MJSD
ActiveSummary
MJSD has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €924,176 and a net result of €239,670. Equity is growing by ~31.2% per year across the filed fiscal years. Its solvency ranks better than 52% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-9
Solvency83▼-15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 2.15 against 2.61 in 2024; short-term debt: 6.9% and cash: 2.5% of total assets), and 41.9% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
58.1%
Return on assets
15.1%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
54 d late
2024
1 d early
2023
37 d early
2022
21 d early
2021
26 d early
2020
16 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€924,176▲ 25.8%
2024 · €734,506
Total assets
€1.6m▲ 57.5%
2024 · €1.0m
Net result
€239,670▲ 4.4%
2024 · €229,462
Working capital
€124,990▼ 9.5%
2024 · €138,092
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€265,999▲ 86.4%€212,888▼ 20.0%€248,669▲ 16.8%€319,695▲ 28.6%€346,219▲ 8.3%
Net result€200,135▲ 82.4%€158,165▼ 21.0%€176,196▲ 11.4%€229,462▲ 30.2%€239,670▲ 4.4%
Equity€311,859▲ 179%€470,024▲ 50.7%€528,573▲ 12.5%€734,506▲ 39.0%€924,176▲ 25.8%
Total assets€403,864▲ 95.8%€605,956▲ 50.0%€678,255▲ 11.9%€1.0m▲ 49.0%€1.6m▲ 57.5%
Debt€92,005▼ 2.7%€135,932▲ 47.7%€149,682▲ 10.1%€276,107▲ 84.5%€667,581▲ 142%
Working capital€159,184▲ 389%€130,345▼ 18.1%€168,629▲ 29.4%€138,092▼ 18.1%€124,990▼ 9.5%
Staff (FTE)1▲ 900%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Total assets +58% on 2024. Cause not known from the registers.
- 2022 Equity +51%, Total assets +50% on 2021. Cause not known from the registers.
- 2021 Equity +179%, Total assets +96% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.4m ▲ 72.6%
Current assets
€234,103 ▲ 4.5%
Equity and liabilities €1.6m
Equity
€924,176 ▲ 25.8%
Debt
€667,581 ▲ 142%
Debt's share of the balance-sheet total rises from 27.3% to 41.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€374,253▲
2024 · €330,734
Cash flow
€267,704▲
2024 · €240,502
Current ratio
2.15▼
2024 · 2.61
Quick ratio
2.13▼
2024 · 2.60
Debt to equity
0.72▲
2024 · 0.38
ROE
25.9%▼
2024 · 31.2%
ROA
15.1%▼
2024 · 22.7%
Interest coverage
25.29▼
2024 · 304.80
Debt ≤ 1 year
€109,113▲
2024 · €85,960
Debt > 1 year
€558,467▲
2024 · €189,647
Income taxes
€92,578▲
2024 · €90,530
Staff costs
€79▲
2024 · -€433
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,776 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 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 6,776 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €15,491 | €14,553 | €15,785 | -€433 | €79 | ▲ 118% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €194 | €1,288 | €11,039 | €28,034 | ▲ 154% |
| Other operating charges640/8 | €66 | €1,348 | €480 | €2,501 | €2,093 | ▼ 16.3% |
| Gross operating margin9900 | €281,555 | €228,984 | €266,223 | €332,801 | €376,425 | ▲ 13.1% |
| Operating profit (loss)9901 | €265,999 | €212,888 | €248,669 | €319,695 | €346,219 | ▲ 8.3% |
| Financial income75/76B | - | - | €753 | €1,383 | €827 | ▼ 40.2% |
| Recurring financial income75 | - | - | €753 | €1,383 | €827 | ▼ 40.2% |
| Financial charges65/66B | €1,655 | €781 | €1,102 | €1,085 | €14,798 | ▲ 1,264% |
| Recurring financial charges65 | €1,655 | €781 | €1,102 | €1,085 | €14,798 | ▲ 1,264% |
| Profit (loss) for the period before taxes9903 | €264,343 | €212,107 | €248,320 | €319,993 | €332,248 | ▲ 3.8% |
| Income taxes67/77 | €64,209 | €53,942 | €72,124 | €90,530 | €92,578 | ▲ 2.3% |
| Profit (loss) for the period9904 | €200,135 | €158,165 | €176,196 | €229,462 | €239,670 | ▲ 4.4% |
| Profit (loss) for the period to be appropriated9905 | €200,135 | €158,165 | €176,196 | €229,462 | €239,670 | ▲ 4.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €403,864 | €605,956 | €678,255 | €1.0m | €1.6m | ▲ 57.5% |
| Fixed assets21/28 | €152,675 | €339,680 | €359,944 | €786,561 | €1.4m | ▲ 72.6% |
| Tangible fixed assets22/27 | €152,500 | €339,505 | €359,769 | €786,386 | €1.4m | ▲ 72.6% |
| Land and buildings22 | €152,500 | €315,500 | €315,500 | €607,197 | €621,797 | ▲ 2.4% |
| Plant, machinery and equipment23 | - | €2,250 | €1,761 | €1,272 | €784 | ▼ 38.4% |
| Furniture and vehicles24 | - | - | €879 | €6,900 | €12,601 | ▲ 82.6% |
| Other tangible fixed assets26 | - | €21,754 | €41,629 | €120,668 | €119,584 | ▼ 0.9% |
| Assets under construction and advance payments27 | - | - | - | €50,348 | €602,712 | ▲ 1,097% |
| Financial fixed assets28 | €175 | €175 | €175 | €175 | €175 | = |
| Current assets29/58 | €251,189 | €266,277 | €318,311 | €224,052 | €234,103 | ▲ 4.5% |
| Stocks and contracts in progress3 | - | - | - | €667 | €2,201 | ▲ 230% |
| Stocks30/36 | - | - | - | €667 | €2,201 | ▲ 230% |
| Amounts receivable within one year40/41 | - | €70 | €150,226 | €153,290 | €161,957 | ▲ 5.7% |
| Trade receivables40 | - | - | €150,000 | €150,190 | €161,736 | ▲ 7.7% |
| Other amounts receivable41 | - | €70 | €226 | €3,100 | €221 | ▼ 92.9% |
| Current investments50/53 | €4,000 | €13,878 | €16,000 | €42,000 | €27,214 | ▼ 35.2% |
| Cash at bank and in hand54/58 | €96,718 | €100,918 | €152,085 | €25,187 | €39,310 | ▲ 56.1% |
| Deferred charges and accrued income490/1 | €150,471 | €151,411 | - | €2,908 | €3,421 | ▲ 17.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €403,864 | €605,956 | €678,255 | €1.0m | €1.6m | ▲ 57.5% |
| Equity10/15 | €311,859 | €470,024 | €528,573 | €734,506 | €924,176 | ▲ 25.8% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | - | - | €100,000 | €200,000 | €300,000 | ▲ 50.0% |
| Distributable reserves133 | - | - | €100,000 | €200,000 | €300,000 | ▲ 50.0% |
| Profit (loss) carried forward14 | €309,859 | €468,024 | €426,573 | €532,506 | €622,176 | ▲ 16.8% |
| Amounts payable17/49 | €92,005 | €135,932 | €149,682 | €276,107 | €667,581 | ▲ 142% |
| Amounts payable after more than one year17 | - | - | - | €189,647 | €558,467 | ▲ 194% |
| Financial debts170/4 | - | - | - | €189,647 | €558,467 | ▲ 194% |
| Amounts payable within one year42/48 | €92,005 | €135,932 | €149,682 | €85,960 | €109,113 | ▲ 26.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,353 | €10,717 | ▲ 3.5% |
| Financial debts43 | €119 | €865 | €2,857 | €2,408 | - | - |
| Credit institutions430/8 | €119 | €865 | €2,857 | €2,408 | - | - |
| Trade debts44 | €14,013 | €744 | €974 | €125 | €2,628 | ▲ 2,006% |
| Suppliers440/4 | €14,013 | €744 | €974 | €125 | €2,628 | ▲ 2,006% |
| Taxes, remuneration and social security45 | €77,873 | €133,438 | €44,494 | €48,599 | €32,578 | ▼ 33.0% |
| Taxes450/3 | €76,381 | €130,513 | €42,271 | €48,599 | €32,578 | ▼ 33.0% |
| Remuneration and social security454/9 | €1,492 | €2,925 | €2,223 | - | - | - |
| Other amounts payable47/48 | - | €885 | €101,356 | €24,476 | €63,190 | ▲ 158% |
| Accrued charges and deferred income492/3 | - | - | - | €500 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €200,135 | €158,165 | €176,196 | €229,462 | €239,670 | ▲ 4.4% |
| + Depreciation and write-downs630 | - | €194 | €1,288 | €11,039 | €28,034 | ▲ 154% |
| Operating cash flow (approximation) | €200,135 | €158,360 | €177,484 | €240,502 | €267,704 | ▲ 11.3% |
| Investment in fixed assets (approximation) | - | -€187,199 | -€21,553 | -€437,656 | -€599,126 | ▼ 36.9% |
| Change in cash | - | €4,199 | €51,167 | -€126,898 | €14,123 | ▲ 111% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 54 days late
2025
31-12
Financial
Highest result since 2020net €239,670 ▲4.4%
Operating result €346,219, net result €239,670, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
08-01
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2023
31-12
Financial
Equity above €500,000Eq €528,573 ▲12.5%
4 profitable years in a row build equity to €528,573.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 2.73
Current ratio from 1.34 to 2.73; short-term debt falls from €94,546 to €92,005.
31-12
Financial
Equity above €200,000Eq €311,859 ▲179%
2 profitable years in a row build equity to €311,859.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Namur · 1 establishment unit since 2020
Ground area
627 m²
Building footprint
98 m²
Volume, LiDAR
670 m³
Parcel 92128C0144/00L000, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MJSD
since 20202.303.279.945
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92128C0144/00L000 | Wallonia | 627 m² | 1 · 98 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
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This company
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
76 locations
Recognitions · licences · registrations
Legal Entity Identifier
894500L78P8VG08PYU87
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 28,709 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
82990Other business support services
Contact
E-mail
mjsdsrl@outlook.be
Phone
+32497054443
E-invoicing
Reachable via Peppol
Peppol ID
0208:0748421613
Also
9925:BE0748421613
Registered
02-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.