JPWD
ActiveSummary
JPWD has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30,500 and a net result of €45,766. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 39% of 1325 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+4
Solvency32=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.68 in 2024; short-term debt: 28.1% and cash: 3.3% of total assets), and 93% of the assets are financed with debt.
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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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
7%
Return on assets
10.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
6 d early
2021
32 d early
2020
3 d early
2019
21 d late
← 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 3 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% 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 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 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
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€30,500=
2024 · €30,500
Total assets
€433,061▲ 2.7%
2024 · €421,640
Net result
€45,766▲ 50.1%
2024 · €30,499
Working capital
-€36,922▼ 12.3%
2024 · -€32,864
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, 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€5,996▼ 51.9%€24,658▲ 311%€99,406▲ 303%€52,940▼ 46.7%€73,466▲ 38.8%
Net result€473within the sector's middle half▼ 92.3%€14,000within the sector's middle half▲ 2,862%€72,691above the sector's middle half▲ 419%€30,499above the sector's middle half▼ 58.0%€45,766above the sector's middle half▲ 50.1%
Equity€31,881within the sector's middle half▲ 67.7%€30,881within the sector's middle half▼ 3.1%€73,571within the sector's middle half▲ 138%€30,500within the sector's middle half▼ 58.5%€30,500within the sector's middle half=
Total assets€56,797below the sector's middle half▲ 115%€84,633below the sector's middle half▲ 49.0%€284,940within the sector's middle half▲ 237%€421,640within the sector's middle half▲ 48.0%€433,061within the sector's middle half▲ 2.7%
Debt€24,916▲ 238%€53,752▲ 116%€211,369▲ 293%€391,140▲ 85.1%€402,561▲ 2.9%
Working capital€26,712within the sector's middle half▲ 57.0%€24,654within the sector's middle half▼ 7.7%€36,033above the sector's middle half▲ 46.2%-€32,864within the sector's middle half-€36,922within the sector's middle half▼ 12.3%
Solvency56.1%above the sector's middle half▼ 15.9pp36.5%within the sector's middle half▼ 19.6pp25.8%within the sector's middle half▼ 10.7pp7.2%within the sector's middle half▼ 18.6pp7.0%within the sector's middle half▼ 0.2pp
Current ratio2.58above the sector's middle half▼ 0.731.63within the sector's middle half▼ 0.951.61within the sector's middle half▼ 0.020.68within the sector's middle half▼ 0.930.70within the sector's middle half▲ 0.01
Return on assets (ROA)0.8%within the sector's middle half▼ 22.4pp16.5%above the sector's middle half▲ 15.7pp25.5%above the sector's middle half▲ 9.0pp7.2%above the sector's middle half▼ 18.3pp10.6%above the sector's middle half▲ 3.3pp
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, 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 recovers in 2025; 2025 is 39% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €433,061
Fixed assets
€348,364 ▼ 0.7%
Current assets
€84,698 ▲ 19.6%
Equity and liabilities €433,061
Equity
€30,500 =
Debt
€402,561 ▲ 2.9%
Debt's share of the balance-sheet total rises from 92.8% to 93.0%. Debt is higher.
Key figures and ratios
EBITDA
€90,348▼
2024 · €96,433
Cash flow
€62,648▼
2024 · €73,992
Debt to equity
13.20▲
2024 · 12.82
ROE
150.1%▲
2024 · 100.0%
Interest coverage
6.39▼
2024 · 7.68
Debt ≤ 1 year
€121,620▲
2024 · €103,677
Debt > 1 year
€280,778▼
2024 · €286,440
Income taxes
€13,558▲
2024 · €9,890
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,338 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% | 1.9% |
| 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 2,153 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 | €4,524 | €3,080 | €14,415 | €43,493 | €16,883 | ▼ 61.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,585 | - |
| Other operating charges640/8 | €829 | €6,024 | €1,479 | €2,100 | €16,510 | ▲ 686% |
| Gross operating margin9900 | €11,348 | €33,761 | €115,300 | €98,533 | €108,443 | ▲ 10.1% |
| Operating profit (loss)9901 | €5,996 | €24,658 | €99,406 | €52,940 | €73,466 | ▲ 38.8% |
| Financial income75/76B | - | €3 | €2 | - | €5 | - |
| Recurring financial income75 | - | €3 | €2 | - | €5 | - |
| Financial charges65/66B | €1,980 | €2,812 | €6,331 | €12,552 | €14,147 | ▲ 12.7% |
| Recurring financial charges65 | €1,980 | €2,812 | €6,331 | €12,552 | €14,147 | ▲ 12.7% |
| Profit (loss) for the period before taxes9903 | €4,016 | €21,849 | €93,078 | €40,389 | €59,324 | ▲ 46.9% |
| Income taxes67/77 | €3,543 | €7,849 | €20,387 | €9,890 | €13,558 | ▲ 37.1% |
| Profit (loss) for the period9904 | €473 | €14,000 | €72,691 | €30,499 | €45,766 | ▲ 50.1% |
| Profit (loss) for the period to be appropriated9905 | €473 | €14,000 | €72,691 | €30,499 | €45,766 | ▲ 50.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €56,797 | €84,633 | €284,940 | €421,640 | €433,061 | ▲ 2.7% |
| Fixed assets21/28 | €13,189 | €21,118 | €190,118 | €350,827 | €348,364 | ▼ 0.7% |
| Tangible fixed assets22/27 | €13,189 | €21,118 | €190,118 | €350,827 | €348,364 | ▼ 0.7% |
| Land and buildings22 | - | - | €170,516 | €334,758 | €325,138 | ▼ 2.9% |
| Furniture and vehicles24 | €13,189 | €21,118 | €19,602 | €16,069 | €21,513 | ▲ 33.9% |
| Other tangible fixed assets26 | - | - | - | - | €1,713 | - |
| Current assets29/58 | €43,608 | €63,515 | €94,823 | €70,813 | €84,698 | ▲ 19.6% |
| Amounts receivable within one year40/41 | €11,997 | €40,173 | €59,035 | €59,564 | €58,414 | ▼ 1.9% |
| Trade receivables40 | €11,990 | €39,615 | €39,678 | €39,341 | €51,304 | ▲ 30.4% |
| Other amounts receivable41 | €7 | €558 | €19,357 | €20,223 | €7,110 | ▼ 64.8% |
| Cash at bank and in hand54/58 | €31,061 | €13,549 | €27,061 | €7,029 | €14,436 | ▲ 105% |
| Deferred charges and accrued income490/1 | €550 | €9,792 | €8,726 | €4,220 | €11,848 | ▲ 181% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €56,797 | €84,633 | €284,940 | €421,640 | €433,061 | ▲ 2.7% |
| Equity10/15 | €31,881 | €30,881 | €73,571 | €30,500 | €30,500 | = |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €12,234 | €12,234 | €54,971 | €11,900 | €11,900 | = |
| Non-distributable reserves130/1 | €334 | €334 | - | - | - | - |
| Reserves not available under the articles1311 | €334 | €334 | - | - | - | - |
| Distributable reserves133 | €11,900 | €11,900 | €54,971 | €11,900 | €11,900 | = |
| Profit (loss) carried forward14 | €1,047 | €47 | - | - | - | - |
| Amounts payable17/49 | €24,916 | €53,752 | €211,369 | €391,140 | €402,561 | ▲ 2.9% |
| Amounts payable after more than one year17 | €7,360 | €13,591 | €152,079 | €286,440 | €280,778 | ▼ 2.0% |
| Financial debts170/4 | €7,360 | €13,591 | €152,079 | €286,440 | €280,778 | ▼ 2.0% |
| Amounts payable within one year42/48 | €16,896 | €38,861 | €58,789 | €103,677 | €121,620 | ▲ 17.3% |
| Current portion of amounts payable after more than one year42 | €3,203 | €3,613 | €8,952 | €17,321 | €18,263 | ▲ 5.4% |
| Trade debts44 | €3,365 | €3,175 | €3,042 | €3,165 | €2,651 | ▼ 16.3% |
| Suppliers440/4 | €3,365 | €3,175 | €3,042 | €3,165 | €2,651 | ▼ 16.3% |
| Advances received on contracts in progress46 | - | €436 | - | - | - | - |
| Taxes, remuneration and social security45 | €9,435 | €14,454 | €16,023 | €10,791 | €12,527 | ▲ 16.1% |
| Taxes450/3 | €9,435 | €14,454 | €16,023 | €10,311 | €11,247 | ▲ 9.1% |
| Remuneration and social security454/9 | - | - | - | €480 | €1,280 | ▲ 167% |
| Other amounts payable47/48 | €893 | €17,182 | €30,773 | €72,400 | €88,179 | ▲ 21.8% |
| Accrued charges and deferred income492/3 | €660 | €1,300 | €500 | €1,023 | €163 | ▼ 84.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €473 | €14,000 | €72,691 | €30,499 | €45,766 | ▲ 50.1% |
| + Depreciation and write-downs630 | €4,524 | €3,080 | €14,415 | €43,493 | €16,883 | ▼ 61.2% |
| Operating cash flow (approximation) | €4,997 | €17,080 | €87,105 | €73,992 | €62,648 | ▼ 15.3% |
| Investment in fixed assets (approximation) | - | -€11,009 | -€183,414 | -€204,202 | -€14,419 | ▲ 92.9% |
| Change in cash | - | -€17,512 | €13,512 | -€20,032 | €7,406 | ▲ 137% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €72,691 ▲419%
Operating result €99,406, net result €72,691, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €473 ▼92.3%
Net result drops to €473, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Esneux · 1 establishment unit since 2018
Ground area
1,249 m²
Building footprint
94 m²
Parcel 62032E0228/00L000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
JPWD
since 20182.283.740.581
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62032E0228/00L000 | Wallonia | 1,249 m² | 1 · 94 m² | - |
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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Of 3,007 companies in sector 55203 we hold annual accounts for 694. 466 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43211General electrical installation work
43212Electrical installation work in industrial facilities
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43320Joinery installation
43331Floor and wall tiling
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
43343Specialised construction activities
43410Roofing work
43421Specialised construction activities
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0716748242
Also
9925:BE0716748242
Registered
01-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.