JOWI
ActiveSummary
JOWI has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €388,226 and a net result of -€87,659. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 54% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-49
Solvency72▲+12
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 1.83 against 1.48 in 2024; short-term debt: 46.6% and cash: 14.9% of total assets), but 52.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 03-09-2026, 34 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
34 d late
2024
61 d late
2023
36 d early
2022
16 d late
2021
22 d late
2020
39 d late
2019
105 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 22 August (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€388,226▼ 18.4%
2024 · €475,885
Total assets
€819,023▼ 40.0%
2024 · €1.4m
Net result
-€87,659
2024 · €72,451
Working capital
€315,497▼ 20.5%
2024 · €396,829
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€471€178,035€182,779▲ 2.7%€97,491▼ 46.7%-€89,002
Net result€869below the sector's middle half▼ 99.1%€92,659within the sector's middle half▲ 10,562%€121,217within the sector's middle half▲ 30.8%€72,451within the sector's middle half▼ 40.2%-€87,659below the sector's middle half
Equity€642,118within the sector's middle half▼ 15.5%€707,430above the sector's middle half▲ 10.2%€769,453above the sector's middle half▲ 8.8%€475,885within the sector's middle half▼ 38.2%€388,226within the sector's middle half▼ 18.4%
Total assets€1.3mwithin the sector's middle half▼ 7.9%€1.3mwithin the sector's middle half▲ 1.5%€1.8mabove the sector's middle half▲ 38.5%€1.4mwithin the sector's middle half▼ 23.2%€819,023within the sector's middle half▼ 40.0%
Debt€622,959▲ 1.5%€576,230▼ 7.5%€1.0m▲ 75.1%€889,137▼ 11.9%€430,797▼ 51.5%
Working capital€267,797within the sector's middle half▼ 29.2%€344,257within the sector's middle half▲ 28.6%€400,021within the sector's middle half▲ 16.2%€396,829within the sector's middle half▼ 0.8%€315,497within the sector's middle half▼ 20.5%
Solvency50.8%within the sector's middle half▼ 4.5pp55.1%within the sector's middle half▲ 4.4pp43.3%within the sector's middle half▼ 11.8pp34.9%within the sector's middle half▼ 8.4pp47.4%within the sector's middle half▲ 12.5pp
Current ratio1.49within the sector's middle half▼ 0.271.68within the sector's middle half▲ 0.191.42within the sector's middle half▼ 0.261.48within the sector's middle half▲ 0.071.83within the sector's middle half▲ 0.35
Return on assets (ROA)0.1%below the sector's middle half▼ 7.3pp7.2%within the sector's middle half▲ 7.1pp6.8%within the sector's middle half▼ 0.4pp5.3%within the sector's middle half▼ 1.5pp-10.7%below the sector's middle half▼ 16.0pp
Staff (FTE)4.5within the sector's middle half▼ 6.3%4.8within the sector's middle half▲ 6.7%6.2within the sector's middle half▲ 29.2%5.3within the sector's middle half▼ 14.5%4.8within the sector's middle half▼ 9.4%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €89,002 after €97,491 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €819,023
Fixed assets
€121,812 ▼ 14.6%
Current assets
€697,211 ▼ 43.0%
Equity and liabilities €819,023
Equity
€388,226 ▼ 18.4%
Debt
€430,797 ▼ 51.5%
Debt's share of the balance-sheet total falls from 65.1% to 52.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€57,719▼
2024 · €124,796
Cash flow
-€56,376▼
2024 · €99,756
Quick ratio
1.58▲
2024 · 1.46
Debt to equity
1.11▼
2024 · 1.87
ROE
-22.6%▼
2024 · 15.2%
Interest coverage
-1.35▼
2024 · 3.44
Debt ≤ 1 year
€381,714▼
2024 · €825,623
Debt > 1 year
€23,084▼
2024 · €49,514
Income taxes
€1,292▼
2024 · €37,940
Staff costs
€345,120▼
2024 · €353,794
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 5,836 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €92 | €60 | €77 | €59 | €60 | ▲ 1.7% |
| Remuneration, social security and pensions62 | €279,223 | €303,683 | €383,108 | €353,794 | €345,120 | ▼ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,900 | €59,697 | €57,111 | €27,305 | €31,283 | ▲ 14.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €7,913 | €121,368 | €9,704 | €16,618 | €5,609 | ▼ 66.2% |
| Gross operating margin9900 | €341,565 | €662,783 | €632,702 | €495,209 | €293,010 | ▼ 40.8% |
| Operating profit (loss)9901 | -€471 | €178,035 | €182,779 | €97,491 | -€89,002 | ▼ 191% |
| Financial income75/76B | €33,689 | €13,582 | €50,760 | €49,169 | €45,479 | ▼ 7.5% |
| Recurring financial income75 | €33,689 | €13,582 | €50,760 | €49,169 | €45,479 | ▼ 7.5% |
| Financial charges65/66B | €24,231 | €50,029 | €49,036 | €36,269 | €42,844 | ▲ 18.1% |
| Recurring financial charges65 | €24,231 | €50,029 | €49,036 | €36,269 | €42,844 | ▲ 18.1% |
| Profit (loss) for the period before taxes9903 | €8,987 | €141,588 | €184,502 | €110,391 | -€86,367 | ▼ 178% |
| Income taxes67/77 | €8,118 | €48,929 | €63,285 | €37,940 | €1,292 | ▼ 96.6% |
| Profit (loss) for the period9904 | €869 | €92,659 | €121,217 | €72,451 | -€87,659 | ▼ 221% |
| Profit (loss) for the period to be appropriated9905 | €869 | €92,659 | €121,217 | €72,451 | -€87,659 | ▼ 221% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.3m | €1.8m | €1.4m | €819,023 | ▼ 40.0% |
| Fixed assets21/28 | €449,879 | €432,339 | €414,503 | €142,569 | €121,812 | ▼ 14.6% |
| Tangible fixed assets22/27 | €449,387 | €431,847 | €414,011 | €142,077 | €121,320 | ▼ 14.6% |
| Land and buildings22 | €401,127 | €370,695 | €365,794 | €0 | - | - |
| Plant, machinery and equipment23 | €8,300 | €13,251 | €20,542 | €17,540 | €11,571 | ▼ 34.0% |
| Furniture and vehicles24 | €38,609 | €47,112 | €27,450 | €62,219 | €43,704 | ▼ 29.8% |
| Other tangible fixed assets26 | €1,351 | €788 | €226 | €62,318 | €66,045 | ▲ 6.0% |
| Financial fixed assets28 | €492 | €492 | €492 | €492 | €492 | = |
| Current assets29/58 | €815,198 | €851,322 | €1.4m | €1.2m | €697,211 | ▼ 43.0% |
| Stocks and contracts in progress3 | €19,066 | €23,997 | €16,704 | €13,155 | €92,309 | ▲ 602% |
| Stocks30/36 | €19,066 | €23,997 | €16,704 | €13,155 | €17,309 | ▲ 31.6% |
| Contracts in progress37 | - | - | - | - | €75,000 | - |
| Amounts receivable within one year40/41 | €626,005 | €612,364 | €1.1m | €937,143 | €470,533 | ▼ 49.8% |
| Trade receivables40 | €376,038 | €488,351 | €918,741 | €813,824 | €267,026 | ▼ 67.2% |
| Other amounts receivable41 | €249,967 | €124,013 | €150,776 | €123,320 | €203,507 | ▲ 65.0% |
| Current investments50/53 | €25 | €25 | €25 | €25 | €25 | ▼ 0.8% |
| Cash at bank and in hand54/58 | €160,416 | €202,151 | €264,810 | €251,916 | €122,237 | ▼ 51.5% |
| Deferred charges and accrued income490/1 | €9,687 | €12,785 | €12,829 | €20,214 | €12,108 | ▼ 40.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.8m | €1.4m | €819,023 | ▼ 40.0% |
| Equity10/15 | €642,118 | €707,430 | €769,453 | €475,885 | €388,226 | ▼ 18.4% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €9,962 | €9,962 | = |
| Reserves13 | €623,118 | €688,430 | €750,453 | €465,923 | €465,923 | = |
| Non-distributable reserves130/1 | €6,616 | €6,616 | €6,616 | €0 | - | - |
| Reserves not available under the articles1311 | €6,616 | €6,616 | €6,616 | €0 | - | - |
| Distributable reserves133 | €616,502 | €681,814 | €743,837 | €465,923 | €465,923 | = |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | -€87,659 | - |
| Amounts payable17/49 | €622,959 | €576,230 | €1.0m | €889,137 | €430,797 | ▼ 51.5% |
| Amounts payable after more than one year17 | €75,558 | €69,165 | €45,071 | €49,514 | €23,084 | ▼ 53.4% |
| Financial debts170/4 | €75,558 | €69,165 | €45,071 | €49,514 | €23,084 | ▼ 53.4% |
| Amounts payable within one year42/48 | €547,401 | €507,065 | €963,864 | €825,623 | €381,714 | ▼ 53.8% |
| Current portion of amounts payable after more than one year42 | €39,685 | €36,202 | €24,094 | €31,443 | €26,430 | ▼ 15.9% |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €346,988 | €363,040 | €531,877 | €305,213 | €279,851 | ▼ 8.3% |
| Suppliers440/4 | €346,988 | €363,040 | €531,877 | €305,213 | €279,851 | ▼ 8.3% |
| Advances received on contracts in progress46 | €31,129 | €28,084 | €311,907 | €440,589 | €32,630 | ▼ 92.6% |
| Taxes, remuneration and social security45 | €11,297 | €52,391 | €36,792 | €48,378 | €42,803 | ▼ 11.5% |
| Taxes450/3 | €11,297 | €52,391 | €36,792 | €40,834 | €42,803 | ▲ 4.8% |
| Remuneration and social security454/9 | €0 | - | - | €7,544 | €0 | ▼ 100% |
| Other amounts payable47/48 | €118,303 | €27,347 | €59,194 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €14,000 | €26,000 | ▲ 85.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €869 | €92,659 | €121,217 | €72,451 | -€87,659 | ▼ 221% |
| + Depreciation and write-downs630 | €54,900 | €59,697 | €57,111 | €27,305 | €31,283 | ▲ 14.6% |
| Operating cash flow (approximation) | €55,769 | €152,356 | €178,329 | €99,756 | -€56,376 | ▼ 157% |
| Investment in fixed assets (approximation) | - | -€42,157 | -€39,276 | €244,629 | -€10,526 | ▼ 104% |
| Change in cash | - | €41,735 | €62,659 | -€12,894 | -€129,679 | ▼ 906% |
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
03-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 34 days late
2025
31-12
Financial
Weakest financial yearnet -€87,659
Net result drops to -€87,659, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €121,217 ▲30.8%
Operating result €182,779, net result €121,217, both a record.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
08-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 39 days late
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 105 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Zwevegem · 1 establishment unit since 1995
Ground area
1,186 m²
Building footprint
771 m²
Volume, LiDAR
4,271 m³
Parcel 34042A0032/00T005, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
J O W I
since 19952.073.088.750
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042A0032/00T005 | Flanders | 1,186 m² | 1 · 771 m² | 9.2 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 · 3 entries · 1,724 EUR awarded · 1,724 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 981 EUR | 981 EUR |
| 2023 | 1 | 248 EUR | 248 EUR |
| 2022 | 1 | 495 EUR | 495 EUR |
Recognitions · licences · registrations
Recognised contractor
3 categoriesJOWI BV41129
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Of 7,044 companies in sector 43221 we hold annual accounts for 3,477. 2,539 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
Founded06-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445879702
Also
9925:BE0445879702
Registered
25-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.