JSD & CO
ActiveThe file of JSD & CO contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 2.8% (moderate). The 2024 annual accounts show equity of €16,381 and a net result of €883. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 28% of 6719 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability31▼-49
Solvency41▲+3
Growth68=
Track record85
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.44 against 0.62 in 2023; short-term debt: 83.7% and cash: 0.3% of total assets), and 83.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
16.3%
Return on assets
0.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-09-2025, 46 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
46 d late
2023
55 d late
2022
52 d late
2021
30 d late
2020
222 d late
2019
133 d 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 90 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€269,113▼ 12.7%
2023 · €308,298
EBIT margin
-6.2%▼ 9.1pp
2023 · 2.8%
Net result
€883▼ 26.5%
2023 · €1,201
Working capital
-€47,514▼ 32.8%
2023 · -€35,778
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€162,298▼ 34.0%€331,945▲ 105%€309,819▼ 6.7%€308,298▼ 0.5%€269,113▼ 12.7%
Operating result-€20,774€16,010€4,738▼ 70.4%€8,763▲ 85.0%-€16,786
Net result-€31,066€43,429-€4,796€1,201€883▼ 26.5%
EBIT margin-12.8%▼ 15.9pp4.8%▲ 17.6pp1.5%▼ 3.3pp2.8%▲ 1.3pp-6.2%▼ 9.1pp
Equity-€24,338€19,091€14,297▼ 25.1%€15,499▲ 8.4%€16,381▲ 5.7%
Total assets€174,476▼ 17.2%€167,832▼ 3.8%€152,969▼ 8.9%€122,526▼ 19.9%€100,650▼ 17.9%
Debt€198,814▼ 2.5%€148,741▼ 25.2%€138,672▼ 6.8%€107,028▼ 22.8%€84,268▼ 21.3%
Working capital-€95,590▼ 53.3%-€24,232▲ 74.6%-€57,490▼ 137%-€35,778▲ 37.8%-€47,514▼ 32.8%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €16,786 after €8,763 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €100,650
Fixed assets
€63,895 ▼ 1.6%
Current assets
€36,754 ▼ 36.2%
Equity and liabilities €100,650
Equity
€16,381 ▲ 5.7%
Debt
€84,268 ▼ 21.3%
Debt's share of the balance-sheet total falls from 87.4% to 83.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4,748▼
2023 · €62,320
Cash flow
€22,416▼
2023 · €54,758
Current ratio
0.44▼
2023 · 0.62
Debt to equity
5.14▼
2023 · 6.91
ROE
5.4%▼
2023 · 7.8%
ROA
0.9%▼
2023 · 1.0%
Interest coverage
1.56▼
2023 · 22.51
Debt ≤ 1 year
€84,268▼
2023 · €93,376
Staff costs
€76,303▼
2023 · €79,021
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,500 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.8% 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 497,058 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% | 1.6% |
| 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 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 4,500 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €162,298 | €331,945 | €309,819 | €308,298 | €269,113 | ▼ 12.7% |
| Goods, raw materials, services and sundry goods60/61 | - | €187,445 | €187,617 | €137,654 | €153,611 | ▲ 11.6% |
| Remuneration, social security and pensions62 | - | €56,042 | €46,779 | €79,021 | €76,303 | ▼ 3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,909 | €39,218 | €44,417 | €53,557 | €21,533 | ▼ 59.8% |
| Other operating charges640/8 | - | €33,229 | €26,269 | €29,303 | €34,452 | ▲ 17.6% |
| Gross operating margin9900 | €55,698 | €144,500 | €122,202 | €170,644 | €115,503 | ▼ 32.3% |
| Operating profit (loss)9901 | -€20,774 | €16,010 | €4,738 | €8,763 | -€16,786 | ▼ 292% |
| Financial income75/76B | - | €35,562 | €407 | €1 | €20,987 | ▲ 2,119,754% |
| Recurring financial income75 | - | €35,562 | €406 | €1 | €67 | ▲ 6,664% |
| Non-recurring financial income76B | - | €35,562 | €1 | €1 | €20,920 | ▲ 2,112,990% |
| Financial charges65/66B | - | €6,164 | €9,776 | €3,375 | €3,318 | ▼ 1.7% |
| Recurring financial charges65 | €10,293 | €3,883 | €2,277 | €2,768 | €3,049 | ▲ 10.1% |
| Non-recurring financial charges66B | - | €2,281 | €7,499 | €606 | €269 | ▼ 55.6% |
| Profit (loss) for the period before taxes9903 | -€31,066 | €45,409 | -€4,631 | €5,390 | €883 | ▼ 83.6% |
| Income taxes67/77 | - | €1,980 | €165 | €4,188 | - | - |
| Profit (loss) for the period9904 | -€31,066 | €43,429 | -€4,796 | €1,201 | €883 | ▼ 26.5% |
| Profit (loss) for the period to be appropriated9905 | -€31,066 | €43,429 | -€4,796 | €1,201 | €883 | ▼ 26.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €174,476 | €167,832 | €152,969 | €122,526 | €100,650 | ▼ 17.9% |
| Fixed assets21/28 | €114,161 | €86,744 | €118,485 | €64,928 | €63,895 | ▼ 1.6% |
| Tangible fixed assets22/27 | €105,161 | €77,744 | €104,485 | €50,928 | €49,895 | ▼ 2.0% |
| Furniture and vehicles24 | - | €30 | €3,262 | €2,091 | €920 | ▼ 56.0% |
| Leasing and similar rights25 | - | €77,714 | €101,223 | €48,837 | €48,975 | ▲ 0.3% |
| Financial fixed assets28 | €9,000 | €9,000 | €14,000 | €14,000 | €14,000 | = |
| Current assets29/58 | €60,315 | €81,088 | €34,484 | €57,598 | €36,754 | ▼ 36.2% |
| Amounts receivable within one year40/41 | €59,568 | €79,793 | €30,734 | €57,295 | €36,409 | ▼ 36.5% |
| Trade receivables40 | - | €79,793 | €30,655 | €55,815 | €36,409 | ▼ 34.8% |
| Other amounts receivable41 | - | - | €79 | €1,480 | - | - |
| Cash at bank and in hand54/58 | €747 | €1,295 | €3,750 | €303 | €345 | ▲ 14.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €174,476 | €167,832 | €152,969 | €122,526 | €100,650 | ▼ 17.9% |
| Equity10/15 | -€24,338 | €19,091 | €14,297 | €15,499 | €16,381 | ▲ 5.7% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Share premium1100/10 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€30,538 | €12,891 | €8,097 | €9,299 | €10,181 | ▲ 9.5% |
| Amounts payable17/49 | €198,814 | €148,741 | €138,672 | €107,028 | €84,268 | ▼ 21.3% |
| Amounts payable after more than one year17 | €42,909 | €43,421 | €46,698 | €13,652 | - | - |
| Financial debts170/4 | - | €43,421 | €46,698 | €13,652 | - | - |
| Amounts payable within one year42/48 | €155,905 | €105,320 | €91,974 | €93,376 | €84,268 | ▼ 9.8% |
| Current portion of amounts payable after more than one year42 | - | €38,737 | €52,204 | €35,301 | €20,620 | ▼ 41.6% |
| Trade debts44 | €79,919 | €32,311 | €37,430 | €37,124 | €33,785 | ▼ 9.0% |
| Suppliers440/4 | - | €32,311 | €37,430 | €37,124 | €33,785 | ▼ 9.0% |
| Taxes, remuneration and social security45 | - | €27,987 | €2,340 | €19,983 | €20,696 | ▲ 3.6% |
| Taxes450/3 | - | €19,043 | €1,110 | €2,270 | €10,423 | ▲ 359% |
| Remuneration and social security454/9 | - | €8,943 | €1,230 | €17,713 | €10,273 | ▼ 42.0% |
| Other amounts payable47/48 | - | €6,285 | - | €968 | €9,167 | ▲ 847% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,066 | €43,429 | -€4,796 | €1,201 | €883 | ▼ 26.5% |
| + Depreciation and write-downs630 | €59,909 | €39,218 | €44,417 | €53,557 | €21,533 | ▼ 59.8% |
| Operating cash flow (approximation) | €28,843 | €82,647 | €39,621 | €54,758 | €22,416 | ▼ 59.1% |
| Investment in fixed assets (approximation) | - | -€11,801 | -€76,158 | €0 | -€20,500 | - |
| Change in cash | - | €548 | €2,455 | -€3,447 | €42 | ▲ 101% |
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
2025
30-09
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Brussel · event 23-09-2025
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 46 days late
02-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 26-08-2025
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
31-12
Financial
Back to profitnet €1,201
Net result €1,201 after one loss-making year.
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 52 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
10-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 222 days late
2021
31-12
Financial
Back to profitnet €43,429
Net result €43,429 after one loss-making year.
2020
31-12
Financial
Weakest financial yearnet -€31,066
Net result drops to -€31,066, the lowest in the series; recovery starts the following year.
11-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 133 days late
2019
16-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 77 days late
04-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 157 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Brussel · 1 establishment unit since 2015
Ground area
1.5 ha
Building footprint
3,552 m²
Volume, LiDAR
107,160 m³
2 parcels, Brussels, Flanders · tallest building 61.6 m, ±9 floors. Linked by address, not a title deed.
109
companies at this address
See who is registered here
1 establishment unit
JSD & CO
since 20152.246.514.654
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813A0484/00G000 | Brussels | 9,776 m² | 1 · 3,052 m² | 61.6 m · 9 fl. |
| 23772B0101/00B000 | Flanders | 5,421 m² | 1 · 499 m² | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANIEK BERGMANS NINOOFSESTEENWEG 244,
1700 DILBEEK |
26-08-2025 → 23-09-2025 |
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 4,665 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
Founded05-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52250Logistics services
53100Postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0639898706
Also
9925:BE0639898706
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.