JOSEPHA
ActiveJOSEPHA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.32M and a net result of €32k. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 68% of 9098 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
71
/ 100
Healthy▲ +24 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability7▲+7
Solvency81=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.27 in 2024), and 46.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers 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
53.8%
Return on assets
0.8%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
21 d early
2023
78 d early
2022
47 d early
2021
32 d early
2020
33 d early
2019
29 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.32M▲ 1.4%
2024 · €2.29M
2018: €1.65M
2019: €1.66M
2020: €1.65M
2021: €1.61M
2022: €1.61M
2023: €2.32M
2024: €2.29M
2018 → 2025
Total assets
€4.32M▲ 0.6%
2024 · €4.29M
2018: €2.94M
2019: €2.57M
2020: €2.44M
2021: €2.40M
2022: €2.25M
2023: €3.96M
2024: €4.29M
2018 → 2025
Net result
€32k
2024 · €-38k
2018: €123k
2019: €9k
2020: €-3k
2021: €7k
2022: €14
2023: €-6k
2024: €-38k
2018 → 2025
Working capital
€597k▲ 10.6%
2024 · €540k
2018: €1.14M
2019: €1.14M
2020: €1.13M
2021: €1.08M
2022: €937k
2023: €1.04M
2024: €540k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.61M-€1.61M=€2.32M▲ 43.8%€2.29M▼ 1.2%€2.32M▲ 1.4%
Operating result€-1k-€-16k▼ 1,342%€-46k▼ 191%€-18k▲ 59.7%€78k
Net result€7k-€14▼ 99.8%€-6k€-38k▼ 499%€32k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €78k after a loss of €18k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.32M
Fixed assets
€1.75M▼ 1.6%
Current assets
€2.58M▲ 2.3%
Equity and liabilities €4.32M
Equity
€2.32M▲ 1.4%
Provisions
€19k▼ 9.6%
Debt
€1.98M▼ 0.1%
The debt ratio falls from 46.1% to 45.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€140k▲
2024 · €45k
Cash flow
€95k▲
2024 · €26k
Solvency
53.8%▲
2024 · 53.4%
Current ratio
1.30▲
2024 · 1.27
Quick ratio
1.30▲
2024 · 1.27
Debt / equity
0.85▼
2024 · 0.86
ROE
1.4%▲
2024 · -1.7%
ROA
0.8%▲
2024 · -0.9%
Interest coverage
1.08▲
2024 · 0.32
Debt
€1.98M▼
2024 · €1.98M
Debt ≤ 1 year
€1.98M=
2024 · €1.98M
Debt > 1 year
€0▼
2024 · €3k
Income taxes
€20k▲
2024 · €6k
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€4.29M€4.32M▲
Fixed assets21/28€1.77M€1.75M▼
Tangible fixed assets22/27€1.77M€1.74M▼
Land and buildings22€1.77M€1.68M▼
Plant, machinery and equipment23€2k€8k▲
Furniture and vehicles24€3k€60k▲
Financial fixed assets28€280€280=
Current assets29/58€2.52M€2.58M▲
Amounts receivable after more than one year29€225k€56k▼
Other amounts receivable291€225k€56k▼
Amounts receivable within one year40/41€2.01M€1.54M▼
Trade receivables40€2k€2k▼
Other amounts receivable41€2.01M€1.54M▼
Current investments50/53€101k€346k▲
Cash at bank and in hand54/58€171k€630k▲
Deferred charges and accrued income490/1€12k€2k▼
Equity and liabilities
Total equity and liabilities10/49€4.29M€4.32M▲
Equity10/15€2.29M€2.32M▲
Contributions10/11€569k€569k=
Capital10€569k€569k=
Issued capital100€569k€569k=
Reserves13€1.72M€1.75M▲
Non-distributable reserves130/1€54k€54k=
Legal reserve130€54k€54k=
Tax-exempt reserves132€63k€57k▼
Distributable reserves133€1.61M€1.64M▲
Provisions and deferred taxes16€21k€19k▼
Deferred taxes168€21k€19k▼
Amounts payable17/49€1.98M€1.98M▼
Amounts payable after more than one year17€3k€0▼
Financial debts170/4€3k€0▼
Amounts payable within one year42/48€1.98M€1.98M=
Current portion of amounts payable after more than one year42€30k€3k▼
Trade debts44€576€410▼
Suppliers440/4€576€410▼
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Other amounts payable47/48€1.94M€1.97M▲
Income statement
Code20242025
Non-recurring operating income76A€34k€128k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€62k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€0▼
Other operating charges640/8€22k€19k▼
Gross operating margin9900€73k€160k▲
Operating profit (loss)9901€-18k€78k▲
Financial income75/76B€113k€103k▼
Recurring financial income75€113k€103k▼
Financial charges65/66B€142k€130k▼
Recurring financial charges65€142k€130k▼
Profit (loss) for the period before taxes9903€-48k€51k▲
Transfer from deferred taxes780€16k€2k▼
Income taxes67/77€6k€20k▲
Profit (loss) for the period9904€-38k€32k▲
Transfer from tax-exempt reserves789€47k€6k▼
Profit (loss) for the period to be appropriated9905€9k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€38k▲
Transfer to equity691/2€9k€38k▲
To other reserves6921€9k€38k▲
The notes to these accounts (13 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €32k
Net result €32k after 2 loss-making years.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €2MEq €2.32M ▲43.8%
Equity rises from €1.61M to €2.32M.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Oostende · 1 establishment unit since 1991
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.
Generaal Jungbluthlaan 38400 OostendeGround area
147 m²
Building footprint
147 m²
Volume, LiDAR
1,203 m³
Parcel 35383C0368/00A003, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Generaal Jungbluthlaan 3, 8400 Oostende
since 19912.052.961.547
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35383C0368/00A003 | Flanders | 147 m² | 1 · 147 m² | 12.1 m · 3 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 56 EUR awarded · 56 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 56 EUR | 56 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,702 companies in sector 68310 we hold annual accounts for 6,876. 2,583 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-05-1991
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:059702276