Jocreations
ActiveFrom the official registers: KBO 13 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of Jocreations is 3.1% (moderate). The 2025 annual accounts show equity of €29,205 and a net result of €6,338. Equity is shrinking by about 2.7% per year across the filed financial years. Its solvency ranks better than 17% of 34,855 sector peers (NACE 43, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 11-09-2012 Normal situation
- Legal form
- Private limited company
- Registered office
- Eug. de Grootelaan 6, 8650 Houthulst
- Activity
- Joinery installation NACE 43320and 3 others
- Establishment unit
- 2.212.587.420 8650 Houthulst, since 11-09-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 12-05-2026
How it is doing
- Bankruptcy probabilitywithin 12 months
- 3.1%
- Gross margin
- €25,122
- Turnover
- ≈ €150,000
- estimated
- Profit
- €6,338
- Equity
- €29,205
- ▲ 27.7%
- Total assets
- €200,784
- ▼ 23.4%
Why 50raises riskLast filed accounts filed 69 days late; 2 of the last 3 lateLiquidity: current ratio 0.80, cash €290Sector: Specialised construction activities (NACE 43)lowers riskFounded in 2012Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 17% on solvency, 28% on liquidity, 28% on profitability and 73% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 31 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
2025 annual accounts filed late (69 days) Filed on 8 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00552651.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 08-10-2026
- Format
- micro format
- Reference
- 2026-00552651
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €11,955 after a loss of €31,256 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96.9% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a higher bankruptcy probability: 3.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 4,508 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €870 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €41,469 | €45,213 | €35,934 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,284 | €4,257 | €3,677 | €9,496 | €13,545 | €12,552 | €12,996 | €11,404 | ▼ 12.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €10,000 | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €820 | €1,477 | €717 | €652 | €1,764 | ▲ 171% |
| Gross operating margin9900 | €82,337 | €35,315 | €52,393 | €62,805 | €85,305 | €60,642 | -€17,608 | €25,122 | - |
| Operating profit (loss)9901 | €31,913 | -€11,965 | €2,945 | €11,020 | €15,070 | €11,439 | -€31,256 | €11,955 | - |
| Financial income75/76B | - | - | - | €287 | €12 | €8 | €22 | €3 | ▼ 86.9% |
| Recurring financial income75 | €797 | €1,093 | €868 | €287 | €12 | €8 | €22 | €3 | ▼ 86.9% |
| Financial charges65/66B | - | - | - | €2,770 | €2,527 | €7,615 | €6,016 | €5,421 | ▼ 9.9% |
| Recurring financial charges65 | €1,178 | €1,444 | €2,745 | €2,770 | €2,527 | €7,615 | €6,016 | €5,421 | ▼ 9.9% |
| Profit (loss) for the period before taxes9903 | €31,532 | -€12,316 | €1,068 | €8,537 | €12,555 | €3,832 | -€37,250 | €6,536 | - |
| Income taxes67/77 | €2,849 | €185 | €160 | €158 | €0 | €1,020 | -€95 | €198 | - |
| Profit (loss) for the period9904 | €28,683 | -€12,501 | €908 | €8,378 | €12,555 | €2,812 | -€37,154 | €6,338 | - |
| Profit (loss) for the period to be appropriated9905 | €28,683 | -€12,501 | €908 | €8,378 | €12,555 | €2,812 | -€37,154 | €6,338 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €104,097 | €95,238 | €106,404 | €281,214 | €320,318 | €313,639 | €262,046 | €200,784 | ▼ 23.4% |
| Fixed assets21/28 | €15,191 | €11,436 | €34,670 | €172,025 | €163,430 | €156,019 | €142,893 | €157,419 | ▲ 10.2% |
| Tangible fixed assets22/27 | €15,191 | €11,436 | €34,670 | €172,025 | €163,430 | €156,019 | €142,893 | €157,419 | ▲ 10.2% |
| Land and buildings22 | - | - | - | €168,659 | €159,282 | €150,594 | €141,905 | €157,419 | ▲ 10.9% |
| Plant, machinery and equipment23 | - | - | - | €2,375 | €3,815 | €2,165 | €515 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €991 | €333 | €3,260 | €472 | €0 | ▼ 100% |
| Current assets29/58 | €88,906 | €83,802 | €71,734 | €109,189 | €156,888 | €157,621 | €119,154 | €43,366 | ▼ 63.6% |
| Stocks and contracts in progress3 | €28,383 | €19,671 | €22,169 | €47,297 | €65,965 | €59,613 | €41,213 | €18,750 | ▼ 54.5% |
| Stocks30/36 | - | - | - | €22,531 | €47,565 | €41,213 | €41,213 | €18,750 | ▼ 54.5% |
| Contracts in progress37 | - | - | - | €24,766 | €18,400 | €18,400 | €0 | - | - |
| Amounts receivable within one year40/41 | €36,525 | €34,371 | €24,650 | €56,783 | €89,559 | €96,116 | €76,981 | €24,325 | ▼ 68.4% |
| Trade receivables40 | - | - | - | €45,253 | €80,250 | €89,668 | €74,819 | €20,437 | ▼ 72.7% |
| Other amounts receivable41 | - | - | - | €11,530 | €9,309 | €6,448 | €2,162 | €3,888 | ▲ 79.8% |
| Current investments50/53 | - | - | - | - | €103 | €103 | €0 | - | - |
| Cash at bank and in hand54/58 | €5,883 | €103 | €103 | €3,826 | €0 | €401 | €100 | €290 | ▲ 189% |
| Deferred charges and accrued income490/1 | - | - | - | €1,284 | €1,261 | €1,388 | €860 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €104,097 | €95,238 | €106,404 | €281,214 | €320,318 | €313,639 | €262,046 | €200,784 | ▼ 23.4% |
| Equity10/15 | €47,869 | €35,368 | €36,276 | €44,655 | €57,210 | €60,022 | €22,867 | €29,205 | ▲ 27.7% |
| Contributions10/11 | €40,000 | €40,000 | - | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €7,869 | €7,869 | €7,869 | €4,655 | €4,655 | €4,655 | €4,655 | €4,655 | = |
| Non-distributable reserves130/1 | - | - | - | €4,000 | €4,000 | €4,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €4,000 | €4,000 | €4,000 | €0 | - | - |
| Distributable reserves133 | - | - | - | €655 | €655 | €655 | €4,655 | €4,655 | = |
| Profit (loss) carried forward14 | - | -€12,501 | -€11,593 | - | €12,555 | €15,367 | -€21,788 | -€15,449 | ▲ 29.1% |
| Amounts payable17/49 | €56,227 | €59,870 | €70,128 | €236,559 | €263,108 | €253,618 | €239,179 | €171,579 | ▼ 28.3% |
| Amounts payable after more than one year17 | €20,400 | €13,600 | €31,234 | €170,104 | €150,640 | €156,907 | €135,618 | €117,242 | ▼ 13.5% |
| Financial debts170/4 | - | - | - | €170,104 | €150,640 | €156,907 | €135,618 | €117,242 | ▼ 13.5% |
| Amounts payable within one year42/48 | €35,827 | €46,270 | €38,894 | €66,455 | €112,468 | €96,711 | €103,561 | €54,337 | ▼ 47.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,800 | €10,741 | €20,608 | €21,284 | €18,376 | ▼ 13.7% |
| Financial debts43 | - | - | - | €11,520 | €28,241 | €7,920 | €28,646 | €27,209 | ▼ 5.0% |
| Credit institutions430/8 | - | - | - | €5,520 | €28,241 | €7,920 | €28,646 | €27,209 | ▼ 5.0% |
| Other loans439 | - | - | - | €6,000 | €0 | - | - | - | - |
| Trade debts44 | €17,976 | €30,404 | €27,059 | €42,671 | €58,872 | €56,050 | €41,815 | €8,364 | ▼ 80.0% |
| Suppliers440/4 | - | - | - | €42,671 | €58,872 | €56,050 | €41,815 | €8,364 | ▼ 80.0% |
| Taxes, remuneration and social security45 | - | - | - | €4,721 | €7,643 | €7,795 | €664 | €388 | ▼ 41.6% |
| Taxes450/3 | - | - | - | €920 | €2,290 | €1,692 | €664 | €388 | ▼ 41.6% |
| Remuneration and social security454/9 | - | - | - | €3,801 | €5,354 | €6,103 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €743 | €6,970 | €4,337 | €11,151 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,683 | -€12,501 | €908 | €8,378 | €12,555 | €2,812 | -€37,154 | €6,338 | - |
| + Depreciation and write-downs630 | €4,284 | €4,257 | €3,677 | €9,496 | €13,545 | €12,552 | €12,996 | €11,404 | ▼ 12.3% |
| Operating cash flow (approximation) | €32,967 | -€8,244 | €4,585 | €17,875 | €26,100 | €15,363 | -€24,158 | €17,742 | - |
| Investment in fixed assets (approximation) | - | -€503 | -€26,911 | -€146,851 | -€4,950 | -€5,140 | €130 | -€25,930 | - |
| Change in cash | - | -€5,780 | €0 | €3,723 | -€3,826 | €401 | -€301 | €190 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-10-2026 | 2026-00552651 | NBB |
| 31-12-2024 | micro format | 06-10-2025 | 2025-00531164 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00404447 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00283731 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20234185 | |
| 31-12-2020 | micro format | 29-07-2021 | 2021-41700409 | |
| 31-12-2019 | micro format | 25-09-2020 | 2020-55900568 | |
| 31-12-2018 | micro format | 17-06-2019 | 2019-18800521 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56300076 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-51100004 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| De Ruyter, Jonas Willy |
|
How the board is organised
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke of rechtspersonen, statutair of niet”1 more provision on this in the deed
Articles of association, deed of 09-01-2024 (in Dutch)
Owners and capital
Owners
Other provisions of the articles of association
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Winstverdeling, batig saldo jaarrekening na lasten,onkosten,afschrijvingen,provisies”6 more provisions in the deed, see the deed of 09-01-2024
Articles of association, deed of 09-01-2024 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
09-01
Gazette deed
Resignation: De Ruyter, Jonas Willy (manager)Appointment: De Ruyter, Jonas Willy (director) · Amendment of the articles · Capital conversion8 facts ▸
- General meeting, 27-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “van rechtswege omgezet, artikel 39 §2,tweede lid wet 23-03-2019” (deed in Dutch)
- Reserve release, “opheffen statutair onbeschikbare eigen vermogensrekening, onmiddellijk” (deed in Dutch)
- Director resignation, De Ruyter, Jonas Willy (manager)
- Director discharge, De Ruyter, Jonas Willy (manager)
- Director appointment, De Ruyter, Jonas Willy (director (not named in the articles))
- Registered office clause, “Vlaamse Gewest, 8650 Houthulst, Eug. De Grootelaan 6” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0848.585.494
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose according to the articles of association
- PurposeThe activities the company may carry out under its articles.
- “Onderneming voor het vervaardigen van buiten- en binnenschrijnwerk van hout of van kunststof: deuren,vensters,kozijnen,trappen,muurkasten…”
24 activities
- Onderneming voor het vervaardigen van buiten- en binnenschrijnwerk van hout of van kunststof: deuren,vensters,kozijnen,trappen,muurkasten enz
- Onderneming voor het vervaardigen van buiten- en binnenschrijnwerk in metaal: deuren,vensters,kozijnen,trappen,muurkasten,veranda’s,gordijngevels,pergola’s enz
- Onderneming voor het vervaardigen en monteren van metalen constructiewerken en gebinten voor de bouw
- Onderneming voor het plaatsen van buiten- en binnenschrijnwerk van hout of van kunststof
- Onderneming voor het plaatsen van buiten- en binnenschrijnwerk in metaal
- Onderneming voor de installatie van al dan niet verplaatsbare tussenwanden,bekleding van wanden,plafonds enz.in hout of kunststof
- Onderneming voor de installatie van al dan niet verplaatsbare tussenwanden,bekleding van wanden,plafonds enz.in metaal
- Onderneming voor het bekleden van metaal met andere beschermende of decoratieve materialen dan metaal: plasticiferen,emailleren,lakken enz.
- Onderneming voor het plaatsen van koepels in kunststof
- Onderneming voor het vervaardigen en plaatsen van stores,zonweringen en zonneschermen
- Aannemer glaswerken (levering en/of plaatsing)
- Aannemer schrijnwerken - timmerman
- Algemene bouwonderneming
- Algemene bouwwerkzaamheden beperkt tot de coördinatie van de werken uitgevoerd door onderaannemers
- Onderneming voor het restaureren,het instandhouden en renoveren van gebouwen en monumenten
- Onderneming voor slopingswerken van gebouwen en kunstwerken – aannemer sloopwerken
- Onderneming voor het bouwen en de verkoop van stellingen alsmede het invoegen van gevels
- Onderneming voor warmte- en geluidsisolering
- Aannemer - plaatser van wand- en vloerbekleding
- Metalen constructies
- Aannemer van zinkwerken en metalen dakbedekkingen van gebouwen
- Groot- en kleinhandel in bouwproducten en - materialen
- Onderneming voor het coördineren van de veiligheid op werven
- Verlenen van managementadviezen aan bedrijven
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Jocreations
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest”
Articles of association, deed of 09-01-2024 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 32006D0018/00A014 | Flanders | 2,000 m² | 1 · 195 m² | 8.6 m · 1 |