JTM
ActiveSummary
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.
Financials · fiscal year 2024, abbreviated schema
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Peer companies
Historical observationOf 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
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 497,450 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 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.
| Line | 2024 |
|---|---|
| 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 |
| Line | 2024 | |
|---|---|---|
| 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 | €0.003m | |
| Furniture and vehicles24 | €0.003m | |
| 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 | €0.03m | |
| Deferred charges and accrued income490/1 | €0.01m | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €5.4m | |
| Equity10/15 | €5.1m | |
| Contributions10/11 | €0.8m | |
| Capital10 | €0.8m | |
| Issued capital100 | €0.8m | |
| Reserves13 | €0.08m | |
| Non-distributable reserves130/1 | €0.08m | |
| Legal reserve130 | €0.08m | |
| Profit (loss) carried forward14 | €4.2m | |
| Amounts payable17/49 | €0.3m | |
| Amounts payable within one year42/48 | €0.3m | |
| Trade debts44 | €0.1m | |
| Suppliers440/4 | €0.1m | |
| Advances received on contracts in progress46 | €0.1m | |
| Taxes, remuneration and social security45 | €0.08m | |
| Taxes450/3 | €0.08m | |
| Other amounts payable47/48 | €0.001m | |
| Accrued charges and deferred income492/3 | €48 | |
| Line | 2024 |
|---|---|
| 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.