Joy Engineering
ActiveSummary
Joy Engineering has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €27,851 and a net result of €5,091. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 63% of 11613 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▼-5
Solvency93▲+18
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 3.09 against 2.12 in 2023; short-term debt: 32.4% and cash: 87.7% of total assets), and 32.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
67.6%
Return on assets
12.4%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
90 d late
2022
6 d early
2021
1 d late
2020
15 d late
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 43 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€22,550▼ 19.2%
2023 · €27,900
EBIT margin
28.8%▲ 18.4pp
2023 · 10.4%
Net result
€5,091▲ 86.2%
2023 · €2,734
Working capital
€27,851▲ 27.6%
2023 · €21,829
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
Line20202021202220232024
Turnover€58,495€27,900▼ 52.3%€22,550▼ 19.2%
Operating result€219▼ 91.0%€10,648▲ 4,762%-€7,111€2,897€6,499▲ 124%
Net result€148▼ 93.7%€10,687▲ 7,121%-€7,501€2,734€5,091▲ 86.2%
EBIT margin-12.2%10.4%▲ 22.5pp28.8%▲ 18.4pp
Equity€14,910▲ 1.0%€25,597▲ 71.7%€18,095▼ 29.3%€20,829▲ 15.1%€27,851▲ 33.7%
Total assets€28,566▲ 8.8%€45,175▲ 58.1%€39,102▼ 13.4%€41,310▲ 5.6%€41,189▼ 0.3%
Debt€13,656▲ 18.9%€19,579▲ 43.4%€21,007▲ 7.3%€20,481▼ 2.5%€13,339▼ 34.9%
Working capital€12,742▲ 9.2%€23,429▲ 83.9%€17,786▼ 24.1%€21,829▲ 22.7%€27,851▲ 27.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 124% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €41,189
Equity
€27,851 ▲ 33.7%
Debt
€13,339 ▼ 34.9%
Debt's share of the balance-sheet total falls from 49.6% to 32.4%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.09▲
2023 · 2.12
Debt to equity
0.48▼
2023 · 0.98
ROE
18.3%▲
2023 · 13.1%
ROA
12.4%▲
2023 · 6.6%
Debt ≤ 1 year
€13,339▼
2023 · €19,481
Income taxes
€1,245
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €58,495 | €27,900 | €22,550 | ▼ 19.2% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €64,615 | €22,354 | €15,523 | ▼ 30.6% |
| Remuneration, social security and pensions62 | - | €1,219 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €929 | - | €929 | €310 | - | - |
| Other operating charges640/8 | - | €1,540 | €62 | €410 | €527 | ▲ 28.8% |
| Non-recurring operating charges66A | - | - | - | €1,929 | - | - |
| Gross operating margin9900 | €1,300 | €13,407 | -€6,120 | €5,546 | €7,027 | ▲ 26.7% |
| Operating profit (loss)9901 | €219 | €10,648 | -€7,111 | €2,897 | €6,499 | ▲ 124% |
| Financial income75/76B | - | €644 | - | - | - | - |
| Recurring financial income75 | - | €644 | - | - | - | - |
| Financial charges65/66B | - | €606 | €390 | €163 | €163 | ▼ 0.1% |
| Recurring financial charges65 | €71 | €606 | €390 | €163 | €163 | ▼ 0.1% |
| Profit (loss) for the period before taxes9903 | €148 | €10,687 | -€7,501 | €2,734 | €6,336 | ▲ 132% |
| Income taxes67/77 | - | - | - | - | €1,245 | - |
| Profit (loss) for the period9904 | €148 | €10,687 | -€7,501 | €2,734 | €5,091 | ▲ 86.2% |
| Profit (loss) for the period to be appropriated9905 | €148 | €10,687 | -€7,501 | €2,734 | €5,091 | ▲ 86.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28,566 | €45,175 | €39,102 | €41,310 | €41,189 | ▼ 0.3% |
| Fixed assets21/28 | €2,168 | €2,168 | €310 | - | - | - |
| Intangible fixed assets21 | €2,168 | €2,168 | €310 | - | - | - |
| Current assets29/58 | €26,398 | €43,007 | €38,793 | €41,310 | €41,189 | ▼ 0.3% |
| Amounts receivable within one year40/41 | - | €36,119 | €1,815 | €1,182 | €4,560 | ▲ 286% |
| Trade receivables40 | - | €36,119 | €1,815 | - | - | - |
| Other amounts receivable41 | - | - | - | €1,182 | €4,560 | ▲ 286% |
| Cash at bank and in hand54/58 | €26,398 | €6,889 | €36,978 | €40,128 | €36,125 | ▼ 10.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €505 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28,566 | €45,175 | €39,102 | €41,310 | €41,189 | ▼ 0.3% |
| Equity10/15 | €14,910 | €25,597 | €18,095 | €20,829 | €27,851 | ▲ 33.7% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | - | - | - | - | €1,930 | - |
| Tax-exempt reserves132 | - | - | - | - | €1,930 | - |
| Profit (loss) carried forward14 | €2,510 | €13,197 | €5,695 | €8,429 | €13,521 | ▲ 60.4% |
| Amounts payable17/49 | €13,656 | €19,579 | €21,007 | €20,481 | €13,339 | ▼ 34.9% |
| Amounts payable within one year42/48 | €13,656 | €19,579 | €21,007 | €19,481 | €13,339 | ▼ 31.5% |
| Trade debts44 | €4,080 | - | €887 | €1,766 | €3,631 | ▲ 106% |
| Suppliers440/4 | - | - | €887 | €1,766 | €3,631 | ▲ 106% |
| Taxes, remuneration and social security45 | - | €5,567 | €1,044 | - | - | - |
| Taxes450/3 | - | €5,567 | €1,044 | - | - | - |
| Other amounts payable47/48 | - | €14,012 | €19,076 | €17,715 | €9,707 | ▼ 45.2% |
| Accrued charges and deferred income492/3 | - | - | - | €1,000 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €148 | €10,687 | -€7,501 | €2,734 | €5,091 | ▲ 86.2% |
| + Depreciation and write-downs630 | €929 | - | €929 | €310 | - | - |
| Operating cash flow (approximation) | €1,077 | €10,687 | -€6,572 | €3,044 | €5,091 | ▲ 67.3% |
| Investment in fixed assets (approximation) | - | €0 | €929 | - | - | - |
| Change in cash | - | -€19,509 | €30,089 | €3,150 | -€4,002 | ▼ 227% |
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
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
2023
31-12
Financial
Back to profitnet €2,734
Net result €2,734 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€7,501
Net result drops to -€7,501, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Highest result since 2019net €10,687 ▲7,121%
Operating result €10,648, net result €10,687, both a record.
15-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 15 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 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, Bassenge · 1 establishment unit since 2018
Ground area
368 m²
Parcel 62116B0664/00C003, Wallonia. Linked by address, not a title deed.
1 establishment unit
Joy Engineering
since 20182.279.297.684
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62116B0664/00C003 | Wallonia | 368 m² | - | - |
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 18,249 companies in sector 71111 we hold annual accounts for 6,320. 4,857 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 (pre-2019)
Founded31-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.