Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of JFA Management is 0.9% (low). The 2025 annual accounts show equity of €21k and a net result of €10k. Equity is growing by ~80.8% per year across the filed fiscal years. Its solvency ranks better than 28% of 2749 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Signals
2 signals · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2025, that is 31-01-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 30-06-2025 | 31-01-2026 | 30-01-2026 | 1 d early | 2026-00029219 |
| 30-06-2024 | 31-01-2025 | 09-01-2025 | 22 d early | 2025-00003067 |
| 30-06-2023 | 31-01-2024 | 10-01-2024 | 21 d early | 2024-00546503 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.9%
Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Young company
+Higher-failure-rate region
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€10k+33.1%
Working capital€-6k
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 30-01-2026 with the NBB · fiscal year 2025 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~80.8%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 26.3% | 62.2% | |
| Net result | €10k | €40k | |
| Equity | €21k | €62k | |
| Gross operating margin | €19k | €63k | |
| Total assets | €79k | €121k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P28
Stable position over 2023-2025
· n=2749-7336
P21
Stable position over 2023-2025
· n=2751-7333
P29
Improving position over 2023-2025
· n=2750-7338
P17
Stable position over 2023-2025
· n=2751-7327
Describes the position versus peers, not a forecast.
€18k
-
23-25
€10k
+33.1%
23-25
€13k
-
23-25
€79k
+162.5%
23-25
€21k
+92.3%
23-25
€-6k
-
23-25
€4k
+37.6%
23-25
€58k
+201.8%
23-25
€56k
+189.1%
23-25
0.89
-42.7%
23-25
0.89
-42.7%
23-25
26.3%
-26.8%
23-25
2.81
+56.9%
23-25
48.0%
-30.8%
23-25
12.6%
-49.3%
23-25
13.61
-
23-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €18k |
| Net profit | €10k |
| Cash flow | €13k |
| Staff costs | - |
| Income taxes | €4k |
| Dividends | - |
| Total assets | €79k |
| Equity | €21k |
| Debt | €58k |
| of which ≤ 1y | €56k |
| of which > 1y | - |
| Working capital | €-6k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.89 |
| Quick ratio | 0.89 |
| Working capital ratio | -7.5% |
| Solvency | 26.3% |
| Debt / equity | 2.81 |
| Long-term debt ratio | - |
| Interest coverage | 13.61 |
| Gross margin | - |
| Net margin | - |
| ROA | 12.6% |
| ROE | 48.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €79k |
| Fixed assets | 21/28 | €29k |
| Tangible fixed assets | 22/27 | €29k |
| Current assets | 29/58 | €50k |
| Amounts receivable within one year | 40/41 | €39k |
| Cash & bank | 54/58 | €10k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €79k |
| Equity | 10/15 | €21k |
| Contributions / capital | 10/11 | €3k |
| Reserves | 13 | €17k |
| Accumulated profits (losses) | 14 | €797 |
| Amounts payable | 17/49 | €58k |
| Amounts payable within one year | 42/48 | €56k |
| Trade debts payable within one year | 44 | €33k |
| Income statement | ||
| Gross operating margin | 9900 | €19k |
| Operating result | 9901 | €15k |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €14k |
| Income taxes | 67/77 | €4k |
| Net result for the period | 9904 | €10k |
| Result to be appropriated | 9905 | €10k |
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed66
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
Current15-05-2026 → present
2 events
- 15-05-2026 Appointed· Director
- 15-05-2024 Resigned· Director
-
Current15-05-2024 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten(62200) |
| Legal form | Private limited company(610) |
| Incorporation | 02-11-2021 |
| Status | Active |
| Postal code | 1160 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Hugo Van der Goeslaan 941160 OudergemEstablishment units
1 locationJFA Management
since 20212.328.228.939
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area485 m²
Buildings2
Building footprint166 m²
Volume (LiDAR)1,941 m³
Tallest building16.0 m · ±5 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446D0006/00R004 | Brussels | 346 m² | 1 · 99 m² | 16.0 m · 5 fl. |
| 21332C0015/00E012 | Brussels | 139 m² | 1 · 67 m² | 11.4 m · 3 fl. |
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.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
4 acts Company purpose
tant en Belgique qu’à l’étranger, pour compte propre ou compte de tiers ou en participation avec ceux-ci : 1 La société pourrait faire fonction de holding relative à des personnes morales, et notamment : - la prise de participations, directe ou indirecte, sous quelque forme que ce soit, dans toutes sociétés ou entreprises belges ou étrangères ; - le contrôle de leur gestion ou la participation à celle-ci par la prise de tous mandas au sein desdites sociétés ou entreprises ; - la création, la gestion, la mise en valeur et la liquidation d’un portefeuille se composant de tous titres, brevets, li
Per act of 20-04-2026
Capital history · 3
20-04-2026
Founding capital: amount: 104000.0, currency: EUR
20-04-2026
Founding capital: amount: 52000.0, method: cash_deposit, currency: EUR
20-04-2026
Founding capital: amount: 52000.0, method: deferred_payment, currency: EUR
Address history · 1
20-04-2026
Registered seat: Avenue Hugo Van der Goes 94, 1160 Auderghem
All acts · 4
updated 3 months ago
2026
15-05-2026 Officer resignation · Officer appointment · Officer discharge · Power of attorney
- Filing: 2026-05-07 · JFA
- Publication: 2026-05-15 · JFA
- Officer resignation: role: administrateur, effective_date: immediate · Maxime Fattouch
- Officer appointment: role: administrateur, term: indéterminée, effective_date: immediate · Joseph Fattouch
- Officer discharge · Maxime Fattouch
- Power of attorney: scope: accomplir toutes démarches auprès de la Banque-Carrefour des Entreprises, au Moniteur belge, ainsi que de remplir toutes les formalités administratives qui seraient nécessaires · JFA
- Act object: Démission et nomination
Summary:
Officer resignation · Officer appointment · Officer discharge · Power of attorney
20-04-2026 Act object · Notarial deed · Incorporation · Founder
- Act object: CONSTITUTION · FaSquared Holdings
- Notarial deed: 2026-04-15 · FaSquared Holdings
- Incorporation: 2026-04-15 · FaSquared Holdings
- Founder · FATTOUCH Joseph Michel Elie Antoine
- Founder · FARES Edward
- Financial plan submission · FaSquared Holdings
- Founding capital: amount: 104000.0, currency: EUR · FaSquared Holdings
- Share distribution: currency: EUR, share_price: 104.0, total_shares: 1000 · FaSquared Holdings
- Share distribution: amount: 52000.0, shares: 500, currency: EUR · FATTOUCH Joseph Michel Elie Antoine
- Share distribution: amount: 52000.0, shares: 500, currency: EUR · FARES Edward
- Founding capital: amount: 52000.0, method: cash_deposit, currency: EUR · FATTOUCH Joseph Michel Elie Antoine
- Founding capital: amount: 52000.0, method: deferred_payment, currency: EUR · FARES Edward
- Registered seat: Avenue Hugo Van der Goes 94, 1160 Auderghem · FaSquared Holdings
- Officer appointment: role: administrateur non statutaire, duration: illimitée · JFA Management
- Mandate compensation: gratuit · JFA Management
- Permanent representative · FATTOUCH Joseph Michel Elie Antoine
- Auditor waiver · FaSquared Holdings
- Power of attorney: mandataire ad hoc · FATTOUCH Joseph Michel Elie Antoine
- First fiscal year: end: 2027-12-31, start: deposit_date · FaSquared Holdings
- Annual meeting schedule: 1ier juin à 18 heures · FaSquared Holdings
- Filing: 2026-04-16 · FaSquared Holdings
- Publication: 2026-04-20 · FaSquared Holdings
- Purpose: tant en Belgique qu’à l’étranger, pour compte propre ou compte de tiers ou en participation avec ceux-ci : 1 La société pourrait faire fonction de holding relative à des personnes morales, et notamment : - la prise de participations, directe ou indirecte, sous quelque forme que ce soit, dans toutes sociétés ou entreprises belges ou étrangères ; - le contrôle de leur gestion ou la participation à celle-ci par la prise de tous mandas au sein desdites sociétés ou entreprises ; - la création, la gestion, la mise en valeur et la liquidation d’un portefeuille se composant de tous titres, brevets, li
Summary:
Act object · Notarial deed · Incorporation · Founder
2024
08-10-2024 1 director appointed, 1 resigning
2021
04-11-2021 Incorporation of a new BV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes75
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
66
Profitability
100
Solvency
38
Growth
78
Stability
94
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Company registry
Company registry (CBE)
Crossroads BankActivities
Computerconsultancy-activiteiten62020Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200Holdings64200Activiteiten van holdings64210Overige ondersteunende activiteiten in verband met financiële diensten, exclusief verzekeringen en pensioenfondsen, n.e.g.66199Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen66199Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Activiteiten van hoofdkantoren70100Activiteiten van hoofdkantoren70100Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220
Primary activity highlighted.
Names & trade names
| Legal nameNL | JFA Management |
Registered office
Hugo Van der Goeslaan 94
1160 Oudergem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.