Liquidity
Short-term debts rose from €6,280 to €20,698.
Short-term debts rose from €6,280 to €20,698.
Two of the last ten came late. The 2017 accounts came latest: 77 days after the end of the period.
Higher solvency than 95% of companies in real estate. Sector median 30.7% · 11,297 companies.
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 91% of them on solvency, 54% on liquidity, 55% on profitability and 43% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 8,617 companies had the same profile as JOCON has now. Each dot stands for 22 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JOCON itself: 0.1% within 12 months.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for JOCON. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 25.41 (77.38 in 2024), above the usual 1.5. Short-term debt is 1.3% and cash 0.4% of total assets. 1.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 49 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| JOCON Ghent | €1.5m | €21,212 | 98.7% | 0 |
| IBERTRADE Antwerp | €1.9m | €21,270 | 87.5% | 0 |
| JADO Hasselt | €1.1m | €21,405 | 47.2% | 0 |
| MALLY CONSTRUCT & DESIGN Ghent | €1.3m | €26,779 | 7.9% | 0 |
| HEYNS - STUER Sint-Niklaas | €1.1m | €20,652 | 99.6% | 0.4 |
| Pol Brecht | €2.0m | €30,527 | 81.9% | 0 |
| TALLIEU - TALLIEU Ghent | €1.6m | €12,342 | 98.8% | 0.2 |
These companies have the same main activity as JOCON: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €1.1m and €2m, founded between 1981 and 2010.
JOCON files the abbreviated format. That format states no turnover. The gross margin fell from €45,700 in 2007 to €21,212 in 2025.
The balance sheet grew most from 2012 to 2013 through fixed assets.
JOMAN holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €57,000. Estimated: probably between €38,000 and €91,000.
Higher than 95% of 11,297 companies in 2025.
Higher than 95% of 10,849 companies in 2025.
Higher than 34% of 11,182 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter · Staff: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.4m | 1.4m | 1.4m | 1.3m | 1.3m | 1.4m | 1.4m | 1.6m | 1.4m | 150,548 | 201,771 | 242,955 | 282,683 | 320,078 | |
21/28 |
1.0m | 1.0m | 1.1m | 1.1m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.3m | 1.3m | 1.4m | 1.3m | 1.2m | 140,994 | 191,941 | 242,887 | 281,827 | 315,956 | |
22/27 |
1.0m | 1.0m | 1.1m | 1.1m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.3m | 1.3m | 1.4m | 1.3m | 1.2m | 140,994 | 191,941 | 242,887 | 281,827 | 315,956 | |
22 |
1.0m | 1.0m | 1.1m | 1.1m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.3m | 1.3m | 1.4m | 1.2m | 1.2m | 123,769 | 171,815 | 219,862 | 267,909 | 315,956 | |
23 |
- | - | - | - | - | - | 2,738 | 3,684 | 1,610 | 4,472 | 7,335 | 10,204 | 13,142 | 16,470 | 17,226 | 20,125 | 23,025 | 13,917 | - | |
24 |
372 | 711 | 1,050 | 1,389 | 1,736 | 2,170 | - | - | - | 2,567 | 5,134 | 7,701 | 10,268 | - | - | - | - | - | - | |
29/58 |
525,906 | 485,954 | 462,970 | 394,383 | 372,814 | 276,310 | 189,547 | 152,018 | 72,985 | 45,794 | 52,705 | 21,627 | 312,650 | 164,495 | 9,554 | 9,830 | 68 | 856 | 4,122 | |
40/41 |
517,979 | 473,800 | 423,443 | 349,713 | 323,206 | 64,472 | 54,075 | 46,072 | 39,415 | 34,408 | 23,607 | 13,304 | 311,073 | 114,303 | - | - | - | - | 3,100 | |
40 |
15,752 | 4,085 | 12,119 | 26,819 | 46,953 | 0 | 54,075 | 46,072 | 39,345 | 34,302 | 23,487 | 13,304 | - | - | - | - | - | - | - | |
41 |
502,227 | 469,715 | 411,324 | 322,894 | 276,253 | 64,472 | - | - | 70 | 105 | 119 | - | 311,073 | 114,303 | - | - | - | - | 3,100 | |
54/58 |
6,593 | 10,820 | 36,542 | 44,669 | 49,608 | 211,838 | 132,866 | 101,076 | 33,570 | 11,387 | 29,098 | 8,323 | 1,577 | 50,192 | 9,554 | 9,830 | 68 | 856 | 1,022 | |
490/1 |
1,334 | 1,334 | 2,985 | - | - | 0 | 2,605 | 4,869 | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.4m | 1.4m | 1.4m | 1.3m | 1.3m | 1.4m | 1.4m | 1.6m | 1.4m | 150,548 | 201,771 | 242,955 | 282,683 | 320,078 | |
10/15 |
1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.4m | 1.4m | 1.3m | 1.3m | 1.2m | 1.2m | 1.2m | 998,128 | 952,891 | -135,295 | -120,474 | -112,562 | -102,507 | -87,862 | |
10/11 |
1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 0 | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.3m | 1.3m | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | - | - | 0 | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
101 |
- | - | - | - | - | 0 | 19,100 | 19,100 | 19,100 | 19,100 | 19,100 | 19,100 | 236,100 | 236,100 | - | - | - | - | - | |
11 |
- | - | - | - | - | 1.5m | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 1.5m | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
15,722 | 23,860 | 18,601 | -17,051 | -34,676 | -78,788 | -131,803 | -177,893 | -222,043 | -252,834 | -263,996 | -289,307 | -285,772 | -331,009 | -155,295 | -140,474 | -132,562 | -122,507 | -107,862 | |
17/49 |
20,698 | 6,280 | 22,227 | 22,964 | 58,561 | 17,612 | 8,179 | 53,014 | 7,312 | 64,912 | 138,306 | 187,867 | 580,758 | 451,045 | 285,843 | 322,245 | 355,517 | 385,190 | 407,940 | |
17 |
- | - | - | - | - | - | - | - | - | - | 57,599 | 119,073 | 174,201 | 233,038 | 16,666 | 61,456 | 106,245 | 151,034 | 195,824 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | 57,599 | 119,073 | 174,201 | 233,038 | 16,666 | 61,456 | 106,245 | 151,034 | 195,824 | |
42/48 |
20,698 | 6,280 | 22,227 | 16,985 | 51,249 | 5,406 | 8,179 | 45,701 | - | 57,599 | 73,394 | 62,059 | 406,556 | 210,277 | 263,391 | 255,004 | 243,487 | 228,773 | 206,734 | |
42 |
- | - | - | - | - | - | - | - | - | 57,599 | 61,474 | 60,083 | 63,679 | 74,172 | 44,790 | 44,789 | 44,789 | 44,789 | 44,789 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | 125,000 | 125,000 | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | 125,000 | 125,000 | - | - | - | - | - | |
44 |
5,128 | 1,280 | 6,283 | 14,953 | 35,447 | 5,406 | 7,345 | 45,701 | - | - | 11,920 | 1,976 | 878 | 11,105 | 115 | 2,387 | 12,503 | 239 | 106 | |
440/4 |
5,128 | 1,280 | 6,283 | 14,953 | 35,447 | 5,406 | 7,345 | 45,701 | - | - | 11,920 | 1,976 | 878 | 11,105 | 115 | 2,387 | 12,503 | 239 | 106 | |
45 |
- | 0 | 15,315 | 2,030 | - | - | - | - | - | - | - | - | - | - | 2,589 | 1,917 | 1,694 | 1,583 | - | |
450/3 |
- | 0 | 15,315 | 2,030 | - | - | - | - | - | - | - | - | - | - | 2,589 | 1,917 | 1,694 | 1,583 | - | |
47/48 |
15,569 | 5,000 | 630 | 2 | 15,803 | 0 | 834 | - | - | - | - | - | 217,000 | - | 215,898 | 205,911 | 184,500 | 182,163 | 161,839 | |
492/3 |
- | - | 0 | 5,979 | 7,312 | 12,206 | - | 7,312 | 7,312 | 7,312 | 7,312 | 6,735 | - | 7,730 | 5,785 | 5,785 | 5,785 | 5,383 | 5,383 | |
| Income statement | ||||||||||||||||||||
9900 |
21,212 | 37,784 | 75,755 | 82,969 | 83,910 | 93,804 | 90,794 | 93,091 | 93,331 | 70,269 | 91,213 | 88,069 | 71,549 | 67,330 | 59,961 | 64,792 | 60,665 | 56,311 | 45,700 | |
630 |
33,672 | 33,672 | 33,672 | 39,542 | 38,358 | 36,080 | 36,274 | 35,583 | 54,000 | 55,322 | 55,328 | 55,397 | 44,655 | 208,200 | 50,947 | 50,947 | 50,947 | 49,593 | 48,047 | |
640/8 |
8,711 | 8,265 | 7,622 | 9,257 | 5,783 | 7,508 | 8,346 | 13,296 | 7,763 | 1,540 | 6,978 | 6,464 | 122 | 2,524 | 2,437 | 2,500 | - | 138 | 106 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | 29,486 | - | - | - | - | - | |
9901 |
-21,171 | -4,152 | 34,461 | 34,170 | 39,769 | 50,217 | 46,173 | 44,211 | 31,569 | 13,407 | 28,907 | 26,208 | 26,772 | -143,394 | 6,577 | 11,345 | 9,719 | 6,580 | -2,453 | |
75/76B |
13,801 | 13,345 | 16,663 | 13,918 | 4,413 | 2,891 | - | - | - | 3 | 5 | 7 | 27,273 | 1,603 | - | 1 | 1 | 4 | 14 | |
75 |
13,801 | 13,345 | 16,663 | 13,918 | 4,413 | 2,891 | - | - | - | 3 | 5 | 7 | 27,273 | 1,603 | - | 1 | 1 | 4 | 14 | |
65/66B |
768 | 235 | 196 | 171 | 70 | 93 | 84 | 61 | 778 | 2,248 | 3,602 | 26,469 | 8,808 | 4,436 | 21,398 | 19,258 | 19,774 | 21,229 | 10,660 | |
65 |
768 | 235 | 196 | 171 | 70 | 93 | 84 | 61 | 778 | 2,248 | 3,602 | 26,469 | 8,808 | 4,436 | 21,398 | 19,258 | 19,774 | 21,229 | 10,660 | |
9903 |
-8,138 | 8,958 | 50,927 | 47,916 | 44,112 | 53,015 | 46,090 | 44,151 | 30,791 | 11,162 | 25,311 | -254 | 45,237 | -175,713 | -14,821 | -7,912 | -10,054 | -14,645 | -13,099 | |
67/77 |
0 | 3,699 | 15,275 | 30,292 | - | - | - | - | - | - | - | 3,280 | - | 1 | - | - | - | - | - | |
9904 |
-8,138 | 5,259 | 35,652 | 17,625 | 44,112 | 53,015 | 46,090 | 44,151 | 30,791 | 11,162 | 25,311 | -3,534 | 45,237 | -175,714 | -14,821 | -7,912 | -10,054 | -14,645 | -13,099 | |
9905 |
-8,138 | 5,259 | 35,652 | 17,625 | 44,112 | 53,015 | 46,090 | 44,151 | 30,791 | 11,162 | 25,311 | -3,534 | 45,237 | -175,714 | -14,821 | -7,912 | -10,054 | -14,645 | -13,099 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
15,722 | 23,860 | 18,601 | -17,051 | -34,676 | -78,788 | -131,803 | -177,893 | -222,043 | -252,834 | -263,996 | -289,307 | -285,772 | -331,009 | -155,295 | -140,474 | -132,562 | -122,507 | -107,862 | |
14P |
23,860 | 18,601 | -17,051 | -34,676 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||||
The accounts for 4 older financial years (2003-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 12-12-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 12-12-2025 | 2025-00580575 | |
| 30-06-2024 | abbreviated format | 20-11-2024 | 2024-00602165 | |
| 30-06-2023 | abbreviated format | 06-12-2023 | 2023-00523598 | |
| 30-06-2022 | abbreviated format | 30-11-2022 | 2022-20527933 | |
| 30-06-2021 | abbreviated format | 15-12-2021 | 2021-80200531 | |
| 30-06-2020 | abbreviated format | 09-12-2020 | 2020-75000362 | |
| 30-06-2019 | micro format | 30-01-2020 | 2020-03300003 | |
| 30-06-2018 | micro format | 31-01-2019 | 2019-03700292 | |
| 30-06-2017 | micro format | 18-04-2018 | 2018-10100393 | |
| 30-06-2016 | abbreviated format | 24-02-2017 | 2017-05300150 | |
| 30-06-2015 | abbreviated format | 11-02-2016 | 2016-04300196 | |
| 30-06-2014 | abbreviated format | 13-02-2015 | 2015-04200489 | |
| 30-06-2013 | abbreviated format | 26-02-2014 | 2014-05100076 | |
| 30-06-2012 | abbreviated format | 07-02-2013 | 2013-03400297 | |
| 30-06-2011 | abbreviated format | 16-02-2012 | 2012-03900085 | |
| 30-06-2010 | abbreviated format | 31-01-2011 | 2011-02500405 | |
| 30-06-2009 | abbreviated format | 23-02-2010 | 2010-05500118 | |
| 30-06-2008 | abbreviated format | 18-02-2009 | 2009-05100297 | |
| 30-06-2007 | abbreviated format | 31-12-2007 | 2007-85500155 | |
| 30-06-2006 | abbreviated format | 27-12-2006 | 2006-93600202 | |
| 30-06-2005 | abbreviated format | 30-12-2005 | 2005-92205091 | |
| 30-06-2004 | abbreviated format | 31-12-2004 | 2004-90001394 | |
| 30-06-2003 | abbreviated format | 31-12-2003 | 2003-87001220 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12,501 | 29,520 | 68,133 | 73,712 | 78,127 | 86,297 | 82,448 | 79,795 | 85,569 | 68,729 | 84,235 | 81,605 | 71,427 | 64,806 | 57,524 | 62,292 | 60,665 | 56,173 | 45,594 | ||
| 25,534 | 38,931 | 69,324 | 57,166 | 82,471 | 89,095 | 82,364 | 79,734 | 84,790 | 66,484 | 80,639 | 51,863 | 89,892 | 32,486 | 36,126 | 43,034 | 40,892 | 34,948 | 34,948 | ||
| 0 | 0 | 0 | 0 | 26,915 | 11,766 | 0 | 46,403 | 0 | 0 | 0 | 166,995 | 71,449 | 1.3m | 0 | 0 | 12,007 | 15,464 | 465 | ||
| -4,227 | -25,722 | -8,127 | -4,939 | -162,229 | 78,972 | 31,790 | 67,506 | 22,184 | -17,711 | 20,775 | 6,746 | -48,615 | 40,638 | -277 | 9,763 | -788 | -166 | - | ||
| 505,208 | 479,674 | 440,743 | 377,398 | 321,565 | 270,904 | 181,368 | 106,316 | - | -11,805 | -20,689 | -40,432 | -93,906 | -45,782 | -253,837 | -245,174 | -243,419 | -227,917 | -202,612 | ||
| 98.7% | 99.6% | 98.6% | 98.5% | 96.2% | 98.8% | 99.4% | 96.1% | 99.4% | 95.1% | 89.9% | 86.6% | 63.2% | 67.9% | -89.9% | -59.7% | -46.3% | -36.3% | -27.5% | ||
| 25.41 | 77.38 | 20.83 | 23.22 | 7.27 | 51.11 | 23.18 | 3.33 | - | 0.80 | 0.72 | 0.35 | 0.77 | 0.78 | 0.04 | 0.04 | 0.00 | 0.00 | 0.02 | ||
| 0.01 | 0.00 | 0.01 | 0.02 | 0.04 | 0.01 | 0.01 | 0.04 | 0.01 | 0.05 | 0.11 | 0.16 | 0.58 | 0.47 | - | - | - | - | - | ||
| -0.5% | 0.3% | 2.3% | 1.2% | 3.0% | 3.7% | 3.4% | 3.3% | 2.4% | 0.9% | 2.0% | -0.3% | 4.5% | -18.4% | - | - | - | - | - | ||
| -0.5% | 0.3% | 2.3% | 1.2% | 2.9% | 3.7% | 3.3% | 3.2% | 2.4% | 0.9% | 1.8% | -0.3% | 2.9% | -12.5% | -9.8% | -3.9% | -4.1% | -5.2% | -4.1% | ||
| 16.28 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is a loss of €21,171, larger than the loss of €4,152 in 2024. It is the lowest result since 2012.
Debt's share of the balance-sheet total rises from 0.4% to 1.3%. Equity is lower and debt is higher.
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 30-12-2025 accounts of JOMAN. Every holding stands with its own latest accounts.
| NOTARIS JOOST EEMAN, NOTARISVENNOOTSCHAP
registered office since 03-07-2008 · founded in 2008 |
12 FTE (2025) 0899.092.703 |
| JOMAN
registered office since 26-10-2011 · founded in 2011 |
total assets €13.3m (2025) 0840.698.703 |
| BTW-EENHEID EEMAN
registered office since 01-07-2017 |
founded in 2017 0676.432.765 |
The network starts from the directors of JOCON. Every other company they run is a node.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Oudenaardsesteenweg 50 registered office 9000 Ghent | 05-06-2002 | 2.310.714.501 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44809I0539/00G003 | 1,406 m² | 1 · 348 m² | 11.7 m · 2 |
If something looks wrong or is missing, please tell us.