JOTUNHEIM
ActiveSummary
JOTUNHEIM has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23k and a net result of €21k. Equity is growing by ~32.6% per year across the filed fiscal years. Its solvency ranks better than 16% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+1
Solvency35▼-18
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.86 in 2024; short-term debt: 40.4% and cash: 8.7% of total assets), and 90.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
9.8%
Return on assets
8.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 31694 sector peers (2025).
NBB · sector comparisonPosition among 31694 sector peers
Solvency
better than 16%
← weakest
strongest →
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 26-03-2026, 127 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
127 d early
2024
15 d early
2023
41 d early
2022
31 d early
2021
33 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€23k▼ 67.3%
2024 · €71k
2021: €21k
2022: €40k
2023: €51k
2024: €71k
2021 → 2025
Total assets
€238k▼ 6.8%
2024 · €256k
2021: €34k
2022: €91k
2023: €269k
2024: €256k
2021 → 2025
Net result
€21k▲ 3.5%
2024 · €20k
2021: €18k
2022: €19k
2023: €11k
2024: €20k
2021 → 2025
Working capital
€-54k▼ 790%
2024 · €-6k
2021: €17k
2022: €29k
2023: €-25k
2024: €-6k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€40k▲ 92.8%€51k▲ 27.4%€71k▲ 39.2%€23k▼ 67.3%
Operating result€24k-€23k▼ 6.0%€17k▼ 25.0%€34k▲ 97.5%€34k▲ 0.6%
Net result€18k-€19k▲ 5.5%€11k▼ 43.2%€20k▲ 82.6%€21k▲ 3.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €238k
Fixed assets
€196k ▼ 10.7%
Current assets
€43k ▲ 16.7%
Equity and liabilities €238k
Equity
€23k ▼ 67.3%
Debt
€215k ▲ 16.6%
Debt's share of the balance-sheet total rises from 72.1% to 90.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€64k▲
2024 · €62k
Cash flow
€50k▲
2024 · €48k
Current ratio
0.44▼
2024 · 0.86
Debt to equity
9.25▲
2024 · 2.59
ROE
89.3%▲
2024 · 28.2%
ROA
8.7%▲
2024 · 7.8%
Interest coverage
8.56▲
2024 · 7.28
Debt ≤ 1 year
€96k▲
2024 · €43k
Debt > 1 year
€119k▼
2024 · €142k
Income taxes
€6k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€256k€238k▼
Fixed assets21/28€219k€196k▼
Intangible fixed assets21€6k€5k▼
Tangible fixed assets22/27€213k€191k▼
Plant, machinery and equipment23€2k€2k▲
Other tangible fixed assets26€211k€189k▼
Current assets29/58€37k€43k▲
Amounts receivable within one year40/41€20k€22k▲
Trade receivables40€20k€22k▲
Other amounts receivable41€46-
Cash at bank and in hand54/58€16k€21k▲
Deferred charges and accrued income490/1€110€114▲
Equity and liabilities
Total equity and liabilities10/49€256k€238k▼
Equity10/15€71k€23k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€69k€21k▼
Amounts payable17/49€184k€215k▲
Amounts payable after more than one year17€142k€119k▼
Financial debts170/4€142k€119k▼
Amounts payable within one year42/48€43k€96k▲
Current portion of amounts payable after more than one year42€24k-
Financial debts43-€25k
Credit institutions430/8-€25k
Trade debts44€773€850▲
Suppliers440/4€773€850▲
Taxes, remuneration and social security45€14k€15k▲
Taxes450/3€14k€15k▲
Other amounts payable47/48€4k€55k▲
Accrued charges and deferred income492/3€66€67▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€29k▲
Other operating charges640/8€785€809▲
Gross operating margin9900€63k€64k▲
Operating profit (loss)9901€34k€34k▲
Financial income75/76B€5-
Recurring financial income75€5-
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Profit (loss) for the period before taxes9903€26k€27k▲
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€20k€21k▲
Profit (loss) for the period to be appropriated9905€20k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€69k€90k▲
Profit (loss) brought forward from the previous period14P€49k€69k▲
Profit to be distributed694/7-€69k
Return on contributions (dividend)694-€69k
The notes to these accounts (9 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
2026
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €21k ▲3.5%
Operating result €34k, net result €21k, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €11k ▼43.2%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Zulte · 1 establishment unit since 2021
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.
Grote Steenweg 1839870 ZulteGround area
855 m²
Building footprint
376 m²
Volume, LiDAR
2,121 m³
Parcel 44050B1121/00H003, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JOTUNHEIM
since 20212.321.372.326
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44050B1121/00H003 | Flanders | 855 m² | 1 · 375 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 32,154 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82300Organisation of conventions and trade shows
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.