J Square Studio
ActiveSummary
J Square Studio has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.27M and a net result of €616k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 86% of 1545 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
96
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 10.18 against 3.63 in 2023; short-term debt: 9.4% and cash: 87.2% of total assets), and 18.8% of the assets are financed with debt.
Credit check 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
81.2%
Return on assets
39.5%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €1.27M
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
30 d late
2022
116 d late
2021
151 d late
2020
142 d late
2019
151 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€616k▲ 97.8%
2023 · €312k
2018: €-18k
2019: €131k
2020: €-269k
2021: €198k
2022: €277k
2023: €312k
2018 → 2024
Working capital
€1.35M▲ 77.8%
2023 · €759k
2018: €172k
2019: €217k
2020: €141k
2021: €253k
2022: €546k
2023: €759k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-136k-€62k€339k▲ 450%€650k▲ 92.0%€1.27M▲ 94.8%
Operating result€-340k-€138k€401k▲ 190%€356k▼ 11.5%€791k▲ 123%
Net result€-269k-€198k€277k▲ 40.3%€312k▲ 12.5%€616k▲ 97.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 123% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.56M
Fixed assets
€64k ▲ 48.5%
Current assets
€1.50M ▲ 42.9%
Equity and liabilities €1.56M
Equity
€1.27M ▲ 94.8%
Provisions
€902
Debt
€292k ▼ 33.6%
Debt's share of the balance-sheet total falls from 40.3% to 18.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€814k▲
2023 · €370k
Cash flow
€639k▲
2023 · €326k
Current ratio
10.18▲
2023 · 3.63
Debt to equity
0.23▼
2023 · 0.68
ROE
48.7%▲
2023 · 47.9%
ROA
39.5%▲
2023 · 28.6%
Interest coverage
220.65▲
2023 · 56.13
Debt ≤ 1 year
€147k▼
2023 · €289k
Income taxes
€215k▲
2023 · €84k
Staff costs
€699k▲
2023 · €668k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.09M€1.56M▲
Fixed assets21/28€43k€64k▲
Tangible fixed assets22/27€38k€59k▲
Furniture and vehicles24€31k€53k▲
Other tangible fixed assets26€7k€6k▼
Financial fixed assets28€5k€5k=
Current assets29/58€1.05M€1.50M▲
Amounts receivable within one year40/41€132k€81k▼
Trade receivables40€111k€56k▼
Other amounts receivable41€21k€25k▲
Cash at bank and in hand54/58€901k€1.36M▲
Deferred charges and accrued income490/1€14k€55k▲
Equity and liabilities
Total equity and liabilities10/49€1.09M€1.56M▲
Equity10/15€650k€1.27M▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€628k€1.24M▲
Provisions and deferred taxes16-€902
Provisions for liabilities and charges160/5-€902
Taxes161-€902
Amounts payable17/49€440k€292k▼
Amounts payable within one year42/48€289k€147k▼
Current portion of amounts payable after more than one year42€63k-
Trade debts44€138k€60k▼
Suppliers440/4€138k€60k▼
Taxes, remuneration and social security45€80k€80k▼
Taxes450/3€19k€14k▼
Remuneration and social security454/9€61k€66k▲
Other amounts payable47/48€8k€8k▲
Accrued charges and deferred income492/3€151k€145k▼
Income statement
Code20232024
Remuneration, social security and pensions62€668k€699k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€23k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€1.04M€1.52M▲
Operating profit (loss)9901€356k€791k▲
Financial income75/76B€47k€44k▼
Recurring financial income75€47k€44k▼
Financial charges65/66B€7k€4k▼
Recurring financial charges65€7k€4k▼
Profit (loss) for the period before taxes9903€396k€832k▲
Income taxes67/77€84k€215k▲
Profit (loss) for the period9904€312k€616k▲
Profit (loss) for the period to be appropriated9905€312k€616k▲
Appropriation of the result
Profit (loss) to be appropriated9906€628k€1.24M▲
Profit (loss) brought forward from the previous period14P€317k€628k▲
Social balance
Average headcount (FTE)908725.020.3▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €616k ▲97.8%
Operating result €791k, net result €616k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 10.18
Current ratio from 3.63 to 10.18; short-term debt falls from €289k to €147k.
31-12
Financial
Equity above €1MEq €1.27M ▲94.8%
4 profitable years in a row build equity to €1.27M.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Equity above €500kEq €650k ▲92%
3 profitable years in a row build equity to €650k.
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 116 days late
2022
31-12
Financial
Equity above €200kEq €339k ▲450%
2 profitable years in a row build equity to €339k.
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 151 days late
2021
31-12
Financial
Back to profitnet €198k
Net result €198k after one loss-making year.
20-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 142 days late
2020
31-12
Financial
Weakest financial yearnet €-269k ▼305%
Net result drops to €-269k, the lowest in the series; recovery starts the following year.
Show earlier events
29-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 151 days late
2019
31-12
Financial
Back to profitnet €131k
Net result €131k after one loss-making year.
31-12
Financial
Equity above €100kEq €133k ▲7539%
Equity rises from €2k to €133k.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Gembloux · 2 establishment units since 2017
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.
Rue des Haipes,Sauv. 135030 GemblouxGround area
1.1 ha
Building footprint
909 m²
Volume, LiDAR
116 m³
2 parcels, Wallonia · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
J Square Studio
since 20172.263.780.753
The VEX
since 20172.269.544.632
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25386B0122/00R004 | Wallonia | 7,285 m² | 1 · 26 m² | 6.0 m · 2 fl. |
| 92253D0229/00L000 | Wallonia | 3,747 m² | 1 · 882 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOttignies-Louvain-la-Neuve2.269.544.632
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 7,214 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
77330Rental and leasing activities
93293Sports, amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:jbergiers@j2-studio.com
Phone:0472/60.28.00