JFE Innovation Center

Active

Private limited companyfounded 20215 yrs activeZoning-Artisanal, Latour -, 6761 Virton, BelgiumKBO/BCE: BE 0766.552.990

The computed 12-month bankruptcy probability of JFE Innovation Center is 2.7% (moderate). The latest annual accounts of JFE Innovation Center were filed more than 90 days after the deadline. The 2024 annual accounts show equity of €3.67M and a net result of €-231k. Equity is growing by ~190.5% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

No current score

Figures too old

The available figures for FY 2024 are too old to assess current financial health.

Filing: Filed more than 90 days late

Axes, FY 2024 · tick = 2023

Profitability53▲+53

Solvency100▲+100

Growth78▲+46

Track record94

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 22

Relative position

BE, all sectors

reference

Sector 22

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

81.1%

Return on assets

-5.1%

Age of the figures

30 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed more than 90 days late

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 09-02-2026, 101 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

101 d late

2024

21 d early

2023

21 d late

2022

189 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

Companies Code · seven months

Position in the running window

31-03-2026 close20-09-2026 today31-10-2026 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€2.04M

EBIT margin

-29.4%

Net result

€-231k▲ 61.1%

2023 · €-593k

2022: €-513k 2023: €-593k

2022 → 2024

Working capital

€896k

2023 · €-3.71M

2022: €-2.10M 2023: €-3.71M

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Turnover€2.04M-

Equity€-503k-€-1.10M▼ 118%€3.67M

Operating result€-600k-€-455k▲ 24.1%€-198k▲ 56.5%

Net result€-513k-€-593k▼ 15.5%€-231k▲ 61.1%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €198k in 2024 against €455k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €4.53M

61.3%

38.7%

Fixed assets €2.78M▼ 12.5%

Current assets €1.75M▲ 313%

Equity and liabilities €4.53M

81.1%

18.9%

Equity €3.67M

Debt €856k

Debt finances 18.9% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€199k▲

2023 · €-58k

Cash flow

€166k▲

2023 · €-196k

Solvency

81.1%▲

2023 · -30.5%

Current ratio

2.05▲

2023 · 0.10

Quick ratio

2.05▲

2023 · 0.10

Debt / equity

0.23▲

2023 · -4.28

ROE

-6.3%

ROA

-5.1%▲

2023 · -16.5%

Interest coverage

4.84▲

2023 · -0.42

Debt

€856k▼

2023 · €4.69M

Debt ≤ 1 year

€856k▼

2023 · €4.14M

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€3.60M€4.53M▲

Fixed assets21/28€3.17M€2.78M▼

Intangible fixed assets21€3.17M€2.78M▼

Current assets29/58€424k€1.75M▲

Amounts receivable within one year40/41€195k€1.72M▲

Trade receivables40€195k€704k▲

Other amounts receivable41-€1.01M

Cash at bank and in hand54/58€230k€33k▼

Deferred charges and accrued income490/1-€2k

Equity and liabilities

Total equity and liabilities10/49€3.60M€4.53M▲

Equity10/15€-1.10M€3.67M▲

Contributions10/11€10k€5.01M▲

Profit (loss) carried forward14€-1.11M€-1.34M▼

Amounts payable17/49€4.69M€856k▼

Amounts payable within one year42/48€4.14M€856k▼

Financial debts43€1.50M€260k▼

Other loans439€1.50M€260k▼

Trade debts44€2.63M€596k▼

Suppliers440/4€2.63M€596k▼

Taxes, remuneration and social security45€2k-

Taxes450/3€2k-

Accrued charges and deferred income492/3€556k-

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€397k€397k=

Gross operating margin9900€-58k€199k▲

Operating profit (loss)9901€-455k€-198k▲

Financial income75/76B-€8k

Recurring financial income75-€8k

Financial charges65/66B€138k€41k▼

Recurring financial charges65€138k€41k▼

Profit (loss) for the period before taxes9903€-593k€-231k▲

Profit (loss) for the period9904€-593k€-231k▲

Profit (loss) for the period to be appropriated9905€-593k€-231k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-1.11M€-1.34M▼

Profit (loss) brought forward from the previous period14P€-513k€-1.11M▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

Next filing, fiscal year 2026, expected by 31-10-2026

2026

09-02

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 101 days late

2024

10-10

NBB filing Annual accounts filed

fiscal year 2024 · full schema

31-03

Financial Liquidity times 20current ratio 2.05

Current ratio from 0.10 to 2.05; short-term debt falls from €4.14M to €856k.

31-03

Financial Equity above €2MEq €3.67M

Equity rises from €-1.10M to €3.67M.

2023

21-11

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 21 days late

08-05

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 189 days late

31-03

Financial Weakest financial yearnet €-593k

Net result drops to €-593k, the lowest in the series; recovery starts the following year.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

10-10-2025 Somnath SAHA: Resigned as Director

04-03-2025 Michel MULLENS: Resigned as Director

04-03-2025 Serge François: Resigned as Director

31-07-2022 Mark LOCKHART: Resigned as Director

Location & real-estate footprint

Registered office, Virton · 1 establishment unit since 2021

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.

Zoning-Artisanal, Latour -6761 Virton

1 establishment unit

JINDAL INNOVATION CENTER

Zoning-Artisanal, Latour -, 6761 VirtonManufacture of rubber and plastic products