Checked.be
Active
BE 0655.707.330Private limited company
Note Jan
Dreefvelden 56 ·2860 Sint-Katelijne-Waver, Belgium· 10 yrs active
Sector: Joinery installation
(43320)
Conclusion
Note Jan has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.15M and a net result of €253k. Equity is growing by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 64% of 343 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 | €1.15M |
| Net result | €253k |
| Staff (FTE) | 4.7 |
| Better than sector | 64% |
Financial profile
90
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
100
Solvency
84
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2016, 10 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 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.
Checked score
86
/ 100
Excellent
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
€100k
estimate, not credit advice
Score history
86
2022
63
2023
81
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.53 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.49 (≥ 1.0)
+5
Leverage
Debt/equity 1.02 (< 2.0)
+3
Profitability
ROE 22% (≥ 10%)
+10
Interest coverage
Interest coverage 7.0× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-07-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~20.2%/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 43, Specialised construction activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 49.4% | 39.1% | |
| Net result | €253k | €40k | |
| Equity | €1.15M | €193k | |
| Gross operating margin | €801k | €230k | |
| Staff costs | €312k | €224k |
€487k
-13.3%
22-25
€253k
-19.2%
22-25
€369k
-8.3%
22-25
€2.32M
+7.8%
22-25
€1.15M
+28.3%
22-25
€374k
+75.8%
22-25
5
+17.5%
22-25
€312k
+17.3%
22-25
€73k
-35.0%
22-25
€0
-100.0%
22-25
€1.17M
-6.8%
22-25
€705k
-12.2%
22-25
€459k
+2.9%
22-25
1.53
+21.0%
22-25
1.49
+20.7%
22-25
49.4%
+19.1%
22-25
1.02
-27.4%
22-25
22.1%
-37.0%
22-25
10.9%
-25.0%
22-25
7.02
-23.3%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €487k | €562k | €663k | €305k |
| Net profit | €253k | €313k | €434k | €144k |
| Cash flow | €369k | €402k | €526k | €244k |
| Staff costs | €312k | €266k | €223k | €215k |
| Income taxes | €73k | €112k | €141k | €47k |
| Dividends | - | €0 | €704k | - |
| Total assets | €2.32M | €2.15M | €1.97M | €1.75M |
| Equity | €1.15M | €893k | €580k | €849k |
| Debt | €1.17M | €1.26M | €1.39M | €902k |
| of which ≤ 1y | €705k | €803k | €823k | €234k |
| of which > 1y | €459k | €446k | €546k | €668k |
| Working capital | €374k | €213k | €-28k | €304k |
| Employees (FTE) | 4.7 | 4.0 | 4.5 | 4.8 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.53 | 1.27 | 0.97 | 2.30 |
| Quick ratio | 1.49 | 1.23 | 0.94 | 2.20 |
| Working capital ratio | 16.1% | 9.9% | -1.4% | 17.3% |
| Solvency | 49.4% | 41.5% | 29.5% | 48.5% |
| Debt / equity | 1.02 | 1.41 | 2.40 | 1.06 |
| Long-term debt ratio | 0.40 | 0.50 | 0.94 | 0.79 |
| Interest coverage | 7.02 | 9.16 | 45.62 | 19.90 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 10.9% | 14.6% | 22.1% | 8.2% |
| ROE | 22.1% | 35.1% | 74.9% | 17.0% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 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 | €2.32M | €2.15M | €1.97M | €1.75M |
| Fixed assets | 21/28 | €1.24M | €1.13M | €1.17M | €1.21M |
| Tangible fixed assets | 22/27 | €1.24M | €1.13M | €1.17M | €1.21M |
| Financial fixed assets | 28 | €0 | €6k | - | - |
| Current assets | 29/58 | €1.08M | €1.02M | €795k | €537k |
| Stocks & contracts in progress | 3 | €30k | €25k | €19k | €23k |
| Amounts receivable within one year | 40/41 | €94k | €185k | €142k | €65k |
| Investments | 50/53 | €130k | €210k | €120k | - |
| Cash & bank | 54/58 | €825k | €596k | €514k | €450k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.32M | €2.15M | €1.97M | €1.75M |
| Equity | 10/15 | €1.15M | €893k | €580k | €849k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €1.13M | €874k | €561k | €831k |
| Accumulated profits (losses) | 14 | - | €0 | - | - |
| Amounts payable | 17/49 | €1.17M | €1.26M | €1.39M | €902k |
| Amounts payable after one year | 17 | €459k | €446k | €546k | €668k |
| Amounts payable within one year | 42/48 | €705k | €803k | €823k | €234k |
| Trade debts payable within one year | 44 | €12k | €50k | €22k | €32k |
| Income statement | |||||
| Gross operating margin | 9900 | €801k | €830k | €889k | €523k |
| Operating result | 9901 | €371k | €473k | €572k | €205k |
| Financial income | 75 | €24k | €13k | €3k | €835 |
| Financial charges | 65 | €69k | €61k | €15k | €15k |
| Result before taxes | 9903 | €326k | €425k | €575k | €191k |
| Income taxes | 67/77 | €73k | €112k | €141k | €47k |
| Net result for the period | 9904 | €253k | €313k | €434k | €144k |
| Result to be appropriated | 9905 | €253k | €124k | €434k | €144k |
Legal Structure
| NACE primary | Joinery installation(43320) |
| Legal form | Private limited company(610) |
| Incorporation | 24-05-2016 |
| Status | Active |
| Postal code | 2860 |
Establishment units
Dreefvelden 56, 2860 Sint-Katelijne-Waver
since 20212.314.902.228
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12035B0613/00E002 | Flanders | 2,410 m² | 1 · 1,105 m² | 0.8 m |
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
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €1MEq €1.15M ▲28.3%
4 profitable years in a row build equity to €1.15M.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2022net €434k ▲201%
Operating result €572k, net result €434k, both a record.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Joinery installation43320
Names & trade names
| Legal nameNL | Note Jan |
| AbbreviationNL | NJC |
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