JOVALAN
ActiveSummary
JOVALAN has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109k and a net result of €-5k. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 81% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-51
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 5.46 against 5.85 in 2024; short-term debt: 18.1% and cash: 93.7% of total assets), and 18.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 filingsDeviation from the deadline
2025
25 d late
2024
53 d late
2023
55 d late
2022
25 d late
2021
10 d late
2020
20 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€14k
EBIT margin
12.1%
Net result
€-5k
2024 · €15k
2018: €7k
2019: €7k▲ +0.5% vs 2018
2020: €2k▼ -78.6% vs 2019
2021: €5k▲ +229% vs 2020
2022: €7k▲ +36.0% vs 2021
2023: €14k▲ +94.3% vs 2022
2024: €15k▲ +8.7% vs 2023highest in 8 years
2025: €-5k▼ -133% vs 2024lowest in 8 years
2018 → 2025
Working capital
€107k▼ 5.8%
2024 · €114k
2018: €130khighest in 8 years
2019: €120k▼ -7.4% vs 2018
2020: €93k▼ -22.4% vs 2019
2021: €92k▼ -0.9% vs 2020
2022: €89k▼ -3.0% vs 2021lowest in 8 years
2023: €99k▲ +10.6% vs 2022
2024: €114k▲ +15.2% vs 2023
2025: €107k▼ -5.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€97k-€92k▼ 5.5%€99k▲ 7.5%€114k▲ 15.2%€109k▼ 4.4%
2021: €97k
2022: €92k▼ -5.5% vs 2021lowest in 5 years
2023: €99k▲ +7.5% vs 2022
2024: €114k▲ +15.2% vs 2023highest in 5 years
2025: €109k▼ -4.4% vs 2024
Operating result€8k-€11k▲ 37.9%€21k▲ 94.3%€20k▼ 1.4%€-6k
2021: €8k
2022: €11k▲ +37.9% vs 2021
2023: €21k▲ +94.3% vs 2022highest in 5 years
2024: €20k▼ -1.4% vs 2023
2025: €-6k▼ -130% vs 2024lowest in 5 years
Net result€5k-€7k▲ 36.0%€14k▲ 94.3%€15k▲ 8.7%€-5k
2021: €5k
2022: €7k▲ +36.0% vs 2021
2023: €14k▲ +94.3% vs 2022
2024: €15k▲ +8.7% vs 2023highest in 5 years
2025: €-5k▼ -133% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6k after €20k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €133k
Fixed assets
€2k
Current assets
€131k
Equity and liabilities €133k
Equity
€109k ▼ 4.4%
Debt
€24k ▲ 2.3%
Debt's share of the balance-sheet total rises from 17.1% to 18.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-6k
Cash flow
€-5k
Current ratio
5.46▼
2024 · 5.85
Debt to equity
0.22▲
2024 · 0.21
ROE
-4.6%▼
2024 · 13.2%
ROA
-3.7%▼
2024 · 11.0%
Interest coverage
-74.95
Debt ≤ 1 year
€24k▲
2024 · €24k
Income taxes
€0▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€138k€133k▼
Fixed assets21/28-€2k
Tangible fixed assets22/27-€2k
Plant, machinery and equipment23-€0
Furniture and vehicles24-€2k
Current assets29/58€138k€131k▼
Amounts receivable within one year40/41€5k€7k▲
Trade receivables40€2k€3k▲
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€132k€125k▼
Equity and liabilities
Total equity and liabilities10/49€138k€133k▼
Equity10/15€114k€109k▼
Contributions10/11€55k€55k=
Reserves13€59k€59k=
Non-distributable reserves130/1-€5k
Reserves not available under the articles1311-€5k
Distributable reserves133€59k€53k▼
Profit (loss) carried forward14€408€-5k▼
Amounts payable17/49€24k€24k▲
Amounts payable within one year42/48€24k€24k▲
Trade debts44€4k€4k▼
Suppliers440/4€4k€4k▼
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3€6k€7k▲
Other amounts payable47/48€14k€14k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€212
Other operating charges640/8€738€462▼
Gross operating margin9900€21k€-5k▼
Operating profit (loss)9901€20k€-6k▼
Financial income75/76B€516€1k▲
Recurring financial income75€516€1k▲
Financial charges65/66B€0€79▲
Recurring financial charges65€0€79▲
Profit (loss) for the period before taxes9903€21k€-5k▼
Income taxes67/77€6k€0▼
Profit (loss) for the period9904€15k€-5k▼
Profit (loss) for the period to be appropriated9905€15k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€-5k▼
Profit (loss) brought forward from the previous period14P€408€408=
Transfer to equity691/2€15k-
To other reserves6921€15k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | - | €212 | - |
| Other operating charges640/8 | €592 | €629 | €629 | €738 | €462 | ▼ 37.4% |
| Gross operating margin9900 | €11k | €14k | €24k | €21k | €-5k | ▼ 126% |
| Operating profit (loss)9901 | €8k | €11k | €21k | €20k | €-6k | ▼ 130% |
| Financial income75/76B | €7 | €0 | - | €516 | €1k | ▲ 139% |
| Recurring financial income75 | €7 | €0 | - | €516 | €1k | ▲ 139% |
| Financial charges65/66B | €1 | €52 | €11 | €0 | €79 | ▲ 394,850% |
| Recurring financial charges65 | €1 | €52 | €11 | €0 | €79 | ▲ 394,850% |
| Profit (loss) for the period before taxes9903 | €8k | €11k | €21k | €21k | €-5k | ▼ 124% |
| Income taxes67/77 | €2k | €3k | €7k | €6k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €5k | €7k | €14k | €15k | €-5k | ▼ 133% |
| Profit (loss) for the period to be appropriated9905 | €5k | €7k | €14k | €15k | €-5k | ▼ 133% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €165k | €134k | €122k | €138k | €133k | ▼ 3.2% |
| Fixed assets21/28 | €5k | €3k | - | - | €2k | - |
| Tangible fixed assets22/27 | €5k | €3k | - | - | €2k | - |
| Plant, machinery and equipment23 | €5k | €3k | - | - | €0 | - |
| Furniture and vehicles24 | - | - | - | - | €2k | - |
| Current assets29/58 | €160k | €132k | €122k | €138k | €131k | ▼ 4.4% |
| Amounts receivable within one year40/41 | €15k | €11k | €11k | €5k | €7k | ▲ 29.3% |
| Trade receivables40 | €15k | €10k | €9k | €2k | €3k | ▲ 59.1% |
| Other amounts receivable41 | €35 | €555 | €2k | €3k | €4k | ▲ 11.4% |
| Cash at bank and in hand54/58 | €145k | €121k | €111k | €132k | €125k | ▼ 5.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €165k | €134k | €122k | €138k | €133k | ▼ 3.2% |
| Equity10/15 | €97k | €92k | €99k | €114k | €109k | ▼ 4.4% |
| Contributions10/11 | €55k | €55k | €55k | €55k | €55k | = |
| Reserves13 | €42k | €37k | €44k | €59k | €59k | = |
| Non-distributable reserves130/1 | €5k | €5k | - | - | €5k | - |
| Reserves not available under the articles1311 | €5k | €5k | - | - | €5k | - |
| Distributable reserves133 | €37k | €32k | €44k | €59k | €53k | ▼ 9.1% |
| Profit (loss) carried forward14 | €197 | €337 | €408 | €408 | €-5k | ▼ 1,220% |
| Amounts payable17/49 | €67k | €42k | €23k | €24k | €24k | ▲ 2.3% |
| Amounts payable within one year42/48 | €67k | €42k | €23k | €24k | €24k | ▲ 2.3% |
| Trade debts44 | €6k | €9k | €2k | €4k | €4k | ▼ 16.0% |
| Suppliers440/4 | €6k | €9k | €2k | €4k | €4k | ▼ 16.0% |
| Taxes, remuneration and social security45 | €6k | €1k | €5k | €6k | €7k | ▲ 18.0% |
| Taxes450/3 | €6k | €1k | €5k | €6k | €7k | ▲ 18.0% |
| Other amounts payable47/48 | €56k | €32k | €16k | €14k | €14k | ▲ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €7k | €14k | €15k | €-5k | ▼ 133% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | - | €212 | - |
| Operating cash flow (approximation) | €8k | €10k | €16k | €15k | €-5k | ▼ 132% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €-24k | €-10k | €21k | €-8k | ▼ 136% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series.
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
31-12
Financial
Highest result since 2018net €15k ▲8.7%
Net result €15k, the highest in the series.
31-12
Financial
Equity above €100kEq €114k ▲15.2%
7 profitable years in a row build equity to €114k.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Sint-Truiden · 1 establishment unit since 1997
Ground area
205 m²
Building footprint
142 m²
Volume, LiDAR
1,711 m³
Parcel 71053H0280/00F002, Flanders · tallest building 16.7 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LANDMETER-EXPERT VANMECHELEN J
since 19972.084.703.709
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71053H0280/00F002 | Flanders | 205 m² | 1 · 141 m² | 16.7 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 683 EUR awarded · 683 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 375 EUR | 413 EUR |
| 2022 | 1 | 308 EUR | 270 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,758 companies in sector 71122 we hold annual accounts for 771. 663 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
Founded16-12-1997
Fiscal year end31-12
Abbreviation NL
Kantoor J. Vanmechelen
Activities, NACEBEL 2025
71122Land surveying
66210Risk and damage evaluation
Contact
E-mail
jovalan@telenet.be
Phone
011/671190
Scores and ratios are computed by Checked and are not a credit decision.