Skip to content

JOKE QUICK

Active
Private limited companyfounded 2024active for 2 yearsKoekoekdreef 3, 2980 Zoersel, BelgiumKBO/BCE: BE 1004.240.406

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 24-06-2026 at the NBB all 2 filings

Turnover
≈ €140,000
Estimated: probably between €74,000 and €250,000
Total assets
€270,460▼ 5.3%
2024 · €285,705
Net result
€19,420
2024 · -€24,809
Working capital
€30,361▲ 47.0%
2024 · €20,651
Multi-year overview
2024 to 2025, 2 financial years
Operating result
€27,861
2025
20242025
Net result
€19,420
2025
middle half of the sector
20242025
Equity
-€2,888
▲ 87.1% 2025
lowest quarter of the sector
20242025
Total assets
€270,460
▼ 5.3% 2025
middle half of the sector
20242025
Debt
€273,348
▼ 11.3% 2025
20242025
Working capital
€30,361
▲ 47.0% 2025
middle half of the sector
20242025
Solvency
-1.1%
▲ 6.7pp 2025
lowest quarter of the sector
20242025
Current ratio
1.13
▲ 0.05 2025
middle half of the sector
20242025
Return on assets (ROA)
7.2%
▲ 15.9pp 2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result-€16,662-€27,861
Net result-€24,809below the sector's middle half-€19,420within the sector's middle half
Equity-€22,309below the sector's middle half--€2,888below the sector's middle half▲ 87.1%
Total assets€285,705within the sector's middle half-€270,460within the sector's middle half▼ 5.3%
Debt€308,013-€273,348▼ 11.3%
Working capital€20,651within the sector's middle half-€30,361within the sector's middle half▲ 47.0%
Solvency-7.8%below the sector's middle half--1.1%below the sector's middle half▲ 6.7pp
Current ratio1.08within the sector's middle half-1.13within the sector's middle half▲ 0.05
Return on assets (ROA)-8.7%below the sector's middle half-7.2%within the sector's middle half▲ 15.9pp
above within below The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is a profit of €27,861, after a loss of €16,662 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.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €270,460
Fixed assets €10,530 ▲ 13×
Current assets €259,930 ▼ 8.8%
Equity and liabilities
Equity-€2,888
Debt€273,348
Equity is negative. Debt (€273,348) exceeds the balance-sheet total (€270,460).
Key figures and ratios
2025 value · change against 2024
EBITDA
€28,151▲
2024 · -€16,482
Cash flow
€19,710▲
2024 · -€24,629
Quick ratio
0.14▲
2024 · 0.05
Interest coverage
2.94▲
2024 · -1.88
Debt ≤ 1 year
€229,568▼
2024 · €264,233
Debt > 1 year
€43,780=
2024 · €43,780
Income taxes
€7
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20242025
Tangible fixed assets€1,000€10,000
Depreciation and write-downs of the year€180€290

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€285,705€270,460▼
Fixed assets21/28€820€10,530▲
Tangible fixed assets22/27€820€10,530▲
Plant, machinery and equipment23€640€10,370▲
Furniture and vehicles24€180€160▼
Current assets29/58€284,885€259,930▼
Stocks and contracts in progress3€272,554€227,403▼
Stocks30/36€272,554€227,403▼
Amounts receivable within one year40/41€5,735€18,628▲
Trade receivables40€403€18,628▲
Other amounts receivable41€5,332-
Cash at bank and in hand54/58€6,596€13,899▲
Equity and liabilities
Total equity and liabilities10/49€285,705€270,460▼
Equity10/15-€22,309-€2,888▲
Contributions10/11€2,500€2,500=
Profit (loss) carried forward14-€24,809-€5,388▲
Amounts payable17/49€308,013€273,348▼
Amounts payable after more than one year17€43,780€43,780=
Financial debts170/4€43,780€43,780=
Amounts payable within one year42/48€264,233€229,568▼
Trade debts44€32,459€10,824▼
Suppliers440/4€32,459€10,824▼
Taxes, remuneration and social security45-€1,549
Taxes450/3-€1,549
Other amounts payable47/48€231,774€217,195▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€180€290▲
Other operating charges640/8€553€585▲
Gross operating margin9900-€15,929€28,736▲
Operating profit (loss)9901-€16,662€27,861▲
Financial income75/76B€633€1,130▲
Recurring financial income75€633€1,130▲
Financial charges65/66B€8,779€9,563▲
Recurring financial charges65€8,779€9,563▲
Profit (loss) for the period before taxes9903-€24,809€19,428▲
Income taxes67/77-€7
Profit (loss) for the period9904-€24,809€19,420▲
Profit (loss) for the period to be appropriated9905-€24,809€19,420▲
Appropriation of the result
Profit (loss) to be appropriated9906-€24,809-€5,388▲
Profit (loss) brought forward from the previous period14P--€24,809

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 24-06-2026.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€180€290▲ 60.9%
Other operating charges640/8€553€585▲ 5.8%
Gross operating margin9900-€15,929€28,736-
Operating profit (loss)9901-€16,662€27,861-
Financial income75/76B€633€1,130▲ 78.5%
Recurring financial income75€633€1,130▲ 78.5%
Financial charges65/66B€8,779€9,563▲ 8.9%
Recurring financial charges65€8,779€9,563▲ 8.9%
Profit (loss) for the period before taxes9903-€24,809€19,428-
Income taxes67/77-€7-
Profit (loss) for the period9904-€24,809€19,420-
Profit (loss) for the period to be appropriated9905-€24,809€19,420-
Line20242025Change
Assets
Total assets20/58€285,705€270,460▼ 5.3%
Fixed assets21/28€820€10,530▲ 13×
Tangible fixed assets22/27€820€10,530▲ 13×
Plant, machinery and equipment23€640€10,370▲ 16×
Furniture and vehicles24€180€160▼ 11.1%
Current assets29/58€284,885€259,930▼ 8.8%
Stocks and contracts in progress3€272,554€227,403▼ 16.6%
Stocks30/36€272,554€227,403▼ 16.6%
Amounts receivable within one year40/41€5,735€18,628▲ 225%
Trade receivables40€403€18,628▲ 46×
Other amounts receivable41€5,332--
Cash at bank and in hand54/58€6,596€13,899▲ 111%
Equity and liabilities
Total equity and liabilities10/49€285,705€270,460▼ 5.3%
Equity10/15-€22,309-€2,888▲ 87.1%
Contributions10/11€2,500€2,500=
Profit (loss) carried forward14-€24,809-€5,388▲ 78.3%
Amounts payable17/49€308,013€273,348▼ 11.3%
Amounts payable after more than one year17€43,780€43,780=
Financial debts170/4€43,780€43,780=
Amounts payable within one year42/48€264,233€229,568▼ 13.1%
Trade debts44€32,459€10,824▼ 66.7%
Suppliers440/4€32,459€10,824▼ 66.7%
Taxes, remuneration and social security45-€1,549-
Taxes450/3-€1,549-
Other amounts payable47/48€231,774€217,195▼ 6.3%
Line20242025Change
Profit (loss) for the period9904-€24,809€19,420-
+ Depreciation and write-downs630€180€290▲ 60.9%
Operating cash flow (approximation)-€24,629€19,710-
Investment in fixed assets (approximation)--€10,000-
Change in cash-€7,303-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 1,017 companies had the same profile as JOKE QUICK has now. Two years later, 89.2% were still going and 6.5% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a profit of 5% of the balance sheet or more
89.2% was still going
4.0% stopped otherwise
6.5% went bankrupt

Another 0.3% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of JOKE QUICK itself: 1.9% within 12 months.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,017 companies, not a prediction for JOKE QUICK. 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.

Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2025 micro format 24-06-2026 2026-00193419 PDF
31-12-2024 micro format 25-06-2025 2025-00185822 PDF

Next steps