Active BE 0468.878.204Private limited company

JTS

Kozakstraat 4 ·8560 Wevelgem, Belgium· 26 yrs active

Sector: Freight transport by road (49410)

Conclusion Checked

JTS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67k and a net result of €47k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 84% of 4219 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€67k
Net result	€47k
Better than sector	84%
Active	26 yrs

Financial profile 5 of 5 axes measured · computed by Checked

96 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 100

Solvency 100

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.8% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1999, 26 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

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.

Checked score FY 2025 · computed

100 / 100 Excellent

050100

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.

Indicative credit limit

€7k

estimate, not credit advice

Score history

50 2022

78 2023

70 2024

100 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 4.09 (≥ 1.5) +10

Quick ratio Quick ratio 4.09 (≥ 1.0) +5

Leverage Debt/equity 0.29 (< 1.0) +10

Profitability ROE 70% (≥ 10%) +10

Interest coverage Interest coverage 174.3× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview25 NBB filings

Annual accounts filed on 10-12-2025 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~13.7%/year over 4 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 49, Land transport and transport via pipelines · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	77.5%	39.2%	better than 84% of 4219 sector peers
Net result	€47k	€6k	better than 89% of 4200 sector peers
Equity	€67k	€38k	better than 63% of 4226 sector peers
Gross operating margin	€68k	€41k	better than 63% of 4198 sector peers
Total assets	€86k	€114k	better than 42% of 4221 sector peers

EBITDA

€67k

+564.2% 22-25

Net profit

€47k

- 22-25

Cash flow

€55k

+475.1% 22-25

Total assets

€86k

+144.8% 22-25

Equity

€67k

+140.0% 22-25

Working capital

€60k

+273.4% 22-25

Income taxes

€12k

- 22-25

Debt

€19k

+163.0% 22-25

Debt ≤ 1y

€19k

+163.0% 22-25

Debt > 1y

€7k

- 22-25

Current ratio

4.09

+28.8% 22-25

Quick ratio

4.09

+28.8% 22-25

Solvency

77.5%

-2.0% 22-25

Debt / equity

0.29

+9.6% 22-25

ROE

70.3%

- 22-25

ROA

54.5%

- 22-25

Interest coverage

174.30

+778.4% 22-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-
EBITDA	€67k	€10k	€13k	€701
Net profit	€47k	€-615	€-596	€-10k
Cash flow	€55k	€10k	€10k	€191
Staff costs	-	-	-	-
Income taxes	€12k	-	-	-
Dividends	-	-	-	-
Total assets	€86k	€35k	€39k	€47k
Equity	€67k	€28k	€29k	€29k
Debt	€19k	€7k	€11k	€18k
of which ≤ 1y	€19k	€7k	€11k	€12k
of which > 1y	-	-	-	€7k
Working capital	€60k	€16k	€8k	€6k
Employees (FTE)	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022
Current ratio	4.09	3.17	1.76	1.50
Quick ratio	4.09	3.17	1.76	1.50
Working capital ratio	69.5%	45.6%	21.0%	12.2%
Solvency	77.5%	79.0%	72.5%	61.3%
Debt / equity	0.29	0.27	0.38	0.63
Long-term debt ratio	-	-	-	0.23
Interest coverage	174.30	19.84	4.47	1.37
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	54.5%	-1.7%	-1.5%	-21.5%
ROE	70.3%	-2.2%	-2.1%	-35.1%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €7k · 8.0% Current assets €80k · 92.0%

Equity & liabilities

Equity €67k · 77.5% Debt €19k · 22.5%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€86k	€35k	€39k	€47k
Fixed assets	21/28	€7k	€12k	€20k	€30k
Tangible fixed assets	22/27	€7k	€12k	€20k	€30k
Current assets	29/58	€80k	€23k	€19k	€17k
Amounts receivable within one year	40/41	€9k	€10k	€9k	€5k
Investments	50/53	€50k	-	-	-
Cash & bank	54/58	€21k	€13k	€10k	€12k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€86k	€35k	€39k	€47k
Equity	10/15	€67k	€28k	€29k	€29k
Contributions / capital	10/11	€12k	€12k	€12k	€12k
Reserves	13	€55k	€15k	€16k	€17k
Amounts payable	17/49	€19k	€7k	€11k	€18k
Amounts payable after one year	17	-	-	-	€7k
Amounts payable within one year	42/48	€19k	€7k	€11k	€12k
Trade debts payable within one year	44	€314	€4k	€901	€953
Income statement
Gross operating margin	9900	€68k	€11k	€13k	€1k
Operating result	9901	€59k	€-108	€2k	€-10k
Financial income	75	€166	€0	€2	-
Financial charges	65	€384	€507	€3k	€510
Result before taxes	9903	€59k	€-615	€-596	€-10k
Income taxes	67/77	€12k	-	-	-
Net result for the period	9904	€47k	€-615	€-596	€-10k
Result to be appropriated	9905	€47k	€-615	€-596	€-10k

Directors & mandates 1 directors

Current directors & mandates

Piet DECONINCK
Director
State Gazette act 23432268 (21-11-2023)

Current
21-11-2023 → present
3 events
- 21-11-2023 Appointed· Director
- 21-11-2023 Resigned· Director
- 21-11-2023 Appointed· Non-statutory director

Legal Structure

NACE primary	Freight transport by road(49410)
Legal form	Private limited company(610)
Incorporation	28-12-1999
Status	Active
Postal code	8560

Establishment units 1 location

JTS

Kozakstraat 4, 8560 WevelgemFreight transport by road

since 20002.115.714.807

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34041C0535/00L004	Flanders	778 m²	1 · 302 m²	13.4 m · 3 fl.

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.

Updates 11 events

All 12Financial 1Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2025

10-12

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

30-06

Financial Back to profitnet €47k

Net result €47k after 3 loss-making years.

2024

23-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2023

26-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

21-11

State Gazette act Director changes

ANN STROBBE · correction

2022

30-12

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2021

30-12

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2020

21-12

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2019

21-12

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2018

29-12

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2017

28-12

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2016

27-12

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

21-11-2023 2 directors appointed, 1 resigning Director changes·ANN STROBBEcorrection

Piet DECONINCK, Bestuurder
Piet DECONINCK, Niet-statutair bestuurder
Piet DECONINCK, Bestuurder

Notary: ANN STROBBE · Wevelgem

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Freight transport by road49410Business and other management consultancy70200Business consulting70220

Names & trade names

Legal nameNL

JTS

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