DJOELS
ActiveSummary
DJOELS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €219k and a net result of €54k. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 65% of 1648 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-11
Solvency86▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 2.52 against 3.78 in 2024; short-term debt: 37.5% and cash: 0.8% of total assets), and 39.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.8%
Return on assets
15.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
32 d late
2024
57 d late
2023
6 d late
2022
16 d late
2021
25 d late
2020
54 d late
2019
46 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€219k▼ 8.7%
2024 · €239k
2019: €97klowest in 7 years
2020: €117k▲ +21.3% vs 2019
2021: €145k▲ +23.3% vs 2020
2022: €172k▲ +18.8% vs 2021
2023: €198k▲ +15.4% vs 2022
2024: €239k▲ +20.7% vs 2023highest in 7 years
2025: €219k▼ -8.7% vs 2024
2019 → 2025
Total assets
€359k▲ 11.0%
2024 · €324k
2019: €198klowest in 7 years
2020: €237k▲ +20.0% vs 2019
2021: €230k▼ -3.0% vs 2020
2022: €246k▲ +7.1% vs 2021
2023: €321k▲ +30.5% vs 2022
2024: €324k▲ +0.8% vs 2023
2025: €359k▲ +11.0% vs 2024highest in 7 years
2019 → 2025
Net result
€54k▼ 30.4%
2024 · €78k
2019: €24k
2020: €21k▼ -13.6% vs 2019lowest in 7 years
2021: €27k▲ +32.9% vs 2020
2022: €27k▼ -0.7% vs 2021
2023: €26k▼ -2.6% vs 2022
2024: €78k▲ +196% vs 2023highest in 7 years
2025: €54k▼ -30.4% vs 2024
2019 → 2025
Working capital
€205k▼ 12.9%
2024 · €235k
2019: €97klowest in 7 years
2020: €111k▲ +13.5% vs 2019
2021: €144k▲ +30.0% vs 2020
2022: €172k▲ +19.4% vs 2021
2023: €195k▲ +13.8% vs 2022
2024: €235k▲ +20.4% vs 2023highest in 7 years
2025: €205k▼ -12.9% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€145k-€172k▲ 18.8%€198k▲ 15.4%€239k▲ 20.7%€219k▼ 8.7%
2021: €145klowest in 5 years
2022: €172k▲ +18.8% vs 2021
2023: €198k▲ +15.4% vs 2022
2024: €239k▲ +20.7% vs 2023highest in 5 years
2025: €219k▼ -8.7% vs 2024
Operating result€42k-€37k▼ 12.0%€33k▼ 10.6%€129k▲ 290%€78k▼ 39.5%
2021: €42k
2022: €37k▼ -12.0% vs 2021
2023: €33k▼ -10.6% vs 2022lowest in 5 years
2024: €129k▲ +290% vs 2023highest in 5 years
2025: €78k▼ -39.5% vs 2024
Net result€27k-€27k▼ 0.7%€26k▼ 2.6%€78k▲ 196%€54k▼ 30.4%
2021: €27k
2022: €27k▼ -0.7% vs 2021
2023: €26k▼ -2.6% vs 2022lowest in 5 years
2024: €78k▲ +196% vs 2023highest in 5 years
2025: €54k▼ -30.4% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 39% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €359k
Fixed assets
€20k ▲ 365%
Current assets
€339k ▲ 6.2%
Equity and liabilities €359k
Equity
€219k ▼ 8.7%
Debt
€141k ▲ 66.5%
Debt's share of the balance-sheet total rises from 26.1% to 39.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€84k▼
2024 · €134k
Cash flow
€60k▼
2024 · €83k
Current ratio
2.52▼
2024 · 3.78
Quick ratio
2.51▼
2024 · 3.77
Debt to equity
0.64▲
2024 · 0.35
ROE
24.9%▼
2024 · 32.7%
ROA
15.1%▼
2024 · 24.1%
Interest coverage
38.74▼
2024 · 44.85
Debt ≤ 1 year
€135k▲
2024 · €85k
Debt > 1 year
€6k
Income taxes
€29k▼
2024 · €55k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€324k€359k▲
Fixed assets21/28€4k€20k▲
Tangible fixed assets22/27€4k€20k▲
Land and buildings22€569€432▼
Plant, machinery and equipment23€1k€299▼
Furniture and vehicles24€2k€19k▲
Current assets29/58€320k€339k▲
Amounts receivable after more than one year29€300k€320k▲
Other amounts receivable291€300k€320k▲
Stocks and contracts in progress3€1k€1k=
Stocks30/36€1k€1k=
Amounts receivable within one year40/41€6k€15k▲
Trade receivables40€6k€15k▲
Other amounts receivable41€14-
Cash at bank and in hand54/58€12k€3k▼
Deferred charges and accrued income490/1€250€250=
Equity and liabilities
Total equity and liabilities10/49€324k€359k▲
Equity10/15€239k€219k▼
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€218k€198k▼
Distributable reserves133€218k€198k▼
Profit (loss) carried forward14€2k€2k=
Amounts payable17/49€85k€141k▲
Amounts payable after more than one year17-€6k
Financial debts170/4-€6k
Amounts payable within one year42/48€85k€135k▲
Current portion of amounts payable after more than one year42-€2k
Financial debts43€15k€12k▼
Credit institutions430/8€15k€12k▼
Trade debts44€7k€8k▲
Suppliers440/4€7k€8k▲
Taxes, remuneration and social security45€31k€30k▼
Taxes450/3€31k€30k▼
Remuneration and social security454/9-€750
Other amounts payable47/48€31k€83k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€6k€1k▼
Gross operating margin9900€139k€85k▼
Operating profit (loss)9901€129k€78k▼
Financial income75/76B€7k€8k▲
Recurring financial income75€7k€8k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€133k€84k▼
Income taxes67/77€55k€29k▼
Profit (loss) for the period9904€78k€54k▼
Profit (loss) for the period to be appropriated9905€78k€54k▼
Appropriation of the result
Profit (loss) to be appropriated9906€80k€57k▼
Profit (loss) brought forward from the previous period14P€2k€2k=
Transfer from equity791/2€37k€75k▲
Transfer to equity691/2€78k€54k▼
To other reserves6921€78k€54k▼
Profit to be distributed694/7€37k€75k▲
Return on contributions (dividend)694€37k€75k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €7k | €7k | €4k | €5k | ▲ 21.5% |
| Other operating charges640/8 | - | €1k | €833 | €6k | €1k | ▼ 77.0% |
| Gross operating margin9900 | €49k | €45k | €41k | €139k | €85k | ▼ 39.1% |
| Operating profit (loss)9901 | €42k | €37k | €33k | €129k | €78k | ▼ 39.5% |
| Financial income75/76B | - | €4k | €7k | €7k | €8k | ▲ 13.6% |
| Recurring financial income75 | €4k | €4k | €7k | €7k | €8k | ▲ 13.6% |
| Financial charges65/66B | - | €2k | €2k | €3k | €2k | ▼ 27.6% |
| Recurring financial charges65 | €2k | €2k | €2k | €3k | €2k | ▼ 27.6% |
| Profit (loss) for the period before taxes9903 | €44k | €40k | €38k | €133k | €84k | ▼ 37.1% |
| Income taxes67/77 | €17k | €12k | €11k | €55k | €29k | ▼ 46.6% |
| Profit (loss) for the period9904 | €27k | €27k | €26k | €78k | €54k | ▼ 30.4% |
| Profit (loss) for the period to be appropriated9905 | €27k | €27k | €26k | €78k | €54k | ▼ 30.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €230k | €246k | €321k | €324k | €359k | ▲ 11.0% |
| Fixed assets21/28 | €13k | €12k | €6k | €4k | €20k | ▲ 365% |
| Tangible fixed assets22/27 | €13k | €12k | €6k | €4k | €20k | ▲ 365% |
| Land and buildings22 | - | €2k | €1k | €569 | €432 | ▼ 24.0% |
| Plant, machinery and equipment23 | - | €5k | €4k | €1k | €299 | ▼ 80.1% |
| Furniture and vehicles24 | - | €5k | €823 | €2k | €19k | ▲ 766% |
| Current assets29/58 | €217k | €234k | €315k | €320k | €339k | ▲ 6.2% |
| Amounts receivable after more than one year29 | - | €200k | €300k | €300k | €320k | ▲ 6.7% |
| Other amounts receivable291 | - | €200k | €300k | €300k | €320k | ▲ 6.7% |
| Stocks and contracts in progress3 | €1k | €1k | €1k | €1k | €1k | = |
| Stocks30/36 | - | €1k | €1k | €1k | €1k | = |
| Amounts receivable within one year40/41 | €15k | €32k | €14k | €6k | €15k | ▲ 162% |
| Trade receivables40 | - | €16k | €14k | €6k | €15k | ▲ 162% |
| Other amounts receivable41 | - | €16k | - | €14 | - | - |
| Cash at bank and in hand54/58 | - | - | - | €12k | €3k | ▼ 76.0% |
| Deferred charges and accrued income490/1 | - | €932 | - | €250 | €250 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €230k | €246k | €321k | €324k | €359k | ▲ 11.0% |
| Equity10/15 | €145k | €172k | €198k | €239k | €219k | ▼ 8.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | €19k | €19k | €19k | €19k | = |
| Other1109/19 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €124k | €151k | €177k | €218k | €198k | ▼ 9.5% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €149k | €176k | €218k | €198k | ▼ 9.5% |
| Profit (loss) carried forward14 | €2k | €2k | €2k | €2k | €2k | = |
| Amounts payable17/49 | €85k | €74k | €123k | €85k | €141k | ▲ 66.5% |
| Amounts payable after more than one year17 | €12k | €12k | €3k | - | €6k | - |
| Financial debts170/4 | - | €12k | €3k | - | €6k | - |
| Amounts payable within one year42/48 | €73k | €62k | €120k | €85k | €135k | ▲ 59.2% |
| Current portion of amounts payable after more than one year42 | - | - | €2k | - | €2k | - |
| Financial debts43 | - | €19k | €2k | €15k | €12k | ▼ 20.0% |
| Credit institutions430/8 | - | €8k | €2k | €15k | €12k | ▼ 20.0% |
| Other loans439 | - | €12k | - | - | - | - |
| Trade debts44 | €13k | €10k | €17k | €7k | €8k | ▲ 11.2% |
| Suppliers440/4 | - | €10k | €17k | €7k | €8k | ▲ 11.2% |
| Taxes, remuneration and social security45 | - | €33k | €41k | €31k | €30k | ▼ 2.4% |
| Taxes450/3 | - | €33k | €41k | €31k | €30k | ▼ 4.8% |
| Remuneration and social security454/9 | - | - | - | - | €750 | - |
| Other amounts payable47/48 | - | - | €59k | €31k | €83k | ▲ 165% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €27k | €26k | €78k | €54k | ▼ 30.4% |
| + Depreciation and write-downs630 | €6k | €7k | €7k | €4k | €5k | ▲ 21.5% |
| Operating cash flow (approximation) | €33k | €34k | €34k | €83k | €60k | ▼ 27.7% |
| Investment in fixed assets (approximation) | - | €-6k | €-897 | €-3k | €-21k | ▼ 623% |
| Change in cash | - | - | - | - | €-9k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 32 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Highest result since 2019net €78k ▲196%
Operating result €129k, net result €78k, both a record.
31-12
Financial
Equity above €200kEq €239k ▲20.7%
6 profitable years in a row build equity to €239k.
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2022
16-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
28-02
Financial
Equity above €150kEq €172k ▲18.8%
4 profitable years in a row build equity to €172k.
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 54 days late
29-02
Financial
Weakest financial yearnet €21k ▼13.6%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
29-02
Financial
Equity above €100kEq €117k ▲21.3%
2 profitable years in a row build equity to €117k.
2019
15-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
Show earlier events
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2016
07-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 68 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Middelkerke · 1 establishment unit since 2007
Ground area
577 m²
Building footprint
137 m²
Volume, LiDAR
826 m³
Parcel 35022C0360/00M000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PUBLIMAX
since 20072.161.695.874
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35022C0360/00M000 | Flanders | 577 m² | 1 · 137 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,752. 2,769 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
47784Retail sale of souvenirs and religious articles
Scores and ratios are computed by Checked and are not a credit decision.