Liquidity
1.63 was 0.96 in 2024
Short-term debts fell from €127,813 to €65,241.
JOY'S VILLA
Lifetime
20 annual accounts with figures on one time axis, 34 filings since 1990Gross marginpeak €173,711 (2025)
€173,711▲ 47.2%
Resultlowest -€49,164 (2022)
€39,914▲ €45,874
Equitypeak €106,804 (2010)
€85,882▲ 86.8%
Debts
€102,057▼ 44.8%
Staffpeak 3.1 FTE (2017)
-not published
Board3 names since 2021
2 directorsLiu Joyce and 1 other
Documentsfilings and deeds
30-04-2026on the last day
2025micro format
Gross margin from €118,027 to €173,711Back to profit: €39,914Appointment: Liu Joyce (director) 14-07Equity from €45,968 to €85,882Debts from €184,757 to €102,057Cash from €5,800 to €31,626
Key points
from the 2025 annual accountsChecked score
92
Excellent
Financially stronger than 73% of micro companies in food and beverage service (NACE 56)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,779 companies (NACE 56, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.7%▲ +0.2 percentage points vs 03-2025
05-2025: 1.1%▲ +0.4 percentage points vs 04-2025highest value
06-2025: 0.6%▼ -0.5 percentage points vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.7%▲ +0.1 percentage points vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.9%▲ +0.2 percentage points vs 03-2026
05-2026: 0.2%▼ -0.7 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
lowers risk
Founded in 1988
Liquidity: current ratio 1.63, cash €31,626
Figures for financial year 2025 (filed on 30-04-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 64% of them on solvency, 59% on liquidity, 83% on profitability and 88% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as JOY'S VILLA has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JOY'S VILLA itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for JOY'S VILLA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.63 (0.96 in 2024), above the usual 1.5. Short-term debt is 34.7% and cash 16.8% of total assets. However, 54.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €85,882
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 day early
2023
on the day
2022
2 days early
2021
26 days early
2020
11 days early
2019
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 8 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 29 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end05-11-2026 today30-04-2027 deadline
Recent changes
Resignation: Nickie Liu (director)
General meeting of 06-01-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0436306196
Appointment: Liu Joyce (director)
General meeting of 01-06-2025 · Gazette deed
Reappointment: Liu Nickie (managing director)
General meeting of 31-03-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| JOY'S VILLA Antwerp | €187,939 | €173,711 | 45.7% | - |
| ZAGREB Antwerp | €190,519 | €144,805 | 71.3% | - |
| WAI WAH Heist-op-den-Berg | €190,856 | €181,287 | 61.6% | - |
| KANGA Bruges | €181,391 | €183,985 | 49.4% | 3.6 |
| RESTAURANT OUD STADHUIS Wervik | €198,617 | €176,144 | 20.3% | - |
| DE PALINGBEEK Ypres | €177,707 | €163,860 | 62.6% | - |
| OUZERIE Ixelles | €186,630 | €153,880 | 20.0% | - |
These companies have the same main activity as JOY'S VILLA: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €178,000 and €199,000, founded between 1986 and 1993.
Official details
Source: KBO- Status
- Active since 28-12-1988Normal situation
- Activity
- Full-service restaurantsNACE 56111
- Joint committee
- 302Hotels and catering · annual accounts 30-09-2024
- Establishment unit
- 2.042.118.3332170 Antwerp, since 20-10-1989
- Financial year end
- 30 September
- Peppol
- Reachable since 26-11-2025
Annual accounts to 30-09-2025
- Turnover
- ≈ €510,000estimated
- Total assets
- €187,939▼ 18.5%
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Insights on JOY'S VILLA
JOY'S VILLA files the micro format. That format states no turnover. The gross margin rose from €27,843 in 2006 to €173,711 in 2025.
The balance sheet grew most from 2023 to 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about JOY'S VILLA
- What is the company number of JOY'S VILLA?
- The company number of JOY'S VILLA is 0436.306.196. The VAT number is the same number with BE in front: BE 0436.306.196.
- Where is JOY'S VILLA based?
- The registered office is at Bredabaan 831, 2170 Antwerp.Company details
- What does JOY'S VILLA do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of JOY'S VILLA?
- JOY'S VILLA is a public limited company (NV).
- When was JOY'S VILLA founded?
- JOY'S VILLA was founded on 28-12-1988.
- Is JOY'S VILLA still active?
- Yes, JOY'S VILLA is an active enterprise in the KBO register.
- How many employees does JOY'S VILLA have?
- JOY'S VILLA had an average of 8.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does JOY'S VILLA fall under?
- In its 30-09-2024 annual accounts, JOY'S VILLA states joint committee 302 (Hotels and catering).
- What is the turnover of JOY'S VILLA?
- The turnover in financial year 2025 is ≈ €510,000. This figure is estimated from the gross margin of €173,711 and 86 comparable companies (NACE 56111). It probably lies between €420,000 and €610,000.
- Is JOY'S VILLA profitable?
- In financial year 2025, JOY'S VILLA made a profit of €39,914.
- Where can I find the annual accounts of JOY'S VILLA?
- JOY'S VILLA filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of JOY'S VILLA due?
- JOY'S VILLA must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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