JoV CONVERT
ActiveSummary
JoV CONVERT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €984,307 and a net result of €2.1m. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 25% of 197 sector peers (NACE 13, fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · fiscal year 2025, abbreviated schema
2021 to 2025, 5 fiscal years 2019 to 2025, 7 fiscal years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 72% above 2024 and is the highest result in the available series.
What the company sold each fiscal 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.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Point at or tap 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 13, Manufacture of textiles, 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), Staff (FTE).
- 2025 Net result +72% on 2024. This fiscal year ran 18 months, the previous one 12.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.2% 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 497,472 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% | 1.0% |
| 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% 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 3,818 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 |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.08m | €0.1m | €0.1m | €0.4m | ▲ 193% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.07m | €0.07m | €0.06m | €0.03m | €0.03m | €0.03m | €0.07m | ▲ 130% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.01m | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.003m | €0.003m | €0.02m | ▲ 493% |
| Gross operating margin9900 | €0.8m | €0.8m | €1.3m | €1.4m | €1.4m | €1.4m | €2.6m | ▲ 85.5% |
| Operating profit (loss)9901 | €0.7m | €0.7m | €1.2m | €1.3m | €1.2m | €1.2m | €2.1m | ▲ 71.8% |
| Financial income75/76B | - | - | - | €0.004m | €0.008m | €0.05m | €0.08m | ▲ 55.4% |
| Recurring financial income75 | €0.02m | €0.01m | €0.005m | €0.004m | €0.008m | €0.05m | €0.08m | ▲ 55.4% |
| Financial charges65/66B | - | - | - | €0.02m | €0.02m | €0.01m | €0.03m | ▲ 116% |
| Recurring financial charges65 | €0.03m | €0.03m | €0.03m | €0.02m | €0.02m | €0.01m | €0.03m | ▲ 116% |
| Profit (loss) for the period before taxes9903 | €0.6m | €0.6m | €1.2m | €1.2m | €1.2m | €1.3m | €2.2m | ▲ 70.7% |
| Income taxes67/77 | €0.1m | €0.07m | €0.07m | €0.07m | €0.08m | €0.08m | €0.1m | ▲ 49.1% |
| Profit (loss) for the period9904 | €0.5m | €0.6m | €1.1m | €1.2m | €1.1m | €1.2m | €2.1m | ▲ 72.1% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.04m | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.5m | €0.6m | €1.1m | €1.2m | €1.1m | €1.2m | €2.1m | ▲ 72.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.5m | €2.5m | €3.4m | €3.5m | €3.0m | €3.1m | €4.1m | ▲ 33.5% |
| Fixed assets21/28 | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | €0.2m | ▲ 177% |
| Intangible fixed assets21 | €0.002m | - | - | €0.02m | €0.01m | €0.004m | - | - |
| Tangible fixed assets22/27 | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.2m | ▲ 193% |
| Land and buildings22 | - | - | - | €0.04m | €0.03m | €0.02m | €0.004m | ▼ 73.4% |
| Plant, machinery and equipment23 | - | - | - | €0.03m | €0.03m | €0.03m | €0.2m | ▲ 481% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.04m | €0.04m | €0.08m | ▲ 92.6% |
| Financial fixed assets28 | €25 | €25 | €0.002m | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €2.3m | €2.4m | €3.3m | €3.4m | €2.9m | €3.0m | €3.9m | ▲ 29.4% |
| Amounts receivable after more than one year29 | - | - | - | €0.3m | €1.0m | €0.9m | €0.2m | ▼ 81.4% |
| Other amounts receivable291 | - | - | - | €0.3m | €1.0m | €0.9m | €0.2m | ▼ 81.4% |
| Stocks and contracts in progress3 | - | €0.001m | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1.1m | €0.9m | €2.0m | €2.3m | €1.4m | €1.2m | €1.0m | ▼ 20.0% |
| Trade receivables40 | - | - | - | €1.3m | €1.1m | €1.0m | €0.8m | ▼ 18.4% |
| Other amounts receivable41 | - | - | - | €1.0m | €0.2m | €0.2m | €0.2m | ▼ 26.8% |
| Current investments50/53 | €0.9m | €1.2m | €0.9m | €0.2m | €0.1m | €0.3m | €2.2m | ▲ 517% |
| Cash at bank and in hand54/58 | €0.3m | €0.2m | €0.3m | €0.6m | €0.4m | €0.6m | €0.5m | ▼ 2.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.004m | €0.009m | €0.03m | ▲ 234% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.5m | €2.5m | €3.4m | €3.5m | €3.0m | €3.1m | €4.1m | ▲ 33.5% |
| Equity10/15 | €1.0m | €1.1m | €0.7m | €0.8m | €0.9m | €0.9m | €1.0m | ▲ 9.9% |
| Contributions10/11 | €0.4m | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.6m | €0.7m | €0.7m | €0.8m | €0.9m | €0.9m | €1.0m | ▲ 10.0% |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.8m | €0.8m | €0.9m | €1.0m | ▲ 10.2% |
| Amounts payable17/49 | €1.5m | €1.4m | €2.6m | €2.7m | €2.1m | €2.2m | €3.1m | ▲ 43.3% |
| Amounts payable after more than one year17 | €0.1m | €0.1m | €0.1m | - | - | - | €0.01m | - |
| Financial debts170/4 | - | - | - | - | - | - | €0.01m | - |
| Amounts payable within one year42/48 | €1.4m | €1.2m | €2.5m | €2.7m | €2.1m | €2.2m | €3.1m | ▲ 42.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €0.009m | - |
| Trade debts44 | €0.6m | €0.5m | €1.3m | €1.5m | €1.0m | €0.9m | €1.0m | ▲ 15.2% |
| Suppliers440/4 | - | - | - | €1.5m | €1.0m | €0.9m | €1.0m | ▲ 15.2% |
| Advances received on contracts in progress46 | - | - | - | €0.05m | €0.09m | €0.1m | €0.09m | ▼ 32.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.03m | €0.05m | €2.0m | ▲ 3,706% |
| Taxes450/3 | - | - | - | €0.002m | €0.02m | €0.04m | €0.1m | ▲ 114% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.01m | €0.006m | €1.9m | ▲ 28,487% |
| Other amounts payable47/48 | - | - | - | €1.1m | €1.0m | €1.1m | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.002m | - | €0.006m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.5m | €0.6m | €1.1m | €1.2m | €1.1m | €1.2m | €2.1m | ▲ 72.1% |
| + Depreciation and write-downs630 | €0.07m | €0.07m | €0.06m | €0.03m | €0.03m | €0.03m | €0.07m | ▲ 130% |
| Operating cash flow (approximation) | €0.6m | €0.6m | €1.2m | €1.2m | €1.2m | €1.2m | €2.1m | ▲ 73.5% |
| Investment in fixed assets (approximation) | - | -€0.01m | -€0.02m | -€0.05m | -€0.01m | -€0.007m | -€0.2m | ▼ 3,006% |
| Change in cash | - | -€0.07m | €0.1m | €0.3m | -€0.2m | €0.2m | -€0.02m | ▼ 110% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €45,760 awarded · €45,760 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €11,620 | €11,620 |
| 2024 | 1 | €11,640 | €11,640 |
| 2023 | 1 | €15,000 | €15,000 |
| 2022 | 1 | €7,500 | €7,500 |