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JRL ALGAE

Active
Public limited companyfounded 2019active for 7 yearsRue Alphonse Collette 63, 4910 Theux, BelgiumKBO/BCE: BE 0721.764.825
Summary

JRL ALGAE has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63,325 and a net result of €36,315. Equity is shrinking by about 9.3% per year across the filed financial years. Its solvency ranks better than 89% of 349 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Electricity, gas, steam and air conditioning supply
NACE 35140
1 site
Size
≈ €140,000turnover 2025, estimated
Equity
€63,325
Profit
€36,315
Turnover estimated from the gross margin
Financial health
99 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
2025 accounts filed 17 days late1 of 2 deeds summarised
Why 99raises riskSize: total assets €75,244lowers riskLiquidity: current ratio 5.69, cash €67,817Equity €63,325 (84.2% of total assets)Sector: Electricity, gas, steam and air conditioning supply (NACE 35)Show the evidence

Checked score

Score 2025
99 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 91% of its sector peers (NACE 35, micro)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 84.2% of total assets
Liquidity 96-4
short-term debt 15.8% · cash 90.1%
Profitability 100+97
return on assets 48.3%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (542 companies, NACE 35, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.1%▼ -0.1 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.3%▲ +0.1 percentage points vs 07-2026highest value 09-2026: < 0.1%▼ -0.3 percentage points vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity ample (current ratio 5.69, above the usual 1.5; short-term debt: 15.8% and cash: 90.1% of total assets), and 15.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 35, micro): better than 88% on solvency, 88% on liquidity, 96% on profitability and 95% on growth.

The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises risk
lowers risk · Liquidity: current ratio 5.69, cash €67,817
NBB · annual accounts
lowers risk · Equity €63,325 (84.2% of total assets)
NBB · annual accounts
lowers risk · Sector: Electricity, gas, steam and air conditioning supply (NACE 35)
KBO
raises risk · Size: total assets €75,244
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
202122232425
2020 to 2025 · latest year €63,325
raises risk · 2025 accounts filed 17 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filings
Deviation from the deadline
2025
17 days late
2024
28 days late
2023
26 days late
2022
30 days late
2021
27 days late
2020
12 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 23 days after the deadline; the sector median (NACE 35) for financial year 2024 is 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Back to profitnet €36,315
  3. Annual accounts filedfinancial year 2024 · micro…

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (17 days) Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00405922.

Turnover
≈ €140,000
Estimated: probably between €74,000 and €260,000
Total assets
€75,244▲ 179%
2024 · €27,010
Net result
€36,315
2024 · -€3,459
Working capital
€55,904▲ 167%
2021 · €20,950
Trend over the years

2021 to 2025, 5 financial years 2020 to 2025, 6 financial years

The operating result returns to profit in 2025: €36,523 after a loss of €3,241 in 2024, the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€36,523 2025 Net result€36,315 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 35, Electricity, gas, steam and air conditioning supply: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line202020212022202320242025
Operating result-€19,407--€5,589▲ 71.2%-€3,011▲ 46.1%-€3,054▼ 1.4%-€3,241▼ 6.1%€36,523
Net result-€19,635below the sector's middle half--€5,880below the sector's middle half▲ 70.1%-€3,238below the sector's middle half▲ 44.9%-€3,277below the sector's middle half▼ 1.2%-€3,459within the sector's middle half▼ 5.6%€36,315within the sector's middle half
Equity€42,865within the sector's middle half-€36,985within the sector's middle half▼ 13.7%€33,747within the sector's middle half▼ 8.8%€30,469within the sector's middle half▼ 9.7%€27,010within the sector's middle half▼ 11.4%€63,325within the sector's middle half▲ 134%
Total assets€43,247below the sector's middle half-€37,333below the sector's middle half▼ 13.7%€33,747below the sector's middle half▼ 9.6%€30,469below the sector's middle half▼ 9.7%€27,010below the sector's middle half▼ 11.4%€75,244below the sector's middle half▲ 179%
Debt€383-€348▼ 9.2%€11,919
Working capital€24,676within the sector's middle half-€20,950within the sector's middle half▼ 15.1%€55,904within the sector's middle half
Solvency99.1%above the sector's middle half-99.1%above the sector's middle half=100.0%above the sector's middle half▲ 0.9pp100.0%above the sector's middle half=100.0%above the sector's middle half=84.2%above the sector's middle half▼ 15.8pp
Current ratio65.50above the sector's middle half-61.29above the sector's middle half▼ 4.215.69above the sector's middle half
Return on assets (ROA)-45.4%below the sector's middle half--15.7%below the sector's middle half▲ 29.7pp-9.6%below the sector's middle half▲ 6.2pp-10.8%below the sector's middle half▼ 1.2pp-12.8%below the sector's middle half▼ 2.1pp48.3%above the sector's middle half▲ 61.1pp
above within below the middle half of NACE 35, Electricity, gas, steam and air conditioning supply: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75,244
Fixed assets €7,421 ▼ 22.5%
Current assets €67,823 ▲ 289%
Equity and liabilities €75,244
Equity €63,325
Debt €11,919
Debt finances 15.8% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€38,677▲
2024 · -€1,087
Cash flow
€38,469▲
2024 · -€1,306
Debt to equity
0.19
ROE
57.3%▲
2024 · -12.8%
Interest coverage
over 100▲
2024 · -4.97
Debt ≤ 1 year
€11,919
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,972 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 94.9% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
94.9% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 0.9%
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 74.5% 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 26,972 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€27,010€75,244▲
Fixed assets21/28€9,575€7,421▼
Intangible fixed assets21€9,575€7,421▼
Current assets29/58€17,435€67,823▲
Amounts receivable within one year40/41€6€6=
Other amounts receivable41€6€6=
Cash at bank and in hand54/58€17,429€67,817▲
Equity and liabilities
Total equity and liabilities10/49€27,010€75,244▲
Equity10/15€27,010€63,325▲
Contributions10/11€62,500€62,500=
Capital10€62,500€62,500=
Issued capital100€62,500€62,500=
Profit (loss) carried forward14-€35,490€825▲
Amounts payable17/49-€11,919
Amounts payable within one year42/48-€11,919
Taxes, remuneration and social security45-€9,524
Taxes450/3-€9,524
Other amounts payable47/48-€2,395
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,154€2,154=
Other operating charges640/8-€300
Gross operating margin9900-€1,087€38,977▲
Operating profit (loss)9901-€3,241€36,523▲
Financial charges65/66B€219€208▼
Recurring financial charges65€219€208▼
Profit (loss) for the period before taxes9903-€3,459€36,315▲
Profit (loss) for the period9904-€3,459€36,315▲
Profit (loss) for the period to be appropriated9905-€3,459€36,315▲
Appropriation of the result
Profit (loss) to be appropriated9906-€35,490€825▲
Profit (loss) brought forward from the previous period14P-€32,031-€35,490▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,378€2,154€2,154€2,154€2,154€2,154=
Other operating charges640/8-----€300-
Gross operating margin9900-€14,029-€3,436-€857-€901-€1,087€38,977-
Operating profit (loss)9901-€19,407-€5,589-€3,011-€3,054-€3,241€36,523-
Financial charges65/66B-€290€228€223€219€208▼ 4.7%
Recurring financial charges65€229€290€228€223€219€208▼ 4.7%
Profit (loss) for the period before taxes9903-€19,635-€5,880-€3,238-€3,277-€3,459€36,315-
Profit (loss) for the period9904-€19,635-€5,880-€3,238-€3,277-€3,459€36,315-
Profit (loss) for the period to be appropriated9905-€19,635-€5,880-€3,238-€3,277-€3,459€36,315-
Line202020212022202320242025Change
Assets
Total assets20/58€43,247€37,333€33,747€30,469€27,010€75,244▲ 179%
Fixed assets21/28€18,189€16,036€13,882€11,728€9,575€7,421▼ 22.5%
Intangible fixed assets21€18,189€16,036€13,882€11,728€9,575€7,421▼ 22.5%
Current assets29/58€25,058€21,297€19,865€18,741€17,435€67,823▲ 289%
Amounts receivable within one year40/41€8,933€9,570€89€184€6€6=
Other amounts receivable41-€9,570€89€184€6€6=
Cash at bank and in hand54/58€16,125€11,727€19,776€18,557€17,429€67,817▲ 289%
Equity and liabilities
Total equity and liabilities10/49€43,247€37,333€33,747€30,469€27,010€75,244▲ 179%
Equity10/15€42,865€36,985€33,747€30,469€27,010€63,325▲ 134%
Contributions10/11€62,500€62,500€62,500€62,500€62,500€62,500=
Capital10-€62,500€62,500€62,500€62,500€62,500=
Issued capital100-€62,500€62,500€62,500€62,500€62,500=
Profit (loss) carried forward14-€19,635-€25,515-€28,753-€32,031-€35,490€825-
Amounts payable17/49€383€348---€11,919-
Amounts payable within one year42/48€383€348---€11,919-
Trade debts44€383€348-----
Suppliers440/4-€348-----
Taxes, remuneration and social security45-----€9,524-
Taxes450/3-----€9,524-
Other amounts payable47/48-----€2,395-
Line202020212022202320242025Change
Profit (loss) for the period9904-€19,635-€5,880-€3,238-€3,277-€3,459€36,315-
+ Depreciation and write-downs630€5,378€2,154€2,154€2,154€2,154€2,154=
Operating cash flow (approximation)-€14,258-€3,726-€1,085-€1,124-€1,306€38,469-
Investment in fixed assets (approximation)-€0€0€0€0€0-
Change in cash--€4,398€8,049-€1,219-€1,128€50,387-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (6)
Financial year Type Filed Reference
31-12-2025 abbreviated format 17-08-2026 2026-00405922
31-12-2024 micro format 28-08-2025 2025-00440108
31-12-2023 micro format 26-08-2024 2024-00384845
31-12-2022 micro format 30-08-2023 2023-00417323
31-12-2021 micro format 27-08-2022 2022-20399184
31-12-2020 micro format 12-08-2021 2021-49000326

Similar companies · same sector, comparable size

Of the 560 active companies whose main activity is electricity, gas, steam and air conditioning supply (NACE 35140), figures are known for 269. 138 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
no sitting director read yet, last change in 2025
No directors read yet: 1 of 2 Gazette acts processed. See the directors and other office holders in the KBO →

Mandate history

1 person since 2025, 0 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
WILLAMME Rémi Jean
  • Director, until 11-03-2025
See the board, name and registered office on a given date →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 1 March 2019, JRL ALGAE was incorporated.1 Total assets went from €43,247 in 2020 to €75,244 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2020 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
17-08
NBB filing Annual accounts filed
financial year 2025 · abbreviated format · 17 days late
2025
31-12
Financial Back to profitnet €36,315
Net result €36,315 after 5 loss-making years.
28-08
NBB filing Annual accounts filed
financial year 2024 · micro format · 28 days late
15-04
Gazette deed Resignation: WILLAMME Rémi Jean (director)
Amendment of the articles · Director discharge · Power of attorney6 facts ▸
  • General meeting, 11-04-2025
  • Other provision, 11-04-2025
  • Amendment of the articles, 3
  • Director resignation, WILLAMME Rémi Jean (director)
  • Director discharge, WILLAMME Rémi Jean (director)
  • Power of attorney
2024
26-08
NBB filing Annual accounts filed
financial year 2023 · micro format · 26 days late
2023
30-08
NBB filing Annual accounts filed
financial year 2022 · micro format · 30 days late
2022
27-08
NBB filing Annual accounts filed
financial year 2021 · micro format · 27 days late
2021
12-08
NBB filing Annual accounts filed
financial year 2020 · micro format · 12 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 2 deeds read
About the unread acts

Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPublic limited company
Founded01-03-2019
Financial year end31-12
Activities, NACEBEL 2025
35140Electricity, gas, steam and air conditioning supply
03220Fishing and aquaculture
10890Manufacture of food products
46389Wholesale of other food products
71121Engineering and related technical consultancy, excluding land surveyors
72101Research and development on biotechnology
E-invoicing
Reachable via Peppol
Peppol ID 0208:0721764825
Registered 18-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 31 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Theux · 1 establishment unit since 2019
registered office establishment The establishment unit on the map
Ground area
580 m²
Building footprint
184 m²
Building volume
1,694 m³
Parcel 63060C0178/00G000, Wallonia · tallest building 11.8 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
FYKI
Rue Alphonse Collette 63, 4910 TheuxElectricity, gas, steam and air conditioning supply
since 2019unit no. 2.288.461.216
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
63060C0178/00G000 Wallonia 580 m² 1 · 184 m² 11.8 m · 3
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

PurposeThe activities the company may carry out under its articles.
“La pêche et l’aquaculture ; l’aquaculture en mer ou en eau douce; La culture d'algues et autres plantes aquatiques comestibles; La culture…” (deed in French)
14 activities (deed in French)
  1. La pêche et l’aquaculture ; l’aquaculture en mer ou en eau douce ;
  2. La culture d'algues et autres plantes aquatiques comestibles ;
  3. La culture de plantes à usage pharmaceutique ou insecticide,parasiticide ou similaire ;
  4. La fabrication de compléments alimentaires et de produits alimentaires enrichis de vitamines,protéines,etc ;
  5. La recherche-développement en biotechnologie ;
  6. La production,le transport et la distribution d’énergie électrique,chaleur et dérivés,ainsi que toutes les activités connexes,pour toutes les applications actuelles et futures quelles qu’elles soient.La gestion et l’exploitation à cette fin de toutes les installations dont elle est propriétaire ou qui lui sont apportés en usage ;
  7. La vente au détail,en demi gros ou en gros,également par correspondance ou internet,import-export,de toutes denrées et produits alimentaires et végétaux,y compris poissons,crustacés et mollusques,de compléments alimentaires,de boissons de toutes sortes,de produits de parfumerie,de produits de beauté,de produits d’hygiène,etc.Cette liste n’est pas limitative ;
  8. L’entreprise et les applications générales de l’électricité ;
  9. L’étude,la réalisation,fabrication,montage de toutes installations électriques et de tous travaux y afférents,dans le domaine industriel,dans le secteur public ou privé ;
  10. Les travaux d’installations électriques au sens large,d’éclairage,de force motrice,de réseaux ordinateurs,de téléphonie (notamment l’installation de câblage et de fibre optique),de systèmes d’alarme,de contrôle d’accès de tableaux informatiques,de câblages d’armoires électriques,de domotique,d’autonation et de distribution,sans que cette énumération soit limitative,mais au contraire exemplative,pour autant que ces activités aient un rapport direct ou indirect avec les applications de l’électricité ;
  11. L’assemblage,la conception,la création,la prise de brevets et de licences,l’achat,la vente,l’importation et l’exportation en gros ou au détail de matériels,appareils et accessoires ayant un rapport direct ou indirect avec les applications électriques (tout appareils et articles électro-ménagers,tout matériels électroniques,tout matériels de sécurité,tout appareils,machines et articles électriques,tout matériels radiophoniques,sans que cette énumération soit exhaustive) ;
  12. L’achat,la vente,l’importation,l’exportation,le placement,la réparation,la maintenance l’entretien d’installations électriques diverses (y compris le chauffage électrique),d’appareils électriques de toute nature,d’articles de lustrerie,d’éclairage,de matériel radio-électrique,de parlophonie et de vidéophonie ;
  13. Les activités d’ingénieries et de conseils techniques sauf les activités de géomètres ;
  14. La prestation de conseils,la consultance au sens large et la formation en matière d'ingénierie informatique,scientifique,commerciale,humaine,environnementale et des sciences du milieu ;

The full purpose is in the deed

Read from the deeds: 1 provision, deed of 15-04-2025