JO-CARS
InactiveJO-CARS was declared bankrupt on 17-06-2024 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 02-03-2026, published in the Belgian State Gazette on 06-03-2026.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline23-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 01-09-2023, 32 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
32 d late
2021
31 d late
2020
73 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€8k▼ 30.7%
2021 · €12k
2018: €19k
2019: €19k
2020: €19k
2021: €12k
2018 → 2022
Total assets
€74k▼ 1.1%
2021 · €74k
2018: €81k
2019: €90k
2020: €80k
2021: €74k
2018 → 2022
Net result
€-4k▲ 48.6%
2021 · €-7k
2018: €151
2019: €294
2020: €-310
2021: €-7k
2018 → 2022
Working capital
€-33k▼ 7.6%
2021 · €-31k
2018: €-25k
2019: €-26k
2020: €-23k
2021: €-31k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€19k-€19k▲ 1.6%€19k▼ 1.6%€12k▼ 37.4%€8k▼ 30.7%
Operating result€2k-€1k▼ 28.4%€379▼ 74.2%€-6k€-3k▲ 57.0%
Net result€151-€294▲ 95.1%€-310€-7k▼ 2,161%€-4k▲ 48.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2022 against €6k in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €74k
Fixed assets
€41k▼ 13.0%
Current assets
€32k▲ 19.7%
Equity and liabilities €74k
Equity
€8k▼ 30.7%
Debt
€65k▲ 4.4%
The debt ratio rises from 84.2% to 88.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4k▲
2021 · €285
Cash flow
€3k▲
2021 · €-851
Solvency
11.1%▼
2021 · 15.8%
Current ratio
0.49▲
2021 · 0.47
Quick ratio
0.37▼
2021 · 0.38
Debt / equity
8.05▲
2021 · 5.34
ROE
-44.3%▲
2021 · -59.7%
ROA
-4.9%▲
2021 · -9.4%
Interest coverage
3.36▲
2021 · 0.25
Debt
€65k▲
2021 · €63k
Debt ≤ 1 year
€65k▲
2021 · €58k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€74k€74k▼
Fixed assets21/28€47k€41k▼
Tangible fixed assets22/27€47k€41k▼
Land and buildings22€11k€10k▼
Plant, machinery and equipment23€20k€17k▼
Furniture and vehicles24€17k€14k▼
Current assets29/58€27k€32k▲
Stocks and contracts in progress3€5k€8k▲
Stocks30/36€5k€8k▲
Amounts receivable within one year40/41€17k€22k▲
Trade receivables40€17k€21k▲
Other amounts receivable41€368€577▲
Cash at bank and in hand54/58€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€74k€74k▼
Equity10/15€12k€8k▼
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€444€444=
Non-distributable reserves130/1€444€444=
Reserves not available under the articles1311€444€444=
Profit (loss) carried forward14€-7k€-11k▼
Amounts payable17/49€63k€65k▲
Amounts payable after more than one year17€5k-
Financial debts170/4€5k-
Amounts payable within one year42/48€58k€65k▲
Current portion of amounts payable after more than one year42€7k€5k▼
Trade debts44€32k€58k▲
Suppliers440/4€32k€58k▲
Taxes, remuneration and social security45€4k€622▼
Taxes450/3€4k€622▼
Other amounts payable47/48€15k€2k▼
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8€2k€2k▲
Gross operating margin9900€2k€6k▲
Operating profit (loss)9901€-6k€-3k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-7k€-4k▲
Profit (loss) for the period9904€-7k€-4k▲
Profit (loss) for the period to be appropriated9905€-7k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-11k▼
Profit (loss) brought forward from the previous period14P€-310€-7k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
06-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · JO-CARS BV LANGESTRAAT 170, 9473 WELLE · event 02-03-2026
2024
21-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · JO-CARS BV LANGE- STRAAT 170, 9473 WELLE · event 17-06-2024
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 73 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Highest result since 2018net €294 ▲95.1%
Net result €294, the highest in the series.
13-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 105 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALBERT COPPENS HOEZEKOUTERDREEF 43,
9300 AALST |
17-06-2024 → present |