Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2023; threshold 65 %.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 October 2024 and has not been filed.
Financials
Financial year 2023
JBF GLOBAL EUROPE from Laakdal, company number BE0840552213, closed financial year 2023 with a result of € -2.5 million after tax. For that financial year JBF GLOBAL EUROPE recorded revenue of € 374.3 million and equity of € 50 million. Compared with financial year 2022, the result moved from € 18.6 million to € -2.5 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 24, 2023.
€ 50 million
▼ 5% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.5 million
▼ still € 18.6 million profit in 2022
Profit after tax over the fiscal year.
€ 6.6 million
▲ 261% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -7.2 million.
People and assets in 2023
92.2
▲ 1 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 11.9 million
▲ 21% vs 2022
€ 128,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 333,799
▼ 1% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 104 million
▼ 4% vs 2022
€ 15.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 32 million
▼ 5% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 34 days on average.
€ 1.8 million
▼ 64% vs 2022
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|
| Revenue | € 397,236,774 | € 374,349,683 | ▼ 6% |
| Profit after taxes | € 18,648,034 | € -2,497,185 | ▼ € 21.1 million |
| Equity | € 52,694,831 | € 50,001,084 | ▼ 5% |
| Total debts | € 147,947,920 | € 138,698,245 | ▼ 6% |
| Cash | € 1,835,205 | € 6,619,686 | ▲ 261% |
| Land & buildings | € 39,397,520 | € 37,780,817 | ▼ 4% |
| Retained profit | € -4,745,812 | € -7,242,997 | ▼ € 2.5 million |
| Bank debt | € 108,266,749 | € 104,007,685 | ▼ 4% |
| Balance sheet total | € 200,642,751 | € 188,699,328 | ▼ 6% |
| Employees (FTE) | 91.2 | 92.2 | ▲ 1 |
Key figures of JBF GLOBAL EUROPE, fiscal years 2022 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 October 2024.
What happened to JBF GLOBAL EUROPE?
What happened at JBF GLOBAL EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- KPMG Bedrijfsrevisoren stepped down as director. NBB
- New annual accounts for financial year 2023: loss of € 2.5 million (▼ € 21.1 million vs 2022). Source: NBB ↗
- KPMG Bedrijfsrevisoren became a director. NBB
- Arya Bhagirath Chandulal became a director. NBB
- Liu Zhuo became a director. NBB
- New establishment in Laakdal. KBO
- Start of the company according to the CBE. KBO
In short
From € 18.6 million profit in 2022 to € 2.5 million loss in 2023.
Paid € 3.5 million in corporate taxes since 2022.
Best year ever: 2022, with € 18.6 million profit.
Pays suppliers within 34 days on average.
A new publication or filing at JBF GLOBAL EUROPE? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind JBF GLOBAL EUROPE are Liu Zhuo and Arya Bhagirath Chandulal. The shares are held by JBF RAK LLC (100%) and JBF Bahrein SPC (0%).
Directors
According to the 2023 annual accounts
Liu Zhuo
Administrator-manager
since 2014
Arya Bhagirath Chandulal
Director
since 2020
Auditor · represented by Raf Cox
Also active at: Holding Communal - Gemeentelijke Holding - Gemeindliche Holding, CREFIUS, De Oever, H.E. MANAGEMENT (BELGIE), ASCOM (BELGIUM), Makita Europe, FIXXER, MCA Horeca +4 more
since 2022 · until 2025
Shareholders
JBF RAK LLC
100%
JBF Bahrein SPC
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Nijverheidsweg 4
2430 Laakdal
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0840.552.213
- VAT number
- BE 0840.552.213
- Registered office
- Nijverheidsweg 4, 2430 Laakdal
- Names & denominations
- JBF GLOBAL EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 October 2011
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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