JOHAN
ActiveThe file of JOHAN contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 0.6% (low). The 2024 annual accounts show negative equity (-€41,155) and a net result of €100,504. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 19362 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+65
Solvency11▲+11
Growth78▲+26
Track record85
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.91 against 1.3 in 2023; short-term debt: 75.7% and cash: 49% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
-14.1%
Return on assets
34.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 19362 sector peers (2024).
NBB · sector comparisonPosition among 19362 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-10-2025, 81 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
81 d late
2023
82 d late
2022
75 d late
2021
85 d late
2020
87 d late
2019
35 d late
← 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 74 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€100,504
2023 · -€1,785
Working capital
-€19,670
2023 · €66,934
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€1,866▼ 97.9%€55,002▲ 2,847%-€86,600€5,149€102,813▲ 1,897%
Net result-€9,262within the sector's middle half€42,959within the sector's middle half-€98,149below the sector's middle half-€1,785within the sector's middle half▲ 98.2%€100,504above the sector's middle half
Equity-€84,684below the sector's middle half▼ 12.3%-€41,725below the sector's middle half▲ 50.7%-€139,874below the sector's middle half▼ 235%-€141,659below the sector's middle half▼ 1.3%-€41,155below the sector's middle half▲ 70.9%
Total assets€560,750below the sector's middle half▼ 0.5%€513,237below the sector's middle half▼ 8.5%€454,767within the sector's middle half▼ 11.4%€419,824within the sector's middle half▼ 7.7%€291,610within the sector's middle half▼ 30.5%
Debt€645,435▲ 1.0%€554,962▼ 14.0%€594,641▲ 7.1%€561,483▼ 5.6%€332,765▼ 40.7%
Working capital€216,448▼ 5.7%€224,468▲ 3.7%€109,690▼ 51.1%€66,934▼ 39.0%-€19,670
Solvency-15.1%below the sector's middle half▼ 1.7pp-8.1%below the sector's middle half▲ 7.0pp-30.8%below the sector's middle half▼ 22.6pp-33.7%below the sector's middle half▼ 3.0pp-14.1%below the sector's middle half▲ 19.6pp
Staff (FTE)3.9within the sector's middle half▼ 9.3%5.5within the sector's middle half▲ 41.0%4▼ 27.3%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 1,897% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €291,610
Fixed assets
€90,418 ▼ 28.7%
Current assets
€201,191 ▼ 31.3%
Key figures and ratios
EBITDA
€109,508▲
2023 · €15,970
Cash flow
€107,198▲
2023 · €9,037
Current ratio
0.91▼
2023 · 1.30
Debt to equity
-8.09▼
2023 · -3.96
ROA
34.5%▲
2023 · -0.4%
Interest coverage
44.18▲
2023 · 2.07
Debt ≤ 1 year
€220,861▼
2023 · €226,063
Debt > 1 year
€111,904▼
2023 · €335,420
Income taxes
€349
Staff costs
€31,885▲
2023 · €7,344
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 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% | 1.7% |
| 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 75% 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 3,798 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €68,216 | €58,868 | €7,344 | €31,885 | ▲ 334% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,863 | €19,587 | €13,773 | €10,822 | €6,694 | ▼ 38.1% |
| Other operating charges640/8 | - | €8,865 | €7,462 | €10,008 | €9,236 | ▼ 7.7% |
| Non-recurring operating charges66A | - | - | - | - | €10,892 | - |
| Gross operating margin9900 | €107,909 | €151,670 | -€6,498 | €33,322 | €161,520 | ▲ 385% |
| Operating profit (loss)9901 | €1,866 | €55,002 | -€86,600 | €5,149 | €102,813 | ▲ 1,897% |
| Financial income75/76B | - | - | €21 | €794 | €518 | ▼ 34.8% |
| Recurring financial income75 | - | - | €21 | €794 | €518 | ▼ 34.8% |
| Financial charges65/66B | - | €11,791 | €11,120 | €7,727 | €2,479 | ▼ 67.9% |
| Recurring financial charges65 | €10,892 | €11,791 | €11,120 | €7,727 | €2,479 | ▼ 67.9% |
| Profit (loss) for the period before taxes9903 | -€9,026 | €43,211 | -€97,700 | -€1,785 | €100,853 | ▲ 5,751% |
| Income taxes67/77 | €236 | €252 | €449 | - | €349 | - |
| Profit (loss) for the period9904 | -€9,262 | €42,959 | -€98,149 | -€1,785 | €100,504 | ▲ 5,732% |
| Profit (loss) for the period to be appropriated9905 | -€9,262 | €42,959 | -€98,149 | -€1,785 | €100,504 | ▲ 5,732% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €560,750 | €513,237 | €454,767 | €419,824 | €291,610 | ▼ 30.5% |
| Fixed assets21/28 | €160,294 | €141,957 | €128,185 | €126,827 | €90,418 | ▼ 28.7% |
| Tangible fixed assets22/27 | €159,985 | €141,648 | €127,876 | €126,518 | €90,109 | ▼ 28.8% |
| Land and buildings22 | - | €130,306 | €123,907 | €117,508 | €77,005 | ▼ 34.5% |
| Furniture and vehicles24 | - | €11,343 | €3,969 | €9,010 | €6,044 | ▼ 32.9% |
| Assets under construction and advance payments27 | - | - | - | - | €7,060 | - |
| Financial fixed assets28 | €309 | €309 | €309 | €309 | €309 | = |
| Current assets29/58 | €400,456 | €371,280 | €326,583 | €292,997 | €201,191 | ▼ 31.3% |
| Stocks and contracts in progress3 | €50,008 | €51,484 | €48,935 | €18,935 | - | - |
| Stocks30/36 | - | €51,484 | €48,935 | €18,935 | - | - |
| Amounts receivable within one year40/41 | €100,782 | €81,400 | €73,343 | €74,742 | €58,162 | ▼ 22.2% |
| Trade receivables40 | - | €78,160 | €65,264 | €67,914 | €56,020 | ▼ 17.5% |
| Other amounts receivable41 | - | €3,240 | €8,079 | €6,828 | €2,142 | ▼ 68.6% |
| Cash at bank and in hand54/58 | €210,442 | €199,435 | €166,304 | €199,319 | €143,029 | ▼ 28.2% |
| Deferred charges and accrued income490/1 | - | €38,961 | €38,000 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €560,750 | €513,237 | €454,767 | €419,824 | €291,610 | ▼ 30.5% |
| Equity10/15 | -€84,684 | -€41,725 | -€139,874 | -€141,659 | -€41,155 | ▲ 70.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Profit (loss) carried forward14 | -€103,284 | -€60,325 | -€158,474 | -€160,259 | -€59,755 | ▲ 62.7% |
| Amounts payable17/49 | €645,435 | €554,962 | €594,641 | €561,483 | €332,765 | ▼ 40.7% |
| Amounts payable after more than one year17 | €461,426 | €408,150 | €372,277 | €335,420 | €111,904 | ▼ 66.6% |
| Financial debts170/4 | - | €408,150 | €372,277 | €335,420 | €111,904 | ▼ 66.6% |
| Amounts payable within one year42/48 | €184,008 | €146,812 | €216,893 | €226,063 | €220,861 | ▼ 2.3% |
| Current portion of amounts payable after more than one year42 | - | €38,762 | €35,874 | €36,856 | €27,323 | ▼ 25.9% |
| Trade debts44 | €147,045 | €93,857 | €170,353 | €183,039 | €193,538 | ▲ 5.7% |
| Suppliers440/4 | - | €93,857 | €170,353 | €183,039 | €193,538 | ▲ 5.7% |
| Taxes, remuneration and social security45 | - | €14,193 | €10,666 | €6,168 | - | - |
| Taxes450/3 | - | - | €2,476 | €886 | - | - |
| Remuneration and social security454/9 | - | €14,193 | €8,190 | €5,281 | - | - |
| Accrued charges and deferred income492/3 | - | - | €5,472 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,262 | €42,959 | -€98,149 | -€1,785 | €100,504 | ▲ 5,732% |
| + Depreciation and write-downs630 | €19,863 | €19,587 | €13,773 | €10,822 | €6,694 | ▼ 38.1% |
| Operating cash flow (approximation) | €10,601 | €62,546 | -€84,376 | €9,037 | €107,198 | ▲ 1,086% |
| Investment in fixed assets (approximation) | - | -€1,250 | €0 | -€9,464 | €29,714 | ▲ 414% |
| Change in cash | - | -€11,007 | -€33,131 | €33,015 | -€56,290 | ▼ 270% |
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
2026
09-07
State Gazette act
End & cessation · MiscellaneousJudicial annulment1 fact ▸
State Gazette act
End & cessation · Miscellaneous
Judicial annulment1 fact ▸
- Judicial annulment, annulée, tribunal de l'entreprise francophone de Bruxelles
2025
20-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 81 days late
2024
31-12
Financial
Back to profitnet €100,504
Net result €100,504 after 2 loss-making years.
21-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 82 days late
2023
14-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 75 days late
2022
31-12
Financial
Weakest financial yearnet -€98,149
Net result drops to -€98,149, the lowest in the series; recovery starts the following year.
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 85 days late
2021
31-12
Financial
Back to profitnet €42,959
Net result €42,959 after one loss-making year.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 87 days late
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 35 days late
2019
06-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 98 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
Show earlier events
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 59 days late
2008
16-06
Bankruptcy
Bankruptcy reversal
tribunal de commerce de Bruxelles a
21-04
Bankruptcy
Opening
Tribunal de commerce de Bruxelles · event 07-04-2008
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2005
Ground area
544 m²
Building footprint
243 m²
Volume, LiDAR
2,728 m³
Parcel 21816C0010/00Z013, Brussels · tallest building 19.1 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Louis Delhaize
since 20052.183.771.985
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0010/00Z013 | Brussels | 544 m² | 1 · 243 m² | 19.1 m · 3 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 | Me De Vulder Frederik, rue de Suisse 35, 1060 Bruxelles-6 |
07-04-2008 → 16-06-2008 |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.183.771.985
Similar companies · same sector and region
BELLUCCI INVEST
BE 0881.372.979
Brussel
BXL CAPITAL PARTNERS
BE 0833.155.863
Brussel
Capital Estates
BE 0669.958.313
Brussel
CAPITALIS
BE 0690.768.177
Brussel
CoFau Invest
BE 0448.291.537
Brussel
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded02-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
68310Real estate agency activities
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.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.