Equity
EJS paid out €54,000 in dividends. That is 83% of the 2025 profit.
EJS paid out €54,000 in dividends. That is 83% of the 2025 profit.
Back in profit in 2025, after a loss of €44,171 in 2024.
EJS pays its suppliers 1 day earlier than in 2024. Customers pay 31 days earlier.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 90% of them on solvency, 89% on liquidity, 78% on profitability and 50% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 34,693 companies had the same profile as EJS has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of EJS itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for EJS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 3.79 (4.5 in 2024), above the usual 1.5. Short-term debt is 23.1% and cash 79.2% of total assets. 23.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 26 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| EJS Grâce-Hollogne | €343,173 | €187,864 | 76.9% | - |
| Menuiserie Benoît POLET Verviers | €372,172 | €163,490 | 72.2% | - |
| ETABLISSEMENT BERNARD MICHEL Jalhay | €303,135 | €227,976 | 17.0% | - |
| HILIGSMANN FRERES Thimister-Clermont | €366,642 | €202,195 | -11.3% | - |
| RIVE GAUCHE VS Anderlecht | €379,596 | €183,915 | 44.8% | - |
| YANNICK PETIT Tournai | €324,635 | €205,349 | 31.6% | - |
| FREDERIQUE BUYCK Wielsbeke | €313,695 | €172,558 | 91.0% | - |
These companies have the same main activity as EJS: joinery installation (NACE 43320). They are comparable in size and age: total assets between €303,000 and €380,000, founded between 2011 and 2014.
EJS has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €263,916 and a net result of €65,351.
Equity has been growing by about 7.7% per year since 2018. Its solvency ranks better than 82% of 35,136 sector peers (NACE 43, financial year 2025).
The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 82% of 35,136 companies in 2025.
Higher than 78% of 34,510 companies in 2025.
Higher than 76% of 34,711 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
343,173 | 311,126 | 373,735 | 505,095 | 347,530 | 257,834 | 241,508 | 333,825 | 227,057 | 178,268 | 183,356 | 263,097 | 239,475 | 246,925 | |
20 |
347 | 719 | 1,092 | - | - | - | - | - | - | - | 240 | 480 | 720 | 960 | |
21/28 |
42,395 | 46,633 | 62,371 | 81,948 | 17,145 | 25,762 | 41,302 | 54,045 | 73,200 | 99,375 | 123,613 | 153,480 | 145,046 | 148,303 | |
22/27 |
42,335 | 46,573 | 62,311 | 81,888 | 17,145 | 25,762 | 41,302 | 54,045 | 73,200 | 99,375 | 123,373 | 153,000 | 144,326 | 147,343 | |
22 |
27,572 | 43,674 | 59,776 | 76,388 | 10,465 | 24,115 | 38,503 | 52,891 | 65,189 | 82,995 | 97,109 | 114,177 | 131,244 | 125,157 | |
23 |
505 | 932 | 0 | 0 | 131 | 321 | 511 | - | 160 | 320 | 1,067 | 2,944 | 3,266 | 2,441 | |
24 |
14,258 | 1,967 | 2,535 | 5,500 | 6,549 | 1,326 | 2,288 | 1,154 | 7,851 | 16,060 | 25,197 | 35,879 | 9,816 | 19,745 | |
28 |
60 | 60 | 60 | 60 | - | - | - | - | - | - | - | - | - | - | |
29/58 |
300,431 | 263,774 | 310,272 | 423,147 | 330,385 | 232,072 | 200,206 | 279,780 | 153,857 | 78,893 | 59,743 | 109,617 | 94,429 | 98,622 | |
40/41 |
25,251 | 65,907 | 46,881 | 56,301 | 93,009 | 50,109 | 81,349 | 136,191 | 146,138 | 74,267 | 31,049 | 106,741 | 75,567 | 83,572 | |
40 |
13,638 | 52,286 | 41,116 | 46,561 | 38,612 | 13,263 | 29,886 | 97,969 | 106,013 | 61,856 | 20,410 | 90,030 | 47,431 | 72,887 | |
41 |
11,613 | 13,621 | 5,765 | 9,740 | 54,397 | 36,846 | 51,463 | 38,222 | 40,125 | 12,411 | 10,639 | 16,711 | 28,136 | 10,685 | |
54/58 |
271,920 | 197,739 | 261,615 | 366,434 | 235,178 | 178,321 | 113,720 | 138,443 | 4,338 | - | 24,996 | - | 14,990 | 11,211 | |
490/1 |
3,260 | 128 | 1,776 | 412 | 2,198 | 3,642 | 5,137 | 5,146 | 3,381 | 4,626 | 3,698 | 2,876 | 3,872 | 3,839 | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
343,173 | 311,126 | 373,735 | 505,095 | 347,530 | 257,834 | 241,508 | 333,825 | 227,057 | 178,268 | 183,356 | 263,097 | 239,475 | 246,925 | |
10/15 |
263,916 | 252,565 | 296,736 | 366,406 | 257,321 | 205,519 | 175,127 | 157,162 | 86,714 | 87,254 | 71,319 | 87,135 | 90,891 | 52,981 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
10 |
- | - | - | 18,600 | 18,600 | - | - | - | - | - | - | - | - | - | |
100 |
- | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
113,668 | 167,668 | 167,668 | 167,668 | 55,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
133 |
113,668 | 167,668 | 167,668 | 165,808 | 54,000 | - | - | - | - | - | - | - | - | - | |
14 |
131,648 | 66,297 | 110,468 | 180,138 | 180,138 | 179,612 | 146,497 | 125,809 | 52,637 | 50,454 | 31,796 | 44,888 | 45,921 | 32,521 | |
15 |
- | - | - | 0 | 2,723 | 5,447 | 8,170 | 10,893 | 13,617 | 16,340 | 19,063 | 21,787 | 24,510 | - | |
17/49 |
79,257 | 58,561 | 76,999 | 138,689 | 90,209 | 52,315 | 66,381 | 176,663 | 140,343 | 91,014 | 112,037 | 175,962 | 148,584 | 193,944 | |
17 |
- | - | - | - | - | 9,617 | 22,108 | 34,228 | 45,989 | 61,745 | 79,199 | 96,167 | 94,301 | 108,917 | |
170/4 |
- | - | - | - | - | 9,617 | 22,108 | 34,228 | 45,989 | 61,745 | 79,199 | 96,167 | 94,301 | 108,917 | |
42/48 |
79,257 | 58,561 | 76,530 | 138,689 | 89,609 | 41,364 | 44,273 | 141,129 | 94,354 | 29,269 | 32,838 | 79,795 | 54,283 | 85,027 | |
42 |
934 | 3,408 | 47,378 | 984 | 10,615 | 13,497 | 20,136 | 12,733 | 16,764 | 18,467 | 17,976 | 22,832 | 16,300 | 24,997 | |
43 |
- | - | - | - | - | - | - | 25,000 | 10,000 | 453 | - | 31,236 | - | - | |
430/8 |
- | - | - | - | - | - | - | 25,000 | 10,000 | 453 | - | 31,236 | - | - | |
44 |
15,511 | 20,600 | 4,039 | 35,089 | 53,186 | 20,473 | 21,947 | 101,048 | 66,702 | 7,267 | 11,310 | 15,689 | 23,263 | 39,794 | |
440/4 |
15,511 | 20,600 | 4,039 | 35,089 | 53,186 | 20,473 | 21,947 | 101,048 | 66,702 | 7,267 | 11,310 | 15,689 | 23,263 | 39,794 | |
45 |
948 | 19,718 | 7,219 | 67,632 | 23,677 | 7,394 | 2,190 | 2,348 | 888 | 3,082 | 1,042 | 4,585 | 9,555 | 9,749 | |
450/3 |
0 | 12,888 | 2,104 | 64,393 | 23,578 | 5,631 | 3 | - | - | 750 | 17 | 51 | 5,285 | 9,749 | |
454/9 |
948 | 6,830 | 5,115 | 3,239 | 99 | 1,763 | 2,187 | 2,348 | 888 | 2,332 | 1,025 | 4,534 | 4,270 | - | |
47/48 |
61,864 | 14,835 | 17,894 | 34,984 | 2,131 | - | - | - | - | - | 2,510 | 5,453 | 5,165 | 10,487 | |
492/3 |
- | 0 | 469 | 0 | 600 | 1,334 | - | 1,306 | - | - | - | - | - | - | |
| Income statement | |||||||||||||||
70 |
480,155 | 462,290 | 384,566 | 627,498 | 607,849 | 530,319 | 508,614 | 874,225 | 555,953 | 343,262 | 290,755 | 307,405 | 397,058 | 419,318 | |
9900 |
187,864 | 89,315 | 84,372 | 295,649 | 202,360 | 136,424 | 104,530 | 186,149 | 87,667 | 103,096 | 77,822 | 119,357 | 135,980 | 153,001 | |
60/61 |
292,291 | 372,975 | 300,194 | 331,849 | 405,489 | 393,895 | 404,084 | 688,076 | 468,286 | 240,166 | 212,933 | 188,048 | 261,078 | 266,317 | |
62 |
98,315 | 109,614 | 121,222 | 104,721 | 101,048 | 77,512 | 57,989 | 56,470 | 54,702 | 52,044 | 53,653 | 81,343 | 84,570 | 87,396 | |
630 |
20,747 | 19,199 | 19,603 | 19,207 | 16,658 | 15,539 | 14,969 | 24,218 | 26,175 | 27,930 | 30,940 | 31,529 | 27,254 | 12,415 | |
640/8 |
3,115 | 2,862 | 12,776 | 2,326 | 2,572 | 2,557 | 3,177 | 11,234 | 751 | 751 | 949 | 2,385 | 1,995 | 1,068 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | 200 | |
9901 |
65,687 | -42,360 | -69,229 | 169,395 | 82,082 | 40,816 | 28,395 | 94,227 | 6,039 | 22,371 | -7,720 | 4,100 | 22,161 | 52,122 | |
75/76B |
1 | 34 | 1 | 97 | 1,928 | 2,735 | 1,686 | 1,492 | 1,237 | 208 | 10 | 383 | - | - | |
75 |
1 | 34 | 1 | 97 | 1,928 | 2,735 | 1,686 | 1,492 | 1,237 | 208 | 10 | 383 | - | - | |
65/66B |
337 | 1,845 | 442 | 1,237 | 1,538 | 1,793 | 3,129 | 3,206 | 4,363 | 3,156 | 5,382 | 5,516 | 4,664 | 2,791 | |
65 |
337 | 1,845 | 442 | 1,237 | 1,538 | 1,793 | 3,129 | 3,206 | 4,363 | 3,156 | 5,382 | 5,516 | 4,664 | 2,791 | |
9903 |
65,351 | -44,171 | -69,670 | 168,255 | 82,472 | 41,758 | 26,952 | 92,513 | 2,913 | 19,423 | -13,092 | -1,033 | 17,497 | 49,131 | |
67/77 |
- | - | - | 56,447 | 27,946 | 8,643 | 6,264 | 19,341 | 730 | 765 | - | - | 4,097 | 14,750 | |
9904 |
65,351 | -44,171 | -69,670 | 111,808 | 54,526 | 33,115 | 20,688 | 73,172 | 2,183 | 18,658 | -13,092 | -1,033 | 13,400 | 34,381 | |
9905 |
65,351 | -44,171 | -69,670 | 111,808 | 54,526 | 33,115 | 20,688 | 73,172 | 2,183 | 18,658 | -13,092 | -1,033 | 13,400 | 34,381 | |
| Appropriation of the result | |||||||||||||||
9906 |
131,648 | 66,297 | 110,468 | 291,946 | 234,138 | 179,612 | 146,497 | 125,809 | 52,637 | 50,454 | 31,796 | 44,888 | 45,921 | 34,381 | |
14P |
66,297 | 110,468 | 180,138 | 180,138 | 179,612 | - | - | - | - | - | - | - | - | - | |
791/2 |
54,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | 111,808 | 54,000 | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | 111,808 | 54,000 | - | - | - | - | - | - | - | - | - | |
694/7 |
54,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
54,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||
9087 |
- | - | - | 2 | 2 | 1.9 | 1 | 1 | 1 | 1 | 1.1 | 2 | 2 | 1.5 | |
Hours worked1013 |
- | - | - | 3,256 | 3,532 | 2,882 | 1,800 | 1,864 | 1,610 | 1,605 | 1,552 | 2,826 | 2,772 | 2,112 | |
| Document | |||||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 19-08-2026.
2025 annual accounts filed 19 days after the deadline. Filed on 19 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00407132.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 19-08-2026 | 2026-00407132 | |
| 31-12-2024 | micro format | 20-08-2025 | 2025-00385761 | |
| 31-12-2023 | micro format | 23-07-2024 | 2024-00287153 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00354024 | |
| 31-12-2021 | micro format | 05-08-2022 | 2022-20277606 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-59800055 | |
| 31-12-2019 | micro format | 28-10-2020 | 2020-64500322 | |
| 31-12-2018 | micro format | 14-08-2019 | 2019-46700034 | |
| 31-12-2017 | micro format | 08-08-2018 | 2018-44400284 | |
| 31-12-2016 | full format | 26-06-2017 | 2017-21800056 | |
| 31-12-2015 | full format | 28-08-2016 | 2016-58200322 | |
| 31-12-2014 | full format | 25-08-2015 | 2015-48000204 | |
| 31-12-2013 | full format | 31-08-2014 | 2014-52300317 | |
| 31-12-2012 | full format | 26-02-2013 | 2013-04900011 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 86,434 | -23,161 | -49,626 | 188,602 | 98,740 | 56,355 | 43,364 | 118,445 | 32,214 | 50,301 | 23,220 | 35,629 | 49,415 | 64,537 | ||
| 86,098 | -24,972 | -50,067 | 131,015 | 71,184 | 48,654 | 35,657 | 97,390 | 28,358 | 46,588 | 17,848 | 30,496 | 40,654 | 46,796 | ||
| 16,137 | 3,088 | 26 | 115,626 | 8,041 | -1 | 2,226 | 5,063 | 0 | 3,691 | 1,073 | 41,623 | 23,997 | 159,518 | ||
| 74,181 | -63,876 | -104,819 | 131,256 | 56,857 | 64,601 | -24,723 | 134,105 | - | - | - | - | 3,779 | - | ||
| 221,174 | 205,213 | 233,742 | 284,458 | 240,776 | 190,708 | 155,933 | 138,651 | 59,503 | 49,624 | 26,905 | 29,822 | 40,146 | 13,595 | ||
| 13.7% | -9.2% | -18.0% | 27.0% | 13.5% | 7.7% | 5.6% | 10.8% | 1.1% | 6.5% | -2.7% | 1.3% | 5.6% | 12.4% | ||
| 76.9% | 81.2% | 79.4% | 72.5% | 74.0% | 79.7% | 72.5% | 47.1% | 38.2% | 48.9% | 38.9% | 33.1% | 38.0% | 21.5% | ||
| 3.79 | 4.50 | 4.05 | 3.05 | 3.69 | 5.61 | 4.52 | 1.98 | 1.63 | 2.70 | 1.82 | 1.37 | 1.74 | 1.16 | ||
| 0.30 | 0.23 | 0.26 | 0.38 | 0.35 | 0.25 | 0.38 | 1.12 | 1.62 | 1.04 | 1.57 | 2.02 | 1.63 | 3.66 | ||
| 24.8% | -17.5% | -23.5% | 30.5% | 21.2% | 16.1% | 11.8% | 46.6% | 2.5% | 21.4% | -18.4% | -1.2% | 14.7% | 64.9% | ||
| 19.0% | -14.2% | -18.6% | 22.1% | 15.7% | 12.8% | 8.6% | 21.9% | 1.0% | 10.5% | -7.1% | -0.4% | 5.6% | 13.9% | ||
| over 100 | -12.55 | -112.28 | over 100 | 64.20 | - | - | - | - | - | - | - | - | - | ||
| 10 days | 41 days | 39 days | 27 days | 23 days | 9 days | 21 days | 41 days | 70 days | 66 days | 26 days | 107 days | 44 days | 63 days | ||
| 19 days | 20 days | 5 days | 39 days | 48 days | 19 days | 20 days | 54 days | 52 days | 11 days | 19 days | 30 days | 33 days | 55 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2022 | 31-12-2021 |
|---|---|---|
| Employees at the balance-sheet date | 2 | 2 |
| full-time | 2 | 2 |
| in full-time equivalents | 2 | 2 |
| 2 | 2 | |
| On a permanent contract | 2 | 2 |
| Training hours | 42 | 40 |
Source: social balance sheet in the 2021 to 2022 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €16,137 | €3,088 | - | €115,566 | €8,041 |
| Financial fixed assets | - | - | - | €60 | - |
| €20,747 | €19,199 | €19,603 | €19,207 | €16,658 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €65,687, after a loss of €42,360 in 2024. It is the highest result since 2022.
Debt's share of the balance-sheet total rises from 18.8% to 23.1%. Equity and debt are higher.
EJS has no parent and no holdings in its annual accounts. EJS shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue Jef Ulburghs 14 registered office 4460 Grâce-Hollogne | ||
| Rue de Tilleur 27 4101 Seraing 43120 Site preparation | 04-04-2012 | 2.208.204.406 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62046A1547/00E015 | 3,472 m² | 1 · 207 m² | 16.6 m · 4 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0844.657.984
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