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Jotun

Active
Private limited company (pre-2019)founded 201115 yrs activeSorbrechtshofstraat 11, 2650 Edegem, BelgiumKBO/BCE: BE 0832.745.097
Summary

For Jotun, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €342,922 and a net result of -€55,989. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 63% of 18489 sector peers (fiscal year 2023). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability4▼-61
Solvency96▼-4
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023
Solvency, return and age of the figures
Solvency
71.2%
Return on assets
-11.6%
Age of the figures
39 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
30-06-2024 close31-01-2025 deadline30-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 16-04-2025, 441 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
441 d late
2022
806 d late
2021
on the day
2020
on the day
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 249 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

Jotun was incorporated on 13 January 2011.1 Total assets went from EUR 473,284 in 2019 to EUR 481,532 in 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2023

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Financials · fiscal year 2023, micro schema

Equity
€342,922▼ 14.0%
2022 · €398,911
Total assets
€481,532▼ 9.4%
2022 · €531,227
Net result
-€55,989▼ 259%
2022 · -€15,593
Working capital
€204,850▼ 18.5%
2022 · €251,396
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020202120222023
Operating result€95,570-€18,513▼ 80.6%€28,703▲ 55.0%-€14,421-€55,128▼ 282%
Net result€75,898-€19,422within the sector's middle half▼ 74.4%€19,001within the sector's middle half▼ 2.2%-€15,593below the sector's middle half-€55,989below the sector's middle half▼ 259%
Equity€376,081-€395,503above the sector's middle half▲ 5.2%€414,504above the sector's middle half▲ 4.8%€398,911above the sector's middle half▼ 3.8%€342,922above the sector's middle half▼ 14.0%
Total assets€473,284-€549,232above the sector's middle half▲ 16.0%€584,959above the sector's middle half▲ 6.5%€531,227above the sector's middle half▼ 9.2%€481,532above the sector's middle half▼ 9.4%
Debt€97,203-€153,729▲ 58.2%€170,455▲ 10.9%€132,316▼ 22.4%€138,610▲ 4.8%
Working capital€291,207-€315,923above the sector's middle half▲ 8.5%€259,143above the sector's middle half▼ 18.0%€251,396above the sector's middle half▼ 3.0%€204,850above the sector's middle half▼ 18.5%
Solvency79.5%-72.0%within the sector's middle half▼ 7.5pp70.9%within the sector's middle half▼ 1.1pp75.1%within the sector's middle half▲ 4.2pp71.2%within the sector's middle half▼ 3.9pp
Current ratio4.69-3.18within the sector's middle half▼ 1.513.19within the sector's middle half▲ 0.013.48within the sector's middle half▲ 0.282.58within the sector's middle half▼ 0.89
Return on assets (ROA)16.0%-3.5%within the sector's middle half▼ 12.5pp3.2%below the sector's middle half▼ 0.3pp-2.9%below the sector's middle half▼ 6.2pp-11.6%below the sector's middle half▼ 8.7pp
above within below the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000€100,000Operating result 2019: €95,570€95,570Net result 2019: €75,898€75,898Operating result 2020: €18,513€18,513Net result 2020: €19,422€19,422Operating result 2021: €28,703€28,703Net result 2021: €19,001€19,001Operating result 2022: -€14,421-€14,421Net result 2022: -€15,593-€15,593Operating result 2023: -€55,128-€55,128Net result 2023: -€55,989-€55,98920192020202120222023-€75,000-€50,000-€25,000€0€25,000Operating result 2021: €28,703€28,700Net result 2021: €19,001€19,000Operating result 2022: -€14,421-€14,400Net result 2022: -€15,593-€15,600Operating result 2023: -€55,128-€55,100Net result 2023: -€55,989-€56,000202120222023
The operating result stays negative: a loss of €55,128 in 2023 against €14,421 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €481,532
Fixed assets €147,171 ▼ 17.4%
Current assets €334,361 ▼ 5.3%
Equity and liabilities €481,532
Equity €342,922 ▼ 14.0%
Debt €138,610 ▲ 4.8%
Debt's share of the balance-sheet total rises from 24.9% to 28.8%. Equity is lower and debt is higher.
Key figures and ratios
2023 value · change against 2022
EBITDA
-€24,028▼
2022 · €16,597
Cash flow
-€24,889▼
2022 · €15,425
Debt to equity
0.40▲
2022 · 0.33
ROE
-16.3%▼
2022 · -3.9%
Interest coverage
-27.91▼
2022 · 14.16
Debt ≤ 1 year
€129,511▲
2022 · €101,560
Debt > 1 year
€9,099▼
2022 · €30,756
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 45 lines
Balance sheet Code20222023
Assets
Total assets20/58€531,227€481,532▼
Fixed assets21/28€178,271€147,171▼
Tangible fixed assets22/27€178,271€147,171▼
Land and buildings22€76,985€75,032▼
Plant, machinery and equipment23€32,203€22,315▼
Furniture and vehicles24€69,083€49,824▼
Current assets29/58€352,956€334,361▼
Amounts receivable after more than one year29€3,250€3,250=
Other amounts receivable291€3,250€3,250=
Amounts receivable within one year40/41€246,001€238,035▼
Trade receivables40€44,016€32,424▼
Other amounts receivable41€201,985€205,611▲
Cash at bank and in hand54/58€103,705€93,076▼
Equity and liabilities
Total equity and liabilities10/49€531,227€481,532▼
Equity10/15€398,911€342,922▼
Contributions10/11€6,200€6,200=
Reserves13€392,711€336,722▼
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Tax-exempt reserves132€18,600€18,600=
Distributable reserves133€372,251€316,262▼
Amounts payable17/49€132,316€138,610▲
Amounts payable after more than one year17€30,756€9,099▼
Financial debts170/4€30,756€9,099▼
Amounts payable within one year42/48€101,560€129,511▲
Financial debts43€21,403€21,656▲
Credit institutions430/8€21,403€21,656▲
Trade debts44-€6,827
Suppliers440/4-€6,827
Taxes, remuneration and social security45€2,500€2,500=
Taxes450/3€292€257▼
Remuneration and social security454/9€2,208€2,243▲
Other amounts payable47/48€77,657€98,528▲
Income statement Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31,018€31,100▲
Other operating charges640/8€749€833▲
Non-recurring operating charges66A€3,200-
Gross operating margin9900€20,546-€23,195▼
Operating profit (loss)9901-€14,421-€55,128▼
Financial charges65/66B€1,172€861▼
Recurring financial charges65€1,172€861▼
Profit (loss) for the period before taxes9903-€15,593-€55,989▼
Profit (loss) for the period9904-€15,593-€55,989▼
Profit (loss) for the period to be appropriated9905-€15,593-€55,989▼
Appropriation of the result
Profit (loss) to be appropriated9906-€15,593-€55,989▼
Transfer from equity791/2€15,593€55,989▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,023€10,592€17,788€31,018€31,100▲ 0.3%
Other operating charges640/8---€749€833▲ 11.2%
Non-recurring operating charges66A---€3,200--
Gross operating margin9900€109,808€42,870€47,899€20,546-€23,195▼ 213%
Operating profit (loss)9901€95,570€18,513€28,703-€14,421-€55,128▼ 282%
Recurring financial income75€7,905€10,731€78---
Financial charges65/66B---€1,172€861▼ 26.5%
Recurring financial charges65€853€668€1,418€1,172€861▼ 26.5%
Profit (loss) for the period before taxes9903€102,622€28,576€27,363-€15,593-€55,989▼ 259%
Income taxes67/77€26,724€9,154€8,362---
Profit (loss) for the period9904€75,898€19,422€19,001-€15,593-€55,989▼ 259%
Profit (loss) for the period to be appropriated9905€75,898€19,422€19,001-€15,593-€55,989▼ 259%
Line20192020202120222023Change
Assets
Total assets20/58€473,284€549,232€584,959€531,227€481,532▼ 9.4%
Fixed assets21/28€103,174€88,414€207,521€178,271€147,171▼ 17.4%
Tangible fixed assets22/27€103,174€88,414€207,521€178,271€147,171▼ 17.4%
Land and buildings22---€76,985€75,032▼ 2.5%
Plant, machinery and equipment23---€32,203€22,315▼ 30.7%
Furniture and vehicles24---€69,083€49,824▼ 27.9%
Current assets29/58€370,110€460,818€377,438€352,956€334,361▼ 5.3%
Amounts receivable after more than one year29---€3,250€3,250=
Other amounts receivable291---€3,250€3,250=
Stocks and contracts in progress3--€140---
Amounts receivable within one year40/41€85,674€23,468€206,609€246,001€238,035▼ 3.2%
Trade receivables40---€44,016€32,424▼ 26.3%
Other amounts receivable41---€201,985€205,611▲ 1.8%
Current investments50/53-€75,000€25,000---
Cash at bank and in hand54/58€284,436€359,100€138,922€103,705€93,076▼ 10.2%
Equity and liabilities
Total equity and liabilities10/49€473,284€549,232€584,959€531,227€481,532▼ 9.4%
Equity10/15€376,081€395,503€414,504€398,911€342,922▼ 14.0%
Contributions10/11€6,200--€6,200€6,200=
Reserves13€369,881€389,303€408,304€392,711€336,722▼ 14.3%
Non-distributable reserves130/1---€1,860€1,860=
Reserves not available under the articles1311---€1,860€1,860=
Tax-exempt reserves132---€18,600€18,600=
Distributable reserves133---€372,251€316,262▼ 15.0%
Amounts payable17/49€97,203€153,729€170,455€132,316€138,610▲ 4.8%
Amounts payable after more than one year17€18,300€8,834€52,160€30,756€9,099▼ 70.4%
Financial debts170/4---€30,756€9,099▼ 70.4%
Amounts payable within one year42/48€78,903€144,895€118,295€101,560€129,511▲ 27.5%
Financial debts43---€21,403€21,656▲ 1.2%
Credit institutions430/8---€21,403€21,656▲ 1.2%
Trade debts44€12,298€44,426€12,253-€6,827-
Suppliers440/4----€6,827-
Taxes, remuneration and social security45---€2,500€2,500=
Taxes450/3---€292€257▼ 12.0%
Remuneration and social security454/9---€2,208€2,243▲ 1.6%
Other amounts payable47/48---€77,657€98,528▲ 26.9%
Line20192020202120222023Change
Profit (loss) for the period9904€75,898€19,422€19,001-€15,593-€55,989▼ 259%
+ Depreciation and write-downs630€13,023€10,592€17,788€31,018€31,100▲ 0.3%
Operating cash flow (approximation)€88,921€30,014€36,789€15,425-€24,889▼ 261%
Investment in fixed assets (approximation)-€4,168-€136,895-€1,768€0▲ 100%
Change in cash-€74,664-€220,178-€35,217-€10,629▲ 69.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
16-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 441 days late
16-04
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 806 days late
2023
30-06
Financial Weakest financial yearnet -€55,989
Net result drops to -€55,989, the lowest in the series.
2022
31-01
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
20-02
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
19-02
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 19 days late
2017
22-02
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
2016
29-01
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-01
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Edegem · 1 establishment unit since 2011
seat establishment The establishment unit on the map
Ground area
152 m²
Building footprint
152 m²
Volume, LiDAR
1,402 m³
Parcel 11013A0258/00M004, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Jotun
Sorbrechtshofstraat 11, 2650 EdegemComputer programming, consultancy and related activities
since 20112.194.914.515
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11013A0258/00M004 Flanders 152 m² 1 · 152 m² 10.2 m · 3 fl.
Linked by address, not proof of ownership
Good to know
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

Of 29,996 companies in sector 62200 we hold annual accounts for 18,397. 13,351 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded13-01-2011
Fiscal year end30-06
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID 0208:0832745097
Also 9925:BE0832745097
Registered 23-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.