JMN

Open bankruptcy

Private limited companyfounded 2019Avenue Georges-Truffaut 47, 4020 Liège, BelgiumKBO/BCE: BE 0730.775.036

A bankruptcy procedure is open for JMN according to publications in the Belgian State Gazette. The file additionally contains 2 judicial reorganisations. The 2022 annual accounts show negative equity (€-61k) and a net result of €-50k.

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Signals

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

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 19-09-2023, 50 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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

50 d late

2021

224 d late

2020

536 d late

2019

528 d late

← before the deadline after the 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 2022, micro schema

Turnover

€424k▲ 942%

2020 · €41k

2019: €16k 2020: €41k

2019 → 2022

EBIT margin

-8.4%▲ 62.5pp

2020 · -70.9%

2019: -8.9% 2020: -70.9%

2019 → 2022

Net result

€-50k

2021 · €11k

2019: €-1k 2020: €-29k 2021: €11k

2019 → 2022

Working capital

€-69k▼ 241%

2021 · €-20k

2019: €-506 2020: €-31k 2021: €-20k

2019 → 2022

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2019202020212022Trend

Turnover€16k-€41k▲ 154%€424k

Equity€7k-€-22k€-12k▲ 47.0%€-61k▼ 418%

Operating result€-1k-€-29k▼ 1,930%€11k€-36k

Net result€-1k-€-29k▼ 1,906%€11k€-50k

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

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2022: a loss of €36k after €11k in 2021, the lowest result in the available series.

Balance-sheet composition

2022 in colour, 2021 as the grey bar beneath

Assets €53k

14.4%

85.6%

Fixed assets €8k▼ 9.2%

Current assets €45k▼ 6.4%

Key figures and ratios

2022 value · change against 2021

EBITDA

€-34k▼

2021 · €13k

Cash flow

€-48k▼

2021 · €13k

Solvency

-116.0%▼

2021 · -20.9%

Current ratio

0.40▼

2021 · 0.71

Quick ratio

0.32▼

2021 · 0.57

Debt / equity

-1.86▲

2021 · -5.79

ROA

-93.6%▼

2021 · 18.5%

Interest coverage

-9.30▼

2021 · 22.59

Debt

€114k▲

2021 · €69k

Debt ≤ 1 year

€114k▲

2021 · €69k

Income taxes

€11k

Staff costs

€92k▲

2021 · €66k

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 · 2022 against 2021

Balance sheet Code20212022

Assets

Total assets20/58€57k€53k▼

Fixed assets21/28€8k€8k▼

Tangible fixed assets22/27€8k€7k▼

Plant, machinery and equipment23€983€716▼

Furniture and vehicles24€3k€3k▼

Other tangible fixed assets26€4k€4k▼

Financial fixed assets28-€500

Current assets29/58€48k€45k▼

Stocks and contracts in progress3€9k€9k▼

Stocks30/36€9k€9k▼

Amounts receivable within one year40/41€6k€10k▲

Trade receivables40€60€3k▲

Other amounts receivable41€6k€8k▲

Cash at bank and in hand54/58€34k€26k▼

Equity and liabilities

Total equity and liabilities10/49€57k€53k▼

Equity10/15€-12k€-61k▼

Contributions10/11€8k€8k=

Capital10€8k-

Issued capital100€8k-

Outside capital11-€8k

Other1109/19-€8k

Profit (loss) carried forward14€-20k€-69k▼

Amounts payable17/49€69k€114k▲

Amounts payable within one year42/48€69k€114k▲

Trade debts44€18k€74k▲

Suppliers440/4€18k€74k▲

Taxes, remuneration and social security45€43k€41k▼

Taxes450/3€3k€13k▲

Remuneration and social security454/9€39k€28k▼

Other amounts payable47/48€8k-

Income statement Code20212022

Turnover70-€424k

Goods, raw materials, services and sundry goods60/61-€364k

Remuneration, social security and pensions62€66k€92k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼

Other operating charges640/8€3k€2k▼

Gross operating margin9900€81k€60k▼

Operating profit (loss)9901€11k€-36k▼

Financial income75/76B€315€528▲

Recurring financial income75€315€528▲

Financial charges65/66B€575€4k▲

Recurring financial charges65€575€4k▲

Profit (loss) for the period before taxes9903€11k€-39k▼

Income taxes67/77-€11k

Profit (loss) for the period9904€11k€-50k▼

Profit (loss) for the period to be appropriated9905€11k€-50k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-20k€-69k▼

Profit (loss) brought forward from the previous period14P€-30k€-20k▲

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

All 9Signals 3Financial 2Filings 4

2025

14-10

Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Liège · JMN SRL PLACE GEORGES-ISTA 26, 4030 GRIVEGNEE (LIEGE) · event 06-10-2025

2023

19-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 50 days late

19-06

Judicial reorganisation Plan homologation

Tribunal de l’entreprise de Liège · 20230017 · event 13-06-2023

03-05

Judicial reorganisation Opening

Tribunal de l’entreprise de Liège · collectif · event 18-04-2023

12-03

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 224 days late

18-01

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 536 days late

2022

31-12

Financial Weakest financial yearnet €-50k ▼572%

Net result drops to €-50k, the lowest in the series.

10-01

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 528 days late

2021

31-12

Financial Back to profitnet €11k

Net result €11k after 2 loss-making years.

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

Directors · office · real estate

Directors

4 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, Liège · 1 establishment unit since 2019

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.

Avenue Georges-Truffaut 474020 Liège

Ground area

7,039 m²

Building footprint

2,745 m²

Volume, LiDAR

13,155 m³

Parcel 62809B0177/00T004, Wallonia · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

GLORIA RESTAURANT

Avenue Georges-Truffaut 47, 4020 LiègeLimited-service restaurants

since 20192.291.681.319

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62809B0177/00T004	Wallonia	7,039 m²	1 · 2,745 m²	11.6 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	JEAN-LUC PAQUOT AVENUE BLONDEN 33, 4000 LIEGE 1	06-10-2025 → present
Curator	PHILIPPE MOINEAU RUE LOUVREX 55, 4000 LIEGE 1- . 80098 MONITEUR BELGE — 14.10.2025 — BELGISCH STAATSBLAD	06-10-2025 → present