JOFI
ActiveSummary
JOFI has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €751k and a net result of €-34k. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability13▼-9
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 96.22 against 22.52 in 2023; short-term debt: 0.3% and cash: 1.4% of total assets), and 0.3% 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
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 2024Solvency, return and age of the figures
Solvency
99.7%
Return on assets
-4.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
28 d late
2022
29 d late
2021
30 d late
2020
57 d early
2019
45 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€751k▼ 4.3%
2023 · €785k
2018: €489klowest in 7 years
2019: €563k▲ +15.1% vs 2018
2020: €665k▲ +18.2% vs 2019
2021: €759k▲ +14.1% vs 2020
2022: €764k▲ +0.6% vs 2021
2023: €785k▲ +2.8% vs 2022highest in 7 years
2024: €751k▼ -4.3% vs 2023
2018 → 2024
Total assets
€753k▼ 5.2%
2023 · €794k
2018: €521klowest in 7 years
2019: €571k▲ +9.7% vs 2018
2020: €684k▲ +19.7% vs 2019
2021: €771k▲ +12.8% vs 2020
2022: €771k▼ -0.1% vs 2021
2023: €794k▲ +3.0% vs 2022highest in 7 years
2024: €753k▼ -5.2% vs 2023
2018 → 2024
Net result
€-34k
2023 · €21k
2018: €37k
2019: €74k▲ +99.6% vs 2018
2020: €102k▲ +38.6% vs 2019highest in 7 years
2021: €94k▼ -8.5% vs 2020
2022: €5k▼ -95.0% vs 2021
2023: €21k▲ +351% vs 2022
2024: €-34k▼ -260% vs 2023lowest in 7 years
2018 → 2024
Working capital
€181k▼ 9.8%
2023 · €200k
2018: €260k
2019: €370k▲ +42.5% vs 2018
2020: €488k▲ +31.9% vs 2019
2021: €509k▲ +4.3% vs 2020
2022: €514k▲ +1.0% vs 2021highest in 7 years
2023: €200k▼ -61.0% vs 2022
2024: €181k▼ -9.8% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€665k-€759k▲ 14.1%€764k▲ 0.6%€785k▲ 2.8%€751k▼ 4.3%
2020: €665klowest in 5 years
2021: €759k▲ +14.1% vs 2020
2022: €764k▲ +0.6% vs 2021
2023: €785k▲ +2.8% vs 2022highest in 5 years
2024: €751k▼ -4.3% vs 2023
Operating result€151k-€137k▼ 9.5%€-18k€-34k▼ 84.4%€-35k▼ 2.2%
2020: €151khighest in 5 years
2021: €137k▼ -9.5% vs 2020
2022: €-18k▼ -114% vs 2021
2023: €-34k▼ -84.4% vs 2022
2024: €-35k▼ -2.2% vs 2023lowest in 5 years
Net result€102k-€94k▼ 8.5%€5k▼ 95.0%€21k▲ 351%€-34k
2020: €102khighest in 5 years
2021: €94k▼ -8.5% vs 2020
2022: €5k▼ -95.0% vs 2021
2023: €21k▲ +351% vs 2022
2024: €-34k▼ -260% vs 2023lowest 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 stays negative: a loss of €35k in 2024 against €34k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €753k
Fixed assets
€570k ▼ 2.4%
Current assets
€183k ▼ 12.9%
Equity and liabilities €753k
Equity
€751k ▼ 4.3%
Debt
€2k ▼ 79.6%
Debt's share of the balance-sheet total falls from 1.2% to 0.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-17k▲
2023 · €-24k
Cash flow
€-16k▼
2023 · €32k
Current ratio
96.22▲
2023 · 22.52
Debt to equity
0.00▼
2023 · 0.01
ROE
-4.5%▼
2023 · 2.7%
ROA
-4.5%▼
2023 · 2.7%
Interest coverage
-16.41▼
2023 · -8.83
Debt ≤ 1 year
€2k▼
2023 · €9k
Income taxes
€139▼
2023 · €10k
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 · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€794k€753k▼
Fixed assets21/28€585k€570k▼
Tangible fixed assets22/27€585k€570k▼
Land and buildings22€544k€539k▼
Furniture and vehicles24€40k€32k▼
Current assets29/58€210k€183k▼
Amounts receivable within one year40/41€9k€464▼
Other amounts receivable41€9k€464▼
Current investments50/53€196k€172k▼
Cash at bank and in hand54/58€6k€10k▲
Equity and liabilities
Total equity and liabilities10/49€794k€753k▼
Equity10/15€785k€751k▼
Contributions10/11€298k€298k=
Capital10€298k€298k=
Issued capital100€298k€298k=
Reserves13€487k€454k▼
Non-distributable reserves130/1€30k€30k=
Legal reserve130€30k€30k=
Distributable reserves133€458k€424k▼
Amounts payable17/49€9k€2k▼
Amounts payable within one year42/48€9k€2k▼
Trade debts44€850€174▼
Suppliers440/4€850€174▼
Taxes, remuneration and social security45-€490
Taxes450/3-€490
Other amounts payable47/48€8k€1k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€18k▲
Other operating charges640/8€14k€4k▼
Gross operating margin9900€-10k€-13k▼
Operating profit (loss)9901€-34k€-35k▼
Financial income75/76B€68k€2k▼
Recurring financial income75€68k€2k▼
Financial charges65/66B€3k€1k▼
Recurring financial charges65€3k€1k▼
Profit (loss) for the period before taxes9903€32k€-34k▼
Income taxes67/77€10k€139▼
Profit (loss) for the period9904€21k€-34k▼
Profit (loss) for the period to be appropriated9905€21k€-34k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€-34k▼
Transfer from equity791/2-€34k
Transfer to equity691/2€21k-
To other reserves6921€21k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €183 | €251 | €320 | €10k | €18k | ▲ 70.2% |
| Other operating charges640/8 | - | €5k | €793 | €14k | €4k | ▼ 69.8% |
| Gross operating margin9900 | €151k | €142k | €-17k | €-10k | €-13k | ▼ 35.3% |
| Operating profit (loss)9901 | €151k | €137k | €-18k | €-34k | €-35k | ▼ 2.2% |
| Financial income75/76B | - | €2k | €27k | €68k | €2k | ▼ 97.1% |
| Recurring financial income75 | €568 | €2k | €27k | €68k | €2k | ▼ 97.1% |
| Financial charges65/66B | - | €1k | €1k | €3k | €1k | ▼ 61.0% |
| Recurring financial charges65 | €60 | €1k | €1k | €3k | €1k | ▼ 61.0% |
| Profit (loss) for the period before taxes9903 | €151k | €137k | €7k | €32k | €-34k | ▼ 206% |
| Income taxes67/77 | €49k | €44k | €2k | €10k | €139 | ▼ 98.7% |
| Profit (loss) for the period9904 | €102k | €94k | €5k | €21k | €-34k | ▼ 260% |
| Profit (loss) for the period to be appropriated9905 | €102k | €94k | €5k | €21k | €-34k | ▼ 260% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €684k | €771k | €771k | €794k | €753k | ▼ 5.2% |
| Fixed assets21/28 | €178k | €250k | €250k | €585k | €570k | ▼ 2.4% |
| Tangible fixed assets22/27 | €178k | €250k | €250k | €585k | €570k | ▼ 2.4% |
| Land and buildings22 | - | €247k | €247k | €544k | €539k | ▼ 1.1% |
| Furniture and vehicles24 | - | €3k | €3k | €40k | €32k | ▼ 20.8% |
| Current assets29/58 | €506k | €521k | €521k | €210k | €183k | ▼ 12.9% |
| Amounts receivable within one year40/41 | - | €5k | €31k | €9k | €464 | ▼ 94.5% |
| Trade receivables40 | - | - | €31k | - | - | - |
| Other amounts receivable41 | - | €5k | €416 | €9k | €464 | ▼ 94.5% |
| Current investments50/53 | €268k | €369k | €487k | €196k | €172k | ▼ 12.1% |
| Cash at bank and in hand54/58 | €238k | €148k | €4k | €6k | €10k | ▲ 81.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €684k | €771k | €771k | €794k | €753k | ▼ 5.2% |
| Equity10/15 | €665k | €759k | €764k | €785k | €751k | ▼ 4.3% |
| Contributions10/11 | €298k | €298k | €298k | €298k | €298k | = |
| Capital10 | - | €298k | €298k | €298k | €298k | = |
| Issued capital100 | - | €298k | €298k | €298k | €298k | = |
| Reserves13 | €368k | €462k | €466k | €487k | €454k | ▼ 7.0% |
| Non-distributable reserves130/1 | - | €30k | €30k | €30k | €30k | = |
| Legal reserve130 | - | €30k | €30k | €30k | €30k | = |
| Distributable reserves133 | - | €432k | €436k | €458k | €424k | ▼ 7.4% |
| Amounts payable17/49 | €19k | €12k | €7k | €9k | €2k | ▼ 79.6% |
| Amounts payable within one year42/48 | €19k | €12k | €7k | €9k | €2k | ▼ 79.6% |
| Trade debts44 | - | - | - | €850 | €174 | ▼ 79.5% |
| Suppliers440/4 | - | - | - | €850 | €174 | ▼ 79.5% |
| Taxes, remuneration and social security45 | - | €11k | - | - | €490 | - |
| Taxes450/3 | - | €11k | - | - | €490 | - |
| Other amounts payable47/48 | - | €2k | €7k | €8k | €1k | ▼ 85.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €102k | €94k | €5k | €21k | €-34k | ▼ 260% |
| + Depreciation and write-downs630 | €183 | €251 | €320 | €10k | €18k | ▲ 70.2% |
| Operating cash flow (approximation) | €103k | €94k | €5k | €32k | €-16k | ▼ 152% |
| Investment in fixed assets (approximation) | - | €-73k | €0 | €-345k | €-3k | ▲ 99.0% |
| Change in cash | - | €-90k | €-144k | €2k | €5k | ▲ 124% |
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
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 96.22
Current ratio from 22.52 to 96.22; short-term debt falls from €9k to €2k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €102k ▲38.6%
Operating result €151k, net result €102k, both a record.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
31-12
Financial
Liquidity times 5current ratio 44.40
Current ratio from 9.13 to 44.40; short-term debt falls from €32k to €9k.
31-12
Financial
Equity above €500kEq €563k ▲15.1%
2 profitable years in a row build equity to €563k.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Liedekerke
Ground area
1,484 m²
Building footprint
179 m²
Volume, LiDAR
1,019 m³
Parcel 23044A0858/00A000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23044A0858/00A000 | Flanders | 1,484 m² | 1 · 179 m² | 8.9 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900G4ZZ9N2MC9VK44
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 7,597 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-04-1993
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.