JOSAN

Active

Public limited companyfounded 199728 yrs activeOngelberg 2, 2490 Balen, BelgiumKBO/BCE: BE 0461.995.855

Summary

The computed 12-month bankruptcy probability of JOSAN is 3.5% (moderate). The annual accounts of JOSAN for fiscal year 2025 show a net loss of 82% of the equity at the start of that year. The 2025 annual accounts show equity of €14,199 and a net result of -€276,349. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 23% of 922 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

JOSANActiveChecked score 47/100

Risk analysis Report Compare

Activity

Full-service restaurants

NACE 56111Wholesale of meat and meat products, excluding game and poultry NACE 46321

#6 company by total assets in Balen, Accommodation and food service sector2 sites

Size

€1.0mtotal assets 2025

Staff: 16.8 FTE
Equity: €14,199
Loss: -€276,349

Financial health

47 Fair Checked score 2025

Bankruptcy chance 12 m: 3.5%

Structure

Board: 1 member

Accounts filed 27 d late1 of 7 deeds read

Why 47- Loss of €276,349 (FY 2025)- Equity €14,199 (1.4% of total assets)- Sector Food and beverage service activities (NACE 56)- Size: 16.8 FTE, total assets €1.0mShow the evidence

Checked score

Score 2025

47 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 9% of its sector peers (NACE 56, small)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 26-26

equity 1.4% of total assets

Liquidity 18-12

short-term debt 74.8% · cash 7.1%

Profitability 0-57

return on assets -26.3%

Bankruptcy probability, 12 months

3.5% Moderate

0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (1,625 companies)

Last 24 months 11-2024: 0.6% 12-2024: 0.6%● 0.0% vs 11-2024 01-2025: 0.6%● 0.0% vs 12-2024 02-2025: 0.6%● 0.0% vs 01-2025 03-2025: 0.6%● 0.0% vs 02-2025 04-2025: 0.6%▲ +8.5% vs 03-2025 05-2025: 0.6%▲ +1.7% vs 04-2025 06-2025: 0.6%▼ -3.0% vs 05-2025 07-2025: 0.8%▲ +29.7% vs 06-2025 08-2025: 1.2%▲ +62.4% vs 07-2025 09-2025: 0.4%▼ -66.1% vs 08-2025lowest value 10-2025: 0.4%● 0.0% vs 09-2025lowest value 11-2025: 0.4%● 0.0% vs 10-2025lowest value 12-2025: 0.4%▲ +3.1% vs 11-2025 01-2026: 0.4%● 0.0% vs 12-2025 02-2026: 0.4%● 0.0% vs 01-2026 03-2026: 0.4%● 0.0% vs 02-2026 04-2026: 0.5%▲ +8.0% vs 03-2026 05-2026: 0.5%▲ +2.5% vs 04-2026 06-2026: 0.5%▼ -1.7% vs 05-2026 07-2026: 0.5%▲ +13.5% vs 06-2026 08-2026: 1.0%▲ +94.4% vs 07-2026 09-2026: 3.5%▲ +232% vs 08-2026highest value 10-2026: 3.5%● 0.0% vs 09-2026highest value

Loss of €276,349 (FY 2025) raises the probability
Equity €14,199 (1.4% of total assets) raises the probability
Sector Food and beverage service activities (NACE 56) raises the probability
Size: 16.8 FTE, total assets €1.0m raises the probability for this profile

Credit up to €500 at 30 days only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity short (current ratio 0.59 against 0.9 in 2024; short-term debt: 74.8% and cash: 7.1% of total assets), and 98.6% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 56, small). Better than this share of them on solvency 16%, liquidity 11%, profitability 4%, growth against the median 6%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Loss of €276,349 (FY 2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Equity €14,199 (1.4% of total assets)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Sector Food and beverage service activities (NACE 56)

In the bankruptcy model this factor raises the probability.

KBO

Size: 16.8 FTE, total assets €1.0m

In the bankruptcy model this factor raises the probability for this profile.

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 922 sector peers (2025).

NBB · sector comparison

Position among 922 sector peers

Solvency

better than 23%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 filings

Deviation from the deadline

2025

27 d late

2024

3 d early

2023

27 d late

2022

41 d early

2021

17 d early

2020

27 d late

2019

69 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (2)

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. Usually files around 28 July (4 of the last 5 filed years within 31 days of that day).

Companies Code · seven months

Position in the running window

05-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

27-08-26 Annual accounts filedfiscal year 2025 · full…
29-05-26 Appointment: Ferre Goris (director)State Gazette act
31-12-25 Weakest financial yearnet -€276,349

Key points

Caution: Equity fell in 2025from €338,044 to €14,199 ▼ 95.8% View
Caution: Among the weakest 5% on net resultsector median €10,134 · 922 companies -€276,349 View
New directorlatest change 01-04-2026 · 1 in office 1 joined View