Active BE 0838.004.477Private limited companyOpen bankruptcy

JOYCO

Veerstraat 41 ·3830 Wellen, Belgium· 14 yrs active

Sector: Retail trade (47210)

Conclusion Checked

A bankruptcy procedure is open for JOYCO according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €24k and a net result of €-64k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€24k
Net result	€-64k
Staff (FTE)	0.2
Better than sector	35%

Snowflake analysis 5 axes · computed by Checked

8 / 100

Fragile profile — watch health in particular.

Health 0

Profitability 0

Solvency 6

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2023 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 26-07-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Sector comparison

Fiscal year 2023 · NACE 47 — Retail trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	7.1%	17.0%	better than 35% of 1189 sector peers
Net result	€-64k	€2k	better than 5% of 1187 sector peers
Equity	€24k	€11k	better than 68% of 1191 sector peers
Gross operating margin	€7k	€17k	better than 37% of 1177 sector peers
Staff costs	€3k	€31k	higher than 15% of 522 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-4k

— 18–23

Net profit

€-64k

— 18–23

Cash flow

€-17k

— 18–23

Total assets

€339k

-3.7% 18–23

Equity

€24k

-63.2% 18–23

Working capital

€-61k

-141.8% 18–23

Employees (FTE)

0

— 18–23

Staff costs

€3k

— 18–23

Income taxes

€240

-91.3% 18–23

Debt

€312k

+11.0% 18–23

Debt ≤ 1y

€145k

+58.9% 18–23

Debt > 1y

€162k

-13.8% 18–23

Current ratio

0.58

-19.8% 18–23

Quick ratio

0.56

-22.2% 18–23

Solvency

7.1%

-61.8% 18–23

Debt / equity

12.97

+201.6% 18–23

ROE

-266.7%

— 18–23

ROA

-18.9%

— 18–23

Interest coverage

-0.33

— 18–23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Revenue	—
EBITDA	€-4k
Net profit	€-64k
Cash flow	€-17k
Staff costs	€3k
Income taxes	€240
Dividends	—
Total assets	€339k
Equity	€24k
Debt	€312k
of which ≤ 1y	€145k
of which > 1y	€162k
Working capital	€-61k
Employees (FTE)	0.2

Ratios (computed)

	2023
Current ratio	0.58
Quick ratio	0.56
Working capital ratio	-17.9%
Solvency	7.1%
Debt / equity	12.97
Long-term debt ratio	6.73
Interest coverage	-0.33
Gross margin	—
Net margin	—
ROA	-18.9%
ROE	-266.7%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2023

Assets

Fixed assets €255k · 75.1% Current assets €85k · 25.0%

Equity & liabilities

Equity €24k · 7.1% Provisions €3k · 1.0% Debt €312k · 91.9%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet — Assets
TOTAL ASSETS	20/58	€339k
Fixed assets	21/28	€255k
Tangible fixed assets	22/27	€247k
Financial fixed assets	28	€7k
Current assets	29/58	€85k
Stocks & contracts in progress	3	€3k
Amounts receivable within one year	40/41	€14k
Cash & bank	54/58	€6k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€339k
Equity	10/15	€24k
Contributions / capital	10/11	€19k
Reserves	13	€68k
Accumulated profits (losses)	14	€-62k
Provisions & deferred taxes	16	€3k
Amounts payable	17/49	€312k
Amounts payable after one year	17	€162k
Amounts payable within one year	42/48	€145k
Trade debts payable within one year	44	€38k
Income statement
Gross operating margin	9900	€7k
Operating result	9901	€-52k
Financial income	75	€721
Financial charges	65	€14k
Result before taxes	9903	€-64k
Income taxes	67/77	€240
Net result for the period	9904	€-64k
Result to be appropriated	9905	€-62k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	KATHLEEN VELKENEERS KASTEELSTRAAT 23B, 3840 BORGLOON ↔ Also on 86 other cases	14-08-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Retail trade(47210)
Legal form	Private limited company(610)
Incorporation	14-07-2011
Status	Active
Postal code	3830
First BS signal	20-08-2024
Latest BS signal	20-08-2024

Company structure — linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.

Establishment units 1 location

Veerstraat 41, 3830 Wellen

Ondersteunende activiteiten in verband met de teelt van gewassen

since 20112.201.081.933

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
73098F0689/00N000	Flanders	474 m²	1 · 247 m²	10.5 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

20-08-2024

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · JOYCO BV VEERSTRAAT 41, 3830 WELLEN · event 14-08-2024

26-07-2024