Groep JoRo
Open bankruptcyA bankruptcy procedure is open for Groep JoRo according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €48k and a net result of €18k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2021, micro schema
Equity
€48k▲ 62.1%
2020 · €30k
2019: €5k
2020: €30k
2019 → 2021
Total assets
€681k▲ 7.5%
2020 · €634k
2019: €651k
2020: €634k
2019 → 2021
Net result
€18k▼ 25.6%
2020 · €25k
2019: €22k
2020: €25k
2019 → 2021
Working capital
€-169k▲ 20.6%
2020 · €-213k
2019: €-199k
2020: €-213k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€5k-€30k▲ 504%€48k▲ 62.1%
Operating result€35k-€55k▲ 58.8%€18k▼ 66.5%
Net result€22k-€25k▲ 13.2%€18k▼ 25.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 66% below 2020 and is the lowest year so far.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €681k
Fixed assets
€577k▼ 4.2%
Current assets
€104k▲ 237%
Equity and liabilities €681k
Equity
€48k▲ 62.1%
Debt
€634k▲ 4.9%
The debt ratio falls from 95.3% to 93.0%: equity grows faster than debt.
Key figures and ratios
EBITDA
€44k▼
2020 · €81k
Cash flow
€44k▼
2020 · €50k
Solvency
7.0%▲
2020 · 4.7%
Current ratio
0.38▲
2020 · 0.13
Quick ratio
0.38▲
2020 · 0.13
Debt / equity
13.21▲
2020 · 12.17
ROE
38.3%▼
2020 · 83.4%
ROA
2.7%▼
2020 · 3.9%
Interest coverage
434.56
Debt
€634k▲
2020 · €604k
Debt ≤ 1 year
€273k▲
2020 · €244k
Debt > 1 year
€360k=
2020 · €360k
Staff costs
€40k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€634k€681k▲
Fixed assets21/28€603k€577k▼
Intangible fixed assets21€67k€42k▼
Financial fixed assets28€536k€536k=
Current assets29/58€31k€104k▲
Amounts receivable within one year40/41€19k€96k▲
Trade receivables40-€7k
Other amounts receivable41-€89k
Cash at bank and in hand54/58€12k€9k▼
Equity and liabilities
Total equity and liabilities10/49€634k€681k▲
Equity10/15€30k€48k▲
Contributions10/11-€20k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€8k€26k▲
Amounts payable17/49€604k€634k▲
Amounts payable after more than one year17€360k€360k=
Financial debts170/4-€360k
Amounts payable within one year42/48€244k€273k▲
Current portion of amounts payable after more than one year42-€62k
Trade debts44€1k-
Taxes, remuneration and social security45-€69k
Remuneration and social security454/9-€69k
Other amounts payable47/48-€142k
Income statement
Code20202021
Remuneration, social security and pensions62-€40k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€26k=
Other operating charges640/8-€82
Gross operating margin9900€102k€85k▼
Operating profit (loss)9901€55k€18k▼
Financial income75/76B-€7
Recurring financial income75-€7
Financial charges65/66B-€101
Recurring financial charges65€30k€101▼
Profit (loss) for the period before taxes9903€25k€18k▼
Profit (loss) for the period9904€25k€18k▼
Profit (loss) for the period to be appropriated9905€25k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€26k
Profit (loss) brought forward from the previous period14P-€8k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 460 days late
13-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · GROEP JORO BV RUDDER- VOORDSESTRAAT 54/A, 8210 ZEDELGEM · event 09-10-2023
2022
04-03
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Gent, afdeling Oostende · GROEP JORO BV WESTENDELAAN 328, 8434 WESTENDE · event 28-02-2022
2021
31-12
Financial
Weakest financial yearnet €18k ▼25.6%
Net result drops to €18k, the lowest in the series.
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 138 days late
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 503 days late
26-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · GROEP JORO BV WESTENDE- LAAN 328, 8434 WESTENDE · event 22-11-2021
2020
31-12
Financial
Highest result since 2019net €25k ▲13.2%
Operating result €55k, net result €25k, both a record.
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 142 days late
12-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 255 days late
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 89 days late
2015
21-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 82 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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, Zedelgem · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ruddervoordsestraat 548210 ZedelgemGround area
484 m²
Building footprint
215 m²
Volume, LiDAR
959 m³
Parcel 31040F1191/00M002, Flanders · tallest building 9.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Groep JoRo
since 20122.213.975.411
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31040F1191/00M002 | Flanders | 484 m² | 1 · 215 m² | 9.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | CHRIS VANDIERENDONCK KONING ALBERT-
STRAAT, 190, 8210 02 VELDEGEM |
09-10-2023 → present |
| Curator | SABINE DE WISPELAERE ZEEPZIEDERIJSTRAAT 8,
8200 02 BRUGGE |
22-11-2021 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded26-09-2012
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.