Jo-a

Active

Public limited companyfounded 200224 yrs activeWashingtonstraat 145, 1050 Elsene, BelgiumKBO/BCE: BE 0477.094.203

The computed 12-month bankruptcy probability of Jo-a is 1.6% (moderate). The 2024 annual accounts show equity of €54k and a net result of €76k. Equity is shrinking by ~33.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 20% of 121 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

62 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability93▼-7

Solvency38▲+19

Growth78▲+20

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity tight (current ratio 1.14 against 0.96 in 2023; short-term debt: 60.1% and cash: 21.3% of total assets), and 86.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 31

Relative position

BE, all sectors

reference

Sector 31

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

13.5%

Return on assets

19.1%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 121 sector peers (2024).

NBB · sector comparison

Position among 121 sector peers

Solvency

better than 20%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-06-2025, 46 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

46 d early

2023

23 d late

2022

30 d late

2021

43 d early

2020

30 d late

2019

46 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€76k▼ 55.3%

2023 · €171k

2018: €-63k 2019: €-12k 2020: €-13k 2021: €-122k 2022: €-86k 2023: €171k

2018 → 2024

Working capital

€32k

2023 · €-12k

2018: €33k 2019: €139k 2020: €198k 2021: €-59k 2022: €-127k 2023: €-12k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€13k-€-109k€-196k▼ 79.4%€-26k▲ 86.9%€54k

Operating result€-7k-€-91k▼ 1,193%€-76k▲ 17.3%€192k€83k▼ 56.8%

Net result€-13k-€-122k▼ 835%€-86k▲ 29.4%€171k€76k▼ 55.3%

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 57% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €399k

31.7%

68.3%

Fixed assets €127k▼ 4.7%

Current assets €273k▲ 3.3%

Equity and liabilities €399k

13.5%

86.5%

Equity €54k

Debt €345k

Debt finances 86.5% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€128k▼

2023 · €237k

Cash flow

€121k▼

2023 · €216k

Solvency

13.5%▲

2023 · -6.5%

Current ratio

1.14▲

2023 · 0.96

Quick ratio

0.70▲

2023 · 0.56

Debt / equity

6.42▲

2023 · -16.41

ROE

142.1%

ROA

19.1%▼

2023 · 43.1%

Interest coverage

15.11▲

2023 · 11.04

Debt

€345k▼

2023 · €422k

Debt ≤ 1 year

€240k▼

2023 · €275k

Debt > 1 year

€102k▼

2023 · €147k

Staff costs

€352k▼

2023 · €360k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€397k€399k▲

Fixed assets21/28€133k€127k▼

Intangible fixed assets21€13k€41k▲

Tangible fixed assets22/27€119k€86k▼

Plant, machinery and equipment23€21k€12k▼

Furniture and vehicles24€13k€8k▼

Leasing and similar rights25€40k€30k▼

Other tangible fixed assets26€46k€36k▼

Financial fixed assets28€258€258=

Current assets29/58€264k€273k▲

Stocks and contracts in progress3€109k€104k▼

Stocks30/36€109k€104k▼

Amounts receivable within one year40/41€103k€68k▼

Trade receivables40€67k€33k▼

Other amounts receivable41€36k€35k▼

Current investments50/53€3€3▼

Cash at bank and in hand54/58€43k€85k▲

Deferred charges and accrued income490/1€9k€16k▲

Equity and liabilities

Total equity and liabilities10/49€397k€399k▲

Equity10/15€-26k€54k▲

Contributions10/11€71k€71k=

Capital10€71k€71k=

Issued capital100€71k€71k=

Reserves13€8k€8k=

Non-distributable reserves130/1€7k€7k=

Legal reserve130€7k€7k=

Tax-exempt reserves132€454€454=

Profit (loss) carried forward14€-106k€-29k▲

Investment grants15€2k€5k▲

Amounts payable17/49€422k€345k▼

Amounts payable after more than one year17€147k€102k▼

Financial debts170/4€147k€102k▼

Amounts payable within one year42/48€275k€240k▼

Current portion of amounts payable after more than one year42€84k€81k▼

Financial debts43€3k€4k▲

Credit institutions430/8€3k€4k▲

Trade debts44€67k€48k▼

Suppliers440/4€67k€48k▼

Taxes, remuneration and social security45€79k€65k▼

Taxes450/3€12k€8k▼

Remuneration and social security454/9€68k€57k▼

Other amounts payable47/48€42k€42k▼

Accrued charges and deferred income492/3-€3k

Income statement Code20232024

Non-recurring operating income76A-€7k

Remuneration, social security and pensions62€360k€352k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€45k▼

Other operating charges640/8€4k€1k▼

Gross operating margin9900€601k€481k▼

Operating profit (loss)9901€192k€83k▼

Financial income75/76B€916€2k▲

Recurring financial income75€916€2k▲

Financial charges65/66B€21k€8k▼

Recurring financial charges65€21k€8k▼

Profit (loss) for the period before taxes9903€171k€76k▼

Profit (loss) for the period9904€171k€76k▼

Profit (loss) for the period to be appropriated9905€171k€76k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-106k€-29k▲

Profit (loss) brought forward from the previous period14P€-277k€-106k▲

Social balance

Average headcount (FTE)90877.96.6▼

The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

15-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

23-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 23 days late

2023

31-12

Financial Back to profitnet €171k

Net result €171k after 5 loss-making years.

30-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 30 days late

2022

18-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Weakest financial yearnet €-122k

Net result drops to €-122k, the lowest in the series; recovery starts the following year.

30-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 30 days late

2020

15-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Liquidity doublescurrent ratio 2.71

Current ratio from 1.24 to 2.71; short-term debt falls from €138k to €81k.

30-05

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

21-05

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

23-05

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

14-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

28-03-2024 SRL Solo Concept: Resigned as Director

16-08-2017 Anagata SPRL: Resigned as Director

30-06-2010 Bernard Simonis: Resigned as Director

Location & real-estate footprint

Registered office, Elsene · 3 establishment units since 2002

establishment approximate All 3 establishment units on the map

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.

Washingtonstraat 1451050 Elsene

Ground area

7,715 m²

Building footprint

1,362 m²

Volume, LiDAR

3,187 m³

4 parcels, Brussels, Wallonia · tallest building 17.5 m, ±5 floors. Linked by address, not a title deed.

3 establishment units

Jo-a

Notelaarstraat 352, 1030 BrusselManufacture of other builders' carpentry and joinery

since 20022.094.650.068

Notelaarstraat 303, 1030 Schaarbeek

Manufacture of other builders' carpentry and joinery

since 20202.302.104.463

Chemin de la Praye 15, 1420 Braine-l'Alleud

Joinery installation

since 20212.311.041.034

4 parcels

Wallonia 1 (25%) Brussels 3 (75%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25743G0165/00V000	Wallonia	6,746 m²	1 · 1,116 m²	-
21911C0004/00N002	Brussels	725 m²	1 · 77 m²	14.3 m · 4 fl.
21905C0020/00W005indicative	Brussels	152 m²	1 · 93 m²	16.9 m · 5 fl.
21447B0289/00S003	Brussels	92 m²	1 · 76 m²	17.5 m · 5 fl.