Summary
JOVE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €195k and a net result of €27k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 75% of 3319 sector peers (fiscal year 2024). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d late
2023
on the day
2022
31 d early
2021
41 d early
2020
1 d early
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€195k▲ 16.3%
2023 · €168k
2018: €163klowest in 7 years
2019: €180k▲ +10.6% vs 2018
2020: €189k▲ +4.9% vs 2019
2021: €182k▼ -3.8% vs 2020
2022: €219k▲ +20.9% vs 2021highest in 7 years
2023: €168k▼ -23.7% vs 2022
2024: €195k▲ +16.3% vs 2023
2018 → 2024
Net result
€27k
2023 · €-52k
2018: €3k
2019: €17k▲ +408% vs 2018
2020: €9k▼ -48.8% vs 2019
2021: €-7k▼ -181% vs 2020
2022: €49k▲ +779% vs 2021highest in 7 years
2023: €-52k▼ -207% vs 2022lowest in 7 years
2024: €27k▲ +152% vs 2023
2018 → 2024
Total assets
€255k▲ 46.1%
2023 · €175k
2018: €285khighest in 7 years
2019: €227k▼ -20.2% vs 2018
2020: €214k▼ -5.6% vs 2019
2021: €185k▼ -13.5% vs 2020
2022: €227k▲ +22.4% vs 2021
2023: €175k▼ -23.1% vs 2022lowest in 7 years
2024: €255k▲ +46.1% vs 2023
2018 → 2024
Solvency
76.4%▼ 19.6pp
2023 · 96.0%
2018: 57.1%lowest in 7 years
2019: 79.2%▲ +38.7% vs 2018
2020: 88.0%▲ +11.1% vs 2019
2021: 97.9%▲ +11.2% vs 2020highest in 7 years
2022: 96.7%▼ -1.2% vs 2021
2023: 96.0%▼ -0.7% vs 2022
2024: 76.4%▼ -20.4% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€189k-€182k▼ 3.8%€219k▲ 20.9%€168k▼ 23.7%€195k▲ 16.3%
2020: €189k
2021: €182k▼ -3.8% vs 2020
2022: €219k▲ +20.9% vs 2021highest in 5 years
2023: €168k▼ -23.7% vs 2022lowest in 5 years
2024: €195k▲ +16.3% vs 2023
Operating result€6k-€-5k€70k€-36k€46k
2020: €6k
2021: €-5k▼ -192% vs 2020
2022: €70k▲ +1428% vs 2021highest in 5 years
2023: €-36k▼ -152% vs 2022lowest in 5 years
2024: €46k▲ +228% vs 2023
Net result€9k-€-7k€49k€-52k€27k
2020: €9k
2021: €-7k▼ -181% vs 2020
2022: €49k▲ +779% vs 2021highest in 5 years
2023: €-52k▼ -207% vs 2022lowest in 5 years
2024: €27k▲ +152% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €46k after a loss of €36k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €255k
Fixed assets
€89k ▲ 98.0%
Current assets
€166k ▲ 28.0%
Equity and liabilities €255k
Equity
€195k ▲ 16.3%
Debt
€60k ▲ 753%
Debt's share of the balance-sheet total rises from 4.0% to 23.6%. Equity and debt are higher.
Key figures and ratios
ROE
14.0%▲
2023 · -31.0%
ROA
10.7%▲
2023 · -29.8%
Debt ≤ 1 year
€60k▲
2023 · €5k
Income taxes
€16k▲
2023 · €14k
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 · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€175k€255k▲
Fixed assets21/28€45k€89k▲
Intangible fixed assets21-€49k
Tangible fixed assets22/27€45k€41k▼
Land and buildings22€33k€28k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€10k€11k▲
Current assets29/58€129k€166k▲
Amounts receivable within one year40/41€24k€45k▲
Trade receivables40€980€6k▲
Other amounts receivable41€23k€39k▲
Cash at bank and in hand54/58€77k€89k▲
Deferred charges and accrued income490/1€29k€32k▲
Equity and liabilities
Total equity and liabilities10/49€175k€255k▲
Equity10/15€168k€195k▲
Contributions10/11€19k€19k=
Reserves13€149k€176k▲
Distributable reserves133€149k€176k▲
Amounts payable17/49€7k€60k▲
Amounts payable within one year42/48€5k€60k▲
Trade debts44€993€51k▲
Suppliers440/4€993€51k▲
Taxes, remuneration and social security45€3k€9k▲
Taxes450/3€3k€9k▲
Remuneration and social security454/9-€5
Other amounts payable47/48€871-
Accrued charges and deferred income492/3€2k€101▼
Income statement
Code20232024
Non-recurring operating income76A€9k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€13k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€104k-
Gross operating margin9900€82k€60k▼
Operating profit (loss)9901€-36k€46k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-38k€44k▲
Income taxes67/77€14k€16k▲
Profit (loss) for the period9904€-52k€27k▲
Profit (loss) for the period to be appropriated9905€-52k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-52k€27k▲
Transfer from equity791/2€52k-
Transfer to equity691/2-€27k
To other reserves6921-€27k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3k | - | €9k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €38k | €17k | €12k | €13k | ▲ 4.9% |
| Other operating charges640/8 | - | €2k | €1k | €2k | €1k | ▼ 37.4% |
| Non-recurring operating charges66A | - | - | - | €104k | - | - |
| Gross operating margin9900 | €47k | €34k | €88k | €82k | €60k | ▼ 26.5% |
| Operating profit (loss)9901 | €6k | €-5k | €70k | €-36k | €46k | ▲ 228% |
| Financial income75/76B | - | - | €1 | €0 | - | - |
| Recurring financial income75 | €8k | - | €1 | €0 | - | - |
| Financial charges65/66B | - | €401 | €765 | €2k | €2k | ▲ 14.5% |
| Recurring financial charges65 | €652 | €401 | €765 | €2k | €2k | ▲ 14.5% |
| Profit (loss) for the period before taxes9903 | €13k | €-6k | €69k | €-38k | €44k | ▲ 214% |
| Income taxes67/77 | €4k | €2k | €20k | €14k | €16k | ▲ 19.2% |
| Profit (loss) for the period9904 | €9k | €-7k | €49k | €-52k | €27k | ▲ 152% |
| Profit (loss) for the period to be appropriated9905 | €9k | €-7k | €49k | €-52k | €27k | ▲ 152% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €214k | €185k | €227k | €175k | €255k | ▲ 46.1% |
| Fixed assets21/28 | €188k | €157k | €183k | €45k | €89k | ▲ 98.0% |
| Intangible fixed assets21 | €33k | - | - | - | €49k | - |
| Tangible fixed assets22/27 | €30k | €31k | €58k | €45k | €41k | ▼ 10.0% |
| Land and buildings22 | - | €25k | €39k | €33k | €28k | ▼ 16.0% |
| Plant, machinery and equipment23 | - | - | €2k | €2k | €1k | ▼ 26.7% |
| Furniture and vehicles24 | - | €6k | €16k | €10k | €11k | ▲ 13.3% |
| Financial fixed assets28 | €125k | €125k | €125k | - | - | - |
| Current assets29/58 | €27k | €29k | €44k | €129k | €166k | ▲ 28.0% |
| Amounts receivable within one year40/41 | €21k | €22k | €8k | €24k | €45k | ▲ 90.1% |
| Trade receivables40 | - | €15k | €48 | €980 | €6k | ▲ 492% |
| Other amounts receivable41 | - | €6k | €7k | €23k | €39k | ▲ 72.8% |
| Cash at bank and in hand54/58 | €3k | €5k | €11k | €77k | €89k | ▲ 15.6% |
| Deferred charges and accrued income490/1 | - | €2k | €26k | €29k | €32k | ▲ 10.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €214k | €185k | €227k | €175k | €255k | ▲ 46.1% |
| Equity10/15 | €189k | €182k | €219k | €168k | €195k | ▲ 16.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €144k | €144k | €201k | €149k | €176k | ▲ 18.3% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €142k | €199k | €149k | €176k | ▲ 18.3% |
| Profit (loss) carried forward14 | €26k | €19k | - | - | - | - |
| Amounts payable17/49 | €26k | €4k | €8k | €7k | €60k | ▲ 753% |
| Amounts payable within one year42/48 | €26k | €3k | €7k | €5k | €60k | ▲ 1,173% |
| Trade debts44 | €6k | €455 | €1k | €993 | €51k | ▲ 5,052% |
| Suppliers440/4 | - | €455 | €1k | €993 | €51k | ▲ 5,052% |
| Taxes, remuneration and social security45 | - | €3k | €3k | €3k | €9k | ▲ 216% |
| Taxes450/3 | - | €3k | €3k | €3k | €9k | ▲ 216% |
| Remuneration and social security454/9 | - | - | - | - | €5 | - |
| Other amounts payable47/48 | - | - | €3k | €871 | - | - |
| Accrued charges and deferred income492/3 | - | €569 | €745 | €2k | €101 | ▼ 95.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €-7k | €49k | €-52k | €27k | ▲ 152% |
| + Depreciation and write-downs630 | €39k | €38k | €17k | €12k | €13k | ▲ 4.9% |
| Operating cash flow (approximation) | €47k | €31k | €66k | €-40k | €40k | ▲ 202% |
| Investment in fixed assets (approximation) | - | €-7k | €-43k | €125k | €-57k | ▼ 146% |
| Change in cash | - | €3k | €5k | €66k | €12k | ▼ 82.0% |
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
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-52k
Net result drops to €-52k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 27.35
Current ratio from 6.45 to 27.35; short-term debt falls from €7k to €5k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €49k
Net result €49k after one loss-making year.
31-12
Financial
Equity above €200kEq €219k ▲20.9%
Equity rises from €182k to €219k.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 8current ratio 8.53
Current ratio from 1.04 to 8.53; short-term debt falls from €26k to €3k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
Show earlier events
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Tongeren-Borgloon · 1 establishment unit since 1997
Ground area
2,517 m²
Building footprint
138 m²
Volume, LiDAR
850 m³
Parcel 73003C0239/00P000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gilliswinhof 26, 3700 Tongeren-Borgloon
since 19972.080.408.785
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73003C0239/00P000 | Flanders | 2,517 m² | 1 · 138 m² | 9.0 m · 2 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.
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Of 4,677 companies in sector 66220 we hold annual accounts for 3,221. 2,820 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
Founded18-12-1996
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
74301Translation services
Scores and ratios are computed by Checked and are not a credit decision.