ACTIVE

JSA HOLDING

Financial year 2025 · closed on 31/12/2025
Net result
-41,5 k €
-191.0% YoY
Gross margin
-42,9 k €
-372.9% YoY
Equity
3,1 M €
-1.3% YoY

What does JSA HOLDING do?

JSA HOLDING is a Public limited company incorporated in 2010. Its main activity is: Other credit granting. Its registered office is in Herstal.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0828.249.346
Incorporation
03/08/2010
Legal form
Public limited company
Registered office
Rue de l'Abbaye 85
4040 Herstal · WallonieSee on map
Contributed capital
2 289 351,00 €
Latest accounts
31/12/2025
Signals
Solid equity
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220112010
Income statement
Gross margin-42,9 k €-9,1 k €-14,5 k €-7,1 k €-4,3 k €-4,9 k €-2,3 k €-16,6 k €-6,8 k €-4,1 k €-90,5 k €
EBITDA-43,9 k €-10 k €-15,4 k €-8 k €-5,2 k €-5,7 k €-3,2 k €-3,1 k €-2,9 k €-3,7 k €-6,1 k €-4,9 k €-17,5 k €-7,7 k €-4,4 k €-90,9 k €
Operating result-43,9 k €-10 k €-15,4 k €-8 k €-5,2 k €-5,7 k €-3,2 k €-3,1 k €-2,9 k €-3,7 k €-6,1 k €-4,9 k €-17,5 k €-7,7 k €-4,4 k €-95,4 k €
Net result-41,5 k €45,6 k €38 k €31,6 k €31 k €29,8 k €40,5 k €64,8 k €93,3 k €104,6 k €89,9 k €95,9 k €330,4 k €69,7 k €79,8 k €-296,3 k €
Balance sheet
Equity3,1 M €3,1 M €3,1 M €3,1 M €3 M €3 M €3 M €2,9 M €2,9 M €2,8 M €2,7 M €3,3 M €3,2 M €2,9 M €2,8 M €2,7 M €
Total assets7,3 M €4,5 M €3,2 M €3,2 M €3,2 M €3 M €3,5 M €3,2 M €3,1 M €3 M €2,9 M €3,3 M €3,2 M €2,9 M €2,8 M €2,8 M €
Cash285,3 k €5,4 k €580,1 k €826 k €1,8 M €1,9 M €2,9 M €2,9 M €314,5 k €365 k €400,1 k €123 k €228,3 k €20,3 k €12,8 k €8,7 k €
Debts4,2 M €1,3 M €83,5 k €126,6 k €209 k €4,8 k €566,3 k €300,9 k €284 k €283,7 k €282,4 k €98,8 €348,5 €2,6 k €54 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 23 ended

Active mandates

André FLAS

Administrateur · since 15 avril 2025 · until 15 avril 2028

Active
Thierry PHILIPPE

Chairman of the board of directors · since 15 avril 2025 · until 15 avril 2028

Active

Ended mandates

André FLAS

Administrateur · since 16 avril 2022 · until 15 avril 2025

Ended
Thierry PHILIPPE

Chairman of the board of directors · since 16 avril 2022 · until 15 avril 2025

Ended
André FLAS

Administrateur · since 15 avril 2022 · until 15 avril 2025

Ended
Thierry PHILIPPE

Chairman of the board of directors · since 15 avril 2022 · until 15 avril 2025

Ended
At this address

Other companies at this address

CompanyCBE no.
JACQUET BENELUXActive
0443.032.157
JSAActive
0432.972.069
0505.984.167
0536.836.008
JSA TOPActive
0722.900.220
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelMicro modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/08/202620/06/202524/06/202420/06/202301/07/202223/06/2021
General meeting15/04/202615/04/202515/04/202415/04/202315/04/202215/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202515/04/202631/08/2026FrenchPDF
Abridged model31/12/202415/04/202520/06/2025FrenchPDF
Micro model31/12/202315/04/202424/06/2024FrenchPDF
Abridged model31/12/202215/04/202320/06/2023FrenchPDF
Abridged model31/12/202115/04/202201/07/2022FrenchPDF
Abridged model31/12/202015/04/202123/06/2021FrenchPDF
Micro model31/12/201915/04/202030/06/2020FrenchPDF
Full model31/12/201815/04/201921/06/2019FrenchPDF
Full model31/12/201716/04/201829/05/2018FrenchPDF
Full model31/12/201615/04/201714/07/2017FrenchPDF
Full model31/12/201515/04/201611/07/2016FrenchPDF
Full model31/12/201415/04/201505/06/2015FrenchPDF
Abridged model31/12/201315/04/201426/06/2014FrenchPDF
Abridged model31/12/201215/04/201301/07/2013FrenchPDF
Abridged model31/12/201116/05/201217/07/2012FrenchPDF
Abridged model31/12/201015/04/201120/06/2011FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 31/12/2025 · 2 active · 23 ended

Active mandates

André FLAS

Administrateur · since 15 avril 2025 · until 15 avril 2028

Active
Thierry PHILIPPE

Chairman of the board of directors · since 15 avril 2025 · until 15 avril 2028

Active

Ended mandates

André FLAS

Administrateur · since 16 avril 2022 · until 15 avril 2025

Ended
Thierry PHILIPPE

Chairman of the board of directors · since 16 avril 2022 · until 15 avril 2025

Ended
André FLAS

Administrateur · since 15 avril 2022 · until 15 avril 2025

Ended
Thierry PHILIPPE

Chairman of the board of directors · since 15 avril 2022 · until 15 avril 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/05/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other03/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates29/09/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/05/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/08/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares24/11/2015
    CAPITAL, ACTIONS
    PDF
  • Mandates23/06/2015
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/07/2014
    DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 2025-41,5 k €
  2. 2024
    Annual accounts 202445,6 k €
  3. 2023
    Annual accounts 202338 k €
  4. 2022
    Annual accounts 202231,6 k €
  5. 2021
    Annual accounts 202131 k €
  6. 2020
    Annual accounts 202029,8 k €
  7. 2019
    Annual accounts 201940,5 k €
  8. 2018
    Annual accounts 201864,8 k €
  9. 2017
    Annual accounts 201793,3 k €
  10. 2016
    Annual accounts 2016104,6 k €
  11. 2015
    Annual accounts 201589,9 k €
  12. 2014
    Annual accounts 201495,9 k €
  13. 2013
    Annual accounts 2013330,4 k €
  14. 2012
    Annual accounts 201269,7 k €
  15. 2011
    Annual accounts 201179,8 k €
  16. 2010
    Annual accounts 2010-296,3 k €
  17. 03/08/2010
    IncorporationPublic limited company