JPB HORSES
ActiveJPB HORSES has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €446k and a net result of €-278k. Equity is shrinking by ~28.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 53% of 475 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
5
/ 100
Critical▼ -43 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency60▼-5
Growth68▲+16
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.28 against 0.29 in 2024), and 52% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
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
48%
Return on assets
-29.9%
Age of the figures
17 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
182122232425
2018 to 2025 · latest year -€278k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-09-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
38 d early
2023
50 d early
2022
21 d early
2021
18 d early
2019
53 d late
2018
11 d late
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
31-03-2026 close12-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
€130k▲ 8,035%
2022 · €2k
2022: €2k
2022 → 2025
EBIT margin
-213.3%▲ 23176.2pp
2022 · -23389.5%
2022: -23389.5%
2022 → 2025
Net result
€-278k▼ 162%
2024 · €-106k
2018: €197
2021: €-483k
2022: €-374k
2023: €-333k
2024: €-106k
2018 → 2025
Working capital
€-350k▼ 4.0%
2024 · €-337k
2018: €19k
2021: €-221k
2022: €-314k
2023: €-603k
2024: €-337k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2k€130k
Equity€1.54M-€1.16M▼ 24.3%€830k▼ 28.6%€724k▼ 12.8%€446k▼ 38.4%
Operating result€-482k-€-374k▲ 22.4%€-333k▲ 11.0%€-106k▲ 68.2%€-278k▼ 162%
Net result€-483k-€-374k▲ 22.4%€-333k▲ 11.0%€-106k▲ 68.1%€-278k▼ 162%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €278k in 2025 against €106k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €930k
Fixed assets
€796k▼ 24.9%
Current assets
€133k▼ 5.5%
Equity and liabilities €930k
Equity
€446k▼ 38.4%
Debt
€484k▲ 1.2%
The debt ratio rises from 39.8% to 52.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-49k▼
2024 · €131k
Cash flow
€-50k▼
2024 · €130k
Solvency
48.0%▼
2024 · 60.2%
Current ratio
0.28▼
2024 · 0.29
Quick ratio
0.28▼
2024 · 0.29
Debt / equity
1.09▲
2024 · 0.66
ROE
-62.3%▼
2024 · -14.7%
ROA
-29.9%▼
2024 · -8.8%
Interest coverage
-126.09▼
2024 · 455.16
Debt
€484k▲
2024 · €478k
Debt ≤ 1 year
€484k▲
2024 · €478k
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€1.20M€930k▼
Fixed assets21/28€1.06M€796k▼
Intangible fixed assets21€250€0▼
Tangible fixed assets22/27€1.06M€796k▼
Plant, machinery and equipment23€1.00M€754k▼
Furniture and vehicles24€56k€42k▼
Financial fixed assets28€800€800=
Other financial fixed assets284/8-€800
Amounts receivable and cash guarantees285/8-€800
Current assets29/58€141k€133k▼
Stocks and contracts in progress3-€0
Amounts receivable within one year40/41€117k€61k▼
Trade receivables40€54k€4k▼
Other amounts receivable41€62k€58k▼
Cash at bank and in hand54/58€20k€58k▲
Deferred charges and accrued income490/1€4k€14k▲
Equity and liabilities
Total equity and liabilities10/49€1.20M€930k▼
Equity10/15€724k€446k▼
Contributions10/11€44k€44k=
Reserves13€658k€658k=
Distributable reserves133€658k€658k=
Profit (loss) carried forward14€21k€-257k▼
Amounts payable17/49€478k€484k▲
Amounts payable within one year42/48€478k€484k▲
Trade debts44€29k€21k▼
Suppliers440/4€29k€21k▼
Other amounts payable47/48€450k€462k▲
Accrued charges and deferred income492/3-€52
Income statement
Code20242025
Operating income70/76A-€145k
Turnover70-€130k
Other operating income74-€3k
Non-recurring operating income76A€24k€12k▼
Operating charges60/66A-€423k
Services and other goods61-€170k
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€237k€228k▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€82k€24k▼
Gross operating margin9900€214k-
Operating profit (loss)9901€-106k€-278k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Other financial income752/9-€0
Financial charges65/66B€287€391▲
Recurring financial charges65€287€391▲
Other financial charges652/9-€391
Profit (loss) for the period before taxes9903€-106k€-278k▼
Profit (loss) for the period9904€-106k€-278k▼
Profit (loss) for the period to be appropriated9905€-106k€-278k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€-257k▼
Profit (loss) brought forward from the previous period14P€128k€21k▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (31 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-483k ▼245117%
Net result drops to €-483k, the lowest in the series; recovery starts the following year.
31-03
Financial
Equity above €1MEq €1.54M ▲7952%
Equity rises from €19k to €1.54M.
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 53 days late
2019
11-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 11 days late
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 3 days late
2016
21-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Oostkamp · 1 establishment unit since 1975
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.
Hoogveldstraat 78020 OostkampGround area
7,611 m²
Building footprint
906 m²
Volume, LiDAR
4,688 m³
Parcel 31037C0012/00L000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JPB HORSES
since 19752.037.980.490
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31037C0012/00L000 | Flanders | 7,611 m² | 1 · 906 m² | 6.8 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.
Similar companies · same sector, comparable size
GC STABLES
BE 0797.576.956
Schilde · Eq €443k
ADAMS - GOOSSENS
BE 0689.643.373
Ravels · Eq €452k
VM Sporthorses
BE 0542.810.020
Wuustwezel · Eq €439k
DE JOLIE
BE 0695.387.852
Oudsbergen · Eq €455k
Deluxe Sport Horses
BE 0767.816.465
Antwerpen · Eq €432k
Of 1,946 companies in sector 01430 we hold annual accounts for 739. 460 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-1975
Fiscal year end31-03
Activities, NACEBEL
01430Raising of horses and other equines
46231Wholesale of live animals
68110Buying and selling of own real estate
93127Equestrian clubs
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.jpbhorses.be
E-mail:info@jpbbuilding.be