JOOS EXPRESS
InactiveJOOS EXPRESS was declared bankrupt on 28-03-2023 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 19-11-2024, published in the Belgian State Gazette on 25-11-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 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
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
11 d late
2019
153 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 65 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
€11,633▼ 93.4%
2020 · €176,213
Total assets
€804,081▲ 41.7%
2020 · €567,295
Net result
€6,850▼ 96.2%
2020 · €182,612
Working capital
-€135,030▼ 957%
2020 · -€12,779
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€1,650-€59,119▲ 3,482%€243,057▲ 311%€16,933▼ 93.0%
Net result€1,130-€55,019▲ 4,768%€182,612▲ 232%€6,850▼ 96.2%
Equity-€14,417--€6,398▲ 55.6%€176,213€11,633▼ 93.4%
Total assets€120,053-€238,028▲ 98.3%€567,295▲ 138%€804,081▲ 41.7%
Debt€134,470-€244,426▲ 81.8%€391,082▲ 60.0%€792,448▲ 103%
Working capital-€11,936-€35,560-€12,779-€135,030▼ 957%
Staff (FTE)1.2-1.2=11
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 93% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €804,081
Fixed assets
€671,460 ▲ 170%
Current assets
€132,621 ▼ 58.4%
Equity and liabilities €804,081
Equity
€11,633 ▼ 93.4%
Debt
€792,448 ▲ 103%
Debt's share of the balance-sheet total rises from 68.9% to 98.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€111,429▼
2020 · €269,163
Cash flow
€101,347▼
2020 · €208,717
Current ratio
0.50▼
2020 · 0.96
Debt to equity
68.12
ROE
58.9%▼
2020 · 103.6%
ROA
0.9%▼
2020 · 32.2%
Interest coverage
35.01
Debt ≤ 1 year
€267,651▼
2020 · €331,728
Debt > 1 year
€524,796
Income taxes
€6,900▼
2020 · €59,537
Staff costs
€367,346
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,913 | - |
| Remuneration, social security and pensions62 | - | - | - | €367,346 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,614 | €15,744 | €26,106 | €94,496 | ▲ 262% |
| Other operating charges640/8 | - | - | - | €9,229 | - |
| Non-recurring operating charges66A | - | - | - | €1,189 | - |
| Gross operating margin9900 | €36,853 | €292,690 | €606,582 | €489,193 | ▼ 19.4% |
| Operating profit (loss)9901 | €1,650 | €59,119 | €243,057 | €16,933 | ▼ 93.0% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | €52 | €7 | €18 | €0 | ▼ 99.0% |
| Financial charges65/66B | - | - | - | €3,183 | - |
| Recurring financial charges65 | €2 | €70 | €927 | €3,183 | ▲ 243% |
| Profit (loss) for the period before taxes9903 | €1,700 | €59,056 | €242,149 | €13,750 | ▼ 94.3% |
| Income taxes67/77 | €570 | €4,038 | €59,537 | €6,900 | ▼ 88.4% |
| Profit (loss) for the period9904 | €1,130 | €55,019 | €182,612 | €6,850 | ▼ 96.2% |
| Profit (loss) for the period to be appropriated9905 | €1,130 | €55,019 | €182,612 | €6,850 | ▼ 96.2% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €120,053 | €238,028 | €567,295 | €804,081 | ▲ 41.7% |
| Fixed assets21/28 | €2,379 | €17,395 | €248,346 | €671,460 | ▲ 170% |
| Intangible fixed assets21 | - | - | €150,000 | - | - |
| Tangible fixed assets22/27 | €1,455 | €16,471 | €73,451 | €646,566 | ▲ 780% |
| Land and buildings22 | - | - | - | €564,144 | - |
| Plant, machinery and equipment23 | - | - | - | €8,565 | - |
| Furniture and vehicles24 | - | - | - | €73,857 | - |
| Financial fixed assets28 | €924 | €924 | €24,894 | €24,894 | = |
| Current assets29/58 | €117,674 | €220,633 | €318,949 | €132,621 | ▼ 58.4% |
| Amounts receivable within one year40/41 | €111,306 | €108,338 | €81,283 | €105,947 | ▲ 30.3% |
| Trade receivables40 | - | - | - | €105,837 | - |
| Other amounts receivable41 | - | - | - | €110 | - |
| Cash at bank and in hand54/58 | €6,368 | €98,764 | €224,876 | €26,674 | ▼ 88.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €120,053 | €238,028 | €567,295 | €804,081 | ▲ 41.7% |
| Equity10/15 | -€14,417 | -€6,398 | €176,213 | €11,633 | ▼ 93.4% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | - |
| Reserves13 | - | - | €157,621 | - | - |
| Profit (loss) carried forward14 | -€33,009 | -€24,991 | -€33,009 | -€6,959 | ▲ 78.9% |
| Amounts payable17/49 | €134,470 | €244,426 | €391,082 | €792,448 | ▲ 103% |
| Amounts payable after more than one year17 | - | - | - | €524,796 | - |
| Financial debts170/4 | - | - | - | €524,796 | - |
| Amounts payable within one year42/48 | €129,610 | €185,072 | €331,728 | €267,651 | ▼ 19.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €21,187 | - |
| Trade debts44 | €102,263 | €79,523 | €76,914 | €173,098 | ▲ 125% |
| Suppliers440/4 | - | - | - | €173,098 | - |
| Taxes, remuneration and social security45 | - | - | - | €63,295 | - |
| Taxes450/3 | - | - | - | €13,995 | - |
| Remuneration and social security454/9 | - | - | - | €49,300 | - |
| Other amounts payable47/48 | - | - | - | €10,071 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,130 | €55,019 | €182,612 | €6,850 | ▼ 96.2% |
| + Depreciation and write-downs630 | €1,614 | €15,744 | €26,106 | €94,496 | ▲ 262% |
| Operating cash flow (approximation) | €2,744 | €70,762 | €208,717 | €101,347 | ▼ 51.4% |
| Investment in fixed assets (approximation) | - | -€30,760 | -€257,056 | -€517,611 | ▼ 101% |
| Change in cash | - | €92,396 | €126,112 | -€198,202 | ▼ 257% |
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
2024
25-11
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 19-11-2024
2023
03-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 28-03-2023
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Highest result since 2018net €182,612 ▲232%
Operating result €243,057, net result €182,612, both a record.
31-12
Financial
Equity above €150,000Eq €176,213
3 profitable years in a row build equity to €176,213.
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
2019
03-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 125 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
24-04
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
30-04
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | OLIVIER DE PAEPE ZEISTRAAT 1A 002, 9850 NEVELE- |
28-03-2023 → 19-11-2024 |