Jorheco
ActiveSummary
The computed 12-month bankruptcy probability of Jorheco is 2.4% (moderate). The 2024 annual accounts show equity of €23k and a net result of €4k. Equity is shrinking by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 32% of 36375 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
Score 2024
Axes · tick = 2023
Profitability70▼-30
Solvency56▼-2
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.57 against 2.53 in 2023; short-term debt: 55.6% and cash: 10.8% of total assets), but 69.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
30.6%
Return on assets
5.9%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €23k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
44 d early
2022
40 d early
2021
40 d early
2020
45 d early
2019
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€23k▲ 24.0%
2023 · €19k
Total assets
€75k▲ 33.1%
2023 · €57k
Net result
€4k▼ 68.7%
2023 · €14k
Working capital
€24k▼ 28.7%
2023 · €33k
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€14k▼ 39.6%€20k▲ 47.3%€35k▲ 71.7%€18k▼ 48.8%€6k▼ 63.9%
Net result€10k▼ 46.1%€15k▲ 59.9%€30k▲ 98.1%€14k▼ 52.9%€4k▼ 68.7%
Equity€43k▲ 90.8%€58k▲ 35.8%€19k▼ 67.9%€19k=€23k▲ 24.0%
Total assets€95k▲ 27.3%€82k▼ 13.6%€64k▼ 22.2%€57k▼ 11.5%€75k▲ 33.1%
Debt€53k▲ 0.3%€24k▼ 53.6%€45k▲ 85.8%€38k▼ 16.2%€52k▲ 37.6%
Working capital€26k€51k▲ 99.5%€36k▼ 30.2%€33k▼ 7.2%€24k▼ 28.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 64% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €75k
Fixed assets
€10k ▲ 491%
Current assets
€66k ▲ 19.4%
Equity and liabilities €75k
Equity
€23k ▲ 24.0%
Debt
€52k ▲ 37.6%
Debt's share of the balance-sheet total rises from 67.2% to 69.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▼
2023 · €19k
Cash flow
€7k▼
2023 · €16k
Current ratio
1.57▼
2023 · 2.53
Quick ratio
1.12▲
2023 · 0.93
Debt to equity
2.27▲
2023 · 2.04
ROE
19.3%▼
2023 · 76.6%
ROA
5.9%▼
2023 · 25.1%
Interest coverage
5.29▼
2023 · 38.27
Debt ≤ 1 year
€42k▲
2023 · €22k
Debt > 1 year
€10k▼
2023 · €15k
Income taxes
€1k▼
2023 · €4k
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 | - | - | €18k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €11k | €3k | €2k | €3k | ▲ 87.1% |
| Other operating charges640/8 | - | €503 | €507 | €557 | €569 | ▲ 2.2% |
| Gross operating margin9900 | €27k | €32k | €39k | €20k | €10k | ▼ 50.3% |
| Operating profit (loss)9901 | €14k | €20k | €35k | €18k | €6k | ▼ 63.9% |
| Financial income75/76B | - | €761 | €2k | €773 | €1k | ▲ 56.0% |
| Recurring financial income75 | €486 | €761 | €2k | €773 | €1k | ▲ 56.0% |
| Financial charges65/66B | - | €968 | €314 | €508 | €2k | ▲ 248% |
| Recurring financial charges65 | €1k | €968 | €314 | €508 | €2k | ▲ 248% |
| Profit (loss) for the period before taxes9903 | €13k | €20k | €36k | €18k | €6k | ▼ 67.5% |
| Income taxes67/77 | €4k | €5k | €6k | €4k | €1k | ▼ 63.3% |
| Profit (loss) for the period9904 | €10k | €15k | €30k | €14k | €4k | ▼ 68.7% |
| Profit (loss) for the period to be appropriated9905 | €10k | €15k | €30k | €14k | €4k | ▼ 68.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95k | €82k | €64k | €57k | €75k | ▲ 33.1% |
| Fixed assets21/28 | €17k | €6k | €3k | €2k | €10k | ▲ 491% |
| Intangible fixed assets21 | €692 | €549 | €406 | €263 | €121 | ▼ 54.2% |
| Tangible fixed assets22/27 | €16k | €6k | €3k | €1k | €10k | ▲ 594% |
| Plant, machinery and equipment23 | - | €2k | €1k | €503 | €165 | ▼ 67.1% |
| Furniture and vehicles24 | - | €4k | €2k | €882 | €9k | ▲ 971% |
| Current assets29/58 | €78k | €76k | €61k | €55k | €66k | ▲ 19.4% |
| Amounts receivable after more than one year29 | - | - | €5k | €0 | - | - |
| Other amounts receivable291 | - | - | €5k | €0 | - | - |
| Stocks and contracts in progress3 | €7k | €23k | €12k | €35k | €19k | ▼ 46.0% |
| Stocks30/36 | - | €12k | €12k | €12k | €4k | ▼ 68.9% |
| Contracts in progress37 | - | €11k | €0 | €23k | €15k | ▼ 33.3% |
| Amounts receivable within one year40/41 | €13k | €18k | €18k | €10k | €27k | ▲ 187% |
| Trade receivables40 | - | €14k | €14k | €8k | €26k | ▲ 210% |
| Other amounts receivable41 | - | €4k | €4k | €1k | €1k | ▲ 5.7% |
| Cash at bank and in hand54/58 | €52k | €29k | €24k | €5k | €8k | ▲ 67.8% |
| Deferred charges and accrued income490/1 | - | €5k | €2k | €6k | €11k | ▲ 97.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95k | €82k | €64k | €57k | €75k | ▲ 33.1% |
| Equity10/15 | €43k | €58k | €19k | €19k | €23k | ▲ 24.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €24k | €39k | €0 | - | €4k | - |
| Distributable reserves133 | - | €39k | €0 | - | €4k | - |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €53k | €24k | €45k | €38k | €52k | ▲ 37.6% |
| Amounts payable after more than one year17 | - | - | €20k | €15k | €10k | ▼ 32.8% |
| Financial debts170/4 | - | - | €20k | €15k | €10k | ▼ 32.8% |
| Amounts payable within one year42/48 | €53k | €24k | €25k | €22k | €42k | ▲ 93.2% |
| Current portion of amounts payable after more than one year42 | - | - | €5k | €5k | €5k | ▲ 0.1% |
| Financial debts43 | - | €0 | - | - | €3k | - |
| Credit institutions430/8 | - | €0 | - | - | €3k | - |
| Trade debts44 | €21k | €10k | €8k | €1k | €15k | ▲ 1,045% |
| Suppliers440/4 | - | €10k | €8k | €1k | €15k | ▲ 1,045% |
| Taxes, remuneration and social security45 | - | €244 | €11k | €3k | €463 | ▼ 85.0% |
| Taxes450/3 | - | €0 | €112 | €884 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €244 | €11k | €2k | €463 | ▼ 79.1% |
| Other amounts payable47/48 | - | €15k | €1k | €12k | €19k | ▲ 50.1% |
| Accrued charges and deferred income492/3 | - | - | €314 | €1k | €191 | ▼ 82.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €15k | €30k | €14k | €4k | ▼ 68.7% |
| + Depreciation and write-downs630 | €13k | €11k | €3k | €2k | €3k | ▲ 87.1% |
| Operating cash flow (approximation) | €22k | €27k | €33k | €16k | €7k | ▼ 53.4% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €0 | €-11k | - |
| Change in cash | - | €-23k | €-5k | €-20k | €3k | ▲ 117% |
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
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €4k ▼68.7%
Net result drops to €4k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €30k ▲98.1%
Operating result €35k, net result €30k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 3.10
Current ratio from 1.49 to 3.10; short-term debt falls from €53k to €24k.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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, Westerlo · 1 establishment unit since 2018
Ground area
1,263 m²
Building footprint
161 m²
Volume, LiDAR
1,098 m³
Parcel 13049A0761/00M000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Jorheco
since 20182.281.941.727
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13049A0761/00M000 | Flanders | 1,263 m² | 1 · 161 m² | 9.2 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 20,028 companies in sector 43320 we hold annual accounts for 9,133. 6,371 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
Founded16-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.