Joined
ActiveSummary
Joined has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27,472 and a net result of €66,220. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 38% of 39,312 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-01-2022 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 1 other
- Establishment unit
- 2.326.259.245 1000 Brussels, since 07-01-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 09-04-2026
Board and ownership
- JORIS Thomas Carl KristienDirector · since 07-01-2022
- JORIS Thomas Carl Kristien100 sharesdeed of 11-01-2022
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €81,912
- ▲ 103%
- Turnover
- ≈ €170,000
- estimated
- Profit
- €66,220
- ▲ 135%
- Equity
- €27,472
- ▼ 74.1%
- Total assets
- €67,201
- ▼ 49.1%
Score breakdownraises risk1 change of registered office in 24 monthslowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 1.37, cash €14,114, halvedSize: total assets €67,201Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 (NACE 70, micro). It does better than 39% of them on solvency, 25% on liquidity, 84% on profitability and 8% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 46 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 20-05-2026 PDF all 4 filings
Every figure per financial year
The operating result for 2025 is 107% higher than in 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €10,559 | - | - | €3,587 |
| Financial fixed assets | €150 | - | - | €500 |
| Depreciation and write-downs of the year | €485 | €515 | €515 | €547 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €875 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €485 | €515 | €515 | €547 | ▲ 6.4% |
| Other operating charges640/8 | €467 | €695 | €1,082 | €1,043 | ▼ 3.6% |
| Gross operating margin9900 | €29,189 | €79,107 | €40,425 | €81,912 | ▲ 103% |
| Operating profit (loss)9901 | €28,237 | €77,897 | €38,828 | €80,322 | ▲ 107% |
| Financial income75/76B | €4 | €182 | €1 | €6,552 | ▲ 13,104× |
| Recurring financial income75 | €4 | €182 | €1 | €6,552 | ▲ 13,104× |
| Financial charges65/66B | €738 | €2,040 | €294 | €621 | ▲ 111% |
| Recurring financial charges65 | €738 | €2,040 | €294 | €621 | ▲ 111% |
| Profit (loss) for the period before taxes9903 | €27,502 | €76,040 | €38,535 | €86,253 | ▲ 124% |
| Income taxes67/77 | €8,431 | €17,870 | €10,320 | €20,033 | ▲ 94.1% |
| Profit (loss) for the period9904 | €19,071 | €58,169 | €28,215 | €66,220 | ▲ 135% |
| Profit (loss) for the period to be appropriated9905 | €19,071 | €58,169 | €28,215 | €66,220 | ▲ 135% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €35,069 | €97,823 | €131,952 | €67,201 | ▼ 49.1% |
| Fixed assets21/28 | €10,224 | €9,709 | €9,195 | €12,734 | ▲ 38.5% |
| Tangible fixed assets22/27 | €10,074 | €9,559 | €9,045 | €12,084 | ▲ 33.6% |
| Plant, machinery and equipment23 | €1,059 | €544 | €30 | €3,069 | ▲ 104× |
| Furniture and vehicles24 | €9,015 | €9,015 | €9,015 | €9,015 | = |
| Financial fixed assets28 | €150 | €150 | €150 | €650 | ▲ 333% |
| Current assets29/58 | €24,845 | €88,114 | €122,757 | €54,467 | ▼ 55.6% |
| Amounts receivable after more than one year29 | - | €37,500 | €37,500 | €37,500 | = |
| Other amounts receivable291 | - | €37,500 | €37,500 | €37,500 | = |
| Amounts receivable within one year40/41 | €16,644 | €2,471 | €12,935 | €162 | ▼ 98.7% |
| Trade receivables40 | €10,237 | €870 | €1,865 | €162 | ▼ 91.3% |
| Other amounts receivable41 | €6,407 | €1,600 | €11,069 | - | - |
| Current investments50/53 | - | - | €39,444 | - | - |
| Cash at bank and in hand54/58 | €8,201 | €45,717 | €30,475 | €14,114 | ▼ 53.7% |
| Deferred charges and accrued income490/1 | - | €2,426 | €2,403 | €2,691 | ▲ 12.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €35,069 | €97,823 | €131,952 | €67,201 | ▼ 49.1% |
| Equity10/15 | €20,571 | €77,941 | €106,156 | €27,472 | ▼ 74.1% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €19,071 | €76,441 | €104,656 | €25,972 | ▼ 75.2% |
| Amounts payable17/49 | €14,498 | €19,882 | €25,796 | €39,729 | ▲ 54.0% |
| Amounts payable within one year42/48 | €14,498 | €19,882 | €25,796 | €39,729 | ▲ 54.0% |
| Trade debts44 | €5,228 | €5,583 | €2,110 | €1,639 | ▼ 22.3% |
| Suppliers440/4 | €5,228 | €5,583 | €2,110 | €1,639 | ▼ 22.3% |
| Taxes, remuneration and social security45 | €9,269 | €14,299 | €23,686 | €21,129 | ▼ 10.8% |
| Taxes450/3 | €9,269 | €14,299 | €23,686 | €21,129 | ▼ 10.8% |
| Other amounts payable47/48 | - | - | - | €16,961 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,071 | €58,169 | €28,215 | €66,220 | ▲ 135% |
| + Depreciation and write-downs630 | €485 | €515 | €515 | €547 | ▲ 6.4% |
| Operating cash flow (approximation) | €19,556 | €58,684 | €28,730 | €66,767 | ▲ 132% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€4,087 | - |
| Change in cash | - | €37,516 | -€15,243 | -€16,361 | ▼ 7.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as Joined has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Joined itself is lower: 0.1% within 12 months. It rests on far more data about Joined than the profile alone.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for Joined. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- JORIS Thomas Carl Kristien 100 shares (100%) · in cash
Capital transactions
- 11-01-2022 Incorporation · €1,500 · 100 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
Articles of association, deed of 11-01-2022 (in Dutch)
Network & group
Joined shares no director with another company.
Parent company per the LEI register
Own declaration in the LEI register: 699400M40931SXVL6B03 · LEI lapsed
Connections & network
1 current directorThe network starts from the directors of Joined. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
22-01
Gazette deed
Registered office moved from Brussels to SchildeNew registered office: Picardiëlaan 81, 2970 Schilde · Previous registered office: Melsensstraat 30 bus 7, 1000 Brussel2 points ▸
- General meeting, 07-01-2026
- Registered-office move, Picardiëlaan 81, 2970 Schilde
- The deed holds 3 more points.
21-09
Gazette deed
Registered office moved from Ixelles to BrusselsNew registered office: Rue Melsens 30 bus 7, 1000 Brussel · Previous registered office: Boondaalse Steenweg 101, 1050 Elsene3 points ▸
- General meeting, 25-04-2023
- Registered-office move, Rue Melsens 30 bus 7, 1000 Brussel
- Director in office, Thomas Joris
11-01
Gazette deed
IncorporationFounding capital of €1,500, 100 shares · Founder: JORIS Thomas Carl Kristien · Appointment: JORIS Thomas Carl Kristien (director)3 points ▸
- Founder, JORIS Thomas Carl Kristien
- Founding capital, €1,500, 100 shares
- Director appointment, JORIS Thomas Carl Kristien
- The deed holds 5 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Joined was incorporated on 7 January 2022 as a private limited company by one natural person, with a starting capital of €1,500.12 The registered office moved to Brussels in 2023 and to Schilde in 2026.34 Since 2022, JORIS Thomas Carl Kristien has served as director.5 Total assets rose from €35,069 in 2022 to €67,201 in 2025.6
Company details
Register details
Identity
KBO recordRegistered office and establishments
2 former offices
- 1000 Brussel until the deed of 22-01-2026
- Boondaalse Steenweg 101, 1050 Elsene until 25-04-2023 · deed of 21-09-2023
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21812N0642/00F000 | Brussels | 454 m² | 1 · 452 m² | 25.7 m · 7 |
| 11039D0226/00M005 | Flanders | 417 m² | 1 · 75 m² | 8.0 m · 2 |