JTCL
ActiveSummary
The computed 12-month bankruptcy probability of JTCL is 6.2% (elevated). The 2025 annual accounts show equity of €75,200 and a net result of €21,041. Equity is growing by ~40.9% per year across the filed fiscal years. Its solvency ranks better than 51% of 13604 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+5
Solvency57▲+12
Growth78=
Track record94
Bankruptcy probability, 12 months
6.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.13 against 0.21 in 2024; short-term debt: 46.4% of total assets), and 68.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
31.9%
Return on assets
8.9%
Age of the figures
9 mo
neutral · Filed after the deadline
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. 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 · 4 filingsDeviation from the deadline
2025
17 d late
2024
29 d late
2023
25 d late
2022
43 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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 28 August (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 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
€75,200▲ 38.8%
2024 · €54,160
Total assets
€235,467▼ 13.3%
2024 · €271,660
Net result
€21,041▲ 50.0%
2024 · €14,029
Working capital
-€95,417▲ 17.3%
2024 · -€115,383
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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
Line2022202320242025
Operating result-€33,157-€20,614€18,925▼ 8.2%€25,025▲ 32.2%
Net result-€35,749below the sector's middle half-€15,880within the sector's middle half€14,029within the sector's middle half▼ 11.7%€21,041within the sector's middle half▲ 50.0%
Equity€25,733within the sector's middle half-€40,131within the sector's middle half▲ 56.0%€54,160within the sector's middle half▲ 35.0%€75,200within the sector's middle half▲ 38.8%
Total assets€285,543above the sector's middle half-€296,221above the sector's middle half▲ 3.7%€271,660above the sector's middle half▼ 8.3%€235,467within the sector's middle half▼ 13.3%
Debt€259,810-€256,089▼ 1.4%€217,501▼ 15.1%€160,267▼ 26.3%
Working capital-€130,166below the sector's middle half--€137,291below the sector's middle half▼ 5.5%-€115,383below the sector's middle half▲ 16.0%-€95,417below the sector's middle half▲ 17.3%
Solvency9.0%within the sector's middle half-13.5%within the sector's middle half▲ 4.5pp19.9%within the sector's middle half▲ 6.4pp31.9%within the sector's middle half▲ 12.0pp
Current ratio0.13below the sector's middle half-0.17below the sector's middle half▲ 0.040.21below the sector's middle half▲ 0.040.13below the sector's middle half▼ 0.08
Return on assets (ROA)-12.5%below the sector's middle half-5.4%within the sector's middle half▲ 17.9pp5.2%within the sector's middle half▼ 0.2pp8.9%within the sector's middle half▲ 3.8pp
Staff (FTE)0.5-3.4▲ 580%4.2▲ 23.5%5.4▲ 28.6%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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 32% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €235,214
Fixed assets
€221,486 ▼ 8.1%
Current assets
€13,728 ▼ 54.6%
Equity and liabilities €235,467
Equity
€75,200 ▲ 38.8%
Debt
€160,267 ▼ 26.3%
Debt's share of the balance-sheet total falls from 80.1% to 68.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€61,153▲
2024 · €53,861
Cash flow
€57,169▲
2024 · €48,964
Quick ratio
0.03▼
2024 · 0.08
Debt to equity
2.13▼
2024 · 4.02
ROE
28.0%▲
2024 · 25.9%
Interest coverage
15.34▲
2024 · 11.00
Debt ≤ 1 year
€109,145▼
2024 · €145,622
Debt > 1 year
€51,123▼
2024 · €71,878
Staff costs
€74,257▲
2024 · €63,480
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 6.2% 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 497,662 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 39,276 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €11,644 | €72,976 | €63,480 | €74,257 | ▲ 17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,401 | €33,697 | €34,936 | €36,129 | ▲ 3.4% |
| Other operating charges640/8 | €1,374 | €2,011 | €1,809 | €1,916 | ▲ 6.0% |
| Gross operating margin9900 | €5,262 | €129,298 | €119,149 | €137,326 | ▲ 15.3% |
| Operating profit (loss)9901 | -€33,157 | €20,614 | €18,925 | €25,025 | ▲ 32.2% |
| Financial income75/76B | €29 | €68 | €1 | €1 | ▲ 20.0% |
| Recurring financial income75 | €29 | €68 | €1 | €1 | ▲ 20.0% |
| Financial charges65/66B | €2,621 | €4,803 | €4,898 | €3,985 | ▼ 18.6% |
| Recurring financial charges65 | €2,621 | €4,803 | €4,898 | €3,985 | ▼ 18.6% |
| Profit (loss) for the period before taxes9903 | -€35,749 | €15,880 | €14,029 | €21,041 | ▲ 50.0% |
| Profit (loss) for the period9904 | -€35,749 | €15,880 | €14,029 | €21,041 | ▲ 50.0% |
| Profit (loss) for the period to be appropriated9905 | -€35,749 | €15,880 | €14,029 | €21,041 | ▲ 50.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €285,543 | €296,221 | €271,660 | €235,467 | ▼ 13.3% |
| Formation expenses20 | €943 | €713 | €483 | €253 | ▼ 47.6% |
| Fixed assets21/28 | €265,397 | €267,868 | €240,938 | €221,486 | ▼ 8.1% |
| Intangible fixed assets21 | €129,038 | €115,088 | €101,138 | €87,188 | ▼ 13.8% |
| Tangible fixed assets22/27 | €135,444 | €149,135 | €132,828 | €127,560 | ▼ 4.0% |
| Plant, machinery and equipment23 | €1,329 | €2,292 | €1,755 | €3,677 | ▲ 109% |
| Furniture and vehicles24 | - | - | - | €3,631 | - |
| Other tangible fixed assets26 | €134,115 | €146,844 | €131,072 | €120,251 | ▼ 8.3% |
| Financial fixed assets28 | €915 | €3,646 | €6,973 | €6,739 | ▼ 3.3% |
| Current assets29/58 | €19,204 | €27,639 | €30,239 | €13,728 | ▼ 54.6% |
| Stocks and contracts in progress3 | - | €15,167 | €18,427 | €10,151 | ▼ 44.9% |
| Stocks30/36 | - | €15,167 | €18,427 | €10,151 | ▼ 44.9% |
| Amounts receivable within one year40/41 | €9,824 | €12,472 | €11,812 | €3,577 | ▼ 69.7% |
| Trade receivables40 | €9,824 | €11,941 | €8,235 | - | - |
| Other amounts receivable41 | - | €531 | €3,577 | €3,577 | = |
| Cash at bank and in hand54/58 | €9,380 | - | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €285,543 | €296,221 | €271,660 | €235,467 | ▼ 13.3% |
| Equity10/15 | €25,733 | €40,131 | €54,160 | €75,200 | ▲ 38.8% |
| Contributions10/11 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Profit (loss) carried forward14 | -€35,749 | -€19,869 | -€5,840 | €15,200 | ▲ 360% |
| Investment grants15 | €1,482 | - | - | - | - |
| Amounts payable17/49 | €259,810 | €256,089 | €217,501 | €160,267 | ▼ 26.3% |
| Amounts payable after more than one year17 | €110,440 | €91,159 | €71,878 | €51,123 | ▼ 28.9% |
| Financial debts170/4 | €110,440 | €91,159 | €71,878 | €51,123 | ▼ 28.9% |
| Amounts payable within one year42/48 | €149,370 | €164,930 | €145,622 | €109,145 | ▼ 25.0% |
| Current portion of amounts payable after more than one year42 | €18,805 | €19,281 | €19,281 | €20,268 | ▲ 5.1% |
| Financial debts43 | - | €11,007 | €19,939 | €19,206 | ▼ 3.7% |
| Credit institutions430/8 | - | €11,007 | €19,939 | €19,206 | ▼ 3.7% |
| Trade debts44 | - | €35,197 | €30,588 | €17,761 | ▼ 41.9% |
| Suppliers440/4 | - | €35,197 | €30,588 | €17,761 | ▼ 41.9% |
| Advances received on contracts in progress46 | - | - | - | €4,929 | - |
| Taxes, remuneration and social security45 | €10,252 | €29,277 | €22,940 | €19,081 | ▼ 16.8% |
| Taxes450/3 | €5,949 | €8,730 | €8,649 | €9,733 | ▲ 12.5% |
| Remuneration and social security454/9 | €4,303 | €20,547 | €14,291 | €9,348 | ▼ 34.6% |
| Other amounts payable47/48 | €120,312 | €70,169 | €52,875 | €27,899 | ▼ 47.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,749 | €15,880 | €14,029 | €21,041 | ▲ 50.0% |
| + Depreciation and write-downs630 | €25,401 | €33,697 | €34,936 | €36,129 | ▲ 3.4% |
| Operating cash flow (approximation) | -€10,348 | €49,576 | €48,964 | €57,169 | ▲ 16.8% |
| Investment in fixed assets (approximation) | - | -€36,169 | -€8,005 | -€16,677 | ▼ 108% |
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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
31-12
Financial
Highest result since 2022net €21,041 ▲50%
Operating result €25,025, net result €21,041, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
2023
31-12
Financial
Back to profitnet €15,880
Net result €15,880 after one loss-making year.
12-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 43 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Elsene · 1 establishment unit since 2022
Ground area
51 m²
Building footprint
51 m²
Volume, LiDAR
552 m³
Parcel 21442A0009/00Y003, Brussels · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Café Circus
since 20222.327.897.951
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21442A0009/00Y003 | Brussels | 51 m² | 1 · 51 m² | 16.1 m · 4 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.327.897.951
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Of 14,002 companies in sector 56301 we hold annual accounts for 4,896. 3,887 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
Founded08-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0781720129
Also
9925:BE0781720129
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.