ACTIVE

JAM GROUP

Export PDF

Financial year 2024 · closed on 31/12/2024

Net result

3,1 M €

+44.6% YoY

Revenue

28,4 M €

Equity

5,1 M €

+154.1% YoY

Workforce

26,7 ETP

-20.1% YoY

What does JAM GROUP do?

JAM GROUP is a Private limited company incorporated in 2002. Its main activity is: Construction of utility projects for electricity and telecommunications. Its registered office is in Lokeren. It employs on average 26,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.596.533

Incorporation

04/02/2002

Legal form

Private limited company

Registered office

Voshol 4
9160 Lokeren · FlandreSee on map

Contributed capital

221 568,26 €

Latest accounts

31/12/2024

Average workforce

26,7 ETP

Activities (NACE)

42220Construction of utility projects for electricity and telecommunications· main 42220Construction of utility projects for electricity and telecommunications 45215Maintenance and repair of motor vehicles

Joint committees (4)

124
14901
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2011		2010		2009		2008		2007		2006
Income statement
Revenue	28,4 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	6 M €	+99.0%	3 M €	+187%	1,1 M €	+88.3%	560,7 k €	-13.7%	650 k €	+10.9%	586 k €	+268%	159,3 k €	-54.0%	346,7 k €	+23.5%	280,7 k €	+42.8%	196,6 k €	-31.3%	286,3 k €	+35.1%	211,8 k €	-23.3%	276,1 k €	+8.0%	255,6 k €	+108%	123 k €	-50.4%	247,8 k €	-30.2%	355,1 k €	+3.5%	343,1 k €
Operating result	6 M €	+99.9%	3 M €	+195%	1 M €	+95.4%	516,5 k €	-12.9%	593,1 k €	+12.8%	525,8 k €	+454%	94,8 k €	-66.6%	284,1 k €	+21.1%	234,7 k €	+63.3%	143,7 k €	-38.2%	232,6 k €	+58.2%	147,1 k €	-35.5%	228 k €	+7.4%	212,3 k €	+160%	81,7 k €	-58.5%	196,8 k €	-34.6%	300,8 k €	+6.1%	283,5 k €
Net result	3,1 M €	+44.6%	2,1 M €	+204%	700,6 k €	+90.4%	368 k €	-15.7%	436,4 k €	+29.3%	337,5 k €	+619%	46,9 k €	-70.4%	158,7 k €	+20.2%	132,1 k €	+70.6%	77,4 k €	-49.0%	151,8 k €	+62.7%	93,3 k €	-33.6%	140,6 k €	+3.6%	135,7 k €	+231%	41 k €	-57.9%	97,5 k €	-63.8%	269,1 k €	+47.5%	182,5 k €
Balance sheet
Equity	5,1 M €	+154%	2 M €	-3.4%	2,1 M €	+27.8%	1,6 M €	+29.4%	1,3 M €	+53.6%	814,3 k €	+12.0%	726,7 k €	+0.3%	724,8 k €	+22.6%	591,1 k €	+10.7%	534 k €	+0.5%	531,6 k €	+8.5%	489,8 k €	+38.2%	354,4 k €	+0.2%	353,9 k €	+5.4%	335,8 k €	+13.9%	294,9 k €	-6.4%	315 k €	+12.0%	281,2 k €
Total assets	14,4 M €	+49.5%	9,6 M €	+2.0%	9,4 M €	+112%	4,5 M €	-56.2%	10,2 M €	+258%	2,8 M €	+92.8%	1,5 M €	-11.6%	1,7 M €	-17.5%	2 M €	+20.0%	1,7 M €	+63.2%	1 M €	-8.7%	1,1 M €	-15.0%	1,3 M €	+98.9%	666,9 k €	-11.1%	750,2 k €	+10.2%	680,6 k €	-13.9%	790,2 k €	+15.1%	686,6 k €
Cash	7,9 M €	+161%	3 M €	+109%	1,5 M €	-14.9%	1,7 M €	-15.5%	2 M €	+699%	253,7 k €	-37.9%	408,4 k €	-47.9%	784,2 k €	+81.2%	432,8 k €	-48.4%	839,6 k €	+39.4%	602,4 k €	+289%	154,8 k €	-78.1%	705,8 k €	+175%	256,4 k €	-23.0%	332,8 k €	+12.3%	296,3 k €	-38.1%	478,4 k €	+14.6%	417,5 k €
Debts	9,3 M €	+22.2%	7,6 M €	+3.5%	7,4 M €	+160%	2,8 M €	-68.2%	8,9 M €	+755%	1 M €	+39.7%	745,9 k €	+22.7%	607,7 k €	-46.6%	1,1 M €	-0.8%	1,1 M €	+239%	339,2 k €	-46.9%	638,4 k €	+12.0%	570,3 k €	+112%	268,4 k €	-11.1%	302 k €	-19.8%	376,4 k €	-20.8%	475,2 k €	+21.0%	392,7 k €
Other
Workforce	26,7 ETP	-20.1%	33,4 ETP	-8.7%	36,6 ETP	+1.4%	36,1 ETP	+19.1%	30,3 ETP	-19.6%	37,7 ETP	-8.5%	41,2 ETP	+28.3%	32,1 ETP	+11.8%	28,7 ETP	-7.7%	31,1 ETP	-9.9%	34,5 ETP	+39.7%	24,7 ETP	-1.2%	25,0 ETP	+8.2%	23,1 ETP	+32.8%	17,4 ETP	+37.0%	12,7 ETP	+6.7%	11,9 ETP	-5.6%	12,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 5 ended

Active mandates

ZJSJ

Bestuurder · 0536.441.573

Represented by Jamal Achahbar

Active

Ended mandates

Jamal Achahbar

Bestuurder

Ended

Jamal ACHAHBAR

Director

Ended

Jamal ACHAHBAR

Manager

Ended

ZAJOSO BV

Bestuurder

Represented by Jamal Achahbar

Ended

At this address

Other companies at this address

Company	CBE no.
JAM GROUP● Active	0849.875.002
JN● Active	0535.974.191
ZJSJ● Active	0536.441.573

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/08/2025	31/08/2024	10/10/2023	27/01/2023	14/03/2022	21/10/2020
General meeting	29/08/2025	15/06/2024	15/06/2023	15/06/2022	15/06/2021	21/09/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	29/08/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	15/06/2024	31/08/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	10/10/2023	Dutch	PDF
Abridged model	31/12/2021	15/06/2022	27/01/2023	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	14/03/2022	Dutch	PDF
Abridged model	31/12/2019	21/09/2020	21/10/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	23/09/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	06/09/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	18/09/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	07/09/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	29/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	08/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	18/09/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	30/09/2009	Dutch	PDF
Abridged model	31/12/2007	16/06/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	12/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 5 ended

Active mandates

ZJSJ

Bestuurder · 0536.441.573

Represented by Jamal Achahbar

Active

Ended mandates

Jamal Achahbar

Bestuurder

Ended

Jamal ACHAHBAR

Director

Ended

Jamal ACHAHBAR

Manager

Ended

ZAJOSO BV

Bestuurder

Represented by Jamal Achahbar

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/08/2025
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates22/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/04/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office15/07/2015
MAATSCHAPPELIJKE ZETEL
PDF
Restructuring16/07/2013
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring27/05/2013
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 20243,1 M €↑
2023
Annual accounts 20232,1 M €↑
2022
Annual accounts 2022700,6 k €↑
2021
Annual accounts 2021368 k €↓
2020
Annual accounts 2020436,4 k €↑
2019
Annual accounts 2019337,5 k €↑
2018
Annual accounts 201846,9 k €↓
2017
Annual accounts 2017158,7 k €↑
2016
Annual accounts 2016132,1 k €↑
2015
Annual accounts 201577,4 k €↓
2014
Annual accounts 2014151,8 k €↑
2013
Annual accounts 201393,3 k €↓
2011
Annual accounts 2011140,6 k €↑
2010
Annual accounts 2010135,7 k €↑
2009
Annual accounts 200941 k €↓
2008
Annual accounts 200897,5 k €↓
2007
Annual accounts 2007269,1 k €↑
2006
Annual accounts 2006182,5 k €
04/02/2002
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

JAM GROUP

Overview

What does JAM GROUP do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline