JOAX
ActiveSummary
JOAX has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €282,656 and a net result of €15,690. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 39% of 4235 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability43▼-29
Solvency52▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 2.08 against 1.86 in 2024; short-term debt: 40.7% and cash: 4% of total assets), but 73.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
26.8%
Return on assets
1.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-03-2026, 133 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
133 d early
2024
17 d early
2023
30 d early
2022
60 d early
2021
26 d early
2020
95 d early
2019
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 60 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€15,690▼ 51.1%
2024 · €32,112
Working capital
€464,643▲ 24.0%
2024 · €374,665
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20212022202320242025
Operating result€136,698▼ 48.3%€194,050▲ 42.0%€94,301▼ 51.4%€59,071▼ 37.4%€53,370▼ 9.7%
Net result€114,439within the sector's middle half▼ 44.1%€125,211above the sector's middle half▲ 9.4%€50,372within the sector's middle half▼ 59.8%€32,112within the sector's middle half▼ 36.3%€15,690within the sector's middle half▼ 51.1%
Equity€212,731within the sector's middle half▲ 13.3%€318,942within the sector's middle half▲ 49.9%€367,715within the sector's middle half▲ 15.3%€375,967within the sector's middle half▲ 2.2%€282,656within the sector's middle half▼ 24.8%
Total assets€889,595within the sector's middle half▲ 43.4%€1.3mwithin the sector's middle half▲ 41.3%€1.1mwithin the sector's middle half▼ 12.5%€1.2mwithin the sector's middle half▲ 6.8%€1.1mwithin the sector's middle half▼ 10.2%
Debt€676,864▲ 56.5%€937,950▲ 38.6%€732,661▼ 21.9%€798,917▲ 9.0%€771,858▼ 3.4%
Working capital€64,060within the sector's middle half▼ 54.2%€381,105within the sector's middle half▲ 495%€352,373within the sector's middle half▼ 7.5%€374,665within the sector's middle half▲ 6.3%€464,643within the sector's middle half▲ 24.0%
Solvency23.9%within the sector's middle half▼ 6.4pp25.4%within the sector's middle half▲ 1.5pp33.4%within the sector's middle half▲ 8.0pp32.0%within the sector's middle half▼ 1.4pp26.8%within the sector's middle half▼ 5.2pp
Current ratio1.15within the sector's middle half▼ 0.331.85within the sector's middle half▲ 0.702.03within the sector's middle half▲ 0.181.86within the sector's middle half▼ 0.162.08within the sector's middle half▲ 0.22
Return on assets (ROA)12.9%above the sector's middle half▼ 20.1pp10.0%above the sector's middle half▼ 2.9pp4.6%within the sector's middle half▼ 5.4pp2.7%within the sector's middle half▼ 1.8pp1.5%within the sector's middle half▼ 1.2pp
Staff (FTE)1below the sector's middle half▲ 233%1below the sector's middle half=1.1below the sector's middle half▲ 10.0%0.9below the sector's middle half▼ 18.2%1.1below the sector's middle half▲ 22.2%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 10% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€161,186 ▼ 56.1%
Current assets
€893,328 ▲ 10.6%
Equity and liabilities €1.1m
Equity
€282,656 ▼ 24.8%
Debt
€771,858 ▼ 3.4%
Debt's share of the balance-sheet total rises from 68.0% to 73.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€79,431▼
2024 · €97,118
Cash flow
€41,751▼
2024 · €70,159
Quick ratio
0.33▼
2024 · 0.41
Debt to equity
2.73▲
2024 · 2.12
ROE
5.6%▼
2024 · 8.5%
Interest coverage
2.66▼
2024 · 6.94
Debt ≤ 1 year
€428,685▼
2024 · €433,331
Debt > 1 year
€334,037▼
2024 · €363,592
Income taxes
€7,836▼
2024 · €13,285
Staff costs
€12,062▲
2024 · €10,410
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 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% | 1.7% |
| 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 75% 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 4,504 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €7,697 | €4,660 | €9,666 | €10,410 | €12,062 | ▲ 15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,595 | €36,713 | €37,510 | €38,046 | €26,061 | ▼ 31.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €584 | - | - | - | - |
| Other operating charges640/8 | €11,212 | €7,116 | €8,315 | €7,626 | €6,913 | ▼ 9.3% |
| Gross operating margin9900 | €181,202 | €243,123 | €149,792 | €115,154 | €98,406 | ▼ 14.5% |
| Operating profit (loss)9901 | €136,698 | €194,050 | €94,301 | €59,071 | €53,370 | ▼ 9.7% |
| Financial income75/76B | €726 | €72 | €146 | €314 | - | - |
| Recurring financial income75 | €726 | €72 | €146 | €314 | - | - |
| Financial charges65/66B | €10,656 | €17,389 | €22,608 | €13,989 | €29,844 | ▲ 113% |
| Recurring financial charges65 | €10,656 | €17,389 | €22,608 | €13,989 | €29,844 | ▲ 113% |
| Profit (loss) for the period before taxes9903 | €126,768 | €176,732 | €71,839 | €45,397 | €23,526 | ▼ 48.2% |
| Income taxes67/77 | €12,329 | €51,521 | €21,466 | €13,285 | €7,836 | ▼ 41.0% |
| Profit (loss) for the period9904 | €114,439 | €125,211 | €50,372 | €32,112 | €15,690 | ▼ 51.1% |
| Profit (loss) for the period to be appropriated9905 | €114,439 | €125,211 | €50,372 | €32,112 | €15,690 | ▼ 51.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €889,595 | €1.3m | €1.1m | €1.2m | €1.1m | ▼ 10.2% |
| Fixed assets21/28 | €390,507 | €425,109 | €404,934 | €366,888 | €161,186 | ▼ 56.1% |
| Tangible fixed assets22/27 | €389,707 | €424,309 | €404,934 | €366,888 | €161,186 | ▼ 56.1% |
| Land and buildings22 | €318,296 | €340,237 | €342,917 | €326,793 | €142,881 | ▼ 56.3% |
| Plant, machinery and equipment23 | €13,989 | €10,442 | €7,795 | €5,149 | €2,634 | ▼ 48.8% |
| Furniture and vehicles24 | €57,422 | €73,630 | €54,222 | €34,946 | €15,671 | ▼ 55.2% |
| Financial fixed assets28 | €800 | €800 | - | - | - | - |
| Current assets29/58 | €499,087 | €831,783 | €695,441 | €807,996 | €893,328 | ▲ 10.6% |
| Stocks and contracts in progress3 | €380,063 | €566,377 | €571,181 | €629,623 | €752,749 | ▲ 19.6% |
| Stocks30/36 | €380,063 | €566,377 | €571,181 | €629,623 | €752,749 | ▲ 19.6% |
| Amounts receivable within one year40/41 | €40,645 | €86,588 | €81,899 | €115,625 | €93,715 | ▼ 18.9% |
| Trade receivables40 | €39,460 | €86,442 | €81,436 | €115,427 | €90,954 | ▼ 21.2% |
| Other amounts receivable41 | €1,185 | €146 | €463 | €198 | €2,761 | ▲ 1,293% |
| Cash at bank and in hand54/58 | €77,369 | €173,193 | €35,906 | €55,468 | €42,099 | ▼ 24.1% |
| Deferred charges and accrued income490/1 | €1,011 | €5,625 | €6,454 | €7,280 | €4,765 | ▼ 34.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €889,595 | €1.3m | €1.1m | €1.2m | €1.1m | ▼ 10.2% |
| Equity10/15 | €212,731 | €318,942 | €367,715 | €375,967 | €282,656 | ▼ 24.8% |
| Contributions10/11 | €18,600 | €18,600 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €194,131 | €300,342 | €347,255 | €355,507 | €262,196 | ▼ 26.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €192,271 | €298,482 | €347,255 | €355,507 | €262,196 | ▼ 26.2% |
| Amounts payable17/49 | €676,864 | €937,950 | €732,661 | €798,917 | €771,858 | ▼ 3.4% |
| Amounts payable after more than one year17 | €240,361 | €483,967 | €385,307 | €363,592 | €334,037 | ▼ 8.1% |
| Financial debts170/4 | €240,361 | €483,967 | €385,307 | €363,592 | €334,037 | ▼ 8.1% |
| Amounts payable within one year42/48 | €435,028 | €450,677 | €343,068 | €433,331 | €428,685 | ▼ 1.1% |
| Current portion of amounts payable after more than one year42 | €47,653 | €55,361 | €45,660 | €42,444 | €34,641 | ▼ 18.4% |
| Financial debts43 | €175,000 | €175,000 | €175,000 | €175,000 | €175,000 | = |
| Credit institutions430/8 | €175,000 | €175,000 | €175,000 | €175,000 | €175,000 | = |
| Trade debts44 | - | €40,042 | €12,416 | €102,821 | €19,822 | ▼ 80.7% |
| Suppliers440/4 | - | €40,042 | €12,416 | €102,821 | €19,822 | ▼ 80.7% |
| Advances received on contracts in progress46 | - | - | €3,400 | - | - | - |
| Taxes, remuneration and social security45 | €108,047 | €157,516 | €89,000 | €85,545 | €78,170 | ▼ 8.6% |
| Taxes450/3 | €106,684 | €156,496 | €88,099 | €83,458 | €76,054 | ▼ 8.9% |
| Remuneration and social security454/9 | €1,364 | €1,020 | €900 | €2,087 | €2,116 | ▲ 1.4% |
| Other amounts payable47/48 | €104,327 | €22,759 | €17,593 | €27,521 | €121,052 | ▲ 340% |
| Accrued charges and deferred income492/3 | €1,475 | €3,306 | €4,286 | €1,995 | €9,136 | ▲ 358% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €114,439 | €125,211 | €50,372 | €32,112 | €15,690 | ▼ 51.1% |
| + Depreciation and write-downs630 | €25,595 | €36,713 | €37,510 | €38,046 | €26,061 | ▼ 31.5% |
| Operating cash flow (approximation) | €140,034 | €161,924 | €87,882 | €70,159 | €41,751 | ▼ 40.5% |
| Investment in fixed assets (approximation) | - | -€71,315 | -€17,335 | €0 | €179,641 | - |
| Change in cash | - | €95,824 | -€137,287 | €19,562 | -€13,369 | ▼ 168% |
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
Next filing, fiscal year 2026, expected by
2026
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €15,690 ▼51.1%
Net result drops to €15,690, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €200,000Eq €212,731 ▲13.3%
4 profitable years in a row build equity to €212,731.
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €204,614 ▲199%
Operating result €264,508, net result €204,614, both a record.
31-12
Financial
Equity above €150,000Eq €187,732 ▲131%
3 profitable years in a row build equity to €187,732.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Stavelot · 1 establishment unit since 2009
Ground area
1.3 ha
Building footprint
50 m²
Volume, LiDAR
484 m³
2 parcels, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Route de Trois-Ponts 3, 4970 Stavelot
since 20092.182.449.916
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63073B1210/00N000 | Wallonia | 1.3 ha | - | - |
| 63073B1154/00Y003 | Wallonia | 456 m² | 1 · 50 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 10,664 companies in sector 47811 we hold annual accounts for 5,226. 3,672 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
Founded14-10-2009
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
02100Forestry and logging
47812Retail trade
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
49420Removal services
52210Service activities incidental to land transportation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0819650592
Also
9925:BE0819650592
Registered
25-04-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.