JOYN
ActiveSummary
JOYN has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€21.3m) and a net result of -€124,095. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 928 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability21▲+21
Solvency0=
Growth38=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.1 in 2024; cash: 8.1% of total assets), and equity is negative.
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Signals
Six 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 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more 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 2025Solvency, return and age of the figures
Return on assets
-6.5%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€21.3m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
13 d early
2023
233 d late
2022
64 d late
2021
1 d late
2020
22 d early
2019
4 d early
← 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 30 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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 1 August (4 of the last 5 filed years within 63 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
Turnover
€1.9m▼ 13.5%
2021 · €2.2m
EBIT margin
-53.1%▼ 55.4pp
2021 · 2.3%
Net result
-€124,095▲ 87.6%
2024 · -€997,692
Working capital
-€22.9m▲ 0.5%
2024 · -€23.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing 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
Turnover€2.2m€1.9m▼ 13.5%
Operating result€52,602-€1.0m-€1.8m▼ 74.1%-€1.0m▲ 43.4%-€726,245▲ 28.5%
Net result€56,453within the sector's middle half-€1.0mbelow the sector's middle half-€1.8mbelow the sector's middle half▼ 75.6%-€997,692below the sector's middle half▲ 43.5%-€124,095below the sector's middle half▲ 87.6%
EBIT margin2.3%-53.1%▼ 55.4pp
Equity-€17.4mbelow the sector's middle half▲ 0.3%-€18.4mbelow the sector's middle half▼ 5.8%-€20.2mbelow the sector's middle half▼ 9.6%-€21.2mbelow the sector's middle half▼ 4.9%-€21.3mbelow the sector's middle half▼ 0.6%
Total assets€3.8mabove the sector's middle half▲ 70.3%€4.9mabove the sector's middle half▲ 28.7%€3.2mwithin the sector's middle half▼ 34.7%€4.4mabove the sector's middle half▲ 37.8%€1.9mwithin the sector's middle half▼ 56.8%
Debt€21.2m▲ 7.8%€23.3m▲ 9.9%€23.4m▲ 0.3%€25.6m▲ 9.5%€23.2m▼ 9.3%
Working capital-€19.3mbelow the sector's middle half▼ 4.3%-€20.9mbelow the sector's middle half▼ 8.0%-€22.1mbelow the sector's middle half▼ 5.7%-€23.0mbelow the sector's middle half▼ 4.3%-€22.9mbelow the sector's middle half▲ 0.5%
Solvency-456.3%below the sector's middle half▲ 323.1pp-374.9%below the sector's middle half▲ 81.4pp-629.2%below the sector's middle half▼ 254.4pp-479.1%below the sector's middle half▲ 150.2pp
Current ratio0.08below the sector's middle half▲ 0.040.10below the sector's middle half▲ 0.020.06below the sector's middle half▼ 0.040.10below the sector's middle half▲ 0.050.01below the sector's middle half▼ 0.09
Return on assets (ROA)1.5%within the sector's middle half▲ 63.5pp-20.5%below the sector's middle half▼ 21.9pp-55.0%below the sector's middle half▼ 34.6pp-22.6%below the sector's middle half▲ 32.5pp-6.5%below the sector's middle half▲ 16.1pp
Staff (FTE)13.2above the sector's middle half▲ 2.3%12.2above the sector's middle half▼ 7.6%5.9within the sector's middle half▼ 51.6%3.7within the sector's middle half▼ 37.3%4within the sector's middle half▲ 8.1%
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing 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 stays negative: a loss of €726,245 in 2025 against €1.0m in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.6m ▼ 13.2%
Current assets
€329,807 ▼ 87.3%
Key figures and ratios
EBITDA
€30,770▲
2024 · -€364,286
Cash flow
€632,920▲
2024 · -€346,803
Debt to equity
-1.09▲
2024 · -1.21
Interest coverage
-0.05▲
2024 · -38.62
Debt ≤ 1 year
€23.2m▼
2024 · €25.6m
Income taxes
€24,735▲
2024 · -€21,630
Staff costs
€287,623▲
2024 · €229,874
A ratio outside any meaningful range has been withheld (balance sheet total €1.9m, equity -€21.3m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.5%
went bankrupt
5.6%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 2,338 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €2.2m | €1.9m | - | - | - | - |
| Non-recurring operating income76A | €1.3m | €3,569 | €833 | €0 | €7,038 | - |
| Goods, raw materials, services and sundry goods60/61 | €3.1m | €3.9m | - | - | - | - |
| Remuneration, social security and pensions62 | €873,231 | €754,355 | €395,788 | €229,874 | €287,623 | ▲ 25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €324,081 | €495,992 | €674,903 | €650,890 | €757,015 | ▲ 16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€14,550 | -€79,773 | -€27,107 | -€79,177 | €0 | ▲ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€25,100 | - | - | - | - | - |
| Other operating charges640/8 | €255,220 | €97,364 | €90,036 | €11,374 | €3,262 | ▼ 71.3% |
| Non-recurring operating charges66A | - | - | €871 | €1,935 | €21,205 | ▲ 996% |
| Gross operating margin9900 | €1.5m | €237,590 | -€659,053 | -€200,280 | €342,859 | ▲ 271% |
| Operating profit (loss)9901 | €52,602 | -€1.0m | -€1.8m | -€1.0m | -€726,245 | ▲ 28.5% |
| Financial income75/76B | €23,126 | €14,638 | €7,625 | €5,286 | €11,270 | ▲ 113% |
| Recurring financial income75 | €23,126 | €14,638 | €7,625 | €5,286 | €11,270 | ▲ 113% |
| Financial charges65/66B | €60,190 | €17,443 | €12,037 | €9,433 | -€615,616 | ▼ 6,626% |
| Recurring financial charges65 | €60,190 | €17,443 | €12,037 | €9,433 | -€615,616 | ▼ 6,626% |
| Profit (loss) for the period before taxes9903 | €15,538 | -€1.0m | -€1.8m | -€1.0m | -€99,360 | ▲ 90.3% |
| Income taxes67/77 | -€40,916 | -€27,619 | -€32,413 | -€21,630 | €24,735 | ▲ 214% |
| Profit (loss) for the period9904 | €56,453 | -€1.0m | -€1.8m | -€997,692 | -€124,095 | ▲ 87.6% |
| Profit (loss) for the period to be appropriated9905 | €56,453 | -€1.0m | -€1.8m | -€997,692 | -€124,095 | ▲ 87.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.8m | €4.9m | €3.2m | €4.4m | €1.9m | ▼ 56.8% |
| Fixed assets21/28 | €2.0m | €2.6m | €1.9m | €1.8m | €1.6m | ▼ 13.2% |
| Intangible fixed assets21 | €2.0m | €2.6m | €1.9m | €1.8m | €1.6m | ▼ 13.2% |
| Tangible fixed assets22/27 | €12,008 | €8,272 | €3,064 | €656 | €1,136 | ▲ 73.2% |
| Plant, machinery and equipment23 | €12,008 | €8,272 | €3,064 | €656 | €1,136 | ▲ 73.2% |
| Financial fixed assets28 | €3,388 | €4,888 | €4,888 | €4,888 | €4,888 | = |
| Current assets29/58 | €1.8m | €2.4m | €1.3m | €2.6m | €329,807 | ▼ 87.3% |
| Stocks and contracts in progress3 | €23,737 | €34,389 | - | - | - | - |
| Stocks30/36 | €23,737 | €34,389 | - | - | - | - |
| Amounts receivable within one year40/41 | €907,015 | €2.1m | €1.3m | €2.4m | €158,053 | ▼ 93.5% |
| Trade receivables40 | €318,519 | €927,336 | €1.0m | €2.2m | €38,834 | ▼ 98.3% |
| Other amounts receivable41 | €588,496 | €1.2m | €213,814 | €194,574 | €119,219 | ▼ 38.7% |
| Cash at bank and in hand54/58 | €817,047 | €141,097 | €21,647 | €172,943 | €155,373 | ▼ 10.2% |
| Deferred charges and accrued income490/1 | €39,296 | €39,002 | €39,395 | €4,450 | €16,382 | ▲ 268% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.8m | €4.9m | €3.2m | €4.4m | €1.9m | ▼ 56.8% |
| Equity10/15 | -€17.4m | -€18.4m | -€20.2m | -€21.2m | -€21.3m | ▼ 0.6% |
| Contributions10/11 | €11.8m | €11.8m | €11.8m | €11.8m | €11.8m | = |
| Capital10 | €11.8m | €11.8m | €11.8m | €11.8m | €11.8m | = |
| Issued capital100 | €11.8m | €11.8m | €11.8m | €11.8m | €11.8m | = |
| Reserves13 | €1,980 | €1,980 | €1,980 | €1,980 | €1,980 | = |
| Non-distributable reserves130/1 | €1,980 | €1,980 | €1,980 | €1,980 | €1,980 | = |
| Legal reserve130 | €1,980 | €1,980 | €1,980 | €1,980 | €1,980 | = |
| Profit (loss) carried forward14 | -€29.2m | -€30.3m | -€32.0m | -€33.0m | -€33.1m | ▼ 0.4% |
| Amounts payable17/49 | €21.2m | €23.3m | €23.4m | €25.6m | €23.2m | ▼ 9.3% |
| Amounts payable within one year42/48 | €21.1m | €23.2m | €23.4m | €25.6m | €23.2m | ▼ 9.3% |
| Current portion of amounts payable after more than one year42 | €51,725 | - | - | - | - | - |
| Trade debts44 | €649,621 | €1.6m | €204,511 | €195,899 | €270,913 | ▲ 38.3% |
| Suppliers440/4 | €649,621 | €1.6m | €204,511 | €195,899 | €270,913 | ▲ 38.3% |
| Taxes, remuneration and social security45 | €77,975 | €88,847 | €125,251 | €27,031 | €248,504 | ▲ 819% |
| Taxes450/3 | - | €13,963 | €35,133 | €3,262 | €216,206 | ▲ 6,528% |
| Remuneration and social security454/9 | €77,975 | €74,883 | €90,118 | €23,769 | €32,298 | ▲ 35.9% |
| Other amounts payable47/48 | €20.3m | €21.6m | €23.0m | €25.4m | €22.7m | ▼ 10.6% |
| Accrued charges and deferred income492/3 | €137,791 | €122,536 | €18,399 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,453 | -€1.0m | -€1.8m | -€997,692 | -€124,095 | ▲ 87.6% |
| + Depreciation and write-downs630 | €324,081 | €495,992 | €674,903 | €650,890 | €757,015 | ▲ 16.3% |
| Operating cash flow (approximation) | €380,534 | -€509,542 | -€1.1m | -€346,803 | €632,920 | ▲ 283% |
| Investment in fixed assets (approximation) | - | -€1.0m | €2,203 | -€583,686 | -€517,645 | ▲ 11.3% |
| Change in cash | - | -€675,950 | -€119,450 | €151,296 | -€17,571 | ▼ 112% |
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
11-08
State Gazette act
Appointment: Karen Van De Woesteyne (gecoöpteerde bestuurder)4 facts ▸
State Gazette act
Appointment: Karen Van De Woesteyne (gecoöpteerde bestuurder)
4 facts ▸
- General meeting, 20-05-2026
- Director appointment, Karen Van De Woesteyne (gecoöpteerde bestuurder)
- Director in office, Bart Ballon (director)
- Director in office, Piet Malfait (director)
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 233 days late
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 64 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
31-12
Financial
Back to profitnet €56,453
Net result €56,453 after 3 loss-making years.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
27-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 362 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 26 acts read
About the unread acts
Of the 26 Belgian State Gazette acts we know for this company, 1 has been read. The other 25 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2025
Karen Van De Woesteyne
CurrentGecoöpteerde bestuurder · since 01-11-2025
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
25 of this company's 26 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2012
Ground area
1,389 m²
Building footprint
471 m²
Volume, LiDAR
7,569 m³
Parcel 71328D0376/00F000, Flanders · tallest building 18.3 m, ±6 floors. Linked by address, not a title deed.
39
companies at this address
See who is registered here
1 establishment unit
Joyn
since 20122.210.206.366
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0376/00F000 | Flanders | 1,389 m² | 1 · 471 m² | 18.2 m · 6 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.
Mandate history
1 person since 2025, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Karen Van De Woesteyne |
|
Structure & network
Owners and holdings
1 owner · 2 holdingsChain of control
- Joyn International
- JOYN
Highest known parent: Joyn International. The sources do not say who stands above it.
Owners 1
- Joyn Internationalparent100%
Holdings 2
-
100%
-
100%
According to the 2025 annual accounts of JOYN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 2,130 EUR awarded · 2,130 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 852 EUR | 852 EUR |
| 2022 | 1 | 1,278 EUR | 1,278 EUR |
Schemes
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Of 175 companies in sector 77330 we hold annual accounts for 111. 34 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-06-2012
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
77330Rental and leasing activities
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846759718
Registered
05-06-2026
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.