JOWADEL
ActiveSummary
JOWADEL has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.06M and a net result of €152k. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 32% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+2
Solvency52▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.95 in 2024; short-term debt: 32% and cash: 3.8% of total assets), and 73.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
26.6%
Return on assets
3.8%
Age of the figures
9 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
39 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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Equity
€1.06M▲ 16.2%
2024 · €908k
Total assets
€3.96M▼ 0.2%
2024 · €3.97M
Net result
€152k▲ 35.4%
2024 · €112k
Working capital
€-39k▲ 51.0%
2024 · €-80k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€103k▼ 3.9%€88k▼ 14.9%€135k▲ 53.8%€173k▲ 28.0%€251k▲ 44.9%
Net result€74k▼ 3.2%€64k▼ 13.5%€99k▲ 53.7%€112k▲ 13.7%€152k▲ 35.4%
Equity€651k▲ 12.9%€715k▲ 9.9%€805k▲ 12.6%€908k▲ 12.8%€1.06M▲ 16.2%
Total assets€3.14M▲ 1.7%€3.05M▼ 2.8%€3.19M▲ 4.6%€3.97M▲ 24.4%€3.96M▼ 0.2%
Debt€2.48M▼ 0.9%€2.33M▼ 6.1%€2.39M▲ 2.2%€3.06M▲ 28.3%€2.91M▼ 5.0%
Working capital€46k▼ 73.7%€95k▲ 109%€101k▲ 6.3%€-80k€-39k▲ 51.0%
Staff (FTE)1.3▲ 8.3%0.8▼ 38.5%0.6▼ 25.0%2▲ 233%2.2▲ 10.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 45% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.96M
Fixed assets
€2.73M ▲ 7.5%
Current assets
€1.23M ▼ 13.8%
Equity and liabilities €3.96M
Equity
€1.06M ▲ 16.2%
Debt
€2.91M ▼ 5.0%
Debt's share of the balance-sheet total falls from 77.1% to 73.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€741k▲
2024 · €640k
Cash flow
€642k▲
2024 · €579k
Current ratio
0.97▲
2024 · 0.95
Quick ratio
0.75▼
2024 · 0.78
Debt to equity
2.76▼
2024 · 3.37
ROE
14.4%▲
2024 · 12.4%
ROA
3.8%▲
2024 · 2.8%
Interest coverage
13.95▼
2024 · 16.64
Debt ≤ 1 year
€1.27M▼
2024 · €1.51M
Debt > 1 year
€1.63M▲
2024 · €1.54M
Income taxes
€46k▲
2024 · €23k
Staff costs
€138k▲
2024 · €114k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €13k | - | - | €13k | €500 | ▼ 96.1% |
| Remuneration, social security and pensions62 | €80k | €38k | €33k | €114k | €138k | ▲ 21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €434k | €472k | €434k | €467k | €490k | ▲ 5.0% |
| Other operating charges640/8 | €13k | €16k | €13k | €13k | €15k | ▲ 21.1% |
| Non-recurring operating charges66A | €3k | - | - | - | - | - |
| Gross operating margin9900 | €633k | €614k | €614k | €767k | €895k | ▲ 16.7% |
| Operating profit (loss)9901 | €103k | €88k | €135k | €173k | €251k | ▲ 44.9% |
| Financial income75/76B | €1k | €1k | €1k | €605 | €373 | ▼ 38.5% |
| Recurring financial income75 | €1k | €1k | €1k | €605 | €373 | ▼ 38.5% |
| Financial charges65/66B | €23k | €19k | €16k | €38k | €53k | ▲ 38.1% |
| Recurring financial charges65 | €23k | €19k | €16k | €38k | €53k | ▲ 38.1% |
| Profit (loss) for the period before taxes9903 | €81k | €70k | €120k | €135k | €198k | ▲ 46.4% |
| Transfer from deferred taxes780 | €843 | €843 | €464 | €0 | - | - |
| Income taxes67/77 | €8k | €7k | €22k | €23k | €46k | ▲ 100% |
| Profit (loss) for the period9904 | €74k | €64k | €99k | €112k | €152k | ▲ 35.4% |
| Transfer from tax-exempt reserves789 | €3k | €3k | €2k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €78k | €68k | €101k | €112k | €152k | ▲ 35.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.14M | €3.05M | €3.19M | €3.97M | €3.96M | ▼ 0.2% |
| Fixed assets21/28 | €2.22M | €1.89M | €2.06M | €2.54M | €2.73M | ▲ 7.5% |
| Tangible fixed assets22/27 | €2.21M | €1.88M | €2.05M | €2.52M | €2.71M | ▲ 7.6% |
| Land and buildings22 | €1.05M | €969k | €887k | €822k | €1.40M | ▲ 69.9% |
| Plant, machinery and equipment23 | €1.10M | €881k | €1.14M | €1.43M | €1.08M | ▼ 24.1% |
| Furniture and vehicles24 | €59k | €28k | €22k | €275k | €234k | ▼ 14.8% |
| Financial fixed assets28 | €14k | €14k | €14k | €17k | €18k | ▲ 2.9% |
| Current assets29/58 | €915k | €1.16M | €1.13M | €1.43M | €1.23M | ▼ 13.8% |
| Stocks and contracts in progress3 | €155k | €196k | €226k | €257k | €273k | ▲ 6.0% |
| Stocks30/36 | €155k | €196k | €226k | €257k | €273k | ▲ 6.0% |
| Amounts receivable within one year40/41 | €649k | €793k | €849k | €1.04M | €799k | ▼ 23.0% |
| Trade receivables40 | €627k | €770k | €790k | €851k | €777k | ▼ 8.7% |
| Other amounts receivable41 | €22k | €23k | €59k | €186k | €22k | ▼ 88.2% |
| Cash at bank and in hand54/58 | €106k | €161k | €44k | €119k | €152k | ▲ 27.3% |
| Deferred charges and accrued income490/1 | €5k | €6k | €9k | €14k | €7k | ▼ 47.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.14M | €3.05M | €3.19M | €3.97M | €3.96M | ▼ 0.2% |
| Equity10/15 | €651k | €715k | €805k | €908k | €1.06M | ▲ 16.2% |
| Contributions10/11 | €50k | €50k | €50k | €50k | €50k | = |
| Reserves13 | €584k | €649k | €739k | €842k | €989k | ▲ 17.5% |
| Non-distributable reserves130/1 | €5k | €5k | - | - | - | - |
| Reserves not available under the articles1311 | €5k | €5k | - | - | - | - |
| Tax-exempt reserves132 | €5k | €2k | - | - | - | - |
| Distributable reserves133 | €574k | €642k | €739k | €842k | €989k | ▲ 17.5% |
| Profit (loss) carried forward14 | €16k | €16k | €16k | €16k | €16k | = |
| Provisions and deferred taxes16 | €1k | €464 | - | - | - | - |
| Deferred taxes168 | €1k | €464 | - | - | - | - |
| Amounts payable17/49 | €2.48M | €2.33M | €2.39M | €3.06M | €2.91M | ▼ 5.0% |
| Amounts payable after more than one year17 | €1.61M | €1.27M | €1.36M | €1.54M | €1.63M | ▲ 5.5% |
| Financial debts170/4 | €1.61M | €1.27M | €1.36M | €1.54M | €1.63M | ▲ 5.5% |
| Amounts payable within one year42/48 | €869k | €1.06M | €1.03M | €1.51M | €1.27M | ▼ 15.8% |
| Current portion of amounts payable after more than one year42 | €415k | €427k | €461k | €575k | €533k | ▼ 7.2% |
| Trade debts44 | €303k | €487k | €386k | €736k | €535k | ▼ 27.4% |
| Suppliers440/4 | €303k | €487k | €386k | €736k | €535k | ▼ 27.4% |
| Taxes, remuneration and social security45 | €10k | €12k | €8k | €21k | €17k | ▼ 19.4% |
| Taxes450/3 | €8k | €8k | €1k | €5k | €0 | ▼ 100% |
| Remuneration and social security454/9 | €2k | €3k | €6k | €16k | €17k | ▲ 4.3% |
| Other amounts payable47/48 | €142k | €135k | €172k | €175k | €185k | ▲ 5.5% |
| Accrued charges and deferred income492/3 | €4k | €3k | €2k | €8k | €8k | ▼ 0.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74k | €64k | €99k | €112k | €152k | ▲ 35.4% |
| + Depreciation and write-downs630 | €434k | €472k | €434k | €467k | €490k | ▲ 5.0% |
| Operating cash flow (approximation) | €508k | €536k | €533k | €579k | €642k | ▲ 10.9% |
| Investment in fixed assets (approximation) | - | €-144k | €-602k | €-946k | €-681k | ▲ 28.0% |
| Change in cash | - | €55k | €-116k | €75k | €33k | ▼ 56.4% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €152k ▲35.4%
Operating result €251k, net result €152k, both a record.
31-12
Financial
Equity above €1MEq €1.06M ▲16.2%
8 profitable years in a row build equity to €1.06M.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €64k ▼13.5%
Net result drops to €64k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Equity above €500kEq €576k ▲15.4%
3 profitable years in a row build equity to €576k.
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 39 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 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, Ieper · 1 establishment unit since 2007
Ground area
166 m²
Building footprint
166 m²
Volume, LiDAR
882 m³
Parcel 33007C0449/00N000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
JOWADEL
since 20072.159.527.529
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33007C0449/00N000 | Flanders | 166 m² | 1 · 166 m² | 8.7 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 13,146 EUR awarded · 13,146 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 375 EUR | 375 EUR |
| 2024 | 1 | 3,886 EUR | 3,886 EUR |
| 2023 | 1 | 1,480 EUR | 1,480 EUR |
| 2022 | 2 | 7,405 EUR | 7,405 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteIeper2.159.527.529
Legal Entity Identifier
894500XTLVGGGFGGAB74
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Of 689 companies in sector 46216 we hold annual accounts for 476. 396 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
Founded04-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
10910Manufacture of food products
46216Wholesale of agricultural produce and animal feed, general range
01500Mixed farming
13100Manufacture of textiles
Scores and ratios are computed by Checked and are not a credit decision.