JORABRA

Active

Private limited companyfounded 20188 yrs activeGroendreef 10, 9880 Aalter, BelgiumKBO/BCE: BE 0689.715.629

The computed 12-month bankruptcy probability of JORABRA is 1.6% (moderate). The 2024 annual accounts show equity of €51k and a net result of €-1k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 9623 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

43 / 100

Weak

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

Axes · tick = 2023

Profitability68▼-21

Solvency34▼-3

Growth78=

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days only on tighter terms

Liquidity short (current ratio 0.94 against 0.85 in 2023; short-term debt: 91.5% and cash: 2.4% of total assets), and 91.5% 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.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

8.5%

Return on assets

-0.2%

Age of the figures

21 mo

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 9623 sector peers (2024).

NBB · sector comparison

Position among 9623 sector peers

Solvency

better than 16%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.

NBB · 7 filings

Deviation from the deadline

2025

not confirmed

2024

43 d early

2023

27 d early

2022

25 d early

2021

30 d early

2020

44 d early

2019

32 d early

← before the deadline after the 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 2024, abbreviated schema

Equity

€51k▼ 2.8%

2023 · €53k

2018: €-151k 2019: €-296k 2020: €-137k 2021: €74k 2022: €-21k 2023: €53k

2018 → 2024

Total assets

€601k▲ 32.4%

2023 · €454k

2018: €896k 2019: €873k 2020: €760k 2021: €519k 2022: €487k 2023: €454k

2018 → 2024

Net result

€-1k

2023 · €74k

2018: €-169k 2019: €-145k 2020: €159k 2021: €211k 2022: €-95k 2023: €74k

2018 → 2024

Working capital

€-31k▲ 46.8%

2023 · €-59k

2018: €-919k 2019: €-909k 2020: €-599k 2021: €-253k 2022: €-240k 2023: €-59k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-137k-€74k€-21k€53k€51k▼ 2.8%

Operating result€167k-€246k▲ 47.3%€-96k€72k€-6k

Net result€159k-€211k▲ 32.6%€-95k€74k€-1k

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 €6k after €72k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €601k

13.7%

86.3%

Fixed assets €82k▼ 26.0%

Current assets €519k▲ 51.4%

Equity and liabilities €601k

91.5%

Equity €51k▼ 2.8%

Debt €550k▲ 37.1%

The debt ratio rises from 88.4% to 91.5%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€29k▼

2023 · €213k

Cash flow

€34k▼

2023 · €215k

Solvency

8.5%▼

2023 · 11.6%

Current ratio

0.94▲

2023 · 0.85

Quick ratio

0.82▲

2023 · 0.74

Debt / equity

10.75▲

2023 · 7.62

ROE

-2.9%▼

2023 · 140.1%

ROA

-0.2%▼

2023 · 16.3%

Interest coverage

13.49▼

2023 · 104.71

Debt

€550k▲

2023 · €401k

Debt ≤ 1 year

€550k▲

2023 · €401k

Income taxes

€7k▲

2023 · €2k

Staff costs

€598k▼

2023 · €664k

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€454k€601k▲

Fixed assets21/28€111k€82k▼

Tangible fixed assets22/27€111k€82k▼

Plant, machinery and equipment23€66k€52k▼

Furniture and vehicles24€6k€5k▼

Other tangible fixed assets26€40k€25k▼

Current assets29/58€343k€519k▲

Stocks and contracts in progress3€46k€67k▲

Stocks30/36€46k€67k▲

Amounts receivable within one year40/41€260k€437k▲

Trade receivables40€95k€62k▼

Other amounts receivable41€164k€375k▲

Cash at bank and in hand54/58€38k€14k▼

Equity and liabilities

Total equity and liabilities10/49€454k€601k▲

Equity10/15€53k€51k▼

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€32k€31k▼

Amounts payable17/49€401k€550k▲

Amounts payable within one year42/48€401k€550k▲

Trade debts44€205k€406k▲

Suppliers440/4€205k€406k▲

Taxes, remuneration and social security45€197k€144k▼

Taxes450/3€86k€54k▼

Remuneration and social security454/9€110k€90k▼

Income statement Code20232024

Remuneration, social security and pensions62€664k€598k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€141k€35k▼

Other operating charges640/8€8k€8k▲

Gross operating margin9900€886k€636k▼

Operating profit (loss)9901€72k€-6k▼

Financial income75/76B€5k€13k▲

Recurring financial income75€5k€13k▲

Financial charges65/66B€2k€2k▲

Recurring financial charges65€2k€2k▲

Profit (loss) for the period before taxes9903€76k€5k▼

Income taxes67/77€2k€7k▲

Profit (loss) for the period9904€74k€-1k▼

Profit (loss) for the period to be appropriated9905€74k€-1k▼

Appropriation of the result

Profit (loss) to be appropriated9906€34k€31k▼

Profit (loss) brought forward from the previous period14P€-40k€32k▲

Transfer to equity691/2€2k-

To the legal reserve6920€2k-

Social balance

Average headcount (FTE)908715.214.1▼

The notes to these accounts (5 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 10Financial 3Filings 7

2025

18-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

04-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Back to profitnet €74k

Net result €74k after one loss-making year.

06-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

01-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Highest result since 2018net €211k ▲32.6%

Operating result €246k, net result €211k, both a record.

17-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Back to profitnet €159k

Net result €159k after 2 loss-making years.

29-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

21-06

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

Financial 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, Aalter · 2 establishment units since 2018

establishment approximate All 2 establishment units 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.

Groendreef 109880 Aalter

Ground area

1.5 ha

Building footprint

9,334 m²

Volume, LiDAR

68,161 m³

3 parcels, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.

2 establishment units

BUURTSLAGERS

Kortrijksestraat 51, 8020 OostkampRetail sale of meat and meat products, excluding game and poultry

since 20182.278.564.741

BUURTSLAGERS

Baudeloostraat 15, 8700 TieltRetail sale of meat and meat products, excluding game and poultry

since 20192.294.896.967

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44503H0052/00C000	Flanders	1.4 ha	1 · 9,001 m²	11.4 m · 3 fl.
37001C0116/00D003	Flanders	571 m²	1 · 156 m²	10.4 m · 1 fl.
31022I0623/00E000	Flanders	461 m²	1 · 178 m²	12.6 m · 3 fl.