JNCB
ActiveSummary
JNCB has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€10,476) and a net result of €32,103. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 8% of 7114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51 against 0.19 in 2024; short-term debt: 156.8% and cash: 76.2% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
-56.8%
Return on assets
174%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 7114 sector peers (2025).
NBB · sector comparisonPosition among 7114 sector peers
Solvency
better than 8%
← weakest
strongest →
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 13-04-2026, 109 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
109 d early
2024
94 d early
2023
30 d early
2022
41 d early
2021
41 d early
2020
36 d early
2019
30 d early
← 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 54 days before the deadline; the sector median for financial year 2024 is 6 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 20 June (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€10,476▲ 75.4%
2024 · -€42,579
Total assets
€18,453▲ 14.9%
2024 · €16,065
Net result
€32,103▲ 20.3%
2024 · €26,685
Working capital
-€14,040▲ 70.4%
2024 · -€47,501
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Line20212022202320242025
Operating result€14,285▼ 3.3%€14,920▲ 4.5%€15,405▲ 3.2%€27,190▲ 76.5%€32,579▲ 19.8%
Net result€12,174within the sector's middle half▲ 0.9%€13,371within the sector's middle half▲ 9.8%€14,259within the sector's middle half▲ 6.6%€26,685within the sector's middle half▲ 87.1%€32,103within the sector's middle half▲ 20.3%
Equity-€96,893below the sector's middle half▲ 11.2%-€83,522below the sector's middle half▲ 13.8%-€69,263below the sector's middle half▲ 17.1%-€42,579below the sector's middle half▲ 38.5%-€10,476below the sector's middle half▲ 75.4%
Total assets€28,977below the sector's middle half▼ 28.2%€18,447below the sector's middle half▼ 36.3%€11,672below the sector's middle half▼ 36.7%€16,065below the sector's middle half▲ 37.6%€18,453below the sector's middle half▲ 14.9%
Debt€125,870▼ 15.8%€101,969▼ 19.0%€80,935▼ 20.6%€58,643▼ 27.5%€28,928▼ 50.7%
Working capital-€106,716below the sector's middle half▲ 10.3%-€93,903below the sector's middle half▲ 12.0%-€72,858below the sector's middle half▲ 22.4%-€47,501below the sector's middle half▲ 34.8%-€14,040below the sector's middle half▲ 70.4%
Solvency-334.4%below the sector's middle half▼ 64.2pp-452.8%below the sector's middle half▼ 118.4pp-593.4%below the sector's middle half▼ 140.7pp-265.0%below the sector's middle half▲ 328.4pp-56.8%below the sector's middle half▲ 208.3pp
Current ratio0.08below the sector's middle half▼ 0.010.06below the sector's middle half▼ 0.010.10below the sector's middle half▲ 0.030.19below the sector's middle half▲ 0.090.51below the sector's middle half▲ 0.32
Return on assets (ROA)42.0%above the sector's middle half▲ 12.1pp72.5%above the sector's middle half▲ 30.5pp122.2%above the sector's middle half▲ 49.7pp166.1%above the sector's middle half▲ 43.9pp174.0%above the sector's middle half▲ 7.9pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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 risen four years in a row; 2025 is 20% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18,453
Fixed assets
€3,565 ▼ 27.6%
Current assets
€14,888 ▲ 33.6%
Key figures and ratios
EBITDA
€33,937▲
2024 · €28,338
Cash flow
€33,460▲
2024 · €27,832
Debt to equity
-2.76▼
2024 · -1.38
Interest coverage
195.70▲
2024 · 135.32
Debt ≤ 1 year
€28,928▼
2024 · €58,643
Income taxes
€303▲
2024 · €296
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 497,340 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 3,795 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,333 | €8,333 | €8,333 | €1,148 | €1,357 | ▲ 18.3% |
| Other operating charges640/8 | €1,592 | €1,660 | €1,646 | €1,133 | €975 | ▼ 13.9% |
| Gross operating margin9900 | €24,209 | €24,914 | €25,385 | €29,471 | €34,911 | ▲ 18.5% |
| Operating profit (loss)9901 | €14,285 | €14,920 | €15,405 | €27,190 | €32,579 | ▲ 19.8% |
| Financial income75/76B | €0 | - | €0 | €0 | - | - |
| Recurring financial income75 | €0 | - | €0 | €0 | - | - |
| Financial charges65/66B | €1,814 | €1,243 | €840 | €209 | €173 | ▼ 17.2% |
| Recurring financial charges65 | €1,814 | €1,243 | €840 | €209 | €173 | ▼ 17.2% |
| Profit (loss) for the period before taxes9903 | €12,470 | €13,677 | €14,565 | €26,981 | €32,406 | ▲ 20.1% |
| Income taxes67/77 | €297 | €306 | €306 | €296 | €303 | ▲ 2.2% |
| Profit (loss) for the period9904 | €12,174 | €13,371 | €14,259 | €26,685 | €32,103 | ▲ 20.3% |
| Profit (loss) for the period to be appropriated9905 | €12,174 | €13,371 | €14,259 | €26,685 | €32,103 | ▲ 20.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28,977 | €18,447 | €11,672 | €16,065 | €18,453 | ▲ 14.9% |
| Fixed assets21/28 | €20,262 | €11,929 | €3,595 | €4,922 | €3,565 | ▼ 27.6% |
| Tangible fixed assets22/27 | €20,205 | €11,872 | €3,538 | €4,865 | €3,508 | ▼ 27.9% |
| Furniture and vehicles24 | - | - | - | €1,859 | €1,034 | ▼ 44.4% |
| Leasing and similar rights25 | €15,602 | €7,801 | €0 | - | - | - |
| Other tangible fixed assets26 | €4,603 | €4,071 | €3,538 | €3,006 | €2,473 | ▼ 17.7% |
| Financial fixed assets28 | €57 | €57 | €57 | €57 | €57 | = |
| Current assets29/58 | €8,715 | €6,518 | €8,076 | €11,142 | €14,888 | ▲ 33.6% |
| Amounts receivable within one year40/41 | €0 | - | - | - | - | - |
| Trade receivables40 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €8,212 | €6,016 | €7,246 | €10,312 | €14,057 | ▲ 36.3% |
| Deferred charges and accrued income490/1 | €502 | €502 | €831 | €831 | €831 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28,977 | €18,447 | €11,672 | €16,065 | €18,453 | ▲ 14.9% |
| Equity10/15 | -€96,893 | -€83,522 | -€69,263 | -€42,579 | -€10,476 | ▲ 75.4% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€165,093 | -€151,722 | -€137,463 | -€110,779 | -€78,676 | ▲ 29.0% |
| Amounts payable17/49 | €125,870 | €101,969 | €80,935 | €58,643 | €28,928 | ▼ 50.7% |
| Amounts payable after more than one year17 | €10,439 | €1,547 | €0 | - | - | - |
| Financial debts170/4 | €10,439 | €1,547 | €0 | - | - | - |
| Amounts payable within one year42/48 | €115,431 | €100,422 | €80,935 | €58,643 | €28,928 | ▼ 50.7% |
| Current portion of amounts payable after more than one year42 | €8,254 | €8,892 | €1,547 | €0 | - | - |
| Trade debts44 | €1,180 | €1,488 | €1,513 | €767 | €1,249 | ▲ 62.7% |
| Suppliers440/4 | €1,180 | €1,488 | €1,513 | €767 | €1,249 | ▲ 62.7% |
| Taxes, remuneration and social security45 | €4,987 | €5,255 | €5,559 | €5,860 | €5,723 | ▼ 2.3% |
| Taxes450/3 | €4,987 | €5,255 | €5,559 | €5,860 | €5,723 | ▼ 2.3% |
| Other amounts payable47/48 | €101,011 | €84,786 | €72,315 | €52,015 | €21,956 | ▼ 57.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,174 | €13,371 | €14,259 | €26,685 | €32,103 | ▲ 20.3% |
| + Depreciation and write-downs630 | €8,333 | €8,333 | €8,333 | €1,148 | €1,357 | ▲ 18.3% |
| Operating cash flow (approximation) | €20,507 | €21,705 | €22,592 | €27,832 | €33,460 | ▲ 20.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,475 | €0 | ▲ 100% |
| Change in cash | - | -€2,196 | €1,230 | €3,066 | €3,745 | ▲ 22.2% |
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
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €32,103 ▲20.3%
Operating result €32,579, net result €32,103, both a record.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €3,329 ▼88.9%
Net result drops to €3,329, the lowest in the series; recovery starts the following year.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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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Directors · office · real estate
Directors
6 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, Braine-le-Château · 1 establishment unit since 2004
Ground area
718 m²
Building footprint
134 m²
Volume, LiDAR
675 m³
Parcel 25111B0070/00R003, Wallonia · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JNCB SA
since 20042.143.105.726
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25111B0070/00R003 | Wallonia | 718 m² | 1 · 134 m² | 7.0 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.
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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 13,417 companies in sector 73300 we hold annual accounts for 6,907. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-10-2004
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0867709342
Also
9925:BE0867709342
Registered
02-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.