JOMIVAR
Judicial reorganisationThe file of JOMIVAR contains 1 judicial reorganisation, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2024 annual accounts show negative equity (€-1.29M) and a net result of €-290k. Equity is shrinking by ~43.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 1696 sector peers (fiscal year 2024).
Checked score
Score 2024
1
/ 100
Critical
The score weighs solvency, liquidity and profitability. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability2▼-36
Solvency0=
Growth32▼-26
Track record60
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity short (current ratio 0.26 against 0.42 in 2023; short-term debt: 90.9% and cash: 0.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-1.29M
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-10-2025, 75 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
75 d late
2023
27 d late
2022
20 d early
2021
31 d late
2020
10 d late
2019
32 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€-1.29M▼ 28.8%
2023 · €-1.00M
2018: €132k
2019: €145k
2020: €-95k
2021: €-636k
2022: €-979k
2023: €-1.00M
2018 → 2024
Total assets
€1.52M▼ 22.5%
2023 · €1.96M
2018: €2.74M
2019: €2.83M
2020: €2.49M
2021: €2.12M
2022: €2.02M
2023: €1.96M
2018 → 2024
Net result
€-290k▼ 1,039%
2023 · €-25k
2018: €-200k
2019: €13k
2020: €-240k
2021: €-541k
2022: €-343k
2023: €-25k
2018 → 2024
Working capital
€-1.03M▼ 27.5%
2023 · €-805k
2018: €-483k
2019: €-54k
2020: €-277k
2021: €-781k
2022: €-1.09M
2023: €-805k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-95k-€-636k▼ 567%€-979k▼ 53.9%€-1.00M▼ 2.6%€-1.29M▼ 28.8%
Operating result€-219k-€-472k▼ 115%€-294k▲ 37.6%€94k€-194k
Net result€-240k-€-541k▼ 125%€-343k▲ 36.5%€-25k▲ 92.6%€-290k▼ 1,039%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €194k after €94k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.52M
Fixed assets
€1.17M▼ 15.3%
Current assets
€356k▼ 39.3%
Key figures and ratios
EBITDA
€21k▼
2023 · €314k
Cash flow
€-74k▼
2023 · €194k
Solvency
-85.0%▼
2023 · -51.2%
Current ratio
0.26▼
2023 · 0.42
Quick ratio
0.01▼
2023 · 0.07
Debt / equity
-2.18▲
2023 · -2.95
ROA
-19.0%▼
2023 · -1.3%
Interest coverage
0.22▼
2023 · 2.54
Debt
€2.82M▼
2023 · €2.97M
Debt ≤ 1 year
€1.38M▼
2023 · €1.39M
Debt > 1 year
€1.43M▼
2023 · €1.57M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.96M€1.52M▼
Fixed assets21/28€1.38M€1.17M▼
Intangible fixed assets21€5k€9k▲
Tangible fixed assets22/27€1.37M€1.16M▼
Land and buildings22€1.34M€1.13M▼
Plant, machinery and equipment23€32k€24k▼
Current assets29/58€587k€356k▼
Stocks and contracts in progress3€487k€345k▼
Stocks30/36€487k€345k▼
Amounts receivable within one year40/41€76k€8k▼
Trade receivables40€71k€558▼
Other amounts receivable41€5k€8k▲
Cash at bank and in hand54/58€24k€3k▼
Deferred charges and accrued income490/1€718€763▲
Equity and liabilities
Total equity and liabilities10/49€1.96M€1.52M▼
Equity10/15€-1.00M€-1.29M▼
Contributions10/11€702k€702k=
Reserves13€53k€53k=
Non-distributable reserves130/1€53k€53k=
Reserves not available under the articles1311€53k€53k=
Profit (loss) carried forward14€-1.76M€-2.05M▼
Amounts payable17/49€2.97M€2.82M▼
Amounts payable after more than one year17€1.57M€1.43M▼
Financial debts170/4€1.57M€1.43M▼
Amounts payable within one year42/48€1.39M€1.38M▼
Current portion of amounts payable after more than one year42€219k€209k▼
Trade debts44€979k€955k▼
Suppliers440/4€979k€955k▼
Advances received on contracts in progress46-€14k
Taxes, remuneration and social security45€9k€9k▲
Taxes450/3€9k€9k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€186k€197k▲
Accrued charges and deferred income492/3€9k€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€220k€216k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€317k€24k▼
Operating profit (loss)9901€94k€-194k▼
Financial income75/76B€4k€0▼
Recurring financial income75€4k€0▼
Financial charges65/66B€123k€95k▼
Recurring financial charges65€123k€95k▼
Profit (loss) for the period before taxes9903€-25k€-290k▼
Profit (loss) for the period9904€-25k€-290k▼
Profit (loss) for the period to be appropriated9905€-25k€-290k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.76M€-2.05M▼
Profit (loss) brought forward from the previous period14P€-1.73M€-1.76M▼
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
05-06
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · collectif_pme · event 28-05-2026
2025
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 75 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-541k
Net result drops to €-541k, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 32 days late
2019
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Wortegem-Petegem · 1 establishment unit since 2012
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.
Heerbaan (M.-P.) 169790 Wortegem-PetegemGround area
2.4 ha
Building footprint
265 m²
Volume, LiDAR
1,233 m³
Parcel 45025A0460/00N000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Heerbaan (M.-P.) 16, 9790 Wortegem-Petegem
since 20122.210.626.238
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45025A0460/00N000 | Flanders | 2.4 ha | 1 · 265 m² | 7.3 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWortegem-Petegem2.210.626.238
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Of 587 companies in sector 01462 we hold annual accounts for 213. 174 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-06-2012
Fiscal year end31-12
Activities, NACEBEL
01462Crop and animal production, hunting and related service activities
01461Pig breeding farms
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.