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JTM

Active
Public limited companyfounded 20233 yrs activeAn der Dell 11, 4780 Sankt Vith, BelgiumKBO/BCE: BE 0802.664.607
Summary

The computed 12-month bankruptcy probability of JTM is 2.8% (moderate). The 2024 annual accounts show equity of €5.1m and a net result of -€104,632. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability16
Solvency100
Growth-
Track record79
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €270,000 at 30 days only on tighter terms
Liquidity ample (current ratio 14.17; short-term debt: 5.1% and cash: 0.6% of total assets), and 5.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-11-2025, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 1 filing
Deviation from the deadline
2024
119 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2024 accounts 119 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

JTM was incorporated on 13 June 2023 as a Public limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€5.1m
Total assets
€5.4m
Net result
-€104,632
Working capital
€3.7m

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €5.4m
Fixed assets €1.5m
Current assets €4.0m
Equity and liabilities €5.4m
Equity €5.1m
Debt €278,812
Debt finances 5.1% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
-€58,630
Cash flow
-€52,461
Current ratio
14.17
Debt to equity
0.05
ROE
-2.0%
ROA
-1.9%
Interest coverage
-0.11
Debt ≤ 1 year
€278,764
Income taxes
€86,239

Peer companies

Historical observation

Of the 480 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss
0.8% went bankrupt
3.1% stopped otherwise
96% still going

A further 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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 480 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 · 2024 · 44 lines
Balance sheet Code2024
Assets
Total assets20/58€5.4m
Fixed assets21/28€1.5m
Tangible fixed assets22/27€1.5m
Land and buildings22€1.5m
Plant, machinery and equipment23€3,101
Furniture and vehicles24€3,067
Current assets29/58€4.0m
Amounts receivable within one year40/41€1.3m
Other amounts receivable41€1.3m
Current investments50/53€2.6m
Cash at bank and in hand54/58€30,046
Deferred charges and accrued income490/1€11,018
Equity and liabilities
Total equity and liabilities10/49€5.4m
Equity10/15€5.1m
Contributions10/11€833,840
Capital10€833,840
Issued capital100€833,840
Reserves13€83,384
Non-distributable reserves130/1€83,384
Legal reserve130€83,384
Profit (loss) carried forward14€4.2m
Amounts payable17/49€278,812
Amounts payable within one year42/48€278,764
Trade debts44€99,878
Suppliers440/4€99,878
Advances received on contracts in progress46€98,729
Taxes, remuneration and social security45€78,966
Taxes450/3€78,966
Other amounts payable47/48€1,190
Accrued charges and deferred income492/3€48
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52,171
Other operating charges640/8€647
Gross operating margin9900-€57,983
Operating profit (loss)9901-€110,800
Financial income75/76B€609,916
Recurring financial income75€609,916
Financial charges65/66B€517,508
Recurring financial charges65€517,508
Profit (loss) for the period before taxes9903-€18,393
Income taxes67/77€86,239
Profit (loss) for the period9904-€104,632
Profit (loss) for the period to be appropriated9905-€104,632
Appropriation of the result
Profit (loss) to be appropriated9906€4.2m
Profit (loss) brought forward from the previous period14P€4.3m

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52,171
Other operating charges640/8€647
Gross operating margin9900-€57,983
Operating profit (loss)9901-€110,800
Financial income75/76B€609,916
Recurring financial income75€609,916
Financial charges65/66B€517,508
Recurring financial charges65€517,508
Profit (loss) for the period before taxes9903-€18,393
Income taxes67/77€86,239
Profit (loss) for the period9904-€104,632
Profit (loss) for the period to be appropriated9905-€104,632
Line2024
Assets
Total assets20/58€5.4m
Fixed assets21/28€1.5m
Tangible fixed assets22/27€1.5m
Land and buildings22€1.5m
Plant, machinery and equipment23€3,101
Furniture and vehicles24€3,067
Current assets29/58€4.0m
Amounts receivable within one year40/41€1.3m
Other amounts receivable41€1.3m
Current investments50/53€2.6m
Cash at bank and in hand54/58€30,046
Deferred charges and accrued income490/1€11,018
Equity and liabilities
Total equity and liabilities10/49€5.4m
Equity10/15€5.1m
Contributions10/11€833,840
Capital10€833,840
Issued capital100€833,840
Reserves13€83,384
Non-distributable reserves130/1€83,384
Legal reserve130€83,384
Profit (loss) carried forward14€4.2m
Amounts payable17/49€278,812
Amounts payable within one year42/48€278,764
Trade debts44€99,878
Suppliers440/4€99,878
Advances received on contracts in progress46€98,729
Taxes, remuneration and social security45€78,966
Taxes450/3€78,966
Other amounts payable47/48€1,190
Accrued charges and deferred income492/3€48
Line2024
Profit (loss) for the period9904-€104,632
+ Depreciation and write-downs630€52,171
Operating cash flow (approximation)-€52,461

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

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Timeline · acts, filings and financial milestones

2025
27-11
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 119 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
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, Sankt Vith · 1 establishment unit since 2023
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.

An der Dell 114780 Sankt Vith
1 establishment unit
JTM
An der Dell 11, 4780 Sankt VithFinancial service activities, except insurance and pension funding
since 20232.379.455.134

Recognitions · licences · registrations

Legal Entity Identifier

875500JGQV6GYTSHJJ79
live in the LEI register

Identification & contact

Identification
Legal formPublic limited company
Founded13-06-2023
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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

Register as of 28 September 2026 · Peppol Directory

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