JOSIAN
ActiveSummary
JOSIAN has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €598,309 and a net result of €27,076. Equity is growing by about 2.8% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €598,309
- Profit
- €27,076
Why 94raises riskFounded in 1994Liquidity: current ratio 4.07, cash €85,106, halvedlowers riskSize: total assets €1.1mLegal form: public limited companyShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 46% on solvency, 56% on liquidity, 40% on profitability and 60% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 23 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (21 days) Filed on 21 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00116512.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 34% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,766 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €16,000 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,409 | €24,919 | €33,093 | €29,998 | €28,330 | €28,634 | €37,931 | ▲ 32.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €50,000 | -€50,000 | - | - | - | - |
| Other operating charges640/8 | - | - | €10,618 | €9,817 | €13,299 | €12,329 | €12,955 | ▲ 5.1% |
| Gross operating margin9900 | €72,265 | €67,236 | €84,399 | €58,622 | €85,150 | €83,712 | €108,033 | ▲ 29.1% |
| Operating profit (loss)9901 | €37,115 | €31,861 | -€9,312 | €68,808 | €43,522 | €42,749 | €57,147 | ▲ 33.7% |
| Financial income75/76B | - | - | €8,428 | €4,805 | €3,735 | €3,895 | €1,475 | ▼ 62.1% |
| Recurring financial income75 | €7,648 | €5,064 | €8,428 | €4,805 | €3,735 | €3,895 | €1,475 | ▼ 62.1% |
| Financial charges65/66B | - | - | €19,237 | €25,881 | €24,122 | €21,074 | €21,095 | ▲ 0.1% |
| Recurring financial charges65 | €29,683 | €21,334 | €19,237 | €25,881 | €24,122 | €21,074 | €21,095 | ▲ 0.1% |
| Profit (loss) for the period before taxes9903 | €15,079 | €15,592 | -€20,122 | €47,732 | €23,135 | €25,570 | €37,527 | ▲ 46.8% |
| Transfer from deferred taxes780 | - | - | €3,365 | €2,745 | €2,984 | €2,370 | €2,260 | ▼ 4.6% |
| Income taxes67/77 | €6,236 | €6,349 | - | €17,609 | €2,112 | €10,168 | €12,712 | ▲ 25.0% |
| Profit (loss) for the period9904 | €10,422 | €10,821 | -€16,757 | €32,868 | €24,006 | €17,771 | €27,076 | ▲ 52.4% |
| Transfer from tax-exempt reserves789 | - | - | €10,094 | €8,235 | €8,951 | €7,109 | €6,781 | ▼ 4.6% |
| Profit (loss) for the period to be appropriated9905 | €14,179 | €14,579 | -€6,663 | €41,103 | €32,957 | €24,880 | €33,857 | ▲ 36.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.0m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 6.8% |
| Fixed assets21/28 | €0.5m | €0.5m | €0.6m | €0.6m | €0.6m | €0.6m | €0.7m | ▲ 14.7% |
| Tangible fixed assets22/27 | €0.5m | €0.5m | €0.6m | €0.6m | €0.6m | €0.6m | €0.7m | ▲ 14.7% |
| Land and buildings22 | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.7m | ▲ 14.6% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.002m | €0.002m | ▼ 23.9% |
| Furniture and vehicles24 | - | - | - | - | €0.001m | €0.002m | €0.004m | ▲ 131% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | - | - | - |
| Current assets29/58 | €0.5m | €0.6m | €0.5m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 5.1% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 10.3% |
| Trade receivables40 | - | - | €0.02m | €0.02m | €0.03m | €0.006m | €0.04m | ▲ 645% |
| Other amounts receivable41 | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 30.8% |
| Current investments50/53 | €0.05m | €0.05m | €0.05m | €0.04m | €0.04m | €0.04m | €0.1m | ▲ 229% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.09m | ▼ 55.2% |
| Deferred charges and accrued income490/1 | - | - | €0.003m | €0.001m | €0.004m | €0.001m | €0.004m | ▲ 499% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.0m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 6.8% |
| Equity10/15 | €0.5m | €0.5m | €0.5m | €0.5m | €0.6m | €0.6m | €0.6m | ▲ 4.7% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.5m | €0.5m | ▲ 5.3% |
| Non-distributable reserves130/1 | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Legal reserve130 | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Tax-exempt reserves132 | - | - | €0.06m | €0.06m | €0.05m | €0.04m | €0.03m | ▼ 17.4% |
| Distributable reserves133 | - | - | - | - | - | €0.4m | €0.4m | ▲ 8.4% |
| Profit (loss) carried forward14 | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | - | - | - |
| Provisions and deferred taxes16 | €0.03m | €0.03m | €0.07m | €0.02m | €0.02m | €0.01m | €0.01m | ▼ 17.4% |
| Provisions for liabilities and charges160/5 | - | - | €0.05m | - | - | - | - | - |
| Major repairs and maintenance162 | - | - | €0.05m | - | - | - | - | - |
| Deferred taxes168 | - | - | €0.02m | €0.02m | €0.02m | €0.01m | €0.01m | ▼ 17.4% |
| Amounts payable17/49 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 9.8% |
| Amounts payable after more than one year17 | €0.5m | €0.5m | €0.5m | €0.5m | €0.4m | €0.4m | €0.4m | = |
| Financial debts170/4 | - | - | €0.5m | €0.5m | €0.4m | €0.4m | €0.4m | = |
| Amounts payable within one year42/48 | €0.03m | €0.04m | €0.04m | €0.03m | €0.04m | €0.05m | €0.1m | ▲ 121% |
| Trade debts44 | €0.003m | €0.02m | €0.02m | €0.01m | €0.01m | €0.02m | €0.06m | ▲ 247% |
| Suppliers440/4 | - | - | €0.02m | €0.01m | €0.01m | €0.02m | €0.06m | ▲ 247% |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | - | - | €0.01m | - |
| Taxes450/3 | - | - | - | €0.001m | - | - | €0.01m | - |
| Other amounts payable47/48 | - | - | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | ▼ 9.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.02m | €0.007m | €1 | ▼ 100.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,422 | €10,821 | -€16,757 | €32,868 | €24,006 | €17,771 | €27,076 | ▲ 52.4% |
| + Depreciation and write-downs630 | €25,409 | €24,919 | €33,093 | €29,998 | €28,330 | €28,634 | €37,931 | ▲ 32.5% |
| Operating cash flow (approximation) | €35,831 | €35,740 | €16,337 | €62,865 | €52,336 | €46,405 | €65,007 | ▲ 40.1% |
| Investment in fixed assets (approximation) | - | €0 | -€83,834 | -€60,223 | -€56,369 | -€53,717 | -€132,979 | ▼ 148% |
| Change in cash | - | €45,623 | -€38,583 | €54,848 | -€42,689 | €1,181 | -€104,754 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 21-05-2026 | 2026-00116512 |
| 30-09-2024 | micro format | 07-04-2025 | 2025-00064612 |
| 30-09-2023 | micro format | 25-03-2024 | 2024-00048579 |
| 30-09-2022 | micro format | 31-03-2023 | 2023-00049522 |
| 30-09-2021 | micro format | 24-05-2022 | 2022-20045374 |
| 30-09-2020 | micro format | 06-04-2021 | 2021-09800337 |
| 30-09-2019 | micro format | 29-01-2020 | 2020-02600358 |
| 30-09-2018 | micro format | 31-01-2019 | 2019-04100518 |
| 30-09-2017 | micro format | 25-01-2018 | 2018-02200471 |
| 30-09-2016 | abbreviated format | 01-02-2017 | 2017-03600179 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Day-to-day management 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| An Van Kerckhoven |
|
| Sidonia Verlinden |
|
Owners and capital
Capital and shareholders
- 08-01-2024 Capital stated in the deed · €62,000
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
08-01
Gazette deed
Resignations: An Van Kerckhoven (director) and Sidonia Verlinden (director)Appointment: An Van Kerckhoven (director) · Purpose change · Registered-office move15 facts ▸
- General meeting, 13-12-2023
- Other provision, “eenparigheid van stemmen, vrijstelling lezing bestuursorgaanverslag” (deed in Dutch)
- Purpose change
- Registered-office move
- Amendment of the articles (2 times)
- Capital, €62,000
- Director resignation, An Van Kerckhoven (director)
- Director resignation, Sidonia Verlinden (director)
- Director discharge, An Van Kerckhoven
- Director discharge, Sidonia Verlinden
- Director appointment, An Van Kerckhoven (director (not named in the articles))
- Board meeting, “raad van bestuur” (deed in Dutch)
- +3 further facts in this act
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11002A0837/00B000 | Flanders | 451 m² | 1 · 200 m² | 16.1 m · 4 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- JOSIAN
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- A managing director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Zes jaar, minimumaantal volgens toepasselijke wettelijke bepalingen” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Eenparigheid van stemmen, aandelen, geheel noch gedeeltelijk, ten bezwarende titel, aan om het even wie” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Wednesday of March at 19:00