JOLLY SAILOR

Active

Limited partnershipfounded 20242 yrs activeHaringmarkt 1, 8340 Damme, BelgiumKBO/BCE: BE 1009.541.950

JOLLY SAILOR has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €13k. Its solvency ranks better than 48% of 3657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

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Checked score

Score 2025

56 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability63▼-32

Solvency53▼-14

Growth68

Track record82

Bankruptcy probability, 12 months

1.3% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2.5k at 30 days acceptable

Liquidity ample (current ratio 2.39 against 1.25 in 2024; short-term debt: 33.5% and cash: 1.9% of total assets), but 72% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

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

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

28%

Return on assets

8.1%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 2 filings

Deviation from the deadline

2025

24 d late

2024

31 d early

← before the deadline after the deadline →

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 months

Position in the running window

19-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover

€340k▲ 23.6%

2024 · €275k

2024: €275k

2024 → 2025

EBIT margin

6.1%▼ 8.1pp

2024 · 14.2%

2024: 14.2%

2024 → 2025

Net result

€13k▼ 51.5%

2024 · €27k

2024: €27k

2024 → 2025

Working capital

€75k▲ 590%

2024 · €11k

2024: €11k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Turnover€275k-€340k▲ 23.6%

Equity€32k-€45k▲ 41.0%

Operating result€39k-€21k▼ 47.2%

Net result€27k-€13k▼ 51.5%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 47% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €162k

20.0%

80.0%

Fixed assets €32k▲ 52.9%

Current assets €130k▲ 138%

Equity and liabilities €162k

28.0%

72.0%

Equity €45k▲ 41.0%

Debt €117k▲ 168%

The debt ratio rises from 57.6% to 72.0%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€29k▼

2024 · €45k

Cash flow

€21k▼

2024 · €33k

Solvency

28.0%▼

2024 · 42.4%

Current ratio

2.39▲

2024 · 1.25

Quick ratio

2.22▲

2024 · 1.04

Debt / equity

2.58▲

2024 · 1.36

ROE

29.1%▼

2024 · 84.5%

ROA

8.1%▼

2024 · 35.8%

Interest coverage

4.66▼

2024 · 45.03

Debt

€117k▲

2024 · €44k

Debt ≤ 1 year

€54k▲

2024 · €44k

Debt > 1 year

€22k

Income taxes

€1k▼

2024 · €11k

Staff costs

€70k▲

2024 · €34k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€76k€162k▲

Fixed assets21/28€21k€32k▲

Tangible fixed assets22/27€21k€32k▲

Furniture and vehicles24€21k€32k▲

Current assets29/58€55k€130k▲

Stocks and contracts in progress3€9k€9k=

Stocks30/36€9k€9k=

Amounts receivable within one year40/41€41k€117k▲

Trade receivables40€1k€49k▲

Other amounts receivable41€40k€68k▲

Cash at bank and in hand54/58€4k€3k▼

Equity and liabilities

Total equity and liabilities10/49€76k€162k▲

Equity10/15€32k€45k▲

Contributions10/11€5k€5k=

Profit (loss) carried forward14€27k€40k▲

Amounts payable17/49€44k€117k▲

Amounts payable after more than one year17-€22k

Financial debts170/4-€22k

Amounts payable within one year42/48€44k€54k▲

Trade debts44€25k€26k▲

Suppliers440/4€25k€26k▲

Taxes, remuneration and social security45€19k€28k▲

Taxes450/3€17k€20k▲

Remuneration and social security454/9€1k€9k▲

Accrued charges and deferred income492/3-€40k

Income statement Code20242025

Turnover70€275k€340k▲

Goods, raw materials, services and sundry goods60/61€192k€235k▲

Remuneration, social security and pensions62€34k€70k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲

Other operating charges640/8€4k€6k▲

Gross operating margin9900€83k€105k▲

Operating profit (loss)9901€39k€21k▼

Financial income75/76B€48€0▼

Recurring financial income75€48€0▼

Financial charges65/66B€991€6k▲

Recurring financial charges65€991€6k▲

Profit (loss) for the period before taxes9903€38k€14k▼

Income taxes67/77€11k€1k▼

Profit (loss) for the period9904€27k€13k▼

Profit (loss) for the period to be appropriated9905€27k€13k▼

Appropriation of the result

Profit (loss) to be appropriated9906€27k€40k▲

Profit (loss) brought forward from the previous period14P-€27k

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

24-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 24 days late

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

NBB filing

Directors · office · real estate

Directors

1 act for this company is 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, Damme · 1 establishment unit since 2024

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Haringmarkt 18340 Damme

Ground area

763 m²

Building footprint

263 m²

Volume, LiDAR

1,151 m³

2 parcels, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

JOLLY SAILOR

Hendrik Baelskaai 48, 8400 OostendeFull-service restaurants

since 20242.360.180.442

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35382D0648/00M000	Flanders	438 m²	1 · 205 m²	7.3 m · 2 fl.
31006C0233/00T000 ProtectedTownscape or village viewStadskern DammeSource ↗	Flanders	325 m²	1 · 59 m²	8.1 m · 1 fl.