JO-AX
ActiveSummary
The computed 12-month bankruptcy probability of JO-AX is 1.8% (moderate). The 2025 annual accounts show equity of €120,825 and a net result of €46,639. Equity is growing by ~44.6% per year across the filed fiscal years. Its solvency ranks better than 61% of 1596 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Artisanal bread and fresh pastry making
NACE 10712
1 site
How big
€277,892total assets 2025
- Staff
- 1.8 FTE
- Equity
- €120,825
- Profit
- €46,639
Turnover not published (abridged schema)
Who decides
Accounts filed 13 d late0 of 1 deed read
Why 70- Limited track record- Higher-failure-rate sector+ Annual accounts: healthy financial profileFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+13
Solvency68▲+17
Growth52=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.69 against 0.45 in 2024; short-term debt: 49.6% and cash: 28.1% of total assets), and 56.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
43.5%
Return on assets
16.8%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-05-2026, 13 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 · 3 filingsDeviation from the deadline
2025
13 d late
2024
1 d early
2023
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 April (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Equity above €100,000Eq €120,825 ▲62.9%
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €277,892Profit €46,639Solvency 43.5%Liquidity 0.69
Total assets
€277,892▼ 1.7%
2023 - 2025
Net result
€46,639▲ 139%
2023 - 2025
Equity
€120,825▲ 62.9%
2023 - 2025
Staff (FTE)
1.8▼ 10.0%
2023 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€71,334-€28,574▼ 59.9%€59,765▲ 109%
Net result€49,699above the sector's middle half-€19,487within the sector's middle half▼ 60.8%€46,639above the sector's middle half▲ 139%
Equity€54,699within the sector's middle half-€74,185within the sector's middle half▲ 35.6%€120,825within the sector's middle half▲ 62.9%
Total assets€312,979within the sector's middle half-€282,736within the sector's middle half▼ 9.7%€277,892within the sector's middle half▼ 1.7%
Debt€258,281-€208,551▼ 19.3%€157,067▼ 24.7%
Working capital-€109,696below the sector's middle half--€83,386below the sector's middle half▲ 24.0%-€42,638below the sector's middle half▲ 48.9%
Solvency17.5%within the sector's middle half-26.2%within the sector's middle half▲ 8.8pp43.5%within the sector's middle half▲ 17.2pp
Current ratio0.35below the sector's middle half-0.45below the sector's middle half▲ 0.110.69within the sector's middle half▲ 0.24
Return on assets (ROA)15.9%above the sector's middle half-6.9%within the sector's middle half▼ 9.0pp16.8%above the sector's middle half▲ 9.9pp
Staff (FTE)1.8-2▲ 11.1%1.8▼ 10.0%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 109% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €277,892
Fixed assets
€182,580 ▼ 14.6%
Current assets
€95,312 ▲ 38.0%
Equity and liabilities €277,892
Equity
€120,825 ▲ 62.9%
Debt
€157,067 ▼ 24.7%
Debt's share of the balance-sheet total falls from 73.8% to 56.5%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€111,715▲
2024 · €79,213
Cash flow
€98,589▲
2024 · €70,126
Quick ratio
0.62▲
2024 · 0.40
Debt to equity
1.30▼
2024 · 2.81
ROE
38.6%▲
2024 · 26.3%
Interest coverage
21.18▼
2024 · 38.61
Debt ≤ 1 year
€137,949▼
2024 · €152,436
Debt > 1 year
€18,754▼
2024 · €54,860
Income taxes
€10,142▲
2024 · €7,720
Staff costs
€89,234▲
2024 · €75,357
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €108,275 | €75,357 | €89,234 | ▲ 18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €72,616 | €50,639 | €51,950 | ▲ 2.6% |
| Other operating charges640/8 | €1,236 | €1,470 | €1,113 | ▼ 24.3% |
| Gross operating margin9900 | €253,461 | €156,040 | €202,062 | ▲ 29.5% |
| Operating profit (loss)9901 | €71,334 | €28,574 | €59,765 | ▲ 109% |
| Financial income75/76B | €843 | €684 | €2,291 | ▲ 235% |
| Recurring financial income75 | €843 | €684 | €2,291 | ▲ 235% |
| Financial charges65/66B | €4,746 | €2,051 | €5,275 | ▲ 157% |
| Recurring financial charges65 | €4,746 | €2,051 | €5,275 | ▲ 157% |
| Profit (loss) for the period before taxes9903 | €67,431 | €27,207 | €56,781 | ▲ 109% |
| Income taxes67/77 | €17,733 | €7,720 | €10,142 | ▲ 31.4% |
| Profit (loss) for the period9904 | €49,699 | €19,487 | €46,639 | ▲ 139% |
| Profit (loss) for the period to be appropriated9905 | €49,699 | €19,487 | €46,639 | ▲ 139% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €312,979 | €282,736 | €277,892 | ▼ 1.7% |
| Fixed assets21/28 | €255,143 | €213,686 | €182,580 | ▼ 14.6% |
| Intangible fixed assets21 | €17,493 | €12,493 | €7,493 | ▼ 40.0% |
| Tangible fixed assets22/27 | €237,650 | €201,193 | €175,087 | ▼ 13.0% |
| Plant, machinery and equipment23 | €202,804 | €176,261 | €160,049 | ▼ 9.2% |
| Furniture and vehicles24 | €3,734 | €2,712 | €1,711 | ▼ 36.9% |
| Leasing and similar rights25 | €31,112 | €22,220 | €13,327 | ▼ 40.0% |
| Current assets29/58 | €57,836 | €69,050 | €95,312 | ▲ 38.0% |
| Stocks and contracts in progress3 | €4,571 | €7,852 | €9,852 | ▲ 25.5% |
| Stocks30/36 | €4,571 | €7,852 | €9,852 | ▲ 25.5% |
| Amounts receivable within one year40/41 | €3,822 | €2,321 | €5,827 | ▲ 151% |
| Trade receivables40 | €2,966 | €442 | €3,896 | ▲ 781% |
| Other amounts receivable41 | €856 | €1,878 | €1,931 | ▲ 2.8% |
| Cash at bank and in hand54/58 | €49,434 | €57,310 | €78,012 | ▲ 36.1% |
| Deferred charges and accrued income490/1 | €10 | €1,568 | €1,622 | ▲ 3.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €312,979 | €282,736 | €277,892 | ▼ 1.7% |
| Equity10/15 | €54,699 | €74,185 | €120,825 | ▲ 62.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €49,699 | €69,185 | €69,185 | = |
| Distributable reserves133 | €49,699 | €69,185 | €69,185 | = |
| Profit (loss) carried forward14 | - | - | €46,639 | - |
| Amounts payable17/49 | €258,281 | €208,551 | €157,067 | ▼ 24.7% |
| Amounts payable after more than one year17 | €89,602 | €54,860 | €18,754 | ▼ 65.8% |
| Financial debts170/4 | €89,602 | €54,860 | €18,754 | ▼ 65.8% |
| Amounts payable within one year42/48 | €167,532 | €152,436 | €137,949 | ▼ 9.5% |
| Current portion of amounts payable after more than one year42 | €29,589 | €29,710 | €31,003 | ▲ 4.4% |
| Financial debts43 | €4,963 | €5,032 | €5,103 | ▲ 1.4% |
| Other loans439 | €4,963 | €5,032 | €5,103 | ▲ 1.4% |
| Trade debts44 | €12,305 | €19,266 | €29,175 | ▲ 51.4% |
| Suppliers440/4 | €12,305 | €19,266 | €29,175 | ▲ 51.4% |
| Taxes, remuneration and social security45 | €16,069 | €25,701 | €15,008 | ▼ 41.6% |
| Taxes450/3 | €8,849 | €16,456 | €3,153 | ▼ 80.8% |
| Remuneration and social security454/9 | €7,221 | €9,245 | €11,855 | ▲ 28.2% |
| Other amounts payable47/48 | €104,605 | €72,728 | €57,660 | ▼ 20.7% |
| Accrued charges and deferred income492/3 | €1,147 | €1,255 | €364 | ▼ 71.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,699 | €19,487 | €46,639 | ▲ 139% |
| + Depreciation and write-downs630 | €72,616 | €50,639 | €51,950 | ▲ 2.6% |
| Operating cash flow (approximation) | €122,315 | €70,126 | €98,589 | ▲ 40.6% |
| Investment in fixed assets (approximation) | - | -€9,182 | -€20,844 | ▼ 127% |
| Change in cash | - | €7,877 | €20,702 | ▲ 163% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
NAZHIA
BE 0769.353.025
Wezembeek-Oppem · Eq €120,914
BAKKERIJ VAN ROMPAEY
BE 0445.702.924
Olen · Eq €120,696
BROOD EN BANKET ERIK EN SABINE
BE 0842.133.313
Heusden-Zolder · Eq €120,586
ACTIEF
BE 0873.377.805
Gent · Eq €120,580
Kris Van Camp & Zoon
BE 0827.690.607
Sint-Katelijne-Waver · Eq €121,972
Of 4,226 companies in this sector we hold annual accounts for 1,878. 1,594 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
5 eventsLatest 13-05-2026Next filing 30-04-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
30-09
Financial
Equity above €100,000Eq €120,825 ▲62.9%
3 profitable years in a row build equity to €120,825.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €19,487 ▼60.8%
Net result drops to €19,487, the lowest in the series; recovery starts the following year.
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
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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Support & recognitions
1 funding sourceFlanders €2431 register with a recognitionFASFC 1 site
Flemish government
€243
awarded · 2023
FASFC
1
authorised site
Subsidies and aid
Flemish government
2023 · 1 entry · €243 awarded · €243 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | €243 | €243 |
Recognitions · licences · registrations
Food safety, FASFC
1 siteHarelbekeunit no. 2.329.394.523
Company details
Private limited company · founded 24-03-2022Year ends 30-09Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded24-03-2022
Fiscal year end30-09
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
10820Manufacture of cocoa, chocolate and sugar confectionery
47110Non-specialised retail sale with food, beverages or tobacco predominating
47120Other non-specialised retail sale
47251Retail sale of wines and spirits
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
Contact
E-mail
info@broodenfijngebakvictor.beHarelbeke
Phone
056206085Harelbeke
E-invoicing
Reachable via Peppol
Peppol ID
0208:0783792860
Registered
28-07-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Harelbeke · 1 establishment unit since 2022
Ground area
2,604 m²
Building footprint
767 m²
Volume, LiDAR
3,137 m³
Parcel 34322B0609/00C000, Flanders · tallest building 11.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Brood en fijngebak Victor
since 2022unit no. 2.329.394.523
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34322B0609/00C000 | Flanders | 2,604 m² | 1 · 767 m² | 11.3 m · 1 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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