Equity
€718,539 ▲ 95.4%
Equity rose in 2025 from €367,640 to €718,539.
JÖTUNN
Lifetime
19 annual accounts with figures on one time axis, 33 filings since 1992Gross marginpeak €1.1m (2025)
€1.1m▲ 77.7%
Resultlowest -€72,408 (2019)
€350,899▲ 33.0%
Equitypeak €718,539 (2025)
€718,539▲ 95.4%
Debts
€2.6m▲ 23.1%
Staffpeak 4.7 FTE (2025)
4.7 FTE▲ 74.1%
Board6 names since 2015
3 directorsMarc BEYENS and 2 others
Owners2 names in the annual accounts
Documentsfilings and deeds
29-01-20262 days before the deadline
2025financial year
Gross margin from €605,269 to €1.1mResult from €263,829 to €350,899Staff from 2.7 FTE to 4.7 FTEEquity from €367,640 to €718,539Debts from €2.1m to €2.6mInvestments €758,384
Key points
from the 2025 annual accountsTurnover
≈ €1.9m estimated
The accounts state no turnover.
Debts
€2.6m 79% of the balance sheet
Financial debts 67%Suppliers 11%Taxes and wages 11%Other 10%
€1.6m of the debts are secured on the company's own assets. In 2021 that was €46,208.
Investments
€510,884 3.5 × depreciation
Green is investment, beige is depreciation. Machinery stands 51.9% higher than in 2024.
Staff
10 employees on 30-06-2025
In 2025, 6 people joined and 3 left.
Position in the sector
21.5%
Lower solvency than 81% of companies in fabricated metal products. Sector median 45.5% · 831 companies.
Checked score
91
Excellent
Financially stronger than 63% of micro companies in fabricated metal products (NACE 25)
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: 0.5% across 3,707 companies (NACE 25, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.9%▲ +0.3 percentage points vs 12-2024
02-2025: 2.7%▲ +0.8 percentage points vs 01-2025highest value
03-2025: 1.0%▼ -1.7 percentage points vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 0.5%▼ -0.5 percentage points vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.6%▲ +0.1 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.7%▲ +0.1 percentage points vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.8%▲ +0.1 percentage points vs 11-2025
01-2026: 0.9%▲ +0.1 percentage points vs 12-2025
02-2026: 1.4%▲ +0.5 percentage points vs 01-2026
03-2026: 0.1%▼ -1.3 percentage points vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026lowest value
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.2%▲ +0.1 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
Equity €718,539 (21.5% of total assets)
lowers risk
Liquidity: current ratio 1.10, cash €856,440
Founded in 1991
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 25, micro). It does better than 24% of them on solvency, 67% on liquidity, 67% on profitability and 92% on growth.
The bankruptcy probability was computed on 05-11-2026 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 30-06-2025.
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, 3,818 companies had the same profile as JÖTUNN has now. Each dot stands for 10 companies, two years later.
95.1%
were still trading
3.7%
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 JÖTUNN 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 3,818 companies, not a prediction for JÖTUNN. 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 €65,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.1 (1.06 in 2024), below the usual 1.5. Short-term debt is 34.8% and cash 25.6% of total assets. 78.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 831 sector peers (2025).
NBB · sector comparisonPosition among 831 sector peers
Solvency
better than 19%
← weakest
strongest →
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 €718,539
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 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
on the day
2023
on the day
2022
2 days early
2021
11 days late
2020
1 day early
2019
on the day
← 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 1 day after the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end06-11-2026 today31-01-2027 deadline
Board and ownership
PS
PROSEIDO SCS
Director, since 23-09-2015
G
GESLEASE
Director, Alain STRUMAN
- GESLEASE 98.67%equity €2.8m (2024) · 30-09-2024 annual accounts of GESLEASE
- Marc BEYENS 0.67%annual accounts 30-09-2020
- PROSEIDO SCS 0.67%annual accounts 30-09-2020
Recent changes
Company renamed from SIESTA to JÖTUNN
Registered office moved within Herstal · New registered office: Rue de Hermée 211, 4040 Herstal · Previous registered office: Rue de Hermée 246, 4040 Herstal · General meeting of 29-03-2023 · Gazette deed
Reappointments: Vincent Parmentier (director) and Marc BEYENS (director)
General meeting of 13-09-2022 · Gazette deed
First establishment
Rue de Hermée 211, Herstal
Incorporation
published on 09-07-1991 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| JÖTUNN Herstal | €3.3m | €1.1m | 21.5% | 4.7 |
| BUYSE CONSTRUCT Oostrozebeke | €3.6m | €1.3m | 44.7% | 4.9 |
| KERENZO CONSTRUCT Wetteren | €4.5m | €1.2m | 84.7% | 6 |
| VRANCKX INDUSTRIES Kampenhout | €2.9m | €0.7m | 88.0% | 3.4 |
| METAALWERKEN SWERTS Balen | €2.3m | €0.8m | 87.8% | 5.1 |
| ATELIERS MARC LOUIS Marche-en-Famenne | €3.3m | €1.8m | 47.9% | 6.9 |
| TEMPAC COMP. Herentals | €4.2m | €1.2m | 81.3% | 7.7 |
These companies have the same main activity as JÖTUNN: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €2.3m and €4.5m, founded between 1989 and 1998.
Official details
Source: KBO- Status
- Active since 17-06-1991Normal situation
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110and 1 other
- Establishment unit
- 2.053.599.3714040 Herstal, since 24-07-1991
- Financial year end
- 30 June
- Peppol
- Reachable
Annual accounts to 30-06-2025
- Total assets
- €3.3m▲ 33.7%
- Employeeson 30-06-2025
- 10▲ 42.9%
- Filing
- Filed on 29-01-2026, 2 days before the end of the filing period
Insights on JÖTUNN
JÖTUNN has existed since 1991. The present size dates from 2024. The gross margin rose that year from €76,825 to €605,269.
The gross margin has grown every year since 2021. Solvency rose in 2025 from 14.7% to 21.5% because of the retained profit.
GESLEASE holds 98.67% of the shares.
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 JÖTUNN
- What is the company number of JÖTUNN?
- The company number of JÖTUNN is 0444.481.516. The VAT number is the same number with BE in front: BE 0444.481.516.
- Where is JÖTUNN based?
- The registered office is at Rue de Hermée 211, 4040 Herstal.Company details
- What does JÖTUNN do?
- According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
- What is the legal form of JÖTUNN?
- JÖTUNN is a private limited company (BV).
- When was JÖTUNN founded?
- JÖTUNN was founded on 17-06-1991.
- Is JÖTUNN still active?
- Yes, JÖTUNN is an active enterprise in the KBO register.
- How many employees does JÖTUNN have?
- JÖTUNN had an average of 4.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of JÖTUNN?
- The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €1.1m and 1,584 comparable companies of the same size. It probably lies between €1.3m and €3.0m. It is a rough estimate.
- Is JÖTUNN profitable?
- In financial year 2025, JÖTUNN made a profit of €350,899.
- Where can I find the annual accounts of JÖTUNN?
- JÖTUNN filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of JÖTUNN due?
- JÖTUNN must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.