Equity
Joinop paid out €70,000 in dividends. That is 205% of the 2025 profit.
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Joinop paid out €70,000 in dividends. That is 205% of the 2025 profit.
The abbreviated format states no turnover.
€605,344 of the debts are secured on the company's own assets. In 2021 that was €893,098.
In July 2024, 2,372 companies had the same profile as Joinop has now. Each dot stands for 6 companies, two years later.
Another 0.1% 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 2,372 companies, not a prediction for Joinop. 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 | ||||
|---|---|---|---|---|
| Joinop Destelbergen | €1.1m | €132,515 | 18.0% | - |
| VAN HECKE LOGISTICS Zelzate | €1.2m | €143,748 | 28.6% | 0 |
| Timothy Colman Oudenaarde | €1.1m | €140,811 | 55.8% | 0 |
| SOHO Lievegem | €1.0m | €143,661 | 36.4% | - |
| Pogremo Sint-Niklaas | €1.3m | €112,969 | 31.3% | - |
| MEBRIMMO Zelzate | €1.0m | €151,115 | 14.8% | - |
| IMMO BXB Genk | €1.0m | €131,050 | 8.1% | - |
These companies have the same main activity as Joinop: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €951,000 and €1.3m, founded between 2018 and 2019.
Joinop files the abbreviated format. That format states no turnover. The gross margin fell from €171,311 in 2019 to €132,515 in 2025.
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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