JØ ENGINEERING
ActiveSummary
JØ ENGINEERING has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €135k and a net result of €35k. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 73% of 1633 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81=
Solvency93▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 3.09 against 2.48 in 2023; short-term debt: 32.4% and cash: 91.9% of total assets), and 32.4% 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.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
26 d early
2022
34 d early
2021
22 d late
2020
30 d late
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€35k▲ 109%
2023 · €17k
2018: €60khighest in 7 years
2019: €43k▼ -27.8% vs 2018
2020: €-1k▼ -103% vs 2019lowest in 7 years
2021: €17k▲ +1426% vs 2020
2022: €18k▲ +3.3% vs 2021
2023: €17k▼ -6.8% vs 2022
2024: €35k▲ +109% vs 2023
2018 → 2024
Working capital
€135k▲ 34.9%
2023 · €100k
2018: €58k
2019: €102k▲ +74.7% vs 2018
2020: €47k▼ -53.8% vs 2019lowest in 7 years
2021: €65k▲ +38.0% vs 2020
2022: €84k▲ +29.4% vs 2021
2023: €100k▲ +18.5% vs 2022
2024: €135k▲ +34.9% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€48k-€65k▲ 36.1%€83k▲ 27.4%€100k▲ 20.1%€135k▲ 34.9%
2020: €48klowest in 5 years
2021: €65k▲ +36.1% vs 2020
2022: €83k▲ +27.4% vs 2021
2023: €100k▲ +20.1% vs 2022
2024: €135k▲ +34.9% vs 2023highest in 5 years
Operating result€6k-€27k▲ 383%€21k▼ 23.2%€19k▼ 7.6%€44k▲ 128%
2020: €6klowest in 5 years
2021: €27k▲ +383% vs 2020
2022: €21k▼ -23.2% vs 2021
2023: €19k▼ -7.6% vs 2022
2024: €44k▲ +128% vs 2023highest in 5 years
Net result€-1k-€17k€18k▲ 3.3%€17k▼ 6.8%€35k▲ 109%
2020: €-1klowest in 5 years
2021: €17k▲ +1426% vs 2020
2022: €18k▲ +3.3% vs 2021
2023: €17k▼ -6.8% vs 2022
2024: €35k▲ +109% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 128% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €199k
Fixed assets
€25 =
Current assets
€199k ▲ 19.1%
Equity and liabilities €199k
Equity
€135k ▲ 34.9%
Debt
€64k ▼ 4.3%
Debt's share of the balance-sheet total falls from 40.3% to 32.4%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.09▲
2023 · 2.48
Debt to equity
0.48▼
2023 · 0.67
ROE
25.9%▲
2023 · 16.7%
ROA
17.5%▲
2023 · 10.0%
Debt ≤ 1 year
€64k▼
2023 · €67k
Income taxes
€10k▲
2023 · €3k
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 · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€167k€199k▲
Fixed assets21/28€25€25=
Financial fixed assets28€25€25=
Current assets29/58€167k€199k▲
Amounts receivable within one year40/41€18k€16k▼
Trade receivables40€12k€16k▲
Other amounts receivable41€6k€533▼
Cash at bank and in hand54/58€149k€183k▲
Equity and liabilities
Total equity and liabilities10/49€167k€199k▲
Equity10/15€100k€135k▲
Contributions10/11€19k€19k=
Reserves13€19k€19k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€17k€17k=
Profit (loss) carried forward14€62k€97k▲
Amounts payable17/49€67k€64k▼
Amounts payable within one year42/48€67k€64k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€5k€7k▲
Remuneration and social security454/9€3k-
Other amounts payable47/48€45k€47k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€151-
Other operating charges640/8€276€64▼
Gross operating margin9900€20k€44k▲
Operating profit (loss)9901€19k€44k▲
Financial income75/76B€593€1k▲
Recurring financial income75€593€1k▲
Financial charges65/66B€521€844▲
Recurring financial charges65€521€844▲
Profit (loss) for the period before taxes9903€19k€45k▲
Income taxes67/77€3k€10k▲
Profit (loss) for the period9904€17k€35k▲
Profit (loss) for the period to be appropriated9905€17k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€62k€97k▲
Profit (loss) brought forward from the previous period14P€45k€62k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €243 | €393 | €393 | €151 | - | - |
| Other operating charges640/8 | - | €73 | €57 | €276 | €64 | ▼ 76.9% |
| Gross operating margin9900 | €6k | €28k | €21k | €20k | €44k | ▲ 124% |
| Operating profit (loss)9901 | €6k | €27k | €21k | €19k | €44k | ▲ 128% |
| Financial income75/76B | - | - | - | €593 | €1k | ▲ 140% |
| Recurring financial income75 | - | - | - | €593 | €1k | ▲ 140% |
| Financial charges65/66B | - | €232 | €218 | €521 | €844 | ▲ 62.0% |
| Recurring financial charges65 | €209 | €232 | €218 | €521 | €844 | ▲ 62.0% |
| Profit (loss) for the period before taxes9903 | €5k | €27k | €21k | €19k | €45k | ▲ 130% |
| Income taxes67/77 | €7k | €10k | €3k | €3k | €10k | ▲ 263% |
| Profit (loss) for the period9904 | €-1k | €17k | €18k | €17k | €35k | ▲ 109% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €17k | €18k | €17k | €35k | ▲ 109% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €126k | €130k | €160k | €167k | €199k | ▲ 19.1% |
| Fixed assets21/28 | €962 | €569 | €176 | €25 | €25 | = |
| Tangible fixed assets22/27 | €937 | €544 | €151 | - | - | - |
| Furniture and vehicles24 | - | €544 | €151 | - | - | - |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €125k | €129k | €160k | €167k | €199k | ▲ 19.1% |
| Amounts receivable within one year40/41 | €29k | €18k | €6k | €18k | €16k | ▼ 8.3% |
| Trade receivables40 | - | €9k | - | €12k | €16k | ▲ 32.4% |
| Other amounts receivable41 | - | €10k | €6k | €6k | €533 | ▼ 90.8% |
| Cash at bank and in hand54/58 | €95k | €111k | €127k | €149k | €183k | ▲ 22.3% |
| Deferred charges and accrued income490/1 | - | - | €27k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €126k | €130k | €160k | €167k | €199k | ▲ 19.1% |
| Equity10/15 | €48k | €65k | €83k | €100k | €135k | ▲ 34.9% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €19k | €19k | €19k | €19k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €17k | €17k | €17k | €17k | = |
| Profit (loss) carried forward14 | €27k | €27k | €45k | €62k | €97k | ▲ 56.1% |
| Amounts payable17/49 | €78k | €64k | €77k | €67k | €64k | ▼ 4.3% |
| Amounts payable within one year42/48 | €78k | €64k | €76k | €67k | €64k | ▼ 4.3% |
| Current portion of amounts payable after more than one year42 | - | €8k | €8k | €8k | €8k | ▲ 0.1% |
| Trade debts44 | €3k | €2k | €2k | €6k | €2k | ▼ 74.1% |
| Suppliers440/4 | - | €2k | €2k | €6k | €2k | ▼ 74.1% |
| Advances received on contracts in progress46 | - | - | €17k | - | - | - |
| Taxes, remuneration and social security45 | - | €2k | - | €8k | €7k | ▼ 4.7% |
| Taxes450/3 | - | - | - | €5k | €7k | ▲ 41.4% |
| Remuneration and social security454/9 | - | €2k | - | €3k | - | - |
| Other amounts payable47/48 | - | €51k | €48k | €45k | €47k | ▲ 4.2% |
| Accrued charges and deferred income492/3 | - | €445 | €1k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €17k | €18k | €17k | €35k | ▲ 109% |
| + Depreciation and write-downs630 | €243 | €393 | €393 | €151 | - | - |
| Operating cash flow (approximation) | €-1k | €18k | €18k | €17k | €35k | ▲ 107% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €15k | €16k | €22k | €33k | ▲ 49.8% |
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
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €135k ▲34.9%
4 profitable years in a row build equity to €135k.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 6.14
Current ratio from 2.05 to 6.14; short-term debt falls from €55k to €20k.
31-12
Financial
Equity above €100kEq €102k ▲74.1%
2 profitable years in a row build equity to €102k.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 7 days late
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Frameries · 1 establishment unit since 2016
Ground area
859 m²
Building footprint
149 m²
Parcel 53045C1022/00K000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
J0 Engineering
since 20162.258.490.788
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53045C1022/00K000 | Wallonia | 859 m² | 1 · 149 m² | - |
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 649 companies in sector 33140 we hold annual accounts for 203. 155 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
Founded16-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
33140Repair and maintenance of electrical equipment
33200Installation of industrial machinery and equipment
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
43212Electrical installation work in industrial facilities
58290Other software publishing
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.