JOINT JOINT
ActiveSummary
JOINT JOINT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €196,512 and a net result of €30,378. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 86% of 13560 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-9
Solvency99▲+10
Growth58=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity tight (current ratio 1.15 against 0.91 in 2024; short-term debt: 25.8% and cash: 21.7% of total assets), and 26% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74%
Return on assets
11.4%
Age of the figures
9 mo
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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €196,512
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
31 d late
2023
30 d late
2022
30 d late
2021
75 d late
2020
53 d early
2019
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€196,512▲ 18.3%
2024 · €166,134
Total assets
€265,701▲ 2.8%
2024 · €258,452
Net result
€30,378▼ 35.7%
2024 · €47,271
Working capital
€9,952
2024 · -€7,956
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,387▼ 92.7%€36,686▲ 581%€61,777▲ 68.4%€59,633▼ 3.5%€46,281▼ 22.4%
Net result€1,771▼ 97.0%€35,995▲ 1,932%€41,677▲ 15.8%€47,271▲ 13.4%€30,378▼ 35.7%
Equity€346,192▲ 0.5%€382,186▲ 10.4%€123,863▼ 67.6%€166,134▲ 34.1%€196,512▲ 18.3%
Total assets€354,730▼ 56.1%€392,602▲ 10.7%€248,878▼ 36.6%€258,452▲ 3.8%€265,701▲ 2.8%
Debt€8,539▼ 98.2%€10,416▲ 22.0%€125,015▲ 1,100%€92,318▼ 26.2%€69,189▼ 25.1%
Working capital€232,993€296,164▲ 27.1%€40,845▼ 86.2%-€7,956€9,952
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €265,701
Fixed assets
€187,310 ▲ 7.4%
Current assets
€78,391 ▼ 6.8%
Equity and liabilities €265,701
Equity
€196,512 ▲ 18.3%
Debt
€69,189 ▼ 25.1%
Debt's share of the balance-sheet total falls from 35.7% to 26.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€75,332▼
2024 · €83,242
Cash flow
€59,429▼
2024 · €70,880
Current ratio
1.15▲
2024 · 0.91
Quick ratio
1.13▲
2024 · 0.90
Debt to equity
0.35▼
2024 · 0.56
ROE
15.5%▼
2024 · 28.5%
ROA
11.4%▼
2024 · 18.3%
Interest coverage
52.24▼
2024 · 57.73
Debt ≤ 1 year
€68,439▼
2024 · €92,068
Income taxes
€14,461▲
2024 · €10,920
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.3% 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 497,058 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% | 1.6% |
| 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 74% 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 34,672 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €428 | - | - | €826 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,562 | €37,892 | €26,348 | €23,609 | €29,051 | ▲ 23.1% |
| Other operating charges640/8 | €5,360 | €1,917 | €2,663 | €1,760 | €1,815 | ▲ 3.1% |
| Non-recurring operating charges66A | - | - | €1,400 | €2,562 | - | - |
| Gross operating margin9900 | €55,309 | €76,496 | €92,188 | €87,564 | €77,147 | ▼ 11.9% |
| Operating profit (loss)9901 | €5,387 | €36,686 | €61,777 | €59,633 | €46,281 | ▼ 22.4% |
| Financial income75/76B | €323 | €2,125 | €2 | - | - | - |
| Recurring financial income75 | €323 | €2,125 | €2 | - | - | - |
| Financial charges65/66B | €3,939 | €261 | €145 | €1,442 | €1,442 | = |
| Recurring financial charges65 | €3,939 | €261 | €145 | €1,442 | €1,442 | = |
| Profit (loss) for the period before taxes9903 | €1,771 | €38,550 | €61,633 | €58,191 | €44,839 | ▼ 22.9% |
| Income taxes67/77 | €0 | €2,555 | €19,956 | €10,920 | €14,461 | ▲ 32.4% |
| Profit (loss) for the period9904 | €1,771 | €35,995 | €41,677 | €47,271 | €30,378 | ▼ 35.7% |
| Profit (loss) for the period to be appropriated9905 | €1,771 | €35,995 | €41,677 | €47,271 | €30,378 | ▼ 35.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €354,730 | €392,602 | €248,878 | €258,452 | €265,701 | ▲ 2.8% |
| Fixed assets21/28 | €113,198 | €86,022 | €83,269 | €174,340 | €187,310 | ▲ 7.4% |
| Tangible fixed assets22/27 | €112,508 | €85,332 | €82,579 | €173,650 | €186,370 | ▲ 7.3% |
| Land and buildings22 | €0 | - | - | - | - | - |
| Plant, machinery and equipment23 | €101,185 | €70,661 | €60,480 | €158,731 | €175,100 | ▲ 10.3% |
| Furniture and vehicles24 | €11,323 | €14,671 | €22,099 | €14,919 | €11,270 | ▼ 24.5% |
| Financial fixed assets28 | €690 | €690 | €690 | €690 | €940 | ▲ 36.2% |
| Current assets29/58 | €241,532 | €306,580 | €165,609 | €84,112 | €78,391 | ▼ 6.8% |
| Stocks and contracts in progress3 | €1,000 | €800 | €800 | €800 | €800 | = |
| Stocks30/36 | €1,000 | €800 | €800 | €800 | €800 | = |
| Amounts receivable within one year40/41 | €40,714 | €102,440 | €21,348 | €26,383 | €17,719 | ▼ 32.8% |
| Trade receivables40 | €11,874 | €28,045 | €21,348 | €26,383 | €17,341 | ▼ 34.3% |
| Other amounts receivable41 | €28,840 | €74,396 | - | - | €378 | - |
| Cash at bank and in hand54/58 | €199,818 | €203,339 | €142,009 | €54,576 | €57,542 | ▲ 5.4% |
| Deferred charges and accrued income490/1 | - | - | €1,453 | €2,353 | €2,330 | ▼ 1.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €354,730 | €392,602 | €248,878 | €258,452 | €265,701 | ▲ 2.8% |
| Equity10/15 | €346,192 | €382,186 | €123,863 | €166,134 | €196,512 | ▲ 18.3% |
| Contributions10/11 | €360,000 | €360,000 | €60,000 | €60,000 | €60,000 | = |
| Reserves13 | - | €22,186 | €63,186 | €105,386 | €135,686 | ▲ 28.8% |
| Distributable reserves133 | - | €22,186 | €63,186 | €105,386 | €135,686 | ▲ 28.8% |
| Profit (loss) carried forward14 | -€13,808 | - | €677 | €748 | €826 | ▲ 10.4% |
| Amounts payable17/49 | €8,539 | €10,416 | €125,015 | €92,318 | €69,189 | ▼ 25.1% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €8,539 | €10,416 | €124,765 | €92,068 | €68,439 | ▼ 25.7% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | - | - | - |
| Trade debts44 | €59 | €877 | €2,904 | €15,340 | €4,928 | ▼ 67.9% |
| Suppliers440/4 | €59 | €877 | €2,904 | €15,340 | €4,928 | ▼ 67.9% |
| Taxes, remuneration and social security45 | €8,480 | €9,538 | €22,679 | €20,166 | €11,931 | ▼ 40.8% |
| Taxes450/3 | €8,471 | €9,538 | €17,179 | €13,166 | €10,431 | ▼ 20.8% |
| Remuneration and social security454/9 | €9 | - | €5,500 | €7,000 | €1,500 | ▼ 78.6% |
| Other amounts payable47/48 | €0 | - | €99,182 | €56,562 | €51,580 | ▼ 8.8% |
| Accrued charges and deferred income492/3 | - | - | €250 | €250 | €750 | ▲ 200% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,771 | €35,995 | €41,677 | €47,271 | €30,378 | ▼ 35.7% |
| + Depreciation and write-downs630 | €44,562 | €37,892 | €26,348 | €23,609 | €29,051 | ▲ 23.1% |
| Operating cash flow (approximation) | €46,333 | €73,887 | €68,025 | €70,880 | €59,429 | ▼ 16.2% |
| Investment in fixed assets (approximation) | - | -€10,716 | -€23,595 | -€114,680 | -€42,021 | ▲ 63.4% |
| Change in cash | - | €3,521 | -€61,331 | -€87,433 | €2,966 | ▲ 103% |
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
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Equity above €150,000Eq €166,134 ▲34.1%
7 profitable years in a row build equity to €166,134.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Weakest financial yearnet €1,771 ▼97%
Net result drops to €1,771, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 112current ratio 28.29
Current ratio from 0.25 to 28.29; short-term debt falls from €407,152 to €8,539.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €59,926 ▲496%
Operating result €73,477, net result €59,926, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lessines · 1 establishment unit since 2011
Ground area
2,225 m²
Building footprint
268 m²
Parcel 55031B0470/00L000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Joint Papignies
since 20112.194.977.366
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55031B0470/00L000 | Wallonia | 2,225 m² | 1 · 268 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLessines2.194.977.366
Dual-learning approval
3 endedHulpkok (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,893. 3,124 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
55203Holiday cottages, homes and apartments
56112Limited-service restaurants, excluding mobile food services
69109Other legal services
93110Operation of sports facilities
93123Sports, amusement and recreation activities
93129Activities of other sports clubs
E-invoicing
Reachable via Peppol
Peppol ID
0208:0832290583
Also
9925:BE0832290583
Registered
21-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.