JOAM
ActiveThe computed 12-month bankruptcy probability of JOAM is 1.9% (moderate). The 2025 annual accounts show equity of €141k and a net result of €81k. Equity is growing by ~70.1% per year across the filed fiscal years. Its solvency ranks better than 46% of 7293 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
94
/ 100
Excellent▲ +46 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+11
Solvency83▲+59
Growth78▲+26
Stability94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 1.96 against 0.78 in 2024), but 60.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
39.6%
Return on assets
22.8%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
28 d late
2022
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€141k▲ 135%
2024 · €60k
2022: €28k
2023: €49k
2024: €60k
2022 → 2025
Total assets
€355k▲ 28.5%
2024 · €276k
2022: €200k
2023: €295k
2024: €276k
2022 → 2025
Net result
€81k▲ 655%
2024 · €11k
2022: €23k
2023: €21k
2024: €11k
2022 → 2025
Working capital
€68k
2024 · €-12k
2022: €1k
2023: €-22k
2024: €-12k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€28k-€49k▲ 75.1%€60k▲ 21.8%€141k▲ 135%
Operating result€32k-€31k▼ 3.7%€19k▼ 36.6%€110k▲ 467%
Net result€23k-€21k▼ 8.6%€11k▼ 49.2%€81k▲ 655%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 467% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €355k
Fixed assets
€216k▼ 8.4%
Current assets
€139k▲ 244%
Equity and liabilities €355k
Equity
€141k▲ 135%
Debt
€214k▼ 1.0%
The debt ratio falls from 78.3% to 60.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€130k▲
2024 · €39k
Cash flow
€101k▲
2024 · €30k
Solvency
39.6%▲
2024 · 21.7%
Current ratio
1.96▲
2024 · 0.78
Quick ratio
1.96▲
2024 · 0.78
Debt / equity
1.52▼
2024 · 3.62
ROE
57.4%▲
2024 · 17.9%
ROA
22.8%▲
2024 · 3.9%
Interest coverage
24.56▲
2024 · 6.97
Debt
€214k▼
2024 · €216k
Debt ≤ 1 year
€71k▲
2024 · €52k
Debt > 1 year
€144k▼
2024 · €164k
Income taxes
€24k▲
2024 · €3k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€276k€355k▲
Fixed assets21/28€236k€216k▼
Tangible fixed assets22/27€236k€216k▼
Land and buildings22€165k€165k=
Furniture and vehicles24€71k€51k▼
Current assets29/58€40k€139k▲
Amounts receivable within one year40/41€36k€127k▲
Trade receivables40€36k€126k▲
Other amounts receivable41€0€1k▲
Cash at bank and in hand54/58€3k€10k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€276k€355k▲
Equity10/15€60k€141k▲
Contributions10/11€5k€5k=
Reserves13€55k€136k▲
Distributable reserves133€55k€136k▲
Amounts payable17/49€216k€214k▼
Amounts payable after more than one year17€164k€144k▼
Financial debts170/4€164k€144k▼
Amounts payable within one year42/48€52k€71k▲
Current portion of amounts payable after more than one year42€20k€21k▲
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€16k€29k▲
Taxes450/3€16k€29k▲
Other amounts payable47/48€14k€16k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k=
Other operating charges640/8€985€2k▲
Gross operating margin9900€40k€132k▲
Operating profit (loss)9901€19k€110k▲
Financial income75/76B€0€213▲
Recurring financial income75€0€213▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€14k€105k▲
Income taxes67/77€3k€24k▲
Profit (loss) for the period9904€11k€81k▲
Profit (loss) for the period to be appropriated9905€11k€81k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€81k▲
Transfer to equity691/2€11k€81k▲
To other reserves6921€11k€81k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2022net €81k ▲655%
Operating result €110k, net result €81k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.96
Current ratio from 0.78 to 1.96.
31-12
Financial
Equity above €100kEq €141k ▲135%
4 profitable years in a row build equity to €141k.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €11k ▼49.2%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Waregem · 1 establishment unit since 2022
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.
Nieuwstraat 908792 WaregemGround area
424 m²
Building footprint
87 m²
Volume, LiDAR
251 m³
Parcel 34010A0177/00M013, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Nieuwstraat 90, 8792 Waregem
since 20222.328.229.038
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010A0177/00M013 | Flanders | 424 m² | 1 · 87 m² | 5.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
OUTDOOR AND STYLE
BE 0696.634.303
Frameries · Eq €141k
SVI CREATIV
BE 0735.733.518
Meise · Eq €141k
DRAY CONSTRUCT
BE 0502.880.563
Brussel · Eq €141k
ALGEMENE BOUWWERKEN DE VRIESE NICK
BE 0687.883.913
Waregem · Eq €141k
SD Bouw
BE 0899.599.279
Zuienkerke · Eq €140k
Of 29,531 companies in sector 41001 we hold annual accounts for 15,863. 12,623 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-01-2022
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43990Other specialised construction activities
43999Specialised construction activities
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.