Equity
Equity fell by 78% in 9 years.
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Equity fell by 78% in 9 years.
Turnover rose in 2025 from €10.6m to €25.5m.
€6.9m of the debts are secured on the company's own assets. In 2021 that was €8.8m.
Between 2017 and 2025, 74% of the full-time equivalents disappeared.
JOGILO pays its suppliers 2 days earlier than in 2024. Customers pay 142 days earlier.
Lower solvency than 91% of companies in clothing. Sector median 45.4% · 50 companies.
In July 2024, 931 companies had the same profile as JOGILO has now. Each dot stands for 3 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 931 companies, not a prediction for JOGILO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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| Company | ||||
|---|---|---|---|---|
| JOGILO Denderleeuw | €25.5m | 11.0% | 5.5% | 5.4 |
| Sarco Temse | €9.6m | 2.1% | 91.3% | 26.6 |
| WESCO Zwevegem | €9.9m | 15.8% | 18.5% | 14 |
| Caroline Lebbeke | €26.9m | 13.4% | 49.6% | 36.9 |
| ROVECO Ronse | - | - | 75.6% | 16.7 |
| ATMOSPHERE Grimbergen | - | - | 52.5% | 7.8 |
| FEESTARTIKELEN SALON ROGER Maaseik | - | - | 97.4% | 5.9 |
Grey: the largest companies of the sector (clothing (NACE 14)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as JOGILO: manufacture of outerwear (NACE 14210). They are comparable in size and age: total assets between €3.3m and €15m, founded between 1963 and 1991.
JOGILO has existed since 1992. The present size dates from 2025. Turnover rose that year from €10.6m to €25.5m.
Solvency rose in 2025 from -15.0% to 5.5% because of the retained profit.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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