JST Management
ActiveJST Management is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (€-278k) and a net result of €-151k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 8018 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8018 sector peers (2025).
NBB · sector comparisonPosition among 8018 sector peers
Solvency
better than 5%
← weakest
strongest →
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 19-02-2026, 162 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
162 d early
2024
161 d early
2023
111 d early
2022
117 d early
2021
24 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-278k▼ 119%
2024 · €-127k
2021: €84
2022: €62k
2023: €171k
2024: €-127k
2021 → 2025
Net result
€-151k▲ 49.3%
2024 · €-298k
2021: €-2k
2022: €62k
2023: €110k
2024: €-298k
2021 → 2025
Total assets
€2.40M▲ 2.5%
2024 · €2.34M
2021: €68k
2022: €115k
2023: €254k
2024: €2.34M
2021 → 2025
Solvency
-11.6%▼ 6.2pp
2024 · -5.4%
2021: 0.1%
2022: 53.7%
2023: 67.4%
2024: -5.4%
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€84-€62k▲ 73,422%€171k▲ 177%€-127k€-278k▼ 119%
Operating result€-2k-€93k€151k▲ 61.9%€-291k€-135k▲ 53.6%
Net result€-2k-€62k€110k▲ 77.6%€-298k€-151k▲ 49.3%
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 €135k in 2025 against €291k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.40M
Fixed assets
€2.23M▲ 0.5%
Current assets
€176k▲ 37.3%
Key figures and ratios
Solvency
-11.6%▼
2024 · -5.4%
ROA
-6.3%▲
2024 · -12.7%
Debt
€2.68M▲
2024 · €2.47M
Debt ≤ 1 year
€75k▲
2024 · €69k
Debt > 1 year
€2.60M▲
2024 · €2.40M
Income taxes
€2k▼
2024 · €2k
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€2.34M€2.40M▲
Fixed assets21/28€2.21M€2.23M▲
Tangible fixed assets22/27€2.21M€2.23M▲
Land and buildings22€2.08M€2.03M▼
Plant, machinery and equipment23€112k€159k▲
Furniture and vehicles24€24k€33k▲
Current assets29/58€128k€176k▲
Stocks and contracts in progress3€2k€0▼
Stocks30/36€2k€0▼
Amounts receivable within one year40/41€115k€160k▲
Trade receivables40€373€48k▲
Other amounts receivable41€114k€112k▼
Cash at bank and in hand54/58€508€7k▲
Deferred charges and accrued income490/1€11k€9k▼
Equity and liabilities
Total equity and liabilities10/49€2.34M€2.40M▲
Equity10/15€-127k€-278k▼
Contributions10/11€3k€3k=
Reserves13€59k€59k=
Distributable reserves133€59k€59k=
Profit (loss) carried forward14€-189k€-340k▼
Amounts payable17/49€2.47M€2.68M▲
Amounts payable after more than one year17€2.40M€2.60M▲
Financial debts170/4€2.40M€2.60M▲
Amounts payable within one year42/48€69k€75k▲
Current portion of amounts payable after more than one year42-€50k
Trade debts44€2k€16k▲
Suppliers440/4€2k€16k▲
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€65k€7k▼
Income statement
Code20242025
Non-recurring operating income76A-€77
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€222k€68k▼
Other operating charges640/8€5k€5k▼
Gross operating margin9900€-64k€-62k▲
Operating profit (loss)9901€-291k€-135k▲
Financial income75/76B€6k€7k▲
Recurring financial income75€6k€7k▲
Financial charges65/66B€11k€21k▲
Recurring financial charges65€11k€21k▲
Profit (loss) for the period before taxes9903€-296k€-149k▲
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€-298k€-151k▲
Profit (loss) for the period to be appropriated9905€-298k€-151k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-298k€-340k▼
Profit (loss) brought forward from the previous period14P-€-189k
Transfer from equity791/2€110k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (10 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
2026
19-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-298k ▼372%
Net result drops to €-298k, the lowest in the series; recovery starts the following year.
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €110k ▲77.6%
Operating result €151k, net result €110k, both a record.
31-12
Financial
Equity above €150kEq €171k ▲177%
2 profitable years in a row build equity to €171k.
05-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €62k
Net result €62k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.67
Current ratio from 0.55 to 1.67; short-term debt falls from €68k to €53k.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Torhout · 2 establishment units since 2021
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.
Industrielaan 88820 TorhoutGround area
6,060 m²
Building footprint
511 m²
Volume, LiDAR
3,474 m³
2 parcels, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
JST Management
since 20212.319.137.069
terre de bois
since 20252.379.418.017
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31523F0825/00A000 | Flanders | 3,997 m² | 1 · 272 m² | 10.5 m · 2 fl. |
| 31522B0493/00V000 | Flanders | 2,062 m² | 1 · 239 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTorhout2.379.418.017
Similar companies · same sector, comparable size
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VGY
BE 0734.627.817
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EECKHAUT CONSULTING
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MASE INVEST
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 13,425 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-2021
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
01210Crop and animal production, hunting and related service activities
01500Mixed farming
01610Support activities for crop production
11020Manufacture of beverages
46341Wholesale of wines and spirits
47251Retail sale of wines and spirits
70100Activities of head offices
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.