JOSADIS
ActiveJOSADIS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.28M and a net result of €14k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 15% of 4512 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▼-5
Solvency27▼-10
Growth72▼-13
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.04 in 2024; short-term debt: 72.3% of total assets), and 98.2% 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
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
1.8%
Return on assets
0%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 4512 sector peers (2025).
NBB · sector comparisonPosition among 4512 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
5 d early
2023
6 d early
2022
6 d early
2021
8 d early
2020
2 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€9k▲ 68.7%
2018 · €5k
2018: €5k
2018 → 2019
EBIT margin
6576.5%▼ 4910.3pp
2018 · 11486.8%
2018: 11486.8%
2018 → 2019
Net result
€14k▼ 97.5%
2024 · €568k
2018: €-16k
2019: €-3k
2020: €-100k
2021: €180k
2022: €23k
2023: €209k
2024: €568k
2018 → 2025
Working capital
€-51.85M▼ 481%
2024 · €-8.92M
2018: €-8.57M
2019: €-8.80M
2020: €-11.26M
2021: €-12.28M
2022: €-13.72M
2023: €-8.97M
2024: €-8.92M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.34M-€3.37M▲ 0.7%€3.58M▲ 6.2%€4.14M▲ 15.9%€1.28M▼ 69.0%
Operating result€747k-€636k▼ 14.8%€1.14M▲ 78.9%€1.46M▲ 27.9%€1.54M▲ 5.6%
Net result€180k-€23k▼ 87.2%€209k▲ 812%€568k▲ 171%€14k▼ 97.5%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72.39M
Fixed assets
€71.92M▲ 114%
Current assets
€470k▲ 38.0%
Equity and liabilities €72.39M
Equity
€1.28M▼ 69.0%
Provisions
€280k▼ 7.0%
Debt
€70.82M▲ 140%
The debt ratio rises from 86.9% to 97.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2.41M▲
2024 · €2.29M
Cash flow
€888k▼
2024 · €1.40M
Solvency
1.8%▼
2024 · 12.2%
Current ratio
0.01▼
2024 · 0.04
Quick ratio
0.01▼
2024 · 0.04
Debt / equity
55.14▲
2024 · 7.13
ROE
1.1%▼
2024 · 13.7%
ROA
0.0%▼
2024 · 1.7%
Interest coverage
2.87▼
2024 · 3.29
Debt
€70.82M▲
2024 · €29.52M
Debt ≤ 1 year
€52.32M▲
2024 · €9.26M
Debt > 1 year
€17.57M▼
2024 · €19.20M
Income taxes
€74k▼
2024 · €192k
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€33.97M€72.39M▲
Fixed assets21/28€33.63M€71.92M▲
Intangible fixed assets21€51k€0▼
Tangible fixed assets22/27€13.93M€14.08M▲
Land and buildings22€12.41M€12.59M▲
Plant, machinery and equipment23€85k€85k▲
Furniture and vehicles24€393€314▼
Leasing and similar rights25€1.02M€914k▼
Other tangible fixed assets26€336k€336k=
Assets under construction and advance payments27€78k€152k▲
Financial fixed assets28€19.64M€57.84M▲
Affiliated companies280/1€19.60M€52.65M▲
Participating interests280€19.60M€52.65M▲
Other financial fixed assets284/8€40k€5.19M▲
Shares284€33k€5.18M▲
Amounts receivable and cash guarantees285/8€8k€8k=
Current assets29/58€341k€470k▲
Stocks and contracts in progress3-€0
Amounts receivable within one year40/41€200k€284k▲
Trade receivables40€132k€17k▼
Other amounts receivable41€69k€266k▲
Deferred charges and accrued income490/1€140k€186k▲
Equity and liabilities
Total equity and liabilities10/49€33.97M€72.39M▲
Equity10/15€4.14M€1.28M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€2.39M€1.15M▼
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€1.20M€1.14M▼
Distributable reserves133€1.18M€0▼
Profit (loss) carried forward14€1.69M€77k▼
Provisions and deferred taxes16€301k€280k▼
Deferred taxes168€301k€280k▼
Amounts payable17/49€29.52M€70.82M▲
Amounts payable after more than one year17€19.20M€17.57M▼
Financial debts170/4€19.20M€17.57M▼
Leasing and similar obligations172€114k€0▼
Credit institutions173€17.14M€15.62M▼
Other loans174€1.95M€1.95M=
Amounts payable within one year42/48€9.26M€52.32M▲
Current portion of amounts payable after more than one year42€2.62M€2.46M▼
Financial debts43€400k€400k=
Credit institutions430/8€400k€400k=
Trade debts44€163k€167k▲
Suppliers440/4€163k€167k▲
Taxes, remuneration and social security45€8k€46k▲
Taxes450/3€8k€46k▲
Other amounts payable47/48€6.07M€49.25M▲
Accrued charges and deferred income492/3€1.06M€940k▼
Income statement
Code20242025
Operating income70/76A€2.77M€2.87M▲
Other operating income74€2.68M€2.68M▼
Non-recurring operating income76A€84k€193k▲
Operating charges60/66A€1.31M€1.33M▲
Services and other goods61€304k€221k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€834k€874k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-59k€0▲
Other operating charges640/8€233k€238k▲
Operating profit (loss)9901€1.46M€1.54M▲
Financial income75/76B€955€37k▲
Recurring financial income75€955€2k▲
Income from current assets751€955€2k▲
Non-recurring financial income76B-€34k
Financial charges65/66B€718k€1.51M▲
Recurring financial charges65€718k€846k▲
Debt charges650€696k€841k▲
Other financial charges652/9€22k€6k▼
Non-recurring financial charges66B-€660k
Profit (loss) for the period before taxes9903€739k€67k▼
Transfer from deferred taxes780€21k€21k=
Income taxes67/77€192k€74k▼
Taxes670/3€192k€74k▼
Profit (loss) for the period9904€568k€14k▼
Transfer from tax-exempt reserves789€63k€63k=
Transfer to tax-exempt reserves689€299k€0▼
Profit (loss) for the period to be appropriated9905€332k€77k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.69M€1.77M▲
Profit (loss) brought forward from the previous period14P€1.36M€1.69M▲
Transfer from equity791/2-€1.18M
From reserves792-€1.18M
Profit to be distributed694/7-€2.87M
Return on contributions (dividend)694-€2.87M
The notes to these accounts (77 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
26-08
State Gazette act
RestructuringMerger · Accounting effect · Capital increase5 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Capital increase5 facts ▸
- Merger, 2026-08-14
- Accounting effect, 2026-07-01
- Capital increase, €12.799.983,67
- Real estate, 192 onroerende goederen (Goed sub 1 t/m Goed sub 192) gelegen te Dilsen-Stokkem, waaronder Kasteel Ommerstein en bijbehorende domeinen, met kadastrale referenti…
- Merger basis, voorafgaand aan de fusie alle aandelen van de Over te Nemen Vennootschap en de Overnemende Vennootschap in handen zijn van éénzelfde moedervennootschap
82.3% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
25-03
State Gazette act
Capital & sharesPower of attorney2 facts ▸
State Gazette act
Capital & shares
Power of attorney2 facts ▸
- Power of attorney, Arno Ciezkowski
- Power of attorney, Laure Mertens
2025
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Highest result since 2018net €568k ▲171%
Net result €568k, the highest in the series.
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Back to profitnet €180k
Net result €180k after 3 loss-making years.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Weakest financial yearnet €-100k
Net result drops to €-100k, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-04
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
11 acts for this company are in the Belgian State Gazette, of which we have read 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Dilsen-Stokkem · 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.
Kempenstraat 113650 Dilsen-StokkemGround area
932 m²
Building footprint
350 m²
Volume, LiDAR
2,209 m³
Parcel 72032B1038/00A002, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kempenstraat 11, 3650 Dilsen-Stokkem
since 19902.121.539.755
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72032B1038/00A002 | Flanders | 932 m² | 1 · 350 m² | 10.4 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.
Structure & network
Connections & network
5 connected companiesNetwork connections
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Show 1 more network connections
Shared address
→
Acquisitions and mergers
1 transactionTook over:OMMERSTEIN NV
Capital and shareholders
Capital increase of 12,799,983.67 EUR
Recognitions · licences · registrations
Legal Entity Identifier
549300QAC3BJ1PW16Q76
Similar companies · same sector, comparable size
LORCA
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VANDEVENNE INDUSTRIELE TECHNIEKEN
BE 0460.214.619
Lummen · Eq €1.29M
COBO
BE 0886.591.579
Malle · Eq €1.29M
IMMO BRUYNINX
BE 0426.455.649
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NEW IMMOSAM
BE 0659.818.051
Sint-Niklaas · Eq €1.29M
Of 9,139 companies in sector 68201 we hold annual accounts for 6,767. 4,669 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-12-1989
Fiscal year end30-09
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.