JOFACET
ActiveSummary
The annual accounts of JOFACET for fiscal year 2025 show a net loss of 76% of the equity at the start of that year. The 2025 annual accounts show equity of €7k and a net result of €-21k. Equity is growing by ~43.3% per year across the filed fiscal years. Its solvency ranks better than 23% of 11389 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-82
Solvency31▼-13
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.89 against 1.05 in 2024; short-term debt: 93.9% and cash: 49.8% of total assets), and 93.9% of the assets are financed with debt.
Credit check for your own amount and term
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
6.1%
Return on assets
-19.4%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 11389 sector peers (2025).
NBB · sector comparisonPosition among 11389 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
143 d early
2023
33 d early
2022
38 d early
2021
24 d early
2020
30 d early
2019
30 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€7k▼ 76.2%
2024 · €28k
2018: €-38klowest in 8 years
2019: €-26k▲ +32.0% vs 2018
2020: €-11k▲ +57.2% vs 2019
2021: €1k▲ +110% vs 2020
2022: €45k▲ +3830% vs 2021highest in 8 years
2023: €28k▼ -39.4% vs 2022
2024: €28k● 0.0% vs 2023
2025: €7k▼ -76.2% vs 2024
2018 → 2025
Total assets
€108k▼ 25.3%
2024 · €145k
2018: €252khighest in 8 years
2019: €227k▼ -9.8% vs 2018
2020: €194k▼ -14.7% vs 2019
2021: €175k▼ -9.8% vs 2020
2022: €230k▲ +31.9% vs 2021
2023: €146k▼ -36.5% vs 2022
2024: €145k▼ -1.1% vs 2023
2025: €108k▼ -25.3% vs 2024lowest in 8 years
2018 → 2025
Net result
€-21k
2024 · €15k
2018: €966
2019: €12k▲ +1166% vs 2018
2020: €15k▲ +21.4% vs 2019
2021: €12k▼ -17.4% vs 2020
2022: €44k▲ +262% vs 2021highest in 8 years
2023: €-4k▼ -109% vs 2022
2024: €15k▲ +492% vs 2023
2025: €-21k▼ -240% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-11k
2024 · €6k
2018: €-42klowest in 8 years
2019: €-7k▲ +82.6% vs 2018
2020: €21k▲ +395% vs 2019
2021: €25k▲ +17.7% vs 2020
2022: €46k▲ +83.5% vs 2021highest in 8 years
2023: €10k▼ -78.7% vs 2022
2024: €6k▼ -40.0% vs 2023
2025: €-11k▼ -284% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1k-€45k▲ 3,830%€28k▼ 39.4%€28k=€7k▼ 76.2%
2021: €1klowest in 5 years
2022: €45k▲ +3830% vs 2021highest in 5 years
2023: €28k▼ -39.4% vs 2022
2024: €28k● 0.0% vs 2023
2025: €7k▼ -76.2% vs 2024
Operating result€20k-€62k▲ 210%€2k▼ 97.4%€23k▲ 1,310%€-19k
2021: €20k
2022: €62k▲ +210% vs 2021highest in 5 years
2023: €2k▼ -97.4% vs 2022
2024: €23k▲ +1310% vs 2023
2025: €-19k▼ -182% vs 2024lowest in 5 years
Net result€12k-€44k▲ 262%€-4k€15k€-21k
2021: €12k
2022: €44k▲ +262% vs 2021highest in 5 years
2023: €-4k▼ -109% vs 2022
2024: €15k▲ +492% vs 2023
2025: €-21k▼ -240% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €19k after €23k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108k
Fixed assets
€17k ▼ 19.4%
Current assets
€91k ▼ 26.3%
Equity and liabilities €108k
Equity
€7k ▼ 76.2%
Debt
€102k ▼ 13.3%
Debt's share of the balance-sheet total rises from 80.9% to 93.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-13k▼
2024 · €29k
Cash flow
€-15k▼
2024 · €21k
Current ratio
0.89▼
2024 · 1.05
Debt to equity
15.47▲
2024 · 4.25
ROE
-320.1%▼
2024 · 54.3%
ROA
-19.4%▼
2024 · 10.4%
Interest coverage
-7.79▼
2024 · 28.94
Debt ≤ 1 year
€102k▼
2024 · €117k
Income taxes
€1k▼
2024 · €8k
Staff costs
€368k▲
2024 · €353k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€145k€108k▼
Fixed assets21/28€22k€17k▼
Tangible fixed assets22/27€21k€17k▼
Land and buildings22€6k€5k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€4k€4k▲
Financial fixed assets28€300€0▼
Current assets29/58€123k€91k▼
Amounts receivable within one year40/41€34k€35k▲
Trade receivables40€17k€21k▲
Other amounts receivable41€18k€14k▼
Cash at bank and in hand54/58€87k€54k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€145k€108k▼
Equity10/15€28k€7k▼
Contributions10/11€25k€25k=
Reserves13€3k€3k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€69€69=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€0€-21k▼
Amounts payable17/49€117k€102k▼
Amounts payable within one year42/48€117k€102k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€35k€33k▼
Suppliers440/4€35k€33k▼
Taxes, remuneration and social security45€67k€68k▲
Taxes450/3€12k€11k▼
Remuneration and social security454/9€55k€57k▲
Other amounts payable47/48€15k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€353k€368k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€384k€357k▼
Operating profit (loss)9901€23k€-19k▼
Financial income75/76B€1k€526▼
Recurring financial income75€1k€526▼
Financial charges65/66B€993€2k▲
Recurring financial charges65€993€2k▲
Profit (loss) for the period before taxes9903€23k€-20k▼
Income taxes67/77€8k€1k▼
Profit (loss) for the period9904€15k€-21k▼
Profit (loss) for the period to be appropriated9905€15k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€-21k▼
Profit (loss) brought forward from the previous period14P€0-
Profit to be distributed694/7€15k€0▼
Return on contributions (dividend)694€15k€0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €300k | €290k | €334k | €353k | €368k | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €3k | €4k | €6k | €6k | ▲ 0.7% |
| Other operating charges640/8 | €5k | €4k | €3k | €2k | €3k | ▲ 7.5% |
| Gross operating margin9900 | €341k | €359k | €343k | €384k | €357k | ▼ 6.9% |
| Operating profit (loss)9901 | €20k | €62k | €2k | €23k | €-19k | ▼ 182% |
| Financial income75/76B | €1k | €2k | €867 | €1k | €526 | ▼ 60.5% |
| Recurring financial income75 | €1k | €2k | €867 | €1k | €526 | ▼ 60.5% |
| Financial charges65/66B | €3k | €3k | €2k | €993 | €2k | ▲ 69.4% |
| Recurring financial charges65 | €3k | €3k | €2k | €993 | €2k | ▲ 69.4% |
| Profit (loss) for the period before taxes9903 | €18k | €62k | €406 | €23k | €-20k | ▼ 186% |
| Income taxes67/77 | €6k | €17k | €4k | €8k | €1k | ▼ 88.0% |
| Profit (loss) for the period9904 | €12k | €44k | €-4k | €15k | €-21k | ▼ 240% |
| Profit (loss) for the period to be appropriated9905 | €12k | €44k | €-4k | €15k | €-21k | ▼ 240% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €175k | €230k | €146k | €145k | €108k | ▼ 25.3% |
| Fixed assets21/28 | €9k | €10k | €18k | €22k | €17k | ▼ 19.4% |
| Tangible fixed assets22/27 | €9k | €10k | €17k | €21k | €17k | ▼ 18.3% |
| Land and buildings22 | - | - | €6k | €6k | €5k | ▼ 12.5% |
| Plant, machinery and equipment23 | - | - | €3k | €7k | €5k | ▼ 27.9% |
| Furniture and vehicles24 | €5k | €7k | €5k | €5k | €3k | ▼ 40.6% |
| Leasing and similar rights25 | €0 | - | - | - | - | - |
| Other tangible fixed assets26 | €4k | €3k | €2k | €4k | €4k | ▲ 21.6% |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €0 | ▼ 100% |
| Current assets29/58 | €165k | €220k | €129k | €123k | €91k | ▼ 26.3% |
| Amounts receivable within one year40/41 | €69k | €54k | €32k | €34k | €35k | ▲ 3.2% |
| Trade receivables40 | €41k | €38k | €8k | €17k | €21k | ▲ 29.2% |
| Other amounts receivable41 | €27k | €16k | €24k | €18k | €14k | ▼ 21.0% |
| Cash at bank and in hand54/58 | €95k | €165k | €95k | €87k | €54k | ▼ 38.0% |
| Deferred charges and accrued income490/1 | €2k | €1k | €2k | €2k | €1k | ▼ 23.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €175k | €230k | €146k | €145k | €108k | ▼ 25.3% |
| Equity10/15 | €1k | €45k | €28k | €28k | €7k | ▼ 76.2% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | €3k | €3k | €3k | €0 | - | - |
| Reserves not available under the articles1311 | €3k | €3k | €3k | €0 | - | - |
| Tax-exempt reserves132 | €69 | €69 | €69 | €69 | €69 | = |
| Distributable reserves133 | - | - | - | €3k | €3k | = |
| Profit (loss) carried forward14 | €-26k | €18k | €0 | €0 | €-21k | - |
| Amounts payable17/49 | €173k | €185k | €119k | €117k | €102k | ▼ 13.3% |
| Amounts payable after more than one year17 | €33k | €11k | €0 | - | - | - |
| Financial debts170/4 | €33k | €11k | €0 | - | - | - |
| Amounts payable within one year42/48 | €140k | €174k | €119k | €117k | €102k | ▼ 13.3% |
| Current portion of amounts payable after more than one year42 | €27k | €22k | €11k | €0 | - | - |
| Trade debts44 | €59k | €88k | €43k | €35k | €33k | ▼ 4.6% |
| Suppliers440/4 | €59k | €88k | €43k | €35k | €33k | ▼ 4.6% |
| Taxes, remuneration and social security45 | €54k | €64k | €50k | €67k | €68k | ▲ 1.6% |
| Taxes450/3 | €15k | €20k | €2k | €12k | €11k | ▼ 4.4% |
| Remuneration and social security454/9 | €39k | €44k | €48k | €55k | €57k | ▲ 2.9% |
| Other amounts payable47/48 | - | - | €14k | €15k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €44k | €-4k | €15k | €-21k | ▼ 240% |
| + Depreciation and write-downs630 | €16k | €3k | €4k | €6k | €6k | ▲ 0.7% |
| Operating cash flow (approximation) | €28k | €47k | €176 | €21k | €-15k | ▼ 174% |
| Investment in fixed assets (approximation) | - | €-4k | €-11k | €-10k | €-2k | ▲ 84.1% |
| Change in cash | - | €70k | €-70k | €-8k | €-33k | ▼ 328% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series.
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €44k ▲262%
Operating result €62k, net result €44k, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Nieuwpoort · 1 establishment unit since 2010
Ground area
2,161 m²
Building footprint
978 m²
Volume, LiDAR
5,308 m³
Parcel 38021B0298/00T000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Jofacet
since 20102.192.413.202
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38021B0298/00T000 | Flanders | 2,161 m² | 1 · 978 m² | 7.3 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 585 EUR awarded · 586 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 98 EUR |
| 2022 | 1 | 585 EUR | 488 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,745 companies in sector 46720 we hold annual accounts for 1,083. 173 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
Founded01-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46610Wholesale trade
46720Wholesale of motor vehicle parts and accessories
46620Wholesale of machine tools
46630Wholesale trade
46641Wholesale trade
46649Wholesale of other machinery and equipment
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.