Summary
JOREX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €36k and a net result of €-23k. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 68% of 9863 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
29 d late
2022
30 d late
2021
31 d late
2020
31 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date Which other companies resemble this one?Lookalike companies
Financials · fiscal year 2024, micro schema
Equity
€36k▼ 38.3%
2023 · €59k
Net result
€-23k
2023 · €4k
Total assets
€50k▼ 39.2%
2023 · €82k
Solvency
72.5%▲ 1.0pp
2023 · 71.5%
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
Line20202021202220232024
Operating result€-12k€16k€23k▲ 42.1%€7k▼ 70.2%€-22k
Net result€-12k€15k€17k▲ 14.3%€4k▼ 74.9%€-23k
Equity€22k▼ 35.1%€37k▲ 66.4%€55k▲ 45.6%€59k▲ 7.8%€36k▼ 38.3%
Total assets€24k▼ 33.8%€66k▲ 173%€76k▲ 16.1%€82k▲ 7.8%€50k▼ 39.2%
Debt€2k▼ 7.8%€28k▲ 1,725%€22k▼ 23.0%€23k▲ 7.7%€14k▼ 41.3%
Working capital€19k▼ 27.8%€29k▲ 52.6%€22k▼ 22.1%€21k▼ 3.6%€19k▼ 9.0%
Solvency93.5%▼ 1.8pp56.9%▼ 36.6pp71.4%▲ 14.5pp71.5%=72.5%▲ 1.0pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €22k after €7k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €50k
Fixed assets
€17k ▼ 60.8%
Current assets
€33k ▼ 14.0%
Equity and liabilities €50k
Equity
€36k ▼ 38.3%
Debt
€14k ▼ 41.3%
Debt's share of the balance-sheet total falls from 28.5% to 27.5%. Equity and debt are lower.
Key figures and ratios
ROE
-62.1%▼
2023 · 7.3%
ROA
-45.0%▼
2023 · 5.2%
Debt ≤ 1 year
€13k▼
2023 · €17k
Debt > 1 year
€527▼
2023 · €7k
Income taxes
€340▼
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €7k | €12k | €18k | €18k | ▼ 1.3% |
| Other operating charges640/8 | - | €3k | €943 | €2k | €1k | ▼ 26.4% |
| Non-recurring operating charges66A | - | - | - | - | €968 | - |
| Gross operating margin9900 | €-6k | €26k | €36k | €27k | €-2k | ▼ 107% |
| Operating profit (loss)9901 | €-12k | €16k | €23k | €7k | €-22k | ▼ 417% |
| Financial income75/76B | - | - | - | - | €24 | - |
| Recurring financial income75 | - | - | - | - | €24 | - |
| Financial charges65/66B | - | €328 | €294 | €284 | €216 | ▼ 23.9% |
| Recurring financial charges65 | €1 | €328 | €294 | €284 | €216 | ▼ 23.9% |
| Profit (loss) for the period before taxes9903 | €-12k | €16k | €23k | €7k | €-22k | ▼ 434% |
| Income taxes67/77 | €119 | €1k | €6k | €2k | €340 | ▼ 85.7% |
| Profit (loss) for the period9904 | €-12k | €15k | €17k | €4k | €-23k | ▼ 626% |
| Profit (loss) for the period to be appropriated9905 | €-12k | €15k | €17k | €4k | €-23k | ▼ 626% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24k | €66k | €76k | €82k | €50k | ▼ 39.2% |
| Fixed assets21/28 | €4k | €28k | €45k | €44k | €17k | ▼ 60.8% |
| Tangible fixed assets22/27 | €4k | €28k | €45k | €44k | €17k | ▼ 60.8% |
| Plant, machinery and equipment23 | - | €897 | €548 | €4k | €4k | ▼ 4.1% |
| Furniture and vehicles24 | - | €27k | €45k | €40k | €13k | ▼ 66.8% |
| Current assets29/58 | €20k | €38k | €31k | €38k | €33k | ▼ 14.0% |
| Amounts receivable within one year40/41 | - | €21k | €25k | €27k | €24k | ▼ 10.1% |
| Trade receivables40 | - | €21k | €25k | €25k | €22k | ▼ 13.0% |
| Other amounts receivable41 | - | €38 | €227 | €2k | €2k | ▲ 30.5% |
| Cash at bank and in hand54/58 | €20k | €17k | €6k | €11k | €9k | ▼ 21.1% |
| Deferred charges and accrued income490/1 | - | - | - | €306 | €16 | ▼ 94.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24k | €66k | €76k | €82k | €50k | ▼ 39.2% |
| Equity10/15 | €22k | €37k | €55k | €59k | €36k | ▼ 38.3% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €2k | €17k | €35k | €39k | €16k | ▼ 58.1% |
| Non-distributable reserves130/1 | - | €733 | €733 | - | - | - |
| Reserves not available under the articles1311 | - | €733 | €733 | - | - | - |
| Distributable reserves133 | - | €17k | €34k | €39k | €16k | ▼ 58.1% |
| Amounts payable17/49 | €2k | €28k | €22k | €23k | €14k | ▼ 41.3% |
| Amounts payable after more than one year17 | - | €19k | €13k | €7k | €527 | ▼ 92.3% |
| Financial debts170/4 | - | €19k | €13k | €7k | €527 | ▼ 92.3% |
| Amounts payable within one year42/48 | €2k | €9k | €9k | €17k | €13k | ▼ 20.4% |
| Current portion of amounts payable after more than one year42 | - | €6k | €6k | €6k | €6k | ▲ 1.1% |
| Trade debts44 | €252 | €351 | €2k | €3k | €3k | ▼ 14.2% |
| Suppliers440/4 | - | €351 | €2k | €3k | €3k | ▼ 14.2% |
| Taxes, remuneration and social security45 | - | €3k | €392 | - | €2k | - |
| Taxes450/3 | - | €3k | €392 | - | €2k | - |
| Other amounts payable47/48 | - | - | €323 | €8k | €3k | ▼ 66.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-12k | €15k | €17k | €4k | €-23k | ▼ 626% |
| + Depreciation and write-downs630 | €5k | €7k | €12k | €18k | €18k | ▼ 1.3% |
| Operating cash flow (approximation) | €-7k | €22k | €29k | €23k | €-4k | ▼ 120% |
| Investment in fixed assets (approximation) | - | €-31k | €-29k | €-17k | €9k | ▲ 151% |
| Change in cash | - | €-3k | €-11k | €5k | €-2k | ▼ 144% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2019net €17k ▲14.3%
Operating result €23k, net result €17k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Kruisem · 1 establishment unit since 2018
Ground area
989 m²
Building footprint
183 m²
Volume, LiDAR
1,034 m³
Parcel 45015D0611/00L000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
JOREX
since 20182.280.539.482
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45015D0611/00L000 | Flanders | 989 m² | 1 · 183 m² | 8.2 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.
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,772. 9,386 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.