JOGILO
ActiveSummary
JOGILO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€1.4m) and a net result of -€421,748. Equity is shrinking by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 12% of 36 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability19▲+6
Solvency10▼-1
Growth38=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.72 in 2023; short-term debt: 98.3% and cash: 0.5% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-15%
Return on assets
-4.4%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 14
Relative position
BE, all sectors
reference
Manufacture of wearing apparel (NACE 14)
about 12% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€1.4m
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 16-07-2025, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
15 d early
2023
21 d early
2022
55 d early
2021
61 d early
2020
54 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#2 company by total assets in Denderleeuw, Manufacturing sector#6 oldest company in Denderleeuw, Manufacturing sector
Turnover
€10.6m▼ 7.1%
2023 · €11.4m
EBIT margin
0.5%▲ 1.5pp
2023 · -1.0%
Net result
-€421,748▲ 26.6%
2023 · -€574,203
Working capital
-€2.3m▼ 27.6%
2023 · -€1.8m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€19.0m▼ 27.5%€17.2m▼ 9.5%€24.6m▲ 42.8%€11.4m▼ 53.8%€10.6m▼ 7.1%
Operating result€195,783▲ 10.2%€349,693▲ 78.6%€686,901▲ 96.4%-€111,631€50,943
Net result€93,399-€172,779€279,483-€574,203-€421,748▲ 26.6%
EBIT margin1.0%▲ 0.4pp2.0%▲ 1.0pp2.8%▲ 0.8pp-1.0%▼ 3.8pp0.5%▲ 1.5pp
Equity-€541,794▲ 14.7%-€714,573▼ 31.9%-€435,090▲ 39.1%-€1.0m▼ 132%-€1.4m▼ 41.8%
Total assets€12.3m▲ 113%€11.8m▼ 4.8%€17.1m▲ 45.8%€7.2m▼ 57.9%€9.6m▲ 32.6%
Debt€12.9m▲ 101%€12.5m▼ 3.2%€17.6m▲ 41.0%€8.2m▼ 53.2%€11.0m▲ 33.8%
Working capital-€2.1m▲ 7.8%-€2.3m▼ 8.0%-€1.1m▲ 51.4%-€1.8m▼ 67.0%-€2.3m▼ 27.6%
Staff (FTE)13.7▼ 6.8%8.6▼ 37.2%6.6▼ 23.3%5.7▼ 13.6%5.6▼ 1.8%
Why a figure moved sharply
- 2023 Turnover -54%, Equity -132%, Total assets -58% on 2022. Cause not known from the registers.
- 2020 Total assets +113% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €50,943 after a loss of €111,631 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.6m
Fixed assets
€2.5m ▼ 4.1%
Current assets
€7.1m ▲ 53.4%
Key figures and ratios
EBITDA
€158,926▲
2023 · €4,779
Cash flow
-€313,766▲
2023 · -€457,793
Solvency
-15.0%▼
2023 · -14.0%
Current ratio
0.75▲
2023 · 0.72
Quick ratio
0.74▲
2023 · 0.57
Debt to equity
-7.69▲
2023 · -8.15
ROA
-4.4%▲
2023 · -8.0%
Interest coverage
0.36▲
2023 · 0.01
Debt ≤ 1 year
€9.4m▲
2023 · €6.4m
Debt > 1 year
€1.6m▼
2023 · €1.8m
Income taxes
€20,695▲
2023 · €1,294
Staff costs
€508,978▼
2023 · €541,547
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,798 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 2.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,798 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €17.3m | €24.6m | €11.5m | €10.6m | ▼ 8.0% |
| Turnover70 | €19.0m | €17.2m | €24.6m | €11.4m | €10.6m | ▼ 7.1% |
| Other operating income74 | - | €64,203 | €25,851 | €105,566 | €25,132 | ▼ 76.2% |
| Non-recurring operating income76A | - | €9,838 | €2,500 | €36,715 | €2,500 | ▼ 93.2% |
| Operating charges60/66A | - | €16.9m | €23.9m | €11.6m | €10.5m | ▼ 9.3% |
| Goods for resale, raw materials and consumables60 | - | €14.2m | €21.4m | €10.1m | €9.2m | ▼ 8.4% |
| Purchases600/8 | - | €13.2m | €23.7m | €8.6m | €8.3m | ▼ 3.2% |
| Change in stocks: decrease (increase)609 | - | €1.1m | -€2.3m | €1.5m | €919,338 | ▼ 38.6% |
| Services and other goods61 | - | €2.1m | €1.7m | €877,162 | €725,070 | ▼ 17.3% |
| Remuneration, social security and pensions62 | - | €510,180 | €531,543 | €541,547 | €508,978 | ▼ 6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €161,502 | €149,569 | €133,700 | €116,410 | €107,982 | ▼ 7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€76,958 | €19,470 | -€32,260 | -€68,090 | ▼ 111% |
| Other operating charges640/8 | - | €24,045 | €153,936 | €8,920 | €9,353 | ▲ 4.8% |
| Operating profit (loss)9901 | €195,783 | €349,693 | €686,901 | -€111,631 | €50,943 | ▲ 146% |
| Financial income75/76B | - | €20,416 | €5.4m | €21,586 | €18,997 | ▼ 12.0% |
| Recurring financial income75 | €804,963 | €20,416 | €23,914 | €21,586 | €18,997 | ▼ 12.0% |
| Income from financial fixed assets750 | - | €0 | - | - | - | - |
| Income from current assets751 | - | €17,340 | €17,849 | €19,655 | €18,930 | ▼ 3.7% |
| Other financial income752/9 | - | €3,076 | €6,066 | €1,930 | €67 | ▼ 96.5% |
| Non-recurring financial income76B | - | - | €5.3m | €0 | - | - |
| Financial charges65/66B | - | €541,363 | €5.8m | €482,864 | €470,994 | ▼ 2.5% |
| Recurring financial charges65 | €905,992 | €407,363 | €429,856 | €482,864 | €470,994 | ▼ 2.5% |
| Debt charges650 | €344,668 | €355,716 | €379,530 | €447,832 | €442,966 | ▼ 1.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | €0 | -€493,167 | €0 | - | - |
| Other financial charges652/9 | - | €51,648 | €543,493 | €35,031 | €28,028 | ▼ 20.0% |
| Non-recurring financial charges66B | - | €134,000 | €5.3m | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €94,754 | -€171,254 | €280,960 | -€572,909 | -€401,053 | ▲ 30.0% |
| Income taxes67/77 | €1,354 | €1,525 | €1,477 | €1,294 | €20,695 | ▲ 1,499% |
| Taxes670/3 | - | €1,525 | €1,477 | €1,294 | €20,695 | ▲ 1,499% |
| Profit (loss) for the period9904 | €93,399 | -€172,779 | €279,483 | -€574,203 | -€421,748 | ▲ 26.6% |
| Profit (loss) for the period to be appropriated9905 | €93,399 | -€172,779 | €279,483 | -€574,203 | -€421,748 | ▲ 26.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.3m | €11.8m | €17.1m | €7.2m | €9.6m | ▲ 32.6% |
| Fixed assets21/28 | €3.0m | €2.8m | €2.7m | €2.6m | €2.5m | ▼ 4.1% |
| Intangible fixed assets21 | €5,800 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €738,591 | €597,263 | €535,063 | €452,114 | €344,132 | ▼ 23.9% |
| Land and buildings22 | - | €199,826 | €172,342 | €147,293 | €123,490 | ▼ 16.2% |
| Plant, machinery and equipment23 | - | €72,127 | €52,005 | €36,346 | €22,546 | ▼ 38.0% |
| Furniture and vehicles24 | - | €87,357 | €114,019 | €113,033 | €83,910 | ▼ 25.8% |
| Leasing and similar rights25 | - | €40,546 | €28,431 | €16,316 | €4,201 | ▼ 74.3% |
| Other tangible fixed assets26 | - | €197,408 | €168,267 | €139,126 | €109,985 | ▼ 20.9% |
| Financial fixed assets28 | €2.3m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Affiliated companies280/1 | - | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Participating interests280 | - | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Other financial fixed assets284/8 | - | €47,250 | €47,250 | €47,250 | €47,250 | = |
| Shares284 | - | €0 | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | €47,250 | €47,250 | €47,250 | €47,250 | = |
| Current assets29/58 | €9.3m | €9.0m | €14.5m | €4.6m | €7.1m | ▲ 53.4% |
| Stocks and contracts in progress3 | €1.1m | €132,328 | €2.4m | €920,035 | €68,788 | ▼ 92.5% |
| Stocks30/36 | - | €132,328 | €2.4m | €920,035 | €68,788 | ▼ 92.5% |
| Goods purchased for resale34 | - | €132,328 | €2.4m | €920,035 | €68,788 | ▼ 92.5% |
| Amounts receivable within one year40/41 | €6.7m | €8.7m | €11.6m | €3.6m | €6.8m | ▲ 87.5% |
| Trade receivables40 | - | €8.0m | €10.9m | €3.0m | €6.1m | ▲ 106% |
| Other amounts receivable41 | - | €615,728 | €760,006 | €635,505 | €652,338 | ▲ 2.6% |
| Cash at bank and in hand54/58 | €636,668 | €25,658 | €92,933 | €9,200 | €46,225 | ▲ 402% |
| Deferred charges and accrued income490/1 | - | €189,756 | €339,889 | €71,102 | €189,850 | ▲ 167% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.3m | €11.8m | €17.1m | €7.2m | €9.6m | ▲ 32.6% |
| Equity10/15 | -€541,794 | -€714,573 | -€435,090 | -€1.0m | -€1.4m | ▼ 41.8% |
| Contributions10/11 | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Capital10 | - | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Issued capital100 | - | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Reserves13 | €151,379 | €151,379 | €151,379 | €151,379 | €151,379 | = |
| Non-distributable reserves130/1 | - | €151,379 | €151,379 | €151,379 | €151,379 | = |
| Legal reserve130 | - | €151,379 | €151,379 | €151,379 | €151,379 | = |
| Profit (loss) carried forward14 | -€2.4m | -€2.5m | -€2.3m | -€2.8m | -€3.3m | ▼ 14.8% |
| Amounts payable17/49 | €12.9m | €12.5m | €17.6m | €8.2m | €11.0m | ▲ 33.8% |
| Amounts payable after more than one year17 | €1.4m | €1.1m | €2.0m | €1.8m | €1.6m | ▼ 10.6% |
| Financial debts170/4 | - | €1.1m | €2.0m | €1.8m | €1.6m | ▼ 10.6% |
| Subordinated loans170 | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Leasing and similar obligations172 | - | €34,102 | €23,787 | €13,253 | €0 | ▼ 100% |
| Credit institutions173 | - | - | €880,101 | €707,813 | €532,889 | ▼ 24.7% |
| Other loans174 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €11.4m | €11.3m | €15.5m | €6.4m | €9.4m | ▲ 46.1% |
| Current portion of amounts payable after more than one year42 | - | €97,268 | €193,182 | €196,192 | €201,746 | ▲ 2.8% |
| Financial debts43 | - | €8.8m | €10.5m | €4.7m | €6.7m | ▲ 42.5% |
| Credit institutions430/8 | - | €8.8m | €10.5m | €4.7m | €6.7m | ▲ 42.5% |
| Trade debts44 | €513,698 | €370,175 | €2.2m | €235,854 | €251,668 | ▲ 6.7% |
| Suppliers440/4 | - | €370,175 | €2.2m | €235,854 | €251,668 | ▲ 6.7% |
| Taxes, remuneration and social security45 | - | €1.3m | €1.9m | €461,745 | €595,629 | ▲ 29.0% |
| Taxes450/3 | - | €1.2m | €1.8m | €405,152 | €534,286 | ▲ 31.9% |
| Remuneration and social security454/9 | - | €72,492 | €98,025 | €56,593 | €61,343 | ▲ 8.4% |
| Other amounts payable47/48 | - | €717,671 | €719,171 | €879,847 | €1.7m | ▲ 94.3% |
| Accrued charges and deferred income492/3 | - | €122,189 | €72,375 | €11,512 | €7,247 | ▼ 37.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €93,399 | -€172,779 | €279,483 | -€574,203 | -€421,748 | ▲ 26.6% |
| + Depreciation and write-downs630 | €161,502 | €149,569 | €133,700 | €116,410 | €107,982 | ▼ 7.2% |
| Operating cash flow (approximation) | €254,901 | -€23,211 | €413,183 | -€457,793 | -€313,766 | ▲ 31.5% |
| Investment in fixed assets (approximation) | - | €102,453 | -€71,500 | -€33,461 | €0 | ▲ 100% |
| Change in cash | - | -€611,011 | €67,275 | -€83,733 | €37,024 | ▲ 144% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €279,483
Net result €279,483 after one loss-making year.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €93,399
Net result €93,399 after 2 loss-making years.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
17-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 170 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 19 acts read
About the unread acts
We know of 19 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
19 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, Denderleeuw · 1 establishment unit since 1992
Ground area
2.3 ha
Building footprint
1.2 ha
Volume, LiDAR
123,513 m³
2 parcels, Flanders · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
JOGILO
since 19922.057.822.336
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41010B0737/00F003 | Flanders | 2.2 ha | 1 · 1.2 ha | 15.0 m · 4 fl. |
| 41076B1122/00C000 | Flanders | 1,343 m² | 1 · 449 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
- Sourceaccounts VIMA 202444.81%
Holdings 1
-
79.06%
According to the 2024 annual accounts of JOGILO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,995 EUR awarded · 2,995 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,995 EUR | 2,995 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300OA4BOSNJ2FDJ82
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Of 1,090 companies in sector 14210 we hold annual accounts for 212. 62 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-05-1992
Fiscal year end31-12
Activities, NACEBEL 2025
14210Manufacture of outerwear
46423Wholesale of clothing, excluding workwear and underwear
13929Manufacture of textiles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447500491
Also
9925:BE0447500491
Registered
16-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.