What does JOVARKO do?

JOVARKO is a farm in Beernem. Private Limited, started on 17 April 1987, 2 establishments.

What is the address of JOVARKO?

The registered office of JOVARKO is located at Zandgrachtstraat 33, 8730 Beernem.

Is JOVARKO still active?

Yes. According to the CBE (29 October 2026) JOVARKO is active, legal situation “Normale toestand”, started on 17 April 1987.

Is JOVARKO registered on Peppol?

Yes, JOVARKO is registered on the Peppol network with ID 0208:0430875780.

What is the enterprise number of JOVARKO?

The enterprise number of JOVARKO is BE0430875780.

When was JOVARKO founded?

JOVARKO was founded on 17 April 1987.

Who are the directors of JOVARKO?

According to the 2025 annual accounts, the directors of JOVARKO are: Joost BULTINCK, Hilde VAN KERSCHAVER.

Is JOVARKO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 17 April 1987; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account; 2 establishments in the CBE.

How much profit did JOVARKO make in 2025?

JOVARKO posted a profit after taxes of € 86,493 in financial year 2025.

What is the revenue of JOVARKO?

As a small company, JOVARKO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 347,280.

How much does an employee at JOVARKO earn?

The average wage cost per full-time employee at JOVARKO was € 36,900 in 2025: staff costs of € 73,779 for 2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does JOVARKO have?

According to the 2025 annual accounts, JOVARKO has 2 full-time equivalents (FTE).

JOVARKO (Private Limited) - Beernem - BE0430875780

Dossier JOVARKO, printed on 29 October 2026 from databakkes.be/en/0430875780/jovarko. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 4 of the last 4 fiscal years.
Tight liquidity NBB

Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

JOVARKO from Beernem, company number BE0430875780, closed financial year 2025 with a result of € 86,493 after tax. For that financial year JOVARKO recorded a gross margin of € 347,280 and equity of € -475,220. Compared with financial year 2024, the result moved from € 147,158 to € 86,493. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 4, 2026.

What it is worth Caution

€ -475,220

▲ € 86,493 vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 86,493

▼ 41% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 10,244

▲ 195% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € -541,220.

People and assets in 2025

Full-time equivalents

▲ 0.5 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 73,779

▲ 25% vs 2024

€ 36,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 387

▼ 91% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 519,255

▼ 18% vs 2024

€ 128,966 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 1.4 million

▲ 5% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 3,683

▼ 21% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ -173,443 Gross margin 2022: € -173,443 First fiscal year in the series	€ 420,739 Gross margin 2023: € 420,739 ▲ € 594,182 vs 2022 (€ -173,443) Favourable step	€ 385,186 Gross margin 2024: € 385,186 ▼ 8% vs 2023 (€ 420,739) Unfavourable step	€ 347,280 Gross margin 2025: € 347,280 ▼ 10% vs 2024 (€ 385,186) Unfavourable step	▼ 10%
Profit after taxes	€ -366,464 Profit after taxes 2022: € -366,464 First fiscal year in the series	€ 231,997 Profit after taxes 2023: € 231,997 ▲ € 598,460 vs 2022 (€ -366,464) Favourable step	€ 147,158 Profit after taxes 2024: € 147,158 ▼ 37% vs 2023 (€ 231,997) Unfavourable step	€ 86,493 Profit after taxes 2025: € 86,493 ▼ 41% vs 2024 (€ 147,158) Unfavourable step	▼ 41%
Equity	€ -940,868 Equity 2022: € -940,868 First fiscal year in the series	€ -708,872 Equity 2023: € -708,872 ▲ € 231,997 vs 2022 (€ -940,868) Favourable step	€ -561,713 Equity 2024: € -561,713 ▲ € 147,158 vs 2023 (€ -708,872) Favourable step	€ -475,220 Equity 2025: € -475,220 ▲ € 86,493 vs 2024 (€ -561,713) Favourable step	▲ € 86,493
Total debts	€ 2,415,363 Total debts 2022: € 2,415,363 First fiscal year in the series	€ 2,270,256 Total debts 2023: € 2,270,256 ▼ 6% vs 2022 (€ 2,415,363) Favourable step	€ 2,054,913 Total debts 2024: € 2,054,913 ▼ 9% vs 2023 (€ 2,270,256) Favourable step	€ 1,965,282 Total debts 2025: € 1,965,282 ▼ 4% vs 2024 (€ 2,054,913) Favourable step	▼ 4%
Cash	€ 29,683 Cash 2022: € 29,683 First fiscal year in the series	€ 8,849 Cash 2023: € 8,849 ▼ 70% vs 2022 (€ 29,683) Unfavourable step	€ 3,468 Cash 2024: € 3,468 ▼ 61% vs 2023 (€ 8,849) Unfavourable step	€ 10,244 Cash 2025: € 10,244 ▲ 195% vs 2024 (€ 3,468) Favourable step	▲ 195%
Land & buildings	€ 473,203 Land & buildings 2022: € 473,203 First fiscal year in the series	€ 392,823 Land & buildings 2023: € 392,823 ▼ 17% vs 2022 (€ 473,203) Unchanged	€ 312,443 Land & buildings 2024: € 312,443 ▼ 20% vs 2023 (€ 392,823) Unchanged	€ 232,064 Land & buildings 2025: € 232,064 ▼ 26% vs 2024 (€ 312,443) Unchanged	▼ 26%
Retained profit	€ -1,006,868 Retained profit 2022: € -1,006,868 First fiscal year in the series	€ -774,872 Retained profit 2023: € -774,872 ▲ € 231,997 vs 2022 (€ -1,006,868) Favourable step	€ -627,713 Retained profit 2024: € -627,713 ▲ € 147,158 vs 2023 (€ -774,872) Favourable step	€ -541,220 Retained profit 2025: € -541,220 ▲ € 86,493 vs 2024 (€ -627,713) Favourable step	▲ € 86,493
Bank debt	€ 834,606 Bank debt 2022: € 834,606 First fiscal year in the series	€ 716,599 Bank debt 2023: € 716,599 ▼ 14% vs 2022 (€ 834,606) Favourable step	€ 633,410 Bank debt 2024: € 633,410 ▼ 12% vs 2023 (€ 716,599) Favourable step	€ 519,255 Bank debt 2025: € 519,255 ▼ 18% vs 2024 (€ 633,410) Favourable step	▼ 18%
Balance sheet total	€ 1,480,630 Balance sheet total 2022: € 1,480,630 First fiscal year in the series	€ 1,566,293 Balance sheet total 2023: € 1,566,293 ▲ 6% vs 2022 (€ 1,480,630) Unchanged	€ 1,496,881 Balance sheet total 2024: € 1,496,881 ▼ 4% vs 2023 (€ 1,566,293) Unchanged	€ 1,492,517 Balance sheet total 2025: € 1,492,517 Unchanged (€ 1,496,881) Unchanged
Employees (FTE)	0.4 Employees (FTE) 2022: 0.4 First fiscal year in the series	0.9 Employees (FTE) 2023: 0.9 ▲ 0.5 vs 2022 (0.4) Unchanged	1.5 Employees (FTE) 2024: 1.5 ▲ 0.6 vs 2023 (0.9) Unchanged	2 Employees (FTE) 2025: 2 ▲ 0.5 vs 2024 (1.5) Unchanged	▲ 0.5

Key figures of JOVARKO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.

What happened to JOVARKO?

What happened at JOVARKO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Apr 4, 2026 New annual accounts for financial year 2025: profit of € 86,493 (▼ 41% vs 2024). Source: NBB ↗
Jan 1, 2015 New establishment in Beernem. KBO
2008 Joost BULTINCK became a director. NBB
2008 Hilde VAN KERSCHAVER became a director. NBB
Apr 28, 1987 New establishment in Beernem. KBO
Apr 17, 1987 Start of the company according to the CBE. KBO

In short

From € 366,464 loss in 2022 to € 86,493 profit in 2025.

Paid € 4,163 in corporate taxes since 2022.

Best year ever: 2023, with € 231,997 profit.

On average € 173,600 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Joost BULTINCK Hilde VAN KERSCHAVER

VLAAMSE PRODUCENTEN ORGANISATIE VARKENSHOUDERS

JOVARKO

Behind JOVARKO are Joost BULTINCK and Hilde VAN KERSCHAVER. Joost BULTINCK is also behind VLAAMSE PRODUCENTEN ORGANISATIE VARKENSHOUDERS.

Directors

According to the 2025 annual accounts

Joost BULTINCK

Director

Also active at: VLAAMSE PRODUCENTEN ORGANISATIE VARKENSHOUDERS

since 2008

Hilde VAN KERSCHAVER

Director

since 2008

Establishments

Establishment units

Physical locations of this company

Registered office

Zandgrachtstraat 33

8730 Beernem

2.239.736.235

Danegemstraat 6A

8730 Beernem

Active since 1 January 2015

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0430.875.780

VAT number

BE 0430.875.780

Registered office

Zandgrachtstraat 33, 8730 Beernem

Names & denominations

JOVARKO

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

17 April 1987

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Fokvarkenshouderijen

Overige adviesbureaus op het gebied van bedrijfsvoering en beheer

Varkensvetmesterijen

Activiteiten van holdings

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Teelt van andere granen dan rijst, en van peulgewassen en oliehoudende zaden

Overige zakelijke dienstverlening, neg

Teelt van groenten, meloenen en wortel- en knolgewassen

View on CBE Public ↗ Annual accounts (NBB) ↗

JOVARKO

Warning lights

Financials

What happened to JOVARKO?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions