JOLY SA has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €16.80M and a net result of €958k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 67% of 296 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 02-07-2026, 29 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
29 d early
2024
43 d early
2023
44 d early
2022
33 d early
2021
29 d late
2020
6 d late
2019
25 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory
Turnover
€2.20M▲ 2.8%
2024 · €2.14M
2018: €1.11M
2019: €1.06M
2020: €881k
2021: €1.21M
2022: €1.99M
2023: €2.20M
2024: €2.14M
2018 → 2025
EBIT margin
-7.5%▼ 13.6pp
2024 · 6.2%
2018: 4.3%
2019: -2.6%
2020: 37.4%
2021: 18.2%
2022: 0.1%
2023: 7.0%
2024: 6.2%
2018 → 2025
Net result
€958k▼ 29.5%
2024 · €1.36M
2018: €2.40M
2019: €101k
2020: €993k
2021: €2.58M
2022: €2.28M
2023: €1.14M
2024: €1.36M
2018 → 2025
Working capital
€-3.31M▼ 5.5%
2024 · €-3.14M
2018: €424k
2019: €-409k
2020: €-1.13M
2021: €-1.95M
2022: €-2.11M
2023: €-2.82M
2024: €-3.14M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.21M-€1.99M▲ 64.6%€2.20M▲ 10.5%€2.14M▼ 2.9%€2.20M▲ 2.8%
Equity€16.33M-€17.35M▲ 6.3%€17.19M▼ 1.0%€17.28M▲ 0.5%€16.80M▼ 2.7%
Operating result€220k-€2k▼ 99.1%€155k▲ 7,610%€132k▼ 15.0%€-164k
Net result€2.58M-€2.28M▼ 11.4%€1.14M▼ 50.0%€1.36M▲ 18.9%€958k▼ 29.5%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €164k after €132k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32.24M
Fixed assets
€21.57M▼ 2.8%
Current assets
€10.67M▼ 14.9%
Equity and liabilities €32.24M
Equity
€16.80M▼ 2.7%
Debt
€15.44M▼ 11.5%
The debt ratio falls from 50.2% to 47.9%. Equity and debt are lower.
Key figures and ratios
Solvency
52.1%▲
2024 · 49.8%
ROE
5.7%▼
2024 · 7.9%
ROA
3.0%▼
2024 · 3.9%
Debt
€15.44M▼
2024 · €17.45M
Debt ≤ 1 year
€13.98M▼
2024 · €15.68M
Debt > 1 year
€1.45M▼
2024 · €1.77M
Income taxes
€1k▼
2024 · €1k
Staff costs
€489k▲
2024 · €472k
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€34.72M€32.24M▼
Fixed assets21/28€22.19M€21.57M▼
Tangible fixed assets22/27€1.41M€1.23M▼
Land and buildings22€1.30M€1.17M▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€35k€7k▼
Leasing and similar rights25€74k€56k▼
Financial fixed assets28€20.78M€20.34M▼
Affiliated companies280/1€20.49M€20.30M▼
Participating interests280€18.96M€18.77M▼
Amounts receivable281€1.53M€1.53M=
Companies linked by participating interests282/3€250k-
Participating interests282€250k-
Other financial fixed assets284/8€35k€37k▲
Shares284€18k€18k=
Amounts receivable and cash guarantees285/8€17k€19k▲
Current assets29/58€12.54M€10.67M▼
Amounts receivable within one year40/41€8.41M€6.44M▼
Trade receivables40€27k€32k▲
Other amounts receivable41€8.38M€6.41M▼
Current investments50/53€2.68M€2.72M▲
Own shares50€2.68M€2.72M▲
Cash at bank and in hand54/58€1.43M€1.50M▲
Deferred charges and accrued income490/1€19k€17k▼
Equity and liabilities
Total equity and liabilities10/49€34.72M€32.24M▼
Equity10/15€17.28M€16.80M▼
Contributions10/11€1.00M€1.00M=
Capital10€1.00M€1.00M=
Issued capital100€1.00M€1.00M=
Reserves13€5.27M€5.31M▲
Non-distributable reserves130/1€2.97M€3.01M▲
Legal reserve130€292k€292k=
Own shares acquired1312€2.68M€2.72M▲
Tax-exempt reserves132€8k€8k=
Distributable reserves133€2.29M€2.29M=
Profit (loss) carried forward14€10.90M€10.42M▼
Investment grants15€103k€74k▼
Amounts payable17/49€17.45M€15.44M▼
Amounts payable after more than one year17€1.77M€1.45M▼
Financial debts170/4€1.77M€1.45M▼
Subordinated loans170€1.04M€1.04M=
Leasing and similar obligations172€54k€37k▼
Credit institutions173€674k€374k▼
Amounts payable within one year42/48€15.68M€13.98M▼
Current portion of amounts payable after more than one year42€643k€313k▼
Financial debts43€12.21M€8.75M▼
Credit institutions430/8€12.15M€8.70M▼
Other loans439€58k€53k▼
Trade debts44€172k€199k▲
Suppliers440/4€172k€199k▲
Taxes, remuneration and social security45€72k€54k▼
Taxes450/3€17k€16k▼
Remuneration and social security454/9€56k€38k▼
Other amounts payable47/48€2.58M€4.66M▲
Accrued charges and deferred income492/3€5k€6k▲
Income statement
Code20242025
Operating income70/76A€2.67M€2.79M▲
Turnover70€2.14M€2.20M▲
Other operating income74€536k€592k▲
Operating charges60/66A€2.54M€2.95M▲
Services and other goods61€1.83M€2.19M▲
Remuneration, social security and pensions62€472k€489k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€213k€204k▼
Other operating charges640/8€30k€74k▲
Operating profit (loss)9901€132k€-164k▼
Financial income75/76B€1.83M€1.84M▲
Recurring financial income75€1.83M€1.80M▼
Income from financial fixed assets750€1.48M€1.55M▲
Income from current assets751€342k€219k▼
Other financial income752/9€8k€29k▲
Non-recurring financial income76B-€38k
Financial charges65/66B€597k€714k▲
Recurring financial charges65€597k€425k▼
Debt charges650€597k€425k▼
Other financial charges652/9€45-
Non-recurring financial charges66B-€288k
Profit (loss) for the period before taxes9903€1.36M€959k▼
Income taxes67/77€1k€1k▼
Taxes670/3€1k€1k▼
Profit (loss) for the period9904€1.36M€958k▼
Profit (loss) for the period to be appropriated9905€1.36M€958k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12.20M€11.86M▼
Profit (loss) brought forward from the previous period14P€10.84M€10.90M▲
Transfer to equity691/2-€37k
To the legal reserve6920-€37k
Profit to be distributed694/7€1.30M€1.40M▲
Return on contributions (dividend)694€1.30M€1.40M▲
Social balance
Average headcount (FTE)90875.05.0=
The notes to these accounts (89 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-12
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated · 29 days late
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €2.58M ▲160%
Net result €2.58M, the highest in the series.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated · 6 days late
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 6 days late
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · consolidated
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €101k ▼95.8%
Net result drops to €101k, the lowest in the series; recovery starts the following year.
2016
23-11
State Gazette act
General meeting · Statutes amendment
Director resignation · Director discharge
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
19 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, Liège · 1 establishment unit since 1999
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.
Avenue de l'Indépendance 834020 LiègeGround area
2.2 ha
Building footprint
603 m²
Volume, LiDAR
4,638 m³
Parcel 62113B0782/00E003, Wallonia · tallest building 8.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Avenue de l'Indépendance 83, 4020 Liège
since 19992.090.925.367
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62113B0782/00E003 | Wallonia | 2.2 ha | 1 · 603 m² | 8.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Connections & network
2 connected companiesNetwork connections
Shared director
→
Shared director
→
Ownership & control
1 partyJOLY SABE 0464.849.536
controls
Where this company holds controlthis company sits on their board1
1 location
Recognitions · licences · registrations
Legal Entity Identifier
549300MF86XCTWZV3H59
Similar companies · same sector, comparable size
ADAMS POLENDAM
BE 0453.977.024
Beerse · Eq €16.55M
WEGENWERKEN DE MOOR
BE 0415.668.556
Wetteren · Eq €17.24M
EUROVIA BELGIUM
BE 0402.784.778
Anderlecht · Eq €16.31M
A.B.W.
BE 0462.456.309
Beerse · Eq €15.65M
ENTREPRISE JEROUVILLE
BE 0413.825.754
Libramont-Chevigny · Eq €18.22M
Of 2,327 companies in sector 42110 we hold annual accounts for 1,097. 216 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-12-1998
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
45230
64200Holdings
64210Activities of holding companies
74151
42130Civil engineering
42220Construction of utility projects for electricity and telecommunications
42919Civil engineering
45214
45215
45242
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.