JTM
ActiveSummary
The computed 12-month bankruptcy probability of JTM is 2.9% (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 Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €5.1m
- Loss
- -€104,632
Why 51raises risk1 change of registered office in 24 months1 financial year not filed after the legal deadline; last filed accounts filed 119 days late; 1 of the last 3 lateFigures for financial year 2024 (filed 28-11-2025)lowers riskSize: total assets €5.4mShow the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small): better than 82% on solvency, 56% on liquidity and 7% on profitability.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
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.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · abbreviated…
- GesellschaftssitzRegistered-office move
- IncorporationPermanent representative: Alain KOHNEN ·…
Financials · financial year 2024, abbreviated format
2024 annual accounts filed late (119 days) Filed on 27 November 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00571776.
Turnover and EBIT margin not published: the abbreviated format 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 95.8% 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: 2.9% 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 497,445 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% | 0.9% |
| 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 74.5% 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.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 27-11-2025 | 2025-00571776 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MEYER Thomas |
|
Owners and capital
Capital and shareholders
- MEYER Thomas 500 shares · 100%
- Joma (BE 0441.220.930)
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 15-06-2023 Incorporation · €833,839.50 · 500 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
29-07
Gazette deed
GesellschaftssitzRegistered-office move2 facts ▸
- General meeting, 10-07-2025
- Registered-office move, 4780 Sankt-Vith, An der Dell 11/1/1
15-06
Gazette deed
IncorporationPermanent representative: Alain KOHNEN · Appointment: MEYER Thomas (verwalter) · Demerger16 facts ▸
- Demerger, “Aufspaltung durch Einbringung gesamten Aktiv- und Passivvermögens an zwei neue Gesellschaften, Aufspaltung durch Gründung von zwei neuen Aktiengesellschaften” (deed in German) (2 times)
- Other provision, “Generalversammlung, Verzicht auf Berichte” (deed in German)
- Net-asset statement, “Bilanz”, EUR (deed in German)
- Capital contribution
- Accounting effect, 01-01-2023
- Incorporation, 09-06-2023
- Founder, MEYER Thomas (aktionär der joma)
- Capital, €833,839.50
- Auditor report, “Buchwert der Aktiva und Passiva in Büchern der gespaltenen Gesellschaft, Unterlagen nicht mindestens einen Monat vorher,Bericht nicht 15 Tage vorher übermittelt…” (deed in German)
- Permanent representative, Alain KOHNEN (verwalter)
- Shareholding, 500, 100
- Other provision, “asymmetrische Spaltung, nicht im Verhältnis zu Rechten am Kapital” (deed in German)
- +4 further facts in this act
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the KBO register.
An der Dell 114780 Sankt Vith1 establishment unit
Articles of association
What the company does
- Name clauseThe name the company operates under according to its articles.
- JTM
- Legal form clauseThe legal form, such as BV, NV or CV, which decides which company-law rules apply.
- “Aktiengesellschaft” (deed in German)
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “Einladungen zu den Generalversammlungen Die ordentliche Generalversammlung tritt jährlich dritten Mittwoch des Monats Juni um 17 Uhr…” (deed in German)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed