Equity
€632,882 ▲ 14.5%
JOLV INVEST has made a profit without a break since 2019.
JOLV INVEST
Lifetime
14 annual accounts with figures on one time axispeak €179,775 (2025)
€179,775▲ 74.5%
lowest -€319,838 (2016)
€80,150▼ 30.1%
peak €632,882 (2025)
€632,882▲ 14.5%
€2.3m▲ 35.8%
peak 4.2 FTE (2014)
-not published
Board1 name since 2015
1 directorBERTHE Alexandre
Documentsfilings and deeds
26-05-202666 days before the deadline
2025micro format
Gross margin from €102,999 to €179,775Result from €114,613 to €80,150Merger: PEPIN & PEPINE takes over FLY WITH ME 03-03Equity from €552,732 to €632,882Debts from €1.7m to €2.3mInvestments €489,480
Key points
from the 2025 annual accountsTurnover
≈ €320,000 estimated
The micro format states no turnover.
Debts
€2.3m 78% of the balance sheet
Financial debts 13%Suppliers 0%Taxes and wages 1%Other 86%
Of this, €2.0m falls due within a year.
Filings
14 annual accounts since 2012
Five of the last ten came late. The 2017 accounts came latest: 59 days after the end of the period.
Restructuring
2025
Merger with FLY WITH ME. Merger on 03-03-2025.
Position in the sector
€80,150
Higher net result than 88% of companies in real estate. Sector median €5,997 · 17,176 companies.
Checked score
93
Excellent
Financially stronger than 44% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025highest value
09-2025: < 0.1%▼ -0.4 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: 0.1%▲ +0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: < 0.1%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Equity €632,882 (21.9% of total assets)
lowers risk
Size: total assets €2.9m
Figures for financial year 2025 (filed on 26-05-2026)
Sector: Real estate activities (NACE 68)
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 68, small). It does better than 41% of them on solvency, 18% on liquidity, 42% on profitability and 77% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
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, 4,107 companies had the same profile as JOLV INVEST has now. Each dot stands for 11 companies, two years later.
98.0%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of JOLV INVEST itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 4,107 companies, not a prediction for JOLV INVEST. 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 €55,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.12 (1.24 in 2024), below the usual 1.5. Short-term debt is 69.8% and cash 8.3% of total assets. 78.1% 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
Five signals.
lowers riskraises riskneutral
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 days early
2024
29 days late
2023
107 days early
2022
29 days late
2021
19 days early
2020
23 days early
2019
80 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 34 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 July (4 of the last 5 accounts filed within 48 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Alexandre BERTHE 340,700 sharesdeed of 29-11-2024
- Pauline BONNET 9,299 sharesdeed of 29-11-2024
- Pierre LELUBRE 1 sharedeed of 29-11-2024
Recent changes
Amendment of the articles
Legal-form conversion: to private limited company (pre-2019) · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0842214079
Merger: PEPIN & PEPINE takes over FLY WITH ME
Company renamed to JOLV INVEST · New name: JOLV INVEST · Permanent representative: BERTHE Alexandre · General meeting of 31-01-2025 · Gazette deed
Merger proposal: PEPIN & PEPINE SRL takes over FLY WITH ME SRL
The company holds all the shares of FLY WITH ME SRL · Alexandre BERTHE holds 340,700 shares · Pauline BONNET holds 9,299 shares · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| JOLV INVEST Tournai | €2.9m | €179,775 | 21.9% | - |
| BOXING DAY Silly | €2.6m | €148,709 | 67.6% | - |
| GROUP IMMO S.M. Thuin | €2.5m | €165,266 | -4.1% | 3.5 |
| PAGE HOLDINGS Woluwe-Saint-Pierre | €2.8m | €192,674 | 36.6% | - |
| Vivag Invest Kortrijk | €2.6m | €190,224 | 86.7% | - |
| Citystate Antwerp | €2.9m | €176,407 | 9.4% | 0 |
| FP140 Antwerp | €2.9m | €164,860 | -27.4% | 0 |
These companies have the same main activity as JOLV INVEST: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €2.5m and €2.9m, founded between 2010 and 2013.
Official details
Source: KBO- Status
- Active since 28-12-2011Normal situation
- Activity
- Buying and selling of own real estateNACE 68110and 5 others
- Establishment unit
- 2.205.459.6037536 Tournai, since 28-12-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 09-12-2025
Annual accounts 2025
- €2.9m▲ 30.5%
- Filing
- Filed on 26-05-2026, 66 days before the end of the filing period
Insights on JOLV INVEST
JOLV INVEST files the micro format. That format states no turnover. The gross margin rose from €56,920 in 2012 to €179,775 in 2025.
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 JOLV INVEST
- What is the company number of JOLV INVEST?
- The company number of JOLV INVEST is 0842.214.079. The VAT number is the same number with BE in front: BE 0842.214.079.
- Where is JOLV INVEST based?
- The registered office is at Vieux Chemin de Mons 5, 7536 Tournai.Company details
- What does JOLV INVEST do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of JOLV INVEST?
- JOLV INVEST is a private limited company (BV).
- When was JOLV INVEST founded?
- JOLV INVEST was founded on 28-12-2011.
- Is JOLV INVEST still active?
- Yes, JOLV INVEST is an active enterprise in the KBO register.
- What is the turnover of JOLV INVEST?
- The turnover in financial year 2025 is ≈ €320,000. This figure is estimated from the gross margin of €179,775 and 49 comparable companies (NACE 681). It probably lies between €240,000 and €600,000.Financials
- Is JOLV INVEST profitable?
- In financial year 2025, JOLV INVEST made a profit of €80,150.
- Where can I find the annual accounts of JOLV INVEST?
- JOLV INVEST filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of JOLV INVEST due?
- JOLV INVEST must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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