Summary
Jointco is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €6.2m and a net result of €5.0m. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 54% of 2817 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €6.2m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
21 d early
2022
49 d early
2021
29 d late
2020
115 d early
2019
60 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 23 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Equity
€6.2m▲ 47.6%
2023 · €4.2m
Net result
€5.0m
2023 · -€175,244
Total assets
€10.1m▲ 17.1%
2023 · €8.6m
Solvency
61.5%▲ 12.7pp
2023 · 48.7%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Turnover€90,000€90,000=
Operating result€37,845▲ 156%€34,523▼ 8.8%€33,080▼ 4.2%€33,251▲ 0.5%€59,338▲ 78.5%
Net result-€134,957below the sector's middle half▲ 7.4%-€148,243below the sector's middle half▼ 9.8%-€156,731below the sector's middle half▼ 5.7%-€175,244below the sector's middle half▼ 11.8%€5.0mabove the sector's middle half
Equity€4.7mabove the sector's middle half▼ 1.6%€4.5mabove the sector's middle half▼ 3.2%€4.4mabove the sector's middle half▼ 3.5%€4.2mwithin the sector's middle half▼ 4.0%€6.2mwithin the sector's middle half▲ 47.6%
Total assets€9.0mabove the sector's middle half▲ 1.0%€9.0mabove the sector's middle half▼ 0.2%€8.7mabove the sector's middle half▼ 4.1%€8.6mwithin the sector's middle half▼ 0.4%€10.1mwithin the sector's middle half▲ 17.1%
Debt€4.4m▲ 3.9%€4.5m▲ 2.9%€4.3m▼ 4.7%€4.4m▲ 3.4%€3.9m▼ 12.0%
Working capital€398,983above the sector's middle half▲ 20.1%-€67,121within the sector's middle half-€64,855within the sector's middle half▲ 3.4%-€4.4mbelow the sector's middle half▼ 6,664%-€2.4mbelow the sector's middle half▲ 45.7%
Solvency51.8%within the sector's middle half▼ 1.4pp50.2%within the sector's middle half▼ 1.5pp50.6%within the sector's middle half▲ 0.3pp48.7%within the sector's middle half▼ 1.8pp61.5%within the sector's middle half▲ 12.7pp
Current ratio7.69above the sector's middle half▼ 2.230.87within the sector's middle half▼ 6.820.51within the sector's middle half▼ 0.360.01below the sector's middle half▼ 0.500.39within the sector's middle half▲ 0.38
Return on assets (ROA)-1.5%below the sector's middle half▲ 0.1pp-1.6%below the sector's middle half▼ 0.2pp-1.8%below the sector's middle half▼ 0.2pp-2.0%below the sector's middle half▼ 0.2pp49.5%above the sector's middle half▲ 51.6pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 78% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10.1m
Fixed assets
€8.6m =
Current assets
€1.5m ▲ 4,152%
Equity and liabilities €10.1m
Equity
€6.2m ▲ 47.6%
Debt
€3.9m ▼ 12.0%
Debt's share of the balance-sheet total falls from 51.3% to 38.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
80.6%▲
2023 · -4.2%
Debt ≤ 1 year
€3.9m▼
2023 · €4.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €90,000 | €133,811 | ▲ 48.7% |
| Turnover70 | - | - | - | €90,000 | €90,000 | = |
| Non-recurring operating income76A | - | - | - | - | €43,811 | - |
| Operating charges60/66A | - | - | - | €56,749 | €74,473 | ▲ 31.2% |
| Services and other goods61 | - | - | - | €55,601 | €73,309 | ▲ 31.8% |
| Other operating charges640/8 | - | €930 | €930 | €1,148 | €1,164 | ▲ 1.4% |
| Gross operating margin9900 | €38,775 | €35,453 | €34,010 | - | - | - |
| Operating profit (loss)9901 | €37,845 | €34,523 | €33,080 | €33,251 | €59,338 | ▲ 78.5% |
| Financial income75/76B | - | - | - | - | €5.0m | - |
| Recurring financial income75 | - | - | - | - | €5.0m | - |
| Income from financial fixed assets750 | - | - | - | - | €5.0m | - |
| Financial charges65/66B | - | €182,766 | €189,811 | €208,495 | €56,023 | ▼ 73.1% |
| Recurring financial charges65 | €171,138 | €182,766 | €189,811 | €208,495 | €56,023 | ▼ 73.1% |
| Other financial charges652/9 | - | - | - | €208,495 | €56,023 | ▼ 73.1% |
| Profit (loss) for the period before taxes9903 | -€134,957 | -€148,243 | -€156,731 | -€175,244 | €5.0m | ▲ 2,955% |
| Profit (loss) for the period9904 | -€134,957 | -€148,243 | -€156,731 | -€175,244 | €5.0m | ▲ 2,955% |
| Profit (loss) for the period to be appropriated9905 | -€134,957 | -€148,243 | -€156,731 | -€175,244 | €5.0m | ▲ 2,955% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.0m | €9.0m | €8.7m | €8.6m | €10.1m | ▲ 17.1% |
| Fixed assets21/28 | €8.6m | €8.6m | €8.6m | €8.6m | €8.6m | = |
| Financial fixed assets28 | €8.6m | €8.6m | €8.6m | €8.6m | €8.6m | = |
| Affiliated companies280/1 | - | - | - | €8.6m | €8.6m | = |
| Participating interests280 | - | - | - | €8.6m | €8.6m | = |
| Current assets29/58 | €458,660 | €436,842 | €66,874 | €35,463 | €1.5m | ▲ 4,152% |
| Amounts receivable within one year40/41 | €380,000 | €389,075 | €18,150 | €18,379 | €1.5m | ▲ 7,989% |
| Trade receivables40 | - | €27,225 | €18,150 | €18,150 | €18,150 | = |
| Other amounts receivable41 | - | €361,850 | - | €229 | €1.5m | ▲ 641,175% |
| Cash at bank and in hand54/58 | €78,660 | €47,767 | €48,724 | €17,084 | €21,042 | ▲ 23.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.0m | €9.0m | €8.7m | €8.6m | €10.1m | ▲ 17.1% |
| Equity10/15 | €4.7m | €4.5m | €4.4m | €4.2m | €6.2m | ▲ 47.6% |
| Contributions10/11 | €4.5m | €4.5m | €4.5m | €4.5m | €1.5m | ▼ 67.3% |
| Capital10 | - | €4.5m | €4.5m | €4.5m | €1.5m | ▼ 67.3% |
| Issued capital100 | - | €4.5m | €4.5m | €4.5m | €1.5m | ▼ 67.3% |
| Reserves13 | €224,767 | €76,524 | €25,274 | €25,273 | €146,000 | ▲ 478% |
| Non-distributable reserves130/1 | - | €25,274 | €25,274 | €25,273 | €146,000 | ▲ 478% |
| Legal reserve130 | - | €25,274 | €25,274 | €25,273 | €146,000 | ▲ 478% |
| Distributable reserves133 | - | €51,250 | - | - | - | - |
| Profit (loss) carried forward14 | - | - | -€105,480 | -€280,724 | €4.6m | ▲ 1,739% |
| Amounts payable17/49 | €4.4m | €4.5m | €4.3m | €4.4m | €3.9m | ▼ 12.0% |
| Amounts payable after more than one year17 | €4.3m | €4.0m | €4.1m | - | - | - |
| Financial debts170/4 | - | €2.0m | €2.0m | - | - | - |
| Other amounts payable178/9 | - | €2.0m | €2.1m | - | - | - |
| Amounts payable within one year42/48 | €59,676 | €503,964 | €131,729 | €4.4m | €3.9m | ▼ 12.0% |
| Current portion of amounts payable after more than one year42 | - | €470,894 | - | €2.6m | - | - |
| Trade debts44 | €57,979 | €31,203 | €61,617 | €20,532 | €2,933 | ▼ 85.7% |
| Suppliers440/4 | - | €31,203 | €61,617 | €20,532 | €2,933 | ▼ 85.7% |
| Taxes, remuneration and social security45 | - | €1,866 | €1,962 | €69,721 | €1,782 | ▼ 97.4% |
| Taxes450/3 | - | €1,866 | €1,962 | €69,721 | €1,782 | ▼ 97.4% |
| Other amounts payable47/48 | - | - | €68,150 | €1.7m | €3.9m | ▲ 130% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€134,957 | -€148,243 | -€156,731 | -€175,244 | €5.0m | ▲ 2,955% |
| Operating cash flow (approximation) | -€134,957 | -€148,243 | -€156,731 | -€175,244 | €5.0m | ▲ 2,955% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€30,892 | €956 | -€31,640 | €3,958 | ▲ 113% |
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
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €5.0m
Net result €5.0m after 5 loss-making years.
31-12
Financial
Equity above €5mEq €6.2m ▲47.6%
Equity rises from €4.2m to €6.2m.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€175,244
Net result drops to -€175,244, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
07-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Genk · 1 establishment unit since 2018
Ground area
3.2 ha
Building footprint
208 m²
Parcel 71302A0002/00F034, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Jointco
since 20182.277.951.760
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0002/00F034 | Flanders | 3.2 ha | 1 · 208 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.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- RPM Europe Holdco BVNL
- Jointco
Highest known parent: RPM Europe Holdco BV (Netherlands). The sources do not say who stands above it.
Owners 1
- RPM Europe Holdco BVNLparentSourceown accounts 2024100%
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
67.11%
Holdings 1
- HENGELHOEF CONCRETE JOINTSsubsidiaryEquity €2.5mResult €1.2m100%
According to the 2024 annual accounts of Jointco and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 7,468 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0695769815
Also
9925:BE0695769815
Registered
10-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.