Checked.be
Active
BE 0687.524.122Private limited company (pre-2019)
JOY INTERIEUR
Hermelijnstraat 11 ·8020 Oostkamp, Belgium· 8 yrs active
Sector: Joinery installation
(43320)
Conclusion
JOY INTERIEUR has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €-1k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 54% of 26784 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €52k |
| Net result | €-1k |
| Better than sector | 54% |
| Active | 8 yrs |
Financial profile
57
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
60
Profitability
0
Solvency
75
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
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
60
/ 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
€3k
estimate, not credit advice
Score history
85
2020
93
2021
100
2022
38
2023
69
2024
60
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.07 (≥ 1.0)
+5
Leverage
Debt/equity 0.97 (< 1.0)
+10
Profitability
Negatieve ROE -2%
-10
Interest coverage
Interest coverage 15.2× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 17-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~12%/year over 6 fiscal years, indicative, assuming unchanged policy.
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 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 50.8% | 47.4% | |
| Net result | €-1k | €10k | |
| Equity | €52k | €60k | |
| Gross operating margin | €16k | €39k | |
| Total assets | €102k | €141k |
€14k
-45.0%
20-25
€-1k
-
20-25
€13k
-40.4%
20-25
€102k
-10.8%
20-25
€52k
-2.0%
20-25
€3k
-
20-25
€235
-87.1%
20-25
€50k
-18.3%
20-25
€36k
-5.5%
20-25
€14k
-39.2%
20-25
1.07
+9.9%
20-25
0.96
-0.4%
20-25
50.8%
+9.8%
20-25
0.97
-16.7%
20-25
-2.0%
-
20-25
-1.0%
-
20-25
15.23
+39.3%
20-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €14k | €25k | €11k | €27k | €16k |
| Net profit | €-1k | €7k | €-4k | €16k | €6k |
| Cash flow | €13k | €21k | €9k | €21k | €13k |
| Staff costs | - | - | - | - | - |
| Income taxes | €235 | €2k | €99 | €5k | €2k |
| Dividends | - | - | - | - | - |
| Total assets | €102k | €114k | €119k | €95k | €61k |
| Equity | €52k | €53k | €46k | €50k | €34k |
| Debt | €50k | €61k | €73k | €44k | €27k |
| of which ≤ 1y | €36k | €38k | €40k | €43k | €22k |
| of which > 1y | €14k | €23k | €32k | €1k | €5k |
| Working capital | €3k | €-889 | €-8k | €26k | €28k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.07 | 0.98 | 0.80 | 1.61 | 2.31 |
| Quick ratio | 0.96 | 0.96 | 0.78 | 1.59 | 2.28 |
| Working capital ratio | 2.6% | -0.8% | -6.7% | 27.7% | 46.0% |
| Solvency | 50.8% | 46.3% | 38.8% | 53.1% | 56.3% |
| Debt / equity | 0.97 | 1.16 | 1.58 | 0.88 | 0.78 |
| Long-term debt ratio | 0.27 | 0.44 | 0.70 | 0.03 | 0.15 |
| Interest coverage | 15.23 | 10.94 | 9.53 | 26.28 | 37.83 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -1.0% | 5.8% | -3.6% | 16.7% | 9.7% |
| ROE | -2.0% | 12.5% | -9.2% | 31.4% | 17.3% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €102k | €114k | €119k | €95k | €61k |
| Fixed assets | 21/28 | €63k | €77k | €86k | €25k | €12k |
| Tangible fixed assets | 22/27 | €63k | €77k | €86k | €25k | €12k |
| Current assets | 29/58 | €38k | €37k | €33k | €69k | €50k |
| Stocks & contracts in progress | 3 | €4k | €514 | €881 | €676 | €620 |
| Amounts receivable within one year | 40/41 | €25k | €19k | €24k | €9k | €5k |
| Cash & bank | 54/58 | €10k | €17k | €8k | €59k | €44k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €102k | €114k | €119k | €95k | €61k |
| Equity | 10/15 | €52k | €53k | €46k | €50k | €34k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €45k | €45k | €38k | €38k | €22k |
| Accumulated profits (losses) | 14 | €791 | €2k | €2k | €6k | €6k |
| Amounts payable | 17/49 | €50k | €61k | €73k | €44k | €27k |
| Amounts payable after one year | 17 | €14k | €23k | €32k | €1k | €5k |
| Amounts payable within one year | 42/48 | €36k | €38k | €40k | €43k | €22k |
| Trade debts payable within one year | 44 | €11k | €9k | €923 | €11k | €1k |
| Income statement | ||||||
| Gross operating margin | 9900 | €16k | €26k | €11k | €28k | €16k |
| Operating result | 9901 | €77 | €10k | €-3k | €22k | €9k |
| Financial income | 75 | €19 | €288 | €0 | €0 | €3 |
| Financial charges | 65 | €903 | €2k | €1k | €1k | €419 |
| Result before taxes | 9903 | €-806 | €8k | €-4k | €21k | €8k |
| Income taxes | 67/77 | €235 | €2k | €99 | €5k | €2k |
| Net result for the period | 9904 | €-1k | €7k | €-4k | €16k | €6k |
| Result to be appropriated | 9905 | €-1k | €7k | €-4k | €16k | €6k |
Legal Structure
| NACE primary | Joinery installation(43320) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 04-01-2018 |
| Status | Active |
| Postal code | 8020 |
Establishment units
JOY INTERIEUR
since 20182.271.648.839
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31403H0890/00G000 | Flanders | 395 m² | 1 · 84 m² | 8.9 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-4k ▼127%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Joinery installation43320
Names & trade names
| Legal nameNL | JOY INTERIEUR |
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