JOAL
ActiveSummary
JOAL has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€193,584) and a net result of -€751. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 5% of 8101 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
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Signals
This company filed its last 6 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
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Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,943 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €449 | €525 | €194 | €1,068 | ▲ 451% |
| Operating profit (loss)9901 | -€772 | -€449 | -€525 | -€194 | -€1,068 | ▼ 451% |
| Financial income75/76B | - | - | - | - | €351 | - |
| Recurring financial income75 | - | - | - | - | €351 | - |
| Financial charges65/66B | - | €45 | €45 | €45 | €34 | ▼ 25.0% |
| Recurring financial charges65 | €79 | €45 | €45 | €45 | €34 | ▼ 25.0% |
| Profit (loss) for the period before taxes9903 | -€851 | -€493 | -€570 | -€239 | -€751 | ▼ 215% |
| Profit (loss) for the period9904 | -€851 | -€493 | -€570 | -€239 | -€751 | ▼ 215% |
| Profit (loss) for the period to be appropriated9905 | -€851 | -€493 | -€570 | -€239 | -€751 | ▼ 215% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8,997 | €8,192 | €7,621 | €7,382 | €6,353 | ▼ 13.9% |
| Tangible fixed assets22/27 | - | - | €0 | - | - | - |
| Current assets29/58 | €8,997 | €8,192 | €7,621 | €7,382 | €6,353 | ▼ 13.9% |
| Amounts receivable within one year40/41 | - | €2 | €2 | €2 | €2 | = |
| Other amounts receivable41 | - | €2 | €2 | €2 | €2 | = |
| Cash at bank and in hand54/58 | €8,997 | €8,190 | €7,619 | €7,380 | €6,351 | ▼ 13.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8,997 | €8,192 | €7,621 | €7,382 | €6,353 | ▼ 13.9% |
| Equity10/15 | -€191,530 | -€192,023 | -€192,594 | -€192,832 | -€193,584 | ▼ 0.4% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Issued capital100 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Profit (loss) carried forward14 | -€266,530 | -€267,023 | -€267,594 | -€267,832 | -€268,584 | ▼ 0.3% |
| Amounts payable17/49 | €200,527 | €200,215 | €200,215 | €200,215 | €199,937 | ▼ 0.1% |
| Amounts payable within one year42/48 | €200,527 | €200,215 | €200,215 | €200,215 | €199,937 | ▼ 0.1% |
| Financial debts43 | - | €195,000 | €195,000 | €195,000 | €195,000 | = |
| Other loans439 | - | €195,000 | €195,000 | €195,000 | €195,000 | = |
| Trade debts44 | €5,288 | €5,215 | €5,215 | €5,215 | €4,937 | ▼ 5.3% |
| Suppliers440/4 | - | €5,215 | €5,215 | €5,215 | €4,937 | ▼ 5.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€851 | -€493 | -€570 | -€239 | -€751 | ▼ 215% |
| Operating cash flow (approximation) | -€851 | -€493 | -€570 | -€239 | -€751 | ▼ 215% |
| Change in cash | - | -€807 | -€570 | -€239 | -€1,029 | ▼ 331% |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11021A0070/00H004 | Flanders | 1,347 m² | 1 · 146 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Similar companies · same sector and region
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.