JOE-EDO
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Liège, Liège division
- Declared bankrupt
- 5 May 2025
- Supervising judge
- Bruno Detienne
- Official Gazette
- 09-05-2025 (pdf) ↗search the document for 2025/119570
Deadlines
- Appeal or third-party opposition until
- passed on 24 May 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 4 June 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 19 June 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 5 May 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Pierre ThiryPlace Du Haut-Pre 10, 4000 Liege 1p.thiry@cavenaile.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-08-2024, 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 · 7 filingsDeviation from the deadline
2023
31 d late
2022
31 d late
2021
31 d late
2020
43 d early
2019
19 d late
2018
49 d early
2017
31 d late
← 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 7 days after the deadline; the sector median for financial year 2023 is 1 day after the deadline, and 50% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Freight transport by road sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€65,930
2022 · €57,841
Working capital
-€250,202▼ 122%
2022 · -€112,875
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€14,778▼ 47.6%€25,235▲ 70.8%-€12,373€73,787-€41,962
Net result€7,876▼ 56.5%€13,522within the sector's middle half▲ 71.7%-€28,566below the sector's middle half€57,841within the sector's middle half-€65,930below the sector's middle half
Equity€51,593▲ 15.9%€65,115within the sector's middle half▲ 26.2%€36,549below the sector's middle half▼ 43.9%€94,390within the sector's middle half▲ 158%€28,459below the sector's middle half▼ 69.8%
Total assets€549,048▲ 11.6%€647,967within the sector's middle half▲ 18.0%€925,242within the sector's middle half▲ 42.8%€846,774within the sector's middle half▼ 8.5%€1.1mwithin the sector's middle half▲ 28.2%
Debt€497,455▲ 11.2%€582,852▲ 17.2%€888,693▲ 52.5%€752,385▼ 15.3%€1.1m▲ 40.5%
Working capital-€68,245▼ 12.4%-€67,949below the sector's middle half▲ 0.4%-€164,189below the sector's middle half▼ 142%-€112,875below the sector's middle half▲ 31.3%-€250,202below the sector's middle half▼ 122%
Solvency9.4%▲ 0.3pp10.0%below the sector's middle half▲ 0.7pp4.0%below the sector's middle half▼ 6.1pp11.1%below the sector's middle half▲ 7.2pp2.6%below the sector's middle half▼ 8.5pp
Current ratio0.76▲ 0.050.82below the sector's middle half▲ 0.060.68below the sector's middle half▼ 0.130.78below the sector's middle half▲ 0.100.65below the sector's middle half▼ 0.14
Return on assets (ROA)1.4%▼ 2.2pp2.1%within the sector's middle half▲ 0.7pp-3.1%below the sector's middle half▼ 5.2pp6.8%within the sector's middle half▲ 9.9pp-6.1%below the sector's middle half▼ 12.9pp
Staff (FTE)6.1▲ 90.6%8.9within the sector's middle half▲ 45.9%11.8within the sector's middle half▲ 32.6%13.9within the sector's middle half▲ 17.8%19.9above the sector's middle half▲ 43.2%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €41,962 after €73,787 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.1m
Fixed assets
€630,998 ▲ 41.9%
Current assets
€454,620 ▲ 13.1%
Equity and liabilities €1.1m
Equity
€28,459 ▼ 69.8%
Debt
€1.1m ▲ 40.5%
Debt's share of the balance-sheet total rises from 88.9% to 97.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€128,016▼
2022 · €202,825
Cash flow
€104,047▼
2022 · €186,879
Debt to equity
37.15▲
2022 · 7.97
ROE
-231.7%▼
2022 · 61.3%
Interest coverage
4.18▼
2022 · 9.79
Debt ≤ 1 year
€704,822▲
2022 · €514,871
Debt > 1 year
€352,336▲
2022 · €237,513
Income taxes
€423▲
2022 · €410
Staff costs
€749,476▲
2022 · €558,832
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €26,159 | - |
| Remuneration, social security and pensions62 | - | - | €495,309 | €558,832 | €749,476 | ▲ 34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €99,835 | €109,072 | €154,722 | €129,038 | €169,977 | ▲ 31.7% |
| Other operating charges640/8 | - | - | €3,699 | €15,984 | €10,587 | ▼ 33.8% |
| Non-recurring operating charges66A | - | - | €629 | €11,806 | €4,123 | ▼ 65.1% |
| Gross operating margin9900 | €358,904 | €478,193 | €641,987 | €789,447 | €892,203 | ▲ 13.0% |
| Operating profit (loss)9901 | €14,778 | €25,235 | -€12,373 | €73,787 | -€41,962 | ▼ 157% |
| Financial income75/76B | - | - | €341 | €5,186 | €7,094 | ▲ 36.8% |
| Recurring financial income75 | €275 | €3,042 | €341 | €5,186 | €2,081 | ▼ 59.9% |
| Non-recurring financial income76B | - | - | - | - | €5,013 | - |
| Financial charges65/66B | - | - | €16,136 | €20,723 | €30,640 | ▲ 47.9% |
| Recurring financial charges65 | €10,651 | €14,362 | €16,136 | €20,723 | €30,640 | ▲ 47.9% |
| Profit (loss) for the period before taxes9903 | €4,402 | €13,916 | -€28,167 | €58,251 | -€65,507 | ▼ 212% |
| Income taxes67/77 | -€3,473 | €393 | €399 | €410 | €423 | ▲ 3.3% |
| Profit (loss) for the period9904 | €7,876 | €13,522 | -€28,566 | €57,841 | -€65,930 | ▼ 214% |
| Profit (loss) for the period to be appropriated9905 | €7,876 | €13,522 | -€28,566 | €57,841 | -€65,930 | ▼ 214% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €549,048 | €647,967 | €925,242 | €846,774 | €1.1m | ▲ 28.2% |
| Fixed assets21/28 | €336,765 | €346,978 | €569,374 | €444,778 | €630,998 | ▲ 41.9% |
| Tangible fixed assets22/27 | €323,465 | €328,114 | €555,240 | €430,744 | €628,485 | ▲ 45.9% |
| Plant, machinery and equipment23 | - | - | - | €773 | €604 | ▼ 21.9% |
| Furniture and vehicles24 | - | - | €10,977 | €7,993 | €43,807 | ▲ 448% |
| Leasing and similar rights25 | - | - | €544,263 | €421,978 | €584,074 | ▲ 38.4% |
| Financial fixed assets28 | €13,300 | €18,864 | €14,134 | €14,034 | €2,513 | ▼ 82.1% |
| Current assets29/58 | €212,282 | €300,989 | €355,868 | €401,996 | €454,620 | ▲ 13.1% |
| Amounts receivable within one year40/41 | €177,649 | €206,860 | €259,856 | €289,967 | €326,755 | ▲ 12.7% |
| Trade receivables40 | - | - | €247,181 | €278,670 | €314,620 | ▲ 12.9% |
| Other amounts receivable41 | - | - | €12,675 | €11,297 | €12,135 | ▲ 7.4% |
| Cash at bank and in hand54/58 | €14,955 | €56,113 | €61,689 | €86,909 | €25,549 | ▼ 70.6% |
| Deferred charges and accrued income490/1 | - | - | €34,323 | €25,121 | €102,316 | ▲ 307% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €549,048 | €647,967 | €925,242 | €846,774 | €1.1m | ▲ 28.2% |
| Equity10/15 | €51,593 | €65,115 | €36,549 | €94,390 | €28,459 | ▼ 69.8% |
| Contributions10/11 | €20,000 | - | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | - | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €29,593 | €43,115 | €14,549 | €72,390 | €6,459 | ▼ 91.1% |
| Amounts payable17/49 | €497,455 | €582,852 | €888,693 | €752,385 | €1.1m | ▲ 40.5% |
| Amounts payable after more than one year17 | €216,928 | €213,914 | €368,636 | €237,513 | €352,336 | ▲ 48.3% |
| Financial debts170/4 | - | - | €368,636 | €237,513 | €352,336 | ▲ 48.3% |
| Amounts payable within one year42/48 | €280,527 | €368,939 | €520,057 | €514,871 | €704,822 | ▲ 36.9% |
| Current portion of amounts payable after more than one year42 | - | - | €168,354 | €118,950 | €167,267 | ▲ 40.6% |
| Financial debts43 | - | - | €7,249 | €7,229 | €10,990 | ▲ 52.0% |
| Credit institutions430/8 | - | - | €7,249 | €7,229 | €10,990 | ▲ 52.0% |
| Trade debts44 | €138,779 | €187,764 | €265,282 | €272,314 | €409,522 | ▲ 50.4% |
| Suppliers440/4 | - | - | €265,282 | €272,314 | €409,522 | ▲ 50.4% |
| Taxes, remuneration and social security45 | - | - | €74,995 | €106,134 | €87,191 | ▼ 17.8% |
| Taxes450/3 | - | - | €23,348 | €46,506 | €10,292 | ▼ 77.9% |
| Remuneration and social security454/9 | - | - | €51,647 | €59,628 | €76,899 | ▲ 29.0% |
| Other amounts payable47/48 | - | - | €4,177 | €10,245 | €29,852 | ▲ 191% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,876 | €13,522 | -€28,566 | €57,841 | -€65,930 | ▼ 214% |
| + Depreciation and write-downs630 | €99,835 | €109,072 | €154,722 | €129,038 | €169,977 | ▲ 31.7% |
| Operating cash flow (approximation) | €107,711 | €122,594 | €126,156 | €186,879 | €104,047 | ▼ 44.3% |
| Investment in fixed assets (approximation) | - | -€119,285 | -€377,118 | -€4,442 | -€356,197 | ▼ 7,919% |
| Change in cash | - | €41,158 | €5,576 | €25,219 | -€61,360 | ▼ 343% |
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
2025
09-05
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 05-05-2025
2024
02-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet -€65,930
Net result drops to -€65,930, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Back to profitnet €57,841
Net result €57,841 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Verviers · 1 establishment unit since 2017
Ground area
8,730 m²
Building footprint
1,074 m²
Volume, LiDAR
7,965 m³
Parcel 63059A0316/00N000, Wallonia · tallest building 20.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JOE-EDO
since 20172.260.195.119
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63059A0316/00N000 | Wallonia | 8,730 m² | 1 · 1,074 m² | 20.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIERRE THIRY Place Du Haut-Pre 10, 4000 Liege 1 |
05-05-2025 → present |
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Of 12,573 companies in this sector we hold annual accounts for 8,205. 5,449 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded19-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
49420Removal services
52250Logistics services
Contact
Website
compta@joe-edo.be
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.