% |
| Investment in fixed assets (approximation) | - | €0 | -€13,928 | €0 | ▲ 100% |
| Change in cash | - | -€980 | -€18,517 | €272 | ▲ 101% |
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
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €281
Net result €281 after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not 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
1 act for this company is 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, Malle · 1 establishment unit since 2021
Ground area
1,103 m²
Building footprint
157 m²
Volume, LiDAR
809 m³
Parcel 11032B0198/00D000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JMDV
since 20212.318.241.602
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11032B0198/00D000 | Flanders | 1,102 m² | 1 · 157 m² | 8.8 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 and region
ASK - Romein Holding
BE 0434.862.084
Malle
BRIDLED
BE 0447.233.841
Malle
Casem
BE 0779.308.787
Malle
COBO
BE 0886.591.579
Malle
ENGEBO
BE 0428.421.383
Malle
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
46842Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0769444877
Also
9925:BE0769444877
Registered
02-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.