JOIN
ActiveFrom the official registers: KBO 37 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
JOIN has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€52,574) and a net result of -€6,445. Equity is shrinking by about 17% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Official details
KBO- Status
- Active since 28-12-1988 Normal situation
- Legal form
- Private limited company
- Registered office
- Onze-Lieve-Vrouwplein 2, 9100 Sint-Niklaas
- Activity
- “Het uitbaten in de meest ruime zin van het woord van een taverne tea-room…” (deed in Dutch)From the articles, 3 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.041.650.159 9100 Sint-Niklaas, since 10-01-1989
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- -€6,445
- ▼ 20.0%
- Loss
- €6,445
- ▲ 20.0%
- Equity
- -€52,574
- ▼ 14.0%
- Total assets
- €133
- ▼ 77.0%
Why 53raises riskCapped at 59: negative equityLoss of €6,445, the second in a row (financial year 2025)Negative equity -€52,574lowers riskSize: total assets €133Founded in 1988Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 5% on solvency, 35% on liquidity, 4% on profitability and 21% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 12 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 17-06-2026
- Format
- micro format
- Reference
- 2026-00168878
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €6,445 in 2025 against €5,372 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 6,619 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84.5% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,619 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,000 | €2,000 | - | - | - | - |
| Gross operating margin9900 | -€641 | -€1,808 | -€4,648 | -€1,000 | -€3,978 | -€9,870 | -€5,372 | -€6,445 | ▼ 20.0% |
| Operating profit (loss)9901 | -€641 | -€1,808 | -€4,648 | -€1,000 | -€3,978 | -€9,870 | -€5,372 | -€6,445 | ▼ 20.0% |
| Recurring financial charges65 | €105 | - | - | - | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€746 | -€1,808 | -€4,648 | -€1,000 | -€3,978 | -€9,870 | -€5,372 | -€6,445 | ▼ 20.0% |
| Profit (loss) for the period9904 | -€746 | -€1,808 | -€4,648 | -€1,000 | -€3,978 | -€9,870 | -€5,372 | -€6,445 | ▼ 20.0% |
| Profit (loss) for the period to be appropriated9905 | -€746 | -€1,808 | -€4,648 | -€1,000 | -€3,978 | -€9,870 | -€5,372 | -€6,445 | ▼ 20.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4,386 | €2,601 | €2,454 | €1,934 | €2,984 | €791 | €578 | €133 | ▼ 77.0% |
| Current assets29/58 | €4,386 | €2,601 | €2,454 | €1,934 | €2,984 | €791 | €578 | €133 | ▼ 77.0% |
| Stocks and contracts in progress3 | €2,060 | €1,992 | €315 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €437 | €100 | €786 | €420 | €192 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €420 | €192 | - | - | - | - |
| Cash at bank and in hand54/58 | €1,889 | €509 | €1,352 | €1,514 | €2,792 | €791 | €578 | €133 | ▼ 77.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4,386 | €2,601 | €2,454 | €1,934 | €2,984 | €791 | €578 | €133 | ▼ 77.0% |
| Equity10/15 | -€19,454 | -€21,262 | -€25,909 | -€26,909 | -€30,887 | -€40,757 | -€46,129 | -€52,574 | ▼ 14.0% |
| Contributions10/11 | €6,941 | €6,941 | - | €6,941 | €6,941 | €6,941 | €6,941 | €6,941 | = |
| Reserves13 | €3,247 | €3,247 | €3,247 | €3,247 | €3,247 | €3,247 | €3,247 | €3,247 | = |
| Non-distributable reserves130/1 | - | - | - | €3,247 | €3,247 | €3,247 | €3,247 | €3,247 | = |
| Reserves not available under the articles1311 | - | - | - | €3,247 | €3,247 | €3,247 | €3,247 | €3,247 | = |
| Profit (loss) carried forward14 | -€29,642 | -€31,450 | -€36,098 | -€37,097 | -€41,075 | -€50,945 | -€56,317 | -€62,762 | ▼ 11.4% |
| Amounts payable17/49 | €23,839 | €23,863 | €28,363 | €28,843 | €33,871 | €41,548 | €46,707 | €52,707 | ▲ 12.8% |
| Amounts payable after more than one year17 | €13,511 | €13,511 | €13,511 | €13,511 | €13,511 | €13,511 | - | - | - |
| Financial debts170/4 | - | - | - | €13,511 | €13,511 | €13,511 | - | - | - |
| Amounts payable within one year42/48 | €10,329 | €10,352 | €14,852 | €15,332 | €20,360 | €28,037 | €46,707 | €52,707 | ▲ 12.8% |
| Other amounts payable47/48 | - | - | - | €15,332 | €20,360 | €28,037 | €46,707 | €52,707 | ▲ 12.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€746 | -€1,808 | -€4,648 | -€1,000 | -€3,978 | -€9,870 | -€5,372 | -€6,445 | ▼ 20.0% |
| Operating cash flow (approximation) | -€746 | -€1,808 | -€4,648 | -€1,000 | -€3,978 | -€9,870 | -€5,372 | -€6,445 | ▼ 20.0% |
| Change in cash | - | -€1,380 | €843 | €161 | €1,279 | -€2,001 | -€213 | -€445 | ▼ 109% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 17-06-2026 | 2026-00168878 | NBB |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00407995 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00400923 | |
| 31-12-2022 | micro format | 20-06-2023 | 2023-00139841 | |
| 31-12-2021 | micro format | 04-07-2022 | 2022-20123949 | |
| 31-12-2020 | micro format | 25-06-2021 | 2021-24400352 | |
| 31-12-2019 | micro format | 11-08-2020 | 2020-40500306 | |
| 31-12-2018 | micro format | 10-07-2019 | 2019-31000220 | |
| 31-12-2017 | micro format | 29-06-2018 | 2018-26100380 | |
| 31-12-2016 | micro format | 15-06-2017 | 2017-17700592 |
Subsidies and aid
Flemish government
2022 · 1 entry · €2,000 awarded · €2,000 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| COGEN JOS |
|
| STRUELENS Ingrid |
|
How the board is organised
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen al dan niet aandeelhouder”
Articles of association, deed of 31-05-2023 (in Dutch)
Owners and capital
Capital and shareholders
- 31-05-2023 Converted to available equity
Other provisions of the articles of association
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Één of meerdere commissarissen, Controle van de vennootschap”Other provision: “Toegang tot algemene vergadering, mag deelnemen zonder stemming”Other provision: “Bestemming van de winst-Reserves-Interimdividend, algemene vergadering op voorstel bestuursorgaan”Liquidation distribution: “Na aanzuivering schulden lasten kosten of consignatie en na herstelling evenwicht niet-volgestorte aandelen via bijkomende volstorting of…”
Articles of association, deed of 31-05-2023 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
31-05
Gazette deed
Capital & shares · Amendment of the articles · Legal-form changeCapital conversion4 facts ▸
- General meeting, “9100 Sint-Niklaas Önze-Lieve-Vrouwplein 2, Gent afdeling Dendermonde” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “van rechtswege en zonder vervulling van enige formaliteit, artikel 39 §2 derde lid Wet 23-03-2019” (deed in Dutch)
- Capital conversion, “beschikbare eigen vermogensrekening” (deed in Dutch)
21-11
Gazette deed
Resignation: STRUELENS Ingrid (director)Director discharge3 facts ▸
- General meeting, 30-09-2022
- Director resignation, STRUELENS Ingrid (director)
- Director discharge, STRUELENS Ingrid (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het uitbaten in de meest ruime zin van het woord van een taverne tea-room en snack; Traiteur-banket-aannemer brood- en banketbakkerij…”
3 activities
- Het uitbaten in de meest ruime zin van het woord van een taverne tea-room en snack
- Traiteur-banket-aannemer brood- en banketbakkerij handels in voedingswaren
- Taalcursussen begeleiding en hulp bij organisatie van reizen psychotherapie groepstherapie relaxatie meditatie en massage afslankbegeleiding fitness-training en begeleiding yoga chiropodie en voetzoolreflexologie pedicure en manicure
- Name clauseThe name the company operates under according to its articles.
- JOIN
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “België of buitenland, Vlaamse Gewest”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June at 18:00
Articles of association, deed of 31-05-2023 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46443E0439/00_000 | Flanders | 61 m² | 1 · 77 m² | 11.3 m · 2 |