JORIFOR
ActiveJORIFOR has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €375k and a net result of €-59k. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 67% of 9135 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8=
Solvency78▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.04 in 2024; short-term debt: 43.5% and cash: 0.8% of total assets), and 47% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 · 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-59k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 10 filingsDeviation from the deadline
2025
13 d late
2024
7 d late
2023
6 d early
2022
6 d early
2021
9 d late
2020
160 d late
2019
31 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-59k▲ 10.7%
2024 · €-66k
2018: €16k
2019: €34k
2020: €-50k
2021: €-51k
2022: €-29k
2023: €-288
2024: €-66k
2018 → 2025
Working capital
€-302k▼ 16.4%
2024 · €-259k
2018: €-116k
2019: €-70k
2020: €-95k
2021: €-258k
2022: €-236k
2023: €-222k
2024: €-259k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€528k-€500k▼ 5.4%€499k▼ 0.1%€434k▼ 13.2%€375k▼ 13.5%
Operating result€-43k-€-19k▲ 55.9%€-200▲ 98.9%€-74k▼ 37,044%€-58k▲ 21.6%
Net result€-51k-€-29k▲ 43.5%€-288▲ 99.0%€-66k▼ 22,717%€-59k▲ 10.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €58k in 2025 against €74k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €707k
Fixed assets
€701k▼ 4.1%
Current assets
€6k▼ 48.9%
Equity and liabilities €707k
Equity
€375k▼ 13.5%
Provisions
€12k▼ 27.8%
Debt
€319k▲ 9.7%
The debt ratio rises from 39.2% to 45.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-18k▲
2024 · €-26k
Cash flow
€-19k▼
2024 · €-18k
Solvency
53.0%▼
2024 · 58.4%
Current ratio
0.02▼
2024 · 0.04
Quick ratio
0.02▼
2024 · 0.04
Debt / equity
0.85▲
2024 · 0.67
ROE
-15.7%▼
2024 · -15.2%
ROA
-8.3%▲
2024 · -8.9%
Interest coverage
-49.87▲
2024 · -51.97
Debt
€319k▲
2024 · €291k
Debt ≤ 1 year
€307k▲
2024 · €270k
Debt > 1 year
€12k▼
2024 · €21k
Income taxes
€74▲
2024 · €-9k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€742k€707k▼
Fixed assets21/28€731k€701k▼
Tangible fixed assets22/27€731k€701k▼
Land and buildings22€731k€701k▼
Current assets29/58€11k€6k▼
Cash at bank and in hand54/58€11k€6k▼
Equity and liabilities
Total equity and liabilities10/49€742k€707k▼
Equity10/15€434k€375k▼
Contributions10/11€372k€372k=
Reserves13€14k€14k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14€48k€-11k▼
Provisions and deferred taxes16€17k€12k▼
Provisions for liabilities and charges160/5€17k€12k▼
Other liabilities and charges164/5€17k€12k▼
Amounts payable17/49€291k€319k▲
Amounts payable after more than one year17€21k€12k▼
Financial debts170/4€21k€12k▼
Amounts payable within one year42/48€270k€307k▲
Trade debts44€4k€936▼
Suppliers440/4€4k€936▼
Other amounts payable47/48€266k€306k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€40k▼
Other operating charges640/8€23k€24k▲
Gross operating margin9900€-3k€6k▲
Operating profit (loss)9901€-74k€-58k▲
Financial income75/76B€247-
Recurring financial income75€247-
Financial charges65/66B€507€367▼
Recurring financial charges65€507€367▼
Profit (loss) for the period before taxes9903€-75k€-59k▲
Income taxes67/77€-9k€74▲
Profit (loss) for the period9904€-66k€-59k▲
Profit (loss) for the period to be appropriated9905€-66k€-59k▲
Appropriation of the result
Profit (loss) to be appropriated9906€48k€-11k▼
Profit (loss) brought forward from the previous period14P€113k€48k▼
The notes to these accounts (7 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
11-09
State Gazette act
General meeting · Director reappointmentGeneral meeting · Director reappointment · Mandate compensation10 facts ▸
State Gazette act
General meeting · Director reappointment
General meeting · Director reappointment · Mandate compensation10 facts ▸
- General meeting, 2026-07-07
- Director reappointment, Jocelyne FORGE (administrateur)
- Director reappointment, Romain Christophe MOUKHAIBER (administrateur)
- Director reappointment, Sophie Hadia MOUKHAIBER (administrateur)
- Mandate compensation, Jocelyne FORGE
- Mandate compensation, Romain Christophe MOUKHAIBER
- Mandate compensation, Sophie Hadia MOUKHAIBER
- Director appointment, Jocelyne FORGE (administrateur delegue)
- Mandate compensation, Jocelyne FORGE
- Representation power, seul
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 7 days late
2024
31-12
Financial
Weakest financial yearnet €-66k
Net result drops to €-66k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 9 days late
07-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 160 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial
Highest result since 2018net €34k ▲121%
Operating result €42k, net result €34k, both a record.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 1 day late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26114546). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Jocelyne FORGE
CurrentAdministrateur delegue · since 02-05-2026
Romain Christophe MOUKHAIBER
CurrentDirector · since 02-05-2026
Sophie Hadia MOUKHAIBER
CurrentDirector · since 02-05-2026
07-07-2026
Jocelyne FORGE: Appointed as Administrateur delegue
02-05-2026
Jocelyne FORGE: Mandate renewed as Director
02-05-2026
Romain Christophe MOUKHAIBER: Mandate renewed as Director
02-05-2026
Sophie Hadia MOUKHAIBER: Mandate renewed as Director
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 1990
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.
Rue Darchis 154000 LiègeGround area
248 m²
Building footprint
90 m²
Volume, LiDAR
1,514 m³
Parcel 62803B0157/00K006, Wallonia · tallest building 19.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Rue Darchis 15, 4000 Liège
since 19902.050.135.085
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803B0157/00K006 | Wallonia | 248 m² | 1 · 90 m² | 19.3 m · 5 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
G.P.N.L.
BE 0425.316.492
Antwerpen · Eq €375k
NIEUWPOORTS PARKEREN
BE 0525.927.961
Brussel · Eq €375k
GOUPIMO
BE 1006.334.220
Thimister-Clermont · Eq €375k
IMMO BERKO
BE 0794.815.426
Lille · Eq €374k
SLIMVA
BE 1023.760.269
Essen · Eq €374k
Of 12,016 companies in sector 68203 we hold annual accounts for 5,983. 4,421 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-01-1990
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.