Summary
JOA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €1,897 and a net result of -€7,793. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 3320 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
47 d late
2022
10 d late
2021
8 d late
2020
39 d late
2019
119 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 41 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€1,897▼ 80.4%
2023 · €9,690
Net result
-€7,793
2023 · €1,897
Total assets
€5,509▼ 49.9%
2023 · €10,990
Solvency
34.4%▼ 53.7pp
2023 · 88.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€4,227▼ 75.8%-€3,115€8,831€2,020▼ 77.1%-€7,639
Net result€4,078below the sector's middle half▼ 76.2%-€3,330below the sector's middle half€8,741within the sector's middle half€1,897below the sector's middle half▼ 78.3%-€7,793below the sector's middle half
Equity€2,381below the sector's middle half-€949below the sector's middle half€7,792below the sector's middle half€9,690below the sector's middle half▲ 24.3%€1,897below the sector's middle half▼ 80.4%
Total assets€7,258below the sector's middle half▼ 36.6%€4,316below the sector's middle half▼ 40.5%€20,452below the sector's middle half▲ 374%€10,990below the sector's middle half▼ 46.3%€5,509below the sector's middle half▼ 49.9%
Debt€4,877▼ 62.9%€5,265▲ 7.9%€12,659▲ 140%€1,300▼ 89.7%€3,612▲ 178%
Working capital€1,947-€1,208€7,706€9,690▲ 25.7%€1,897▼ 80.4%
Solvency32.8%within the sector's middle half▲ 47.6pp-22.0%below the sector's middle half▼ 54.8pp38.1%within the sector's middle half▲ 60.1pp88.2%above the sector's middle half▲ 50.1pp34.4%within the sector's middle half▼ 53.7pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €7,639 after €2,020 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €5,509
Equity
€1,897 ▼ 80.4%
Debt
€3,612 ▲ 178%
Debt's share of the balance-sheet total rises from 11.8% to 65.6%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-410.7%▼
2023 · 19.6%
ROA
-141.4%▼
2023 · 17.3%
Debt ≤ 1 year
€3,612▲
2023 · €1,300
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €88 | €174 | €174 | €86 | - | - |
| Other operating charges640/8 | - | €1,062 | €348 | €384 | €455 | ▲ 18.5% |
| Gross operating margin9900 | €6,178 | -€1,879 | €9,352 | €2,491 | -€7,184 | ▼ 388% |
| Operating profit (loss)9901 | €4,227 | -€3,115 | €8,831 | €2,020 | -€7,639 | ▼ 478% |
| Financial charges65/66B | - | €215 | €90 | €123 | €154 | ▲ 25.2% |
| Recurring financial charges65 | €149 | €215 | €90 | €123 | €154 | ▲ 25.2% |
| Profit (loss) for the period before taxes9903 | €4,078 | -€3,330 | €8,741 | €1,897 | -€7,793 | ▼ 511% |
| Profit (loss) for the period9904 | €4,078 | -€3,330 | €8,741 | €1,897 | -€7,793 | ▼ 511% |
| Profit (loss) for the period to be appropriated9905 | €4,078 | -€3,330 | €8,741 | €1,897 | -€7,793 | ▼ 511% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7,258 | €4,316 | €20,452 | €10,990 | €5,509 | ▼ 49.9% |
| Fixed assets21/28 | €433 | €260 | €86 | €0 | - | - |
| Tangible fixed assets22/27 | €433 | €260 | €86 | €0 | - | - |
| Furniture and vehicles24 | - | €260 | €86 | €0 | - | - |
| Current assets29/58 | €6,825 | €4,056 | €20,366 | €10,990 | €5,509 | ▼ 49.9% |
| Amounts receivable within one year40/41 | €3,532 | €4,012 | €8,258 | €8,947 | €5,392 | ▼ 39.7% |
| Trade receivables40 | - | - | €4,500 | - | - | - |
| Other amounts receivable41 | - | €4,012 | €3,758 | €8,947 | €5,392 | ▼ 39.7% |
| Cash at bank and in hand54/58 | €3,293 | €44 | €12,107 | €2,044 | €117 | ▼ 94.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7,258 | €4,316 | €20,452 | €10,990 | €5,509 | ▼ 49.9% |
| Equity10/15 | €2,381 | -€949 | €7,792 | €9,690 | €1,897 | ▼ 80.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€16,219 | -€19,549 | -€10,808 | -€8,910 | -€16,703 | ▼ 87.5% |
| Amounts payable17/49 | €4,877 | €5,265 | €12,659 | €1,300 | €3,612 | ▲ 178% |
| Amounts payable within one year42/48 | €4,877 | €5,265 | €12,659 | €1,300 | €3,612 | ▲ 178% |
| Trade debts44 | €1,873 | €1,409 | €1,409 | €1,300 | €1,418 | ▲ 9.0% |
| Suppliers440/4 | - | €1,409 | €1,409 | €1,300 | €1,418 | ▲ 9.0% |
| Taxes, remuneration and social security45 | - | - | €11,250 | - | - | - |
| Taxes450/3 | - | - | €11,250 | - | - | - |
| Other amounts payable47/48 | - | €3,856 | - | - | €2,194 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,078 | -€3,330 | €8,741 | €1,897 | -€7,793 | ▼ 511% |
| + Depreciation and write-downs630 | €88 | €174 | €174 | €86 | - | - |
| Operating cash flow (approximation) | €4,165 | -€3,156 | €8,915 | €1,984 | -€7,793 | ▼ 493% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | -€3,248 | €12,063 | -€10,064 | -€1,927 | ▲ 80.9% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet -€7,793
Net result drops to -€7,793, the lowest in the series.
16-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 47 days late
2023
31-12
Financial
Liquidity times 5current ratio 8.45
Current ratio from 1.61 to 8.45; short-term debt falls from €12,659 to €1,300.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Back to profitnet €8,741
Net result €8,741 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.61
Current ratio from 0.77 to 1.61.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
08-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 39 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 119 days late
2019
31-12
Financial
Back to profitnet €17,135
Net result €17,135 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Namur · 1 establishment unit since 2011
Ground area
822 m²
Building footprint
152 m²
Volume, LiDAR
751 m³
Parcel 92322D0199/00H000, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de l'Avoine(JB) 10, 5100 Namur
since 20112.202.337.290
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92322D0199/00H000 | Wallonia | 822 m² | 1 · 152 m² | 7.2 m · 2 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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Of 4,673 companies in sector 66220 we hold annual accounts for 3,220. 243 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
Founded01-08-2011
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.