JOYE T'REC
ActiveJOYE T'REC has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €942. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 11% of 1832 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
64
/ 100
Healthy▲ +33 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▲+14
Solvency13=
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 1.0 in 2024), and 97.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
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
2.9%
Return on assets
0.1%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 1832 sector peers (2025).
NBB · sector comparisonPosition among 1832 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
3 d late
2023
42 d early
2022
42 d early
2021
28 d early
2020
27 d early
2019
25 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€25k▲ 4.0%
2024 · €24k
2019: €29k
2020: €25k
2021: €20k
2022: €23k
2023: €23k
2024: €24k
2019 → 2025
Total assets
€860k▼ 15.3%
2024 · €1.02M
2019: €670k
2020: €603k
2021: €627k
2022: €646k
2023: €859k
2024: €1.02M
2019 → 2025
Net result
€942▲ 297%
2024 · €238
2019: €300
2020: €-4k
2021: €-5k
2022: €4k
2023: €36
2024: €238
2019 → 2025
Working capital
€5k
2024 · €-449
2019: €10k
2020: €7k
2021: €5k
2022: €14k
2023: €15k
2024: €-449
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€23k▲ 19.1%€23k▲ 0.2%€24k▲ 1.0%€25k▲ 4.0%
Operating result€2k-€9k▲ 300%€59k▲ 565%€-3k€38k
Net result€-5k-€4k€36▼ 99.0%€238▲ 557%€942▲ 297%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €38k after a loss of €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €860k
Fixed assets
€20k▼ 17.8%
Current assets
€840k▼ 15.2%
Equity and liabilities €860k
Equity
€25k▲ 4.0%
Debt
€836k▼ 15.7%
The debt ratio falls from 97.7% to 97.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€44k▲
2024 · €3k
Cash flow
€8k▲
2024 · €6k
Solvency
2.9%▲
2024 · 2.3%
Current ratio
1.01▲
2024 · 1.00
Quick ratio
1.01▲
2024 · 1.00
Debt / equity
33.97▼
2024 · 41.91
ROE
3.8%▲
2024 · 1.0%
ROA
0.1%▲
2024 · 0.0%
Interest coverage
1.56▲
2024 · -0.17
Debt
€836k▼
2024 · €992k
Debt ≤ 1 year
€836k▼
2024 · €992k
Income taxes
€9k▼
2024 · €11k
Staff costs
€1.44M▲
2024 · €1.35M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.02M€860k▼
Fixed assets21/28€24k€20k▼
Tangible fixed assets22/27€24k€20k▼
Furniture and vehicles24€24k€20k▼
Current assets29/58€991k€840k▼
Amounts receivable within one year40/41€668k€719k▲
Trade receivables40€583k€565k▼
Other amounts receivable41€85k€154k▲
Cash at bank and in hand54/58€308k€96k▼
Deferred charges and accrued income490/1€15k€25k▲
Equity and liabilities
Total equity and liabilities10/49€1.02M€860k▼
Equity10/15€24k€25k▲
Contributions10/11€20k€20k=
Reserves13€5k€5k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Tax-exempt reserves132€523€523=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€-1k€-327▲
Amounts payable17/49€992k€836k▼
Amounts payable within one year42/48€992k€836k▼
Current portion of amounts payable after more than one year42€59k€59k=
Trade debts44€876k€698k▼
Suppliers440/4€876k€698k▼
Taxes, remuneration and social security45€56k€78k▲
Taxes450/3€8k€32k▲
Remuneration and social security454/9€48k€46k▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.35M€1.44M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€246k€251k▲
Gross operating margin9900€1.60M€1.73M▲
Operating profit (loss)9901€-3k€38k▲
Financial income75/76B€47€1k▲
Recurring financial income75€47€1k▲
Financial charges65/66B€-15k€28k▲
Recurring financial charges65€-15k€28k▲
Profit (loss) for the period before taxes9903€12k€10k▼
Income taxes67/77€11k€9k▼
Profit (loss) for the period9904€238€942▲
Profit (loss) for the period to be appropriated9905€238€942▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€-327▲
Profit (loss) brought forward from the previous period14P€-2k€-1k▲
Social balance
Average headcount (FTE)908722.222.3▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 3 days late
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
03-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Roeselare · 2 establishment units since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Onledebeekstraat 58800 RoeselareGround area
1.0 ha
Building footprint
692 m²
Volume, LiDAR
689 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
JOYE T'REC
since 20072.163.910.345
JOYE T'REC
since 20172.267.481.007
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36505A0843/00A000 | Flanders | 1.0 ha | 1 · 558 m² | - |
| 36017A0332/00C002 | Flanders | 157 m² | 1 · 135 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 · 6 entries · 8,011 EUR awarded · 7,924 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,628 EUR | 2,541 EUR |
| 2024 | 2 | -3,245 EUR | 2,155 EUR |
| 2023 | 2 | 7,275 EUR | 1,875 EUR |
| 2022 | 1 | 1,353 EUR | 1,353 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Werkbaarheidscheque (stopgezet)
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NUTRIFIT INVEST
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Of 12,446 companies in sector 49410 we hold annual accounts for 8,085. 5,159 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-06-2007
Fiscal year end30-06
Activities, NACEBEL
49410Freight transport by road
50200
52210Service activities incidental to land transportation
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
52250Logistics services
52290Warehousing and support activities for transportation
63405
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.