JTM
ActiveSummary
JTM has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €150k and a net result of €26k. Equity is growing by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 47% of 913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84=
Solvency60▲+6
Growth65▼-2
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.09 in 2024; short-term debt: 35.8% and cash: 0.9% of total assets), and 65.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
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
34.6%
Return on assets
5.9%
Age of the figures
9 mo
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 02-05-2026, 90 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
90 d early
2024
153 d early
2023
82 d early
2022
84 d early
2021
70 d early
2020
67 d early
2019
69 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€43k▼ 3.8%
2024 · €44k
2018: €36k
2019: €38k
2020: €38k
2021: €36k
2022: €38k
2023: €37k
2024: €44k
2018 → 2025
EBIT margin
90.1%▲ 4.0pp
2024 · 86.0%
2018: 75.7%
2019: 85.1%
2020: 82.8%
2021: 86.6%
2022: 79.4%
2023: 79.5%
2024: 86.0%
2018 → 2025
Net result
€26k▲ 2.2%
2024 · €25k
2018: €17k
2019: €21k
2020: €21k
2021: €24k
2022: €12k
2023: €17k
2024: €25k
2018 → 2025
Working capital
€-140k▲ 0.7%
2024 · €-141k
2018: €-104k
2019: €-115k
2020: €-119k
2021: €-118k
2022: €-131k
2023: €-139k
2024: €-141k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€36k-€38k▲ 5.8%€37k▼ 3.7%€44k▲ 20.7%€43k▼ 3.8%
Equity€70k-€82k▲ 16.6%€99k▲ 20.8%€124k▲ 25.2%€150k▲ 20.6%
Operating result€31k-€30k▼ 2.9%€29k▼ 3.6%€38k▲ 30.7%€38k▲ 0.7%
Net result€24k-€12k▼ 50.6%€17k▲ 46.5%€25k▲ 46.4%€26k▲ 2.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €433k
Fixed assets
€417k ▼ 0.1%
Current assets
€15k ▲ 13.3%
Equity and liabilities €433k
Equity
€150k ▲ 20.6%
Debt
€283k ▼ 7.9%
Debt's share of the balance-sheet total falls from 71.2% to 65.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39k▲
2024 · €39k
Cash flow
€26k▲
2024 · €26k
Current ratio
0.10▲
2024 · 0.09
Debt to equity
1.89▼
2024 · 2.47
ROE
17.1%▼
2024 · 20.1%
ROA
5.9%▲
2024 · 5.8%
Interest coverage
9.05▲
2024 · 8.12
Debt ≤ 1 year
€155k▲
2024 · €154k
Debt > 1 year
€128k▼
2024 · €153k
Income taxes
€9k▲
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€431k€433k▲
Fixed assets21/28€418k€417k▼
Tangible fixed assets22/27€416k€416k▼
Land and buildings22€416k€416k▼
Financial fixed assets28€2k€2k=
Current assets29/58€14k€15k▲
Amounts receivable within one year40/41€10k€11k▲
Trade receivables40€6k-
Other amounts receivable41€4k€11k▲
Cash at bank and in hand54/58€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€431k€433k▲
Equity10/15€124k€150k▲
Contributions10/11€8k€8k=
Reserves13€91k€116k▲
Distributable reserves133€91k€116k▲
Profit (loss) carried forward14€25k€26k▲
Amounts payable17/49€307k€283k▼
Amounts payable after more than one year17€153k€128k▼
Financial debts170/4€153k€128k▼
Amounts payable within one year42/48€154k€155k▲
Current portion of amounts payable after more than one year42€26k€25k▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€17k€19k▲
Taxes450/3€17k€19k▲
Other amounts payable47/48€108k€109k▲
Income statement
Code20242025
Turnover70€44k€43k▼
Non-recurring operating income76A-€2k
Goods, raw materials, services and sundry goods60/61€3k€4k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€547€547=
Other operating charges640/8€3k€2k▼
Gross operating margin9900€41k€41k▼
Operating profit (loss)9901€38k€38k▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€33k€34k▲
Income taxes67/77€8k€9k▲
Profit (loss) for the period9904€25k€26k▲
Profit (loss) for the period to be appropriated9905€25k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€42k€51k▲
Profit (loss) brought forward from the previous period14P€17k€25k▲
Transfer to equity691/2€17k€25k▲
To other reserves6921€17k€25k▲
The notes to these accounts (14 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
02-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €26k ▲2.2%
Operating result €38k, net result €26k, both a record.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €100kEq €124k ▲25.2%
7 profitable years in a row build equity to €124k.
10-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €12k ▼50.6%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
22-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Oostkamp · 1 establishment unit since 2016
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.
Legeweg 1418020 OostkampGround area
1,929 m²
Building footprint
466 m²
Volume, LiDAR
1,163 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JTM
since 20162.257.390.235
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31022A0130/00N000 | Flanders | 1,450 m² | 1 · 128 m² | 10.2 m · 2 fl. |
| 31022A0130/00E002 | Flanders | 480 m² | 1 · 338 m² | 6.8 m |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,420 EUR awarded · 2,420 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,420 EUR | 2,420 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Similar companies · same sector, comparable size
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EQUA
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Of 1,187 companies in sector 77399 we hold annual accounts for 710. 505 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
77399Renting and leasing of other machinery, equipment and tangible goods
77221Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.