JRC
ActiveSummary
JRC has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €351,051 and a net result of -€15,368. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 75% of 409 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▲+3
Solvency94▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 2.52 against 2.37 in 2024; short-term debt: 25.6% and cash: 24.4% of total assets), and 30.9% of the assets are financed with debt.
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Signals
Four 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Manufacture of furniture (NACE 31)
about 43% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€15,368
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-03-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
30 d early
2023
27 d early
2022
33 d early
2021
50 d early
2020
30 d early
2019
3 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 30 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#3 oldest company in Koksijde, Manufacturing sector#6 company by equity in Koksijde, Manufacturing sector#10 company by total assets in Koksijde, Manufacturing sector
Equity
€351,051▼ 4.2%
2024 · €366,419
Total assets
€507,768▼ 8.1%
2024 · €552,352
Net result
-€15,368▲ 25.9%
2024 · -€20,729
Working capital
€197,960▼ 3.5%
2024 · €205,161
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 31, Manufacture of furniture, 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€11,560€1,862▼ 83.9%€319,889▲ 17,081%-€17,053-€12,326▲ 27.7%
Net result-€1,410within the sector's middle half▲ 92.7%-€10,931below the sector's middle half▼ 675%€251,491above the sector's middle half-€20,729below the sector's middle half-€15,368below the sector's middle half▲ 25.9%
Equity€146,589above the sector's middle half▼ 1.0%€135,657above the sector's middle half▼ 7.5%€387,148above the sector's middle half▲ 185%€366,419above the sector's middle half▼ 5.4%€351,051above the sector's middle half▼ 4.2%
Total assets€418,841above the sector's middle half▼ 6.1%€394,512above the sector's middle half▼ 5.8%€647,467above the sector's middle half▲ 64.1%€552,352above the sector's middle half▼ 14.7%€507,768above the sector's middle half▼ 8.1%
Debt€259,402▼ 8.0%€249,429▼ 3.8%€254,428▲ 2.0%€181,595▼ 28.6%€153,840▼ 15.3%
Working capital-€187,948below the sector's middle half▲ 6.8%-€188,212below the sector's middle half▼ 0.1%€220,789above the sector's middle half€205,161above the sector's middle half▼ 7.1%€197,960above the sector's middle half▼ 3.5%
Solvency35.0%within the sector's middle half▲ 1.8pp34.4%within the sector's middle half▼ 0.6pp59.8%within the sector's middle half▲ 25.4pp66.3%above the sector's middle half▲ 6.5pp69.1%within the sector's middle half▲ 2.8pp
Current ratio0.05below the sector's middle half=0.04below the sector's middle half=2.05within the sector's middle half▲ 2.012.37within the sector's middle half▲ 0.332.52within the sector's middle half▲ 0.15
Return on assets (ROA)-0.3%within the sector's middle half▲ 4.0pp-2.8%within the sector's middle half▼ 2.4pp38.8%above the sector's middle half▲ 41.6pp-3.8%within the sector's middle half▼ 42.6pp-3.0%below the sector's middle half▲ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 31, Manufacture of furniture, 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 stays negative: a loss of €12,326 in 2025 against €17,053 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €507,768
Fixed assets
€179,803 ▼ 9.1%
Current assets
€327,966 ▼ 7.5%
Equity and liabilities €507,768
Equity
€351,051 ▼ 4.2%
Provisions
€2,877 ▼ 33.7%
Debt
€153,840 ▼ 15.3%
Debt's share of the balance-sheet total falls from 32.9% to 30.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5,730▲
2024 · €1,003
Cash flow
€2,688▲
2024 · -€2,674
Debt to equity
0.44▼
2024 · 0.50
ROE
-4.4%▲
2024 · -5.7%
Interest coverage
0.41▲
2024 · 0.07
Debt ≤ 1 year
€130,006▼
2024 · €149,332
Debt > 1 year
€21,436▼
2024 · €32,263
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 8,616 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 | €26,966 | €26,591 | €18,124 | €18,055 | €18,055 | = |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€1,455 | -€1,769 | - | - | - |
| Other operating charges640/8 | - | €4,118 | €8,326 | €4,271 | €3,266 | ▼ 23.5% |
| Gross operating margin9900 | €41,870 | €31,116 | €344,570 | €5,274 | €8,996 | ▲ 70.6% |
| Operating profit (loss)9901 | €11,560 | €1,862 | €319,889 | -€17,053 | -€12,326 | ▲ 27.7% |
| Financial income75/76B | - | €1 | €0 | €10,699 | €11,028 | ▲ 3.1% |
| Recurring financial income75 | - | €1 | €0 | €10,699 | €11,028 | ▲ 3.1% |
| Financial charges65/66B | - | €12,794 | €12,863 | €14,376 | €14,070 | ▼ 2.1% |
| Recurring financial charges65 | €12,970 | €12,794 | €12,863 | €14,376 | €14,070 | ▼ 2.1% |
| Profit (loss) for the period before taxes9903 | -€1,410 | -€10,931 | €307,026 | -€20,729 | -€15,368 | ▲ 25.9% |
| Income taxes67/77 | - | - | €55,535 | - | - | - |
| Profit (loss) for the period9904 | -€1,410 | -€10,931 | €251,491 | -€20,729 | -€15,368 | ▲ 25.9% |
| Profit (loss) for the period to be appropriated9905 | -€1,410 | -€10,931 | €251,491 | -€20,729 | -€15,368 | ▲ 25.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €418,841 | €394,512 | €647,467 | €552,352 | €507,768 | ▼ 8.1% |
| Fixed assets21/28 | €409,882 | €386,504 | €215,914 | €197,858 | €179,803 | ▼ 9.1% |
| Tangible fixed assets22/27 | €409,882 | €386,504 | €215,914 | €197,858 | €179,803 | ▼ 9.1% |
| Land and buildings22 | - | €362,903 | €196,764 | €183,160 | €169,557 | ▼ 7.4% |
| Plant, machinery and equipment23 | - | €23,601 | €19,150 | €14,698 | €10,246 | ▼ 30.3% |
| Current assets29/58 | €8,959 | €8,007 | €431,553 | €354,494 | €327,966 | ▼ 7.5% |
| Amounts receivable within one year40/41 | €391 | €739 | €4,102 | €3,210 | €3,760 | ▲ 17.1% |
| Trade receivables40 | - | - | €3,023 | - | €451 | - |
| Other amounts receivable41 | - | €739 | €1,079 | €3,210 | €3,308 | ▲ 3.1% |
| Current investments50/53 | - | - | €300,000 | €300,000 | €200,000 | ▼ 33.3% |
| Cash at bank and in hand54/58 | €4,372 | €2,800 | €127,228 | €50,347 | €123,907 | ▲ 146% |
| Deferred charges and accrued income490/1 | - | €4,469 | €223 | €937 | €299 | ▼ 68.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €418,841 | €394,512 | €647,467 | €552,352 | €507,768 | ▼ 8.1% |
| Equity10/15 | €146,589 | €135,657 | €387,148 | €366,419 | €351,051 | ▼ 4.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €127,989 | €117,057 | €368,548 | €347,819 | €332,451 | ▼ 4.4% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | - | €2,080 | €2,080 | €2,080 | €2,080 | = |
| Distributable reserves133 | - | €113,118 | €366,468 | €345,739 | €330,371 | ▼ 4.4% |
| Provisions and deferred taxes16 | €12,851 | €9,425 | €5,891 | €4,338 | €2,877 | ▼ 33.7% |
| Provisions for liabilities and charges160/5 | - | €9,425 | €5,891 | €4,338 | €2,877 | ▼ 33.7% |
| Environmental obligations163 | - | €9,425 | €5,891 | €4,338 | €2,877 | ▼ 33.7% |
| Amounts payable17/49 | €259,402 | €249,429 | €254,428 | €181,595 | €153,840 | ▼ 15.3% |
| Amounts payable after more than one year17 | €61,433 | €52,229 | €42,520 | €32,263 | €21,436 | ▼ 33.6% |
| Financial debts170/4 | - | €52,229 | €42,520 | €32,263 | €21,436 | ▼ 33.6% |
| Amounts payable within one year42/48 | €196,907 | €196,220 | €210,764 | €149,332 | €130,006 | ▼ 12.9% |
| Current portion of amounts payable after more than one year42 | - | €9,205 | €9,709 | €10,256 | €10,827 | ▲ 5.6% |
| Trade debts44 | €6,192 | €4,024 | €4,806 | €6,271 | €719 | ▼ 88.5% |
| Suppliers440/4 | - | €4,024 | €4,806 | €6,271 | €719 | ▼ 88.5% |
| Advances received on contracts in progress46 | - | €5,530 | - | €1,095 | - | - |
| Taxes, remuneration and social security45 | - | - | €25,535 | €131 | €807 | ▲ 514% |
| Taxes450/3 | - | - | €25,535 | €131 | €807 | ▲ 514% |
| Other amounts payable47/48 | - | €177,461 | €170,714 | €131,578 | €117,653 | ▼ 10.6% |
| Accrued charges and deferred income492/3 | - | €981 | €1,144 | - | €2,398 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,410 | -€10,931 | €251,491 | -€20,729 | -€15,368 | ▲ 25.9% |
| + Depreciation and write-downs630 | €26,966 | €26,591 | €18,124 | €18,055 | €18,055 | = |
| Operating cash flow (approximation) | €25,556 | €15,660 | €269,615 | -€2,674 | €2,688 | ▲ 201% |
| Investment in fixed assets (approximation) | - | -€3,214 | €152,466 | €0 | €0 | - |
| Change in cash | - | -€1,571 | €124,428 | -€76,881 | €73,560 | ▲ 196% |
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
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €251,491
Net result €251,491 after 5 loss-making years.
30-09
Financial
Liquidity times 50current ratio 2.05
Current ratio from 0.04 to 2.05.
30-09
Financial
Equity above €200,000Eq €387,148 ▲185%
Equity rises from €135,657 to €387,148.
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet -€31,867
Net result drops to -€31,867, the lowest in the series; recovery starts the following year.
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Koksijde · 1 establishment unit since 1997
Ground area
1,050 m²
Building footprint
414 m²
Volume, LiDAR
2,224 m³
2 parcels, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JRC
since 19972.034.912.817
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38343B0105/00F002 | Flanders | 623 m² | 1 · 159 m² | 8.7 m · 2 fl. |
| 38025A0070/00H005 | Flanders | 427 m² | 1 · 255 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 618 companies in sector 31002 we hold annual accounts for 348. 277 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
Founded04-02-1988
Fiscal year end30-09
Activities, NACEBEL 2025
31002Manufacture of furniture
43331Floor and wall tiling
43350Other building finishing work
47789Other retail sale of new goods
77229Renting and leasing of other personal and household goods
79110Travel agency activities
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433301572
Also
9925:BE0433301572
Registered
25-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.