Checked.be
Active
BE 0822.254.647Private limited company
JOSEFIEN
Stationsstraat 95 ·2590 Berlaar, Belgium· 16 yrs active
Sector: Retail sale of meat and meat products, excluding game and poultry
(47221)
Conclusion
JOSEFIEN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130k and a net result of €15k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 34% of 9900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €130k |
| Net result | €15k |
| Staff (FTE) | 14.1 |
| Better than sector | 34% |
Financial profile
59
/ 100
Mixed profile: strong on stability, weaker on growth.
All 5 axes are computed from data Checked has read.
Health
68
Profitability
57
Solvency
36
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2010, 16 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
68
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€9k
estimate, not credit advice
Score history
81
2022
78
2023
71
2024
68
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.06 (≥ 1.0)
+5
Leverage
Debt/equity 3.16 (> 3.0)
-10
Profitability
ROE 11% (≥ 10%)
+10
Interest coverage
Interest coverage 8.7× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-04-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 4 fiscal years (±1.9%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 24.0% | 37.6% | |
| Net result | €15k | €31k | |
| Equity | €130k | €261k | |
| Gross operating margin | €583k | €227k | |
| Staff costs | €471k | €159k |
€102k
+14.1%
22-25
€15k
+44.0%
22-25
€78k
+5.9%
22-25
€539k
-0.6%
22-25
€130k
-24.2%
22-25
€19k
-67.7%
22-25
14
0.0%
22-25
€471k
+11.9%
22-25
€13k
-13.2%
22-25
€56k
+162.0%
22-25
€410k
+10.3%
22-25
€347k
+27.9%
22-25
€63k
-37.2%
22-25
1.06
-13.6%
22-25
0.95
-13.5%
22-25
24.0%
-23.8%
22-25
3.16
+45.5%
22-25
11.5%
+90.0%
22-25
2.8%
+44.9%
22-25
8.72
+16.1%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €102k | €89k | €84k | €78k |
| Net profit | €15k | €10k | €17k | €17k |
| Cash flow | €78k | €73k | €69k | €66k |
| Staff costs | €471k | €421k | €454k | €418k |
| Income taxes | €13k | €15k | €6k | €8k |
| Dividends | €56k | - | - | €22k |
| Total assets | €539k | €543k | €543k | €425k |
| Equity | €130k | €171k | €161k | €144k |
| Debt | €410k | €371k | €382k | €281k |
| of which ≤ 1y | €347k | €271k | €264k | €245k |
| of which > 1y | €63k | €100k | €118k | €35k |
| Working capital | €19k | €60k | €58k | €31k |
| Employees (FTE) | 14.1 | 14.1 | 12.3 | 13.3 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.06 | 1.22 | 1.22 | 1.13 |
| Quick ratio | 0.95 | 1.10 | 1.12 | 1.02 |
| Working capital ratio | 3.6% | 11.1% | 10.8% | 7.4% |
| Solvency | 24.0% | 31.5% | 29.6% | 33.9% |
| Debt / equity | 3.16 | 2.17 | 2.38 | 1.95 |
| Long-term debt ratio | 0.49 | 0.59 | 0.73 | 0.25 |
| Interest coverage | 8.72 | 7.51 | 9.53 | 12.86 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 2.8% | 1.9% | 3.1% | 4.1% |
| ROE | 11.5% | 6.0% | 10.5% | 12.1% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €539k | €543k | €543k | €425k |
| Fixed assets | 21/28 | €173k | €211k | €220k | €148k |
| Intangible fixed assets | 21 | €0 | €9k | €26k | €26k |
| Tangible fixed assets | 22/27 | €173k | €203k | €194k | €122k |
| Financial fixed assets | 28 | €300 | €300 | €300 | €300 |
| Current assets | 29/58 | €366k | €331k | €323k | €277k |
| Stocks & contracts in progress | 3 | €36k | €32k | €27k | €27k |
| Amounts receivable within one year | 40/41 | €153k | €155k | €180k | €124k |
| Cash & bank | 54/58 | €167k | €134k | €107k | €115k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €539k | €543k | €543k | €425k |
| Equity | 10/15 | €130k | €171k | €161k | €144k |
| Contributions / capital | 10/11 | €40k | €40k | €40k | €40k |
| Reserves | 13 | €79k | €120k | €110k | €93k |
| Accumulated profits (losses) | 14 | €11k | €11k | €11k | €11k |
| Amounts payable | 17/49 | €410k | €371k | €382k | €281k |
| Amounts payable after one year | 17 | €63k | €100k | €118k | €35k |
| Amounts payable within one year | 42/48 | €347k | €271k | €264k | €245k |
| Trade debts payable within one year | 44 | €166k | €142k | €183k | €171k |
| Income statement | |||||
| Gross operating margin | 9900 | €583k | €513k | €540k | €497k |
| Operating result | 9901 | €39k | €26k | €32k | €29k |
| Financial income | 75 | €132 | €402 | €84 | €159 |
| Financial charges | 65 | €12k | €12k | €9k | €6k |
| Result before taxes | 9903 | €28k | €25k | €23k | €26k |
| Income taxes | 67/77 | €13k | €15k | €6k | €8k |
| Net result for the period | 9904 | €15k | €10k | €17k | €17k |
| Result to be appropriated | 9905 | €15k | €10k | €17k | €17k |
Directors & mandates
Current directors & mandates
-
ReneekeLegal entityDirectorState Gazette act 26104397 (14-08-2026)Current14-08-2026 → present
Former directors (1)
-
Hens LucDirectorState Gazette act 26104397 (14-08-2026)Former- → 14-08-2026
Legal Structure
| NACE primary | Retail sale of meat and meat products, excluding game and poultry(47221) |
| Legal form | Private limited company(610) |
| Incorporation | 11-01-2010 |
| Status | Active |
| Postal code | 2590 |
Establishment units
KEURSLAGER HENS - ASSELBERGHS
since 20102.186.046.042
KEURSLAGER HENS - ASSELBERGHS
since 20172.261.742.367
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029B1010/00A000 | Flanders | 609 m² | 1 · 407 m² | - |
| 12002D0148/00V007 | Flanders | 431 m² | 1 · 303 m² | 11.6 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
14-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director discharge5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director discharge5 facts ▸
- General meeting, 01/09/2025
- Director resignation, Hens Luc (bestuurder)
- Director discharge, Hens Luc
- Director appointment, Reneeke (bestuurder)
- Permanent representative, Hens Luc
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €10k ▼39%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €150kEq €161k ▲11.8%
2 profitable years in a row build equity to €161k.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-03
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.
Belgian State Gazette reading coverage
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Retail sale of meat and meat products, excluding game and poultry47221Retail trade47222Event catering56210
Names & trade names
| Legal nameNL | JOSEFIEN |
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