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JTR

Active
Private limited companyfounded 1999active for 27 yearsPolenlaan 6, 9991 Maldegem, BelgiumKBO/BCE: BE 0465.987.307
Summary

JTR has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €192,263 and a net result of €11,464. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 46% of 205 sector peers (NACE 38, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Waste collection, recovery and disposal activities
NACE 38110
1 site
Size
≈ €120,000turnover 2025, estimated
Equity
€192,263
Profit
€11,464
Turnover estimated from the gross margin
Financial health
82 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
2025 accounts filed 24 days late4 deeds in the Belgian Official Gazette
Why 82raises riskLast filed accounts filed 25 days late; 1 of the last 3 lateLiquidity: current ratio 0.12, cash €24,125lowers riskFounded in 1999Size: total assets €660,282Show the evidence

Checked score

Score 2025
82 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 29% of its sector peers (NACE 38, micro)
Financial strength · tick = 2023
Weak
Solvency 54+6
equity 29.1% of total assets
Liquidity 17+6
short-term debt 70.9% · cash 3.7%
Profitability 42-10
return on assets 1.7%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (519 companies, NACE 38, micro)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.7%▲ +0.2 percentage points vs 12-2024 02-2025: 0.9%▲ +0.2 percentage points vs 01-2025 03-2025: 1.1%▲ +0.2 percentage points vs 02-2025 04-2025: 1.4%▲ +0.3 percentage points vs 03-2025 05-2025: 1.5%▲ +0.1 percentage points vs 04-2025 06-2025: 1.9%▲ +0.4 percentage points vs 05-2025 07-2025: 3.8%▲ +1.9 percentage points vs 06-2025 08-2025: 3.8%● unchanged vs 07-2025 09-2025: 4.0%▲ +0.2 percentage points vs 08-2025 10-2025: 3.6%▼ -0.4 percentage points vs 09-2025 11-2025: 3.6%● unchanged vs 10-2025 12-2025: 3.6%● unchanged vs 11-2025 01-2026: 3.6%● unchanged vs 12-2025 02-2026: 5.0%▲ +1.4 percentage points vs 01-2026highest value 03-2026: 0.3%▼ -4.7 percentage points vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026lowest value 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €15,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.12, compared with 0.14 in 2023, below 1; short-term debt: 70.9% and cash: 3.7% of total assets), and 70.9% of the assets are financed with debt and provisions.
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 (NACE 38, micro): better than 44% on solvency, 13% on liquidity and 30% 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

Five signals.
lowers riskraises risk
lowers risk · Founded in 1999
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Last filed accounts filed 25 days late; 1 of the last 3 late
NBB · filings
lowers risk · Size: total assets €660,282
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.12, cash €24,125
NBB · annual accounts
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-02-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
24 days late
2023
6 days late
2022
394 days late
2021
59 days late
2020
26 days late
2019
71 days early
2018
42 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 57 days after the deadline; the sector median (NACE 38) for financial year 2023 is 12 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 26 February (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end31-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2022 · micro…
  3. Annual accounts filedfinancial year 2023 · micro…

Financials · financial year 2025, micro format

2025 annual accounts filed late (24 days) Filed on 24 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00042655.

Turnover
€275,334
EBIT margin
-3.9%
Net result
€11,464▼ 71.0%
2023 · €39,509
Working capital
-€410,799▲ 8.2%
2023 · -€447,300
Trend over the years

2020 to 2025, 5 financial years 2019 to 2025, 6 financial years

The operating result is €15,421 in 2025, compared with €54,100 in 2023. Comparable figures for the intervening years are unavailable.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€15,421 2025 Net result€11,464 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 38, Waste collection, recovery and disposal activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line201920202021202220232025
Turnover€275,334-
Operating result-€10,825--€4,844▲ 55.2%-€2,041▲ 57.9%€41,447€54,100▲ 30.5%€15,421-
Net result-€10,289--€4,696below the sector's middle half▲ 54.4%-€2,075below the sector's middle half▲ 55.8%€31,346within the sector's middle half€39,509above the sector's middle half▲ 26.0%€11,464within the sector's middle half-
EBIT margin-3.9%-
Equity€92,477-€87,781within the sector's middle half▼ 5.1%€85,707within the sector's middle half▼ 2.4%€116,253within the sector's middle half▲ 35.6%€155,761within the sector's middle half▲ 34.0%€192,263within the sector's middle half-
Total assets€102,507-€87,858below the sector's middle half▼ 14.3%€87,229below the sector's middle half▼ 0.7%€640,682above the sector's middle half▲ 634%€674,182above the sector's middle half▲ 5.2%€660,282within the sector's middle half-
Debt€10,029-€76▼ 99.2%€1,522▲ 20×€524,430▲ 345×€518,421▼ 1.1%€468,019-
Working capital€76,059-€87,720above the sector's middle half▲ 15.3%€85,645above the sector's middle half▼ 2.4%-€486,809below the sector's middle half-€447,300below the sector's middle half▲ 8.1%-€410,799below the sector's middle half-
Solvency90.2%-99.9%above the sector's middle half▲ 9.7pp98.3%above the sector's middle half▼ 1.7pp18.1%within the sector's middle half▼ 80.1pp23.1%within the sector's middle half▲ 5.0pp29.1%within the sector's middle half-
Current ratio8.58-57.28above the sector's middle half0.07below the sector's middle half▼ 57.210.14below the sector's middle half▲ 0.070.12below the sector's middle half-
Return on assets (ROA)-10.0%--5.3%below the sector's middle half▲ 4.7pp-2.4%below the sector's middle half▲ 3.0pp4.9%within the sector's middle half▲ 7.3pp5.9%within the sector's middle half▲ 1.0pp1.7%within the sector's middle half-
Staff (FTE)0.5-
above within below the middle half of NACE 38, Waste collection, recovery and disposal activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €660,282
Fixed assets €603,062 =
Current assets €57,220 ▼ 19.5%
Equity and liabilities €660,282
Equity €192,263 ▲ 23.4%
Debt €468,019 ▼ 9.7%
Debt's share of the balance-sheet total falls from 76.9% to 70.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2023
Debt to equity
2.43▼
2023 · 3.33
ROE
6.0%▼
2023 · 25.4%
Debt ≤ 1 year
€468,019▼
2023 · €518,421
Income taxes
€3,821▼
2023 · €14,491
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2023 · 35 lines
Balance sheet Code20232025
Assets
Total assets20/58€674,182€660,282▼
Fixed assets21/28€603,062€603,062=
Financial fixed assets28€603,062€603,062=
Current assets29/58€71,121€57,220▼
Amounts receivable within one year40/41€55,119€33,096▼
Trade receivables40€55,119-
Other amounts receivable41-€33,096
Cash at bank and in hand54/58€16,002€24,125▲
Equity and liabilities
Total equity and liabilities10/49€674,182€660,282▼
Equity10/15€155,761€192,263▲
Contributions10/11€20,460€20,460=
Reserves13€31,346€67,847▲
Distributable reserves133€31,346€67,847▲
Profit (loss) carried forward14€103,956€103,956=
Amounts payable17/49€518,421€468,019▼
Amounts payable within one year42/48€518,421€468,019▼
Trade debts44€3,013€2,892▼
Suppliers440/4€3,013€2,892▼
Advances received on contracts in progress46€18,150€24,200▲
Taxes, remuneration and social security45€21,233€15,902▼
Taxes450/3€21,233€15,902▼
Other amounts payable47/48€476,025€425,025▼
Income statement Code20232025
Other operating charges640/8€244€531▲
Gross operating margin9900€54,344€15,953▼
Operating profit (loss)9901€54,100€15,421▼
Financial charges65/66B€100€135▲
Recurring financial charges65€100€135▲
Profit (loss) for the period before taxes9903€54,000€15,286▼
Income taxes67/77€14,491€3,821▼
Profit (loss) for the period9904€39,509€11,464▼
Profit (loss) for the period to be appropriated9905€39,509€11,464▼
Appropriation of the result
Profit (loss) to be appropriated9906€103,956€115,420▲
Profit (loss) brought forward from the previous period14P€64,447€103,956▲
Transfer to equity691/2-€11,464
To other reserves6921-€11,464

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201920202021202220232025Change
Turnover70€275,334------
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,286------
Other operating charges640/8---€1,010€244€531-
Gross operating margin9900€10,180-€4,690-€1,379€42,457€54,344€15,953-
Operating profit (loss)9901-€10,825-€4,844-€2,041€41,447€54,100€15,421-
Recurring financial income75€941€194-----
Financial charges65/66B---€205€100€135-
Recurring financial charges65€250€46€34€205€100€135-
Profit (loss) for the period before taxes9903-€10,134-€4,696-€2,075€41,243€54,000€15,286-
Income taxes67/77€155--€9,897€14,491€3,821-
Profit (loss) for the period9904-€10,289-€4,696-€2,075€31,346€39,509€11,464-
Profit (loss) for the period to be appropriated9905-€10,289-€4,696-€2,075€31,346€39,509€11,464-
Line201920202021202220232025Change
Assets
Total assets20/58€102,507€87,858€87,229€640,682€674,182€660,282-
Fixed assets21/28€16,418€62€62€603,062€603,062€603,062-
Tangible fixed assets22/27€15,857------
Financial fixed assets28€562€62€62€603,062€603,062€603,062-
Current assets29/58€86,088€87,796€87,167€37,621€71,121€57,220-
Amounts receivable within one year40/41€52,394€86,189€86,091€30,720€55,119€33,096-
Trade receivables40---€30,420€55,119--
Other amounts receivable41---€300-€33,096-
Cash at bank and in hand54/58€33,694€1,607€1,076€6,900€16,002€24,125-
Equity and liabilities
Total equity and liabilities10/49€102,507€87,858€87,229€640,682€674,182€660,282-
Equity10/15€92,477€87,781€85,707€116,253€155,761€192,263-
Contributions10/11€18,600€18,600€18,600€20,460€20,460€20,460-
Reserves13€1,860€1,860€1,860€31,346€31,346€67,847-
Distributable reserves133---€31,346€31,346€67,847-
Profit (loss) carried forward14€72,017€67,321€65,247€64,447€103,956€103,956-
Amounts payable17/49€10,029€76€1,522€524,430€518,421€468,019-
Amounts payable within one year42/48€10,029€76€1,522€524,430€518,421€468,019-
Trade debts44€7,528€76€1,522€3,318€3,013€2,892-
Suppliers440/4---€3,318€3,013€2,892-
Advances received on contracts in progress46----€18,150€24,200-
Taxes, remuneration and social security45---€19,582€21,233€15,902-
Taxes450/3---€19,582€21,233€15,902-
Other amounts payable47/48---€501,530€476,025€425,025-
Line201920202021202220232025Change
Profit (loss) for the period9904-€10,289-€4,696-€2,075€31,346€39,509€11,464-
+ Depreciation and write-downs630€5,286------
Operating cash flow (approximation)-€5,004-€4,696-€2,075€31,346€39,509€11,464-
Investment in fixed assets (approximation)-€16,357€0-€603,000€0--
Change in cash--€32,087-€530€5,824€9,101--

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

Download as CSV

Latest 10 of 25 filings with the National Bank
Financial year Type Filed Reference
30-06-2025 micro format 24-02-2026 2026-00042655
30-06-2023 micro format 06-02-2024 2024-00026283
30-06-2022 micro format 29-02-2024 2024-00037476
30-06-2021 micro format 31-03-2022 2022-09300453
30-06-2020 micro format 26-02-2021 2021-06200045
30-06-2019 micro format 21-11-2019 2019-74200072
30-06-2018 micro format 20-12-2018 2018-75300119
30-06-2017 micro format 22-12-2017 2017-72900291
30-06-2016 abbreviated format 13-01-2017 2017-01200586
30-06-2015 abbreviated format 06-01-2016 2016-00400296

Show all 25 filings

Similar companies · same sector, comparable size

Of the 391 active companies whose main activity is waste collection, recovery and disposal activities (NACE 38110), figures are known for 205. 130 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 4 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

JTR was incorporated on 3 May 1999.1 Total assets rose from €102,507 in 2019 to €660,282 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-01-2027
2026
24-02
NBB filing Annual accounts filed
financial year 2025 · micro format · 24 days late
2024
29-02
NBB filing Annual accounts filed
financial year 2022 · micro format · 394 days late
06-02
NBB filing Annual accounts filed
financial year 2023 · micro format · 6 days late
2023
30-06
Financial Highest result from 2019 to 2025net €39,509 ▲26%
Operating result €54,100, net result €39,509, both a record.
30-06
Financial Equity above €150,000equity €155,761 ▲34%
2 profitable years in a row build equity to €155,761.
2022
30-06
Financial Back to profitnet €31,346
Net result €31,346 after 3 loss-making years.
30-06
Financial Equity above €100,000equity €116,253 ▲35.6%
Equity rises from €85,707 to €116,253.
31-03
NBB filing Annual accounts filed
financial year 2021 · micro format · 59 days late
2021
26-02
NBB filing Annual accounts filed
financial year 2020 · micro format · 26 days late
2020
30-06
Financial Liquidity times 134current ratio 1150.52
Current ratio from 8.58 to 1150.52; short-term debt falls from €10,029 to €76.
2019
21-11
NBB filing Annual accounts filed
financial year 2019 · micro format
2018
20-12
NBB filing Annual accounts filed
financial year 2018 · micro format
Show earlier events
2017
22-12
NBB filing Annual accounts filed
financial year 2017 · micro format
13-01
NBB filing Annual accounts filed
financial year 2016 · abbreviated format
2016
06-01
NBB filing Annual accounts filed
financial year 2015 · abbreviated format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 25 annual accounts filed, the latest 10 are here; all 25 are under Financials.
0 of 4 deeds read
About the unread acts

We know of 4 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded03-05-1999
Financial year end30-06
Activities, NACEBEL 2025
38110Waste collection, recovery and disposal activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0465987307
Registered 26-10-2026

New in the register since 27 October 2026.

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

Register as of 31 October 2026 · Peppol Directory

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

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Maldegem · 1 establishment unit since 1999
registered office establishment The establishment unit on the map
Ground area
972 m²
Building footprint
381 m²
Building volume
1,592 m³
2 parcels, Flanders · tallest building 11.1 m. Linked by address, not a title deed.
1 establishment unit
Zwaantjesstraat 1, 9090 Merelbeke-Melle
Manufacture of basic pharmaceutical products and pharmaceutical preparations
since 1999unit no. 2.091.218.347
2 parcels
Flanders 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
43001G0742/00P000 Flanders 579 m² 1 · 136 m² 2.0 m
44402B0110/00A003 Flanders 393 m² 1 · 246 m² 11.1 m · 2
How the parcels are linked
Good to know
Both parcels match the address exactly.