JORESTATE
ActiveSummary
JORESTATE has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €232k and a net result of €87k. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 42% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+33
Solvency45▼-6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity short (current ratio 0.9 against 2.08 in 2024; short-term debt: 16% and cash: 3.5% of total assets), and 79.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
20.1%
Return on assets
7.5%
Age of the figures
9 mo
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
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
36 d early
2023
41 d early
2022
49 d early
2021
44 d early
2020
18 d early
2019
32 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€232k▼ 47.1%
2024 · €439k
2018: €113k
2019: €175k
2020: €237k
2021: €301k
2022: €352k
2023: €400k
2024: €439k
2018 → 2025
Total assets
€1.15M▼ 32.0%
2024 · €1.70M
2018: €656k
2019: €951k
2020: €1.40M
2021: €2.49M
2022: €2.03M
2023: €2.52M
2024: €1.70M
2018 → 2025
Net result
€87k▲ 125%
2024 · €38k
2018: €71k
2019: €64k
2020: €69k
2021: €64k
2022: €51k
2023: €48k
2024: €38k
2018 → 2025
Working capital
€-19k
2024 · €341k
2018: €121k
2019: €380k
2020: €452k
2021: €524k
2022: €466k
2023: €519k
2024: €341k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€301k-€352k▲ 16.9%€400k▲ 13.7%€439k▲ 9.6%€232k▼ 47.1%
Operating result€143k-€125k▼ 12.9%€104k▼ 16.2%€125k▲ 19.3%€158k▲ 26.7%
Net result€64k-€51k▼ 20.5%€48k▼ 5.2%€38k▼ 20.1%€87k▲ 125%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 27% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.15M
Fixed assets
€989k ▼ 5.2%
Current assets
€166k ▼ 74.7%
Equity and liabilities €1.15M
Equity
€232k ▼ 47.1%
Debt
€922k ▼ 26.8%
Debt's share of the balance-sheet total rises from 74.2% to 79.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€205k▲
2024 · €175k
Cash flow
€134k▲
2024 · €89k
Current ratio
0.90▼
2024 · 2.08
Quick ratio
0.36▼
2024 · 2.03
Debt to equity
3.97▲
2024 · 2.87
ROE
37.3%▲
2024 · 8.8%
ROA
7.5%▲
2024 · 2.3%
Interest coverage
5.70▲
2024 · 2.51
Debt ≤ 1 year
€185k▼
2024 · €315k
Debt > 1 year
€726k▼
2024 · €789k
Income taxes
€39k▲
2024 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.70M€1.15M▼
Formation expenses20€0€0=
Fixed assets21/28€1.04M€989k▼
Tangible fixed assets22/27€1.04M€988k▼
Land and buildings22€955k€918k▼
Plant, machinery and equipment23€15k€6k▼
Furniture and vehicles24€13k€4k▼
Other tangible fixed assets26€60k€60k=
Financial fixed assets28€400€400=
Current assets29/58€656k€166k▼
Amounts receivable after more than one year29€200k-
Other amounts receivable291€200k-
Stocks and contracts in progress3€15k€99k▲
Stocks30/36-€99k
Contracts in progress37€15k-
Amounts receivable within one year40/41€408k€18k▼
Trade receivables40€395k€14k▼
Other amounts receivable41€13k€4k▼
Cash at bank and in hand54/58€27k€41k▲
Deferred charges and accrued income490/1€6k€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.70M€1.15M▼
Equity10/15€439k€232k▼
Contributions10/11€6k€6k=
Reserves13€432k€226k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€431k€224k▼
Amounts payable17/49€1.26M€922k▼
Amounts payable after more than one year17€789k€726k▼
Financial debts170/4€789k€726k▼
Amounts payable within one year42/48€315k€185k▼
Current portion of amounts payable after more than one year42€63k€63k▼
Financial debts43€18k€35k▲
Credit institutions430/8€18k€35k▲
Trade debts44€89k€35k▼
Suppliers440/4€89k€35k▼
Taxes, remuneration and social security45€43k€28k▼
Taxes450/3€43k€28k▼
Other amounts payable47/48€102k€24k▼
Accrued charges and deferred income492/3€155k€11k▼
Income statement
Code20242025
Non-recurring operating income76A€20k€556▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€47k▼
Other operating charges640/8€34k€9k▼
Gross operating margin9900€209k€214k▲
Operating profit (loss)9901€125k€158k▲
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€70k€36k▼
Recurring financial charges65€70k€36k▼
Profit (loss) for the period before taxes9903€60k€126k▲
Income taxes67/77€21k€39k▲
Profit (loss) for the period9904€38k€87k▲
Profit (loss) for the period to be appropriated9905€38k€87k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€87k▲
Transfer from equity791/2-€293k
Transfer to equity691/2€38k€87k▲
To other reserves6921€38k€87k▲
Profit to be distributed694/7-€293k
Return on contributions (dividend)694-€293k
The notes to these accounts (9 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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €87k ▲125%
Net result €87k, the highest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €38k ▼20.1%
Net result drops to €38k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €237k ▲35.5%
3 profitable years in a row build equity to €237k.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150kEq €175k ▲55.3%
2 profitable years in a row build equity to €175k.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
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.
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, Kapellen · 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.
Brasschaatselei 12950 KapellenGround area
9,852 m²
Building footprint
304 m²
Volume, LiDAR
2,142 m³
Parcel 11023I0180/00C042, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JORESTATE
since 20122.212.507.246
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023I0180/00C042 | Flanders | 9,852 m² | 1 · 304 m² | 10.9 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.
Similar companies · same sector, comparable size
SCREMERS
BE 0567.552.740
Antwerpen · Eq €232,090
Groupe B.C.L.
BE 0418.728.511
Namur · Eq €232,134
MINABO
BE 0841.435.210
Zedelgem · Eq €232,276
AD REAL ESTATE
BE 0656.747.210
Lasne · Eq €232,294
D & M
BE 0461.176.008
Heist-op-den-Berg · Eq €231,641
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 5,278 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-08-2012
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
43990Other specialised construction activities
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.