JOREN
ActiveSummary
JOREN has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €174,524 and a net result of €29,992. Equity is growing by ~3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-3
Solvency73▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.5 against 0.6 in 2024; short-term debt: 19.1% and cash: 8.8% of total assets), and 51.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.3%
Return on assets
8.3%
Age of the figures
9 mo
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
31 d early
2023
33 d early
2022
28 d late
2021
3 d early
2020
17 d late
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 10 days before 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 (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€174,524▼ 2.2%
2024 · €178,532
Total assets
€361,443▼ 8.8%
2024 · €396,419
Net result
€29,992▼ 29.2%
2024 · €42,368
Working capital
-€34,247▼ 13.3%
2024 · -€30,215
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
Line20212022202320242025
Operating result€26,360▲ 8.4%€28,877▲ 9.5%€58,772▲ 104%€63,623▲ 8.3%€45,753▼ 28.1%
Net result€13,573▲ 10.7%€15,992▲ 17.8%€38,333▲ 140%€42,368▲ 10.5%€29,992▼ 29.2%
Equity€157,739▲ 9.4%€173,731▲ 10.1%€157,164▼ 9.5%€178,532▲ 13.6%€174,524▼ 2.2%
Total assets€442,955▼ 5.6%€438,462▼ 1.0%€433,784▼ 1.1%€396,419▼ 8.6%€361,443▼ 8.8%
Debt€285,216▼ 12.3%€264,731▼ 7.2%€276,620▲ 4.5%€217,887▼ 21.2%€186,919▼ 14.2%
Working capital-€11,662▲ 73.6%-€36,655▼ 214%-€52,195▼ 42.4%-€30,215▲ 42.1%-€34,247▼ 13.3%
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 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €361,443
Fixed assets
€326,618 ▼ 6.8%
Current assets
€34,825 ▼ 24.0%
Equity and liabilities €361,443
Equity
€174,524 ▼ 2.2%
Debt
€186,919 ▼ 14.2%
Debt's share of the balance-sheet total falls from 55.0% to 51.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€77,455▼
2024 · €95,388
Cash flow
€61,694▼
2024 · €74,133
Current ratio
0.50▼
2024 · 0.60
Debt to equity
1.07▼
2024 · 1.22
ROE
17.2%▼
2024 · 23.7%
ROA
8.3%▼
2024 · 10.7%
Interest coverage
19.10▼
2024 · 19.88
Debt ≤ 1 year
€69,072▼
2024 · €76,051
Debt > 1 year
€117,847▼
2024 · €141,836
Income taxes
€11,706▼
2024 · €16,461
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,046 | €45,651 | €38,960 | €31,765 | €31,702 | ▼ 0.2% |
| Other operating charges640/8 | €6,303 | €6,361 | €7,008 | €7,376 | €7,527 | ▲ 2.0% |
| Gross operating margin9900 | €70,709 | €80,889 | €104,740 | €102,764 | €84,982 | ▼ 17.3% |
| Operating profit (loss)9901 | €26,360 | €28,877 | €58,772 | €63,623 | €45,753 | ▼ 28.1% |
| Financial income75/76B | - | - | - | €3 | - | - |
| Recurring financial income75 | - | - | - | €3 | - | - |
| Financial charges65/66B | €7,831 | €6,617 | €5,675 | €4,797 | €4,055 | ▼ 15.5% |
| Recurring financial charges65 | €7,831 | €6,617 | €5,675 | €4,797 | €4,055 | ▼ 15.5% |
| Profit (loss) for the period before taxes9903 | €18,529 | €22,260 | €53,097 | €58,829 | €41,698 | ▼ 29.1% |
| Income taxes67/77 | €4,956 | €6,268 | €14,764 | €16,461 | €11,706 | ▼ 28.9% |
| Profit (loss) for the period9904 | €13,573 | €15,992 | €38,333 | €42,368 | €29,992 | ▼ 29.2% |
| Profit (loss) for the period to be appropriated9905 | €13,573 | €15,992 | €38,333 | €42,368 | €29,992 | ▼ 29.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €442,955 | €438,462 | €433,784 | €396,419 | €361,443 | ▼ 8.8% |
| Fixed assets21/28 | €408,896 | €418,340 | €382,348 | €350,583 | €326,618 | ▼ 6.8% |
| Tangible fixed assets22/27 | €408,896 | €418,340 | €382,348 | €350,583 | €326,618 | ▼ 6.8% |
| Land and buildings22 | €386,336 | €400,580 | €372,802 | €345,024 | €317,246 | ▼ 8.1% |
| Plant, machinery and equipment23 | €6,589 | €8,658 | €7,781 | €4,320 | €8,658 | ▲ 100% |
| Furniture and vehicles24 | €15,971 | €9,102 | €1,765 | €1,239 | €714 | ▼ 42.4% |
| Current assets29/58 | €34,059 | €20,122 | €51,436 | €45,836 | €34,825 | ▼ 24.0% |
| Amounts receivable within one year40/41 | €5,960 | €5,714 | €450 | €750 | - | - |
| Trade receivables40 | €3,416 | €3,170 | €450 | €750 | - | - |
| Other amounts receivable41 | €2,544 | €2,544 | - | - | - | - |
| Cash at bank and in hand54/58 | €24,771 | €10,622 | €48,332 | €43,129 | €31,874 | ▼ 26.1% |
| Deferred charges and accrued income490/1 | €3,328 | €3,786 | €2,654 | €1,957 | €2,951 | ▲ 50.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €442,955 | €438,462 | €433,784 | €396,419 | €361,443 | ▼ 8.8% |
| Equity10/15 | €157,739 | €173,731 | €157,164 | €178,532 | €174,524 | ▼ 2.2% |
| Contributions10/11 | €9,470 | €9,470 | €9,470 | €9,470 | €9,470 | = |
| Reserves13 | €128,116 | €143,616 | €126,716 | €146,716 | €142,616 | ▼ 2.8% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | €126,257 | €141,757 | €126,716 | €146,716 | €142,616 | ▼ 2.8% |
| Profit (loss) carried forward14 | €20,153 | €20,645 | €20,978 | €22,346 | €22,438 | ▲ 0.4% |
| Amounts payable17/49 | €285,216 | €264,731 | €276,620 | €217,887 | €186,919 | ▼ 14.2% |
| Amounts payable after more than one year17 | €239,495 | €207,954 | €172,989 | €141,836 | €117,847 | ▼ 16.9% |
| Financial debts170/4 | €219,495 | €187,954 | €155,489 | €124,336 | €96,947 | ▼ 22.0% |
| Other amounts payable178/9 | €20,000 | €20,000 | €17,500 | €17,500 | €20,900 | ▲ 19.4% |
| Amounts payable within one year42/48 | €45,721 | €56,777 | €103,631 | €76,051 | €69,072 | ▼ 9.2% |
| Current portion of amounts payable after more than one year42 | €36,762 | €36,701 | €38,045 | €37,183 | €34,020 | ▼ 8.5% |
| Trade debts44 | €3,190 | €6,437 | €2,961 | €1,751 | €2,198 | ▲ 25.5% |
| Suppliers440/4 | €3,190 | €6,437 | €2,961 | €1,751 | €2,198 | ▲ 25.5% |
| Taxes, remuneration and social security45 | €2,962 | €12,458 | €7,479 | €7,061 | €9,766 | ▲ 38.3% |
| Taxes450/3 | €2,962 | €1,418 | €7,479 | €7,061 | €9,266 | ▲ 31.2% |
| Remuneration and social security454/9 | - | €11,040 | - | - | €500 | - |
| Other amounts payable47/48 | €2,807 | €1,181 | €55,146 | €30,056 | €23,088 | ▼ 23.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,573 | €15,992 | €38,333 | €42,368 | €29,992 | ▼ 29.2% |
| + Depreciation and write-downs630 | €38,046 | €45,651 | €38,960 | €31,765 | €31,702 | ▼ 0.2% |
| Operating cash flow (approximation) | €51,619 | €61,643 | €77,293 | €74,133 | €61,694 | ▼ 16.8% |
| Investment in fixed assets (approximation) | - | -€55,095 | -€2,968 | €0 | -€7,737 | - |
| Change in cash | - | -€14,149 | €37,710 | -€5,203 | -€11,255 | ▼ 116% |
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
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €42,368 ▲10.5%
Operating result €63,623, net result €42,368, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €157,739 ▲9.4%
4 profitable years in a row build equity to €157,739.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Weakest financial yearnet €12,259 ▼44.6%
Net result drops to €12,259, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150,000Eq €158,907 ▲16.2%
2 profitable years in a row build equity to €158,907.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Leuven · 1 establishment unit since 1994
Ground area
3,178 m²
Building footprint
296 m²
Volume, LiDAR
1,670 m³
Parcel 24482F0126/00G000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Gemeentestraat 227, 3010 Leuven
since 19942.186.517.184
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24482F0126/00G000 | Flanders | 3,178 m² | 1 · 296 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 119 EUR awarded · 119 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 119 EUR | 119 EUR |
Identification & contact
Identification
Legal formPrivate limited company
Founded27-05-1994
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452726417
Also
9925:BE0452726417
Registered
23-10-2024
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.