JW Stables
ActiveJW Stables has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €474k and a net result of €79k. Equity is growing by ~21.3% per year across the filed fiscal years. Its solvency ranks better than 50% of 1729 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-1
Solvency66▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.4 in 2024; short-term debt: 31.8% and cash: 5.9% of total assets), and 58.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
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
41.4%
Return on assets
6.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
30 d late
2022
31 d late
2021
5 d early
2020
22 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€474k▲ 19.3%
2024 · €397k
2020: €137k
2021: €211k
2022: €290k
2023: €326k
2024: €397k
2020 → 2025
Total assets
€1.15M▲ 8.0%
2024 · €1.06M
2020: €483k
2021: €648k
2022: €714k
2023: €1.15M
2024: €1.06M
2020 → 2025
Net result
€79k▲ 1.8%
2024 · €77k
2020: €133k
2021: €75k
2022: €80k
2023: €38k
2024: €77k
2020 → 2025
Working capital
€132k▲ 3.4%
2024 · €128k
2020: €59k
2021: €90k
2022: €120k
2023: €31k
2024: €128k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€211k-€290k▲ 37.1%€326k▲ 12.5%€397k▲ 21.9%€474k▲ 19.3%
Operating result€99k-€111k▲ 11.2%€68k▼ 38.8%€135k▲ 99.2%€141k▲ 4.7%
Net result€75k-€80k▲ 6.0%€38k▼ 52.6%€77k▲ 104%€79k▲ 1.8%
Turnover and EBIT margin not published: the abbreviated or micro 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 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.15M
Fixed assets
€649k▲ 5.7%
Current assets
€496k▲ 11.2%
Equity and liabilities €1.15M
Equity
€474k▲ 19.3%
Debt
€672k▲ 1.2%
The debt ratio falls from 62.5% to 58.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€222k▲
2024 · €209k
Cash flow
€159k▲
2024 · €151k
Solvency
41.4%▲
2024 · 37.5%
Current ratio
1.36▼
2024 · 1.40
Quick ratio
0.34▼
2024 · 0.54
Debt / equity
1.42▼
2024 · 1.67
ROE
16.6%▼
2024 · 19.4%
ROA
6.9%▼
2024 · 7.3%
Interest coverage
7.53▲
2024 · 6.99
Debt
€672k▲
2024 · €663k
Debt ≤ 1 year
€364k▲
2024 · €319k
Debt > 1 year
€307k▼
2024 · €344k
Income taxes
€33k▲
2024 · €28k
Staff costs
€27k▲
2024 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.06M€1.15M▲
Fixed assets21/28€614k€649k▲
Tangible fixed assets22/27€614k€649k▲
Land and buildings22€444k€414k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€51k€77k▲
Other tangible fixed assets26€113k€153k▲
Current assets29/58€447k€496k▲
Stocks and contracts in progress3€273k€372k▲
Stocks30/36€273k€372k▲
Amounts receivable within one year40/41€19k€53k▲
Trade receivables40€2k€26k▲
Other amounts receivable41€17k€27k▲
Cash at bank and in hand54/58€149k€67k▼
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.06M€1.15M▲
Equity10/15€397k€474k▲
Contributions10/11€6k€6k=
Reserves13€391k€468k▲
Distributable reserves133€391k€468k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€663k€672k▲
Amounts payable after more than one year17€344k€307k▼
Financial debts170/4€344k€307k▼
Amounts payable within one year42/48€319k€364k▲
Current portion of amounts payable after more than one year42€44k€38k▼
Financial debts43€34k€33k▼
Credit institutions430/8€34k€33k▼
Trade debts44€67k€116k▲
Suppliers440/4€67k€116k▲
Advances received on contracts in progress46€471€0▼
Taxes, remuneration and social security45€58k€6k▼
Taxes450/3€55k€2k▼
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€116k€171k▲
Income statement
Code20242025
Remuneration, social security and pensions62€21k€27k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€80k▲
Other operating charges640/8€7k€9k▲
Gross operating margin9900€237k€257k▲
Operating profit (loss)9901€135k€141k▲
Financial income75/76B€98€0▼
Recurring financial income75€98€0▼
Financial charges65/66B€30k€29k▼
Recurring financial charges65€30k€29k▼
Profit (loss) for the period before taxes9903€105k€112k▲
Income taxes67/77€28k€33k▲
Profit (loss) for the period9904€77k€79k▲
Profit (loss) for the period to be appropriated9905€77k€79k▲
Appropriation of the result
Profit (loss) to be appropriated9906€77k€79k▲
Transfer from equity791/2-€1k
Transfer to equity691/2€71k€78k▲
To other reserves6921€71k€78k▲
Profit to be distributed694/7€6k€2k▼
Return on contributions (dividend)694€2k€2k=
Directors or managers695€4k€0▼
The notes to these accounts (12 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €38k ▼52.6%
Net result drops to €38k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €211k ▲53.7%
2 profitable years in a row build equity to €211k.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Waasmunster · 1 establishment unit since 2019
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.
Lange Beulestraat 439250 WaasmunsterGround area
938 m²
Building footprint
181 m²
Volume, LiDAR
1,109 m³
Parcel 42023A0402/00D000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JW Stables
since 20192.286.195.176
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023A0402/00D000 | Flanders | 938 m² | 1 · 181 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
W.W.D. HORSE POWER
BE 0599.985.877
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TKX EQUISERVICES
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KLACKEN
BE 0861.905.673
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METTA
BE 0823.923.245
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OUD STEENOVEN
BE 0463.807.280
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Of 1,957 companies in sector 01430 we hold annual accounts for 743. 460 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-02-2019
Fiscal year end31-12
Activities, NACEBEL
01430Raising of horses and other equines
01500Mixed farming
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@jwstables.be
Phone:0474289281