BARJAPAT · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of BARJAPAT is 0.1% (very low). The 2024 annual accounts show equity of €5.20M and a net result of €4.63M. Equity is growing by ~33.5% per year across the filed fiscal years. Its solvency ranks better than 86% of 302 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 86% of 302 peers (2024). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. 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-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 17 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. 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 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	10-07-2025	21 d early	2025-00260687
31-12-2023	31-07-2024	23-10-2024	84 d late	2024-00514783
31-12-2022	31-07-2023	01-06-2023	60 d early	2023-00107248
31-12-2021	31-07-2022	29-07-2022	2 d early	2022-20275031
31-12-2020	31-07-2021	16-07-2021	15 d early	2021-36800213
31-12-2019	31-07-2020	13-08-2020	13 d late	2020-41100476
31-12-2018	31-07-2019	22-07-2019	9 d early	2019-36200476
31-12-2017	31-07-2018	25-06-2018	36 d early	2018-23900341
31-12-2016	31-07-2017	27-06-2017	34 d early	2017-22500163
31-12-2015	31-07-2016	22-06-2016	39 d early	2016-20900025

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 signals

Established

Founded in 2008, 17 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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.1% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Annual accounts: healthy financial profile −Long track record −

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€4.63M+353.1%

Working capital€6.03M+8909.8%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 10-07-2025 with the NBB · fiscal year 2024 · volledig

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 ~33.5%/year over 7 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 2024 · NACE 69, Legal & accounting · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	72.5%	22.9%	better than 86% of 302 sector peers
Net result	€4.63M	€73k	better than 95% of 301 sector peers
Equity	€5.20M	€115k	better than 95% of 302 sector peers
Gross operating margin	€6.05M	€239k	better than 95% of 291 sector peers
Staff costs	€65k	€339k	higher than 18% of 174 sector peers

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).

Solvency P86

Improving position over 2020-2024 · n=92-302

Net result P95

Stable position over 2020-2024 · n=90-301

Equity P95

Stable position over 2020-2024 · n=92-302

Gross operating margin P95

Stable position over 2020-2024 · n=85-291

Describes the position versus peers, not a forecast.

EBITDA

€5.97M

+391.1% 18-24

Net profit

€4.63M

+353.1% 18-24

Cash flow

€4.68M

+282.1% 18-24

Total assets

€7.17M

-25.9% 18-24

Equity

€5.20M

+609.7% 18-24

Working capital

€6.03M

+8909.8% 18-24

Employees (FTE)

1

-92.1% 18-24

Staff costs

€65k

-94.6% 18-24

Show 11 other metrics

Income taxes

€39k

+6270.3% 18-24

Debt

€511k

-94.3% 18-24

Debt ≤ 1y

€269k

-96.9% 18-24

Debt > 1y

€242k

-21.9% 18-24

Current ratio

23.39

+2220.9% 18-24

Quick ratio

23.39

+2220.9% 18-24

Solvency

72.5%

+858.1% 18-24

Debt / equity

0.10

-99.2% 18-24

ROE

89.1%

-36.2% 18-24

ROA

64.6%

+511.7% 18-24

Interest coverage

313.51

+430.7% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	volledig
Revenue	-
EBITDA	€5.97M
Net profit	€4.63M
Cash flow	€4.68M
Staff costs	€65k
Income taxes	€39k
Dividends	-
Total assets	€7.17M
Equity	€5.20M
Debt	€511k
of which ≤ 1y	€269k
of which > 1y	€242k
Working capital	€6.03M
Employees (FTE)	1.2

Ratios (computed)

	2024
Current ratio	23.39
Quick ratio	23.39
Working capital ratio	84.1%
Solvency	72.5%
Debt / equity	0.10
Long-term debt ratio	0.05
Interest coverage	313.51
Gross margin	-
Net margin	-
ROA	64.6%
ROE	89.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €869k · 12.1% Current assets €6.30M · 87.9%

Equity & liabilities

Equity €5.20M · 72.6% Provisions €1.46M · 20.3% Debt €511k · 7.1%

Full annual accounts (23 line items)

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

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€7.17M
Fixed assets	21/28	€869k
Tangible fixed assets	22/27	€869k
Current assets	29/58	€6.30M
Amounts receivable within one year	40/41	€495k
Investments	50/53	€4.42M
Cash & bank	54/58	€1.38M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€7.17M
Equity	10/15	€5.20M
Contributions / capital	10/11	€20k
Reserves	13	€5.18M
Provisions & deferred taxes	16	€1.46M
Amounts payable	17/49	€511k
Amounts payable after one year	17	€242k
Amounts payable within one year	42/48	€269k
Income statement
Gross operating margin	9900	€6.05M
Operating result	9901	€5.93M
Financial income	75	€220k
Financial charges	65	€19k
Result before taxes	9903	€6.13M
Income taxes	67/77	€39k
Net result for the period	9904	€4.63M
Result to be appropriated	9905	€263k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · 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.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

2 directors

5 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Current directors & mandates

ERMIJADELegal entity
Director· perm. rep.: Louis Jadoul
State Gazette act 25374139 (04-12-2025)

Current
02-12-2025 → present
Thibaut de Paul de Barchifontaine
Director
State Gazette act 25374139 (04-12-2025)

Current
02-12-2025 → 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 van notarissen(69102)
Legal form	Private limited company(610)
Incorporation	10-12-2008
Status	Active
Postal code	5004

Structure & network

Connections & network

2 connected companies

Group structure

ERMIJADE

Sits on the board · 2 subsidiaries

Control→

Network connections

Sceau Not, Société Notariale

Shared corporate director

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

1 party

Control over this companysits on this company's board1

ERMIJADE

2 subsidiaries

controls

BARJAPATBE 0808.323.467

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Parcels1

Ground area2,071 m²

Buildings1

Building footprint251 m²

Volume (LiDAR)1,850 m³

Tallest building10.2 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels 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.

Wallonia 1 (100%)