SJS Stables
ActiveSJS Stables has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €-12k. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 10% of 1721 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
20
/ 100
Critical▼ -23 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency7▼-8
Growth32▼-20
Stability94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.7 against 0.92 in 2024), and 96.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3.8%
Return on assets
-2.4%
Age of the figures
11 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1721 sector peers (2025).
NBB · sector comparisonPosition among 1721 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-04-2026, 7 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
7 d early
2024
5 d early
2023
12 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€19k▼ 39.1%
2024 · €32k
2023: €22k
2024: €32k
2023 → 2025
Total assets
€510k▲ 41.2%
2024 · €361k
2023: €152k
2024: €361k
2023 → 2025
Net result
€-12k
2024 · €10k
2023: €20k
2024: €10k
2023 → 2025
Working capital
€-148k▼ 433%
2024 · €-28k
2023: €10k
2024: €-28k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€22k-€32k▲ 45.9%€19k▼ 39.1%
Operating result€24k-€12k▼ 52.6%€-12k
Net result€20k-€10k▼ 49.5%€-12k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €12k after €12k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €510k
Fixed assets
€167k▲ 181%
Current assets
€343k▲ 13.8%
Equity and liabilities €510k
Equity
€19k▼ 39.1%
Debt
€491k▲ 49.0%
The debt ratio rises from 91.2% to 96.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€2k▼
2024 · €19k
Cash flow
€2k▼
2024 · €18k
Solvency
3.8%▼
2024 · 8.8%
Current ratio
0.70▼
2024 · 0.92
Quick ratio
0.02▼
2024 · 0.27
Debt / equity
25.42▲
2024 · 10.38
ROE
-64.3%▼
2024 · 31.5%
ROA
-2.4%▼
2024 · 2.8%
Interest coverage
5.18▼
2024 · 146.40
Debt
€491k▲
2024 · €330k
Debt ≤ 1 year
€491k▲
2024 · €330k
Income taxes
€0▼
2024 · €1k
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€361k€510k▲
Fixed assets21/28€59k€167k▲
Tangible fixed assets22/27€59k€164k▲
Land and buildings22€47k€148k▲
Plant, machinery and equipment23€13k€17k▲
Financial fixed assets28-€3k
Current assets29/58€302k€343k▲
Stocks and contracts in progress3€212k€334k▲
Stocks30/36€212k€334k▲
Amounts receivable within one year40/41€81k€708▼
Trade receivables40€80k€708▼
Other amounts receivable41€27€0▼
Cash at bank and in hand54/58€10k€9k▼
Equity and liabilities
Total equity and liabilities10/49€361k€510k▲
Equity10/15€32k€19k▼
Contributions10/11€2k€2k=
Reserves13€30k€17k▼
Distributable reserves133€30k€17k▼
Amounts payable17/49€330k€491k▲
Amounts payable within one year42/48€330k€491k▲
Trade debts44€60k€40k▼
Suppliers440/4€60k€40k▼
Taxes, remuneration and social security45€25k€8k▼
Taxes450/3€25k€8k▼
Other amounts payable47/48€245k€442k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€14k▲
Other operating charges640/8€546€612▲
Non-recurring operating charges66A-€50
Gross operating margin9900€20k€3k▼
Operating profit (loss)9901€12k€-12k▼
Financial income75/76B-€119
Recurring financial income75-€119
Financial charges65/66B€131€359▲
Recurring financial charges65€131€359▲
Profit (loss) for the period before taxes9903€11k€-12k▼
Income taxes67/77€1k€0▼
Profit (loss) for the period9904€10k€-12k▼
Profit (loss) for the period to be appropriated9905€10k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€-12k▼
Transfer from equity791/2-€12k
Transfer to equity691/2€10k€0▼
To other reserves6921€10k€0▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (14 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
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €-12k ▼224%
Net result drops to €-12k, the lowest in the series.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lommel · 1 establishment unit since 2023
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.
Luikersteenweg 4223920 LommelGround area
2,161 m²
Building footprint
198 m²
Volume, LiDAR
939 m³
Parcel 72345B0870/00T002, Flanders · tallest building 9.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SJS Stables
since 20232.342.505.260
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72345B0870/00T002 | Flanders | 2,161 m² | 1 · 198 m² | 9.2 m · 1 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
VH-Horses & Metals
BE 0746.869.316
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BE 0728.643.016
Hoogstraten · Eq €19k
Dillien DB Services
BE 0843.310.080
Nazareth-De Pinte · Eq €19k
Piniva
BE 0748.794.072
Beveren-Kruibeke-Zwijndrecht · Eq €19k
STOKBROEKHOEVE
BE 0817.574.297
Kinrooi · Eq €19k
Of 1,947 companies in sector 01430 we hold annual accounts for 739. 426 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-03-2023
Fiscal year end30-09
Activities, NACEBEL
01430Raising of horses and other equines
47762Retail sale of pets, pet food and pet supplies
82990Other business support services
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.